If you strike at, imprison, or kill us, out of our prisons or graves we will still evoke a spirit that will thwart you, and perhaps, raise a force that will destroy you! We defy you! Do your worst!
Banks will often tell you that they are doing you a favor, but what they are really trying to tell you is, I'll fuck less this time, but then I'll fuck you more next time.
@TheDenker64 Many, honestly. What th h... are you moaning about. If you are in Holland you should be one happy bunny. Poor people have always been paying up and the rich getting richer has always been the case in human history (until it really gets ridiculous and the some revolution generates a new segment of hypocrites becoming rich people). On thing is certain. Your "rich" in holland sure pay a LOT more than e.g. rich people in the US or anywhere else. Better be very happy with your holland.
we didnt "let the left decline in the US"; we sold the left to "the corporations" and "the corrupt" (e.g. ADM Seed patents, MLKing, Halliburton, et al)
It's going to be fascinating to see how this all plays out over the next 10 years or so, especially with the inevitable decline of America and the rise of China we're looking at two powerful countries with a very powerful elite ruling class with millions in the oppressed masses. Hopefully the left in Europe gets shit straight and they can remain a relative safe haven for average working folk.
@NickTreklis They still are a safe haven for averages working folk. Don't be deluded by what right wingers would like you to believe.
1) Riots?
Riots and strikes are a European thing. They are not related to the Euro at all. Europeans always go to the streets. And that often gets very messy. Certainly when they believe something to be important. has never been different.
1) Don't be deluded by what right wingers want you to believe? Really? It's funny to hear how lefties are oblivious to whats going on albeit with the best intentions. The Euro will never work in its current state as its a fiat currency that has no actual value, simply created out of thin air. The rioting happen because the lefties don't believe in democracy and have NO idea about running an economy. They use fear mongering against big companies to fool people.
@dedutch101 "The Euro will never work in its current state as its a fiat currency that has no actual value, simply created out of thin air". Really? Do you know of currency today that is not....... The Euro will work just as well or bad (whatever you prefer) as the USD. Both will be around for a looooooooooong time.
@dedutch101 "The rioting happen because the lefties don't believe in democracy and have NO idea about running an economy. They use fear mongering against big companies to fool people." Lmao. Are you a simpleton?
2) Austerity measures? These are not a sign for any kind of "downfall" as "rightists" would desparately like to believe. Europe has ALWAYS used cut backs when tax revenue was not sufficient and has always daapted their "welfare"-systems to available tax revenues. Holland e.g. spent big in the 70ties, had cut backs in the 80ties, spent again in the 90ties, and has cut backs now again.
@Efteling4Ever The Union is about to create 200 Billion Euro out of thin air. This means more inflation and bubble creation and believe me the bubble will burst. Lefties and Keyensians think they can spend their way out of a reccession, this is impossible as our market is proving on a daily basis. Lefties ignore the truth or just don't understand it and carry on without the democratic consent of their people.
@dedutch101 "Lefties and Keyensians think they can spend their way out of a reccession" No idea why you come up with "leftists" here. Europeans have always operated with cut backs, not spending to solve debt situations. Now Europe is spending only because of the Euro crises which leaves no other option and of course comnibed with heavy cut backs. Spending your way out of anything is Keyensian only. It is totally un-European.
@Efteling4Ever Lefties and Keyensians are, in its core, the same as they both need big government to survive and they both need lots of money!! Now read my comment up there and guess where that money is coming from.......
@dedutch101 "as they both need big government to survive and they both need lots of money" They are totally different. A European style "leftist" "socialist" government, when properly run, is nothing but a capitalist government spending, among which stuff like welfare, based on its tax revenue. Balance of input/output. Keynesian simply means one believes spending is good for economy especially in times of debt. You compare apples with pears. I see only yaba yab blah blah from you.
@Efteling4Ever As I said, in its core they are the same. Also, they are run by the same people. But you know I'm right, that's why you feel to try and insult people. You have no intellect but you're looking for an argument, that's ok with me, I don't get angry much so just stick to the facts.
Oh and btw, The phrase is comparing apples and oranges.....
@dedutch101 "The Union is about to create 200 Billion Euro out of thin air. This means more inflation and bubble creation and believe me the bubble will burst." You see too many bursting bubbles. The USA and its USD are one big fat bubble. It has been borrowing itself into oblivion. So can one now not use the USD anymore? Is it refused in every shop now? The Euro is based on the worlds 1st economy, even larges than the US. The Euro will stumble on and on and on just like the USD will.
@Efteling4Ever "You see too many bursting bubbles" You seem to be oblivious to whats going on. In 100 years the Dollar has lost 95% of its value. Check it yourself, why do you think the price of gold is skyrocketing?? It's not just borrowing that creates problems, it's the way new money enters the system, that's the real problem. We had the dot.com bubble, we had the housingmarket bubble and now be have the currency bubble. Al these bubbles were created by huge money influxes
@dedutch101 "Al these bubbles were created by huge money influxes". LOL Very funny remark for someone defending the creation of gazillions out of thin air with "And why not?".
@Efteling4Ever that were created out of thin air. And why not? Essentially, you are creating a situation in which companies can gamble without risk with liquidity and by proces of inflation we are left with the debt. Overtime the market will try to stablise itself and the phony wealth (e.g. Fanny May and Freddie Mac) will evaporate in the form of a recession. Now what do you think will happen when instead of having a housingcrisis we have a currencycrisis?
3) The Euro, is not a long term issue either. It is now, because there is no serious 3rd party budget control. Everyone already knows how it will be solved: power will go to Brussels over national state budgets. Now politicians are still desparately trying to avoid this, because most of us dont want this, but as it is inevitable it will finally be done somehow. Then we, unfortunately, are again 1 step closer to 1 state, but at least with a rock solid Euro.
@Efteling4Ever You are right about the Euro not being a long term issue. It´s impossible to sustain in its current form. Even when sovereign governments are overturned without consent of their people it´s only a matter of time. We need to take control back of our currency so we can deflate and inflate our currency when needed. Even the so-called rightwing in the Netherlands have a big mouth about the union but when push comes to shove they back down.
@dedutch101 "You are right about the Euro not being a long term issue. It´s impossible to sustain in its current form." You do know that you can not simply ditch the Euro without going totally bust do you? It is kept because there is no viable alternative. The only thing the Euro needs is serious 3rd party budget control and ultimately that is exactly where all this will head to due to financial necessity. It already slowly is. Typical too big to fail project.
@Efteling4 "Ever You do know that you can not simply ditch the Euro without going totally bust do you?" You don't have to ditch the Euro to get rid of it. One can simply legalise competing currency. Once thats done the market will decide which one is best. If you believe so strongly that your precious Euro is the best way foward you should have no problem proving that in real life.
@dedutch101 "One can simply legalise competing currency". Sure that is why you have legaised the Yuan and the Yen and the Ruble and the Euro etc. etc. in the US and whenever someone wishes to pay whatever in the US one can simply decide the USD is a crap currency and pay one's groceries with some British Pounds or with some silver Norfed dollars. lol
@Efteling4Ever Whether it has been legalised or not isn't relevant to my argument. The fact of the matter is that when you look at the underlying principle I'm right. When will you come with a decent argument? The only reason why we are forced to use the Euro (and not gold for example) is simply due to tax reasons. But I see you don't believe in Liberty and that's a shame.
@NickTreklis I wouldn't worry about Europe as a relative safe haven for average working folk. Europe will be doing mighty fine again as soon as the inevitable cannot be postponed anymore.
America is next. The next decade is going to be a hard one. Expect cuts to all fields. I don't know how they can cut so much funding all at once without everything totally falling apart.
This guy thinks the right advocates bailouts and more taxes. The nerve he has to say plane lies. Obama is the father of all bailouts and in bed with Wall Street, Goldman Sachs is his greater contributor. Krugman and other leftists supported state intervention.
The true right is faithful to market principals of Mises and Hayek and they all opposed bailouts demanding the "too big to fail" companies to go bankrupt without state intervention.
@schmoukiz Paul Krugman is best described as one-hell-of-a-mother-fucker. Paul Krugman is NOT a leftist. Krugman is dangerous, he should not be listened to (he is one of the most dangerous humans alive).
However, the free-market fantasies from Hayek, Friedman (ie neo-liberalism) sank like stone with the financial meltdown of 08. Their ideas are completely discredited. This is not to say that their can't be decent conservatism but Hayek's ideas didn't work and never will.
@akkonburike The "fantasies" of free market allowed the West to prosper as opposed to places where they were not "fantasizing" like Soviet Union, China, N Korea, Africa, East Europe, most of S America. Ever noticed the difference?
Austrian economists were THE ONLY ones who predicted the crises of '08 years before. How did that discredit them? The only thing that is forever discredited is the socialist system and its mild version, welfare "borrow more" state. And yes, Krugman is a leftist, sorry!
@schmoukiz Canadian economists also predicted it. Canada was not hit that hard by the economic crisis due to our banking system. Our banks did not fail.
@schmoukiz Firstly Paul Krugman IS a (classical-)liberal. Leftist make no difference between classical-liberalism and conservatism.
Secondly the ideas from Hayek et al are an extension (called neo-liberalism) to capitalism. Capitalism itself started long before 'Austrian economics' came into beeing.
Thirdly, be aware your blind love of neo-liberalism makes you easy pray for nationalism, cynicism and (lately) insanity.
Americans deserve what's coming for letting unions die out, allowing the two headed snake (dems/repubs) to control politics, and caring more about sports and reality TV
than their own future. Now the majority of whites will know what suffering feels like, something not seen in this country in a long time.
@goldengyrl2010 Change can be a good thing. It is going to be hard in America for a very long time but hopefully it will be for the better. America has done everything wrong that a superpower can do. All superpowers before America have fallen. You would have thought that America's politicians would have done things differently but no they haven't. We were in to many failed wars, the banks are run idiotically.
@Chaoitcme Change I think puts it mildly, chaotic sums it up much better. Really we can only blame ourselves
because the Constitution is a guide for overthrowing the governments in a nutshell. That was the gift from our fore fathers that our ancestors used to rid corruption--think Watergate hearings and the resulting resignation of a corrupt regime. Americans have no testosterone as Mr Wolff so eloquently stated.
@goldengyrl2010 Look at all of the past super powers. They all went though chaotic change. It will take decades before things in America well ever be considered better than before. Look at a place like Germany. They lost two World Wars and had their economies totally destroyed. The Nazis were a dark shadow over them and then they were taken over by the Soviets. Now their economy is alright. Not perfect but Germany now is a nice place to live.
@Chaoitcme After WWII Germany and Japan was and still are occupied by American military. So they both focused on building their economies. Mercedes Benz, BMW, Porsche, Audi, Lexus, Toyota, Honda--you don't see them asking for government bailouts.
@goldengyrl2010 That is true. I don't think any of those companies got hit hard by their countries economic collapses. Many of those companies made tons of money by making munitions during the WW2. After the war they had this money to support their company until the economy rebuilt. Bailout seem to be just another scam by corporations to get even more money.
@goldengyrl2010 Yes so true. Wars do produce profits but they do not really help the people. All the money that has been spent by the U.S. government overseas could have been spent within the country. Just imagine how many trillions of dollars that could have been spent on making the U.S. a wonderful place. Instead the U.S. is falling apart all due to the government believing that destruction overseas is better than construction within the country.
Their is no right or left their just 2 opposing forces in the eye's of the public but, actually work together in the end. Think about it since i can remember back from Regan's president-ency and following him just promised 1 bullshit after the other, no parties really exist don't you see it's some entity in the shadow's making all this moves right from under are noses.
The reason the left lacks cohesion like its counter part in Europe is: racism.
If all of the lower/working middle class were the same race in America, and spoke the same language, it would not allow itself to be marginalized and separated from its cause: higher wages.
This is what makes the European protest movements so much more effective - they have the organizational skills that can sustain persistent collective action for long periods of time.
So I guess USA is going to have a harder time than Europe. While I want a revolution, I still don't know what would be a great idea to replace all the governments we have around the world. Protesting is great but what do we want instead?
Sorry, but this left-right paradigm is seriously counterproductive, doesn't matter where is it practiced, or how many Jewish professors try to flog it. Only national unity, and strong social cohesion will have a chance against these parasites, who are getting ready to suck the last drop of blood out of every European nation.
Debt bondage (or bonded labor) is a form of contemporary slavery in which a person pledges themselves against a loan.[1] In debt bondage, the services required to repay the debt may be undefined, and the services' duration may be undefined.[1] Debt bondage can be passed on from generation to generation.[1]
Maybe these guys to are old to realize the old left, right, center... categories don't apply to this situation. All the old categories are bought and paid for by the global financial powers. Arguing in these terms obfuscates what is at stake.
The german Green Party consists of traitors. They (combined with Social Democrats) were the main force to deregulate the finance sector and to crush the welfare state...
@r0ll0t0masi I have to disagree with you on that one. I strongly dislike Germany (ie writing this doesn't make me feel better). However, Germany's Left party has guts, even the SPD is something the Americans can't even dream off (!). The German leftists are the last remainings of the Left in Europe so don't give up on 'em foolhardily. Have you ever been to Italy lately? Hmm? Heard the name Berlusconi, Sarcosi, Cameron? That's what you get w/o the leftists.
@r0ll0t0masi It's because they were infested with neoliberalism, along with many other left-wing parties in Europe, after the 80's. But they're marching to the left again, Juholt in Sweden, Miliband in the UK, Gabriel in Germany, Aubry in France and so on. It's not a big step, but they've publicly denounced neoliberalism and have spoken out for regulation, taxes and social democracy.
@Cabronosidad All true my friend, but significant remnants of the 'old' left remain and they are growing in number, alongside newly-formed anti-austerity groups. Unions are also capable of mobilising large numbers of people in protest and strike action (although admittedly they do suffer from weak leadership and an allegiance to the labour party).
Greetings from Europe. Generally, there's a tendency in the American media to dramatically overstate Europe's wealth, social-services etc etc. However, Richard Wolff's account of the situation in Europe is very perceptive -- yet a little bit 'Wolffy' ^_^. So make no mistake, we're in deep, deep shit over here in Europe.
@akkonburike yes, but who is organizing to stop what (in the case of Greece) amounts to loss of sovereign nation status because of fictitious debt and your citizenship as a result ?
@DavidAKZ Personly, I'm convinced that in a few moths the top EU bureaucrats will have a sudden 'change of heart' (and renegotiate Greece's predicament). The EU's bureaucrats are just so fucking pissed that Greece faked their books to get into the EU (Greece even hired Goldmansachs to do the job).
@akkonburike In addition it is in Goldmans interest to short Euro bonds because the loans to Greece were underwritten by Credit Default Swap contract. It is a type of insurance - however the CDS contract pays out when the value of the 'reference asset' goes down. It's like me taking out an insurance policy on your house and 'hoping' it does not burn down.
I fear that growing numbers of disenfranchised working class people will become attracted to the simplistic and hateful policies of the far right. Mass ignorance of the political economy and the poisonous influence of the corporate media will only stoke the fires of nationalist fundamentalism.
The left must do everything in its power to prevent this by offering a coherent and persuasive alternative of transnational solidarity.
There is an issue in America where the cliche "Hard Work" is always brought up- "It takes hard work!" or "This person achieved their goals through Hard Work!" It annoys me because life in general is hard work & it seems like they are somehow over emphasizing this in some fearful or defensive manner.Also it can stereotypes poor people or unemployed people as simply lazy & doesn't consider other dynamics in human experience that can have people in those circumstances.
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
If you strike at, imprison, or kill us, out of our prisons or graves we will still evoke a spirit that will thwart you, and perhaps, raise a force that will destroy you! We defy you! Do your worst!
James Connolly
kargwain187 2 weeks ago
Bitcoin !
powpanda 2 months ago
38 levels of clearence ABOVE the president
THE CIA CAN DENY THE PRESIDENT INFORMATION
zachboi13 4 months ago
right and left. they're all bought and sold. no government is transparent.
viralinfuktion 5 months ago
right and left. they're all bought and sold. no government is transparent.
viralinfuktion 5 months ago
Banks will often tell you that they are doing you a favor, but what they are really trying to tell you is, I'll fuck less this time, but then I'll fuck you more next time.
underthebox 6 months ago
In Holland only the poor people have to pay for saving the fu..ckig Euro.
The rich people don't have to pay anything, they get richer and richer .
TheDenker64 6 months ago
@TheDenker64 Many, honestly. What th h... are you moaning about. If you are in Holland you should be one happy bunny. Poor people have always been paying up and the rich getting richer has always been the case in human history (until it really gets ridiculous and the some revolution generates a new segment of hypocrites becoming rich people). On thing is certain. Your "rich" in holland sure pay a LOT more than e.g. rich people in the US or anywhere else. Better be very happy with your holland.
Efteling4Ever 3 months ago
@Efteling4Ever who the f..ck do you think you are. You know nothing about the situation in my country. Go and find out and then give a comment.
TheDenker64 3 months ago
@TheDenker64 I know about Holland very well, Denkertje. As a matter of fact, I know exactly about its situation.
Efteling4Ever 2 months ago
@Efteling4Ever than change it !!!! if you know everything Eftelingetje
TheDenker64 2 months ago
We are being systematically robbed. Very soon the wake up of humanity will be worldwide.
gkbhai 7 months ago
Comment removed
pistolpackingzus 7 months ago
we didnt "let the left decline in the US"; we sold the left to "the corporations" and "the corrupt" (e.g. ADM Seed patents, MLKing, Halliburton, et al)
pistolpackingzus 7 months ago
It's going to be fascinating to see how this all plays out over the next 10 years or so, especially with the inevitable decline of America and the rise of China we're looking at two powerful countries with a very powerful elite ruling class with millions in the oppressed masses. Hopefully the left in Europe gets shit straight and they can remain a relative safe haven for average working folk.
NickTreklis 7 months ago
@NickTreklis They still are a safe haven for averages working folk. Don't be deluded by what right wingers would like you to believe.
1) Riots?
Riots and strikes are a European thing. They are not related to the Euro at all. Europeans always go to the streets. And that often gets very messy. Certainly when they believe something to be important. has never been different.
Efteling4Ever 6 months ago
1) Don't be deluded by what right wingers want you to believe? Really? It's funny to hear how lefties are oblivious to whats going on albeit with the best intentions. The Euro will never work in its current state as its a fiat currency that has no actual value, simply created out of thin air. The rioting happen because the lefties don't believe in democracy and have NO idea about running an economy. They use fear mongering against big companies to fool people.
dedutch101 3 months ago
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@dedutch101 "The Euro will never work in its current state as its a fiat currency that has no actual value, simply created out of thin air". Really? Do you know of currency today that is not....... The Euro will work just as well or bad (whatever you prefer) as the USD. Both will be around for a looooooooooong time.
Efteling4Ever 3 months ago
@dedutch101 "The rioting happen because the lefties don't believe in democracy and have NO idea about running an economy. They use fear mongering against big companies to fool people." Lmao. Are you a simpleton?
Efteling4Ever 3 months ago
@NickTreklis
2) Austerity measures? These are not a sign for any kind of "downfall" as "rightists" would desparately like to believe. Europe has ALWAYS used cut backs when tax revenue was not sufficient and has always daapted their "welfare"-systems to available tax revenues. Holland e.g. spent big in the 70ties, had cut backs in the 80ties, spent again in the 90ties, and has cut backs now again.
Efteling4Ever 6 months ago
@Efteling4Ever The Union is about to create 200 Billion Euro out of thin air. This means more inflation and bubble creation and believe me the bubble will burst. Lefties and Keyensians think they can spend their way out of a reccession, this is impossible as our market is proving on a daily basis. Lefties ignore the truth or just don't understand it and carry on without the democratic consent of their people.
dedutch101 3 months ago
@dedutch101 "Lefties and Keyensians think they can spend their way out of a reccession" No idea why you come up with "leftists" here. Europeans have always operated with cut backs, not spending to solve debt situations. Now Europe is spending only because of the Euro crises which leaves no other option and of course comnibed with heavy cut backs. Spending your way out of anything is Keyensian only. It is totally un-European.
Efteling4Ever 3 months ago
@Efteling4Ever Lefties and Keyensians are, in its core, the same as they both need big government to survive and they both need lots of money!! Now read my comment up there and guess where that money is coming from.......
dedutch101 3 months ago
@dedutch101 "as they both need big government to survive and they both need lots of money" They are totally different. A European style "leftist" "socialist" government, when properly run, is nothing but a capitalist government spending, among which stuff like welfare, based on its tax revenue. Balance of input/output. Keynesian simply means one believes spending is good for economy especially in times of debt. You compare apples with pears. I see only yaba yab blah blah from you.
Efteling4Ever 2 months ago
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@Efteling4Ever As I said, in its core they are the same. Also, they are run by the same people. But you know I'm right, that's why you feel to try and insult people. You have no intellect but you're looking for an argument, that's ok with me, I don't get angry much so just stick to the facts.
Oh and btw, The phrase is comparing apples and oranges.....
dedutch101 2 months ago
@dedutch101 "The Union is about to create 200 Billion Euro out of thin air. This means more inflation and bubble creation and believe me the bubble will burst." You see too many bursting bubbles. The USA and its USD are one big fat bubble. It has been borrowing itself into oblivion. So can one now not use the USD anymore? Is it refused in every shop now? The Euro is based on the worlds 1st economy, even larges than the US. The Euro will stumble on and on and on just like the USD will.
Efteling4Ever 3 months ago
@Efteling4Ever "You see too many bursting bubbles" You seem to be oblivious to whats going on. In 100 years the Dollar has lost 95% of its value. Check it yourself, why do you think the price of gold is skyrocketing?? It's not just borrowing that creates problems, it's the way new money enters the system, that's the real problem. We had the dot.com bubble, we had the housingmarket bubble and now be have the currency bubble. Al these bubbles were created by huge money influxes
dedutch101 3 months ago
@dedutch101 "Al these bubbles were created by huge money influxes". LOL Very funny remark for someone defending the creation of gazillions out of thin air with "And why not?".
Efteling4Ever 2 months ago
@Efteling4Ever Again, no real content in your remark. I'm glad about it though, it means you have given up. Lmao
dedutch101 2 months ago
@Efteling4Ever that were created out of thin air. And why not? Essentially, you are creating a situation in which companies can gamble without risk with liquidity and by proces of inflation we are left with the debt. Overtime the market will try to stablise itself and the phony wealth (e.g. Fanny May and Freddie Mac) will evaporate in the form of a recession. Now what do you think will happen when instead of having a housingcrisis we have a currencycrisis?
dedutch101 3 months ago
@NickTreklis
3) The Euro, is not a long term issue either. It is now, because there is no serious 3rd party budget control. Everyone already knows how it will be solved: power will go to Brussels over national state budgets. Now politicians are still desparately trying to avoid this, because most of us dont want this, but as it is inevitable it will finally be done somehow. Then we, unfortunately, are again 1 step closer to 1 state, but at least with a rock solid Euro.
Efteling4Ever 6 months ago
@Efteling4Ever You are right about the Euro not being a long term issue. It´s impossible to sustain in its current form. Even when sovereign governments are overturned without consent of their people it´s only a matter of time. We need to take control back of our currency so we can deflate and inflate our currency when needed. Even the so-called rightwing in the Netherlands have a big mouth about the union but when push comes to shove they back down.
dedutch101 3 months ago
@dedutch101 "You are right about the Euro not being a long term issue. It´s impossible to sustain in its current form." You do know that you can not simply ditch the Euro without going totally bust do you? It is kept because there is no viable alternative. The only thing the Euro needs is serious 3rd party budget control and ultimately that is exactly where all this will head to due to financial necessity. It already slowly is. Typical too big to fail project.
Efteling4Ever 3 months ago
@Efteling4 "Ever You do know that you can not simply ditch the Euro without going totally bust do you?" You don't have to ditch the Euro to get rid of it. One can simply legalise competing currency. Once thats done the market will decide which one is best. If you believe so strongly that your precious Euro is the best way foward you should have no problem proving that in real life.
dedutch101 3 months ago
@dedutch101 "One can simply legalise competing currency". Sure that is why you have legaised the Yuan and the Yen and the Ruble and the Euro etc. etc. in the US and whenever someone wishes to pay whatever in the US one can simply decide the USD is a crap currency and pay one's groceries with some British Pounds or with some silver Norfed dollars. lol
Efteling4Ever 2 months ago
@Efteling4Ever Whether it has been legalised or not isn't relevant to my argument. The fact of the matter is that when you look at the underlying principle I'm right. When will you come with a decent argument? The only reason why we are forced to use the Euro (and not gold for example) is simply due to tax reasons. But I see you don't believe in Liberty and that's a shame.
dedutch101 2 months ago
@NickTreklis I wouldn't worry about Europe as a relative safe haven for average working folk. Europe will be doing mighty fine again as soon as the inevitable cannot be postponed anymore.
Efteling4Ever 6 months ago
America is next. The next decade is going to be a hard one. Expect cuts to all fields. I don't know how they can cut so much funding all at once without everything totally falling apart.
Chaoitcme 7 months ago
This guy thinks the right advocates bailouts and more taxes. The nerve he has to say plane lies. Obama is the father of all bailouts and in bed with Wall Street, Goldman Sachs is his greater contributor. Krugman and other leftists supported state intervention.
The true right is faithful to market principals of Mises and Hayek and they all opposed bailouts demanding the "too big to fail" companies to go bankrupt without state intervention.
schmoukiz 7 months ago
@schmoukiz Paul Krugman is best described as one-hell-of-a-mother-fucker. Paul Krugman is NOT a leftist. Krugman is dangerous, he should not be listened to (he is one of the most dangerous humans alive).
However, the free-market fantasies from Hayek, Friedman (ie neo-liberalism) sank like stone with the financial meltdown of 08. Their ideas are completely discredited. This is not to say that their can't be decent conservatism but Hayek's ideas didn't work and never will.
akkonburike 7 months ago
@akkonburike The "fantasies" of free market allowed the West to prosper as opposed to places where they were not "fantasizing" like Soviet Union, China, N Korea, Africa, East Europe, most of S America. Ever noticed the difference?
Austrian economists were THE ONLY ones who predicted the crises of '08 years before. How did that discredit them? The only thing that is forever discredited is the socialist system and its mild version, welfare "borrow more" state. And yes, Krugman is a leftist, sorry!
schmoukiz 7 months ago
@schmoukiz Canadian economists also predicted it. Canada was not hit that hard by the economic crisis due to our banking system. Our banks did not fail.
Chaoitcme 7 months ago
@schmoukiz Firstly Paul Krugman IS a (classical-)liberal. Leftist make no difference between classical-liberalism and conservatism.
Secondly the ideas from Hayek et al are an extension (called neo-liberalism) to capitalism. Capitalism itself started long before 'Austrian economics' came into beeing.
Thirdly, be aware your blind love of neo-liberalism makes you easy pray for nationalism, cynicism and (lately) insanity.
akkonburike 7 months ago
Americans deserve what's coming for letting unions die out, allowing the two headed snake (dems/repubs) to control politics, and caring more about sports and reality TV
than their own future. Now the majority of whites will know what suffering feels like, something not seen in this country in a long time.
goldengyrl2010 7 months ago
@goldengyrl2010 Change can be a good thing. It is going to be hard in America for a very long time but hopefully it will be for the better. America has done everything wrong that a superpower can do. All superpowers before America have fallen. You would have thought that America's politicians would have done things differently but no they haven't. We were in to many failed wars, the banks are run idiotically.
Chaoitcme 7 months ago
@Chaoitcme Change I think puts it mildly, chaotic sums it up much better. Really we can only blame ourselves
because the Constitution is a guide for overthrowing the governments in a nutshell. That was the gift from our fore fathers that our ancestors used to rid corruption--think Watergate hearings and the resulting resignation of a corrupt regime. Americans have no testosterone as Mr Wolff so eloquently stated.
goldengyrl2010 7 months ago
@goldengyrl2010 Look at all of the past super powers. They all went though chaotic change. It will take decades before things in America well ever be considered better than before. Look at a place like Germany. They lost two World Wars and had their economies totally destroyed. The Nazis were a dark shadow over them and then they were taken over by the Soviets. Now their economy is alright. Not perfect but Germany now is a nice place to live.
Chaoitcme 7 months ago
@Chaoitcme After WWII Germany and Japan was and still are occupied by American military. So they both focused on building their economies. Mercedes Benz, BMW, Porsche, Audi, Lexus, Toyota, Honda--you don't see them asking for government bailouts.
goldengyrl2010 7 months ago
@goldengyrl2010 That is true. I don't think any of those companies got hit hard by their countries economic collapses. Many of those companies made tons of money by making munitions during the WW2. After the war they had this money to support their company until the economy rebuilt. Bailout seem to be just another scam by corporations to get even more money.
Chaoitcme 7 months ago
@Chaoitcme My point is: when you focus on construction not destruction your economy grows.
goldengyrl2010 7 months ago
@goldengyrl2010 Yes so true. Wars do produce profits but they do not really help the people. All the money that has been spent by the U.S. government overseas could have been spent within the country. Just imagine how many trillions of dollars that could have been spent on making the U.S. a wonderful place. Instead the U.S. is falling apart all due to the government believing that destruction overseas is better than construction within the country.
Chaoitcme 7 months ago
Their is no right or left their just 2 opposing forces in the eye's of the public but, actually work together in the end. Think about it since i can remember back from Regan's president-ency and following him just promised 1 bullshit after the other, no parties really exist don't you see it's some entity in the shadow's making all this moves right from under are noses.
woulfe42 7 months ago
No.. we allowed our fellow americans to call us communist or socialist when we didn't agree with them and instead of fighting we fell over.
paintandillustrate 7 months ago
Where has this guy been to assert that the Left is so innocent of responsibility?
cpabooks 7 months ago
The reason the left lacks cohesion like its counter part in Europe is: racism.
If all of the lower/working middle class were the same race in America, and spoke the same language, it would not allow itself to be marginalized and separated from its cause: higher wages.
RecordnRtist 7 months ago
@RecordnRtist ana excellent point
mikeoli 7 months ago
@RecordnRtist an excellent point
mikeoli 7 months ago
The EU states WILL be more quickly out of the crisis! Even Portugal or Greece dont have a 40% deficit! If The US is AAA than it is Portugal too.
efg36 7 months ago
Now THIS was an excellent analysis of the situation in Europe.
1marcelo 7 months ago
This is what makes the European protest movements so much more effective - they have the organizational skills that can sustain persistent collective action for long periods of time.
blackiron60 7 months ago
Excellent interview.
TopDiCapo 7 months ago
Are we finished discussing Peak Oil as the cause of a lot of this?
elbowbiter1 7 months ago
So I guess USA is going to have a harder time than Europe. While I want a revolution, I still don't know what would be a great idea to replace all the governments we have around the world. Protesting is great but what do we want instead?
tubetib 7 months ago
@tubetib Anarchal Syndicalism?
elbowbiter1 7 months ago
@elbowbiter1 Thank for the suggestion. Do you mean "Anarcho-syndicalism"? This is article on the subject on wikipedia.
tubetib 7 months ago
@tubetib Yeah, I am a horrible speller.
elbowbiter1 7 months ago
Sorry, but this left-right paradigm is seriously counterproductive, doesn't matter where is it practiced, or how many Jewish professors try to flog it. Only national unity, and strong social cohesion will have a chance against these parasites, who are getting ready to suck the last drop of blood out of every European nation.
wotan20 7 months ago
Debt bondage (or bonded labor) is a form of contemporary slavery in which a person pledges themselves against a loan.[1] In debt bondage, the services required to repay the debt may be undefined, and the services' duration may be undefined.[1] Debt bondage can be passed on from generation to generation.[1]
rctube1958 7 months ago
Maybe these guys to are old to realize the old left, right, center... categories don't apply to this situation. All the old categories are bought and paid for by the global financial powers. Arguing in these terms obfuscates what is at stake.
rctube1958 7 months ago
watch "The Secret of Oz". Bill Still's documentary
hamletundone 7 months ago
I like this guy.
akrulla 7 months ago
The german Green Party consists of traitors. They (combined with Social Democrats) were the main force to deregulate the finance sector and to crush the welfare state...
r0ll0t0masi 7 months ago 19
@r0ll0t0masi The welfare state should not exist in the first place
mikeoli 7 months ago
@mikeoli
For you? OK...
r0ll0t0masi 7 months ago
@r0ll0t0masi Wow, thanks I had no idea. Who are the non sell out parties in Germany?
NoCommentChick 7 months ago
@NoCommentChick
The left party had a good start, but it's already just another empirial party...
r0ll0t0masi 7 months ago
@r0ll0t0masi I have to disagree with you on that one. I strongly dislike Germany (ie writing this doesn't make me feel better). However, Germany's Left party has guts, even the SPD is something the Americans can't even dream off (!). The German leftists are the last remainings of the Left in Europe so don't give up on 'em foolhardily. Have you ever been to Italy lately? Hmm? Heard the name Berlusconi, Sarcosi, Cameron? That's what you get w/o the leftists.
akkonburike 7 months ago
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@akkonburike
"However, Germany's Left party has guts, ..."
They are absolutely pro-Euro, a rightwing project to bring the workers to their knees (you can watch it in Greece).
There are many other things to tell, but it would go beyond the scope...
"...even the SPD is something the Americans can't even dream off..."
True, America is a third world country in political terms ;)...
Heard the name Zapatero, Blair, Brown, Royale, Steinbrück, Papandreou? That's what you get voting for leftists xD...
r0ll0t0masi 7 months ago 7
@r0ll0t0masi
All banking/Euro lobbyists...
r0ll0t0masi 7 months ago
@r0ll0t0masi It's because they were infested with neoliberalism, along with many other left-wing parties in Europe, after the 80's. But they're marching to the left again, Juholt in Sweden, Miliband in the UK, Gabriel in Germany, Aubry in France and so on. It's not a big step, but they've publicly denounced neoliberalism and have spoken out for regulation, taxes and social democracy.
atosafi1 6 months ago
This has been flagged as spam show
Greece Today, US Tomorrow-The People v. the Bankers
tinyurl . com / 28k6tq
DavidAKZ 7 months ago
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Cabronosidad 7 months ago
@Cabronosidad All true my friend, but significant remnants of the 'old' left remain and they are growing in number, alongside newly-formed anti-austerity groups. Unions are also capable of mobilising large numbers of people in protest and strike action (although admittedly they do suffer from weak leadership and an allegiance to the labour party).
Don't give up hope!
RedGaribaldi 7 months ago
Greetings from Europe. Generally, there's a tendency in the American media to dramatically overstate Europe's wealth, social-services etc etc. However, Richard Wolff's account of the situation in Europe is very perceptive -- yet a little bit 'Wolffy' ^_^. So make no mistake, we're in deep, deep shit over here in Europe.
akkonburike 7 months ago
@akkonburike yes, but who is organizing to stop what (in the case of Greece) amounts to loss of sovereign nation status because of fictitious debt and your citizenship as a result ?
DavidAKZ 7 months ago
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akkonburike 7 months ago
@DavidAKZ Personly, I'm convinced that in a few moths the top EU bureaucrats will have a sudden 'change of heart' (and renegotiate Greece's predicament). The EU's bureaucrats are just so fucking pissed that Greece faked their books to get into the EU (Greece even hired Goldmansachs to do the job).
akkonburike 7 months ago
@akkonburike In addition it is in Goldmans interest to short Euro bonds because the loans to Greece were underwritten by Credit Default Swap contract. It is a type of insurance - however the CDS contract pays out when the value of the 'reference asset' goes down. It's like me taking out an insurance policy on your house and 'hoping' it does not burn down.
DavidAKZ 7 months ago
@akkonburike Hotspots: Greece
watch?v=bISfaVkszo0
DavidAKZ 7 months ago
A good discussion, thanks TRNN.
I fear that growing numbers of disenfranchised working class people will become attracted to the simplistic and hateful policies of the far right. Mass ignorance of the political economy and the poisonous influence of the corporate media will only stoke the fires of nationalist fundamentalism.
The left must do everything in its power to prevent this by offering a coherent and persuasive alternative of transnational solidarity.
RedGaribaldi 7 months ago
and where is the Left in the USSA ?
DavidAKZ 7 months ago
@DavidAKZ Depends do you mean the real left or the fake left
TheAlexryan2 7 months ago
There is an issue in America where the cliche "Hard Work" is always brought up- "It takes hard work!" or "This person achieved their goals through Hard Work!" It annoys me because life in general is hard work & it seems like they are somehow over emphasizing this in some fearful or defensive manner.Also it can stereotypes poor people or unemployed people as simply lazy & doesn't consider other dynamics in human experience that can have people in those circumstances.
catgumart 7 months ago 3
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
tepstolog 7 months ago
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catgumart 7 months ago
terrible gibberish....!!!!
tepstolog 7 months ago
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catgumart 7 months ago
This man speaks very effectively. I couldn't have put this better myself.
ZingZee123456789 7 months ago 8
Fuck the racist EU, people of the world needs to stop these Neo Nazis
lppoqql 7 months ago