Skeleton Matrices

I'm attempting to animate a skinned mesh with joints. I have looked at many different materials, and something isn't right with my understanding. All of my nodes hold a local and global matrix. When I load in the joints, I calculate the inverse pose matrix like so:

Pose Matrix = Mesh's Inverse Global * Joint Global
Inverse Pose Matrix = Inverse of Pose Matrix

Then when my joints are updated, I calculate the joint in mesh space and multiply it with the inverse pose matrix.

Joint wrt Mesh = Mesh's Inverse Global * Joint Global
Deform Matrix = Joint wrt Mesh * Inverse Pose Matrix

I uploaded the following video files to demonstrate what is happening to my mesh. Please add http to the start of the links.

Source animation..
____://tinypic.com/r/ncmnpj/5

My Results..
____://tinypic.com/r/egviqf/5

EDIT:
It turns out that the joints were being exported with what I had assume was local space but was actually global.

Oh, nice game! hope to see it out soon, maybe let me beta run it so I can let you know any bugs or sort!