What the Worldwide Crash Looks Like (Video)

[michaelwise]

The Federal Reserve is to Blame for the Worst Economic Collapse of All Time
YouTube - The Federal Reserve is to Blame for the Worst Economic Collapse of All Time (http://www.youtube.com/watch?v=6butfe1f9Hg)

Greek Protests 2010 (NWO SOCIETY SERIES/ Financial Crisis, Debt, Civil Unrest & Poverty)
YouTube - Greek Protests 2010 (NWO SOCIETY SERIES/ Financial Crisis, Debt, Civil Unrest & Poverty) (http://www.youtube.com/watch?v=iXr0A9MB83w)

Revolution day 2 in Iceland
YouTube - Revolution day 2 in Iceland (http://www.youtube.com/watch?v=GlQg9qf3VVw)

[eric_cartman]

i really like that first video. is that from an old movie or something?

[michaelwise]

i really like that first video. is that from an old movie or something?

It's from the 1990 movie Rollover.

[eric_cartman]

i found this video that takes clips from rollover and puts it together with clips from our modern financial crisis.

YouTube - Rollover 1981... world economic collapse (http://www.youtube.com/watch?v=GPYLJoq_40Y)

also, do we know who caused the run on the money market accounts that paul kanjorski was talking about?

[Bruno]

also, do we know who caused the run on the money market accounts that paul kanjorski was talking about?

No, not to my knowledge. The question that refuses to get asked in Congress. I wonder if Paul has asked it before during committee meetings?

[eric_cartman]

No, not to my knowledge. The question that refuses to get asked in Congress. I wonder if Paul has asked it before during committee meetings?

i remembered that someone posted this question in the forums a couple months ago... i don't know if we ever found an answer

[eric_cartman]

'Buck-breaking' money market mutual fund returns initial $26B
http://abcnews.go.com/Business/story?id=6162996&page=1


A money-market mutual fund that "broke the buck" amid a rush of orders to pull out cash has begun returning an initial $26 billion to investors who had been unable to access their money for more than a month.

The first in an unspecified number of distributions from the Reserve Primary Fund began Thursday with checks being mailed to retail-direct shareholders, Reserve Management Co. said. Payments to all other shareholders will be made by wire on Friday.

Each investor is getting about half their current account balance, the company said. It said all investors are being treated the same, whether or not they tendered redemption orders, and that the payout is being done on a pro-rata basis.

"This distribution marks a significant step in the process of liquidating the Primary Fund and distributing money back to shareholders," Reserve Management Co. President Bruce R. Bent said in a statement. "We are committed to making future distributions when more cash becomes available."

The fund had total assets of about $51 billion as of Sept. 30. It held $64 billion in assets on Sept. 12, before a soured investment in Lehman Brothers debt triggered a rush of institutional investors pulling out cash.

On Sept. 16, the rapid sell-off of assets caused the value of fund assets to fall to 97 cents for each investor dollar put in — the first instance in 14 years of a money-market mutual fund "breaking the buck," or having its per-share value fall below $1.

Reserve Management froze redemption orders. That led institutional investors to pull out cash from that fund and others, creating fears about the safety of the $3.4 trillion in assets held in money-market funds, and a new temporary government money fund guarantee program.

Reserve Management said it is "focused on liquidating the fund's holdings at amortized cost as quickly as possible."

[FrankRep]

Don't worry, the IMF will save us! :(

International Monetary Fund wants to be the Federal Reserve of the World
http://www.ronpaulforums.com/showthread.php?t=233591

[LibertarianfromGermany]

I hope for the first video. Then everyone will see how fucked up fiat money is.

[eric_cartman]

the first video actually seems to simulate a deflationary collapse in combination with a falling U.S. dollar, and rising gold... is this possible?