These vids were quite amusing a couple of months ago. That's not the case anymore! As a Greek I thank you all for your concern and and solidarity! Europe shall come out of this stronger and wiser!!
Someone name me some countries who aren't f***ed (and don't say China because all 2 billion of them have scars on their backs from whips held by their communist leaders).
Keep using the printing press European central bank, keep doing it. I just can't wait till the total collapse of any and every single progressive left wing socialist policy falling into the greatest and cruelest joke in human history.
Google Christine LaGarde and Obama connection. DSK gets removed from the head of the IMF on false rape charges. The accuser recants and in comes Christine, but not until Obama OKs the new appointee.
Who is she? She use to work for the law firm the represents Obama. The IMF is lending money to bankrupt countries in order to make them beholden to the lender...the IMF! Exactly like China did to the U.S. of A!
Don´t deveive any of you who read me, any of you.! this crisis is not only an economic crisis. It is the whole european social infrastructure that is falling.
Only a few big miscellaneous lobbies will succeed, the rest will just survive. In fact this isn´t a crisis but a change of tendencies in all aspects that will transform Europe in a wild, dictatorial, well organized chaos !! unemployement will never recover ! never!!
In Europe many tragedies will be seen as never before !! Wait and see !
The euro ! the ruin for the majority of european citizens, the disaster for the social welfare state and the catastrophe for those citizens who are decent and honest.
The euro! the german trap that hitlerian Merkel laid and where the socialist european goverments felt into.
I ashame myself for having been born european cause Europe is a continent where all citizens could live as kings and queens and now, due to socialist tendencies we all crawl among miseries and soon in the most abject poverty.
All this crisis has only 1 cause. The ''ability'' of banks to create out of thin air as much money as we can borrow and loan money that they don't actually have.In other words, a bank can lend someone a car when,at the same time, there is only 1 (not even 4 !!!) tire in the bank's vault.I really wonder who was the ''genius'' that invented this system ...
@OmicronLeonis Did it occur to you that is why our Federal Government is broke right now? They have an unlimited charge card with the Federal Reserve and they Feds just keep printing money to make the DEBT cheaper to service. That in turn devalues your money and you end up with a hidden tax called inflation as a result.
@MeteorMega This is true relentless spending because all is lost anyway but after all there will be a new balance when this 4 world reich will tumble!
Its`s funny, europeans still build TGVs, ICEs , 6-lane highways , travel the world , didnt correct a penny their currency just as if nothing happens Dutch friend, the netherlands is a tiny, periferic economy in Europe and the world , people also prefer to have a bicycle than a car ( no pun intended ), like the UK your country has chosen `services` to Industry ( tribute to Fokker !). Problem is when you have scale industrial places, and China makes the same with 10 times lower costs.
Lol at all these comments. China owns United States and Europe? I find it insulting that they are bigger than both of us put together. The end as we know it when the short chinky eyed fellas take over the world and throw us all out of power.
@AwesomeAaron87 MUAHAHAHA, and I"m one of the Chinky-eyed Fellas that going to be cashing in on my US bonds with your real properties. YES! The DRAGON Has AWAKEN! Rid the US of a bunch of BIG FAT PINK Porky Pigs and bring in the Majestic DRAGONS and TIGERS! MUAHAHAHA! HuiyeeaH! Chop Suey!
Or, the countries that owe eachother can forgive eachother's debt. That is really the ONLY way out of this circle of debt. Fractional Reserve Banking reversed.
The problem of Europe is Spain and his huge unemployment rate caused by a reckless immigration policy, allowing entry to 5 million immigrants, 5 million!! It's like supporting a whole new country!! and coincidentally also has 5 million unemployed, what a coincidence, right? This costs Spain 600 € million every days!! It's as if Europe had unemployed an entire country,8 out of 10 unemployed Europeans are Spanish, if Europe does not force you to change Spain will sink and dragged across Europe
He didn't ask the question: Where did all that money go to ?
Big Government = Big Pockets, absurd pay raises for government workers while bleeding the private sector to death thanx to left wing ideologies.
And now, we have to borrow from cummunist China (a country that pays it's employees a bowl of rice a day) just so we can keep these disproportionally high public worker salaries demanded by the local left wing parties.
Left wing ideologies should be considered social disorders.
A lot of schadenfreud going on here... all because of nationalism? Wouldn't it be better for all of us if confidence in the markets returns again. The whole economic situation situation blows. Strange that some are happy that others are unemployed.
@CamsLiveVideo Somehow I can't think how that will happen if the federal government is not reduced drastically and we stop spending and pay down the DEBT.
The answers trade - it always has been - that's the way out.
With their (farm) protectionist trade policies, EU and USA have 'written off' the continent of Africa (but China hasn't) . Now that Europe and US are broke, and have no one - when the despritely need it - to trade them out (not bail them); they should have bought African sugar and cotton (instead of paying their farmers billions to make it themselves), then Africa would have bought EU trucks stuff.
@fractalnomics: Haha. Not quite written off Africa... the Massmart acquisition by Walmart is certainly going to be watched closely by intl corporations. Oh wait, essentially a Chinese company since the money heads straight to China to purchase more products. Haha.
@fractalnomics That is just silly, it is a very simply view of what is going on, people should ask the question, who has the money? If you follow the money you will find it is banks, they create money from nothing and the world pays for it. What a scam.
@RussMaxable: money is created by the central bank (or by the FED in the US) which lends it to the commercial banks. The central bank is owned by the state (well, officially). This could be a working idea, unfortunately it is corrupted (like almost everything else in this world).
@fractalnomics Nope the way out is to send the criminal banksters to jail, for the Nations to grab some balls like the Icelanders and say fu and form their own banking system that is based on the usary mechanism.
@fractalnomics you're talking about comparative advantage? You do know Europe, excluding the UK still has some strong manufacturing base. they can still trade their way out. even with food crops they can still trade their way out but it takes time! the problem is how do you get out of debt without putting a burden on your economy or should i say on the taxpayers
@chasingimagination1 You stop growing government, stop over regulation and stop interfering in people's private lives. Then you improve education and lower your DEBT.
@MeteorMega 'stop over regulation' of what specifically? i think the government should interfere in bankers lives. after all they brought us all down. 'stop government growing?' in terms of what? cutting education? cutting health spending? or military funding? give specifics and not slogans for the party you support
the US has the largest military in the world, the most technologically sophisticated one at that. It has the lowest personal income tax rate, and it has no Goods sales tax (GST). It had 2 wars in less then a decade, and two tax cuts in less then a decade. ..the bankers told the govts, trust us, we will give you prosperity, then they say, bail us out, then they say, trust us again, with no string attached for the bail out, now govts need bailouts.. and they say, too bad. sad..
@chasingimagination1 Yes stop all the interference by the Federal Government - start letting the states have their rights back. the federal government is not chartered to provide you with health care and the expense of workers, it's not chartered to provide or interfere in education. Their only function is to provide a Judicial and Military to protect us.
Why do you people believe that we should keep feeding the monster?
@MeteorMega I take it you're a Ron Paul supporter. And you agree with him to take the constitution LITERALLY. Just my guess anyway, correct me if i'm wrong. 'Judicial and Military' only? no public works?
Well if most of you want that, i have no qualms with it. The US is 'suppose' to be a democracy after all. But if it were to happen, I predict a 3rd World nation in the making.
@chasingimagination1 Yes, I am very much a Dr. Paul supporter. Public works? Isn't that a state right? I mean federal government can take care of the interstate highway system, but what else should they take care of? We are already a 3rd world nation in the making. We have a DEBT that we cannot repay and our dollar will be worth about 50% when we default or print more money to pay the interest on it. Our federal government needs to stop spending.
@chasingimagination1 The US is supposed to be a Republic and we are loosing that. Please read Dr. Paul's speech in 2000 before the House. It's called "A Republic If You Can Keep It". It's about what we are loosing in this once great country.
@Tiwaking Agreed. Wish that's what you'd said. It sounded like you liked the video and posted a link to it on your facebook page, and were telling us about it.
US & Europe in Severe Bear Mkt: NASDAQ is a leading indicator for US economy compared to DJIA and S&P500. Click on my name to see complete NASDAQ Technical Analysis Videos (and the other 8 videos) which show full technical PROOFS of why QE1,QE2 and Operation Twist FAILED in U.S, why all policies in Europe will fail and why the SevereCrash is preparing its avalanche now. It's a must watch if you want to protect urself from this looming severe crisis
@kyonsuzumiyakim japan's debt is mostly owned by the citizens. It's a savings economy. The citizens have loaned govt the money and not foreign countries
Money isn't something you just move around, you can lose investments. But a lot of Euro debt can be cancellet, google "The great EU debt write off". The question is, who benefits from this lending?
@Mechness Did you hear them saying "Germany owes..."? no, because many of these debts are one way, "mostly to Britain, France and Germany". Because countries like Greece, Portugal, Ireland, Italy, Spain... SPENT their "loans". So the sum is not zero. Now this is just academical debate since the real problem is "Modern money mechanics" (fractional reserve banking, interest rates, and ratings...) AND one more important thing: the actual debts are not country vs country, but usually country vs bank
@MarshallBF Did you watch the video? It specifically covers Italy and Spain owing to each other... No country has zero national debt and in fact debt has been far, far higher in the past. The real issue is a sudden aversion to borrowing which has destroyed market confidence and stalled the world economy.
WRT Eurozone debt... if one Eurozone country owes euros to another, this has zero net effect on total Eurozone liabilites.
They "spent their loans", but the money still exists somewhere.
@Mechness You're wrong. The money has been wasted on useless bureacrats and corrupted government spending on prestige projects, unnecessary infrastructure and welfare payments that were spent on booze and cigarettes. The money is gone or in the hands of the few people who still work. I'm guessing you're proposing communism and taxing everybody 100%?
IMO Europe cannot fail at any cost, no money can buy the peace we have today, European leaders should grow some real backbone and defend the union whatever the cost. The 2 world wars, the worst conflicts in the history of humanity started in Europe. Europeans are capable of killing each other in an immense scale, no money can buy peace and save countless millions of lives.
@ntt688 Thanks so much for your answers to none of my questions. But never mind! I no longer suspect you're able to provide a cohesive argument in support of any of your random statements or implications.
@OakAged72 why are you so interested in my opinion? There are ~165 comments and you decide to focus on mine, ridiculous. My statements were not random, but, as I am Portuguese, maybe my english is not that good, hence some of the questions you make may be due to that.
Maybe my ponctuation is wrong, jeez! I just felt like writing something and I wrote that. I know I did not answer your questions, but you seem intelligent as all enquiring minds usually are, so you figure it out yourself.
@ntt688 Right, most people read 165 comments before replying to any they've read. That's ridiculous. I ready a few, found yours strange and objectionable, asked what you meant. Also ridiculous is the idea that intelligence allows one to figure out what someone means when they post non sequiters - such as accusing people in a particular geographic region of being more murderous than others in response to a financial article. But again, never mind. I no longer care what you were thinking.
@OakAged72 You certainly are fast at drawing the wrong conclusions from my comment. And also thanks for not caring anymore for what I was thinking, as it was really not important at all. Just a random comment from a random person in the midst of millions that are posted every second on the inter-tubes......
i am from israel. i am afraid of turkey. because turkey is stronger than us. please dont leave israel alone against turkey. please help us. TURKEY WILL SHOOT TO ISRAEL 2 MONHS LATER. AMAERICA MUST HELP US OR WE (THE JEWS) WIL FUCK YOUR ECOMOMY.
@angelmtza here is the link goo[dot]gl[slash]5uVnJ It talks about the recapitalization process (aka bailout) of global banks from 2008 to 2011. I covered US mostly and talked a little about EU.
Just think of the (privately owned) US-FED they printed over 2 Trillion Dollars "lending" them also to european Central Banks. Banks are "bailing out" the Euro (who was originally forbidden to bail out). Most of the "Bail-Out"-Money returns to the Banks to pay back interest/credit but is NOPT used for the people/economy of these countries!
Now think a little WHO is more and more owning european countries...
@ClarkeAndDawe: This gag is so great that I've subtitled it to Spanish, as you can see in my profile. If there is any problem with it, please let me know.
Without the truth, there can be no real morality, justice, equality, success, freedom, love, security, peace, spirituality or even survival. If you are seeking the truth, search "Truth Contest" in Google, then open The Present on the homepage and read what it says.
The media will have you believe that the financial struggle is between countries while in actual fact it's between privately owned transnational corporate entities and people in general, 'follow the money' from the time you spend it on fuel or groceries and see where that money goes and you see who the real winners are in the system.
@MyStIcTrE3 Actually no. A huge component of a trader's salary is variable and based on what he makes at the market. So if you fail to perform repeatedly, not only is ur salary lower, you will be very soon shown the door. I know quite a few ppl working at HKEX, LSE, NYSE, BSE
I ask a Greek "What's the capital of Greece?" He said Athens of course. I said "No, it's minus 7 Billion Euro". They don't seem to get the point that to get money out of something, you \need to have put in money in the first place.
a self supporting government is one who knows how the economy of their part of the world works, and uses this political business sense to have a self supporting government by minimising interactions with other countries to gain independence, things like fashion, or even pins and buttons would be an example, a government who does not rely on taxes, and has rental caps is going to have less desperate people breaking the rules to feed and clothe their families, tax alcohol
a self supporting government is one who knows how the economy of their part of the world works, and uses this political business sense to have a self supporting government by minimising interactions with other countries to gain independence, things like fashion, or even pins and buttons would be an example, a government who does not rely on taxes, and has rental caps is going to have less desperate people breaking the rules to feed and clothe their families, tax alcohol
@Brettah31 Then it is misallocated and spent inefficiently. Sooner or later you will run out of someone elses money. Its sad that the world debt outstrips world production. Liberals advocate a bailout, from Mars.....So we can sustain this unsustainable system.
@AroundSun Australia has one of the highest levels of state welfare, aimed at poverty alleviation, yet we have the lowest foreign debt out of the developed world. If you can support people well enough so that they can be retrained and re-educated, then they can re-join the work force as productive individuals. If you don't regulate how the welfare dollars are spent THEN its a waste.
As far as bailouts are concerned, if your induestries actually had regulations, they wouldn't need bailing out.
@Brettah31 "if your induestries actually had regulations, they wouldn't need bailing out."...Liberals are so braindead I don't even know where to begin anymore......
@AroundSun By "Liberals" do you mean the left side of politics? Cuz I'm on the conservative side of politics in my country. The difference is that we acknowlede that sometimes a bit of regulation is required.
Our economy survived the financial crisis and yours didn't. Nuff said.
@AroundSun Actually, I'm on the conservative side of politics in my country. I do believe in having a small public sector, but there is nothing stupid about regulation, otherwise, what's the point in even having a government?
Heres a novel idea: How about you put a ban on banks giving loans to people who can't possibly pay them back? That might be some good regulation.
My country survived the global financial crisis that your country caused. Nuff said.
@Brettah31 Thats not a regulation thats an idea that is hard to implement. Whats even funnier is that it wasnt a lack of regulation, it was TOO MANY regulations. With a central bank, the system doesnt work if money isnt worth anything. The REGULATION was to print money so these investment firms could go out and leverage it up. It was to force these banks to give unqualified applicants cheap loans through easy money in the name of social justice. Your country survived? What country sir??
@AroundSun lol, that's an interesting view of the situation. Haven't heard that one before.
You could look at my profile to ascertain what country I'm from (as I did with you), but Americans aren't known for being thorough in their research, I guess. I'm from the country that produced the video we're both commenting on.
@Brettah31 Havent heard that one before? Well stop living under a rock you fucking idiot. You show your blatant misunderstanding of economics and finance with your idiotic statements. Just stop talking. Youre central bank didn't print trillions of dollars out of thin air, thats why you didn't have a problem.
@Brettah31 "Americans aren't known for being thorough in their research, I guess. I'm from the country that produced the video we're both commenting on." Well thats just fucking hillarious then! Because YOU don't understand the GOD DAMN VIDEO LOL!! The whole freaking point of it is that deficit spending and quantitative easing is going to destroy the world! God you are braindead. With the highest GDP in the world I would say Americans ARE in fact known for their research LOL. NASA??
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Banker left speechless by Irish journalist - watch?v=pCHu1kRT6hU
thesizzler2018 2 days ago
These vids were quite amusing a couple of months ago. That's not the case anymore! As a Greek I thank you all for your concern and and solidarity! Europe shall come out of this stronger and wiser!!
messupurpc 1 week ago
Someone name me some countries who aren't f***ed (and don't say China because all 2 billion of them have scars on their backs from whips held by their communist leaders).
jmacgillivray33 2 weeks ago
@jmacgillivray33 Switzerland
sneakyshadow7 1 week ago
Keep using the printing press European central bank, keep doing it. I just can't wait till the total collapse of any and every single progressive left wing socialist policy falling into the greatest and cruelest joke in human history.
flynn2008 2 weeks ago
IMF is your new daddy!
Google Christine LaGarde and Obama connection. DSK gets removed from the head of the IMF on false rape charges. The accuser recants and in comes Christine, but not until Obama OKs the new appointee.
Who is she? She use to work for the law firm the represents Obama. The IMF is lending money to bankrupt countries in order to make them beholden to the lender...the IMF! Exactly like China did to the U.S. of A!
kanukster 2 weeks ago
11 Germans have watched this video.
nvek69 2 weeks ago 2
ahahaha
randomassockss 3 weeks ago
British humor is the only reason the British Pound has retained it's value.
mrsha007 4 weeks ago
@mrsha007 except Clarke and Dawe are from New Zealand and Australia, respectively.
FB2K6 3 weeks ago
@FB2K6 Realized that after. Had never heard of these two before this clip.
mrsha007 2 weeks ago
Lmao hilarious
MrTactical45 4 weeks ago
laff it up stupid americans When we form one country..no borders..one money..one language then who will laff?
YouRopeUnion 1 month ago
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CAN SOMEBODY EXPLAIN WHY GREECE AND SUTHERN greek Cyprus are EU MEMBER???
BECAUSE;
1) UNDEVELOPED
2) WORST ECONOMY OF EUROPE
3) HIGH CAR ACCIDENT RISK
4) NO REGULATIONS
5) NO INDUSTRY
SO, WHY THEY ARE EU MEMBER WITH THIS FIGURES??
00thelastottoman00 1 month ago
the bit about china had me in stitches...
miglior57 1 month ago
Don´t deveive any of you who read me, any of you.! this crisis is not only an economic crisis. It is the whole european social infrastructure that is falling.
Only a few big miscellaneous lobbies will succeed, the rest will just survive. In fact this isn´t a crisis but a change of tendencies in all aspects that will transform Europe in a wild, dictatorial, well organized chaos !! unemployement will never recover ! never!!
In Europe many tragedies will be seen as never before !! Wait and see !
1pen2books 1 month ago
The euro ! the ruin for the majority of european citizens, the disaster for the social welfare state and the catastrophe for those citizens who are decent and honest.
The euro! the german trap that hitlerian Merkel laid and where the socialist european goverments felt into.
I ashame myself for having been born european cause Europe is a continent where all citizens could live as kings and queens and now, due to socialist tendencies we all crawl among miseries and soon in the most abject poverty.
1pen2books 1 month ago
Who's on first?
Truthsabre777 1 month ago
All this crisis has only 1 cause. The ''ability'' of banks to create out of thin air as much money as we can borrow and loan money that they don't actually have.In other words, a bank can lend someone a car when,at the same time, there is only 1 (not even 4 !!!) tire in the bank's vault.I really wonder who was the ''genius'' that invented this system ...
OmicronLeonis 1 month ago
@OmicronLeonis Did it occur to you that is why our Federal Government is broke right now? They have an unlimited charge card with the Federal Reserve and they Feds just keep printing money to make the DEBT cheaper to service. That in turn devalues your money and you end up with a hidden tax called inflation as a result.
MeteorMega 1 month ago
@MeteorMega thank you Woodrow Wilson.
teddythebenny 1 month ago
@MeteorMega This is true relentless spending because all is lost anyway but after all there will be a new balance when this 4 world reich will tumble!
ercoolee 1 week ago
@TheNewAlias I'm an Asian-American, dumbass. Your punctuation is also horrible you retarded hypocrite.
AwesomeAaron87 2 months ago
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I have made a video about top 20 countries by %GDP public debt...Enjoy it!
aneskon93 2 months ago
Its`s funny, europeans still build TGVs, ICEs , 6-lane highways , travel the world , didnt correct a penny their currency just as if nothing happens Dutch friend, the netherlands is a tiny, periferic economy in Europe and the world , people also prefer to have a bicycle than a car ( no pun intended ), like the UK your country has chosen `services` to Industry ( tribute to Fokker !). Problem is when you have scale industrial places, and China makes the same with 10 times lower costs.
jjbarbados 2 months ago
It said: "you can skip this ad in..." and the timer was as long as the commercial. >:(
triggerhappyrentacop 2 months ago
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EasternMerchant 2 months ago
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EasternMerchant 2 months ago
Lol at all these comments. China owns United States and Europe? I find it insulting that they are bigger than both of us put together. The end as we know it when the short chinky eyed fellas take over the world and throw us all out of power.
AwesomeAaron87 2 months ago
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@AwesomeAaron87 MUAHAHAHA, and I"m one of the Chinky-eyed Fellas that going to be cashing in on my US bonds with your real properties. YES! The DRAGON Has AWAKEN! Rid the US of a bunch of BIG FAT PINK Porky Pigs and bring in the Majestic DRAGONS and TIGERS! MUAHAHAHA! HuiyeeaH! Chop Suey!
EasternMerchant 2 months ago
@AwesomeAaron87 shut up low IQ cracker boy
TheNewAlias 2 months ago
Or, the countries that owe eachother can forgive eachother's debt. That is really the ONLY way out of this circle of debt. Fractional Reserve Banking reversed.
NotANoveltyUser 2 months ago
this is the best hahahhaha
RYANMOW 3 months ago
Star Trek
gigimc 3 months ago
The problem of Europe is Spain and his huge unemployment rate caused by a reckless immigration policy, allowing entry to 5 million immigrants, 5 million!! It's like supporting a whole new country!! and coincidentally also has 5 million unemployed, what a coincidence, right? This costs Spain 600 € million every days!! It's as if Europe had unemployed an entire country,8 out of 10 unemployed Europeans are Spanish, if Europe does not force you to change Spain will sink and dragged across Europe
DwightMcCarthy4nr 3 months ago
He didn't ask the question: Where did all that money go to ?
Big Government = Big Pockets, absurd pay raises for government workers while bleeding the private sector to death thanx to left wing ideologies.
And now, we have to borrow from cummunist China (a country that pays it's employees a bowl of rice a day) just so we can keep these disproportionally high public worker salaries demanded by the local left wing parties.
Left wing ideologies should be considered social disorders.
seppsters 3 months ago
I live in England, I'll give you a quick rundown of the situation here.
We're fucked.
Denethorable 3 months ago 11
Lmao, the European Union is economically unstable and in major debt right now.
Just thought I should return the favor Europe, greetings from America!
AwesomeAaron87 3 months ago
this will either cause WW3 or bring us all together as Earth is some Worldly Totalitarianism Gov... im moving to mars!
landerssd 3 months ago
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A lot of schadenfreud going on here... all because of nationalism? Wouldn't it be better for all of us if confidence in the markets returns again. The whole economic situation situation blows. Strange that some are happy that others are unemployed.
AudiROCKS 3 months ago
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AudiROCKS 3 months ago
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AudiROCKS 3 months ago
lol
johannes7121979 3 months ago
The tragic, completely predictable outcome of "enlightened," fascistic kleptocratic, European socialistic Welfare-Statism.
attguy98 3 months ago
Call us in debt now Europe, HAHA, karma's a Bitch!
AwesomeAaron87 3 months ago
@Canuckism101 Listen and listen well Greece economy is kaput, Italy economy is kaput and Euro currency is also kaput. lol Invest in gold and silver.
TheIxtlan 3 months ago
Meanwhile in Australia...
200dogz 3 months ago
Fantastic video, keep up the good work.
rhymezzz 3 months ago
The Great Euro is kaput ! lol
USA is still number 1# Numero uno.
TheIxtlan 3 months ago
@TheIxtlan US is number one, the biggest debt in the world.
moonsugar1 3 months ago
@TheIxtlan USA! USA! USA! What's that, China called? They want their money back? Oh fuuuu....
Mertaranta 3 months ago
Brilliant! Well put!
LotusArtsCreations 3 months ago
Italy owe around 2.7Trillion euros atm. Unless they had copyrights to Pizza, theres no way in hell theyre paying that off.
Rei89CH 4 months ago
I hope we can all still be laughing 1,2 or 5 years from now! :)
CamsLiveVideo 4 months ago 27
@CamsLiveVideo Somehow I can't think how that will happen if the federal government is not reduced drastically and we stop spending and pay down the DEBT.
MeteorMega 1 month ago
@MeteorMega Sad but true
CamsLiveVideo 1 month ago
@CamsLiveVideo and BOOM BABY - Top comment muahahahah
CamsLiveVideo 1 month ago
This is great
Curt1E 4 months ago
when we see the politicians at euro parliement, they seam to be smiling all the time... and where did they find the money to fight in Libia then?
irishbansuri 4 months ago
Thumbs up if you were directed here by Sunny Roseman!
audioblogs12 4 months ago
The answers trade - it always has been - that's the way out.
With their (farm) protectionist trade policies, EU and USA have 'written off' the continent of Africa (but China hasn't) . Now that Europe and US are broke, and have no one - when the despritely need it - to trade them out (not bail them); they should have bought African sugar and cotton (instead of paying their farmers billions to make it themselves), then Africa would have bought EU trucks stuff.
EU /US - your punishment.
fractalnomics 4 months ago 20
@fractalnomics: Haha. Not quite written off Africa... the Massmart acquisition by Walmart is certainly going to be watched closely by intl corporations. Oh wait, essentially a Chinese company since the money heads straight to China to purchase more products. Haha.
pureoceanbreeze 4 months ago
@fractalnomics That is just silly, it is a very simply view of what is going on, people should ask the question, who has the money? If you follow the money you will find it is banks, they create money from nothing and the world pays for it. What a scam.
RussMaxable 3 months ago
@RussMaxable: money is created by the central bank (or by the FED in the US) which lends it to the commercial banks. The central bank is owned by the state (well, officially). This could be a working idea, unfortunately it is corrupted (like almost everything else in this world).
atirasalsero 2 months ago
@RussMaxable Most of the debt that exists does so without any money at all existing to pay it back.
SaroDarksbane 2 months ago
@fractalnomics Nope the way out is to send the criminal banksters to jail, for the Nations to grab some balls like the Icelanders and say fu and form their own banking system that is based on the usary mechanism.
extremepoker75 2 months ago
@fractalnomics you're talking about comparative advantage? You do know Europe, excluding the UK still has some strong manufacturing base. they can still trade their way out. even with food crops they can still trade their way out but it takes time! the problem is how do you get out of debt without putting a burden on your economy or should i say on the taxpayers
chasingimagination1 1 month ago
@chasingimagination1 You stop growing government, stop over regulation and stop interfering in people's private lives. Then you improve education and lower your DEBT.
MeteorMega 1 month ago
@MeteorMega 'stop over regulation' of what specifically? i think the government should interfere in bankers lives. after all they brought us all down. 'stop government growing?' in terms of what? cutting education? cutting health spending? or military funding? give specifics and not slogans for the party you support
chasingimagination1 1 month ago
the US has the largest military in the world, the most technologically sophisticated one at that. It has the lowest personal income tax rate, and it has no Goods sales tax (GST). It had 2 wars in less then a decade, and two tax cuts in less then a decade. ..the bankers told the govts, trust us, we will give you prosperity, then they say, bail us out, then they say, trust us again, with no string attached for the bail out, now govts need bailouts.. and they say, too bad. sad..
teddythebenny 1 month ago
@teddythebenny agreed
chasingimagination1 1 month ago
@chasingimagination1 and btw, this has always happened.
teddythebenny 1 month ago
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MeteorMega 1 month ago
@chasingimagination1 Yes stop all the interference by the Federal Government - start letting the states have their rights back. the federal government is not chartered to provide you with health care and the expense of workers, it's not chartered to provide or interfere in education. Their only function is to provide a Judicial and Military to protect us.
Why do you people believe that we should keep feeding the monster?
MeteorMega 1 month ago
@MeteorMega I take it you're a Ron Paul supporter. And you agree with him to take the constitution LITERALLY. Just my guess anyway, correct me if i'm wrong. 'Judicial and Military' only? no public works?
Well if most of you want that, i have no qualms with it. The US is 'suppose' to be a democracy after all. But if it were to happen, I predict a 3rd World nation in the making.
chasingimagination1 1 month ago
@chasingimagination1 Yes, I am very much a Dr. Paul supporter. Public works? Isn't that a state right? I mean federal government can take care of the interstate highway system, but what else should they take care of? We are already a 3rd world nation in the making. We have a DEBT that we cannot repay and our dollar will be worth about 50% when we default or print more money to pay the interest on it. Our federal government needs to stop spending.
MeteorMega 1 month ago
@chasingimagination1 The US is supposed to be a Republic and we are loosing that. Please read Dr. Paul's speech in 2000 before the House. It's called "A Republic If You Can Keep It". It's about what we are loosing in this once great country.
MeteorMega 1 month ago
@fractalnomics Exactly, having a market-based economy and bailing out farmers and even countries doesn't work in the long run
Slektet 1 month ago
@fractalnomics
Anything the U.S.A. has done is because of our own 'progressive' policies.
How is Africa as a continent more stable than the U.S.A.? It is not. Screw the Euro it should not be tied to the U.S.A.
I'm sure the region of the U.S.A. still grows Sugar. Cotton, Wheat and Corn.... along with Beef, Pork and Fowl.
redleg15 1 month ago
A mite sad when comedians tell more truth than the journos! Keep it coming Clarke and Dawe!
4Dada 4 months ago
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ALERT
If you have eyes to see and ears to hear
You will understand this message......
Google: OLIVE FARMER CRETE BLOGSPOT
Humanity is in danger. Little time. Beware deceivers
OliveFarmer1 4 months ago
Jawwad Farids has posted this video to his facebook :\
Tiwaking 4 months ago
@Tiwaking And we care becaaaaaase...?
OakAged72 4 months ago
@OakAged72 People taking other peoples videos (he has scrubbed out the credits as well) is wrong.
Tiwaking 4 months ago
@Tiwaking Agreed. Wish that's what you'd said. It sounded like you liked the video and posted a link to it on your facebook page, and were telling us about it.
OakAged72 4 months ago
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People selling Euros and buying US currency, why?
"Because it is owned by China." 2:06
Anybody in the US housing market is well aware of that.
Great answers and have genuine humor!
Roger, we'll strike back later, presently lost just a million dollar only.
SHSATNewYork 4 months ago
Comment removed
SHSATNewYork 4 months ago
The problem is that it is not countries that have lent them the money, but their banks.
xxjonboy 4 months ago
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US & Europe in Severe Bear Mkt: NASDAQ is a leading indicator for US economy compared to DJIA and S&P500. Click on my name to see complete NASDAQ Technical Analysis Videos (and the other 8 videos) which show full technical PROOFS of why QE1,QE2 and Operation Twist FAILED in U.S, why all policies in Europe will fail and why the SevereCrash is preparing its avalanche now. It's a must watch if you want to protect urself from this looming severe crisis
DonovanHSAng 5 months ago
@kyonsuzumiyakim japan's debt is mostly owned by the citizens. It's a savings economy. The citizens have loaned govt the money and not foreign countries
kushalpat111 5 months ago
SELL EVERYTHING IMMEDIATELY
ChastityArgyle 5 months ago
So put another way... EU nations owe each other a load of money. Zero sum, so where's the problem for the EU as a whole?
Mechness 5 months ago
@Mechness
Money isn't something you just move around, you can lose investments. But a lot of Euro debt can be cancellet, google "The great EU debt write off". The question is, who benefits from this lending?
Correct.
turcca 5 months ago
@turcca Money absolutely is something you just move around. If someone makes a bad investment, someone else still gets the money.
Mechness 5 months ago
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@turcca Money absolutely is something you just move around. If someone makes a bad investment, someone else still gets the money.
Mechness 5 months ago
@Mechness Unfortunately, it is not ZERO sum. Sad European citizen.
MarshallBF 5 months ago
@MarshallBF Sure it is. If A owes B money and both A and B are collectively Known as entity AB, this debt is internal to AB. No problem really.
Mechness 5 months ago
@Mechness Did you hear them saying "Germany owes..."? no, because many of these debts are one way, "mostly to Britain, France and Germany". Because countries like Greece, Portugal, Ireland, Italy, Spain... SPENT their "loans". So the sum is not zero. Now this is just academical debate since the real problem is "Modern money mechanics" (fractional reserve banking, interest rates, and ratings...) AND one more important thing: the actual debts are not country vs country, but usually country vs bank
MarshallBF 5 months ago in playlist THE BEST
@MarshallBF Did you watch the video? It specifically covers Italy and Spain owing to each other... No country has zero national debt and in fact debt has been far, far higher in the past. The real issue is a sudden aversion to borrowing which has destroyed market confidence and stalled the world economy.
WRT Eurozone debt... if one Eurozone country owes euros to another, this has zero net effect on total Eurozone liabilites.
They "spent their loans", but the money still exists somewhere.
Mechness 5 months ago
@Mechness You're wrong. The money has been wasted on useless bureacrats and corrupted government spending on prestige projects, unnecessary infrastructure and welfare payments that were spent on booze and cigarettes. The money is gone or in the hands of the few people who still work. I'm guessing you're proposing communism and taxing everybody 100%?
NietzscheanMan 5 months ago
@NietzscheanMan Haha, you're funny!
Money doesn't disappear when it's spent. Someone else just gets it and it keeps their business going. No big deal.
Mechness 5 months ago
Brilliant!.....funny but sadly true.
Neseri2de 5 months ago
they are getting the money from the US Federal Reserve
xadam2dudex 5 months ago
Fantastic! Very funny! And they've hit the nail on the head too!
Shoobylooby 5 months ago
IMO Europe cannot fail at any cost, no money can buy the peace we have today, European leaders should grow some real backbone and defend the union whatever the cost. The 2 world wars, the worst conflicts in the history of humanity started in Europe. Europeans are capable of killing each other in an immense scale, no money can buy peace and save countless millions of lives.
ntt688 5 months ago
@ntt688 Are you saying Europe *can* not fail or it *must* not fail?
What do they need to defend it against?
Why do you single out the Europeans' ability to kill each other? Are you saying they're more murderous than any other people?
Why do you say that money can't buy peace?
Why do you say that money can't save lives?
Why do you slpice multiple sentences together with a comma?
Enquiring minds want to know!
OakAged72 4 months ago
Comment removed
ntt688 4 months ago
@ntt688 Thanks so much for your answers to none of my questions. But never mind! I no longer suspect you're able to provide a cohesive argument in support of any of your random statements or implications.
OakAged72 4 months ago
@OakAged72 why are you so interested in my opinion? There are ~165 comments and you decide to focus on mine, ridiculous. My statements were not random, but, as I am Portuguese, maybe my english is not that good, hence some of the questions you make may be due to that.
Maybe my ponctuation is wrong, jeez! I just felt like writing something and I wrote that. I know I did not answer your questions, but you seem intelligent as all enquiring minds usually are, so you figure it out yourself.
ntt688 4 months ago
@ntt688 Right, most people read 165 comments before replying to any they've read. That's ridiculous. I ready a few, found yours strange and objectionable, asked what you meant. Also ridiculous is the idea that intelligence allows one to figure out what someone means when they post non sequiters - such as accusing people in a particular geographic region of being more murderous than others in response to a financial article. But again, never mind. I no longer care what you were thinking.
OakAged72 4 months ago
@OakAged72 You certainly are fast at drawing the wrong conclusions from my comment. And also thanks for not caring anymore for what I was thinking, as it was really not important at all. Just a random comment from a random person in the midst of millions that are posted every second on the inter-tubes......
ntt688 4 months ago
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i am from israel. i am afraid of turkey. because turkey is stronger than us. please dont leave israel alone against turkey. please help us. TURKEY WILL SHOOT TO ISRAEL 2 MONHS LATER. AMAERICA MUST HELP US OR WE (THE JEWS) WIL FUCK YOUR ECOMOMY.
saylikubac 5 months ago
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@saylikubac
"i am from israel. i am afraid of turkey. because turkey is stronger than us. please dont leave israel alone against turkey."
Turkey is not stronger than you. It might have a larger army but it doesn't have nuclear weapons.
CRAPCANNONS 5 months ago
SELL EVERYTHING IMMEDIATLY! QUICKLY!! Best financial advise I have heard in a while, I think I will follow his advice too!
angelmtza 6 months ago
So true. Sad but true.
909830 6 months ago
Nice and funny. But it tries to skip over the facts. The bailouts can be explained.
SandipDev 6 months ago
@SandipDev Yes it can be easily explained: They don't bailout the countries, actually they are bailing out the banksters!
angelmtza 5 months ago
@angelmtza well I dont consider rhetoric as explanation.
SandipDev 5 months ago
@SandipDev Any ideas?
angelmtza 5 months ago
@angelmtza I wrote a small 25 page paper on bank recapitalization in US and EU. Might be a good start... wanna read? ;-)
SandipDev 5 months ago
@SandipDev Why not, I'm always open to new ideas as long as they are good. Bring them on please!
angelmtza 5 months ago
@angelmtza here is the link goo[dot]gl[slash]5uVnJ It talks about the recapitalization process (aka bailout) of global banks from 2008 to 2011. I covered US mostly and talked a little about EU.
SandipDev 5 months ago
@angelmtza And I should warn you. The paper is academic in nature. No rhetoric whatsoever.
SandipDev 5 months ago
what he says at 0:16 ?
Since the war, been a bit ???
ThaWestcoastDon 6 months ago
@ThaWestcoastDon "... been a bit quiet."
SLTe 6 months ago
The Chinese should learn to do one thing: to execute 80 million communist party members:-)
gewangew 6 months ago
Well done!
Just think of the (privately owned) US-FED they printed over 2 Trillion Dollars "lending" them also to european Central Banks. Banks are "bailing out" the Euro (who was originally forbidden to bail out). Most of the "Bail-Out"-Money returns to the Banks to pay back interest/credit but is NOPT used for the people/economy of these countries!
Now think a little WHO is more and more owning european countries...
HousekaterClaudio 6 months ago
love it
naturecollision 6 months ago
Tooo Funny!
LoonyVision 6 months ago
@ClarkeAndDawe: This gag is so great that I've subtitled it to Spanish, as you can see in my profile. If there is any problem with it, please let me know.
Cantpeq 7 months ago
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Without the truth, there can be no real morality, justice, equality, success, freedom, love, security, peace, spirituality or even survival. If you are seeking the truth, search "Truth Contest" in Google, then open The Present on the homepage and read what it says.
DemianHermann 7 months ago
Spain owes Italy $41b, and Italy owes Spain $27b - but neither can pay the other back because their both broke..
If only there was a way.. *rubs chin*
bennykeane 7 months ago
sure australian got a nice sense of humor. I'm enjoying it even though i moved here for only like 1 year.
danykurniawan12345 7 months ago
I really like this kind of humor. Wish they did it more here in the states.
rhetttr0 7 months ago
Sell everything immediately...quickly
Hahahahahahaha
godlovesugly208 7 months ago
The begininning of the end was the euro.
Francesko263 7 months ago
finally i understand!
LiberaLib 7 months ago
WTF? HAHA.
sneakymario 7 months ago
The media will have you believe that the financial struggle is between countries while in actual fact it's between privately owned transnational corporate entities and people in general, 'follow the money' from the time you spend it on fuel or groceries and see where that money goes and you see who the real winners are in the system.
pearlsfortheswines 8 months ago
@pearlsfortheswines
Banks are the winners. Even if they make a loss one year the employees still get their bonuses
MyStIcTrE3 7 months ago
@MyStIcTrE3 Actually no. A huge component of a trader's salary is variable and based on what he makes at the market. So if you fail to perform repeatedly, not only is ur salary lower, you will be very soon shown the door. I know quite a few ppl working at HKEX, LSE, NYSE, BSE
SandipDev 5 months ago
Because it's OWNED BY CHINA..... correct!
Xaphirezst 8 months ago 51
I ask a Greek "What's the capital of Greece?" He said Athens of course. I said "No, it's minus 7 Billion Euro". They don't seem to get the point that to get money out of something, you \need to have put in money in the first place.
verziehen 8 months ago
There's no point and arguing over this haha
The monetary system simply cannot work in these times all ''economies'' are doomed
Just have a laugh at these awesome vids
AfroBotSays 8 months ago
and after this, somebody actually dares talk back to us when we finns are going "err.. no?"
somberlight 8 months ago
I needed a good laugh after class today and this did the job. A sad state we are in, but ya gotta be able to laugh at it. What else can you do?
toriinprogress 8 months ago
no more money in the western world... time to earn our money in the east.
karatsu21 8 months ago
Yeah but who do they owe it all TO?
BINKIE2000 8 months ago
@BINKIE2000 They owe it to each other's central banks, business, funds etc. Governments are not the only buyers of other govt bonds.
SandipDev 5 months ago
@BINKIE2000 In fact, even citizens of Spain can hold govt bonds of Spain.
SandipDev 5 months ago
Best Australian export since death and sand.
quinnthalas 9 months ago
'Because it's owned by China!' LOLOLOLOLOLOLOL!!!!!!!
unitednerdsbeproud 9 months ago
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joke or not, the world is in a mess.
8888jules 9 months ago
a self supporting government is one who knows how the economy of their part of the world works, and uses this political business sense to have a self supporting government by minimising interactions with other countries to gain independence, things like fashion, or even pins and buttons would be an example, a government who does not rely on taxes, and has rental caps is going to have less desperate people breaking the rules to feed and clothe their families, tax alcohol
ImcallingJapan 9 months ago
a self supporting government is one who knows how the economy of their part of the world works, and uses this political business sense to have a self supporting government by minimising interactions with other countries to gain independence, things like fashion, or even pins and buttons would be an example, a government who does not rely on taxes, and has rental caps is going to have less desperate people breaking the rules to feed and clothe their families, tax alcohol
ImcallingJapan 9 months ago
Ron Paul 2012!!! If someone is going to play god with our economy, I'd rather it be him that Bernanke!!
AroundSun 10 months ago
@AroundSun But being an extreme libertarian, Ron Paul would actually be playing "no god" with the money, wouldn't he?
Brettah31 9 months ago
@Brettah31 That is correct. Because there wouldn't be that much money!!!!
"The more money the government has, the less the people have."
True story
AroundSun 9 months ago
@AroundSun Unless of course they're spending it on welfare.
Brettah31 9 months ago
@Brettah31 Then it is misallocated and spent inefficiently. Sooner or later you will run out of someone elses money. Its sad that the world debt outstrips world production. Liberals advocate a bailout, from Mars.....So we can sustain this unsustainable system.
AroundSun 9 months ago
@AroundSun Australia has one of the highest levels of state welfare, aimed at poverty alleviation, yet we have the lowest foreign debt out of the developed world. If you can support people well enough so that they can be retrained and re-educated, then they can re-join the work force as productive individuals. If you don't regulate how the welfare dollars are spent THEN its a waste.
As far as bailouts are concerned, if your induestries actually had regulations, they wouldn't need bailing out.
Brettah31 9 months ago
@Brettah31 "if your induestries actually had regulations, they wouldn't need bailing out."...Liberals are so braindead I don't even know where to begin anymore......
AroundSun 9 months ago
@AroundSun By "Liberals" do you mean the left side of politics? Cuz I'm on the conservative side of politics in my country. The difference is that we acknowlede that sometimes a bit of regulation is required.
Our economy survived the financial crisis and yours didn't. Nuff said.
Brettah31 9 months ago
@AroundSun Actually, I'm on the conservative side of politics in my country. I do believe in having a small public sector, but there is nothing stupid about regulation, otherwise, what's the point in even having a government?
Heres a novel idea: How about you put a ban on banks giving loans to people who can't possibly pay them back? That might be some good regulation.
My country survived the global financial crisis that your country caused. Nuff said.
Brettah31 9 months ago
@Brettah31 Thats not a regulation thats an idea that is hard to implement. Whats even funnier is that it wasnt a lack of regulation, it was TOO MANY regulations. With a central bank, the system doesnt work if money isnt worth anything. The REGULATION was to print money so these investment firms could go out and leverage it up. It was to force these banks to give unqualified applicants cheap loans through easy money in the name of social justice. Your country survived? What country sir??
AroundSun 9 months ago
@AroundSun lol, that's an interesting view of the situation. Haven't heard that one before.
You could look at my profile to ascertain what country I'm from (as I did with you), but Americans aren't known for being thorough in their research, I guess. I'm from the country that produced the video we're both commenting on.
Brettah31 9 months ago
@Brettah31 Havent heard that one before? Well stop living under a rock you fucking idiot. You show your blatant misunderstanding of economics and finance with your idiotic statements. Just stop talking. Youre central bank didn't print trillions of dollars out of thin air, thats why you didn't have a problem.
AroundSun 8 months ago
@Brettah31 "Americans aren't known for being thorough in their research, I guess. I'm from the country that produced the video we're both commenting on." Well thats just fucking hillarious then! Because YOU don't understand the GOD DAMN VIDEO LOL!! The whole freaking point of it is that deficit spending and quantitative easing is going to destroy the world! God you are braindead. With the highest GDP in the world I would say Americans ARE in fact known for their research LOL. NASA??
AroundSun 8 months ago
@AroundSun Not a fan of NASA? Are you seriously suggesting that NASA is a bad idea?
America&