Hotspots:Greece, w/ Max Keiser (new short film on the Goldman-Sachs engineered economic coup d'etat)

[stockholmer]

Run time: 10:35 https://www.youtube.com/watch?v=bISfaVkszo0   Posted on YouTube: July 26, 2011 By YouTube Member: MaxKeiserTV Views on YouTube: 5163   Posted on DU: July 28, 2011 By DU Member: stockholmer Views on DU: 2891

 
http://www.youtube.com/watch?v=LnsWEXqhd7M (part 2)

Max and Stacy traveled to Athens, Greece. This is the film they found in the financial hotspot, Greece.



-----------------------------------------------------------------------------------------------------------
related


DEBTOCRACY


http://www.debtocracy.gr/indexen.html


"For the first time in Greece a documentary produced by the audience. “Debtocracy” seeks the causes of the debt crisis and proposes solutions, hidden by the government and the dominant media. The documentary is distributed free without usage rights and broadcasted and subtitled in at least three languages.

[truedelphi]

1. Glad to see people post Max. K & R and for viewing it in the

AM.

[pam4water]

2. That is one scary bad one sided agreement. K&R

[izquierdista]

3. Only one problem

This gives ammunition to the teabaggers who want the U.S. to default. What works for Iceland and Greece doesn't work for the U.S. The difference is that the financial terrorists (Goldman Sachs) are products of our system. While other countries can default to expunge the terrorists, the U.S. needs to fight a civil war with them. The U.S. needs to nationalize the Federal Reserve and put the government in charge of the banking system, instead of the other way around.

[Pharaoh]

4. the us government

will likely have to be overthrown by the people as far as I can see.

[JDPriestly]

6. What would really happen if we nationalized the Federal Reserve?

It sounds simple to say that, but what do you think would happen after the Fed was put under the 100% control of the Congress and the President.

[izquierdista]

7. The first thing?

Major squealing from the boardrooms of JP Morgan, Citibank, and B of A.

[JDPriestly]

8. But --- after that??

[izquierdista]

9. Grumbling

As they accept the return of all the Glass-Steagall regulations, a smaller share of the U.S. GDP, the end of their predatory loan subsidiaries, and the responsibility to lend money in ways that help the American people. The license to operate a bank should be like a broadcast license -- periodically reviewed to see if the entity is operating in the public interest. I've maintained that Goldman Sachs should be dissolved and their assets sold off to the highest bidder solely because they bet against the toxic derivatives they were packaging and selling.

[JDPriestly]

10. Good points. I asked because a lot of people who are very angry

about the Federal Reserve have a different idea about why it should be replaced. They want something even less responsive to the public interest.

Return of all the Glass-Steagall regulations is a necessity.

And banks should go back to lending money responsibly.

Absolutely, Amen. That is the key to a healthy economy.

Banks should be required to take 1/2 of the loss at least on a bad debt. They should never, never be able to turn to the government for bail-outs.

You waste it. You don't get any more.

[blank space]

12. Every single reserve bank in the world is independent of their governmnet

- its just that Americans take this to mean private.

All reserve banks absolutely have to be independent of the government to avoid governments using them as their personal piggy bank.

Its not a friggen conspiracy - its a logical rational concept.


Thanks MAX for your bullshit - yes the Greeks borrowed money from international financial institutions, yes the bailout helped those same banks - thats what a bailout is. it helped meet the greek debt obligation to those banks - not rocket science people - its just been framed in a conspiratorial way.

Imagine if your parents bailed you out on your home loan by making some of your monthly payments, but instead of giving you the money to spend on another night at the club, gave it straight to the bank - and MAX came on and said oh my god its a conspiracy.

The fact of the matter is Greece has been recalcitrant for a long, long, long time.

They are completely incapable of collecting taxes - and have lived directly off charity from the rest of Europe - they should have been bankrupted entirely.

The greeks have a full pension for life after 20 years of work - thats right, 2o years. They can also retire at 52. Most middle aged greeks have a full pension and work full time and pay no tax. So when they BITCH about only earning $600 a week (thats Euros - $900 US or $46,000 per annum in a country where food costs nothing), remember thats only half their income. So these people are BITCHING because they are having their incomes cut from 100k - 90k, pay no tax and are making molotov cocktails because they feel that having to actually work for this and pay for this is completely unfair.

Seriously the global financial disaster is a goldman sachs conspiracy yes, their are banking cromes being committed, iceland and ireland are examples of this GREECE IS ABSOLUTELY NOT AN EXAMPLE OF THIS and it makes MAX look stupid for trying to do this. It puts max keiser squarely in the basket with lunatics like infowars.

[Skink]

13. Greece made the vig this month and they promised not to go to any other loan sharks.

[JDPriestly]

14. Having visited Greece in the 1960s, it's hard for me to believe

that they are that wealthy and paying no taxes.

Europeans generally retire earlier than Americans do. Maybe that is why they stay healthier and live longer than we do.

But in my experience they save more than we do and live more simply. Public transportation is commonly used (saves a lot of money).

When they pay taxes, Europeans pay higher taxes than we do. The countries I lived in (UK, France, Germany, Austria) were quite effective in collecting taxes. In Austria, they assessed your standard of living, not just what your employer officially paid you.

And the tradition of retiring at a younger age is quite well established there.

It may be a legacy from the Great Depression when they just wanted to reduce the numbers of people looking for jobs.

You can't compare one society with another. And currencies differ in buying power. So when you say $90-100,000 per year, I have no idea what that means in terms of standard of living.

Besides, when I was in Greece, a lot of people owned their shops. That may have changed, but those who owned their small businesses just kept working and working.

Funding retirement is a problem that arises in a corporate employer/impoverished employee society. That is the US 100%.

I used to have a job in which I looked at people's income and expenditure statements. It was appalling. There was no way that a person could afford a decent lifestyle on the incomes that people earned, much less the lifestyles that are expected in the US. I had found that to be true for myself, but I had not realized that my sorry condition was the norm not an exception due to some failing on my part.

One thing I learned from living in different countries is that US workers are treated like dirt compared to workers in a lot of other countries.

[banned from Kos]

15. Its a nice fruit basket.

"It puts max keiser squarely in the basket with lunatics like infowars."

Put the Zeitgeist movie fans in this basket too.

[roxiejules]

5. Recommend!

Thanks for posting - excellent info.

[DeSwiss]

11. K&R n/t