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Paul Craig Roberts Transcript; Part 1-- The Biggest Economic Disaster in History, Globalism, the Undoings of the West

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The banks any longer finance plant equipment and industries.  It's "Debt Peonage," that's what Michael Hudson calls it, Debt Peonage, where increasing shares of national income are drawn off into the banks in interest and fees, all that sort of thing.  And so there's no -- even if consumers had growing incomes with an increasing share drawn off into interest payments, that leaves very little for increased demand for goods and services.  You kill it, you kill the economy by financializing it.  And that's what's really happened.

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Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded Opednews.com-- which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization Project. 

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Over 200 podcasts are archived for downloading here, or can be accessed from iTunes. Rob is also (more...)
 

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  Now I think that the move to New Age C... by Theresa Paulfranz on Saturday, Mar 30, 2013 at 2:39:30 PM
Good work Rob.  Most important thing I've see... by Joe Giambrone on Saturday, Mar 30, 2013 at 3:22:39 PM
1,000 bankers chained together at the bottom of th... by intotheabyss on Saturday, Mar 30, 2013 at 4:01:44 PM
It's time for a Hemp Revolution! Food, fuel, shel... by Garry Minor on Saturday, Mar 30, 2013 at 4:45:30 PM
These are all excellent points, clearly made. But,... by Simon Leigh on Saturday, Mar 30, 2013 at 5:41:00 PM
If truth, media and awareness is out the win... by Michael Daly, artist on Saturday, Mar 30, 2013 at 6:34:44 PM
107-109 Congresses gave Bush Jr corporate tax br... by Lance Ciepiela on Sunday, Mar 31, 2013 at 6:45:15 AM
Lance, you seem to miss the inequality in wages th... by Toby Seiler on Sunday, Mar 31, 2013 at 9:20:20 AM
Mitt Romney a would be chief of outsourcing invest... by Lance Ciepiela on Sunday, Mar 31, 2013 at 8:35:04 PM
While power does not really want solutions, I beli... by Toby Seiler on Sunday, Mar 31, 2013 at 9:05:07 AM
used to help solve the off-shoring of American job... by Mark Adams JD/MBA on Sunday, Mar 31, 2013 at 12:45:41 PM
"Globalization" is the polite PR term to av... by Alan MacDonald on Sunday, Mar 31, 2013 at 9:20:11 AM
Read the "Protocols of the Elders of Zi-on", not f... by Toby Seiler on Sunday, Mar 31, 2013 at 9:30:54 AM
Toby, the DGE (Disguised Global Empire) is not in ... by Alan MacDonald on Sunday, Mar 31, 2013 at 9:55:26 AM
Can you explain in more detail why you are recomme... by Rob Kall on Sunday, Mar 31, 2013 at 11:18:57 AM
I agree. there are other ways to examine sentiment... by Susan Lee Schwartz on Sunday, Mar 31, 2013 at 12:36:42 PM
It plays into the interviewee's bipartisan act, li... by Eric Zuesse on Sunday, Mar 31, 2013 at 11:23:13 AM
Since the 1980s when Paul Craig Roberts was in the... by E. J. N. on Sunday, Mar 31, 2013 at 3:30:23 PM
What the hell else would you want from a a man who... by Michael Dewey on Sunday, Mar 31, 2013 at 5:21:58 PM
Alan MacDonald shows the core problem. Teresa Paul... by Michael Daly, artist on Sunday, Mar 31, 2013 at 4:49:20 PM