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Monday, April 27, 2009

Bill Moyers Interviews William Black about our Economy

Dear Vesta,
I've just watched the 15 minute PBS Bill Moyers interview with William Black, former fraud advisor to the US government, link below. It tells a pretty dire story about our financial mess, but at the end, William Black gives some very optimistic hopeful advice about how we can regain our integrity. If you get a chance to watch it, you may find it useful, and you may find a way to let your readers know about it. I haven't watched the other film about Argentina as yet. - Dee

Ask not for whom the bell tolls...

In 1900, Argentina was one of the richest, most promising countries in the world.

Just 100 years later it was, well... Argentina, a beautiful, cultured, wonderful place that's such an economic basket case that many of its promising young people emigrate to Mexico to find work and opportunities.

What happened to this country so rich in natural resources?

The bankers squeezed it dry is what happened.

Could such a thing happen in the US?

If you're talking about the future of middle class America, yes.

And not only that, it is happening.

In just under 15 minutes Adrian Saibuchi, a financial analyst from Argentina, explains how what happened to his country is now happening to ours, and what the outcome will be:


And if you missed Bill Moyers' interview with William K. Black, former director of the Fraud Prevention Institute, who explains in more detail how the financial sector has deliberately defrauded the entire world you can watch it here:

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