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Money For Nothing ~via @Occupy

Posted 10 years ago on Oct. 4, 2013, 5:48 a.m. EST by OccupyWallSt (1) from Plainfield, NJ

Hindsight may be 20/20, but luckily for filmmaker Jim Bruce, so was his foresight into the financial crisis of 2008. Prior to the collapse of the housing market, Bruce was a film editor for movies like "X-Men: The Last Stand" and "The Incredible Hulk." But Bruce also had been reading up on financial news and recognized that many of the biggest banks were over-leveraged and at risk of failing.

"I was writing an email newsletter to family and friends starting in late 2006 saying 'watch out'," he recalls. "You didn't have to be a rocket scientist to see how bad the mortgages being given out were." Bruce recognized that a small increase in foreclosures would wipe out the over-extended lenders. So while millions of Americans invested in new homes, Bruce was investing in their implosion.

"All I did was short home builders and banks," he explains. His short bets paid off big, as Countrywide tumbled and AIG collapsed, doubling his investment. Now what to do with all that money? The answer: Make a down payment on a documentary about the Federal Reserve, which Bruce believed had not been held accountable for its role in creating the financial crash that made him a bundle.

The product of Bruce's back-handed thank-you is "Money for Nothing," a sometimes harsh, sometimes cautious critique of the Fed and its 100-year history. The film includes many candid interviews with current and former members of this immensely powerful financial institution, including active regional governors and current vice chair Janet Yellen (who many suspect will replace current chairman Ben Bernanke to become the first woman to lead the central bank).

See more at: http://www.occupy.com/article/film-about-fed-funded-mortgage-crisis#sthash.LbvE1L6N.dpuf



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[-] 1 points by IrishRevolt (5) 10 years ago

This nations economy is fucked because the people dont own their money.

They shipped your jobs out.

They sold your water/food out.

They sold your military out.

They sold your interest rates out.

Debt based society on fiat money is a joke. The quickest collapse in the history of the human race.

[-] 4 points by shadz66 (19985) 10 years ago

'They sold you out' To The Military !!! Thus, consider :

Re. ''This nations economy is fucked because the people don't own their money'', also try to consider :

fiat lux, fiat pax et fiat justitia ...

[-] 1 points by childseyes (85) 10 years ago

Is the MIC laundering money for the NWO?

[-] 5 points by shadz66 (19985) 10 years ago

''The Financial Core of the Transnational Capitalist Class'', by Peter Phillips and Brady Osborne :

''Democracy For Dollars'', by Bill Moyers : http://www.youtube.com/watch?v=-AqZiJFMBOE [4.44m]

If you can access 'RT' online or on cable (and I'd be very interested IF you can) then see their show ''Sophie & Co'' which has Karen Hudes on today - {7th Oct.'13} & she is speaking with an insiders knowledge on a myriad of intricate, interconnected and interesting matters which are extremely pertinent to the state of affairs we are all suffering from. I can't recommend this highly enough.

fiat lux ...

[-] 1 points by IrishRevolt (5) 10 years ago

Mother Fuckers!!!

[-] 1 points by IrishRevolt (5) 10 years ago

""You didn't have to be a rocket scientist to see how bad the mortgages being given out were." "

Thats excellent. Ask some realtors during the boom what was causing the inflation. Were massive amounts of people moving to the country? Was the job market exploding? Did all the free trade agreements become reversed?

Is the house now working harder than it had in the past?

No no no no and no.

Cheap money. Try telling them that. No one wanted to listen.

[-] -1 points by MyBrothersKeeper (-36) 10 years ago

This should be the focus of this forum. Getting this video out EVERYWHERE! This thread is the first real mention on this site of how we are getting fucked. I almost couldn't believe this video was posted by the forum administration but I'm glad it was. Please take time to understand and share this video and this topic.

[-] -2 points by MyBrothersKeeper (-36) 10 years ago


[-] -2 points by MyBrothersKeeper (-36) 10 years ago