Marc Faber analyzes the reasons for the Crisis

Slavoj Zizek vs Marc Faber

Marc Faber : The experiment of the central banks and the fiscal packages that have been inactive by western governments will bitterly fail , but it may first work for a while in the sens that if you have cracks in a building and you put white paint on it it look better for a while . The problem will be that interest payments on the government debt will go up dramatically in the US , so you could end up with essentially a structure where fifty percent of tax revenues will eventually be used just to pay the interest on the government debt at that time the system breaks down than you have to monetize than you go to hyperinflation , hyperinflation usually is bad for the average household , the average household does not participate its real income goes down and then the end is that in order to distract the people from the problems you go to war...you may ask where is the enemy , well for sure the Americans will find someone somewhere , that's for sure , they can invent somebody


Slovenian philosopher Slavoj Zizek, aka The Elvis of cultural theory, is given the floor to show of his polemic style and whirlwind-like performance. The Giant of Ljubljana is bombarded with clips of popular media images and quotes by modern-day thinkers revolving around four major issues: the economical crisis, environment, Afghanistan and the end of democracy. Zizek grabs the opportunity to ruthlessly criticize modern capitalism and to give his view on our common future.

We communists are back! is the closing remark of Slavoj Zižeks provocative performance. Our current capitalist system, that everyone believed would be smoothly spread around the globe, is untenable. We find ourselves on the brink of big problems that call for big solutions. Whatever is left of the left, has been hedged in by western liberal democracy and seems to lack the energy to come up with radical solutions. Not Zižek.