Overdose: The Next Financial Crisis

[JackieDan]

I thought it would be good to share this documentary here on the forums.

YouTube - Overdose: The Next Financial Crisis

Worth watching!

[Seraphim]

It's already been posted, but yes it is very worth watching.

Most people on these forums are well aware of the premise of the documentary, so sharing it with people you care about and are interested in safeguarding their future is a good idea.

I mean, most people would rather stick their head in the sand, but I think even that is changing. People seem to be more willing to question and figure out what's really going on then even just a couple of years ago.

[hugolp]

It's already been posted, but yes it is very worth watching.

Most people on these forums are well aware of the premise of the documentary, so sharing it with people you care about and are interested in safeguarding their future is a good idea.

I mean, most people would rather stick their head in the sand, but I think even that is changing. People seem to be more willing to question and figure out what's really going on then even just a couple of years ago.

People did not believe inflation was coming. The media was talking all the time about deflation, deflation, deflation... But now everybody feels inflation is coming and people is starting to question.

[Seraphim]

People did not believe inflation was coming. The media was talking all the time about deflation, deflation, deflation... But now everybody feels inflation is coming and people is starting to question.

Yup.

Additionally the CPI numbers that are manipulated to serve the GOVT will also come into question.

The inflation numbers will read for example; 4% overall...But when people's food bill is 20% higher then only a year ago they will start to realize CPI numbers etc GROSSLY over weight things like TV's (which typically fall in price as production get's better).

Stagflation is going to be horrendous in the next decade.

[Travlyr]

Speech
Chairman Ben S. Bernanke
At the Annual Meeting of the Rhode Island Public Expenditure Council, Providence, Rhode Island
October 4, 2010

Fiscal Sustainability and Fiscal Rules

http://federalreserve.gov/newsevents...e20101004a.htm

Conclusion
Today I have highlighted our nation's fiscal challenges. In the past few years, the recession and the financial crisis, along with the policy actions taken to buffer their effects, have eroded our fiscal situation. An improving economy should reduce near-term deficits, but our public finances are nevertheless on an unsustainable path in the longer term, reflecting in large part our aging population and the continual rise in health-care costs. We should not underestimate these fiscal challenges; failing to respond to them would endanger our economic future.

[presence]

With the US raising their debt ceiling, are we in a global bail-out bubble that will eventually burst? This doc offers a fresh insight into the greatest economic crisis of our age: the one still awaiting us.

The financial storm that has rocked the world began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. When it all went wrong the government promised the biggest financial stimulus packages in history and gargantuan bailouts. But what crazed logic is that: propping up debt with more debt? "They're giving alcohol to a drunk: it just sets him up for a bigger hangover."

July 2010

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