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Tag Archives: Wall Street
Leveling the Playing Field of Death
Leveling the Playing Field of Death In April 2015, the Washington DC-based Physicians for Social Responsibility released a landmark study concluding that the death toll from 10 years of the “War on Terror” since the 9/11 attacks is at least 1.3 million, and could be as high as two million. However, Nafeez Ahmed begs to differ, writing that western […]
An economic earthquake is rumbling
An economic earthquake is rumbling While the people sleep, an economic earthquake rumbles underneath. The day that they begin to feel the quake draws near. History will record that in this decade more people will lose more money (forget about the trillions of dollars already lost) than at any time in our history, including during […]
Gerald Celente Is Predicting That A Stock Market Crash Will Happen By The End Of 2015
Gerald Celente Is Predicting That A Stock Market Crash Will Happen By The End Of 2015 Gerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year. If you are not familiar with Gerald Celente, […]
The Canaries Continue To Drop Like Flies
The Canaries Continue To Drop Like Flies One would think as “canary” after “canary” falls silent either sickened with laryngitis, or worse – completely comatose. Those on Wall Street as well as the financial media itself would not only have seen, but heard, many of the warning calls that have been obvious for quite some time. […]
Potemkin Party
Potemkin Party How many of you brooding on the dreadful prospect of Hillary have chanced to survey what remains of Democratic Party (cough cough) leadership in the background of Her Royal Inevitableness? Nothing is the answer. Zip. Nobody. A vacuum. There is no Democratic Party anymore. There are no figures of gravitas anywhere to be […]
The China Syndrome
The China Syndrome Getting Ugly I am sure that you have all been watching the meltdown in the Chinese stock markets. I posted a blog (in the China Ad Nauseam section) on May 6 about the Chinese stock market, finishing up with the statement that “this is going to get really ugly.” It looks like the ugliness is here. I claim […]
When Capitalism Turns to Cannibalism
When Capitalism Turns to Cannibalism With authentic growth scarce, there’s no other way to reap huge profits but cannibalism. When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital is placed at risk to earn a return in a competitive, […]
Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks
Santa Cruz County Votes to Cease Doing Business with Five TBTF Mega Banks This is impressive. Very, very impressive. It appears that Ryan Coonerty, the Supervisor of the Third District of Santa Cruz County, wrote a letter back in June to the rest of the Board of Supervisors, in which he bravely pleaded the county cease business […]
When a Black Swan Flies Over Wall Street’s House of Cards
When a Black Swan Flies Over Wall Street’s House of Cards A black swan is Wall Street lexicon for an unpredicted event. The author of that concept, Nassim Taleb, opines that most of the major moves in stock market history originated as black swan events coming out of nowhere, with a random, stochastic disorderliness that […]
How Fascist Capitalism Functions: The Case of Greece
How Fascist Capitalism Functions: The Case of Greece There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece. Mark Whitehouse at Bloomberg headlined on 27 June 2015, “If Greece Defaults, Europe’s Taxpayers Lose,” and presented […]
U.S. Wealth-Concentration: The Most-Accurate Current Estimates
U.S. Wealth-Concentration: The Most-Accurate Current Estimates CURRENT REALITIES: Wealthiest Tenth (10%) of Americans Own 75% of America; They Draw 40% of All U.S. Income. Wealthiest Hundredth (1%) of Americans Own 43% of America; They Draw 20% of All U.S. Income. Wealthiest Thousandth (0.1%) of Americans Own 22% of America; They Draw 8% of All U.S. Income. Wealthiest Ten-Thousandth (0.01%) Own 11.2% of […]
Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System
Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System The debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses. This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s 73 billion dollar debt […]
Food Security: a Hostage to Wall Street
Food Security: a Hostage to Wall Street Imperialism and the Control of Agriculture In October of last year, World Food Day celebrated ‘Family Farming: Feeding the world, caring for the earth’. According to the UN Food and Agriculture Organization’s website, the family farming theme was chosen to raise the profile of family farming and smallholder […]
Is This Complacency, Idiocy, Or Both?
Is This Complacency, Idiocy, Or Both? If one listens to the financial media mavens give their detailed analysis of late, you would have thought the The Onion™ decided to try its hand at TV and radio. Since last Friday as they anticipated the most recent “jobs” report with bated breath to be announced, into this week that […]
Hidden In Fannie and Freddie
Hidden In Fannie and Freddie With another financial crisis fast approaching the cause of the ‘08 crash hasn’t been settled. Austrians generally line up on the side of the all-powerful Fed having lowering interest rates below what the market would produce, sending capital into malinvestments: In this case, too many subdivisions of houses and other […]
