Many have had a hard time understanding why this financial (and now economic) crisis is upon us. Oftentimes when we seek answers to one question, we find that the answer links to another question, which links to another question, etc. This is the case in our current financial/economic crisis. Why are some people concerned we are heading into the Second Depression (even worse than the 1930s)?
Why are governments giving billions of dollars to banks and insurance companies to keep them from bankruptcy? Why has the crisis spread from the financial sector to the greater economy (banks to the auto industry)? Why did the central bankers (from early 2007 to early 2008) tell us that the problem was contained to just the sub-prime industry within the financial sector?
If you really want to understand this crisis, you first need to ask yourself... am I willing to follow through to the root causes of this crisis? I say this because the mass media will give you pieces of the puzzle, but the real truth of the crisis is so layered with different inter-connected elements, all of which are just the tip of the iceberg. Some will create caricatures of politicians (as if they were anything more than puppets), and say these politicians are the root cause of it all.
So since I believe video presentation is better than a mass of unedited dribble (my own writing), I will share with you a few categories of research necessary for you to get a grasp of what we are dealing with. And I say this with the encouragement to consider that it is quite possible if not likely that we are heading into the worst economic times since the 1930s.
We should start with some good quotes from Thomas Jefferson who foresaw the dangers we now face in our day.
1. MONETARY SYSTEM
This is a 3 1/2 hour documentary with 22 parts that explains the monetary system (the Federal Reserve system) that has been established in America, Europe and now the whole world.
The first is a presentation on the infamous book, "The Creature from Jekyll Island". This explains the creation of the Federal Reserve in 1913. The second link is the same author in a three part series (more personable).
This kind of monetary system is at the root of it all - fractional reserve banking leading to fiat currency (paper money not backed by gold). There is an out of print book called "The Truth in Money" that also explains this monetary system. This is the main root problem.
2. THE CURRENT FINANCIAL CRISIS GOES BACK TO CLINTON ERA LEGISLATION
Here is a good snipet from the article that sums it up... "Yes, the market was fueled by greed and overleveraging in the secondary market for subprimes, vis-a-vis mortgaged-backed securities traded on Wall Street. But the seed was planted in the '90s by Clinton and his social engineers."
Now the greed and overleveraging was not limited to the secondary market for subprime mortgages... but this is a good start, so that you understand where things started...
3. MORE CLUES:
http://www.youtube.com/watch?v=JFBRQatmp0o (Crisis explainer)
http://www.youtube.com/watch?v=qxYi2W9vEfw&feature=PlayList&p=4A712F2859EB9B7F&index=0&playnext=1 (People & Power - Savers vs Speculators)
4. FEDERAL RESERVE SCAM EXPOSED:
To understand why America, and Europe too, are taking the path of fiat currency destruction and death:
Quem (se) governa? 3
Quem (se) governa? 2