Meltdown - The Global Financial Crisis?

[Chronic]

This video is a little old but still just as good, very long. Enjoy!

The credit crunch
The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.

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Part 2




Part 3




Part 4




The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it's stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects. Australia's response to the global financial crisis - the first stimulus package
Australian prime minister Kevin Rudd and Treasurer Wayne Swan delivered their first budget in response to the global financial crisis, with the main objective being to fight inflation - a major problem in the local economy at the time.
The global financial crisis enters a new phase
The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it's stimulus packages aimed to jump-start the slowing economy.

The U.S. government proposed a $700 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis.

By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market.

In January of 2009 US President Obama proposed federal spending of around $1 trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.

[Honey]

Oh sugar!! I did watch this a few weeks ago. Totally got into it. Thanks for posting this again. It Is hard to post the long ones on here 'cause everyone is so busy.. but I think that they will really appreciate and like this one if they stick with it. I, myself, couldn't turn it off.

I know it is long... but very enlightening!!!

[Chronic]

(04-02-2012 07:12 PM)Honey Wrote:  Oh sugar!! I did watch this a few weeks ago. Totally got into it. Thanks for posting this again. It Is hard to post the long ones on here 'cause everyone is so busy.. but I think that they will really appreciate and like this one if they stick with it. I, myself, couldn't turn it off.

I know it is long... but very enlightening!!!

Thanks Honey... I didn't see it in the library so i figured better get it in there. I've seen it before too but its fun to play it over an over again till it really sinks in. Its great to be American aint it?

Looks like there is plenty of room for Part 5 and perhaps 6 shortly as the markets are get worse off. LOL

[Honey]

(04-02-2012 07:48 PM)Chronic Wrote:  

(04-02-2012 07:12 PM)Honey Wrote:  Oh sugar!! I did watch this a few weeks ago. Totally got into it. Thanks for posting this again. It Is hard to post the long ones on here 'cause everyone is so busy.. but I think that they will really appreciate and like this one if they stick with it. I, myself, couldn't turn it off.

I know it is long... but very enlightening!!!

Thanks Honey... I didn't see it in the library so i figured better get it in there. I've seen it before too but its fun to play it over an over again till it really sinks in. Its great to be American aint it?

Looks like there is plenty of room for Part 5 and perhaps 6 shortly as the markets are get worse off. LOL

Yeah... The big "finale". That's just what it looks like we will get! It's going to be a bumpy ride. I better watch "Airplane" again also.. just to keep my spirits up.!

"I picked a bad day to quit sniffing glue"..

[Chronic]

(04-02-2012 08:00 PM)Honey Wrote:  

(04-02-2012 07:48 PM)Chronic Wrote:  

(04-02-2012 07:12 PM)Honey Wrote:  Oh sugar!! I did watch this a few weeks ago. Totally got into it. Thanks for posting this again. It Is hard to post the long ones on here 'cause everyone is so busy.. but I think that they will really appreciate and like this one if they stick with it. I, myself, couldn't turn it off.

I know it is long... but very enlightening!!!

Thanks Honey... I didn't see it in the library so i figured better get it in there. I've seen it before too but its fun to play it over an over again till it really sinks in. Its great to be American aint it?

Looks like there is plenty of room for Part 5 and perhaps 6 shortly as the markets are get worse off. LOL

Yeah... The big "finale". That's just what it looks like we will get! It's going to be a bumpy ride. I better watch "Airplane" again also.. just to keep my spirits up.!

"I picked a bad day to quit sniffing glue"..

LOL, no doubt... a good video for that is to watch "Nothing but Trouble" and "Fun with Dick and Jane" Both comedy/financial minded videos to get your mind off all the serious nonsense. Both are hilarious....
These are rentals movies so there short clips. I just made links so to not overwhelm the thread.

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Nothing But Trouble - Digital Underground Scenes

Fun with Dick and Jane