Thom Hartmann: Eurozone catastrophe...will there be blood on the streets?

[thomhartmann]

Run time: 07:24 https://www.youtube.com/watch?v=3x8RZEEdXPQ   Posted on YouTube: December 06, 2011 By YouTube Member: TheBigPictureRT Views on YouTube: 1   Posted on DU: December 06, 2011 By DU Member: thomhartmann Views on DU: 1643

 
Kenneth Levin, Manhattan Community College at CUNY joins Thom Hartmann. It looks like civil unrest and economic destruction are about to be exported from Greece to Italy. The new bankster-run government formed in the wake of Silvio Berlusconi’s resignation has approved a new austerity package that will raise the retirement age of all Italians - and let inflation destroy their pensions. The austerity measures also target government spending and dissolve several government programs. These spending cuts are so painful that the Minister of Labour and Welfare, Elsa Fornero, broke down in tears while she was announcing them during a press conference. Is this the beginning of the newest European empire - and a backdoor way of saying that Germany is now in the process of winning World War II?

The Big Picture with Thom Hartmann on RT TV & FSTV "live" 9pm and 11pm check www.thomhartmann.com/tv for local listings

[rdking647]

1. what should italy and greece do instead of austerity???

[pam4water]

5. Steve Keen has plan the would work not make things worst like austerity.

The USA went with austerity under austerity under Herbert Hoover and thing got worst. Went with multiple public works under FDR and things got better.

http://www.youtube.com/watch?v=dl2rSXaaIao

[safeinOhio]

6. do what Iceland did.

don't pay the banker and throw them in jail.

[truedelphi]

7. Are you kidding me?

Even the experts that are advising that "austerity is the only savior" admit that the rich will be the only survivors. And since the exotic investments are not outlawed, this can all keep happening ad infinitum, until the elderly poor are not even wearing underwear.

If you examine what Grayson is telling us this week - that European bankers have already suckled at the Federal Reserve to the tune of possibly a trillion dollars - why are the banks not the ones to undergo the "austerity?" After all, the European bankers got all this free money from Bernanke - and whether you want to be aware of this or not, our kids and grand kids and great grand kids will be paying it off. The loans, the banks say, have been paid back - but that is only if you assume the worthless "investments papers" they handed over to the Fed are worth anything.

[Newest Reality]

2. The agitprop

of using the term, "austerity" is not going to fly as a manipulative measure. It is verbal pepper-spray in the faces of the recipients and a slap in the face with a economic baton.

The austerity pirate flag is being flown in Europe and here by the neo-liberal-loving banksters and their ilk. It will not bode well in Europe, as the results are obvious. The people in Europe can see the underlying, short and long-term implications of the war-like economic measures. It is a war on the people.

We are in a similar situation here. The mass media and the political corporate servants are doing their best to sell austerity like a must have product for our self-defeating consumption as "consumers" and "human resources".

Forget about the human being part, that's not in the ideology, or didn't you get the memo? Anything that does not relate to banks, markets and transactions is a product of your habitual, fantasy-prone mind. The current system is banking on your delusions of meaning and self worth as a sentient, feeling, living being. It can be distressing and even overwhelming to realize that the technocratic, neo-liberal agenda defines you as a thing. It is even more uncomfortable to consider a future where that becomes the accepted and prevalent ethic concerning life on this planet. You can see it if you look, right now.

Are we going to buy it?

[pam4water]

3. Moved

[DeSwiss]

4. K&R

- That should be a bankster crying. In his/her jail cell......