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Title: "It's not like before" / Fooled by globalization (Video)
Source: Brasscheck
URL Source: http://www.brasschecktv.com/page/542.html
Published: Jan 26, 2009
Author: Brasscheck
Post Date: 2009-01-26 10:41:31 by TwentyTwelve
Keywords: Globalization, Economy, Depression
Views: 83
Comments: 3

Globalization...

The big banks wanted it...the huge industrial cartels wanted it...agribusiness wanted it... all the "policy experts" pushed it...and White House criminals like Bill Clinton and George Bush railroaded it.

Who didn't want it?

Labor unions...small farmers...citizens concerned about the sovereignty of their own countries...human rights activists.

Well, we're economically "globalized" now.

And here's what one of the leading mathematicians in the world and one of the currently most successful options traders in the world has to say about the potential consequences.

Make sure you're sitting down and don't operate heavy machinery right after watching this.

Details:

www.brasschecktv.com/page/542.html

- Brasscheck

Click for Full Text!

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Fooled by globalization

A sobering discussion on the nature of the current economic crisis and why this one may be very different from ones in the past.

The problem: globalization adds exponentially to the complexity of potential outcomes, but the banking system is not designed to absorb the kind of rapid and massive changes globalization makes possible.

These aren't two hippies railing against the system. This is one of most insightful mathematicians and one of the most accomplished options traders of our time.

TwentyTwelve  posted on  2009-01-26   10:42:04 ET  Reply   Trace   Private Reply  

I am watching this video now. Sounds interesting. Thanks for posting it. I have long believed and said that the root problem is these global trade deals starting with the treasonous NAFTA. Then GATT and so on. If we want our country back we need to repeal these unconstitutional laws. Enact protectionist laws. If GM wants to have a plant in China. Fine that is their option. BUt when you send that crap back across the border there should be a tariff that makes it 50 percent more expensive then making it here. That is the solution. Or at least a giant step in the right direction.

Old Friend  posted on  2009-01-26   10:47:42 ET  Reply   Trace   Private Reply  

I have long believed and said that the root problem is these global trade deals starting with the treasonous NAFTA. Then GATT and so on. If we want our country back we need to repeal these unconstitutional laws.

Bill Clinton and George Bush destroyed America. They were both good puppets and did exactly as their masters wanted them to do.

TwentyTwelve  posted on  2009-01-26   10:53:12 ET  Reply   Trace   Private Reply  

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