Tag Archives: “INSIDE JOB”

INSIDE JOB – Understanding the Collapse of the Economy -REMOVED

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I’d like to think my blog was enough of a threat to Wall Street to pull YouTube clips off the Internet – but this afternoon INSIDE JOB was gone.  SONY PICTURES pulled the clips off of the Internet.

It’s a great documentary – if you can find a copy buy it, rent it share it with your friends.  Everyone should know what happened to our economy.  We cannot ignore it because it’s not going away or getting better any time soon.

‘Inside Job’ is the first film to provide a comprehensive analysis of the global financial crisis of 2008, which at a cost over $140 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. Continue reading →

Understanding the Cause of the Economic Collapse

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The average person is wondering why America can’t get out of this Depression and while we are not in bread lines like the 1930s – we’re getting awfully close.  Families are being displaced by foreclosures.  More tents are popping up around the cities and jobs are still hard to find.

To help understand what happened and what we can do about it let’s start with DERIVATIVES. These are unregulated investment vehicles that gambled away pension and retirement funds from around the world – so Wall Street could get rich… quick! This small clip, from the excellent documentary INSIDE JOB, explains in easy-to-understand terms how Collateralized Debt Obligations, or CDO derivatives, were instrumental to the global financial meltdown.

I highly recommend this documentary. INSIDE JOB sheds light on what really happened in 2008. Here’s a clip with the whole movie to follow.  Continue reading →