The real cause of USA economic meltdown

Hmmm... I do not have sound on my computer, so I apologize for not watching and listening to the video. However, I do have an opinion as to the current financial crises. (Just like everyone else, I bet!) The cause of the financial crises is that key leaders of our society have tried to change our culture by pretending and imagining things are the way they wish they were instead instead of viewing reality for what it is. Additionally, these same leaders have tried to change our country to what they think it should be by pretending it is. Want a specific? Instead of viewing American as a country where any hard working honest person can be frugal and get a home, liberal leaders saw America as a place that kept some folks from home ownership because of bigotry and discrimination. Therefore, in their minds, the solution is to pretend that all persons have the work ethic and discipline to buy a home, if only the small minded mean bankers would relax their bigoted discriminatory loan policies. This delusion lead to the logical conclusion of pressuring bankers (who still should have known better) to make loans that were known to be unsound, causing a lot of the current mess. In fact, in general, liberal idealogues pretending things are the way they wished as opposed to the way they are, causes many different problems. This is a general recipe for screwing almost anything up. Just a few things messed up by this dysfunction are education, national defense, and welfare, to name a few.

the real reason is the war on iraq!

The real cause of USA economic meltdown: This country keeps giving all of our resources to OTHER countries. Bottom line.......yes, its BUSH's fault.........

Unfortunately I could not see the video. It was taken off by Warner Music Group who had the copyright. But I did find this video http://www.youtube.com/watch?v=1RZVw3no2A4 and this http://www.youtube.com/watch?v=AiEWCnpNnBQ&feature=related and this one http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=related you had better get and watch it before Obama and his croonies remove them.

The video is no longer available apparently it was copyrighted it has been removed

This has been brewing much longer than 30 years. The first documented time this took place was when the Rothschild family spread through Europe the rumor that Napoleon had defeated the British. The economy crashed within days and the Rothschild families banks bought all the assets for pennies on the dollar. Then of course when the truth came around that Napoleon was defeated the economy began to emerge strongly, then it was all owned by one family. The same thing happened here in 1913 when Woodrow Wilson agreed to sell us to the Federal Reserve Bank, which Franklin and Jefferson would have greatly dissapproved of. He gave this international bank the authority to print our money and control our economy behind closed doors. Then after they financed WW1 for us they influenced a depression. The stocks fall, the banks go bankrupt, again these same banks and families come in, buy everything for pennies on the dollar. Markets go up, everything is owned by a few people. Now here we are again, they've been inflating our money without the approval or oversight of the public, Congress,or Senate. They manipulate interest rates, create market bubbles, etc. Everything they do is done in secret, even though it's our money their playing with. Now we see the cycle again, just a few days ago J.P.Morgan & Chase bought out WaMu when WaMu realised they didn't have enough cash for all their accounts. (No bank actually does by the way, that's called Fractional Reserve Banking, but thats another topic) These pawns running for President have no intention of doing anything about the real problem, the Federal Reserve Bank.

Hello Clrumfelt, WOW!!! This is a must see video! So, the only real private sector job that Sen. Obama has ever held was also tied to this sub-prime meltdown. Sen. Obama worked at the law firm: Miner, Barnhill, and Galland, where in 1994 he represented Calvin Robertson in a case that alleged that Citibank "systematically denied mortgages to African American applicants, and others from minority neighborhoods." Yup, that fit in very nicely with "The Community Reinvestment Act". Way to go Barney Franks and his fellow socialists. (quote from the video) "... he was 'smart, innovative, relentless', and he mostly let others do the talking." Isn't that what Sen. Obama chose to do with the current subprime meltdown? He didn't want to go back to D.C. to be part of the solution -- he was satisfied to leave the problem resolution to other legislators? Does that reflect Sen. Obama's level of confidence in his negotiating skills? Or, does it reflect Sen. Obama's lack of leadership skills? Or, is it a recognition of his woefully thin resume -- that he thought it best to leave the 'big issues' to the 'big dogs'? Or, did he just not want to lose any campaigning time? To Hades with the solvency of the national economy -- he doesn't have to demonstrage any leadership as long as he 'looks presidential' when he tells the dopey voter that he cares about their economic woes. Yup, that's some kind of leadership! "Bad Social Engineering Caused This!" -- I couldn't agree more! "Hope-ocrisy" caused this! -- I couldn't agree more! Yes, the facts speak for themselves -- if we have to courage to open our eyes to objectively review those facts. I'll also comment on the culpability of delusional perspective as it relates to this problem, and the view of socialism as the salvation of our nation. As I have pointed out time and again -- Governmental Socialism has failed every time it has ever been tried. It failed in the Plymouth Colony under William Bradford, who fortunately had the wisdom to abandon the other colonists' communal vision after they lost half of their numbers to famine and disease. It failed under the former USSR (United Soviet Socialist Republic), it failed in Cuba, it failed in China, it is failing in Venezuela, and it has never been self-sustaining in Europe -- where many are embracing the separation of the socialist-capitalist model. Heck, when the taxes due at the time of a vehicle purchase match or exceed the actual cost of the vehicle it cannot be viewed as a great success! Thanks for sharing this, Clrumfelt. It is very, very thought-provoking!