Press TV-On the Edge with Max Keiser-Global Banking Cartel-08-10-2010 (Part 2)

In this edition of Press TV's 'On the Edge with Max Keiser', Max has an interview with the journalist, David Degraw, who has just published a book named The Road Through 2012: Revolution or World War III. Degraw believes that the so-called global banking cartel of financial terrorists are bent on destroying global economies so that only they themselves, who he believes are only one tenth of %0.01 of the global population, prosper and everyone else suffers and remains poor.

He says Americans only have two years to prevent a third world war by revolting against this one tenth of %0.01 of the population or financial terrorists as he calls them.

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[MClaudiusMarcellus]

Stalin was not a whole person. He had some parts of a person and they were highly developed, he was what you may call a "high functioning" sociopath.

Tim Geithner is such a creature.

I think if we go to neostalinism we will be looking back at feudalism nostalgically as the good old days.

[MClaudiusMarcellus]

I don't think we are reverting to feudalism or going to neofeudalism.

Feudal lords were bound by tradition, social convention and religion to some degree, in theory there were limits to how inhumanely you could treat your fellow man.

Czar Nicholas may have cared little about his people's suffering, Stalin did not care at all. To him empathy was a bourgeois concept. Stalin disowned his son, murdered his best friend and didn't attend the funeral of his mother.

[Youri Carma]

IMF same exact four-step program:

1.0 Privatization ‘Briberization.’

2.0 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.

3.0 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas

3.5 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”

[dilbertgeg]

This real estate inflation starting in the 80s that MK mentions was just what he said, INFLATION but NOT TANGIBLE WEALTH. The US was de-industrializing. Financial Wealth in this sense is not mere credit used to expand tangible wealth, it's mostly like Charles Ponzi's scheme with Stamps. Michael Hudson compares Ponzi, Madoff, and the entire system vs. tangible capital formation.

[OghamTheBold]

You shouldn't be an ostrich and bury your head in the sand

'Digestible' wealth is what counts - bury your nuts

I noticed squirrels doing it recently - they know something is coming

[cbeebe007]

step 3.4: pakistani attacks on oil routes

step 3.7: retaliation to iranian oil and energy bourse

[CanterburyCat]

reduce the military budget 10 percent and we got food stamps forever.

[harveybirdmannequin]

Yep, white people so smug. The same banksters that looted Central, South America, Africa, Eastern Europe, and some South East Asian countries are now feasting on North America and Western Europe. White people bought into the propaganda that "oh well, we're white so we're better and they have corrupt people and bad forms of gov't (no democracy and no capitalism) so they deserve it".

It purely money motivated, now it's your turn for turning a blind eye and acting so smug.

[1977Melville]

Not sure if they American public will buy the "blame china" argument considering the lack of trust in politicians on both sides of the aisle.