The economic crisis explained
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Uploaded by colony14 on Oct 4, 2008
www.colony14.net campaign ad explaining the economic crisis and how it was caused by the government
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Uploader Comments (colony14)
All Comments (131)
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WOW!!!!!
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Do a little homework and you'll see what a one sided BS account this is of the crisis.
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good one , thanks for posting !
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This is exactly what happened to the housing market but maybe only half to blame for our current economic situation. Pretty much everything is spot on and I know for a fact that it is because I worked in home lending for 5-6 years during this exact timeline. I was aware of all this as it was going on because it was my job to know and knowing made me alot of money as well as enabling me to cut & run at the right time.
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not bad for something pulled out of thin air.
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@neobootsonious sorry dude, never have and never will. Too much book smarts and a shit load of street smarts to add with it.
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all this left vs right rhetoric only serves to further divide us...
this video explains the housing bubble well... and this is what happens when govt interferes with capitalism... however the "housing bubble" is NOT the core of this crisis... unsound money IS. We must get over our petty differences and realize that we are all victims of a gigantic ponzi scheme... rich or poor... we are all in on this together... peace and love
nuffbullshit 1 year ago
An excellent point... if the Federal Reserve had not been printing money like crazy since 1913 there would never have been any bubbles to burst. The "economic cycles" of boom and bust are not naturally occurring economic phenomena, they are government-induced. Without all the money-printing one could still buy a house for $25,000 and an automobile for $2,500.
colony14 1 year ago
Chinese might lose its $ 500 billion from US
frankqio 1 year ago
Naw, the Chinese will get their money back... but with absolutely worthless paper dollars being printed by Ben Bernanke for Obama.
Buy gold!
colony14 1 year ago