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Tag Archives: bailouts
The Aftershocks of the Economic Collapse Are Still Being Felt
The Aftershocks of the Economic Collapse Are Still Being Felt The Real Confrontation Is Yet To Come There has been a spate of articles recently on the ten year anniversary of the financial collapse. We wrote about this anniversary two weeks ago, describing the cause of the collapse and the reasons why we are still at risk for another […]
The Bank Bailout of 2008 was Unnecessa
The Bank Bailout of 2008 was Unnecessary Photo Source Xavier | CC BY 2.0 This week marked 10 years since the harrowing descent into the financial crisis — when the huge investment bank Lehman Bros. went into bankruptcy, with the country’s largest insurer, AIG, about to follow. No one was sure which financial institution might […]
The Bailouts for the Rich Are Why America Is So Screwed Right Now
The Bailouts for the Rich Are Why America Is So Screwed Right Now Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all. These guys got off pretty easy. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images) In 1948, the architect of the post-war American suburb, […]
The Coming Banking Crisis & The End of Bailouts
The Coming Banking Crisis & The End of Bailouts Behind the curtain, there is a growing concern about a serious banking crisis beginning once again in Europe. Many governments are talking about the crisis behind-the-curtain and we are now beginning to see steps that are being taken to end the TO-BIG-TO-FAIL policies that dominated the […]
Banks Are Evil
Barandash Karandashich/Shutterstock Banks Are Evil It’s time to get painfully honest about this I don’t talk to my classmates from business school anymore, many of whom went to work in the financial industry. Why? Because, through the lens we use here at PeakProsperity.com to look at the world, I’ve increasingly come to see the financial […]
Control What You Can
Control What You Can Our society does not make it easy to control what you can control. One of the aphorisms to live by here at Of Two Minds is control what you can.We don’t control the erosion of our money from inflation, the state’s vast criminalization machinery, the nation’s foreign policies or the central bank’s free money for […]
The Big-Oil Bailouts Begin
The Big-Oil Bailouts Begin The hundred-billion-dollar question. Despite a bounce this week, low oil prices continue to sow fear, uncertainty, and mayhem across the emerging market complex. On Wednesday, it was leaked that the IMF and World Bank would dispatch a team to oil and gas-dependent Azerbaijan to negotiatea possible $4 billion emergency loan package in […]
America Disregarded 4,000 Years of History In Responding to the Great Recession
America Disregarded 4,000 Years of History In Responding to the Great Recession We’ve known for over 4,000 years that debts need to be periodically written down, or the entire economy will collapse. After all, debt grows exponentially … while economies only grow in an s-curve. The ancient Sumerians and Babylonians, the early Jews and Christians, the Founding Fathers of […]
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 […]
Government: Looking Into the Future to Prevent it From Happening
Government: Looking Into the Future to Prevent it From Happening Fantastic Progress We ended last week wondering what had gone wrong: How come the 21st century has turned out to be such a dud? Where are the jaw-dropping new inventions? Where are the rising incomes? Where is the dynamic, sizzling economy we expected? Back in […]
BREAKING BAD (DEBT) – EPISODE TWO
BREAKING BAD (DEBT) – EPISODE TWO ‘If you’re committed enough, you can make any story work. I once told a woman I was Kevin Costner, and it worked because I believed it’ – Saul Goodman – Breaking Bad “As calamitous as the sub-prime blowup seems, it is only the beginning. The credit bubble spawned abuses throughout the system. […]
Nomi Prins: The Sinister Evolution Of Our Modern Banking System Because we’re all about those banks, ’bout those banks…
Nomi Prins: The Sinister Evolution Of Our Modern Banking System Because we’re all about those banks, ’bout those banks… I quit Wall Street and decided that it was time to talk more about what was going on inside it, as it had changed. It had become far more sinister and far more dangerous. ~ Nomi […]
Anti-austerity Syriza sweeps Greece parliamentary poll
Anti-austerity Syriza sweeps Greece parliamentary poll Party’s leader Alexis Tsipras, who wants to renegotiate EU and IMF bailout terms, set to become next prime minister. Syriza, a radical left party, has swept to power in Greece promising to end years of painful austerity policies, in an election victory that puts the country on a collision course […]
Oh, Greece!
Oh, Greece! Greece’s bailout program is not working. After receiving hundreds of billions of Euros in new loans to stave off a sovereign default, Greeks are on the verge of electing a new government that may throw Eurozone politics into turmoil. From the outset, this was always going to be a tricky one for European […]
