fix articles 31840, central banks Los Angeles Indymedia : tag : central banks

central banks

The Financial Market Casino Controls Politics (tags)

Financial markets seem to be the measure of all things. Corporations are subsidized with trillions. In their "competition," small and medium-size businesses are the fools. A complex subsidy jungle exists in nearly all states, a "socialism for the rich" or "new feudalism."

The Attack of Corporations and the Rich on the Rest of Society (tags)

Inconceivable sums were given out without hesitation when the banks were bailed out from bankruptcy. The rich triumph and despise others as losers. Corporations and the rich must desist from their selfishness and accept their responsibility for society again.

The Criminality of the Elites (tags)

The offenses of the upper classes are hardly publicized. People wait in vain for strong interventions in the economic realm. Financial criminality harms the state, the community and economic growth (e.g. high-frequency trading, shadow banking, financial products)

Interview with Social Philosopher Friedhelm Hengsbach (tags)

The financial markets have uncoupled from the real economy since the middle of the 1970s. Politicians listen and react to every sound from the financial sector. Who paid for the bank bailout? The general public or the state made itself poor and guaranteed capital.

Work and Digitalization and A Corpse Governs Society (tags)

On the 2018 Day of Labor, many were worried. No one can deny digitalization affects work. Artificial intelligence greatly changes professions and whole branches. Well-paid jobs become scarcer. Rebuilding the social state seems necessary. Capitalism's blind flight through history is ending.

The World Dependent on Central Banks (tags)

The situation seems extremely contradictory. The global economic and financial system has been clinically dead since 2008. It only functions because it is artificially kept alive by the central banks like a patient in the intensive care unit $!8 trillion was pumped into the global system.

Prohibiting Micro-Second Betting on the Exchanges (tags)

The financial sector that has gone off course should serve the real economy again in the future. The exchange functions like a gigantic casino. Throwing some sand int he gears with a transactions tax would slow down the speculation.

Is Economic Speculation a Form of Structural Violence? (tags)

According to neoclassical economic theory, the financial markets return to equilibrium. Problems only occur because of state intervention. The roaring twenties led to an enormous stock euphoria. In 2018, companies inflate their stocks in a $70 billion stock buy back program.

Causes of Great Problems Faded Out in Elections (tags)

Elections today have one thing in common: they don't change anything. Pseudo-battles dominate in which the actors are intensely focused on evading the burning questions and diverting the electorate from the real causes of problems..

Financial War - How Banks and Bandits Endanger our Democracy (tags)

Political failure follows market failure. Participation in system criminality is without risk of prosecution. The financial crisis is not only a system failure. It was caused by human actions in the banking sector that are objectively punishable.

Shaky Economies (tags)

class war

Seven Reasons Why the Economy Can't Recover (tags)

As the recession grinds on, politicians in most industrial countries have an incentive to make exaggerated claims about the supposed coming economic recovery. Some say the recession is over. Obama is in the group that claims we're on "the road to recovery,” while other nations can only spot recovery "on the horizon.” Below are seven important social phenomena that point to a more realistic economic and political outlook. 1) Central Banks are Dumbfounded. The usual tricks that U.S. and European central banks use to avoid recessions are long-exhausted. Interest rates cannot get any lower. And because cheap money wasn't working, the printing press was turned up a notch, into what the U.S. federal reserve calls quantitative easing -- injecting hundreds of billions of dollars into the world economy, escalating an emerging trade war.

Crises Have Disproven Mainstream Neo-Classical Economics (tags)

"According to Tax Commissioner Cory Fong: North Dakota has been able to weather the economic crisis.

Michael Hudson's "Super Imperialism:" The Economic Agenda of Imperial America (tags)

How imperial America is funded

Is the "Mother of all Financial Crises" Imminent? (tags)

A trade-weighted devaluation of the dollar of around 25 percent is necessary allowing the US currency to ski "gradually and orderly" against free-floating currencies. The IMF could establish a "substitution account" with "special drawing rights" to avert a dollar panic.

European Central Bank pumps $500 bn into banking system (tags)

TO SUCCEED over the global credit crunch in aftermath of sub-prime crisis, the European Central Bank (ECB) has announced to grant a record double loan to its banks. The ECB has decided to pump 348.6 billion euros ($501.5 billion) into the banking system through its banks. Though lending to banks at 4.21% rate of interest is available only for two weeks, it is expected that the grant will boost the diminishing confidence of the bank.

Beware of Falling Bankers! (tags)

Like the car, our sacred cow that is not discussed, speculation and prosperity based on credit are taboo subjects. The system is corrupt and its answers wrong. Will we mend our own pockets as China closes its wallet? Critical thinking, culture shock, alternative economic and Jesus' parables can be new beginnings.

Iran’s Oil Exchange threatens the Greenback (tags)

"The Bush administration will never allow the Iranian government to open an oil exchange (bourse) that trades petroleum in euros. If that were to happen, hundreds of billions of dollars would come flooding back to the United States crushing the greenback and destroying the economy. This is why Bush and Co. are planning to lead the nation to war against Iran. It is straightforward defense of the current global system and the continuing dominance of the reserve currency....."

WILL IRAN BRING REVOLUTION INTO THE USA ? (tags)

Iran’s Oil Exchange Threatens the Greenback by Mike Whitney www.dissidentvoice.org January 24, 2006

The Federal Reserve is Privately owned (tags)

The secret to enslaving a nation.

Fed Privately Owned (tags)

Learn about the financial fraud that has enslaved you your whole life!

The Wealth-Transfer Machine (tags)

If you want to know how the country is controlled you have to understand the basics of how it's done. How is done - by keeping you poor and manipulating the politicians through the use of money and debt. These are not trivial issues and require some work to understand. However, if you want to understand it is worth the effort.

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