www.peoplestandup.ca by Terrence MdKenna’s voice that this is from “DocZone,” a CBC.ca The global financial crisis enters a new phase The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy. The US government proposed a 0 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis. By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market. In January of 2009 US President Obama proposed federal spending of around trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.

Many agree the current financial system is unsustainable the question is how much longer can this last? With out the much needed QE from the central banks how much longer can this economy truly last? And what event will trigger global meltdown? Thanks for watching and subscribe for weekly updates. Follow me @ Fabian4Liberty

www.peoplestandup.ca Meltdown 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.

go to bobchapman.blogspot.com for the latest of Bob Chapman videos

Complete video at: fora.tv Van Jones, acclaimed author and President of Rebuild the Dream, and Eliot Spitzer, former Governor of New York, discuss the actors who triggered the 2008 financial collapse and the ramifications of the regulatory failure on middle class America. —- Culture Project’s acclaimed town hall series, is a bold hybrid of journalism, theatre and film that brings together leading experts in politics, journalism, academia, and social activism along with visionary artists, to create high-voltage, multimedia conversations designed to educate, entertain and mobilize citizens for vigorous engagement in restoring accountability into our civic society. Accountability is critical to democracy. At a time when grave challenges threaten American democracy, Culture Project presents “Blueprint for Accountability,” a series that asks “How can we empower ourselves to hold our leaders–in government, education and corporate institutions–accountable for the events of the past and the conditions of the future?”

www.StockMarketFunding.com Financial Crisis 2012 Worse than 2008, European Banking System on the Verge of Collapse. The scenario will likely fully play out in 2013 and we will see what central banks world wide to do postpone the selling and get the cash off the side lines to pump markets….

thank you for the “bailout” Germany. hehe. facebook: www.facebook.com

go to bobchapman.blogspot.com for the latest of Bob Chapman videos

A simple explanation of what’s wrong with the global economy, and why it’s getting worse.

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 …