The following videos show the chaos that ensued, probably not in your neighborhood, and reveals how everything is interconnected. Unprecedented levels of debts were amassed to "save" us from a worldwide financial collapse.
Now that it's 2012, think about what changed:
- Are the banks that were too big to fail broken apart? No.
- Have housing prices in the US been allowed to correct and stabilize? No. Even the trillions of dollars thrown at the problem have not gotten us to stable prices.
- Have banks paid out record bonuses to executives who led us to the collapse? Yes.
- Did we work down the debts amassed that were used to bailout banks, plowed into infrastructure spending, bailout homeowners, and stimulate "growth"? No.
So, now that we know that nothing has changed, how confident are you that all the events that took place in 2008 (and have clearly gotten worse in Europe) will not come back?
"Stabilized" US House Prices (Case Shiller):
The videos cover crises in the US, China, Iceland, France, Dubai, UK, Greece, Japan, and others.
Part 1 of 4:
Part 2 of 4:
Part 3 of 4:
Part 4 of 4:
Source: http://www.youtube.com/watch?v=T3CDGh4cXU0&feature=related
Source: http://www.youtube.com/watch?v=VBmOEI7Ob9M&feature=relmfu
Source: http://www.youtube.com/watch?v=JB4wefzZLNc&feature=relmfu
Source: http://www.youtube.com/watch?v=h3VgY1_PzUs&feature=relmfu
No comments:
Post a Comment