The Global Economy Is In a Depression -- Jim Rickards

Monday, August 18, 2014

The Global Economy Is In a Depression -- Jim Rickards

Jim Rickards, author of The Death of Money, was interviewed on RT. Jim checks off a daunting list of countries around the world experiencing economic difficulties and offers analysis of what is really going on.

What’s happening in Germany is happening all over the world. Germany’s economy contracted… Italy’s already contracted. France has two quarters in a row of zero GDP. The United States in the first half [of 2014]… did not even grow 1%… China is slowing down, and of course, Japan fell off a cliff. If you look around the world, it looks like we’re going into a global recession, except I would say this is a continuation of a global depression that began in 2007… This is not a normal recovery, not a normal business cycle…

The Eurozone has been in a depression since the financial crisis and economic growth within Euroland has been much worse than in the US. As economic growth in the second quarter of 2014 came in at zero, Europe doesn’t seem to be breaking out of this "depression" anytime soon. Erin weighs in. Then, Erin talks to author and economist Jim Rickards, who is bullish on Europe’s political cohesion and nowhere near as downbeat on its economy as others. Take a look at what he has to say about it. After the break, Erin is joined by RT correspondent Manila Chan to figure out where Atlantic City went wrong and explore any possibilities – if any – they have left. And in Best of the Week, Erin reviews some of the week’s greatest segments including commentary from William White, Bruce Schneier, Dan Geer, and Kate Pearce – ranging from opinions on quantitative easing to mass surveillance. Enjoy!

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Henry Kissinger

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Henry Kissinger

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Joseph Stalin

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Why aren't the people in return allowed to keep secrets
from the government?
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Taxing People is Punishing Success
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The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

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This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924

Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
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Taxation is legalized Theft
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Bob Dylan

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The one who Controls the Education System , Controls Perception UNKNOWN

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Albert Einstein

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Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

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Thomas Jefferson

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Albert Einstein

Schools manufacture people who think that they're smart but they're not.
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“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.
Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN

Monday, August 18, 2014