eleven fraud rather the nine eleven illness. well the government the air and water quality down around ground zero and as a result thousands nine eleven first responders have gotten sick over a thousand of. the founder of the feel good foundation john feel it's news what seems like every week of the nine eleven first responders. no one was held accountable for these laws and it's essentially an issue that they don't want to do. you know it's easier to just talk about you know a couple people fighting the system and the massive cover up what that health related issue john the talk about an even bigger story when it comes to nine eleven which is the cover up specifically of the latest regarding saudi arabia's complicity and the cia's for knowledge of it to what extent do we know that saudi arabia was involved in financially back in the hijackers and the us. well i think we need to release the twenty eight pages of the joint congressional inquiry to find. this is something that the families have been fighting for for years and righ

in the early one nine hundred fifty s. there were also some innovations on the european side like the european payments union that helped to reste or some sense but semblance of monetary stability i would emphasize that it was not until one thousand nine hundred sixty one fifteen years after the i.m.f. was inaugurated that the first nine european countries met they were acquirement of the i.m.f. articles of agreement that their currencies be convertible into u.s. dollars at a fixed exchange rate so indeed the bretton woods monetary system could not really be said to have started until in one thousand nine hundred sixty one by which point it was already coming under tremendous pressure as the united states was losing gold stocks. now moving to today we are currently in a new system and this is some system has actually endured for a longer than bretton woods system what are its strengths and weaknesses visa v the monetary system that came prior. well you could call it really a system there or no implicit rules that anybody o

in the early one nine hundred fifty s. there were also some innovations on the european side like the european payments union that help to restore some semblance semblance of monetary stability i would emphasize that it was not until one thousand nine hundred sixty one fifteen years after the i.m.f. was inaugurated that the first nine european countries met they were acquired from and of the i.m.f. articles of agreement that their currencies be convertible into u.s. dollars at a fixed exchange rate so indeed the bretton woods monetary system could not really be said to have started until the one nine hundred sixty one by which point it was already coming under tremendous pressure as the united states was losing gold stocks. now moving to today we are currently in a new system and this is some system has actually endured for a longer than bretton woods system what are its strengths and weaknesses visa v the monetary system that came prior. well you could call it really a system there or no implicit rules that anybody obeys

and you know one nine hundred twenty nineteen twenty nine the great depression all that we did have in the gold standard but i point out we also have panics when we're not on the gold standard one nine hundred eighty seven the stock market crash twenty two percent in a single day one thousand nine hundred four we had a financial panic nineteen ninety seven ninety eight global markets were hours away from complete collapse before long term capital management was rescued i did that but i was in the middle of that and i know how close markets came we were it was the middle of the night in new york we were hours away from the from the tokyo open and trying to get the deal done and peter fisher and others of the new york fed said the global markets will collapse we came very close two thousand the stock market collapsed two thousand and seven two thousand and eight so we've had panics within with how cold so i don't blame gold i blame easy money which can be with or without a gold standard. much credit loose credit and financial panic you wrap it up nicely i know what you also schooled m

in the early one nine hundred fifty s. there were also some innovations on the european side like the european payments union that help to restore some semblance semblance of monetary stability i would emphasize that it was not until one thousand nine hundred sixty one fifteen years after the i.m.f. was inaugurated that the first nine european countries met they were acquired from and of the i.m.f. articles of agreement that their currencies be convertible into u.s. dollars at a fixed exchange rate so indeed the bretton woods monetary system could not really be said to have started until in one thousand nine hundred sixty one by which point it was already coming under tremendous pressure. as the united states was losing gold star. now moving to today we are currently in a new system and this is some system has actually endured for a longer than bretton woods system what are its strengths and weaknesses visa v the monetary system that came prior. well you could call it really a system there or no implicit rules that anybody

hundred four actually did collapse in stages between one nine hundred seventy one and one nine hundred seventy five ninety seventy one was when nixon went off gold but it took those a couple years of turmoil took until nine hundred seventy five before the i.m.f. you know tyreese gold on a global basis so that standard collapse since then we had a period of turmoil after seventy five eighty one that was when you know gold went from forty dollars announced eight hundred dollars an ounce that's when the dollar lost half its value we had fifty percent five zero fifty percent inflation between one hundred seventy seven one thousand nine hundred one the dollar was very close to collapse then it was only rescued by the combination of paul volcker high interest rates ronald reagan low taxes low regulation that combination made the us a very attractive place to invest got the dollar back on its feet since then for thirty years from one nine hundred eighty one to two thousand and ten we had the dollar standard king dollar it was in the gold standard it was the dollar standard but we said to the

and you know one nine hundred twenty nineteen twenty nine the great depression all that we did have in the gold standard but i point out we also have panics when we're not on the gold standard one nine hundred eighty seven the stock market crash twenty two percent in a single day one thousand nine hundred four we had a financial panic nineteen ninety seven ninety eight global markets were hours away from complete collapse before long term capital management was rescued i did that but i was in the middle of that and i know how close markets came we were it was the middle of the night in new york we were hours away from the from the tokyo open and trying to get the deal done and peter fisher and others of the new york fed said the global markets will collapse we came very close two thousand the stock market collapsed two thousand and seven two thousand and eight so we've had panics within without gold so i don't blame gold i blame easy money which can be with or without a gold standard. much credit loose credit and financial panic you wrap it up nicely i know what you also schooled me

hundred nine george w. bush told his biographer mickey herskowitz that if he became president he wouldn't make the mistake his father made in only having a short and limited war with iraq you have a big enough war so that he become a wartime president with enough political capital to privatized social security cindy sheehan talked about this when she testified in front of congress in two thousand and five. and interviews in one thousand nine hundred nine with respected journalist and longtime bush family friend mickey herskowitz then governor george bush did in one of the keys to being seen as a great leader is to be seen as commander in chief my father had all this political capital built up when he drove there iraqis out of kuwait and he wasted an f i have a chance to invade if i had that much capital i'm not going to waste i'm going to get everything passed that i want to get past and i'm going to have a successful presidency and. be any more proof of the longstanding neo-con plan to invade iraq consider

hundred twenty nine in the great depression now fast forward in one nine hundred eighty one when reagan came to washington in one thousand nine hundred one the top marginal tax rate stood at seventy percent but then came the reagan tax cuts in eighty two the top marginal tax rate was fifty percent by eighty seven it was thirty eight and a half percent in eighty eight he took it down to twenty eight percent just two years later in one thousand nine hundred our economy went into another severe recession in one thousand nine hundred seven republicans in congress forced president clinton into slashing the capital gains tax from twenty eight percent down to twenty percent and that tax cut coincided with the famous dotcom boom bubble and ultimately lost in two thousand finally george w. bush lowered the top marginal tax rate and capital gains rate when he was in office those cuts helped lead america to the crash of two thousand and seven. but as by our points out the tax cuts may lead to cycles of boom bubble bust tax increases could actually improve our economy respond to the great depressio

hundred fifty three through the prism of nine hundred seventy three or twenty thirteen. and again until nine hundred seventy seven are real strong was only a military officer he became a politician in one hundred seventy three but only held positions of power in government. came to power in one thousand nine hundred. the seven as a military officer he was not beloved. universally some people admired him other resented him but in any event he was an executive agent of the government he did not shape policy and if you ask whether it will change or whether it was mere but a mere i mean it began i think i think even you would agree a mirror i mean he made a personal decision to invade lebanon and he lied about it to his own government here i mean he did was quote unquote proactive it times and we all know what happened to israel and the lebanese people who are in that conflict go ahead. well peter peter let let let me find it. more complicated than lied to his government menachem begin our realtor on that the chief of staff of these really defense forces rafael they all had

article nine of the ppp scheme at two fourteen sq its local chapters economy. one further made the claim that ten brands for gosford city councilor three years ago the invocation of the branch and therefor did not withdraw from the party and has the right to rejoin the party the dpp expose members that was not from the party too bad in an election and expel members can apply to be toeing the party after a period of five years the party however maintains that engage in fact withdraw from the party along with ten others to run in elections in twenty ten ten is subject to credit regulations like everyone else and can apply to the two nd of ppp in june twenty fifteen like everyone else. in response canceled his plans to run for elected leader in twenty sixteen will not change. according to the centers for disease control one hundred twenty five thousand residents assault emergency or outpatient services last week fordham fool is the case as an increase of sixty percent compared to the same period one year ago. meanwhile the number of complicated influence of cases

who may have never heard of del boy which wouldn't be ninety nine point nine nine nine percent of the global population but there's a scheming come out having do it in this movie only t.v. show. in america it would be jackie gleason in the honeymooners to give it some context art carney i believe was all there all scheming to make a quick buck so here's margaret thatcher who had this great plan of oh let's follow hi fredricka. and let's let's let's deregulate and let's the commercialising financial eyes and give everyone a chance to own their own council state flophouse bug infested dome and now here we are forty years later home ownership back to where they were all kids back to the beginning again so let's go down to where grave right now scratch out margaret thatcher and put del boy because he's a frickin scheming loser well actually the five fredricka is the road to serfdom we've become serfs what our service but having to rent from some landlords to the point of the book the road to serfdom just to avoid becoming a serf not let's go all go to the root to serve with margaret thatc

in the one nine hundred eighty s. and of course that exploded a nine hundred ninety s. you could listen to a voice at the end of a telephone and get a loan and then we saw the climax of that when lending was made to what is known as subprime borrowers. who were the most profitable because the rates of interest on those loans with the highest but also because they were poor they were the most exposed borrowers and it's when they were unable to repay at those very high rates of interest that the whole edifice of debt came down because of course it was all linked now australian professor steve keen argues that means stream economics doesn't take money banks or debt seriously enough when modeling the economy do you agree with them. i do completely agree with the dominant economic orthodoxy which is torching all of our universities to the exclusion of other economic theories and thinks of money as a commodity thinks of it as something that can be scarce and something that can be managed by i suppose the forces of supply and demand but because money in the. advanced western e

because you know you feel remember you know back in one nine hundred seventy nine i bought my first spreadsheet was called visit kuk it was replaced by one two three it was replaced by microsoft excel there may be other cryptocurrency to come along the road at a future date that might be better than bitcoin but the concept of crypto currencies itself is. really the technological innovation and bitcoin is the prominent one at the moment as being the first mover anyone to say that the way that gold is a precious metal that in case of big coin you could consider it a precious number because the mining that goes on you know you're finding these numbers that are only possible through the rave hundreds of thousands or tens of thousands of computers they exist in cyberspace somewhere but they have to be mined they are precious numbers so can he say that this represents precious numbers the way that gold is a precious metal yes i think that's a very good way of comparing the two there is one slight difference between this tangible in the sense that there is a computer code and everything backing it but

nine 18 in.e base and he would. >> : >> : next six dry weather and rain lack of. >> : dangers are just walking of in san francisco. how city officials hope to fix pedestrian problem. >> : tonight at 6 recognitions and concerns. lawmakers putting pressure on jerry brown to claim official drought emergency. >> : central states as primary natural disaster areas because of potential drought. it >> : townies and california and new mexico are affected. >> : tonight we are learning murrain county is heavy is tapping into its reservoir. reserve reservoir it's only used during dry years. now it is being pumped. central and southern sections are getting water from this reservoir. >> : it's 20 percent lower than it should be this year for storage. >> : the stars are being asked to cut down water usage. nine >> : we need a lot of rain to avoid scenarios. >> : just a little rain will be absorbed into the ground we need rain and additional rain on top of that. >> : backup reservoir is being prepared just in ca

nine ill as well. nine >> : however authorities said that booked in the solano county jail in $1,500 on bail >> : tom smith smith as you know he was gunned down by friendly fire but friendly fire by accident early in the week. mike >> : former bart police officer reveals new chilling details the former bart employee agreed to tell the story if we masked his identity and boy's treatment >> : decision was made to enter the apartment and into clear room by room. >> : at least for bart detectives went to the dublin. these the apartment for plan described in detail about what happened when mr. the probation search. >> : the officers were at the apartment looking further evidence of all or stolen property. the suspect was known be in jail for another incident. >> : sergeant smith entered in the doorway it proceeded to go to the dining area where as the other to members will also entered the what position and sells justin said the door. >> : from there it's a little unclear it if someone so clearing departmen

hundred eighty nine. president franklin roosevelt fix that by raising the top tax rate on the bridge back up to over ninety percent which led to more than forty years of stability and prosperity. rich people left their money in their companies and only took thirty times what their employees did is pay after all take more you just pay more taxes economy boom middle class prospered. then came reagan. he dropped the top tax rate back down to twenty eight percent leaving within a year of the worst recession since the great depression followed by the savings and loans crisis. bill clinton took the top income tax rate back up to thirty nine percent and presto the economy boom but then bush jr came into office cut it back down again and we got another crash and lots of unemployment. simple point effect four times since one nine hundred thirteen we've had big tax cuts on the rich to lead to major crashes the other two would lead to stagnation for working people all of them made the rich a lot richer. and when tax

despite international midfielder toward the captain of the people in two thousand and nine. extension comes with the option for another year and according to local media. he will be paid a salary of six million euro eight season also is covertly sidelined with an id from injury and will miss thursday's king's cup last sixteen first leg at home to watch santa. spiritual high in the us on a pro cycling team on wednesday when the kazakh outfit officially presented to try this for the twenty fourteen season the presentation took place in brescia italy. among those present were the key new signings new astra of the netherlands and the county and became a scalpel and eight. the team's general manager of a town of inaugural made his objectives clear that this year saying i'm happy with the twenty thirty zero to tally a victory to cook the dishes in the fall to as close to falling victories by conservative of eight. i've satisfied my first year as general manager but the objective for twenty fourteen as team boss paul says manuel is to beat teams like that or defrost cycle to achiev

you know this is all about nine eleven this is even a dozen years after nine eleven bush and obama set up this apparatus to get dad to spy to be very aggressive in the counterterrorist programs friends to yeah you know because germany is a hothouse of terrorist planning and has been in there were nine eleven suspects who spent time in germany so you can see we want to kind of cover the waterfront but it's pretty clear got out of hand and. that everything can't be dictated by nine eleven as it was in the years after the bush years you're intelligence in the navy right i was in communication i was not in jail it's not and communication about intelligence well it was it was communication about operations more people have have written you know this is a matter of record in the. pentagon in the navy that i was somehow involved in intelligence that said to conspiracy theories about watergate which you know there's just no basis for but i wish i'd been telegin so it would have been much more interesting than what i did as a investigative reporter have you ever honestly or dishonest slee used

one nine hundred seventy three. jimmy carter would not have been on a list so you know all these things depend but he's got he's got a story line and again to use that word of a political franchise which is very appealing to people now joe biden joe biden underestimated been a key figure in the obama white house on national security and domestic you think he'll run for. oh no i mean they'd be of it would be i think he would like to do it he he's got the governing credentials and if hillary doesn't run or something happens there he may be too old in many people's eyes maybe in his own eyes but i think the big if you're looking for a theme for the year it's governing you've got to fix things you've got to get things done paul ryan. got to know him when i did the price of politics. a they forced to be dealt with and more of a realist than in the log though i think he comes off as an idiot a log i think he would be the sort of person who could make a deal with the democratic president if he were say speaker of the house

in the one nine hundred eighty s. and of course that exploded in the one nine hundred ninety s. you could listen to a voice at the end of a telephone and get a loan and then we saw the climax of that when lending was made to what is known as subprime borrowers. who were the most profitable because the rates of interest on those loans were the highest but also because they were poor they were the most exposed borrowers and it's when they were unable to repay at those very high rates of interest that the whole edifice of debt came down because of course it was all linked now australian professor steve keen argues that means stream economics doesn't take money banks or debt seriously enough when modeling the economy do you agree with them. i do completely agree with the dominant economic orthodoxy which is taught in all of our universities to the exclusion of other economic theories and thinks of money as a commodity thinks of it as something that can be scarce and something that can be managed by i suppose the forces of supply and demand but because money in the. advanced western

bill clinton took the top income tax rate back up to thirty nine percent and presto the economy boom but then bush jr came into office cut it back down again and we got another crash and lots of unemployment. simple point effect four times since nine hundred thirteen we've had big tax cuts on the rich to lead to major crashes the other two led to stagnation for working people all of them made the rich a lot richer. and when taxes have gone up as author larry by our points out since one nine hundred fifty we have had five tax increases on the rich four out of five times unemployment went down things got better in other words for working people. the flip side is buying our points out is that since nine hundred fifty we've had ten cuts to the top marginal tax rate cuts six out of ten times unemployment has gone up. tax cuts for the rich in other words screw working people at least sixty percent of the time and they never help working people. when ronald reagan came into office taxes on rich people were over seventy percent and the american middle class was the strongest it's ever been.

it's nine pm here in moscow a network of tara and iraqi troops. militants for the city of one another branch of the extremist organization carries out a deadly attack in yemen we find out why the terrorist group's been thriving despite hunted by governments in the region and leave. we came here to try to understand how the group's been able to carry out large scale devastating attacks like the one from memory right here what's behind the arrival. does the u.s. really understand what's going to come straight. also the headlines tonight a hero in the face of terror. she was so brave she didn't even cry i was talking to her all the time he meets a.

are attempting to do it forty nine times. ca it's a settled law of the land even republicans are saying that already and that we need to actually look toward implementing reforms to make it the best health care system that we can have so do you think that the president. do you agree with me that the president needs to do more to point this out to people i played on my radio show today a couple of speeches that harry truman made and he just he just kept saying this republican congress was that they were going to enhance social security instead why do we go through seven hundred thousand a lot i mean he just wanted to point after point and every single time this republican got yeah and he wanted to lecture me and the republicans did not you know that was forty eight the republicans did not hold the house of representatives again until the ninety's for fifty years the republicans forty seven years republicans were out in the wilderness because harry truman beat up side the head so bad yeah well i mean i think it's absolutely tru

you may recall that japan in the ninety nine to stagnate it. its banking system remained in a zombified state and the economy and the long period of deflation and secular stagnation now this is what the get his own is and telling. the e.c.b. has stabilized that the money markets the bond market and he'd make continue to do this for a while to come but the eurozone is and i think that stagnation now the worst thing however about this is that the eurozone is no japan japan was a homogeneous society is a homogeneous society it was not a comment that the way that the eurozone is the banking sector was obvious either but it was at least unified the eurozone is none of those things it is for granted and worse still there is no fiscal policy at the aggregate level of the eurozone whereas there was one in so in other words the eurozone is entering a far far worse and more pay to the us version of what japan went through in the ninety nine isn't the only. possible outcome of this is fragmentation and disintegration of the eurozone until and unless you h

not seen since the one nine hundred seventy s. now america's growing energy industry has increased appeals to the obama administration to relax controls on the export of crude oil obama has already given the go ahead on some exports of liquefied natural gas however he still has strict controls in place on crude oil that have remained in place since the one nine hundred seventy s. . and finally retail sales in the eurozone have had a surprising surge according to statistics agency retail sales rose by one point four percent from october twenty third and were one point six percent higher than in november of the previous year this is the largest rise in a single month since november two thousand and one and comes as a major surprise now just last week nine economists surveyed by the wall street journal said that they expected sales to rise by just zero point one percent. well there you have it those are headlines for today as always always we'll be following these stories and keeping you posted on all the latest. greek bonds outperfo

talks to the man who saved a nine year old girl who remains great.

the one nine hundred thirty s. was the first kind of go around when we had some significant sort of regulation sure the securities and exchange act. as well as the securities act of one nine hundred thirty three but what washington didn't deal with was what do we do with the over the counter market which is largely fixed income instruments and so they said what we the government could regulate it or perhaps will save the government some money the the the industry to regulate itself so they set up this entity called the national association of securities dealers in any state the equity exchanges had their own self-regulatory arm as well. history of the n.a.s.d. has been. not what you would call exemplary have had serious issues throughout their throughout their history and ultimately at the behest of individuals like hank paulson they presided over the f.c.c. to allow these self-regulatory entities the n.a.s.d. and the regulatory arm of the new york stock exchange to merge that merger occurred in two thousand and se

a state of emergency has been declared in nine countries in nine counties in the u.s. state of west virginia following a chemical spill into a local river people are being in the scheme of bayes' of crude using water from that tops the extent of the problem on our website. and also online any new parliamentary inquiry condemns the unprecedented and indiscriminate slave gathering of dates have by u.s. and british intelligence agencies they were precautions of that may have offered her a website. right seems a little search string. and i would think that you're. on a recorder with a little instrumental. to be a little little. i made mounting public complaints and i can promise has the new post if they give will be controversial drilling method is revealed in today's breaking the set this . is a question i never thought i'd ask what the frack is mickey mouse up to in ohio so last month a radio disney employees travel twenty six schools and science centers across the state promoting a program called a rock in ohio sounds innocent enough. it turns out this initiative was en

not seen since the one nine hundred seventy s. now america's growing energy industry has increased appeals to the obama administration to relax controls on the export of crude oil obama has already given the go ahead on some exports of liquefied natural gas however he still has strict controls in place on crude oil that have remained in place since the one nine hundred seventy s. . and finally retail sales in the eurozone have had a surprising surge according to statistics agency retail sales rose by one point four percent from october two thousand and thirteen and were one point six percent higher than in november of the previous year this is the largest rise in a single month since november two thousand and one and comes as a major surprise now just last week nine economists surveyed by the wall street journal said that they expected sales to rise by just zero point one percent. well there you have those your headlines for today as always always we'll be following these stories and keeping you posted on all the latest. greek bon

security policy that has built up since world war two look the soviets disappeared in one thousand nine hundred one we kept right on going we got bigger and bigger now we have eavesdropping across the world we have a we have seven hundred thousand foreign bases six thousand domestic players we have. full spectrum dominance air sea land cyber warfare space war we are way ahead of everybody else we have first strike superiority once again so it's a very troubling time but you ask me of an important question i didn't answer it before about if kennedy had lived well we wouldn't be alive if kennedy had not done what he did at the cuban missile crisis with khrushchev we were really at the edge of war the sit com they wanted which the joint chiefs of staff wanted to go they wanted to invade cuba we didn't even know the situation in cuba how many bombs they had how many soviet troops were ready to fight the led by the commander of stalingrad was there it was a serious war we were facing in cuba it would have escalated into a major international conflict we had bombers ready to go off okinawa dr

i should say that i mean crypto currencies because you know you feel remember you know back in one nine hundred seventy nine i bought my first spreadsheet was called visit kuk it was replaced by one two three it was replaced by microsoft excel there may be other cryptocurrency to come along the road at a future date that might be better than bitcoin but the concept of crypto currencies itself is really the technological innovation and bitcoin is the prominent one at the moment as being the first mover anyone to say that the way that gold is a precious metal that in case of big oil and you could consider that precious number because the mining that goes on you know you're finding these these numbers that are only possible through the i rave hundreds of thousands or tens of thousands of computers they exist in cyberspace somewhere but. they have to be mine they are precious numbers so i can he say that this represents precious numbers the way that gold is a precious metal yes i think that's a very good way of comparing the two there is one slight difference between the tangible in the sen

london morning fixing the same daily declines this can be seen in silver prices from one thousand nine hundred eight through two thousand and twelve so that's twenty years of data every single morning in london and the morning fixing here it drops a little bit but at the evening fixed opening in new york it drops precipitously this is over twenty years at the same time now bloomberg says about that for both commodities there were on average no comparable price changes that any other time of the day these patterns are consistent with manipulation and both markets now of course. anybody could have front on this because it was so consistent for the past twenty years that any normal person out there could be able to front run this knowing that they could buy right after that morning and basically new york time and sell before the following morning that's right i mean i saw a study that said if you were to you know buy in a golden age and sell it in the new york opening you would have any allies rates of like forty percent you know made more buffett look bad by comparison because it's so pr

in nine hundred thirty six. unemployment did shoot back up again during the many recession of thirty seven thirty eight but it did that because roosevelt dial back those programs in response to republican screaming about. three . of the programs back in place and thirty eight unemployment dropped again not surprisingly at surge in employment helped out the economy g.d.p. grew at a rate of nine percent per year over f.d.r.'s first term and grew as high as eleven percent per year later on in his presidency and i'm not talking about world war two g.d.p. growth slowed during that many recession of thirty seven thirty eight but like the unemployment rate got back on track after the recession ended by the way many economists including nobel prize winner paul krugman say that that many recession of thirty seven thirty eight was as i mentioned caused by the government drawing back on their own successful new deal programs courses many conservatives argue the real thing that brought the us out of the great depression ult

you made it call the japan in the ninety nine to stagnate it. its banking system remain in a zombified state and the economy and the long period of deflation and secular stagnation now this is what the eurozone is entering. the e.c.b. has stabilized so that the money markets the bond market and he'd make continue to do this for a while to come but the eurozone is and i think that be good of stagnation now the worst thing however about this is that the eurozone is no japan japan was a homogeneous society is a homogeneous society it was not a comment that the way that the eurozone is the banking sector was somebody either but it was at least unified and the eurozone is none of those things it was for granted and worse still there is no fiscal policy of the ag the level of the eurozone whereas there was one so in other words the eurozone is entering a far far worse and more pay to the us version of what japan went through in the ninety nine isn't the only. possible outcome of this is fragmentation and disintegration of the eurozone until and unless