Future of Europe: Euro break up. Future eurozone? Debt crisis. Future of banks, Economy speaker

[blackpythonsc]

i begin to focus on what is the people doing at the background in the second half of the video, but got good description tho.. economy is really an interesting topic..

[realozzie]

Pretty good description of how economies based on fiat currencies (read based on 'confidence') work.

Someone should've thought this out when the Scandinavians, the Swiss and the UK'ers didn't join the Eurozone...

Obviously, the power to have a fixed value on your currency, and more importantly, hold that value higher than the world's reserve currency i.e. the USD, means cheaper imports, lower values to old debts etc for the said currency.

Colonial history is hardly a guarantee, sadly.

[pjvdixon]

@realozzie Thanks - yes these are dangerous times for the future of the Eurozone.

[pjvdixon]

Spinning background was a test which I think will not be repeated!

[aqeelsiddiqui69]

i felt my head was spinning because of the spinning background...

[donnyab]

what we really need is a nuclear war to clean out all the shit and start off again

[keltow]

My country should've never joined the Euro!

[PositiveMoneyUK]

Our monetary system is based on credit or debt, and without constantly continuing issuance of debt, the whole thing falls apart. Our system of ‘fractional reserve banking’ gives commercial banks a licence to literally create money out of thin air – and then charge interest on the money they created. Fractional reserve banking is the cause of spiralling debt.

The biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.

[Bushcamper4Sale]

@PositiveMoneyUK No thanks. You guys havent worked out that your proposal DOESNT ACTUALLY WORK OR CHANGE ANYTHING

[boum62]

The spinning around on camera is a drag ... the report and opinions were well delivered though

[Mr5eXLove]

my head hurts >.< sry

[philipsmovies]

Your videos are always interesting. Thanks Patrick. The financial crisis and all it's problems just proves what an out-dated and unsustainable system which is on it's way out.

[EuroSon99]

Your right. Anti-europeans are a sad joke. Every time something bad happens they blame the EU. Just look at the USA and Japan people. They are individual nations and are in more debt then all of Europe combined. Just look at Iceland which was NOT part of the EU and NOT part of the Euro, It`s Economy Totally Collapsed. Face reality: Our Continent is far to small and with far to many culture`s to be so nationalistic. Have we forgotten WW1 and 2. The EU is not a bad thing and everyone knows it.

[zeppos07]

I was depressed before this video. Now I'm drunk too.

[Puzzoozoo]

The EU is a house of cards built on a row of dominows, and sooner or later the first domino will be falling on to the second one which will ...

Its all going to get very messy and very ugly very soon.

[elluppo2006]

I love your posts, but can't watch this one. Spinning around like this is a bad idea... Fixed shot is better because people listen to what you say, rather than what looking at what you do. Thanks for all the rest of your comments and thoughts on youtube!

[philproductions2210]

"How do you repossess if you're owed money by a govt?" (@ 7.28)

The answer is... not as you said but, u demand they leave the EU and the Euro. That must be your opening (minimum) requirement. Because that govt are bankrupt and in freefall, they have no choice.

This is the only way forward for mankind in 21st century. To dump common currencies for ever - and then execute anyone, who still supports the aims of the EU, no matter how important they might seem and wherever they may hide. 

[matchbox555]

this video is nonsense.. its all spin

[patrickdixon14]

Ah i'm dizzy >.<

[mmt2k9]

Thanks for sharing your video.

[mmt2k9]

Thanks for sharing your video.

[ncroc]

Good video. I didnt like the spinning around thing either.

[PaulJReading]

Good summary of the situation. Do Sarkozy and Merkel have what it takes to solve it?

[PaulJReading]

Good

[wahid1011]

This is a strong push forward from the money powers to consolidate their power, printing money out of thin air and then loaning it out to bankrupt nations. Governments, corporations etc must continue to borrow money. They must continue to get in debt to prevent a complete collapse. If there was no money there will be no debt and if there was no debt there would be no money, this is how the system is built it is designed to steal from everyone.

[jcdobber]

Good information! too much spinning :)

[fluffmeistergeneral]

Great coherent summary of the European Project's current situation. Liked it a lot.

Agree that spinning around for 10 minutes is a bit disorientating.

[wakeupsheople]

Had to scroll down and just listen. I didn't like the spinning. OH, and the Euro is going to crash and the Dollar right behind it.

[cristoretornebiblia]

The spinning to the left is for a reason and that is Left-brain dominated people tend to be more logical and analytical therefore what the man is saying would be more strongly taken in the mind of the viewer

[Allenvik]

The federalization of Europe would never happen! The national pride and history are some reasons. However I have a more optimist outcome for the Euro, I think before the Euro destruction we could well have a US debt default and the end of the dollar first. This crisis news exploitation is a smoke screen to diverge the attention of the real currency in trouble, the dollar.

This video is more an analysis of current scenario than any possible futuristic outcome for the euro like the title suggests.

[CommandLineCowboy]

I think the European Union has no choice but to 'Federalize'. The stronger nations have to be able to force weaker nations into austerity. They do not have the political power to do so. Individual European nations still run their own affairs (economy). Weaker nations will resist federalisation, when German police enforce austerity on the streets of Greece, how far away will be European civil war? Perhaps it would be better for the Union to disolve, the banks bankrupt, and then rebuilding begin.

[angel2901]

@CommandLineCowboy German police in the streets of Greece? LOL! You have NO idea of my country.

[ranagau]

great info.. only if you could please keep a steady hand and background. try a tripod maybe? Thanks for the information videos. I really learn a lot from you.

[NewYorkViolets]

spinning = distracting and bad

[Inbetrieb]

Great job PJ ! I don´t care if my government is in the interest by hidden hands, cooperate corruption, socialists, politician egos, the eu, jews, islamists, santa claus, for the people, or all of it together. I would be fine with that as long as it is in the interest of anybody who has a clue. But all my government seems to do is just to PRETEND it is governing. Greetings from Germany.

[humanimalnz]

I listen to a few futurists, all of which are very generalistic in their views and some are not very logical. I have to give it to you however, you communicated the topic very well with a good level of detail. I did hear something about the US bailing the eurozone out if there are problems so that could save it? It would certainly be in their greatest interest to do so.

[28318511]

Except, when you say about government not being willing to shed assets to service debts or the bond market, we know that is already happening here in the UK, and at pennies in the pound for the most part. -- The country is being sold out from under us.

[austenbosten]

also this Austerity obsession is just insanity...the Great Depression of the 1930s proved that austerity is a fatalistic futile move by "very serious people" who think that debts must be paid the minute revenues fall due to a recession. If the European nations honestly think repeating the 1930s would be a good move I have one thing to say political anarchy followed by radical tyranny. 1930s proved failure to give the people bread and butter will result in extremist parties gaining power.

[austenbosten]

I really hope the EU breaks up. It was a catastrophic failure. Nations need to be able to devalue their currencies to be able to compete economically, however devaluing the Euro, although would be beneficial to a nation like Greece and Ireland, Germany and France won't approve cause they will get little benefits out of it. If GER takes on all the debt of these PIIGS nations, then the Euro will only be as strong as it's weakest member as opposed to the stronger.

[XxMetalManxX]

what I think, is that we drop the money, period. Money is un-needed. Go back to the old ways, free trade. No debt, nothing. You trade me a service or good, I trade you a service or good. Simple as that. Something would have to be worked out about corporations, as well. Capitalism and Money are an unfair system, and social classes are ridiculous. as long as you live comfortably, I don't see why you would need anything more. I see a bigger economic collapse coming- the collapse of capitalism

[SilverEconomics]

Very interesting, I had a thought about your question, How do you collect from a government? I believe it is Arizona that has decided to sell its real estate, (the capital and other government buildings) and then lease them back. To whom are they selling? Logic says that these behaviors have purpose, I can't agree with a government, simply "hoping for the best." I appreciate you video's, though I must agree I felt a little dizzy during this one.

[purinatajs]

Everything would be fine, except spinning around all the time. It is a bit annoying ;)

[pjvdixon]

@purinatajs Sorry bout that - I thought it would be more interesting than a fixed shot - what do other people think about it?

[alukeonlife]

@pjvdixon made me a bit seasick!

[alukeonlife]

@pjvdixon made me a bit seasick

[hellyersonline]

@pjvdixon movement is better than a fixed shot in this instance, it helps make 9 1/2 minutes seem shorter than the same 9 1/2 minutes of locked off shot!

thanks for the explanation too by the way :)

[TABOOVSKNOWLEDGE]

@pjvdixon If you didn't talk & just spun around, that would say everything about the economies!

[oleksiypilyugin]

@pjvdixon it is annoying (sorry for the late reply)

[NewYorkViolets]

Great video! Informative, clear, provocative.

[pjvdixon]

Thanks - will try to do more videos! Been very busy recently working. DO please make comments - what do you think will happen to Euroland?????

[micikas]

Please make more videos more often!