America's Capitalism net-worth gap?

US politicians get richer despite recession

Uploaded by AlJazeeraEnglish on 30 Dec 2011 - While many people in the US continue to find it difficult to make ends meet, Washington politicians have a different experience.

Not only have they escaped the worst of the recession, many are getting richer.

Brazil overtakes UK as sixth-largest economy.

Uploaded by AlJazeeraEnglish on 26 Dec 2011 - Brazil has overtaken the UK as the world's sixth largest economy, according to a London-based research centre. The shift is part of a larger trend in which emerging economies are out doing some European countries. The south American country was still considered something of an economic underachiever a decade ago, but as its economy grew steadily in the past eight years, things started to change. Government's anti-poverty measures further helped in lifting more than 40 million people into a new middle class.

China's protection move.

China imposes tariffs on US-built cars

Imported US-built Buick vehicles in China, covered with dust (file photo)

The Chinese Ministry of Commerce says Beijing plans to impose anti-dumping and anti-subsidy tariffs on vehicles imported from the United States.

"US vehicles benefiting from subsidies and dumping on the China market have substantially damaged China's auto industry," the Ministry's statement said on Tuesday. 

According to the statement, China will begin imposing taxes on cars and sports-utility vehicles built in the US with an engine capacity of more than 2.5 liters, from Dec 15, 2011 to Dec 14, 2013. 

The greatest impact of the new Chinese tariffs will be felt by major American car makers General Motors, facing punitive duties of as high as 12.9 percent, and the Chrysler Corporation, facing a tariff rate of 8.8 percent. 

Currently, China imposes tariffs of 25 percent on imported passenger vehicles, Xinhua reported. 

China's move drew immediate criticism from the US government. 

“We are very disappointed in this action by China,” said Carol Guthrie, a spokeswoman for the Office of the United States Trade Representative. “We will be discussing this latest action with both our stakeholders and Congress to determine the best course going forward.”

PressTV: 

Prof Meera IIUM : EU & US financial crisis and the world economy.

Uploaded by enqilab on 12 Dec 2011 - Prof Ahmad Kameel Mydin Meera opening address, before a lecture by Sheik Amran N. Hosein on 10/12/2011 at 9.00 a.m.
Title: 2012 Will the World Economy takes the Greatest Plunge.
Location: Zahedah Hall, Tan Sri Azman Hashim Complex, International Islamic University, Gombak Selangor, Malaysia.


 Full video of the lecture : http://www.youtube.com/watch?hl=en-GB&v=aChgzew_X2s

Key Concept : GDP vs. GNP

Uploaded by etrimnell on 3 Jul 2008 - The difference between GDP (Gross Domestic Product) and GNP (Gross National Product).

Returning To The Basics: money...

I believe that the writer has been using money in context of cash as opposed to the economist conception of M1,M2 and M3.

What Is Money?

Image via Wikipedia

You would think this would be an easy question to answer – and it is, actually – but very few people seem to be able to, including most economists. This leads to all sorts of confusion, and the sort of disasters of incompetence that are now happening in Europe and elsewhere.

Ideally, today’s troubles will lead to a new monetary system, preferably a gold standard system. However, that would be difficult if nobody knows what money actually is.

As I argue in my book Gold: the Once and Future Money, money and credit are very different. Yes, I know there are many, many people who claim that “money is credit” and “credit is money.”

These people are confused. That is why, when you read what they write, you become confused also. Don’t you feel confused after you read this stuff?

The primary characteristic of money is that it is the item mutually acceptable as a means of payment.

forbes 1Dec 2011 : read full article 

... the extend Labour roams free?

SLIGHTLY more than 50% of QE3:

Developing Countries to Receive Over $350 Billion in Remittances in 2011, Says World Bank Report

WORLD BANK : Press Release No:2012/175/DEC

 Geneva, December 1, 2011 (Washington DC, November 30, 2011 8pm) – Remittance flows to developing countries are expected to total $351 billion this year, and worldwide remittances, including those to high-income countries, will reach $406 billion for the current calendar year, according to a newly updated World Bank brief on global migration and remittances.

 The top recipients of officially recorded remittances, estimated for 2011, are India ($58 billion), China ($57 billion), Mexico ($24 billion), and the Philippines ($23 billion). Other large recipients include Pakistan, Bangladesh, Nigeria, Vietnam, Egypt and Lebanon. While the economic slowdown is dampening employment prospects for migrant workers in some high-income countries, global remittances, nevertheless, are expected to stay on a growth path and, by 2014, are forecast to reach $515 billion. Of that, $441 billion will flow to developing countries, according to the latest issue of the Bank’s Migration and Development Brief, released today at the fifth meeting of the Global Forum on Migration and Development in Geneva

 read the full release : here

Why a Dollar & Euro Collapse Is Guaranteed.

Uploaded by StormCloudsGathering on 7 Nov 2011 - The collapse of the Dollar and the Euro is a mathematical certainty. In this video I'm going to prove it using very simple terms. 

American Economy Crisis in brief.

Uploaded by hjmanan on 21 Nov 2011 - Delivered by Dr Ron Paul

Perspective from China:

Rising silver & gold demand in China :

 Uploaded by PressTVGlobalNews on 19 Nov 2011 - On the Edge with Max Keeiser-11-18-2011.

Euro Crisis, Neo-Liberalism and Undoing the Welfare State

Uploaded by TheRealNews on 19 Nov 2011 - Gerry Epstein: German elite profited from the Euro Zone, now wants to use crisis to undo welfare state and privatize

What happened to Capitalism?

'Capital roams free, peoples enslaved'

 Uploaded by presstvmobile on 13 Nov 2011:-

Euro-Chaos and Global Capitalism

Let listen to this, how the Economic Chaos will give rise to Global Capitalism (reformed thou) & the manager of Global Capitalism:- 

Uploaded by TheRealNews on Nov 4, 2011 - Leo Panitch: We are witnessing the irrationality of capitalism and the incredible struggle of people in the street.

What is the IMF?

Uploaded by AlJazeeraEnglish on Aug 18, 2011 - Report from Empire - the IMF on trial.
 Producer Owen Fay

America : case 1% of 1%

Meet the 0.01 Percent: War Profiteers.

 War industry CEOs make tens of millions of dollars a year, putting them in the top 0.01 percent of income earners in the U.S. 

 •Northrop Grumman CEO Wes Bush made $22.84 million last year. 

• Lockheed Martin CEO Robert Stevens made $21.89 million. 

• Boeing CEO James McNerney: $19.4 million. 

 These guys use their corporations' massive lobbying dollars to keep their job-killing gravy train rolling. Last year, their companies spent a whopping $46 million on lobbying, corrupting our politics and ensuring that their bank accounts continue to fatten at our expense. These executives are some of the main reasons why we're wasting so much on war instead of rebuilding our own nation here at home. Help us fight their propaganda campaign to protect their profits. Use our list to share this video with your local Occupy group and encourage them to show it at their events: http://warcosts.com/1percent 

 CORRECTION: Lockheed Martin's CEO is Robert Stevens. The video refers to him as "Martin Stevens" which is incorrect.

It's not about Sovereign Debts!

the European Economic Crisis according to Samah el Shahat, Al Jazeera's resident economic analyst. It's not about Sovereign Debts!
 


Courtesy AJE, originally from : http://www.youtube.com/watch?v=nyCo3swQM_M

American Capitalist System ain't working!

Uploaded by enqilab on 29 Sep 2011 - Noam Chomsky talks on, his support on "occupy the wall street" protest to highlight the vicious social issues. An initiative to push for the relevant parties to fix the system.



Shouldn't there be an initiative to push for the relevant parties to fix the system.

Position limits on Futures!

A discussion on the maximum amount of Futures one trader can own.

"Occupy Movement" Could Focus on Speculation and Food Prices
 Uploaded by TheRealNews on Oct 27, 2011 - Bob Pollin: New regulations very weak, needs a major public push.

World population

hits 7 billion

 Uploaded by cctvnewschannel on Oct 27, 2011 - The world's 7 billionth person will be born into a population more aware than ever of the challenges of sustaining life on a crowded planet but no closer to a consensus about what to do about it. To some demographers the milestone foreshadows turbulent times ahead: nations grappling with rapid urbanisation, environmental degradation and skyrocketing demand for healthcare, education, resources and jobs. 

 To others, a shrinking population, not overpopulation, could be the longer-term challenge as fertility rates drop and a shrinking workforce is pushed to support social safety for an ageing populace.

The One Percent: Breaking Down US Wealth Distribution.

Uploaded by ForaTv on 20 Oct 2011 - Catherine Mulbrandon, illustrates the distribution of income in the U.S, comparing the earnings of the top one percent to those of the bottom 99.

Venezuela has best income distribution in Latin America.

China overtakes US to becomes top trade partner of EU

Uploaded by cctvnewschannel on 21 Oct 2011 - BEIJING, Oct. 16 (Xinhua) -- Trade between China and the European Union (EU) totaled 35.6 billion euros (49.4 billion U.S. dollars) in July, allowing China to overtake the United States as the EU's largest trade partner, the Ministry of Commerce said, citing the latest statistics from Eurostat. The overall value of China-EU trade in July exceeded that of the EU and the United States by 800 million euros, accounting for 13.4 percent of the region's total imports and exports, according to data released by the EU's statistics office.

Senate Bill Threatens Currency War with China.

Uploaded by TheRealNews on Oct 18, 2011 - Michael Hudson: Senate proposal based on junk economics and is illegal under international law.

Banking USA - the Greatest Scam on Earth

Uploaded by BoKnowsEntertainment on 11 Sep 2011 - The Money Scam is hidden right out in the open, yet buried in complication and confusion. A retired banker describes simply, the world's Money Scam and the reason every country is now going bankrupt. Private bankers have stolen the money creation process, and whereas once our money was created by the governments, debt-free.

BNM : from wiki

The total collapse of the U.S. economy is inevitable!

Uploaded by StormCloudsGathering on 10 Jan 2011 - Here's why: The United States is going to collapse, not just financially, but also politically and societally. This is a mathematical certainty. In this video I outline the basic facts that make the utter collapse of the dollar inevitable.

US banks blamed for EU debt crisis.

Uploaded by AlJazeeraEnglish on 8 Oct 2011 - US politicians, including President Barack Obama, have been calling on Europe to fix its debt crisis, amid fears it will have a negative impact on the fragile US economy. 

 But there is evidence that the Greek debt crisis began on Wall Street, at the hands of one controversial US bank. According to former financial regulators, Goldman Sachs made a dozen derivative deals with the Greeks a decade ago, writing its debt off its balance sheet for a number of years. They also say that Goldman and Greece were not the only ones working such transactions. 

 Al Jazeera's Patty Culhane investigates the morality versus legality of who is to blame for the financial crisis that is scaring the world.

'Wall Street protests shows inequality'

Uploaded by PressTVGlobalNews on 2 Oct 2011 - Protests against poverty, unemployment and social inequality are spreading across several Metropolitan cities in the US, including New York, Chicago and Los Angeles. 

  

State sponsored USURY & Looting Proletariat :

Now what - from Hero to Villain? 'Arab Spring now scapegoat for debts US can't pay off" 

Uploaded by RussiaToday on 30 Sep 2011 - In the US, the finances aren't faring much better than on the Continent. But now President Obama has found someone to saddle with the blame. He claims the Arab world uprisings are shaking western economic foundations because of hiked oil prices. Let's see what current affairs editor Michael Jones makes of this, from Culture Magazine.

Rich Getting Richer in Ontario

Uploaded by TheRealNews on 27 Sep 2011 - Hugh Mackenzie: From 1992 to 2007, 90% of the income gain in Canada went to the top 1% while their effective tax rate went down.

Don't let politicians conned or lied.

Uploaded by enqilab on 28 Sep 2011 - the European Economic Crisis according to Samah el Shahat, Al Jazeera's resident economic analyst. It is not the country's sovereign debt.

Federal Reserve launches Operation Twist.

NEW YORK -- The Federal Reserve announced "Operation Twist" Wednesday, a widely expected stimulus move reviving a policy from the 1960s.

The policy involves selling $400 billion in short-term Treasuries in exchange for the same amount of longer-term bonds, starting in October and ending in June 2012.

While the move does not mean the Fed will pump additional money into the economy, it is designed to lower yields on long-term bonds, while keeping short-term rates little changed.

The intent is to thereby push down interest rates on everything from mortgages to business loans, giving consumers and companies an additional incentive to borrow and spend money.

 22 Sept 2011  |  (CNNMoney) - read full report 

America ways going into Eurozone.

Sep 22, 2011 - Excerpt From Keiser Report : Europe's Neo Feudalism (E162). Max talks to economist Michael Hudson on EuroZone.

Currency Killers: Dollar, Euro going down.

Uploaded by RussiaToday on Sep 21, 2011 - An international team of debt inspectors has decided it will return to Greece next week to check on the country's progress in reaching its budget goals. Athens hopes this will help win the release of the latest emergency loans. Greek authorities want to convince the debt inspectors they could meet strict budget targets as the country desperately needs the next 8 billion euro bail-out package. Without the money, the country could default within weeks. However no decision will be made until October. The IMF warned Europe and the United States risk falling back into recession, unless lawmakers act quickly. Also underscoring the region's difficulties was a credit rating downgrade of Italy by Standard & Poor's. Financial analyst Michael Mross believes the constant downgrades are only putting pressure on the world economy.

The American Dream

Tarpley: 'US tries to destroy Euro'.

Uploaded by RTAmerica on Aug 24, 2010 - China's ownership of the United States government debt has dropped to the lowest level in at least a year, Treasury data showed, in a sign Beijing is increasingly keen to diversify out of US bonds. Webster Tarpley says that China is diversifying and has moved onto the Euro and Yen. He adds that the US was trying to shift the depression onto Europe, trying to destroy the Euro with a speculative attack on Greece, Spain, Portugal, etc.

Is Capitalism Doomed?

When "Ah Long (money lenders)" small & big, legal & illegal, together no longer give out loans. Marx "labour theory of value" gets to work!

TheRealNews on Aug 18, 2011 - Gerry Epstein comments on Nouriel Roubini's blog that "Marx was right"
 

Leftist IMF & Socialist France: killing 2 birds with 1 stone?

22 May 2011 - Some wanted to stop the Left leadership of IMF & the Socialist from France? We have, In Middle East & North Africa a political revolution? In Europe an economic revolution? In America a financial revolution? In IMF - a leadership revolution? Political-Economic revolution going to Europe?...Withered the European Welfare States..& will be replace by an American-style Financial Capitalism!

The Economic Hitmen.

Jun 4, 2010 - A great illustration on how corporations take control of countries, and how capitalism drives the expansion of the Military Industrial Complex. Made by Studio Joho who have allowed me to upload their video.

"The Chinese Model"

13 May 2011 | Capitalism, Chinese Style Pt. 2 - Orville Schell

Debt and a Broken System

TheRealNews on May 8, 2011 - Hudson and Wolff: Massive public debt incurred to bail out a broken private system

Keynes, Crisis and Monopoly Capitalism.

TheRealNews on Apr 29, 2011 - Robert Skidelsky and Paul Jay discuss Keynes, the IMF, concentration of ownership, political power and rebellion.

Be an Active Economic Citizen.

Apr 25, 2011 - Things needed for healthier economic. Prof Ha-Joon Chong of Cambridge University:

The America's Big Con Game : Reaching our Shores?

Apr 22, 2011 - Ha-Joon Chong : Prof of Economics : University of Cambridge

Social Welfare Spending.

Apr 22, 2011 - Prof Ha-Joon Chong, Economist, University of Cambridge.

Debt default: the Argentinian experience

Apr 21, 2011 - As fears mount that Greece will become the first Eurozone country to default on its debts after being bailed out, OECD Economist Christian Daude talks about Argentina's experience of economic wipeout ten years ago.

Stocks Shopping : Advice

Apr 19, 2011 - A vicious circle in the making, a self fulfilling prophesy, all big time military industrial capitalists & small investors would want the war against terrorism to go on! A shortened video.

Why? America is financially sick!

American dollars are shipped out to one party and into pockets of others.

Why the price hike for Gas (Petrol)?

 The Price You're Paying For Gas Isn't The Real Price It's The Price Wall St Believes Oil Will Reach.

Things Ten : The US does not have the highest living standard.

Apr 18, 2011 - Prof Ha Joon Chong of Cambridge on Real News Network.

Islamic Banking - is not about removal of interest but about the structure of the agreements.

VOAvideo on Jul 28, 2010 - Islamic banking is growing around the world, but its ability to compete in the marketplace while following Islamic law may have limitations. VOA's Philip Alexiou has more in this edition of Money In Motion.

Most people in the rich countries are paid more than they should be!

Apr 8, 2011 - Ha-Joon Chang : From 23 Things They Don't Tell You About Capitalism Pt.3



Courtesy | TheRealNews on Apr 6, 2011

US tsunami of cuts

AlJazeeraEnglish on Mar 12, 2011 - The mayor of Providence, the capital of the US state of Rhode Island, is facing criticism after he fired all of the city's nearly 2,000 school teachers in an effort to tackle a $100m deficit.Not all will ultimately go, but sending dismissal notices to everyone means the city can fire teachers at the end of the school year without regard to seniority.

Angel Taveras, who only took office in January, defended the move by saying it was a necessary "protective measure" to help tackle the shortfall. Al Jazeera's Scott Heidler reports from Providence.

An Upside-Down Economy

TheRealNews on Mar 3, 2011 - A wide ranging interview with Rob Johnson on austerity, taxes, money and politics

Standoff in Wisconsin

TheRealNews on Mar 7, 2011 - Kristine Mattis: What started as a small battle for the unions, is now a war of the working people against the corporate elite.

Reaganomics Was Pro Business, Not Pro "Free Market"

TheRealNews - Yves Smith on Reagan Centenary:| February 05, 2011 - President Reagan broke unions and intervened in the market when big business required it.

Reaganomics Sucked Wealth Up, Did Not Trickle It Down

TheRealNews | February 06, 2011 - Michael Hudson on Reagan Centennial: Creating an economy for predators is not respect for a "free market"

Countries in Europe are forced to subscribed to third world economic policy that lead to the ruins in Tunisia :

Tunisia - solidarity with the revolution
Jeremy Corbyn MP | Coalition of Resistance 20 Jan 2011

Britain following America ... towards Bankers.

Lloyds' Eric Daniels in line for £2m bonus

Mr Daniels is stepping down as Lloyds boss in March

Continue reading the main story

Lloyds Banking Group boss Eric Daniels is in line for a bonus of about £2m this year, the BBC has learned.

Mr Daniels, who steps down in March, has turned down a bonus in the past two years but will not do so again, sources told BBC business editor Robert Peston.

The government bailed out Lloyds after it took over HBOS in 2008, and still holds a 41% stake in the bank.

On Tuesday, Barclays boss Bob Diamond said he had not decided whether he would accept a bonus this year.

On top of the bonus, Mr Daniels could receive shares worth another £2m from a long-term incentive plan, according to our correspondent.

The announcement on the bonus will be made in February, he added.

The news of Mr Daniels' bonus came on the day that the Labour leader Ed Miliband accused Prime Minister David Cameron of "pathetic excuses" for breaking promises to limit bank bonuses.

BBC News  |  12 January 2010

Brazil, Fearing Currency War, Takes Harder Edge Vs. China

Will Brazilian equities get their mojo back under new President Dilma Rousseff, who's battling a strengthening currency?

Brazil's Bovespa exchange rose just 1% in 2010 while many New York-listed stocks like energy giant Petro bras (PBR) dived, even as Brazil's hot economy jumped an estimated 7.4%. The Bovespa surged 83% in 2009, leading the way out of the global financial crisis.

With China a big buyer of Brazilian iron ore, meat, soy beans and sugar, some pundits say the Bovespa may not come roaring back until China's stocks rebound.

China's exchange shed 14% last year. Beijing is tightening monetary policy, which will cool its economy.

Rousseff, meanwhile, is aiming to take a tougher line in trade talks with China amid global currency tensions. Brazil's currency, the real, is up more than 100% against the U.S. dollar since 2003. Brazil's trade, however, has been shifting from the U.S. to China.

Investors.com  |  11 January 2011