How the 2008 Financial Crisis Still Affects You

As someone who was still in middle school in 2008, I never really understood what happened. Even watching documentaries and movies about this crisis didn’t help much. But this video here is such a clear and structured piece of work that finally give long awaited answers for me.

Really awesome to live in the information era.

The Title should read: " How the 1971 Financial Crisis Still Affects You"
I appreciate the attempt to enlighten, but you are missing the boat. 2008 was the breaking point of the pure fiat system started by Nixon.
We are a gold backed republic by the decree of our constitution.
The rest of the world in realizing the game is up and real money(trillions) is headed for silver and gold.
Crypto is for kids and will be wiped out.
Everything you're talking about are symptoms of a fiat system. It's the ability to inflate whenever you want to promote growth. That was the goal of the USA. We export monopoly money and receive real goods and services in return.
I wish you would give out meaningful info.

Imagine if the US government had spent that $2.5 trillion dollars on stimulus measures. People could have money to go out and buy products and services from local businesses, and keep themselves out of poverty. When will we get violent about this type of tyranny? Nothing else is working

Cold fusion is my favorite channel on YouTube. I never missed any of your videos. Thumps up for the good work 👍

I would argue the real economy started declining from 1994 when Alan Greenspan changed the measure of inflation, the BoE followed and so did other central banks, that's when the everything bubble started!

Great video. All these financial catastrophes are only possible because the world is on an unbacked fiat standard which allows for artificially near 0 interest rates, which cause all these distortions, risk-taking, and blow-outs. Agains and again. The only solution is to return to a gold standard of hard money. This time though the world will likely go on a hard money standard with Bitcoin, which is digital gold for the digital age.

None of them get punished for playing with people’s lives………….

Economy + Greed = Ticking Time 💣

Mainstream media: *creates news why younger gen are not able to buy just one home because they had to live paycheck-to-paycheck and because they often buy expensive coffees.

Cold Fusion TV: *Explains the cause of major financial crisis, which are the greedy financial institutions.

Mathematicians and economists on financial institution who survived financial crisises: "It wasnt us who caused that, but let us invent new higher risk higher return product in a more modern world, so we can serve to our hungry 'share holder'".

So when will be our next crisis?

Good piece, but oh man, there was so much more! Bernie Madoff and the nonprofits all going bust, IndyMac and the non-too big to fails going thru potential runs on FDIC funds, forced mergers of all the banks to give access to the discount window.

But well done.

"Think of assets that have no financial engineering behind them. Physical gold and silver, government bonds and plain old cash."

Ehhh? These are all products with no inherent value. Even gold is just a piece of metal. And talk to a financial professional? Arent those the ones who created this mess? In uncertain times, just dont be stupid. Dont take on large loans. Pay off debts you might have. Make sure you have a steady job in a non-volatile industry. Make sure you have some savings. And dont, and I mean dont ever listen to anyone who tells you he has a "magic" solution. Unless you are among the 0.01% who actually has any influence at all, there is no such thing. Sometimes you will just get f-ed and the only thing you can do is get f-ed as little as possible. In the end , you dont live to make money, you make money to live. As long as you remember that, you'll be alright.

When you're criticizing Ben Bernanke, for starters, hindsight is 2020, so its not ironic whatsoever. Also what did you expect him to say? Oh the sub prime loan crisis is out of control and may be the end of civilization as we know it? I mean come on, of course Ben was going to say the problem was solved/contained.

We also need to give ALOT of credit to Ben Bernanke. He had studied the great depression and knew that a liquidity crisis was the end of the banking system and the economy. He made sure that liquidity didn't completely collapse, and probably saved the economy. It would have been total armageddon had he done nothing, so he SHOULD have received the Nobel prize in economics. Nothing ironic in the slightest.

Alan Greenspan and Ben Bernanke were masters of lies and excuses.

Lets not forget that a large part of the financial crisis was caused by people taking on mortages of 100 of 1000's of Dollars on very modest salaries in the hope that prices only would ever go up. So it is not just a story about mismanagement, but also a story that stupidity, greed and taking on gigantic loans are just bad things in general. And its the same now: if you bought a crazy expensive house you can only afford when interest rates stay forever at 0.5%.. well….

Please talk about how India sailed through all this, and was the only major economy that even grew more than the previous years…while just facing a few scratches

I am surprised you havent done a lehman brothers episode

I was in highschool when this happened. I went into the workforce after and landed a fairly decent job. My goal was to save to afford a good deposit on a home. I was eyeing something around 400k (in my currency) after about 7 years of working and saving 70% of my paycheck strictly, Housing prices shot up to between 700k – 1 million and are still on the rise. Buying a house is next to impossible. Most people in my generation (millenials) even with decent/better jobs than me all are renting apartments or room mating with their friends. says it all really.