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.FT.com The FT’s US columnist Edward Luce says the Florida primary, while certainly a big win for Mitt Romney, does not indicate a victory in the Republican nomination for the US presidency. Also Romney has yet to win over the Tea Party, says Matt Kibbe of FreedomWorks. For more video content from the FT US Columnist Edward Luce, visit the Financial Times video section at: www.ft.com

The stars turned out for the UK premiere of the new thriller about the eve of the 2008 financial crash.

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www.aei.org AEI”s Des Lachman says “We’re not talking about a crisis in the periphery… we’re talking about a crisis that effects the core of Europe.” To watch the entire event or to read more, visit www.aei.org

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

THE ▀█▀ █▀ █_█ ▀█▀ █▬█ Я Ξ √ Ω LUT ↑ ☼ N There are fresh demonstrations in Madrid against severe budget cuts as the country tries to reduce its massive debt. Spain has been tipped as the next Eurozone economy at risk of needing a bailout, but some say it could be too big to save. RT talks to Jim Corr, a political activist and musician from the Irish band the Corrs. RT on Facebook: www.facebook.com RT on Twitter: twitter.com

In times of crisis people seek strong leaders and simple solutions. But what if their solutions are identical to the mistakes that caused the very crisis? This is the story of the greatest economic crisis of our age, the one that awaits us.

Raw footage of protesters rioting in London’s financial district before the G20 Summit on April 1, 2009, which was labeled by protesters as “Financial Fool’s Day”.

Jim Rogers Financial Crisis is going to get WORSE