VIDEO: THE GLOBAL FINANCIAL CRISIS - Montreal Lecture: The Great Depression of the 21st Century

THE GLOBAL RESEARCH LECTURE - Montreal, January 14, 2009

Michel Chossudovsky discusses;

Causes and consequences of the financial meltdown;
The speculative onslaught;
Financial fraud and the "bank bailouts";
Bankruptcy of the real economy;
Impacts on employment, wages and social services;
Towards a spiralling public debt;
The economic crisis and its relationship to the Middle East war;
The centralization of corporate power;
The concentration of wealth;
The globalization of poverty.

The Most Under-Reported Story Of 2008

The follwoing may be the reason for the current manufactured "monetary" system collapse.

"Economic growth" and fractional reserve monetary schemes won't function while energy reserves that drive economic activity shrink.

Why isn't the following information on the 6 o'clock news or not discussed during the election cycle?

The elites have remained "on top" so to speak by controlling our access to non-renewable energy (and other resources). I believe the elites wish to suppress renewable alternatives and the sustainability they would generate because the elites would wind up largely removed from the equation.

"Climate change" is code for energy depletion and the proposed responses to climate change just also happen to be perfect solutions to energy depletion. (deterents to the use of depleting non-renewables.)

World will struggle to meet oil demand

By Carola Hoyos and Javier Blas

Published: October 29 2008 02:00 | Last updated: October 29 2008 02:00

Output from the world's oilfields is declining faster than previously thought, the first authoritative public study of the biggest fields shows.

Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent, the International Energy Agency says in its annual report, the World Energy Outlook, a draft of which has been obtained by the Financial Times.

The findings suggest the world will struggle to produce enough oil to make up for steep declines in existing fields, such as those in the North Sea, Russia and Alaska, and meet long-term de-mand. The effort will become even more acute as prices fall and investment decisions are delayed.


Great post. I've been watching this lecture off and on for the last few days. Very informative.
Dr. Chossudovsky has a difficult speaking style, but a careful listen is rewarded. Thanks.

"Dr. Chossudovsky has a difficult speaking style"

Yes, Prof Chossudovsky is from the academia and does sound like most University lecturers, a bit dry at times.

But he IS definitely worth a good listen. I agree a careful listen is well worth it.
Lots of substantial facts and materials to ponder over.

Not all the information we have to digest will be as easy to absorb as a Loose Change video.
The CONSTITUTION is NOT going to "collapse" into pulverized dust no matter how much thermate/explosives or planes they throw at it