Capital Account: Europe's Bondholder Bawl as Black Friday Americans Brawl (11/25/11)

[MrTGolden]

Return to a gold standard rather begs an extreme form of monetarism whose effect would only serve to change the chant of the Occupy movement to: "We are the 99.9%." Simply put, the imperial monetarist system that today is bankrupting economies the world over would gain means to postpone its death were a gold standard implemented. Such policy institutionalized would provide an arbitrary means to continue asset stripping necessary to sustain the Ponzi scheme built up since 8/15/71.

[TorontoLibertarian]

Hard money is bad?

Wow, Joe Weisenthal is a fuckin retard.

[DoBrigh]

i have an idea. if labor rights were world-wide, and labor unions internationalized, then you could level the playing field and distribute jobs more evenly, and ease the pressure on the lowest payed.

[Mechyuda]

Australia can get away with tariffs, 'cuz Australia has a small population relative to its abundant natural resources. The continent of Australia can easily satisfy the needs of Australia's relatively small population or low net total consumption. Australia can export coal, iron, & other natural resources to easily get what it wants from other nations. Americans consume a lot more than what is available in America, thus America heavily depends on imports.

[Mechyuda]

Russia Today and its subsidiaries should stop interviewing Joe Weisenthal, because he doesn't offer interesting viewpoints.

[BellHuey72]

If human's are going to resort to pushing and shoving over some cheap imported goods, I'd hate to see what happens when the last loaves of bread are on the shelves.

[styzoom]

Great show Lauren & team.

[yetanotherworldview]

Hello Lauren,

thanks for answering my feedback on Van Rompuy.

I just wanted to clarify: I think there are enough reasons to bring this man to court for what he does. I am simply against attacks that have nothing to do with his job.

Florian

[DeElSendero]

Lauren, excellent interview with Craig Paul Roberts. Hopefully you can have him on again to continue the discussion on the engineering of the German bond auction failure.

[financialtools1]

EU (+USA-World ) are facing an organized "short" attack by neocon Hedge-Funds & speculators who -by their CEO-partners- control 2 trillion dollars in assets (60 % from EU-USA own pensions ! ) and to crash EU -Global Economy to get key assets cheap. By holding back investments they are slowing down the whole World economies: Workers,Consumers and Taxpayers need leaders with new "Job & Growth " ideas and a strong will to fight these extortionist organized gangsters. financialtools1.blogspot.com

[moviematcanada]

Proof what proof do you need why would the strongest economy in Europe who is bailing out everyone else can't sell it's bonds, anyone with a brain can see they are getting punished for not wanting more Euros to be printed.

Common Freaking Sense....

The Banksters are screwing Germany because they want more money printed so they can charge more interest on money that doesn't exist, hence enslaving the populations even more!

[moviematcanada]

We planted a huge Heirloom Organic Garden this year & got over 1,400lbs of food, processed it packed it & this Christmas our family is getting about 100lbs of food each.

I know I will look like a crazy to all of them because everyone is buying everyone something but in Jan & Feb when they are broke & their freezers are full of food who is going to look crazy them?

My Grandchildren are getting Canadian Silver Maple Leaf bullion coins, which is going to real boring but they already have too much

[tmiller1672]

parasite, well he got that right.

[tmiller1672]

Weisenthal, that's not an irish name is it?

[moviematcanada]

Consumer spending is not GDP, it's a massive transfer of wealth to China...

GDP is manufacturing or the sale of natural resources.

[theoriginalprisonerX]

@moviematcanada Thank you for a rational comment that illustrates the "real" problem, there is no doubt to any rational person that we need to start making stuff here and exploit whatever resources we have in a responsible manner and fuck everyone else in the world because they all hate us and all secretyl want to get rid of us anyway.

[moviematcanada]

Yah, I have an idea stop buying cheap made in China crap and buy made in North America and then their friends would have jobs!

[sidkings]

This programme is bloody brilliant!!! Love it.. :-)

[g1981c]

youtube needs to change the way they limit comment size. you don't have to show the entire comment, just show the first 5 lines and have a "more" button on the bottom that shows the rest of the comment. comment size should not be limited to anything smaller than a page. there is just no way to lay down an argument in 500 characters or whatever it is.

[g1981c]

what does Paul Craig Roberts think about Ron Paul ?

[g1981c]

twitter wars ? i LOVE flame wars but i am not on twitter. should i join ?

[g1981c]

Lauren i am offended. You said if i didn't know it was black friday then i was living under a rock. Well i didn't know it was black friday nor did i even know what black friday is - why the fuck would i care about shit like that ? Dumb American bimbo. You can take your American tradition and shove it up your dumbfucking ass ! Hmm ... or you can take my cock :)

[98bigbutt]

Besides ending the Fed end the lobbyists for their influences in Washington,DC,

[natritious1]

fuck weaselthal

[continuityofliberty]

"...when you talk to shoppers..."

What about non-shoppers?

Those of us who aren't led along by advertising and cheap plastic goods should also be considered in the equation.

Some people make an effort to buy local/organic/hand-crafted items, or we simply make things ourselves.

[natritious1]

this is nonsense. Healthcare is FREE if you're a loafing BUM in Australia. BUT if you work for a living, 40 cents on ever freaking dollar gets STOLEN BY FORCE before you even get paid.... come on lauren

[JPMorganMustDie]

It's not true Australias Medical is free and not paying a cent.

It's a Manditory Tax or your forced to Pay a Private Corporation.

It is a Lot less than the US, but it's also going broke. And all other Imported Goods are twice as expensive as the US, even when Oz Dollar was worth more.

[PsionicX1]

 Fantastic show! Superb interviews (incuding the Black Friday shoppers) and the Viewer Feedback segment was excellent! I have no complaints about this episode. One correction: The Federal Reserve is controlled by private bankers and not the government. They control the money supply and interest rates. The term Federal Reserve is so that people believe that its government controlled, thought it isn't.

[killcraz]

Joe Weisenthal is an idiot & Dork get a hair cut....Lol!!..... if your supposed to be some kind of professional dress that way!! what does this guy live in his mom's basement!! where do you find these guests lauren!!?

[Taylor2221T]

Another great show RT!

[theoriginalprisonerX]

I guess car accidents are good for the economy too. They create jobs for cops, ambulance drivers, tow truck operators, doctors, hospitals, physical therapists. Therefore, based on this twisted reasoning, we should be purposely having car accidents all the time because it's "good" for the economy. Isn't it great? Yaaaay! Car accidents may be good for the economy, however, car accidents are not good for human beings generally. So shop cause it's "good" for our "economy"...please, ridiculous.

[EDTHEWATERGUY]

I bought $3000 worth of silver this black friday. That's what I am giving to all my friends and family.

[louis12346]

Hot for teacher

[theoriginalprisonerX]

@louis12346 All she and Joe will teach you is how good it is for our economy to be a sucker and go shopping at some shitty big store so some paltry sum of short term jobs can be created and make sure that some Chinese people are OK and that the Chinese oligarchs maintain power. And you ain't gettin none of that unless you got money for a big ole blood diamond from South Africa to put on her finger. Cause see, when it comes to females and diamonds all those "concerns" go right out the window.

[l1xx3r]

I agree that the government is a bigger problem. As long as there are people in power, people with money will try to buy it. If they do not, their competitors will.

[hopsh27]

informative

[xlamentx]

Joe Weisenthal is an idiot for his erroneous views on the gold standard. And buy a pair of nice dress shoes, those tennis shoes only show what a slob your are in your backwards economic thinking.

[heckler73]

BTW if you want to get some interesting interviews regarding the labour problem in the USA, may I suggest Randall Wray, Warren Mosler, or Bill Mitchell?

They would, at the least, offer some alternative views towards a solution.

[heckler73]

Thank you for cutting-off Dr. Roberts before he engaged in his long-winded reiteration of the shit he always talks about.

This is a problem in the contrarian circles, IMO. These assholes who hate "the system" do nothing to add to their basic theses.

Indeed, the problems of corruption and ignorance are replete, but to just spew the same garbage, ad nauseum, offers nothing to further the debate towards a solution.

[theoriginalprisonerX]

Bah humbug from the Ebenezer Scrooge who woke up Christmas Day a changed man. Make your friend or loved one something with your own two hands. It doesn't matter that it isn't from Tiffany, in fact its much much better because you made it with your hands and heart. And put the Targets and SlaveMarts out of business, that'll force us to start making the products that everyone in the else in the world makes at slave labor wages. We want those stores to fail, let's get it straight.

[taggart64]

feel free to totaly attack bum rumpy and all the other eu nazis

[theoriginalprisonerX]

And when all the "Black Friday" shoppers get home and open their mail, they can read the pink slip from the factory or service business that they once worked at that got outsourced to China or India where they make the very same goods that you just bought. One great big "ah shit" to all the imbeciles out there who insist in destroying themselves by buying unnecessary crap and big name stores who help close the doors on local businesses. Nope, don't say anything about that stuff.

[theoriginalprisonerX]

Uh duh, heroin makes me feel good like shopping so I should do it because it's good for me and society because it's just swell. Yeah and it makes the drug dealers wealthy and the drug producers rich. And how exactly will this be good for me? And pick a different ecomomist other than Joe who has a popular blog and just started shaving last week. You and he barely have enough life experience to comment on anything and that has nothing to do with being "smart", it has to do with being "wise".

[DyrconaBob]

Makes me feel sick to be an American.

[theoriginalprisonerX]

Second you say that the holday create 400k jobs so it's "good". All that time money and energy spent selling foreign made goods with temporary jobs may create the equivolent of the numbers of people filing for unemployment every week but it creates millions of jobs for Chinese workers and makes the Chinese oligarchy very rich. How is this good for the US? The fact is that it isn't "good" at all and evidently you admire the throngs of mindless zombie shoppers ruining our country and that's stupid

[heckler73]

I live under a rock that is under a rock...

[theoriginalprisonerX]

I am really dissapointed and shocked Lauren, I really thought you were smarter than this. RT criticizes other media outlets for not giving "real" news but here you are with Joe saying casually that "oh yeah, concumer spending is 70% of the economy" as if this were a rational policy and it's all just accepted and good and to anybody with half a brain it's clear that it's not tenable. Basically you seem to imply that we should all just fo with the flow. Why? Because this creates some jobs?