Source – rt.com “…As the US runs out of concrete resources to sell, bankers have had to get clever – whether this means repackaging assets already sold six times over….By the time Americans realized that the promised ‘trickle-down’ theory of neoliberal economics was in fact more of a speedy trickle-up…Blackstone became notorious for slurping up…
Source – realclearpolitics.com “…Monetizing political connections is standard practice in Washington, where politicians and senior bureaucrats move seamlessly from their government positions to K Street lobbying. Gone are the days when retired members of Congress or presidential aides returned home after stints in government. Too much money is floating around the Swamp for the taking.…
Source – oftwominds.com “…When you turn an asset class into a casino of speculators and financiers playing with Fed-spewed “free money,” you’re not dealing with shelter, you’re dealing with gambling chips….You may recall that $300 billion of designed-to-default subprime mortgage pools almost took down America’s entire financial system and with that teetering, the entire global…
Source – consortiumnews.com “…Cuba has already planned to export its vaccines to countries around the world and has now produced five vaccine candidates, including Soberana 02 and the needle-free intranasal vaccine, Mambisa. The latter, which holds great promise for vaccine administration in low-resource countries, is named after guerrilla soldiers who fought in the Ten Year War (1868-1878)…
Source – internationalman.com “…Speculating has a bad name because it’s essentially a zero-sum game. It’s not about creating wealth but taking advantage of manias, panics, and general stupidity. But that doesn’t mean it isn’t a good thing. Speculators transfer wealth from those who have bad judgment to those who have good judgment, from bad capital…
Source – brucewilds.blogspot.com “…Please consider the possibility the important adjustments the economy must make are lagging far behind our current “financial culture” or that the economy has evolved in a way that simply no longer works. Much of this has yet to become apparent to the masses and is masked by institutions papering over problems….things like…
Source – economicprism.com “…How is it that the economy grew for nearly a decade straight, but the average worker saw no meaningful increase in their income? Did workers really sprint in place this entire time? How did they end up in this ridiculous situation?…The fact is, for the American worker, America’s brand of a centrally planned economy…
Source – oftwominds.com “…Capitalism’s primary dynamics are reserved solely for the powerless: market price of money, capital’s exploitive potential, free-for-all competition and creative destruction. The powerful, on the other hand, bask in the warm glow of socialism: The Federal Reserve protects them from the market cost of money–financiers and the super-wealthy get their money for…
Source – childrenshealthdefense.org “…Hoge is one of more than 40 new billionaires who made 10-figure fortunes with companies involved in the “battle against COVID‘….Moderna’s COVID vaccine is funded almost entirely by U.S. taxpayers. Through its partnership with the U.S. government, Moderna received nearly $1 billion for research and development of its mRNA vaccine, and up…
Source – otherwords.org “…There’s no labor shortage — there’s a wage shortage. More fundamentally, there’s a fairness shortage. It was not lost on restaurant workers, for example, that while millions of them were jobless last year, their corporate CEOs were grabbing millions, buying yachts, and living large. Yet more than half of laid-off restaurant workers couldn’t even…
Source – strategic-culture.org “…We are told by the likes of Klaus Schwab, or World Economic Forum trustees Mark Carney, Christine Lagarde, and Chrystia Freeland that the age of free market capitalism which reined from 1971-2020 has come to an end, and that a new epoch of “green finance” under a decarbonizing world is upon us.…
Source – statnews.com “…The analysis of the drug industry’s spending on congressional races accompanies a separate examination of pharmaceutical companies’ donations to members of state legislatures. State campaign finance laws vary, and in some cases corporations can make direct contributions to lawmakers. In Washington, however, it is illegal for corporations to donate to candidates. As…
Source – betterdwelling.com “…The Vancouver Model mixes legal and illicit cash, such as that from fentanyl sales. The pooled money is then used to buy high-end real estate, funded by capital flight and casino high rollers. The real estate is then used as a sort of deposit, helping to feed the insatiable need for luxury…
Source – renegadeinc.com “…Gertten argues that generations have been displaced by an incomprehensible corporate monster, which is transforming where they live into a “financial circus.” In what Nicholas Shaxson terms a “finance curse”, tax haven-based multinationals are buying up huge swaths of prime urban real estate for money laundering and investment purposes in neighbourhoods like…
Source – economicprism.com “…Take Mickey’s Fine Malt Liquor. It’s almost as destructive as doctor prescribed pain killers. Yet people chug down Big Mouths as if their lives depend on it. Or consider central banking. Has any other single idea extracted more wealth from the lowly wage earner? The Federal Reserve’s backdoor taxation program has snookered…
Source – lewrockwell.com “…Those who know what this pandemic is really all about – insurance actuaries. It’s about balancing the accounting books. It is why progressive globalists tell us we need a reset – a financial reset. It’s really all about private bankers and life insurance companies and public pension planners having to balance their…
Source – endoftheamericandream.com “…There is no question that large corporations absolutely dominate our society today…Tens of millions of Americans make a living by serving these colossal firms, and at this point some of the biggest corporations are larger than many small countries. But of course the corporations aren’t the top of the food chain. They…
Source – scheerpost.com “…Global capitalists have turned back the clock to the early days of the Industrial Revolution. The working class is increasingly bereft of rights, blocked from forming unions, paid starvation wages, subject to wage theft, under constant surveillance, fired for minor infractions, exposed to dangerous carcinogens, forced to work overtime, given punishing quotas…
Source – oftwominds.com “…The era of stability has ended and a new era of increasingly chaotic volatility has begun is not on anyone’s radar as a possibility..increasingly chaotic volatility will be the new normal, as wild swings between inflation and deflation will increase in amplitude and ferocity as the system destabilizes. Increasingly chaotic volatility is…
Source – davidstockmanscontracorner.com “…Yes, there is a reason why the crypto asset class is flying skyward just like more conventional assets: Namely, the real economy can’t possibly absorb the central banks’ torrent of liquidity. So it never leaves the canyons of Wall Street and the other global financial markets with which it is full integrated…
Source – internationalman.com “…How is it that no matter how much more money I make, I never seem to get ahead?”…In effect, the individual is used by the banking system as a milk cow. For his entire working life, inflation is carefully adjusted to extract as much monetary value from his labours as possible, whilst…
Source – geopolitics.co “…The propaganda related to debt is very powerful. Most people have been conditioned to believe that we all have a moral obligation to repay debts.(21) The idea that debts are a powerful mechanism for controlling or exploiting others is rarely discussed….In business, it is accepted that debts can be written off. Lenders…
Source – usawatchdog.com “…Economist John Williams, founder of ShadowStats.com, says the Federal Reserve has painted itself into such a tight corner with the economy it really has only two choices. Williams says it comes down to “Inflation or Implosion” “The Fed Has Lost Control” – John Williams Warns Of Hyperinflation In 2022 Economist John Williams,…
Source – lewrockwell.com “…This is what is happening now in this fake Covid fraud, which is leading to a reset and complete restructuring of all monetary systems. Make no mistake about it; this is about power and control, and it should be understood that without control over the money, control over the people is not…
Source – ellenbrown.com “…Varoufakis calls our current economic scheme “postcapitalism” and “techno-feudalism.” As in the medieval feudal model, assets are owned by the few. He notes that the stock market and the businesses in it are essentially owned by three companies – the giant exchange-traded funds BlackRock, Vanguard, and State Street. Under the highly controversial…
Source – northmantrader.com “…But the lid just got blown off the false narratives that have been propagated by central bankers from Powell on down with his now infamous claim that “Fed policies absolutely don’t add to inequality“. Of course QE adds to inequality. Even the Bank of Canada just sheepishly admitted it. But the real…
Source – zerohedge.com “…Bretton Woods 1 and 2 only worked because the US was there to mop demand up. That is no longer the case, politically. Covid-19 has only underlined the political desire for change. This means more than just slogans. Any true new Bretton Woods would logically need to include capital controls, like the…
Source – oftwominds.com “…Whether anyone in the halls of power cares to notice or not, a mass withdrawal from the workforce is underway. What’s remarkable about this swelling exodus is that it isn’t confined to one class of workers: low-wage workers are jumping ship en masse, but so are mid-level white-collar workers and well-paid but…
Source – oftwominds.com “…Easy money is an essential fuel in the bubble rocket. With money this easy to borrow and leverage, it’s a slam-dunk that the bubble can keep expanding until some far distant time that’s so remote we don’t have to worry about it, because we’ll all sell at the top and be out…
Where Did All Those “Capitalist Pigs” Go? – By Pat Buchanan Source – buchanan.org “…Politically, China remains under an ever-tightening Communist rule….Yet, of greater interest, and import, is that the China of the new Great Helmsman, Xi Jinping, a one-party Communist dictatorship, coexists with hundreds of Chinese billionaires. What would Marx, Lenin, Stalin or the…
Source – doomberg.substack.com “…For those of us in the gold/hard money/real asset/Austrian school of economics, the ultimate doom porn is Adam Fergusson’s seminal book on the hyperinflation experienced in Germany after World War I, When Money Dies. Unlike most of you, I’ve only read it three times” Every DOGE Has Its Day “Speculation on the stock exchange…
Source – morningporridge.com “…This time, political instability looks possible across the whole Western economy – with inflation simply being a spark to ignite the fire…It increasingly feels the politics of the west is tumbling into a deep black hole. It’s happening at a time of increasing concern about what future geopolitical fault-lines will mean for…
Source – zerohedge.com “…Who knew that just one week later BofA would need a bigger chart… a much bigger chart. As BofA’s Savita Subramanian writes, after the third week of earnings. mentions of “inflation” have now quadrupled YoY; and after last week, mentions have jumped nearly 800% YoY” BofA: “Transitory Hyperinflation Ahead” Last week, when…
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