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Overdose: The Next Financial Crisis

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Overdose: The Next Financial Crisis

In times of crisis people seek strong leaders and simple solutions. But what if their solutions are identical to the mistakes that caused the very crisis? This is the story of the greatest economic crisis of our age, the one that awaits us. When the worlds financial bubble blew,the solution was to lower interest rates and pump trillions of dollars into the sick banking system. The solution is the problem, that's why we had a problem in the first place ' . For Economics Nobel laureate Vernon Smith, the Catch 22 is self-evident. But interest rates have been at rock bottom for years, and governments are running out of fuel to feed the economy. The governments can save the banks, but who can save the governments? Forecasts predict all countries debt will reach 100% of GDP by next year. Greece and Iceland have already crumbled, who will be next?

Directed by Martin Borgs



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