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
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.
Financial crisis – Public services across Portugal ground to a halt on Thursday as trade unions held a 24-hour walk out. The strikers are protesting against a raft of austerity measures introduced by the government in exchange for financial aid. FRANCE 24 INTERNATIONAL NEWS 24/7 www.france24.com http
On the Tuesday, November 22 edition of the Alex Jones Show, Alex hosts from the road with Infowars Nightly News co-host Aaron Dykes riding shotgun at the Austin, Texas command post. www.infowars.com www.prisonplanet.tv
Max Keiser : This is a war. This is World War III. This is the new war using financial derivatives. And the objective is to preserve the speculative rates given to the Wall Street bankers of zero percent. You know, Ben Bernanke this week came out and said “we’re gonna be keeping this rate of zero percent for over two years or indefinetly”. That doesn’t help workers, that doesn’t help savers, that doesn’t help society, that only helps speculators, that only helps the plunderers. And if you look at those riots in London, all those plunderers on the streets would be doing was mimicking the plundering at Goldman Sachs and JP Morgan. I’m surprised Goldman Sachs is not down on the street trying to recruit these kids to work at Goldman Sachs and JP Morgan ! They are excellent plunderers, why don’t they work on Wall Street ? They’ve proven themselves ! Let’s give them the job ! Bernanke’s job is to be down in the mouth and say that he must keep interest rates low. That’s its job ! And to determine where interest rates should be, he looks at a series of statistics that do not include energy or food ! So he does not see inflation ! He only looks at things that are falling in price. And therefore he concludes that there’s deflation and that the interest rates must be near zero. And in Switzerland now interest rates have gone negative. They’re charging people to keep money at the bank, also the United States are utilizing negative interest rates. That’s to be… my prediction would …
