Fiscal Cliff An Artificial Crisis

Fiscal Cliff An Artificial Crisis

Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people.
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22 Responses to “Fiscal Cliff An Artificial Crisis” Subscribe

  1. Skibum Willy May 2, 2013 at 3:50 am #

    In “Inheriting an Abundant Earth” a simple rule tweak on inheritance ends up changing the direction and purpose of modern human life! It’s something specific we can demand. Are we really just this close to having it work right? Oh yeah, it’s a Ski movie! Watch “Inheriting an Abundant Earth” on Youtube (“Occupying Chairlifts” 5.0) then sign the petition, and share it!!

  2. CoughingPig May 2, 2013 at 4:26 am #

    So what you mean is that we look like sailer pumping out water from a cracked boat ??! Surviving takes over progressing….

  3. CoughingPig May 2, 2013 at 5:01 am #

    Why dont they take deficit payback from those who Really put us there ?? like those lovely world bankers who became trillionnaires financing both sides of unjustified wars and creating also artificial financial collapses and drops, just after they bought tons of real valuables (gold,silver,…). They want you broke, hopeless, angry…. and then their slaves. Adios Justice-Freedom-Equality !

  4. Mihail Viteazu May 2, 2013 at 5:55 am #

    The world revolution which we will experience will be exclusively our affair and will rest in our hands. This revolution will tighten the Jewish domination over all other people.
    Le Peuple Juif,February 8,1919
    We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America.
    The Jew, December 1925,Zinobit
    Their plan for you,,read this book for free..WHO IS ESAU-EDOM–Scribd

  5. WilhelmDrake May 2, 2013 at 6:01 am #

    The reason why the US is unable to complete internationally has to do with its cost structure, not wages.
    What matters is what wages are spent on.
    in the US, 75-80% of a workers wages go to pay interest on debt (mortgage, credit card, etc), plus taxes & wage withholdings.
    Nations with lower levels of worker debt & lower costs of housing, transportation, healthcare ,etc can pay their workers less, while still supporting the standard of living needed to maintain a healthy & productive workforce.

  6. WilhelmDrake May 2, 2013 at 6:56 am #

    In Canada, the Central Bank is a explicitly publicly owed entity.
    There is no debate about its nature as there is in the US with the Fed.
    There’s no debate in Canada concerning the source of our money, it’s perfectly obvious to all.
    In reality, both operate in essentially the same manner, differing only in details of implementation.

  7. WilhelmDrake May 2, 2013 at 7:48 am #

    Money is a non-interest bearing debt of the Federal Government, in which all other debts all denominated.
    All NET financial assets in the economy, stem from Federal deficit spending, whether they bear interest or not.
    Issuing interest bearing debts doesn’t change the amount of net financial assets, only their composition (the ratio between interest/non-interest bearing debts) is altered.
    The actual notes are printed by the Treasury and the Fed actually remits all profits to the Treasury.

  8. WilhelmDrake May 2, 2013 at 7:49 am #

    What kind of an economy is that doesn’t use resources.
    That the whole point of an economy, to mobilize labour & natural resources into the production & distribution of finished goods & services.

  9. WilhelmDrake May 2, 2013 at 7:50 am #

    If it is a private entity why does it remit all profits to the Treasury?
    What kind of private bank would do that?

  10. Alicia Banks May 2, 2013 at 7:57 am #

    hobama is a corp whore
    any deal with hobama is a deal with the devil
    this is more proof that hobama is bankster!
    this deal increases taxes on the poor and middle class!
    and it decreases taxes on corps and the rich!
    hobama = wall street!
    hobama = gwb 3.0/new nixon/hitler!
    cc designer poverty/wwiii/haarp/dhs/fema/sandy/africom etc!
    shame on the blind bilked duped dumb fooled fleeced sheeple!

    aliciabanks.xanga.com/769548050/selection-2012–%E2%80%9Cforward%E2%80%9D-with-the-fleecing-of-america/

  11. estbroadway May 2, 2013 at 8:31 am #

    lmao i was thinking the same shxt haha

  12. estbroadway May 2, 2013 at 8:35 am #

    right these mufukas on some bullshxt

  13. Nikki Laney May 2, 2013 at 8:41 am #

    who gives a fuck they raised taxes on 2% of mutha fuckas when the rest of us r still being taxed in to suckin dicks after work to pay rent. Change my taxes….impress me

  14. DavidByrne85 May 2, 2013 at 9:05 am #

    ‘Hudson’s a wall st charlatan’. lol Did you listen to a single word spoken you pillar of nonsense?

  15. WabbitHunter12345678 May 2, 2013 at 9:06 am #

    They need to tax the rich they don’t pay. This is annoying. It’s happening cause no one can come to a agreement.

  16. Natashaofwindsor May 2, 2013 at 9:55 am #

    Why Middle Class Should Pay Higher Taxes In 2013 ? It Was Greedy Corporations Who Sent Jobs 2 China Middle class didnt sent all jobs 2 China greedy corporations did In 2013 middle class should not pay higher taxes greedy corporations should Starting January 2013 PRICE ON COFFEE IN WASHINGTON MUST GO UPInstead of drinking 10 cups a day 1 in a morning is enough AS OF 2013 ALL GREEDY CORPORATIONS WHO MAKE $250 000 MUST PAY HIGHER TAXES HEALTH CARE MUST be free why? ALL factories are in China

  17. GODISTHEONLYTRUTH May 2, 2013 at 10:44 am #

    BREAKING NEWS! Fiscal cliff a FRAUD! watch?v=HKxdh9Qfq1Q

  18. CantSpeallRite May 2, 2013 at 10:49 am #

    The treasurer is printing money like crazy and it cannot keep up with the demand that the deficit is creating. It’s an inflation tactic created by oil companies and lobbyists.

  19. jannmutube May 2, 2013 at 11:14 am #

    In the CNN video “How we got to the edge of the Fiscal Cliff”, the commentator says “Almost all congressional Republicans signed the Norquist tax pledge which forbids those who signed from raising taxes ever under any circumstances.” Did you vote for Grover Norquist, President of Americans for tax reform, a private group, to represent you? It sounds like Republicans are being led by a private interest group. How is that different from former Illinois Governor, Rod Blagojevich?

  20. txsray1 May 2, 2013 at 12:06 pm #

    The guy on the phone is a total liar. The government has been robbing social security all along. There is no surplus of funds. With the baby boomers retiring there is a definite shortage. The crisis is due to corruption and theft, but it is very real. Austerity is absolutely unavoidable. In fact an absolute collapse of the entire economy is unavoidable. Why should we listen to this wall street charlatan? Sure the fed can create more money, but they can’t create more value.

  21. Karl Knutson May 2, 2013 at 1:03 pm #

    looks like someone put a hot poker up his butt at around 2:04

  22. jugclown May 2, 2013 at 1:43 pm #

    want to see what happens im ok with milk going up hope gas doesnt

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