Charlie Rose

blue70531  11/19/2011 11:34 PM Report

Robert Reich, in a recent speech, said US banks have 2.7 trillion in European banks...with a T. If this is true, and who can believe Robert Reich?, the Republicans will never let their masters lose that kind of money. They will create a new Marshall plan and possibly use Chinese money.

margaridila  10/10/2011 03:00 AM Report

I find it deeply disrespectful and xenophobic to claim that Southern europeans want to retire at the age of 35. I am Portuguese and come from a very large family and have worked my entire life and will. It's like saying Mr Ian Bremmer founded GPRI with Citigroup therefore he is a venture-corrupted-capitalist who makes millions and talks politics for the sake of? His own interest?

JohnGelles  09/20/2011 04:48 AM Report

http://ustaxreform.us/a-crs.htm

Link above re-lists many links to Charlie Rose recent shows where interviews tried to reach the cause and cure for the current deflation.

JohnGelles  09/20/2011 04:36 AM Report

Europe and America must pull up our socks, forget austerity, rescue ourselves with full employment budgets, and otherwise follow Keynes to add the supply and demand that only money can buy.

Whose money? Not China's goods and Russia's oil.

The money we need is created by global genius, especially our own, and full employment to match supply with monetized demand.

Germany is not key to this success. America is. If the President does not see this soon, he will be retired.

The collector of taxes in chief is not what the nation elects every four years. It is, rather,the builder in chief of economic democracy as evidenced by our standard of living and standard of sharing our good fortune with all our people and all our peace-loving neighbors.

As usual, Ben Ezraa appreciates our need for peace and democracy in Europe and rest of the planet.

REMant does not appreciate purposeful central banking. He believes money has brains enough to know where and when it's wanted to serve the people whose hard work makes it sound. If that were true, dollar bills would have brains the size of his own. They don't.

And his is wasted on trivial fact that is missing all respect for empirical paths to the results we all want in our unselfish moments.

hari  09/17/2011 04:22 PM Report

What's missing in this brief discussion is a clear European political perspective - Ian tried to do it, but not very convincingly, I think.

The real political problem, for Merkel, is that neither she nor Sarkosy can dictate ECB decision-making on the present crisis. ECB is constitutionally independent of EU-17 sovereign states, and enjoys overwhelming support of its executive board (which includes German CB and CB's).

The German CB is the one dragging the fiscal problem, since the Greece bailout became inevitable in 2010. The current boss of GCB was then economic advisor to Merkel in her chancellory and refused to support Greece bailout and prolonged the markets to go wild...until better judgement inside Brussels returned Merkel to sanity!

Meanwhile Weber resigned as GCB and Merkel appointed Weidmann, who originally didn't subscribe to bailout of Grrece. Also Stark, from GCB, who was chief economist spokesman of ECB, resigned a few dys ago because of ECB decision to buy Italian and Spanish national bonds....

Now, it's evident today that Merkel's coalition is going to fall because FDP doesn't subscribe to her bailout policy any more. Not does the Bavarian (CSU) Party go along with her on transfering fiscal power to Brussels Commission.

Which means either on a vote of confidence in Bundestag she is defeated on policy principles of making EU into a socalled fiscal transfer union.

And if that transpires there will be new elections in which SPD and Greens will win and form the next government.

SharkswithfrikingLazers  09/16/2011 05:46 PM Report

Greece?

How many times have they defaulted--even before the EuroZone? Why do the addicts (debt in this case) bring down my hard work and savings?

Who will lead the intervention?

SharkswithfrikingLazers  09/16/2011 05:43 PM Report

Aren't these the sirens who ended the financial world last month on the program?

Glad they made it to the other side.

charlizecourriers  09/16/2011 03:26 PM Report

There's only one bank, now, in this brave, new, one world.

BENEZRAA  09/16/2011 03:17 PM Report

KUDOS TO ALL, ESPECIALLY TO GILLIAN TETT'S CLARION CALL FOR A EUROPEAN UNION RESOURCED "MARSHALL PLAN"

It may be that Russia is the key to a successful future for Europe. Russia has many resources including oil. Russian oil may enable Europe to avoid kowtowing to the Chinese for financial resources. Russian oil may break the spine of Arab and Persian leverage over Europe.

How would Europe then avoid subjugating itself to Russia? Russia has far more to gain from Europe without tyrannizing Europe, and if Russia were to be brought into NATO and be subjected to NATO discipline, the combined and coordinated strength of Europe, Russia, and the USA could establish a positive meaning to the phrase "New World Order" (NWO) that President George Herbert Walker Bush spoke out loud.

Gillian Tett spoke eloquently of a "pivotal moment" in which the European Union would either break apart or succeed into the future. Could a more formalized NWO under the aegis of NATO, as described above, be that successful future?

Short term, the squabbles in Europe call to mind the early days of American Government under the Articles of Confederation. However. the European squabbles are dramatically exacerbated by a multiplicity of languages, cultures, and governments. Joining Russia to NATO could conceivably pressure mutual respect and cooperation within the European Union in order that Europe may avoid being overwhelmed by Russia, and in order that neither Russia nor China may proceed to divide and conquer Europe financially and with trade, where division in Europe may be enabled by historical, self-serving European nations.

So I pitch these speculations to greater minds than my own; and I wonder, "Are my own thoughts even in the ballpark?"

REMant  09/16/2011 12:24 PM Report

I think this fairly well summed up the situation, and am happy that no one brought up Lagarde's Keynesian idiocy, which tho may have been made afterwards. I swear these ppl think Lehman did not deserve to go under. The Fed's action to keep "lending from freezing up," merely a euphemism for the Keynesian Ponzi scheme unraveling and a bailout required to "insure" it, was done in 2008 without telling anyone. I wonder if Americans are anymore happy about bailing out Europe now than then. The only thing that CAN be said about it is that a large part of the problem there is caused by speculators fleeing Euros for the dollar, which we keep printing to accommodate them, so in that sense is fair, but then it is a bailout of mainly American banks who've invested overseas to arbitrage the exchange rate.