Worst Case: The Day The Dollar Falls Part 3/6

This is a Dutch (Netherlands) documentary from 2005. It is about a 'Worst Case' scenario where speculation on the currency exchange market plus a substantial sell-off of dollars from a hedge fund cause a chain reaction in the market, the economy and the political system.

I uploaded it as it is quiet astonishing what similarities the 'expected' events have - with what we have seen in the past months since the sub-prime mortgage market broke loose. Manufacturing (global economy/trade) came to an nearly grinding halt. And what we see right now (or will see) with quantitative easing/low interest rates in the US&UK or the debates what is the right and what is wrong approach. And what political tension it can create (as we have seen in the discussions and comments at Davos Jan 09).

Category:

Education

Tags:

• peter
• schiff
• dollar
• recession
• economy
• oil
• europe
• euro
• politics
• scenario
• planning
• gold
• trade
• global
• deficit
• saving
• USA
• US
• consumption
• asia
• Singapore
• speculation
• bubble
• house
• price
• market

[benallen12]

@TWSceptic You are correct in the fact that we are not too big to fail. We are too big to bail. You are incorrect in the assumption that we're all arrogant.

[TWSceptic]

@DeedsResearcher You are truly living in a dream world if you think the US is too big to fail. That mistake has already been made once, did you not learn from it? Typical Americans, always arrogant.

[Radu1137]

@energyalt56 they make only 5% not because they are not greedy but because thats how much they can make. we are all greedy and pursue our own self interests :))

[energyalt56]

@kosmicwizard u dumb fxxx, the world 5.5 billion ppls rely on Chinese goods.

Chinese luxuary goods full stock in big cities that you can not afoord to buy it

Quality vs price importer willing to pay

The Chinese are the most ungreedy merchant in the world, they only make a 5% profit margin.

u should apreciate what they do instead bashing, fxxx u, stupid

[AsGardSGO]

@DeedsResearcher Having a master in economics is not thé refference you hope it to be. It just only shows that you know how the complexity of the system works but it doesn't garuantee to show you how to the underlaying system works. Or you are simply blind to that, choosing to take part into it and not caring about the impact in ths short and long term

[kosmicwizard]

@salo73 +1, let me just add ... Not tons of crap from China.

[DeedsResearcher]

@filosofiamanga That's why I have a Masters in Economics, and you know nothing at all about the subject. 73%? You are out of your mind, junior. By the way, your buddies in the old Soviet Union were known as the USSR, not the URSS.. Seems to me that you don't know the meaning of the word "research".

Go back into your playpen, and do us a favor by staying there.

This "discussion" is terminated. You're going to be blocked, so I don't have to waste any time listening to your drivel.

[creepinson]

@DeedsResearcher You can plug your ears and sing as loudly as you like, but this is a real issue that requires real solutions. This problem goes much farther back than the Obama administration. If he is at fault it is because he has allowed this deeply corrupt and irresponsible system to continue to undermine economic stability around the world. Wake up and FACE your problems, or you will be the hardest hit when the United States finally does collapse under the weight of its own decadence.

[DeedsResearcher]

While the video is well done, it's also a scare tactic that the anti-Americans enjoy seeing.

Well, let's make this perfectly clear: America and our economy is NOT going to die. Even with the total mismanagement that Obama is showing to the world, America will remain strong. In 2 years (sooner if he's impeached and run out of office!), Obama will become a private citizen once again, and America will start to prosper once more.

[trakkaton]

The present money system is a time bomb. It needs to be abolished from below, with grassroot action. Flashmob bankruns. Regional barter. General strike.