wall street

What could be a more perfect chief prosecutor (in Trump's own backyard, no less-- where he committed decades of crimes and where so many of his cronies reside) for Trump than one who has never prosecuted a case?

What are the real economic implications of the coronavirus lockdown? Will the economy, or society ever regain its former footing? 

New York Governor Andrew Cuomo is basking in the popularity of his meticulous Covid-19 news briefings and simultaneously predicting a pandemic-driven $61 billion state deficit over four years. Astonishingly, the Governor electronically rebates an existing tiny stock transfer sales tax back to Wall Street. This stock transfer sales tax, bringing in an estimated 13 to 16 billion dollars a year, would reduce forthcoming budget cuts in health, education, transportation, and other safety nets.

Without trampling through all the historical details, we can designate the entire history of [Americans]—the glorious past so eulogized by our fathers—as the history of shame, for in that history there is more betrayal, apostasy, perfidious intrigue, ignominious defeat, well-deserved failure, base vengeance, merciless retaliation and brutality that no hypocrisy can mask…So let’s forget about the past and old glories, namely let’s leave it be, let’s no longer bring up those shames of the past and the jumbled mendacities considered worthy of praise, it’s more than enough for us ju

Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities.  
When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject to “bail ins” – the funds of their creditors, including their large depositors, would be tapped to cover their bad loans.

Western Liberalism is not only bankrupt: It bankrupts. Nowhere is this clearer than in the hysterical panic with which Republicans and Democrats alike in the United States are printing limitless sums of theoretical money to pump demand into a structurally wildly distorted and dying economic system in utterly futile efforts to fend off a looming super-Depression and world economic crisis.

Originally published on the Strategic Culture Foundation
75 years ago Germany surrendered to allied forces finally ending the ravages of the Second World War.
Today, as the world celebrates the 75th anniversary of this victory, why not think very seriously about finally winning that war once and for all?

The coronavirus pandemic is worlds apart from the financial meltdown of 2008-09. Even so the government’s response was identical in one telltale way. Congress once again gave a special dose of tender loving care to taxpayers who need it the least.

Few Americans realize that the US Federal Reserve Bank has just piled $6 trillion in assets on its ledger. What happens when those assets turn to losses? Remember 2008 subprime mortgage crash? In short: the banking profits are privatized, while their losses are socialized (the people will pay in the end).