Peter Suderman Discusses Greek Collapse and MF Global Meltdown on Freedom Watch

[qtutoringhelps]

Is this the only pro-freedom show on TV?

[TheeBudGuru]

The collapse of MF Global is a prime example that "Embezzlement Pays!"

[HamsterFueledRocket]

Its hilarious to see the entitlement mentality represented on a national level. The entirety of Greece feels entitled to the wealth of richer countries! Its fascinating!

[ZA56AA]

@HamsterFueledRocket

It's not hilarious-it is tyranny.

I am Greek and i feel that accross the country-even in your own family members sometimes!

What you said it's true-regretfully.

Honestly, i never thought that Greeks would really believe so strongly-at a National level-that they deserve to be paid and pensioned at the same level as Germany's for instance.

Somehow the whole Greece has gone mad!

On the other hand try to realize that EU has it's own responsibilities for this attitude;

[HamsterFueledRocket]

@ZA56AA Sorry if i offended you, when I said it was hilarious I was being partially sarcastic. We have a lot of these types of people in our country as well and i get tired of being fatalistic and just start laughing at it, to ease my pain and keep my sanity. I live in California, which is basically America's Greece(but with more weed, that helps too).

[PatricksTime]

the mf global bankruptcy is a huge scandal that never got the attention it deserved!

[SharkDude1]

Only a 170 Billion bail-out. HA! And the USA is in the Trillions!!! Who is the real problem here..

[bluefootedpig]

@SharkDude1 didn't scale. I wouldn't expect a country that is smaller than half the states to expect the same level. If each state had the same debt, that would be 5 trillion.

[russ1951]

Greece and Democrats, is there really any difference?

Borth are incompetent...

Both want other peoples' money to finance their stupid ideas...

Both start whining when they're called out on their idiotic ways...

[vonGleichenT]

Those financial prigs they got nothing better to do than to rip off people.

[surrealnumber]

both those ladies are dumber than a wet sack of bricks

[Moragauth]

@surrealnumber They're not so much dumb as intellectually lazy/sold out.

[surrealnumber]

@Moragauth i can agree with that

[ZA56AA]

@Moragauth

True.

Where you people come from?

Greece?

Or is it so obvious t the rest of the World?

Honest answer;

Because in Greece everyone believes that "foreigners can not tell who we really are";

[damrak1969]

Corzine loses a billion dollars - so it's the regulators fault and we need less regulations?

[Moragauth]

@damrak1969 Yes, yes it is.

[Jotto999]

Don't worry Greece, in my eyes your dignity is long gone already, as is that of many other countries.

[ibullpitt]

Wage lead recovery might fucking help for fuck sake. Enable the masses spend increasingly and you'll have a powerful economy.

[eveningbuzz]

I do not get it.

Why does Europe want Greece?

Why would you loan Greece money?

Why did someone loan Greece in the first place?

[Cornampoo]

@eveningbuzz because European countries are afraid a Greek collapse would have a domino effect on Spain, Portugal and Italy, ultimately leading to a collapse of the whole eurozone. (Not that loaning them money is going to solve anything, of course, but this is the idea behind it).

[eveningbuzz]

@Cornampoo

Tanx, I get that but I think you hit the nail on the head. The direction they are going now is a dead end so enough of this nonsense. Lets let the chips fall and then rebuild it vs. bailing out the crooks much like they did in the United States. Daz all I am saying. ☯ ☮ ♡ ✌

[Cornampoo]

@eveningbuzz indeed, EU and USA are doing practically the same. Sadly enough, it's going to be a race who collapses first.. Only difference is that we Europeans can't elect a Ron Paul to turn the tide, whereas you can. We're doomed.

[surrealnumber]

@Cornampoo sadly so are we, even though we have a way out, we wont take it :(

[Unkn0wnGuy]

"that's the point judge... we need laws in place to also deter financial criminals as well."

Little does she know that those laws already exist; too bad the government refuses to enforce them. The judge probably thinks she's as clueless as I do.

[Unkn0wnGuy]

"they need to grow their way out of it" ... great tips from clueless idiots.

[TylerNutify]

This vid is a complete wast of time.

The situation in Greece and the EU is not simple, but instead of gathering experts in international finance with EU experience, this Faux business station gathers 3 political hack that do nothing but pretend they know what they are talking about.

Nothing but political propaganda here

[capitalistsamurai]

Mother F--ing Global!

[karozans]

I am mostly Libertarian, but I am pretty ignorant about money.

Can another Libertarian here explain to me what role the government should have as far as currency is concerned?

How and when is the gov. supposed to print more money?

When is the government not supposed to print money?

Why is there inflation and how is inflation kept under control?

What things screw up a currency and how do you recover from them?

Is a Gold standard even possible, if so why is that good?

[ImhoffInstruments]

@karozans I don't pretend to know more than most, but I feel the government's role should be to provide a sound medium of exchange. This can't be achieved through baseless fiat currency because the money supply can be changed overnight by a small number of dominant men in an independent financial body. Gold and silver have proven time and again to be the historical market choice for money, either by choice or the result of collapse of fiat. The entire concept of printing "money" is a bit silly.

[ImhoffInstruments]

@karozans I feel a gold standard is possible, and may be necessary in the next few years following a currency collapse. The medium of exchange is too important a concept to be given to one man, or even a government as a whole. Markets themselves should choose what to accept; historically this is gold and silver. Even the potential for an institution like the Federal Reserve to alter markets is too much power out of the hands of the people and into the hands of a select few powerful bankers.

[Loathomar]

@ImhoffInstruments The gold standard is not even close to possible at current gold/$ prices, and if you are not retarded, you know gold is already over priced vs $ or oil or copper or steel. The problem is the US $ could by all the gold in the world at it already inflated price and not even come close the amount of gold needed. So, what does that mean? Well, if you are retardedly determined to go to the gold standard, gold becomes insanely costly and all really uses for gold die.

[ImhoffInstruments]

@Loathomar I'm retarded and you're the one who can barely string a sentence together? Taking the current money supply into consideration it's not really overvalued, silver especially isn't. The US can't just buy everything, why not buy every barrel of oil then as well? Currency is not money, so you can't just inflate it dramatically and hope that it results in the same amount of wealth.

[ImhoffInstruments]

@Loathomar Besides, you can't buy anything when you have to borrow from China just to keep the country going. So no, we can't buy anything because we're completely broke and people barely realize it still. 15 trillion dollars is insurmountable, we're going to inflate it away.

[senglord]

@ImhoffInstruments save for the fact that almost all gold reserves have already been mined and allocated; this is a decent idea. The massive amount of wealth in the world makes the gold standard untenable. There would simply be no way to conduct commerce with so much of the gold in the world in the hands of a very small number of people. Anyone who works for paper currency will be rendered instantly impoverished. I know there are those who say so what, but this also includes the ruling elite.

[ImhoffInstruments]

@senglord Yeah that's the problem, I know fiat can't last but can gold and silver become money again? There needs to be some sort of transitional phase because I doubt reverting to a gold standard immediately would work out very well. Once the dollar is devalued further I guess other options for money will become more attractive when it can't buy much of anything.

[PanzerDivisionBOM]

@ImhoffInstruments

I know a pretty good transitional strategy: abolish all legal tender laws. If you want to get fancy, announce it a year in advance, so people can get their own currencies or commodities going. Whatever most people choose to accept in trade, and whatever they trust to remain stable in the long run, that's money, and it'll do a Hell of a lot better than anything a central bank could print.

[hcwcars1]

tell the eu fu just like Ireland, Iceland and Argentina !!

[RedTory59]

Not hard to imagine vast amounts of money being "vaporized" considering it's all created out of thin air in the first place.

[TWSceptic]

These people are above the law, and what is the democratic answer? More laws! That's like the war on drugs, it doesn't matter that it's illegal, because people can't help themselves and just ignore the laws.

What we need is the government to STAY OUT of the market. And if they want to take the power away from these big banks then they shouldn't have bailed them out. ANd they shouldn't have given the fed the power to keep these zombies alive.

[ZA56AA]

@TWSceptic

So true but it seems to me that US Government will continue to print money out of thin air and it urges EU to do the smae.

The product of this, it's countries and bubble economies like Greece for instance@!

[NAUresistance]

Down With The New World Order And Their One World Government Wet Dream!

[BillyJoe1305]

If you're gonna get handouts it should least make you feel like shit about yourself. So yeah, choose Greece.

[Loathomar]

From what I understand of the Greek debt is that it will most like pay back 50-70% of its debt, so who would invest in this? Well, what is the return? It you invest now, and it takes 6 months before the it is cut, you will have a 65% return, than your investment drops by 30% and you have a 15.5% return on a 6 month investment. If it takes longer, you do better, if shorter you do worse. It is very high risk/high return.

[chocomalk]

With their existing debt and the interest accruing exponentially, lending them more money is just throwing fuel on the fire.

Just default, the debt is onerous anyway. It is mostly private debt thrust upon the public just as it is in the west.

[EDTHEWATERGUY]

Greece will have to economically grow out of this crisis.These women are delusional.

[ch1kusoo]

The EU government is a disaster. Just who the hell do these people think they are? They are very dangerous people indeed. Their obsession in creating a Euro state means they are happy to destroy democracy.  I could only hope and pray that the Euro gets destroyed by the markets.

[Loathomar]

@ch1kusoo Really, the EU was a breathtaking success at is main original goal, which was to stop wars in Europe after world war 2. I think you would have to go back before Roman times for find such a peaceful time in western Europe. And if the EU was the reason for not having a WW3, how much better is an economic crisis that what WW3 could have been?

[grrrstick]

Don't worry all -- Obama says we can all be like Detroit soon!

[twags32689]

for europe to survive, the eurozone needs to end

[PrairiePie23]

And...the corrupt capitalist system of the US had absolutely nothing to do with any of this. K.

[grrrstick]

@PrairiePie23 Do you have a better idea than capitalism?

[SanguineBullet667]

Don't turn America into another Greece! RON PAUL 2012

[cdoftx]

@SanguineBullet667 America will never be another Greece. If America were facing Greece's problems there would be no one to bail America out.

[Loathomar]

@cdoftx Really, as America owns it's money supply and only has debt in it's money supply, the US will not ever be in the place of Greece. The US can always inflate it way out of debt, EI, the US prints $15T and pays off all loans and cuts the value of the US currency in half. Though, if we did so, we would not be able to get any reasonable loans for the foreseeable future.

[cdoftx]

@Loathomar True, we may never default due to lack of money but we definitely can default due to lack of value.

[Loathomar]

@cdoftx No, to default is to not be able to pay back ones loans, the US will never default on loans it makes in its own currency. The effect of inflation could be like the effect of defaulting, but inflation brings about a number of positive effects, unlike just defaulting. With a VERY weak $, the cost for manufacturing drops like a rock and the US exports jump massively. That being said, the people must do with a lot less as we would pay a lot more for all imports.

[unitytorch]

I wonder if I can use the "vaporization" excuse on the IRS..?

[DetroitHomesteader]

Coming here soon.