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Wall Street is being occupied. Europe is collapsing in on itself. Around the world, people are consumed by fear and anger, and one question is on everyone's lips: Is the financial crisis over, or are we headed towards economic disaster? End of the Road is a documentary that chronicles the global financial collapse. Told in an entertaining and easy to follow style, the film tells the story of how the world came to be in such a state, from the seeds sown after WW2, to the current troubles facing us today, and to the possible future that may await us all. Some of the world's top economic minds share the hidden tale behind the mishandling of the world's finances, give insight into how bad policy and a flawed monetary system joined together to create a catastrophe, as well as sharing their own personal advice on how the average person can best prepare for their financial future. Written by
I expected to see an interesting narrative of the financial crisis,
based on the summary provided. I can hardly express how disappointed I
First, there are very questionable arguments on the causes of the
financial crisis and the state of the world. Some issues are very real
and somewhat accurately described, such as the problem of debt
accumulation, global trade imbalances and the relative stability that
was seen during the Bretton Woods decades. However, the argument that
the world is heading to hyperinflation? Vastly exaggerated, as many
countries actually could do with a little more inflation. One author
says that it's ironic that Occupy Wall Street and similar movements
want more state involvement (social security etc.) since it was
precisely this that brought on the crisis. It is extremely odd to say
that it was too much state involvement, since it was exactly the
opposite. Deregulation of the financial sector allowed it outgrow the
real sector and economic growth in general to be dependent on debt and
the growth of the aforementioned sector. Too easy to make financial
short-term cross- border investments, and more.
Second, it promises "top economic minds". Myself, I am an economist
have never heard of any of these people. I had to google them, which
produced virtually no scholarly results and very questionable material
in general. Which leads me to point 3...
Third, vested interests. There aren't even any scholars. Instead, all
of the participants are people owning or working for financial services
firms or websites trying to sell gold. Given the conclusion that you
should invest all your money in gold, this is not surprising.
Finally, only including relatively old white fellows doesn't make it
more exciting. You couldn't find one woman or someone with a different
ethnicity that had a website selling gold...?
Go see for example "Inside Job" instead of this Austrian Economics
propaganda, a group I hoped would have been disintegrated about 40
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