The Dollar, the Euro and the Deepening Crisis

Leo Panitch: US consumes five times China and India combined - Asian markets are not the way out of the crisis

Category:

News & Politics

Tags:

• Dollar
• Euro
• Deepening
• Crisis
• Leo
• Panitch
• US
• consumes
• China
• India
• Asian
• markets

[KillerWhaleSFl]

historians will look at the monetary market system as the pivotal cause for the destruction of civilization.

human well being? social progress? no no no... PROFIT .. thats what matters

[Aiden057]

I usually like Panitch, but in this segment he seems to be almost channeling Thomas Freidman and seems way off the mark. For instance, he makes no mention about the rampant criminal activity of the U.S. bankers, the idiotic deregulation and several other 200 lb gorillas. I'm always glad to hear from him, but I think he needs to think this out a little more. Nevertheless, thanks for another thoughtful, informative segment.

[manictiger]

If we put all this effort we put into stealing and diplomacy (lying) into creating a self-sustaining infrastructure, we'd have electrical cars that drive themselves and have wi fi. All food would be organic and free of cost and electricity would come from Thorium and tidal generators. Robots would maintain everything including themselves and we'd all have hobbies instead of jobs.

Instead of that, we're too busy stabbing backs and protecting our own-- spending and working but never having.

[Efteling4Ever]

Bwahahaha "HE showed up at an EU meeting and told them to stop "squeezing"". LMAO. And then THEY told him politely that he could go f.. himself, as now they are "squeezing" more than ever before? The US simply play no role whatsoever anymore in Europe's agenda. And as if wasting non existing gazillions over and over again on top of an already staggering US deficit would lead to anything better than the European approach of cut backs.........

[Efteling4Ever]

@Yous111111 "The Euro was created so that Germany could sell his good in Europe" Yeah, and Aliens vist Earth and put probes up people' s butts. Also true. :-)

[Efteling4Ever]

@akkonburike "But WHY are the Europeans (on this sub) loosing their cool? Why this over reaction to Panitch's assessments?"

Because there is a lot of nonsense in there maybe?

[Efteling4Ever]

Bwahahaha "If anything is gonna go up in smoke its the Euro". Oh pleaaaaaaaaase.

Americans and their wishful thinking. They have understood NOTHING of what is happening in Europe. ZILCH. It is a political currency. It is a struggle between pro- and anti-centralised Europe and inevitably will ultimately (out of financial necessity) lead to 3rd party budget control of Eurozone states. It will be the strongest step towards a "European state" in decades.

[dharmaatdawn]

@asphyxiafeeling hahahhaahha that was actually funny. you should try stand up

[ReVoLVeRzHD]

Is this the fucking trick of the illuminati?!!?

[yoshidis4]

my speakers are full and still i cant hear what he is mumbling

[Aiden057]

@BabylonsKing @Eraser7622 Thanks for replying. I actually like TRNN and Leo usually has some good and thoughtful comments, but in this particular segment, I think it really missed the mark and Paul didn't ask the usually incisive questions he often poses to guests. I'm willing to cut them both a little or slack, generally, I was just surprised by this segment.