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I welcome to this video presentation on the end of the financial road the coming global financial meltdown so the first question is one why would I record something so of such doom and gloom and the second thing is why would you actually watch it well the answer that is is this a couple of months ago I actually recorded a video called the Euro banking crisis update the Italian banks Deutsche Bank and Bernanke secret to visit to Japan and this received over 7,000 views which I was quite staggered by and also lots of positive comments and requests for further video so this got me thinking when why not put together a sort of an abridged history of why were heading where were heading financially and how we got into this mess in the first place so just before we get into that lets just have a quick overview of what the problem is the problem is global debt and Ill show you the history of why were in this mess but if you just look at the economists debt clock on their website you can se