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…
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…
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…
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…
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…
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…
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…
Source – epsilontheory.com – “…Financialization is a global phenomenon. In China, it’s transmitted through the real estate market. In the US, it’s transmitted through the stock market. Financialization is the zombiefication of an economy and the oligarchification of a society” This is Water – By Ben Hunt There are these two young fish swimming along…
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…
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…
Source – economicprism.com – ‘…Over issuance of dollars by the Fed, and the forced use of legal tender, have replaced real money with fake money. The fake money’s still called dollars. The One Dollar bill says it is One Dollar. Yet it’s really just $0.04. The other $0.96 has been confiscated by the Fed for…
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”…
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…
Source – riggedgame.blog – “…If the average American knew that the very same banks that blew up the U.S. economy just a decade ago were warning in their own 10K legal filings that the same thing could happen again at any moment, there would be mobs with pitchforks in the street” Derivatives Could Blow Up…
Source – oftwominds.com – “…The necessity of neutering the majority politically, socially and economically manifests in two destructive ways: young people who opt out (or are frozen out) of the failed status quo do not mate and have children, do not buy houses, new cars, etc. This sets off a demographic time bomb that guarantees…
Source – silverdoctors.com – “..In episode 3 of ‘Mafiacracy Now’, we lay out the 3 biggest lies sold to the public in oder to get the $700 billion Troubled Asset Relief Program (TARP) passed on October 3, 2008. The lies beg one very huge and unanswered question that remains very much pertinent to this day:…
Source – cluborlov.blogspot.com – “…The Pentagon now resembles a woman who has a closet jam-packed with expensive designer labels but has absolutely nothing to wear because her entire wardrobe is no longer fashionable. There is the entire set of aircraft carriers none of which can operate close enough to enemy shores to be of any…
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 &…
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…
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…
Source – wolfstreet.com – “…This house didn’t get bigger or better or more opulent. It just got older. What has changed in a major way is the purchasing power of the Canadian dollar with regards to assets, particularly with regards to homes: This purchasing power has plunged. And what you’re seeing here are the effects…
Source – oftwominds.com – “..The only way to enable debt-serfs to service their debts is to give them free money, i.e. Universal Basic Income (UBI). Don’t kid yourself that the proponents of UBI are wunnerful folks just trying to be generous; the only purpose of UBI is to enable debt-serfs to keep servicing their debts…
Source – economicprism.com – “…Stealing someone else’s property and then reducing the spoils valued at $33,000 to a payout of about $30 is a remarkable achievement. Mele’s Coin Star transaction delivered a loss of over 99.9 percent. But he’s not alone…The Federal Reserve, in concert with the U.S. Treasury, has been part of an extensive…
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:…
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,…
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”…
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…
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…
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…
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…
