“The unusual activism of central banks may, at the margin, have worsened further wealth distribution,” said El-Erian, whose company is manager of the world’s largest bond fund. “To the extent that such policy activism succeeds in bolstering asset values, but not the real economy, the rich benefit disproportionately.”
A 30 minute Youtube-documentary I made on the 15th of October Occupy/Real Democracy/r-love-ution demonstration in Vienna. Interviews in English, subtitles in English for demonstration signs + shots from the “talking stick” circle, which started the day.
Distributed by Trilight Entertainment. Feel free to post this on blogs and web-pages etc which are supportive of and/or share fair information about the 99% / Occupy / Real Democracy Now / r-love-ution movements.
Just read an article in the Guardian where the IMF managing director Christine Lagarde tells Europe to bail out the banks – again. Excuse me? What? So after having bailed out our banks, and them seeing them one year later going on with business as usual, paying out massive bonuses instead of using profits to provide better conditions for the people – we should bail out the banks again?