What did we expect from a community organizer? A community organizer!!! That's only one step up from collecting trash, or working at McDonald's. But guess what, he didn't even do that. What's scary about BO is not him so much. Losers come and go. What's scary is the number of uninformed, ignorant, idiots that voted for the guy.
"Socialism for the rich" is basically the only type you will actually find. It's really "first world socialism" which means that in Europe and N.A. we are all bourgeoisie so the job and poverty, and therefore according to Marx the ability for popular uprising against capitalism, of the proletariat have all been transferred to the 3rd world. Example; Norway, distributes wealth stolen from the third world equally amongst its own people then turns around and passes racist immigration bills.
The Repuklicans are the socialist rich. Notice how nobody talks about what the trillion dollar tax for fucks that didn't need it at all by GWB and how it contributed to the unreal federal deficit that they cry about every single day now.
Repuklicans=Hypocrites & Liars
The only thing worse then a Democrat is a Repuklican.
This was the most enlightening view of the economic situation I had ever seen to date. Although I do have some questions. 1st. If the Government were to use AIG as a colateral tool to create leverage against wall street, wouldn't the opposition and special interest cry 'socialism'? 2nd How can this proposal be sold to the American people without a brewing Mcarthian sentiment thats brewing in Washington and the Media? 3rd Wouldn't Goldman loose financial hegemony if we had hedgefund reform ?
The simple solution would be to repeal the Gramm-Leach-Bliley act. That law signed into law by President Clinton on November 2nd 1999 is the biggest contributor to the economic crisis and the ailing economy.
Obama's full of shit! He'll just say all the things people want to hear and expect him to say, then he'll as usual do nothing. Fuck this lying sack of shit, this status quoer! I don't believe a word out of his mouth. Obie is one shrewd, lying, politician. Say all the things the sheeple want to hear so that you get your poll numbers up, then forget what you promised and the sheeple will forget the broken promises due to their short attention spans. Sheeple are so easily distracted & manipulated.
@JixMa Not that I want to defend Obama in any way but... What makes him different from any other politician? You could replace his name on your statement with almost any other politicians name and describe the same conduct.
@Marco81MX What makes Obie dif from any other politician? Um, perhaps promises he made he was going 2 do things differently than his predecessor GWBush & change status quo. Said he was going 2 give MidClass & poor a better deal b/c they've been systematicaly been taken advantage of by rich, powerful & connected that hav rigged system 2 benefit them. Obie portrayed himself as a man that cared & would be the champion of the average guy. Has he? No. He's a traitor 2 those that believd his bullshit.
Seems to be a little late. It is like making arson a misdemeanor after somebody already burned down the entire city. 2 Trillion is already gone? He already about finished off the dollar.
The second Glass-Steagall Act (the Banking Act of 1933) was a reaction to the collapse of a large portion of the American commercial banking system in early 1933.
Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act.
could the real news please lower the quality of the videos. there's so many and i want to watch them all, but it's spping my bandwidth and my last bill had alot of overages. i can't afford an unlimeted badwidth package and the poor should be able to be informed aswell.
I would like to see a much more in depth investigation into our Judicial Branch of government - specifically why there have been absolutely no criminal indictments against these treasonous and felonious criminals in both our Congress AND the Banking industry.
Oh please don't go for Austrian school people. As much internet-hype they been getting, it would be terrible to hear from people who want the economy be the 1800s again.
The US Constitution Never Established or Provided for any Private Banking industry. Private bank credit currency AKA Bills of Credit was condemned in the constitution and never allowed.
Fiat money destroys countries without mercy all fiat money ends when it resets to its original value 0.
The first symptom of the reset is when the paper can't hold value against gold. Federal Reserve Note = illegal currency since 1971 with full international co-operation. FRAUD
"They could use AIG to start underwriting insurance for small businesses, for homeowners [...] but they have refused to do that because they want to protect the prerogatives [...] of Wall Street"
In the XIXth Century, as millions of Irish people starved while the British colonial masters were busily exporting many tons of food from Ireland, the British Prime Minister said they would not divert food for local use since "There must be no interference with the natural course of trade" [Source: Thomas Gallagher, Paddy's Lament, ]
The investment houses are primary dealers they dont need acces to discount window to fund speculation, manipulation of markets. The only way to solve this problem is to audit the FRB.
Its too much of a coincidence for me that Obama "gets tough on banks" only after Dems lose supermajority in Senate and lobbying restrictions have been loosened by supreme court.
The main cause is the Federal Reserve and Obama never touches on this because he knows who his masters are.
Seriously, Obama sounds like a wind up doll. Yak, yak, yak. He gave all your money to all the big financial institutuions and now he's making another campaign speech. Does anyone really believe he's looking out for the little guy?
Bank charges , lending out our money creating wealth for themselves off our incomes and celibrate they make millions- they lost it we bailed them out and now they want higher wages
This whole thing sounds great, but I dont trust anything this magician says. Look over here look over here, then bam, gold n sacs are in the money,lol. AIG btw doesnt risk tax payer money. Any one know the trick here?? I still say go for it though, lol.
It's more than political posturing, it's a head fake. Look for a move in the opposite direction. The adminsitration has to give them something in return for taking something away, even something as meaningless as this. It won't be announced.
If it's not the banks crashing the system it will be something else, this is capitalism after all and there is nothing stable or safe about it - regardless of how much you regulate it, you can't change its fundamental nature unless you overthrow it and replace it with a new socialism.
What did we expect from a community organizer? A community organizer!!! That's only one step up from collecting trash, or working at McDonald's. But guess what, he didn't even do that. What's scary about BO is not him so much. Losers come and go. What's scary is the number of uninformed, ignorant, idiots that voted for the guy.
icarusdescending88 2 years ago
"Socialism for the rich" is basically the only type you will actually find. It's really "first world socialism" which means that in Europe and N.A. we are all bourgeoisie so the job and poverty, and therefore according to Marx the ability for popular uprising against capitalism, of the proletariat have all been transferred to the 3rd world. Example; Norway, distributes wealth stolen from the third world equally amongst its own people then turns around and passes racist immigration bills.
pythag123 2 years ago
@pythag123
thats a really interesting point, I never applied the rules of socialism etc. to a global perspective. Globalism hard at work!
nelson3300 2 years ago
The Repuklicans are the socialist rich. Notice how nobody talks about what the trillion dollar tax for fucks that didn't need it at all by GWB and how it contributed to the unreal federal deficit that they cry about every single day now.
Repuklicans=Hypocrites & Liars
The only thing worse then a Democrat is a Repuklican.
bigge525 2 years ago
This was the most enlightening view of the economic situation I had ever seen to date. Although I do have some questions. 1st. If the Government were to use AIG as a colateral tool to create leverage against wall street, wouldn't the opposition and special interest cry 'socialism'? 2nd How can this proposal be sold to the American people without a brewing Mcarthian sentiment thats brewing in Washington and the Media? 3rd Wouldn't Goldman loose financial hegemony if we had hedgefund reform ?
Representative45 2 years ago
Comment removed
bb44332211 2 years ago
Republicans were right, he is a socialist FOR THE RICH
JoeDaPlumber 2 years ago 2
Republicans are socialist FOR THE RICH
BusterXXXL 2 years ago 2
the rich are chameleon
fistylo 2 years ago
The simple solution would be to repeal the Gramm-Leach-Bliley act. That law signed into law by President Clinton on November 2nd 1999 is the biggest contributor to the economic crisis and the ailing economy.
ArcticSlicer 2 years ago
Heard about that I think that would help us on our way to a better situation for sure.
sliq77 2 years ago
All show No substance.
jfcrow1 2 years ago
elected by the banksters they waited until the American people where totally pissed off. These are all impostors and bad actors... screw them all!
HKM67 2 years ago
Socialism for Corporations!
iknewitalready 2 years ago
Joe Biden has an ugly tuft of hair on the back of his neck. Its sticking out. His barber should be fired, ASAP.
medliberty 2 years ago
Obama's full of shit! He'll just say all the things people want to hear and expect him to say, then he'll as usual do nothing. Fuck this lying sack of shit, this status quoer! I don't believe a word out of his mouth. Obie is one shrewd, lying, politician. Say all the things the sheeple want to hear so that you get your poll numbers up, then forget what you promised and the sheeple will forget the broken promises due to their short attention spans. Sheeple are so easily distracted & manipulated.
JixMa 2 years ago 2
@JixMa Not that I want to defend Obama in any way but... What makes him different from any other politician? You could replace his name on your statement with almost any other politicians name and describe the same conduct.
Marco81MX 2 years ago
@Marco81MX What makes Obie dif from any other politician? Um, perhaps promises he made he was going 2 do things differently than his predecessor GWBush & change status quo. Said he was going 2 give MidClass & poor a better deal b/c they've been systematicaly been taken advantage of by rich, powerful & connected that hav rigged system 2 benefit them. Obie portrayed himself as a man that cared & would be the champion of the average guy. Has he? No. He's a traitor 2 those that believd his bullshit.
JixMa 2 years ago
@JixMa true...true..
Marco81MX 2 years ago
Seems to be a little late. It is like making arson a misdemeanor after somebody already burned down the entire city. 2 Trillion is already gone? He already about finished off the dollar.
StephinRazin 2 years ago
Better late than never tho.
teamofrivals1 2 years ago
Compare present events with the savings and loan crisis of the 1980-1990s.
wikipedia org/wiki/Savings_and_loan_crisis
1. real estate bubble
2. legislation widening the risk allowed banking without, at the same time, limiting public exposure (FSLIC insurance)
3. The slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990-1991 economic recession.
If they win the bet, they profit, if they lose the tax payer pays.
xwidget 2 years ago 2
so, Paul Jay is getting paid to do these interviews.
curiouschem 2 years ago
This has been flagged as spam show
"so, Paul Jay is getting paid to do these interviews. "
We all have to get paid somehow. Don't you have income or do you live off others?
badger5079 2 years ago
We've been here before.
The second Glass-Steagall Act (the Banking Act of 1933) was a reaction to the collapse of a large portion of the American commercial banking system in early 1933.
Provisions that prohibit a bank holding company from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act.
wikipedia org/wiki/Glass-Steagall_Act
xwidget 2 years ago
could the real news please lower the quality of the videos. there's so many and i want to watch them all, but it's spping my bandwidth and my last bill had alot of overages. i can't afford an unlimeted badwidth package and the poor should be able to be informed aswell.
kaker69 2 years ago
This has been flagged as spam show
"i can't afford an unlimeted badwidth package and the poor should be able to be informed aswell. "
Cry that you are poor to a Haitian orphan.
badger5079 2 years ago
When is the Real News Network going to interview someone from the Austrian School of Economics?
TTBurner 2 years ago
@TTBurner Who would you like to see?
TheRealNews 2 years ago
I would like to see a much more in depth investigation into our Judicial Branch of government - specifically why there have been absolutely no criminal indictments against these treasonous and felonious criminals in both our Congress AND the Banking industry.
Isn't that their job?
PsyogiBottoms 2 years ago 2
@TheRealNews Marc Faber is always quite colorful.
pokerslut530 2 years ago
@TheRealNews
Oh please don't go for Austrian school people. As much internet-hype they been getting, it would be terrible to hear from people who want the economy be the 1800s again.
AndroidPolitician 2 years ago
Thanks for your reply!
Tom Woods, Joe Salerno or Lew Rockwell would be great.
TTBurner 2 years ago
Only fools still believe Obama
bought and sold by Goldman Sachs
he's just a better liar than Clinton and Bush
his own SOT Geithner is against his reforms
marniespeaks 2 years ago 9
The US Constitution Never Established or Provided for any Private Banking industry. Private bank credit currency AKA Bills of Credit was condemned in the constitution and never allowed.
AtheismisNothingness 2 years ago
The Federal Reserve Note - Funny Money since 1971
International Fraud and Racketeering
Fiat money destroys countries without mercy all fiat money ends when it resets to its original value 0.
The first symptom of the reset is when the paper can't hold value against gold. Federal Reserve Note = illegal currency since 1971 with full international co-operation. FRAUD
boots920 2 years ago 3
the funny thing is you can only see one of Joe Biden's hands...;-))) The other one is in a deep dark place(no racial pun intended).haha
RebelOnetimeRIH 2 years ago
"They could use AIG to start underwriting insurance for small businesses, for homeowners [...] but they have refused to do that because they want to protect the prerogatives [...] of Wall Street"
NicosNicosNicosNicos 2 years ago 2
In the XIXth Century, as millions of Irish people starved while the British colonial masters were busily exporting many tons of food from Ireland, the British Prime Minister said they would not divert food for local use since "There must be no interference with the natural course of trade" [Source: Thomas Gallagher, Paddy's Lament, ]
NicosNicosNicosNicos 2 years ago 4
@NicosNicosNicosNicos We won't interfere with British trade if they don't interfere with our right to live freely in our own land.
badger5079 2 years ago 2
@badger5079
because if they do you'll have another tea party?
kaker69 2 years ago
The Irish like tea but the Irish famine was hardly a party.
badger5079 2 years ago 3
I smell more BS!
realkingkado 2 years ago 3
nice purple tie nig :)
skibee50 2 years ago
Joe Biden is really running the show...
What arrogance....what total bullshit. These guys have gotten away with this for so long,...they are becoming careless.
CleRoyster 2 years ago 3
The investment houses are primary dealers they dont need acces to discount window to fund speculation, manipulation of markets. The only way to solve this problem is to audit the FRB.
daniel987878 2 years ago 2
The huge ones in every market, can totally skirt the marketplaces limiting factors.
thetimman00 2 years ago
Dont forget also alot of key positions in regulatory agencies are filed by ex employees of the big banks too.
daniel987878 2 years ago 2
Its too much of a coincidence for me that Obama "gets tough on banks" only after Dems lose supermajority in Senate and lobbying restrictions have been loosened by supreme court.
The main cause is the Federal Reserve and Obama never touches on this because he knows who his masters are.
daniel987878 2 years ago
He was swinging what?
thetimman00 2 years ago
don't judge obama by what he says, judge him by what he does.
prosvjeta 2 years ago 5
so give a speech to gain support, do the opposite...then give a speech to redo the job you didnt do in the first place...get support...repeat?
restlys 2 years ago 2
Our 'leaders" have misjudged our intelligence.
people know whats up..
zoticus1 2 years ago
@zoticus1 ....... totally agree withat
balbahut0g 2 years ago
People know something is up.
MarquisdeBarrabas 2 years ago 3
Presidents are like a box of chocolates......
ahblisschris 2 years ago
@ahblisschris... yeah, youd never know what script they're going to read next
balbahut0g 2 years ago
you ALWAYS know what you are gonna "get"
greenhell666 2 years ago
AM I THE ONLY ONE THAT SEE THIS?
PANIC OF 1907 part deux - is this NOT OBVIOUS?
OMFG - If it were any more transparent it would fry your brain.
PsyogiBottoms 2 years ago 2
@PsyogiBottoms Tell us about it
SubmarinerAndroid 2 years ago
@PsyogiBottoms
No you're not the only one. ^^
fl00ders 2 years ago
Thank God - I thought I woke up in the invasion of the body snatchers.
SOiLIENT GREEN IS PEOPLE!
PsyogiBottoms 2 years ago
Seriously, Obama sounds like a wind up doll. Yak, yak, yak. He gave all your money to all the big financial institutuions and now he's making another campaign speech. Does anyone really believe he's looking out for the little guy?
czubspenx 2 years ago 9
Yeah, you know - between Edwards, Clinton and Obama - we really didn't stand a chance did we.
What amazing actors - seriously, shouldn't we be nominating these fuktard traitors to the Oscars?
PsyogiBottoms 2 years ago 3
I remember Marlon Brando saying "everyone is an actor"; on giving examples he mentioned politicians as not particularly good one.
NicosNicosNicosNicos 2 years ago 2
LOL I like your way of thinking!
patmountainrat 2 years ago
I suppose that is why this one is particularly dangerous. A good acting politician - OMFG - we in for it now.
PsyogiBottoms 2 years ago
Bank charges , lending out our money creating wealth for themselves off our incomes and celibrate they make millions- they lost it we bailed them out and now they want higher wages
crimsoncoin 2 years ago
wow did u see that laugh at 56 seconds? What a joke these morons are!
kassem43 2 years ago
Banks and the MIC run Washington - Obama is just a president - a figure head -- a political figure of the Oligarchy that US has become.
prayfortruejustice 2 years ago 3
This whole thing sounds great, but I dont trust anything this magician says. Look over here look over here, then bam, gold n sacs are in the money,lol. AIG btw doesnt risk tax payer money. Any one know the trick here?? I still say go for it though, lol.
WickedMo13 2 years ago
we'll see how far this goes.. nothing is simple in washington or for the banksters.. this is all a pipe dream on obama's part.
navtel 2 years ago
Great coverage Mr. Jay, well played.
ubuibiok 2 years ago 2
It's more than political posturing, it's a head fake. Look for a move in the opposite direction. The adminsitration has to give them something in return for taking something away, even something as meaningless as this. It won't be announced.
InTheSticks1881 2 years ago
If it's not the banks crashing the system it will be something else, this is capitalism after all and there is nothing stable or safe about it - regardless of how much you regulate it, you can't change its fundamental nature unless you overthrow it and replace it with a new socialism.
blackiron60 2 years ago 3
first glimpse of a promise fulfilling for Obama!?
Mendelevium146 2 years ago
@Mendelevium146
Seriously, contrary to Popular Belief, Elephants do not like to Fly .
it's a big push to get the credit to drop back down among us and out of the margins...
ubuibiok 2 years ago