Thursday, February 12, 2009

2 years of recession or 10 years of hell?

The state of the global economy and the future it faces is perplexing and overwhelming. William Engdahl presents a lucid and understandable overview of the dynamics of this disaster. Excellent video interview in 4 segments.

F William Engdahl says getting to a real solution to the crisis will take mass action by millions of people in the streets demanding nationalization of the banks, cuts in military spending,a rise in the standard of living of the middle 60% of the population, and rebuilding the infrastructure of the country.

F 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.

For the next 3 segments of this brilliant interview go here
  • F. William Engdahl: The danger is the US may turn to military might as their financial power weakens.
  • F. William Engdahl: We are heading for a time of great social movements like the 1930's - England, Sweden and bank nationalisation.
  • F William Engdahl: US economy has been hollowed out over the last 15 years and debt load is staggering- the European picture and global currency.
More F. William Engdahl articles.

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