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The economic decline of the West: Part 1.1 - Introduction

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Uploaded by on Dec 7, 2009

Jon Moynihan, Chairman of PA Consulting Group's keynote speech to the MIT Club of Germany in Frankfurt on October 10, 2009, covering financial crisis, causes, implications and desirable actions. Follow on from Jan 22 speech in London.

Part 1.1: Introduction

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  • Good stuff in these.

  • Now our demise will come from derivatives and if people don't understand this please look for video's or text of the part's that are now in that category. The credit cards where pre thought out to capture America as we are told that spending will get us out of debt from the people who make it from nothing; get that amount back; and the interest on that money. So we are paying for a non value as it is made from air and the stripping of our resources such that we cannot work out of it. WAKE UP.

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