Economy Rigging 1

Hudson On Euroland Financial Tyranny June 6, 2011

Filed under: Uncategorized — bashstreetkidjailbreak @ 10:55 pm

‘The resulting debt leveraging is not a solvable problem. It is a quandary from which economies can escape only by focusing on production and consumption rather than merely subsidizing the financial system to enable players to make money from money by inflating asset prices on free electronic keyboard credit. Austerity causes unemployment, which lowers wages and prevents labor from sharing in the surplus. It enables companies to force their employees to work overtime and harder in order to get or keep a job, but does not really raise productivity and living standards in the way envisioned a century ago. Increasing housing prices on credit – requiring larger debts for access to home ownership – is not real prosperity.’ – Hudson

Read more…/ CounterPunch: Tells the Facts, Names the Names

YouTube – UKIP Leader Nigel Farage – IMF bailing out the failing EURO project May 2011

 

 

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