Great showing last night. We had planned on watching a documentary on racism and segregation, but instead we reacted to the "bailout" that happened this week.
It is really hard to follow and certainly harder to explain what exactly is going on with the housing bubble, the economic collapse, and an impending depression. Words like stagflation, fractional reserve banking, derivative leveraging, Ponzi scheme, T-notes, and others are thrown around in financial circles. It's easier to just let the "experts" deal with this and tell us what's happening, but I don't trusting any "Fox News finance analyst" or anyone from the mainstream.
We watched (video link) Monopoly Men, which is from the Phenomenon series. One of the key speakers in the movie also made my favorite documentary ever, The Money Masters. Although Monopoly Men takes on a slant of a detective story in a very questionable "eerie" atmosphere, the facts were all there. That was a great way to start our night, the history behind it all. Then we moved on to the current crisis and how money works nowadays.
Next we listened to an 8 minute clip from Alex Jones show on 10-02-2008; a tipping point of financial America, the day before the "bailout" was signed. His name is Peter Schiff, here's a good video featuring this guy.
(You can look up the speech I showed you guys, it's on hour 4 of the Alex Jones Show, start about 6:30 and it goes for about an hour. Here's a link to the torrent.)
Then we saw a movie called (video link) Money as Debt, which is a Flash animation going over the 9:1 ratio of money allowed to be created per deposited. A little hard to follow at times, I've watched this at least 3 times and tend to get more and more out of it. Money as Debt website.
till next time.
over and out
Monday, October 6, 2008
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