- published: 16 Nov 2022
- views: 1406304
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Financial crisis
The term financial crisis is applied broadly to a variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in changes in the real economy.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is no consensus, however, and financial crises continue to occur from time to time.
Types
Banking crisis
When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run. Since banks lend out most of the cash they receive in deposits (see fractional-reserve banking), it is difficult for them to quickly pay back all deposits if these are suddenly demanded, so a run renders the bank insolvent, causing customers to lose their deposits, to the extent that they are not covered by deposit insurance. An event in which bank runs are widespread is called a systemic banking crisis or banking panic.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Financial_crisis
Financial crisis of 2007–08
The financial crisis of 2007–08, also known as the global financial crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Financial_crisis_of_2007–08
Panic of 1873
The Panic of 1873 was a financial crisis that triggered a depression in Europe and North America that lasted from 1873 until 1879, and even longer in some countries. In Britain, for example, it started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. The Panic was known as the "Great Depression" until the events in the early 1930s took precedence.
The Panic of 1873 and the subsequent depression had several underlying causes, of which economic historians debate the relative importance. Post civil war inflation, rampant speculative investments (overwhelmingly in railroads), a large trade deficit, ripples from economic dislocation in Europe resulting from the Franco-Prussian War (1870-1871), property losses in the Chicago (1871) and Boston (1872) fires, and other factors put a massive strain on bank reserves, which plummeted in New York City during September and October 1873 from $50 million to $17 million.
The first symptoms of the crisis were financial failures in the Austro-Hungarian capital, Vienna, which spread to most of Europe and North America by 1873.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Panic_of_1873
Podcasts:
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The first modern financial crisis in the globalized world | DW Documentary
When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930s. For the first time since World War II, the global economy faced the very real threat of a complete collapse. Disturbingly, the sudden crisis came as a complete surprise. In the late 1990s, the world economy seemed to be on a steady path of growth. This trajectory was driven primarily by the emerging economies of Southeast Asia, the global region with the strongest economic growth. Then, within a very short time, millions of people suddenly lost their livelihoods. Hunger, mass unemployment and uprisings returned to these previously prosperous countries. What was particularly disturbing to crisis managers at the time was that they had not anticipated the crisis, and were not prepared for it. Their h...
published: 16 Nov 2022 -
The financial crisis no one is fixing | Business Beyond
As our world grows older, governments can’t afford to pay for the retirement promises made to previous generations. Now, shortfalls in public finances are threatening to upend the way our societies are organized. Many worry that retirement could soon be a thing of the past. In this video, we will look at how the retirement crisis will make our post-work lives harder. We will speak to those who warn that the social contract will be rewritten. And we will ask: why wasn’t this prevented? Chapters: 00:00 Intro 01:55 History of retiring 05:03 Why the system is broken 06:37 Example: Working retirees in Japan 09:28 Backlash against reforms 10:45 Inequality in retiring 12:04 Example: Aboriginal people in Australia 13:34 Ageism at work 15:05 Why we are bad at saving 18:34 Conclusion...
published: 21 Apr 2023 -
How it Happened - The 2008 Financial Crisis: Crash Course Economics #12
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video! More Financial Crisis Resources: Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline htt...
published: 21 Oct 2015 -
Warren Buffett Explains the 2008 Financial Crisis
A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opportunities missed last time.
published: 06 Sep 2018 -
A Great Depression Worse Than 2008 - Survive The Upcoming Financial Crisis | Balaji Srinivasa
Restart Your Life in 7 Days https://bit.ly/45feuRS Listen to Impact Theory on Amazon Music: https://music.amazon.com/podcasts/9e0db1b9-b46c-4e50-a9c5-add34b0ffe00/impact-theory-with-tom-bilyeu?ref=dm_sh_nzgPULGEOD2WFqOCd38MsElYP Check out this controversial episode with Balaji Srinivasan, who predicted Covid on Twitter and put $1M of his own money on the line just to get eyes and ears on what may be the worst financial crisis of our time. We delve into uncomfortable topics that are sure to spark a range of opinions and emotions. So, what are we unpacking in this epic interview? - Balaji's tweet, where he puts up $1M to raise awareness about the trillions of dollars being printed, with his bizarre bitcoin bet. - The concerning state of the US economy and the need for alternative forms...
published: 15 Jun 2023 -
How the 2008 Financial Crisis Still Affects You
-- About ColdFusion -- ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment. » Podcast I Co-host: https://www.youtube.com/channel/UC6jKUaNXSnuW52CxexLcOJg » Music | https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw » Twitter | @ColdFusion_TV » Instagram | coldfusiontv » Facebook | https://www.facebook.com/ColdFusioncollective Sources: https://scholar.princeton.edu/sites/default/files/markus/files/16f_reversalrate.pdf https://www.afr.com/policy/economy/the-opiate-of-low-interest-rates-20210209-p570zo https://data.oecd.org/interest/long-term-interest-rates.htm#indicator-chart https://en.wikipedia.org/wiki/2008%E2%80%932011_Iceland...
published: 28 Oct 2022 -
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
A ‘Big Short’ investor fears an often-overlooked climate risk could see history repeating itself in the housing market. Dave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the real estate sector was teetering on the brink of collapse in 2007. He helped two of the protagonists of Michael Lewis’ bestselling book “The Big Short” bet against the mortgage market in the lead-up to the 2008 economic collapse. As it turned out, they were right and made millions. Now, Burt believes the mortgage market is underestimating another systemic issue: flood risk. If realized, he warns the fallout could resemble the massive correction seen during the global financial crisis. “Ultimately, until people have good information about what these climate-rel...
published: 29 May 2023 -
Money, Power and Wall Street, Part One (full documentary) | FRONTLINE
In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story of the struggles to repair the economy after the 2008 financial crisis, exploring key decisions, missed opportunities, and the uneasy partnership between leaders of government and finance. This journalism is made possible by viewers like you. Support your local PBS station here: http://www.pbs.org/donate. In part one of Money, Power and Wall Street, FRONTLINE correspondent Martin Smith interviews leading bankers, government officials and journalists to chart the epic rise of a new financial order—and the trouble that followed. As Wall Street innovated, its revenues skyrocketed, and financial institutions of all stripes tied their fortunes to one another. Smith probes deeply into the story of the bi...
published: 13 Aug 2021 -
The 2008 Financial Crisis - 5 Minute History Lesson
It's been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008 Financial Crisis. But what caused this behemoth to go under, and how did we find ourselves in a real estate bubble? Let's find out with a 5 Minute History Lesson. Intro/Outro Music: https://www.bensound.com/royalty-free-music Episode Music: Faster Does It by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100794 Artist: http://incompetech.com/ DISCLAIMER: Richard does not have a personal holding in any of the referenced companies
published: 05 Apr 2019 -
Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis
Bridgewater founder Ray Dalio says interest rates probably won't rise much from current levels while talking with David Westin at Bloomberg Invest New York 2023. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
published: 07 Jun 2023
developed with YouTube
42:27
The first modern financial crisis in the globalized world | DW Documentary
- Order: Reorder
- Duration: 42:27
- Uploaded Date: 16 Nov 2022
- views: 1406304
When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930s. For the first time since World War II, the global economy faced the...
When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930s. For the first time since World War II, the global economy faced the very real threat of a complete collapse. Disturbingly, the sudden crisis came as a complete surprise.
In the late 1990s, the world economy seemed to be on a steady path of growth. This trajectory was driven primarily by the emerging economies of Southeast Asia, the global region with the strongest economic growth. Then, within a very short time, millions of people suddenly lost their livelihoods. Hunger, mass unemployment and uprisings returned to these previously prosperous countries. What was particularly disturbing to crisis managers at the time was that they had not anticipated the crisis, and were not prepared for it. Their hasty attempts to correct the problem did not bear fruit for a long time - in fact, in the short-term, these measures worsened the situation. How could this happen?
Ten years later, in 2008 and 2009, the global economy was once again on the brink of a complete collapse. What became known as the Global Financial Crisis demonstrated how much our world depends on the financial market. In this documentary, world-renowned experts question whether the toxic threat of collapse might perhaps be an inherent part of our economic system. To date, there is no satisfactory answer to this question. One conclusion that can be drawn: we are still living on an economic powder keg, today.
#documentary #dwdocumentary #globalization #economy #economiccrisis
______
DW Documentary gives you knowledge beyond the headlines. Watch top documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary.
Subscribe to:
⮞ DW Documentary (English): https://www.youtube.com/dwdocumentary
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We kindly ask viewers to read and stick to the DW netiquette policy on our channel: https://p.dw.com/p/MF1G
https://wn.com/The_First_Modern_Financial_Crisis_In_The_Globalized_World_|_Dw_Documentary
When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930s. For the first time since World War II, the global economy faced the very real threat of a complete collapse. Disturbingly, the sudden crisis came as a complete surprise.
In the late 1990s, the world economy seemed to be on a steady path of growth. This trajectory was driven primarily by the emerging economies of Southeast Asia, the global region with the strongest economic growth. Then, within a very short time, millions of people suddenly lost their livelihoods. Hunger, mass unemployment and uprisings returned to these previously prosperous countries. What was particularly disturbing to crisis managers at the time was that they had not anticipated the crisis, and were not prepared for it. Their hasty attempts to correct the problem did not bear fruit for a long time - in fact, in the short-term, these measures worsened the situation. How could this happen?
Ten years later, in 2008 and 2009, the global economy was once again on the brink of a complete collapse. What became known as the Global Financial Crisis demonstrated how much our world depends on the financial market. In this documentary, world-renowned experts question whether the toxic threat of collapse might perhaps be an inherent part of our economic system. To date, there is no satisfactory answer to this question. One conclusion that can be drawn: we are still living on an economic powder keg, today.
#documentary #dwdocumentary #globalization #economy #economiccrisis
______
DW Documentary gives you knowledge beyond the headlines. Watch top documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary.
Subscribe to:
⮞ DW Documentary (English): https://www.youtube.com/dwdocumentary
⮞ DW Documental (Spanish): https://www.youtube.com/dwdocumental
⮞ DW Documentary وثائقية دي دبليو (Arabic): https://www.youtube.com/dwdocarabia
⮞ DW Doku (German): https://www.youtube.com/dwdoku
⮞ DW Documentary हिन्दी (Hindi): https://www.youtube.com/dwdochindi
For more visit: http://www.dw.com/en/tv/docfilm/s-3610
Follow DW Documentary on Instagram: https://www.instagram.com/dwdocumentary/
Follow DW Documental on Facebook: https://www.facebook.com/dwdocumental
We kindly ask viewers to read and stick to the DW netiquette policy on our channel: https://p.dw.com/p/MF1G
20:59
The financial crisis no one is fixing | Business Beyond
- Order: Reorder
- Duration: 20:59
- Uploaded Date: 21 Apr 2023
- views: 891326
As our world grows older, governments can’t afford to pay for the retirement promises made to previous generations. Now, shortfalls in public finances are threa...
As our world grows older, governments can’t afford to pay for the retirement promises made to previous generations. Now, shortfalls in public finances are threatening to upend the way our societies are organized. Many worry that retirement could soon be a thing of the past.
In this video, we will look at how the retirement crisis will make our post-work lives harder. We will speak to those who warn that the social contract will be rewritten. And we will ask: why wasn’t this prevented?
Chapters:
00:00 Intro
01:55 History of retiring
05:03 Why the system is broken
06:37 Example: Working retirees in Japan
09:28 Backlash against reforms
10:45 Inequality in retiring
12:04 Example: Aboriginal people in Australia
13:34 Ageism at work
15:05 Why we are bad at saving
18:34 Conclusion
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
►Twitch: https://www.twitch.tv/dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#economy #demographics #retirement
https://wn.com/The_Financial_Crisis_No_One_Is_Fixing_|_Business_Beyond
As our world grows older, governments can’t afford to pay for the retirement promises made to previous generations. Now, shortfalls in public finances are threatening to upend the way our societies are organized. Many worry that retirement could soon be a thing of the past.
In this video, we will look at how the retirement crisis will make our post-work lives harder. We will speak to those who warn that the social contract will be rewritten. And we will ask: why wasn’t this prevented?
Chapters:
00:00 Intro
01:55 History of retiring
05:03 Why the system is broken
06:37 Example: Working retirees in Japan
09:28 Backlash against reforms
10:45 Inequality in retiring
12:04 Example: Aboriginal people in Australia
13:34 Ageism at work
15:05 Why we are bad at saving
18:34 Conclusion
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
►Twitch: https://www.twitch.tv/dwnews_hangout
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#economy #demographics #retirement
- published: 21 Apr 2023
- views: 891326
11:25
How it Happened - The 2008 Financial Crisis: Crash Course Economics #12
- Order: Reorder
- Duration: 11:25
- Uploaded Date: 21 Oct 2015
- views: 4483003
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts wit...
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video!
More Financial Crisis Resources:
Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money
Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline
http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids
https://wn.com/How_It_Happened_The_2008_Financial_Crisis_Crash_Course_Economics_12
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video!
More Financial Crisis Resources:
Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money
Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline
http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson
--
Want to find Crash Course elsewhere on the internet?
Facebook - http://www.facebook.com/YouTubeCrashCourse
Twitter - http://www.twitter.com/TheCrashCourse
Tumblr - http://thecrashcourse.tumblr.com
Support Crash Course on Patreon: http://patreon.com/crashcourse
CC Kids: http://www.youtube.com/crashcoursekids
- published: 21 Oct 2015
- views: 4483003
5:31
Warren Buffett Explains the 2008 Financial Crisis
- Order: Reorder
- Duration: 5:31
- Uploaded Date: 06 Sep 2018
- views: 2241468
A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opport...
A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opportunities missed last time.
https://wn.com/Warren_Buffett_Explains_The_2008_Financial_Crisis
A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opportunities missed last time.
- published: 06 Sep 2018
- views: 2241468
4:30:56
A Great Depression Worse Than 2008 - Survive The Upcoming Financial Crisis | Balaji Srinivasa
- Order: Reorder
- Duration: 4:30:56
- Uploaded Date: 15 Jun 2023
- views: 581007
Restart Your Life in 7 Days https://bit.ly/45feuRS
Listen to Impact Theory on Amazon Music: https://music.amazon.com/podcasts/9e0db1b9-b46c-4e50-a9c5-add34b0f...
Restart Your Life in 7 Days https://bit.ly/45feuRS
Listen to Impact Theory on Amazon Music: https://music.amazon.com/podcasts/9e0db1b9-b46c-4e50-a9c5-add34b0ffe00/impact-theory-with-tom-bilyeu?ref=dm_sh_nzgPULGEOD2WFqOCd38MsElYP
Check out this controversial episode with Balaji Srinivasan, who predicted Covid on Twitter and put $1M of his own money on the line just to get eyes and ears on what may be the worst financial crisis of our time. We delve into uncomfortable topics that are sure to spark a range of opinions and emotions.
So, what are we unpacking in this epic interview?
- Balaji's tweet, where he puts up $1M to raise awareness about the trillions of dollars being printed, with his bizarre bitcoin bet.
- The concerning state of the US economy and the need for alternative forms of money to hedge against a potential collapse.
- Historical cycles of empires that rise to power and eventually collapse, and being prepared for potentially catastrophic consequences.
- Balaji’s idea for the Network State that will blow your mind.
In this conversation, Balaji really exposes the increasing political polarization between Democrats and Republicans, both in Congress and on social media networks.
China's ascent as a global power and its implications is a huge concern and where this is potentially heading is why you must take this seriously. Join the conversation and share your thoughts on these fascinating and contentious issues!
What are your thoughts on the role of fiat currency and the military power of a nation in shaping its global standing and influence?
Check out Balaji’s book, The Network State: How to Start A New Country: https://www.amazon.com/Network-State-How-Start-Country-ebook/dp/B09VPKZR3G
Balaji Quotes:
“I do believe an enormous amount of money is going to be printed just like Ray Dalio, just like a number of other people do, and in such a case, you want to have outside money, whether that is gold, whether that is a foreign fiat currency that you have faith in.”
“The safest asset in the world became the riskiest asset in the world”
“This is sort of obvious, but you don't become number one by accident.”
“People will selectively excavate aspects of history and use them as a weapon”
“Printing money is in a sense like official counterfeiting.”
“The U.S. exports its inflation in part because it is the consumer of all these products around the world, and the dollar is its major export, and what is a small or tolerable rise in prices in the U.S. is intolerable abroad”
“You can't build America by hating China, you need to love America or love other Americans. It's not one country, it's two parties.”
“96% of Democrats are not married Republicans. So ideology becomes biology in one generation.”
“Good, is helping somebody else without concern for yourself. Smart is helping somebody else, but also helping oneself. Evil is harming somebody else while helping oneself, and stupid is harming somebody else while harming oneself.” (65)
“Typically the right thinks about things in terms of heroes and individuals and the left thinks of things in terms of institutions and ideologies.” (87)
“It's kind of hard to unify a gigantic swath of land without both left and right tactics, because on the right is economics and the military, but on the left is propaganda and ideology.”
“A lot of these people who believe the US can print money or that has an invincible military are literally people who think of the government as God, they don't think it has limits, They're secular, they don't believe in the supernatural. They also don't believe in encryption and they don't believe in other states. They are secular nationalists.”
“After Trump was deplatformed in early 2021 from Twitter, Trump wasn't even the most powerful man in his own country.”
“Bitcoin and Ethereum are bigger than most national currencies. Social networks are bigger in scale than most countries. Tech founders are wealthier than most politicians and so on, [...] there's already been a significant transfer of sovereignty.”
Follow Balaji Srinivasan:
Website: https://balajis.com/
Twitter: https://twitter.com/balajis/
https://wn.com/A_Great_Depression_Worse_Than_2008_Survive_The_Upcoming_Financial_Crisis_|_Balaji_Srinivasa
Restart Your Life in 7 Days https://bit.ly/45feuRS
Listen to Impact Theory on Amazon Music: https://music.amazon.com/podcasts/9e0db1b9-b46c-4e50-a9c5-add34b0ffe00/impact-theory-with-tom-bilyeu?ref=dm_sh_nzgPULGEOD2WFqOCd38MsElYP
Check out this controversial episode with Balaji Srinivasan, who predicted Covid on Twitter and put $1M of his own money on the line just to get eyes and ears on what may be the worst financial crisis of our time. We delve into uncomfortable topics that are sure to spark a range of opinions and emotions.
So, what are we unpacking in this epic interview?
- Balaji's tweet, where he puts up $1M to raise awareness about the trillions of dollars being printed, with his bizarre bitcoin bet.
- The concerning state of the US economy and the need for alternative forms of money to hedge against a potential collapse.
- Historical cycles of empires that rise to power and eventually collapse, and being prepared for potentially catastrophic consequences.
- Balaji’s idea for the Network State that will blow your mind.
In this conversation, Balaji really exposes the increasing political polarization between Democrats and Republicans, both in Congress and on social media networks.
China's ascent as a global power and its implications is a huge concern and where this is potentially heading is why you must take this seriously. Join the conversation and share your thoughts on these fascinating and contentious issues!
What are your thoughts on the role of fiat currency and the military power of a nation in shaping its global standing and influence?
Check out Balaji’s book, The Network State: How to Start A New Country: https://www.amazon.com/Network-State-How-Start-Country-ebook/dp/B09VPKZR3G
Balaji Quotes:
“I do believe an enormous amount of money is going to be printed just like Ray Dalio, just like a number of other people do, and in such a case, you want to have outside money, whether that is gold, whether that is a foreign fiat currency that you have faith in.”
“The safest asset in the world became the riskiest asset in the world”
“This is sort of obvious, but you don't become number one by accident.”
“People will selectively excavate aspects of history and use them as a weapon”
“Printing money is in a sense like official counterfeiting.”
“The U.S. exports its inflation in part because it is the consumer of all these products around the world, and the dollar is its major export, and what is a small or tolerable rise in prices in the U.S. is intolerable abroad”
“You can't build America by hating China, you need to love America or love other Americans. It's not one country, it's two parties.”
“96% of Democrats are not married Republicans. So ideology becomes biology in one generation.”
“Good, is helping somebody else without concern for yourself. Smart is helping somebody else, but also helping oneself. Evil is harming somebody else while helping oneself, and stupid is harming somebody else while harming oneself.” (65)
“Typically the right thinks about things in terms of heroes and individuals and the left thinks of things in terms of institutions and ideologies.” (87)
“It's kind of hard to unify a gigantic swath of land without both left and right tactics, because on the right is economics and the military, but on the left is propaganda and ideology.”
“A lot of these people who believe the US can print money or that has an invincible military are literally people who think of the government as God, they don't think it has limits, They're secular, they don't believe in the supernatural. They also don't believe in encryption and they don't believe in other states. They are secular nationalists.”
“After Trump was deplatformed in early 2021 from Twitter, Trump wasn't even the most powerful man in his own country.”
“Bitcoin and Ethereum are bigger than most national currencies. Social networks are bigger in scale than most countries. Tech founders are wealthier than most politicians and so on, [...] there's already been a significant transfer of sovereignty.”
Follow Balaji Srinivasan:
Website: https://balajis.com/
Twitter: https://twitter.com/balajis/
- published: 15 Jun 2023
- views: 581007
38:49
How the 2008 Financial Crisis Still Affects You
- Order: Reorder
- Duration: 38:49
- Uploaded Date: 28 Oct 2022
- views: 4935005
-- About ColdFusion --
ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science,...
-- About ColdFusion --
ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.
» Podcast I Co-host: https://www.youtube.com/channel/UC6jKUaNXSnuW52CxexLcOJg
» Music | https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw
» Twitter | @ColdFusion_TV
» Instagram | coldfusiontv
» Facebook | https://www.facebook.com/ColdFusioncollective
Sources:
https://scholar.princeton.edu/sites/default/files/markus/files/16f_reversalrate.pdf
https://www.afr.com/policy/economy/the-opiate-of-low-interest-rates-20210209-p570zo
https://data.oecd.org/interest/long-term-interest-rates.htm#indicator-chart
https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis
https://www.macrotrends.net/2324/sp-500-historical-chart-data
https://www.aeaweb.org/research/endogenous-technology-adoption-productivity-decline-great-recession
https://www.journals.uchicago.edu/doi/full/10.1086/680580
https://www.econlib.org/archives/2017/03/the_great_reces.html
https://fred.stlouisfed.org/graph/?g=3big
https://www.youtube.com/watch?v=bx_LWm6_6tA
https://en.wikipedia.org/wiki/Post-2008_Irish_economic_downturn
https://www.thisismoney.co.uk/money/markets/article-11343945/UK-braces-highest-base-rate-rise-years-Bank-England-set-move.html
https://www.fool.com/investing/2022/10/03/bank-of-england-hard-pivot-monetary-policy-fed/
https://www.intereconomics.eu/contents/year/2018/number/2/article/productivity-and-the-great-recession.html
https://www.bls.gov/opub/ted/2017/labor-productivity-growth-since-the-great-recession.htm
https://www.c-span.org/video/?281516-1/international-coverage-us-financial-crisis
https://edition.cnn.com/2020/01/11/politics/millennials-income-stalled-upward-mobility-us/index.html
https://www.investopedia.com/articles/03/071603.asp
https://www.nytimes.com/2008/10/03/business/worldbusiness/03iht-sec.4.16681441.html
https://commons.wikimedia.org/wiki/File:Leverage_Ratios.png
https://www.cfr.org/timeline/us-financial-crisis
https://som.yale.edu/centers/program-on-financial-stability/the-global-financial-crisis/financialcrisischarts
https://www.newyorker.com/magazine/2018/09/17/the-real-cost-of-the-2008-financial-crisis
https://www.schroders.com/en/insights/economics/the-global-financial-crisis-10-years-on-six-charts-that-tell-the-story/
https://www.investopedia.com/terms/n/notionalvalue.asp
https://www.investopedia.com/terms/b/bear-stearns.asp#:~:text=Bear%20Stearns%20was%20a%20global,underlying%20loans%20began%20to%20default.
https://smartasset.com/investing/hedge-fund-vs-investment-bank
https://www.economist.com/media/globalexecutive/greenspans-bubbles-fleckenstein-e.pdf
https://www.benzinga.com/general/education/22/01/19235337/this-day-in-market-history-alan-greenspan-issues-dot-com-bubble-warning
https://www.investopedia.com/terms/c/creditdefaultswap.asp
https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legislation
https://en.wikipedia.org/wiki/Global_financial_crisis_in_October_2008
https://www.investopedia.com/terms/b/bear-stearns.asp#:~:text=Bear%20Stearns%20was%20a%20global,underlying%20loans%20began%20to%20default.
https://www.brookings.edu/wp-content/uploads/2018/08/2018-09-10-10am-FINAL-Crisis-deck-00-85.pdf
https://en.wikipedia.org/wiki/Lehman_Brothers
https://www.moneyandbanking.com/commentary/2020/11/8/the-case-of-the-treasury-account-at-the-federal-reserve
https://en.wikipedia.org/wiki/JPMorgan_Chase
https://americandeposits.com/history-quantitative-easing-united-states/
https://www.ifre.com/story/3375562/synthetic-cdo-machine-whirrs-into-gear-again-ntzlc1mtzp
https://www.imf.org/en/Blogs/Articles/2018/09/05/blog-ten-years-after-lehman-lessons-learned-and-challenges-ahead
https://www.investopedia.com/news/10-years-later-lessons-financial-crisis/
My Music Channel: https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw
//Soundtrack//
Burn Water - Nostalgia Dreams
Working Men's Club - Valleys (Confidence Man Remix)
Aleksandir - Between Summers
Young American Primitive - Sunrise
Rustic Bellyflop
Nanobyte - Lost Time
Oliver Heldens - Aquarius
Yoji Biomehanika - Ding-A-Ling (DJ Scot Project Remix) (2002)
Mosaik - Icarus (Need a Name Remix)
Andre Sobota - Concluded (Original Mix)
Paddy Mulcahy - On A Hill In Swinford
Eluvium - Nepenthe
Burn Water - Fate
Balmorhea - Truth
Burn Water - Soul Mates (
https://youtu.be/5ZaUJSjfkgE)
Hiyo - Don't Go
Gem Club - First Weeks
Juan Rios - What If I Told You
Hammock - Wasted We Stared at the Ceiling
Burn Water - She Shines to Master
» Music I produce | http://burnwater.bandcamp.com or
» http://www.soundcloud.com/burnwater
» https://www.patreon.com/ColdFusion_TV
» Collection of music used in videos: https://www.youtube.com/watch?v=YOrJJKW31OA
Producer: Dagogo Altraide
https://wn.com/How_The_2008_Financial_Crisis_Still_Affects_You
-- About ColdFusion --
ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.
» Podcast I Co-host: https://www.youtube.com/channel/UC6jKUaNXSnuW52CxexLcOJg
» Music | https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw
» Twitter | @ColdFusion_TV
» Instagram | coldfusiontv
» Facebook | https://www.facebook.com/ColdFusioncollective
Sources:
https://scholar.princeton.edu/sites/default/files/markus/files/16f_reversalrate.pdf
https://www.afr.com/policy/economy/the-opiate-of-low-interest-rates-20210209-p570zo
https://data.oecd.org/interest/long-term-interest-rates.htm#indicator-chart
https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis
https://www.macrotrends.net/2324/sp-500-historical-chart-data
https://www.aeaweb.org/research/endogenous-technology-adoption-productivity-decline-great-recession
https://www.journals.uchicago.edu/doi/full/10.1086/680580
https://www.econlib.org/archives/2017/03/the_great_reces.html
https://fred.stlouisfed.org/graph/?g=3big
https://www.youtube.com/watch?v=bx_LWm6_6tA
https://en.wikipedia.org/wiki/Post-2008_Irish_economic_downturn
https://www.thisismoney.co.uk/money/markets/article-11343945/UK-braces-highest-base-rate-rise-years-Bank-England-set-move.html
https://www.fool.com/investing/2022/10/03/bank-of-england-hard-pivot-monetary-policy-fed/
https://www.intereconomics.eu/contents/year/2018/number/2/article/productivity-and-the-great-recession.html
https://www.bls.gov/opub/ted/2017/labor-productivity-growth-since-the-great-recession.htm
https://www.c-span.org/video/?281516-1/international-coverage-us-financial-crisis
https://edition.cnn.com/2020/01/11/politics/millennials-income-stalled-upward-mobility-us/index.html
https://www.investopedia.com/articles/03/071603.asp
https://www.nytimes.com/2008/10/03/business/worldbusiness/03iht-sec.4.16681441.html
https://commons.wikimedia.org/wiki/File:Leverage_Ratios.png
https://www.cfr.org/timeline/us-financial-crisis
https://som.yale.edu/centers/program-on-financial-stability/the-global-financial-crisis/financialcrisischarts
https://www.newyorker.com/magazine/2018/09/17/the-real-cost-of-the-2008-financial-crisis
https://www.schroders.com/en/insights/economics/the-global-financial-crisis-10-years-on-six-charts-that-tell-the-story/
https://www.investopedia.com/terms/n/notionalvalue.asp
https://www.investopedia.com/terms/b/bear-stearns.asp#:~:text=Bear%20Stearns%20was%20a%20global,underlying%20loans%20began%20to%20default.
https://smartasset.com/investing/hedge-fund-vs-investment-bank
https://www.economist.com/media/globalexecutive/greenspans-bubbles-fleckenstein-e.pdf
https://www.benzinga.com/general/education/22/01/19235337/this-day-in-market-history-alan-greenspan-issues-dot-com-bubble-warning
https://www.investopedia.com/terms/c/creditdefaultswap.asp
https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legislation
https://en.wikipedia.org/wiki/Global_financial_crisis_in_October_2008
https://www.investopedia.com/terms/b/bear-stearns.asp#:~:text=Bear%20Stearns%20was%20a%20global,underlying%20loans%20began%20to%20default.
https://www.brookings.edu/wp-content/uploads/2018/08/2018-09-10-10am-FINAL-Crisis-deck-00-85.pdf
https://en.wikipedia.org/wiki/Lehman_Brothers
https://www.moneyandbanking.com/commentary/2020/11/8/the-case-of-the-treasury-account-at-the-federal-reserve
https://en.wikipedia.org/wiki/JPMorgan_Chase
https://americandeposits.com/history-quantitative-easing-united-states/
https://www.ifre.com/story/3375562/synthetic-cdo-machine-whirrs-into-gear-again-ntzlc1mtzp
https://www.imf.org/en/Blogs/Articles/2018/09/05/blog-ten-years-after-lehman-lessons-learned-and-challenges-ahead
https://www.investopedia.com/news/10-years-later-lessons-financial-crisis/
My Music Channel: https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw
//Soundtrack//
Burn Water - Nostalgia Dreams
Working Men's Club - Valleys (Confidence Man Remix)
Aleksandir - Between Summers
Young American Primitive - Sunrise
Rustic Bellyflop
Nanobyte - Lost Time
Oliver Heldens - Aquarius
Yoji Biomehanika - Ding-A-Ling (DJ Scot Project Remix) (2002)
Mosaik - Icarus (Need a Name Remix)
Andre Sobota - Concluded (Original Mix)
Paddy Mulcahy - On A Hill In Swinford
Eluvium - Nepenthe
Burn Water - Fate
Balmorhea - Truth
Burn Water - Soul Mates (
https://youtu.be/5ZaUJSjfkgE)
Hiyo - Don't Go
Gem Club - First Weeks
Juan Rios - What If I Told You
Hammock - Wasted We Stared at the Ceiling
Burn Water - She Shines to Master
» Music I produce | http://burnwater.bandcamp.com or
» http://www.soundcloud.com/burnwater
» https://www.patreon.com/ColdFusion_TV
» Collection of music used in videos: https://www.youtube.com/watch?v=YOrJJKW31OA
Producer: Dagogo Altraide
- published: 28 Oct 2022
- views: 4935005
10:21
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
- Order: Reorder
- Duration: 10:21
- Uploaded Date: 29 May 2023
- views: 579964
A ‘Big Short’ investor fears an often-overlooked climate risk could see history repeating itself in the housing market.
Dave Burt, CEO of investment research f...
A ‘Big Short’ investor fears an often-overlooked climate risk could see history repeating itself in the housing market.
Dave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the real estate sector was teetering on the brink of collapse in 2007.
He helped two of the protagonists of Michael Lewis’ bestselling book “The Big Short” bet against the mortgage market in the lead-up to the 2008 economic collapse. As it turned out, they were right and made millions.
Now, Burt believes the mortgage market is underestimating another systemic issue: flood risk. If realized, he warns the fallout could resemble the massive correction seen during the global financial crisis.
“Ultimately, until people have good information about what these climate-related costs are going to look like, we’re creating new problems every day. I think that’s really the crux of the matter,” Burt told CNBC.
So, why does the U.S. housing market seem to be underestimating the cost of flooding? What does this mean for homeowners and homebuyers in the U.K. and around the world? And what can be done to mitigate this risk?
Watch the video above to find out.
#CNBC #Property #HousingMarket #Floods #ClimateChange #Sustainability
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
https://wn.com/A_‘Big_Short’_Investor_Sees_Financial_Disaster_Brewing_In_Housing_Markets_—_Again
A ‘Big Short’ investor fears an often-overlooked climate risk could see history repeating itself in the housing market.
Dave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the real estate sector was teetering on the brink of collapse in 2007.
He helped two of the protagonists of Michael Lewis’ bestselling book “The Big Short” bet against the mortgage market in the lead-up to the 2008 economic collapse. As it turned out, they were right and made millions.
Now, Burt believes the mortgage market is underestimating another systemic issue: flood risk. If realized, he warns the fallout could resemble the massive correction seen during the global financial crisis.
“Ultimately, until people have good information about what these climate-related costs are going to look like, we’re creating new problems every day. I think that’s really the crux of the matter,” Burt told CNBC.
So, why does the U.S. housing market seem to be underestimating the cost of flooding? What does this mean for homeowners and homebuyers in the U.K. and around the world? And what can be done to mitigate this risk?
Watch the video above to find out.
#CNBC #Property #HousingMarket #Floods #ClimateChange #Sustainability
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- published: 29 May 2023
- views: 579964
53:19
Money, Power and Wall Street, Part One (full documentary) | FRONTLINE
- Order: Reorder
- Duration: 53:19
- Uploaded Date: 13 Aug 2021
- views: 6439474
In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story of the struggles to repair the economy after the 2008 financial crisis,...
In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story of the struggles to repair the economy after the 2008 financial crisis, exploring key decisions, missed opportunities, and the uneasy partnership between leaders of government and finance.
This journalism is made possible by viewers like you. Support your local PBS station here: http://www.pbs.org/donate.
In part one of Money, Power and Wall Street, FRONTLINE correspondent Martin Smith interviews leading bankers, government officials and journalists to chart the epic rise of a new financial order—and the trouble that followed. As Wall Street innovated, its revenues skyrocketed, and financial institutions of all stripes tied their fortunes to one another. Smith probes deeply into the story of the big banks—how they developed, how they profited, and how the model that produced unfathomable wealth planted the seeds of financial destruction.
FRONTLINE’s veteran financial and political producers Michael Kirk (The Choice 2020: Trump Vs. Biden, United States of Conspiracy), Martin Smith (The Crown Prince of Saudi Arabia, The Pension Gamble), Marcela Gaviria (The Virus: What Went Wrong?, Separated: Children at the Border) and Tom Jennings (Right to Fail, Opioids Inc.) team up to present this Emmy Award-winning documentary series.
#Documentary #MoneyPowerWallStreet
Subscribe on YouTube: http://bit.ly/1BycsJW
Instagram: https://www.instagram.com/frontlinepbs
Twitter: https://twitter.com/frontlinepbs
Facebook: https://www.facebook.com/frontline
Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
https://wn.com/Money,_Power_And_Wall_Street,_Part_One_(Full_Documentary)_|_Frontline
In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story of the struggles to repair the economy after the 2008 financial crisis, exploring key decisions, missed opportunities, and the uneasy partnership between leaders of government and finance.
This journalism is made possible by viewers like you. Support your local PBS station here: http://www.pbs.org/donate.
In part one of Money, Power and Wall Street, FRONTLINE correspondent Martin Smith interviews leading bankers, government officials and journalists to chart the epic rise of a new financial order—and the trouble that followed. As Wall Street innovated, its revenues skyrocketed, and financial institutions of all stripes tied their fortunes to one another. Smith probes deeply into the story of the big banks—how they developed, how they profited, and how the model that produced unfathomable wealth planted the seeds of financial destruction.
FRONTLINE’s veteran financial and political producers Michael Kirk (The Choice 2020: Trump Vs. Biden, United States of Conspiracy), Martin Smith (The Crown Prince of Saudi Arabia, The Pension Gamble), Marcela Gaviria (The Virus: What Went Wrong?, Separated: Children at the Border) and Tom Jennings (Right to Fail, Opioids Inc.) team up to present this Emmy Award-winning documentary series.
#Documentary #MoneyPowerWallStreet
Subscribe on YouTube: http://bit.ly/1BycsJW
Instagram: https://www.instagram.com/frontlinepbs
Twitter: https://twitter.com/frontlinepbs
Facebook: https://www.facebook.com/frontline
Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
- published: 13 Aug 2021
- views: 6439474
5:35
The 2008 Financial Crisis - 5 Minute History Lesson
- Order: Reorder
- Duration: 5:35
- Uploaded Date: 05 Apr 2019
- views: 1739274
It's been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008 Financial Crisis. But what caused this behemoth to go under, and how ...
It's been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008 Financial Crisis. But what caused this behemoth to go under, and how did we find ourselves in a real estate bubble? Let's find out with a 5 Minute History Lesson.
Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music:
Faster Does It by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100794
Artist: http://incompetech.com/
DISCLAIMER: Richard does not have a personal holding in any of the referenced companies
https://wn.com/The_2008_Financial_Crisis_5_Minute_History_Lesson
It's been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008 Financial Crisis. But what caused this behemoth to go under, and how did we find ourselves in a real estate bubble? Let's find out with a 5 Minute History Lesson.
Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music:
Faster Does It by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100794
Artist: http://incompetech.com/
DISCLAIMER: Richard does not have a personal holding in any of the referenced companies
- published: 05 Apr 2019
- views: 1739274
4:39
Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis
- Order: Reorder
- Duration: 4:39
- Uploaded Date: 07 Jun 2023
- views: 120720
Bridgewater founder Ray Dalio says interest rates probably won't rise much from current levels while talking with David Westin at Bloomberg Invest New York 2023...
Bridgewater founder Ray Dalio says interest rates probably won't rise much from current levels while talking with David Westin at Bloomberg Invest New York 2023.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
https://wn.com/Ray_Dalio_US_At_Beginning_Of_Late_Big_Cycle_Debt_Crisis
Bridgewater founder Ray Dalio says interest rates probably won't rise much from current levels while talking with David Westin at Bloomberg Invest New York 2023.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
- published: 07 Jun 2023
- views: 120720
42:27
The first modern financial crisis in the globalized world | DW Documentary
When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930...
published: 16 Nov 2022
The first modern financial crisis in the globalized world | DW Documentary
The first modern financial crisis in the globalized world | DW Documentary
- Report rights infringement
- published: 16 Nov 2022
- views: 1406304
When the Asian financial crisis hit, it was something the world hadn‘t seen since the 1930s. For the first time since World War II, the global economy faced the very real threat of a complete collapse. Disturbingly, the sudden crisis came as a complete surprise.
In the late 1990s, the world economy seemed to be on a steady path of growth. This trajectory was driven primarily by the emerging economies of Southeast Asia, the global region with the strongest economic growth. Then, within a very short time, millions of people suddenly lost their livelihoods. Hunger, mass unemployment and uprisings returned to these previously prosperous countries. What was particularly disturbing to crisis managers at the time was that they had not anticipated the crisis, and were not prepared for it. Their hasty attempts to correct the problem did not bear fruit for a long time - in fact, in the short-term, these measures worsened the situation. How could this happen?
Ten years later, in 2008 and 2009, the global economy was once again on the brink of a complete collapse. What became known as the Global Financial Crisis demonstrated how much our world depends on the financial market. In this documentary, world-renowned experts question whether the toxic threat of collapse might perhaps be an inherent part of our economic system. To date, there is no satisfactory answer to this question. One conclusion that can be drawn: we are still living on an economic powder keg, today.
#documentary #dwdocumentary #globalization #economy #economiccrisis
______
DW Documentary gives you knowledge beyond the headlines. Watch top documentaries from German broadcasters and international production companies. Meet intriguing people, travel to distant lands, get a look behind the complexities of daily life and build a deeper understanding of current affairs and global events. Subscribe and explore the world around you with DW Documentary.
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20:59
The financial crisis no one is fixing | Business Beyond
As our world grows older, governments can’t afford to pay for the retirement promises made...
published: 21 Apr 2023
The financial crisis no one is fixing | Business Beyond
The financial crisis no one is fixing | Business Beyond
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- published: 21 Apr 2023
- views: 891326
As our world grows older, governments can’t afford to pay for the retirement promises made to previous generations. Now, shortfalls in public finances are threatening to upend the way our societies are organized. Many worry that retirement could soon be a thing of the past.
In this video, we will look at how the retirement crisis will make our post-work lives harder. We will speak to those who warn that the social contract will be rewritten. And we will ask: why wasn’t this prevented?
Chapters:
00:00 Intro
01:55 History of retiring
05:03 Why the system is broken
06:37 Example: Working retirees in Japan
09:28 Backlash against reforms
10:45 Inequality in retiring
12:04 Example: Aboriginal people in Australia
13:34 Ageism at work
15:05 Why we are bad at saving
18:34 Conclusion
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#economy #demographics #retirement
11:25
How it Happened - The 2008 Financial Crisis: Crash Course Economics #12
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis an...
published: 21 Oct 2015
How it Happened - The 2008 Financial Crisis: Crash Course Economics #12
How it Happened - The 2008 Financial Crisis: Crash Course Economics #12
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- published: 21 Oct 2015
- views: 4483003
Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video!
More Financial Crisis Resources:
Financial Crisis Inquiry Report: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf
TAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money
Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline
http://www.economist.com/news/schoolsbrief/21584534-effects-financial-crisis-are-still-being-felt-five-years-article
Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse
Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever:
Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson
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5:31
Warren Buffett Explains the 2008 Financial Crisis
A decade after the financial crisis, billionaire investor Warren Buffett explains what was...
published: 06 Sep 2018
Warren Buffett Explains the 2008 Financial Crisis
Warren Buffett Explains the 2008 Financial Crisis
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- published: 06 Sep 2018
- views: 2241468
A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opportunities missed last time.
4:30:56
A Great Depression Worse Than 2008 - Survive The Upcoming Financial Crisis | Balaji Srinivasa
Restart Your Life in 7 Days https://bit.ly/45feuRS
Listen to Impact Theory on Amazon Mus...
published: 15 Jun 2023
A Great Depression Worse Than 2008 - Survive The Upcoming Financial Crisis | Balaji Srinivasa
A Great Depression Worse Than 2008 - Survive The Upcoming Financial Crisis | Balaji Srinivasa
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- published: 15 Jun 2023
- views: 581007
Restart Your Life in 7 Days https://bit.ly/45feuRS
Listen to Impact Theory on Amazon Music: https://music.amazon.com/podcasts/9e0db1b9-b46c-4e50-a9c5-add34b0ffe00/impact-theory-with-tom-bilyeu?ref=dm_sh_nzgPULGEOD2WFqOCd38MsElYP
Check out this controversial episode with Balaji Srinivasan, who predicted Covid on Twitter and put $1M of his own money on the line just to get eyes and ears on what may be the worst financial crisis of our time. We delve into uncomfortable topics that are sure to spark a range of opinions and emotions.
So, what are we unpacking in this epic interview?
- Balaji's tweet, where he puts up $1M to raise awareness about the trillions of dollars being printed, with his bizarre bitcoin bet.
- The concerning state of the US economy and the need for alternative forms of money to hedge against a potential collapse.
- Historical cycles of empires that rise to power and eventually collapse, and being prepared for potentially catastrophic consequences.
- Balaji’s idea for the Network State that will blow your mind.
In this conversation, Balaji really exposes the increasing political polarization between Democrats and Republicans, both in Congress and on social media networks.
China's ascent as a global power and its implications is a huge concern and where this is potentially heading is why you must take this seriously. Join the conversation and share your thoughts on these fascinating and contentious issues!
What are your thoughts on the role of fiat currency and the military power of a nation in shaping its global standing and influence?
Check out Balaji’s book, The Network State: How to Start A New Country: https://www.amazon.com/Network-State-How-Start-Country-ebook/dp/B09VPKZR3G
Balaji Quotes:
“I do believe an enormous amount of money is going to be printed just like Ray Dalio, just like a number of other people do, and in such a case, you want to have outside money, whether that is gold, whether that is a foreign fiat currency that you have faith in.”
“The safest asset in the world became the riskiest asset in the world”
“This is sort of obvious, but you don't become number one by accident.”
“People will selectively excavate aspects of history and use them as a weapon”
“Printing money is in a sense like official counterfeiting.”
“The U.S. exports its inflation in part because it is the consumer of all these products around the world, and the dollar is its major export, and what is a small or tolerable rise in prices in the U.S. is intolerable abroad”
“You can't build America by hating China, you need to love America or love other Americans. It's not one country, it's two parties.”
“96% of Democrats are not married Republicans. So ideology becomes biology in one generation.”
“Good, is helping somebody else without concern for yourself. Smart is helping somebody else, but also helping oneself. Evil is harming somebody else while helping oneself, and stupid is harming somebody else while harming oneself.” (65)
“Typically the right thinks about things in terms of heroes and individuals and the left thinks of things in terms of institutions and ideologies.” (87)
“It's kind of hard to unify a gigantic swath of land without both left and right tactics, because on the right is economics and the military, but on the left is propaganda and ideology.”
“A lot of these people who believe the US can print money or that has an invincible military are literally people who think of the government as God, they don't think it has limits, They're secular, they don't believe in the supernatural. They also don't believe in encryption and they don't believe in other states. They are secular nationalists.”
“After Trump was deplatformed in early 2021 from Twitter, Trump wasn't even the most powerful man in his own country.”
“Bitcoin and Ethereum are bigger than most national currencies. Social networks are bigger in scale than most countries. Tech founders are wealthier than most politicians and so on, [...] there's already been a significant transfer of sovereignty.”
Follow Balaji Srinivasan:
Website: https://balajis.com/
Twitter: https://twitter.com/balajis/
38:49
How the 2008 Financial Crisis Still Affects You
-- About ColdFusion --
ColdFusion is an Australian based online media company independentl...
published: 28 Oct 2022
How the 2008 Financial Crisis Still Affects You
How the 2008 Financial Crisis Still Affects You
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- published: 28 Oct 2022
- views: 4935005
-- About ColdFusion --
ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009. Topics cover anything in science, technology, history and business in a calm and relaxed environment.
» Podcast I Co-host: https://www.youtube.com/channel/UC6jKUaNXSnuW52CxexLcOJg
» Music | https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw
» Twitter | @ColdFusion_TV
» Instagram | coldfusiontv
» Facebook | https://www.facebook.com/ColdFusioncollective
Sources:
https://scholar.princeton.edu/sites/default/files/markus/files/16f_reversalrate.pdf
https://www.afr.com/policy/economy/the-opiate-of-low-interest-rates-20210209-p570zo
https://data.oecd.org/interest/long-term-interest-rates.htm#indicator-chart
https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis
https://www.macrotrends.net/2324/sp-500-historical-chart-data
https://www.aeaweb.org/research/endogenous-technology-adoption-productivity-decline-great-recession
https://www.journals.uchicago.edu/doi/full/10.1086/680580
https://www.econlib.org/archives/2017/03/the_great_reces.html
https://fred.stlouisfed.org/graph/?g=3big
https://www.youtube.com/watch?v=bx_LWm6_6tA
https://en.wikipedia.org/wiki/Post-2008_Irish_economic_downturn
https://www.thisismoney.co.uk/money/markets/article-11343945/UK-braces-highest-base-rate-rise-years-Bank-England-set-move.html
https://www.fool.com/investing/2022/10/03/bank-of-england-hard-pivot-monetary-policy-fed/
https://www.intereconomics.eu/contents/year/2018/number/2/article/productivity-and-the-great-recession.html
https://www.bls.gov/opub/ted/2017/labor-productivity-growth-since-the-great-recession.htm
https://www.c-span.org/video/?281516-1/international-coverage-us-financial-crisis
https://edition.cnn.com/2020/01/11/politics/millennials-income-stalled-upward-mobility-us/index.html
https://www.investopedia.com/articles/03/071603.asp
https://www.nytimes.com/2008/10/03/business/worldbusiness/03iht-sec.4.16681441.html
https://commons.wikimedia.org/wiki/File:Leverage_Ratios.png
https://www.cfr.org/timeline/us-financial-crisis
https://som.yale.edu/centers/program-on-financial-stability/the-global-financial-crisis/financialcrisischarts
https://www.newyorker.com/magazine/2018/09/17/the-real-cost-of-the-2008-financial-crisis
https://www.schroders.com/en/insights/economics/the-global-financial-crisis-10-years-on-six-charts-that-tell-the-story/
https://www.investopedia.com/terms/n/notionalvalue.asp
https://www.investopedia.com/terms/b/bear-stearns.asp#:~:text=Bear%20Stearns%20was%20a%20global,underlying%20loans%20began%20to%20default.
https://smartasset.com/investing/hedge-fund-vs-investment-bank
https://www.economist.com/media/globalexecutive/greenspans-bubbles-fleckenstein-e.pdf
https://www.benzinga.com/general/education/22/01/19235337/this-day-in-market-history-alan-greenspan-issues-dot-com-bubble-warning
https://www.investopedia.com/terms/c/creditdefaultswap.asp
https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_legislation
https://en.wikipedia.org/wiki/Global_financial_crisis_in_October_2008
https://www.investopedia.com/terms/b/bear-stearns.asp#:~:text=Bear%20Stearns%20was%20a%20global,underlying%20loans%20began%20to%20default.
https://www.brookings.edu/wp-content/uploads/2018/08/2018-09-10-10am-FINAL-Crisis-deck-00-85.pdf
https://en.wikipedia.org/wiki/Lehman_Brothers
https://www.moneyandbanking.com/commentary/2020/11/8/the-case-of-the-treasury-account-at-the-federal-reserve
https://en.wikipedia.org/wiki/JPMorgan_Chase
https://americandeposits.com/history-quantitative-easing-united-states/
https://www.ifre.com/story/3375562/synthetic-cdo-machine-whirrs-into-gear-again-ntzlc1mtzp
https://www.imf.org/en/Blogs/Articles/2018/09/05/blog-ten-years-after-lehman-lessons-learned-and-challenges-ahead
https://www.investopedia.com/news/10-years-later-lessons-financial-crisis/
My Music Channel: https://www.youtube.com/channel/UCGkpFfEMF0eMJlh9xXj2lMw
//Soundtrack//
Burn Water - Nostalgia Dreams
Working Men's Club - Valleys (Confidence Man Remix)
Aleksandir - Between Summers
Young American Primitive - Sunrise
Rustic Bellyflop
Nanobyte - Lost Time
Oliver Heldens - Aquarius
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Mosaik - Icarus (Need a Name Remix)
Andre Sobota - Concluded (Original Mix)
Paddy Mulcahy - On A Hill In Swinford
Eluvium - Nepenthe
Burn Water - Fate
Balmorhea - Truth
Burn Water - Soul Mates (
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Hiyo - Don't Go
Gem Club - First Weeks
Juan Rios - What If I Told You
Hammock - Wasted We Stared at the Ceiling
Burn Water - She Shines to Master
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» http://www.soundcloud.com/burnwater
» https://www.patreon.com/ColdFusion_TV
» Collection of music used in videos: https://www.youtube.com/watch?v=YOrJJKW31OA
Producer: Dagogo Altraide
10:21
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
A ‘Big Short’ investor fears an often-overlooked climate risk could see history repeating ...
published: 29 May 2023
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
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- published: 29 May 2023
- views: 579964
A ‘Big Short’ investor fears an often-overlooked climate risk could see history repeating itself in the housing market.
Dave Burt, CEO of investment research firm DeltaTerra Capital, was one of the few skeptics who recognized the real estate sector was teetering on the brink of collapse in 2007.
He helped two of the protagonists of Michael Lewis’ bestselling book “The Big Short” bet against the mortgage market in the lead-up to the 2008 economic collapse. As it turned out, they were right and made millions.
Now, Burt believes the mortgage market is underestimating another systemic issue: flood risk. If realized, he warns the fallout could resemble the massive correction seen during the global financial crisis.
“Ultimately, until people have good information about what these climate-related costs are going to look like, we’re creating new problems every day. I think that’s really the crux of the matter,” Burt told CNBC.
So, why does the U.S. housing market seem to be underestimating the cost of flooding? What does this mean for homeowners and homebuyers in the U.K. and around the world? And what can be done to mitigate this risk?
Watch the video above to find out.
#CNBC #Property #HousingMarket #Floods #ClimateChange #Sustainability
-----
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53:19
Money, Power and Wall Street, Part One (full documentary) | FRONTLINE
In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story o...
published: 13 Aug 2021
Money, Power and Wall Street, Part One (full documentary) | FRONTLINE
Money, Power and Wall Street, Part One (full documentary) | FRONTLINE
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- published: 13 Aug 2021
- views: 6439474
In the 2012 award-winning series Money, Power and Wall Street, FRONTLINE tells the story of the struggles to repair the economy after the 2008 financial crisis, exploring key decisions, missed opportunities, and the uneasy partnership between leaders of government and finance.
This journalism is made possible by viewers like you. Support your local PBS station here: http://www.pbs.org/donate.
In part one of Money, Power and Wall Street, FRONTLINE correspondent Martin Smith interviews leading bankers, government officials and journalists to chart the epic rise of a new financial order—and the trouble that followed. As Wall Street innovated, its revenues skyrocketed, and financial institutions of all stripes tied their fortunes to one another. Smith probes deeply into the story of the big banks—how they developed, how they profited, and how the model that produced unfathomable wealth planted the seeds of financial destruction.
FRONTLINE’s veteran financial and political producers Michael Kirk (The Choice 2020: Trump Vs. Biden, United States of Conspiracy), Martin Smith (The Crown Prince of Saudi Arabia, The Pension Gamble), Marcela Gaviria (The Virus: What Went Wrong?, Separated: Children at the Border) and Tom Jennings (Right to Fail, Opioids Inc.) team up to present this Emmy Award-winning documentary series.
#Documentary #MoneyPowerWallStreet
Subscribe on YouTube: http://bit.ly/1BycsJW
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Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen.
5:35
The 2008 Financial Crisis - 5 Minute History Lesson
It's been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008...
published: 05 Apr 2019
The 2008 Financial Crisis - 5 Minute History Lesson
The 2008 Financial Crisis - 5 Minute History Lesson
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- published: 05 Apr 2019
- views: 1739274
It's been 10 years since the Lehman Brothers bankruptcy, considered the height of the 2008 Financial Crisis. But what caused this behemoth to go under, and how did we find ourselves in a real estate bubble? Let's find out with a 5 Minute History Lesson.
Intro/Outro Music: https://www.bensound.com/royalty-free-music
Episode Music:
Faster Does It by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100794
Artist: http://incompetech.com/
DISCLAIMER: Richard does not have a personal holding in any of the referenced companies
4:39
Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis
Bridgewater founder Ray Dalio says interest rates probably won't rise much from current le...
published: 07 Jun 2023
Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis
Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis
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- published: 07 Jun 2023
- views: 120720
Bridgewater founder Ray Dalio says interest rates probably won't rise much from current levels while talking with David Westin at Bloomberg Invest New York 2023.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
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Financial crisis
The term financial crisis is applied broadly to a variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults. Financial crises directly result in a loss of paper wealth but do not necessarily result in changes in the real economy.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is no consensus, however, and financial crises continue to occur from time to time.
Types
Banking crisis
When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run. Since banks lend out most of the cash they receive in deposits (see fractional-reserve banking), it is difficult for them to quickly pay back all deposits if these are suddenly demanded, so a run renders the bank insolvent, causing customers to lose their deposits, to the extent that they are not covered by deposit insurance. An event in which bank runs are widespread is called a systemic banking crisis or banking panic.
This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Financial_crisis
The first modern financial crisis in the globalize...
The financial crisis no one is fixing | Business B...
How it Happened - The 2008 Financial Crisis: Crash...
Warren Buffett Explains the 2008 Financial Crisis...
A Great Depression Worse Than 2008 - Survive The ...
How the 2008 Financial Crisis Still Affects You...
A ‘Big Short’ investor sees financial disaster bre...
Money, Power and Wall Street, Part One (full docum...
The 2008 Financial Crisis - 5 Minute History Lesso...
Ray Dalio: US at Beginning of Late Big-Cycle Debt ...
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photo: Creative Commons / InSapphoWeTrust https://creativecommons.org/licenses/by-sa/2.0/deed.en
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The Bank of England – not Rachel Reeves – got us into this economic mess
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Republicans still feel pessimistic about U.S. future despite winning White House: report
Although Republicans have won both houses of Congress and the White House, the latest Gallup data shows that they still feel pessimistic about the future of the United States ... Also Read ... 2008, during the financial crisis," during President George W ... .
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New weapons for F-16 and F-35 Hellenic Air Force fighter jets
This initiative aims to address a critical gap created during the years of financial crisis, when defense budgets were virtually non-existent ... The Standing Committee on National Defense and Foreign Affairs has, in some cases, also granted approval ... .
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Americans end 2024 feeling pessimistic about the U.S.
Why it matters. Gallup's monthly data reveals a deep-seated pessimism among Americans about their country ... Gallup's highest-ever finding (71%) came in February, 1999, while the lowest (7%) came in October, 2008, during the financial crisis ... .
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