In this first segment of the interview, Paul Jay discusses how the global economic crisis will impact Europe with author and political economist William Engdahl. Engdahl says Italy is experiencing the worst economic crisis it has seen in 30 years, and the British economy is “falling off a cliff.” He says the European situation is “differentiated,” that “it’s a little bit different from what’s going on in North America, especially in the United States.” In Europe, he explains, “it is more an indirect knock-on effect of the United States financial meltdown.” He says the question now is whether the European Union is going to try and decouple its dependency on the US dollar and begin to form regional currency blocks like many nations around the world are starting to do. BioF William Engdahl is an economist and author and the writer of the best selling book "A Century of War: Anglo-American Oil Politics and the New World Order." Mr Engdhahl has written on issues of energy, politics and economics for more than 30 years, beginning with the first oil shock in the early 1970s. Mr. Engdahl contributes regularly to a number of publications including Asia Times Online, Asia, Inc, Japan's Nihon Keizai Shimbun, Foresight magazine; Freitag and ZeitFragen newspapers in Germany and Switzerland respectively. He is based in Germany. Part two on Sunday Comments from Registered Members | (Register or log in to make your comment.) | TruthAlert 2009-02-13
Get out of the dollar. An insider recently confirmed to me the amero is on deck...
http://truthalert.net/Get%20Out%20of%20the%20Dollar.htm | DJ2008 2009-02-07
EXCELLENT report from Engdahl, and concurred with the guest suggestions below. I would include economist Michael Hudson, as well as HENRY C. K. LIU of the Asia Times Online as future targeted guest commentators on RNN, as they both rip the Milton Fr(awd)man-ite covers off of modern economic understanding. | wildpett 2009-02-06
Great interview. Next, do a report on central banking, money as debt, the manipulation of the gold and silver markets and how the US dollar is used to suck wealth out of the world. Engdahl is definitely one of the guys I pay attention to, others are Catherine Austin Fitts as someone else mentioned here, and Peter Schiff. Max Keiser or anyone affiliated with GATA. I am buying silver and hunkering down. | gwyllyn 2009-02-06
Zeitgeist lays is out. Once a person understands the origins of fiat currency, debt slavery, and the necessity of creating scarcity as a means to control a market (i.e. a herd of people), it becomes crystal clear what the ruling elite's true agenda is and what role the "economic crisis" will play. March 15 is international Z-Day and I also highly recommend that viewers google video Zeitgeist and Zeitgeist Addendum. | gegenwarst 2009-02-06
Now it makes total sense why Canada, Mexico and the United States will finally integrate their economic, political and social structures to create a new common region called the North American Union. That's the only way this regional block can remain competitive; by the way, the opinion of the brute and ignorant American populace doesn't count since these savages are now more concerned on how to pay their debts rather than focusing on the irreversible changes coming ahead. | Unikorn 2009-02-06
Mr. Engdahl certainly presents an informative view of an economic perspective from outside of the U.S. looking in; as does Naomi Klein from hers. Caterine Austin Fitts provides another view, and many similar conclusions, from inside the U.S. economic wasteland in a recent article "Economic Coup d'Etat". She would make for an excellent interview on Real News. I am forwarding this program to her, as my next task.
Thank you all for what you do! | ANZAC68 2009-02-06
Canada, USA and Mexico will be forced into accepting a new combined currency soon. The AMERO will be the next step (FTA's another example)in dissolving the USA constitution. Why will the Americans accept it? Because your dollar will be worthless soon and you will be offered nothing better. Goggle AMERO and brace yourself. My advice, buy Gold ASAP to hedge against your currencies dissolving. |
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