As long as the markets go up, the investing class has no interest in truth or consequences… Read More What Keeps Them Up At Night
Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all.… Read More The Bailouts for the Rich Are Why America Is So Screwed Right Now
The United States today qualifies as a plutocracy – on a number of grounds, and it is having a profound impact on the media, education and think tanks–indeed on the whole of society.… Read More Plutocracy Now!
“It’s hard to see this as anything other than Canada getting played.”… Read More “Canada Just Got Played”: How Mexico Stabbed Canada In The Back
The question is not if but when.… Read More These 5 Trump Policies Are Leading Us Toward Economic Chaos
A high-risk blinking contest no one wants to lose… Read More “Cliff Edge” Brexit Threatens $34 Trillion of Derivative Contracts: UK Regulator
At a time of mounting uncertainty in Europe, the country has defied critics who insisted on austerity as the answer to the Continent’s economic and financial crisis… Read More Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.
His Toxic Mix: destruction of the lira and a mountain of foreign-currency debt… Read More As Erdogan Cements His Hold Over Turkey’s Economy, Global Investors Begin to Panic
Facts and reality are meaningless when the madness of crowds, built on delusions of debt, and a financial system engineered by banker psychopaths, keeps the bubble growing to heights not thought possible by rational thinking people… Read More A Nation Built on Lies
Payback time for the financial sector that was bailed out by taxpayers, the new government thinks. … Read More Banks Squeal as Spain’s New Government Threatens to Do Unthinkable: Raise Taxes on Their Profits
It’s a decade and a bit since the global financial crisis (GFC) began. For the people inside the system that caused this long decade of misery, there’s been little or no change. For everyone else, it’s been a decade of misery.… Read More After the Fall
All in all, these new systems will benefit the large and the unethical at the cost of the small and nimble… Read More The EU’s Latest Copyright Proposal Is So Bad, It Even Outlaws Creative Commons Licenses