VOODOO ECONOMICS: The Economy Has Fundamentally Changed In The 21st Century…And Not For The Better – By Charles Hugh Smith

Source – charleshughsmith.blogspot.com – “…Turning everything into a tradable market is not what actually happened. What actually happened is that the new markets were quickly dominated by monopolies and cartels, and previously safe assets were financialized and securitized, in effect strip mining the unwary of their income and assets…The net result is we have an…

MOB RULE: ‘Dirty Money’, How Vancouver Became the World’s ‘Laundromat for Foreign Organized Crime’ – Natalie Obiko Pearson

Source – business.financialpost.com – “…Greater Vancouver has acted as a laundromat for foreign organized crime, including a Mexican cartel, Iranian and Mainland Chinese organized crime,” the German report said. “The region has acquired an unenviable reputation for serving as a site for money laundering, drug trafficking, and capital flight” How Vancouver became the world’s ‘laundromat…

VOODOO ECONOMICS: ‘Prison-Industrial Complex’, How Private Equity Is Turning Public Prisons Into Big Profits – By Tim Requarth

Source – thenation.com – “…In 1998, Angela Davis popularized the term “prison-industrial complex” to describe the sprawling web of commercial and governmental interests in corrections, which seeks to sustain itself regardless of actual need…In recent years, corporations have privatized almost every part of the public prison system. Now, PE firms are swooping in, seeking lavish…

VOODOO ECONOMICS: ‘Legalized Theft’, Financialization & The Company Store Scam – By Chris Martenson

Source – peakprosperity.com – “…Using this ecosystem of legalized theft, then have the various crooks involved monkey the prices of key commodities to levels that — surprise! — leave hardly any breathing room for the farmers, miners, loggers and refiners to live within. Now that the scam has been exposed, the appropriate question to ask…

VOODOO ECONOMICS: ‘Dysfunctional Dynamics’, The Capital Flows of Planned Obsolescence

Source – charleshughsmith.blogspot.com –“…Consider the costs and capital flows of planned obsolescence. The consumer, who once was implicitly assured decades of reliable service from an American-made appliance, now gets an appliance that rarely lasts more than a decade, regardless of the brand or origin….the only profitable model of late-stage state-cartel corporate capitalism: force the consumer…

VOODOO ECONOMICS: Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons – By Whitney Webb

Source – riggedgame.blog – “…This “U.S. coup manual,” recently highlighted by WikiLeaks, serves as a reminder that the so-called “independence” of such financial institutions as The World Bank and IMF is an illusion and that they are among the many “financial weapons” regularly used by the U.S. government to bend countries to its will” Leaked…

AMERIKA: How In 40 Years Americans Shifted From A Sustainable Middle Class To A Perpetual Cycle Of Debt Serfdom (Archive)

Source  – mybudget360.com – “…The biggest scam of the century revolves around the massive growth in debt…Americans have been put into a sleepwalking state where they were drunk on debt induced spending while slowly and surely our manufacturing base was removed from the country…Banks and Wall Street have not cut back and have gone the…

VOODOO ECONOMICS: ‘Overdose’, The Next Financial Crisis Won’t Be Caused by Fraud, This Time Will Be Different – By Charles Hugh Smith

Source – oftwominds.com – “…The brewing financial crisis will be different: the twin sins of extreme levels of debt and extreme overvaluation of assets now characterize corporate bonds, many sovereign bonds, stocks and real estate. Pretty much the only traditional assets that aren’t at nosebleed levels are precious metals and bat guano” The Next Financial…

VOODOO ECONOMICS: ‘Fixed Fight’, The 1% Playbook – By Paul Buchheit

Source  – commondreams.org – “…One of the themes of the superb writing of Henry Giroux is that more and more Americans are becoming “disposable,” recognized as either commodities or criminals by the more fortunate members of society. There seems to be a method to the madness of winner-take-all capitalism. The following steps, whether due to greed or…

AMERIKA: ‘Under The Influence’, 1% Politics & the Scandals of A New Gilded Age – By Rajan Menon

Source – tomdispatch.com – ‘…Vast numbers of lobbyists and eye-popping amounts of lobbying money now are at the heart of the American political system. In 2018 alone, the 50 biggest lobbying outfits, largely representing big companies, business associations, and banks, spent $540 million, and the grand total for lobbying that year alone was $3.4 billion”…

DAS KAPITAL: The 60-Year Trend Of Exploding Money And Imploding Growth – By David Stockman (Archive)

Source  – davidstockmanscontracorner.com – “…In metaphorical terms, the central bank was using a pop-gun during the 1953-1971 era versus a nuclear weapon since the year 2000. Yet not only has the reported trend rate of real growth fallen by 50% since the era of William McChesney Martin, but the periodic economic setbacks (i.e. recessions) were…

DAS KAPITAL: ‘Bait & Switch’, Financing Your Home Without Falling for Fraud

Source – home.solari.com – “…McDonnell Property Analytics’ mission is, and always has been: To Raise the Standard of Truth in Lending Through Auditing, Education and Advocacy…Without meaningful disclosure, consumers cannot make informed credit decisions, which leaves them vulnerable to exploitation” Your Mortgage: Financing Your Home Without Falling for Fraud – By Catherine Austin Fitts &…

CASINO CAPITALISM: Deregulating Banks Fueled Speculation, Not Productive Investment – By Yves Smith

Source – nakedcapitalism.com – “…The financial liberalisation and deregulation of the 1980s saw the gradual removal of credit guidance and credit control policies which were seen to distort the efficient allocation of capital…for the 1973 to 2005 period, for advanced economies, we find that the liberalisation of credit markets and removal of credit guidance is…

VOODOO ECONOMICS: ‘Blood Money’, Meet the Top 20 Companies Profiting From Endless War – By Elias Marat

Source – themindunleashed.com – “…Companies such as Lockheed Martin, which made $44.9 billion in arms sales in 2017, enjoy revenue from the U.S. government alone that totals more than the combined annual budgets of the Internal Revenue Service (IRS) and Environmental Protection Agency (EPA)” Blood Money’, Meet the Top 20 Companies Profiting From Endless War…

REBEL YELL: Poetic Justice For The Aristocracy – By John Rubino

Source – dollarcollapse.com – “…The wave of populism/socialism/proto-fascism that’s sweeping the US and Europe is a direct result of the breathtaking hubris of a ruling class that didn’t know when to quit stealing” Poetic Justice For The Aristocracy – By John Rubino Two points about today’s political economy – and then a prediction involving Illinois:…

CONTROLLED DEMOLITION: ‘The Economic Doom Loop’, Asset Inflation & Demographic Decline – By Chris Hamilton

Source  – econimica.blogspot.com – “…The reason for fast declining birthrates since 2007 in the US and among most nations globally seems to be the current ZIRP and low interest rates and Quantitative Easing programs which have the effect of inflating asset prices” Economic Doom Loop Well Underway  – By Chris Hamilton From 2007 through 2018,…

VOODOO ECONOMIC: ‘Survival of the Richest’, All Are Equal, Except Those Who Aren’t – By Nomi Prins

Source – tomdispatch.com – “…The only thing the majority of Americans possess a greater proportion of than that top 1% is a mountain of debt. The bottom 90% are the lucky owners of about three-quarters of the country’s household debt. Mortgages, auto loans, student loans, and credit-card debt are cumulatively at a record-high $13.5 trillion”…

VOODOO ECONOMICS: The Doomsday Scenario For The Stock And Housing Bubbles – By Charles Hugh Smith

Source – oftwominds.com – “…The poster child of Fed magic is corporate buybacks, which 1) create no goods 2) create no services 3) do nothing to improve real wealth creation, i.e. higher productivity and 4) burden the company with higher debt loads, inhibiting future capital investment in actual productive capacity” The Doomsday Scenario For The…

CORPRO-FASCISM: Engineering War, The US Used to Make Bullets to Fight Wars – Now They Make Wars to Sell Bullets

Source – whatreallyhappened.com  – The US has been at war some 222 years of its 239 year existence, which is 93% of the time. We have the most powerful military in the world, bigger and more powerful than the next 14 countries combined, most of which are our allies. (Graph): Wars are created as a…

COVER-UP: ‘The Third Degree’, Who Got Rich Off the Student Debt Crisis? (Flashback)

Source – revealnews.org – “…Decades ago, the federal government relinquished direct control of the student loan program, opening its bank to corporations concerned with profits, not diplomas. Private equity companies and Wall Street banks seized on the flow of federal loan dollars by peddling loans that students sometimes could not afford and then collecting fees…

VOODOO ECONOMICS: With $500 MILLION, The Red Cross Built a Total of SIX Houses in Earthquake-Ravaged Haiti (Flashback)

Source – rt.com – International NGOs have the potential to be world leaders in the provision of a better world for millions of people, instead they abuse their usually tax-exempt position, breaking promises and leaving people in misery. Earlier this year, 21WIRE reported on the enormous scale of foreign foundation ‘aid’ fraud in Haiti, with…