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The financial crisis cartoon -- at last an explanation!
'The Crisis of Credit' illustrates what happened when the financial industry ditched sustainability.
Tue, Mar 31 2009 at 1:37 PM
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I digress a bit here, but I had to share this amazing animated film that explains the collapse of the financial system blow by blow. Jonathan Jarvis, a rising interactive media star, developed the visualization you see above (it might take a while to load up but it is worth it).
I'm not entirely off-topic though. Many people when they hear the term "green economy" think of solar panels or windmills. That's part of it. But from a larger perspective it is the market returning to principles of financial sustainability -- thinking long-term about the consequences of deregulation in a world filled with risks, both social, fiscal and (of course) environmental.
To read a bit more about this connection, you can check out my post Green Phoenix: as one market collapses a new one is born.
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If the markets continue to rally, the demand for so-called safe investments like gold will fall. Gold went down quite a bit already from June 21 from $1,266.50 to $1,185. Most individuals thought gold was the safest bet when it came to financial investment within the global financial crisis. But after increasing in value steadily since October 2008, the gold bubble may be reaching the bursting point as the global financial crisis fades.