Source – unz.com – “…The result of today’s alliance of the Finance, Insurance and Real Estate (FIRE) sector with natural resource and infrastructure monopolies has been to reverse that the 20th century’s reforms promoting progressive taxation of wealth and income. Industrial capitalism in the West has been detoured along the road to rent-extracting privatization, austerity…
Source – lrb.co.uk – “…Solved. For many decades. That was the climate of intellectual overconfidence in which the crisis began. It’s been said that the four most expensive words in the world are: ‘This time it’s different.’ After the Fall – By John Lanchester It’s a decade and a bit since the global financial crisis…
Source – oftwominds.com – “…How’s the economy doing? It depends on which class you’re in. The Protected Class is doing just fine, the class with access to cheap credit and participation in asset bubbles has never had it so good, while the Unprotected Class faces a bleak future of lower real wages, rising costs of…
Source – seekingalpha.com – “…The surplus dollars no longer being recycled into Treasuries is akin to a cessation of the North Atlantic current…without the flow, the organic system has broken down” The Metamorphasis Of America Into A Quasi Centrally Controlled Economy – By Chris Hamilton I’ll make the case that there are no longer any organic net buyers of US Treasury debt……
Source – yesmagazine.org – “…The U.S. is better at subsidizing wealthy people than low-income people” Why Normal People Can’t Afford a House- By Tracy Matsue Loeffelholz & Chris Winters http://www.yesmagazine.org/issues/affordable-housing/infographic-why-normal-people-cant-afford-a-house-20180604
Source – bibliotecapleyades.net – “…The Federal Reserve Cartel is a brief well-documented history of the Eight Families who control the world’s private central banks and most of the planet’s resources” The Federal Reserve Cartel – By Dean Henderson Part 1 – The Eight Families The Four Horsemen of Banking, Bank of America JP Morgan Chase Citigroup…
Source – thesaker.is – “…The news is that cryptos are cash. Crypto currency wallets can now seamlessly exchange any cryptocurrency into any other one with the push of a button or turn a crypto currency back into a fiat currency via an exchange. These wallets can be used to trade on crypto currency markets; to…
Source – oftwominds.com – “…The Neoliberal Agenda trumpets “free trade” because “free trade” is a cover for “free capital flows.” Once capital is free to flow from central-bank fueled global corporations, no domestic bidder can outbid foreign mobile capital, as those closest to the central bank credit spigots can borrow essentially unlimited sums at near-zero…
Source – thesaker.is – “…The post-Soviet collapse in the 1990s was not a failure of Marxism, but of the anti-socialist ideology that is plunging Western economies under domination by the Finance, Insurance and Real Estate (FIRE) sector’s symbiosis of the three forms of rent extraction: land and natural resource rent, monopoly rent, and interest (financial…
Source –theamericanconservative.com – “…As befits these engines of global capitalism, these cities and their inhabitants are pulling away with growing momentum from their native countries and cultures. Untethered from their localities, they are being transformed into an archipelago of analogous islands….this process represents a divide between the cosmopolitans and the provincials…The wealth, dynamism, and consequent…
Source – oftwominds.com – “…“Money” is only useful if it is a means to acquire real wealth, which is the agency, opportunity and time to pursue your life’s work. There are many people who can spend $600,000 a year on various things (i.e. their “lifestyle”) who don’t feel “wealthy”–and if they don’t have agency and time…
Source – hendersonlefthook.wordpress.com – “…Populism prevailed and Jackson was re-elected. In 1835 he was the target of the first assassination attempt on a US President. The gunman was Richard Lawrence, who confessed that he was, “in touch with the powers in Europe”. [839] Still, in 1836 Jackson refused to renew the BUS charter. Under his…
Source – dailyreckoning.com – “…In 1933 President Franklin Roosevelt ordered an increase in the gold price from $20.67 per ounce to $35.00 per ounce, nearly a 75% rise in the dollar price of gold…He did this to break the deflation of the Great Depression, and it worked. The economy grew strongly from 1934-36″: The Golden…
Source – zerohedge.com – “..Venezuela’s decision comes at a time when other countries (namely Russia and China) are already finding ways to avoid using the U.S. dollar…History shows us that currency domination does not last forever. Are we seeing the cracks in the latest global currency reserve system?”: Oil Rich Venezuela Stops Accepting Dollars President Maduro…
Source – rt.com – “…But the holy of the holies – and it’s never enough to stress it – is what I call the Triple Win triad of the future: oil-yuan-gold. This is one of the prime outcomes of a strategy the BRICS have been discussing, behind closed doors, at their summits since the previous…
Source – silverdoctors.com – “…Since 1973, OPEC oil has been quoted and traded using to U.S. dollars, otherwise known as “petrodollars.” The “recycling” of petrodollars into U.S. Treasuries has been the life-blood of the U.S. economic and political system. In addition to reducing a major source of funding for the the U.S. Government’s enormous deficit…
Source -stuartjeannebramhall.com – “…The researchers also assumed basic income would solve a demand problem in the economy — i.e., a lack of people spending their money to buy things. “Fundamentally, the larger the size of the UBI, the larger the increase in aggregate demand and thus the larger the resulting economy is,” they wrote”: Basic…
Source – gizadeathstar.com – “…The speculation has occasionally been aired that China could, if it chose, suddenly dump all those dollars and securities…Such actions would achieve the nightmare scenario many have talked about over the years, but do so in a way to China’s economic and geopolitical advantage, rendering countries that have been sucked dry…
Source – yesmagazine.org – “…We can refuse to accept the pervasive, but false, claims that money is wealth and a growing GDP improves the lives of all”: (How to Break the Power of Money – By David Korten) Our current political chaos has a simple explanation. The economic system is driving environmental collapse, economic desperation,…
Source – theorganiceconomy.ca – “…The present usury or interest based financial system is based upon infinite growth which means infinite inflation. This as we know means the cost of everything keeps rising due to that inflation. We wonder today how our children will ever be able to afford their own house and that is because…
Source – wakingtimes.com – “…“The Vatican comprises two separate administrations, the City-State and the Holy See. The Vatican City-State, a 108.7-acre enclave within the city of Rome — the last remnant of the once powerful Papal States — is thriving financially. Its government provides municipal services for the world’s smallest sovereign nation. The City-State also…
Source – yesmagazine.org – “…Both of these entail a fundamental change in the way money is created. Positive money refers to money created directly without debt by the government, which can be given directly to debtors for debt repayment or used to purchase debts from creditors and then cancel them. Negative-interest currency (which I describe…
Source – theantimedia.org – “…Since cryptocurrencies allow people to keep all of their money, this is a big problem for the lawmakers. Soon, people may even start to realize they can buy, sell, and trade freely without any government intervention. The horror”: The Feds Are Terrified Of Cryptocurrencies… But They’re Powerless To Stop Them The federal government…
Source – charleshughsmith.blogspot.ca – “…When the Empire of Finance collapses under the weight of its debt, perverse incentives, exploitation and inequality, the financial system of every nation-state within the Empire of Finance will collapse, too. Being the hegemon within the collapsing system won’t protect the hegemon from collapse. Every nation-state that has submitted to the Empire…
Source – globalresearch.ca – “…The US needs to also restructure its economy to one that is based on production. It can no longer continue to run a debt-serviced economy that imports all goods it doesn’t produce. It’s unsustainable, and the continuous mistake of many. The wealth of the world is shifting eastwards”: Petrodollar Faces Growing…
Source – norberthaering.de – “… The tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use…
Source – ellenbrown.com – “…A government oppressed by “sovereign” debt is not really sovereign. A sovereign government has the power to issue money and need not go into debt at all. But EU member governments have lost that sovereign power. They are unable to issue their own money or borrow money issued by their own…
Source – stuartjeannebramhall.com – “…The email identifies French President Nicholas Sarkozy as leading the attack on Libya with five specific purposes in mind: to obtain Libyan oil, ensure French influence in the region, increase Sarkozy’s reputation domestically, assert French military power, and to prevent Gaddafi’s influence in what is considered “Francophone Africa”: Hillary Emails Reveal…
Source – corbettreport.com – ‘…The theory that the bankers were behind the JFK assassination. The theory holds that JFK was trying to end the Fed by creating debt-free, silver-backed money through Executive Order 11110…this theory is not just wrong, it is the complete opposite of reality”: G. Edward Griffin Debunks the JFK/Fed Myth If you follow…
Source – nakedcapitalism.com – ‘…We have empirically observed that wage increases not only do not increase unemployment, but they also serve as a catalyst for economic growth and towards social equity. The US economy has plenty of needs that can be fulfilled by giving well-paying jobs to its unemployed. The $15/hour wage is not only…
Source – mises.org – “…The fall in the money stock that precedes price deflation and an economic slump is actually triggered by the previous loose monetary policies of the central bank and not the liquidation of debt…The un-backed credit in turn leads to the reshuffling of real savings from wealth generators to non-wealth generators. This…
Source – sovereignman.com – “…We now regularly witness government shutdowns, debt ceiling crises, and gross government incompetence. But this is just the beginning. The national debt is growing far faster than the economy as a whole. And, especially if interest rates continue to rise, the trend will accelerate – It’s simple arithmeti”:. The Final Show…
Source – dailyreckoning.com – “…If Saudi begins accepting yuan for oil, all bets are off on the petrodollar. Yuan-for-oil will entirely change the monetary dynamics of global energy flows. I expect the U.S. dollar to weaken severely when that news breaks…Ignore away. But we could wake up one morning in the midst of a massive…
Source – sovereignman.com – “…The most disruptive technologies of our modern time: cryptocurrency. Cryptocurrency is today’s printing press– a truly game-changing technology that the ruling elite sees as a threat to their control. This is why there have been so many ridiculous rules and tax policies that disincentivize cryptocurrency ownership– the technology is too disruptive”:…
Source – charleshughsmith.blogspot.ca – “…The debt-asset bubble supernova consumes all the available fuel and implodes. I’ve employed the supernova analogy for many years, as it captures the expansion of debt and asset valuations and the resulting collapse once all the fuel in the system (i.e. earnings and real collateral) has been consumed”: Will the Crazy Global…
