3 May 2012
When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down?
from the slowly,-but-surely dept
We've talked about the growing success of The Pirate Parties in Europe, with particularly strong growth in Germany. While some continue to dismiss the phenomenon as unimportant, it appears that more and more people are realizing why it is important. I don't think more than maybe a handful of people actually believe The Pirate Party will ever become a significant political party on its own... but what it can do (and is already doing in some areas) is changing how politics works. Even the NY Times is taking notice, publishing a fascinating piece by Steve Kettmann about how The Pirate Party in Germany is having a much wider impact. He notes that the official platform -- and what many people associate the party with -- may be niche, but theoverall goal is something much bigger:
But their real goal, and the root of their success, is more meta: using the Internet to create a new structure of politics that can solve the problem of how to energize citizens — not only for the excitement of a campaign but also the often dreary realities of actual governance.And he gives an example of how The Pirate Party is experimenting with technology to get the public much more engaged. They're not fighting back against the system just by talking -- but they're actually trying to hack the system from within:
"Athens is the front line go there and support them... Pirate parties all over the world are the political edge of the occupy movement." Luke Rudkowski interviews Max Keiser at Bryant Park after Max was done taping his TV show, The Keiser Report. Source
The impact of the toxic assets choking Spain's banks is being shown on a personal level as a legal battle begins in the country's courts.
Residents in a quiet suburb of Barcelona are taking the fight against the financial sector to the judiciary as they attempt to save a family from being evicted from their home, in a case that has become a powerful symbol of Spain's five-year economic crisis.
Treasury Secretary Secretary Timothy Geithner is like a monkey who sees no evil, hears no evil, speaks no evil while Wall Street 'elks' are protected by the police from protestor 'wolves.' In the second half of the show Max talks to trends forecaster, Gerald Celente, about economic problems and years of heated geopolitical disputes to come.
Submitted by Tyler Durden:
At The Milken Institute conference yesterday, Hugh Hendry delivered his usual eloquent and critical insights on the state of Europe. Beginning with the statement that "All of Europe has defaulted", the canny-wee-fella(translation: shrewd and cautious young chap) explained that "The political economy in Europe is such that the politicians chose to default on their spending obligations to their citizens in order to honor the pact with their financial creditors and so as time goes on, the politicians are being rejected." Between France's election of Mr. Hollande and Luxembourg's 'when times get tough you have to lie' Juncker, Hendry says the only inspiration for Europe is fiction as "you just can't make up how bad it is" as he goes on to discuss the precedent for a way forward, the grotesque distortions of fixed exchange rate regimes, why Weimar happened, why the transfer union will never happen, Ayn Rand's reality, and fear politicians are feeling.
The entire discussion is well worth watching for a sense of the underlying reality in Europe.
Jaws: The Great Greek Tax Grab