Concern at IMF meeting over imbalanced world economy
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Concern about an increasingly imbalanced world economy is being raised at the IMF Spring Meetings in Washington. Income inequality in industrialised countries is now at its highest level in 50 years, according to the OECD. The average pay of the top ten percent of earners is now almost ten times that of the poorest 10 percent across the OECD. Angel Gurria, the OECD's Secretary General, told euronews: "Yes, there is a sense of urgency, yes there is a sense of the need to address the issues. An… READ MORE : http://www.euronews.com/2015/04/18/concern-at-imf-meeting-over-imbalanced-world-economy What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Comments
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Everyone loves the feudalist system. Life is good when you own a castle and kingdom, and force all the landless peasants to pay taxes if they want to eat and farm off your land.
I believe the air was taken out of feudalism temporarily, with the discovery of the Americas -- people could easily escape the feudal system and get their own kingdom of land in the new world. Now there is no more escaping, and voila, feudalism is making its way back.
The foreclosure of land (privatization) is what's causing inequality. The natives of North America didn't have fenced off land. The concept of borders was foreign to them. -
This is the mantra they use to justify forcibly homogenising countries under antidemocratic structures such as the EU. You need only look at how the EU is infact the only raft left stuck in the mud to know what bollocks they are speaking .....
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And then when they all got home, they realized they needed more money for their banker buddies. It was time to start stealing from everyone and printing more money for themselves yet again.
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Henry Ford understood that he had to pay his own workers enough so that they could afford to purchase the products they and he were producing and much to the chagrin of his competition he did just that and it changed the world.
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What is difficult for me to understand is why would the relatively small percentage of bankers not want to empower the vast majority of consumers with more buying power? In so doing the products and services that the wealthy offer and would like to sell would come into an affordable range for a larger number increasing sales and boosting the overall economy including the bankers overall wealth. Dependence on credit as a strategy to enslave the majority is not only unsustainable but dangerous.
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Ahahah 😂😂 Greek finance minister Yanis Varoufakis the rear, while Turkish Economy minister is sitting in front between IMF chief Cristina Legard and US Central Bank Chief. Difference between Turkish and Greek economies.. On one side, world's 16 biggest economy and President of G-20 Major Economies, on the other hand economically collapsed IMF and EU dependent a miserable Greece.
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they realize some people are waking up
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planning for Economic Collapse
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it is little too late to be concern
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Ha! Meeting of the Crooks.
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