About ColdFusion — ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009.
source
About ColdFusion — ColdFusion is an Australian based online media company independently run by Dagogo Altraide since 2009.
source
Input your search keywords and press Enter.
38 comments
As someone who was still in middle school in 2008, I never really understood what happened. Even watching documentaries and movies about this crisis didn’t help much. But this video here is such a clear and structured piece of work that finally give long awaited answers for me.
Really awesome to live in the information era.
A great assessment, ties quite nicely with your other videos such as the Gen-Z and Lost Generation video. Also I don;t think Gold is a good investment personally. Land if you can afford it has more longevity and is easily tradable. Gold may get seized and is easy to restrict and regulate.
In light of the ongoing global financial crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
Dodgy bankers caused this and people are still paying for this.
You know how in 2008, the banks were giving out low income mortgages and buying up default swaps on the shit they sold betting against their own customers?
Yeah… That's happening now!
Banks are the largest buyers of gold and are stockpiling BTC as they tell you that the fiat system is safe and your deposits are safe.
They're betting against the shit they're selling you right now! Lol.
Dollar has nowhere to go but hyperinflate. Your bank balance will lose 80-90% of it's value after this crash and the company you work for will go kaput. You'll be out of a job and your savings will be worthless.
Stay safe anon.
Don't waste what precious time is left larping for politicians. Take care of yourselves and your people.
See you on the other side.
37:18 talk tuah
2008 was millennials recession, 2024 is gen-z’s
How about we blame congress?
2009 was the last chance to buy a house without any down payment. All house prices dropped. I'm so glad I made a purchase back then.
The thought of an $800 mortgage is insane
Ahh the 2008 crash. I had just had 2 babies back to back. My husband left us for another woman and a drug addiction. Despite being skilled in office work and accounting, I could find NOTHING for 2 or 3 years, and that was only after I had no other choice to go on welfare. It was humiliating and demoralizing. The amount they gave me didn't even cover my rent. I scrubbed toilets for my shitty in laws. I recycled cans. I drove a car older than I was without insurance. I did our laundry in the bathtub a couple of times. I decided to go back to school for the financial aid, only for me and my babies to get a horrible mould sickness, causing me to have to drop out. I begged and cried and screamed for God to provide me with a job. I had little to no help financially and every day was a constant stress and nightmare. I endured so much stress and pressure just to keep a roof over our head that I eventually developed stage 4 adrenal fatigue and was essentially bedridden for about 7 years while my body felt like a 90 year old at 30. All the millenials my age at the time of the crash who were lucky enough to live with parents and save to buy a house with a partner had ZERO freaking idea of how so many of us struggled to survive. Fast forward 16 years and I am blessed to live in a paid off home with my partner and have a decent job that I can actually save some money and pay off some debt. My ex did eventually pay child support after he got off drugs and that set us up for a much more comfortable existence. But the economy never really recovered. I live in an expensive city where are wages to cost of living has the biggest disparity of anywhere else in the country. Although I make the median American salary, I can't even afford a 2 bedroom apartment, let alone buy a house. Anyone want to share their own nightmare stories from the GR, please leave them in the comments. Blessings.
With just saving money you got the worst enemy, inflation.
Not only will €100 buy you twice as less as it would have before 2018.
You earnings probably have doubled as well, so saving up 1000 every month means you lose 50% atleast in the long term.
Because money has never gotten to the point of being totally useless where we life, it does not mean it never has.
In a big enough burst all your dollars, euros or whatever currencies can become useless within a snap of the finger.
I remember 2008 and the conservatives who blamed the working people who got greedy buying houses they "couldn't afford." All the while, the financial manipulators got richer from the bailouts paid for by the working class.
“Hey this guy has no job let’s give him a home loan.” How dumb are people.
And y'all americans are still blaming other nations and not revolutionizing against ur leaders
Americans elected a president who bragged about graduating college without reading a single book. What did you expect?
It’ll happen again dec, 6th 2027
lol the music does not match the video lol
I love this episode. You helped me to understand a lot more of how it happened. I remember diesel was 5 dollars a gallon,for the first time I've seen it that much. I had a goid boss,he was very business smart. He too was upside down in his house,but was able to hang on and ride it out. I remember many people in areas that I worked in,had lost their jobs, and then their homes. These are people that were making much more money than I was. It was very sad to see so many empty homes. Thank you.
I was a US government capital markets examiner at the time. This brief summary is concise and accurate.
Thanks
Most Americans don’t know what happened in 2008 financial markets like major banks going bankrupt..The result so much more painful.But the truth is that we are still under pressure with dark loans which is still reckless and ⚠️ right now.?✍️✅👺👀👺😎😈😡✅🔥
Hello, I would like to know the name of the background music at 22:27. Thank you.
corporatiins will default on their debt veey soon due to rise of BRICKS
trust me someone knew from the beginning
so tell me after watching this, how to not be a noticer. you can't.
I was 8 in 2008. We were too young to grasp economics, our parents kept any worry hidden from us, neither lost their jobs, and we didn't lose our house, but that's a time where I remember that there were so, so many "For Sale" signs in front of houses and I didn’t know why.
brothers… we need to go against all the banks basically, they are just speculating over everything and greed as hell… banks need to be redesigned! it's fucking outrageous.
Fast forward to 2024, a new administration will be sworn in in 2025. Buckle up!
I remember a 30-yr old employee at my company saying in 2003, "I gotta buy a house – interest rates are skyrocketing and if I don't buy RIGHT NOW I'll NEVER BE ABLE TO AFFORD ONE AGAIN!" – he bought shortly thereafter and I visited it and it was unfortunately, very meh and in the boonies! There was definitely panic buying of homes in the-mid 2000's. We have always been huge savers and managed to pay off our 1998 house purchase (6.75% interest rate) in about 2007. I was working on the design of 4G for the new phone company (Qualcomm) and so I was not affected by the downturn, luckily. My wife had started staying home and we were vulnerable, but secure. We had enough saved (in our mid 40's) to live for several (3-5) years without troubles (by tapping 401K etc) if we needed to, by 2008. We were 12 years in the workforce by then, we save 30%+ of our income per year.
Instead of the two starkly opposite choices central banks faced in '08 of either letting the banks fail completely (wiping out the public's entire livelihoods, savings, investments etc) and just giving them free money.
Central Banks should have given them an actual loan with strict clauses or free money with strict stipulations and rules that would benefit the ordinary person. In any case any money given should have benefitted the country at large since taxpayers were the ones who were paying…
Idk in my country we jailed the bankers for causing this
I just graduated from law school in 2008. The crash was massive. I lost the offer in New York City because that law firm went under. I had friends applying for jobs at In-N-Out cheeseburger because the job market was so dire.
What's so funny to me is that in 2008 (pre crash) I was making $100K and had really good credit and I could not get a $350K house loan.
I just trying purchase home in 2008. Country Wide one biggest mortgage lenders in Midwest just gone belly up. Thousands of people lost their homes. I am glad receive at fixed FHA rate instead subprime rate. And yet over last 18 years my mortgage been traded through 3 different mortgage firms.
Is that Kerri Chandler?
I’m guessing this is why WEF types want us to “own nothing and be happy”.
Central bank gangsters have wrecked the money and now want us to devolve into serfdom.
The 2008 financial crisis still affecting you like long covid 😮😢😅