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.
Trumponomics and Wall Street Rejoices (tags)
Economics should be a part of life, not a steamroller crushing creativity and self-determination. The state should serve the public interest and reduce poverty. Trumponomics is a disaster. The poor, seniors, children and students are under a vicious attack.
TTIP: Trifling Economic Advantages at the Cost of Democracy and the Public Interest (tags)
TTIP represents a crisis for democracy and the constitutional state. Richard Trumka of the AFL-CIO describes the TTIP as “secret tribunals” where only “foreign investors” can sue. Frank Bsirske of the German Verdi service union said the TTIP is a “black box” transferring sovereignty.
AIPAC's Federal Reserve Vice Chairman (tags)
Fed
Fed
Cancellation of Illegitmate Debts Instead of Bailout Umbrellas for Financiers (tags)
The inflation of public indebtedness was an essential element for the enhanced power of financial capital. That inflation was a result of a conscious under-financing of the state and is a lever to enforce an austerity policy. Financialization intensified the pressure to precariousness.
Full Core Meltdown in Japan? (tags)
nuclear disaster
ARE STOLEN TARP BAILOUT $$ MAKING THEIR WAY INTO MEG WHITMANS MEDIA BUYS IN CALIRORNIA ? (tags)
AMERICAN TAXPAYERS HAVE HAD TENS OF BILLION$ STOLEN FROM OUR AMERICAN PIGGY BANK VIA THE GEORGE BUSH ~ KARL ROVE TARP BAILOUT PONZI SCHEME.
Leopards Can’t Change Their Spots, Nor Can Capitalists (tags)
Despite all the rhetoric, nothing much has changed and the fundamental contradictions of the system remain. The only solution is to rid ourselves of it.
Investments of the state in the infrastructure, in educational- and social services, are urgently necessary. One positive aspect of the crisis is that the financial sector has begun to shrivel. The shriveling of the financial sector must be accompanied and controlled by the state.
"Like the Fall of the Wall" (Joseph Stiglitz) (tags)
The mixture of low interests, excessive liquidity and lax oversight on money institutes led to the financial crisis. National indebtedness rose two-thirds in only eight years. The govt should immediately begin investing in the infrastructure, education and other projects.
Paulson go out. Truth about "unbelievable" big 2008 crash (tags)
Barack Obama: "No necesitamos sólo un plan para Wall Street. Hay que incorporar medidas de salvación para miles de ciudadanos" que están perdiendo sus casas y sus ahorros, declaró Obama. "Tampoco podemos cometer el error de que el dinero de los contribuyentes sea usado para corregir malas decisiones" ////////////////////// “Durante un par de años, el capital desafió a la ley del valor, inflando su valor más allá de su capacidad de reproducción real, pero la ley del valor se ha cobrado la afrenta a un precio enorme. Ha quedado de manifiesto que la ganancia capitalista es un objetivo muy estrecho para desenvolver productivamente la riqueza social acumulada. La crisis mundial plantea la reorganización social general sobre nuevas bases” ////////////////////////////////// euroimmersion.com: La crisis no es culpa de las “subprime” o hipotecas ninha. La crisis tampoco es culpa de la codicia de unos banqueros. La crisis no se supera con una “regulación” sino con un cambio radical y con nuevos paradigmas que abandonen las trampas y falsedades neoliberales de la Escuela de Chicago por otras más acordes con la sociedad del conocimiento en que tenemos que avanzar. La actual crisis obliga a revisar el modelo entero y a decir la verdad: la globalización no ha producido nada de crecimiento ni bienestar para nadie ha sido un modelo fracasado y de muy corto alcance histórico pero a la vez ha permitido el robo y la concentración de poder y dinero como nunca antes en la historia de la humanidad en una casta dirigente parásita que no ha aportado nada a la sociedad. Crash 2008: la mayor estafa bancaria, bursátil y económica de la historia. Los datos más importantes. Paulson go out. All the truth about this "unbelievable" big 2008 crash
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
"For the richestg 1%, the Reagan tax cuts were pure elixer.. Reagan's budgets slashed social spending. Domestic discretionary spending was the special target.. Hardest hit were programs for low-income Americans.."
Tax Cuts and Class Warfare (tags)
An argument against the beneficial results of tax cuts for the wealthy and trickle-down economics.