Inside the Collapse ( 60 Minutes)
Submitted by Perry911 on Mon, 03/15/2010 - 16:39
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I got around to watching this last night
and it was WELL worth watching. Despite having to put up with the commercials, it was an excellent and easy to understand expose on how the financial mess occurred, why there is no end in sight and is probably uncurable. Prepare to be really p***ed off.
E-mail yourself the link and watch it when you have some time.
Does the video...
delve into the $1 QUADRILLION of non-mortgage derivatives and securities associated time-wise with the mortgage crisis?
And what about the NEW $1 QUADRILLION of derivatives and securities created in the last two years to "save Europe"?
.
"Wobbles but doesn't fall down" - weebles
No,
they only talk about the paltry $1.75 Trillion. The Quadrillion story is for another time. Yikes!
I think...
if the story could be articulated to the average joe of how the banksters created 20 times the global GDP and stuffed it inside people's retirement accounts and is a ticking time-bomb still waiting to go off then there would be instant revolution.
But then again, I think many people have the ability to understand but they just don't want to believe it.
.
"Wobbles but doesn't fall down" - weebles
Denial
is the theme of our times. "It can never happen to us". That is what the Romans thought, the Spaniards thought, the British thought, the Soviets thought and on and on. We were "special" until the ink was almost dry on the Constitution.
Nice of them to mention
Ron Paul and Peter Schiff :-[
THEY DIDN'T!
New Hampshire and Ecuador