What Greece could have done if it had it’s own currency

Professor James Barth was an appointee of Presidents Ronald Reagan and George HW Bush as chief economist of the Office of Thrift Supervision and previously the Federal Home Loan Bank Board. He is now the Lowder Eminent Scholar in Finance at Auburn University and a Senior Fellow at the Milken Institute. In this interview, Cenk and Dr. Barth discuss how shortcomings of financial regulators contributed to the 2008 financial crisis, and what to expect in the future given the current state of affairs. Dr. Barth also offers a unique prescription rooted in the ideas of James Madison. Find out more about James Barth here: www.business.auburn.edu and about the Milken Institute at their home page: www.milkeninstitute.org

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.

www.FT.com What happens if Greece exits the euro? As the possibility increases following the country’s recent election and a vote against austerity, FT leader writer Peggy Hollinger and capital markets editor Richard Milne discuss the implications with FT analysis editor Frederick Studemann. For more video content from the FT, visit the Financial Times video section at: www.ft.com

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.

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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