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Two years recession, or ten years of hell?
F William Engdahl: US economy has been hollowed out over the last 15 years and debt load is staggering
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.
http://therealnews.com/t/index.php?o...4&jumival=3260
Two years recession, or ten years of hell? Pt.2
F. William Engdahl: We are heading for a time of great social movements like the 1930's
Two years recession, or ten years of hell? Pt.3
Engdahl: The danger is the US may turn to military might as their financial power weakens
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F William Engdahl: US economy has been hollowed out over the last 15 years and debt load is staggering
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.
http://therealnews.com/t/index.php?o...4&jumival=3260
Two years recession, or ten years of hell? Pt.2
F. William Engdahl: We are heading for a time of great social movements like the 1930's
Two years recession, or ten years of hell? Pt.3
Engdahl: The danger is the US may turn to military might as their financial power weakens
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