"Make-Believe Economy" -American Insolvency

***Note*** 9/24/08
Wow, how much has changed in the period of a year. Few may remember, but at the time I had made this film, NO ONE was talking about recession, much less a crash. "Experts" on CNN were debating wether a recession might happen 10 years down the road, not seeing it was right around the corner. All the politicians were spitting out rhetoric on how robust and how resilient the American Economy is. Now they claim that "It was clear for a long time that this was going to happen". Bullshit. And now, the best solution they can muster is to give more taxpayer money to the same Corporate predators who became multi-millionaires by feeding on the hopes, dreams, and ambitions of American people. Brilliant! This is a sad day for America, but I fear the saddest is yet to come. Good luck to you and your home.

*******Original Text*******
As a result of our financial promiscuity, America could face economic threats more imminent than terrorist attacks or even global warming. This is my personal assessment of the financial dilemmas that our nation, in its infinite wisdom, has placed itself in.

Alas, human mass society is the most intelligent and the most ignorant organism all in the same moment.

(This is an abbreviated version of the 2-part original made in late spring 08. Also, I accelerated the film to save the viewer some time. - Please pardon if I sound like Alvin the chipmunk. Take care.)

Category:

News & Politics

Tags:

• Corporate
• Bailout
• Trillion
• Billion
• Economy
• Investing
• Speculation
• Stock
• debt
• 1929
• Market
• Crash
• Trade
• America
• USA
• recession

[losonti]

Why'd you speed the video up? The pitch change is a little disconcerting.

[backwillow]

Fair enough. I do believe I over-accelerated the vid. The original video was a convoluted 2-part series. One of the vids was 9 min and the other was 10 min. So I cut some pieces out, made one vid, and accelerated the footage to chop off a whole 8 min from the film. This attempt was not without side-effects.

[backwillow]

I agree that slavery was one of the darkest and most unfortunate aspects of American history. However, the invention and the use of the cotton gin exemplifies the fact that human slavery can never accomplish what human creativity can achieve. Slavery is an unfortunate aspect of our history, but it is not the quintessential source of our prosperity.

[paulandrea89]

Wow. I dont know if I am impressed about your quick response or saddened about the fact that you have no life.

[backwillow]

Oh, be sad, be very sad.

[army2k08]

Good foresight.

[neanam]

i wish i had his wisdom back in 2007 i just woke up 9 months ago.... well im leaving this dump i cant do this anymore

[papeeboy]

great video,, the economy is really goin to shit,, but the question is not wat videos you can post to change the world,, the questions is what are you doin to preserve your wealth,, inflation is inevitable,,if your not prepared,, you need to prepare,, buy gold and silver!!! tangible assets!!! when the dollar declines these are goin to b the only things that are goin to go up in value,, everyone tht saw this video needs to listen,, its not bout pessimism,, its about preparation,, GREAT VID!!

[ahokalam]

Respect for everything you said, man, except for the part about belief in capitalism. When considering non-economical & non-financial factors & chain reactions to the realities of capitalism, I can't help but think of capitalism as a sociological cancer.

[sleepingwisemen]

good stuff...

sad but true.

[olseabee]

I agree with Mr T

The dominoes have been set up

WE have been setup!

Between all the immigrant labor the excess housing supply,, our means of production offshored to china and india.. And obama talking about building infrastructure,,

We'll be competing with the immigrants for highway jobs.. probly building trade routes from mexico to canada so we can eat

They do this every 80 years I guess

America has one thing going and that is Providence is with us

I know that as fact

[MrTinchler]

I'll say it again,,

What is really going to happen???

Wages will go down and so will home values crash and burn,, foreclosures will be rampant and we'll have a drawn out depression..

This is intentional

[MrTinchler]

"They could not "help" the market and let things crash quickly and start to grow again.."

But people will still have debt burdens that don't work and will end in foreclosure anyway

we need money without debt, yeah, like the constitution grants us

[MrTinchler]

Wages must go up or home prices must come down...

It's not the foreclosures

It's low wages and artificially inflated debt based home values that caused this crisis

What is really going to happen???

Wages will go down and so will home values crash and burn,, foreclosures will be rampant and we'll have a drawn out depression..

They could not "help" the market and let things crash quickly and start to grow again..

[MrTinchler]

Ya see, they will try to prop up the housing market and may sell off our country to foreigners...

Botom line on housing is that incomes must support home values and if they artificially support them,,, that will cause wages to go down even..

When home values finally do really plunge they will overshoot the bottom

I would keep my credit good and save money for the buying opportunity... If they do sell to foreign investors, won't they have to resell???

Globalism is crazy!!!