Uploaded by 19justinbrown88 on 18 Jan 2011 - Will the United States collapse like the former Russian Empire? Will the dollar fall? What will happen to America? What will life in the future look like? What is the evidence?
Wednesday, January 25, 2012
Robert Wenzel | January 24, 2012
This is very serious. The elitist power grab is going right at the heart of capitalism. Of course, they have always been for central control, with them in control, but now they are calling out capitalism, directly, as an inferior product.
On Friday, I attacked Larry Summers for blaming the current crisis on capitalism. I thought he was a lone wolf attempting to see how far the anti-capitalist agenda could be pushed. I was wrong.
It appears Summers simply fired the first shot in a new aggressive move by elitists to discredit capitalism outright. The elitists are gathering in Davos, Switzerland right now for the 2012 World Economic Forum.
Check out this horrifying report from AFP on the Summit (my emphasis):
Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.”
“We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, we have undermined social coherence, and we are in danger of completely losing the confidence of future generations,” said Klaus Schwab, host and founder of the annual World Economic Forum.
“Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole.
“We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual,” the 73-year-old said, adding that“capitalism in its current form, has no place in the world around us.”
Friday, January 20, 2012
IMF pushes Nigeria to Civil War
Thursday, January 19, 2012
Stock markets merger looks doomed despite lobbying
Published on 18 Jan 2012 by Euronews - The merger of Germany's Deutsche Boerse and the US-European stock exchanges NYSE Euronext looks set to be blocked.EU Competition Commissioner Joaquin Almunia opposes it as the merged company would dominate derivatives trading in Europe. He has said they would have to sell substantial parts of their operations to get approval.
NYSE Euronext's boss Duncan Niederauer and Deutsche Boerse's Reto Francioni have been lobbying in Brussels stressing the advantages.
Published on 18 Jan 2012 by Euronews : The World Bank has sharply cut its global economic growth expectations to just 2.5 percent this year and said Europe is probably already in recession.
In its latest forecasts the Bank warned developing countries that they should prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump similar to the global downturn in 2008/09.
"The sovereign debt crisis in the euro zone appears to be contained," Justin Lin, the chief economist for the World Bank, said.