inside job, the documentary about what happened in the ‘financial crisis’ in 2008- what an important film. you can watch it in full HD quality for free.
and there are still new insights as to what happened exactly, as some recently revealed FED documents show.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates.
The amount of money the central bank [‘the FED’] parceled out […] dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.
basically, what confessions of an economic hitman is about. i read this book years ago, and i find it hard to argue that this not close to what is happening in the world. this clip is made by the renegade economist, who are also behind the four horsemen feature film.
schaut nach einem empfehlenswerten programm aus, beim one world berlin human rights film festival. ab donnerstag eine woche lang. und was für ein schönes poster!
die dunkle seite der konsumgesellschaft: “geplante obsoleszenz” ist die bewusste verkürzung der lebensdauer von produkten um neue wieder verkaufen zu können. so ist z.b. die eher kurze lebensdauer von glühbirnen nicht technisch bedingt, sondern ein produkt von industrie-internen absprachen. schliesslich gibt es in kalifornien eine glühbirne, die nach 109 jahren immer noch brennt.