Nouriel Roubini – who successfully predicted the recent collapse of the US-dominated financial system years in advance – discusses the financial crisis and its impact on world economies. He describes in detail: (a) the origins of the financial crisis in bursting of massive bubbles in various asset classes that in turn were generated by easy credit and poor regulation; (b) the fundamental flaws of limited transparency, excessive securitization, and shoddy credit ratings – especially in the domain of exotic securities – in the financial system; and (c) the fateful decision by Western financial regulators to allow the shadow banking system to grow dramatically without adequate safety measures. He also highlights: (d) the weakening of American geopolitical power from massive deficit spending to fix the US financial system and revive the American economy; (e) the potential threat to world peace through severe social and political unrest arising from high unemployment; and (f) the likely slowdown, if not reversal, of globalization itself via enactment of trade and tariff barriers to protect jobs. This speech was recorded in October 2008. PLEASE READ MY COMMENTS ON THE VIDEO BEFORE WATCHING.

www.house.gov CampaignForLiberty.com Congressman Ron Paul questions Federal Reserve Governor Elizabeth Duke at the House Financial Services Subcommittee on Domestic Monetary Policy and Technology hearing on July 16, 2009 entitled, “Regulatory Restructuring Safeguarding Consumer Protection and the Role of the Federal Reserve.”

Congressman Ron Paul talks about his confrontation with Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke at the Financial Services Hearing, July 10, 2008. Originally posted at Dr. Paul’s congressional website: www.house.gov Sign up to be a part of Ron Paul’s Campaign for Liberty! www.CampaignForLiberty.com

Financial Markets (ECON 252) In the second of his two lectures in honor of Arthur Okun, Professor Summers points out that real interest rates have been very low in the current subprime crisis. This indicates that the shock to the economy was more a financial breakdown shock than a disinflation shock. But financial breakdown shocks are not necessarily very harmful to the economy, so long as financial intermediation capital is not destroyed. In a financial crisis like the present one …

From Wall Street to Main Street, Americans are reeling from the current financial crisis. Hear a panel of Stanford experts discuss perspectives on the crisis and what is to come. Recorded October 10, 2008. Panelists: John Shoven (Director, Stanford Institute for Economic Policy Research), Anne Casscells (CIO, Aetos Capital), Darrell Duffie (Professor of Finance, Stanford Graduate School of Business) , Dennis Lockhart (President and CEO, Federal Reserve Bank of Atlanta), John Taylor …