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Friday, September 3, 2010

AntiSocialMedia: Hedge Funds and the Global Economic Meltdown

Posted by The Interest on March 19, 2009

Over at AntiSocialMedia.net, there is some interesting reading on the causes of our current market meltdown. Mixed into this are examples on how our Web 2.0 world is full of manipulation. I first saw this post and this presentation that talked about naked shorting but finishes with an example of how a reporter and book author uses Wikipedia and other sites to push his book while also doing a favor for those using naked shorting in their investing.

You can also check out other sites related to the naked short play here:

http://businessjive.com/

http://www.deepcapture.com/

Spend 25 minutes and learn something about the manipulation in the markets by watching the video below. Where is the real reporting on naked shorting?


Hedge Funds and the Global Economic Meltdown from Judd Bagley on Vimeo

One wonders if CNBC was about to blow this wide open when someone went out and placed June puts at $2.50 on GE (see this) as a warning shot across the bow to stop any reporting on this. Hmm.

In Debt We Trust

Posted by The Interest on January 29, 2009

Came across the movie In Debt We Trust by Danny Schechter at my local library. You can watch it online at Google Video or purchase the movie here.

IN DEBT WE TRUST shows how the mall replaced the factory as America’s dominant economic engine and how big banks and credit card companies buy our Congress and drive us into what a former major bank economist calls modern serfdom.

Thanks to Danny for including my note to him on his blog. You can read the post here (scroll down to YOUR LETTERS).

You can see his next project called Plunder. Buy the book at Amazon. The movie should be out soon. For now, here’s the trailer.

Niall Ferguson: The Ascent of Money

Posted by The Interest on January 20, 2009

Required viewing…  The Ascent of Money by Niall Ferguson.

Here is the PBS video.  Or watch the Google Video version…