The global economy is a pyramid scheme | End of the Road (full documentary)

There was a time when one earner could support an entire family. However, due to escalating costs in the 1970s, it became necessary for wives to enter the workforce. By the 1990s, even two incomes were insufficient, leading families to abandon savings. By the 2000s, with both partners working and no savings, families began borrowing well beyond their means to cope with inflation.

This documentary traces the global economic crisis from the Bretton Woods Agreement to the Nixon shock and the Occupy Wall Street movement. It reveals how the U.S. Federal Reserve has led not only the American economy but also the global economy to function much like a Ponzi scheme.

Since the pandemic, debt expansion is out of control. Are we headed for another recession or a total economic collapse?
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Chapters
▷ 00:00 – Intro
▷ 03:36 – Bretton Woods (1944)
▷ 05:35 – Nixon shock (1971)
▷ 07:53 – Fiat currency
▷ 09:50 – Ponzi scheme
▷ 11:20 – IOU bonds
▷ 16:10 – Inflation and purchasing power
▷ 21:30 – Occupy Wall Street (2008)
▷ 24:01 – Great Recession
▷ 27:00 – Money printing and bail out
▷ 33:08 – Return to gold
▷ 37:25 – Manipulation of gold prices
▷ 39:58 – Bullion banks and fraudulent accounting
▷ 47:14 – Conclusion
▷ 53:30 – Credits

#economy #global #inflation #ponzischeme #debt #crisis #documentary #gold #wocomoDOCS

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In 2008 the world experienced one of the greatest financial turmoils in modern history. Markets around the world started crashing, stock prices plummeted, and major financial institutions, once thought to be invincible, started showing signs of collapse. Governments responded quickly, issuing massive bailouts and stimulus packages in an effort to keep the world economy afloat.

Although we’ve been told that these drastic measures prevented a total collapse of our system, a growing sense of unease fills the population. In the world of finance, indeed in all facets of modern life, cracks have started to appear. What lies ahead as a result of these bold money printing measures? Was the financial crisis solved, or were the problems merely kicked down the road?

Filmed in London, Tokyo, Sydney, Los Angeles, San Diego and Stamford CT, End of the Road features a vast range of commentators including billionaires, fund managers, philosophers, best-selling authors, radio hosts, government consultants and Members of Parliament.

Original title: End of the Road
Directed by Tim Delmastro

© 2012, Licenced by Sideways Film

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Documentaries about politics, society and science produced by leading studios around the world. Our goal is to be a reliable source of high-quality information and investigative journalism for a better understanding of relationships, backgrounds and future developments.

Source: https://www.youtube.com/watch?v=6F7h1VJGp8w