Jimmy Morrison’s 2018 documentary, The Housing Bubble, is an entertaining and easy-to-digest lesson on the history and economics of what caused the American housing crash and subsequent crisis.
It has interviews from those who predicted the crash like Ron Paul, Peter Schiff, Jim Rogers, Marc Faber, David Stockman, and Doug Casey. It was co-wrote and produced by Tom Woods, who wrote the New York Times bestseller, Meltdown, which is one of the definitive, must-read, accounts of what happened in the crash of 2008.
In early 2020, Jimmy and I had begun to make plans to hold a screening of the film in Calgary, AB, the Canadian Premier! This was shortly before governments around the world began to shut down the economy due to Covid fears.
We may have missed our chance then, but Jimmy gets us caught up on things since then in this episode. We talk about how the problems that caused the housing bubble were never dealt with properly, only entrenched into the political/financial systems. We also talk about the current student loan bailouts in the United States, which exacerbate the real problems.
Now, you might be thinking that this subject does not apply to Canadians, but how wrong you would be. Jimmy’s film points out the main causes that lead to such a high degree of malinvestment, and you might have guessed it: it’s Politicians and Central Banks, not unlike the causes of our current economic woes here at home.
You also might think that this subject is one to be relegated to the history books, and again will find yourself corrected after you watch the film. Not to mention, Jimmy has a new movie coming out next year called The Bigger Bubble. It has the same great lineup of people who predicted the housing bubble and you’ll get to find out what they’re predicting next.
Listen to the episode then check out The Housing Bubble movie at thebubblefilm.com
And stay tuned here, as Jimmy and I are planning a Canadian watch party for the film and a Q&A with some of the experts from the movie.
-Darcy
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