'Major crisis still ahead, past one was minor'
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Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last years collapse was its minor version.
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I've been reading some of Wallerstein's essays from the late 90's and early 2000s and his accuracy in predicting some events is impressive. We're about to see if the dollar collapse actually occurs, as well as the bubble created by the government bailouts and the new geopolitical alliances...
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he is correct. watch zeitgeist moving forward
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@InToonamIsLegacy Hell no. Canada is way better off. It doesn't reckless print money and its deficit is way lesser. It can depend on its agricultural sector unlike US, which mainly depends on its manufacturing sector. Too bad now all its manufacturing jobs are all outsourced."
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LOL, gotta love these old timers, this dude mentioned Egypt 2 years in advance ... just waiting for the dolla to crack now!
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Very interesting perspective, common sense intelligently articulated. Thanks for posting.
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Not having read his works or considerd his accomplishments, this interview would be less interesting...though it is very deep and worth listening. Most of all, his charactor is fascinating . I have read his works but never seen his speaking like this. wow I am liking him at same degree as I like his work.
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Wow. The interviewer is completely hot.
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Hello comrade!Yes,Mr Wallerstein talks about our future farmers :)!!WOWU
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Thank you for sending me this. WOWU!
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:) !Yes Brendan!! I agree!Wonderful!
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Just so u know, the same families [more or less] that ruled over the Roman Empire, rules the Western, African & Middle Eastern Empires now. The Empires fall but those who create & direct them go on fooling the rest of us into thinking we r free. If u r lucky enough to know an Economists that has maintained any Stately &/or Multi-Corporate accounts, they can tell u with whom the buck ends & has always ended.
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all empires eventually fall. the roman empire lasted for hundreds of years, we only lasted about 100 yrs...
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Interesting prospective
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Our government is not really turning socialist, it's turning into a fascist/corporatocracy country.
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Buy gold!!
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Perhaps socialism works, but almost everyone in the US is afraid of it, and if the US becomes a socialist country, the power would just remain with the people who did this in the first place. We should have a democracy. A real democracy that lets its people choose its laws and control the economy. Now we can only vote for the people who are going to steal from us.
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Obama has enlisted the same cast of criminals to fix the problem as had Bush, the same Wall Street speculators and thugs who created the debacle in the first place and who are now plundering the public purse, robbing taxpayers and creating trillions in public debt that will never be repaid. In the seventeenth century speculators such as this were executed. Today they are rewarded with taxpayer dollars to bail them out. Go figure?
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What is an alternative? (serious question)? Could socialist world model work?
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And don't get me started on Saudi Arabia They are the poster boy for Religious Extremism, there is not an ounce of democracy in S.A yet only Israel receives more financial and military aid from the United States than Saudi Arabia. Still though the US hasn't tried to democratize either of those countries. They key thing to remember is the US tries to democratize countries that do not have US interests above their own whether they are dictatorships or democracies. Stupid woman
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"What will happen to the arab world especially after the US has tried to democratize arab countries?" Since when has the US tried to democratize arab countries? Egypt and Saudi Arabia are 2 of Americas biggest allies yet they are no definitely not democracies. Egypt have banned political opposition for years now; their President Hosni Mubarak has has been reelected for the last 4 terms winning 99.9% in each election and inherited power from his father much like a monarch would.
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