Worst Case: The Day The Dollar Falls Part 2/6

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

[jisangNY1]

The national debt is now $12 Trillion dollars, up from 7 Trillion when this programmed was aired. Ridiculous. Absolutely ridiculous.

[JOHNNYH8STHENWO]

Obama won't be able to fix this. I'm American and I'm getting ready for the worst. I never had a credit card, never had to pay a mortgage and never took a loan from a bank so I would like to think of myself as exempt from what the stupid ones did to ruin our economy.

[AtomicHoosier]

@surcophniot28 Fuck that man. I work my ass off every day to make a living. I pay my bills. My government did this not me!

[TWSceptic]

@ScrapGoldBass Americans mostly work in retail and services, too little production to support the economy. Production moved to Asia because stupid government added too much regulation, taxes and no freedom in wages.

[TWSceptic]

@MaikyGFD And will be 16 soon. Just crazy, this is going to collapse no doubt.

[MaikyGFD]

@jisangNY1 Now it's $15 trillion :)

[lgarvey1979]

@jisangNY1 Now 14 trillion dollars and accelerating

[alex630710]

@ScrapGoldBass

Americans buy chinese goods on credit while the Chinese produce goods and save.

Who own who ?

[ScrapGoldBass]

I dont get the anology of the asians and the american on the island. Americans acually work long hours-and yes we are fat--from eating crappy food. In America, healthy food is expensive-believe it or not. Someone explain this analogy, please.

[surcophniot28]

American's you made your bed. Lie in it. You selfish morons p.s Posted by an American

[artsnflies]

Pres. Clinton did NOT create a surplus. It was a PROJECTED surplus over a decade IF this-that-something else happened. The projections assumed ever growing tax revenues, ever growing employment, low interest rates - basically rosey conditions forever. Under those circumstances who couldn't run a surplus?! But there was no miracle of a surplus sudden appearing in Pres. Clinton's treasury. That's a myth.

[billy123174]

dutch hay,