Is the World on the Edge of Another Great Recession?
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Thom Hartmann sees more signs of another global recession and worries it could lead to a Donald Trump presidency. If you liked this clip of The Thom Hartmann Program, please do us a big favor and share it with your friends... and hit that "like" button! http://www.thomhartmann.com Follow Us on Twitter: http://www.twitter.com/thom_hartmann Subscribe to The Thom Hartmann Program for more: http://www.youtube.com/subscription_center?add_user=thomhartmann
Comments
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It's not failing !!!
The rich have gotten richer and the rest of us are fucked.
Look at Chile under Pinochet. It worked there real good. The rich got real rich and the masses got fucked. -
Thom,we have been watching the Baltic for years now.
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Look at Europe. With deflation by some definitions they are already in recession, despite the fact that they are employing all the means at their disposal (e.g. quantitative easing, negative interests rates) to fight it. When things get worse, they will not have any arrows left in their quiver. On top of that they have the migrant/refugee crisis to contend with.
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I wish he had more views but tyt is leading us in a progressive liberal movement much better.
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Trump and his family will be the Republican equivalent of the Kennedy's.
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Yes, and it will begin in Europe. Deutsche Bank is drowning in debt. The German government can't bail them out because the total amount of debt on their balance sheet is bigger than the entire German GDP. In fact, it's even bigger than the entire EU GDP. That's what the entire austerity regime is all about. It's not about fiscal responsibilty. That's a grotesque lie to fool the public. It's nothing more than just a way to give the banks even more public money. The ECB has already printed over 5 trillion Euros to add liquidity to the German, French and Dutch banks. That's all they can do because it's a fake central bank. They can only add liquidity and pray. Fortunately that's not going to work of course. Deutsche Bank is going to collapse and it's going to take the Euro with it. It might even collapse this year. For me it can't come soon enough. It will finally break the EU, and it will present a glorious opportunity for the far-right to take over Europe. I can't wait to kill off all the leftists that have been destroying my beloved continent for decades. After we've dealt with them we'll wipe out the Muslim scum that infest our lands. A European spring is coming, and there's nothing you "progressives" can do about it.
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So who will most people blame for the next downturn. The last one I think was mortgage companies holding onto mortgages that were bad. In generalities it is Wall Street. I am simply confused what companies will be blamed for the next downturn. I simply believe I don't have the information of how to interpret what you are saying. There are people trading stocks away for less than a dollar to throw away as much as they can before the next downturn. I how many months could we be officially in a downturn?
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Thom, can you PLEASE do a show on what the difference are, between Presidential powers and Congressional powers. There are SO many people who do NOT understand this. Thank you. And give examples of what Obama wanted to do and how the republicans stopped it. example = JOBS, such as American Jobs Act.
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when the crash happened in 2008, I looked things over, and I figured it would take at least 15-20 years before things got back to 'normal'. and THAT was only if the flow of oil continued at the rate of demand. Why 15- 20 years ? Because from 2001-2008, there were MANY millions of bankruptcies. The banks were not gonna be lending any money to all these people for houses or cars or small businesses, etc. And that severely slows the economy. Make sense ? And then, when you have republicans in Congress sabotaging the economy in every way possible during Obama years, the 15-20 years are gonna be extended. And might never happen because the republicans have caused too much damage.
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Just like in 1938 Germany, Americans will realize who's behind our collapse and rightly send them to camps
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Bernie Sanders is the most pro-business candidate. He wants the companies to have many more customers that can afford their products.
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it's okay, we just need to play it safe with Hillary for another 4 years. Things aren't that bad. Glass Steagall and breaking up the big banks is unnecessary./s
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Walmart economy.
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Thom Hartman is not spreading lies, he's reading the facts. What he is doing is reporting, not spreading fear. Listen to CitiCorp warning and the economic problems we're facing today. When corporations spend more on buying back debt than creating new wealth, something is seriously wrong with our economy!
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Yes
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The U.S.never really got completely out of the 08-09 "Great Recession" (as it's called). What we go into next - to include the global economy, will not be a recession - it will be MUCH worse. I'll give you a hint - it starts with a D.
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when your economy fails and sinks into depression, your ruthless bankers will take you to war.
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It's called fascism Thom!
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History is on the threshold of repeating itself. The locations may be different, but the psychology is essentially the same.
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I wish Thom was mainstream
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