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 03/04/2009 13:13:51
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Systemic Anomaly
Joined: Aug 22, 2005
Messages: 3279
Location: Lost in La Mancha
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http://podcast.thisamericanlife.org...podcast/375.mp3 This is the best layman's description of the whole banking/economic mess I've heard. Hearing this, I no longer have a thought bubble with "???" inside whenever I see something on the news or read an online article or whatever about what's going on in our chilly economic climate. It's very basic. What is a bank, and how do they run? Why do we even need banks...can't we just let them go under? Explained in simple terms using easy analogies. Great stuff! Although keep in mind, this will only be up for a week as a free download, after that you have to pay for it. So download it by this weekend if possible, its worth it! More info: http://www.thislife.org/Radio_Episo...spx?episode=375
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03/04/2009 13:54:45
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Jacked Out
Joined: Aug 18, 2005
Messages: 5866
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I'll be listening to it, but I thought I'd post a nice two-part, 11-minute video explanation on Youtube: The Crisis of Credit Visualized [Part 1] [Part 2]
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03/04/2009 14:36:44
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Systemic Anomaly
Joined: Aug 16, 2005
Messages: 1056
Location: Mexico City, Mexico
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Sykin wrote: I'll be listening to it, but I thought I'd post a nice two-part, 11-minute video explanation on Youtube: The Crisis of Credit Visualized [Part 1] [Part 2]
Great video. I'll show it to my wife, so she understand it better. She's very patience hearing my explanations, but sometimes I tend to be a little bit too dense.
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03/04/2009 17:46:46
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Systemic Anomaly
Joined: Aug 16, 2005
Messages: 2250
Location: Vector Organization: Merv Faction: Dark Evolution Rank: Faction Leader Take the Blackpill, Evolve
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http://www.zeitgeistmovie.com/
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03/04/2009 18:16:18
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Mainframe Invader
Joined: Sep 5, 2005
Messages: 360
Location: Club Janus
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I just finished listening to the entire thing and it honestly cleared up many things for me. They really simplified the entire ordeal in clear cut manner and made it hit home the fact that everyone is in for some hard times ahead of us without giving the "Doomsday" vibe.
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03/04/2009 18:25:15
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Systemic Anomaly
Joined: Aug 22, 2005
Messages: 3279
Location: Lost in La Mancha
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Sykin wrote: I'll be listening to it, but I thought I'd post a nice two-part, 11-minute video explanation on Youtube: The Crisis of Credit Visualized [Part 1] [Part 2]
Thats a good video. Although the podcast is even more basic and more simple and goes beyond the subprime stuff and into the big banks themselves. The ones who are basically insolvent, like CitiGroup, B of A, etc. Its basically, You have these huge banks that can't balance their books. What happens then?
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03/04/2009 18:29:52
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Systemic Anomaly
Joined: Aug 22, 2005
Messages: 3279
Location: Lost in La Mancha
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Akunin wrote: I just finished listening to the entire thing and it honestly cleared up many things for me. They really simplified the entire ordeal in clear cut manner and made it hit home the fact that everyone is in for some hard times ahead of us without giving the "Doomsday" vibe.
Yeah, it was really impressive, and its wasn't shill or hysterical or abstract. Glad you were impressed with it too...I like things that can be explained very simply and clearly. Where a lightbulb goes off and you say, "Oh okay, I get it now!" The girl in it sounds cute too 
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03/04/2009 18:47:58
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Ascendent Logic
Joined: Apr 12, 2006
Messages: 775
Location: Creston Heights
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nice find...but 7 minute abs is better...
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03/04/2009 21:50:45
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Clairvoyant
Joined: Jul 12, 2007
Messages: 474
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Watch any video of Ron Paul speaking about it.
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03/04/2009 22:07:17
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Systemic Anomaly
Joined: Aug 16, 2005
Messages: 5154
Location: HvCFT Devildog
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Man, I'm glad I took the time to listen to this. Like he said in the beginning, this is one of those news stories that I was planning on sitting out. I didn't really see how any of this could possibly affect me, and most of the crap they talk about on TV never really made sense to me. But this sure was an eye opener. Thanks for posting this.
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