History | Financial Crisis of October 2008

* We made this video as the Dow plunged Friday, many expecting a global recession to take shape in the coming months. This is our video montage portraying the zeitgeist.

*As part of our ongoing experiment, we tried out audio layering and effects with this video. Photos are courtesy of USA today (which is of course, a secondary source, the primary sources are either getty images or reuters photos), and reporter soundclips are courtesy of NBC Nightly News, except for of course, George Bush and the virtual voice sounds we created with the help of Mike.

**With the housing morgage crisis, financial turmoil and the stock market on freefall, much to the likes of September 1929, a global recession and a second coming of the Great Depression and its followup, known to many as the war to end all wars, seems not too much unlikely. As citizens living through this troubling times, we decided to make a zeitgeist video, a much heavier note compared to the music videos we've been re-editing so far. Whether it gets positive reception or not, it's pretty much up to whether people would search for videos about the Dow Jones Plunge on Youtube.

***Oh, and on a personal note, we're not invested in any hedge fund whatsoever, so please don't comment that we tried to make the stock plummet look too dramatic; and, we also would like to clarify that the Great Depression wasn't the single contributing factor to WWII, but rather a part of a sequence of event that eventually led up to it, though agreeably quite significant.

Category:

Film & Animation

Tags:

• financial
• crisis
• october
• 2008
• global
• recession
• great
• depression
• stock
• market
• crash
• dow
• jones
• plunge
• world
• war
• future
• george
• bush
• barack
• obama
• john
• mccain
• treasury
• fed
• federal
• reserve
• economic
• turmoil
• meltdown
• ben
• bernanke
• henry
• paulson
• condi
• rice
• taro
• aso
• america
• nyse
• lehman
• mortgage
• samuel
• barber
• adagio
• for
• strings
• zeitgeist
• ww2
• wwii
• ww3
• wwiii
• mass
• destruction
• dpversion

[chutubeme]

cool now we can put stuff like 2:11 and it goes to the link

[devigne]

thanks for letting me know, that's awesome!

[clj29360]

Great video!

[devigne]

thanks clj29360

[moderndarkage]

At 2:44 & 2:53 everyone has a somber facial expression, except Bernanke. He looks almost content, could this be because the world is selling its soul to the central banks? Remember, The Fed operates by "the golden rule"; 'he who owns the gold makes the rules.'

[devigne]

Smirk or no smirk, in all fairness, we'd have to wait and see how Bernanke describes his feelings about this crisis in his future autobiography. I'm reading Greenspan's (only 136 pages in at the moment) and hope Ben writes down some memos so that he won't describe this historical situation so "matter-of-factly" as his predecessor would have.

[bedooralhenawi]

i liked it :)

[TheMostAwesomeMan242]

is this economic crisis still occuring today or are we recovering from it?

[Parad0xDJ]

Great Video. It was very moving and I learned a few things.

P.S.- What SONG was playing in this video?

Please let me know! thanks!

[Te3k]

So you've put miscellaneous sound-bytes to a sad tune and added provocative images - I suppose you're making an artistic statement?

[icommentOnYT]

that's not true the Stock Market hasn't lost 18% in market value in just 1 day in the year 2008.

Sure it has lost over 35% in market value, but it has lost all that value thoughout the course of the entire year 2008.

It didn't lost it all in just 1 day.

& the same is with Unemployment in the U.S which is right now at a whopping 6.7%!

The worst since 1974!

But it didn't happened overnight.