Global Financial Crisis Continues! gnooze October 8, 2008

[shevchenkoTV]

The GLOBAL FINANCIAL CRISIS: the responsibility assumes Andrey Shevchenko.

[tickdog3]

good job!

[exbronco1980]

most americans like george w.

[pran1zzle]

Hahaha, this was actually quite funny, subscribed!

[yogiudo]

LMAO

[aaronbroadcast2008]

To have a better understanding of what caused the financial crisis and how we can remedy it please read a post titled "Why is the United States undergoing a political and Financial Crisis?" and watch the third video down labeled "The Money Masters" at:

The Art Dept Chronicles at blogspot.

[aaronbroadcast2008]

ha ha

[SoloWing3844]

Democracy has failed us all!

p.s worst news I have ever seen.

[SuperDachshund]

@SoloWing3844

I think you're right. We should stop being a democracy and try that "republic" thing the founding fathers originally intended for us. There's a big difference between the two. And you're right. This is pretty bad "news."

[hounddog21]

North Korea you better stop or we'll tell Greenpeace about you harrassing wildlife in the Yellow Sea.

[yrulooknatme]

Good Sammy Terry impersonation!

[shockolanu]

Great job! Keep up the good work! People need to see what's going on! Talk about those people evicted by the banks in Illinois and about the sheriff called "vigilante" by the bankers :D

[DookofHDP]

Great scary lighting effect! Now I've got a craving for s'mores. :P

[enroserie]

Hey there, rhymingwithoranges told me about you in one of his videos, you're so cool! =)

[asarapi]

The higher they rise, the harder the drop... it's called bad financial karma.

[FightGlobalPoverty]

We are dealing with a massive financial collapse, not just a simple long-term market adjustment.

.

.

[FightGlobalPoverty]

America needs to stop its financial system from collapsing.

The bail out, which is 5% of our GDP, was appropriate a year ago when this financial panic was still young. We should be talking about measures as massive as World War II in %GDP and temporarily nationalizing our financial sector.

America use to have financial panics and depressions every 20 years. This is what we can expect.

[FightGlobalPoverty]

1. Financial institutions collapse because people lose confidence and pull their money out at the same time.

2. This causes a massive contraction in the money supply because of the liquidation of loans.

3. This creates a rapid fall in prices. This bankrupts people throughout the economy because their property sharply declines in value but their debt remains fixed.

4. This all leads to spending contractions, bankruptcies, investment stopping, layoffs, unemployment, and hunger.

[FightGlobalPoverty]

All of this happened in the Great Depression. Our economy kept contracting for four years until FDR finally stopped the bank panics. We had a huge fall in prices and unemployment hit 32% in 1933.

[LaRoucheisright]

We need to put the banks under bankrupcy protection, not bail them out. We cannot bail out the system. which does not mean we must suffer more. Plan "B" can be found on my channel. But better o go to larouchepacdotcom

[MillionthUsername]

"Wait till Condie gets home!"

I think maybe N. Korea was just testing one of those defensive systems to protect against an errant missile from Iran. That's the explanation the State Dept. likes to give for putting missiles in Poland, so...

I liked the spooky bit! Yeah, Bernanke is fast approaching central banker nirvana - the negative interest rate. Actually, I'm sure it already is negative since real inflation is double-digit. It COSTS MORE to HOLD CASH than to BORROW @ fed rate! Lovely.

[ZamolxisReborn]

i would love octoberfest w/ you.

[abilityoflove]

Thank you taxpayers, I've got the money, hooray!!!

My 4 million dollars cruiser kind of sucks, it is a cheap one after all...

[darkkittycry]

MARIO BROTHERS STAR FTW!

[jdjdbig]

Congress f#*cked up and it seems quite clear

They've made the problem even more severe

The end of the world as we know it is near

So let's go to Octoberfest and have a beer

[redbrest]

And again a great job, Thanks girl. Lv Ya

[shlitser]

Löwenbräu tent was great,just don´t go on the rides after you drink...........fun park and beer hahahah crazy germans.

[missjo5ie]

*favorites* This is one of my favorites! Love the reference to SuperMarioBros :)

[brighton4410]

Wake me when its over.........

[Zarbod]

Do you think the Yellow Sea will return fire?

[ddlsr]

No way. There's a reason they call it Yellow.

[Zarbod]

I knew it!

[acer42a]

In march so many told the Government we needed help, and the government did not do any thing so lets wait for the market hit 7534.18.

[rpippin]

This is by far the most entertaining way to receive the (G)news!

[thoxbui]

Wow, low angle low-key lighting for evil effect! It's as if Alfred Hitchcock is directing The Gnooze.

[44MONTEREY]

Greeting: When you did that. "I'm the financial crisis ..." thing well, I thought about Sept 9th, 2001, and Colin Powell storming out of the peace conference with Arab states because 'we don't talk to terrorist' and Bin Ladin replying he was going to destroy our economy. You looked like that thought. Excellent There is no gnooze but good gnooze

[gitarzero2]

Octoberfest as in the one in Wisconsin?

[qiranger]

Marta and Beer!!!!! Have fun!

[jamminjago]

Due to the mario reference, I now officially love you

[hounddog21]

How can you be going to "Oktoberfest" at the end of this month(October)? Oktoberfest is held at the end of September? Halloween is at the end of October.

[seanpdaly]

I have not bought a news paper for 6 years and I don't watch TV! Your news is the only news I have watched and I love it ( content excluded!)

[HaleyMary]

lol. That whistling part was great.

Oktober fest sounds awesome. Show some pictures of the event in a later video if you can. :)

[lyricguy1984]

Got to say the gnooze was hilarious today. Specially the part about the N. Korea reportedly fires missile.

[thegubment]

Yes! Oktoberfest is awesome!

[mayor600]

Yay Marta.. Looks like the UK could be declaring another Cod War with Iceland. Those naughty Icelandic banks took all our local government money and wont give it back. So HMG have used powers under the Terrorism Act to freeze the assets Icelandic companies in the UK (no pun intended). Next stop Reykjavik.....makes a change from Kabul.

[mike8494]

Cool Marta your the best ***** stars to you :-) Mike..

[geekyvince]

I liked your pantamime with the missile bit.

[FightGlobalPoverty]

Sweden stopped a similar financial crisis in the 1990s in a way that punished the people responsible for the mess. This isn't an excuse for allowing our financial system to collapse.

It nationalized its financial sector in a way that 1) forced the shareholders to take the losses and 2) protected depositors like you and me.

Please google the NY Times article *Stopping the Financial Crisis the Swedish Way.*

[FightGlobalPoverty]

.

.

.

[FightGlobalPoverty]

We have to stop this financial collapse. We are all going to be wiped out.

The elderly have already lost 20% of their retirement savings in the last year. This is just the beginning.

The elderly lost $1 trillion in three months.

[TimberGeek]

That's what ravensky's 401k had dropped prior to today... I suspect my equivilent account has gone about the same.

[FightGlobalPoverty]

*Retirement accounts have lost $2 trillion so far*

Yahoo News

*Americans' retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value

Orszag indicated the fear is well-founded. Public and private pension funds and employees' private retirement savings accounts — like 401(k)'s — lost about 10 percent between the middle of 2007 and the middle of this year, and lost another 10 percent just in the past three months, he estimated.*

[rain8a]

dude i can't believe AIG spent that much money on a freakin' spa... gay!

[Liribaenz]

So you're going to a Oktoberfest somewhere in California, don't you? Cause the real one in Munich in Germany is already over.

Prost! Student81

[holobot]

Is the incumbent United States Government spending billions of dollars to shore up the ecomony so that they don't look bad before the election?

Isn't that kinda sorta like buying votes with borrowed money?

[scottmhoward]

You should do the gnooze from oktoberfest!!!!! =D

[freezombie]

hate to break it to you, but oktoberfest is in september. See you there next year ?

Love the show

Cheers from Germany

[thegubment]

Hah, this is true... but in Amerikkka we have to do everything different unfortunately. Most of the festivals here all run in October. Occasionally there is one in September. It's all kind of like the metric and standard us system of measurement.

[idahophil]

You are absolutely hysterical... great show

[boundless1986]

did Marta color her hair?

[cellardoor70]

Are u really going to oktoberfest in germany?! dats really cool!

[wascas15]

wow great job....

"and the financial crisis was all like muh hahaha"

classic. well which oktoberfest are you going to go to?

youknow...cuz im kinda the unofficial american lieson to oktoberfesting...haha

great vid

[FightGlobalPoverty]

Sweden stopped a similar crisis in the early 1990s. Britain is now taking serious measures.

The US is waiting until it is too late to take similar action because most people will not realize how devastating this is until after the collapse causes the severe monetary contraction.

[KlaxonCow]

Hi, I noticed your username there, FightGlobalPoverty.

You might be interested to go to Google video and search on "Zeitgeist Addendum".

It's a 2 hour documentary that examines what's currently wrong with the way the world works - that poverty existing is somewhat "built-in" to the system itself - and then proposes a different way of doing things.

You might find it all very interesting indeed. :D

[FightGlobalPoverty]

Hi Klaxon, thanks a lot for the tip.

I have been watching Paul Krugman's blog. He is a famous economist that warned about this financial panic in April.

Paul Krugman thinks we have to very strongly act within the next few days or it may be too late.

[MillionthUsername]

What's left to do - take over McDonald's?

I'm sure the fascists put that in their banker bill too.

[FightGlobalPoverty]

I think it is a lot more fascist to allow the global financial system to collapse so that millions of people may starve in the streets all over the world.

The government needs to temporarily intervene in major economic, military, and natural disasters.

Britain has already temporarily nationalized its financial sector and the US will need to also.

Financial institutions are different than McDonalds because they cause severe contractions in the monetary system when loans are liquidated.

[MillionthUsername]

If they were concerned about the people, they wouldn't be shoveling trillions of "dollars" into the failed banks. They would allow the contraction to happen as it must so that all of that garbage gets flushed out.

It is FALSE to claim that credit will disappear. The Fed can conjure its money magic for the benefit of the SOLVENT banks if need be. The world can survive without Goldman or JP Morgan or whoever else foolishly bet on junk paper. We don't need them. Dead weight.

[MillionthUsername]

That Zeitgeist Addendum is a load of crap. Preaching the utopia of technocracy. You gotta love the zeitgeist of Zeitgeist: Everything is a lie - except the crap that we push! : )

[johnnyfnhollywood]

Wanna go drinkin' & Maybe watch "Related videos"

[BladeZofSorrow]

even if you have the mario star you can still die if you fall down a pit..... soo..... we should dig a giant pit and throw all our money down it...

[KlaxonCow]

Flawless logic.

[halizzle]

Marta, I noticed every John McCain "MY FRIENDS" in the debate because of YOU. I counted fourteen and then got bored. :D

[rhymingwithoranges]

loving the mario star reference

[SonomaDave1]

A lot of the problem is about trust. Trust in George W., trust in Govt., trust in banks and financial institutions, and trust in the "ins." No one trusts anymore, and for good reason. The media has made of wary of everyone except for them (the mediaites). Fortunately Marta has been under their radar. And we only trust Marta to help us out of this mess.  U go girl! We is countin on ya.

[knutervalve64]

when Cern fires two subatomic particles in opposite directions which has never been done be4ore possibly, resolving world wide bailout for everyone

[djbuck1]

AIG . . . like a pig coming back to the trough, over and over and over again. *REET!!* (That's the sound of the American Taxpayer taking the pipe, not AIG!)

[Sultadashin]

Octoberfest??? Are you going to Germany?

[seivren]

I'll probably be there.

[nightie82]

absolutely fantastic :)

[thizizliz]

Trick or Treat for Wall Street. Isn't it fun?

[RRSAlabama]

Maybe the Global Financial Crisis is Unicron from Transformers.

[Blargaldalien]

Hello,Marta. Re:

Global financial crisis,It seems as if throwing money at the problem,makes it worse?

North Korean missile testing,Better that,massed horde army maneuvers across the 39th parralelle.

More AIG money,where will they go to celebrate THIS time?

5 stars.

[spankmealotus]

"Just wait until Condie gets home." Marta...oh you know.

[hypnofan35]

The Mega Rich are running the table. The only real answer is to dress them up like baby Harpe seals, then club them and steal their pelts to sell at the fur coat store. That might work.

[jx14aby]

I'm not sure, but the idea sures wins for most creative.

[Loreki]

That's it! I think I've solved it. If the global financial crisis is an evil supervillian, what we need is James Bond not bailouts! Oh but he's blond and a bit shit now isn't he? Damn...

Oh well. We're screwed.

[godlyfighter]

We can always call in the Green Lantern Corps. Even if you kill them, their rings just find replacements. They just keep coming back!

[croat12]

hahahahhahaahahahahahahhahahah­aaah

Brilliant!!!