How The Credit Crunch and Credit Crisis Happened (Video)

This is by far the best and easiest to follow video describing how the credit crisis worked. Its in two parts with the first part showing how the mortgages were sold and repackaged to bankers and the second part showing the inevitable collapse.

Anyone who thinks this system is far too complicated needs to think again. The credit crunch can be accurately summed up in 11 minutes of YouTube. Check it out:

Part 1:

Part 2:

Comments

  1. I think that what many of us have missed is that this has not happened simply as a result of recent trends.
    I feel many do not truly appreciate history and only tend to believe what we see on the news.
    If you believe that war is the most expensive thing that mankind indulges in,
    ( please research this for yourself ) then it is not difficult to conclude that the world has been operating in a state of bankruptcy since the second world war.
    If Rothschild is alleged to have made $200,000,000 as a result of lending the U.S government the money for war, how on earth is this ever going to be repaid.
    Heaven only knows what this figure is by today’s standards.
    I see the only solutin is a passive income, wherby you do not trade time for cash.
    One solution is to generate an on line income.
    Should this appeal to you, please watch the presentation video on my site which teaches you how to do three things.
    1, take a product
    2, put it on a website,
    3, drive customers to it.