If you haven’t been in a coma the last couple of years, then you might have noticed that the economy is crashing, food and gas prices are on the rise, and if people weren’t protesting in your city square, then they were protesting in one close by. However, as shown by the following 6 films, these instances and many others are tightly interconnected, and there are people looking into what’s causing them, where they’re leading humanity, and what can be done about them. Collapse The present & future forecast of the world’s problems, & how they’re forcing humanity into a new era, through the lens of Michael C. Ruppert Meltdown: The Secret History Of The Global Financial Collapse The 2008 financial crash and the events that followed revealed humanity’s tight global interconnectedness & interdependence Blind Spot Peak oil’s complex multi-crisis & its challenge upon a society rooted in generations of self-interest values Inside Job How the commonly held value of “maximize your profit” led to the 2008 financial crisis Earth 2100 Crises unfold integrally, not individually, exceeding national & disciplinary borders, & forcing humanity to adopt a global approach to solving them Zeitgeist: Moving Forward The realization of the negative influence of a society that prominently values individual self-interest upon human development & the need to build a new kind of social influence that promotes people’s...
Inside Job presents how a chain of actions and decisions underpinned by increasing self-interest in the U.S. financial sector over the past 50 years has brought the U.S. to its current worsening socio-economic state. Maximized Self-Interest – The Financial Crisis Time-Bomb Ticker The key point that Inside Job presents is how the “securitization food chain” developed – borrowers, lenders, investment banks, investors, ratings agencies – governed by the commonly held value of maximized self-interest at every rung of the chain. It shows how precisely this chain was the ticking financial crisis time-bomb that exploded in September 2008, the effects of which are felt worldwide until today. Here’s how maximized self-interest worked at every level of this chain: Borrowers wanted loans for buying homes or other high-cost assets (and since it was in the financial interest of people in the higher parts of the chain for as many people as possible to get loans, then loans were highly promoted during the first years of the 2000s) Lenders wanted the extra money they could make from any loans they provided, no matter how risky, since they sold all the loans to investments banks Investment banks wanted the extra money they could derive by collating all the loans they bought into complex derivatives called CDOs (Collateralized Debt Obligations), and selling those CDOs to investors Investors wanted the extra money they would get from the borrowers paying back the loans (the CDOs) Ratings agencies, which were hired by investment banks to evaluate the CDOs, wanted the extra money they would get from giving high ratings to the CDOs (since people in the ratings agencies would get paid more for giving CDOs...
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