Crossposted from Antemdius
Political Economist F. William Engdahl is author of the book “A Century of War: Anglo-American Oil Politics and the New World Order.” Mr. Engdhahl has written on issues of energy, politics and economics for more than 30 years, beginning with the first oil shock in the early 1970s. Mr. Engdahl contributes regularly to a number of publications including Asia Times Online, Asia, Inc, Japan’s Nihon Keizai Shimbun, Foresight magazine; Freitag and ZeitFragen newspapers in Germany and Switzerland respectively.
On Sunday Engdahl spoke with Real News CEO Paul Jay about Treasury Secretary Tim Geithner’s so-called “Private Public Partnership” plan to rescue the financial institutions in the United States, explains what Geithner is not telling you, says the plan does nothing to address the concentration of financial power in the United States that is based in the five major financial institutions that compose what we refer to collectively as “Wall Street”, and describes the Geithner/Obama plan as a “band aid for a bad hemorrhage”, a hemorrage that will exponentially increase over the next two or three years and mushroom into something much worse than the 1930’s depression.
Real News – March 30, 2009 – 11 minutes 58 seconds
Engdahl: Obama must confront the oligarchical power of Wall Street to solve crisis