The Crisis of Credit Visualized - Part 2

6 stars!! such a great video and solidifies the reason why i got out of financials as a career.

*sighs.

Was it Karl Marx that said in regards to capitalism, "Give them enough rope, and they'll hang themseves"?

brilliant video!

mistaspot1: Maintaining the world hegemony has nothing to do with capitalism (the same was done by communist countries and feudal monarchies). Any empire strive to exert control, no matter what political-economical system it adheres to. Capitalistic (free-market) scenario is generally a good choce beacause it helps to keep economy going and raise morale of citizens.

Very nice explanation of where we are now. Good job on maintaining your focus and not giving up by trying to cover everything. I'm sure it was tough to decide what to explain and what to not go into. A great conversation starter. It's brought up some areas for me to look into further!

mistaspot1 Google "bigfoot" see if you learn anything! Or maybe you will just expose your brain to a bunch of wackos!
Google "do bears S**t in the woods."

Google is not a source, it simply delivers everything it can find crap or not.

You are right greedy people made communism popular.
People wiling to work hard to support there family's need to identify the brokers of greed. (DEm's and REP's) and vote them out. Thats real Change!

And don't forget Bigfoot that evil bastard is making out like a bandit.
He is the one that taught OBL how to hide!

It's not so much money that is lost, it is value. If your house has less value than the loan amount you promised to pay back to the bank, you have a problem. Normally the free market will work it all out, banks will take your house (ouch) but you can now buy your neighbors house at what the bank is forced to sell it for (cool beans)! Well thats the way it was supposed to work, now we will just have a depression (in about 6-7 years) that will make this look like a walk in the park.

I'm speaking of pure laissez-faire Capitalism, i.e., complete separation of state from economics, education and religion. America was the closest to this ideal in its founding principles but has been rapidly deteriorating since. A system as such leaves no possibility for any man to serve his own interests by enslaving other men because the rights of life, liberty and property are fundamentally protected.

Blame whatever on the structure of our current economy, but its not Capitalism.