In 2008 greed and recklessness by the titans of Wall Street, years of deregulation by the US government and faulty ratings from credit agencies triggered the biggest financial crash since The Great Depression.
In this 4 part documentary series produced by the Canadian Broadcasting Corporation (CBC), Terence McKenna takes viewers behind the headlines and into the back rooms of world governments and financial institutions, in an attempt to explain the events and decisions that led to the 2008 meltdown.
If you think that politicians and financial institutions have now learned their lesson and the crash of 2008 will not repeat itself – think again.
This documentary has nothing to do with the biblical concept of the Four Horsemen. It identifies the modern day Four Horsemen as:
1) A rapacious financial system
2) Escalating organized violence
3) Abject poverty for billions
4) The exhaustion of the earth's resources
In this film various economists, former government advisors, former Wall Street insiders and a host of other speakers, explain the mechanics of the current global financial and economic system and the enormous imbalance that it creates. I don’t agree with the solutions that are offered as a remedy by some of the speakers, but the overall content is highly informative.
As always I recommend that you draw your own conclusions.
By now it is (or should be) a well known fact that the United States is nearing societal and economic collapse. Lawmakers cry “we’re broke” as they slash budgets and leave many Americans scrambling to survive.
Meanwhile, multibillion-dollar American corporations like Exxon, Google and Bank of America are making record profits. And while the deficit climbs and the cuts go deeper, corporations with intimate ties to political leaders are concealing colossal profits overseas to avoid paying U.S. income tax.
‘We’re not broke’ is the story of how fed-up Americans from across the country, take their frustration to the streets and vow to make the corporations pay their fair share.
In the aftermath of the worst financial crisis in living memory BBC business editor Robert Peston examines how the world got to this point, and how the colossal imbalances in the global economy have left the UK in need of a radical economic overhaul.