GayandRight

My name is Fred and I am a gay conservative living in Ottawa. This blog supports limited government, the right of the State of Israel to live in peace and security, and tries to expose the threat to us all from cultural relativism, post-modernism, and radical Islam. I am also the founder of the Free Thinking Film Society in Ottawa (www.freethinkingfilms.com)

Friday, November 04, 2011

Overdose - The Next Financial Crisis to play in Ottawa Nov. 12th



Overdose - The Next Financial Crisis
November 12, 2011, 1:30 PM
Library & Archives Canada
395 Wellington
Ottawa

Part of the 2nd Annual Free Thinking Film Festival 2011


When the world’s financial bubble blew, the solutions was to lower interest rates and pump trillions of dollars into the sick banking system. The solution is the problem, that’s why we had a problem in the first place. For Economics Nobel laureate Vernon Smith, the Catch 22 is self-evident. But interest rates have been at rock bottom for years, and governments are running out of fuel to feed the economy. The governments can save the banks, but who can save the governments? Forecasts predict all countries’ debt will reach 100% of GDP by next year. Greece and Iceland have already crumbled, who will be next? Have you taken out a mortgage, invested capital or bought shares? If you have, likelihood is you lost out in the latest bust. Governments promised decisive action, the biggest financial stimulus packages in history, gargantuan bailouts: but what crazed logic is this, propping up debt with…more debt? This documentary brings an entirely fresh voice to the hottest topic of today.

Speaker: Matt Bufton of the Institute for Liberal Studies

1 Comments:

Blogger Dollops said...

It has been obvious for at least 30 years that even governments are not too big to fail, so why do the -occupiers- of the world still clamour for government solutions to economic SNAFUs that will self-correct if left to their deserved consequences? Answer: selfish denial.

12:42 PM  

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