Financial War in Iran, Riots in Greece and Jobless Conspiracies in the US!
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check us out on Facebook http://www.facebook.com/CapitalAccount Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta Welcome to Capital Account. The IMF lowered growth forecasts and warned of a world-wide recession in its World Economic Outlook report. This was the IMF's bleakest assessment of global growth prospects since the 2009 recession, according to the Wall Street Journal. Is the IMF late to the party? It upgraded growth prospects for only one major nation from its previous forecast: the US! Did the IMF take into account that the US is in a QE induced coma? We talk to Mike Shedlock about the meaning behind the IMF's report. Also, the US jobs numbers released by the BLS last week are still making headlines. The downturn in the unemployment rate during the election season prompted some high profile people, such as former GE CEO Jack Welch, to suggest that President Obama's team manipulated the data. Our guest, Mike Shedlock, Investment Advisor for Sitka Pacific Capital, is here to dispel the conspiracy theories around the drop in unemployment. In 2003 Austan Goolsbee, who later became an Obama aide, argued that in previous economic downturns "the unemployment rate has been low only because government programs, especially Social Security disability, have effectively been buying people off the unemployment rolls and reclassifying them as not in the labor force.'' He cites the loosening of the standards to qualify for disability payments in the 1980s and 1990s as a reason for the increase of those in the disability system, a form of 'invisible unemployment.' The trend of rising disability insurance has continued in this recent economic downturn. We talk to Mike Shedlock, author of the popular blog Mish's Global Economic Analysis, about factors that cloud and complicate the unemployment picture. Plus, Angela Merkel is in Athens offering words of support for her Greek counterpart. Talk is cheap, far more expensive are the conditions for more bailouts and debt write-downs! Words of support don't pay the bills or reignite a stalled economy. Lauren and Demetri look at how the mainstream media has misrepresented the problems in Greece. Also, Iran faces hyperinflation...or does it? Lauren and Demetri discuss the economic impact of sanctions and price controls in today's "Loose Change."
Comments
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RT = Russia Today
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Obama care! Bitch Pleeze. Over Population, Greed and System Suckers are the damnation of the world.
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Why do I constantly feel the need to punch RT news anchors in the face?
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I agree, Joe Scarborough is a f*cking arrogant loud-mouthed idiot, MSNBC should be embarrassed of him - it is pathetic to have that idiot letting his verbal diarrhea out of his mouth
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Greece has 2 problems they have trade deficit and have they low economic freedom
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I see the disability issue through a different lense. It common knowledge among the sick and social workers that almost one one gets disability with their first application. Its hard to get. Many frail people have relied on family who are now out of work. Disability becomes crucial. Bad times always effects the poor the sick and aged, compromising them mentally and physically. Don't blame the victim.
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WAtch my video 5 DAYS LEFT!!
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shes so starting to out-grow this mom and pop operation. I can't see her doing this show much longer.........shes hotter than Amy Adams,very intelligent,and ambitious. She will be on TV soon,major network.
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Her breasts make it hard to concentrate
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i wish she would suck me dry
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Lauren just keeps on delivering that SMART & HOT combination.
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In return for that display of stupidity (which even his co-anchor didn't agree with), Joey Scarborough prolly got a blow-job from the Austerity Witch. Eww!!!
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As Dow Jones reported: “A Labor Department economist said one large state didn't report additional quarterly figures as expected, accounting for a substantial part of the decrease.” cnbc com/id/49372827 I think the unemployment report is an election conspiracy, not a theory.
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most people dnt ge this, money is debt, ts not wealth ts debt gold is wealth food is wealth itsreal money land is real money currency is used to make ppl have debt and loose heir land and gold and even food, in 2012 the biggest export product oput portugal was ppl gold... eng bought by other countrys inside eu, they are sucking us dry
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the system is made for all countrys to go bankrupt and future wll be of war and division,german just wantted the euro so they could grow by passing borders an having weaker currency until the euro germany had high unemplyment and low growth and since thy just export and dont consume and everybody is in debt now or the 3 word gets in debt for west or the whole system will collapse
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all countrys are bankrupt cause money is debt so the higer countrys grow the biger the debt they have this is the truth, look at japan te perfet productive nation, working like slaves perec companys high growth in 80s double digit loo at them now 0 gowth 200% debt to gdp there is no way ot all countrys will go bankrupt grmany went bankrupt times i the 20 century they are already lose to 100% debt again and they have a high productive society usa is 300% n debt 58 trillion
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I am appalled a what Joe Scarborgh said. What is happening to Greece is absolutely criminal. Greece's assests have been sold. They have lost their sovierenity. All this to pay for a debt that can never be paid! Next may be Spain or Ireland or Portugal etc......the World is being sucked down a whirling vortex of debt created by the elite and ultimately paid by us. First they own Greece, who is next.
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I agree. Until Demetri can devote most of a show's episode toward Greece with an expert guest about the situation there, who can convince me otherwise, I'm inclined to agree with Joe Scarborough's comment.
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sorry, grammar fail...
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At the end of the day, myself (meaning Americans) shouldn't wade through the thickets and weeds of my yard to cross the street my neighbor how to mow his lawn!:) And truthfully, after listening to Joe again, he is pretty dismissive and flippant. There's little, if anything, funny about people in the streets breaking stuff. We might be careful that it's not US in the streets next.
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