Meltdown — Another Must-See Four Part View Report

Al Jazeera produced is a very good documentary, will a lot of details, describing everything that happened since 2007. It's good to have an updated documentary produced, and it's also a Zeitgeist of the reemergence of the crisis as we speak.
  1. The men who crashed the world: YouTube link
  2. A global financial tsunami: YouTube link
  3. Paying the price: YouTube link
  4. After the fall: YouTube link
The Al Jazeera web site's embedding links are not working and only the 2 first episodes are available to be watched online, so I used the YouTube links instead. Of course, there are some mistakes and some miscommunication, along with trying to point the figure at the free market and the lack of regulation, but these are minor occurrence, and generally speaking, it's a very good documentary, very much worth watching.

One completely stupid statement they make — and it's worth debunking — is that the bankruptcy of Lehman brothers destroyed millions of jobs around the world. This couldn't not be further from the truth.

It is time for me to yet again remind you this quote from John Mills:
Panics do not destroy capital — they merely reveal the extent to which it has been destroyed by its betrayal into hopelessly unproductive works.” (John Mills - Credit Cycles and the Origin of Commercial Panics)

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