The Banker Bailouts - Michel Chossudovsky on Economics 101

[sssssjjjj1]

off with their heads.

[uturniaphobic]

the way I hear it, the banks used and are still using most the bailout money to buy US treasury notes which pays interest on US loans, interest paid with US income tax collections. In other words, they took money from future kids and bought T-notes to have us all pay them interest now. interest now using money from the future...how wild is that?

[3girlsmom]

We are only slaves if money is our master. However we need to to protest like they are around the world and tell our government where we stand as a people! We also need term limits, our government officials aren't working for us!

[NewWorIdKnowing]

Best explanation I ever heard!

[Kalydosos]

I'm not an economist, but why didn't they just bail out American/EU citizens credit card and mortgage debts?Instead of giving it to Banks that are going to kill us all.

[solojam]

lol dudes turrets kicks in around 5:00

[Xproletariatx]

Basically the chickens are coming home to roost. After half a century after Bretton Woods which established the IMF/World Bank and created a system of debt servitude for third world countries where nations were forced to slash social services and wages in return for loan acqusition, now its happening to the US itself. This is why the administration is proposing a spending freeze on anything non-military. They are preserving this corrupt system right off the backs of us.

[ProsperityGlobal]

Its Socialism, Socialism for the Rich!.

[alanbalfe]

Yeah it's kind of like a reverse socialism lol. Instead of taking money from high earners and redistributing it, they're taking money from everyone and giving it to wealthy financial institutions. Oh, yeah and the now increased military expenditures don't help much.

[explorer2101]

@alanbalfe Socialism: "If one understands that socialism is not a share-the-wealth program, but is in reality a method to consolidate & control the wealth, then the seeming paradox of super-rich men promoting socialism becomes no paradox at all. Instead, it becomes logical, even the perfect tool of power-seeking megalomaniacs. Communism or more accurately, socialism, is not a movement of the downtrodden masses, but of the economic elite." Gary Allen (1936-1986) Journalist & Author

[alanbalfe]

Am I to take it that this is your opinion? I don't understand why your quoting Gary Allen at me? Is it because you actually do think that the Obama administration is socialist?

[explorer2101]

@alanbalfe

It was intended to support your comment

Whilst Socialism or Communism may be about sharing the wealth, in application they often become a tool for creating the opposite

Corporate Fascism is often sold as being Socialistic. I do think Obama is a Corporate Fascist

As someone else has remarked, we have chosen to look the other way whilst many countries in the world were enslaved

Whatever one chooses to call it, the same slavery is being incrementally imported to the West

[trakkaton]

@explorer2101

This citation shows the semantic inabilities of the author. The statement is about state capitalism and fascism, not socialism and communism. Socialism is rule by the people to organize life according to everyone's needs. It is participatory. Communism is defined as the absence of property, and no rich fuck will want that.

[ZakBrownrigg123]

This guy is brilliant. He is a teacher at the University of Ottawa which is where I go!! So I might actually get him as a professor!! I highly recommend his book: the Globalization of poverty and the new world order

[CoolDojo9000]

I took many of his classes. Yes, he is a superb professor!

[debtinterest]

just let central bank to print money!

[JRCrowley]

Everything you need to know about the economic situation, right here. In a nutshell, this is the biggest rip-off in modern history.

[abdighazi]

He does not understand the totality of the scam. Behind the banks r private equity such as Peterson;s Blackstone who chaired the Rubin Greenber CFR(Foreign Policy) and Peteerson Inst. (globalization imf policy) and the NY Fed where Geithner worked. so private equity creates the policies of treasury and state-dod, and at the Fed, and supervises the boards of the banks and ibanks. from which they transfer peoples earnings and savings into private equity systemically.

[Xproletariatx]

@abdighazi I dont think that its a or b or c thats worse than the other, or more in control than other (Federal Reserve, Trilateral Commission, CFR, NWO, Niburu, Skull and Bones, Rockefellers, Vampires, the leprecaun, the boogeyman, dogs and cats, that weird mailman with the funny walk, etc). Its the whole capitalist economic system that is inherently unstable, anarchic and incapable of providing the needs for the masses. We have to just overthrow capitalism then things will be better.

[zsparky1]

why is the sound removed?

[3rdUffx3]

it is not, it sounds really fine...

[Lightshammer]

So when are we going to DO something about it? Is it not obvious that the media, pseudo-government and Banks are behind our demise? When are we going to storm their buildings and put these criminals where they belong?

I thought the constitution demanded we protect it from ALL enemies; foreign AND DOMESTIC.

Get rid of the international & wallstreet banksters and all their ilk. Don't stop at a few, get their "BALLS TO THE WALL! C'mon man, lets stand up all o'er the world!!!"---Accept.

[teched246]

how about we just stop cooperating and have anarchy like in the movie "blindness" and from the ashes of anarchy man shall once again gain the heights of wisdom truth as we once did in Atlantis

[alanbalfe]

Atlantis ? is that part of the movie or do you actually believe it exists?

[1Openminded1]

@Lightshammer well said. i'm with you.

[MELISSA84008]

@Lightshammer Wall Street Aristocracy Got $1.2 Trillion in Fed's Secret Loans" blacklistednews(DOT)com/Wall_S­­treet_Aristocracy_Got_%241.2_­T­rillion_in_Fed%27s_Secret_Lo­an­s/15331/0/0/0/Y/M.html

[finefilth]

these banks are cancerous parasites....compound swindling

[WarzSchoolchild]

Searching in Bartlett's Familiar Quotations turned up "To robbe Peter and pay Poule" as an entry in a collection of English "Proverbes" compiled by John Heywood (1497-1580). That doesn't mean that Mr. Heywood originated the saying, only that he wrote it down.

Robbing Peter to pay Paul, is a very old idiom, it's been going on forever!

[finefilth]

The thing about robbing Peter to pay Paul is you can always count on the full support of Paul.

[mcthorogood]

The third largest line item on the U.S. Federal Budget is the cost of interest for servicing the national debt.

[prayfortruejustice]

you tube video

/watch?v=tkejI726PRQ&feature=s­ub

Keynes is the problem

[shortyboy48035]

He's saying we're basically paying off one credit card with another over and over.

[Xproletariatx]

@shortyboy48035 Yeah, and the second credit card that the gov't is using (because the first is maxed out) will come in the form of shutting down schools, libraries, hospitals. Laying off teachers, fireman, policemen. Education and healthcare in general will be less accessible. It's not enough for the government to ask for trillions of dollars in bailouts, now they have to come after our public services. This is why Obama is proposing the 3 year spending freeze on anything non-military.

[Tressco]

This man woke me up to geopolitics with "The Globalization of Poverty and the New World Order" in 2005.

Most excellent forecast!

[Appleriver3]

Yes, very good book

[galikazoid]

i enjoy and appreciate your videos

thank you very much

[tarossi400]

In short, you are a slave and the big banks are your masters.

[siy01]

errrrrr, eerrrmmmm, eeerr.

[gwellyn2]

It's not a cicular process it's theft