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 …

Founder of Sons of Liberty Academy, Chris Duane, sits down with Josh Tolley to discuss Chris’ view that we will have a world wide financial collapse by fall of 2012. This is based on Chris’ most important article to date!

Louis talks about the recession, the fucked economy, and hiding money in a safe. The boys also discuss the fragile state of US debt and transient nature of American wealth. Louis later mentions the episode “The Giant Pool of Money” from This American Life on NPR, which you can listen to here: www.thisamericanlife.org Part 2 of 3.

More details at marcfaberchannel.blogspot.com

marcfaberchannel.blogspot.com for more John Williams on the Road to Hyperinflation 2014

How an epidemic of fear caused the world’s major banks to stop lending, triggering protests and industrial action.

Go to bobchapman.blogspot.com for more Bob Chapman videos Bob Chapman – The Financial Survival 04 Nov 2011

go to bobchapman.blogspot.com for more Bob Chapman videos Bob Chapman – Discount Gold and Silver Trading 23 Sept 2011

silver-shortage.blogspot.com for details Eric Sprott, Financial Sense NewsHour 19 Oct 2011

It took 150 years to blow up the banking sector – a brief history of a slow detonation. From Freedomain Radio – www.freedomainradio.com Sources www.bankofengland.co.uk