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How's The Economy Really Doin?
Peter Schiff
While the markets rise and big banks set record profits by charging higher fees and borrowing from The Fed at close to 0%, then lending that money back to the U.S. gov't at 2-3% to finance the swelling national debt, the rest of the economy continues to rot....
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The Financial Meltdown
Truth Dig
Excellent video presentation outlines the history of The Meltdown from 1929 to present. Includes newspaper headlines from the 1930s, FDR speech and how Clinton & Bush unraveled all the financial protections enacted in the 30s to clear the way for the present catastrophe.
Sold Out
Wall Street Watch
New report explains The Crash in crystal clear terms: over $5bil in lobbying and campaign donations from Wall St. to Washingtion = 12 key steps to deregulate the financial sector = The Crash of 2009. This report outlines which firms gave how much to who for lobbying, and the laws that were subsequently changed as a result...
...Agenda For A New Economy
David Korten
Excellent new book goes beyond the cause of the economic collapse, and straight to the solution—which involves the end of capitalism as we now know it. The main premise is that capitalism has reached a critical point, where it now creates more phantom, or financial wealth, than real wealth from manufacturing and construction as it once did. It goes on to consider the costs of this phantom wealth to our environment and communities, and finally suggests that we incorporate these other social costs into a new economy of real wealth...
Crash Course
Chris Martenson
Fascinating video presentation that looks at the modern economy and its inevitable crash. It explains things the govt never wants you to understand—like the way they have been manipulating economic & environmental data for years. It goes on to show that the west is running unsustainable levels of debt at the same time that its running dangeroulsy low on oil, water and a other vital resources. The conlusion is that we are at the end of an era and must find a new way to do things, or risk the consequences of unimagineable economic and environmental destruction in the near future
Money as Debt
Paul GrignonA must-see video for anyone who wants to understand the economic crisis & what to do about it. And its a cartoon. In only 47 mins. it will teach you more about the banking system and all the debt it perpetuates than you ever learned in all your years of school. The basic idea is that all money is debt, and the only way to keep the beast alive is to feed it–with more & more debt...
Bad Money
Kevin Phillips
Many top economists have predicted a looming economic depression in the U.S–far deeper, perhaps, than in 1929. This book puts it all into perspective with solid facts on America's debt service (highest since 1929), its REAL income level (lowest since the 70sl) & the way the government manipulates economic data...
...U.S Debt/GDP
National Debt
A.K. Mourningstar
Yes, that's trillion. But the alarming size of the debt is only part of the story. Another key but less obvious aspect of this story has to do with this graph: U.S. National Debt/GDP (thats gov't debt, not total). The red sections, which show the greatest expansion of debt, are during the Republican Reagan and Bush Boys eras (so much for small government). But the Republicans were never really for small governement. They were for small benefits for citizens and big government spending on military-industrial projects...