[518] Steve Keen on debt and the next global recession

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1. say debt bubble again . .
2. I have one word for Keen - Poppycock!
3. Your voice is sweet and touches to heart. You do hard work in preparing such core issues that I watch you on RT frequently. You highlight very very important and judicious issues of international importance. It is all due to your hardwork and selection of issues of paramount nature in the world without any discrimination, truthfully and honestly. You have a lot of potential and talent. A great asset to RT. My convey my good wishes for your future success Ameera ji.
4. I wonder what Bernie Sanders would say about the tax inversion.
5. The central banks should print money and pay the creditors and forgive the people or institutions that are in debt
6. How can you honestly wipe the slate clean regarding debt, what message does that send to people who borrow more than they can ever pay back. What message does that send to honest people who save in hope of prospering without committing fraud.
   
   Example: you borrow a million pounds knowing you cant service that obligation at 5%, you got the mortgages though self certify application and lied through you teeth about you income.
   
   The amount off unscrupulous people in the UK who have done this is off the scale.
   
   What we should be doing is going back to a system that is run by free markets that are not manipulated at will by central planners and government mafia. This way you return to an Austrian economic type of system instead of the Keynesian madness we are in today. All markets would have purged themselves of bad debt years ago if we had a free market situation that was free of central planners and government melding.
7. sexy legs.. keep it up sweetie
8. Keen is about right here, in fact I've been saying pretty much the same for about a year now :) China is in a 2008 position and this will spread throughout the Asian/emerging market region, but for the West it's more 1997. A smaller technical recession is quite possible, IMF bailouts for emerging markets and Draghi and the Fed finding ways to pump prime though falling short of any jubilee it will mostly protect asset prices and preserve the historically high inequality.
   2017 the domino effect of China in full effect perhaps? 'May you live in interesting times' as the Chinese say.
9. Debt Jubilee EQUALS rewarding bad behavior.
10. I wonder whay Steve will be saying when the Dow is below 3,000?
11. 5:40 is that guy stupid, no bubble? DERIVATIVES BUBBLE 200 TRILLION, INTEREST RATE BUBBLE, CAR LOANS BUBBLE, HOUSING 2.0 BUBBLE, OIL BUBBLE. what an idiot
12. ameera seems to be getting more animated. not that its a bad thing
13. Why does every women on TV think that OIL prices being cheap is bad for business? Are they retarded? How long does heavy equipment run for durring the day...... 8-12 Hours, that's about 600$ a day at 4$ how many extra employees can a company add when fuel is cheap? I get it women don't do manual labor, and this stupid idea that somehow making everyone more poor is good? ON WHAT PLANET HOW DOES THAT HELP BUSINESS OR PEOPLE spend the extra money they WOULD NOT HAVE. Who comes up with this CRAP! I get it RT is State Sponsored, and putin does own GAZPROM, the country's biggest fuel exporter. But how does that help anyone having to pay more. Are these women brain damaged? And just notice that on every network its women who link these 2 totally incomprehensible concepts as somehow linked to NO DEMAND. So you think demand will go up if gas costs 6$ a gallon. Again on what planet lady.
14. I like Steve Keen but the US in major trouble. If the Suadi's decide to devalue their 3.5/1 peg that they have had over the past 30 years. With the geo-polotical tensions in the region the Saudis could easily do a currency devaluation like China in 2015 and the Swiss with regards to the Euro. Suadi can't afford to blow through its reserves when it has enemies that are deemed hostile surrounding them. That in my opinion will be the beginning of the end of the USD as the worlds reserve currency.
15. What about the Bunda bank and its derivatives?
16. steve was right about one thing : this will be nothing like 2008.
    edit: and what steve is speaking of is called helicopter money, its been done before and it never EVER ends well, debt jubilee is not the same thing as his modern response to this.
    
    
    and dont be fooled america the only reason you have this buffer is because other countries buy your Tbills still wait till they begin to sell enmass.
17. Bloody oath he is gotta be joking must be paid CIA personnel. Tell me how many idiots believe him?
18. They should only be consumption tax on the people, no income tax and according on how many employees industries employ their tax system should be on a sliding scale. No Brainer
19. Taxing corps is double or triple taxation. Of course, Sanders isn't smart enough to figure that out. IMHO we'd be better off with a recession, because it would mean central banks had stopped trying to rescue us, which is the cause of the malaise. That would cancel debts, but not in the way imagined. The major debtors are business. So we aren't talking Keynesian fiscal stimulus. Plus a "debt jubilee" would remove money along with the debt. If Keen thinks, as he apparently does, the govt may decide whose debt to expunge, then he's either talking revolution, or progressive taxation with "tax expenditures." There's no free Sachertorte. We're in no position either to manufacture all the stuff we've been importing from China, and it will be transferred to other "emerging mkts," which may help them, but not us, in the way some appear to believe.
20. great show ameera