Yes, yes let's keep pointing out the problems of money, banks and so called "free markets" and let us not bother in seeing that they are obsolete. And most of all, let us not include behavioral science or the scientific method (which we haven't yet to use) for a sound socio-economic system updated to present day knowledge.
Let us stop sinking all that new knowledge into a horse and buggy.
The dollar is not likely to collapse in the near term (the next couple of years). All countries are madly devaluing their currencies in a race to the bottom. Once joe-schmoe realizes this and exchanges it for gold, that's when the sh*t is really going to hit the fan.
Not sure if I understood your whole comment... but are you aware that the government bail-out follows 30 years of financial deregulation based on free market ideology? I hardly think you can blame the crisis on government interference in the market, if that is what your comment is implying, if the state has been explicitly pursuing a strategy of deregulation all this time.
We never had anything resembling a free market. The state controls the supply of money and fueled this bubble with inflation. In a free market, federal reserve notes (dollars), would have to compete with other currencies, some of which would be backed by actual hard assets. Ever since Bretton Woods all countries have been devaluing their currencies in a "race to the bottom." There are no non-inflating currencies which dollars have to compete with.
I have problems with gold, due to the labor and environmental conditions that come along with it, due to non-existant global regulation of the mining industry. However, in a free market dollars would have to compete with gold. In the US, gold is taxed at 30% when the dollar devalues in comparison to gold. Even with this massive tax, the price of gold is going up compared to dollars.
But central banking evolved as response to the chaotic problems of uncontrolled banking. Banks will always extend credit. How do we guarantee the quality of credit monies without central banks that guarantee the convertibility of bank monies with central bank dollars?
I am extremely skeptical of calls for competing currencies, though I admit that I haven't studied this issue in great detail. When has that ever been successful historically?
My understanding is that when silver coexisted with gold as a currency gold always remained the primary currency which silver measured its value against.
In a dual currency system would commodities have two prices? If so, wouldn't that be the same as having one price?
That's because you are using a highly specific definition of "free market"- markets in which the state has no role. But Marx sees the state's role in the market as evolving from the contradictions within the free market, and thus these contradictions can become transposed onto the state. Bretton Woods was a great example of the capitalist class acting as a class to come up with a monetary system that would save capitalism from itself. So who do we blame the state or markets? Both!
@binjahmon A joke? Schiff?"Austrian School" had not played any important role in economics since 1918 even in Austria.With the exception of the unlucky Schumpeter, the Austrian School economists, most of whom had played roles in the pre-1918 Habsburg public life withdrew into the harbor of private businesses and chambers of commerce and observed the procession of events.But the Austrian Marxist were to play an important role in European politics until the rise of Fascism in the 1930 tees.
In between filling up on sugary, high-calorie, nutrient-empty crap, waiting in line for the latest overpriced gadget they don't need, and surfing the web so they can gorge themselves on stories about the personal foibles of actors, singers, and heiresses, I doubt many Americans are going to sit down and listen to serious analysis of the economy. Why would they face reality in its full, miserable truth when they can indulge themselves in all manner of escapist mediocrities?
Not if the American people don't wise the hell up first. Considering how many people are calling Obama a socialist, it's clear that average Americans are largely ignorant of authentic socialist theory.
Yeah, I noticed how the houses were all so bloody cheap. The average American has to take a loan for them because it is IMPOSSIBLE for the average American to afford the average home. Why would we be worried about housing costs going down? We might as well panic because not enough people have to borrow money in order to eat.
the key here is not to give money to the corporations for them to be able to get back in business. the problem is that people rely too much on big business in order to satisfy their needs, when what they need to do is form their own small cooperatives and businesses.
this would be the rise of real anarcho-capitalism.
even then im not sure it would even work without the creation of other libertarian, non-profit instututions.
it's a mistery to me that such serious country such as US can elect and re-elect this gifted comedian (my favorite one) to be d president.brits should maybe choose between oldscool bean and borat,to make this joke complete
I haven't seen the movie, but Zizek mentions it all the time now. Apparently in it some dude finds some glasses that cut through all the bullshit in life, so he sees the real message under everything. These captions are totally those glasses. Did you have that in mind when you made this?
Yes I have seen that movie "They Live" as well as those Zizek lectures. Maybe that was in the back of my mind when I made this. "They Live" is entertaining, and the parts with the glasses are awesome, but unfortunately I don't think it passes for a great film. It does have one of the longest and most ridiculous fist fights I have ever seen though.
America is bust... finished!!... spending money they don't have borrowing billions from china,& sudi arabia to fight wars they can never win! hollwood churns out unspeakble filth and exports it to the world, "in god we trust" yea right which god is that?? Another once great empire crumbles right before our eyes, due to corruption, evil,lies & utter debotchery, just like the other historic empires of the past! There is NO 'political solution' for moral collapse!!
I believe NONE of this money will go into solving anything but spent on repaying banks what they have done under contract for the US government. The FED knows that more money printed devalues the dollar more but they DON'T CARE!
This is a very well organised PLAN! Just remember the Amero is due to come in by 2010. Bush the lier who leads by stealth and destroys the nations freedoms by sighing the Patriot Act2 without congress or the people voting or being informed.He sold off the US- soon the USA id gone and NAU ( North American Union, NAU) is underway, Canada, US, Mexico, South America all ONE currency ( Amero) and NO borders. Euro, Amero, Africa, Asia - then one world government! WAKE UP!The banks want this!they r NWO
700 Billion in $100 notes would make a pile 700 km high. There is 40 Trillion dollars in US savings in banks. Imagine the dollar crashing- what happens to the 40 trillion? Imagine what happens next....thats right..caos and anarchy and civil war.. therefore martial law will be instated and the true role of FEMA is put into action to hold US citizens in prison of war camps, to depopulate the country. This speech isn't even economically true. The banks have been backed by US gov to crash the $.
It's really good. I think some of the terms could use quick explanations as the speech goes on. It could be done in a plain speech kind of way. Accumulation. Devaluation. Credit. It's not even that people haven't heard these terms but they are used in such a weird way for so long on TeeVee that it's useful to just speak the truth about them and blow away the mysticism and/or the BS behind them.
For instance, I think peple have forgotten that credit means you're broke.
I've seen the others, all good. The problem is that regular folks are going to watch this video but perhaps not the others. Not in all cases but you get my point. Short, tiny street explanations might make this kind of thing more impacting for folks that aren't going to watch 15 (very well produced and explained) minutes on 'what the hell is money'. This is meant as a constructive critique, not a putdown. The vids are some of the best work on YouTube imho.
This makes me wish youtube's rating system went up to 10 stars. Weaving your previous topics into current events is very helpful for understanding the concepts concretely, and this way of presenting it is both entertaining and jarring.
Do you really think it's that they don't know where crises come from? Or do they know, yet still want to keep extracting wealth as long as they can anyway?
Hmmm. Since crisis theory is really not a part of bourgeois economics I really don't think most capitalists know the whole picture. But the bigger point is that they are in a prisoner's dillemna: the knowledge of the situation would do nothing to change the situation. They are still driven by the same forces, regardless of their subjective understanding.
Yes, yes let's keep pointing out the problems of money, banks and so called "free markets" and let us not bother in seeing that they are obsolete. And most of all, let us not include behavioral science or the scientific method (which we haven't yet to use) for a sound socio-economic system updated to present day knowledge.
Let us stop sinking all that new knowledge into a horse and buggy.
blaziermissy 1 year ago
LMFAO @
"When did the shit hit the fan? How do we get the shit off of the fan?"
ChrisTripp 2 years ago
damn you rock
howe92 2 years ago
hilarious
emptiermbs 2 years ago
Comment removed
Rockerboy2007 3 years ago
Brendan, you da man!
poblamente 3 years ago
im glad that he is out !
loreesp 3 years ago
I liked the video Brendan. keep them coming!!
niggaflies 3 years ago
Bill Clinton through what decisions made the country better?
LLCoolPass 3 years ago
The dollar is not likely to collapse in the near term (the next couple of years). All countries are madly devaluing their currencies in a race to the bottom. Once joe-schmoe realizes this and exchanges it for gold, that's when the sh*t is really going to hit the fan.
binjahmon 3 years ago
This has been flagged as spam show
i liked this video :)
energetic fun smart and loves this video RW
IvanXDurham 3 years ago
You've NAILED it. This is great!
somecomputergeek 3 years ago
ahhh. i see. i miss understood your comment.
brendanmcooney 3 years ago
Not sure if I understood your whole comment... but are you aware that the government bail-out follows 30 years of financial deregulation based on free market ideology? I hardly think you can blame the crisis on government interference in the market, if that is what your comment is implying, if the state has been explicitly pursuing a strategy of deregulation all this time.
brendanmcooney 3 years ago
We never had anything resembling a free market. The state controls the supply of money and fueled this bubble with inflation. In a free market, federal reserve notes (dollars), would have to compete with other currencies, some of which would be backed by actual hard assets. Ever since Bretton Woods all countries have been devaluing their currencies in a "race to the bottom." There are no non-inflating currencies which dollars have to compete with.
binjahmon 3 years ago
I have problems with gold, due to the labor and environmental conditions that come along with it, due to non-existant global regulation of the mining industry. However, in a free market dollars would have to compete with gold. In the US, gold is taxed at 30% when the dollar devalues in comparison to gold. Even with this massive tax, the price of gold is going up compared to dollars.
binjahmon 3 years ago
But central banking evolved as response to the chaotic problems of uncontrolled banking. Banks will always extend credit. How do we guarantee the quality of credit monies without central banks that guarantee the convertibility of bank monies with central bank dollars?
I am extremely skeptical of calls for competing currencies, though I admit that I haven't studied this issue in great detail. When has that ever been successful historically?
brendanmcooney 3 years ago
My understanding is that when silver coexisted with gold as a currency gold always remained the primary currency which silver measured its value against.
In a dual currency system would commodities have two prices? If so, wouldn't that be the same as having one price?
brendanmcooney 3 years ago
That's because you are using a highly specific definition of "free market"- markets in which the state has no role. But Marx sees the state's role in the market as evolving from the contradictions within the free market, and thus these contradictions can become transposed onto the state. Bretton Woods was a great example of the capitalist class acting as a class to come up with a monetary system that would save capitalism from itself. So who do we blame the state or markets? Both!
brendanmcooney 3 years ago
@binjahmon A joke? Schiff?"Austrian School" had not played any important role in economics since 1918 even in Austria.With the exception of the unlucky Schumpeter, the Austrian School economists, most of whom had played roles in the pre-1918 Habsburg public life withdrew into the harbor of private businesses and chambers of commerce and observed the procession of events.But the Austrian Marxist were to play an important role in European politics until the rise of Fascism in the 1930 tees.
zsylvana 1 year ago
This has been flagged as spam show
@binjahmon But there was a lot important Austrian Marxist economists and philosophers such as:
·Emil Lederer, 1882-1939.
·Rudolf Hilferding, 1877-1941.
·Otto Bauer, 1881-1938.
.Max Adler , 1873-1937
.Karl Renner, 1870-1950. .Emil Lederer, 1882-1939.
.Otto Neurath, 1882-1945
Keep watch Brendans videos and skip that trader Schiff,and you maybee get in touch with real life.
zsylvana 1 year ago
captions don't work
Jimisonjons 3 years ago
lol @ the captions...
cv1122 3 years ago
good translation great
horseklopp 3 years ago
Spot on. Why is that most americans cant understand this?
cheepenasty 3 years ago 4
Most Americans probably can't find Iraq on a map.
MaxwellX831 3 years ago 4
or that bush has a serious cocain problem
horseklopp 3 years ago
In between filling up on sugary, high-calorie, nutrient-empty crap, waiting in line for the latest overpriced gadget they don't need, and surfing the web so they can gorge themselves on stories about the personal foibles of actors, singers, and heiresses, I doubt many Americans are going to sit down and listen to serious analysis of the economy. Why would they face reality in its full, miserable truth when they can indulge themselves in all manner of escapist mediocrities?
JFMJJ 3 years ago 7
@JFMJJ Very well said. The behavioral aspect of this whole system is key to understanding the problems and getting rid of the Root causes.
blaziermissy 1 year ago
the shit has certainly hit the fan for the capitalists. lol. i think socialism is about to make a big comeback :D
ashaman1324 3 years ago 4
Not if the American people don't wise the hell up first. Considering how many people are calling Obama a socialist, it's clear that average Americans are largely ignorant of authentic socialist theory.
CitizenCindy 3 years ago 3
Hilarious. Spot on.
ProlefeedTV 3 years ago 2
thanks Bush, and big greedy corporations for destroying the country! Now we are all screwed!
Awesomermac 3 years ago 10
@Awesomermac I don't think the moralistic argument is very strong. It might be better to blame capitalism itself.
lemondirector 10 months ago
Excellent, as usual. There is a typo in the caption at about 3:02.
raiderchelsea 3 years ago
thanks. fixed.
brendanmcooney 3 years ago
Yeah, I noticed how the houses were all so bloody cheap. The average American has to take a loan for them because it is IMPOSSIBLE for the average American to afford the average home. Why would we be worried about housing costs going down? We might as well panic because not enough people have to borrow money in order to eat.
uberjim83 3 years ago
LOL, let americans borrow the money they gave the state as tax... Revolution is pending...
tolerancija 3 years ago 4
...pending...but the heat is rising...i'd say rapidly
dobar nik brate hrvatski i komentar na mestu.jebem ti situaciju u kojoj su oči celog sveta uprte u ameriku
nbgtrickster 3 years ago
Excellent translation. This type of science is exactly what the working class needs today!!
TheMasses101 3 years ago 2
btw, the subtitles are awesome
god0fmusic 3 years ago 2
the key here is not to give money to the corporations for them to be able to get back in business. the problem is that people rely too much on big business in order to satisfy their needs, when what they need to do is form their own small cooperatives and businesses.
this would be the rise of real anarcho-capitalism.
even then im not sure it would even work without the creation of other libertarian, non-profit instututions.
god0fmusic 3 years ago
the 700 billion is to be given to the banks to encourage other americans to borrow even more money to use for their mortgage repayments.
how can they borrow even more if they have no work.
the cycle has begun
tangler101 3 years ago
Worst US president ever.
BlackProteus 3 years ago 2
excellent with the sub titles, looks like its time for the amero... bush scum bag
9/1 was an inside job
abovetopsecretDOTcom infowarsDOTcom
TheeBaker 3 years ago
BlAH BlAH bLah
rahhoor 3 years ago
they do IT 2 THEMSELVES
they DO
themselves
n No.1
else
geNMEting 3 years ago
barc bak bak bak
as in d'chikins cummin home 2
rooster cogburn WILL save US
SUPERMAN ANYWER
illusion dellusion inc
FL0W4RP0W4R 3 years ago
it's a mistery to me that such serious country such as US can elect and re-elect this gifted comedian (my favorite one) to be d president.brits should maybe choose between oldscool bean and borat,to make this joke complete
nbgtrickster 3 years ago
one planIT
no goverment
dont U give ME any order
2 ppl LIKE \_ME_/
ther is No ORDER
FL0W4RP0W4R 3 years ago
rayt VOTE FOR RIOTS
nbgtrickster 3 years ago
Lmoa nice one thumbs up
TheeBaker 3 years ago
barc
FL0W4RP0W4R 3 years ago
The Wall Street Bailout Bill:
Bush McCain Obama et al.
The Realignment Of American Politics:
Anderson Baldwin Carter Choate Clemente Gonzalez Gravel Kaptur Kucinich McKinney Nader Paul Perot Sheehan Ventura
ryanshaunkelly 3 years ago
Great job man! I'm subscribing.
ntheAttic 3 years ago
Check out what bush said in 2002 about housing which certainy contributed to the housing bubbule that so recently burst:
watch?v=kNqQx7sjoS8
HalcyonRain321 3 years ago
I haven't seen the movie, but Zizek mentions it all the time now. Apparently in it some dude finds some glasses that cut through all the bullshit in life, so he sees the real message under everything. These captions are totally those glasses. Did you have that in mind when you made this?
Barmyleatherhead 3 years ago
Yes I have seen that movie "They Live" as well as those Zizek lectures. Maybe that was in the back of my mind when I made this. "They Live" is entertaining, and the parts with the glasses are awesome, but unfortunately I don't think it passes for a great film. It does have one of the longest and most ridiculous fist fights I have ever seen though.
brendanmcooney 3 years ago
There is a video "Psychopaths Past and Present" that has a few minutes of "They Live" in it.
balberon 3 years ago
Fantastic. Got it from In Defence of Marxism. Fantastic and would be funnier... if it wasn't true.
Socialism4Ever 3 years ago 2
amazing.
elmerslashp 3 years ago
Brilliant because so true: "the people who I pay to think for me told me to bail out my friends before I leave office"
I hope that everybody here also watches your vids on "creation of value" and and "circulation".
truestefq 3 years ago
how can the capitalist free-market be "free" when he has just intervened at the State level?
Guevaristas 3 years ago
Heh. Send this video to Palin so she can understand the crisis. It is evident from her CBS interview that she doesn't. :)
redgeek 3 years ago 2
I accessed this video through a link from "In Defence of Marxism." This is a BRILLIANT analysis. I'm definitely going to subscribe.
JFMJJ 3 years ago 2
America is bust... finished!!... spending money they don't have borrowing billions from china,& sudi arabia to fight wars they can never win! hollwood churns out unspeakble filth and exports it to the world, "in god we trust" yea right which god is that?? Another once great empire crumbles right before our eyes, due to corruption, evil,lies & utter debotchery, just like the other historic empires of the past! There is NO 'political solution' for moral collapse!!
bigcoolviking 3 years ago 2
I believe NONE of this money will go into solving anything but spent on repaying banks what they have done under contract for the US government. The FED knows that more money printed devalues the dollar more but they DON'T CARE!
jiminiflix 3 years ago
This is a very well organised PLAN! Just remember the Amero is due to come in by 2010. Bush the lier who leads by stealth and destroys the nations freedoms by sighing the Patriot Act2 without congress or the people voting or being informed.He sold off the US- soon the USA id gone and NAU ( North American Union, NAU) is underway, Canada, US, Mexico, South America all ONE currency ( Amero) and NO borders. Euro, Amero, Africa, Asia - then one world government! WAKE UP!The banks want this!they r NWO
jiminiflix 3 years ago
700 Billion in $100 notes would make a pile 700 km high. There is 40 Trillion dollars in US savings in banks. Imagine the dollar crashing- what happens to the 40 trillion? Imagine what happens next....thats right..caos and anarchy and civil war.. therefore martial law will be instated and the true role of FEMA is put into action to hold US citizens in prison of war camps, to depopulate the country. This speech isn't even economically true. The banks have been backed by US gov to crash the $.
jiminiflix 3 years ago
It's really good. I think some of the terms could use quick explanations as the speech goes on. It could be done in a plain speech kind of way. Accumulation. Devaluation. Credit. It's not even that people haven't heard these terms but they are used in such a weird way for so long on TeeVee that it's useful to just speak the truth about them and blow away the mysticism and/or the BS behind them.
For instance, I think peple have forgotten that credit means you're broke.
atlien991 3 years ago
Thanks. My translation make more sense in the context of my ongoing video series on capitalist crisis. For instance, see my video "what is credit"
brendanmcooney 3 years ago
I've seen the others, all good. The problem is that regular folks are going to watch this video but perhaps not the others. Not in all cases but you get my point. Short, tiny street explanations might make this kind of thing more impacting for folks that aren't going to watch 15 (very well produced and explained) minutes on 'what the hell is money'. This is meant as a constructive critique, not a putdown. The vids are some of the best work on YouTube imho.
atlien991 3 years ago
The best video on youtube, bar none.
koolala 3 years ago 2
Excellent and timely
nickglais 3 years ago 2
this should be #1 on youtube ! I LOVE IT !!!
stonerj0e 3 years ago 2
That is fucking beautiful! A perfect translation that people can understand.
dingusmungus 3 years ago 3
Poetry.
greggmervine 3 years ago 3
This makes me wish youtube's rating system went up to 10 stars. Weaving your previous topics into current events is very helpful for understanding the concepts concretely, and this way of presenting it is both entertaining and jarring.
Do you really think it's that they don't know where crises come from? Or do they know, yet still want to keep extracting wealth as long as they can anyway?
HebaruSan 3 years ago 3
Hmmm. Since crisis theory is really not a part of bourgeois economics I really don't think most capitalists know the whole picture. But the bigger point is that they are in a prisoner's dillemna: the knowledge of the situation would do nothing to change the situation. They are still driven by the same forces, regardless of their subjective understanding.
brendanmcooney 3 years ago
five stars
play listed
shared
HalcyonRain321 3 years ago 3
lmao at the captions xD
shrunkensimon 3 years ago 2
Your captions are perfect!
MarsBars21 3 years ago 3
Everything Brendan has done is excellent. Check out his other stuff and subscribe.
It will take all our united efforts to stop the capitalist nightmare.
Solidarity.
WOWU
Rundstedt1 3 years ago 2