Privacy Secrets      PT Reports, Offshore and Personal Privacy bookstore


Archive of Stories behind the Global Financial Crisis of 2008

2020 UPDATE - The last Financial Crisis of the 2008 took approximately 10 years to be overcome. The US government spent $2.5 trillion to remedy the situation, which only helped big banks and big companies. As usual ("ordinary", working) people ended up paying for it via reduced standard of living.

Now with the Covid-19 pandemic, the government is expected to spend about 5-6 times more (through FED stimulus packages), by printing more dollars. This will only benefit the elite and the large banks and companies, while people will get crumbs only. As the old saying goes, the more things change, the more they stay the same.

  Events in the aftermath of 2008 crisis

Alan Greenspan's Housing Bubble

History will show that the Federal Reserve Chairman Alan Greenspan played a key role in creating the US housing bubble and resulting U.S. real estate crisis.

America's Oversized Deficits

Investing in America's future is a tough sell, given that America's oversized deficits are certain to persist and stay inflated in the long run.

April Job Losses the Lowest

Although unemployment numbers are still raising, job losses in April are the lowest in six months, according to the latest data.

Bank of America Bonus Payments

Questions have been raised about Merrill Lynch losses prior to its merger with BofA, at Bank of America bonus payments investigation.

Bank Stress Test Results

The U.S. Treasury Department bank stress test results' report to be released to the public for 19 financial institutions.

Banks Stress Tests Flawed

Government Bank Stress Test is a flawed exercise that could only elevate the current economic stress, as some institutions might be hiding toxic assets.

Bank Stress Tests Questions

Validity of bank stress tests at Bank of America and Citigroup is called into question, after the capital shortfall has been discovered at the banks.

Banks Financial Trickery

Is it a surprise that banks are up to their old financial trickery, using "toxic debts" to puff up their profits, which got them into trouble at first place.

Canadian Oil Companies

Canadian oil companies offer you six ways to play attractive Canada's oil sector, making Canadian oil and gas sector more attractive to investments.

Credit Card Issuers Meet Obama

Credit card issuers meet with President Obama about new card fees and interest rates limits, as well as the new legislation titled Cardholders' Bill of Rights.

China is Detroit's Lifeline

Could China provide lifeline to Detroit and the U.S. Auto Industry? Not only that they could, but the auto sector has already been bustling with production deals.

China Taiwan Investment Accords

The first investment accord in 60 years has been reached between the Mainland China and Taiwan. This will lead to good profit playes for investors.

China's Yuan Carry Trade

The new China's yuan carry trade will add to the China's global muscle and possibly accelerate the US recovery.

Ciena Corp Recommendation

Buying Ciena Corp. stock on Nasdaq could help you profit from the global broadband arms race and growing cloud computing.

Credit Default Swaps Danger

How credit default swaps, a derivative security, could reverse the economic recovery. Failure of regulators and Fannie and Freddie insolvency.

Elliott Wave Disciple Prechter

Robert Prechter - an Elliott Wave disciple - sees a possible 2000 Dow Jones, as economy declines further, resembling British crisis of the '70s.

General Motors Savior China

How GM China, Shanghai GM, could be General Motors (GM) savior, if the company capitalizes on the fastest growing market in the world.

How to Buy Banks Without Risk

Private equity firms (the financial Barbarians) have discovered how to buy banks and leave taxpayers with all the risks, using "regulatory arbitrage".

India's Slow Growth Concerns

Despite India's slow growth, it remains a good long-term profit play. But don't expect any reforms, as Indian government is an increasing drag on the economy.

Japan's Lost Decade US Replay

Japan's Lost Decade appears to be replaying itself in the US now, following financial crisis. The U.S. buuble is worse than what played out in Japan.

Long-Short Investing Strategies

What are long-short investing strategies, newly popular in the current bearish markets? They can help with your portfolio diversification.

Money Morning Bank Stress Test

Which are three strongest banks, according to Money Morning bank stress test? Four secrets that separate winners from the losers in the US banking system.

Oil Prices Could Jump High

Oil prices could jump as much as 70%, based on increased oil consumption vs declining oil production.

Russia and China Energy Deals

Will new Russia and China energy deals relegate America to spectator status? These two global players are destined to be global partners when it comes to energy.

Russian Economic Model

Does the Russian economic model have something to teach us? Russia's Pravda newspaper accusses the U.S. of "descending into Marxism".

Small Caps Proven Profitability

For a proven post-recession investing, small caps usually beat blue chips as safe investment, especially when emerging from recession.

Solar Energy Comeback

Is solar energy on its way back? USA, Australia and China are leading with their renewable energy plans.

Sustained Economic Recovery

Latest housing market and consumer confidence numbers may indicate a sustained economic recovery starting to happen.

World's Reserve Currency

Recently China has went as far as suggest that the world adopts a new international reserve currency, instead of the U.S. dollar.


The Crisis that lasted 10 years

The most recent economic and financial crisis started in 2007 and the financial crash happened worldwide in late 2008, after the U.S. sub-prime housing and real estate collapse, which led to subsequent banking crisis. The recovery has been very slow and it's still too early to look back and conculde that the crisis is over - it's not. We're still going through the longest recession since the Great Depression of 1929.

Years later it looks like those few sobering, non-mainstream economists and financial analysts were right at the time when they estimated that the effects of the 2008 Global Financial Crisis might last 10 years or longer. According to the most recent analysis in April 2013 by 400 economic analysts the global economy is still stagnating. Eurozone is still having serious problems, while the US economy is showing signs of slight optimism. It seems that China is the only force proping up global economy at the moment, although it too is showing signs of slowing down. True economic revival seems to be still a long way off.

Using taxpayers money to cover bank losses

The real culprits that caused these economic problems, the banks and financial institutions, have of course tried to point the fingers of blame somewhere else. At the same time they filled their half-empty coffers with "free" taxpayers money, to cover for their greedy financial escapades.

Only in 2013 EU is finally set to put limits on banker's pay and cash bonuses. The City of London is opposed to those limits. It remains to be seen if this will happen and whether those pay curbs will bring desired results. Somehow, we have our doubts.

For example, in late October 2014, 25 of Europe's 130 top banks failed 'stress test'. These are now conducted regularly to determine if the banks are strong enough to withstand sudden pressures on the bank's finances, such as higher loan defaults, higher unemployment, or other unexpected economic problems that can 'test' the bank's ability to do normal business. Evidently, the crisis is still dragging its feet, or we could be facing another one!?

A 2011 film Margin Call (with Kevin Spacey, Jeremy Irons, Zachary Quinto, Demi Moore) highlights how the financial crisis started at a large Wall Street investment bank. It explores capitalism, greed and investment fraud. The New Yorker magazine called it 'the best Wall Street movie ever made'.


The Global Financial Crisis articles

These articles on money and investments shed some light on what was happening at the time, as governments tried to reign-in the effects of 2008 global financial crisis. The effects are still around us, in what has become a truly global economy, for better and worse.

Here are some of the stories that evolved at the time, as governments and financial markets scrambled about to try and "plug the holes", while giving an impression that they're fixing the problem. Time has shown us since that all they did is fix precious little, sweeping most of the problems "under the carpet", which is why the crisis and its consequences still linger on.

A hand trying to grab some banknotes and coins
While you're trying to get your hands on some money, it's also
important to understand the bigger picture - what goes on
in the world at large and how the "big players" play their game,
which for better or worse affects everyone else.


...(T)he modern world, with its rampant materialist consumerism, dogmatic atheism and self-hating education system, is perhaps manufacturing a new human psyche, one both frail and fraught and in its own perverse way, merciless.

Brett Sinclair, an author, artist and historian from Canada -