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 …

Global stock markets have plunged over Greece’s shock announcement that it would hold a referendum on an EU bailout deal. The decision has raised fears that a rejection of the unpopular EU agreement will renew risks of a Greek default and might even force the country to leave the eurozone. Press TV talks with Max Keiser, a financial journalist and broadcaster in Paris, to get his view on the issue.

www.presstv.com Last week the Financial Pundit predicted that Greece was on the point of default and is unable to meet stringent bail out conditions. US treasury secretary Timothy Geithner went to a crisis meeting of the European Finance Ministers in Poland, claiming to be knocking heads together.

Part 1 of 2: A Sky News special on the financial crisis in Greece, how they got into it, and what can be done about it. A lot of the rich have been getting away with paying too little tax, and the middle get away with things such as not paying rail fares. Recorded from Sky News, 26 August 2011.

This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of ‘selective default’ as the over prescribed anti-psychotic medication for financial marketss. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002. KR on FB: www.facebook.com/keiserreport

Watch the full Keiser Report E167 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of ‘selective default’ as the over-prescribed anti-psychotic medication for financial markets. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002. KR on FB: www.facebook.com/KeiserReport

Watch the full Keiser Report E163 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, report on declaring war on ratings agencies and buying refrigerators to save the economy. In the second half of the show, Max talks to Professor Emeritus, Guy McPherson, who has exited empire to build a post-carbon community. KR on FB: www.facebook.com/KeiserReport

Overdose is the story about the greatest economic crisis of our age – the one that awaits us. This clip discusses the risk of economic meltdown in states like the US, Greece, Italy, Spain and Great Britain. World Premiere May 8th in Washington DC on Politics on Film. www.overdosethemovie.com www.facebook.com/overdosethenextfinancialcrisis

***ORIGINAL UPLOAD BY RussiaToday*** Permission to repost granted. November 16, 2010 If Europe’s single currency fails, so would the Union itself. The warning comes from the EU president, who was speaking ahead of the meeting of the Eurozone’s finance ministers. Portugal has warned it could be forced out of the Eurozone, and Ireland is also being urged to use European bailout money to prevent bankruptcy. But Financial analyst Max Keiser says going to the IMF for help would be even worse… RT on Facebook: www.facebook.com RT on Twitter: twitter.com RT Max Keiser Keiser Report IMF Ireland EU bailout Irish banks single currency Ireland Greece Portugal currency wars dollar Euro money economy finance recession downturn financial banks International Monetary Fund economy finances crisis recession depression economic collapse global money debt loan deficit greatest fraud fascism corporatism kakistocracy kleptocracy neofeudalism neoliberalism dictatorship authoritarianism oligarchy social banishment

2010 www.amazon.com Watch more clips: thefilmarchived.blogspot.com United States President Barack Obama and key advisers introduced a series of regulatory proposals in June 2009. The proposals address consumer protection, executive pay, bank financial cushions or capital requirements, expanded regulation of the shadow banking system and derivatives, and enhanced authority for the Federal Reserve to safely wind-down systemically important institutions, among others. In January 2010, Obama proposed additional regulations limiting the ability of banks to engage in proprietary trading. The proposals were dubbed “The Volcker Rule”, in recognition of Paul Volcker, who has publicly argued for the proposed changes. The US Senate passed a regulatory reform bill in May 2010, following the House which passed a bill in December 2009. These bills must now be reconciled. The New York Times provided a comparative summary of the features of the two bills, which address to varying extent the principles enumerated by the Obama administration. For instance, the Volcker Rule against proprietary trading is not part of the legislation, though in the Senate bill regulators have the discretion but not the obligation to prohibit these trades. A variety of other regulatory changes have been proposed by economists, politicians, journalists, and business leaders to minimize the impact of the current crisis and prevent recurrence. None of the proposed solutions have yet been implemented. These …