Deutsche Bank Vegas Exposure Equals Eurozone

[emerald1one1]

follow the gold

[geebus80]

A dead banker a day keeps the fascism @ bay.

[ArcticSlicer]

Casino capitalism.

[westernciviliznation]

"union & pension funds are tied in" with the pyramid banker scheme... oh oh, you won't hear trotskys protest or Occupy that one.

[megatroll]

This video in short form:

Zionist bankers are corrupting and ruining the world.

[KalifUmestoKalifa]

@megatroll Short version of your comment: I'm rasist!

Seriously, you believe this has anything to do with Zionism or any other nationalist movement?? It’s about the money Lebowski!

[LordOrlock]

@KalifUmestoKalifa Keep on telling it like it is, brother!

[ArcticSlicer]

@megatroll I must have missed where Zionists entered the discussion in the video. I was pretty sure the video was about Casino Capitalism.

[noprofitmaximierung]

@atosafi Exactly, sort of what the chinese are doing with their hungerwages to the US! This process was warned of nearly 300 years ago by Adam Smith in "Wealth of Nations". Another reason why greeks don't 'own' industry is because the little amount they do have was built by foreign companies such as siemens and paid for by "sovereign" greek debt. Imagine what a coup this is for foreign industry to be able to tell greeks to privatize their indebted 'ownership'!

[atosafi1]

@noprofitmaximierung It's important to remember that the real enemy here isn't the Chinese worker, Indian farmer, Mexican immigrant or Somali fisherman, but rather the rich and powerful elite who play them off against the Western working-class in an effort to drive down wages and create cheap labour.

The traditional right doesn't miss a chance to divide and conquer the people to be able to divert anger away from their own policies, and so they do like Merkel and pit workers against one another.

[noprofitmaximierung]

@atosafi1 Exactly Comrade.

[arscill1]

Mmmmmmm... it's almost heartening to see that it's only the ones caught in the false illusion of this economy that mistakes verbal abuse for arguments nowadays. It really seems to be a change in the air for a better world.

[1marcelo]

The Deutsche Bank is actually in rather good shape. There are a few German state banks that invested heavily in Greece but their exposure in Greece is still small compared to the exposure of French banks. Therefore, the Deutsche Bank is just not representative of the situation of other European Banks. This interview is really bullshit!

[jjcale1111]

Oh my god that was a poor analysis...

[glennd7962]

Hey, morons, do any of you ask what the real root cause of Greece's problems are? Answer: Greek has virtually no industry or productive sector. The last industry they had any presence in was shipping. Wealth is created by producing something and just like Spain, Portugal and Italy - they produce little of value. Ireland is different in that it actually produces various products, but still has a lot of debt, however, it has the wealth producing capacity to pay it off. Greece is a dead nation.

[elbowbiter1]

@glennd7962 I agree but do any of us ask what the real root cause of all the problems are? The problem is money and markets. Phase them out and we can be rid of this horse shit.

[glennd7962]

@elbowbiter1 Lol, another moron. Without money, we'd have no economic progress as it greatly reduces transaction costs. As well, money is without an emergent phenomena in human societies, which develops no matter what so good luck stopping it. Markets are expressions of individual, free, voluntary action and are beautiful things. Don't let the losers who are just jealous infect you with their class warfare thinking.

[elbowbiter1]

@glennd7962 You have a lot of ugly opinions backed up by vitriol. It's sad. It's also necessary that money and markets are phased out to the new emergent phenomena.

[akkonburike]

@glennd7962 Blah blah Markets blah blah Jargon blah blah Buzzword blah blah Markets blah blah Catch Phrase blah blah..

What's behind the markets dynamism? The entreprenrs? Or a system that is based on exponential growth? Markets =/= Capitalism.

All this talk about "markets" started as PR and it comes with a special benefit: It enables fuckers such as @glennd7962 to act like a badass. Also, the "market theology" doges the problems with capitalism: Domination, Exploitation, More usury, Pollution..

[atosafi1]

@glennd7962 The reason they have no industry is because of the euro. The Euro has always been a project for Germany to be able to sell their products on a free market

What has been done is that regulations, subsidies, tariffs etc. that were previously used to even out the playing field have been abolished, which has led to Germany and France being able to flood the Greek market with cheap, massproduced goods that have crushed local business and led to the deindustrialization of Greece

[glennd7962]

I swear to God, if I was in front of these guys personally, I'd slap them both silly. Dipstik uses the term "squeezing the pips" to signal that he knows something, and then goes on with typical class warfare rhetoric. ATTENTION: If you watch this and think you know something about the debt/currency crisis the west faces, you are kidding yourself. The entire line of discussion is nonsense and simplistic polemic, not any real financial or economic analysis.

[glennd7962]

What a moronic question. So typical of a self-styled activist to comment in financial issues that they don't understand. If you think that the sovereign debt crisis isn't a real issue, you are an idiot. I've just about had it with journalists posing as financial analysts and then lying to leftist morons to give them ammunition for their Utopian crusades. Both of these guys need to shut their mouths and get jobs back in the food service/hospitality industries where they actually know something.

[Lieu3C4]

The idea that the very same people, via pension and union funds, who benefit from social spending pressure governments via bank investments bleeding into bank loans to governments to cut social spending is one half of the equation that deserves understanding; that oligarchs who have no great concern for social expenditure is, qualitatively, the other side, and sees social spending undermined from all angles. One concludes governments are, for now, at the fulcrum of capital see-saw.

[allgoo19]

Why banks "have to make" profit, other than they want it?

I think taking out the profit by nationalizing them is the only reasonable solution.

I used to have a saving account in nationally run bank and most people prefer it over private ones which are competing against.

The biggest reason is your money is always safe, it never goes out of business. From what i can remember, the interest was higher too, but not by much.

[glennd7962]

@allgoo19 Everbody seeks profit, you moron.

[A1R5N1P3R]

Why are they putting it to these deadbeat countries and not Vegas? Because their Vegas investments PAY!

[rdavian]

lol these bankers got a gambling problem rofl!!!!!!!

[dangerouslytalented]

Lending money to Vegas, where the casinos are facing massive pressure from rising transportation costs, lower rates of return from gamblers because of shrinking disposable incomes, and massive competition from proliferating local and indian casinos, is a bet that is sure to lose.

[jdocks777]

Lets gamble on the people in europe paying back loans there signed onto, or lets gamble on the people that can afford to gamble in vegas. Im sure they could find better use of there capital. Invest in things that benefit everyone, rather than wasting money on debt gambling. Invest in businesses with ideas that can contribute to society and make life for everyone better. Oh, and get rid of monopolies, they just kill the competition. grr. : )

[TrickyEmu]

Always true this show. Greed is the wheel and the doom of capitalism! I wish I could replace FOX News with this channel. Maybe I would watch more TV then.