Tag: quantitative easing

QE as explained in Xtranormal

What I learned in 3 years of reading Econ blogs summed up in 7 minutes and I was rolling laughing.

Enjoy!

The Last Refuge of Failed Economic Empires and Banana Republics

Laura Flanders of GRITtv.org talks with economist & Co-Director of the Center for Economic and Policy Research in Washington Dean Baker about the Obama Administration deficit commission‘s recommendations for massive cuts across the budget, most significantly to Social Security and health care programs, and with UK journalist Laurie Penny about the growing street protests in London last week. Flanders also talks here with Susan Leal, co-author of the new book Running Out of Water and about the corporate push to privatize water:

“It’s the wrong answer to not a problem,” says Dean Baker of the report out last week from the leaders of Obama’s deficit commission, Erskine Bowles and Alan Simpson. The report, which recommends massive cuts across the budget, most significantly to Social Security and health care programs, has been roundly criticized by progressives for its targeting, but Dean notes that the biggest problem with it is that without the health care crisis we still have, we wouldn’t have deficits in the first place.

He joins us via Skype from Washington, D.C. to talk about the commission, the latest action by the Fed, and what can really be done to balance the budget–and why we should be much more focused on creating jobs and really reforming health care than on slashing programs that benefit us all.

“It’s fair to smash up someone’s future but not to smash up someone’s lobby,” notes UK journalist Laurie Penny of the student protests in London last week, now being branded as “violent” and “out of control.” Aside from one person who dropped a fire extinguisher off a building, she points out, the protests were free of violence against people, and property damage needs to be put in the proper perspective.

Laurie joins us via Skype from London, where she attended the protests and covered them for The New Statesman, where she is a columnist, to provide some perspective on misunderstood events–and to fill us in on why they’re said to be only the beginning.

“We’re on a collision course with our finite supply of water,” says Susan Leal, co-author of the new book Running Out of Water. It’s not just that the supply is limited, she notes, it’s our growing population, increased personal use, and climate change that are all playing into what journalist Anna Lenzer calls “the coming shock.”

Susan and Anna join us in studio to discuss water: why we’re limited, why privatization and drinking bottled water isn’t the solution, and why the problem has a better chance of being solved when people work together rather than have decisions imposed by private corporations.



GRITtv.org – November 15, 2010

Dean Baker, Laurie Penny, and the Coming Water Crisis

Robert Scheer: Appetites for Wealth

Laura Flanders of GRITtv talks once again with Truthdig.com’s Editor-in-Chief Robert Scheer, author of “The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street“, about Barack Obama’s economic policies and team, about the blackmailing of you and the country and the world by Wall Street, about the financial industry lately booking two thirds of all profits produced by all economic activity in the United States, and about the parasitical mindset that now passes for “success” among the ultra-wealthy and their political servants in a morally warped empire in decline…or in freefall?

“Wall Street was blackmailing us,” says Robert Scheer of the bank bailouts, “And we got nothing in return.” It’s not news to any viewers of GRITtv that Wall Street’s tentacles ran throughout our election, but now that the election is over, we turn again to the running of government. Scheer joined us in the studio recently to discuss his new book, The Great American Stickup, and we asked him to give us some thoughts for after the election as well. Most pressing of all, he asks if either bankers or politicians are capable of thinking in anyone’s long-term interests.



GRITtv.org – November 6th, 2010

Robert Scheer: Appetites for Wealth

Dystopia 10: The Desert


The Bene Gesserit Littainy against Fear.

I must not fear.

Fear is the mind-killer.

Fear is the little-death that brings total obliteration.

I will face my fear.

I will permit it to pass over me and through me.

And when it has gone past I will turn the inner eye to see its path.

Where the fear has gone there will be nothing.

Only I will remain.