Great, another interview of a liberal progressive that has never had a job in the real world and doesn't have the foggiest notion of what he is talking about in real world economics or real world technologies.
This is just embarrassingly obvious liberal propaganda masquerading as journalism.
I lost my shirt in the market during the crash in solar energy companies by understimating the extent traders would go to naked short the market into the groud for maximum filthy profit.
One of the major problems we need to recognize is that the economy is not broken, it is working as it was designed to. The bubble economy is designed to transfer wealth to a new permanent class of rentier plutocrats. It is designed to to drive Labor value to zero. It is designed to enslave almost everyone in debt peonage. That is why there is no talk of raising wages of living standards, nor will there be. I agree that trying to appeal with reason to such a dumbed-down populace is futile.
@Rolandzebub This is a fascinating view. Do you have any more links on this perspective? I have felt the same way but would like to know more. Thanks in advance. :)
For more check out Gerald Celente, Max Keiser, and Daniel Estulin. Executive Intelligence Review is also useful, if you can tolerate the Larouche rhetoric. That should get you started.
US Constitution = Gold and Silver is legal tender , its still on the books the government is ignoring rule of law and the Federal Reserve is counterfeiting the planet into oblivion.
You either get back to sound money or forget about it, end of story , period. Paper money became worthless in 1971 you've been living in the Grand Illusion Inc. since then its not real.
This comment has received too many negative votesshow
Crap. The only mechanism that works for the people is a free market, not a gov managed market where those who run the gov control the economy. This is madness. Epstein and TRNN have their proverbial heads placed where the sun doesn't shine. End the Fed and replace it with nothing. Central banking never works for the people, ever.
You're definitely a very ignorant person for saying that. You obviously don't know much about the different economic systems around the world.You're probably not very smart either since it is just common sense that an economy managed by an elite will be used by this elite for itself whereas a gov economy will in theory try to serve the people (since it elects the gov). In practice the gov can the elite's buddy but it still will help people more than an elite's economy...
It always amazes me when someone with an apparent lack of education comments on what I've said. Take you for instance. What other economic systems around the world do you refer to? Here's the rub. If the elites manage the economy, don't you think that they would also control the gov? By your reckoning, a gov economy is nothing more than an elite economy. A free market, on the other hand, doesn't rely on elites or a gov to function. Rubes like you just don't get it.
It's pretty common in europe and some american countries, I was actually surprised (but not too much as it's the US) to find out that the US federal bank isn't publicly controlled. Try decreasing your ignorance or at least hide it better.
It is not common. The eu central bank is not publically controlled. It is true in vebnezuala and they've done a fine job. That said if you want to be a dick at least give an example and reference it. Do you even know how banking works in europe
I'm not talking about the EU (as it leans towards an US economic system) I'm talking about european countries public banks.
Belgium (my country), France, Ireland, Sweden, Portugal, Switzerland, Iceland, Serbia, Russia all have nationalized banks. Japan, China, India, Algeria and New Zealand too have Public Banks. It looks like Venezuela and Cuba are the only Americans in the case though : (...
Btw when you say it is true in Venezuela you've pretty much answered your own question: "where?"
Ireland france sweden portugal all use the eurp. The currency is controlled by central bank of eu. Iceland russia and serbia are economic wastelands. If that's what you think is the model to go with........lol. my question was rheotrical places that have them are a worse mess that ones that do not
No man I didn't say these euro zone countries have a public central bank I did say they all have state owned banks i.e. controlled by govs, allocating priority funds to regional institutional dev and guaranteeing safe investments. Even when the economy isn't that good, as in Russia, Serbia, Algeria or India, those public banks still serve their purposes as development tools and are probably not the cause for having bad shaped econ.
And dude gov banks profit long term dev and in general: people.
Democracy is simply a euphemism for a government run by lobbyists. As soon as you can pay to advertise your position and pay your politician to favor them, democracy becomes little more than a fanciful illusion. If you can enforce a rule that say this can't happen even if the majority supports this, that's not democracy either. People cannot and will not restrain themselves from spending their unequal time (money) from influencing the policy makers.
quote: "Democracy is simply a euphemism for a government run by lobbyists."
Concering the current state of democracy this is true.
Well, democracy depends on what we make of it. In fact, mankind has already come a long way establishing this modest degree of democracy. Yes, it's still a version of feudalism but we are in a process.
If no one participates, yes, then we have this status quo. We have to earn democracy by hard work. It won't be given to us freely.
an easy way to establish true democracy would be a referendum system.
The problem that people often don't vote in their best interest (as they're lied to everyday by medias) would remain but still it would be a progress...
I believe they have a lot of referendums in Switzerland.
Man, they didn't ban mosques (that would be very very fussy), they just banned building new minarets on them (idiots arguing it's a Muslim dominance sign).
Also, this was a constitutional amendment, it wouldn't normally be allowed to make such decisions in countries with stronger constitution.
And I don't like it either but that's how democracy works, power to people/majority...
Plus that problem can be solved with better education as it was a campaign led by the fascist wing of the country.
I'd like to beleive Obama will do his thing with the banks but with a man on his left and right like Rahm Emanuel and and the vice president whos into credit card dept it looks unlikely does'nt it. Jobs heve all gone to the sweatshop slave trade countrys, only a revolution now will overthrow these greedy capitalist. all the public banks should never of been sold off
None of that will happen, look at the mild healthcare reforms- denounced as socialism by the right and lobbied against by industry. In America 'public' is a dirty word.
I can appreciate what they are trying to do, but public banks as in state run banks will not solve the problem. There are already credit unions around if you want something non profit.
A bank has to risk losing it's money and going out of business to make proper loans. If a state run bank can never run out of money from bad loans it's exactly the same as this recipe that lead to this disaster.
"lol, good luck. The Elite wont allow this to ever happen. It would take a revolution"
No it would take something far worse than that, like Nuclear War, Super Volcano, or a "Day after Tomorrow" scenario.
The Elite are sowing the seeds for their own destruction. They "the elite" will be gone before anything can be done about them. The false ideology of power over the people will be abandoned for more sound philosophy.
there's a bit of audio issues in this one, might want to play with your compressor settings
TristanPEJ 2 years ago
Great, another interview of a liberal progressive that has never had a job in the real world and doesn't have the foggiest notion of what he is talking about in real world economics or real world technologies.
This is just embarrassingly obvious liberal propaganda masquerading as journalism.
kmg501 2 years ago
Take on 9/11 Truth then I might consider donating to your corporate news shill channel.
911truthncDotOrg 2 years ago
I lost my shirt in the market during the crash in solar energy companies by understimating the extent traders would go to naked short the market into the groud for maximum filthy profit.
brotherjupiter 2 years ago
One of the major problems we need to recognize is that the economy is not broken, it is working as it was designed to. The bubble economy is designed to transfer wealth to a new permanent class of rentier plutocrats. It is designed to to drive Labor value to zero. It is designed to enslave almost everyone in debt peonage. That is why there is no talk of raising wages of living standards, nor will there be. I agree that trying to appeal with reason to such a dumbed-down populace is futile.
Rolandzebub 2 years ago 4
@Rolandzebub This is a fascinating view. Do you have any more links on this perspective? I have felt the same way but would like to know more. Thanks in advance. :)
mikepalomino 2 years ago
For more check out Gerald Celente, Max Keiser, and Daniel Estulin. Executive Intelligence Review is also useful, if you can tolerate the Larouche rhetoric. That should get you started.
Rolandzebub 2 years ago
jay your work is outstanding, i really look forward to more of it.
I think you will have a great year.
Diatonic135 2 years ago 3
US Constitution = Gold and Silver is legal tender , its still on the books the government is ignoring rule of law and the Federal Reserve is counterfeiting the planet into oblivion.
You either get back to sound money or forget about it, end of story , period. Paper money became worthless in 1971 you've been living in the Grand Illusion Inc. since then its not real.
boots920 2 years ago
This comment has received too many negative votes show
Crap. The only mechanism that works for the people is a free market, not a gov managed market where those who run the gov control the economy. This is madness. Epstein and TRNN have their proverbial heads placed where the sun doesn't shine. End the Fed and replace it with nothing. Central banking never works for the people, ever.
bbburton 2 years ago
@bbburton
You're definitely a very ignorant person for saying that. You obviously don't know much about the different economic systems around the world.You're probably not very smart either since it is just common sense that an economy managed by an elite will be used by this elite for itself whereas a gov economy will in theory try to serve the people (since it elects the gov). In practice the gov can the elite's buddy but it still will help people more than an elite's economy...
sinekonata 2 years ago
It always amazes me when someone with an apparent lack of education comments on what I've said. Take you for instance. What other economic systems around the world do you refer to? Here's the rub. If the elites manage the economy, don't you think that they would also control the gov? By your reckoning, a gov economy is nothing more than an elite economy. A free market, on the other hand, doesn't rely on elites or a gov to function. Rubes like you just don't get it.
bbburton 2 years ago
"we have example of how they've work all over the world"
where?
battim 2 years ago
It's pretty common in europe and some american countries, I was actually surprised (but not too much as it's the US) to find out that the US federal bank isn't publicly controlled. Try decreasing your ignorance or at least hide it better.
sinekonata 2 years ago
It is not common. The eu central bank is not publically controlled. It is true in vebnezuala and they've done a fine job. That said if you want to be a dick at least give an example and reference it. Do you even know how banking works in europe
battim 2 years ago
I'm not talking about the EU (as it leans towards an US economic system) I'm talking about european countries public banks.
Belgium (my country), France, Ireland, Sweden, Portugal, Switzerland, Iceland, Serbia, Russia all have nationalized banks. Japan, China, India, Algeria and New Zealand too have Public Banks. It looks like Venezuela and Cuba are the only Americans in the case though : (...
Btw when you say it is true in Venezuela you've pretty much answered your own question: "where?"
sinekonata 2 years ago
Ireland france sweden portugal all use the eurp. The currency is controlled by central bank of eu. Iceland russia and serbia are economic wastelands. If that's what you think is the model to go with........lol. my question was rheotrical places that have them are a worse mess that ones that do not
battim 2 years ago
No man I didn't say these euro zone countries have a public central bank I did say they all have state owned banks i.e. controlled by govs, allocating priority funds to regional institutional dev and guaranteeing safe investments. Even when the economy isn't that good, as in Russia, Serbia, Algeria or India, those public banks still serve their purposes as development tools and are probably not the cause for having bad shaped econ.
And dude gov banks profit long term dev and in general: people.
sinekonata 2 years ago
democratize the central bank? seriously?
battim 2 years ago
@battim
Democracy is simply a euphemism for a government run by lobbyists. As soon as you can pay to advertise your position and pay your politician to favor them, democracy becomes little more than a fanciful illusion. If you can enforce a rule that say this can't happen even if the majority supports this, that's not democracy either. People cannot and will not restrain themselves from spending their unequal time (money) from influencing the policy makers.
kmarinas86 2 years ago 3
@kmarinas86
quote: "Democracy is simply a euphemism for a government run by lobbyists."
Concering the current state of democracy this is true.
Well, democracy depends on what we make of it. In fact, mankind has already come a long way establishing this modest degree of democracy. Yes, it's still a version of feudalism but we are in a process.
If no one participates, yes, then we have this status quo. We have to earn democracy by hard work. It won't be given to us freely.
KapitanHaddock 2 years ago 2
an easy way to establish true democracy would be a referendum system.
The problem that people often don't vote in their best interest (as they're lied to everyday by medias) would remain but still it would be a progress...
I believe they have a lot of referendums in Switzerland.
sinekonata 2 years ago
Yes, the majority there voted against the Muslim minority's right to have places of worship. for example...
NicosNicosNicosNicos 2 years ago
Man, they didn't ban mosques (that would be very very fussy), they just banned building new minarets on them (idiots arguing it's a Muslim dominance sign).
Also, this was a constitutional amendment, it wouldn't normally be allowed to make such decisions in countries with stronger constitution.
And I don't like it either but that's how democracy works, power to people/majority...
Plus that problem can be solved with better education as it was a campaign led by the fascist wing of the country.
sinekonata 2 years ago
I'd like to beleive Obama will do his thing with the banks but with a man on his left and right like Rahm Emanuel and and the vice president whos into credit card dept it looks unlikely does'nt it. Jobs heve all gone to the sweatshop slave trade countrys, only a revolution now will overthrow these greedy capitalist. all the public banks should never of been sold off
womblefree 2 years ago 3
If we do not buy the products they cannot exploit the markets.
Stop buying America, and things will get better.
zoticus1 2 years ago 3
I can't believe that someone from the US would say that, I'm pretty happy about it.
Here in Belgium the anti-economic-growth movement is growing faster due to global warming and recession.
sinekonata 2 years ago
None of that will happen, look at the mild healthcare reforms- denounced as socialism by the right and lobbied against by industry. In America 'public' is a dirty word.
Dubwise78 2 years ago 3
Way too rational, will never float
huskerbird1 2 years ago
We already have a recipe for success. All we need is the freedom to innovate.
InTheSticks1881 2 years ago
I can appreciate what they are trying to do, but public banks as in state run banks will not solve the problem. There are already credit unions around if you want something non profit.
A bank has to risk losing it's money and going out of business to make proper loans. If a state run bank can never run out of money from bad loans it's exactly the same as this recipe that lead to this disaster.
sirellyn 2 years ago
Credit as a municipality. Didn't Lincoln toy idea with that during Civil War?
oraqol 2 years ago
lol, good luck. The Elite wont allow this to ever happen. It would take a revolution
ezze902 2 years ago 3
This has been flagged as spam show
@ezze902
"lol, good luck. The Elite wont allow this to ever happen. It would take a revolution"
No it would take something far worse than that, like Nuclear War, Super Volcano, or a "Day after Tomorrow" scenario.
The Elite are sowing the seeds for their own destruction. They "the elite" will be gone before anything can be done about them. The false ideology of power over the people will be abandoned for more sound philosophy.
kmarinas86 2 years ago