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Chris Hedges: 2008 All Over Again


Business  (tags: 2008, austerity, bailouts, obama, brexit, trump, eu, financial markets, global recession, great britain, greece, hillary clinton, libya, michael hudson, middle east, nato, neofeudalism, neoliberalism, populism, russia. syria, ukraine, wall st )

Judy
- 934 days ago - truthdig.com
Great Britain's decision to leave the European Union has wiped out many bankers and global speculators. They will turn, as they did in 2008, to governments to rescue them from default. Most governments, including ours, will probably comply.



   

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Comments

Trish K (29)
Saturday June 25, 2016, 12:03 pm
Bull Doink if we will bail them out. They need to do some soul searching and crying over the weekend, then ask for another vote. Voter turn out could have been higher. Trump is backing this _ scratch my head -
 

Animae C (508)
Saturday June 25, 2016, 12:40 pm
Thanx Judy
 

Roger G (148)
Saturday June 25, 2016, 1:00 pm
noted, thanks !
 

JL A (281)
Saturday June 25, 2016, 1:19 pm
Bush's team convicted those responsible for Enron, zero convicted from Wall St. for 2008--tells us who owns justice in this country with this administration and the member who served claiming to be a nominee. I got a message from my credit union that mortgage rates had gone down due to Brexit...
"The Democratic Party, by rescuing Wall Street, will be unmasked as the handmaidens of the financial elite."
“I expect Obama to do whatever he is told to do by Wall Street,” Hudson said. “He has turned over management of the economy to his campaign contributors from Goldman Sachs and Chase Manhattan. He does not have views of his own, other than self-promotion. He wants his presidential library. He wants to have a big foundation like the Clintons. Most of the population will oppose a bailout, of course, and he will cry all the way to the bank.”
“If there is anyone who is responsible for the Brexit, it is Hillary Clinton and Barack Obama,” he said. “They destroyed Libya. They turned over Libyan weapons to [Islamic State], al-Qaida and [Nusra Front]. It was their war in Syria, where many of these weapons ended up, which created the massive exodus of refugees into Europe. This exodus exacerbated nationalism and anti-immigrant sentiment. Clinton and Obama are also responsible for a huge exodus of Ukrainians. This is all a response to American war policy in the Middle East and the Ukraine. In central Europe, with the expansion of NATO, Washington is meanwhile demanding that governments spend billions on weapons rather than on recovering the economy.”

Thanks for this important forewarning post Judy
 

Darren W (218)
Sunday June 26, 2016, 2:44 am
Brilliant analysis by Chris Hedges:

Whatever happens next will be chaotic. Global financial markets, which lost heavily on derivatives, are already in free fall. The value of the British pound has dropped by over 9 percent and British bank stock prices by over 25 percent. This decline has wiped out the net worth of many Wall Street brokerage houses and banks, leaving them with negative equity. The Brexit vote severely cripples and perhaps kills the eurozone and, happily, stymies trade agreements such as the Trans-Pacific Partnership. It throws the viability of NATO and American imperial designs in Eastern Europe and the Middle East into question. The British public’s repudiation of neoliberal economics also has the potential to upend the presidential elections. The Democratic Party will orchestrate a rescue of Wall Street if there is a call for a bailout. Donald Trump and the Republicans, by opposing a bailout, can ride popular revulsion to power.

Shared over social media to spread awareness.
 

Sheryl G (359)
Sunday June 26, 2016, 5:10 am
Wiped out many bankers and global speculators.

The speculators - this is why we had Glass-Steagall in the USA that MR Clinton removed and MRS Clinton has NO desire to place back.

It kept the hard earned monies that the average person slaved all their life to place a few coins in the bank from the casino gamblers on Wall Street from using that money. They could still gamble but they had to be using their OWN money.

In the past they use to jump out windows now they come holding out their hands to the taxpayers, you know the ones who REALLY DO PAY TAXES, to bail them out and that is after they pick clean everything else you have, saving, homes, so on so forth.

If the people don't start to get a clue then I'm not sure when they ever will. The darn Corporate media that is keeping too many blind is a scourge upon us.
 

Sheryl G (359)
Sunday June 26, 2016, 5:16 am
“If there is anyone who is responsible for the Brexit, it is Hillary Clinton and Barack Obama,” he said. “They destroyed Libya. They turned over Libyan weapons to [Islamic State], al-Qaida and [Nusra Front]. It was their war in Syria, where many of these weapons ended up, which created the massive exodus of refugees into Europe. This exodus exacerbated nationalism and anti-immigrant sentiment. Clinton and Obama are also responsible for a huge exodus of Ukrainians. This is all a response to American war policy in the Middle East and the Ukraine. In central Europe, with the expansion of NATO, Washington is meanwhile demanding that governments spend billions on weapons rather than on recovering the economy.”

The excerpt taken from the article. This should be dropped on the threads that claim Vote Blue No Matter Who.

Well it DOES matter who.......no doesn't it!
 

Sheryl G (359)
Sunday June 26, 2016, 5:18 am
*typo* should of read .......NOW doesn't it!

Vote Green - Dr. Jill Stein
 

Sheryl G (359)
Sunday June 26, 2016, 5:27 am
“The eurozone now shrinks economies through debt deflation,” said Hudson, author of “Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy.” “That is one of the factors that led the British and the euroskeptic parties to say, ‘We don’t want to be a part of a Europe run by banks that impose debt deflation. We want governments that can create their own money to re-inflate the economy and build economic recovery.’ As long as a country remains part of the eurozone, bankers will continue to lower wages and wipe out pension funds to pay bondholders. The Brexit vote reverses this rotten program. There are now calls from the Netherlands, France and Austria for a similar referendum.”

Excerpt from the article.....

This is a book that people should read. I had placed a while back the video on with Chris Hedges doing an interview with Mr Hudson. There are economist like Joseph Stiglitz who had YEARS ago gave forewarning of all of what led up to 2008 and beyond. But no one wanted to listen, a few people were making $money and it was all they cared about. I believe some of them said that 2016 was the year it would unravel.....
 

Roro l (0)
Sunday June 26, 2016, 11:50 am
Thanks!
 

Birgit W (160)
Sunday June 26, 2016, 12:44 pm
Thanks.
 

Janet B (0)
Sunday June 26, 2016, 3:35 pm
Thanks
 

Lois J (63)
Sunday June 26, 2016, 3:43 pm
Noted. Thanks so much for posting, Judy.
Excellent article by Hedges! And, just another very good reason to want Bernie as President. We cannot afford to continue for the U.S. to keep moving further right. It is literally killing too many people. The Dems got this far based on SOCIAL ISSUES. That is really the ONLY place where the two parties have been divided......with the help of the bought-and-paid-for media.
While we have been pushing back against the GOP-Evangelical -TeaParty group on these social issues, they've been robbing us blind at the bank. Yes, complicit fat-and-happy Dems.
 

JL A (281)
Sunday June 26, 2016, 9:08 pm
On the subject of the elites:
America’s One-Party Government
http://www.nationofchange.org/news/2016/06/21/americas-one-party-government/
 

Colleen L (3)
Sunday June 26, 2016, 11:21 pm
Thanks Judy
 

JL A (281)
Monday June 27, 2016, 4:40 pm
BMutiny just posted:
Apparently Bernie IS Registered as a Write-in in Nearly All States: Jim McCall
http://www.care2.com/news/member/911530155/3995372
 

margaret c (41)
Monday June 27, 2016, 5:38 pm
noted
 

Darren W (218)
Monday June 27, 2016, 11:47 pm
Just replied to BMutiny's posted article.

Okay, the link within BMutiny's original 1st contribution, takes you to a webpage that has an error.

However, clicking on the LINK within that error'ed page, gives you this:
https://go.berniesanders.com/page/content/splash

Nobody who works 40 hours a week should be living in poverty.
. . . and the user is prompted to put in their e-mail address and zip-code, then click on "Continue to site"

The link within Kanta Masters's BLOG takes you to the same error'ed page.

If someone can find a link or news article that explicitly confirms that Bernie Sanders IS registered in ALL 50 States, as a write-in, I'm prepared to share that information to spread the awareness, and try and re-galvanize some of the attention dissipated by the Press/Media Clinton campaign, BACK to grassroots level where you started.

I'm with Dandelion and others, that if the system is as rigged as it looks and Bernie has no chance, then moving to the Green Party and Dr. Jill Stein is a genuine, viable alternative.
 

Janet B (0)
Tuesday June 28, 2016, 1:23 pm
Thanks
 

Eric L (6)
Friday July 1, 2016, 10:49 am
Our economy has been on life support since 2008. The FED has kept rates near zero and printed a few trillion dollars. Keeping the interest rates down has allowed Congress to keep kicking the can down the road, eventually we will run out of road and the house of cards will come crashing down. Perhaps that's why Obama and the military industrial complex has been pushing us towards WWIII. Our only real choice is to reject the Oligarchy. Neither the Democrats or Republican will even address these issues unless we force them. Even Bernie Sanders ignored the FED despite having a platform build solely on inequality.


http://www.thepetitionsite.com/716/734/497/demand-care2-start-covering-3rd-party-candidates./
 

Eric L (6)
Friday July 1, 2016, 11:57 am
Jill Stein has many good ideas but lacks a good understanding of economics based on her plan. She has lofty goals that are not obtainable or would not have the desired result. She at least recognizes most of the problems like the FED, intervention, war on drugs. I still think our best chance on saving the world from WWIII and economic collapse is 3rd parties joining forces, the Green Party combined with the economics and Liberty of the Libertarian party would be a real challenge to the 2 party system. Trump & Hillary would stand no chance in an in depth debates with Gary Johnson and Jill Stein.
http://www.jill2016.com/plan
https://garyjohnson2016.com
 

Eric L (6)
Friday July 1, 2016, 1:17 pm
Don't get me wrong Jill Stein would be way better than Trump or Clinton or even Sanders. She supports Peace, cutting the military, ending the war on drugs. Her economic plan relies too much on force rather than liberty much like Sanders did.But I think she is a smart and could learn economics and liberty. Then the Green party could fix the flaws in her plan but at that point it would be nearly identical to the Libertarian platform.
 

Darren W (218)
Friday July 1, 2016, 3:34 pm
That's okay, Eric, but THOSE IN CURRENT economic positions of power, also LACK a good understanding of economics, otherwise we wouldn't be in the position we were in, both before and since the Global Financial Crisis. There are no experts in this realm, only self-serving opportunists.
 
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