Heiner Flassbeck on the US Budget Conflict (tags)
The current ceiling of $16.7 trillion will be reached on October 17. If the political camps cannot agree on a new upper limit, the largest economy of the world will be insolvent – with possibly disastrous consequences for the world economy. This October 2013 interview is translated from German
Video: Jon Stewart tries to end government shutdown (tags)
"Private banks create money out of nothing and lend it to us...Money is gambled on financial markets...Money supply doubled in seven years 2000-2007 in the UK...Bailing out banks perpetuates a system that will never work..Money should only be used for productive purposes."