Up“We simply use the computer to mark up the size of the account.” ~ Ben Bernanke Congress has all the firepower it needs. It just needs to send spending instructions to the Federal Reserve, as it always does. Markets Go Berserk as Fed Just Starts Printing More Money Vice-president Dick Cheney famously boasted, “Reagan proved … Continue reading Just Use ‘the Computer’ at the Fed to Give People More Money
https://youtu.be/04E8Y8nDfRQ by Nomi Prins edited by O Society March 14, 2020 Whether you’re invested in the stock market or not, you’ve likely noticed it’s on a roller coaster lately. The White House and most of the D.C. Beltway crowd tend to equate the performance of the stock market with the broader economy. To Donald Trump’s extreme … Continue reading A Global Dr. Frankenstein at Work: the Virus, the Fed, and Inequality
by Ralph Nader edited by O Society May 12, 2019 For all the rhetoric and all the charities regarding America’s children, the U.S. stands at the very bottom of western nations and some other countries as well, in terms of youth well-being. The U.S.’s exceptionalism is clearest in its cruelty to children. The U.S. has … Continue reading The Contented Classes: When Will They Rebel?
by Patricia Cohen NYTimes edited by O Society April 9, 2019 The package of eccentric ideas known as modern monetary theory — for example, that annual deficits are too small, and that the United States can essentially print money to pay off its debt — has been on the receiving end of a remarkable level … Continue reading Modern Monetary Theory is used by Wall Street to Take Advantage of Groupthink
Musical intro: When My Train Pulls In by Gary Clark Jr https://youtu.be/2XITBuWNROk by Nomi Prins TomDispatch Feb 26, 2019 Like a gilded coating that makes the dullest things glitter, today’s thin veneer of political populism sparsely covers a grotesque underbelly of growing inequality hiding in plain sight. And this phenomenon of ever more concentrated wealth and … Continue reading Survival of the Richest: All Are Equal, Except Those Who Aren’t
A close look at the fights it picks and the fights it avoids. by David Roberts Vox Feb 7, 2019 Markey and Ocasio-Cortez hold a news conference to unveil their Green New Deal resolution. Alex Wong/Getty Images And for now, to share a few initial impressions after reading through the short document a few times: What a … Continue reading There’s now an official Green New Deal. Here’s what’s in it.
Richard Feloni interviews Anand Giridharadas Business Insider Feb. 1, 2019 Anand Giridharadas is an author and professor whose book "Winners Take All" is a scathing critique of the way elites treat philanthropy. He said Western elites have cloaked themselves in "changing the world" to protect their interests and reduce the efficacy of democratic change. He's critical of … Continue reading The plane(t) has been hijacked by billionaires, and we’re all passengers
by NOMI PRINS Le Monde Diplomatique FEBRUARY 1, 2019 A major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to get booted out … Continue reading Wall Street, Banks, and Angry Citizens
You can download and read the book A Brief History of Neoliberalism here as a PDF. Below is a series of videos by the books' author as a primer on the most important topic of our age, which practically no one has heard of nor understands: Neoliberalism https://youtu.be/D-YO5EROH-I ON CONTACT: A History of Neoliberalism, Part I … Continue reading A History of Neoliberalism: Chris Hedges, David Harvey, and Michael Hudson
The end really is near: a play-by-play of the coming economic collapse Steve Keen is a Professor of Economics at Kingston University with a focus on analyzing capitalism as a monetary system What will happen: I expect a boom before a slump, and a pretty messy economic performance overall. And I expect a small downturn … Continue reading The Science of Predicting the Next Financial Crisis