Yankees Go Home

video_wallstreet.jpg
L'avidità funziona - "Wall Street", 1987


Everyone is worried about what will happen. The banks no longer trust the banks. They don’t lend money to each other any more. The poison introduced into the world financial system by the toxic made-in-USA products is producing its effects.
No one in the world can say how much is the quantity of the American poison and where it can be found. The SEC, the FED, the Bush government, the Secretary of the Treasury, Paulson where have they been in the last few years? While their nation was the bastion of liberty, it was exporting cannons and CDO and subprimes, and financial products based on unrecoverable debts. They knew, these bastards that they were unrecoverable.
Shit introduced into funds and derivatives that will produce tens of millions of unemployed, of homeless, of desperate savers. The American public debt is the highest on the planet, the United States consumes a third of the resources of the Earth, but there are only 300 million of them out of 6.7 billion. To stay on their feet they have to control the world economy with finance and with weapons. The United States spends 500 billion dollars EVERY YEAR for weapons, for the hundreds of military bases spread out over the world, from Japan to Cuba to Vicenza. The second nation for military spending is Great Britain with 59 billion dollars, almost a tenth, and Putin’s Russia follows with 35.

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Plan B 3.0, Lester Brown

The world is paying for the value of the dollar, the 500 billion dollars for weapons. The United States faced with this financial disaster should do like the defeated Nazi Germany obliged to pay the debts of war and to pay a PEACE dividend to the nations that it brought to their knees.
Between Saddam and Bush, who has done more damage? More dead? The former was executed by the latter who meanwhile also executed the world economy. By whom was Bush elected? By American finance, by the National Rifle Association, the organisation that promotes the arms industry, by the oil barons. In 1989 the Berlin Wall fell, in October 2008, the Wall Street Wall fell together with the delirium of globalization governed by those who gained from it The USSR no longer exists. The United States, for now still exists and they are explaining to us the economy, finance and freedom. They are dealing with protecting us, they make our banks collapse, our Stock Exchanges. Yankees Go Home , with your arms, your atomic weapons, your creative finance.
I don’t believe that the banks will go bust, but this is not the real danger. In a few months, the collapse of finance will be transferred to the real economy, to production. In the spring no one will be thinking about shares or bank accounts but of jobs, and of getting to the end of the month.

Posted by Beppe Grillo at 09:18 PM in | Comments (23)
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I just found this documentary which might be interesting to watch.
I'm not happy with some of the quotes that are not referenced but a lot of the informations given help to understand where all this situation has its roots.

http://video.google.com/videoplay?docid=-4789187645983416294&hl=en

Posted by: Silvio Palladino | October 20, 2008 07:57 PM


kerry cunningham | October 16, 2008 04:38 AM

Do you also believe in the tooth fairy and Father Xmas?
You've swallowed the propaganda; hook, line and sinker.
Do your sums as to where the private aid actually ends up and have a good look at how commercial, political and religious involvement in so many countries has resulted in the disempowerment of the local organisations and the increase in benefit to the supposed 'benefactors'.
Wherever 'world powers' have interfered in an "developing" country the end result has been the same: Total dependency on external assistance.
Great Britain, France, Germany, Italy, Spain, Portugal, Belgium, Holland as well as the USofA have all followed similar paths that have lead to the disenfranchisement of the countries that they have robbed and pillaged in one way or another.

Posted by: Rolly Wheeler | October 18, 2008 06:00 AM


I agree that the military spending is an atrocity especially when the U.S. budget for social security and other programs are going to be cut due to lack of funding. However, I find it interesting that Beppe looks to blame the United States for all of the world's financial woes. Boohoo, what he doesn't mention is the billions of dollars the U.S. has dumped into developing countries. As the debt burden of developing countries increased, the United States as a creditor nation forgave significant amounts of offical credit and debts. Direct investment abroad totaled $9.8 billion and rocketed to $150.8 billion within the last 8 years. Many ODA loans used primarily as food aid credits, fell under loan forgivness for many developing nations.Debt forgivness is a phrase for shifting the total burden of default debts off onto the American people with not much help from the rest of the world. Each year the U.S. spends $12 billion abroad in foreign aid. In addition $50 billion goes to Mexico and... the U.S. backed a world bank loan of $265 million to Hanoi.
Americans privately give at least $34 billion overseas-more than twice the U.S. offical aid of $15 billion.
I am sick of our nation constantly being criticzed for all of the world problems, when in reality if it wasn't for the generous people of the U.S. most of the world's standard of living would be much to be desired.

Posted by: kerry cunningham | October 16, 2008 04:38 AM


How come Israel doesn't figure on that top miliary spenders list?

Posted by: Kirsten Elmes | October 15, 2008 09:36 PM


How come Israel doesn't figure on that top miliary spenders list?

Posted by: Kirsten Elmes | October 15, 2008 09:35 PM


Uhm, as I keep saying, when it comes to America Beppe Grillo loses it....

Just a simple answer: between Bush and Saddam, the one who made more damage is Saddam. There are cases that you MUST take a position. With 50% odds, it shouldn't be that hard.

Posted by: Alessandro Casadei | October 14, 2008 04:09 AM


To blame this crisis solely on the US is simply ignorance. European bankers, unable to make decent returns in Europe, looked to America and got greedy without doing their due diligence. And the oversight of these actions by European regulators was clearly lax. And the collapse of the housing/construction industries in Ireland and Spain, for example, have nothing to do with the US but solely to do with irrational actions by people in those countries.

Beppe is usually spot on, but on this he is simply reverting to old Anti-US gibberish.

Posted by: David Stone | October 10, 2008 09:51 PM


Re. "Posted by: Darryl Capparelli | October 9, 2008 05:56 PM"
Bloody typical U.S. jingoism and a fine case of "Bullshit Baffles Brains".
Nice try, Darryl, but you are no more credible than the phantasm of a "Global Free Market" which corrupt business interests, political expediency and military manipulation in the U.S. had created.
As always, it's a case of "Be reasonable - Do things my way."
I'm a relatively impartial observer of 'Affairs of State' and have been for several decades. If you honestly believe in the mythical "American Way" then you are either extremely foolish, grossly misinformed and/or naïve in the extreme.
The behaviour of U.S. American financial markets, large corporations, political and judicial entities, religious establishments, and pressure groups such as the gun lobby can, at best, only be described as cannibalistic: They feed off the people that they claim to be serving.
The U.S.of A. is not alone in this by any stretch of the imagination, but it is well up among the the exponents of the art of "Bunkum".

Posted by: Rolly Wheeler | October 10, 2008 02:17 AM


What a cry baby. It’s so easy to blame the USA for all your problems. I am just an average American and I was not stupid enough to buy those junk mortgages. It was greed that led the brilliant European Bankers to buy that junk. It is so easy to blame others for your own stupidity. I am not letting our bankers off easy. I believe in survival of the fittest and think they should go down and not be bailed out.


“Yankees Go Home , with your arms, your atomic weapons, your creative finance.”
I am an isolationist at heart. I wish we would close all our bases and bring all our troops home. Let Europe and the rest of the world pay for their defense and not sponge off of us. I am tired of paying for your defense. If it was not for us you would be speaking German or Russian today. Most likely you will be praying in mosques in the future.

So you don’t like our atomic weapons. How about this, we destroy our atomic weapons.
We build an antimissile defense around our country and leave you to deal with Russian, Chinese and soon to be Iranian and North Korean atomic weapons.

Posted by: Darryl Capparelli | October 9, 2008 05:56 PM


Please visit this documentary and it will answer many questions...

THE CENTURY OF THE SELF
(... on Edward Bernays and co.)

How politicians and business learned to create and manipulate mass-consumer society...

Episodes: One | Happiness Machines...

http://informationclearinghouse.info/article12642.htm


other links:
http://en.wikipedia.org/wiki/The_Century_of_the_Self


A bright day!

ps thank you vincent...

Posted by: silvia intravaia | October 9, 2008 10:31 AM


I'm confused and disappointed that my comments seem to be unwelcome.
Care to tell me why?

Posted by: Rolly Wheeler | October 9, 2008 10:21 AM


That last Ursula Franklin quote posted by Giovanni Dekaro is a real eye-opener. Wow.

Posted by: Henry Bowman | October 9, 2008 12:07 AM


That last Ursula Franklin quote posted by Giovanni Dekaro is a real eye-opener. Wow.

Posted by: Henry Bowman | October 9, 2008 12:04 AM


beppe è ora di occuparsi un pò anche del problema droga, che ne dici?

Posted by: Luca Amato | October 8, 2008 02:44 PM



Yes the US MILITARY BUDGET is very impressive indeed, but maybe this is due because something bad occured in NEW YORK on 09/11/01 and it's not an accident that after 09/11 there's been an upswing in the US MILITARY EXPENDITURE after several years of cuts on the Military Budget following the fall of the BERLIN WALL and the end of the COLD WAR!!!

So STOP THE CRAP please!!

By the way: were you blind drunk when you wrote this (bullshit) POST?

YOU SAID:

“They are dealing with protecting us, they make our banks collapse, our Stock Exchanges.


BUT ONE ROW UNDERNEATH YOU WROTE EXACTLY THE OPPOSITE:

I don’t believe that the banks will go bust.... ”


SO PLEASE MAKE UP YOUR (CONFUSED) MIND ONCE AND FOR ALL and answer this simple QUESTION: WILL OUR BANKS GO BUST OR NOT?

WHAT'S UP WITH YOU BEPPE??

ARE YOU ALRIGHT??

Posted by: g i o va nni V e s t r i | October 8, 2008 01:03 PM


Sono un'italoamericana che ha passato piu' di dieci anni della mia vita in Italia. Sono un'insegnante e un'attivista pro-pace e giustizia sociale. Abbiamo lottato durante questi anni contro un regime talmente arrogante, senza esito.
Chi vive dal "dollaro", muore dal "dollaro"...l'ho sempre detto. E purtroppo, si sta verificando. L'unica cosa che rimane (almeno per noi dello stesso parere) e' continuare a lottare contro la corruzione e per i valori intrinsici umani - come abbiam fatto per tutto questo tempo. Grazie del tuo forum, e richiedo che non condannate tutti...perche' tantissimi di noi siamo e siamo stati contro..

Posted by: Jacqueline Jill Rito | October 8, 2008 12:04 PM


The public has been brainwashed for years into believing that the stock market is God when it has little to do with the real economy. In times of crisis like today Governments should consider suspending markets temporarily until the hurricane passes so speculators cannot continue to create havoc with company share prices.
It is not capitalism that is at fault it is how it has evolved.
Capitalism is supposed to mean inovative entrepreneurs who raise capital and risk their own money in order to create a successful business.
Today Capitalism means boardroom executives of quoted corporations who risk other people's money
and regardless of their performance or the company's financial situation help themselves to huge amounts of shareholders funds

Posted by: peterfieldman | October 8, 2008 09:33 AM


The same S..t from another corner of the globe.
The actual finanace, situation is far from surprising, I do live in Australia where the banking system is far more regulated than in U.S.
The explosion of the housing prices of the last 7 years, due not only to low interests, and easy foreign debt, but even taxation system that encourage speculation over productive investment, hsa created a massive bubble probably bigger than the American in realtion to debt/income ratio, with the extra problem that at least in U.S. they did create work and housing, here speculators have been betting on existing housing stock.
The funny bit in all this story, is that there has been people warning of the trouble haead most notably former prime minister Paul Keating speach in 2003 at a conference in N.Z. http://australianpolitics.com/news/2003/07/03-07-28.shtml, but people here like everywere else like to listen only what thy feel comftable with not, the reality of things, when then the music stops there is no chair available and the fall on the bum will hurt, but hurts more when after the fall people might found the wallet empty, no one else to blame, nor the newspaper, TV or banks, they only played the music we did want to listen.
Other australian authors of interest on this topic are: James Cumes http://www.onlineopinion.com.au/author.asp?id=125 and: Professor Steve Keen http://www.debtdeflation.com/blogs/

Posted by: stefano amadori | October 8, 2008 06:00 AM


The same S..t from another corner of the globe.
The actual finanace, situation is far from surprising, I do live in Australia where the banking system is far more regulated than in U.S.
The explosion of the housing prices of the last 7 years, due not only to low interests, and easy foreign debt, but even taxation system that encourage speculation over productive investment, hsa created a massive bubble probably bigger than the American in realtion to debt/income ratio, with the extra problem that at least in U.S. they did create work and housing, here speculators have been betting on existing housing stock.
The funny bit in all this story, is that there has been people warning of the trouble haead most notably former prime minister Paul Keating speach in 2003 at a conference in N.Z. http://australianpolitics.com/news/2003/07/03-07-28.shtml, but people here like everywere else like to listen only what thy feel comftable with not, the reality of things, when then the music stops there is no chair available and the fall on the bum will hurt, but hurts more when after the fall people might found the wallet empty, no one else to blame, nor the newspaper, TV or banks, they only played the music we did want to listen.
Other australian authors of interest on this topic are: James Cumes http://www.onlineopinion.com.au/author.asp?id=125 and: Professor Steve Keen http://www.debtdeflation.com/blogs/

Posted by: stefano amadori | October 8, 2008 05:56 AM


Beppe, I hope you understand that the average American Joe Blow taxpayer had no hand in the financial meltdown and not only lost life savings but now have to pay for the evil deeds of the ruling class elites. Please don't put all Americans into the same group as their greedy corporate machine. Their hands are tied by post-9/11 legislation, a domestic surveilliance apparatus and a rogue element operating in the .government labyrinth. Please don't paint all Americans with the same brush of Greed that permeates the financial institutions in America. They have been taken over by a rogue element and they're setting Americans up for domestic unrest so they can use the Army they've deployed domestically to quell civil unrest as the American People are hopping MAD at what's been done to them.

Posted by: Henry Bowman | October 8, 2008 05:35 AM


g i o va nni V e s t r i |

Interesting rant, but well short on fact and rationality.
U.S.American commercial imperialism was well established before the second World War and their global military interventions, overt and covert, in full operation well before "9/11".
Perhaps Sig. Vestri suffers from the same lop-sided perspective as so many unfortunate folk whose only source of factual information is the mainstream news media who are so well controlled by the unholy trinity of politics, commerce and religion.
More reading, Sig. Vestri, on a wider and deeper scale, might modifiy your strident promotion of U.S.American propoganda.

Posted by: Rolly Wheeler | October 8, 2008 02:28 AM


BEPPE GRILLO GO HOME and SHAME ON YOU!!!


Yes the US MILITARY BUDGET is very impressive, but maybe because something bad occured in NEW YORK on 09/11/01 and it's not an accident that after 09/11 there's been an upswing in the US MILITARY EXPENDITURE after several years of cuts on the Military Budget following the fall of the BERLIN WALL and the end of the COLD WAR!!!


As for as the current financial mess is concerned the real shame is that the US TAXPAYERS are bearing the burden twice as consequence of initial FAILURES of the MARKET REGULATORS and FED POLICY which have nothing to do with the CAPITALISM and the FREE MARKET as a whole, as many Communists here have instead said.In fact,besides those who have lost their homes to foreclosure because they were in the SUBPRIME LOANS,there are other people who have lost lots of money because of the decline in their home value following the foreclosures next door.

So who's to blame?The private sector or the public one??And what has really caused the current SLUMP?

Thus,in my humble view,it's not just a matter of ETHIC but of FREE MARKET RULES which have been repeatedly violated by GOVERNMENT & RATING AGENCIES such as the basic rule that CONSUMPTION should be never higher than AGGREGATE INCOME.

After all WALL STREETS NEEDS MAIN STREETS,doesn't it?

Hope that US MARKET REGULATORS have finally learned the lesson!

But remember: the CAPITALISM is the worst system except for all the others!!!

So please bear it in mind and forget the other idiotic and disastrous ideologies related to the MARXIST THEORY, which have been taught you in high school or at University by idealist or ideologized Italian teachers, as they have been always unsuccessful wherever somebody tried to put them into practice.

Having said that we cannot ignore the fact that the recent eruption of Chinese and Indian economies has completely changed the world economic picture,affecting the international trade rules and the OIL PRICE as well,but the problem is that this new world does not seem to have neither a real nor a financial long term equilibrium,not to mention that around 25% of US foreign deficit and debt is nowadays financed by CHINESE PUBLIC BANKS.

For this reason I strongly believe that the major cause of the current WORLD DISEQUILIBRIUM is not only due to the senseless US or WALL STREET POLICY but also to the excessive growth of CHINA,who suddenly entered into the WORLD TRADE SYSTEM without relying on the same world financial institutions running into a CAPITALIST SYSTEM (a national STOCK EXCHANGE for instance) with the consequence that its currency (YUAN) is too much devalued with the DOLLAR and EURO because its real value is not determined by MARKETS, unlike the other international currencies.

This made Chinese products to much competitive and cheaper in comparison with the other one creating a LONG-RUN DISEQUILIBRIUM around the world which cannot be managed by an old governance such as the current one.

So the big challenge the DEVELOPED COUNTRIES must face over the next few years will be to find a new world governance in international institution capable of making the current GLOBALIZATION PROCESS a positive opportunity for a high, balanced and profitable economical and financial growth for everybody in the world.

Posted by: g i o va nni V e s t r i | October 8, 2008 01:46 AM


"I picture the reality in which we live in terms of military occupation. We are occupied the way the French and Norwegians were occupied by the Nazis during World War II, but this time by an army of marketeers. We have, as the occupied nations of Europe had, puppet governments who run the country for the benefit of the occupier. We have, as they did, collaborators.

We, like the French and Norwegians at the time, have to protect our families and so are forced on occasion to work with the occupiers to survive. Like the citizens of Nazi-occupied Europe, however, we must also develop strategies for building a resistance movement. We have to reclaim our country from those who occupy it on behalf of their global masters, who have only contempt for those whose territory they now rule."

Ursula Franklin

Posted by: Giovanni Dekaro | October 8, 2008 12:23 AM


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