Create debt out of thin air, hand it out to everyone who will take it, then reel it in at face value (or more with penalties) and move on to the next mark. It's called our "Systemic Financial System". You know, the one that couldn't fail, or our country would collapse (because we need to continue the borrow - bust cycle). Problem is, after they got their pound of flesh, they put it in cold storage and collapsed the economy.
ECB-EU: New Jobs+Growth plan is a must ,neocon media is selling absurd news that Italy won't be able to be saved because it has to pay 6% for money & other nonsense to feed paranoia and fear, no one is calling these market manipulators what they are : liars working for the gold speculators- bond shorters :criminal organized activity and in collusion with Credit Rating Agencies & Media ( F.Times, CNN, Fox, WSJ, W. Post, BBC World ,etc.) ,solution is JOBS & GROWTH ! financialtools1.blogspot.com
When we talk about World Wide Revolution it's important to know who's at the top of the pyramid we're fighting. Fighting governments does no good when they're controlled by these amoral machines that do nothing but crush the poor and extract wealth upwards.
Translation? Everything republicans believe to be economic gospel has been long ago discarded by conservative economists. When Reagan cut tax rates almost in half he was not expecting to get the $ back through trickle down which was why he had to raise taxes which is why he left his fellow republican, Bush (for once not a democrat) the S&L crisis &, like the past 8 yrs of Bush 43, required a huge "socialist" bailout of private industry and predatory capitalism 4 everyone else.
Some bankers need to go to jail like if they robbed it. In fact the armed robber takes less and only (maybe) once. I don't agree with armed robbery but I also don't agree that banker who rob us.
lol @ TRNN, utterly clueless and lacks in common sense, of course the bond holders want their money back just like everything else, its not thier fault for the government to bail out the banks. However it is the bond holders fault to lend money to the US government so they can spend recklessly. I think if you are stupid enough to lend money to the US government (JUNK rating) then you deserve to loose all your money. afterall the US has $14 Trillion+ of debt and even more in unfunded liabilities.
Holders of US treasury bonds take on the risk, not of default, but of being paid back with dollars worth less and less through inflation and devaluation. It now appears they may face a downgrade risk, almost unthinkable until just a few weeks ago.
@schmoukiz a welfare state certainly isnt viable at the same time as a worldwide military-empire state, a corporate welfare state, and a police state. by the way, every dollar the US spends is borrowed from the Fed, repaid with interest.
well its kind of time to rethink the economic model we currently follow, and rethink how we want our society to be. I noticed a lot of talk about resource based economy. But I do believe capitalism needs to stop as we are exhausting our resources too much. I also believe we cannot revert to feudalism because it will lead to more violence. Its time we see what is important, and what isn't. accumulating paper isn't on my list of priorities.
Okay, but we ARE talking about REAL fiat currencies right?
And the money comes from a fractional reserve bank.
And then is paid into another fractional bank.
So, let me get this straight, it's money that doesn't exist, paid from a bank that doesn't have any money, into another bank of similar repute. Is this the Three Stooges?
Where's the reality in that?
Maybe we should outlaw international finance altogether, and work out a barter system.
(At least it would have one foot in the real world.)
All these country debts, all this money owed. This is a re-structuring of world wealth where most of the money is going to the hands of a few, while the debt is pushed on the rest.
NONE OF THIS IS TRULY A CRISIS. learn about the creation of the Comprehensive annual finance report. The counties,states, & nation, all invest in the companies they give government contracts to. the county states & nation are in surplus. we only see the budget, based on spendatures made by inside investors aka politicians. we dont get to see their annual income,investments, or growth.The surplus is 1000% more than the budget.Soon they own those corporations they invest in,then privatize=monopoly
It's about massively expanding& funding regulatory& the 'federal' police state, monitor your property, health, communications, movements, even your trash
It's about eliminating states rights = all control (federal) directly from White House
It's about economic starvation so local officials will jump to accept federal $ w/ condition
It's about confiscating national assets and handing all nation's sovereignty over to the IMF/UN. (think Greece, Ireland, etc)
Gallagher NOT Gallager as in your intro. He's your guest. Please provide his correct name and details in your intro. Not just at 1:45 in your video clip.
Kevin Gallagher, Associate Professor of International Relations at Boston University. He is a Research Fellow at the Global Development and Environment Institute at Tufts University.
Welfare state is the most Orwellian term in history. Welfare is used to describe public taxes being used for public services, while the exponentially larger corporate welfare of using public taxes to beneift private buisness is not called welfare.
It is the doublethink of our time, using your money to help you is "welfare", it's not necessary to economists. Corporate welfare helps no one, but is essential to economists who view the world through charts and computer numbers.
@youngbuck189 What is a public tax? When the government taxes an individual is the individual not a private person? I do not need the government to use my money to help me. Taxation of the private individual is better described as theft. Put another way its the use of force to collect and redistribute wealth for the supposed welfare of some favored individuals who are deemed worthy by subjective measurements.
@robnaro The public is every citizen of a nation, if you don't believe in nations or public then you have no reason to speak. The internet, every road, bridge, toilet, and many other things you use everyday are public investments and not possible without it. So keep thinking your an individual who needs no one, I'll be happy to exclude you from protection of the US government then. If you want you "individual liberty", then you don't need anyone state to help you protect yourself.
@youngbuck189 bombing civilians, bailing out banks, imprisoning harmless people, breaking up peaceful protests with riot police, etc are also "public investments." I know you wish our government would distribute less wealth to these things, and to the elite, and more to ordinary people through social programs. but what on earth makes you think theyll ever do that? voting, lobbying? yea right. Those with power shit all over both sides of your phony public vs private debate.
@youngbuck189 "The public is every citizen of a nation..." - every citizen is not taxed so again, what is a public tax? "...if you don't believe in nations or public then you have no reason to speak" - If you think I said that you are delusional. "The internet, every road, bridge, toilet, and many other things you use everyday are public investments and not possible without it." - You can't be serious. You may want to look into what taxes actually pay for. Please exclude me Mr. President.
@youngbuck189 I guess mentioning facts is being tough. I'll try and grow up so I can believe the government takes care of us like some benevolent parent. That isn't immature at all.
@theH0UNDSofD00M Yes but its confusing because it sounds like he was railing against globalization (which I am very much opposed to as well) but then he says "we need a global regime for sovereign debt workouts and it should not fall back to private investors to decide" it was worded strangely. But upon closer inspection I agree with what he is saying because he is saying the burden shouldn't be put on the people. I think we need a "debt jubilee" because we (the citizens) can't afford it.
@TheRealNews I would love to see you get Molly Scott Cato on your show, because all these financial wizards you have on are arguing about getting back to 'Growth'... fact of the matter is that it's not just Peak 'Oil' we're facing... it's peak everything eventually! We live on a finite planet & endless 'growth' is simply not possible. The final 'growth' markets will be 'sustainable' ones in my opinion.
there is no peak anything.. you are allowing yourself to look at the world as a finite space with finite resources, and this is simply not the case. While I will not convince you of this in a single comment like this, you will do yourself a great disservice by not exploring the concept yourself. Our planet is a conscious entity, just like you or me.. it is created day by day, year by year through conscious co-creation. We all contribute to this creation. Don't fall for "peak" fear
@Eraser7622 You must be joking. A diamond is produced under extreme pressure and temperatures over millions of years, so to fossil fuels are produced over millions of years and it is produced by finite materials in which the processes require millions of years to become what it is: oil, coal, tar sands, minerals. If there was not a limit to natural resources, then why do they go from one source to another for these materials? Matter exists always and is converted to energy, then it's gone.
I'm not joking at all, and you are speaking to things you do not know, but instead things you've been told. Oil is ABIOTIC and forms in the Earth's crust constantly... when it accumulates beyond the area in which it is contained, it pools upward into pockets which we then call oil fields and pump to the surface. this is true, and it's only a matter of you deciding to learn the truth.
Explain the hydrocarbon seas on Titan if you think oil is biotic in nature!!
@Eraser7622 , lol,. at people that think there are big dinosaur deposits at 25.000 30,000ft. or more below sea level. giant dinosaur moles? :0) p.s. B.P. = IDIOTS!
Create debt out of thin air, hand it out to everyone who will take it, then reel it in at face value (or more with penalties) and move on to the next mark. It's called our "Systemic Financial System". You know, the one that couldn't fail, or our country would collapse (because we need to continue the borrow - bust cycle). Problem is, after they got their pound of flesh, they put it in cold storage and collapsed the economy.
pjamesbda 4 months ago
Boston Univestiy keeps developing great minds. i dont know what their doing over there but from Robert Shoch to Joe Rogan iam a big fan
MoKillaGorilla 6 months ago
Paul Jay, hardest working man in news. He's practically a one man news channel.
justnotcricket 6 months ago
This has been flagged as spam show
ECB-EU: New Jobs+Growth plan is a must ,neocon media is selling absurd news that Italy won't be able to be saved because it has to pay 6% for money & other nonsense to feed paranoia and fear, no one is calling these market manipulators what they are : liars working for the gold speculators- bond shorters :criminal organized activity and in collusion with Credit Rating Agencies & Media ( F.Times, CNN, Fox, WSJ, W. Post, BBC World ,etc.) ,solution is JOBS & GROWTH ! financialtools1.blogspot.com
financialtools1 7 months ago
United States Notes
TomUsherRLCC 7 months ago
I may mention that I hold a bond too XD Time to become a corporate douche like Seito Kaiba.
lordblazer 7 months ago
When we talk about World Wide Revolution it's important to know who's at the top of the pyramid we're fighting. Fighting governments does no good when they're controlled by these amoral machines that do nothing but crush the poor and extract wealth upwards.
NoCommentChick 7 months ago
danger0usknowledge 7 months ago
Some bankers need to go to jail like if they robbed it. In fact the armed robber takes less and only (maybe) once. I don't agree with armed robbery but I also don't agree that banker who rob us.
jkkshjr 7 months ago
lol @ TRNN, utterly clueless and lacks in common sense, of course the bond holders want their money back just like everything else, its not thier fault for the government to bail out the banks. However it is the bond holders fault to lend money to the US government so they can spend recklessly. I think if you are stupid enough to lend money to the US government (JUNK rating) then you deserve to loose all your money. afterall the US has $14 Trillion+ of debt and even more in unfunded liabilities.
billychen13 7 months ago
July 29, 2011 - only 356 Views.
danpt2000 7 months ago
Ok, I'll donate now. Thanks for your professionalism.
pranachimana 7 months ago
Holders of US treasury bonds take on the risk, not of default, but of being paid back with dollars worth less and less through inflation and devaluation. It now appears they may face a downgrade risk, almost unthinkable until just a few weeks ago.
YusefAsabiyah 7 months ago
If the welfare state were viable, the states wouldn't have the need to borrow to meet the annual budget. The rest is teenager philosophy.
schmoukiz 7 months ago
@schmoukiz a welfare state certainly isnt viable at the same time as a worldwide military-empire state, a corporate welfare state, and a police state. by the way, every dollar the US spends is borrowed from the Fed, repaid with interest.
sheepblitzer 7 months ago
@sheepblitzer
well its kind of time to rethink the economic model we currently follow, and rethink how we want our society to be. I noticed a lot of talk about resource based economy. But I do believe capitalism needs to stop as we are exhausting our resources too much. I also believe we cannot revert to feudalism because it will lead to more violence. Its time we see what is important, and what isn't. accumulating paper isn't on my list of priorities.
lordblazer 7 months ago
Smart guest, thanks.
duezeri1968 7 months ago
Okay, but we ARE talking about REAL fiat currencies right?
And the money comes from a fractional reserve bank.
And then is paid into another fractional bank.
So, let me get this straight, it's money that doesn't exist, paid from a bank that doesn't have any money, into another bank of similar repute. Is this the Three Stooges?
Where's the reality in that?
Maybe we should outlaw international finance altogether, and work out a barter system.
(At least it would have one foot in the real world.)
950horsepower 7 months ago
Key point of interview at 8:35.
Idtelos 7 months ago
All these country debts, all this money owed. This is a re-structuring of world wealth where most of the money is going to the hands of a few, while the debt is pushed on the rest.
Idtelos 7 months ago 3
What does Barack H. Obama have in common with Harrison J. Bounel ?
MrGAB4444 7 months ago
NONE OF THIS IS TRULY A CRISIS. learn about the creation of the Comprehensive annual finance report. The counties,states, & nation, all invest in the companies they give government contracts to. the county states & nation are in surplus. we only see the budget, based on spendatures made by inside investors aka politicians. we dont get to see their annual income,investments, or growth.The surplus is 1000% more than the budget.Soon they own those corporations they invest in,then privatize=monopoly
2skullscrushing 7 months ago
This has been flagged as spam show
It's about massively expanding& funding regulatory& the 'federal' police state, monitor your property, health, communications, movements, even your trash
It's about eliminating states rights = all control (federal) directly from White House
It's about economic starvation so local officials will jump to accept federal $ w/ condition
It's about confiscating national assets and handing all nation's sovereignty over to the IMF/UN. (think Greece, Ireland, etc)
It' about Agenda 21 & NWO
MrGAB4444 7 months ago
Why do I feel like it's MY can getting kicked down the road?
Yaheuben66 7 months ago
@TheRealNews
Gallagher NOT Gallager as in your intro. He's your guest. Please provide his correct name and details in your intro. Not just at 1:45 in your video clip.
Kevin Gallagher, Associate Professor of International Relations at Boston University. He is a Research Fellow at the Global Development and Environment Institute at Tufts University.
patrickcorliss 7 months ago
Welfare state is the most Orwellian term in history. Welfare is used to describe public taxes being used for public services, while the exponentially larger corporate welfare of using public taxes to beneift private buisness is not called welfare.
It is the doublethink of our time, using your money to help you is "welfare", it's not necessary to economists. Corporate welfare helps no one, but is essential to economists who view the world through charts and computer numbers.
youngbuck189 7 months ago 26
@youngbuck189 Ok youngbuck so lets see you use your moeny to set up a national universal healthcare program
kl0pper 7 months ago
@youngbuck189 well said. It's somehow bad that OUR tax money goes to pay for things that benefit us, "We the PEOPLE". It's crazy.
NwZ2 7 months ago
@youngbuck189 What is a public tax? When the government taxes an individual is the individual not a private person? I do not need the government to use my money to help me. Taxation of the private individual is better described as theft. Put another way its the use of force to collect and redistribute wealth for the supposed welfare of some favored individuals who are deemed worthy by subjective measurements.
robnaro 7 months ago
@robnaro The public is every citizen of a nation, if you don't believe in nations or public then you have no reason to speak. The internet, every road, bridge, toilet, and many other things you use everyday are public investments and not possible without it. So keep thinking your an individual who needs no one, I'll be happy to exclude you from protection of the US government then. If you want you "individual liberty", then you don't need anyone state to help you protect yourself.
youngbuck189 7 months ago
@youngbuck189 bombing civilians, bailing out banks, imprisoning harmless people, breaking up peaceful protests with riot police, etc are also "public investments." I know you wish our government would distribute less wealth to these things, and to the elite, and more to ordinary people through social programs. but what on earth makes you think theyll ever do that? voting, lobbying? yea right. Those with power shit all over both sides of your phony public vs private debate.
sheepblitzer 7 months ago
@youngbuck189 "The public is every citizen of a nation..." - every citizen is not taxed so again, what is a public tax? "...if you don't believe in nations or public then you have no reason to speak" - If you think I said that you are delusional. "The internet, every road, bridge, toilet, and many other things you use everyday are public investments and not possible without it." - You can't be serious. You may want to look into what taxes actually pay for. Please exclude me Mr. President.
narotax 7 months ago
@narotax grow up and get real internet tough guy,
youngbuck189 7 months ago
@youngbuck189 I guess mentioning facts is being tough. I'll try and grow up so I can believe the government takes care of us like some benevolent parent. That isn't immature at all.
narotax 7 months ago
A global regime? I don't like that kind of language
MadXMax187 7 months ago
@MadXMax187 Did you even listen to what Kevin Gallager said after 'global regime'?
theH0UNDSofD00M 7 months ago
@theH0UNDSofD00M Yes but its confusing because it sounds like he was railing against globalization (which I am very much opposed to as well) but then he says "we need a global regime for sovereign debt workouts and it should not fall back to private investors to decide" it was worded strangely. But upon closer inspection I agree with what he is saying because he is saying the burden shouldn't be put on the people. I think we need a "debt jubilee" because we (the citizens) can't afford it.
MadXMax187 7 months ago
@TheRealNews I would love to see you get Molly Scott Cato on your show, because all these financial wizards you have on are arguing about getting back to 'Growth'... fact of the matter is that it's not just Peak 'Oil' we're facing... it's peak everything eventually! We live on a finite planet & endless 'growth' is simply not possible. The final 'growth' markets will be 'sustainable' ones in my opinion.
ejbh3160 7 months ago 13
@ejbh3160
there is no peak anything.. you are allowing yourself to look at the world as a finite space with finite resources, and this is simply not the case. While I will not convince you of this in a single comment like this, you will do yourself a great disservice by not exploring the concept yourself. Our planet is a conscious entity, just like you or me.. it is created day by day, year by year through conscious co-creation. We all contribute to this creation. Don't fall for "peak" fear
Eraser7622 7 months ago
@Eraser7622 You must be joking. A diamond is produced under extreme pressure and temperatures over millions of years, so to fossil fuels are produced over millions of years and it is produced by finite materials in which the processes require millions of years to become what it is: oil, coal, tar sands, minerals. If there was not a limit to natural resources, then why do they go from one source to another for these materials? Matter exists always and is converted to energy, then it's gone.
nash984954 7 months ago
@nash984954
I'm not joking at all, and you are speaking to things you do not know, but instead things you've been told. Oil is ABIOTIC and forms in the Earth's crust constantly... when it accumulates beyond the area in which it is contained, it pools upward into pockets which we then call oil fields and pump to the surface. this is true, and it's only a matter of you deciding to learn the truth.
Explain the hydrocarbon seas on Titan if you think oil is biotic in nature!!
Eraser7622 7 months ago
@Eraser7622 , lol,. at people that think there are big dinosaur deposits at 25.000 30,000ft. or more below sea level. giant dinosaur moles? :0) p.s. B.P. = IDIOTS!
SPAGHETTIMONSTER1 7 months ago
Give me world power and I will fix this shit in 5 minutes..
kaxitaksi 7 months ago
@kaxitaksi
every dictator in history has probably had similar thoughts. Because of this, I for one hope you never rule the world! :P
asphyxiafeeling 7 months ago
@asphyxiafeeling Me 2 :) I don't really want to, just fix the shit goin on :))
kaxitaksi 7 months ago
@kaxitaksi Give me control of a countries money supply and I care not about its laws
DavidAKZ 7 months ago
@DavidAKZ Rotshitz?
kaxitaksi 7 months ago
@kaxitaksi yes, apparently
DavidAKZ 7 months ago
see below
shiczophrenic 7 months ago
second and third biaaaatch
shiczophrenic 7 months ago
first
LoneBaldEagle 7 months ago