Diving deep into the true causes of the Great Recession, the financial crisis of the 2010s, renowned economists, investo | dG1faHVydDJNMm9JTDQ
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00:00All this has happened before, and it will all happen again.
00:09The reality is we have gone from a stock market bubble, now we have a housing bubble,
00:14and when it breaks, whatever causes it to pop, then a lot of people are going to find out,
00:20oh my God, you know, not only are my stocks down, my house is down too, and now what do I do?
00:25Charlie, this was the day we were afraid to wake up to, the bankruptcy of one major Wall Street investment bank,
00:31the shotgun wedding of another.
00:34You can't be distracted, what's going on with the war, what's wrong with the economy, stop worrying about that.
00:39They're not only doing the wrong thing, they're doing exactly the opposite of the right thing.
00:43We got into our mess by spending too much money, running up too much debt, and printing too much money,
00:48and that's exactly what we're doing.
00:50Which, by the way, would seem how we got into this state of affairs in the first place.
00:54It's a good place.
01:00Uh-uh, you have to work for money, kids.
01:02No you don't, it comes from the machine in the wall, I've seen it.
01:06Yeah, you just have to push buttons.