Thom Hartmann - The Global Crisis of American Capitalism

[thomhartmann]

Run time: 10:25 https://www.youtube.com/watch?v=VWW0dSrh-IE   Posted on YouTube: April 07, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 08, 2009 By DU Member: thomhartmann Views on DU: 1984

 
Thom talks to Kevin Phillips, author of Bad Money: Reckless Finance, Failed Politics and the Global Crisis of American Capitalism, and asks how did we get here and how do we fix it? http://www.bad-money.com. Check out http://www.thomhartmann.com.

[ihavenobias]

1. K & R

Good username BTW.

;)

[tabatha]

2. Welcome to DU...

whether or not you are Thom.

[tabatha]

8. Have now watched it --- after the Malloy show was over

Thanks for extracting this interview - I remember hearing part of it.
Is there are part 2?

I hope the decision-makers read this book & hear this interview.

[Cassandra]

3. If that's you, Thom...

welcome to DU. I love your show; I just wish it was still on my radio instead of just my computer.

[chknltl]

4. Off to greatest page you go Thom!

on edit: Welcome to the big DU Mr. Hartmann. I've posted in your forum under the same name but recently quit doing so because the new format was toooooo confusing for my little mind. FWIW I think that there are more than a few members from your forum who would be well received here should they chose to contribute. (The name Gnarlodius comes to mind-there are others there too who have instructive wisdoms worth sharing here). I've noted that you mention the Democratic Underground on your show on occasion, thank you for that.

:toast:

[midnight]

5. Nice to see this, but I had difficulty hearing. Did anyone else?

[glitch]

6. K & R

Love your show for years, thank you and the White Rose Society for making it available to the boondocks!

[FreakinDJ]

7. BINGO - without Manufacturing there is no recovery

[chknltl]

9. kicked

[JohnyCanuck]

10. Don't worry folks - the nice people who brought us the world economic crisis

are also going to bring us the solution.

The Financial New World Order: Towards a Global Currency and World Government

by Andrew G. Marshall

Introduction

Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”<1>

The article continued in stating that, “There is now a world currency in waiting. In time, SDRs are likely to evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China.” Further, “The creation of a Financial Stability Board looks like the first step towards a global financial regulator,” or, in other words, a global central bank.

It is important to take a closer look at these “solutions” being proposed and implemented in the midst of the current global financial crisis. These are not new suggestions, as they have been in the plans of the global elite for a long time. However, in the midst of the current crisis, the elite have fast-tracked their agenda of forging a New World Order in finance. It is important to address the background to these proposed and imposed “solutions” and what effects they will have on the International Monetary System (IMS) and the global political economy as a whole.


HUGE SNIP

Conclusion

Ultimately, what this implies is that the future of the global political economy is one of increasing moves toward a global system of governance, or a world government, with a world central bank and global currency; and that, concurrently, these developments are likely to materialize in the face of and as a result of a decline in democracy around the world, and thus, a rise in authoritarianism. What we are witnessing is the creation of a New World Order, composed of a totalitarian global government structure.

In fact, the very concept of a global currency and global central bank is authoritarian in its very nature, as it removes any vestiges of oversight and accountability away from the people of the world, and toward a small, increasingly interconnected group of international elites.

http://globalresearch.ca/index.php?context=va&aid=13070

[Liberal_Christian]

11. Republicans once stood for American progress

70 years ago. Under Eisenhower (REPUBLICAN) tax rates were at 90% for those making $400,000 or more a year- 70% for those making $100,000. Even Ford (REPUBLICAN) had tax rates at 70% for those making $200,000 or more a year. Oh, and Reagan, you know, the conservative right-wing messiah, his tax rate was at 50% for some making as low as 86,000 to 115,000 and over per year. But Obama is a socialist because he moved the tax rate from 35% to 39%. God, conservatives are so lost yet so "sure" in their economic beliefs. We were more economically stable throughout those years too. People don't seem to realize that if business owners choose not to provide jobs; their business goes under, and there has NEVER been a case where a major business has gone bankrupt because of high government taxes.

www.taxfoundation.org

[chknltl]

12. kicked again

[democracy1st]

13. K & R welcome TH

[puebloknot]

14. K&R Good to hear your voice here, Thom Hartmann.

(We rubbed elbows in another venue, circa 2000-2001. Sending you a PM!)

[puebloknot]

15. No PMs for you!

I refer to the CRF!

This is a more congenial venue for progressive ideas. Hope you will post often!

[bjobotts]

16. This is the guy who should be on MSNBC's 10pm slot. Matches Maddow perfectly

[bjobotts]

17. Rolling back the Reagan tax cuts will not prevent the rich from getting richer

[bjobotts]

18. But it will prevent the poor from getting poorer and the sick from getting sicker

[bjobotts]

19. It is not a "redistribution of wealth". It is a redistribution of "taxes"

[bjobotts]

20. Thom is the most brilliant progressive on the airwaves.Wish he were on TV so everyone could see.

[20score]

21. Have to read his latest. (Both Thom's and Kevin Phillips.) When I read American Theocracy

I was surprised that the section on finances was the most frightening. And he broke down our situation perfectly.

Kick and a rec.

[bulloney]

22. There's your real Reagan legacy. Phillips points that this out of control debt began under Reagan.

It has gone out of control since then. The lone Democratic president since then was Clinton and, in terms of economic policy, I think he was the most Republican president since Hoover.

This is more evidence of what ideology controls the media, and it ain't the liberals. Reagan is upheld as some icon of conservatives, but his policies and actions were 180 degrees from what true conservatives believe. Clinton is Satan's bastard stephchild to conservatives and yet, more core conservative policies and actions were accomplished under him than any president in nearly 80 years.

[indimuse]

23. KNR!

Welcome to DU, Thom!:pals: Love your show...But where did ya go?? WINZ-940am ... Very disappointed... :(

[Maat]

24. I listen to the Thom Hartmann show every morning!

I listen on my Sirius unit, and then listen to it at home on my computer! I joined the 'club' for podcasts, too.