A Watson Institute video on the global trend toward Austerity budgets featuring Mark Blyth. Directed by Joe Posner Produced by Brown University's Watson Institute for International Studies (watsoninstitute.org) in association with the Global Conversation (globalconversation.org) and Global Media Project (globalmediaproject.net). Mark Blyth is a professor of International Political Economy at Brown University and faculty fellow at its Watson Institute for International Studies. He is writing "Austerity: The History of a Dangerous Idea," forthcoming from Oxford University Press in 2011.

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TRANSCRIPT AND SOURCES: ur1.ca ..."Austerity" is one of those Orwellian terms that has been injected into our political discourse precisely because it is a nice-sounding word for a very painful reality. "Austerity" implies discipline, self-restraint, even nobility. "Austerity" is prudent. "Austerity" is modest. "Austerity" is a virtue. It is an end in itself. If the IMF or the European Central Bank come to the people of a collapsing European nation and tell them to sacrifice their pensions and their savings and their very standard of living all for a debt that their government has fraudulently racked up in their name, no one would go for it, and rightly so. But tell those same people that they need to implement "austerity measures" in order to "get back on their feet" economically, and many will be willing to live in the harshest of conditions, content to put up with the dismantling of their nation itself in the vain hope that by giving more power to the international financial institutions they can somehow avoid economic collapse...

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Richard Wolff reports on his recent trip to Europe and the mass movements against austerity policies

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The 2009 stimulus plan was supposed to get the US economy back on track, however almost one year after Congress passed the Recovery Act the US is still struggling to get its finances back on track. While Wall Street is back to normal, everyday Americans are seeing high numbers of unemployment and home foreclosures. As the stimulus fails, could the US see European style austerity measures?

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In Athens angry protestors have been clashing with police, who have fired tear gas at them. Thousands have been gathering outside the Greek Parliament, furious at the level of spending cuts. A 24-hour public sector strike brought the country to a halt. Greek airports were closed, and hospitals are relying on emergency staff.

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Airlines cancelled flights, picketers blocked trucks from delivering produce and police clashed with protesters as Spanish workers staged a general strike on Wednesday to protest against austerity measures imposed by a government struggling to slash its budget deficit and overcome recession.

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Italy's much-disputed 54-billion-Euro austerity package to slash the country's crippling debt will go through a final debate at the lower house of Parliament on Monday. It would increase taxes and cut government spending to balance the budget by 2013. But constant changes to the plan and squabbling between lawmakers has damaged people's faith in it. And as Ivor Bennett reports, there's a town that's decided it doesn't want to wait for the cuts. RT on Twitter: twitter.com RT on Facebook: www.facebook.com

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If you've been wondering how to bring the frigid sounds of icedemons to your Crate practice amp, wonder no more. www.austerityprogram.com

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The Stench of US Economic Decay: Russia and China Dump the US Dollar Dr. Paul Craig Roberts www.infowars.com www.prisonplanet.tv November 29, 2010 On Thanksgiving eve the English language China Daily and People's Daily Online reported that Russia and China have concluded an agreement to abandon the use of the US dollar in their bilateral trade and to use their own currencies in its place. The Russians and Chinese said that they had taken this step in order to insulate their economies from the risks that have undermined their confidence in the US dollar as a world reserve currency. As China has a large and growing supply of dollars from trade surpluses with which to conduct trade, China is signaling that she prefers Russian rubles and Brazilian reals to more US dollars. This is big news, especially for the news dead Thanksgiving holiday period, but I did not see it reported on Bloomberg, CNN, New York Times or anywhere in the US print or TV media. The ostrich's head remains in the sand. Previously, China concluded the same agreement with Brazil. As China has a large and growing supply of dollars from trade surpluses with which to conduct trade, China is signaling that she prefers Russian rubles and Brazilian reals to more US dollars. The American financial press finds solace in the episodes when sovereign debt scares in the EU send the dollar up against the euro and UK pound. But these currency movements are just measures of financial players shorting troubled EU <b>...</b>

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A short video about what's happening in Greece at the present and what has lead Greece to this state. Speaking in the clips are Max Keiser, Nigel Farage and Gerald Celente. The clips are from Russia Today, Aljazeera and EU parliament. Music by Corner Stone Cues - Requiem For A Tower Mvt II III IV.

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People in countries across Europe are protesting in anger at a swathe of cuts to jobs, wages and pensions. There's a general strike in Spain while tens of thousands are gathered in Brussels to voice their opposition to the austerity measures that have gripped the EU. RT talks to David Campbell Bannerman, a member of the European Parliament from the UK Independence Party.

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www.corbettreport.com Sunday Update is a public service of The Corbett Report podcast. Unedited footage of police car burning http Agents Provocateur at London G20 (photo op) ur1.ca Denver police dressed up as protestors to start riot at Denver DNC ur1.ca Quebec police dressed up as protestors to start riot at SPP protest ur1.ca Dan Dicks questions Toronto police about provocateuring at Toronto G20 ur1.ca Veitch bullhorning Toronto ur1.ca Toronto police illegally search and seize private property near G20 site ur1.ca Veitch arrested ur1.ca We Are Change reporters banned from Canada ur1.ca Bob Chapman on the G20 ur1.ca

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Tom Ferguson: 69% of Americans aren't wrong opposing more debt, there are other choices

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Police fire tear gas at hundreds of protesters in central Athens where thousands of striking state sector workers marched against cuts which the government says are needed to save the nation from bankruptcy.

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The G8 has been accused of failing to honour aid commitments made five years ago at its summit in Scotland. According to the Organisation for Economic Co-operation and Development, donor countries have only reached around 60 percent of their targets. Professor Michel Chossudovsky from the University of Ottawa says even this money fails to help those who need it most.

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Canadian government speech from the throne does not mention unemployment or climate change; gov plans to eliminate deficit by 2014 and move closer to US rules and regulations

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Alex hosts a power-packed 27 hour long money-bomb presentation today with guest, Webster Tarpley tarpley.net www.infowars.com www.prisonplanet.com

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www.euronews.net A day earlier than expected, Italy's Prime Minister has announced emergency austerity measures aimed at saving 20 billion euros. There will be a crackdown on tax evasion as well as higher taxes on assets owned by wealthy people. As part of cutting the cost of politics, Mario Monti said he would give up his salary as premiere. The measures agreed at an emergency cabinet meeting on Sunday still need to go before parliament for approval on Monday.

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Prime Minister Mario Monti's emergency package of measures designed to tackle Italy's dramatic economic crisis became a law on Thursday. Press TV's Max Civili reports from Rome.

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On Thursday afternoon the Greek parliament passed a package of strong anti-crisis measures in exchange for vast financial aid from EU countries.

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Spain has been gripped by a 24-hour general strike against the government's plans to slash its budget. Thousands of passengers were left stranded in Madrid with two thirds of flights grounded due the actions by transport workers. A wave of anti-austerity demonstrations is expected all over Europe with tens of thousands marching on Brussels.

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Alex hosts a power-packed 27 hour long money-bomb presentation today with guest, Webster Tarpley tarpley.net www.infowars.com www.prisonplanet.com

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Rob Johnson: Austerity policies in Europe threaten a deformation of democracy and the rise of ultra-nationalist forces

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Welcome back to NewWorldNextWeek.com - thevideo series from Corbett Report and Media Monarchy that covers some of the most important developments in alternative news and open source intelligence. This week Story #1: Over 20 Radioactive Hotspots Found in Tokyo ... All Due to Citizens' Measurements ur1.ca Video: Top Japanese Official on Tokyo Radiation 'Hot Spots' ur1.ca Related: Son of Stuxnet? Researchers Warn of Impending Cyber Attack ur1.ca Story #2: Supreme Court of Canada Rules Internet Links Not Libel ur1.ca Related: Supreme Court Ruling Big Victory for Internet Freedom ur1.ca Story #3: Citizens Swarm the Streets of Greece In a Whirl of Violence ur1.ca Update: Clashes as Greeks Strike Against New Austerity Cuts ur1.ca Update: Greek Protest Against Budget Cuts Turns Violent ur1.ca NWNW Flashback: Financial Collapse of Greece - Canary in the Coalmine for Global Economy? ur1.ca New World Next Week on Archive.org ur1.ca Subscribe to NewWorldNextWeek.com to get hi-quality episodes to download, burn and share. And as always, stay up-to-date by subscribing to the feeds from Corbett Report http and Media Monarchy ur1.ca Thank you. Previous Episode: Iranian Plot, Fast and Furious, Drone Virus ur1.ca

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As the eurozone crisis is creating an age of austerity, many Europeans who are already struggling to make ends meets, are looking to emigrate. Countries like Canada and Australia are again becoming top choices for people, where once Immigration to these countries was a common trend. Al Jazeera's Andrew Thomas reports from Melbourne.

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Please like me on Facebook: www.facebook.com Follow me on Twitter: twitter.com Visit me at royzimmerman.com Follow the thread of Austerity Beatles, and contribute at twitter.com

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The Greek Bank Debt crisis is precarious for the world's financial health. Are the Greek people 100% responsible for what has happened? No they are not. They are only about 95% responsible, which is no different than the Americans being responsible for what is happening in their own country. We need to stop blaming the boogieman greedy banks for everything. No one held a gun to your head to take out another credit card, or to buy a nicer house than you could afford. And in the same respect no one forced the Greek people to vote in politicians that give out entitlements without collecting the taxes to pay for them. Now it is time to pay the piper, in Greece as well as in America. The fairytale life is over; it's time to get back to work. There is no free lunch; we are the ones who in the end pay for everything. Get ready to live like your Grandparents used to live, which when you think about it, was not that bad. Work hard, save your money, and only buy what you really need. And to that I would add, first be grateful for what you have, and then you might get what you want. jbranstetter04

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Bailout in the Works? Obama Meets Unelected EU Bureaucrats Kurt Nimmo www.infowars.com www.prisonplanet.tv November 28, 2011 Obama met today with unelected bureaucrats of the European Union to discuss the eurozone debt crisis. European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso attended a meeting held at the White House. No European heads of state were in attendance, despite earlier conversations between Obama and German Chancellor Angela Merkel and French President Nicolas Sarkozy. Secretary of State Clinton and Treasury boss Timothy Geithner were present. Obama has said resolving the crisis will require "some tough decisions" in Europe, but he has not specified what the decisions might entail. "I am deeply concerned and I have been deeply concerned. I suspect I will be deeply concerned tomorrow and next week," Obama said when asked about his reaction to the crisis in the eurozone during a visit to Australia earlier this month. Analysts in the US predict the Federal Reserve will offer discounted rates to the Europeans in much the same way it did in the financial crisis of 2008. "This is because if EU countries are unable to maintain their current level of accounting for approximately 20% of United States exports, the weak economic recovery in the United States is threatened," states a InvestTechFX press release. www.infowars.com

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Press TV's Kaveh Taghvai is Joind by Max Keiser, Rodney Shakespeare and Rollin Amore on News Analysis program to discuss Austerity Anger in Europe (Part 1)

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Excerpt from Professor Noam Chomsky's UCL Rickman Godlee Lecture 2011 -- Contours of global order: Domination, stability, security in a changing world Further links: blogs.ucl.ac.uk

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Michael Spourdalakis on Greek protests and economy

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James Crotty: Objective of austerity campaign is a return to unregulated capitalism and weak unions

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Ex Mayor of london Ken Livingstone lays out the real reasons for the riots, unrest. Its now being reported that Government to convene COBRA meeting tomorrow. Curfews? Martial law?

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