Stefan, though his tally of unemployed was interesting; you should have challenged him of his prescription of a cure. We need another New Deal????? Keynesianism lives. I just thought I would see Stefan allow this to pass unhindered.
The great depression initiated a boost to the army, the current unemployment is possibly made for the same reason. Makes sense looking at the world at large.
Another thing that people don't know that increases healthcare costs is all the regulatory agencies & the cost of complying, & the cost of implementing & maintaining computerized medical records. Right now, one vendor's programs can only "talk" to another if there's a great deal of programming. There are specialty regulatory agencies for every area of healthcare labs, imaging, specialty areas (surgery, ICU, substance abuse & physical rehab, diff types of phys. rehab, outpatient; costs passed 2 U
Obamacare regulations cost so much to keep up with as do ever changing federal, state, & local regulations for SOX, HIPAA (healthcare-it raises your healthcare costs), corporate compliance, cost a fortune. Benefits cost employers they claim ~$20,000 for benefits for every FTE they hire, so they don't hire. I remember when steel mills closed in '80s in Pittsburgh, PA area, at one point on our base 2/3 of active duty were from that area. They've never recovered fully from that & now this???
Also before I got too sick to work, I was kept on but gien more & more work until I was doing the job of 6 people. This happens a lot & if people have any underlying health problems, they end up on disability b/c their health gets ruined. I haven't seen this addressed yet...I think it's b/c people who are disabled are viewed as lazy & unwilling to work. Then there are the tent cities all over the US, homeless, some professionals 50+ who can't get jobs.
People who are fired (usually on trumped up charges or one mistake inflated beyond belief or blamed for a boss's mistake or b/c their health is poor & they cost too much in benefits) aren't counted, either, nor are salaried people given "termination agreements" & take them in hopes of finding another job then end up not employed but aren't eligible for unemployment due to having taken the termination agreement....I've seen lots of firings on the basis of bosses who don't like them. I watched it.
"Our grandfathers and greatgrandfathers suffered a century ago." That's funny that only the male half of the population suppossedly suffered. I had a grandmother that suffered plenty during the great depressoin. Male ego and misogyny rearing its ugly head. The male ego was why so many jobs had to be offshored. Men demanded too much pay. A male with a less than high school thought he deserved a six figure salary, a huge house, monster truck, because he was male.
History shows when people get hungry enough they will riot. Kill or be killed will be the new policy in all cities. The US is bankrupt and our leaders are liars and thugs..... Americans act like they don't know this ? Stupid people will do nothing waiting for the end. Nibiru will be seen in the sky as a second sun this year, earthquakes and volcanism will continue to increase until reality cannot be ignored. Your all "walking dead" .....
History shows when people get hungry enough they will riot and. Kill or be killed will be the new policy in all cities. The US is bankrupt and our leaders are liars and thugs..... Americans act like they don't know this ? Stupid people will do nothing waiting for the end. Nibiru will be seen in the sky as a second sun this year, earthquakes and volcanism will continue to increase until reality cannot be ignored. Your all "walking dead" .....
Ya'll are right. I'm wrong. Money is wealth, not land. It's money that produces food, not land. It's money you must live on. Not land. It's money that produces wood, fuel, oil and so on. Not land. After all, we can all sleep on money, and when we have money, we can tell everyone who can live on our money, what they have to give us for living on our money, what they can and can not do on our money, and we own the food produced on our money.
@LeksServices - Oh, wait. That's LAND, not MONEY! You have to sleep SOMEWHERE. You need to grow food SOMEWHERE. You have to get fuel and water SOMEWHERE. And your landlords have TOTAL POWER over your way of life! Landlords are governments; governments are landlords. There's no escaping any of that. But you all have this strange warped way of thinking that somehow manages to overlook the obvious. PATHETIC! Enjoy your lives of slavery!
@18:45 you confuse demand with savings. savings is what sends the signal to investors to start projects aimed at future consumption, current demand doesn't matter much if nobody is deferring consumption.
@MerulaMondlicht People are waking up, a lot faster than the elite want. My fear is gone, it's hard to sustain a strong negative emotion for years on end. The dollar currency will be replaced by money which is gold and silver. Many of us troll the alternative news sites to find the first domino to tip off the global financial crisis which will result in a currency crisis for nearly every country in the world since all currencies are now fiat currencies.
@alennna Then I would say that YOU are the thief. I'll bet you dont use an outhouse, and that you go and use the roads, water. sewers etc.. As as for that mythological "Private" infrastructure, most private contracts ended up crappy. That bridge that fell in Minnesota was private contracted. The truth is that private companys have no interest in a good job, and every interest in profit (taking as much of your money as they can)/
@paland99 LIES! That bridge was built to GOVERNMENT standards in1967. It failed due to NEGLECT on the part of the MN DoT 40 years later. Moron, bridges are not something that you set up and just leave alone. They are dynamic structures. Especially in those climate swings. Blaming the contractor 40 YEARS LATER after the state was repeatedly warned it was "deficient" really shows what kind of either a liar you are or how grossly(willfully) misinformed you are.
@paland99 Private contractors have a deeply vested interest in high quality. A firm that fucks up likely wont be rehired and like as not sued out of existence. Conversely public works entities just point the finger when something fails and trudge right along. True witness being that bridge. And don't claim higher taxes are needed to fix that and all the other bridges. They have stolen and subsequently misallocated plenty for that. See our public education(indoctrination) system. Total fail.
@MerulaMondlicht The budget will pass, it's a lot of political posturing but I don't believe for one second that our criminal officials will let the government collapse. They're not going to kill the goose that lays the golden egg while they're still in office. Congress is show business for ugly people which is why I don't watch them. I watch the CW channel, bad acting but pretty faces.
To add more to it, The Bush tax cuts did nothing to create jobs. And jobs here have been leaving for 40 years, Its not a new thing. Those who want no taxes either like living in a slum or just dont want to pay their fair share. They just want to leech off of the hard working class!
@paland99 Geez....so I have been a tycoon all these years and driving a 20 year old Suburban and buying my clothes at Sears? Yeah, I got a tax break. No, I ain't J. Paul Getty. I was able to hire people with those cuts. It would take three guys paying my taxes to fund their welfare(that you would see them on gladly) because of the inefficiency of the fedgov. But that would be OK with you. Seeing your humanities degree hasn't gotten you a real job.
@alennna No I dont think so. We pay less in taxes now than we have in 60 years, And the intrastructure needs to be rebuilt, Taxes do that, not rich people who do nothing to create jobs. Jobs are created by the small investor who fills a need because people are out spending. The only jobs that the rich create are sweat shops in Indonesia and the Phillipines, Really, if you dont want to live in a slum, then pay your fair share.
@Lombokstrait1 nah, I used to be a big drug user but have stopped for the past week...drugs used to be one area where I disagreed with Stef...i.e. lsd can help u obtain knowledge otherwise unobtainable in a normal state of mind....lsd just makes u insane...its fun tho....drugs really no matter what the excuse is r for self medicating
@Lombokstrait1 o because theres def a legitimate reason y u could be pro-drugs...comin from a person who used to be a heavy user..anyway here is the long awaited......lol!
Very interesting point about people joining the military due to a lack of real (read: productive) jobs within the economy, I bet the government has known this for a long time too. How many wars will the world have to tolerate in the short-medium term?
@MerulaMondlicht Extended unemployment benefits expire in January, people who are laid off on July 1st or after will receive no extended unemployment benefits unless Congress pushes through another bill that extends them. I'm pretty sure that they will extend them since nothing changes government quite like an army of unemployed people with no money and massive desperation to change the system. Congress doesn't want to hear from the little people so they'll extend them.
@GoldenArroWill My parents go to McD's here in MO & they talk to everybody. They asked how do employees at McD's make it since each employee only gets 20 hrs a week. Turns out that everyone at McD's all have at least 3 part time jobs that they work. There are currently 3 million jobs out there and 2 out of 3 are part time or temporary. I've noticed that in my job search as well.
@Lombokstrait1 ??? What? You want the people that work at McD's to join the army? Maybe when it's okay for our troops to be several plus sizes too big. My McD employees either look like whales on legs or so skinny because minimum wage doesn't afford them much food. None of them look like they'd get past the initial inspection.
@Lombokstrait1 A $1 Trillion per year social program, awesome. What's our deficit last year as well as this year? Oh yeah, $1.5 Trillion. That which is not sustainable will just end someday soon.
@Lombokstrait1 Ron Paul explains that while they're upfront with the $700 billion budget, they add the increase each year with additional spending bills to bring it to $1 Trillion.
I think that people need to look for solutions on an individual level. Trying to change the system at this point is well "pointless".
@rayme4raw On an individual level... Isn't that a bit idealistic? I want to agree with you but it's like the quest for the holy grayle. A society will never work that way in a pure sense.
Also predators and opportunists don't think on an individual level... organized crime (of all kinds) preys on the many. So individuals need to organize also to fight them in bigger numbers.
It doens't matter, your solution of individualism won't happen so we are back to square one. The system will break.
@freesk8 I don't think the dude is a pure socialist. He is just grasping for solutions.
Now that the govt. is owned by the rich and the free market is not really free (dominated by Multinational Oligopolies) I don't think there are any answers.
Ideologs will divide further and anger/resentment will fester... then lots and lots of blood. When? I have no clue. Inevitable? Almost certainly.
@freesk8 And he should have been. I don't understand why many of us Austrians are so malicious towards someone else who holds a legitimate view on political and economics systems. Respect is the best trait you can have.
YES! We need more TRAINS! Because that's our problem. We need to transport more people from one point along a line to another point along that same line. That's step 1. Step 3: PROFIT!
25 min of how the gov't does things wrong followed by 5 min of "the gov't ought to fix it". I love Stef's facial expressions when Russo started in with that. Does this guy listen to himself at all?
"25 min of how the gov't does things wrong followed by 5 min of "the gov't ought to fix it"."
Yeah, I felt like he strayed into Bizarro World there...esp. the part about resuscitating the failed economic policies of the 1930's. It was a strange interview and he's lucky it wasn't a debate.
@Panpiper at the moment, the government's fascism is still sufficiently overt that there are millions of sheep here on YouTube, who still think they can viably justify the government's behaviour. Let the government start killing people domestically in groups of probably more than 50 at a time, however, and that will change.
@petrus4 I agree, the people will not rise up unless something like that starts to happen, and I expect the situation to get bad enough that it might. What concerns me is what arises from that. We could easily wind up with an overt fascism, complete with a strongman dictator who promises the masses that they will be protected from the "domestic terrorists". That is in fact historically the typical route for a failed democracy (as all democracies fail due to fiscal problems).
@Panpiper The only way to avoid that sort of fate, giving a dictator the "domestic terrorist" ploy, is for those who resist, for those who are targeted, to wholeheartedly adopt the tactics of Gandhi. We need to stay true to the non-aggression principle, going so far as to abandon even our right to self defense. Force them to kill or incarcerate 'peaceful' people. Never let them have even the slightest excuse for their violence.
@Panpiper America has a domestic network of over 600 inactive concentration camps, the legislative basis for which dates back to Reagan. If it gets bad enough, you can expect to see them begin to go online.
There might be some overt mention of domestic Americans being sent there, but you will more often hear talk of illegal Mexican immigrants, or Islamic terrorists. American racism will be exploited to the hilt in order to justify said camps' use, even tho whites will also die in them.
@Panpiper I see a dollar collapse coming. I'd love to see how a "strongman" takes charge when there's no money for the troops. Peak government is over:)
@rayme4raw A dollar collapse comes amidst the Gov running the printing press at full tilt (and adding zeroes). They will have plenty of money. It's those not on the Gov payroll that will suffer, likely from wage and price controls. The troops will for the most part, happily keep the resulting 'domestic terrorists' (those who engage in black market activities, like the free market, or using gold and silver for exchange) in line, for fear of loosing 'their' favored status.
@Panpiper Yeah, that'll work in a country with 90 million gun owners with over 450 million guns. The military will back the people or they'll be killed.
@rayme4raw Oh no... another couch-commando who likes to fantasize about someday (preferably in the far future LOL) taking on the US military to 'get freedom back' - you bozos won't even make it past your first engagement with the cops - who hate your guts and will happily mow you down just for kicks
@2001Horatio LOL, you should see the fat ass commandos that haul their bulky bodies to the shooting range once a week here in Missouri. They're damn good shots. The shooting range is the only place damn near that I don't see the cops in uniforms. Shooting is a lot like bowling, you don't need to be in the best physical condition to hit a target. Lord knows, if you could see the size of some of our cops, it'll be a battle between couch potatoes in these parts.
@Panpiper a fascist government has to walk a tightrope. Too little repression of the population, and they are unable to meet their objectives. Too much, however, and they end up having to commit large scale attrocities in order to maintain their position, which completely destroys any veneer of legitimacy that they otherwise may have had.
I have long thought the unemployment rate is much higher even than shadowstats estimates and Dr. Russo reinforces that impression for me. Unfortunately his solutions reveal an intelligent mind thoroughly tied up by faith in the state. His solutions are part of the problem.
@JoeSchlock He'll find out soon enough that the state will offer no solutions. My dad is pretty smart and hates the current government, but still keeps saying, "If they'd only do this instead of that." LOL, if wishes were kittens.
In my opinion the employment rate is a figure that can be manipulated much less readily than the unemployment rate, and is more useful for tracking the health of the labor market.
Thank you for posting this Stefan. I recently landed a job thanks to the information found in your job interview related podcasts.(for those interested, they are interspersed in the podcasts section at freedomain radio dot calm....and they can also be found here on youtube if you search for the following phrases:
•Preparing for a Job Interview - Freedomain Radio
I am not being counted...and I have four friends...same thing..given up on that ...I do things to make some cash..but its not much...I have learned to live with less and its not so bad...I dont really need most of the "stuff" I once thought I did...kind of freeing actually...Living less is more is the way to go at least for me..
I don't see how the unemployment rate could possibly be that high (no doubt the official number is incorrect by discounting discouraged workers and others). I just can't see how it could be when food stamp participation rates are only at 14.5%, unless that number is also incorrect as well. I think shadowstats is closer to reality.
@VitalitySole That's true. But let's be clear with our language; marines are not soldiers. Soldiers come from the Army. Marines come for the Marines. Sorry for the nitpick...
stick a fork in the USA. it has terminal cancer (a.k.a., stooopid populace, mil/indus complex takeover, bible thumpers without even knowledge of the bible, duh)
we must find somewhere to emigrate to.let the mexican have their Newer Mexico.
why was the nation taken down the whole Drug/Hippy road..AFTER THE ASSASSINATION ON THE PRESIDENT OF THE MOST POWERFUL NATION...
TO DISTRACT, have half of the people drugged up havin 'free love' with anything that walks, and the other half, biblethump'n
if unemployment is so bad, then why don't I see it? Perhaps I'm a bit sheltered, but I haven't seen much change in "the economy" from a practical viewpoint. I don't doubt that things are horrible, but how could I tell this in my everyday life?
@aletoledo1 WOW...you must have the ray of sunshine over your head at all times....Lucky you... the rest of us have seen loss of wages, higher food bills increase in taxes, fuel has gone up, home prices have come down...Is there any room on your island?
@DarktimePatriot I see the higher food and fuel prices. I see the flat housing market as well. I don't see higher taxes and I don't see the unemployment. I'm just being honest here.
So how exactly can I see the unemployment with my own eyeballs? Again I don't doubt it, I just want to see it for myself.
@aletoledo1 You have to talk to people, my parents are social butterflies. They tell me at least twice a week about how this person or that person is now unemployed or how long it took them to find a job, how they had to move to another state to get the job. It's so bad that a couch potato like me is meeting people who are unemployed or about to be unemployed. Some people can be isolated but 48% of Americans now have someone in their household who is unemployed.
@Panpiper so your saying the europe and north america will collapse and india and china will be out top economically. would it be good if i moved to india or china?
@twistedwest1 Be aware that India and China have their own problems, they are just not sinking economy problems. But yes, if you happen to speak Mandarin or Hindi, moving to China or India might be a smart move economically, if you think you can make it in their world. Alternatively, get entrepreneurially self sufficient from an employment point of view where you are (I do not necessarily mean do your own farming). And get used to an underground economy.
@Panpiper i was born in california lived her my whole life but i got the option of going to punjab in india because i have punjabi ancestry. i also have relatives there and my father owns property and farmland there. so i have the option and plus the people there speak english very well and are required to learn it in school so i wouldent have any problem fitting in . but im hoping for the best the usa stays alive. if ron paul is elected will in save the usa or are we still doomed?
@Ape65 you are either really rich, work for the gov. or extremely stupid. the market WILL crash to introduce the American euro and for the global gov. reasons. the IMF will step in, which they have already downgraded our credit ans said were in trouble if we don't pay our credit debts. Not that i believe the IMF, it is a forced plan of action not chance not fate.
@jhsoulscope Actually, I believe that we'll be using gold and silver as money, not a gold back dollar like the elite want. Fiat currencies are only backed by faith, once that goes, history has shown the people move back to physical precious metals.
@twistedwest1 Ron Paul cannot save the US. The best he could do is gridlock the system. There is too much inertial in Washington for a single president to turn it around in a single term. Worse, should the impossible happen and Ron Paul actually win, and the monetary system then still likely collapses before he can force a repeal of legal tender laws, the people will blame freedom for the collapse, not the state. In many ways, if is better for now for Ron Paul to 'not' win.
@Panpiper one of the things which I am getting very tired of, where Americans are concerned, is the constant seeking of a saviour to put into the White House, simply because the public cannot comprehend the idea that NO president can save them...that they must save themselves.
@petrus4 The problem however is that with the current financial/regulatory/licensing system the Gov has in place, the only path to 'saving one's self' is very likely to either currently be, or soon shall be, criminal. People are faced with either hoping beyond hope that the system can be fixed, or facing the grim reality that men with guns shall soon be coming for them. The free market is effectively illegal, and so is the entrepreneurship most of us could theoretically use to save ourselves.
@Panpiper a} Shooting more than a very small number of people in plain sight, is not in the government's best interests. They need to keep the number small enough, that they can plausibly claim self-defense from terrorism. So criminalisation of self employment in most cases will not be enforced, or certainly not with lethal force.
b} The police are cowards, who rely on a disarmed and servile populace. They generally do not cope well with anyone who decides to shoot back.
@petrus4 I'm not talking about them directly imposing the death penalty. Try opening a lemonade stand. Try not paying the $500. fine you get. Effectively resist the men with guns who come to take you away and they will kill you. Virtually everything you attempt to do to save yourself must be done with the appeasement of Big Brother at every step, and knowing all the asses that must be kissed and bribes (licenses) that must be paid is virtually impossible without paying a team of lawyers.
@Panpiper That is the point, though. The men with guns rely on the idea that they will likely only need to kill one person at a time. A small number of people is superficially justifiable. The government can use terrorism for such, by claiming they had a bomb or something similar.
If a sufficiently large number of people rise up at once, however, that is what the government truly needs to be afraid of. If they put that down, they can't justify it afterwards.
@Panpiper The thing your government needs more than anything else, is narrative control. Most of the time, that works against you, but it can also work for you, because the more force they employ, the more difficult it becomes to justify their actions.
I was surprised at the student party raid, because of how blatant it was. Too many incidents like that are dangerous for the government; their tyranny must remain plausibly deniable. That is what undoes fascism, in the end.
@meadowsirl - there is no perfect system. The worst systems are ones which are forced upon others. People chose to have money, and that is their choice. But, the current monetary system is one is forced upon us (via taxes) and is based on fraud, deceit, corruption, coercion, and state-violence. To dream of life without the need for money is to dream of something which will never exist without coercion and the threat of brute force upon everyone.
@magichandpuppet nonsense, will we still use money in 1000 years time when every labour aspect of out life is automated, I hope not. If not then then why not start now. Your fears are projections and are not rational. I don't support a system that has half the world living on 2$ a day. Sometimes I cant believe some people think that corporate police and firemen that don't come if its not profitable is the answer to the worlds problems. Amazes me.
@meadowsirl - I have no earthly idea what it will be like in 1000 years and neither do you. Possibly the civilization experiment will be over. These aren't fears or projections. They are simply unknowns (by me OR you). And, why are you measuring people's livelihoods by (American) dollars a day outside the US? Have you even been to a third world country? Or, are you basing your ideas on some Sally Fields commercial? And, by the way, anything "corporate" is state-sponsored... as in NOT anarchy.
Because as long as there's money, the VP cannot come to fruition. Money creates the scarcity, which ties up the resources we need to pursue our goals. Because of money we are fighting wars, instead of creating an abundance of everything for everyone, which is entirely possible, now! We just need a shift in how we think.
@rolryce2012 Money is simply a token of value. Slaves were once state protected and enforced property and they were traded as a commodity. A commodity is a raw form of money. If non-human value tokens are universally banned, but people still exist, you've just created the conditions for people to be used as value tokens in a black market mode, or worse, the "official" one. The VP solution to end that would then be to 'get rid of' value token people? - following the destroy all money principle.
No surprise here in Iowa. The official unemployment rate is 6.1%. Employees of Iowa Workforce Development (the unemployment agency) say that it's closer to THIRTY percent.
gerald celente is an arrogant collectivist who talks half the time only about how great he is and how he predicted everything, when really he's full of shit.
even this employment figure is based on people who want a job. they should go by the percentage of people actually employed. when you cut out retirees, minors, and disabled adults on top of "unemployed", the remaining number of actual producers that support us is very low. i say you cut out financial services too. if you get right down to it, its like 5% of people that support all our necessities with the help of some really cool tools.
I needed to take early SS. My husband became permanently disabled, but had to wait 2 yrs 5 mos until he got Medicare coverage.
His $ 940 SS Disability check put him over the limits for medicaid assistance.
He couldn't work (Traumatic brain injury), yet had no medical coverage for his expensive drugs, and no in home care help.I had to care for him, could not work, hense,- early SS - at much reduced rates. Oh well that's life in our brave new world.
this video is somewhat awkward, watching you gesture in response looking at US when we cant see the speaker. Something is offputting about this format, when youre listening for extended periods. Also you look angry when you're listening, it's quite funny really, it clouded the message for me. Sorry, vent over
There was many a good horse that went down the hill but he came back up in the knackers cart. Yet those horses of privelege who just pose outside buckingham palace, and prance, and parade, up and down the mall; they're turned out into a meadow of cowslip and clover. Cripple the economy folks what have you go to lose... nothing but the chains of debt slavery; unite and defy!!!
"Working Class" used to mean literally work and die.
The entire concept of "retirement" only came about as productivity increased so dramatically during the 19th century that it became possible for someone to produce so much that they not only could support their family, they could store some of that up and have it to spend later without working at all.
Capitalism. The private ownership of the means of production.
Stefan, though his tally of unemployed was interesting; you should have challenged him of his prescription of a cure. We need another New Deal????? Keynesianism lives. I just thought I would see Stefan allow this to pass unhindered.
kassandrin 1 month ago
The great depression initiated a boost to the army, the current unemployment is possibly made for the same reason. Makes sense looking at the world at large.
mg03nma 1 month ago
is there political unrest in slovaka
BobbyMercy1 3 months ago in playlist True News
Another thing that people don't know that increases healthcare costs is all the regulatory agencies & the cost of complying, & the cost of implementing & maintaining computerized medical records. Right now, one vendor's programs can only "talk" to another if there's a great deal of programming. There are specialty regulatory agencies for every area of healthcare labs, imaging, specialty areas (surgery, ICU, substance abuse & physical rehab, diff types of phys. rehab, outpatient; costs passed 2 U
1nerdse 5 months ago
Obamacare regulations cost so much to keep up with as do ever changing federal, state, & local regulations for SOX, HIPAA (healthcare-it raises your healthcare costs), corporate compliance, cost a fortune. Benefits cost employers they claim ~$20,000 for benefits for every FTE they hire, so they don't hire. I remember when steel mills closed in '80s in Pittsburgh, PA area, at one point on our base 2/3 of active duty were from that area. They've never recovered fully from that & now this???
1nerdse 5 months ago
Also before I got too sick to work, I was kept on but gien more & more work until I was doing the job of 6 people. This happens a lot & if people have any underlying health problems, they end up on disability b/c their health gets ruined. I haven't seen this addressed yet...I think it's b/c people who are disabled are viewed as lazy & unwilling to work. Then there are the tent cities all over the US, homeless, some professionals 50+ who can't get jobs.
1nerdse 5 months ago
People who are fired (usually on trumped up charges or one mistake inflated beyond belief or blamed for a boss's mistake or b/c their health is poor & they cost too much in benefits) aren't counted, either, nor are salaried people given "termination agreements" & take them in hopes of finding another job then end up not employed but aren't eligible for unemployment due to having taken the termination agreement....I've seen lots of firings on the basis of bosses who don't like them. I watched it.
1nerdse 5 months ago
"Our grandfathers and greatgrandfathers suffered a century ago." That's funny that only the male half of the population suppossedly suffered. I had a grandmother that suffered plenty during the great depressoin. Male ego and misogyny rearing its ugly head. The male ego was why so many jobs had to be offshored. Men demanded too much pay. A male with a less than high school thought he deserved a six figure salary, a huge house, monster truck, because he was male.
TheMoonandSea 6 months ago
will buying silver preserve your wealth?
garysquirrelreviews 7 months ago
This has been flagged as spam show
History shows when people get hungry enough they will riot. Kill or be killed will be the new policy in all cities. The US is bankrupt and our leaders are liars and thugs..... Americans act like they don't know this ? Stupid people will do nothing waiting for the end. Nibiru will be seen in the sky as a second sun this year, earthquakes and volcanism will continue to increase until reality cannot be ignored. Your all "walking dead" .....
greg357159 7 months ago
History shows when people get hungry enough they will riot and. Kill or be killed will be the new policy in all cities. The US is bankrupt and our leaders are liars and thugs..... Americans act like they don't know this ? Stupid people will do nothing waiting for the end. Nibiru will be seen in the sky as a second sun this year, earthquakes and volcanism will continue to increase until reality cannot be ignored. Your all "walking dead" .....
greg357159 7 months ago
and nobody addresses the idea of sustainablity. We're a runaway train, no brakes, so what can we expect?
It's the same with the economy as it is with the environment, take, take take until nothing is left. It is all tragic.
texasbluesfiddler 7 months ago
lol, minimum wage ghetto
sniped101 7 months ago
I know some people who have moved to China to escape the US economy.
Esoparagon 8 months ago
Ya'll are right. I'm wrong. Money is wealth, not land. It's money that produces food, not land. It's money you must live on. Not land. It's money that produces wood, fuel, oil and so on. Not land. After all, we can all sleep on money, and when we have money, we can tell everyone who can live on our money, what they have to give us for living on our money, what they can and can not do on our money, and we own the food produced on our money.
LeksServices 8 months ago
@LeksServices - Oh, wait. That's LAND, not MONEY! You have to sleep SOMEWHERE. You need to grow food SOMEWHERE. You have to get fuel and water SOMEWHERE. And your landlords have TOTAL POWER over your way of life! Landlords are governments; governments are landlords. There's no escaping any of that. But you all have this strange warped way of thinking that somehow manages to overlook the obvious. PATHETIC! Enjoy your lives of slavery!
LeksServices 8 months ago
@LeksServices The internet does not lower the level of public discourse; it lets you 'know' the level of public discourse.
We have a lot of work to do.
Panpiper 8 months ago
Dr. John Russo loves men and llamas in his cottage. He also love backgammon and poetry in Autumn.
11leeman 8 months ago
Dr. John Russo didn't even consider changing how money is created.
Stonegoal 8 months ago
Transparency can fix all these problems.
Stonegoal 8 months ago
Comment removed
Stonegoal 8 months ago
why wouldn't you challenge this guy?? that makes no sense. completely unsatisfying.
oiuoiu988 8 months ago
@18:45 you confuse demand with savings. savings is what sends the signal to investors to start projects aimed at future consumption, current demand doesn't matter much if nobody is deferring consumption.
oiuoiu988 8 months ago
"workingclassstudies..." indicates socialist/Marxist mystic of muscle.
qtutoringhelps 8 months ago 2
@MerulaMondlicht People are waking up, a lot faster than the elite want. My fear is gone, it's hard to sustain a strong negative emotion for years on end. The dollar currency will be replaced by money which is gold and silver. Many of us troll the alternative news sites to find the first domino to tip off the global financial crisis which will result in a currency crisis for nearly every country in the world since all currencies are now fiat currencies.
rayme4raw 8 months ago
@alennna Then I would say that YOU are the thief. I'll bet you dont use an outhouse, and that you go and use the roads, water. sewers etc.. As as for that mythological "Private" infrastructure, most private contracts ended up crappy. That bridge that fell in Minnesota was private contracted. The truth is that private companys have no interest in a good job, and every interest in profit (taking as much of your money as they can)/
paland99 8 months ago
@paland99 LIES! That bridge was built to GOVERNMENT standards in1967. It failed due to NEGLECT on the part of the MN DoT 40 years later. Moron, bridges are not something that you set up and just leave alone. They are dynamic structures. Especially in those climate swings. Blaming the contractor 40 YEARS LATER after the state was repeatedly warned it was "deficient" really shows what kind of either a liar you are or how grossly(willfully) misinformed you are.
WurledPeas 8 months ago
@paland99 Private contractors have a deeply vested interest in high quality. A firm that fucks up likely wont be rehired and like as not sued out of existence. Conversely public works entities just point the finger when something fails and trudge right along. True witness being that bridge. And don't claim higher taxes are needed to fix that and all the other bridges. They have stolen and subsequently misallocated plenty for that. See our public education(indoctrination) system. Total fail.
WurledPeas 8 months ago
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Harold Camping was RIGHT about May 21, click on my channel to see...
youneekk 8 months ago
That guy would have fit in nicely into the FDR administration. Tax and spend. Shameful.
WurledPeas 8 months ago
The truth is abundantly clear. Neither political party has a solution for our economic crisis. They only use 'jobs' as a slogan.
Here is why
1. Between 1999-2008 the USA Global Corporations sent all manufacturing jobs to Asia. All political parties helped to accomplish this.
2. The education level in the emerging Asian countries is now better than the USA.
3. A slow degradation of the USA living standards has already happened.
an it is not getting better. 3rd world status coming up.
topthickproducer 8 months ago
@MerulaMondlicht The budget will pass, it's a lot of political posturing but I don't believe for one second that our criminal officials will let the government collapse. They're not going to kill the goose that lays the golden egg while they're still in office. Congress is show business for ugly people which is why I don't watch them. I watch the CW channel, bad acting but pretty faces.
rayme4raw 8 months ago
To add more to it, The Bush tax cuts did nothing to create jobs. And jobs here have been leaving for 40 years, Its not a new thing. Those who want no taxes either like living in a slum or just dont want to pay their fair share. They just want to leech off of the hard working class!
paland99 8 months ago
@paland99 Wrong. I own a small business. I was able to expand and hire due to those so called tax breaks for the rich.
WurledPeas 8 months ago
@WurledPeas If you got one of those tax breaks, then you are NOT a small business, Excon Mobile is NOT a small business.
paland99 8 months ago
@paland99 Geez....so I have been a tycoon all these years and driving a 20 year old Suburban and buying my clothes at Sears? Yeah, I got a tax break. No, I ain't J. Paul Getty. I was able to hire people with those cuts. It would take three guys paying my taxes to fund their welfare(that you would see them on gladly) because of the inefficiency of the fedgov. But that would be OK with you. Seeing your humanities degree hasn't gotten you a real job.
WurledPeas 8 months ago
@alennna No I dont think so. We pay less in taxes now than we have in 60 years, And the intrastructure needs to be rebuilt, Taxes do that, not rich people who do nothing to create jobs. Jobs are created by the small investor who fills a need because people are out spending. The only jobs that the rich create are sweat shops in Indonesia and the Phillipines, Really, if you dont want to live in a slum, then pay your fair share.
paland99 8 months ago
i beleve it being i cant find shit for work not even minum wage.
luther349 8 months ago
Should have started it off with...
Nappa: Vegeta, what do the statistics say about US Unemployment?
Vegeta: It's over THIRTY PERCEEEEEEEEEEEEEEEENT!!!!!
-and then Stefan crushes his scouter.
ninetales1234 8 months ago
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@GoldenArroWill yes it is. it has been all throughout history.
Are you being idealistic to make a point? Or are you ignoring reality?
Lombokstrait1 8 months ago
24:05 haha I love that eyebrow raise after Russo says "(soldiers) Put their lives on the line for *American freedom* "
numbah1pinoy 8 months ago 16
@numbah1pinoy You're right, his eyebrow twitched seemingly involuntarily. He must have been suppressing such a scream.
PluralOfEverything 8 months ago
4:31 death stare!
correiapl 8 months ago
I am always impressed with Stefan's courtesy when interviewing people who hold an opposing view. +1 for classy.
Helionaeic 8 months ago
whats wrong with selling drugs?
fps0chris 8 months ago 2
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@fps0chris poor working conditions?
stonerpanda 8 months ago
@fps0chris be the future.
Lombokstrait1 8 months ago
@Lombokstrait1 ?
fps0chris 8 months ago
@fps0chris selling drugs can help form a better tomorrow.
Lombokstrait1 8 months ago
@Lombokstrait1 nah, I used to be a big drug user but have stopped for the past week...drugs used to be one area where I disagreed with Stef...i.e. lsd can help u obtain knowledge otherwise unobtainable in a normal state of mind....lsd just makes u insane...its fun tho....drugs really no matter what the excuse is r for self medicating
fps0chris 8 months ago
@fps0chris Dude, I was joking. Being sarcastic.
Lombokstrait1 8 months ago
@Lombokstrait1 o because theres def a legitimate reason y u could be pro-drugs...comin from a person who used to be a heavy user..anyway here is the long awaited......lol!
fps0chris 8 months ago
Very interesting point about people joining the military due to a lack of real (read: productive) jobs within the economy, I bet the government has known this for a long time too. How many wars will the world have to tolerate in the short-medium term?
mozaks80 8 months ago
@MerulaMondlicht Extended unemployment benefits expire in January, people who are laid off on July 1st or after will receive no extended unemployment benefits unless Congress pushes through another bill that extends them. I'm pretty sure that they will extend them since nothing changes government quite like an army of unemployed people with no money and massive desperation to change the system. Congress doesn't want to hear from the little people so they'll extend them.
rayme4raw 8 months ago
@GoldenArroWill My parents go to McD's here in MO & they talk to everybody. They asked how do employees at McD's make it since each employee only gets 20 hrs a week. Turns out that everyone at McD's all have at least 3 part time jobs that they work. There are currently 3 million jobs out there and 2 out of 3 are part time or temporary. I've noticed that in my job search as well.
rayme4raw 8 months ago
@rayme4raw they should join the army and be all they can.
Lombokstrait1 8 months ago
@Lombokstrait1 ??? What? You want the people that work at McD's to join the army? Maybe when it's okay for our troops to be several plus sizes too big. My McD employees either look like whales on legs or so skinny because minimum wage doesn't afford them much food. None of them look like they'd get past the initial inspection.
rayme4raw 8 months ago
@rayme4raw that's why you have boot camp. but really the army is an excellent social work program. full pay, housing too and benefits...
the armed forces is an excellent place to put the poor.
Lombokstrait1 8 months ago
@Lombokstrait1 A $1 Trillion per year social program, awesome. What's our deficit last year as well as this year? Oh yeah, $1.5 Trillion. That which is not sustainable will just end someday soon.
rayme4raw 8 months ago
@rayme4raw Are you including the black ops budget (NSA and CIA) in that $1 trillion?
Anyways, I was being sarcastic. Of course it's not sustatinable.
But then again civiliization as it stands today is unsustainable.
We have to manage our decline and the coming collapse. Having a large, lethal, and dangerous military is clearly part of the plan.
Don't look for solutions anymore. It's too late. Just enjoy the ride down.
Lombokstrait1 8 months ago
@Lombokstrait1 Ron Paul explains that while they're upfront with the $700 billion budget, they add the increase each year with additional spending bills to bring it to $1 Trillion.
I think that people need to look for solutions on an individual level. Trying to change the system at this point is well "pointless".
rayme4raw 8 months ago
@rayme4raw On an individual level... Isn't that a bit idealistic? I want to agree with you but it's like the quest for the holy grayle. A society will never work that way in a pure sense.
Also predators and opportunists don't think on an individual level... organized crime (of all kinds) preys on the many. So individuals need to organize also to fight them in bigger numbers.
It doens't matter, your solution of individualism won't happen so we are back to square one. The system will break.
Lombokstrait1 8 months ago
Stefan you were VERY nice to that Keynsian socialist.
freesk8 8 months ago 25
@freesk8 I don't think the dude is a pure socialist. He is just grasping for solutions.
Now that the govt. is owned by the rich and the free market is not really free (dominated by Multinational Oligopolies) I don't think there are any answers.
Ideologs will divide further and anger/resentment will fester... then lots and lots of blood. When? I have no clue. Inevitable? Almost certainly.
Lombokstrait1 8 months ago
@freesk8 And he should have been. I don't understand why many of us Austrians are so malicious towards someone else who holds a legitimate view on political and economics systems. Respect is the best trait you can have.
Surouness 8 months ago
@freesk8 To quote that spectacular made-for-TV movie. "Merlin", "You can do whatever you want, so long as you aren't rude. To be rude is to be weak."
MabusZero 8 months ago
@freesk8 Stefan is a free thinker and is waking up.
MrSammo1 8 months ago
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I like how Ron Paul doesn't participate in class warfare. What's good for America is good for blacks.
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Re: Israel, Google "Are Evangelical Christians Warmongers" by Pastor Chuck Baldwin
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vechorik 5 months ago
OH MY, "unemployent"? Stef...
RuddODragonFear 8 months ago
YES! We need more TRAINS! Because that's our problem. We need to transport more people from one point along a line to another point along that same line. That's step 1. Step 3: PROFIT!
tzankich 8 months ago
25 min of how the gov't does things wrong followed by 5 min of "the gov't ought to fix it". I love Stef's facial expressions when Russo started in with that. Does this guy listen to himself at all?
CaptainLazerus 8 months ago
@CaptainLazerus SAID:
"25 min of how the gov't does things wrong followed by 5 min of "the gov't ought to fix it"."
Yeah, I felt like he strayed into Bizarro World there...esp. the part about resuscitating the failed economic policies of the 1930's. It was a strange interview and he's lucky it wasn't a debate.
ashane77 8 months ago
@Panpiper at the moment, the government's fascism is still sufficiently overt that there are millions of sheep here on YouTube, who still think they can viably justify the government's behaviour. Let the government start killing people domestically in groups of probably more than 50 at a time, however, and that will change.
petrus4 8 months ago
@petrus4 I agree, the people will not rise up unless something like that starts to happen, and I expect the situation to get bad enough that it might. What concerns me is what arises from that. We could easily wind up with an overt fascism, complete with a strongman dictator who promises the masses that they will be protected from the "domestic terrorists". That is in fact historically the typical route for a failed democracy (as all democracies fail due to fiscal problems).
Panpiper 8 months ago
@Panpiper The only way to avoid that sort of fate, giving a dictator the "domestic terrorist" ploy, is for those who resist, for those who are targeted, to wholeheartedly adopt the tactics of Gandhi. We need to stay true to the non-aggression principle, going so far as to abandon even our right to self defense. Force them to kill or incarcerate 'peaceful' people. Never let them have even the slightest excuse for their violence.
Panpiper 8 months ago
@Panpiper America has a domestic network of over 600 inactive concentration camps, the legislative basis for which dates back to Reagan. If it gets bad enough, you can expect to see them begin to go online.
There might be some overt mention of domestic Americans being sent there, but you will more often hear talk of illegal Mexican immigrants, or Islamic terrorists. American racism will be exploited to the hilt in order to justify said camps' use, even tho whites will also die in them.
petrus4 8 months ago
@Panpiper I see a dollar collapse coming. I'd love to see how a "strongman" takes charge when there's no money for the troops. Peak government is over:)
rayme4raw 8 months ago
@rayme4raw A dollar collapse comes amidst the Gov running the printing press at full tilt (and adding zeroes). They will have plenty of money. It's those not on the Gov payroll that will suffer, likely from wage and price controls. The troops will for the most part, happily keep the resulting 'domestic terrorists' (those who engage in black market activities, like the free market, or using gold and silver for exchange) in line, for fear of loosing 'their' favored status.
Panpiper 8 months ago
@Panpiper Yeah, that'll work in a country with 90 million gun owners with over 450 million guns. The military will back the people or they'll be killed.
rayme4raw 8 months ago
@rayme4raw See i like that, other countries don't have any access to weapons, the civilians can't defend themselfs if a dictatorship rises
thinkstrait 8 months ago
@thinkstrait And we definitely have a dictatorship rising.
rayme4raw 8 months ago
@rayme4raw Oh no... another couch-commando who likes to fantasize about someday (preferably in the far future LOL) taking on the US military to 'get freedom back' - you bozos won't even make it past your first engagement with the cops - who hate your guts and will happily mow you down just for kicks
2001Horatio 8 months ago
@2001Horatio LOL, you should see the fat ass commandos that haul their bulky bodies to the shooting range once a week here in Missouri. They're damn good shots. The shooting range is the only place damn near that I don't see the cops in uniforms. Shooting is a lot like bowling, you don't need to be in the best physical condition to hit a target. Lord knows, if you could see the size of some of our cops, it'll be a battle between couch potatoes in these parts.
rayme4raw 8 months ago
@rayme4raw Well I agree with you on that.
2001Horatio 8 months ago
@petrus4 That's why they're going to kill us one by one
clemonsx90 8 months ago
@Panpiper a fascist government has to walk a tightrope. Too little repression of the population, and they are unable to meet their objectives. Too much, however, and they end up having to commit large scale attrocities in order to maintain their position, which completely destroys any veneer of legitimacy that they otherwise may have had.
petrus4 8 months ago
Just FYI, in a population of 300 million, 25-45% translates to anywhere between 75 and 135 million people unemployed.
petrus4 8 months ago
I have long thought the unemployment rate is much higher even than shadowstats estimates and Dr. Russo reinforces that impression for me. Unfortunately his solutions reveal an intelligent mind thoroughly tied up by faith in the state. His solutions are part of the problem.
JoeSchlock 8 months ago
@JoeSchlock He'll find out soon enough that the state will offer no solutions. My dad is pretty smart and hates the current government, but still keeps saying, "If they'd only do this instead of that." LOL, if wishes were kittens.
rayme4raw 8 months ago 2
that interview was so goood!!! i learned alot.
lindabebe835 8 months ago
Man, I could feel the annoyance stef had listening to the guy when he started spouting his leftist views.
Shezmu 8 months ago
His prescription for the problem is going to make things so much worse.
Visfen 8 months ago
Welp, you can't accuse Stefan of only talking to people he agrees with. That must have been excruciating.
DrSammyD 8 months ago
21:15 "producing too much"... why are all labor economists such victims of this under consumptionous myth?
Visfen 8 months ago
In my opinion the employment rate is a figure that can be manipulated much less readily than the unemployment rate, and is more useful for tracking the health of the labor market.
Ape65 8 months ago
Thank you for posting this Stefan. I recently landed a job thanks to the information found in your job interview related podcasts.(for those interested, they are interspersed in the podcasts section at freedomain radio dot calm....and they can also be found here on youtube if you search for the following phrases:
•Preparing for a Job Interview - Freedomain Radio
•Job Interview Skills
• Creating a great resume...
•The Philosophy of Career Success
• Succeeding as an Entrepreneur
eyejudgeeverything 8 months ago
You put contemporary television in shame with the graceful manner and professionalism in which you conduct your interviews.
slipcurve 8 months ago 38
I am not being counted...and I have four friends...same thing..given up on that ...I do things to make some cash..but its not much...I have learned to live with less and its not so bad...I dont really need most of the "stuff" I once thought I did...kind of freeing actually...Living less is more is the way to go at least for me..
rdmj1968 8 months ago
I don't see how the unemployment rate could possibly be that high (no doubt the official number is incorrect by discounting discouraged workers and others). I just can't see how it could be when food stamp participation rates are only at 14.5%, unless that number is also incorrect as well. I think shadowstats is closer to reality.
DuncanL7979 8 months ago
Is he a Keynesian? He used the usual aggregate demand nonsense.
rumco 8 months ago
Issue with GDP is that it's priced in dollars
If the dollar's value goes down and real GDP doesn't change, suddenly the GDP goes up even though nothing changed
RogueSwordThesco 8 months ago
Voter id is necessary. Otherwise cheaters win.
megagagnon1 8 months ago
Play fail at 22:52 for some odd reason. It might have something to do with my so called new China made laptop?
slhines7 8 months ago
@VitalitySole That's true. But let's be clear with our language; marines are not soldiers. Soldiers come from the Army. Marines come for the Marines. Sorry for the nitpick...
wadams19 8 months ago
If one can't obtain a photo id they shouldn't vote.
ALittleBitPregnant 8 months ago
@ALittleBitPregnant: People shouldn't vote period.
andyissemicool 8 months ago
@andyissemicool good point
ALittleBitPregnant 8 months ago
John Williams of Shadowstats also says the unemployment rate is bogus---he thinks it is btwn 16-20%
1977Melville 8 months ago
@1977Melville Currently 22.6% according to shadowstats.
rayme4raw 8 months ago
@rayme4raw. Your right. Yahoo just posted a story about the growing problem of unemployment fraud. The U.S. economy just keeps getting better : (
1977Melville 8 months ago
@1977Melville It makes for great alternative news
rayme4raw 8 months ago
If Star Trek was real... I would want Stefbot to be captain of the Enterprise...
But then I am sure stefbot would scold me for thinking that way.
batfly 8 months ago
@batfly Stefan would go all batshit immature and call it Marxism with Spaceships.
TheBigKiller 8 months ago
Wait, this guy wants to tax the rich? socialism? huh?
alistairproductions 8 months ago
stick a fork in the USA. it has terminal cancer (a.k.a., stooopid populace, mil/indus complex takeover, bible thumpers without even knowledge of the bible, duh)
we must find somewhere to emigrate to.let the mexican have their Newer Mexico.
why was the nation taken down the whole Drug/Hippy road..AFTER THE ASSASSINATION ON THE PRESIDENT OF THE MOST POWERFUL NATION...
TO DISTRACT, have half of the people drugged up havin 'free love' with anything that walks, and the other half, biblethump'n
semperfortis2009 8 months ago
going off the rails on a crazy train...
I like Stef's serious face.
bobafruti 8 months ago
if unemployment is so bad, then why don't I see it? Perhaps I'm a bit sheltered, but I haven't seen much change in "the economy" from a practical viewpoint. I don't doubt that things are horrible, but how could I tell this in my everyday life?
aletoledo1 8 months ago
@aletoledo1 WOW...you must have the ray of sunshine over your head at all times....Lucky you... the rest of us have seen loss of wages, higher food bills increase in taxes, fuel has gone up, home prices have come down...Is there any room on your island?
DarktimePatriot 8 months ago
@DarktimePatriot I see the higher food and fuel prices. I see the flat housing market as well. I don't see higher taxes and I don't see the unemployment. I'm just being honest here.
So how exactly can I see the unemployment with my own eyeballs? Again I don't doubt it, I just want to see it for myself.
aletoledo1 8 months ago
@aletoledo1 you are right, you must live a sheltered life
BadMonkeySyndrome 8 months ago
@aletoledo1 You're blind possibly. I live in rural Thailand, and i see the effects of the global recession.
pretorious700 8 months ago
@aletoledo1 You have to talk to people, my parents are social butterflies. They tell me at least twice a week about how this person or that person is now unemployed or how long it took them to find a job, how they had to move to another state to get the job. It's so bad that a couch potato like me is meeting people who are unemployed or about to be unemployed. Some people can be isolated but 48% of Americans now have someone in their household who is unemployed.
rayme4raw 8 months ago
stef stop looking to your right you look like an owl!!! hahaha i always wondered what you are looking at. so what is it!!??
TheVibratory 8 months ago
wont india and china collapse if western nations decline ????
twistedwest1 8 months ago
@twistedwest1 No. Do a YouTube search for Peter Schiff and watch some of those videos. He addresses this question frequently.
Panpiper 8 months ago
@Panpiper so your saying the europe and north america will collapse and india and china will be out top economically. would it be good if i moved to india or china?
twistedwest1 8 months ago
@twistedwest1 Be aware that India and China have their own problems, they are just not sinking economy problems. But yes, if you happen to speak Mandarin or Hindi, moving to China or India might be a smart move economically, if you think you can make it in their world. Alternatively, get entrepreneurially self sufficient from an employment point of view where you are (I do not necessarily mean do your own farming). And get used to an underground economy.
Panpiper 8 months ago
@Panpiper i was born in california lived her my whole life but i got the option of going to punjab in india because i have punjabi ancestry. i also have relatives there and my father owns property and farmland there. so i have the option and plus the people there speak english very well and are required to learn it in school so i wouldent have any problem fitting in . but im hoping for the best the usa stays alive. if ron paul is elected will in save the usa or are we still doomed?
twistedwest1 8 months ago
@twistedwest1 The US isn't doomed. It just has a lot of problems, just as do most countries.
Ape65 8 months ago
@Ape65 you are either really rich, work for the gov. or extremely stupid. the market WILL crash to introduce the American euro and for the global gov. reasons. the IMF will step in, which they have already downgraded our credit ans said were in trouble if we don't pay our credit debts. Not that i believe the IMF, it is a forced plan of action not chance not fate.
jhsoulscope 8 months ago
@jhsoulscope Actually, I believe that we'll be using gold and silver as money, not a gold back dollar like the elite want. Fiat currencies are only backed by faith, once that goes, history has shown the people move back to physical precious metals.
rayme4raw 8 months ago
@twistedwest1 Ron Paul cannot save the US. The best he could do is gridlock the system. There is too much inertial in Washington for a single president to turn it around in a single term. Worse, should the impossible happen and Ron Paul actually win, and the monetary system then still likely collapses before he can force a repeal of legal tender laws, the people will blame freedom for the collapse, not the state. In many ways, if is better for now for Ron Paul to 'not' win.
Panpiper 8 months ago
@Panpiper one of the things which I am getting very tired of, where Americans are concerned, is the constant seeking of a saviour to put into the White House, simply because the public cannot comprehend the idea that NO president can save them...that they must save themselves.
petrus4 8 months ago
@petrus4 The problem however is that with the current financial/regulatory/licensing system the Gov has in place, the only path to 'saving one's self' is very likely to either currently be, or soon shall be, criminal. People are faced with either hoping beyond hope that the system can be fixed, or facing the grim reality that men with guns shall soon be coming for them. The free market is effectively illegal, and so is the entrepreneurship most of us could theoretically use to save ourselves.
Panpiper 8 months ago
@Panpiper a} Shooting more than a very small number of people in plain sight, is not in the government's best interests. They need to keep the number small enough, that they can plausibly claim self-defense from terrorism. So criminalisation of self employment in most cases will not be enforced, or certainly not with lethal force.
b} The police are cowards, who rely on a disarmed and servile populace. They generally do not cope well with anyone who decides to shoot back.
petrus4 8 months ago
@petrus4 I'm not talking about them directly imposing the death penalty. Try opening a lemonade stand. Try not paying the $500. fine you get. Effectively resist the men with guns who come to take you away and they will kill you. Virtually everything you attempt to do to save yourself must be done with the appeasement of Big Brother at every step, and knowing all the asses that must be kissed and bribes (licenses) that must be paid is virtually impossible without paying a team of lawyers.
Panpiper 8 months ago
@Panpiper That is the point, though. The men with guns rely on the idea that they will likely only need to kill one person at a time. A small number of people is superficially justifiable. The government can use terrorism for such, by claiming they had a bomb or something similar.
If a sufficiently large number of people rise up at once, however, that is what the government truly needs to be afraid of. If they put that down, they can't justify it afterwards.
petrus4 8 months ago
@Panpiper The thing your government needs more than anything else, is narrative control. Most of the time, that works against you, but it can also work for you, because the more force they employ, the more difficult it becomes to justify their actions.
I was surprised at the student party raid, because of how blatant it was. Too many incidents like that are dangerous for the government; their tyranny must remain plausibly deniable. That is what undoes fascism, in the end.
petrus4 8 months ago
@Panpiper best then to leave the country. but ron paul has a very high chance of winning this time.
twistedwest1 8 months ago
@stefminus
Neither........It's a FACT. You how I know? Because I had trolls aggravating me over it.
VonHelton 8 months ago
Old news........I warned about 25% unemployment 5 years ago. However, it's nice to see others catching up.
VonHelton 8 months ago
@VonHelton Keep thinking that, turkey.
TheBigKiller 8 months ago
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magichandpuppet 8 months ago
nice interview, stef found it hard to insert his usual "anti state but keep monetary system" garbage.
the "soldiers coming home" bit was something i didn't really think about before.
meadowsirl 8 months ago
@meadowsirl - If you watch stef's earlier videos, you will see that he clearly does not want to "keep [the existing] monetary system".
magichandpuppet 8 months ago
@magichandpuppet not different enough. the problems are just moved around.
meadowsirl 8 months ago
@meadowsirl - there is no perfect system. The worst systems are ones which are forced upon others. People chose to have money, and that is their choice. But, the current monetary system is one is forced upon us (via taxes) and is based on fraud, deceit, corruption, coercion, and state-violence. To dream of life without the need for money is to dream of something which will never exist without coercion and the threat of brute force upon everyone.
magichandpuppet 8 months ago
@magichandpuppet nonsense, will we still use money in 1000 years time when every labour aspect of out life is automated, I hope not. If not then then why not start now. Your fears are projections and are not rational. I don't support a system that has half the world living on 2$ a day. Sometimes I cant believe some people think that corporate police and firemen that don't come if its not profitable is the answer to the worlds problems. Amazes me.
meadowsirl 8 months ago
@meadowsirl - I have no earthly idea what it will be like in 1000 years and neither do you. Possibly the civilization experiment will be over. These aren't fears or projections. They are simply unknowns (by me OR you). And, why are you measuring people's livelihoods by (American) dollars a day outside the US? Have you even been to a third world country? Or, are you basing your ideas on some Sally Fields commercial? And, by the way, anything "corporate" is state-sponsored... as in NOT anarchy.
magichandpuppet 8 months ago
@meadowsirl
Who's stopping you VPers from est. your communist city?
ashane77 8 months ago
@meadowsirl
Why aren't you VPers living in "no-one-owns-anything" communes NOW?
You ask "why not start now?"...well, go ahead!
Before forcing the entire world to be one giant , mechanized, Marxist commune, why aren't you people practicing what you preach NOW?
ashane77 8 months ago
@ashane77
Because as long as there's money, the VP cannot come to fruition. Money creates the scarcity, which ties up the resources we need to pursue our goals. Because of money we are fighting wars, instead of creating an abundance of everything for everyone, which is entirely possible, now! We just need a shift in how we think.
Get rid of money, then it'll come naturally!
rolryce2012 8 months ago
@rolryce2012 Money is simply a token of value. Slaves were once state protected and enforced property and they were traded as a commodity. A commodity is a raw form of money. If non-human value tokens are universally banned, but people still exist, you've just created the conditions for people to be used as value tokens in a black market mode, or worse, the "official" one. The VP solution to end that would then be to 'get rid of' value token people? - following the destroy all money principle.
IcarusMoonsight 8 months ago
@rolryce2012
Money doesn't create scarcity. It is elementary to see that many (if not all) resources are finite--money has zero to do w/this.
Money doesn't cause wars--greed, lust for power/control, immorality, and authority-worship do.
That VPers can't understand these BASIC concepts illustrates they've failed before they've even begun.
That money exists does NOT prevent VPers from forming the same communes they'd like to force on EVERYONE.
ashane77 8 months ago 4
No surprise here in Iowa. The official unemployment rate is 6.1%. Employees of Iowa Workforce Development (the unemployment agency) say that it's closer to THIRTY percent.
DakotaWRS3 8 months ago
Stef you should get Bob Chapman and Gerald Celente into your show ....
TechTVChannel 8 months ago
@TechTVChannel
Stef no you should not.
gerald celente is an arrogant collectivist who talks half the time only about how great he is and how he predicted everything, when really he's full of shit.
1schwererziehbar1 8 months ago
we've been losing jobs over the last ten years while gaining 30 million people.
jsmith2144 8 months ago
even this employment figure is based on people who want a job. they should go by the percentage of people actually employed. when you cut out retirees, minors, and disabled adults on top of "unemployed", the remaining number of actual producers that support us is very low. i say you cut out financial services too. if you get right down to it, its like 5% of people that support all our necessities with the help of some really cool tools.
jsmith2144 8 months ago
I needed to take early SS. My husband became permanently disabled, but had to wait 2 yrs 5 mos until he got Medicare coverage.
His $ 940 SS Disability check put him over the limits for medicaid assistance.
He couldn't work (Traumatic brain injury), yet had no medical coverage for his expensive drugs, and no in home care help.I had to care for him, could not work, hense,- early SS - at much reduced rates. Oh well that's life in our brave new world.
macpduff 8 months ago
I hope Doug Casey comes back again soon.That guy is classic like Jim Sinclair.
1977Melville 8 months ago
this video is somewhat awkward, watching you gesture in response looking at US when we cant see the speaker. Something is offputting about this format, when youre listening for extended periods. Also you look angry when you're listening, it's quite funny really, it clouded the message for me. Sorry, vent over
fishslappr 8 months ago
There was many a good horse that went down the hill but he came back up in the knackers cart. Yet those horses of privelege who just pose outside buckingham palace, and prance, and parade, up and down the mall; they're turned out into a meadow of cowslip and clover. Cripple the economy folks what have you go to lose... nothing but the chains of debt slavery; unite and defy!!!
MetaReaLizard 8 months ago
This one wants a new Hoover Dam...
dromeiro 8 months ago
"Working Class" used to mean literally work and die.
The entire concept of "retirement" only came about as productivity increased so dramatically during the 19th century that it became possible for someone to produce so much that they not only could support their family, they could store some of that up and have it to spend later without working at all.
Capitalism. The private ownership of the means of production.
CurtHowland 8 months ago