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Contributed by J. R. Ransom
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 Bank Regulator Central bank bailout follows 10 years of regulatory failure - iTulip.com video (7min 4sec) follows the trail of the credit market meltdown back to the recent Fed bailout starting from Jim Cramer's pitching of home builder stocks during housing bubble.
Banking regulators had to know this was coming, but did nothing. Now we're paying the price. This video starts off with Jim Cramer back-peddling on his ranting appeal to the Fed to bail out his hedge fund pals, posturing that his motive was to save Joe Sixpack from a second Great Depression. Oddly, Cramer brags that he was involved in selling crap S&L paper, which caused a mini-depression in part of the American southwest in the 1980s and early 1990s, as more than one million homeowners walked away from their homes. |
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Contributed by J. R. Ransom
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 Jim Cramer In this opinionated video (5min 36sec) of 'Jim Cramer Melts Down. Markets, too?' TV's Jim Cramer freaks out about recent market declines and demands the Fed's Ben Bernanke rescue Wall Street and save his pal's jobs. "Technical: 'Discount Window' = 'Federal Reserve Facility for extending credit directly to eligible depository institutions.' Real: 'Free money for banks in serious trouble'. Can Cramer be more transparent? Greenspan helped sell ARMS to main street to help Wall Street make a fortune selling mortgages via state worker's and foreign pension funds. Now, where's the implicate promised bailout now that the market has collapsed? Today's fed bailout is tomorrow's high taxes and inflation. Guess who bears the brunt of the taxes. |
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Contributed by J. R. Ransom
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 Economy Crisis Report The American Economy Is In Crisis video (27min 59sec) - Some of the nation's best economists are finally telling it like it is. The U.S. Economy is teetering on the abyss. "Since President Clinton signed NAFTA into law, in 1994, America has lost 10 million manufacturing jobs. The federal government is $804 billion in debt. Consumers are spending 121% of what they make, saving nothing for the uncertain future. The Bush Administration bought it's way out of recession by by borrowing money and driving the deficit to an unsustainable level." We look into the legacy of the Reagan-Bush-Clinton-Bush free ride for free trade. What do we find? Foreign ownership of critical assets, a devastated manufacturing sector and $804 billion in U.S. dollars at the whim of foreign banks. To make matters worse, personal debt is skyrocketing, and bankruptcy protection has been gutted by the GOP. There's still hope--but time is running out. Kevan Quinn warns that the thought police are watching, so hide your books! |
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Contributed by Max Keiser
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 Max Keiser Intriguing video with radical genius millionaire Max Keiser as he responds to the question: 'Why is America going to go bankrupt and what will be the effects of this?'
'The US technically right now is bankrupt. There are people in Washington, DC for example Congressman Ron Paul who points out that if you were to mark the market, the US assets to the liabilities, the country is bankrupt. They have many, many, many times the liabilities, than they do have assets...
Once the support for the dollar goes away the American economy goes away... You know Warren Buffett, a very famous investor in America, has said within a few years he believes that Americans will be paying income tax to both Uncle Sam and China...' |
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Contributed by Max Keiser
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 Max Keiser "Banking On It" - The second video (14min 4sec) of two videos about the World Bank. The World Bank claims to be working for a world free of poverty. Max Keiser disagrees. Instead, he says they are making the world full of poverty. And that some of the biggest multinationals are banking on it to help them make a killing in poor countries. "Exxon, BP, Chevron, Halliburton. These are some of the biggest multinationals in the world and they've recently recorded some of their biggest profits, ever. Why do these companies need loans from the World Bank?" |
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