www.peoplestandup.ca by Terrence MdKenna’s voice that this is from “DocZone,” a CBC.ca The credit crunch The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead. The sub-prime crisis and housing bubble The housing market in the United States suffered greatly as many home owners who had taken out sub-prime loans found they were unable to meet their mortgage repayments. As the value of homes plummeted, the borrowers found themselves with negative equity. With a large number of borrowers defaulting on loans, banks were faced with a situation where the repossessed house and land was worth less on today’s market than the bank had loaned out originally. The banks had a liquidity crisis on their hands, and giving and obtaining loans became increasingly difficult as the fallout from the sub-prime lending bubble burst. This is commonly referred to as the credit crunch. Although the housing collapse in the United States is commonly referred to as the trigger for the global financial …
www.FT.com Higher wages and tight credit have led some manufacturers to leave southern China, but others are staying and moving up the value chain. The FT’s Josh Noble visits two Austrian-owned factories that have operated in Guangdong province for over 30 years. For more video content from the FT, visit the Financial Times video section at: www.ft.com
The euro zone has only a matter of weeks to take steps that will ensure the common currency’s survival, former UK Prime Minister Tony Blair says in an exclusive interview with the Journal’s Managing Editor, Robert Thomson. This interview originally aired 12/1/2011.
Latest financial market news: • FTSE 100 up on decent Asian showing overnight • More M&A excitement with Avis takeover • Glencore and Tesco release results • UK inflation (CPI/RPI) numbers in line with expectations • Investors looking to plentiful US economic indicators data this afternoon, including US retail sales
US Is Nearing Even Worse Financial Crisis: Jim Rogers Jim Rogers, Rogers Holdings chairman/CEO discussing the economy, rising debt, China’s growth prospects and oil prices. www.cnbc.com Why are some still listening to this guy (Bernanke)? www.youtube.com Federal Reserve Statistical Release, Z.1, Flow of Funds Accounts of the United States www.federalreserve.gov Debt Clock www.usdebtclock.org
Visit: www.activengredient.myefoods.com to get some free emergency food to try. Prepare your food reserves now. I found a company who is giving away 12 servings of free emergency food. Get yours and tell your family and friends to get theirs. Company’s goal is to give out 1000000 servings. Help me spread the word. Get yours now at www.activengredient.myefoods.com
www.presstv.com Max’s guest for this week’s show is Karl Denninger who is the founder of market-ticker.org. Karl gives some predictions on the US economy in the New Year. He is downbeat and forecasts a terrible year for the housing, banking and myriad of sectors. He says the Europe would also disintegrate and says people there will have a weaker euro in parity with the dollar. China will also break the peg and people would see a rise in commodity price, bubble assets and less export to the US. Enjoy the show.
John from Calgary don’t want Max Keiser on Jim Puplava’s show. Max Keiser talks to Stacy Herbert about financial propaganda and Jon Nadler at Kitco versus Mohammed Saeed al-Sahhaf recorded on February 19th 2011
