The Greater Depression: Economic Rescue Cannot Work
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Uploaded by TheSmooveZ on Feb 18, 2009
The Greater Depression: Why U.S. Government Economic Rescue Attempts Cannot Work. This video does not laud or disparage the economic stimulus packages enacted by the U.S. Government. It simply compares the volume of debt held in the Global Derivatives Market to the amount of economic stimulus that has been pledged by the United States thus far. It seems to indicate that the attempts at fighting off an impending global depression just cannot be won.
Documents used for this video can be found at:
U.S. Comptroller of the Currency
http://www.occ.gov/deriv/deriv.htm
The International Bank of Settlements
http://www.bis.org/statistics/derstats.htm
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Somehow they think it can, but obviously it is impossible :S
sderenzi 3 years ago