1. Goldman Sachs tries to raise Islamic bonds ( called Sukuk ). The proposed bond issuance isn't approved because the bond's structure is fraudulent & not in compliance of Shariah standards.
2. Kudos to the regulatory officers who blocks & prevents Goldman Sachs' plan.
3. Refer : Business week & Bloomberg dated Dec 21, 2011
1. 1998 Brooksley Born ( white woman ) wanted to regulate the subprime mortages. She was Chairman of the Commodity Futures Trading Commission in America.
2. 5 Jews defeated her : Alan Greenspan. Robert Rubin, Lawrence Summers, Arthur Levitt & Timothy Geithner ( appointed Obama's Treasury Secretary )
3. In 2008 these subprime mortgages exploded & thousand of Americans were homeless.
@Stevie68000 : can we please stop with this nonsense.. Some of the most vocal opponents of the Fed / subprime housing / regulations / etc were also jews. The folks who brought the Austrian school of economics were also jews.
1. Goldman Sachs try to issue Islamic Bonds ( Sukuk ). The issue was not approved because the bond's structure is fraudulent & does not meet the Shariah's standards.
Its becoming painfully obvious from how well Australia's economy is doing compared to pretty much every other is that stimulus always trumps austerity - The only sector which should be taking a hit are the godamn assholes who screwed up the system - Bankers! Plus does anyone regulate these ratings agencies? Seems like an awful lot of power to hold over a nations reputation...
@enigma1990 You think Australia is doing well?? Seriously have ya watched the news?? The only thing keeping this country floating and in the green is the mining sector, other then that the government does not care if jobs go overseas and more and more people become unemployed, but frak it right!? As long as we get our Sunday BBQ everything is fine right??
Uh where it has worked? Does the global depression, caused by zero-regulation policy, massive credit expansion and risk speculation in the USA (surprise!), in 1929 tell you anything?
All European countries countered it with state expenditure. Central banking is not the cause of banking crises, it's not the central bank in 2008 that engaged in debt trade, mixing concotions of varying risk and selling them as pooled toxic to make max profit but take no risk.
@Vendetta042 Don't know how it is in your country, but in mine (Netherlands) you see a LOT of advertisements for people offering to buy your gold and jewelery off you.
Also these kind of ads seem to run rampant in the Britain and Ireland (or at least they were during 2010, haven't been over there lately)
Mark my words, a return to the gold standard may be incoming.
BREAKING NEWS-- BANK RUN -TRINIDAD AND TOBAGO WEST INDIES, REPUBLIC BANK, ROYAL BANK, FIRST CITIZEN BANK and SCOTIABANK thousand of customers simultaneously secretly withdrawing all their funds, because they believe that the banks might go into bankruptcy, and for fear of the bank becoming insolvent and that they the customer, will lose all their money.people are putting their money in smaller credit union banks or keeping it at home.
BREAKING NEWS-- BANK RUN -TRINIDAD AND TOBAGO WEST INDIES, REPUBLIC BANK, ROYAL BANK, FIRST CITIZEN BANK and SCOTIABANK thousand of customers simultaneously secretly withdrawing all their funds, because they believe that the banks might go into bankruptcy, and for fear of the bank becoming insolvent and that they the customer, will lose all their money.people are putting their money in smaller credit union banks or keeping it at home.
@ggorg2000 Shirley owes Bill money who owes Jane money who owes Bob money but Jane cant pay Bob because Bill cant pay Jane because Shirley cant pay Bill. So in this case the government pays Bob with Shirleys, Bills, and Janes taxes while everyone else gets austerity. Its free market!
@BenjiREC - I name call, sure, but that's because I'm sick and tired of seeing your ignorant comments all over the internet. You claim free-market capitalism works. But when you're pressed on it's biggest weakness - land ownership - you fall in to a sputtering ball of stupid that is mind numbing to behold!
Get your head out of Stefbot's ass and THINK you fucking retard. It's not rocket science. He who owns the land in capitalism is the lord of everyone!
@BenjiREC - "Free market capitalism" is basically feudalism, because you grand property owners the right to take everything from everyone else, all in the name of "rent." Stupid idiot asshole.
Before you say "new landlords will make better offers," where the hell will the new landlords come from? Will the mystical awesomeness of "free-market capitalism" magically cause land to rise from the seas?
Fucking moronic idiot serf. Get back to work, SLAVE!
@LeksServices : eh? ROFL, Your bungled definition of free-market describes what feudalism and socialism share in common - you have no rights to your own property. Everything is owned and taken away by the state or your overlord.
@interfan63 That's what I thought when this mess started, but then I heard hoe poorly business are ran in the US. At least 1 nationwide service business can't operate 24 hour without getting a loan & there are many business like that it seems. The banks pretty much has the world by the short hairs.
I say let it happen, that would mean a good portion of the money the banks have is worthless, and alot of the rich will be down to the level of the middle class and the poor. This is what happens when you gut the regulations that were meant to stave off another global depression. Stop your whining, you're going to get sick because of your unwillingness to take your medication for a few moments of pointless comforts.
Global Governments and the Banks have no one else to blame but themselves.
@bigboywasim Big Government is the Patriot Act and the newest NDAA. Regulation that protects the people from harm is government working as it should. There were no regulations of derivative trade. The economy tanked because of them.
We may be witnessing the curtain act of capitalism, certainly of unbridled capitalism. The gangsters that make capitalism work cannot be left unsupervised for the sake of the the rest of us.
@BenjiREC the attitude is due to your smugmness. you act like you even know what you profess, you should be asking questions, not telling me whats what.
@BenjiREC my god you are fucking retarded, first you say we dont have capitalism then you say im right and we do and half way down the same comment you go back to saying we dont.
capitalism isnt limited to free markets. you ignorant slut.
i dont want a socialist government, i want socialism. eu is capitalist.
another libertarian that fails to understand basic definitions...
@BenjiREC one intentionally favors the rich, one does it by side effect. neither are worth while. Not that I had any obligation to answer that, because you did that to side track this discussion away from your ignorance of socialism.
I have to wonder if Thomas Jefferson isn't chuckling in his grave. He warned us about this over 2 hundred years ago...he strongly resisted the formation of banks in the US because of possible situations like this.
I can't believe people still care about what Fitch thinks. They rated subprime mortage based CDO's with AAA. If they are not crooks, they are completely incopetent. If the market echonomy actually worked those rating agencies would have gone out of business 3 years ago.
Credit rating agencies are hired by banks and finance institutes to rate them.
So the banks pay Fitch etc to rate them, there's a conflict of interest here where money obviously wins.
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The global finance market has become so handicapped, these conmen are relied upon to judge whether pooled debt is toxic or not because of the complex mathematic combinations banks use.
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Britain just re-regulated their banks, good move by the Conservative Party!
In the Netherlands the Rabobank was downgraded, but the Rabobank still has the highest rating in the world. Also, they were downgraded because of a new method to calculate the rating, not because of bad prospects; the Rabobanks' trademark is safety.
It seems as if the leaders and bankers in all of these nations including mine has failed miserably at their jobs, many I'm sure are just robbing citizens and governments blind.
It's no surprise the US banks, and I'm sure some US politicians, are in the middle of another mess again. This is all just a global theftfest. Can anyone really do anything other than sit back and watch the kingdoms crumble?
They know we're fucked, this is why they are passing bills like SOPA, PIP, National Security etc... Make protestors into terrorists, arrest the indefinitely.. censor the net.. etc etc etc.
@lestliness Meh, their empire won't last long; fattened, liberty-spoiled people can get humongously, brilliantly revolutionary when they become starved & caged.
How do they expect Europeans to spend more money when living costs are rocketing and average wages are going down? This makes no sense, even Christmas can barely lure people to spend their money or what little they have left!
cenk is wrong. i studied the greek crisis at great lenght and they have to do auserity programms to asure not to be the prey of the financial markets. on the other hand thy would (of cooooourse need growth.
Maybe its me but common damn sense would be stop giving money to the rich and focus on the working poor & the middle class. The middle class and the working poor stimulate the economy when they have more they spend more its not rocket science. Every country that try to cut out the middle class & working poor are having financial problems so obviously giving money to the top while suffocating the bottom is not working.
@demarcus39209 agreed. I bet a very large amount of money is just stockpiled with the rich that cant even used the money in such great quantities. Just more money people that need it cant use and leaves less available...
Goldman Sachs helped Greece to cook its books to meet the criteria to join the Euro. Paranoid people even would argue they did this with help/encouragement by the US Government to weaken the Euro.
Capitalism is sick and old, and we are witnessing its death. Also socialism is not the same as big government. Nipping that in the butt before that gets started.
@endauthority sure, so what other options do we have ? communism or maybe a god state like iran ? dude we need capitalism, but uncreative slaves like you who just work obviously can't see the potential this world holds
@TehCuteDuke Socialism is good. I have yet to see actual communism by the way, just a quick quiz for you, whats the difference between communism and socialism?
@tooltalk you really dont. you think socialism and government have anything in common. that right there tells me you have a libertarian definition of socialism that is completely removed from anything any socialist believes.
@endauthority : who said anything about gov't? You deny that socialism is based on collective ownership / output and rejection of private / individual rights?
@tooltalk Who said anything about government? YOU DID, in another discussion that you hoped I wouldnt see, you disingenuous fuck. "Everything is owned and taken away by the state or your overlord."
Individual rights are maximized with socialism, however, it does not recognize the state, nor does it recognize the ability to coerce others with property rights. One cannot own a lake that many depend on, for example.
@endauthority : a typical socialist dipshit. Why quote from another discussion? Do you want to defend LeksServices's batshit comment on free-market, why don't you explain how free-market resembles feudalism in theory or practice?
"..coerce others with property rights.."
ROFL, you just said socialism does not recognize or protect your private property / individual rights loud and clear.
@tooltalk i quoted from another discussion because its something you said, you retard.
private property is not an objective right. its purely arbitrary, and based on really loose philosophy. with that being said, most socialists do believe in private property, as long as it does not interfere with the livelyhood of others. me on the other hand, i dont believe in property period.
wtf? honey, did you just figure that the notion of private/individual rights is relatively a young political, economic idea in human history (though a few isolated ancient Celtic Ireland civ's practiced it)? or that there wasn't much of that freedom or individual legal rights until recently? Secondly, let me repeat, socialism does not *maximize* individuals rights. It maximizes the rights of collectives over individuals. And who the fuck are "most socialists"? When did
@tooltalk half of what you said has no relevance to the discussion. who cares how old the ideas are?
the second half is just you saying socialism sucks, you arent actually addressing anything that has to do with socialism. with socialism, the only time the democratic process is used is when an issue effects many people. individual rights end where other individual rights begin
read about socialism before being brainwashed by the republican youth cult known as the libertarian party
@endauthority : LOL, honey, you were supposed to defend your bullshit claim on how socialism *maximizes* individual rights. Instead, you kept on meandering around with your theories about the philosophy of private. I should have ignored it from the getgo, but called out your coherent distraction.
It's rather clear that you absolutely have no clue what you are talking about. So why don't you STFU?
@endauthority : LOL, another f'ng clueless socialist troll.
You: socialism *maximizes* individual rights, but does nothing to protect them.
Me: makes no sense.
You: Private rights is a loose philosophy. "Most socialists" believe in private property, but I don't.
Me: I don't give a fuck about your flawed view of the private property, or "most socialists" or "your view" think - completely irrelevant. Explain how socialism maximized private / individual rights.
@tooltalk you are retarded. I told you that property rights often come in conflict with individual rights, which is where the "collective" aspect comes in. Every person is more free to do what they want with socialism.
look to the "lake" argument I made earlier, you stupid libertarian pseudo intellectual.
@endauthority : ROFL, your dumbass "lake" example contradicts your claim - socialism does not recognize private / individual rights of property owner if the collective deems it necessary (or "depend on it). It only protects the rights of the collective, the beneficiary of the theft, not the individual owner. That is not "every person".
@tooltalk no, it benefits my claim. If you lived in a community where your only source of water is the lake, and some guy thinks he owns it, your individual liberty is now compromised.
property rights are not necessarily a part of being free, or an individual.
@endauthority : again, you just said, socialism doesn't guarantee the rights of *every* individuals; it only protects the those of the *collective*. You can't use the word "every" if the word every excludes "the property owner."
I don't care how you spin this and frankly this discussion is pretty pointless. Stop responding, you nonsensical bullshit is giving a headache.
@tooltalk there wouldnt *be* a property owner.... noone would be allowed to own something that many people depend on. In this case, the person you refer to as the "property owner" is removing the individual right to existence for many others.
Nobody has property rights, anyway. Property rights are given by governments to elevate social standing.
@endauthority : ROFL. dumbass. How does socialism maximize private / individual rights when it doesn't even *allow* such rights to exist in the first place? You are not entitled to anything created or owned by others. You can't *remove* something from anybody unless you start with a flawed assumption that everything is already owned & shared collectively by *everyone*.
Enough of your batshit. Don't respond until you get your f'ed-up head checked.
@tooltalk socialism maximizes individual rights, because individual rights arent actually tied to property ownership. Property ownership gets in the way of individual rights.
Property ownership is a collective function of government, not of the individual.
I love how on TYT videos that the top comments are usually from Europeans bashing the U.S. for its failures and everyone LOVES it. Yet, when there's a video of European failure the top comments are always excuses as to how it's not a big deal and that their way of governance is still right. Haha, how delusional
Is your position to just bitch and complain? That's the problem with this fucked up country. We're always looking for excuses and someone to blame rather than looking for solutions. Our politicians and gov't have cajoled us. Time for things to change.
@Joolazoo You're using money and resources as interchangeable terms, which they are not. Money holds no physical worth, it is backed by no real value---physical resources however, do. Money isn't created based on how much physical wealth is backing it---its simply printed based on demand with no real value behind it. Money is worthless, resources are not.
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This economic collapse has nothing to do with workers or resources; only the fallacy called money. Its all an empty illusion.
@MrFreeCookie The Liberal position on money is the exact same as the Republican position; endlessly buy money, at interest, from the Federal Reserve, in a cycle of endless debt you cannot pay back, but only go further into.
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The progressive position however, is to abolish the eternal debt cycle of the Fed. so the masses can finally get out of the economic enslavement of having to pay into debt which isn't possible to pay off.
Europe needs to do real austerity measures, where the government spending is cut by 60-85% and the social programs are cut by that amount and many politicians lose their jobs. This is GOOD FOR THE ECONOMY.
All of the spending that doesn't happen in government is money that does not have to be STOLEN (taxed) from the investors and businesses and people.
It's the people who drive the economy, not government spending.
US and EU want to bail out the banks, of-course, so expect more TARP.
When banks make bad bets, let them fail and let them die. That's how it should work. I don't care how many people get laid off or how much the lending market gets hit by it -- if you play games with wreckless betting and loose, then fuck off. No tax money to bail them out, and no low- or zero-interest loans to prop them up.
I find the economic troubles in the past 3 years to be so... pointless. So much stress and so much worry for problems that are essentially non-existent, only theoretical.
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If you disagree, let me ask you this: is there any less raw resources on Earth? Are there fewer eligible workers? Has technology pack peddled? Are there less machines for us to use? Is there any tangible factor in the economic system that has failed us in any tangible way? No, no, no, no, and no.
"I find the economic troubles in the past 3 years to be so... pointless. "
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Indeed. It wasn't caused by war, famine nor lack of physical resources but ruthless speculation by people with an excess of capital, predatory loaning and unregulated trading of debt to avoid all risk of high-risk loans.
@soylentgreenb Those "real resources" you're talking about is money, which is NOT a real resource. It was under the gold standard, where every dollar was backed by physical gold, but we haven't used that system for some 80 years. Today, money isn't backed by any real value---it only holds value because we all collectively agree it does, when in reality it doesn't.
Again, this whole economic collapse is just in peoples heads. There's no real loss in workers or resources; all false
@LeksServices Actually gold has immense value. It doesn't corrode or degrade in any environment, its the 2nd most conductive metal (silver is most conductive but due to its rapid tarnish it becomes useless for circuitry), its extremely easy to work with (too malleable actually; it has to be impure for jewelry so it stays solid), it has a very high luster, and its very hard to get from the ground, so nobody can just pull a fortune out of their ass.
Firstly, regarding public debt... if governments can't pay their bills, then this is serious. The only reason we haven't seen total defaults is because of huge, politically disastrous intervention by neighboring countries. Secondly, regarding private sector... the income gap has shifted dramatically, leaving more people in poverty in wealthy countries. Natural resources on earth are only good if everyone has sufficient access to them.
@dookdawg214 - Money is not a real resource. It has no inherent value at all. If you want a measure of REAL wealth, you need look only beneath your feet. LAND is the measure of real wealth. This is easily demonstrated. If I own 99% of the United States of America, then who is not my servant?
Money represents your share of the resources. In case you haven't noticed, we no longer live on an earth where you can just walk up to a random field and start planting things. Your share of resources hinges on what society allows. If 1% own 90% of the nation's money, then they also own 90% of the nation's resources.
Cenk you are wrong about the greece & goldman sachs. greece should not have been in the eurozone in the first place. goldman was their auditor and lied. also they borrowed way more than the could afford to pay back. their politicians spent like crazy to get reflected. their civil servants were paid way too much like the comm train operators were making 65k a year
The EU is filled with neoliberal fucked up pundits who are trying to do what has been attempted so many times since Pinochet, with IMF wreaking havoc all across Africa etc:
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To fix deregulation-caused crises with more deregulation.
Imagine if Germany in the 1930s had tried to fix their Zimbabwe economy with more deregulation, exposure to irrational global finance flows and power to the great speculators which was the cause of it all from the very beginning.
@underbjorn As someone who lives in Europe (vienna) I totally agree with you. The absolute minimum of what we need is a merciless regulation of the financial market and the financial transaction tax.
One reason why your comment was marked as spam was probaply because americans maybe don't even know what the word neoliberal and it's economic effects mean.
It is very destructive when the mainstream of a country is so hardcore rightwing that even the word 'social' is a taboo.
So can we keep blaming the banks and actalyl DO something about it? I mean they won't havepower in politics anymore. They won't have the money to spend on it.
During the beginning of the global recession, the annual bonuses of the U.S' five largest companies' directors increased from 38 to 40+ billion dollars.
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I think they can afford whatever they want, they steal the common man's money on their ponzi schemes built on thin air.
That they become richer while everybody else becomes poorer in the middle of a major crisis isn't a coincidence.
"so the solution to overspending is to spend more!"
The solution to any banking-caused crisis is to increase public expenditure in constructive sectors parallell with regulations, as a part of regular contracyclical policy.
@bluefootedpig - What's your solution? Hand all the land over to the wealthy few so we can have them running our lives instead of the government? Do yourself a favor: Sell all your land, rent a house, and see how well that works out for you.
@LeksServices Sold my land, i do rent, and it is amazing. I am coming out way ahead every month now. And to fix prices like this, you liquidate bad assests. You let the housing prices fall to what they are actually worth, then housing becomes cheap for those people who didn't commit it to too much. Take someone who does rent, and has saved up 150k. A house that used to be worth 300k, now foreclosed is selling at 150k. That person can buy outright for doing well. Instead it is propped up.
1. The fact that anyone trusts the analysis from the rating companies that rated AAA CDOs and banks right before they crashed still amazes me. The truth is, while governments cannot pay these agencies for their ratings, companies can.
2. EU-17 GDP 2012 growth forecast is +0.5. Yes it's true that is almost a recession, but it's not. Germany and France will grow +1.6. Only Greece and Portugal will recess.
It's more of a "not good" situation than a PANIC!!!
You don't get it Cenk; that is exactly what they are trying to do. Shovel all the commodities upward, while making the means we have to purchase those commodities useless.
Thanks guys. Thanks a fucking bunch.
- Australia
ToyletGnome 2 months ago in playlist Uploaded videos
In Spain now most young people are unemployed. And the unemployment rate is rising.....
StarsManny 2 months ago
yes and why are these banks in trouble....because america dreged us down with them
damnitw 2 months ago
I was kind of hoping the rest of the world wasn't quite as fucked as the US. That hope is starting to dwindle....
TheCreeperhunter 2 months ago
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Jew & Islamic Bond :
1. Goldman Sachs tries to raise Islamic bonds ( called Sukuk ). The proposed bond issuance isn't approved because the bond's structure is fraudulent & not in compliance of Shariah standards.
2. Kudos to the regulatory officers who blocks & prevents Goldman Sachs' plan.
3. Refer : Business week & Bloomberg dated Dec 21, 2011
4. Goldman Scahs CEO, Lyold Blankfein is Jew
Stevie68000 2 months ago
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Jew & Economic Destruction
1. 1998 Brooksley Born ( white woman ) wanted to regulate the subprime mortages. She was Chairman of the Commodity Futures Trading Commission in America.
2. 5 Jews defeated her : Alan Greenspan. Robert Rubin, Lawrence Summers, Arthur Levitt & Timothy Geithner ( appointed Obama's Treasury Secretary )
3. In 2008 these subprime mortgages exploded & thousand of Americans were homeless.
4. Watch PBS video " The Warning " on youtube
5. Testimony to US Congress included
Stevie68000 2 months ago
@Stevie68000 : can we please stop with this nonsense.. Some of the most vocal opponents of the Fed / subprime housing / regulations / etc were also jews. The folks who brought the Austrian school of economics were also jews.
tooltalk 2 months ago
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Goldman Sachs & Islamic Bond
1. Goldman Sachs try to issue Islamic Bonds ( Sukuk ). The issue was not approved because the bond's structure is fraudulent & does not meet the Shariah's standards.
2. Reference :
Businessweek - December 21, 2011
Bloomberg - December 21,2011
3. Goldman Sachs CEO, Lyold Blankfein is Jew
Stevie68000 2 months ago
I dont know what to say about a global depression, I feel I have a naive optimism that says "Don't worry, every thing will be alright"
Christfollower29 2 months ago
Its becoming painfully obvious from how well Australia's economy is doing compared to pretty much every other is that stimulus always trumps austerity - The only sector which should be taking a hit are the godamn assholes who screwed up the system - Bankers! Plus does anyone regulate these ratings agencies? Seems like an awful lot of power to hold over a nations reputation...
enigma1990 2 months ago 12
@enigma1990 You think Australia is doing well?? Seriously have ya watched the news?? The only thing keeping this country floating and in the green is the mining sector, other then that the government does not care if jobs go overseas and more and more people become unemployed, but frak it right!? As long as we get our Sunday BBQ everything is fine right??
murattk22 3 weeks ago
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@bluefootedpig ---
Uh where it has worked? Does the global depression, caused by zero-regulation policy, massive credit expansion and risk speculation in the USA (surprise!), in 1929 tell you anything?
All European countries countered it with state expenditure. Central banking is not the cause of banking crises, it's not the central bank in 2008 that engaged in debt trade, mixing concotions of varying risk and selling them as pooled toxic to make max profit but take no risk.
underbjorn 2 months ago
Comment removed
underbjorn 2 months ago
Mby, I should buy gold before it is to late... hmmm
Vendetta042 2 months ago
@Vendetta042 Don't know how it is in your country, but in mine (Netherlands) you see a LOT of advertisements for people offering to buy your gold and jewelery off you.
Also these kind of ads seem to run rampant in the Britain and Ireland (or at least they were during 2010, haven't been over there lately)
Mark my words, a return to the gold standard may be incoming.
Oil runs out, gold too, but less quickly.
exZell 2 months ago in playlist Meer video's van TheYoungTurks
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TheThirdHour 2 months ago
I think the Finnish bank got downgraded because of the insecurity of the European financial sector...
blechtic 2 months ago
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BREAKING NEWS-- BANK RUN -TRINIDAD AND TOBAGO WEST INDIES, REPUBLIC BANK, ROYAL BANK, FIRST CITIZEN BANK and SCOTIABANK thousand of customers simultaneously secretly withdrawing all their funds, because they believe that the banks might go into bankruptcy, and for fear of the bank becoming insolvent and that they the customer, will lose all their money.people are putting their money in smaller credit union banks or keeping it at home.
leef0flife 2 months ago
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BREAKING NEWS-- BANK RUN -TRINIDAD AND TOBAGO WEST INDIES, REPUBLIC BANK, ROYAL BANK, FIRST CITIZEN BANK and SCOTIABANK thousand of customers simultaneously secretly withdrawing all their funds, because they believe that the banks might go into bankruptcy, and for fear of the bank becoming insolvent and that they the customer, will lose all their money.people are putting their money in smaller credit union banks or keeping it at home.
leef0flife 2 months ago
This is the world economy: an egg.
This is the world economy on Reaganomics: a fried egg.
Any questions?
cleanhomer 2 months ago in playlist More videos from TheYoungTurks
@cleanhomer : This is the world economy on socialism: eggdrop soup.
Any question?
tooltalk 2 months ago
End the Euro...
And the FED.
RON PAUL 2012.
DackIsBack 2 months ago
@DackIsBack Shut the fuck up, Ron Paulers!
cleanhomer 2 months ago in playlist More videos from TheYoungTurks
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Jew spits at Christians in Israel
Reference : Ynet newspaper ( a newspaper in Israel )
Date : 15th December 2011
Title : ADL: Spitting at Christians a 'repulsive act'
Note : Please check for verification.
Stevie68000 2 months ago
Tax cuts for the rich are the answer since they are the 1s who keep the ecomony going
timoback3000 2 months ago
@timoback3000 troll detected.
10thAngel 2 months ago
If all these banks were gamblers, then who's the house? No really, I have no idea. That money went somewhere didn't it?
ggorg2000 2 months ago 26
@ggorg2000 the rothschild family, the bilderbergs, the rockerfellas
TheItchyFetus 2 months ago
@ggorg2000 The everyday poor schlums are the house. We're paying for all this shit.
cleanhomer 2 months ago in playlist More videos from TheYoungTurks
@ggorg2000 Ever wonder where all those billion dollar bonuses come from for the select few ?
celt67 2 months ago
@ggorg2000 Shirley owes Bill money who owes Jane money who owes Bob money but Jane cant pay Bob because Bill cant pay Jane because Shirley cant pay Bill. So in this case the government pays Bob with Shirleys, Bills, and Janes taxes while everyone else gets austerity. Its free market!
mikero1369 2 months ago
@ggorg2000 I've often wondered this, it has led to hours of confusion.
20Tomas08 2 months ago
@ggorg2000 The banks are the gamblers, the taxpayers are the fund and the house is the ceo's who make billions off of their own banks failing.
Lpoolboy 2 months ago
@BenjiREC - I name call, sure, but that's because I'm sick and tired of seeing your ignorant comments all over the internet. You claim free-market capitalism works. But when you're pressed on it's biggest weakness - land ownership - you fall in to a sputtering ball of stupid that is mind numbing to behold!
Get your head out of Stefbot's ass and THINK you fucking retard. It's not rocket science. He who owns the land in capitalism is the lord of everyone!
LeksServices 2 months ago
@BenjiREC - "Free market capitalism" is basically feudalism, because you grand property owners the right to take everything from everyone else, all in the name of "rent." Stupid idiot asshole.
Before you say "new landlords will make better offers," where the hell will the new landlords come from? Will the mystical awesomeness of "free-market capitalism" magically cause land to rise from the seas?
Fucking moronic idiot serf. Get back to work, SLAVE!
LeksServices 2 months ago
@LeksServices : eh? ROFL, Your bungled definition of free-market describes what feudalism and socialism share in common - you have no rights to your own property. Everything is owned and taken away by the state or your overlord.
Socialism never worked and never will.
tooltalk 2 months ago
Universal Debt Jubilee ... it's the only way out.
xenophrenia 2 months ago
MFW the only banks doing poorly in my country are the ones that follow the Anglo-saxon capitalism model and did a lot of business with the US O.o
I'd lol if I didn't do my banking at one of those fuckers.
Rhineland it is!
MiloDaemon 2 months ago
Do what Iceland did. Let the big banks fail.
interfan63 2 months ago 40
@interfan63 That's what I thought when this mess started, but then I heard hoe poorly business are ran in the US. At least 1 nationwide service business can't operate 24 hour without getting a loan & there are many business like that it seems. The banks pretty much has the world by the short hairs.
waswestkan 2 months ago
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TheThirdHour 2 months ago
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RON PAUL 2012 RON PAUL 2012 RON PAUL 2012 RON PAUL 2012 RON PAUL 2012 RON PAUL 2012 RON PAUL 2012 RON PAUL 2012 RON PAUL 2012 RON PAUL 2012
MrJedDoggett 2 months ago in playlist Uploaded videos
I say let it happen, that would mean a good portion of the money the banks have is worthless, and alot of the rich will be down to the level of the middle class and the poor. This is what happens when you gut the regulations that were meant to stave off another global depression. Stop your whining, you're going to get sick because of your unwillingness to take your medication for a few moments of pointless comforts.
Global Governments and the Banks have no one else to blame but themselves.
MrZash313 2 months ago
@bigboywasim Big Government is the Patriot Act and the newest NDAA. Regulation that protects the people from harm is government working as it should. There were no regulations of derivative trade. The economy tanked because of them.
DoctorCataclysm 2 months ago
So your saying after the banks got bailed out they were like hey we could do whatever and not go bankrupt. Its called Moral Hazzard
iamsean90 2 months ago in playlist More videos from TheYoungTurks 2
i didn't relize how cynical i really was until todays storys...
xxGhostXIIIxx 2 months ago in playlist Uploaded videos
It seems that there's FUNCAS amouncas.
SenatorAwesomesauce 2 months ago
should have let them fail.
dammee 2 months ago
We may be witnessing the curtain act of capitalism, certainly of unbridled capitalism. The gangsters that make capitalism work cannot be left unsupervised for the sake of the the rest of us.
contacter 2 months ago
@BenjiREC you dontknow anything, you don even have a clear def. for capitalism
endauthority 2 months ago
@BenjiREC the attitude is due to your smugmness. you act like you even know what you profess, you should be asking questions, not telling me whats what.
endauthority 2 months ago
sooo moove to the moon
519ist 2 months ago
@BenjiREC my god you are fucking retarded, first you say we dont have capitalism then you say im right and we do and half way down the same comment you go back to saying we dont.
capitalism isnt limited to free markets. you ignorant slut.
i dont want a socialist government, i want socialism. eu is capitalist.
another libertarian that fails to understand basic definitions...
endauthority 2 months ago
The irony of austerity measures is that they make the Public Debt to GDP ratio even worse by shrinking the economy.
WilhelmDrake 2 months ago
HAHAHAHAHAHA Europe fucking faggots.
lilnicky492 2 months ago
Yo, TyT please invite Dean Baker of CEPR to future shows. He is sharp, as are his colleagues.
Uwoiame 2 months ago in playlist Uploaded videos
@BenjiREC Its not as ridiculous, because even by your own admission, we live in a capitalist economy. crony-"Capitalism"
you are retarded.
endauthority 2 months ago
@BenjiREC one intentionally favors the rich, one does it by side effect. neither are worth while. Not that I had any obligation to answer that, because you did that to side track this discussion away from your ignorance of socialism.
endauthority 2 months ago
I have to wonder if Thomas Jefferson isn't chuckling in his grave. He warned us about this over 2 hundred years ago...he strongly resisted the formation of banks in the US because of possible situations like this.
skyblazer7 2 months ago
@BenjiREC ---
Free market capitalism= Capitalism built upon a theoretical model that has never existed as an empirical, real life example.
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Crony capitalism= Capitalism invented by whining capitalists to explain the 1997 currency crisis.
underbjorn 2 months ago
@underbjorn you sir, are correct. Good day to you,
endauthority 2 months ago
I can't believe people still care about what Fitch thinks. They rated subprime mortage based CDO's with AAA. If they are not crooks, they are completely incopetent. If the market echonomy actually worked those rating agencies would have gone out of business 3 years ago.
AngeCord 2 months ago in playlist Uploaded videos
@AngeCord ---
Credit rating agencies are hired by banks and finance institutes to rate them.
So the banks pay Fitch etc to rate them, there's a conflict of interest here where money obviously wins.
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The global finance market has become so handicapped, these conmen are relied upon to judge whether pooled debt is toxic or not because of the complex mathematic combinations banks use.
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Britain just re-regulated their banks, good move by the Conservative Party!
underbjorn 2 months ago
In the Netherlands the Rabobank was downgraded, but the Rabobank still has the highest rating in the world. Also, they were downgraded because of a new method to calculate the rating, not because of bad prospects; the Rabobanks' trademark is safety.
lDiRTyxlHouSe 2 months ago
It seems as if the leaders and bankers in all of these nations including mine has failed miserably at their jobs, many I'm sure are just robbing citizens and governments blind.
It's no surprise the US banks, and I'm sure some US politicians, are in the middle of another mess again. This is all just a global theftfest. Can anyone really do anything other than sit back and watch the kingdoms crumble?
TheUSMetalhead 2 months ago
Republicans: Austerity measures are failing in Europe. Let's do it here!
scottandrewhutchins 2 months ago
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tooltalk 2 months ago
They know we're fucked, this is why they are passing bills like SOPA, PIP, National Security etc... Make protestors into terrorists, arrest the indefinitely.. censor the net.. etc etc etc.
lestliness 2 months ago 15
@lestliness Meh, their empire won't last long; fattened, liberty-spoiled people can get humongously, brilliantly revolutionary when they become starved & caged.
cleanhomer 2 months ago in playlist More videos from TheYoungTurks
How do they expect Europeans to spend more money when living costs are rocketing and average wages are going down? This makes no sense, even Christmas can barely lure people to spend their money or what little they have left!
patsybob 2 months ago
cenk is wrong. i studied the greek crisis at great lenght and they have to do auserity programms to asure not to be the prey of the financial markets. on the other hand thy would (of cooooourse need growth.
Greece is in a really bad situation now
dylandog6666able 2 months ago
Maybe its me but common damn sense would be stop giving money to the rich and focus on the working poor & the middle class. The middle class and the working poor stimulate the economy when they have more they spend more its not rocket science. Every country that try to cut out the middle class & working poor are having financial problems so obviously giving money to the top while suffocating the bottom is not working.
demarcus39209 2 months ago 41
@demarcus39209 agreed. I bet a very large amount of money is just stockpiled with the rich that cant even used the money in such great quantities. Just more money people that need it cant use and leaves less available...
merccc1 2 months ago
@demarcus39209 Sure it's working. It's working great. It's just that the objective isn't financial security or overall prosperity.
devourerofbabies 2 months ago
@demarcus39209 Problem is the US Federal Reserve rich and poor have nothing to do with it
RunningHalo3andMW2 2 months ago
@RunningHalo3andMW2 The US Federal Reserve always gives money to the rich.
demarcus39209 2 months ago
Goldman Sachs helped Greece to cook its books to meet the criteria to join the Euro. Paranoid people even would argue they did this with help/encouragement by the US Government to weaken the Euro.
EquinoxIV 2 months ago in playlist Uploaded videos
And yet no one serves hard time in prison. Europe or America, unregulated capitalism is a disaster.
stars1861 2 months ago
Capitalism is sick and old, and we are witnessing its death. Also socialism is not the same as big government. Nipping that in the butt before that gets started.
endauthority 2 months ago
@endauthority sure, so what other options do we have ? communism or maybe a god state like iran ? dude we need capitalism, but uncreative slaves like you who just work obviously can't see the potential this world holds
TehCuteDuke 2 months ago
@TehCuteDuke Socialism is good. I have yet to see actual communism by the way, just a quick quiz for you, whats the difference between communism and socialism?
endauthority 2 months ago
@endauthority : communism knocks you in the head, socialism gradually starves you to death.
tooltalk 2 months ago
@tooltalk cool catch phrase, but you dont know what either are
endauthority 2 months ago
@endauthority : you do?
tooltalk 2 months ago
@tooltalk yup
endauthority 2 months ago
@endauthority : me too!
tooltalk 2 months ago
@tooltalk you really dont. you think socialism and government have anything in common. that right there tells me you have a libertarian definition of socialism that is completely removed from anything any socialist believes.
endauthority 2 months ago
@endauthority : who said anything about gov't? You deny that socialism is based on collective ownership / output and rejection of private / individual rights?
tooltalk 2 months ago
This has been flagged as spam show
@tooltalk Who said anything about government? YOU DID, in another discussion that you hoped I wouldnt see, you disingenuous fuck. "Everything is owned and taken away by the state or your overlord."
Individual rights are maximized with socialism, however, it does not recognize the state, nor does it recognize the ability to coerce others with property rights. One cannot own a lake that many depend on, for example.
endauthority 2 months ago
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tooltalk 2 months ago
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@endauthority : a typical socialist dipshit. Why quote from another discussion? Do you want to defend LeksServices's batshit comment on free-market, why don't you explain how free-market resembles feudalism in theory or practice?
"..coerce others with property rights.."
ROFL, you just said socialism does not recognize or protect your private property / individual rights loud and clear.
tooltalk 2 months ago
@tooltalk i quoted from another discussion because its something you said, you retard.
private property is not an objective right. its purely arbitrary, and based on really loose philosophy. with that being said, most socialists do believe in private property, as long as it does not interfere with the livelyhood of others. me on the other hand, i dont believe in property period.
endauthority 2 months ago
@endauthority : LOL,
wtf? honey, did you just figure that the notion of private/individual rights is relatively a young political, economic idea in human history (though a few isolated ancient Celtic Ireland civ's practiced it)? or that there wasn't much of that freedom or individual legal rights until recently? Secondly, let me repeat, socialism does not *maximize* individuals rights. It maximizes the rights of collectives over individuals. And who the fuck are "most socialists"? When did
tooltalk 2 months ago
@tooltalk half of what you said has no relevance to the discussion. who cares how old the ideas are?
the second half is just you saying socialism sucks, you arent actually addressing anything that has to do with socialism. with socialism, the only time the democratic process is used is when an issue effects many people. individual rights end where other individual rights begin
read about socialism before being brainwashed by the republican youth cult known as the libertarian party
endauthority 2 months ago
@endauthority : LOL, honey, you were supposed to defend your bullshit claim on how socialism *maximizes* individual rights. Instead, you kept on meandering around with your theories about the philosophy of private. I should have ignored it from the getgo, but called out your coherent distraction.
It's rather clear that you absolutely have no clue what you are talking about. So why don't you STFU?
tooltalk 2 months ago
@tooltalk I've already told you how it maximizes individual rights... you are completely illiterate...
endauthority 2 months ago
@endauthority : LOL, another f'ng clueless socialist troll.
You: socialism *maximizes* individual rights, but does nothing to protect them.
Me: makes no sense.
You: Private rights is a loose philosophy. "Most socialists" believe in private property, but I don't.
Me: I don't give a fuck about your flawed view of the private property, or "most socialists" or "your view" think - completely irrelevant. Explain how socialism maximized private / individual rights.
You: you illiterate
That sums up
tooltalk 2 months ago
@tooltalk you are retarded. I told you that property rights often come in conflict with individual rights, which is where the "collective" aspect comes in. Every person is more free to do what they want with socialism.
look to the "lake" argument I made earlier, you stupid libertarian pseudo intellectual.
endauthority 2 months ago
@endauthority : ROFL, your dumbass "lake" example contradicts your claim - socialism does not recognize private / individual rights of property owner if the collective deems it necessary (or "depend on it). It only protects the rights of the collective, the beneficiary of the theft, not the individual owner. That is not "every person".
tooltalk 2 months ago
@tooltalk no, it benefits my claim. If you lived in a community where your only source of water is the lake, and some guy thinks he owns it, your individual liberty is now compromised.
property rights are not necessarily a part of being free, or an individual.
endauthority 2 months ago
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tooltalk 2 months ago
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@endauthority : again, you just said, socialism doesn't guarantee the rights of *every* individuals; it only protects the those of the *collective*. You can't use the word "every" if the word every excludes "the property owner."
I don't care how you spin this and frankly this discussion is pretty pointless. Stop responding, you nonsensical bullshit is giving a headache.
tooltalk 2 months ago
@tooltalk there wouldnt *be* a property owner.... noone would be allowed to own something that many people depend on. In this case, the person you refer to as the "property owner" is removing the individual right to existence for many others.
Nobody has property rights, anyway. Property rights are given by governments to elevate social standing.
endauthority 2 months ago
@endauthority : ROFL. dumbass. How does socialism maximize private / individual rights when it doesn't even *allow* such rights to exist in the first place? You are not entitled to anything created or owned by others. You can't *remove* something from anybody unless you start with a flawed assumption that everything is already owned & shared collectively by *everyone*.
Enough of your batshit. Don't respond until you get your f'ed-up head checked.
tooltalk 2 months ago
@tooltalk socialism maximizes individual rights, because individual rights arent actually tied to property ownership. Property ownership gets in the way of individual rights.
Property ownership is a collective function of government, not of the individual.
endauthority 2 months ago 6
@endauthority : that pretty much sums up our conversation so far.. seriously, if you don't know what you are talking about, why don't you just STFU?
tooltalk 2 months ago
@endauthority i agree he sounds like a dumb douche
DJKAYZEE 2 months ago in playlist Uploaded videos
@endauthority : you become their spokesperson?
tooltalk 2 months ago
@endauthority : but socialism is already dead.
tooltalk 2 months ago
I love how on TYT videos that the top comments are usually from Europeans bashing the U.S. for its failures and everyone LOVES it. Yet, when there's a video of European failure the top comments are always excuses as to how it's not a big deal and that their way of governance is still right. Haha, how delusional
harmon756 2 months ago
@MrFreeCookie
Is your position to just bitch and complain? That's the problem with this fucked up country. We're always looking for excuses and someone to blame rather than looking for solutions. Our politicians and gov't have cajoled us. Time for things to change.
stefers08 2 months ago
@Joolazoo You're using money and resources as interchangeable terms, which they are not. Money holds no physical worth, it is backed by no real value---physical resources however, do. Money isn't created based on how much physical wealth is backing it---its simply printed based on demand with no real value behind it. Money is worthless, resources are not.
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This economic collapse has nothing to do with workers or resources; only the fallacy called money. Its all an empty illusion.
Jex134 2 months ago
Is liberal position to just spend till the end of time? THERE IS NO MORE MONEY.
MrFreeCookie 2 months ago
@MrFreeCookie The Liberal position on money is the exact same as the Republican position; endlessly buy money, at interest, from the Federal Reserve, in a cycle of endless debt you cannot pay back, but only go further into.
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The progressive position however, is to abolish the eternal debt cycle of the Fed. so the masses can finally get out of the economic enslavement of having to pay into debt which isn't possible to pay off.
Jex134 2 months ago
@Jex134 : but who will pay for progressive's welfare?
tooltalk 2 months ago
Europe needs to do real austerity measures, where the government spending is cut by 60-85% and the social programs are cut by that amount and many politicians lose their jobs. This is GOOD FOR THE ECONOMY.
All of the spending that doesn't happen in government is money that does not have to be STOLEN (taxed) from the investors and businesses and people.
It's the people who drive the economy, not government spending.
US and EU want to bail out the banks, of-course, so expect more TARP.
romanmir01 2 months ago in playlist Uploaded videos
No, austerity measures means that you need LESS TAXES IN THE FIRST PLACE, because austerity applies to GOVERNMENT SPENDING, dumb fuck.
romanmir01 2 months ago in playlist Uploaded videos
@romanmir01
"dumb fuck."
Hey some truth from you! Oh wait, you weren't talking about yourself.
mecher3k 2 months ago
"encouraged them"??? lol, they have no volition of their own? they have no soul, no freewill? they are mindless animals?
jordan567890 2 months ago
When banks make bad bets, let them fail and let them die. That's how it should work. I don't care how many people get laid off or how much the lending market gets hit by it -- if you play games with wreckless betting and loose, then fuck off. No tax money to bail them out, and no low- or zero-interest loans to prop them up.
dookdawg214 2 months ago
I find the economic troubles in the past 3 years to be so... pointless. So much stress and so much worry for problems that are essentially non-existent, only theoretical.
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If you disagree, let me ask you this: is there any less raw resources on Earth? Are there fewer eligible workers? Has technology pack peddled? Are there less machines for us to use? Is there any tangible factor in the economic system that has failed us in any tangible way? No, no, no, no, and no.
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So why all the worry??
Jex134 2 months ago
@Jex134 ---
"I find the economic troubles in the past 3 years to be so... pointless. "
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Indeed. It wasn't caused by war, famine nor lack of physical resources but ruthless speculation by people with an excess of capital, predatory loaning and unregulated trading of debt to avoid all risk of high-risk loans.
underbjorn 2 months ago in playlist Uploaded videos
@Jex134 We misallocated tremendous amounts of real resources and they're never comming back.
We have people who could have been mathematicians, physicists and engineers playing games with money, producing nothing.
We fooled people who ought to be saving that everything was taken care of, causing them to consume massively more than they should have.
We had real people quit their productive job and become real estate agents. We built a bunch of unwanted houses.
And so on.
soylentgreenb 2 months ago
@soylentgreenb Those "real resources" you're talking about is money, which is NOT a real resource. It was under the gold standard, where every dollar was backed by physical gold, but we haven't used that system for some 80 years. Today, money isn't backed by any real value---it only holds value because we all collectively agree it does, when in reality it doesn't.
Again, this whole economic collapse is just in peoples heads. There's no real loss in workers or resources; all false
Jex134 2 months ago
@Jex134 - Gold was initially used as money because it, too, had no real value.
LeksServices 2 months ago
@LeksServices Actually gold has immense value. It doesn't corrode or degrade in any environment, its the 2nd most conductive metal (silver is most conductive but due to its rapid tarnish it becomes useless for circuitry), its extremely easy to work with (too malleable actually; it has to be impure for jewelry so it stays solid), it has a very high luster, and its very hard to get from the ground, so nobody can just pull a fortune out of their ass.
Jex134 2 months ago
@Jex134
Firstly, regarding public debt... if governments can't pay their bills, then this is serious. The only reason we haven't seen total defaults is because of huge, politically disastrous intervention by neighboring countries. Secondly, regarding private sector... the income gap has shifted dramatically, leaving more people in poverty in wealthy countries. Natural resources on earth are only good if everyone has sufficient access to them.
dookdawg214 2 months ago
@dookdawg214 - Money is not a real resource. It has no inherent value at all. If you want a measure of REAL wealth, you need look only beneath your feet. LAND is the measure of real wealth. This is easily demonstrated. If I own 99% of the United States of America, then who is not my servant?
LeksServices 2 months ago
@LeksServices
Money represents your share of the resources. In case you haven't noticed, we no longer live on an earth where you can just walk up to a random field and start planting things. Your share of resources hinges on what society allows. If 1% own 90% of the nation's money, then they also own 90% of the nation's resources.
dookdawg214 2 months ago
Cenk you are wrong about the greece & goldman sachs. greece should not have been in the eurozone in the first place. goldman was their auditor and lied. also they borrowed way more than the could afford to pay back. their politicians spent like crazy to get reflected. their civil servants were paid way too much like the comm train operators were making 65k a year
lcbreezyl 2 months ago
A global economy is no good.
TheHangedMan86 2 months ago
A house of cards built with smoke and mirrors.
diannafreespirit 2 months ago
Elizabeth Warren 2012!!
ZarakiZamusha 2 months ago
Are the austerity measures really backfiring, or are the austerity measures going exactly as planned?
amazingmazinger 2 months ago
This has been flagged as spam show
The EU is filled with neoliberal fucked up pundits who are trying to do what has been attempted so many times since Pinochet, with IMF wreaking havoc all across Africa etc:
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To fix deregulation-caused crises with more deregulation.
Imagine if Germany in the 1930s had tried to fix their Zimbabwe economy with more deregulation, exposure to irrational global finance flows and power to the great speculators which was the cause of it all from the very beginning.
underbjorn 2 months ago in playlist Uploaded videos
@underbjorn As someone who lives in Europe (vienna) I totally agree with you. The absolute minimum of what we need is a merciless regulation of the financial market and the financial transaction tax.
One reason why your comment was marked as spam was probaply because americans maybe don't even know what the word neoliberal and it's economic effects mean.
It is very destructive when the mainstream of a country is so hardcore rightwing that even the word 'social' is a taboo.
etetepete 2 months ago
@etetepete ---
You know it's bad when a fundamentalist like Glenn Beck tells people to leave their churches if the word "social justice" appears on the agenda, xP
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And no, probably many Americans have no clue what neoliberal means. :P
underbjorn 2 months ago
So can we keep blaming the banks and actalyl DO something about it? I mean they won't havepower in politics anymore. They won't have the money to spend on it.
tyrongkojy 2 months ago
@tyrongkojy ---
During the beginning of the global recession, the annual bonuses of the U.S' five largest companies' directors increased from 38 to 40+ billion dollars.
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I think they can afford whatever they want, they steal the common man's money on their ponzi schemes built on thin air.
That they become richer while everybody else becomes poorer in the middle of a major crisis isn't a coincidence.
underbjorn 2 months ago in playlist Uploaded videos
Comment removed
underbjorn 2 months ago in playlist Uploaded videos
So if you cut gov spending, your economy doesn't grow... so the solution to overspending is to spend more!
bluefootedpig 2 months ago
Comment removed
underbjorn 2 months ago in playlist Uploaded videos
This has been flagged as spam show
@bluefootedpig ---
"so the solution to overspending is to spend more!"
The solution to any banking-caused crisis is to increase public expenditure in constructive sectors parallell with regulations, as a part of regular contracyclical policy.
This is basic economics 101. Sigh...
underbjorn 2 months ago in playlist Uploaded videos
@bluefootedpig - What's your solution? Hand all the land over to the wealthy few so we can have them running our lives instead of the government? Do yourself a favor: Sell all your land, rent a house, and see how well that works out for you.
LeksServices 2 months ago
@LeksServices Sold my land, i do rent, and it is amazing. I am coming out way ahead every month now. And to fix prices like this, you liquidate bad assests. You let the housing prices fall to what they are actually worth, then housing becomes cheap for those people who didn't commit it to too much. Take someone who does rent, and has saved up 150k. A house that used to be worth 300k, now foreclosed is selling at 150k. That person can buy outright for doing well. Instead it is propped up.
bluefootedpig 2 months ago
Cenk: your analysis is very shallow.
1. The fact that anyone trusts the analysis from the rating companies that rated AAA CDOs and banks right before they crashed still amazes me. The truth is, while governments cannot pay these agencies for their ratings, companies can.
2. EU-17 GDP 2012 growth forecast is +0.5. Yes it's true that is almost a recession, but it's not. Germany and France will grow +1.6. Only Greece and Portugal will recess.
It's more of a "not good" situation than a PANIC!!!
pbezunartea 2 months ago 2
Damn!!! Just started college and now I'm not even sure I'll have a chance at finding work when I graduate.
KingArthur13th 2 months ago
@KingArthur13th : if you are stuydying engineering / science, you will.
tooltalk 2 months ago
this is what happens when you allow greed to exist
lorndarken 2 months ago
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lorndarken 2 months ago
I'm glad Tony Blair will be ok. ...
djwaglmuffin 2 months ago
cenk has got to stop the sarcasm cuz for some noobs it may sound confusing
schwiiZZZ 2 months ago
euro sux
schwiiZZZ 2 months ago
Capitalism sucks
niriop 2 months ago
yay canada banks
coopmuch56 2 months ago in playlist Uploaded videos
Comment removed
creamsykle 2 months ago
You don't get it Cenk; that is exactly what they are trying to do. Shovel all the commodities upward, while making the means we have to purchase those commodities useless.
creamsykle 2 months ago
we are already in a depression, just look at the unofficial 20% unemployment rate in the us
shorerydr10 2 months ago in playlist Uploaded videos
I am against the death penalty - except for bankers who destroy nations while they rob them.
TheGiantRobot 2 months ago
DEC 21,2011 but if they didnt add a zero between AD and BC it will this week everyone gets to watch something happen. Slaves to Bankers!
GalaticSpaceHero 2 months ago
15 trillion and counting, what do YOU expect. Keep borrowing, HAAAAAAAAAAAAAAAAAA
GalaticSpaceHero 2 months ago
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RON PAUL will make little girls cry, believe me!
/watch?v=sJH55W4TeE0 (35-secs-vid)
JoePescisBoss 2 months ago
Why dont our "leaders" start beheading these bankster assholes?
random69ism 2 months ago in playlist The Young Turks Show December 18, 2011
coming? global depression has been here for a while now
MrNavvy69 2 months ago
Just in time for 2012
Tdepp13 2 months ago 21