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Overdose - The Story Of The Greatest Financial Crisis We Will Ever See


4 Corners recently screened a 47 minute-long documentary, entitled "Overdose", which tells "the story of the greatest financial crisis of our time - the one that is on its way".

Sounds ominous, doesn't it...? That's because it is!

Overdose has now been made available online and makes for compelling viewing.

Why? Because it poses questions that the mainstream media are unwilling to even consider.

Whereas there have been no shortage of economic commentators looking in their rearview mirrors to analyse the causes and effects of the Global Financial Crisis of 2007-2008, Overdose refuses to accept that the worst is over and, instead, remains focused on the future of the global economy.

As the narrator explains in the opening minutes:

"When the world's financial bubble blew, the solution was to lower interest rates and pump trillions of dollars into
the sick banking system. On the face of it this seemed the only way to deal with impending disaster, but was it?


'The solution is the problem, that's why we had a problem in the first place,' Economics Nobel laureate Vernon Smith says.


For him, the Catch 22 is self-evident. Interest rates have been at rock bottom for years, and governments are running
out of fuel to feed the economy. He asks: 'The governments can save the banks, but who can save the governments?'
"


Sure, you might think that the documentary provides a bleak and overly pessimistic perspective on the health of the global economy, but we think it is still worth asking: "What if they are right? What if our financial system is on an unsustainable path?"

As outspoken critic Peter Schiff explains:

"The problem is that they (government officials and central banks) never actually cured the crisis.


They just gave alcohol to a drunk - it doesn't sober them up, it just sets them up for a bigger hangover."


Check out Overdose on Facebook or watch the full documentary embedded below.

You don't necessarily have to agree with the premise of Overdose, but it is definitely worth investing three-quarters of an hour at least considering a counter-perspective to the fluff that the majority of the mainstream media churns out day after day.

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Comments

06 Sep-10 Comment by Anonymous User

Why was it removed?

09 Sep-10 Comment by Sam Birmingham

Looks like the original full-length doco was removed...
We have now updated the article, to include the full video in three parts.
Hope that helps!