Senile Economics: Bubble Ontology and the Pull of Gravity (tags)
The entire banking system is closing in on folding, which is why it so desperately needs new inflationary liquidity to keep afloat. The Great Reset is our owners’ authoritarian attempt to respond to this systemic threat by taking control of the collateral (our lives).
Ten Years After the Financial Crash (tags)
US economic statistics are dubious since financial markets are based on financial products and money out of nothing. Tax havens, micro-second betting, stock buybacks and corruption through lobbying are market-distorting and cause revenue shortfalls.
The exodus from the casino capitalism producing ever faster and ever deeper crises cannot succeed without a broad and powerful democratic base. Parliamentary democracy is urged to finally take up the struggle around the primacy of politics
The Crisis of Speculative Capitalism (tags)
The bubble bursts when debtors cannot pay and a bankruptcy crisis develops at the end.. The illusion of the stock exchange as a roulette with guaranteed permanent profits burst with the New Economy bubble..Only the worldwide regulation of the financial markets can avert their collapse.
"The logic of the stock corporation leads to all profits ultimately being used to raise the stock price which promotes speculation." The only way to solve mass unemployment, destruction of the environment and trade imbalance is to break out of the system and pursue qualitative growth."
AdvancedPhysics.Org Advocates Medeval "Obscurantism"! (tags)
How this "Mission Statement" of AdvancedPhysics.Org conforms to the historically speculative and expermental nature of scientific inquiry is actually so beyond any basic imagination or logic as to be totally absurd!
The Structural Crisis of the Financial System (tags)
"Introduction of taxation on speculative financial transactions must go along with a genuine nationalization that involves a change of the actual banking system into a public system and fixes the role of money as a neutral means of exchange for services."
Only Lip Service: Interview with Heiner Flassbeck (tags)
Heiner Flassbeck describes the financial summit in Washington as failed. The UN expert says the central problems of speculation with exchange rates and raw materials were not addressed. The industrial countries divert from the real themes.
SPREAD THE WEALTH OF WALL STREET, BIG OIL AND TAX-EVADER FOX! (tags)
The fascist Fox News of Rupert Murdoch has been whipping up a mania and false fear against socialism, Marxism and “spreading the wealth” But it is protecting only its own tax evasion and the speculative profit, predatory lending and price-gouging of Wall Street and Big Oil.
Meltdown and Bailout: Why Our Economic System Is on the Verge of Collapse (tags)
Today's highly speculative economy pushes capital into developing countries and into bubble after speculative bubble in search of a better profit margin.
FIGHT THE WALL STREET ADDICTION FRAUD AND “RESCUE” TRAP! TIME FOR REAL SOCIALIST CHANGE (tags)
The new Paulsen-Bernanke package to “rescue” Wall Street will only puff the speculative bubble and trap the working people’s money in it. It hopes to keep the addiction, greed and gluttony for speculative profits going. It’s time to beat down Wall Street capitalism! Time to put working people’s welfare first! Time for real, socialist change.
Full Speed Against the Brick Wall (tags)
Massive capital has streamed into the raw material sector and crude oil. When we leave the market to speculators, panic rules. The economy falls into a double crisis-out of scarce raw materials and energy and falling profit rates and mass demand.
Farewell to Neoliberalism (tags)
State interventions in the economy are unpopular and generally regarded as "against the system"-when the state interferes in profiteering. In the case of a crisis, the losses should be socialized.
The Rescuers of Capitalism (tags)
Banks all over the world bought these speculative objects through subsidiaries called "special conduits" that did not appear on the official balance sheets. The mortal sins of the economy are the specualtive practices, not state interventions.
The Crisis of Speculative Capitalism (tags)
Since the end of July 2007, the world economy was shocked by a new severe crisis of the financial markets. The courage to regulate the financial markets to prevent a future uncoupling from the productive economy is still obviously absent. The hour of truth will inevitably come.