VOODOO ECONOMICS: Why The “Atrophied” U.S. Economy Isn’t As Free Or Competitive As You Think

Source – zerohedge.com – “…The Supreme Court even ruled in 2010 that “companies are persons” and “money is speech”. Former representative Mick Mulvaney summed it up in 2018: “If you’re a lobbyist who never gave us money, I didn’t talk to you. If you’re a lobbyist who gave us money, I might talk to you”…

CRONY CAPITALISM: Robert Reich – ‘Billionaires Don’t Actually Like Capitalism’

Source – truthdig.com – “…Capitalism doesn’t work well with monopolies, insider-trading, political payoffs, fraud, and large amounts of inherited wealth…If unearned income were treated the same as earned income under the tax code, America’s non-working rich wouldn’t be billionaires. And if capital gains weren’t eliminated at death, many heirs wouldn’t be, either” Robert Reich: Billionaires…

AMERIKA: Chris Hedges on the Corporate Oligarchic State & ‘Sacrifice Zones’ (Archive)

Source – billmoyers.com – “…It’s the willingness on the part of people who seek personal enrichment to destroy other human beings… And because the mechanisms of governance can no longer control them, there is nothing now within the formal mechanisms of power to stop them from creating essentially a corporate oligarchic state” Chris Hedges on…

COVER-UP: ‘Greed & Debt’, The True Story of Mitt Romney & Bain Capital (Archive)

Source – rollingstone.com – “…Mitt Romney, it turns out, is the perfect frontman for Wall Street’s greed revolution. He’s not a two-bit, shifty-eyed huckster like Lloyd Blankfein. He’s not a sighing, eye-rolling, arrogant jerkwad like Jamie Dimon. But Mitt believes the same things those guys believe: He’s been right with them on the front lines…

VOODOO ECONOMICS: How Billionaires Become Billionaires – By Prof. James Petras

Source – globalresearch.ca – “…Inequality is not a result of ‘technology’ and ‘education’- contemporary euphemisms for the ruling class cult of superiority – as liberals and conservative economists and journalists like to claim. Inequalities are a result of low wages, based on big profits, financial swindles, multi-trillion dollar public handouts and multi-billion-dollar tax evasion. The…

VOODOO ECONOMICS: It’s No Coincidence The Century Of Total War Coincided With The Century Of Central Banking

Source – mises.org – “…Ron Paul…has also been so insistent that the twin phenomena of war and central banking are linked. “It is no coincidence,” Dr. Paul said, “that the century of total war coincided with the century of central banking…If every American taxpayer had to submit an extra five or ten thousand dollars to…

U.S.S.A: ‘MAGA’, Resurrecting The American Economy – By Dimitry Orlov (Archive)

Source – cluborlov.blogspot.com – ‘…China’s stunning success primarily has to do with its superior economic planning and social governance. Call it Stalinism 2.0. …When it comes to managing the economy, Stalinism, and especially Stalinism 2.0—its modern, Chinese version—was and is a stunning success. Fundamentally, it is a recipe for building socialism using capitalist (mainly state-capitalist)…

HIGH CRIMES: Wall Street Was America’s First Foe in World War II – By Matt Stoller

Source – foreignpolicy.com – “…The task for the White House and the populists in Congress was to take this private government apart and construct a democratic one. That meant …replacing the rule of banks with competitive regulated market…It meant recapturing the ability to print money and control the economy. It meant breaking apart and replacing…

DAS KAPITAL: ‘Blowback’, Burn, Neoliberalism, Burn – By Pepe Escobar

Source – strategic-culture.org – “…What still remains absolutely off limits for the guardians of the current world-system is to really investigate hardcore neoliberalism as the root cause of wealth hyper-concentration and social inequality. It’s not enough to offer Band-Aids anymore. The streets of South America are alight. Blowback is now in full effect” Burn, Neoliberalism,…

CASINO CAPITALISM: ‘The Fourth Turning’, Underestimating ‘Them’ & Overestimating ‘Us’ – By Jim Quinn

Source – hedgeaccordingly.com – “…I clearly underestimated the illegal lengths Bernanke and his fellow puppets would go to in order to save their Wall Street owners and corporate, political and media parasites reliant upon the ongoing Ponzi debt scheme being sustained…I will also no longer overestimate the ability of the American populace to see through…

VOODOO ECONOMICS: ‘Homeless In Seattle’, The High-Tech Housing High-Wire (Part 1)

Source – unz.com – “…Big Tech is permitted to petition The State for permission to import The World at a price heavily subsidized by the disenfranchised American taxpayer. Through government immigration policies, a ceaseless demand for housing has been generated. How can such an artificial market—designed to sate the global corporation’s insatiable lust for high-tech…

VOODOO ECONOMICS: ‘Private Profits, Socialized Losses’, What’s Holding Up the Market? – By Charles Hugh Smith

Source – oftwominds.com – “…The primary prop under stock valuations are corporate buybacks, which total in the trillions of dollars since the 2008-09 Global Financial Meltdown and the Fed’s “rescue of the rich,” which continues to this day. Rather than risk capital in productive investments, U.S. corporations have borrowed trillions of dollars and used the…

VOODOO ECONOMICS: Goldman Sachs Asks in Biotech Research Report – ‘Is Curing Patients a Sustainable Business Model?’

Source – naturalnews.com – “…The success of its hepatitis C franchise has gradually exhausted the available pool of treatable patients,” the analyst wrote. “In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients, thus the incident pool also…

VOODOO ECONOMICS: ‘Attention Shoppers’, The Lifestyle You Ordered is Currently Out of Stock

Source – charleshughsmith.blogspot.com – “…Soaring taxes, decaying services, declining business, rising insecurity and stubbornly high costs all feed on each other…Each of these dynamics reinforce the others…And that’s how pricey urban meccas turn into ghost towns” Could Pricey Urban Meccas become Crime-Ridden Ghost Towns? – By Charles Hugh Smith As the exodus gathers momentum, all…

VOODOO ECONOMICS: ‘America’s Corporate Monopoly’, These Three Firms Own Corporate America

Source – theconversation.com – “…Together, BlackRock, Vanguard and State Street have nearly US$11 trillion in assets under management. That’s more than all sovereign wealth funds combined and over three times the global hedge fund industry….the Big Three, taken together, have become the largest shareholder in 40% of all publicly listed firms in the United States”…

COVER-UP: The Fed Is Offering $100 Billion a Day in Emergency Loans to Unnamed Banks and Congress Is Not Curious Enough to Hold a Hearing?

Source – riggedgame.blog – “…The Federal Reserve Bank of New York first initiated its emergency overnight loans to Wall Street this year on Tuesday, September 17…But after the demand for the first 14-day loan was more than double the $30 billion offered, the New York Fed boosted the next term loans to $60 billion and…

THE MEDIA MONOPOLY: Financial Propaganda Spikes Always Precede Financial Crises

Source – zerohedge.com – “..The point of no return was already surpassed when Central Bankers decided to respond to the 2008 global financial crisis with the creation of endless amounts of dollars, euros and yen, and that there could be no “losing control” when the entire Central Banker strategy was built upon destruction of all…

VOODOO ECONOMICS: Climate and the Money Trail – By F. William Engdahl

Source – williamengdahl.com – “…The very mega-corporations and mega-billionaires behind the globalization of the world economy over recent decades, whose pursuit of shareholder value and cost reduction who have wreaked so much damage to our environment…are the leading backers of the “grass roots” decarbonization movement from Sweden to Germany to the USA and beyond. Is…

VOODOO ECONOMICS: Who’s Responsible for the Ecocide in the Amazon? – By Yves Smith

Source – nakedcapitalism.com – “…The rate of deforestation in the Ecuadorian Amazon is reaching approximately 0.7% annually, while in Brazil it is only around 0.2%. So, the idea that only Bolsonaro is destroying the Amazon is obviously a hasty and simplistic one. Clearly, the problem with the depredation of the Amazon and, in general, of…

VOODOO ECONOMICS: ‘QE, Monetization’, Just Symptoms. What Of The Disease? – By Chris Hamilton

Source – econimica.blogspot.com – “…When population growth among the consumer nations has turned to population decline, the consumers of 75% of total global energy (and likewise global exports) are turning to ZIRP, NIRP, and unrepayable debt loads to maintain an unreal, synthetically achieved rate of growth…the weaker the basis of economic activity, the greater the…