Dispatches - Crash - How Long Will It Last.

[AFRIKTODAY]

The problem with our banking system is very simple: Legalized counterfeiting of money by the fractional reserve banking system that can pyramid deposit and leverage to the hilt. Non content of that totally immoral financial structure, the banks have been " given" a greencard that ensured them of being bailed out at the expense of the people in case of crisis. Who wouldn't want to take risk when one is ensured of being saved by the State? Remember: Capitalism is PROFIT AND LOSS!

[simplenametag]

I think its obvious that the top bankers knew exactly what they were doing as they made a complete killing and amassed incredible wealth from destroying their own firms and then getting even more money from individual nations payed for by the tax payers. They threatened to tank the economy if they were not bailed out and given their blessed compensations. They were the ONLY winners and now they have governments beholden to them.

[MrNOOBULATOR]

This documentary failed because they never asked the question: Who exactly is responsible and what was their punishment? The bankers (and owners/investors) walked away from the whole crisis with large bonuses/profits and the idea that their bank was too big to fail. No one was held accountable for their actions and decisions, no one was held responsible. The reaction to the financial crisis was a massive failure of justice, because there were no repercussions it will happen again.

[chillercm]

@MrNOOBULATOR the documentary is in two parts. the first part discusses accountablility with the whole bonus thing...but yea their punishment was a bonus. IMO people shouldnt be borrowing money for things they cant afford, cause that is what caused the crisis...

[hannahskm]

all because of greedy people...

[order9066]

The Bank of England centrally manages interest rates and makes the price of credit too cheap; just like the Federal Reserve.

[chillercm]

@order9066 yea 0.5% compared to the ecbs 1.25%. but its necessary to keep the money markets running in britain, especially since the pund continues to devalue itself. without the low interest rate you have very little encouragement to borrow and lend in a recession

[WeylandYutaniInc]

GBP/USD dropped from 2.000 in 15/09/08 to 1.422 on 19/01/09 almost 6,000 pips. I will forever remember it as a day i made my small fortune.

thanks BOE..lol

[benjiheads]

people got greedy they got to in debt with borrowing more on there homes then they could ever pay back, people should have taken it apon themselves to look at what they could aford to borrow and pay back ! people have blamed everyone else but them self... human nature the 1 trillion debt in the uk has all to do with what people had borrowed which they could never pay back Jo blow public period.. so now everyone else has to suffer for the greed of the jo blow public..and by the way

[ROTTIWORLD]

wanted.american dollars.willing to pay $.05 canadian.

[Doug8521]

whether you like it or not, markets correct themselves. Let the bankers go bankrupt and start from zero again. Corrections clean the economy

[mrmike803]

nice info great vid thanx!

[tigranvartanovitch]

"Take away the punchbowl before the party gets out of hand." What about the turds in the punchbowl?

[gibbo675]

First it was fancy goods, then clothing, electrical goods, light manufacturing, heavy manufacturing, agriculture, all offshored industries, all off to China.

Why any surprise that finance is now following along with all the money and all the gold?

It is the same for Europe, UK and US.

[dweber66]

more lies from the criminals explaining their crimes. Britain's London is the heart of the beast and the think-tank for this bullshit propoganda.

[dweber66]

@lazyd0g -- exactly, more lies, double-speak and propaganda the dumb mass sheeple eat up like hot cakes. You and I know they were stealing even more money from the taxpayer and giving it again to the criminal banks. when will we stop this?

[astifan1]

bank directors get enormous salarys,not just them but all directors in financial firms.it was considered that these ppl are extra smart and capable.now we see their intelect in full size.

what i would do is to edit their job contracts.i woult pun there a part that says that their salary depends on resoults of the firm.if firm has big earnings you get good salary.if firm is in loses then you must take your own money and give it to the firm.i think investions would be much more careful then

[slipcurve]

The best part is that it isn't even close to over.

[Tressco]

Hasn't really started yet...

[smasila]

"Free Markets about to collapse?" 6:18 into the vid LOL...it was never a free market!

[DeathOfTheDollar2010]

Great video!

AmericanSurvival101 dot com

[MrMaverickstar]

i hope all the banks go down in 2010 and tack the british goverment with them, SCUM BAGS ALL OF THEM !

[binky4647]

These bankers are not off the hook yet , judgement day will come for them all I hope.

[vivaloriflamme]

@binky4647 I envision something like a Star Chamber- as in the movie by that name.

[binky4647]

@vivaloriflamme Hi , havent seen this for awhile . At least 11 others would like to see the bankers get their just rewards.Havent seen that movie but if it ends up these banksters get to wear prison issue its got to be good.

Lets not forget that they were allowed to do this by the governments around the world.

Its a very dark hole of inept idiots.

Tax payer serfs are now paying for this greed by the few.

[Simonet25]

@binky4647  This is the downside of being an atheist, I think these scum of the earth have gotten away with it and will go to their graves with clean conscience. I would love to believe in an judgement day, I just can't do it no matter how much I want there to be one.

[TVScio]

@binky4647 History is cyclical...there's no escaping it. Rest assured they will get what's coming.

[binky4647]

@TVScio Lets hope so , on this earth first and secondly stoking coal in hell.

[TVScio]

@binky4647 Amen to that

[StormCloudsGathering]

It's bullshit when these guys say that no one had foreseen this. Lots of us foresaw the problem, but they weren't listening. They were the ones with their heads up their asses.

[kosai19]

@StormCloudsGathering

It's just the media pretending like it came out of nowhere to try and fuel the illusion of ignorance.

[b9yabberman]

@StormCloudsGathering  Amen to that!

[CP91311]

All things end badly or they would never end!

[LordoftheKaty]

With our fractional reserve system, the reason for this crisis, this will last for a loong time, and will be used by the globalist to bring in their NWO.