Peter Schiff & Steven Keen on SBS Dateline (Australia) - Part 1 of 2

Steve Keen discusses the global economic situation with Peter Schiff on SBS Dateline with George Negus

Link to SBS Dateline http://www.sbs.com.au/dateline

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[s0beit]

@PNACATTACKdotCOM There's nothing "far right wing" about government monopoly and corporate assistance by government. That doesn't mean we should penalize all businesses either, but rather government should be less involved in all kinds of business in general. No assistance, no special interests, nothing. That would be "far right wing".

[BIackOp]

@PNACATTACKdotCOM That doesn't mean they are not socialists, even if Republican. Ever heard of Corporate Socialism? Its a stage just before the state takes over the means of production. Its still economic interventionism. That top % have privileges from the state aka barriers to entry, bribe the poor, and regulate the middle class to death. Wing fringe ideology is sports team fallacy, especially when its picking the left or the right boot of the state, its still licking the boot.

[PNACATTACKdotCOM]

@BIackOp "That example is like one socialist pointing at another saying you aren't wearing enough red"

No. Most of top 10% owners of USA are mostly republicans and rest of them are democrates - so they are right wingers. So today they are far right wingers.

[BIackOp]

@PNACATTACKdotCOM That example is like one socialist pointing at another saying you aren't wearing enough red. It doesn't mean the former is not a socialist, even if right wing.

[PNACATTACKdotCOM]

@StatelessEuphoria - An Example Republican Party (95% of representatives) and Democratic party USA (40% of representatives) today are pure far right wing parties with same goal and principles SS and SA as parties had befpre they came NSDAP - pre-GOPDEM (1-1-2009)

[PNACATTACKdotCOM]

@StatelessEuphoria "And just so you know, the top 10% in america tend to be centre-left, not "right wingers".According the Scandinavian + European Standarts and moreover according the standarts of left wing principles - they all are right wingers. In US politics and people are so far right now, that they can't even see that.

[StatelessEuphoria]

@PNACATTACKdotCOM

The fed was created by government. On an ACTUAL FREE MARKET, there would be no government granted monopoly on money supply.

And just so you know, the top 10% in america tend to be centre-left, not "right wingers".

[whereismybailouttv]

An IMF question.

Just heard online that the Irish Govt. is negotiating for a 90 billion Euro loan from the IMF. Since several countries have been bailed out already, how will the IMF sustain their reserves? How much are IMF members required to contribute to the annual budget?

If one member refuses to be part of a bailout, does the entire IMF collapse?