Economics

Charles Ponzi

Boston Massachusetts, 1920 a brash and colorful Italian immigrant Charles Ponzi, promises investors that he can give them a 50% profit on their money in 45 days or double their money in 90 days. He explains his idea, an arbitrage in the foreign exchange markets that seems low risk and highly profitable and unlike most con men it appears that he may well have believed in his own scheme.Over a

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Black Wednesday

Black Wednesday occurred on 16 September 1992, it was a day that saw the British government faced one of the biggest financial crisis in history, it was a day when the Bank of England lost billions and speculators made fortunes, a day of disaster from which the government never recovered.Margret Thatcher put Britain on the road to Black Wednesday, the economy was in crisis, and in her ow

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Where the River Runs Red

Tasmania is a secluded island located off the south coast of Australia, it is know for it's large, rugged wilderness but towards the west of the island there is an ominous red river which divides the small mining town of Queenstown.This red river is the result of water run-off from a closed mine, the water itself is extremely acidic which dissolves much of what lies in its way, rendering the s

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Cancel Crash: The Stock Market Crash of 1987

It was the defining moment of the 1980s, October 19th 1987, the Dow Jones Industrial Average plunged 508 points, the largest single day drop in the history of the stock market and the world braced itself for another great depression but it was Tuesday October 20th that the financial markets came within minutes of a total meltdown.The New York Stock Exchange, the epicenter of the world financia

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The Bank That Almost Broke Britain

Ten years ago on the 7th October 2008, Britain almost went completely bust. The giant Royal Bank of Scotland known as RBS had run out of cash. It was said that they couldn't even get to the end of the day, the bank was doomed and the government had a mere 24 hours to step in and save the British economy.There was only time for one shot and if that didn't work there was simply nothing else that c

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The Spider’s Web: Britain’s Second Empire

The British Empire was at one point the largest empire the world has ever known, for over 300 years Britain ruled, its armies conquered and its bankers proclaimed the might of its currency but one day it all began to fall apart.One by one countries declared their independence from Britain and no amount of force could reverse the tide. As British elites saw their wealth, privileges and empire d

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Trouble In Poundland

Britain is battling though economic times with prices beginning to rise without exception, the value of the pound itself has plummeted since the vote on Brexit passed, so bagging a bargain is now more important than ever.But for one of Britain's biggest discount stores, Poundland there is trouble in store. This is primarily due to the uncertainty caused by the Brexit vote. Poundland is famous

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The Divide

In 1979 an economic experiment was launched in the United States an the United Kingdom. It was supposed to provide a better life for all. Today, in both countries, inequality is at its highest level since 1928. Reaganomics is one such term for this series of economic experiments and policies.This film examines the lives of seven individuals currently striving for a better life in modern day

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Century of Enslavement: The History of The Federal Reserve

As we are all fully aware, money plays a big role in each of our lives. It is the very thing which allows us to live comfortably with a sense of security knowing that we have money in the bank. This being said, many will argue that currency also is responsible for much of the bad in the world.For something so critical in our lives it could be considered odd that many millions of Americans who

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