www.FT.com What happens if Greece exits the euro? As the possibility increases following the country’s recent election and a vote against austerity, FT leader writer Peggy Hollinger and capital markets editor Richard Milne discuss the implications with FT analysis editor Frederick Studemann. For more video content from the FT, visit the Financial Times video section at: www.ft.com
Follow us @ twitter.com twitter.com A US lawmaker is reportedly planning to introduce the “Sound Dollar Act” early next month. This is legislation that would move the federal reserve from its dual mandate of maintaining price stability (which is anathema to the dollar debasement that it creates through its massive money printing operations) and keeping unemployment low (which it has failed to do…curious…) to just promoting price stability. Hmmm…what would that mean for the Fed’s unofficial mandate of trashing the dollar? And Turkey, the fastest growing economy after China, is being penalized in the credit markets for failing to promote consumer savings, according to bloomberg. What? You mean savings matter!! That’s amazing…ummm not to us it isn’t. You can’t have economic growth without savings, because you can’t have investment without capital. Capital comes form savings, and growth comes from investment, but its shocking how many people think money “grows on tress.” Can you blame them, when we have a serial money printer at the Federal Reserve, pushing us all into serfdom and neo-feudalism with a policy of perpetual bailouts and zero percent interest rates? Oligarchy here we come! Finally, with central bank policies of the fed and ECB amounting to –trash for cash — as economist David McWilliams puts it with his “Punk Economics: Lesson 2,” turning “water into wine.” These perpetual bailouts are nothing other than an institutional form of wealth transfer. They …
www.presstv.com In this edition of the show Max interviews Gonzalo Lira from LiraSPG.com. He talks about his latest news features covering the US financial and economic collapse for Latin American television, including TeleSur and also stations in Mexico and Argentina. Gonzalo Lira is an American novelist, filmmaker and economic blogger. Starting in 2010, Lira began contributing economic analysis to Zero Hedge, Naked Capitalism, Seeking Alpha and Business Insider; in Zero Hedge, one of his posts was the second most read of 2010.
The euro zone has only a matter of weeks to take steps that will ensure the common currency’s survival, former UK Prime Minister Tony Blair says in an exclusive interview with the Journal’s Managing Editor, Robert Thomson. This interview originally aired 12/1/2011.
Speaking after the EU-Russia summit, President of ~Russia’s Federation, Dmitry Medvedev, on Thursday stated that Russia will offer Europe financial aid in order to help stabilize the European Union and the euro. “Russia will continue reinforcing financial stability of the euro area, first and foremost, through the IMF”, Medvedev said. “The European Union is our major trading partner”, he concluded.
www.presstv.com Last week the Financial Pundit predicted that Greece was on the point of default and is unable to meet stringent bail out conditions. US treasury secretary Timothy Geithner went to a crisis meeting of the European Finance Ministers in Poland, claiming to be knocking heads together.
Global Financial Markets Tremble As Bad Economic News Continues for US US Offers Foreign Aid to Countries Holding Billions in Treasury Securities The Congressional Research Service released a report last month, a copy of which Fox News exclusively obtained, showing that in fiscal year 2010, the latest year that data was available, the US handed out a total of .4 billion to 16 foreign countries that held at least billion in Treasury securities, including China (.2 million), Brazil ( million), Russia (.5 million), India (6.6 million), Mexico (6.7 million) and Egypt (5.7 million). China is the largest holder of US Treasury bonds with .1 trillion as of March, according to the Treasury Department. Brazil held 3.5 billion, Russia had 7.8 billion, India owned .8 billion, Mexico held .1 billion and Egypt had .3 billion. www.foxnews.com www.foxnews.com Dismal Jobs Report Fuels GOP Criticism of Administration on Economy Republicans continued to hammer Obama with an infamous chart pushed by his administration during the 2009 stimulus debate which predicted unemployment would stay below 8 percent and that, by this time, the rate would be below 7 percent. www.foxnews.com Global Financial Markets Tremble As Bad Economic News Continues To Pour In truthiscontagious.com US Growth: Slow and Volatile www.nationaljournal.com As the US economy starts to slow down once again, global financial markets are beginning to tremble. Over the past couple of …
www.ukipmeps.org • European Parliament, Strasbourg- 07 March 2011 • Speaker Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy) • Debate – PODIMATA ECON – Innovative financing at a global and European level (A7-0036/2011) ……………………………. • Credits Video: speech – EbS – European Parliament Music: From ‘Velvet Choker’ – Cornerstone Cues Picture: EU lighthouse: European Commission Audio Visual Library ……………………………………………… ► EU Member States: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, United Kingdom
