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 …
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
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
Alex welcomes back to the show former trader and television host and commentator Max Keiser who will talk about the collapsing economy and other issues related to the globalist financial takeover. Alex also takes your calls. maxkeiser.com www.infowars.com www.prisonplanet.tv www.infowars.net www.prisonplanet.com
Alex welcomes back to the show former trader and television host and commentator Max Keiser who will talk about the collapsing economy and other issues related to the globalist financial takeover. Alex also takes your calls. maxkeiser.com www.infowars.com www.prisonplanet.tv www.infowars.net www.prisonplanet.com
