Category Archives: Videos

1% of the 1% Rescued by Max Keiser and the good ship GIABO

one percent rescued by keiser

Max Keiser rescues 1% of the 1% in the good ship GAIBO - click on image to enlarge

A tribute to Max Keiser and his “GIABO” campaign – Global Insurrection Against Banker Occupation. Click on the above graphic to view at full size.

Remember the  Titanic?

It was said that this was the  ship that even “GOD himself couldn’t sink”. Let that idea simmer in your mind, let it SINK into your cranium for awhile. Do you remember this dialogue from the movie?

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Should Africa Repay its ‘Odious’ Debts?

Should Africa Repay its ‘Odious’ Debts?

Boyce and Ndikumana, authors of ‘Africa’s Odious Debts’, argue that under international law, debts incurred by dictators should not be enforceable

The Human Cost of Africa’s Odious Debt

Léonce Ndikumana and James K. Boyce: The cost of servicing external odious debt leads to tragic underspending on health care and education

The Legal Basis to Reject Odious Debt

Léonce Ndikumana and James K. Boyce: International law supports Africa rejecting debts that did not benefit the people

Dr. Steve Keen calls for Debt Jubilee Forgive the Debt!

Dr. Steve Keen says Forgive the Debt! Calls for a Debt Jubilee! (Part 1)

Occupy Wall Street protests span four continents now and it’s not just average folks frustrated with the global financial system and leadership – it’s economists too. Dr. Steve Keen, professor and economist, spoke at Occupy Sydney saying that the protests all over the world show economic models have failed. It’s time to forgive the debt, time for a jubilee.

Dr. Steve Keen says Forgive the Debt! Calls for a Debt Jubilee! (Part 2)

Dr. Steve Keen says that Larry Summers and other economic leaders are still dead wrong about the economy and hopes Occupy Wall Street will change the tide.

Debt of the American Poor Should Be Forgiven

As President Obama prepares to outline a deficit-reduction plan that includes tax increases, as well as cuts to programs such as Medicare and Medicaid, anthropologist David Graeber proposes a radical solution: cancel the debt of the nation’s poor. Amy Goodman interviews David Graeber on Democracy Now.

Here is an excerpt from the transcript:

AMY GOODMAN: David Graeber, talk about debt cancellation.

DAVID GRAEBER: Well, one of the things that I discovered in researching my book is that the kind of debt crisis we’re experiencing now, being a real debt crisis, which is a debt crisis that affects ordinary people, debts between the very wealthy or between governments can always be renegotiated and always have been throughout world history. They’re not anything set in stone. It’s, generally speaking, when you have debts owed by the poor to the rich that suddenly debts become a sacred obligation, more important than anything else. The idea of renegotiating them becomes unthinkable. In the past, though, there have been mechanisms, when things get to a point of real social crisis, that have always existed. And they vary by the period of history. In the ancient Middle East, often new kings would simply declare a clean slate and cancel all debts, or all consumer debts, commercial debts, between merchants were often left alone. The Jubilee was a way of institutionalizing that. In the Middle Ages, there were bans on interest taking entirely. There have been many mechanisms.

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An economy that helps people make a living not a killing

Interview with Zeus Yiamouyiannis on the Kaiser Report on Jubilee, the debt crisis, financial fraud, the buy silver crash J P Morgan campaign.

Debt Jubilee : Crash JP Morgan, Buy Silver : : Keiser Report

Max Keiser talks to Zeus Yiamouyiannis of about the debt jubilee and Crash JP Morgan, Buy Silver. KR on FB:

I want economies that help people make a living, not make a killing.

Interview with David Graeber on Debt Jubilee

Interview with Dr. David Graeber, professor of anthropology at Goldsmiths College, University of London on his book – Debt: The First 5000 years. How the concepts of debt and credit have defined human history and what this means for our current credit crisis…

Conversations w/ Great Minds – Dr. David Graeber Debt: The 1st 5000 years P1

Conversations w/ Great Minds – Dr. David Graeber Debt: The 1st 5000 years P2

The only viable strategy is the biblical concept of jubilee, the re-balancing of everything.

From the description of David Graeber’s book Debt: The First 5,000 Years:

Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems—to relieve ancient people from having to haul their goods to market. The problem with this version of history? There’s not a shred of evidence to support it.

Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors.

Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.

Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.

You can’t borrow yourself out of debt

..anymore than you can drink yourself sober.

A quote from THE SECRET OF OZ:

The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.