Visualizing the Credit Crisis

The workingness of visual aids!

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Great work by Jonathan Jarvis.

The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This project was completed as part of my thesis work in the Media Design Program, a graduate studio at the Art Center College of Design in Pasadena, California.

For more on my broader thesis work exploring the use of new media to make sense of a increasingly complex world, visit jonathanjarvis.com.

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4 Responses

  1. Heyo Wordsmith…I’ve lost your email address AGAIN. Would you be so kind as to shoot me an email? Much thanks in advance (tara.a.rowe@gmail.com or rowetara@isu.edu whichever you so choose).

  2. Good video.

    One thing that isn’t mentioned in this video is that the whole financial system creates a caste system – something that isn’t supposed to exist in the class-free United States of America.

    What is referred to as ‘financial magic’ is in fact a power that is given to one class of people (the financial industry) and denied to everybody else. These magical powers include the ability to leverage assets, engage in fractional reserve banking and create CDOs, credit swaps and other ‘instruments’ that effectively create money where there was none before, with little or no assets to back that money up.

    It’s all hocus-pocus smoke and mirrors chicanery, and if you or I were to try it it would quickly land us in jail. But it is the very bedrock on which modern finance is built. To be working to sustain such a system puts the ordinary person in a situation not dissimilar to the slaves who hauled stones to build the Pharaohs’ pyramids.

  3. True – a financial/economic caste system. Very much so. I think that’s the burden of capitalism.

    I mean, look at what Madoff did – basically TOOK people’s money and used it for himself.

  4. Dead sorry that I didn’t fill in that link properly. It should point to this excellent article by Ellen Brown – NOT an economist, she explains what’s going on better by far than any of the weasels trained in the dismal science.

    BORROWING FROM PETER TO PAY PAUL:
    THE WALL STREET PONZI SCHEME CALLED FRACTIONAL RESERVE BANKING

    Just to be sure, here’s the URL. The WordPress commenting system could stand a preview mode. 😉

    http://www.webofdebt.com/articles/ponzi.php

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