My dear American readers/followers. This video is for you. Hopefully after you’ve watched it you understand who are your TRUE masters.
A video well worth watching, from an erudite Scots academic who has a grasp of history.
Brought to you by Alan’s Money Blog:
Hi everyone. I just came across a free video documentary about the history of gold and I thought I’d share it with you folks. As far as I can tell this documentary was done by National Geographic, but I could be wrong. Overall it’s an enjoyable video and I hope you like it. The video comes in two parts unfortunately, but I’ve embedded both within this post.
You can watch part 1 below:
Part 2 is available below:
Hi everyone. I’ve got a really cool documentary that I’d like to share with you. It’s called The Warning.
In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.
“I didn’t know Brooksley Born,” says former SEC Chairman Arthur Levitt, a member of President Clinton’s powerful Working Group on Financial Markets. “I was told that she was irascible, difficult, stubborn, unreasonable.” Levitt explains how the other principals of the Working Group — former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin — convinced him that Born’s attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was “clearly a mistake.”
Born’s battle behind closed doors was epic, Kirk finds. The members of the President’s Working Group vehemently opposed regulation — especially when proposed by a Washington outsider like Born.
“I walk into Brooksley’s office one day; the blood has drained from her face,” says Michael Greenberger, a former top official at the CFTC who worked closely with Born. “She’s hanging up the telephone; she says to me: ‘That was [former Assistant Treasury Secretary] Larry Summers. He says, “You’re going to cause the worst financial crisis since the end of World War II.”… [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'”
Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. “Born faced a formidable struggle pushing for regulation at a time when the stock market was booming,” Kirk says. “Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves.”
Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one.
“It’ll happen again if we don’t take the appropriate steps,” Born warns. “There will be significant financial downturns and disasters attributed to this regulatory gap over and over until we learn from experience.”
Watch the documentary here:
I’d like to thank PBS for putting out this informative documentary. Please folks remember to support your local PBS station.
There is one thing most people are completely
uninformed about – how the money system works,
and more particularly, how it works to their
If you’ve ever wanted a clear explanation of
how money is created, how it is devalued (at
your expense) and why the money system is at
the root of our economic problems – then I
urge you to watch this short (less than 10
Inflation And The Dollar’s Crash
It’s a lucid explanation of something everyone
should know about.
Watch it, and pass it on.
Hello everyone. I just finished watching this rather interesting documentary and I thought I’d share it with you folks. Unlike the original Zeitgeist documentary this one focuses mainly on explaining and exposing the flaws of our present fiat monetary system. What I like about this documentary is that it doesn’t just tell you what’s wrong but also offers a potential solution. At the end there is some “new age” fluff, but in my opinion it doesn’t affect much the overall quality of the film.The information at the beginning will probably come as a shock for those of you know little to nothing about money and how it’s created. OK, enough of my monologue. Here is the video:
Brought to you by Alan’s Money Blog: