Overdose: The Next Financial Crisis

00:00:02 [The Federal Reserve has cut its key interest rate to the lowest level…]

00:02:38 So, the solution is the problem.

00:05:41 in our 30 years of trend forecasting.

00:07:29 When you see the stock market come down and real estate bubble burst

00:09:34 You don’t have the money?

00:11:07 is a sense that they’re guaranteed by the government.

00:12:49 Well, greed has to be balanced with a certain amount of fear

00:14:17 How can you promote home ownership if people can’t afford a home?

00:15:42 with Moody’s and with Standard & Poor’s.

00:17:18 suddenly didn’t know what they had bought.

00:19:21 they’re dumping funny money into the system to keep it going.

00:21:21 Even banks who don’t want the money

00:23:03 as to who would get the money and who wouldn’t get the money.

00:24:42 and the executives gave them just enough political cover to say:

00:26:26 And let’s buy everything we can. Let’s print money and buy mortgages.

00:28:21 The town of Union is located a few hours from the Canadian border.

00:30:13 But one face is everywhere.

00:32:03 people are feeling that they ran into additional debt due to that bonus

00:33:38 Haven’t we been here before?

00:36:13 I don’t think they needed my money down there.

00:38:04 than all presidents before him

00:40:03 How would the world react if the next entity to declare bankruptcy

00:41:47 Swedes have never carried more debt in relation to their income.

00:43:43 to be paid for this.