Bankers + Tax Havens = Lower wages, benefits and pensions

This video clip of the ‘looting of America’ exposes the same type of looting that is occurring in the UK.  In fact, it is generally accepted that the City of London is an even more criminogenic environment than Wall Street.  Banks that are too big to fail and bankers that are too big to jail.

In spite of being only 12 minutes long, it romps through the major ruses with an impressive list of commentators which include New Economic Perspective‘s Professor Bill Black and Professor Stephanie Kelton; Naked Capitalism‘s Yves Smith, James Henry, author of ‘The price of OffShore Revisited’ and Citicorps’ 2005 plutonomy document on the inconvenience of the franchise.

There is even a clip of Goldmans Sach’s Lloyd Blankfein explaining that the 99% of Americans have to lower their expectations of wages, benefits, pensions and sell off the remaining public assets.  We don’t need the chief vampire squid.  We have George Osborne turning the UK into a third world country.

The Truthseeker: Looting Of America (E12)

Published on Apr 5, 2013

The man who jailed a thousand bankers tells us how to do it; Twice the size of the US economy exposed offshore; and Wall Street circles the nation’s last assets. Seek truth from facts with former senior financial regulator Bill Black, The Price of Offshore Revisited author James Henry, former Wall Street executive Richard Eskow, Econned author Yves Smith, economists Stephanie Kelton and Dean Baker, and chief vampire squid Lloyd Blankfein.

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