Economic collapse in the Western nations-On the Edge with Max Keiser-01-27-2012

[Warzoooooo]

M. Hudson is a typical keynsian, that has never even read what austrian economic is all about. First of all austrianeconomic followers does not hate govt. they just hate govt. spending. But they are usually very eager to say that govt. role is to protect the individual, regardless of how many that want to make that individual harm. Second he says austrians whats to deregulate banks, but thats not the truth, it is deregulation of the market, not only one special interest in the market.

[jimlovesgina]

That isn't how I view libertarianism at all. I was thinking free markets but with rules against one person negatively effecting another persons property. The gun analogy would violate property rights and be punishable. Also, a limited government that punishes people if found to be guilty of breaking the rules. If the government has no power to give to anyone, then it cannot be corrupted. Am I way off with this thinking? I am a bit puzzled.

[jimlovesgina]

@jimlovesgina Never mind. I heard libertarianism when he said Austrian economics.

[AngeloKoukoumis]

i read a lot of austrian economics and i also read keynesian so i can read both sides of the argument.... I never saw or heard once in austrain economics that the austrians want the banks in charge... THIS IS TOTALLY FALSE. i like michaels hudsons view on things, but he may be wrong on this one... especially on gold... austrians want gold domestic and internationally, its the only currency... i was shocked when he said this.. i dont know where he got his information from

[phliperphil]

the american fed and its military is going it's biggest downfall..the criminals on wall street are eventualy going to get hunted down like thre festering criminals they are and they wont get any pitty out of me when they get what they totaly deserve.. and then like this man says things can get back to some kind of nomality .. Oh also RON PAUL 2012

[nayanmalig]

gold forces countries to behave & not to go to war. right. as good as gold.

[43894674126438564036]

@mrzack888 Vote them out then. Has it occurred to you that voting for NO government has never been on the ballot.

[Garyscott7]

Always the capitalist. Now I have to watch a crummy, stupid, corporate AT&T commercial.

[43894674126438564036]

The only reason Austrian gold is for domestic use is because the governments won't let their slaves interact with other countries slaves. If the government didn't exist Austrian gold would be international and utopian.

[COUNTCARDULAR]

proving austrians are in fact the new world order on steroids. the usa was founded to escape exactly what ron paul espouses. his anti war stance is great but his austrian fascist ecenomics is clap trap

[dfg93353]

@WallStForMainSt and that's the problem with you Austrians. You paint EVERYTHINGnthat isn't Austrian in a wide brush and condescendingly dismiss it as socialist and statist. You have a one dimensional perspective on economics. What is conventionally known as Keynsianism has ABSOLUTELY NOTHING to do with MMT. You all wouldn't know that because you never take the time to read into other schools of economics. You just read that Austrian junk like it's the bible.

[Bblackjackk]

Question after reading posts below.

More Government= Corruption

Less Government= Corruption

So WTF are we supposed to do?

[bucks100plus]

@Bblackjackk people themselves have to change, its not about and never has been about government. Its about greed, power domination and Usury. An oligarchy, a monarchy, a dictatorship all have the same basic problems. Man killing man for more resources instead of sharing them. Also overpopulation is a crisis with more people living longer and expecting a high standard of living it is hard to maintain. death and violence are part of human nature and in a sense a necessity.

[Bblackjackk]

"funny" Austrian economics.....

well what we are doing now is sure working well.

Is OWS comes out as a BIG Government group,,,,,

they lose their strength.....please reconsider....

GET THE MONEY OUT OF GOVERNMENT...SHOULD BE THE FOCUS...

[Crashbanksbuysilver]

Banks would have disappeared under Ron Paul, no bailouts.

[2012goingNutz]

blah blah blah, they own the markets, you think the investors control the price of Gold? You morons! They can say one day money is worth more and the next day Gold, they win and you lose if you invest in Gold. Who can afford gold anyways? If you can afford it , you don't need it.

[pkpapers]

Wonderful. Kucinich's progressivism will continue the culture of mass parental kidnappings by priveledged the sex, mass arrests of innocent men on false abuse and rape accussations, job discrimination against men, and mass drugging of boys with poisonous crippling psychotropic drugs by the "helpers" and in family court, "educators" in the UNESCO-controlled public cesspool schools, and the "experts" in psychiatry. No thanks.

[2012goingNutz]

@pkpapers You sound like a brain washed twit! Seriously. You got no money and you listen to this jerk off? He is a multi millionaire. He hopes you will buy gold and ammo and push his stocks up. Don't be such a dope.

[mrzack888]

another great economists that does the CORRECT analysis would be Steve Keen . people, don't waste your time on Asstrian economics analysis of the current situation, cuz they are one dimensional and very limited in looking at the whole picture.

[mrzack888]

Hudson speaks some sense. Libertarian economics are nuts. They think privatizing everything will prevent corruption, ha. We have heavy govt intervention in private corporations NOW, and there's STILL corruption, what makes those Austrian nut jobs think deregulating will make corruption less??? hey, at least with govt, we can vote them out, with corporations it's much harder.

[grecorivera941]

@mrzack888 You vote them out and the next one gets bought and changes or creates new regulations. At least with no regulations intelligent and humble people could get out of the way of nefarious money changers. When the government is in control you can't even get out of the way.

[shoeupon67]

NEWS -. BANK RUN -TRINIDAD AND TOBAGO.CARIBBEAN. WEST INDIES, REPUBLIC , ROYAL , FIRST CITIZEN and SCOTIABANK . Customers are simultaneously closing their accounts fearing imminent bankruptcy and insolvency. Already collapsed in the same countries are two large financial banking institutions CLICO and HCU. [ Global News Network ]--

[WallStForMainSt]

Michael Hudson really does not understand anything about the Austrian School of Economics. If he knew anything credible about it, he would not associate the Austrian School and central planning! He thinks we want JP Morgan to be our central planners? Oh really? Capital formation for lending would occur through savings and people could loan w/out banks and fractional reserve lending. Austrians want things heavily decentralized. He also has the wrong idea about the Austrian view on Gold as money.

[ApocalypticAang]

@WallStForMainSt If you knew anything about Michael Hudson, you would know that

1) having big or unchecked industries, corporations, governments, etc. will result in "central planning" by WHOEVER has the power.

2) all real world economies are "mixed economies"-- govts, markets and people counter-check each other.

People like Michael Hudson, Steve Keen and Max Keiser don't care about schools or "isms", and are happy to talk about whatever works-- even if they disagree with each other.

[grecorivera941]

@WallStForMainSt Or he understands it just fine and just chooses to discredit it because he fears freedom!

[phliperphil]

@grecorivera941 come on ....what are you stupid???

[ianpennack]

Personal and corporate wealth needs to be limited. No more property portfolio's of any kind. Everybody can own one house to live in and commercial properties directly concerned with a business. You own a farm, you work it. No private banks, just cooperative, non usury institutions. Wall st is crushing America, its now time to crush wall st.

[natritious1]

The criminals are mainly the government and the crony capitalists who suckle at the government tit. Austrian economics will save America, this guy is just another big government regulation loving fear-monger

[natritious1]

@natritious1 also, bankers and the government don't like hard money because it forces them to live within their means, and they choose Keynesian Economics because it "legitimizes" their FRAUD

[chegvra]

Is it even possible for India to use gold in their oil purchases? How many tons per year would they need and is there enough above ground supply to allow for this? And why would they be foolish enough to let go of thier gold?

[1977Melville]

@chegvra. Russia, China, Iran, India are trying to set up some type of gold reserve currency for oil. Cracks are beginning to show in the U.S. dollar reserve currency status. The aforementioned countries are effectively sidestepping the odious sanctions put on Iran by the West.

[MyTube22T]

Great interview! Thanks

[etdias]

I think tha MH is wrong regarding Austrian School and Ron Paul.

1- Ron Paul will not end Social Security

2- He proposes concurrent currencyes. You will be able to use gold and silver in contracts

It will not help the banks i can tell you

[natritious1]

@etdias Bingo! The CURRENT SYSTEM helps the banks... the fraudulent ones.

[WhatsReallyGoingOnUS]

@etdias I think RP wants to phase out Social Security. He says he will not cut off those who have become dependant, but he wants to phase out all welfare, starting with corporate welfare. But I agree, MH is dead wrong concerning the Austrian school, and about RP's financial support and downstream campaign. He's in it to win.

Also, the comments made in this video about "moral capitalism" are straight out of Atlas Shrugged. Freightening stuff.

[TheMystic2100]

@etdias Exactly Gold and Silver back as currency would strip the power from the Banksters as it is the fiat debt based fractional reserve currency that empowers them as they can create as much currency as they need to control the world. 

[InvisibleDiary]

@TheMystic2100 How so? Gold & Silver are finite sources and who else BUT the rich would hold the most gold & silver? You really don't think they would coddle their stashes until deflation hits so low that an ounce of it could buy a car or a small home?

[koppellhinex]

CAPITALISM creates ELITE CRIMINALS. BANKERS. DRUG LORDS. INEQUALITY. INSECURITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc. etc.. ☠ ☢ ☠ ☢ ☠ ☢ ☠

CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. LAWYERS. DRUG LORDS. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc..

HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(

[InvisibleDiary]

@etdias Are there any links that support these statements that you're making? Anything that indicates that Ron Paul says he would or wouldn't do the things you listed? If so, please, post it.

[phliperphil]

the almighty US buck is going to HELL

[dfg93353]

Austrian Economics=Crackpot Economics. Beautiful explanation by Dr. Hudson. The Austrians want the "markets" aka the banksters to self regulate?? WTF??? I REEEEALLY want Dr. Hudson to debate Peter Schiff and put him and his Austrian hogwash to shame!

[WallStForMainSt]

@dfg93353- The banksters are not the markets. They are protected by the politicians in DC and the regulators. I suppose you are Keynesian/MMT. With your Keynesian and MMT meddling, the once productive private sectors of many economies will continue to have worsening stagflation if governments and central banks intervene eventually leading to a crack up boom in a few years. If the central banks stop the interventionism, we have a deflationary depression. Depression either way.

[idahosilverspelunker]

I wish people would stop all this "Macro-Economics" talk and wringing of hands. Someone must point out how we can get the money down to the man on the street! Solutions!

[vh8282]

I think OWS protesters should do what they did with citibank when they got out all their money out. In the same way, more protesters should invest in gold to stop the U.S petrodollar's influence in causing all these income inequalities and the wars.

[MassesVclasses]

That music must go!

[vh8282]

As long as Obama's in office, OWS protestors will not be mad enough to stand up against corporate greed. If only we had some of the Arab Spring protesters could come to the U.S. and teach them a few thing or two on fighting for their future.

[odin422]

HUDSON=DIPSHIT

[koppellhinex]

╭∩╮（⃕‿⃕）╭∩╮➔ CAPITALISM & COMMUNISM not EQUAL..!!!

DRUGLORDS+GOVERNMENT is COUNTERFEITING MONEY for SLAVERY.!!

BANKERS & DRUGLORDS screwed life & society in human history.

BURN DRUG LORDS ALIVE & OCCUPY THE WORLD.!!

CAPITALISM = NO REAL FREEDOM. WORLDS FAKE ECONOMY.

fight for LAST DROP BLOOD for MONEY & POWER = OPPORTUNIST MANIPULATIVE REALM LANDLORD GRABBER PIG ROYAL LAZY FAMILY.

HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(

[33iknow]

Gotta love saturdays with a double dose of Max Keiser!

[geebus80]

Make sure you watch your pressTV videos Max!

I like pressTV content and agree with most stances taken by its hosts and guests

BUT

They are draconian and make it pointless to watch the videos cause most need approval to post a comment and when you make a valid non hostile pro Iran comment on their videos they dont bother approving them

This channel gets so few views on its videos because of this unreasonable level of useless comment filtering

Let all comments be posted and moderate the pages

[phliperphil]

@geebus80 you can always make it viral

[koppellhinex]

╭∩╮（⃕‿⃕）╭∩╮➔ CAPITALISM & COMMUNISM not EQUAL

DRUGLORDS+GOVERNMENT is COUNTERFEITING MONEY for SLAVERY.!

BANKERS & DRUGLORDS screwed life & society in human history.

BURN DRUG LORDS ALIVE & OCCUPY THE WORLD.!!

CAPITALISM = NO REAL FREEDOM. WORLDS FAKE ECONOMY.

fight for LAST DROP BLOOD for MONEY & POWER = OPPORTUNIST MANIPULATIVE REALM LANDLORD GRABBER PIG ROYAL LAZY FAMILY.

HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(