The global economy is a pyramid scheme | End of the Road (full documentary)
There was a time when one earner could support an entire family. However, due to escalating costs in the 1970s, it became necessary for wives to enter the workforce. By the 1990s, even two incomes were insufficient, leading families to abandon savings. By the 2000s, with both partners working and no savings, families began borrowing well beyond their means to cope with inflation.
This documentary traces the global economic crisis from the Bretton Woods Agreement to the Nixon shock and the Occupy Wall Street movement. It reveals how the U.S. Federal Reserve has led not only the American economy but also the global economy to function much like a Ponzi scheme.
Since the pandemic, debt expansion is out of control. Are we headed for another recession or a total economic collapse?
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Chapters
▷ 00:00 – Intro
▷ 03:36 – Bretton Woods (1944)
▷ 05:35 – Nixon shock (1971)
▷ 07:53 – Fiat currency
▷ 09:50 – Ponzi scheme
▷ 11:20 – IOU bonds
▷ 16:10 – Inflation and purchasing power
▷ 21:30 – Occupy Wall Street (2008)
▷ 24:01 – Great Recession
▷ 27:00 – Money printing and bail out
▷ 33:08 – Return to gold
▷ 37:25 – Manipulation of gold prices
▷ 39:58 – Bullion banks and fraudulent accounting
▷ 47:14 – Conclusion
▷ 53:30 – Credits
Credit to : wocomoDOCS