AtheistRightWing (November 30, 1999 at 12:00 am)

yeap, that's about right. but we could trace these problems infinitely, to the federal reserve, to reconstruction era, to andrew jackson...

crazyuncleronpaul (November 30, 1999 at 12:00 am)

Key moment - Nixon takes us off the gold standard and opens trade with china to secure offshore manufacturing for big business. Regan starts biggest spending spree in government history with fiat currency proping up defense industry in a war that doesn't exist (cold war), to stimulate the economy and try to pay down debt, Clinton pushes for greater number of homeowners, this works for about 8 months, then goes out of control. Bush admin nudged congress, they told them to shut it.

crazyuncleronpaul (November 30, 1999 at 12:00 am)

your both right, just looking at the problem from two different perspectives. The video explains how the 'crash' occurred. Mingling investment and commercial banking activities created an incentive for loaning out more and more money, leading to inflated housing prices and reduced loan approval requirements - BUT - what led to all of this is a thirty year long money printing / debt based economy. Our entire economy is a sham.

crazyuncleronpaul (November 30, 1999 at 12:00 am)

Problem is - it stops working eventually, everytime, every culture that has ever run its economy like this. It always works right up until the time when it doesn't and that's when they go to war.

crazyuncleronpaul (November 30, 1999 at 12:00 am)

The fed adjusts interest rates to cause a rash of renewal or refinance loans to readjust the borrower back to the front end of the loan repayment cycle. All of this is subsidized by the government through tax breaks for borrowing. In the long run, everyone but the banks and businesses aligned with banks go broke, so they have to constantly inflate to give the illusion of an economy.

crazyuncleronpaul (November 30, 1999 at 12:00 am)

on the nose - this video is hilarious for how far off it is. Banks take deposits and use the deposits as 'collateral' for the money they create on the ledger, loan out 'ledger money' and then get incredible payments with all of the interest amortized on the front end (the borrower pays most of the interest off in the first ten / fifteen years).

mymojorisin (November 30, 1999 at 12:00 am)

This is the PROPAGANDA explanation for it. The REAL reason is because the government and ALL banks are thieves working together to scam the American people. The real thieves live in Washington DC and on Wall Street.

MrDragnodd (November 30, 1999 at 12:00 am)

My daughter said, "Thats not real money, daddy. The man made it. Its only fake money." :|

030SG (November 30, 1999 at 12:00 am)

You idiot. Where did you study macroeconomics? What you describes is the basic way how ECB or Fed create and burn money. It has nothing to do with the crisis of 2008. In Europe the deposit requirement has fallen as low as 1%. This was actually done to combat the financial crisis in order to stimulate investment. This has absolutely nothing to do with the 2008 bubble that busted. The video is spot on. You´re a moron and 44 people are as dumb as you.

WesternVoices8 (November 30, 1999 at 12:00 am)

The Zionists are deliberately destroying all Western countries! They immigrated into our nations and then secretly declared war upon us!They conspired to take control of our nation's infrastructure through carefully orchestrated acts of TREASON! They became our Bankers, Politicians & media owners. Their goal is to obliterate the middle class!!For a FREE informative BOOKLET & video on the Zionist-engineered INTENTIONAL destruction of White people go to: w w w. youtube. com/watch?v=n663eVTSyS8