tv [untitled] October 26, 2011 5:00pm-5:30pm EDT
it's an oakland raider lists this as police in riot gear blindside peaceful protests there is the first free gas and sun so it brutality becoming the norm in cities across the country is this a symbol that the leaves have had enough with the growing occupy wall street movement and is this a sign that america has had enough. but it's not just the u.s. struggling economically the greek tragedy also plays are so greek and the fault so well america's pillars be the next to crumble and can obama prevent a lapse with an executive order. where i tell you that these are. very rich just like saddam hussein's court a little hole to mark a doctor he was a bad guy well you know what they say of a believe they had leads and that was the case with the dolphins death the mainstream media welcomed the news with open arms and celebrations but what about
the scary precedent his death sets for neda. it's wednesday october twenty sixth five pm in washington d.c. i'm liz wall and you're watching our t.v. . well occupy wall street protests turned violent in california where police resorts using force pepper spray and tear gas to subdue the mobs of demonstrators dozens were arrested last night in the city of. birth and dozens were arrested last night in the city of oakland as police respond to orders to crack down on demonstrations the movement which has spread across the nation and the globe continues to ask the late after over a month after its spark so that six show that much of the america agrees with the movement's not said they're rallying against corporate greed and a system they say for. here's the top one percent on the glass in the interest of
the middle class and everyone else a new poll shows that forty three percent of americans agree with the views of occupy wall street movement a minority twenty seven percent disagree thirty percent aren't so sure but are these harsh tactics to tame protesters show that the top one percent have had enough is the corporate elite now trying to silence a voice that is growing louder in america earlier i talked to joshua holland he is a senior writer and editor for also net is in oakland and here's what he had to say . josh thank you for joining us i want to start off by showing you some photos of a former marine and two time iraq war vet scott olsen he was wounded in the protest in oakland last night after he was hit in the head by a police projectile he is now in the hospital recovering so josh are police resorting to violence and others x.x. do you think it's an effort to silence the protest before it grows even louder. i
do and i think it's a way to handle the aftermath of their choice to a victim the protesters who have been champs out in the open city hall for three weeks but it's a short sighted strategy the protesters that i spoke with were were were resolute in their in their desire to get back in there and just a. part of an occupation of oakland i think that if anything it causes more people to join. and what do you think of some say do you think that the top one percent is scared scared of this movement growing bigger scared of their voice getting louder . well i will say that the movement has shifted the discourse in this country dramatically just a few months ago the national journal did a study that found that the mainstream media was the folks doing much more on the deficits then on the unemployment rate that the foreclosure crisis student debt
these issues have been thrust into this venture old into the center of our discourse by this occupy wall street movement and that is that's already having a significant impact and you just said that it is shifting the conversation and i'm in mainstream media to the economy something about it also is bringing attention to the issue of police brutality some argue that occupy wall street protests are revealing a military invasion the police force in the u.s. that what we're seeing here. well i don't know if we're seeing so much that's new this is been going on certainly since the battle in seattle and in one nine hundred ninety nine but i think that is opening a lot of eyes and what's different now is that everybody has a cell phone trail there is millions and millions and millions of cell phone cameras that are just photographing all of this stuff it all ends up on you too so
i think that that having a greater impact than it might have had in the past when you know if if a given act of police excessive force by a police officer was been captured by c.b.s. nobody would ever see it. and now i want to play a clip for you that we have wrath of rage against the machine tom morello. i didn't present visit i think that's very obvious you know he's he's he's considered a you know what i saw everything socialist as it is a as a as a half kenyan harvard graduate from illinois who is a fire breathing social somebody sort of the president is not personal but you know he didn't want to be painted with the you know. with the occupy movement and i think he considers he's got enough problems as it is but he will later come begging to our doorstep let me guarantee that. now what do you think is it a a why have political move for president obama. around the occupy wall street movement well you know certainly he has just as time or other standing so
you think that kind of thoughts your station or his image and i do think you probably wants to distance himself to some degree the flip side of that of course is that the movement itself is not terribly partisan among the protesters that i've spoken to she would call themselves kind of loyal steadfast democrats so i'm not sure that the movement is as readily co-opted full as some believe. what about the fact that you know these protesters a lot of them are young and obama. he won the youth vote so do you think that it would be his advantage to to listen off and to pay more attention to these protesters i think that is the to the advantage of the country and the entire elite from left to right to pay attention to these issues i mean these are the real
issues that are facing main street americans in terms of you know their economic security these are these are important issues and we have an economic crisis in the middle class in this country and it's it's absolutely in everybody's interest to address the i mentioned earlier a new poll showing that at least forty three percent of americans agree with the stance of the wall street occupy wall street movement do you think their message is resonating with more and more americans in the last. well i do and it shows in the polls as you mentioned. you know people understand even if they don't have a terribly long key view. you know the economy they understand that their own economic security has been devastated over the years so i think that this message that the occupy wall street movement is putting out resonates for that reason. and that was joshua holland senior writer and editor for alter net as
americans protest inequality across the sea is a plan to tackle the european that crisis is underway greece is on the brink of ruin so if the country defaults what will the consequences before the u.s. we search for answers up next. after the police corruption. test the a nobody seems to know. but never appropriate to face the argument that they're being overly dramatic.
as well from the united states to europe turmoil over the economy and the eurozone as heads of state gather in brussels say to powerful the problem of a likely great the fall of fear is that a deep hole in the country could send shock waves throughout europe starting a domino effect i would something that subsequently sink the economies of italy france and even reaches here in the u.s. the i.m.f. now considering coming to the rescue and contributing to an e.u. bailout what are the consequences of a greek default and how can an economic downfall in the euro zone of that the
already troubled economy in the u.s. well tell me answer these questions i spoke to out about harrison founder of credit right down to start things off i asked him a simple question agrees doesn't default what would the impact be take a listen. my view is that a default would mean that greece would actually have more fiscal space going forward right now they have to undertake enormous austerity in order to make ends meet and a default would actually mean that austerity would be less and so as a result of the negative impact of. cutting government spending would be less and the question is is you know what's going to be the impact on the banking system and you know you have to recapitalize the banks in order to make the fall so i think that a. default would actually be positive for the united states if you can make sure that there's no contagion. ok and could you talk
a little bit more about how american institutions financial institutions are tied to greece that you know there's a c.d.s. market that's the the credit default swap more that is potentially to greece but the direct. are not necessarily that large in terms of the amount of debt that american banks hold of greece so i don't think the direct ties are really that large it's really more about money markets loans that are invested in. european banks that are also invested in greece and so it's more of an indirect outside of these credit default swaps which are basically insurance on greek. ok and you said earlier that a greek default maybe even be a positive thing what do you say to some out there that say such a. hug leads to. an economic collapse a collapse that could spread throughout europe and could spread here in the u.s.
i mean what's your response to that fear what my response is you know obviously if the default is done in a messy and not believable way good. is that greece has a much higher debt to g.d.p. . in terms of the government all of the other countries within the euro zone you know italy has one hundred twenty two so. portugal has ninety percent spain something like seventy percent so those are much lower numbers if you will to recapitalize the banks and then greece is different than these other countries and these other countries can make the grade and you were actually incredibly backstop them in some way through the c. d. the european bailout. i think. it will stop agrees and i am baffled as you just mentioned they are considering participating in the e.u. bailout fund the pirates the person to create another fund is playing a bigger role than previously thought and the u.s.
is a major subscriber to the i am not a contributor of earth seventeen percent of the i am not worried about the euro zone what does that mean for taxpayers here in the u.s. i mean are they fighting the gulf and us were concerned about the u.s. footing the bill and the i.m.f. being involved what i'm really concerned about in terms of the bailout fund is the fact that the bailout fund itself is not necessarily credible you know in the united states interest rates are incredibly low our debt to g.d.p. is equivalent. same thing in the u.k. equipment to france they have very low interest rates the french the italians the spanish they have much higher interest rates the reason is because it's not credible. that is the european bailout fund can backstop those governments the united states has a backstop in terms of the federal reserve the e.c.b. could play that role but has chosen not to do so so my principal concern is the
fact. the european bailout fund really is not a credible guarantor of this sovereign debt of all the european nations ok i've got i'm going to switch the focus here a little there president obama. promoting a series of executive orders one of them announced this week would make it easier for homeowners to refinance their mortgages the day we saw him he announced another executive action that would allow students to better manage their student loan debt and the white house says this is a way to get things done quickly and a timely manner without the approval of congress which going that direction at this point doesn't seem to be. going anywhere how do you feel about the president now exercising has executive powers the only these measures are going to. make a huge difference basically. what you really need to see is credit right. these loans that are able but the reality is if the banks start writing specific
loans to specific individual student loans mortgages that everyone's going to start wanting to get a right and in truth only a minority of the people who are underwater are going to be the ones who end up the felting not everyone is going to default so you can actually make the problem bigger inducing everyone to try to get some sort of right. we're sort of stuck here we have you know there's no systemic solution to the problem. or thank you so much for your insight on all of this that was edward harrison founder of credit right now. still ahead on our theater mainstream media celebrating this as news outlets show images of the docking staff with cheers of joy and hauling at the dawning of a new era for libya so advancing on the dock is great justify the answer now.
let's not forget that we can afford. i think. rock the funny beautiful and funny well. whenever the government says they're going to keep you safe to get ready because you lose your freedom. and your website which twenty four seven live streaming news time what to do about it ongoing financial hardship unlimited free high quality videos for download. and stories you never find on main street news. nothing that is selling
a family the political. posturing more than archie ducked the tank. if you just put a picture of the need when i was like nine years old i didn't feel the true. sense and i am a total get a sense that i'll wrap my head is that i'm pretty sure. it was kind of the jester that. i'm very proud of the role that i'll just see its place.
you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else here so you saw the part of it and realized everything you thought you knew you don't. charge is a big issue. for a lot of the world revels in the gory death of longtime libyan leader moammar gadhafi the jubilation by the mainstream media's portrayal of gadhafi as a heinous evil dictator but as the killing of moammar gadhafi is that a scary precedent proving that nato can topple any dictator they please r.t. of guy and she can take the a closer look at the media coverage of the death of gadhafi and what it may reveal about the power of nato. it's funny it was cheers. the joy of killing the african leaders spread like wildfire in the us media it caused
a trillion dollars to get saddam and a billion dollars to get gadhafi in libya says they're going to pay back a billion that we spent two so it's going to end up being sort of preferred for nothing so let's get in on the ground there's a lot of money to be made in the future in libya there's a lot of war to be produced and no american soldier killed probably greater opportunities ahead seems like the perfect and you were fearful of one that's meant to be a lesson to answer i think it's sense of an important message to other leaders in the region when i tell you that these are big gators they are not very original just like saddam hussein caught amid a whole new market guy he was a bad guy although many libyans would argue how bad he was for them considering what the young people down in the social welfare and women's rights but in the eye of the western audience as presented by the media he was the ultimate evil it's a demonization every step of the way against gadhafi in the media today always
one one man becomes the justification one leader of a country becomes a justification for destroying an entire country. for a few days the media savored the bloody music. and lack that similarities between this character in a ditch and out of saddam hussein all the cheering about could off is killing in the eye of the public effectively a race is a bad taste after nato campaign no mention of libyan civilians killing nato strikes not much talk about the destruction in the country caused by those strikes his killing is presented as a triumph a triumph which can create a perception that somehow it's perfectly ok to invade a country and help its leader lynched but it's crazy to such a success doesn't it become more tempting to try the same method somewhere else i'm going to check our reporting from washington arts. and joining me now for more on this of age of times correspondent pepe escobar pavan for joining us first i want
to get your reaction to the media coverage. of coffee well even my cat was terrified when he was watching fox news c.n.n. b.b.c. and all of that you know it's expected you know what do you expect from the one percent we are to ninety nine percent we don't have to follow their narrative it's all of us that's from the beginning this was a regime change operation and it's obvious that from the beginning it will be violence regime change operation so you know this there's nothing unexpected about it it's to pull the main to sure it was arafat's summit in a giant steel it's assad and it was a serving lad in let's say and now khadafy and the narrative is soft shell like you know if i had an empty nine the ripper you know what i would do i would put all of these one percent's and all their images to rest and that they are what are you
paying. off the fat of about the power of neda. well it's terrible first of all it's the unified power of africa and nato don't forget this war was started by the french at the same time the talks were launched by the african command then it was transferred to nato and those incompetents nestle in brussels it took them seven months to conclude that operation that they said and it became it will conclude into weeks so why it took seven months first of all because they're incompetent second didn't have to be for me certain they start to win the war when president obama had the directive both arise in the pentagon to pass the best intel satellite to the domestic of course to nato commanders in you know base in system and then plan b. kmart's plan a was always to cut off it from the beginning usually look at what
nato commanders have been saying from the beginning there was always plenty and there cape may be plenty the troops that cut the qatari said trained in qatar there it's ari this also western berbers a peace that movement nasrat to regain would take over tripoli it work cheerfully found twenty four hours why because counties the fact that it can just repeat the best. army division in the libyan army be famished and nobody knows why to this day and you know beyond about the city where and where he was cal it's now in shambles and there's an untold number of civilian bad food and water and medical care reportedly of an accessible why are we hearing about all that. of course not because it goes against the narrative. is the new lucia fallujah at the end of two thousand and four decision in oktober two thousand and eleven what the marines
pizza city which was to destroy. in order to save it they can see a need to did just to see it in this year. forty thousand late two bombs in the more or less seven months let's assume that one bomb killed one libya which of course very optimistic we have at least forty thousand libyans killed it's more than a hundred thousand in the body will be on the ground to count it and this proves there are complete from beginning was a sham what kept off it didn't do when people are saying no he's going to all creation a massacre in benghazi need to end it and see it would certain city is a shape it's worsening we're nneka and you know the u.s. and other western powers they were known about that often is criminal that criminal activity. and why that only and referral here that he deemed that as as evil dictator that needs to be toppled that needs to be healthier. well there is
a list. they could go to the moon with a list of reasons there he was a terrorist then he became our pastor then he is at this posable pictet or so saudi arabian interests bet blood between the house of saud and qatari interests they wanted to take over commercial operations in the north in africa nato interests nato. there really isn't a totally so libya has to be african we need the peace because we are basically stuttgart germany so you believe you can have the bees as well and the penetration often caught on inside africa basically this is a war between the pentagon and china and libya is a colony you know this not to mention totality france interests as such because he who wanted to sell. nuclear power plants to libya the french water companies want to privatized the oil the leader built this thousands of pieces so who wins so not up and let me come on as
a south qatar that's it i laugh question that doesn't make me a fan of the morning for the brass carol but i mean redeem can be toppled by nato power absolutely and not only for basic that they want a war against milosevic they didn't because the russians pulled off their support to milosevic that's why the war and needle lost the war and we lose a war forever in afghanistan and only to six that they they want a war in libya sold next other countries in africa next other cancers in the middle east starting with syria and then in the near future center away shia any of them south america i was talking to some strategists in south america they're discussing it was that we didn't need to one day we're going to try to people's evermore i was in which i was even as well so yes nato is a global robocop and be aware they're coming to get you and let's talk a little bit more about what what you think is coming next if you had to make a prediction. no no crystal balls but based on facts on the ground it's already on
civil war in libya number one civil war the islamists i guess the defectors in the coffee regime they will never set up a government because they're militias fighting against militias it reminds me of iraq in two thousand and four two thousand and five secs second possibility if they don't capture saif islam and that's the reason why the t.n.c. asked me to stay until to the end of this year in fact two more months later they want to capture safe all this number out there i say stop this i was going to organize a guerrilla war i guess the t.n.c. government as well so what i predict is plunder of libyan resources minerals and gas water you name it nato running libya as a kind of protectorate but up with government how many cars i style you know. tripoli and civil war all over the place welcome to liberated libya poppy thanks so much for weighing in on death that was asia times correspondent pascal clarke well