Global economics
Barack to soldiers 30k soldiers to Afghanistan
Give Goldman $20 billion avoid body bags
Iphone app to worship Ronald Reagan
Wall Street executive vanity plates 2 BIG 2 FAIL
Deregulation all over the world
Germany bought Wall street's collateralized junk debt obligation
Rationing marmite
executive bonuses up
workers hours and pay down
Societe Generale
worst case scenario sell dollar, buy government bonds Cherry pick assets
SECOND HALF
Steve keen Debunking Economics
1 of 12 people who predicted the crash
velocity of money Milton Friedman right about this
Obama believes in fractional reserve
43 trillion in debt not including unfunded liabilities
needs to add $9 trillion
300% debt to gdp
11 trillion totat US govt. Debt
speculative to raise up the price of shares-- wasteful
Dot com bear Starns reward losses
2008 same thinking
Growth based on leverage
Adding more debt to debt bonfire
reducing ability to consume
Love for capitalism up
hate for capitalism down
2008 AP 7 Billion Congress
If the bank would have failed should have been nationalized
Their bondholders and shareholders would have been wiped out
All debt could have been wiped out for $20 trillion
Instead vampires kept alive at the same cost
Savings and Loan scandal the same
All factories to China
America turn socialist(financial)
Sara Palin ( socialist policies)
1950's made America great?
Americans triggered by words
2010 Predictions
attacked Japan for same thing in the 1990s
Massive debt of Americans
Americans getting more debt
