I read today that there is expected to be another wave of massive layoffs coming. Unemployment will over 10% soon. This is not going away anytime soon. It's not just the economy that is responsible, but, what isn't mentioned that often is that many of these jobs are being replaced by technology. We were warned decades ago that people needed to get training and education in tech, management, business, engineering, etc. Blue collar jobs are a thing of the past.
Friedman is the archetypal BS artist, apparatchik for the corrupt system, a master of confusion and disinformation. Of course WE DO KNOW when and how this started, it's not rocket science. It started with the Nixon Shock in 1971 when Bretton Woods was dismantled and international capital controls went out the window and continued in 1982 when the 1st time since WW2 the US grew its debt faster than its GDP and it does it EVERY year since then except a few years in the 90s: it's NOT COMPLICATED!
This asshole makes $60,000 per hour to speak publicly.
As the election of George W. Bush represents the end of the American nation, so does Thomas Friedman represent the complete and entire loss of credibility for the NYT. He's a buffoon and an idiot.
the irony is so delicious. the biggest cheerleader of the ridiculous behaviour of the last 20 years is wondering where we went wrong. neoliberalism's useful idiot is unable to explain why his idealistic ramblings turned out to be bullshit.
i would feel bad if he wasn't so damn unpeturbed by it all. shit, he's probably already convincing himself he could see it coming and picturing another book full of senseless metaphors. may i suggest 'the world is fucked'.
@bobzilla211 What's the irony? Who is "neoliberalism's useful idiot?" Are you talking about Friedman? How did his idealistic ramblings turn out to be bullshit? As far as I know, Friedman just laid out the problems the US will have to face in the future, and argued that the solution was for the government to make using fossil fuels more expensive than "green" energy. So I fail to see how the financial shenanigans that caused this recession have anything to do with Friedman.
@ektrules if you want to know what i'm talking about, go read a couple of his books. if you can handle it that is, because they will really hurt your brain if you've read anything intelligent on the subject before.
@ektrules no, milton friedman is neoliberalism's intellectual leader. this guy is someone who gets a hard on from hanging out with CEOs. he gets overly excited when companies make a product in multiple countries. he just churns out drivel about how 'crazy' globalisation is replete with retarded metaphors and stupid theories like 'the McDonalds theory of conflict prevention' without really understanding it and everyone buys into it.
@bobzilla211 No, Milton Friedman was right. This time it was the regulators who were in on the big scam, and the American Left has become filthy rich because of it.
What's retarded is that we're supposed to look at modern Tammany Hall-style machine politicians like Ted Kennedy, Barack Obama and Barney Frank and presume they stood up for "the little guys". What idiots we are to put up with it.
@bobzilla211 Good point. Increasingly, the people controlling industry in the US are Leftists. There's a tremendous hypocrisy to it. In the name of disposing of capitalism, Marxists in the PRC has taken over huge swaths of the world capitalists economy, and now manage it for personal profit. In the US this process has been going on more slowly, but seems to be inevitable.
Traders have been complaining about it. Rick Santelli's "rant" was about it. Increasingly, business is being feudalized.
@DrCruel i was joking - you are retarded if you seriously think international finance or US industry is left wing. but if it allows you to scapegoat 'leftists' for the recession then i can see why you'd cling to something as retarded as that.
@bobzilla211 Actually I'm sick of being told that I'm stupid be people who aren't as smart as me. You mean you haven't heard of the economic rise of the PRC? Are they a shining example of what socialism is capable of, or is it not "Leftist" at all? Wish Leftists would make up their mind.
"Capitalists" did not come up with the idea of creating masses of "affordable" housing using borrowed money. Powerful American liberals have become rich with similar "helping the poor" scams - at our expense.
@DrCruel of course the PRC are 'leftist' but there's nothing political about their economic rise either way, its a matter of pragmatism.
and yes, 'capitalists' did come up with that idea, just as 'capitalists' profited from it - on wall street, in estate agencies and banks. the poor are irrelevant and were barely helped by the boom - its a matter of america and britain stumbling across this way of artificially inflating their economies and being naive enough to think it could last forever.
@bobzilla211 Machine politicians came up with the idea of "affordable housing" - and forced it on the states with Fannie Mae and Freddie Mac, sometimes in the face of considerable resistance (such as in Georgia).
If "capitalists" were responsible, tehy were Tammany Hall style capitalists like Barney Frank.
@DrCruel oh yeah wall street must have really hated making all that money off the 'socialist' housing bubble.
seriously, go educate yourself - this recession was not caused by 'socialism'.
why did it strike most in the most financialised, free market economies - the UK, iceland, the US? because they were the most exposed to risk. why? to get a competitive edge and chase profits.
why did regulators fail to see the crisis? because they assumed the market would self-regulate for risk.
@bobzilla211 I don't know where you've been. The business people I knew lost money from that government-aided Wall Street taking - and lots of it.
Seriously, go educate yourself. Fannie Mae and Freddie Mac aren't "capitalist conspiracies". And why didn't regulators at the SEC see the oncoming crisis? Because they did - and profited considerably from it. Don't you wonder where all those government trillions disappear to?
Try to think outside of the Leftist box - it makes a lot more sense.
@bobzilla211 I don't know if you've already received this suggestion, but here it goes anyway. Please read, "The Housing Boom and Bust," by Thomas Sowell. Just pick it up at the library. It's fairly short, easy to read, and very logical. I don't know, but it might change your perception a little.
sympathy? you must be a banker, I have no sympathy for assholes that make millions by speculating on my real productive efforts, it's just wrong what Wall street and the reserve banks have done.
the world banking sysytem has to be destroyed...globilization is a con.. every country in the world can provide food and tec for there own people.no more trade wars no more currancy wars and no more real wars...but i know this will never happen cos the people in power would then have no power...nice idea but it will never happen..
the only thing thing that will change anything is changing everything,.. these elite got to go ,.. this archaic belief in in what amounts to salvery for the masses for the elaborate lifestyles of the very very few,...
at what point of hunger do their heads go on pikes for all they have done to the rest of the world????
the true challenge is facing the horrifying truth that all money everywhere is based on projected value. In other words, if I place trust in others, money is rendered obsolete. But the elite cannot survive this way. No worries though, America is just too big with too many people in it, we would feed each other for free if we had to.
By way of reference as I know you do not know me from Adam, I own real estate in two states and one of those states has suffered greatly through foolish speculation and extremely generous social programs. I own investments. I have leverage. I am married and I have offspring. I suffered an extreme illness that almost killed me whereby I went through 4 surgeries –starting in 2007. And my son is in private college now.
Please learn from Grandma. She knows allot. Mine did.
I like to think of myself as a realist. Often I get depressed over our nations situation. My wife says I focus too much on the problems threatening our safety. However, vigilance is part of the key. Please do not fail to learn what you can from the past to avoid getting your clock cleaned in the future. Go talk to grandparents who lived through BOTH hyperinflation AND depression. You will LEARN what to do. Then DO it -which maybe the hard part. It is in the execution.
No it is not perfect. Yes it requires some luck –but anyone who has been successful at anything knows that all success has an element of “luck” or “fortune” or “destiny” or “providence.” The element of the unpredictable if you will.
Please study both economic developments of hyperinflation and depression, and I “think” you will discover the eye in the needle of economics through which you can thread your family’s financial AND social success.
I am concerned that people like Mr. Friedman are spreading a message that is untrue and allot of people are listen to and reading this misinformation. Because of Mr. Friedman’s recognition, many people may believe his statement, understandably, and thereby MISS what does work.
Anyone whose grandparents lived in the United States during the Great Depression AND any country that suffered hyperinflation, KNOWS or KNEW what to do BEFORE the economic debacle. And it works.
I often to do not respond to these video clips but I felt compelled to do so now. I know that Thomas Friedman is wrong, when he said, “Grandma, Grandma never saw this before….So everyone who paid attention to Grandma…got absolutely their clocked cleaned.” My Grandparents lived through both hyperinflation and depression, and what I learned through my grandparent’s experience kept my family from getting its “clock cleaned” even NOW.
This man gets paid up to $50,000 to speak for an hour or two?
PL.EASE IF THERE IS A GOD OR NOT, ANSWER ME THIS QUESTION:
WHO THE HELL IS STUPID ENOUGH TO PAY 50 CENTS TO LISTEN TO THIS MANS STUPIDITY.
He speaks but there is no substance, he is a moron who somehow has fooled some very simple people in believing that he has some knowledge worth sharing.
I have listened to him on several occasions to give him the benefit of the doubt and came to the realization that he is a clown!
Thomas Friedman is a hypocrite, a moron, a bully if he can get away with it, a whimp in reality.
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thomas friedman is a joke, he has been wrong on so many issues it's difficult to keep track of all of his missteps.
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He is a Buffoon, a loud mouthed, arrogant, ignorant, wrong thinking snake oil salesman who is so greasy that to be near him warrants a trip to the bath to cleanse oneself.
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This sub-human moron is a joke in everything he attempts to discuss from the economy to politics.
Hmmmmm - bankers DID know on both sides of the Atlantic....We won't be beaten down whatever our ages - visit DeniseDelivers for an internet solution to being out of a job, losing some of your pension .....you CAN win
When an American tries to do the right thing and opens their heart to the world, the right wing Americans attack. People like this Guy and Al Gore are constantly attacked for trying to change the world and make it a better place. They are always personal attacks never with any credibility. What's Dick Cheney & George Bush Sen. & Jun doing for the world, buying & selling oil stocks? - organizing some kickbacks on the Billions of American taxes they dumped in Iraq? -
i'm trying so hard to to hear this guy out, if for no other reason than that his views are so popular. even when i agree with him though, he's so annoying!
Why does anyone listen to this guy anymore? He's got more worthless opinions than Tyra Banks. It scares the hell out of me that Obama invited him to the Jobs and Economic Growth Forum last December. I don't want that lunatic anywhere near policymakers. Have people already forgotten that Friedman was one of the greatest propagandists for the invasion of Iraq?
if it was easy sex they wouldn't need to destroy the biosphere right? Okay, bit clumsy (all the more reason to google Moyers...) bit paradoxical - casual sex... blah blah people know.
Read Dear Jane Austen (Hannon) if all the girls took this as their basic model of feminism - men wouldn't have the incentive to behave in a manner that is anathema to that ethic - i.e. won't be inclined to destroy the world for easy sex. Obviously in many countries this simply isn't an option, women have few rights.
And if this is too moralistic, or whatever, for you - google Goleman Moyers and let the well informed consumer decide.
Interesting view of the US as the centre and Russia and the Far east being the peripherary! I'm afriad that it is the west that is rapidly heading for the peripherary over the next 20 years
This one time there was this crazy hippy being all like "dude, stop killin the Earth!" so I was like "go back to your jail cell, CHARLES MANSON! Your words are like murder against my ears!"
And then I added "this is a completely appropriate analogy!"
hey sunwing28, i think you have a good intention but do you really understand what a real "free market" is? or can you possibly picture what kind of economyi we would have if we did have "free market" or anything closer to "free market"?
I would make changes in the law so that politicians cant be bought in future.
One more thing - break up the big companies and sell off the pieces, make a law prohibiting companies from becoming too big. Set a legal limit on personal wealth, using a sliding taxation scale to prevent massive accumulation of wealth.
you mean 20 million after Weimer republic style hyperinflation hits us or before ? Because when hyperinflation hits us that 20 mil will not buy you toilet paper , 2lbs of bread in Weimer republic was 399 trillion marks while before was only 3 marks similar to US pricing now .
Fuck no - dont let anyone tamper with the consitution.
The economic problem was engineered by the central banks - its so obvious. Now, Americans are going to starve to death in great numbers - it might take a year or two - or it might happen next week.
The world needs to; jail the central bank cartel, seize all media assets from private hands and tell the truth, nationalise the central banks, re-elect academics and intellectuals.
BS - this is crap. This is a planned depression and a clear robbery and destruction of the american economy by the fed. I do not attribute positive motives or have sympathy for th "complexity" of the issue. Derivatives were created by Paulson and crew to destruct the system. Glass steagal was repealed, globalization proceeded with, currency crisis fund destroyed, insanely low interest rates created. They knew exactly what they were doing, I will not let them off the hook neither should you.
@lyndonb Amen! What a load of BULLSHIT from Friedman: "the bankers didn't know". THEY PLANNED this! Yeah - the economy is complex, but it's still a zero-sum game, and for all of us, that's all we need to know. It's not fucking hard: people (in USA, at least) can do the simplest thing: VOTE FOR RALPH NADER, or a GREEN, or a LIBERTARIAN, or a SOCIALIST - but NOT for REVERSE-socialist DEMOPUBLICRATICANS!
@duck24x something elde tom friedman is actually in bankruptcy. believe it or not this clown who is always screaming about consumerism married into a family that owned 200 malls. the economic downturn sent them into bankruptcy.
@tonylee1973 You know, it took me about 2 minutes to google this and find out that, NO Thomas Friedman is NOT in bankruptcy. His wife's father's company, General Growth Properties, filed for Chapter 11 (different than Chapter 9).
@robhoneycutt thats correct. but his wife was getting a Considerable cut. My point is this guy doesn't no shit about anything and yet the MSM hails him as a genius. this pussy married well
Conspiracy theories are reassuring aren't they? All of the answers to all of the problems in life are simple, but there are evil Disney Villians that stand at the helm of every arena of human existence to prevent the utopia from being realized.
@lyndonb Totally agree. You cannot convince me that the smartest economic people we have managed to screw up the world economy, and became fabulously wealthy in the process - at our expense - because they "made a mistake".
@lyndonb u r right on the money! This could be reversed in 6 months by simply taxing the right people and going back to the Bretton Woods system of capital controls and exchange rates.
A carefully crafted plan by the elite - why are people so stupid?....it looks like they will be successful - history is being made, and the lesson will be that the stupid and ignorant will not inherrit the earth - they will be stripped of their wealth, then stripped of their freedom, and then massecard in their millions if not billions within the next 10 years so that the elite can have security, wealth and power for their future generations - is it only me that can see the obvious?
Interesting idea but I don't think any one group has that much power. The rules of cause-and-effect are complex; definitely political elites globally have prospered at the expense of middle class folks in America. But this will change with a political shift to the left. But I think the problems in the US are deeper, structural, system, requiring a Second Constitutional Convention to fix them.
I disagree; I think Friedman's generally correct. He has a terrific way for making a complex point understandable with simple metaphors like shoveling money. I think Thomas Friedman is qualified to be a delegate to the Second Constitutional Convention.
thomas is right.. it started in the usa. BY FOREIGN BANKERS THAT CONTROL THE FEDERAL RESERVE!!! these are the same gangsters that financed stalin and hitler... they promote communism for the countries they are about to destroy. communism is a tactic to gain complete tyrannical control over a previously sovereign country.
Maybe I'm just really ignorant, but wouldn't increasing the tax credit earned for paying mortgage interest increase the value of homes immediately and in direct proportion?
It just seems like they could have used this crisis to finally be rid of the very unfair mortgage interest tax credit by first raising it very high (perhaps even double) and then having it evaporate over 50 years or so. They could give renters a credit, as a stimulus, to make the plan fair.
What makes him think the Bankers didn't understand what they were doing? Always presume the obvious. I presume the Bankers knew exactly what they were doing.
He's wrong! Grandma DID see this before. It's called the Great Depression. If we baby Boomers and War Babies had followed grandma's advice we'd all be better off.
money is an invention of man not nature. therefore, money can printed out of thin air as long as there is confidence in it's value.. at this time people have lost confidence in the current value of the dollar.. change the value to something that is needed by people and confidence will be restored..
He is covering up his kinds! This economic crisis did not just happen. It was created by people like Madoff and they should be stripped off their wealth and should be put in jail forever!
Is Friedman a conservative or libertarian? My friend says he's libertarian, but I dunno. The only "libertarian" aspect of him seems to be his stance on free trade.
Why would you listen to your friend? Just watch his videos and watch out for yourself...People of Friedman's stature often times don't categorize themselves in a particular bracket...
Your question suggests he HAS a coherent political theory. I doubt he does, apart from being a cheerleader for free trade, as you pointed out.
Mainly he's just a guy with a high-powered rolodex of connections who puts his finger to the wind periodically to figure out what kind of book to write next, something that will please the PBS tote bag crowd. I like to think of him as the Robin Leach of globalization.
capitalism gives rise to a new financial aristocracy, a new variety of parasites in the shape of promoters, speculators and simply nominal directors; a whole system of swindling and cheating by means of corporation promotion, stock issuance and stock speculation.
these distractions serve no other purpose than obfuscate what matters and not address the content of my comments.
i could very well say that i'm a part-time worker, a college student and get help from public assistance as well as from my parents- but this is entirely besides the point.
whether you agree of disagree with marx, the weight of his analysis is undeniably applicable to the unfolding crisis.
no, kid, it's actually very relevant. people like yourself who don't support themselves 100% tend to have their lil' heads in the clouds over nonsense like marxism. wait until you start forking over gigantic chunks of your paycheck to uncle sam. then we'll see how long your fad lasts.
You chiding someone for quoting one of human history's most influential economic thinkers and asking if he or she has a job, yet you complain about intelligent political discourse?
Really? What makes my opinion irrelevant? The all knowing arequipa1? Seriously, you're a user on Youtube. Tone down the badass internet babble. You have 500 characters to get a point across, and this what you come up with. If I may, I think you may be irrelevanting yourself, my good friend. Oh, and I fork over gigantic chunks of my paycheck to Uncle Sam. Not everyone seethes in anger at paying taxes. Some of us understand its a necessity and the alternative is worse.
I read today that there is expected to be another wave of massive layoffs coming. Unemployment will over 10% soon. This is not going away anytime soon. It's not just the economy that is responsible, but, what isn't mentioned that often is that many of these jobs are being replaced by technology. We were warned decades ago that people needed to get training and education in tech, management, business, engineering, etc. Blue collar jobs are a thing of the past.
09geauxtigers 6 months ago
Friedman simply doesn't know whats going on--so the sky is falling
Have a little faith in the wise men
There'll be some pain but when its over,
the country won't be broken anymore
what we need is a good dose of reality and I suspect we're about to get it
Pretty refreshing if you ask me
Zendout1 6 months ago
Friedman is the archetypal BS artist, apparatchik for the corrupt system, a master of confusion and disinformation. Of course WE DO KNOW when and how this started, it's not rocket science. It started with the Nixon Shock in 1971 when Bretton Woods was dismantled and international capital controls went out the window and continued in 1982 when the 1st time since WW2 the US grew its debt faster than its GDP and it does it EVERY year since then except a few years in the 90s: it's NOT COMPLICATED!
szatmar666 6 months ago 2
This asshole makes $60,000 per hour to speak publicly.
As the election of George W. Bush represents the end of the American nation, so does Thomas Friedman represent the complete and entire loss of credibility for the NYT. He's a buffoon and an idiot.
bapyou 7 months ago 2
the irony is so delicious. the biggest cheerleader of the ridiculous behaviour of the last 20 years is wondering where we went wrong. neoliberalism's useful idiot is unable to explain why his idealistic ramblings turned out to be bullshit.
i would feel bad if he wasn't so damn unpeturbed by it all. shit, he's probably already convincing himself he could see it coming and picturing another book full of senseless metaphors. may i suggest 'the world is fucked'.
bobzilla211 10 months ago
@bobzilla211 What's the irony? Who is "neoliberalism's useful idiot?" Are you talking about Friedman? How did his idealistic ramblings turn out to be bullshit? As far as I know, Friedman just laid out the problems the US will have to face in the future, and argued that the solution was for the government to make using fossil fuels more expensive than "green" energy. So I fail to see how the financial shenanigans that caused this recession have anything to do with Friedman.
ektrules 10 months ago
@ektrules if you want to know what i'm talking about, go read a couple of his books. if you can handle it that is, because they will really hurt your brain if you've read anything intelligent on the subject before.
bobzilla211 10 months ago
@bobzilla211 Are you talking about Milton Friedman?
ektrules 10 months ago
@ektrules no, milton friedman is neoliberalism's intellectual leader. this guy is someone who gets a hard on from hanging out with CEOs. he gets overly excited when companies make a product in multiple countries. he just churns out drivel about how 'crazy' globalisation is replete with retarded metaphors and stupid theories like 'the McDonalds theory of conflict prevention' without really understanding it and everyone buys into it.
bobzilla211 10 months ago
@bobzilla211 No, Milton Friedman was right. This time it was the regulators who were in on the big scam, and the American Left has become filthy rich because of it.
What's retarded is that we're supposed to look at modern Tammany Hall-style machine politicians like Ted Kennedy, Barack Obama and Barney Frank and presume they stood up for "the little guys". What idiots we are to put up with it.
DrCruel 9 months ago
@DrCruel haha yeah that's right because wall street represents "america's left"
bobzilla211 9 months ago
@bobzilla211 Good point. Increasingly, the people controlling industry in the US are Leftists. There's a tremendous hypocrisy to it. In the name of disposing of capitalism, Marxists in the PRC has taken over huge swaths of the world capitalists economy, and now manage it for personal profit. In the US this process has been going on more slowly, but seems to be inevitable.
Traders have been complaining about it. Rick Santelli's "rant" was about it. Increasingly, business is being feudalized.
DrCruel 9 months ago
@DrCruel i was joking - you are retarded if you seriously think international finance or US industry is left wing. but if it allows you to scapegoat 'leftists' for the recession then i can see why you'd cling to something as retarded as that.
bobzilla211 9 months ago
@bobzilla211 Actually I'm sick of being told that I'm stupid be people who aren't as smart as me. You mean you haven't heard of the economic rise of the PRC? Are they a shining example of what socialism is capable of, or is it not "Leftist" at all? Wish Leftists would make up their mind.
"Capitalists" did not come up with the idea of creating masses of "affordable" housing using borrowed money. Powerful American liberals have become rich with similar "helping the poor" scams - at our expense.
DrCruel 9 months ago
@DrCruel of course the PRC are 'leftist' but there's nothing political about their economic rise either way, its a matter of pragmatism.
and yes, 'capitalists' did come up with that idea, just as 'capitalists' profited from it - on wall street, in estate agencies and banks. the poor are irrelevant and were barely helped by the boom - its a matter of america and britain stumbling across this way of artificially inflating their economies and being naive enough to think it could last forever.
bobzilla211 8 months ago
@bobzilla211 Machine politicians came up with the idea of "affordable housing" - and forced it on the states with Fannie Mae and Freddie Mac, sometimes in the face of considerable resistance (such as in Georgia).
If "capitalists" were responsible, tehy were Tammany Hall style capitalists like Barney Frank.
DrCruel 8 months ago
@DrCruel oh yeah wall street must have really hated making all that money off the 'socialist' housing bubble.
seriously, go educate yourself - this recession was not caused by 'socialism'.
why did it strike most in the most financialised, free market economies - the UK, iceland, the US? because they were the most exposed to risk. why? to get a competitive edge and chase profits.
why did regulators fail to see the crisis? because they assumed the market would self-regulate for risk.
bobzilla211 8 months ago
@bobzilla211 I don't know where you've been. The business people I knew lost money from that government-aided Wall Street taking - and lots of it.
Seriously, go educate yourself. Fannie Mae and Freddie Mac aren't "capitalist conspiracies". And why didn't regulators at the SEC see the oncoming crisis? Because they did - and profited considerably from it. Don't you wonder where all those government trillions disappear to?
Try to think outside of the Leftist box - it makes a lot more sense.
DrCruel 8 months ago
@bobzilla211 I don't know if you've already received this suggestion, but here it goes anyway. Please read, "The Housing Boom and Bust," by Thomas Sowell. Just pick it up at the library. It's fairly short, easy to read, and very logical. I don't know, but it might change your perception a little.
flyoverjoe 7 months ago
sympathy? you must be a banker, I have no sympathy for assholes that make millions by speculating on my real productive efforts, it's just wrong what Wall street and the reserve banks have done.
MrROTD 11 months ago
the world banking sysytem has to be destroyed...globilization is a con.. every country in the world can provide food and tec for there own people.no more trade wars no more currancy wars and no more real wars...but i know this will never happen cos the people in power would then have no power...nice idea but it will never happen..
stephenbarron725 11 months ago
This man is an idiot of highest order. A fucking moron beyond comprehension.
Juanster23 1 year ago
Comment removed
Juanster23 1 year ago
Tom Friedman is a massive cumpkin.
cump-kin
noun
1. you make a jack o lantern get at least five men to cum in said jack o lantern and then get a woman to put it on her head.
borjon23 1 year ago
@borjon23 Yuck, sounds like bukkake! X O
But never-the-less, that is who he is.
Agent1W 10 months ago
the only thing thing that will change anything is changing everything,.. these elite got to go ,.. this archaic belief in in what amounts to salvery for the masses for the elaborate lifestyles of the very very few,...
at what point of hunger do their heads go on pikes for all they have done to the rest of the world????
MrMentalflossed 1 year ago
WHO THE HELL TAKES THIS FOOL SERIOUSLY?
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Thomas Friedman is an IDIOT, it's a waste of time to listen to this moron speak or read a word he writes.
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I also agree with another poster that not only is this man an Idiot, he is also annoying.
MACKATTACK1970 1 year ago
@MACKATTACK1970 dunno bout that, was listening to him today on CNBC and he made a hell of alot of sense
Seano71 1 year ago
the true challenge is facing the horrifying truth that all money everywhere is based on projected value. In other words, if I place trust in others, money is rendered obsolete. But the elite cannot survive this way. No worries though, America is just too big with too many people in it, we would feed each other for free if we had to.
DIZZZZY1975 1 year ago
Thomas Friedman is the biggest flip-flopper in the media. Not to be trusted.
burlearth 1 year ago 2
[Part 5]
By way of reference as I know you do not know me from Adam, I own real estate in two states and one of those states has suffered greatly through foolish speculation and extremely generous social programs. I own investments. I have leverage. I am married and I have offspring. I suffered an extreme illness that almost killed me whereby I went through 4 surgeries –starting in 2007. And my son is in private college now.
Please learn from Grandma. She knows allot. Mine did.
Werneyer 1 year ago
[Part 4]
I like to think of myself as a realist. Often I get depressed over our nations situation. My wife says I focus too much on the problems threatening our safety. However, vigilance is part of the key. Please do not fail to learn what you can from the past to avoid getting your clock cleaned in the future. Go talk to grandparents who lived through BOTH hyperinflation AND depression. You will LEARN what to do. Then DO it -which maybe the hard part. It is in the execution.
Werneyer 1 year ago
[Part 3]
No it is not perfect. Yes it requires some luck –but anyone who has been successful at anything knows that all success has an element of “luck” or “fortune” or “destiny” or “providence.” The element of the unpredictable if you will.
Please study both economic developments of hyperinflation and depression, and I “think” you will discover the eye in the needle of economics through which you can thread your family’s financial AND social success.
Werneyer 1 year ago
[Part 2]
I am concerned that people like Mr. Friedman are spreading a message that is untrue and allot of people are listen to and reading this misinformation. Because of Mr. Friedman’s recognition, many people may believe his statement, understandably, and thereby MISS what does work.
Anyone whose grandparents lived in the United States during the Great Depression AND any country that suffered hyperinflation, KNOWS or KNEW what to do BEFORE the economic debacle. And it works.
Werneyer 1 year ago
[Part 1]
I often to do not respond to these video clips but I felt compelled to do so now. I know that Thomas Friedman is wrong, when he said, “Grandma, Grandma never saw this before….So everyone who paid attention to Grandma…got absolutely their clocked cleaned.” My Grandparents lived through both hyperinflation and depression, and what I learned through my grandparent’s experience kept my family from getting its “clock cleaned” even NOW.
Werneyer 1 year ago
'The bankers didn't understand .....' I agree this is BS and maybe he is also!!
netstepb 1 year ago
This man gets paid up to $50,000 to speak for an hour or two?
PL.EASE IF THERE IS A GOD OR NOT, ANSWER ME THIS QUESTION:
WHO THE HELL IS STUPID ENOUGH TO PAY 50 CENTS TO LISTEN TO THIS MANS STUPIDITY.
He speaks but there is no substance, he is a moron who somehow has fooled some very simple people in believing that he has some knowledge worth sharing.
I have listened to him on several occasions to give him the benefit of the doubt and came to the realization that he is a clown!
MACKATTACK1970 1 year ago
Thomas Friedman is a hypocrite, a moron, a bully if he can get away with it, a whimp in reality.
.
thomas friedman is a joke, he has been wrong on so many issues it's difficult to keep track of all of his missteps.
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He is a Buffoon, a loud mouthed, arrogant, ignorant, wrong thinking snake oil salesman who is so greasy that to be near him warrants a trip to the bath to cleanse oneself.
.
This sub-human moron is a joke in everything he attempts to discuss from the economy to politics.
MACKATTACK1970 1 year ago
Hmmmmm - bankers DID know on both sides of the Atlantic....We won't be beaten down whatever our ages - visit DeniseDelivers for an internet solution to being out of a job, losing some of your pension .....you CAN win
fiennesd 1 year ago
When an American tries to do the right thing and opens their heart to the world, the right wing Americans attack. People like this Guy and Al Gore are constantly attacked for trying to change the world and make it a better place. They are always personal attacks never with any credibility. What's Dick Cheney & George Bush Sen. & Jun doing for the world, buying & selling oil stocks? - organizing some kickbacks on the Billions of American taxes they dumped in Iraq? -
bucketonamonkeyshead 1 year ago
i'm trying so hard to to hear this guy out, if for no other reason than that his views are so popular. even when i agree with him though, he's so annoying!
organic59 2 years ago 2
Why does anyone listen to this guy anymore? He's got more worthless opinions than Tyra Banks. It scares the hell out of me that Obama invited him to the Jobs and Economic Growth Forum last December. I don't want that lunatic anywhere near policymakers. Have people already forgotten that Friedman was one of the greatest propagandists for the invasion of Iraq?
IamChaoren 2 years ago 2
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ERROLCUSTERFLYNN4EVR 2 years ago
do you have any idea how retarded you sound?
organic59 2 years ago
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ERROLCUSTERFLYNN4EVR 2 years ago
you don't even know what my views are, how can you say that?
organic59 1 year ago
if it was easy sex they wouldn't need to destroy the biosphere right? Okay, bit clumsy (all the more reason to google Moyers...) bit paradoxical - casual sex... blah blah people know.
Xenostrobe 2 years ago
Read Dear Jane Austen (Hannon) if all the girls took this as their basic model of feminism - men wouldn't have the incentive to behave in a manner that is anathema to that ethic - i.e. won't be inclined to destroy the world for easy sex. Obviously in many countries this simply isn't an option, women have few rights.
And if this is too moralistic, or whatever, for you - google Goleman Moyers and let the well informed consumer decide.
Xenostrobe 2 years ago
"Really hard"? No, it's easy, quit producing fiat money and leave the market alone. Sorted.
Capnwabbit 2 years ago
Like you really know.
MrPontiusPilate 2 years ago
What a jack-off Thomas Friedman is! What a parasite on society this creep is!
SmerkNomGool 2 years ago
So what did we learn from this talk? nothing.... he basically said nothing
wes4327 2 years ago
Interesting view of the US as the centre and Russia and the Far east being the peripherary! I'm afriad that it is the west that is rapidly heading for the peripherary over the next 20 years
myroseaccount 2 years ago 2
thomas 'let them eat big macs' friedman is still throwing out the same silly lines but its good to see the recession has neutered him somewhat.
bobzilla211 2 years ago
garyowen4ever, add something of value, if you can
joeyraff1234 2 years ago
This guy is a fairly good speaker.
TheMcMurph 2 years ago
friedman is a putz schlemiel who needs more pie.
garyowen4ever 2 years ago
garyowen4ever can you shut the fuck up already, nobody wants to hear your stupid ass
1111Camilus1111 2 years ago
This comment has received too many negative votes show
algore is the new HITLER.........green is the new brown shirt of the GORESTAPO...........tom friedman is the new JOSEF GOEBBELS.
garyowen4ever 2 years ago
Not really. Unlike Jews, the CO2 problem can't be solved with burning :'(
ghjjfsbf 2 years ago 2
This has been flagged as spam show
are you a jap?
garyowen4ever 2 years ago
Nope, Canadian.
ghjjfsbf 2 years ago
a stupid canook...that figures eh!
garyowen4ever 2 years ago
@ghjjfsbf
Heil Hitler
metalreign81 1 year ago
@metalreign81
Fucking Nazi piece of shit
metalreign81 1 year ago
Nice analogy. :|
This one time there was this crazy hippy being all like "dude, stop killin the Earth!" so I was like "go back to your jail cell, CHARLES MANSON! Your words are like murder against my ears!"
And then I added "this is a completely appropriate analogy!"
Flyborg 2 years ago
you cnooks are UNIFORMLY GULLIBLE,STUPID MORONS.
garyowen4ever 2 years ago
Yeah! Gullible just like ORANGES!
(..I replied to your laughable analogy and nothing else. No idea what you're talking about.)
Flyborg 2 years ago
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sunwing28 2 years ago
hey sunwing28, i think you have a good intention but do you really understand what a real "free market" is? or can you possibly picture what kind of economyi we would have if we did have "free market" or anything closer to "free market"?
starfireucsd 2 years ago
hes swaying too much it makes me nauseous...
MeBoReDsOiLoGiN 2 years ago
if it is not my grandma recession then who's grandmas recession is it ?
AntiBullS 2 years ago
This guy is dreaming.
felixq78 2 years ago
I would make changes in the law so that politicians cant be bought in future.
One more thing - break up the big companies and sell off the pieces, make a law prohibiting companies from becoming too big. Set a legal limit on personal wealth, using a sliding taxation scale to prevent massive accumulation of wealth.
AmagnonX 2 years ago
Yes.
Maximum personal wealth 20 Million.
Andybaby 2 years ago
you mean 20 million after Weimer republic style hyperinflation hits us or before ? Because when hyperinflation hits us that 20 mil will not buy you toilet paper , 2lbs of bread in Weimer republic was 399 trillion marks while before was only 3 marks similar to US pricing now .
AntiBullS 2 years ago
Fuck no - dont let anyone tamper with the consitution.
The economic problem was engineered by the central banks - its so obvious. Now, Americans are going to starve to death in great numbers - it might take a year or two - or it might happen next week.
The world needs to; jail the central bank cartel, seize all media assets from private hands and tell the truth, nationalise the central banks, re-elect academics and intellectuals.
AmagnonX 2 years ago 2
BS - this is crap. This is a planned depression and a clear robbery and destruction of the american economy by the fed. I do not attribute positive motives or have sympathy for th "complexity" of the issue. Derivatives were created by Paulson and crew to destruct the system. Glass steagal was repealed, globalization proceeded with, currency crisis fund destroyed, insanely low interest rates created. They knew exactly what they were doing, I will not let them off the hook neither should you.
lyndonb 2 years ago 23
You are exactly and absolutely correct.
All of this is engineered to do exactly what it's doing.
motonegros 2 years ago
To me its just like the WMD scam. A contrived 'emergency' to dupe the public, whist somewhere someone rakes in the BIG BUCK$.
Andybaby 2 years ago
i would love to believe that. and know it was true lol. its what i think aswell.
Heiroglyphs 2 years ago
@lyndonb Amen! What a load of BULLSHIT from Friedman: "the bankers didn't know". THEY PLANNED this! Yeah - the economy is complex, but it's still a zero-sum game, and for all of us, that's all we need to know. It's not fucking hard: people (in USA, at least) can do the simplest thing: VOTE FOR RALPH NADER, or a GREEN, or a LIBERTARIAN, or a SOCIALIST - but NOT for REVERSE-socialist DEMOPUBLICRATICANS!
duck24x 1 year ago
@duck24x something elde tom friedman is actually in bankruptcy. believe it or not this clown who is always screaming about consumerism married into a family that owned 200 malls. the economic downturn sent them into bankruptcy.
tonylee1973 1 year ago
@tonylee1973 Really? WOW, what a hypocrite! Thanks for the "ammunition"!
duck24x 1 year ago
@tonylee1973 You know, it took me about 2 minutes to google this and find out that, NO Thomas Friedman is NOT in bankruptcy. His wife's father's company, General Growth Properties, filed for Chapter 11 (different than Chapter 9).
robhoneycutt 1 year ago
@robhoneycutt thats correct. but his wife was getting a Considerable cut. My point is this guy doesn't no shit about anything and yet the MSM hails him as a genius. this pussy married well
tonylee1973 1 year ago
@lyndonb interesting...glad there is another view of this mess.
taxmino 1 year ago
@lyndonb
Conspiracy theories are reassuring aren't they? All of the answers to all of the problems in life are simple, but there are evil Disney Villians that stand at the helm of every arena of human existence to prevent the utopia from being realized.
Califacience 1 year ago
@Califacience Yeah and Lnydonb has 12 thumbs up, highest rated comment.. shows that democracy fails, idiots get rated up.. lol
SeeProfileForDetails 1 year ago
@Califacience good point. they make me yawn.
mightyafrowhitey 1 year ago
@lyndonb Totally agree. You cannot convince me that the smartest economic people we have managed to screw up the world economy, and became fabulously wealthy in the process - at our expense - because they "made a mistake".
No wonder so many people are so furious.
DrCruel 9 months ago
@lyndonb u r right on the money! This could be reversed in 6 months by simply taxing the right people and going back to the Bretton Woods system of capital controls and exchange rates.
szatmar666 6 months ago
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aGuyNamedChase 2 years ago
if theres no companies left then there will be nothing for you to buy or do.
RentTheSpokeMan 2 years ago
Dude this recession is nothing at all.
America is a tough old bird; I bet we can make through another recession, or depression.
Just pay your bills and pray everything will be OK!
No worries right!?
aGuyNamedChase 2 years ago
A carefully crafted plan by the elite - why are people so stupid?....it looks like they will be successful - history is being made, and the lesson will be that the stupid and ignorant will not inherrit the earth - they will be stripped of their wealth, then stripped of their freedom, and then massecard in their millions if not billions within the next 10 years so that the elite can have security, wealth and power for their future generations - is it only me that can see the obvious?
berryman87 2 years ago
Interesting idea but I don't think any one group has that much power. The rules of cause-and-effect are complex; definitely political elites globally have prospered at the expense of middle class folks in America. But this will change with a political shift to the left. But I think the problems in the US are deeper, structural, system, requiring a Second Constitutional Convention to fix them.
tom1600x1050 2 years ago
Bottom line, is that nothing meaningful was said or useful.
ChuckyHammer 2 years ago 5
I disagree; I think Friedman's generally correct. He has a terrific way for making a complex point understandable with simple metaphors like shoveling money. I think Thomas Friedman is qualified to be a delegate to the Second Constitutional Convention.
tom1600x1050 2 years ago
thomas is right.. it started in the usa. BY FOREIGN BANKERS THAT CONTROL THE FEDERAL RESERVE!!! these are the same gangsters that financed stalin and hitler... they promote communism for the countries they are about to destroy. communism is a tactic to gain complete tyrannical control over a previously sovereign country.
DennyMclain2008 2 years ago
Goodbye USA
carbonseven1st 2 years ago
It's not that complicated
Watch the Zeitgeist movie
WinstonCrawford 2 years ago
second that
chris3443 2 years ago
it's not simple, buy a brain.
Nuclearcx 2 years ago 2
Maybe the bankers thought they knew what they where doing. But I think they have lost control now.
This is good opportunity to dethrone the corrupt international bankers and the globalists in general.
fafne 2 years ago
you obviously haent read his material, yet another conserv afraid to accept his worship idols, like limbaugh and hannity, are wrong
goldgrif 2 years ago
Mama would call this bullshit, the bankers are a bunch of criminals.and should be given the dead penalty
genaroman78 2 years ago
Maybe I'm just really ignorant, but wouldn't increasing the tax credit earned for paying mortgage interest increase the value of homes immediately and in direct proportion?
It just seems like they could have used this crisis to finally be rid of the very unfair mortgage interest tax credit by first raising it very high (perhaps even double) and then having it evaporate over 50 years or so. They could give renters a credit, as a stimulus, to make the plan fair.
ananiasacts 2 years ago
What makes him think the Bankers didn't understand what they were doing? Always presume the obvious. I presume the Bankers knew exactly what they were doing.
He's wrong! Grandma DID see this before. It's called the Great Depression. If we baby Boomers and War Babies had followed grandma's advice we'd all be better off.
Does this guy have anything to offer?
macpduff 2 years ago 2
Grandma didn't have a global economy, is the point he made, and you apparently glossed over.
particletheory 2 years ago
is he trying to make a point?
bluegrrl70 2 years ago 2
this is a stand up comedy right?
chaniwie 2 years ago 4
money is an invention of man not nature. therefore, money can printed out of thin air as long as there is confidence in it's value.. at this time people have lost confidence in the current value of the dollar.. change the value to something that is needed by people and confidence will be restored..
WhoRonPaul 2 years ago
Too cute by half. I find Friedman to be just annoying, not informative, not funny, not profound. Just annoying.
toosinbeymen 2 years ago 9
He is covering up his kinds! This economic crisis did not just happen. It was created by people like Madoff and they should be stripped off their wealth and should be put in jail forever!
eagle28m 2 years ago 4
Is Friedman a conservative or libertarian? My friend says he's libertarian, but I dunno. The only "libertarian" aspect of him seems to be his stance on free trade.
whoo689 2 years ago
Why would you listen to your friend? Just watch his videos and watch out for yourself...People of Friedman's stature often times don't categorize themselves in a particular bracket...
TKMSeznam12 2 years ago
Your question suggests he HAS a coherent political theory. I doubt he does, apart from being a cheerleader for free trade, as you pointed out.
Mainly he's just a guy with a high-powered rolodex of connections who puts his finger to the wind periodically to figure out what kind of book to write next, something that will please the PBS tote bag crowd. I like to think of him as the Robin Leach of globalization.
hugozoom 2 years ago
what a continuously proven wrong dickhead
poop121 2 years ago 5
exactly, i wish this disingenuous con job would just disappear
idiley 2 years ago 2
you & more than 300M americans mr friedman
upabittoolate 2 years ago
capitalism gives rise to a new financial aristocracy, a new variety of parasites in the shape of promoters, speculators and simply nominal directors; a whole system of swindling and cheating by means of corporation promotion, stock issuance and stock speculation.
-karl marx
mikezephyr 2 years ago
please don't quote karl marx for intelligent political discourse
arequipa1 2 years ago
yeah because it's totally inapplicable.
markets tumble, class crisis deepens, bourgeois states rush to save capital- sure, marx has no relevance.
please introduce intelligence to political discourse.
mikezephyr 2 years ago 2
do you have a job and support yourself 100%?
arequipa1 2 years ago
that's cheapest ad hominen i've seen for a while.
merdufer 2 years ago 2
it's not ad hominem, FFS, it's a simple question!
arequipa1 2 years ago
i assumed the question was relevant to discussion, but apparently it wasn't.
merdufer 2 years ago
these distractions serve no other purpose than obfuscate what matters and not address the content of my comments.
i could very well say that i'm a part-time worker, a college student and get help from public assistance as well as from my parents- but this is entirely besides the point.
whether you agree of disagree with marx, the weight of his analysis is undeniably applicable to the unfolding crisis.
mikezephyr 2 years ago 2
no, kid, it's actually very relevant. people like yourself who don't support themselves 100% tend to have their lil' heads in the clouds over nonsense like marxism. wait until you start forking over gigantic chunks of your paycheck to uncle sam. then we'll see how long your fad lasts.
arequipa1 2 years ago
You chiding someone for quoting one of human history's most influential economic thinkers and asking if he or she has a job, yet you complain about intelligent political discourse?
eirefrance 2 years ago
eirefrance: your opinion is irrelevant
arequipa1 2 years ago
seriously dude, your ignorance is blinding.
you don't even have issues with marxism per se, you just have your panties in bunch because of taxation.
that's the fucking ideological inanity paralyzing masses of americans lulled into rational sleep by regressive-conservatism.
mikezephyr 2 years ago
i do have an issue with marxism. i think it's doomed to fail and beneficial to no one.
arequipa1 2 years ago
Really? What makes my opinion irrelevant? The all knowing arequipa1? Seriously, you're a user on Youtube. Tone down the badass internet babble. You have 500 characters to get a point across, and this what you come up with. If I may, I think you may be irrelevanting yourself, my good friend. Oh, and I fork over gigantic chunks of my paycheck to Uncle Sam. Not everyone seethes in anger at paying taxes. Some of us understand its a necessity and the alternative is worse.
eirefrance 2 years ago