Time Bomb in Global Finance – Rob Johnson
A Bank for International Settlements study says 60+ trillion dollars of off-the-books currency swaps could be a profound, systematic risk. Robert Johnson joins Paul Jay on theAnalysis.news.
A Bank for International Settlements study says 60+ trillion dollars of off-the-books currency swaps could be a profound, systematic risk. Robert Johnson joins Paul Jay on theAnalysis.news.
This is an episode of Reality Asserts Itself, produced on June 16, 2014. Capitalism is not rebalancing; the yearnings and desires of large portions of society are not being responded to.
This is an episode of Reality Asserts Itself, produced on June 15, 2014. Mr. Johnson says the compulsive pressure of money in politics has led to an abandonment of rules other than rules which transfer risk onto the back of the public.
This is an episode of Reality Asserts Itself, produced on June 17, 2014. Mr. Johnson says politicians dependent on campaign contributions from the wealthy are allowing finance to bankrupt Detroit and cities across the country.
This is an episode of Reality Asserts Itself, produced on June 13, 2014. Mr. Johnson says TARP was an abomination; finance controls the government and uses it to cover its losses.
This is an episode of Reality Asserts Itself, produced on June 12, 2014. Mr. Johnson says, “I used to tell my dad, if I’m fortunate enough to see St. Peter and get through the gate, I’m not going to get in because I helped knock off the British pound”.
This is an episode of Reality Asserts Itself, produced on June 10, 2014. On Reality Asserts Itself, Mr. Johnson says the scale of the political investment of finance – six, seven hundred million dollars – is overwhelming. With the political power of finance, do we still have a democracy?
This is an episode of Reality Asserts Itself, produced on June 9, 2014. Mr. Johnson says the idea that you were going to cut taxes massively and this was going to lead to a growth in revenue and close the deficit was silly.
This is an episode of Reality Asserts Itself, produced on June 8, 2014. Mr. Johnson, who, while working with George Soros, “broke the Bank of England,” talks about growing up in the turmoil of racial tension and the mass movement against the Vietnam War.
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