True News: PIGs, Banksters and the Death of the Euro

[badsign1980]

the spanish have 20% unemplyment and they give job to this arrogant german prick?what a waste... an idiot, i would like to ear what this genius will say once banks eats up germany to hiper inflation... an idiot i say, its system, banks push debt for witch they have no pghysical money this is german french scheme to put debt on other nations its slavery, i wished all the ppl would take the physical money all at once insouthern europe germany would be banrupt next day.what did this idiot say then?

[Hashishin13]

@badsign1980 The Austrian school wants hard money, and a free market which would crush all unemployment.

[badsign1980]

this is stupid, its like the usa putting california out now because its in trouble, then florida, tyhen ... if germany stands alone they will be eaten up by bigger sharks, like we do by spain and spain by france etc... and their products will not be delivered like they are now, but i was always against the euro always had this idea this was just for bigger countrys to control smaller ones in their nr of industrys it dosent matter how much u produce if u dont have anyone to sell it too...

[badsign1980]

what should happen is what happened in japan afrter 2 world war the usa helped japan not only with cash but mainly with reconstruction of industry teaching them some secrets it was all that took japan was the biggest economical partner of the usa after 2 world war, and also some rigid laws over corruption witch

[badsign1980]

the colonys in africa are in peace independent but like australia was a good clean independence they would be richer then south africa or rodhesia, not in a parasi. way but in a healthy way like uk and australia

[badsign1980]

im portuguese and im the first to say or portugal gets help not in money but expertise and knowledge to start some tec h industrys and restart what we had before the euro like naval construction and tighter ties with the rich ex colonys we are going to fall, really hard and then we are going to be slaves not from europe but fmi and other mafia banking mafias, euro helps in trading prodcuts but germany was overwhelming with high pop to a just out of a 13 year war in africa poor low pop country

[badsign1980]

im portuguese and im the first to say or portugal gets help not in money but expertise and knowledge to start some tec h industrys and restart what we had before the euro like naval construction and tighter ties with the rich ex colonys we are going to fall, really hard and then we are going to be slaves not from europe but fmi and other mafia banking mafias

[KAISER181818]

@MBarroso75 first of all, before u talk shit about the others learn that is "he doesn't" not he dont, after that, he is my professor in universidad rey juancarlos and he is a really smart guy he learnt spanish so fast, in 5 years he changed the possition of student to be a proffesor in spain so please dont talk shit about bagus, u are not even close to be smarter than he is.

[TreachMarkets]

"If only Germany is in the euro the euro would be much stronger." Um, yeah, didn't they have that setup at some point? If I was German I'd be pissed right now.

[magicyte]

I think the scam is that all countries neglect to write off debt on purpose. It is impossible for over have of the worlds economies to be in debt to another country. So therefore...Canada cannot owe money to U.S. while the U.S. owes money to Canada. It's one way or the other as they cancel each other out. I think that's the scam...leaving debt "hang" to create tension. To inflate interest. To create a state of emergency that doesn't actually exist.

[ricksterga]

he could've done it in German then dubbed what the guy said, I cant understand this guy with a masters degree.

[8897670]

Uff.... well good to know he is a sparkling _writer_... ;) Thanks for the interview but back to monologing now please, enough pulling teeth

[freedomisntpolitical]

Thanks for this video. Welcome to post-Lisbon Europe

[freedomisntpolitical]

Try listening, or learning another language. Most of the population of the planet are not going to learn English, then learn it perfectly - like a news reporter - just so you can understand. Try learning other languages.

[mladjuric]

I'm from ex Yugoslavia, before YU fell apart Greece was our neighbour, and back then, as far as back in the 80's we had a saying ''You owe like Greece'' (cant translate exactly but you get the point).. they haven't changed much...

[WAMill3R]

I highly doubt that Greece will go off the Euro. They would only do that if they intended, in the future, to never engage in inflationary policies again, and simply wanted to avoid paying their debts. But such an outcome is unlikely, as I'm sure the Greek government fully intends to continue its inflationary policies.

[WAMill3R]

Most people never learn from history.

[njedinjedi]

Not a great interviewee TBH, but Stef tried his best

[debaiona]

Because being tied to weaker countries keeps the Euro artificially low. Since German exports are priced in Euros, it's good for German exports because they become cheaper on the world market and people buy more of them.

[Stargazer5781]

Inflation leads to anger. Anger leads to hate. Hate leads to suffering. The dark side are they...

[john1230]

The Euro never will recover.

Almost all countries in Europe have huge debts they never can pay back.

Governments in the EU demand a lot of money from their civilians, but they don't add any value to the economy.

We're DOOMED.

[pretorious700]

No government in the world adds value to their economy...they can only redistribute capital and suck up resources.

[truevoice08]

What I don't understand is who is the creditor? If USA and Europe is in a debt crises who is the creditor? It doesn't seem realistic to say China is the creditor of tens of trillions of dollars.

[john1230]

@truevoice08

I think, like it goes with bubbles, the money just vaporizes.

You thought something you bought was worth a lot, but you were wrong.

One day you have a 250.000 $ house.

A week later it's worth 50.000 $ less.

Where did the money go?

Now in Greece...

The spending cuts on benefits, (much) higher taxes on gasoline, alcohol and cigarettes, causing big problems for Greek economy.

[LunkwillFook]

@truevoice08

not only foreign countries - also you and the citizens of your country. You have life insurance? Well, ask yourself - what does the insurance company do with your money? It buys government bonds. Any kind of invenstment fund for your retirement buys government bonds. HUGE amount of money. So, in the end you pay for your own debt, because you expect return on your "investment". Government bonds are YOUR debt to yourself.

[baalshin]

The Federal Reserve, a private owned bank.

[emmazedbend]

Good interview thanks for keeping us in England informed (as no one here in the media does)

[modelmark]

The Greek government also over estimated GDP to get their debt/gdp ration down, by overstating the black economy.

A lot of collectivist terms in this video. Greece wants this and tried that.

[newperve]

Goldman Sachs and the rest of the Banksters are basically mafia accountants/lawyers. They shift the money around as their masters command, with the complete lack of morality their bosses expect. Naturally they skim off the top and naturally their bosses will never do anything to truly stop their activities.

[newperve]

According to markets dot ft do com slash markets slash bonds dot asp these are the bond rates for various governments. I calculated the implied risk compared to Germany expressed as a fraction.

USA 3.62%0.00492

Germany 3.11%0.000

Greece 6.48% 0.03165

Italy  3.98%0.00837

Portugal 4.47%0.01302

Spain 3.87%0.00732

So as you can see the markets don't see more than a 3.165% chance of losing all their Greek bond money. Bailout is expected.

[Visfen]

Nice post,

that has been the prevailing policy for the past 20 years.

[genghis6l99]

spain is in a lot of trouble too. he's in a good spot to research

[Cailwyn]

It would be nice if these kinds of crises actually woke people from their fantasies, but history tends to favor the perpetrators. Those that sell the 'solutions' sold the problem.

BTW Stef, you said something to the effect that only 1 in 1000 understand the relationship between inflation and wealth transfer. I was wondering, is that an actual figure or a rough estimate? This certainly would be alarming, if not surprising,

[sport142]

Excellent interview...great depth...thank you!

[NIK4EVA]

I still have some of the original Deutsch Marks lol

[1984noway]

governments /corporate banks are one of the same. so how can you single out governments as the main problem.This is facism without the jackboots

THE BANKS JUST WANT CHEAP LABOUR , THEY WILL RUN SOCIETY INTO THE GROUND

[absurdparadox]

The key to cheap labor is free market capitalism, though...

[ronpaulspanish]

Awesome!! Jesús Huerta de Soto (his professor) is brilliant! TY STEF