BBC Documentary: "The Money Trap - How Banks Control The World Through Debt"

This is a short documentary which will speak to any of you who were ever a "revolver", i.e., the number one "mark" of Banksters who use debt to keep you trapped in a circle of hell. If you are reading this, you are lucky. You are already empowered. Many people have no clue what to do when they are ensnared in the Money Trap. 

This documentary looks at one man who took his life and the effect it has had on his family. A British bank executive blows the whistle on the evil which Banksters use to entrap the unsavvy consumer:

 

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Richard Wolff: Get Off The Debt Train, America

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Wolff is telling us we cannot go back to being pinoneers who no longer "Go west", but who, instread, "Go into debt, " as that way only puts us back on a train running down the tracks into a brick wall.

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Fareek Zakaria's Interview Of Harvard's Niall Ferguson:

You are about to enjoy a great interview of Harvard Professor Niall Ferguson who is currently having Op-Ed wars with Paul Krugman in the NY Times. Ferguson, interviewd by a prepared Zakaria, makes a great case that we must have a "regime change" in fiscal policy.

Here are some Ferguson quotes:

" . . . At some point, the nasty fiscal arithmetic will get any country, even the United States . . . which is seen as the most attractive, the most safe haven country to invest it. I've been saying for a while US Treasuries are a safe haven the way Pearl Harbor was a safe haven in early 1941. It's safe until it's not safe. It's safe until the bond market says 'Wait a second, this isn't sustainable . . . we'd like a risk premium."

"Once you find your interest payments suddenly rising, it's very quickly a shift into a death spiral . . . a kind of tailspin in which things compound. The Greeks have been there, Spain is there now. Japan could be next, the UK teetering on the brink and somewhat within the next couple of years, the reality will be the Paul Krugman recipe will end up having costs exceed the benefits."

Ferguson goes on to give his ideas and other's options which are much different than Krugman's and Keynesian Economist's answers to the Crisis up to now.

A very engaging interview:

Part 1





Part 2

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