Global Economic Losses Since Dawn of Pandemic Hit $3.3 Trillion (tags)
Since 2020, the global economy lost $3.3 trillion. The loss affected the most vulnerable countries hardest noted International Monetary Fund chief Kristalina Georgieva.
IMF Speaks: World Economy Loses $3.7 Trillion Due to Pandemic and Economic Shocks (tags)
As World Leaders Head to Morocco, IMF Leader Raises Growth and Debt Challenges
Austerity's Hidden Purpose & From California Economics to Bidenomics (tags)
For governments pursuing austerity, spending cuts mean lower national income and fewer taxes. Unlike a household or a business, if the government cuts its spending during tough times, it is cutting its revenues, too.
US billionaires got $1 trillion richer during Corona (tags)
A recent study by the Institute for Policy Studies determined that the 647 billionaires in the USA have been able to increase their assets by $960 billion since the beginning of the corona crisis in mid-March by the cut-off date of November 17.
Is Capitalism Out of Order? (tags)
Growing debt is actually not a big problem in a growing economy as long as it does not grow faster than the gross domestic product (GDP). The debt mountain of the capitalist world system is growing much faster than the world economic output.
The Cure is the Sickness: Washington Consensus (tags)
Reality could replace the elite economic myths!
26 Ways Trump Has Increased The National Debt By 4 to 5 Trillion Dollars (tags)
The corporate media boycott of Kevin De Leon, abolitionists of the death penalty, animal rights activists, vegans, and antiwar experts, There is a little more discussion about Trump's savaging of our national treasury.
22 Ways Trump Has Increased US Deficit By 4 to 5 Trillion Dollars (tags)
Despite cutting money for the health of hundreds of millions of Americans, education, bridges, mass transit, environmental enforcement, etc Trump has added trillions to the deficit.
Banks Enriched By Trump Deficit Increase Of 4 to 5 Trillion $ (tags)
The Trump regime under the guise of cutting government costs has increased them. Between 4 and 5 trillion dollars in costs have been added to the deficit enriching Chinese, Swiss, Japanese, British and American banksters.
Market Euphoria: The Mother of All Ponzi Schemes (tags)
markets
Eliminating currency speculation would be simple. The big central banks, the American Fed, the Bank of England, the European Central Bank and the Japanese Central Bank...$5.3 trillion whirl through the world daily seeking lucrative currency bets.
Bracing for An Eventual Day of Reckoning (tags)
markets
"You can no more win a war than you can win an earthquake" (Jeanette Rankin). "Every war has two losers" (William Stafford). "You can make fish soup out of an aquarium but can't make an aquarium out of fish soup" (Polish proverb).
Washington Brinksmanship Resolution (tags)
class war
Heiner Flassbeck on the US Budget Conflict (tags)
The current ceiling of $16.7 trillion will be reached on October 17. If the political camps cannot agree on a new upper limit, the largest economy of the world will be insolvent – with possibly disastrous consequences for the world economy. This October 2013 interview is translated from German
The United States of Inequality (tags)
class war
Quantitative Crisis: Bernanke’s “Stimulus” For The 1% (tags)
When I heard that Federal Reserve Chairman Ben Bernanke told Congress last week that it was too soon for the Fed to end its extraordinary stimulus programs, I did a double take.
The Tiger And The Dragon: 28 Things China Can Learn From India (tags)
Abolition of capital punishment, nonviolent diet, human rights, protection of primates, noncensorship and other things China can learn from India
Lanza and Holmes Fathers Both Linked to LIBOR/FICO Scandal (tags)
The fathers of both Adam Lanza and James Holmes were both potential whistleblowers in the LIBOR/FICO scandal. Following the shootings committed by their sons, neither father will testify. This is the classic MK ULTRA scenario of mind controlled puppets distracting the public from real issues of upcoming economic collapse. The psychology of MK ULTRA is a low budget CIA tactic to disarm the people of the U.S. following controlled shootings by overmedicated individuals.
Speculators trade in two weeks what the world makes in a year (tags)
The gargantuan size of the financial industry gives its largest players the power to dictate to the world’s governments.
Grand Bargain Betrayal Coming (tags)
class war
MARKETWATCH REPOSTS BANKSTER LAWSUIT STORY AFTER NEWS EXEC'S CHILDREN MURDERED (tags)
Marketwatch bravely reposts $43 trillion racketeering lawsuit story after CNBC takes it down
Portland, Oregon Prepares for Pre-Election Anti-Austerity Protest (tags)
On November 3rd Portland community and labor groups will declare “enough is enough” by organizing a first for the U.S. — a large demonstration against government austerity cuts.
Trillions Stashed in Tax Havens (tags)
grand theft
class war
Libor Scandal Reflects a Cesspool of Financial Fraud (tags)
fraud
Republican Paul Ryan's Budget: Cruel and Unusual Punishment (tags)
class war
Grim Holiday Season Tidings (tags)
class war
At Risk Eurozone Sovereign Credit Ratings (tags)
Eurozone
Coming: Big Austerity Cuts (tags)
class war
Eurozone Doomsayer Got it Right (tags)
economy
War: The Wrong Jobs Program (tags)
Kicking the Cannes Down the Road (tags)
economy
economy
Obama's Budget Deal: Neoliberal March in the US (tags)
What should be the state's role in the future? What values and priorities should be set in a time when public resources become scarcer under the pressure of state indebtedness? Less state, less support for the unemployed, poor and sick occurs along with a free ride for billionaires and big corporations.
The US, the Debt Superpower (tags)
The state bailout of these gigantic real estate institutes, banks and insurances and the enormous economic package to get the crisis-weakened economy on its feet again is one of the essential causes of the present debt crisis. In two decades, $5.5 trillion was spent on a dozen wars.
Problems In the US Economy (tags)
We can propel our economy out of recession and quite easily. It is unfortunate all the doom and gloom in the media about the greatest economy ever created in the history of mankind. The US economy will soon surpass 20 Trillion Dollars per year,
Bipartisan Debt Deal Betrayal (tags)
class war
Debts and a New Beginning (tags)
Problems don't disappear when they are ignored. Through deregulation, the law of profit maximization and government failure, the financial sector was expanded and made independent of the real economy. 14 million jobs could be created through the Internet.
The Fix Is In: Washington's Planned Social Contract Destruction (tags)
economy
BTL:Obama Adopts GOP Agenda, Offers Deep Cuts in Social Safety Net Programs to Get Debt Ce (tags)
Interview with Richard Eskow, senior fellow with Campaign for America's Future, conducted by Scott Harris
A Decade of US War Costs (tags)
anti-war
The Business of America Is War (tags)
anti-war
Republican Plan to End, Social Security, Medicare and Medicaid (tags)
ending vital rights
The real American economy (tags)
9 TRILLION Dollars Missing from Federal Reserve,Fed Inspector General Can't Explain.
50 million starving in USA; Corporate Profit Records Broken (tags)
While the capitalist class promotes its second celebration of genocide of Native Americans, the other being Columbus Genocide Day, with its orgy of eating food that is mass produced in a manner that is harmful to the food source and the consumer, 50 million Americans face hunger.
Growing Poverty in America (tags)
exponentially rising numbers
America Facing Depression and Bankruptcy (tags)
The worst is yet to come
Restore Financial Sanity (tags)
Restore Financial Sanity and the People's Wealth
What “Jobless Recovery” Means in Capitalism (tags)
The phrase “jobless recovery” entered the capitalist lexicon in 2002. But since then nobody want to be associated with these phrase. Although a lot of economist tried to use this term as a byword. Still noboy want to own up to this infamous phrase. The term “jobless recovery “ had been associated with the terms of momentary statistical growth and corporate profits on books of accounts and in the stock market rather than in terms of production, employment and improvement of the people's living conditions.
Deficit Hysteria: Wrongheaded in Times of Depression (tags)
proposed policies are wrecking economies
BTL:U.S. Spending on Wars in Iraq and Afghanistan Exceeds $1 Trillion (tags)
BETWEEN THE LINES Syndicated Radio Newsmagazine
The "Houdini Recovery" under IMF-Type Austerity (tags)
the recovery is the big lie
Good News!
Obamacare Targets Entitlements (tags)
the plan is to make America Guatemala
The five trillion that the "debt" has swallowed (tags)
Look, five trillion reais equals 35 times the total sales of Brazilian automobile industry in 2008, with exports, including to this also results for the agricultural machinery.
Requião: brazilian safe step forward (tags)
For those people who dream and advocate a more radical solution, I let my suggestion: read "The five trillion that the "debt" have swallowed" and coolly examine the implementation of the budget over the past fifteen years.
Risk Development and Dollar Inflation (tags)
Two articles by emeritus professor Elmar Altvater reveal the contradictions of credit or bubble prosperity in the counter-revolution of capital. As work cannot define us, competitiveness and profit maximization do not define the human experience Speculation could bring a new feudalism..
The crisis calls for system alternatives and redistribution from top to bottom. Will the financial crisis encourage the transition to a new social order? A certain mix of good functioning markets and a strong welfare state leads to the best results.
Disarm the Markets! New Attac Basis Text (tags)
The therapy depends on the diagnosis. Mechanisms, instruments and actors can be identified whose action and teamwork led to the crash. The age of a unipolar world was very short. An historical chance is opening against finance capitalism.
Obama's Latest No Banker Left Behind Scheme (tags)
the looting of America
U.S. Socialists: Obamanomics offers little hope for working people (tags)
Considering the track record of the government bailouts to save the “free market,” socialists believe an additional $2 trillion will not ease up credit markets and will do little to ease the on-going national economic crisis. Congress has presently invested more than $2 trillion since February 2008 to free up the credit markets; however, the credit markets remain as frozen as Antarctica.
Overstrained Capitalism (tags)
Neoliberalism has driven the world into the greatest disaster since Hitler and Stalin. With Ronald Reagan, a president entered the White House who constantly proclaimed the state in the end was something bad.
Systemic Failure: Capitalism "Lays an Egg" (tags)
deepening economic crisis
Tarp Stimulus Banker Johns Save by Writing Off Kristin Davis Hookers (tags)
Some things never change.
A New Administration, Tired Old Policies (tags)
Counterproductive policies heading America for depression
Democrat Obama Cutting Social Security, Medicare, Medicaid (tags)
Before he even takes office, the ruling class' selected president, Democrat Barack Obama, announced his plans to cut Social Security, Medicarre and Medicaid. He did not say anything about cutting US aid to Israel, which receives $15 million a day from US taxpayers to murder Palestinians and steal Palestinian land and gas fields because he is 100% pro-Israel.
World and US Situation, 2008 (tags)
For more than two years, we revolutionaries had observed the impending total unravelling and complete discredit of the "free market" pretense of monopoly capitalism and the full bankruptcy of the policy of "neoliberal globalization." But the leaders of the US and other imperialist countries and the puppet states were always lying and boasting about the so-called strong fundamentals of their economies. Only recently have they been compelled by the circumstances to admit that the US and global capitalist system are beset by the worst economic and financial crisis since the Great Depression.
The Bailout Intensifies (tags)
Even through its muffled language, it was obvious that the typically non-alarmist New York Times was having trouble digesting the latest government announcements. On November 26, the Treasury and Fed revealed it would spend 800 billion more tax dollars towards new “lending” programs. That day, the Times concluded that the government was “sending a message that they will print as much money as needed to revive the crippled banking system.”[!] Later in the article we learn that “the government has assumed at least $7 trillion [!!] in direct and indirect financial obligations in the form of Wall Street bailouts, emergency lending and government guarantees on bank deposits, inter-bank loans and home mortgages.” The term “blank check” doesn’t begin to describe the vast amounts being tossed about.
The deepening economic crisis.
Financial Market Capitalism: Neoliberalis become State Socialists (tags)
Neoliberalism is neither new nor liberal. All freedom is demanded for capital, even though human dependence is intensified and human existences destroyed. The state becomes a functionary for neoliberal concepts. The debts of Fannie/Freddie are added to the nine trillion.
Growing financial crisis.
Deforestation Costs More than Financial Crisis (tags)
It is a steep bill. Our shrinking forests cost us up to $5 trillion a year -- far more than the current banking crisis. Environmentalists hope the sobering calculation, made by a European Union commissioned team, will focus political will on funding conservation.
The United States of America Claims Bankruptcy! (tags)
After taking on more than 14 trillion in Federal debt, the housing market in the United States dropped 40%, and the United States was burdened with another 10 trillion dollars in mortgage debt. The FED’s spending did not stop there, another 2 trillion was spent bailing out companies and banks. US treasuries faltered and failed as global wealth funds dumped the dollar. FANTASY? Economic Fascism and The United States
The Fleecing of America (tags)
Public and private looting.
Congress Please Don’t Do It (tags)
Bottom line the middle class was already on the decline and should this bailout be implemented the middle class as we know it will disappear and after all the dust settles and everything is said and done, it boils down to the rich will get richer and the poor will get poorer and the poor is who pays.
The US military occupation of Iraq cannot be won militarily and cannot be paid for. The military occupation was sold as a cheap war that would only help the US and the world: more security and a lower price of oil. Empire and double standards bring only nihilism and distrust.
Peak Oil - True or False (tags)
Both sides of the peak oil argument.
Oh, That Trillion Dollar Financial Bubble, It’s Leaking! (tags)
It’s here! Author Charles R. Morris calls it: “The greatest credit bubble in history!” He insists that the “writedowns and defaults” of credit devices will “come out about $1 trillion.” Problem: President George W. Bush, Jr. is in denial about the crisis. Like that amiable dunce, President Ronald Reagan, he contributed to this horrible mess by turning the country over to the Vulture Capitalists and also by launching the Iraq War with its price tag of $3 trillion!
Nationa debt now at $9 trillion - your share is $30,000 (tags)
The national debt is now at $9 trillion. That means each and every one of the 300 million people in the USA owes $30,000 toward that debt. But if you include the other debt each person in the USA owes four times that or $120,000 toward the national debt
Stock Market Meltdown - First Signs of Global Economic Rout
$2.9 trillion US budget for 2008 - Thats $9,666 for every man, woman, and child in the USA (tags)
Wow! $2.9 trillion for the 2008 budget. Hmmmm thats $9,666 for every man, woman and child in the USA. And since children don't pay taxes thats about $19,332 for every adult in the USA. Which means that mythical family of 4 will pay $38,664 in taxes.
Arab Port Deal Distorted for Political Gain (tags)
Recently, 8,600 U.S. companies have been taken over by foreign ownership, while 20 percent of all U.S. assets are held by foreigners. The politicians were silent. Now, a United Arab Emirates’ enterprise will soon be operating stevedoring companies in six U.S. ports, including Baltimore’s. Its Mayor, Martin O’Malley, almost broke a blood vessel complaining. However, he didn’t say a word while the preceding British outfit was doing the work. Go figure!
War's Stunning Price Tag (tags)
The final bill will be much higher than previously reckoned - between $1 trillion and $2 trillion.
Bush budget assailed as ‘war’ on people (tags)
The 2006 budget Bush sent to Capitol Hill Feb. 7 ratchets up military spending 5 percent, to $419 billion from $400 billion in the current budget.
George W.'s Hidden Secret (tags)
The Future of Hydrogen Energy
"A Subtle Form of Hypocrisy" (tags)
Between 1980 and 2003, $1.8 trillion in interests alone flowed from the South to the North. The heavy debts of developing countries more than tripled in this time period.
A Spark Forum on the U.S. Health Care Crisis (tags)
Spark Forum and Discussion
Hard Landing of the Dollar (tags)
The decline of the US dollar signals the economic weakness of the superpower and the structural crisis of capitalism. Since 1985 the US has become heavily indebted fo foreign countries. This foreign indebtedness amounts to 35 percent of the GDP.
Social Security Tax Hike Feared (tags)
Bush official predicts 50% jump with no revamp. YOU JOB, YOUR LIVLIHOOD...ALL FUCKED !
The Phony Social Security Crisis (tags)
Bush's Phony Social Security Crisis Gains National Attention!
L.A.'s Social Security Now- Update (tags)
Stop The Privatization Of Social Security!
RECORDS FALL UNDER BUSH: THE BIG PICTURE (tags)
The U.S. Dept. of Commerce projects a record $631 billion annual trade deficit for 2004.
Our $8 Trillion Headache (tags)
Since taking office, George W. Bush taking has taken the national debt (in decline thanks to four years of surpluses) on an upwards trajectory -- and now he needs a $690 billion. Grand total? $8 TRILLION!
How Will Bush Deal With the Deficits? Connecting the Dots to Iraq (tags)
Bush administration's perpetual war and attendant defecit spending responsible for illusory economic prolificacy.
BOHICA bend over, here it comes again. (tags)
So baby, how does it feel NOW?
A New Interactive Web Site Hits You in the Face Over the Enron-Style Looting of the US Treasury and What It Means to You Personally A Political Reality Check for California's Political Circus
In The Kingdom Of Forgetting (tags)
Memory can be an embarrassing thing. In politics, it's often more convenient to forget. The classic illustration of this idea was Orwell's dystopian Ministry of Truth, where functionaries fed any inconvenient bit of information down the memory hole -- "whereupon it would be whirled away on a current of warm air."
Pentagon loses $1 Trillion (tags)
Audit reveals that Pentagon cannot account for $1 trillion.
pictures you will NEVER see on US TV (tags)
The Right-wing junta is creating another cycle of hate against America, built on a war justified by a massive pile of lies. Thanks Dubya.
US reached debt limit, unemployment rampant (tags)
US national debt nears $6.4 TRILLION limit, so the US Treasury Dept. asks for higher debt ceiling for the Fed Govt; U.S. Economy in Worst Hiring Slump in 20 Years...
There is no shame in seeking treatment for mental illness... what's holding Bush back?
GOVERNMENT HAS$60 TRILLION EXCESS MONEY (tags)
The government has $60 TRILLION hidden from our view.
Top Reagan Official Unmasks Ten Myths In Support of Higher Military Spending (tags)
Lawrence Korb, assistant secretary of defense in the Reagan administration, criticizes key underlying assumptions of Gore & Bush military policy -- FROM THE LEFT! From TomPaine.com