Posts Tagged ‘financial crisis’

Everything is Great …Until it’s Not

Posted by Brett Greene | Filed under Beliefs, Books, Psychology, The Brain | Oct 24, 2008 | Tags: 9/11, alan greenspan, chile, current events, economic crisis, economic plan, economy, financial crisis, fooled by randomness, General Pinochet, john mccain, news, Pinochet | No Comments

Yesterday Alan Greenspan told congress `That is precisely the reason I was shocked because I’d been going for 40 years or more with very considerable evidence that it was working exceptionally well.” This is a great example of how we are blindly influenced by the way our brains make meaning in the world. What ...Read more.

Money as Debt Video

Posted by Brett Greene | Filed under Money | Oct 22, 2008 | Tags: baks, bank, bankers, banking crisis, current events, debt management, economic crisis, economy, federal reserve, financial crisis, history, money as debt, national debt, printing money, the fed | No Comments

If you have not seen this video, please take the time to watch it. This will explain how we have gotten to this point. Have you ever thought why there is more debt in this world than there is money to repay it? This video will explain it all and more… Paul Grignon’s 47-minute animated ...Read more.

If it Bleeds it Leads – Why do People Love Bad News?

Posted by Brett Greene | Filed under Advertising, Books, Consumerism, Media, Psychology, Spin | Oct 17, 2008 | Tags: 9/11, crime, crime decline, current events, economic crisis, economy, fear, fear in marketing, fear mongering, financial crisis, financial news, global economy, Media, news, power of fear, scare tactics, self help, self help gurus, television news, terror, terrorism, terrorisy, wall street | No Comments

Have you watched your local nightly news lately? Probably not if you’re like most Americans under the age of 61, but you’ll still get my point. I’m guessing you’ve watched more financial news in the last month than usual in reaction to fear around money, stocks and the economy in general. I accidentally saw the ...Read more.

How Much Do Financial Experts Really Know?

Posted by Brett Greene | Filed under Marketing, Money, Videos | Oct 15, 2008 | Tags: bear stearns, current events, debt, economic crisis, economy, financial crisis, george parr, hedge funds, mortgage debt, news, subprime mortgages | No Comments

Why are we listening to financial “experts”? Have you noticed that all of the so-called experts on television and in print are the same people who did not notice or warn anyone about the current financial situation? So what gives them the expertise to now give out advice on how to repair it? Before you ...Read more.

Maxed Out Movie Explains How Credit Card Companies Operate

Posted by Brett Greene | Filed under Consumerism, Money, Movies, Videos | Oct 11, 2008 | Tags: 60 minutes, bailout, credit, credit card meltdown, credit cards, credit meltdown, current events, dave ramsey, debt, debt management, debt recovery, economic crisis, economy, film, finance, financial crisis, financial peace, movie, payday loans, predatory lending, total money makeover | No Comments

It’s already being prophesized that the next financial meltdown wave will be focused on credit card debt. The abuse of credit cards by both lenders and borrowers has been well documented for awhile. Since most of the population blindly racks up credit card debt with little awareness around the pitfalls of being on the giving ...Read more.

Our “Unpredictable” Economic Crisis Was Predicted 12 Years Ago

Posted by Brett Greene | Filed under Books, Money, Politics, Spin, Videos | Oct 8, 2008 | Tags: bailout, bank crisis, banking, current events, economic crisis, financial crisis, fooled by randomness, greed, Nassim Nicholas Taleb, news, the black swan, wall street | 1 Comment

Nassim Nicholas Taleb, the #1 NYT Best Selling author of Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets and The Black Swan: The Impact of the Highly Improbable, predicted the current banking crisis 12 years ago. As a trader for 18 years, and an intelligent critical thinker his entire ...Read more.