Martin Wolf: The Financial Crisis -1/5

Martin Wolf - Associate Editor and Chief Economics Commentator for the highly regarded Financial Times as well as the author of the acclaimed "Fixing Global Finance" - provides a solid overview of the current financial and economic crisis. He discusses at length: (a) forces unleashed by the Asian financial crisis of 1997-98; (b) role of these forces in generating massive asset bubbles in the developed world; (c) US and Asian perceptions of the reliability of capital markets and exchange rate mechanisms; (d) America's handling of the financial crisis since summer of 2007, (e) the range of solutions - including nationalization - available to Western policy markers; (f) comparison of the current crisis with Japan's "lost decade" and the Great Depression; and (g) the likely reduction in American power as a result of the current financial crisis. This interview was recorded in February 2009.

PLEASE READ MY COMMENTS ON THE VIDEO BEFORE WATCHING.

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[CircumSquare]

Wait! Harry Kreisler forgot to ask his patented second question: "Looking back, how do you think your parents influenced your thinking?" Although, the question is hardly relevant in this context.

[AwakenAmerica]

Giving absolute world power to a small, unelected group of people, as the nwo is, creates absolute dictatorship. 

They are already ruling in the shadows, instigating wars and coups for more control. The US needs to stop meddling in other countries, but the nwo is controlling it and won't let it end its warmongering, imperialistic foreign policies.