Financial War in Iran, Riots in Greece and Jobless Conspiracies in the US!
Sign in to YouTube
Sign in to YouTube
Sign in to YouTube
Published on Oct 9, 2012
check us out on Facebook
Follow us @
Welcome to Capital Account. The IMF lowered growth forecasts and warned of a world-wide recession in its World Economic Outlook report. This was the IMF's bleakest assessment of global growth prospects since the 2009 recession, according to the Wall Street Journal. Is the IMF late to the party? It upgraded growth prospects for only one major nation from its previous forecast: the US! Did the IMF take into account that the US is in a QE induced coma? We talk to Mike Shedlock about the meaning behind the IMF's report.
Also, the US jobs numbers released by the BLS last week are still making headlines. The downturn in the unemployment rate during the election season prompted some high profile people, such as former GE CEO Jack Welch, to suggest that President Obama's team manipulated the data. Our guest, Mike Shedlock, Investment Advisor for Sitka Pacific Capital, is here to dispel the conspiracy theories around the drop in unemployment.
In 2003 Austan Goolsbee, who later became an Obama aide, argued that in previous economic downturns "the unemployment rate has been low only because government programs, especially Social Security disability, have effectively been buying people off the unemployment rolls and reclassifying them as not in the labor force.'' He cites the loosening of the standards to qualify for disability payments in the 1980s and 1990s as a reason for the increase of those in the disability system, a form of 'invisible unemployment.' The trend of rising disability insurance has continued in this recent economic downturn. We talk to Mike Shedlock, author of the popular blog Mish's Global Economic Analysis, about factors that cloud and complicate the unemployment picture.
Plus, Angela Merkel is in Athens offering words of support for her Greek counterpart. Talk is cheap, far more expensive are the conditions for more bailouts and debt write-downs! Words of support don't pay the bills or reignite a stalled economy. Lauren and Demetri look at how the mainstream media has misrepresented the problems in Greece. Also, Iran faces hyperinflation...or does it? Lauren and Demetri discuss the economic impact of sanctions and price controls in today's "Loose Change."
- 25:46 Keiser Report: Mr. Gold vs Chump 'Economists' (E350)by RT Featured 39,560
- 28:03 Nigel Farage on the Rise of UKIP, the Fall of Europe, and the Parallels for the USby CapitalAccount131,168 views
- 28:06 Marc Faber on a Global Crash, the U.S. Treasury Bubble and China's Slowdownby CapitalAccount68,734 views
- 27:33 The Precious Metal Barter Tax and IRS Mission Creep!by CapitalAccount23,294 views
- 28:05 Eric Sprott: Silver to Outshine Gold as the Investment of this Decade!by CapitalAccount49,177 views
- 57:48 NEW MILLIONAIRES - HOW ARE THEY MAKING THEIR MONEY (Documentary) Finance/Educationby TheBigbang10011,085 views
- 1:50:06 The Impending Collapse of the World Economy (Full Documentary)by MyDogAndAll100,348 views
- 45:42 Iran, Nuclear Weapons, Imperialism and Inflationby Stefan Molyneux9,797 views
- 52:46 El fin de Estados Unidosby Emmanuel R179,257 views
- 46:22 Overdose: The Next Financial Crisisby Journeyman Pictures1,674,589 views
- 46:06 Mondialisation, quand Le FMI fabrique La misèreby cherik ramdane5,793 views
- 10:42 Amber Lyon reveals CNN lies and war propagandaby RT America254,512 views
- 15:55 Man on the Stake - Iranby Journeyman Pictures14,876 views
- 7:49 Nigel Farage on Obama and scenes from Athens riotby Jason Carter17,269 views
- 43:07 Don't Be Fooled By The Smokescreen, The Economy Is Collapsing -- Episode 210by X22Report10,787 views
- 59:01 There Will Be No Economic Recovery. Prepare Yourself Accordingly.by Stefan Molyneux526,184 views
- 12:18 Trapped in Unemploymentby CBSNewsOnline33,425 views
- 3:46 Zombie Apocalypse Begins in America: Young People Turn to Food Stamps, Welfare and Street Livingby george4title7,182 views
- 48:13 INDIA - THE NEXT SUPERPOWER (Documentary) Economic/Business/Peopleby TheBigbang1001477 views
- 46:22 La Próxima Gran Crisis Economica Mundial 2013 (documental) HDby JL Pizano342,803 views
- Loading more suggestions...