JP Morgan was one of the main manipulators installing the Federal Reserve and beginning the great credit inflation era. In addition, JP Morgan was one of the largest margin lenders of the time. And encouraged the credit fueled orgy of the 20's.
The irony is that JP Morgan and the Fed along with selected buddies have done it again. They have created the new instruments of death - the very same conditions they took advantage of in the 1920's to set up the great wealth transfer of 30's.
This is a great documentary by the BBC...a must watch.
The video is in 6 sections...they should load automatically. If that is not the case for you, I have posted the individual links below.
To watch a full video at higher quality you may want to install the veoh player and play the video below. This is an easy install and not dangerous for your computer. veoh is a great site and the video quality is much better than youtube.
Globalization and the End of the Labor Aristocracy, Part 3 - On the current structure of globalization and its implications for the distribution of income within and between countries.
10 minutes ago