The Dollar, the Euro and the Deepening Crisis
Leo Panitch: US consumes five times China and India combined – Asian markets are not the way out of the crisis
Leo Panitch: US consumes five times China and India combined – Asian markets are not the way out of the crisis
@Aiden057 a? 200 lb gorilla is a small gorilla
doo doo bird??
@KillerWhaleSFl
profit leads to wealth, wealth leads to the freedom to pursue your life as you choose, freedom to live how you want leads to happiness. We’ve had things right all along.? Eventually this recession will end & the free market will propel humanity forward, as it always has!
Paul, You NEED to put? Peter Schiff on. Leo ain’t quite got it
Good and interesting dialogue.
But it was too obvious that he was pro-American empire.
Not a single word was lost about US imperialism, criminal bankers, etc. You don’t have to be a genius to realize that THEY are the main cause of this? whole mess.
When speaking for a global crisis, get a global (and NEUTRAL) mind set.
Otherwise great video.
@asphyxiafeeling wealth does not lead to freedom.
freedom? and rights are won on battlefields, and if people do not defend them, they will loose them.
science and technology are what improves quality of life, not free markets.
claiming that profit motives lead to freedom is a fallacy
“Obama’s stimulus was the largest ever”
That is the problem. Giving tons of money to private institutions when they are? not investing is not stimulus. It’s cronyism.
Government can NOT provide stimulus (free money). The have to get the money from somewhere. Just? as government can create ZERO (0) jobs. They HAVE to get the money from somewhere…aka the “private sector”. Stealing money from Peter and giving it to Paul to spend is NOT STIMULUS, it’s robbery.
@BrainFaze Can you tell me where the “free market”? is?
Deregulation can be a GREAT thing, however it can also be bad…such as Bill? Clintons Repeal of Glass Steagall. All this deregulation everyone is referring too is the deregulation of the banks. Glass Steagall was put into place for a reason. Now what do you think that reason was? History repeats itself.
@EndTheFedRes not in the usa, thats for sure
?
His commentary seems rather informed rather than what I usually hear from anti-globalist, anti-corporate types. However, he still misses the fundamental incentives of our completely politicized monetary system, which answers to politicians as much as it does bankers.? Private money is the answer – get govts out of the money and banking business!!!
The US Dollar has fallen in value in regards to every currency in the world over the last 10 years. It doesn’t say to me that people have confidence in it otherwise why has gold risen through the roof? It? maybe true the USA Government can never default on its debts by printing dollars, but isn’t that a form of default in any case? How come this “expert” didn’t point this out?
@Aiden057 Well Put and I couldn’t agree with you More on this issue…Nothing mentioned at all about these lousy DIRIVITIVE BANKSTERS and their 1.4 Quadrillion DEBT which was Created by these people. Nothing!!! It’s almost as if it never happened in his eyes? Stupid dishonest interview and this is one Reason Paul Jay has very little credibility with those of us in? the Know. He just doesn’t know any better…
When something is intentionally crashed is it a crisis or just good planning? By the deregulation of the banking system in 1999 this series of? bubbles were known to happen. Implement glass steagall NOW! All the other bullshit, talking head, suit wearing pundants are lies or ignorance.
@BabylonsKing @Eraser7622 Thanks for replying. I actually like TRNN and Leo usually has some good and thoughtful comments, but in? this particular segment, I think it really missed the mark and Paul didn’t ask the usually incisive questions he often poses to guests. I’m willing to cut them both a little or slack, generally, I was just surprised by this segment.
my speakers are? full and still i cant hear what he is mumbling
Is this the fucking trick of the? illuminati?!!?
@asphyxiafeeling hahahhaahha that was actually? funny. you should try stand up
I suggest a new currency made from dried semen turned into quarter sized pellets. They will be called Spermies and 4 Spermies will be called a Nutter. A? Nutter will be the size of a dollar Coin. Ten Nutters will make a Skinner, which will be made from discarded Foreskins.
Bwahahaha “If anything is gonna go up in smoke its the Euro”. Oh pleaaaaaaaaase.
Americans and their wishful thinking. They have understood NOTHING? of what is happening in Europe. ZILCH. It is a political currency. It is a struggle between pro- and anti-centralised Europe and inevitably will ultimately (out of financial necessity) lead to 3rd party budget control of Eurozone states. It will be the strongest step towards a “European state” in decades.
@akkonburike “But WHY are the Europeans (on this sub) loosing their cool?? Why this over reaction to Panitch’s assessments?”
Because there is a lot of nonsense in there maybe?
@Yous111111 “The Euro was created so that Germany could sell his good in Europe” Yeah, and Aliens vist Earth and put probes up people’ s butts.? Also true.
Bwahahaha “HE showed up at an EU meeting and told them to stop “squeezing”". LMAO. And then THEY told him politely that he could go f.. himself, as now they are “squeezing” more than ever before? The US simply play no role whatsoever anymore in Europe’s agenda. And as if wasting non existing gazillions over and? over again on top of an already staggering US deficit would lead to anything better than the European approach of cut backs………
If we put all this effort we put into stealing and diplomacy (lying) into creating a self-sustaining infrastructure, we’d have electrical cars that drive themselves and have wi fi. All food would be organic and free of cost and electricity would come from Thorium and tidal generators. Robots would maintain everything including? themselves and we’d all have hobbies instead of jobs.
Instead of that, we’re too busy stabbing backs and protecting our own– spending and working but never having.