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Be part of Documentary of Student Loan Debt
Published on Sep 15, 2012 by PressTVGlobalNews
In this edition of the show Max interviews Yanis Varoufakis from yanisvaroufakis.eu. He talks about the latest developments on Greek economic crisis and the total deterioration of Greece's economy and society. Yanis Varoufakis is a political economist, author and an active participant in the current debates on the global and European crisis and the author of The Global Minotaur. He is also a Professor of Economic Theory at the University of Athens as well as Economist-In-Residence at Valve Corporation. Watch this video on our Website: http://www.presstv.ir/Program/261690.html Follow our Facebook on: https://www.facebook.com/presstvchannel Follow our Twitter on: http://twitter.com/presstv
Published on Sep 15, 2012 by RussiaToday
In this episode, Max Keiser and Stacy Herbert discuss Jamie Dimon's collateral transformation desk feeding the multitude of banksters with five quadrillion in infinitely leveraged toxic derivatives and two Treasury bills of a bankrupt nation. In the second half of the show, Max Keiser talks to Joshua Mellors of SocialJusticeFirst.com about financial suicides and the government and banking policies that cause it. Follow Max Keiser on Twitter: http://twitter.com/maxkeiser Watch all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-current) Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Google+ http://plus.google.com/+RT RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
Published on Sep 15, 2012 by ChrisMartensondotcom
Global financial markets are awash in hundreds of trillions of dollars worth of derivatives. By some estimates, the total amount exceeds one quadrillion. Derivatives played a central role in the 2008 credit crisis, as they had a brutal multiplying effect on the magnitude of the carnage. As a bad asset was written down, oftentimes there were derivative contracts written against it that resulted in total losses 10x greater than the initial write-down. But what exactly are derivatives? How do they work? And have we learned to treat these "weapons of mass financial destruction" (as Warren Buffet colorfully coined them) any more carefully in the aftermath of the global financial crisis? Not really, claims Janet Tavakoli, derivatives expert and president of Tavakoli Structure Finance. But the danger behind derivatives doesn't lie in their existence, she stresses. They play and important and constructive role in a healthy financial system when used responsibly. But when abused, derivatives can create massive damages. So at the root of the "derivatives problem", Tavakoli stresses, is control fraud - the rampant unchecked criminal action by influential players on Wall Street. (This is the same method of fraud we've explored in past interviews with Bill Black and Gretchen Morgenson). Derivatives contracts are too often constructed in favor of these parties, who if they end up on the losing side of the trade, are able to socialize their losses. Until we address this root problem of corruption, says Tavakoli, derivatives (as well as other securities: stocks, bonds, etc) will continue to subject investors and our makets, overall, to unacceptable risk.
Friend: We could do it you know; graduate from college, get a job related to our majors, pay off our student loans, and be happy.
Me: The government wouldn't let that last more than five minutes.
Huey P. Newton was a co-founder of the Black Panther Party for Self-Defense, an organization FBI Director J. Edgar Hoover once called "the greatest internal threat to the security of the United States." He spent four years in prison for the voluntary manslaughter of an Oakland police officer before his conviction was overturned in 1971. This powerful documentary features an exclusive interview by filmmaker John Evans with Newton during his incarceration, wherein Newton discusses his goals as a revolutionary, including self-determination for African-Americans, full employment, decent housing for the poor and disenfranchised, an end to police brutality, and an end to the Vietnam War.