CrossTalk on Billionaires: The money tumor
Posted by admin in Finance Thursday, 13 May 2010 18:11 28 Comments
In this edition of Peter Lavelle’s CrossTalk, his guests are asked if the so-called global economic recovery has only benefited the rich.
Posted by admin in Finance Thursday, 13 May 2010 18:11 28 Comments
In this edition of Peter Lavelle’s CrossTalk, his guests are asked if the so-called global economic recovery has only benefited the rich.
sucks when a russian TV makes way more sense than US TV……..
SHAME ON ALL MAINSTREAM NETWORKS
NO INCUMBENTS 2012!
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@123321Adil, you’re not from my country yet you’re profile says “UNITED STATES”. Did you come here just to whine? Please go back to where you came from. We dont need another idiot, we have enough of them called Obama supporters. Buffoon.
@EastCoastDude99 Im not FROM your fucking country asshole. YOUR country is fucked up and should learn to mind its own business and stay out of other countries. Its only shooting its self in the foot. I fully understand the whole world runs a capitalistic system. Capitalism isn’t that bad but when corrupt individuals, like bankers from your country, abuse it its bad.
@123321Adil, if you dont like Capitalism, why the fuck are you living in the United States? GET OUT and stop trying to change MY COUNTRY into a third world nation like the place you probably came from.
Italian mafia
16:50 lie
16:55 this guy has no clue about our money system. he’is freestying on this show.
unfortunately money ISN’T only the instrument of people exchanging the goods they produced. only 0.5% of the world’s existing money is used for exchange goods and services. if the money was ONLY the instrument for exchange of goods and services then the neo-classic model would be correct and i would be supporting ron paul’s austrian economy.
unfortunately money is far more then we think it is.
9:34 these are my proposals how to call this “recovery”:
- reverse recovery
- non-recovering recovery
11:39 the answer from the german professor bernd senf to this question:
the rich stay rich because they have bigger interest-earnings then interest-costs.
the poor stay poor because they have smaller interest-earnings them interest-costs.
the existence of interest in our money system shifts the assets from the public (nation, national state) the the small group of rich (oligarchs).
btw. I thought (I’m pretty sure about this) that jobs come late into a recovery. So talking about jobs is premature. I mean the unemployment rate will stay high until a while into a regular recovery. And should take longer by far here due to the severity of the recession. Real question of course is what the US will look like 10 years after China eclipses it. I understand how tiny postage stamp countries like the NL can be service only, or even perhaps UK… but the US? how does that work?
a bit off topic, but I remember watching Russia Today around the same time as the US was trying to pass TARP… It was about having a nice day relaxing at a yacht club in Moscow (apparently there is one) … so the TV host said that prices her are affordable, even to someone on my salary. So she orders a $1000 crab from the far east. Yes, she was blonde…
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.” — James Madison
These greedy western billionaires and arab oil shieks disgust me. The top 3 richest people have more money than the GDP of the 49 poorest COUNTRIES in the world
Compare them to people like Salahudin (during the european crusades) arguably the most powerful man in the world at the time
When he was dying he ordered all his wealth to be given to the poor. When his advisors tried to dissuade him, he asked them “Will gold help me in the grave?”
The hoarding of wealth in this era is truly poisonous
We are in recovery……
A jobless recover,
And recovery for the rich.
best comment of all at the end.. “if you destroy the financial system , there wont be a Detroit”!!
omg, this guy really oughtta campaign for his opponent!
Engdhal is right about breaking it up, but not about nationlaizing. Nationalizing ‘too big to fails’ makes the govt too big to succeed. Break it up, keep it private, in fact if you remove the govt privaleged access mechanism, you take the steam out of the crooks’ sails , and that goes for both political crooks and financial-crooks.
Its centralization that is the problem. Socilists are always blaming capitalism but that is horsecrap. As long as there is a push towards central power and central autority, you end up with a tiny elite in power. Politicians get in on one side and loot national treasuries, banks and intl money changers do intl manipulating. Its not the fault of speculators either, its the polticians that pay off money buddies with public funds. the entire ‘Tower of Babel’ central model needs to be broken up.
Alisa Rosenbaun was not a Russian, she was a Russian Jew. She was Khazarian. In addition she was a Jewish Aitheist whatever the hell that means.
The rich criminals need to be taken down one way or another especially the jewish puppeteers
Peter Lavelle = Excellent journalist on RT !!! – Keep up the great work Peter.
This is why Capitalism is BAD
@AntiZionistCIAShill ye, i agree
@BurjElArab No, no, no, they have to invite Ron back. He was the ONLY laugh I got on UTube today. He was beyond funny. Did you catch the end Detroit comment? What a dolt!
Ron needs to stick his head out the door once in a while. In the 70s it took one income to pay all of the bills. In the 80s, 90s, and now. Two incomes can not pay the bills. Our wages have been frozen for 30 years due to over seas outsourcing, demanufacturing and open borders. You have to be an ass not to see that. The pressure on the American worker is far too much now and companies who used to take care of their people now trample them in the ground and leave them to die.
Who the heck is this Ron guy?
Whats he doing on this panel?? The 2 others make sense….this Ron guy? Does he even know how to tie his own shoes???
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.” — James Madison
Not really only when it get taken over by socialist dictators.
lol world war 3. enjoy Armageddon in 2012.
[...] CrossTalk on Billionaires: The money tumor | Finance [...]
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