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 …

Archived from the live Mises.tv broadcast, this lecture was presented by Robert P. Murphy at the Mises Circle in Houston on 14 January 2012.

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 – The Financial Survival – 17 Oct 2011

Go to bobchapman.blogspot.com for more Bob Chapman videos Bob Chapman – The Financial Survival – 14 Oct 2011

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Go to bobchapman.blogspot.com for more Bob Chapman videos Bob Chapman – Financial Survival 16 Sept 2011

Thanks for joining me on another installment of Collapse Confirmation News July 18th, 2011. Moody’s continues it’s assault on the America by trying to bypass the Constitution and allow the president to control spending. Owned by Warren Buffet, Moody’s is one of the organizations responsible for the global collapse and should be on trial. Also whistleblower on News of World scandal found dead and oil going back to 0?

NEI’s President and Chief Executive Officer Marvin Fertel briefed the financial community on July 26, 2011, on the post-Fukushima outlook for the US nuclear energy industry. Among the topics discussed were: the 90-day report recently issued by the Nuclear Regulatory Commission’s Fukushima task force, financing for new nuclear plants, and lessons learned from the accident at Fukushima. For more information and to see the PowerPoint presentation from the briefing, visit NEI’s website: bit.ly

go to bobchapman.blogspot.com for more Bob Chapman video Bob Chapman – Financial Survival 25 July 2011