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**FuXA8nQM** · 09-16-2008, 10:56 PM

I watched Charlie Rose last night and was very impressed that all the analysts told the unvarnished truth, (apart from Lawrence Summers' mealy-mouthed defense of central economic planning and market intervention).

A must watch for anyone who wants to understand what we've been through and what we're facing.

9/15/08 Charlie Rose Episode A discussion about the crisis on Wall Street [video]

The transcript isn't up yet, but the most telling quote was something like, "Our economy is entirely based on debt." Pretty telling!

A good video on the concept of Money as Debt [47:07] for those who don't have a handle on fiat currency and fractional reserve banking.

09-16-2008, 10:56 PM	#27
FuXA8nQM Join Date Oct 2005 Posts 586 Senior Member	I watched Charlie Rose last night and was very impressed that all the analysts told the unvarnished truth, (apart from Lawrence Summers' mealy-mouthed defense of central economic planning and market intervention). A must watch for anyone who wants to understand what we've been through and what we're facing. 9/15/08 Charlie Rose Episode A discussion about the crisis on Wall Street [video] The transcript isn't up yet, but the most telling quote was something like, "Our economy is entirely based on debt." Pretty telling! A good video on the concept of Money as Debt [47:07] for those who don't have a handle on fiat currency and fractional reserve banking.
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