December, 2009

RECESSION / THE FINANCIAL CRISIS — 1 Comment
28
Dec 09

Why is the current recession different from past financial crises?

A word from the writer of the film CRISIS BY DESIGN

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QUESTION: Why is the current recession different from past financial crises?

We have a seismic shift here. This is not an ordinary depression – recession – call it what you will. This was a created financial catastrophe. The thing that might be difficult for some people to deal with – to confront – is the fact that it was created. And that’s a matter of really looking at the research. It’s actually a matter of looking at what occurred. Not listening to all the talking heads.
‘Cause CNN, MSNBC, FOX – it doesn’t make any difference. They’re full of people with opinions. But opinions and $3.25 will get you a “Grandé Decaf Latte” at Starbucks. What you have to do is look at what’s occurring, what’s actually occurring. And the fact of the matter is, is that the fiscal autonomy of the United States has been not only compromised, but has officially been dished off to another international agency.

THE FINANCIAL CRISIS — No Comments
11
Dec 09

A bunch of greedy Wall Street types that let things get out of hand

A word from the writer of the film CRISIS BY DESIGN

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QUESTION: Aren’t we talking about a bunch of greedy Wall Street types that let things get out of hand?

Things did get out of hand. People did take advantage of it. But the things getting out of hand were planned. They were strategized. And it was well known that greed factor would take over. And it did. But it was, that greed factor was intended to bring about a certain result. And it did. But it wasn’t just the greed appeared out of nowhere.

This is – I repeat – a crisis by design. So, the people running the show kind of pointed these folks in this direction, knowing that they were throwing blood in the water to the sharks. And surprise, surprise. The sharks went after it.