Banks/Banking

Can Jill Carry Bernie’s Baton?

Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate, with donations to her campaign exploding nearly 1000% after he endorsed Hillary Clinton. Stein salutes Sanders for the progressive populist movement he began and says it is up to her to carry the baton. Can she do it? Critics say her radical policies will not hold up to scrutiny. But supporters say they are just the medicine the economy needs.

Denmark: Rogue State

“Do I live in a rogue state?” Mette Fugl’s column was headlined in Politiken, June 4, 2016.
Mette Fugl is a major name in Danish Establishment journalism. She worked for the largest broadcast media, Denmark’s Radio (DR), for nearly 40 years, mainly as foreign correspondent. Many view her as a prima donna in mainstream journalism. So it has special meaning that she implies that her traditionally harmless, cozy country has become unprincipled, a swindler state.
Fugl outlines recent political and legal developments that warrant the “rogue” characterization:

Japan’s “Helicopter Money” Play

Fifteen years after embarking on its largely ineffective quantitative easing program, Japan appears poised to try the form recommended by Ben Bernanke in his notorious “helicopter money” speech in 2002. The Japanese test case could finally resolve a longstanding dispute between monetarists and money reformers over the economic effects of government-issued money.

Iceland is Where Bankers Go to Jail

“Whenever I speak as head of state, I speak about peace. I will say it as often and as long as necessary,” the straight-talking President Vigdis Finnbogadöttir told me.
It was the winter of 1980, shortly after she won the presidency, the first female in the world to win a democratic presidential election.
“Think what we could do with the money that goes into militarism! I am a premeditated pacifist. Wars and armies are absurd things. We have no army, no militarism. We are a peaceful, independent people,” asserted the charismatic president.

Thoughts on Money and Debt as Seen from Main Street

We suspected it was a scam all along.  The whole money and debt thing.  I mean, how much sense does it make for any government to hand over money creation to a group of private individuals who then lend it back to their own government and earn interest (in other words, do nothing other than collect a kind of rent) on something that, more or less, doesn’t even exist?  Dire Straits got it right about the “Money for nothin’ ” thing.

Oligarchs, Bankers, and Swindlers

Amid raging corruption, social pathologies and outright political thuggery, a new gang of vassal regimes has taken-over Latin America. The new rulers are strictly recruited as the protégé’s of US financial and banking institutions. Hence the financial press refers to them as the “new managers” – of Wall Street.
The US financial media has once again provided a political cover for the vilest crimes committed by the ‘new managers’ as they launch their offensive against labor and in favor of the foreign and domestic financiers.

Private Banks: Creating Money Out of Thin Air

In his book The Joy of Tax: How a Fair Tax System Can Create a Better Society, Richard Murphy, UK Tax Justice Network co-founder, offers a radically pioneering approach to tax and fiscal policy.  Murphy is one of the first economists to link tax policy to the 400- year-old reality that nearly all money is created by private banks out of thin air.

America’s Corpocracy: Conspiracy Theory or Conspiracy Reality?

I was prompted to write this article when a twitter contact of mine wondered whether some of my writings about the corpocracy amounted to a conspiracy theory.  Having been a behavioral scientist most of my adult life I know a thing or two about what’s theory and what’s not.  I don’t know how anyone, scientist or lay person, could mistake the corpocracy for a theory. I doubt if any readers of articles published in the alternative news media would confuse the two. Nevertheless, I want to tell you what I have learned over the years.