Hartmann: Euro crisis...Is the UK preparing for the END of the world?
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Uploaded by TheBigPictureRT on Nov 29, 2011
Professor Steve Keen, University of Western Sydney, joins Thom Hartmann. While hoardes of Americans were beating the heck out of each other for two-dollar waffle makers in Wal Mart - the U.K. quietly announced that is preparing for an all out collapse of the global banking system. A Senior Minister within the U.K. government admitted to the Telegraph over the weekend that planning is already underway to deal with the aftermath of a Eurozone collapse and subsequent civil unrest. According to the article, U.K. government officials now believe a collapse of the euro is "just a matter of time," and consulates around Europe are being prepped to deal with rioting in other nations and how to help British citizens abroad who may soon be unable to access bank accounts and withdraw cash. On top of that news - in a new report - the Organization for Economic Cooperation and Development drastically cut its expectations for economic growth in Europe and the United States over the next year. According to the OECD - Europe is stuck in a mild recession and the United States will soon follow. So just how bad can it get? And what can be done to mitigate the damage?
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Well I live in Leeds England and most petrol station have run out off petrol and diesel
01ccoulson 2 months ago
Anglophile propaganda , EU should do was IRAN and expel all ANGLO related people, they are imitating Jews tactics at economic level, fancie parasites of World economics.
lcabosa 2 months ago
@stevebenross Fuck dude, I'm going to learn how to survive in the woods!
Standuble 2 months ago
World Collapse in January!!!
GET Ready!!
Total Collapse . com
wwwTotalCollapseCom 2 months ago
in short were FOOKED .........GET READY FOR THE COLLAPSE IN JANUARY
FOOD DIESLE PETROL AND MORE FOOF FOOD FOOD
and iam in the UK
stevebenross 3 months ago
@VictorphoenixDMvault
There is plenty of work to be done.
A Job Guarantee is a much more efficient solution.
Today we have "Unemployed Buffer Stock" where we pay some not to work and others get no pay & no work .
An Employed Buffer Stock (Job Guarantee) is much superior in that it accomplishes much needed work in addition to the many social benefits of Full Employment.
L Randall Wray and Bill Mitchell have both written very persuasively on this issue.
A google search would turn up much.
WilhelmDrake 3 months ago
@JesusPuppet
The problem is private debt, not public. The Fed Gov. is the the sole issuer of the US dollar, ie it is the creator of currency. A household or firm is a user of currency. Different rules apply to the different roles. Households must fund themselves by earning income or by going into debt. The Fed Gov. spends by crediting bank accounts.
Taxes & bonds do not fund spending.
Taxes regulate aggregate demand and debt is issued in order to maintain the overnight interest rate.
WilhelmDrake 3 months ago 2
Very intresting video thanks for sharing. Lets see what happens when the U.S. Debt is called in.
JesusPuppet 3 months ago
great, i can't wait to short the shit out of eurozone with my etf shorts.
mrzack888 3 months ago