Nouriel Roubini: 'Perfect Storm' Coming for Global Economy in 2013

[f0revern0ty0urs2]

botox lip

[wrighjac]

Ron Paul 2012!

[peterjol]

the world needs a Resource Based Economic system...the same .as being advocated by the Zeitgeist movement and the Venus Project.

[kennjohnsen]

@peterjol

Ahhh.....Zeitgeist, the collectivistic manipulators, and their fractional reserve banks.

[1662gmail]

To blueboy2500, This video has nothing to do with capitalism/communism. If you want to learn about economics check out Dr. Micheal Hudson, Dr. William Black and Allen Brown.

[larrybonner1]

he can't predict 3 months into the future, never mind 3 years...

[rotagen5]

Yeah whatever Goldman Sachs wants to happen will happen. The euro was a planned scam for these scummies to take over countries directly, tired of bribing the puppet politicians I guess. She probably is married to a scumbag but damn she is gorgeous.

[Deathrape2001]

@TheSpeckofdust Is she still married to a jew bankster? & where did you find this information on who she has sex with? Or is it 'secrets of your inner cicrle' ? =)) As in, you are inventing lies to entertain yourself?  I do adore the video of her interview where she talks about how she 'worked' 9 months free learning the broadcasting job (blowing jews?) to get work as an anchor, then tells others they should only work 7 months, and doesn't mention the importance of suking lots of jew cok

[Deathrape2001]

@TheSpeckofdust Where did you find this information that who she sleeps with and the jew banksters she has blown? I am very curious to read more about it! =D Does she have any pornos of herself humping these fat ugly rich men?? She is very beautiful - even better when younger. I suspect she is Romanian. They are all prostitutes.

[0r14n583lt]

@TheSpeckofdust, is she ahead of you? Is it a close race?

[peopledick]

An actual STARGATE/PORTAL-THING was caught on film in New Mexico. The footage can be found within the short-film entitled "SUDDEN PORTHOLE", which is parked at the PROJECT CAMELOT YouTube page (it's under the George Noory video).

I'm not selling anything…I'm just trying to spread the word about the unseen-dimensions we find ourselves embedded in.

My BLOG contains peripheral data regarding the movie and is where I reply to the "debunkers" (use search words "SAM ZURICK" & "BLOG"). THANKS!!

[chowder261]

There were thousands of well respected economists throughtout the world and 99.9% of them did not see or predict the financial collapse. Roubini predicted ithe collapse and its cause to a tee and he's been right on almost everything since the collapse. His nickname was 'Dr. Doom' because the financial sector is tone deaf to 'bad news' but this guy had the balls and fortitude to continue to state his opinions (and didn't t rely on outdated models) which turned out to be highly prescient.

[bluesboy25000]

I'm new to economics but wasn't Roubini right about this crash?

[Urs1a]

@bluesboy25000 yes he was

[pretorious700]

@bluesboy25000 Roubini is a statist mouthpiece and doesn't deserve serious consideration.

[nrekk]

@pretorious700 it is comments like this that don't deserve consideration, ffs... Discrediting someone based on idunnowhat instead of judging what he actually said

[Rustyshackleford08]

This guy is wrong, a lot, as for stimulus who is going to pay the even bigger debt after? When you have free trade/globalization/offshoring no amount of stimulus will work.

[mrzack888]

The world needs a new economic policy not based on outdated capitalism/communism outdated model. everything being taught in school now a days are outdated. The technology is outdated, the monetary fiscal policies are outdated, America's infrastructure is outdated, the tax system is outdated, the education system is outdated, the laptop that i'm typing on, which i bought a year ago, is also outdated. did i mention that the economic advice these jokers are giving are outdated?

[pretorious700]

@mrzack888 your assertions are outdated..and "advice" is singular, so that would be "is" outdated.

[thane17]

Roubinin's economic plan of fiscal stimulus while raising taxes and cutting spending is a wash lol I dont know what this guy is smoking. He can't have it both ways. It doesn't matter how the government injects liquidity into the system, it all leads to resource misallocation and inflation.

[thane17]

Roubinin's economic plan of fiscal stimulus while raising taxes and cutting spending is a wash lol I dont know what this guy is smoking.

[Photog60]

To read that Bush cut taxes to to increase revenue (taxes) shows that the Republican lie machine is still in high gear. We had a surplus that could have been applied to lowering the debt, instead it was given away mostly to the rich. Then we had 9/11 and two wars (Afghanistan and Iraq) started without any way to pay for them. finally bush cut taxes again. You are seeing the results of these actions. He drove us over a cliff. We put in a new driver but we need new tax revenue and mil cuts.

[63muhammad]

Listen to Buffett not this cockroach

[Rustyshackleford08]

@63muhammad

Buffet invested in B OF A...not a good move. He is also an insider who gets sweetheart deals..so he can do what is dangerous for you to do .

[63muhammad]

@Rustyshackleford08

you can also get good deals if you only want 6% interest a year. Go and buy corporate bonds for 7% yield like Ford or 10% yield like Dean Food.this man said cash is king right now, it is stupid because if you have cash, at the end of the year you will certainly lose money with this inflation. Please think

[d000dez]

@Rustyshackleford08 Exactly. Buffett is trying to go out as being another JP Morgan. He's not even close, and if he tries too hard, he'll sink his company.

[robertk1968]

Ha ha ha ha, what a laugh !! Both presenter and Rounini are indeed smoking pot and a bit of lsd also I fear. We are all going down by design folks this is the agenda, now strip the the middle class of their remaining wealth and then its a nice flat road to tyranny and whos in charge? Why its the corporate arm of the NWO i.e. the US congress. How to get rid? Get of corporate PERSONHOOD, then we might get decent politicions, but until that day, if ever, we are all right on their target. Wake Up !!

[pjbbae]

Thumbs up if you think that lady is overrated and she has a terrible accent from sucking c*ck to get there.

[blackraider777]

let me guess, Nouriel Roubini is a jew?

[ferroxian]

@blackraider777

Mr. Roubini is an AMERICAN, born to, get this, IRANIAN jewish parents...he is an Iranian and a Jew and an American. Ooooh, wow, wowwy, ooooh, yea...wow! Seeing as he had no choice as to where or to whom he was born, he decided to EDUCATE himself, learn about money but stay out of politics.

[blackraider777]

@ferroxian poor little jew, such a sad story

[kennjohnsen]

@ferroxian

He is an Italian.

[kennjohnsen]

@ferroxian

Just checked, he is a Turk, sorry.

[kennjohnsen]

@ferroxian

Man, he is a Jew, born of Iranian Jews, born in Turkey, grew up in Italy, Now in the US, like so many other Jews.

[ShoppingIdiot]

wow! I clicked on that link above socyberty..and was accousted by 5 different advertisements at once and was automatically connected to some video.

don't appreciate it.

I hope I did not get any malware on my computer.

[ShoppingIdiot]

Roubini is right. Austerity without taxes and stimulus will give us a fiscal train wreck 2013(deep recession,) The Congress and it's 100% austerity and NO TAXES for the wealthy - is definitely the wrong way to go.

Austerity means laying off 10,000's more people from public and private sectors, less money in paychecks, less money spent into the economy - & DOES NOT MAKE A DENT in the DEBT.

Nobody is trying to take away Rich peoples money - just to make them pay the same % tax others pay.

[btaylor9661]

Back when Ross Perot was running for President he was talking about a giant sucking sound and it was that trade agreement which allowed all the jobs to leave the country. Bush cut taxes for the purpose of getting more tax revenue and it worked but that can only work so long. Government probme is when they get more revenue they always overspend it and then need more. Bush went liberal to get more things he wanted to fight wars and both parties voted yes to get what they want. Thanks for be civil.

[pn2543]

roubini has the straight dope, capitalism is imploding just like karl marx predicted, republicon tea baggers are too dumb to even run a hot dog stand and are driving us into great depression #3

[pann54]

@pn2543 rounini is smoking pot,socialism is imploding just as karl marx wanted it to.the only reson why the word is still on its feet is bcoz of remaining capitalism.once it ends consider the end of all things.

great depression is being caused by government intervention in free markets just like in 1930's great depression.its so sad history is repeating itself.

[Warzoooooo]

@pann54 Yeah, it is actually some what funny that knowledge in math, physics, chemistry, building engineering and so forth can be passed on from generation to generation. They doesn't seem to have to repeat past mistakes. But when we get to politics and economic, the same mistakes seems to be repeated with just a few generations in between.

[german692]

Is true we need more stimulus in the short term and cut speeding in the medium and long term. We have to increase taxes even if the republican opposes. Thanks to Bush for two wars and the tax cut to the richs.

[WeAreYourMaker]

@pann54

Yeah Socialism is disgusting and we should devalue human life because being wealthy is more important.

I agree entiregodieinahole.

[kennjohnsen]

@WeAreYourMaker

You socialist punks seem to like wealth very much, just that you don't like to work for your own wealth, but steal it.

[WeAreYourMaker]

@kennjohnsen Well it's good to see that the assumptions are flowing. I have a job, and I am studying to be a psychologist; I am not doing a flowery arts subject. Furthermore, last I checked taxation wasn't illegal. I don't suppose--

Just checked your profile to see if you put your age up. I think I've wasted enough time typing already.

[kennjohnsen]

@WeAreYourMaker

I think I wasted my time reading, your comment saying nothing.

[WeAreYourMaker]

@kennjohnsen Well yours didn't really either, did it? You called socialists theives, even though the money used by countries with socialist practices (being every Western democracy) garners those funds from taxation, and thats about it. And your profile; it says a lot. People seem to universally be confused or humoured by your, for want of a better word, poor arguments or statements.

I'll induldge in a little name calling to balance it out; Pure capitalists, like yourself, are pigs.

[kennjohnsen]

@WeAreYourMaker

You have a mind of a thieve, and taxation is robbery, it's your low-lifes way of doing business, and you play dumb, in your arguing.

[WeAreYourMaker]

@kennjohnsen Taxation is thievery? Look around you, all that infrastructure is the product of taxation. No tax, freely available infrastructure. No tax, no subsidies (which I might add is currently floating the US Agriculture market, because trust me, the Asians can do it so, so much cheaper). And what about the bailouts? How many thousands of American jobs were saved in the Auto and Financial industries? That money may have been borrowed, but I know how it'll be paid back. Tax.

[kennjohnsen]

@WeAreYourMaker

Subsidies cost jobs, it prevent restructuring. The money might be paid back, but that's in inflated dollar, look around you, your statism is falling apart.

[WeAreYourMaker]

@kennjohnsen And before you jump the gun, and say that that is the precise problem, stop. Being a capitalist, I'm sure you understand that in a truly capitalist market, the government would not have granted subsidies and simply told it's population to be creative and innovate. I'll tell you now that the Real Estate and Financial markets did that, look where we are now. And should Americans fail to innovate in that circumstance, America would have shit all demand for non-essentials.

[kennjohnsen]

@WeAreYourMaker

That's right, in a truly free marked system no body would be subsidized. The reason your society is falling apart is not the free marked, but the falling of statism.

[WeAreYourMaker]

Thats entirely illogical, congratulations. Subsidies support industries that are failing. Literal fact. So you can drop the 'jobs lost thing', and you can only outsource so much to China before your industry simply ceases to exist within the US, so much for 'restructuring'.

But lets indulge your notions. Say we remove subsidies on American corn. The price for American corn doubles, it becomes far less competitive. Mexican corn is now cheaper. American corn market declines.

[kennjohnsen]

@WeAreYourMaker

Subsidies is a distortion of the market, and keep the subsidised industry to decline, there are plenty of example of that ( Greek is one ) It is a way for the Government to be in control. If the cost of corn production is to high, they must restructuring and bring down the cost, other than live on subsidies, it's a much more efficient way to produce.

[WeAreYourMaker]

@kennjohnsen Oh of course, by supporting an otherwise uncompetitive industry we are in fact reducing the competitive state of that industry. Yeah, I can see how you came to that conclusion. Of course the government wants to be in control, otherwise the unemployment rate would be sky high and chain reaction would ruin the US' investment portfolio. You paid no heed to my Corn scenario, and in such continue to give no real explanation as to how 'restructuring' could possibly work.

[kennjohnsen]

@WeAreYourMaker

That's right, you said it yourself first in your post. Don't you think 22,5 % is a sky high unemployment ?

[WeAreYourMaker]

@kennjohnsen Oh sure, it's high. And the rest of the world? Hows employment in other countries with socialist practices circa 2011? Germany; 5.5%. UK; 8.7%. Sweden; 7.7%. As far as I'm aware they're all have elements of socialism in their economies. I think what you need to be looking at is the competitive nature of an industry pertaining to a country; that defines the success of that industry and the ability to allow for a greater number of jobs. And now, answer my question below.

[kennjohnsen]

@WeAreYourMaker

These numbers are cooked just like in the US, every nation in Europe is bankrupt, it's just a question about time before they all collapse. There is claims that the English debt is 1000 % of GDP, because of their financial sector ( London )

Corporations is not capitalism, rather it's fascism. And yes white-collar people like socialism, they are the one benefitting from the enlarged state.....it's not blue-collar their get the good administrative jobs, is it.

[WeAreYourMaker]

@kennjohnsen I take it you mean the entire Greek economy, since you fail to mention any specific industry within Greece. In which case; you'd rather Greece default on it's debts? Extreme austerity, maybe? What solution is there?

[kennjohnsen]

@WeAreYourMaker

The entire Greek economy need to be restructered, from a state planned to a freer/free economy, and like anyone else there got himself in debt to over his head, Greek need a debt relief. If I was a Greek, and was the leader, I would declare Greek in receivership, just as a corporation, and take it from there. There are no other solution, the white-collar elites solution of more debt, is not a solution. But that's what the whole system is built on.

[WeAreYourMaker]

@kennjohnsen Restructured, restructured, restructured. You love that word. Tell me, how would a 'freer' Greek economy be any more successful than this planned one? Abolition of the minimum wage, maybe? Less OH&S laws, so that spending can be cut? What would you 'restructure'? This is what you mean right? Less government intervention, more profits for corporations, after all; that is capitalism.

And your 'white collar elites'; I doubt they're socialist.

[kennjohnsen]

@WeAreYourMaker

Restructure is always the solution, private or state...society. That's right, individuals right to produce, deliver service to a marked, and for individuals right to choose product and service from the marked. Cruise ships avoid the Greeks Islands because it's to troublesome, too many permits. People import vegetables from Holland, because it's to troublesome/expensive to cross the Greek Islands, because each truck needs a permit.

[Deathrape2001]

I think Maria is real pretty - or was, but she spends her life suking jew cok =P

[btaylor9661]

Roubini blames all of this on Bush I hear including the banking problem from a bill signed by Clinton in his closing days in office(look to NY Times article Sept. 30 1999 FHA, Google it please). Then US was attacked Sept 11 2001 and all hell broke loose in this country and money had to be spent with Homeland security. The problems where coming and had to be dealt with. Bush was certainly not perfect but this is not all his fault either. Obama is not all to blame either but lay some there.

[1978Autodidact]

@btaylor9661 You have to admit, all policies- from seriously cutting taxes on the rich, getting us into a few foreign wars, a medicare d plan that there was never a plan to pay for, those were all Bush policies, starting from Clinton's surplus. You look at any chart about deficit increase and that's what Obama inherited. Eight years of fiscal irresponsibility. Now I don't think Obama has done what he should to figure this out, but the #s don't lie and that's what Roubini is talking about.

[masterpatric07]

ROUBINI IS PART OF THE ELITE.CLAIMING FOR MORE EXPANSION OF THE CURRENCY,BESIDES HE WAS PART OF THE COUNCIL WORKING FOR THE WHITEHOUSE!WHAT AN ASSHOLE.

[Gump902]

Inspector Closeau, or closetJew... Did he say "Fiscal Drug"? Stupid fucking morons...

[BemusedTIger]

roubini = stupid keynsian jew

[fisherman1955]

Sofia Lorren eyes