Economics Professor Michel Chossudovsky gives a lecture on the ongoing and deepening global financial crisis.

The lecture is in 8 parts and I have enclosed all 8. In his talk he will discuss all of the inter-connected and interrelated parts of the financial fiasco. He also gives solutions to prevent future occurrences.

Please excuse the 1 minute Spanish language introduction to the first video. His website was awarded a prize by a Spanish institution for its distinguished work on the negative impacts of globalization. I could not find a video without the 1min. Spanish intro.

His talk covers the following points:

• Causes and consequences of the financial meltdown;
• The speculative onslaught;
• Financial fraud and the “bank bailouts”;
• Bankruptcy of the real economy;
• Impacts on employment, wages and social services;
• Towards a spiraling public debt;
• The economic crisis and its relationship to the Middle East war;
• The centralization of corporate power;
• The concentration of wealth;
• The globalization of poverty.
• What are the policy alternatives?

THE GLOBAL FINANCIAL CRISIS:
The Great Depression of the 21st Century (part 1)

with Professor Michel Chossudovsky

“With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eyeblink.”– Lawrence Parks, Professor of Economics and Executive Director, Foundation for the Advancement of Monetary Education (FAME)

THE GLOBAL FINANCIAL CRISIS The Great Depression of the 21st Century pt 2

“By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.“

–John Maynard Keynes (the father of ‘Keynesian Economics’ which our nation now endures) in his book “THE ECONOMIC CONSEQUENCES OF THE PEACE” (1920).

THE GLOBAL FINANCIAL CRISIS The Great Depression of the 21st Century pt 3

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance”. – James Madison 4th US President

THE GLOBAL FINANCIAL CRISIS The Great Depression of the 21st Century pt 4

“The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers

-- Congressman Louis T. McFadden (Rep. Pa 1934)

THE GLOBAL FINANCIAL CRISIS The Great Depression of the 21st Century pt 5

“A great industrial nation is controlled by it’s system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world–no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men.“

–President Woodrow Wilson(1912-1920)

THE GLOBAL FINANCIAL CRISIS The Great Depression of the 21st Century pt 6

“From now on, depressions will be scientifically created.”

– Congressman Charles A.Lindbergh Sr. , 1913

(He said this in response to the passage of a law that established the privately owned Federal Reserve Bank)

THE GLOBAL FINANCIAL CRISIS The Great Depression of the 21st Century pt 7

“All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.”

–John Adams, letter to Thomas Jefferson

THE GLOBAL FINANCIAL CRISIS The Great Depression of the 21st Century pt 8

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” — Money: Whence it came, where it went – 1975, p15 –John Kenneth Galbraith,

Economist, Former US Economic adviser, once President of the American Economic Association, Harvard and Princeton Professor, Author and former US Ambassador to India

( I highly recommend the reader review the wikipedia article on this man who is perhaps the most distinguished economist of the 20th Century.

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