Real News:

IMG Auteur
Published : May 15th, 2018
240 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Crisis Watch

“It’s no accident that the size of the financial sector today as a percentage of GDP is at levels equaled only on the eve of the Great Depression. Like the decade leading up to the financial crisis of 2008, the Roaring Twenties were marked by not only financial boom and technological wonder, but also massive income inequality. Worker wages stagnated and those of the upper classes grew, bolstered in large part by stock prices. Another similarity was a rise in debt, both public and private, which was used to mask the declining spending power of the lower and middle classes and its dampening effect on GDP growth."

Rana Foroohar, Makers and Takers

Paul Jay interviews Rana Foroohar on the global economy, debt, and financial crises.

Rana Foroohar is an associate editor and global business columnist for The Financial Times. She’s also CNN’s global economic analyst and she joins us in the studio.

Here is a link to the original interview and transcript, as well as five additional interview segments.

The Western establishment is caught in a credibility trap. And this intransigence to change and genuine reform is going to lead to severe economic and civil dislocations before it is resolved.

There will be blood.

And no one could have seen it coming—  because they have tightly shut their eyes to it, and deafened their hearing with slogans and catch phrases fed to them by think tanks and the mainstream media.




<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Will The Gold/Silver Ratio Approach 15:1?
14 AugS W.
Who cares?
Dollar Up, Gold Prices Down for Longest Run in 24 Years as Comex Be...
07 AugRocco
Gold prices are down and Bullion Exchanges are still offering the best prices I can find. https://bullionexchanges.com/
Silver Price Forecast 2019/2018: Silver Bull Market Is Almost Here
19 JulS W.
Hi Rocco. Now that silver has gone below Moolman's 15.995 and according to him that this signals a long term bear market...have you got a pla...
Silver Price Forecast 2019/2018: Silver Bull Market Is Almost Here
14 JulS W.
How can you sell at $60 if you've sold it all $30 What is your stop price $ It will not surprise me to see it go to $10 or $11 because...
Silver Price Forecast 2019/2018: Silver Bull Market Is Almost Here
09 JulRocco
100% for a safe profit investment. If it goes above $60 for sure i'm going out and selling ALL my silver to http://nycbullion.com ... I would even ...
Silver Price Forecast 2019/2018: Silver Bull Market Is Almost Here
05 Julprljr
Good ??'s I was wondering the same things.
Silver Price Forecast 2019/2018: Silver Bull Market Is Almost Here
04 JulS W.
If the market ? goes bearish or bullish you have to ask yourself the question "why did I buy silver in the first place?" Do you have a stop? What i...
Silver Price Forecast 2019/2018: Silver Bull Market Is Almost Here
02 JulRocco
Great article, I think/hope silver will continue the bull!! I've invested in too much silver for it to start being a bearish market!
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS