Dr.Marc Faber interviewed by economist Peter Schiff explains why he believes that USA runs the risk of inflation rather than deflation , and how the case for United States and japan are very different , American can always pay its bills but in depreciated dollars , in theory the FED can monetize all new issues but obviously when that happens then the bonds market is toast anyway and when interest rates in the US will go up the interest payment on the government debt as a percentage of tax revenues will go up and so the fiscal deficit will actually never come down but rather go up in my opinion says Dr. Marc Faber so I think that the US has boxed itself into a very unpleasant situation "The US Dollar is really the worst of all possible currencies in the world " the second worst is probably the Euro but the US is the champion says Dr. Marc Faber
Monday, April 11, 2011
Joseph Stiglitz on Globalization
Joseph Stiglitz on the Globalization and the problems facing the global economy..
American economist and a professor at Columbia University Nobel Prize-winning economist Joseph Stiglitz author of "Globalization and Its Discontents" Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.he talks about his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work" Stiglitz is the greatest economists of the present day, and everyone should read his stuff, Making Globalization Work and Globalization and its discontents are both very good.Joseph Stiglitz simply and eloquently explains how the world's economy works. Drawing not only from his academic expertise but also from time spent on the ground in countries around the world .
American economist and a professor at Columbia University Nobel Prize-winning economist Joseph Stiglitz author of "Globalization and Its Discontents" Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.he talks about his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work" Stiglitz is the greatest economists of the present day, and everyone should read his stuff, Making Globalization Work and Globalization and its discontents are both very good.Joseph Stiglitz simply and eloquently explains how the world's economy works. Drawing not only from his academic expertise but also from time spent on the ground in countries around the world .
Dr. Steve Keen the causes of The Global Financial Crisis
Dr. Steve Keen the causes of The Global Financial Crisis
The Global Financial Crisis: Causes and the Islamic alternative. This event was organised by Hizb ut Tahrir Australia and held at the Law Theatre, University of New South Wales, on the 24th of October, 2008.This video is the first talk, on the causes of the Global financial crisis. Speaker: Dr Steve Keen - Associate Professor, University of Western Sydney, and well known economist .The financial system has already crashed but most governments around the world are in denial about it.The response by most debtor nations has been to create another bubble instead of facing reality. Their doing this by printing more money out of thin air with no value to it flooding the marketplace with cheap credit enticing people to take on more debt so they can get re-elected. But we don't need more debt we obviously already have enough cars and investment properties we don't need anymore
The Global Financial Crisis: Causes and the Islamic alternative. This event was organised by Hizb ut Tahrir Australia and held at the Law Theatre, University of New South Wales, on the 24th of October, 2008.This video is the first talk, on the causes of the Global financial crisis. Speaker: Dr Steve Keen - Associate Professor, University of Western Sydney, and well known economist .The financial system has already crashed but most governments around the world are in denial about it.The response by most debtor nations has been to create another bubble instead of facing reality. Their doing this by printing more money out of thin air with no value to it flooding the marketplace with cheap credit enticing people to take on more debt so they can get re-elected. But we don't need more debt we obviously already have enough cars and investment properties we don't need anymore
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