The Forgotten History of the Financial Crisis (tags)
In the United States between late 2008 and early 2009, 800,000 people were losing their jobs every month. By 2015, over nine million American families would lose their homes to foreclosure—the largest forced population movement in the United States since the Dust Bowl.
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.
AIPAC's Federal Reserve Vice Chairman (tags)
Fed
‘End-game’ conspiracy or business as usual? (tags)
The problem isn’t greedy bankers, the problem is the system that enables the greedy bankers.
Bilderberg Conference Convenes (tags)
anti-war
America's Right-Wing Reinterprets the Crisis (tags)
A state is not a hardware store. It must contract debts in crisis times. Four years after the collapse of the US economy, the republicans send a former investment banker into the race who stands for a policy that got us into the real messThe right-wing was very successful in changing the discourse.
The Crisis, Trust and Homeowners (tags)
Capitalism cannot function any more without credit-financed debt on account of its increasing productivity. The recession will come because the indebtedness-dynamic can hardly be maintained with which the capitalist zombie-economy is kept alive in its pseudo-life.
Critical thinking and cultural shock have the power to turn the world upside down (like Jesus' parables and zen koans). Trivializing structural/systemic economic problems as motivational, psychological, bumps in the road or industrial accidents is a perversion.
We live on credit, shift costs and risks into the future and make possible a prosperity with the help of a policy of cheap money that is paid for by others. An interest-free money system would be a counter model to the growth pressure inherent in the present system.
Ex-Fed Chairman Paul Volcker Criticizes the Federal Reserve (tags)
"Altogether the 81-year old Volcker can hardly see anything good in the development of the financial system over the last 25 years."
BUSH JR & KARL ROVE DID NOT PARDON CRIMINALS PRIOR LEAVING WHITE~HOUSE,THEY PARDONED TARP (tags)
A FREE TOM DeLAY WAS $EEN KI$$ING HI$ TARP BAILOUT BUDDIE$ WALLET$ & YELLING FREE AT LA$T ..FREE AT LA$T...
"Not learning lessons from the bank collapse reproduces or strengthens the dominance of the financial sector. The danger of a repetition of the crisis grows..The political right-wing slanders the health reform project as an `attack on freedom.'"
"We are moving into a world-historical situation where all the points of social, economic and political life will be reset..A revolutionary process is only possible when a radical reform gets going.. A radical redistribution from top to bottom must be fought for.."
Global Crisis: How Much Time do We Have? (tags)
"Rather, what began Monday, September 15, 2008 was the beginning of a terminal and irreversible collapse of the global financial system, which is part of a controlled Model through which other objetives will be achieved."
Former S&L Regulator: Absolutely A Banking Bailout Coverup (tags)
This Bill Moyers interview is going viral so fast, I can’t even keep up with it. And for a very good reason - former S&L regulator Bill Black explains exactly why the current banking bailout is a mistake. Hat-tip to Crooks & Liars for content!
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.
Obama's Latest No Banker Left Behind Scheme (tags)
the looting of America
Dodd and Geithner should resign (tags)
Will Obama Start the Next Trade War? (tags)
While campaigning to be president, Obama gave the general impression that he would act “cooperatively” to solve international problems, moving away from the Bush strategy of irresponsible “unilateralism.” But Obama took an aggressive stance towards China even on the campaign trail, including the accusations of “currency manipulation,” “violating intellectual property rights,” and “devaluing their goods.” Of course, the average American cares nothing about these types of crimes, nor should they.
12/1 Lee Siu Hin: What We Should Expect from President Barak Obama? (tags)
If history can teach us something, the election of Obama and Clinton has many similarities: after the initial excitement we might experience the same disappointment and disillusion like Clinton-era--and even the possibility of Republicans can capitalize the public disappointment to regain the control of Congress at the future elections.....
The economy elected Barack Obama President, and it will make or break his administration. Right now it seems likely to break it, as Obama's announced appointees to staff his government come almost exclusively from the moderate administration of Bill Clinton, thereby assuring the ruling class that "change you can believe in" means "change the rich and powerful won't have to worry about." Without a mass Left movement on the order of the socialists and communists who in the 1930's pushed Franklin Roosevelt to the Left, Obama's Presidency is likely to be yet another suck-up to corporate America and its anti-labor, anti-environment, anti-worker "free trade" agenda.
A reality check.