A rap about what led to the current state of the economy, why the financial crisis is happening, and what the Bail Out Plan means for you and me. Written and Performed by Michael Bird Directed and Edited by Andrew Grissom

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Presented by Kevin Duffy at “Austrian Economics and the Financial Markets,” the Mises Circle in Manhattan on 22 May 2010 in New York, New York. Includes an introduction by Mises Institute president Douglas E. French.

Barry Eichengreen – renowned professor of Economics and Political Science at the University of California Berkeley, former senior advisor to the IMF, author of “Globalizing Capital: A History of the International Monetary System”, and editor of “Rescuing our Jobs and Savings: What G8 Leaders can do to Solve the Global Credit Crisis” – provides a detailed overview of the financial crisis. He discusses at length: (a) the excessive risk undertaken by a variety of financial institutions as a result of gradual deregulation of financial services sector in the second half of 20th century; (b) the role of both Republican and Democratic parties in maintaining deregulation policies following introduction of US President Ronald Reagan’s “free markets” ideology in 1980; (c) the inability of the US to properly manage or channel massive capital inflows from the developing world – especially China – during the last decade; (d) the failure of Bush administration to mount an adequate response to the financial crisis on account of its initial state of denial, financial engineering mindset, and “free markets” ideology; and (e) actions – such as, interest rate increases, deficit reduction, recapitalization of banks, and economic stimulus – that would have greatly mitigated the severity of the financial crisis. In addition, he dwells on: (f) the impact of the financial crisis on American power and globalization, as well as (g) the nature of institutional reforms required at global level to …

Join Dr. Chris Martenson as he explains the three E’s of the economy, energy, and the environment and how they are interrelated in this condensed version of his three hour Crash Course. As Chris often reminds us in the Crash Course, “The next twenty years are going to be completely unlike the last twenty years.”

US Economy: Cost of Living Decreases by Most in Six Decades www.bloomberg.com Fired IG Calls White House Explanation ‘Baseless,’ Says He’s Being Targeted www.foxnews.com Senate health overhaul costs top .6T apnews.myway.com Time for ‘new world order’: Brazilian President www.breitbart.com Obama unveils broad financial oversight plan www.msnbc.msn.com

Jim Puplava says a major financial crisis is approaching recorded on March 20th 2010

Americans’ net worth up for 3rd straight quarter www.washingtonpost.com Financial Wealth in America sociology.ucsc.edu www.mybudget360.com New York City Bank Among Three US Bank Failures abcnews.go.com Detroit family homes sell for just www.telegraph.co.uk Retail sales rise unexpectedly in February www.msnbc.msn.com

Alex Jones insight on who’s behind the financial disorder. When the press was saying there was no recession months ago, he had guest on the show who spoke otherwise. This is a very truthful sobering audio clip. Financial Bailout Balloons to the 7.5 Trillions abcnews.go.com fdic’s list of ‘problem’ banks swells to 171 news.yahoo.com Paulson Was Behind Bailout Martial Law Threat www.eyeblast.tv Holiday sales could put US companies into bankruptcy www.google.com This Is Not A Normal Recession www.informationclearinghouse.info Chicago Purchasers Index Falls to Lowest Level Since 1982 www.bloomberg.com Bob Chapman, The International Forecaster news.goldseek.com Meltdown to hit agriculture, food shortage looms www.tradearabia.com Peter Schiff:100% True Market Predcition in 2006 — fauxnews “Experts” Laughed scienceblogs.com Russian analyst predicts decline and breakup of US en.rian.ru

Bailing out US financial institutions comes at a high price for society, but the alternative is a global collapse that would be much worse, believes New York University economics Professor Nouriel Roubini.