OR: How We Got Here…
This American Life has a great episode on the financial crisis. This is required listening, and easily explains the entire situation. HIGHLY RECOMMENDED.
Podcast Download Here, from NPR’s This American Life
Filed under: Uncategorized , bad banks, economy, financial crisis, ira glass, tal, this american life
The professor’s “twin peaks” chart mentioned in the podcast reminded me a lot of the “Money As Debt” description of where money comes from and the results of ever inflating amounts of lending. If you haven’t watched it, I highly recommend “Money as Debt”. What we may be seeing now is the implosion that is the endgame.