SUPER DEPRESSION COMING with China says Wallerstein

[grubelsucht]

Self-fulling prophecy? Russia and other rival countries love this kind of talk, and so do many Americans for various reasons, not the least of which is political. The truth is that the West funds about 60% of Chinese industry and about 80% of its high tech, and the West is having economic difficulty. China depends on us for its wealth, which travels from Western pockets to theirs. If we can't pay they can't play. China presently has difficulty managing itself. It is just too big.

[pretorious700]

Obama is not "trying to fix" anything. He's all about maintaining the status quo for the financial elite. Anyone who can't see that needs help.

[Illuminati33degree]

SPOILER!! THIS GUYS IS A PUPPET!! I WATCHED IT UNTIL HE SAID "obama is trying to fix it!!" NOT BY SPENDING MORE THAN EVERY PRESIDENT BEFORE HIM COMBINED!! THIS GUY IS AN IDIOT!!

[grubelsucht]

More RT propaganda. Broadcasting ideas of such socialist-leftist pessimists will decrease investment in the United States (and perhaps increase it in Russia). The economic world is networked. Europe's economy is more fragile than the United States', and both, Russia as well, owe China huge amounts, 2t by the US. If no one can repay Chinese loans, it too will collapse. However, this economic uncertainty increases incentive for China's aggression in the SE Asian seas and Taiwan.

[xadam2dudex]

tax the rich and corporations to balance the budget.. the US is not a manufacturing economy it is a low wage service economy ..it's largest industry is debt..the wealth of the rich is all on paper except what they use to buy real property..to get out of debt would be to repeal the FED and take back the power of the treasury and issue it's own currency as it did for most of it's history...bring the troops home ..cut military spending to per 2000 level

[purelego]

China economy is a export based, as long US and Europe keep buying Chinese product than they are fine, Super depression happens to china only when Europe and North America fuck up really bad in their economy.

[moistfaucet]

There is no System is workable to human. because it was design by human.

[Peraltapromo]

Europe - a break from the United States...... YES PLEASE

[loopba]

The last great bubble is pro-sports

[FAKEPAIN]

A system that doesnt work towards a common good, can not and will not survive.

Capitalism is just plain STUPID.

[Rfc1394]

@FAKEPAIN It is not capitalism that is the problem, it is the solution. Our problem is caused by socialist-based government spending where the government spends money it doesn't have. If there was a true capitalist aystem in place this could never happen as our money would be based on gold and silver and you can't print more of that. True capitalism prevents this from happening, and no country anywhere is capitalist, at best they're mixed economies and are NOT CAPITALIST.

[grubelsucht]

@FAKEPAIN You've got it wrong. Self-interest is the basic human trait that holds capitalism together. Everyone working for their own best interests makes the United States stronger. You might be thinking of communism, which failed because it was based on an illusion. Consider China. Plato proposed a philosopher-king as the best government 2300 years ago, but I'd prefer capitalism and democracy, one without George Bush, but that good old boy was not elected for his first term.

[everlandH8ter]

europe=the lion with a ten point crown=ANTICHRIST IS FROM EUROPE.

[4Th3Truthful]

WWIII soon

[IAndTheFatherAreOne]

Don't be afraid of China (bamboo curtain). Soviet Union collapsed when John Paul II & Reagan influenced Poland. capitalism is now broke because of GREED and moral decay from within. the muslim world. They might have oil, but they need food and water.Watch the Vatican (purple curtain) rising up. They have the gold of the world and influence in political arenas - VP Joe Biden , majority of the supreme court judges, Nancy Pelosi, Mr Mitchell (envoy to middle east) ,TonyBlair,etc examples.

[jewishwarrior666]

It's the EU (Germany) that worries me most. Both world wars were started there and they will be the factor that will bring us to the final world war.

[gunzblazin108]

Time is finally comming of the end of American domination, America won't give up easily. India, China, Russia and Brazil are the new players in the game

[writer2244]

This brilliant Yale Scholar is not only articulate and incisive; he is very courageous in saying the things he hays in this video. He is right in what he says, though. What he says is very scary too, that the economic bubble has not quite burst yet, that the full collapse of the economy might occur in two more years, and that unemployment here will get much worse. It's horrible as it is, I can not imagine what will happen if our economy gets much worse.

Yesh Prabhu, Plainsboro, NJ

[rok30]

makes sense, could this be more obvious!

America no longer being the standard of value in the world allowing a tri nation currency with canada and south america

[poapete]

?? Of course the U.S. is still borrowing from other countries, that's what U.S. Treasury Bonds are. The difference is that other countries are not buying it as they once were.

[limitedplay]

we arent borrowing from countries anymore we are doing it from the federal reserve. A private corporation that is stealing our future any any hopes of future prosperity