Banking is an amazing business.It collects interest by loaning money created out of nothing, when it hits hard times it is bailed out with tax dollars, and when it is riding high, it enjoys incredible tax breaks. It loans money to governments, but it's the taxpayers who guarantee repayment and pay the interest.
Everybody does it... except those who don't. Yesterday PhilosophRob, a vegetarian, ran two Open Secrets-based lists of how much money some of the presidential candidates in Congress took from hedge fund managers and from lobbyists so far this cycle. It's easy to talk about cleaning up the corruption in Congress at the root of all the county's problems. But who is willing to walk the walk?
In this video I review and analyze the geopolitical work of former Soviet and U.N. advisor Eric Walberg. I cover his take on 20th century Atlanticism and power blocs, as well as cover actions and black ops. I also critique the weakness of his position from an ambiguous liberal moralism which both affirms universal imperatives while simultaneously critiquing imperialism on the basis of extending ideas universally – apt timing given the death of Bush, Sr.
“Just say thank you, please,” former President Obama told a room full of bankers, and boasted of making the US the…
The post At elite gala with ex-Bush official, Obama implores Wall Street to thank him for making them so much money appeared first on The Grayzone.
With over 800 million people, rural India is arguably the most interesting and complex place on the planet. And yet it is also one of the most neglected in terms of both investment and media coverage. Veteran journalist and founder of the People’s Archive of Rural India P. Sainath argues that the majority of Indians do not count to the nation’s media, which renders up to 75 percent of the population ‘extinct’.
(ZHE) “Fortress balance sheets?”… “It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract… As The Economic Collapse blog’s […]
It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes.
— President Andrew Jackson, Washington, July 10, 1832
NEW YORK — The revelation that the Dow Jones industrial average and the Standard and Poor’s stock index closed at historic highs this past Thursday afternoon reminded me of an early autumn afternoon a dozen years ago in a glorious San Francisco apartment high in the sky.
