Has The Crash of 2016 Now Begun? What Can & Should Be Done?
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Economist Dr. Richard Wolff, Democracy At Work, goes off on the state of the economy w/Thom. What no one is talking about is the fact that that China isn't driving the looming economic crash - what's driving it is the fact that so-called "free market" capitalism and austerity politics are failing at a global scale. For more information on the stories we've covered visit our websites at thomhartmann.com - freespeech.org - and RT.com. You can also watch tonight's show on Hulu - at Hulu.com/THE BIG PICTURE and over at The Big Picture YouTube page. And - be sure to check us out on Facebook and Twitter!
Comments
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I can tell you don't respond to comments but are home prices going to get lower or higher in 2017?
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I think the economy is working exactly as planned. much of the middle, upper middle nd lower middle class earnings are distributed around the world to really very poor people.
lest we forget, the u s had 4% of the world population but 25% of the wealth not to long ago. -
Funny how this asshat calls a bottom in the market a crash. Leftys feed off of fear and pessimism. Stupid democrats criticize the very system which has given them such a cush lifestyle. Try living in Stalin's Russia or Moa's China or even fucking modern Cuba for that matter.
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There is no difference between wall street and a casino. You can hit it big or you can go bankrupt. It's up to you. You can start trading options for as little as $2500. You can turn $2500 to millions or you can lose it on the first trade. Some make it some don't.
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8-10-2016 >>> DOW 18,5000 ... Home prices in Los Angeles no sign of crash :) San Fernando Valley (north of Los Angeles) 3bd 2ba 500K ... perhaps you should predict when something will hit the earth ?
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Lol ppl be like while I'm already poor I'll be fine...dude it gonna be 3world country bad better start learning how to farm if you want to eat?
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The market does not operate sanely - besides being rigged. See video by "60 Minutes"
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First you have to understand that this is being done on purpose the collapse that is. It's all about gaining control and making us slaves.
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China also destroyed their own environment.
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Hahaha! Big deal so what!
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how come none of you guys could predict the crash of 2008 all of a sudden your financial experts every year since 2008 everybody's predicting a crash crash crash crash now Silvers going to hit a hundred dollars an ounce gold to hit 10000 ounce you people are just dreaming out loud
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The stockmarket ALWAYS goes down. But guess what? It ALWAYS goes UP as well. And it goes up more than it goes down.
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Celar as crystal
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My understanding in further research that china is having labor law issues..imagine that?? lol and that's why production has slowed down to the point of shipping even coming here. That's why we haven't received crap from china whether its retail or just plain garbage manufacturing of goods sent here..(we don't want/need btw). Just sayin...
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Yep 2 left wing nutjobs discussing economics, and this moron being interviewed advocated Bernie Sanders, geezuz Christ. As for "free markets", we have none, all manipulated by central bankers and monopolized, and yet Bernie Sanders doesn't want to Audit the Fed. Socialism is a joke and Bernie fucking Sanders is a fucking joke. Sadly Trump and Clinton aren't much better in fact equally as bad, United States is fucked overall.
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Blame our unfair private and over rated education system for that disaster! Also the higher the lifestyle in childhood, the lazier we become, unless the parents don't allow it to happen and force us to perform in our one sided education system. I heard from a jung teenager refusing to even learn something? Why bother?? Daddy has millions he can't use!!! We totally failed to realise that we break the kids into doggies of our dreams instead of making their individual talents prosper.
So now we have the sheep of the rich in charge while the rich goats do the best they can for them selves. Some choose to rape the system and rather play sick and weak because they are not willing to perform on the lower ranks for the upper class for peanuts. (many refugees have that skill down to fine art as well) They know they deserve better then that. So the more hard working a nation is in manufacturing of any kind, the less they have to fear. We only suffer IF we depend on others because we can't do it ourselves. That creates mental stress and leads to sickness of any kind at the end. -
print money you be fine
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End the PETRO DOLLAR!!!!
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I'm frankly appalled by this stupid little "ad" by AT&T. The problem isn't the free market & capitalism, which we haven't experienced in the past century, really. The problem is cronyism, fascism & greed operating within a capitalistic market. Once God has been removed from society, so goes morals, values & principals as everything becomes "relative." If we had a society that held its standards high, enforced laws, punished lawbreakers (no matter WHO they are), and wasn't so heavily influenced by greedy, power-hungry politicians, CEOs, that godawful central banking system run by a handful of elite globalists, PLUS those same people owning & running all of the mainstream media to spew forth all their lies, we wouldn't be in this predicament. Now go ahead and bash me over my comment about a Godless society, but it's true, & I don't care what anybody has to say in dissent. Just think about it.
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