Credit Finance

Niall Ferguson - renowned professor of History and Business Administration at Harvard, Senior Research Fellow at Oxford and the Hoover Institute, and author of “The Ascent of Money: A Financial History of the World” - provides a riveting historical perspective on the financial crisis. He discusses at length: (a) the historically bumpy evolution of the financial system via periodic crisis; (b) the boom-bust cycle of assets prices due to never changing human psyche; (c) the severity of the current financial crisis on account of excessive risks undertaken by investors; (d) the poor appreciation of risk in modern financial services industry due to general ignorance of financial history and reliance on limited duration mathematical models; (e) the origins of the sub-prime crisis, including the political dogma of increasing housing ownership rates and the moral hazard introduced by securitization process; (f) the susceptibility of insurance industry to financial crisis on account of entry into credit default swaps (CDS) market; (g) the fallacy of Greenspan Fed’s doctrine of focusing on consumer prices and ignoring asset prices; and (h) the role of 1997-98 Asian financial crisis in facilitating massive capital infusions into the United States over the last decade. In addition, he delves into: (i) the unique China-America relationship that enabled US consumer to engage in profligate spending as well as speculation on housing prices; and (j) the long-term impact on US power and …

Barry Eichengreen - renowned professor of Economics and Political Science at the University of California Berkeley, former senior advisor to the IMF, author of “Globalizing Capital: A History of the International Monetary System”, and editor of “Rescuing our Jobs and Savings: What G8 Leaders can do to Solve the Global Credit Crisis” - provides a detailed overview of the financial crisis. He discusses at length: (a) the excessive risk undertaken by a variety of financial institutions as a result of gradual deregulation of financial services sector in the second half of 20th century; (b) the role of both Republican and Democratic parties in maintaining deregulation policies following introduction of US President Ronald Reagan’s “free markets” ideology in 1980; (c) the inability of the US to properly manage or channel massive capital inflows from the developing world - especially China - during the last decade; (d) the failure of Bush administration to mount an adequate response to the financial crisis on account of its initial state of denial, financial engineering mindset, and “free markets” ideology; and (e) actions - such as, interest rate increases, deficit reduction, recapitalization of banks, and economic stimulus - that would have greatly mitigated the severity of the financial crisis. In addition, he dwells on: (f) the impact of the financial crisis on American power and globalization, as well as (g) the nature of institutional reforms required at global level to …

I apologize for the clicking noise on the audio. After losing my camera at a wedding I bought a new one and I guess I already have to take it back. I should have the clicking fixed by the time I make a new video. I had these coins from my Great-grandfather and forgot all about them.

Niall Ferguson - renowned professor of History and Business Administration at Harvard, Senior Research Fellow at Oxford and the Hoover Institute, and author of “The Ascent of Money: A Financial History of the World” - provides a riveting historical perspective on the financial crisis. He discusses at length: (a) the historically bumpy evolution of the financial system via periodic crisis; (b) the boom-bust cycle of assets prices due to never changing human psyche; (c) the severity of the current financial crisis on account of excessive risks undertaken by investors; (d) the poor appreciation of risk in modern financial services industry due to general ignorance of financial history and reliance on limited duration mathematical models; (e) the origins of the sub-prime crisis, including the political dogma of increasing housing ownership rates and the moral hazard introduced by securitization process; (f) the susceptibility of insurance industry to financial crisis on account of entry into credit default swaps (CDS) market; (g) the fallacy of Greenspan Fed’s doctrine of focusing on consumer prices and ignoring asset prices; and (h) the role of 1997-98 Asian financial crisis in facilitating massive capital infusions into the United States over the last decade. In addition, he delves into: (i) the unique China-America relationship that enabled US consumer to engage in profligate spending as well as speculation on housing prices; and (j) the long-term impact on US power and …

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Self Interest and the Secret of Money money = survival = self-interest the polarity by which the money system exists is: either you have money, or either you dont. in the rich parts of the world the upper class, life has become equal to the possession of money. Life is lived because of money. Life is organized and moulded in accordance with the demands and requirements of money. Life is one big worry-trip over money, because it is not available unless you choose for self-abuse. Labour in te current system is self-abuse. Schools are self-abuse. If people would for instance work under the exact same circumstances as they curently do, but without getting paid for it, the self-abuse would be obvious. The power of money: for money well put up with self-abuse and even be gratefull. Children understand their education, through extensive schooling, is aimed towards accomodating to this life, and this is taken for granted - it is all that is known to them, it is all that has ever been presented to them. A child sees that whenever something moves or happens, there is money involved - everything in this reality must be bought. Therefore, basically, children see that money makes things appear: only money makes things possible - money is that which creates this is how children are brought up to become possesed by money - and clearly it is each one for themselves. see, when there exist a lack of money, the “each one for themselves” is created. In the background of everyones lives exist …

Charman bernancke (wed 2-25-2010) warned Congress that the Federal Reserve would not back US spending at current deficits. That means financing from overseas, tax hikes, or default. It also means a severe limitation on funds supplied to the system. Expect credit to dry up almost completely, and interest rates to rise as money becomes scarce…! Washington Post: Article www.washingtontimes.com Donate: Donate: www.s119320640.onlinehome.us

We break down what the government reform means for you.

Consumer “Bill of Rights” Looks to Ban Unilateral Changes, Apply Rate Increases to Future Debt, Prohibit Interest on Fees, and Prohibit “Universal Defaults”