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 …

AlJazeeraEnglish—Sept. 21, 2011–The first of a four-part investigation into a world of greed and recklessness that brought down the financial world. Copyright Al Jazeera 2011 § 107.Limitations on exclusive rights: Fair use Notwithstanding the provisions of sections 106 and 106A, the fair use of a copyrighted work, including such use by reproduction in copies or phonorecords or by any other means specified by that section, for purposes such as criticism, comment, news reporting, teaching (including multiple copies for classroom use), scholarship, or research, is not an infringement of copyright. In determining whether the use made of a work in any particular case is a fair use the factors to be considered shall include — (1) the purpose and character of the use, including whether such use is of a commercial nature or is for nonprofit educational purposes; (2) the nature of the copyrighted work; (3) the amount and substantiality of the portion used in relation to the copyrighted work as a whole; and (4) the effect of the use upon the potential market for or value of the copyrighted work. Meltdown part 1 series 2008 al Jazeera Finance financial crisis economy aljazeera lehman brothers

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.

The euro zone has only a matter of weeks to take steps that will ensure the common currency’s survival, former UK Prime Minister Tony Blair says in an exclusive interview with the Journal’s Managing Editor, Robert Thomson. This interview originally aired 12/1/2011.

The Big Fight: On The Big Fight we discuss if the growth story is over and whether India can bounce back.

Speaking after the EU-Russia summit, President of ~Russia’s Federation, Dmitry Medvedev, on Thursday stated that Russia will offer Europe financial aid in order to help stabilize the European Union and the euro. “Russia will continue reinforcing financial stability of the euro area, first and foremost, through the IMF”, Medvedev said. “The European Union is our major trading partner”, he concluded.

www.Financial-Truth.com We Stand Together at a Financial Crossroad America is the wealthiest nation on earth. Yet, the majority of American Families are failing to manage their own personal finances. More citizens since the Great Depression are in debt, default or financial despair. Americans overspend. Undersave. Overborrow. Most are undereducated about managing their personal finances. Our future generations will suffer today’s mismanagement. Statistics are alarming. The consequences are grim. Let’s Give Our People Help and Hope Responsible management of our personal finances is the foundation to a healthy national economy. The better our citizens effectively manage their personal savings, expense budgeting and financial planning, the stronger we grow as a culture, and as a country. Financial Truth is a Communications Campaign that raises the awareness of personal financial responsibility. A growing library of short animated videos, together with supporting educational media will be provided for free through multiple distribution channels. Powered by eMoney Advisor www.emoneyadvisor.com

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