patrick.net

It's funny I had seen parts of this video with Goldsmith earlier, but never watched the whole thing. I just did so.

It's STARTLING to me that at about 50 minutes he talks about derivative securities and the instability of the financial system. I believe this is the earliest I've seen anyone make reference to that particular market as a source of very real danger.

Goldsmith: I think that there's an INCREDIBLE amount of danger in things like the derivatives. I think that we are moving towards the outer limits of acceptable risk-taking. The figures that I've seen, I think the world GNP is in the range of 30 trillion, and I believe the figures I've seen are the derivates outstanding every night, which are very speculative from banking and financial institutions, is about equal. EVERY night, about equal to the annual turnover of the world. So we've gone very far...... I think our financial system is DANGEROUS and COULD create problems for the real economy.

4X says

…I really thought this guy was going to come in and make a difference. So far I feel let down and as if we are focusing on the wrong things (Healthcare, Tax Credits, etc.) until he gets a action plan together.

Surprise! Bush and Cheney are writing his teleprompter text. You do know that Obama and Cheney are cousins right?

Bankstere Originale says

4X says

…I really thought this guy was going to come in and make a difference. So far I feel let down and as if we are focusing on the wrong things (Healthcare, Tax Credits, etc.) until he gets a action plan together.

Surprise! Bush and Cheney are writing his teleprompter text. You do know that Obama and Cheney are cousins right?

yes, this site has helped me to realize that their is not true difference between Democrats and Republicans....which is why I want to bring back the principles of the bull-moose party.

Check out the following address to Senate from James Goldsmith:

http://www.youtube.com/watch?v=maouTP8vTO0

Dejavu!

Obama's campaign promise was explicit: "NAFTA's shortcomings were evident when signed and we must now amend the agreement to fix them." The president-elect called for enforceable labor and environmental standards in the text, an end to the ability of corporations to sue governments, and emphasizing the needs of "Main Street" over "Wall Street."

But now some Obama-watchers claim he's waffling on his trade commitments.

Even as the Bush administration frantically - and incredibly - insisted that free trade isn't the problem but the solution, most other countries are taking a second look at the model. As the crisis sets in, Europe wants more regulation and developing countries want more policy space. And Americans want more protection from the disaster that's currently befalling them.

DEY TUK OUR JERBS!!!!!!!

http://www.youtube.com/watch?v=brj2UkUPjCI

4X says

Even as the Bush administration frantically - and incredibly - insisted that free trade isn’t the problem but the solution, most other countries are taking a second look at the model. As the crisis sets in, Europe wants more regulation and developing countries want more policy space. And Americans want more protection from the disaster that’s currently befalling them.

get out of your liberal programming. break it! smash it to pieces! you were lied to in college! they taught you DEATH. Obama is just as bad, maybe worse than Bush. There's nothing wrong with demanding a job and a role in your own nation! They want to divest you of all political power.

Bankstere Originale says

4X says

Even as the Bush administration frantically - and incredibly - insisted that free trade isn’t the problem but the solution, most other countries are taking a second look at the model. As the crisis sets in, Europe wants more regulation and developing countries want more policy space. And Americans want more protection from the disaster that’s currently befalling them.

get out of your liberal programming. break it! smash it to pieces! you were lied to in college! they taught you DEATH. Obama is just as bad, maybe worse than Bush. There’s nothing wrong with demanding a job and a role in your own nation! They want to divest you of all political power.

This has nothing to do with liberal programming, I am stating the facts about what got us to this point. Clinton kicked it off in 1994, Bush continued the stupidity and now Obama is still deciding.

During the Democratic primaries and caucuses, when Obama and Hillary Clinton were competing in the Rust Belt states, Obama began attacking NAFTA. He stated that he would re-negotiate the treaty and even abrogate it if his demands were not met. He declared in Cleveland: "I think we should use the hammer of a potential opt-out as leverage to ensure that we actually get labor and environmental standards that are enforced." Mr. Obama's statements were well-received in the Midwest where many workers blame NAFTA for the loss of jobs in the auto, manufacturing and textile industries. I plan to wait and see what legislation and policies he will support before downtalking his strategy to thwart job losses. Up to this point, we have not seen much effort placed into NAFTA, WTO, etc.

Remember, it was Clintons flunky who was defending free trade even when sir James Goldsmith explained that free trade agreements need to be setup with like economies where payscales are similar.