Theyre doing and everybodys looking at the e. C. B. To cut rates that they can lend to businesses and grow the economy but actually over 85 percent of all bank lending is for properties and property bubbles so were stuck with that right i mean thats a transfer payment and they use derivatives these modern channels of banking and conduits to collateralize the property in the modern cars the french government the time simply seized via the Catholic Church their property securitized it and sold their currency back as such but here in the 21000 area they did they do it using reverse collateralized mortgage obligations and fancy wall street products but as you point out so so well there this is a replay of all the elements that led to the french revolution using Financial Engineering and securitization and. Riveted to debase the currency. Of his Art International story breaking into i showed you a program of codes reporter for enjoying it you far more a lot of course were going to go back t
This is hardtalk. A quarter of lebanons population are Syrian Refugees, which is putting the countrys infrastructure and resources under increasing strain. The party of my guests, Ghassan Hasbani says he wants to send them home. Some leading politicalfigures there are calling for the refugees to be sent home. But since some in the government have ruled out talking directly to president assad, how can they be sure any returning refugees would be safe . Ghassan hasbani, welcome and thank you for being with us. After one and a half million syrians have sought refuge in your country. About a quarter of your population. How big a threat those that represent . M quarter of your population. How big a threat those that represent . It is a threat those that represent . It is a huge economic and social burden. Lebanon welcomed all these syrians at the beginning, given the humanitarian situation as they were in. After a while, several years on, the numbers have increased significantly and they ha
Dr. Coles our second speaker is casey clabough. Casey is a professor at Lynchburg College and editor of the james dickey review and is english graduate director. A richmond native who grew up and appomattox county, he has editor of the multivolume best creative nonfiction of the press texas review and a variety of other things. One of the editors of the encyclopedia of virginia, which is online. Hes had a number of fellowships and received a number of awards. He has published over 100 works in anthologies and periodicals, such as the sewanee review, the virginia quarterly review and so on. Author of confederados a novel of the americas. The confederates that left the u. S. At the end of the war and went to brazil. I remember from 30 or 40 years ago reading an article about that. Bill maybe wrote that and i have never heard of it and i got interested. Im looking for to hearing his top. His talk. His talk today is entitled, confederados. Casey clabough. [applause] professor clabough than
And appomattox county, he has editor of the multivolume best creative nonfiction of the press texas review and a variety of other things. One of the editors of the encyclopedia of virginia, which is online. Hes had a number of fellowships and received a number of awards. He has published over 100 works in anthologies and periodicals, such as the sewanee review, the virginia quarterly review and so on. Author of confederados a novel of the americas. The confederates that left the u. S. At the end of the war and went to brazil. I remember from 30 or 40 years ago reading an article about that. Bill maybe wrote that and i have never heard of it and i got interested. Im looking for to hearing his top. His talk. His talk today is entitled, confederados. Casey clabough. [applause] professor clabough thank you, dr. Coles. Thank you all for being here and for inviting me. So extend the last speaker eloquent comment about the end of the war being a time of beginainty, id like to with that. That
Its government officials thought, what better immigrants to have then these confederates who have advanced agricultural knowledge compared to a lot of other perspective immigrants. Obviously, are not happy with how things are going at home. So they essentially were given land grants to come to brazil. So that is the reasoning behind it. Just to bring home berts point, i would like to read something briefly called, its from the virginia magazine of history and biography. Alternatives to appomattox is the title. Edited by frank j. Merley. I want to read the opening paragraph. It really brings home how people were feeling and how people responded to these various surrenders and the prospect of life following the end of the confederacy. The title of the essay is alternatives to appomattox. I am sure many of them wished there had been an alternative. Some weeks after general robert e lee surrendered at appomattox courthouse in april 1865, a disgruntled leader put a rifle in his mouth. He ch