Why Government is More Afraid of Debt than Depression

[radicalsquare]

@elgringorumbero

I'm with you, and we need strategies. The struggle isn't so much military as financial. There needs to be an alternative currency that circumvents the debt-based monetary system. Somehow producers, distributors, retailers, and labor need to develop trade outside the dollar and other fiat urrencies. That's one way to cripple bank power.

[radicalsquare]

Western civilization has been steered by industrialists (backed by bankers) over the last century and has sufficiently extracted real wealth (ie resources) from the earth. Now the ruling elite wants to rig the financial system to be able to hoard all the wealth that they will need for their personal survival as the world gets overpopulated and resources become more scarce and the earth more polluted. They're gaming the system to squeeze as much as possible and let as many starve as possible.

[BabexiaFrediaaa742]

hÌhi_àÑy_gÛYs_wAnt_tö_chÄt_wÎt­h_mÈ

[411American]

The people accountable for this is UNIONS Starting at the top Govern-Mental Federal Union to work UNIONs turning us into a Soviet UNION as Americas freedom and Independence is locked up with UNIONS -Unions are accountable and irresponsible and the States prostituted their own natives and are now all on welfare. End the FED and the thief s will have to find something else to steal, Enact the order JFK was Existed over Executive order 11110- Come to and wake up America you under siege

[yahshuah29]

@411American You are a complete moron! The unions? Man you dumb right wingers have been brainwashed just like the lefties! There is zero difference between the two jackass poles You and all those like you are whats wrong with this world dumb low information drones spewing their ideological shpill. The unions created the largest most prosperous middle class the world has ever seed & greedy corporations most importantly the bankers destroyed that! What an imbecile!

[411American]

@yahshuah29 Soviet Union - European Union - Federal Union all have something in common NON interdependency - In other words Non self supporting wing wangler govern MENTAL Obama war monger puppet worshiper.

[yahshuah29]

@411American Well I be damn! I agree with that 100% Oops guess I misunderstood you who's the biggest dummy now! Lol

[cazzo53]

so no doubt this parasites bankers commanded the government to force the people to register or buy insurance even when not needed huh? one little example: if driving without insurance the police will punish you with a big fine and at times punish you with jail all together.. you freaks..

[mensrightsTV]

Oh, I'd better download this video before Youtube removes it.

[frankknopers]

@mensrightsTV Exactly. Most controversial videos will eventuelly disappear on youtube for some reason.. I already have a lot of holes in my favorites list over the last two years..

[mensrightsTV]

I'm sorry I watched this video. IT reminds me of the powers held by the financial sector.  IT really sucks.

[Dandaniels1978]

All you have to do is watch the oil price, nearly $94.00p/b. On target to hit somewhere north of $100.00p/b. This is all linked to oil. In 2008 oil $147.00p/b and this was the trigger for the worst recession in history. Get ready for the next nose dive

[ukpropaganda]

The sooner people wake up and realise WE are all the SAME ; black-white, working-unemployed, men-women, young-old, healthy-sick, middle class-working class...it matters NOT.

WE have one COMMON ENEMY : the banking elite and their cohorts.

The sooner we realise this the quicker we can DEFEAT THEM.

[blkcola]

@ukpropaganda - Instead of street riots, need to think like Mossad. Need leadership...

[dragonsjaws]

People have done it to themselves -- become slaves. No one put a gun to their heads and forced them to buy houses they couldn't afford, new cars they couldn't afford, HDTVs they couldn't afford, putting them into perpetual debt. Do people have free will? The banks and financial industry are to blame in many ways -- involved in multiple layers of fraud. But let's not forget there is plenty of blame to go around. It isn't all the corporations' fault.

[EnkidusShade]

@dragonsjaws

yes, there is plenty of blame to go around. but when it's time for the accountability to go around, there won't be much of it passed on to the banks and financial fraudsters and that is pretty much the focal point of the outrage many people are feeling. an entire class of criminals has bought their way out of facing the consequences of their actions, leaving the majority of us behind.

[texme]

@elgringorumbero its a fiction war, better know how to fight fiction with fiction.

[ruggeroization]

he died

[JJacRic]

When he cited "the parasite" he forgot government employees and the rest of the dependency classes; he also says "the brain of the economy is supposed to be the government." OMFG.

IMO the desire for a deflationary collapse is to help hide the obvious inflationary impact of Quantitative Easing, which of course has been reserved for bailing out the government and the banks (the middle class can go screw itself), which Mr. Hudson points out.

[streetmoney21]

Wow this was a powerful interview. Michael Hudson was clear and precise in explaining the current situation we are in. a video well work watching!

[Arkinight]

truth-out (.) org/inside-mortgage-monster660­80

[kd1s]

Bring on a depression? I've always said the corporate interests will one day bite their own hand because if the wage earners don't have the cash, they won't buy the products. It's pretty simple.

[SickBang]

You can influence the power of the banks: watch?v=k1wptCr4W70

[kurydebarcelona]

very instructive indeed

[WanderleiCornell]

isn't mike hudson the guy in princess bride who drank the poison and died?

[captcrais101]

In other words Debt keeps the people in line.

[jx14aby]

@shanepaulcoward

Like Ving Rhames bent over the barrel in Pulp Fiction, or Ned Beatty squealing like a pig in Deliverance. 

[jx14aby]

Who are "they" he's talking about? The "parasites"? "They" are gonna split and move to asia, or to other countries?

[LY8Ze7xK]

If you think the housing collapse was bad and if you think unemployment is high now, just wait until you see a dollar collapse. Our current levels of deficit and debt are very dangerous. Treasury, GSE, and corporate debt instruments are in a huge bubble and have nowhere to go but down. We can try to control and deflate this bubble with some restraint, or we can spend and borrow away and just let it pop.

[ytgv3fc7]

"the government, which is supposed to be the brain of the economy"

No, it isn't. Not ever. There isn't supposed to be one.

the economy can not ever be a self-directing, sentient thing. If it is then all the people in it are slaves and property.

The economy is a network, physical with abstract planning, of transactions involving people. Free markets mean slave-people, free people mean controlled markets. Free people do not exist in free markets.

[LY8Ze7xK]

@ytgv3fc7 Economies all over the world have been self-directing for many thousands of years. Governments come and go, but trade and economies continue. Most of our formal law is based on the common law which has developed over the centuries of people trading with each other. Of course, there is a place for government to prevent fraud and trusts and monopolies and other abuses, but people will trade with one another with, or without government.

[ytgv3fc7]

the economy is already impoverished. A depression is unavoidable. One way is hyperinflation. One way is prolonged stagnation before deflation. You must pick one path. You are on one of those paths.

At least this time around some people may clue in and refuse to play ball, instead going independent of corporate influence and buying and really hit Reset and hit it hard. The status quo including stimulus is a failure and dangerous to any future personal earnings. Ever.

[CosmosPrivateer]

How can we find blame in any group or person when all along we didn't stop it?

It's not like this hasn't happened before.

Voting for your predator is totally insane.

[CheekyMonkey888]

Repeal NAFTA, repeal GATT, reinstate the Glass-Steigle act, end the FED

[CheekyMonkey888]

Waiting to hear this on mainstream news.... don't hold your breath

[MatthewCravatt]

Obama! Now let's forget the last empty suit in the White House. We've all been had, by all our leaders, public and private. It's not the Right, or Left, Democrat or Republican, because they are two sides of the same coin. If we kick out these bums and put those bums in power, we'll stile be lead by bums. There was once talk of Change among our leadership. It didn't happen. Let's get mad at us for putting up with them. If it's too big to fail, it's too big to exist. Vote for Tyler Durden.

[klard]

Low wages and lack of spending power is a large driving force in the down turn of the economy. COnsumers simply cannot buy everything that is produced anymore so the economy starts shutting down. Factories cut back or close, warehouses fill up with stuff people no longer have money to buy.

[dumfree254]

You reap what you sow.

The whole lie should downsize.

The parasite is the lie that sucks away your reasons with lies.



[restlys]

the only thing hes skipping is the short term interest of ceos...more short term profits = higher bonuses....

Once you have your bonus, it doesnt matter if your company goes down under...the corporate bonus stucture is the smart parasite here.

Imo of course :)

[redrajani]

it is a 1-2 punch against giant government NOT against the economy

you can't spend like crazy with low taxes, the economy receives adverse effects at a certain level of taxes

(i am ONLY talking about taxes and reducing federal gov. spending...not anything to do with his wage analysis)

btw obama apparently just lowered taxes and added something he called tax relief that he claims will mean more $ on each paycheck.

ew and NO more bailouts please...

[iamalittlespy]

Very frightening analysis. However if the government prefers debt to depression, why then did just they approve the Obama (formerly Bush) Tax Cuts, which will add another 800 billion to debt ?

[restlys]

@iamalittlespy so your argument is : well, since obama likes debt so much, why did he approve a policy that would add to the debt?

I dont get your question.

[MrDarkbloom]

Most people who support the Obama adminstration are actually supporting attacks on their very livelihood. The man is no hero... he's and his friends are bigtime crooks. Enemy of the state no.1 Mr Obama.

[stewspin]

Very interesting piece, but perhaps a little too doctrinaire. To refer to the financial sector as a parasite is apt but one wonders if the concept will achieve any overall traction. Surely, the bankers and wall street types don't regard themselves as parasites any more than physicians think of themselves as licensed extortionists. Not sure how far-reaching this analysis can take us.

[lemondirector]

@stewspin I agree with you completely

[Joeybagadounuts08]

inconceivable!!!

[smacdon]

Fortunately as fast as money is transferred to other Brick countries the faster the climatological destruction of their resources and infrastructure is increasing due to climate change. The rats might be jumping ship but the other ship has caught fire. Isn't Karma great.

[slobomotion]

Uprated, favorited and shared. I hope my economics, law and business English students in France see THIS. I am SLOBOMOTION and CUTEFAITH here, and on Dailymotion, I am "LisaFalour." Please check out my ACCOUNTING 101 series on Dailymotion. Do I spill the beans and name names!

[CosmosPrivateer]

@slobomotion

Please do.

[slobomotion]

@CosmosPrivateer Have a look at the series, please. Go onto Dailymotion, type 'LisaFalour,' and then ACCOUNTING 101. This series will blow some minds if anyone listens. Carey is still at it, I bet.

[EasternGateGuardian]

corporation socialism....even far worse then USSR...very close to NAZI Germany actually...

[CosmosPrivateer]

@EasternGateGuardian

That's because we are repeaters and we forget rather quickly how the system really works. We must burn this time in our minds and after it shakes out never let it happen again.

[RedGaribaldi]

Once again TRNN, great interview.

[BenZeneProject]

David De Rothschild has already declared war on the top 20%. Socialism is inevitable according to them. I don't like it much but that seems to be the way it is.

[billychen13]

True that the financail sector has been a growing cancer with the help of washinton garantee their loans and bail them out. however americans has been living beyond their mean thats why wages need to go down along with taxes and regulations to be more competitive. this so call "economist"- retard reckon productivity has gone up dramatically but where is products? why is there so many imports and a trading deficit if the US is so productive?

[billychen13]

once again another keynesian retard talking about economics. true that wall st bankers are parasites who is in bed with washinton. but debt is not a problem? I mean is he serious? how can he say that with a straight face? Who is stupid enough to keep lending money to US government? the fed is already funding the government by QE2 which is buying treasury and funding the government to run massive deficit. what do you think happens then? massive inflation which robs everyone who hold the US dollar

[CosmosPrivateer]

@billychen13

Well billy when you have the ability to create dollars out of nothing you will have that. The true problem is money and consumerism.

The system is fake and unitl we figure that out we will always be slaves.

[workwillfreeyou]

Thanks Michael and Paul, Great interview. Lets all start by identifying the root of are problems. In this case the government, banking and corporate elites class warfare. Then make any and all moves you can to defend yourself. May I suggest starting by not feeding the monsters! That means cut any way or thing that you can to reduce your taxes. Things like stopping smoking cigarettes. Then move on to banking fees. If your underwater on your home mortgage, just completely default on it.

[stephane1234567]

Interesting

[hiphopsocnroc]

@stephane1234567 to say the least..

[blackiron60]

Capitalism always finds ways to beat a country up and leave it in the dust...and then move on to the next one.

[SmellyJunkie]

What would happen if we all took all our money out of the banks?

[NicosNicosNicosNicos]

@SmellyJunkie In Argentina's 2001 economic crisis, people's bank accounts were frozen to prevent just that, while the currency was devalued. The big banks, like Citibank, on the other hand, received advance warning from the government that the currency was about to drop, so they quickly pulled out huge amounts of money from the country.

[CosmosPrivateer]

@SmellyJunkie

It's not really our money it belongs to the Federal Reserve (bankers) they can cancel it anytime they want. Then they can start over with another form of paper.

[jhi1947]

GAME-SET-MATCH....BANKSTERS WIN!

[iknownothingnow]

Very good interview. I agree with Mr. Hudson, the crash – the real crash – is coming. The bank$ters and the politicians are working together (committing conspiracy) to enslave citizens. Twenty first century serfdom.

[magicshoemonkey]

Nice interview. Depressing, but very informative.

[VolcanicPenguin]

Very interesting interview!

[orsonwagon]

@VolcanicPenguin I appreciate Michael Hudson's. But Chris Hedges is my hero. He has the whole damned system nailed. (by the way, censorship is alive and well on YouTube)

[VolcanicPenguin]

@orsonwagon

Alright, I'll check him out! :]

[CosmosPrivateer]

@orsonwagon

Then you must have read Empire of Illusion. Hope Chris made bail after his arrest the other day. 2 other great Americans arrested that day also and many others.

Great Book

[worldismorphing]

He's blunt alright... I'll give him that .... straight to the point ....this guy doesn't fuck around explaining the truth...

Love the analogy. I remember when I learned in school that some organisms do have symbiotic relations with their parasites ... some, however, can be lethal...

Yep, Mr. Hudson...they are --d u m b parasites-- ... but they are most especially --RELIGIOUSLY-dumb-free-market­--indoctrinated JACK OFFS--

...with waaayyyy to much power......and that's the problem...

[mikeoli]

@worldismorphing I'm a free market libertarian anti monopoly capitalist and think your a dumbass socialist , by the way Merry Christmas

[MustacheVerra]

It's great to see MH on TRN.

And i had a feeling that what was happening. Not because i understand economic ,because i hardly do, but because i think i understand their mindset...

Thank you.

[PRIVATEAYEIEYE]

I feel like Spike Lee's character in Do The Right Thing. I just want to throw a trashcan through a window and bring on the Depression!

This fake recovery is bullshit.

The crooks have been pardoned without being prosecuted, and we've even refinanced and re-empowered them!

30yrs of misrule need to be addressed. A short sharp shock would be better than 30 more years of being bled dry.

[JaCorBoar]

can everyone say Rise of American Hitler?

[mikeoli]

@JaCorBoar grow a brain

[JaCorBoar]

@mikeoli its a highly probable reality unless you guys change your ways - who the fuck is sarah palin going to be when times get drastic, a soothing reasoned voice that will facilitate the restructuring of neoliberal economic theory, or a shrill neo-con bitch that will invade Iran to get cheap oil?

By the way, you cant be free from monopolies in a free market system - so I think you are the one that needs to grow a brain.

[clearasvodka]

He hit the nail on the head. The Powers-That-Be know the ship is going down and have known it for a lot longer than most of us. They will steal what they can for now and try to set up a new casino controlled by them after the dollar tanks. The banking interests are actually a lot closer to a one world government that you may think. The elite will buy up assets at pennies on the dollar, (i.e. your home), and there is absolutely nothing you can do about it....

[MerrillMedia]

I shutter when progressives try to explain economics. While I agree that large corporations are going to use their resources to receive protection at the cost of their competitors and their consumers, Hudson talks as if it is some class logic mentality of "us vs. them". He doesn`t make a very good case that there is this parasitic class that conspires to lower our wages.

[mikeoli]

@MerrillMedia you need to read more history start with anything written by Anthony C Sutton it is factual excellent historical work using the gov'ts own records

[Hillsillverr]

russian FED-eration..

[JaCorBoar]

Once the host (america) is dead and the parasites (corporations and banks) move on, WTF is America going to do? - This is what scares me, because it was these kind of conditions that facilitated the rise of Hitler.

[ps90tacguy]

interesting indeed. the way he lays out the agenda is k.i.s.s. and a clarity to the people that have the purse strings of the republic

[alleynz]

Wow this guy sums it up nicely.

[silvergoldhedge]

Bottom line is that the banksters are fleecing us for everything we have!

[3108711289]

@silvergoldhedge

they have already fleeced you

[rdority]

No one explains things so clearly and so calmly. As always, Thank you Dr. Michael Hudson!

[solimiansky]

new serfs

[dasinfoschaf]

its the exact opposite. the goverment does what the banks want, and the banks say inflation! depression means vanishing money! credits they loose! inflation means more money! states go broke on a depression not on inflation! I can tell i am from europe. Ireland, spain, greek.... one by one dies by depression and the depts they cant pay now! They still get money at big rates and with a lot of regulations, laws all that stuff. With other words they loose the rest of sovereignity to the banks!

[dasinfoschaf]

@dasinfoschaf but with a lot he is absolutely right!

[topthickproducer]

This man is right....Assange has said, The Wall Street Bankers in Collusion with the G20 Governments are gonna destroy the global economy.

[carefulcarpenter]

@topthickproducer

"Wildfire sadness brings wildflower gladness"

~~cc

There has been a whole lot of lying going on. Bring on judgment day! See who survives. Sad, but disease has infected the collective consciousness of man.

[herpiethelovebug]

1 in 6 Americans are on food stamps today. Think about that.

[Knightshield]

I'm waiting on the day when all Americans go out in protest this shit. How much shit are Americans willing to take until they say enough is enough?

[AquaticApe1]

@Knightshield It'll happen when they can no longer afford to buy Big Macs or any of the cheap crap they sell at Wal Mart.

[Knightshield]

@AquaticApe1 lol I agree. That's actually pretty damn sad

[dncgrob]

@Knightshield As long as there are bread crumbs on the table and dancing with stars on TV there shall be no revolution. When the people begin to starve they will revolt and maybe for the wrong reasons. They are turning the average american in to a crackhead for government handouts wait till they pull the plug on govt programs only then will the house of cards fall.

[konshoff]

It's not only predatory bankers but corrupt politicians. The game is over coz what we have is corporate fascism. As for these parasites moving to Russia ans China etc. they will lose soon coz over there they are not suckers like here. Now they let them to bring capital and labor, but once the time is right cards will be dealt. In this process US will be impoverished. The game has changed coz you have no more threat of communism and capital has no emotional connection to this country.

[micahgee]

@konshoff

and the punch line is, Fox News has convinced millions of Americans that Obama is a "socialist"!

[MustacheVerra]

@micahgee While Fox news played a big role I'm sure, it was the plan of the establishment all along to brings "their" changes and disguise it as socialism. Or try to convince people it was socialism by accusing Obama of being a socialist. The point here is that was not Fox news idea...

[mikeoli]

@MustacheVerra He is a socialist Barry Soetero oh I mean Obama because u still believe in left right paradigm you will never see the truth one party with politics as theatre for the Many

[MustacheVerra]

@mikeoli Actually, i don't believe in the left/right paradigm.

[orsonwagon]

@micahgee Well said. If Obama were a Socialist, instead of bailing out the banks, he would have started American shoe factories, steel mills, TV factories, textile mills, and raised import duties. Made education free.

[bertly71]

@micahgee Socialists can also be corrupt. I think he is a statist, like many in both parties.

[slobomotion]

@micahgee I know, and yet these people want their Soc Sec retirement? Isn't THAT socialism?

[hanksnow82]

@micahgee One thing i will say for FOX News is they don't ask me for money every time i watch them .

[omegacenturion88]

@hanksnow82 Fox news have rich supporters who tell them what to tell you if you want the real news that is not censored you have to pay for it. Who do you think will support the real news with millions no one because they will tell the truth about anything and thats no good.

[hanksnow82]

@omegacenturion88 I see i have to pay to get the truth , so the more i pay the more truth i get ? You are a pathetic little kid living at home with your mommy expousing some wacked out world view that some left wing teacher told you .

[Erbstank]

@micahgee

Obama has socialized the costs of bailing out the outright theft incurred by crooked bankers

Obama has overburdened the average man with the greed of these banking parasites.

Obama has sanctioned, aided and abetted the banksters in carrying out the biggest heist in history

therefore Obama is no different than your regular socialist communist politburo apparatchik bastard.

[747Cone]

Michael Hudson has just REGULATED!!! Stunningly cogent analysis of this clusterfuck. The man doesn't mince words. Time to donate to TRNN. Please have MH on as often as possible TRNN.

[elnegrobembon]

i like the host/parasite analogy.. that's exactly what they are...bloodsuckers.

[davids11131113]

'Depressions' arent declared until after theyre over.

[ddxhtml]

@TheRealNews makes one fundamental assumption "Dept can not be liquidated". So hence, either it has to be repaid or moved from a private actor tot the government. This "God given assumption" by the @TheRealNews is mindbogglingly to me!

Hudson is the true servant of the banks, his solution guaranty feudal servant of labor under taxes paying interest on the government debt. Let the banks who made bad loans go broke!

[topthickproducer]

@ddxhtml I agree with you..

Not allowing banks to fail is our number 1 mistake.

[doobtribe]

At first i also though they were parasites, but i realised they are not a (dumb)parasite, they'r a virus, they will kill the host for faster and bigger benefits.

[mikwid]

@doobtribe - Absolutely agreed!

[lordfec]

privatize the profits ,nationalise the debt=debt slavery

[Unkn0wnGuy]

The government is the parasite not wall street. Who is to blame, the enabled or the enabler?

[DJpoppa35]

@Unkn0wnGuy no wall street and corporate powers are the parasite... Government is being pimped and bitch-slapped by Wall Street and Corporations

[Unkn0wnGuy]

@DJpoppa35 I would say they are all one big parasite... we could call it a fascist parasite. My point is that the host is the citizens of the country and the fascist parasite is killing the host.

[CCCoNeTiMe]

Paradoxically, that clip was simultaneously fucking brilliant and fucking sorrowful.

[DJpoppa35]

@CCCoNeTiMe I hear you... amazing how insane we become

[TeslaGenius2]

building local selfsufficient parallel economies with local currencies and-or simple exchange of goods without using dollar or any other government official currency is the way to fight globalist bankster parasites!

also get into PHYSICAL silver & gold !

PROTECT YOUR SAVINGS !!

[mphailey]

@TeslaGenius2 I agree. Go to hard assets outside of the financial system. Food, land, precious metals

[TeslaGenius2]

@mphailey

Agree !

It's just that silver,gold is more practical ( than land ) - has double purpose as savings preservation option and currency for everyday life in the same time

It is useful when we need currency to buy things

we can use silver & gold and stay out of worthless official paper currency

Of course food & land are also very good investment options

[yutuboslaven]

@TeslaGenius2

asset (silver, gold) backed currency is as bad as FIAT currency. if we introduce gold standard again, those who own most of the earth's gold, will be able to systematically buy up the whole planet. those who now own our debt, own also most of the earth's gold -> we wouldn't change anything.

what we need is s sovereign money. we need the 4th branch of power (monetative).

jebem ti mamu, you know too little about these things. if you were enlightened you wouldn't be a fascist.

[TeslaGenius2]

@yutuboslaven

please go away !

you miss (as usual context ) of conversation !

so please (at least ) read it all before you say something !

I know you already cause I had misfortune to hear your opinion before and I would be happy that you talk to somebody else!

ha ha ha majmune uopste o tome nije bilo reci KONJINO balijska idi nadju budalu sebi slicnu govno muhamedovo ! serem se na sve balije !

[yutuboslaven]

@TeslaGenius2

I know you also from before beacuse I was lucky enough to hear some of your shortsighted ideas flavored with some fascist statements. This is why I cannot miss any opportunity to expose your flawed positions.

"...simple exchange of goods..." lol! you're an idiot!

"...without using ... any other government official currency..." we don't have any sovereign money at all, you cetnik cunt.

glup si ko kurac. 500 slova je malo da ti se objasni nesto, al dovoljno da ti se mama jebe.

[TeslaGenius2]

@yutuboslaven

"fascist statements"?

For the communist retard like you everything short of

communist slogans is fascist statement !

Having in local community simple exchange of goods is way to avoid using dollar

in situations where the currency enters hyper inflation

"any other government official currency" means simply that goes for all other currencies

ie. British pound etc.

Jaki su ti argumenti zivotinjo balijska idi jebi svoju mrtvu mater kurvetinu u grobu !

Govna poturcena usmrdela!

[yutuboslaven]

@TeslaGenius2 "...exchange of goods..."

-> You're suggesting stone age economincs.

I can name a much better way how local communities could protect themselves against hyperinflation or depression, but I do not want to educate a queen's ass kissing serbian fascist. BTW I oppose entirely our present monetary system, I do not live in the left-right paradigm, thus I cannot be a communist.

ne ja cu da jebem tvoju mater, vase majke su poznate kao dobre kurve. ti si nesto gore od zivotinje.

[TeslaGenius2]

@yutuboslaven

I'm not answering to the idiot any more!

GO AWAY communist moron even the backdrop on your channel is communist

including your internet name that associates on communist dictator Tito's Yugoslavia name

Sve poturice treba ili pobiti ili poslati u tursku nazad !

[yutuboslaven]

@TeslaGenius2

Communism, socialism, fascism, nationalism, social republicanism, social democratism, fundamentalism, paleo-conservativism, conservative republicanism, liberal democratism, conservative neo-liberalism, ultra-capitalism, ultra-liberalism, progressivism, activism, libertarian capitalism etc..

all these isms are based upon a same monetary system. that's why i shit on all of them!

you, however, think inside the box (endorse one of the isms above). that's why you're stupid

picko

[DOHC2L]

@yutuboslaven Half of your terms are whimsical. What do you believe? It's much harder to say what you are for than what you are against.

[CosmosPrivateer]

@TeslaGenius2

I agree with you to some degree but even now gold and silver are over priced. Take a look at the cost to mine an ounch of either and you will find your paying to much now and it will crash also.

So what do we do? You have to eat and drink. We need shelter and energy invest in that.

[TeslaGenius2]

@CosmosPrivateer

"gold and silver are over priced"

over priced to USELESS dollar that comes out of digital press in trillions?!

how they can be over priced?! they just adjust their value to the falling value of major fiat currencies that are

printed endlessly in the whole world i.e. dollar, euro, juan etc..

"have to eat and drink"

silver is specially practical for everyday spending when hyperinflation starts (inflation is already present)

buy food, land, ANYTHING to get rid of FIAT savings!

[veryfuck]

i blame the reproducters.

[jczg08alt]

Appears the fundamental purpose of money itself is broken. People should reject money that has been ill-gotten as a way for society to fight off parasitical elements of the economy.

[Yellow2011]

How to get rid of a parasite?

[Xenthoid]

@Yellow2011 not sure its possible. They find their way in and never go away...

[guitardds]

Ummm, who is putting the 1.1 trillion dollar omnibus bill on the desk of Obama to sign. Oh that's right, it's Reid. Face it America, we're done. Blame it on corporations, blame it on the government, blame it on the banks, no matter, he is right, though it is parasites. Get ready for Fascism America.

[TeMpTeK1]

Excellent interview.. the man is right..

[fireteamforfreedom]

An excellent analysis! But remember it's always darkest before dawn. The entire financial and monetary system is an illusion. If we endure the short term pain, we can restore a solid system on the other side and with what we've learned from the American experience in the first 200 years... we can quickly develop a robust economy without central banks. It's just a matter of breaking free from the real terrorist... the central bankers.

[dannybuckley84]

I love that man! :D

[Benwoodruff]

The bust in the background sets the stage.