Keiser Report №20: Markets! Finance! Scandal!
Every week Max Keiser looks at all the scandal behind the financial news headlines. This time Max Keiser and co-host, Stacy Herbert, look at the scandals behind ‘debt attacks’ on Spain and Greece; record short positions on the euro and whether Shanghai will be the next financial crisis. Keiser also talks to Steve Keen for an update on the Australian housing market, the continuing deflationary collapse and the chances of unrest.
Duration : 0:26:33
dollar collapse – collapse of dollar imminent
dollar collapse – collapse of dollar imminent
http://forecastfortomorrow.com
http://twitter.com/crashof2008
Duration : 0:5:23
Economic Collapse 2012 — global event — economic publications worry about future
Watch Greece and Europe’s economic troubles foretell our own future in America. As Europe falls, we fall because our Global economy is dependent on borrowed money and we have reached a point where we can no longer support the debt we have.
Duration : 0:4:8
How is Migration affected by a Global Crisis? Its effects?
what are the elements that causes migration?
how and why Migration is affected by global crisis?
Its effects?
People migrate from places where they are and there are no jobs to other places where they think they will find work.
Debt Crisis: Do you feel that the North knew fully well that the South would fail to pay off their loans?
I read that the nations of the North, such as the United States, knew that the money they were lending to developing nations were being used for reasons other than promoting economic development. Do you agree with this view, and if so, why?
Yes, everything can be labeled as "Economic Aid" but it is money given to the government to the country and after it is handed over the reciever can do whatever it wants with the money it has.
The true intentions can be disguised by labeling money as EconAid, usually if a country recieves aid it’s in the interest of the donor that the country stays afloat.
A good example of this is South Korea as it had a corrupt government during the early years and it was a poor country. I think the US donation was several times of the GPD of South Korea. The aid was used constructively later on- but nevertheless the US kept giving SKorea aid even when everyone thought at the time that South Korea will never be nothing more than a wasteland. At the time the US was giving aid South Korea was the poorest country in the world.
Can someone explain to me, in very simple terms, what the The Greek debt crisis is?
I was reading an article about the U.S. dollar. I am trying to get more understanding into the american financial situation. I am completely new to it all. Anyway, The Greek debt crisis was mentioned lots of times, but with no real explanation as to what they were talking about. . . and again I’m completely new to this stuff so I’m really not trying to sound dumb.
Very simply, the Greek government borrowed more money to hand out than it can repay. Just like California.