Economy

(HuffingtonPost) – The Iraq and Afghanistan Wars Mutilated Our Economy

$1,000,000,000,000.00 – As of today, that’s how much we’ve spent just in direct costs so far on the stupid wars in Iraq and Afghanistan. Read More Here

(Bloomberg) – Video: Pento Sees `Double-Dip Recession’ in U.S

Michael Pento, chief economist at Delta Global Advisors, talks with Bloomberg’s Margaret Brennan about the outlook for the U.S. economy and investment strategy. Pento says the Federal Reserve is keeping interest rates artificially low and that he sees a “double-dip recession.” Video Link Here

(ComingDepression) – Venezuelan inflation rate hits 30 percent; South American currency planned

“That’s an incredible surge,” Adrian Aguirre, an economist at Caracas-based Bancaribe SA, said in a telephone interview. “The fact that food prices rose by more than 11 percent is something we’ve never seen in the last decade.” Read More Here

(ComingDepression) – The PIIGS are dying: Spain following Greece

“Europe’s top job-creator only two years ago, Spain now has the region’s highest unemployment rate, at just over 20 percent, and is the slowest of the major economies to emerge from the global recession. Meanwhile, the ratings agency dealt a blow to state efforts to shore up confidence in its finances by cutting the country’s rating one notch from AAA to AA plus” Read More Here

(TheComingDepression.net) – New Jersey, Florida, California, Illinois canaries in coalmine

“We [Miami] are not the only city, municipality to be going through this. It looks like Los Angeles sometime next week or the week after will be going bankrupt. It looks like there will be 30 more cities following suit.” New Jersey Governor Chris Christie said the state is “careening our way toward becoming Greece” and can’t afford the cost of benefits and pensions for current workers. Read More Here

(RollingStone) – Wall Street’s War – Matt Taibi

Congress looked serious about finance reform – until America’s biggest banks unleashed an army of 2,000 paid lobbyists Read More Here

(RawStory) – US House votes quadrupling of per-barrel oil tax

The US House of Representatives on Friday voted to more than quadruple a per-barrel oil tax that fills a special trust fund to pay for damages from major spills like the Gulf of Mexico disaster. Read More Here

(NeithercorpPress) – Warning Signs Of Full Spectrum Collapse Are Everywhere

The sovereign debt crisis in Greece and many other European nations has, at least for the moment, open a gap in the wash of financial disinformation that has prevailed in the mainstream media for the past year. Read More Here

(Reuters) – Geithner offers China vow of greater fiscal discipline – Read More Here

(DailyBell) – EU Spins Out of Control

Euro under new pressure after Spain’s debt rating is downgraded … Markets set to fall after ratings agency Fitch strips Spain of AAA score … French debt rating also threatened, says budget minister Francois Baroin Read More Here

(SafeHaven) – The Looming Financial Holocaust – Is Closer Than We Thought ..

We had expected the broad stockmarket and the resource sector to stabilize and start to recover last week and they did, and while we are likely to see further recovery in the days and perhaps weeks ahead, there have been some ominous developments in the recent past that we would be most unwise to ignore. Read More Here

(MarketOracle) – Gold and Silver Bull Market Progress Report – Read More Here

(MineSet) – The Same Big Fat Greek Problems are Coming to America

We would all like to think the U.S. will not suffer the same problems as Greece. I am talking about drastic spending cuts to just about everything. Read More Here

(Bloomberg) – U.S. Inflation to Approach Zimbabwe Level, Faber Says (Update2)

The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office Read More Here

(ExpressCoUK) – RBS REJECTS PROTESTS OVER £1BN BONUS PAYOUT

ROYAL Bank of Scotland will ignore protests and award up to £1 billion in bonuses to its staff next month. The bank will pay out a combined total of between £950 million and £1 billion. Read More Here

(BusinessInsider) – Top German Bankers See Plot To Funnel Bailout Money To French Banks

From the beginning, it’s been clear that the bailout of Greece would be a bailout in large part of French banks, owing in part to the fact that French banks had the biggest exposure.

Yet apparently some top German bankers are alarmed at how things are playing out. Read More Here

(EconomicCollapseBlog) – The U.S. Economic Collapse Top 20 Countdown

So just how bad is the U.S. economy?  Well, the truth is that sometimes it is hard to put into words.  We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world’s greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind.  We have taken the greatest free enterprise economy that was ever created and have turned it into a gigantic house of cards delicately balanced on a never-ending spiral of paper money and debt.  For decades, all of this paper money and debt has enabled us to enjoy the greatest party in the history of the world, but now the bills are coming due and the party is nearly over.

In fact, things are already so bad that you can pick almost every number and find a corresponding statistic that shows just how bad the economy is getting.

You doubt it?

Well, check this out…. Continue reading

Economy

(Reuters) – SEC order helps maintain AIG bailout mystery – Read More Here

(OpenSecrets) – Hedge Fund Manager in Goldman Sachs Fraud Case is a Major Donor to Both Democrats and Republicans

A New York investor named John A. Paulson is at the heart of the fraud lawsuit filed today by the Securities and Exchange Commission against Goldman Sachs. Read More Here

(CNSNews) – Video: Rep. King – ‘I’m For Abolishing the IRS and the Fed. I. Tax

Rep. Steve King (R-Iowa) said he supports “abolishing” the Internal Revenue Service (IRS) and the federal income tax code. He made his remarks at a pre-tax-day event on Capitol Hill with other Republicans and several conservative activists. Video Link Here

(BBC) – IMF proposes two big new bank taxes to fund bail-outs – Read More Here

(RussiaToday) – Video: Goldman Sachs Fraud Charge – Bonuses for Buttons – View Video Here

(Telegraph) – New speed cameras trap motorists from space

A new type of speed cameras which can use satellites to measure average speed over long distances are being tested in Britain. Read More Here

(WashingtonExaminer) – Is Goldman Obama’s Enron? No, it’s worse

Campaign contributions from Goldman Sachs employees to President Obama are nearly seven times as much as President Bush received from Enron workers, according to numbers on OpenSecrets.org. Read More Here

(AUNews) – Europes air industry at risk of implosion, warns Emirates boss Tim Clark

EUROPE’S aviation industry could face an “implosion” if the volcanic ash cloud grounds flights indefinitely, the president of Emirates airline warned. Read More Here

(CMNNews) – Tier 5 Unemployment Benefits Extension 2010 – A Desired Lifeline for Long Term Unemployed

The Tier 5 benefits extension has yet to be passed, as a political game of back and forth in Washington has ensued. Not only are citizens concerned about the future of their families during this tough time, but many are at the end of their ropes. Read More Here

(Bloomberg) – IMF Says Government Debt Poses Biggest Risk to Growth

The International Monetary Fund cautioned that rising government debt has replaced financial industry stress as the biggest threat to the global economy and cut its estimate for asset writedowns by 19 percent. Read More Here

(DailyCaller) – Regulatory reform debate obscures key fact: Everybody’s getting money from Wall Street

In the often-confusing debate on financial regulatory reform, there are many assertions and accusations but few facts. Yet here are two: Washington is awash in Wall Street money, and both Republicans and Democrats are recipients. Read More Here

(DailyMarkets) – Is America’s Economic Recovery On The Whole Based On A Rotten Sham?

The economic “recovery” we are now witnessing is based on theft, greed and deceit. It’s a giant rip-off, a rotten sham. In this sleazy imitation of a free market economy, liars, cheats and deadbeats are the ones getting rewarded. Read More Here

(RevoltofthePlebs) – Goldman Sachs Eats Its Young

This should be a lesson to all those young, aggressive, upwardly mobile Wall Street wannabes who think they are somehow going to fast track their way into the stratosphere of high finance. Read More Here

(Reuters) – US will act if China does not revalue yuan-lawmaker

A U.S. House of Representatives committee chairman on Monday warned the United States will take action if China does not begin steps in coming months to raise the value of its currency. Read More Here

(BusinessWeek) – Obama’s Former White House Counsel Craig Advising Goldman Sachs

Gregory Craig, President Barack Obama’s former White House counsel, is working as an adviser to Goldman Sachs Group Inc., a spokesman for the New York-based company said. Read More Here

(HumanEvents) – Obama Now Pushing Sneaky Wall Street Bailout

Fresh off his successful (for now) effort to ram through an unpopular healthcare “reform” law, President Barack Obama is now fighting for legislation on Capitol Hill that would set up a permanent fund to bail out companies in the financial sector. Read More Here

(Examiner) – Obama repaying his masters at Goldman Sachs

President Obama is sponsoring a bill by the Senate Banking Committee Chairman Chris Dodd(D-CT) that would reward the Financial Firm Goldman Sachs with up to Billions of Dollars. The bill implements a $50 billion resolution fund to the firms creditors through fees that would come from banks and other businesses, which the bill calls a “nonbank financial company.” Critics are calling it a “backdoor bailouts” to Goldman Sachs who was already payed $12.9 billion in tax dollars through the bailout of AIG. Read More Here

(InternationalForecaster) – Decline in Bank Lending: Business Investment in America is almost at a Standstill – Bob Chapman

One of the reasons for less bank lending is the almost non-existent market for securitized bonds. Investors have so many bad loans on their books that they refuse to commit to further risky investments. This means banks are forced to hold this toxic paper on their books and that inhibits them from lending at higher levels. If the Fed had not purchased $1.7 trillion of this toxic junk many banks would currently be in bankruptcy. Thus, there still are trillions in these bad loans on the books of many financial institutions and they cannot be sold and they are clogging up the system, and there is no end in sight for the problem. Read More Here

(GlobalResearch) – Goldman Sachs and the Mega Banks: Too Big To Obey The Law – Read More Here

(DailyShow) – Video: These F@#king Guys – Goldman Sachs – John Stewart – View Video Here

(OpenSecrets) – Will Obama Return $994,795 In Goldman Sachs Campaign Contributions?

This table lists the top donors to this candidate in the 2008 election cycle. The organizations themselves did not donate , rather the money came from the organization’s PAC, its individual members or employees or owners, and those individuals’ immediate families. Organization totals include subsidiaries and affiliates. Read More Here

(Politico) – Sherman: Dodd Bill Contains Unlimited Bailout Authority Read More Here

(MarketOracle) – America’s Economic Recovery Is a Rotten Sham

More evidence has arisen that the “strategic default” consumer spending thesis is correct – and that the economic recovery on the whole is based on a rotten sham. Read More Here

(WND) – Next bubble: $600 trillion?

Cities, states, universities could sink from monster derivatives meltdown Read More Here

Economy

(Reuters) – Sweden unexpectedly slides back into recession

Sweden’s economy unexpectedly slid back into recession in the fourth quarter, figures showed, sending the crown lower and raising questions about how soon interest rates will rise. Read More Here

(BobChapman) – Bonuses for Wall Street And Unemployment Elsewhere Continue To Grow

People should not underestimate the rational of those in high places because their agenda may be totally different then what they say it is. That includes the predicament of Dubai and Greece and a host of other nations that include the US and UK. The credit crisis, borne of the subprime crisis just didn’t happen; it was planned that way. Read More Here

(WashingtonTimes) – American reliance on government at all-time high

The so-called “Great Recession” has left Americans depending on the government dole like never before. Read More Here

(CumberlandAdvisors) – Commercial Real Estate: More Trouble Ahead

“Between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms. Nearly half are at present “underwater” – that is, the borrower owes more than the underlying property is currently worth. Read More Here

(OrlandoSentinel) – George Soros not satisfied with Barack Obama, claims he saved country from recession

CNN’s Fareed Zakaria introduced George Soros as “the billionaire investor, financier, speculator, philanthropist and thinker.” Read More Here

(LondonTimes) – Green fuels cause more harm than fossil fuels, according to report

Using fossil fuel in vehicles is better for the environment than so-called green fuels made from crops, according to a government study seen by The Times. Read More Here

(BusinessInsider) – Is March 9 The Day Greece Gets Its Bailout From Tim Geithner?

We’ve joked that if all else fails, then surely Tim Geithner will come to the rescue of Greece.

At least we thought we were joking. Read More Here

(Reuters) – UPDATE 1-Winter storms to distort US jobless figures-Summers

White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday. Read More Here

(Telegraph) – Don’t go wobbly on us now, Ben Bernanke

Barack Obama’s home state of Illinois is near the point of fiscal disintegration. “The state is in utter crisis,” said Representative Suzie Bassi. “We are next to bankruptcy. We have a $13bn hole in a $28bn budget.” Read More Here

(GlobalEconomicAnalysis) – California Delays Payments, Ponders IOUs Again, Demands 80% of Income Tax Paid Before It’s Even Earned

Tactics in California to shore up its municipal bond rating are quite humorous. Supposedly, by delaying payments to schools, California can boost confidence in its bonds. Read More Here

(Reuters) – Euro in most difficult phase since launch – Merkel

Europe’s single currency project is facing its toughest period since its launch over a decade ago and it is essential that Greece tackle the roots of its troubles to restore confidence, German Chancellor Angela Merkel said. Read More Here

(TheAtlantic) – How a New Jobless Era Will Transform America

The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. Read More Here

Economy

(CNN) – Jobless claims up 12% in past 2 weeks

The number of Americans filing for initial unemployment insurance surged to just below the 500,000 level last week, and have climbed more than 12% over the past two weeks, the government said Thursday. Read More Here

(HuffingtonPost) – The IMF Destroys Iceland and Latvia

The International Monetary Fund operates primarily as a banker bailout machine. They cajole and tempt and confuse and threaten the leaders of governments worldwide to pay off the failed bets of the big bankers using the taxpayer funds of their countries. This has been going on a long time, at least since the early 1980s. Read More Here

(Fox) – New Jobless Claims Jumped to 496,000 as Heavy Snow Caused Rise in Layoffs

In addition, many state agencies in the mid-Atlantic and New England regions that process the claims were closed due to the storms and are now clearing out backlogs, a Labor Department analyst said. Read More Here

(SeekingAlpha) – Something Very Strange Is Happening With Treasuries

There are times in life when one witnesses something so outside the scope of normal experience, that at first you don’t see it. Read More Here

(SydneyMorningHerald) – British lender RBS plans huge bonuses despite losses

Losses at Royal Bank of Scotland narrowed sharply last year, the state-rescued lender said Thursday as it prepared to dish out bonuses reportedly totalling 1.6 billion pounds (1.8 billion euros, 2.4 billion US dollars). Read More Here

(Reuters) – EMU could collapse if one member defaults -Germany

A debt default by one euro zone member could end the single currency union but this is unlikely, the head of the German debt management agency said on Thursday. Read More Here

(Reuters) – Tax officials caught over unpaid fines

There were some embarrassed faces at Bulgaria’s tax office on Thursday after an investigation found more than 400 tax inspectors had failed to pay their traffic fines. Read More Here

MSM: Wall Street’s Bailout Hustle – Matt Taibbi

(RollingStone) – On January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America’s pre-eminent Marvel Comics supervillain, the CEO used the call to deploy his secret weapon: a pair of giant, nuclear-powered testicles. In his message, Blankfein addressed his plan to pay out gigantic year-end bonuses amid widespread controversy over Goldman’s role in precipitating the global financial crisis. Continue reading

MSM: The Bank Showing ‘Restraint’…With A 48% Rise in Bonuses

(Express) – GREEDY bankers are still paying themselves huge bonuses in an arrogant disregard of the anger felt by millions of people who are battling to survive the recession. Continue reading

European bankers demand unprecedented austerity measures

(WSWS) – European bankers are demanding that countries on the brink of national bankruptcy impose brutal austerity measures on their populations. Continue reading

MSM: Wall Street giants pay staff $100bn

(TimesOnline) – Four of Wall Street’s biggest banks will this week reveal plans to pay their staff a total of close to $100 billion (£62 billion), reigniting the row over bankers’ bonuses. Continue reading

MSM: JPMorgan investment bankers to see record payday

(Reuters) – JPMorgan Chase & Co (JPM.N) on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors like Goldman Sachs Group Inc (GS.N) to also make eye-popping payouts. Continue reading

Lawsuit: Goldman Sachs bonuses bigger than its earnings

(NoVerichip) – A lawsuit filed against investment bank Goldman Sachs by a shareholder alleges that the company spent more money on corporate bonuses than it earned in 2008. Continue reading

MSM: Bankers Get $4 Trillion Gift From Barney Frank

(Bloomberg) – To close out 2009, I decided to do something I bet no member of Congress has done — actually read from cover to cover one of the pieces of sweeping legislation bouncing around Capitol Hill. Continue reading

MSM: Obama complains about “fat-cat bankers”

(Reuters) – President Barack Obama complained about “fat-cat bankers” and sharply criticized Wall Street banks for paying out big bonuses to executives in a television interview to air on Sunday. Continue reading

MSM: Defiant banks pay millions in bonuses

(TimesOnline) – A fresh row over City bonuses is set to engulf ministers after it emerged last night that 200 executives at Lloyds, the partly state-owned bank, are set to receive one-off payments worth up to 80 per cent of their annual salaries. Continue reading

Video: Max Keiser on GM – US predators sacrifice workers as lambs

(RussiaToday) – The United States does not value jobs and trade unions; General Motors cut ten thousand jobs across Europe at its Opel unit in favour of Christmas bonuses. That’s the view of Max Keiser, finance critic and former stockbroker. He commented to RT on GM abandoning plans to sell Opel to a consortium of Canadian firm Magna and Russia’s Sberbank. Continue reading

Video: Protest Against Wall Street Bankers

Today was an amazing beginning for us. Not just the beginning of the three day protest against the American Bankers Association (ABA) conference, but the beginning of the end for business as usual on Wall Street. The big banks heard loud and clear tonight that taxpayers are fed up with them taking our money and using it to pay themselves outrageous profits and lobby against financial reform. Continue reading

Bailed out insurance giant AIG plans $198 million in new bonuses

American International Group, which has received nearly $200 billion in bailout funds from the federal government, is slated to pay 400 employees in its financial products division another $198 million, according to a report published Wednesday by the Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP). Continue reading

The Rich Have Stolen The Economy – Paul Craig Roberts

Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers. Continue reading

Video: Gerald Celente on Social Security

Russia Today – October 17th, 2009 Continue reading

MSM: £14billion: That’s the record amount Goldman Sachs staff will get in pay and bonuses

(DailyMail) – City bank Goldman Sachs is expected to confirm tomorrow that bonuses will smash all records in 2009, just a year after the Government rescued the financial system from oblivion. Continue reading

5 Ways the Government Used Our Money to Save Big Banks and Screw Us

The government hasn’t exactly been forthcoming about how it has made buckets of money available to the banking sector. But here’s what really happened. Continue reading

Deceitful Messages Coming Out Of Friday’s G-20 Meeting

The AP reports (via The Washington Post) that “European countries have stressed the role that excessive payouts to banking executives played in the current crisis by fueling risk-taking, and called for bonuses to be severely curbed”, which doesn’t seem to make sense with a $645+ trillion derivatives bubble. Continue reading

Hang the Zombieconomy by its Own Rope

Lenin once said that capitalism would ultimately undo itself, because the entrepreneurs would gladly sell the rope with which they would later be hanged; they’d be too busy counting the profits to see the noose tightening around their necks.  Well, somebody is choking right now, but it’s not the “capitalists”. Continue reading

Video: Larry Flynt Goes Public – Exposes Obama-NWO-David Rockefeller

Texan bulldawg covers Hustler Owner Larry Flynt’s article in the huffingtonpost…  Read the full article here http://www.huffingtonpost.com/larry-f… Continue reading

Americans: Serfs Ruled by Oligarchs – Paul Craig Roberts

“In a little time [there will be] no middling sort. We shall have a few, and but a very few Lords, and all the rest beggars.” R.L. Bushman
“Rapidly you are dividing into two classes–extreme rich and extreme poor.” “Brutus”

Americans think that they have “freedom and democracy” and that politicians are held accountable by elections. The fact of the matter is that the US is ruled by powerful interest groups who control politicians with campaign contributions. Our real rulers are an oligarchy of financial and military/security interests and AIPAC, which influences US foreign policy for the benefit of Israel. Continue reading

Faulty Forecasting – Ralph Nader

Companies that specialize in stock market forecasting and trading—such as Goldman Sachs, Citigroup, Morgan Stanley, and JPMorgan Chase—pay very high salaries to their employee-vendors. New York Attorney General Andrew Cuomo just released data showing that these and other large banks are giving each of their 5000 trader-forecasters bonuses of at least one million dollars. Continue reading

MSM: Supine politicians, arrogant, greedy banks and why they could trigger another crash

(DailyMail) – One cannot imagine headlines more certain to rouse public rage than those this week: ‘Massive bonuses for bankers’; ‘record payouts at Goldman Sachs ‘; ‘greed is back’. Amid the worst recession for a generation, the financial communities in Britain and the U.S. will this year award themselves prizes on a scale to gasp at. Continue reading

MSM: £27,000 swine flu bonus for GPs (who already earn £107,000)

(DailyMail) – Family doctors could see their salaries soar by £27,000 once a swine flu vaccination programme is in place, the Daily Mail can reveal. Continue reading

After $182 billion taxpayer rescue, is AIG on the verge of collapse?

You may remember American International Group (AIG). The U.S. government gave it $182 billion of taxpayer money last fall in exchange for a 78 percent stake. Of that money, $165 million went for bonuses to a handful of people in its Financial Products Group (FPG), which sold Credit Default Swaps (CDSs) on which AIG lacked the capital to make good. And $200 million more is slated for those good folks in 2009. Continue reading

MSM: Banks Paid $32.6 Billion in Bonuses Amid U.S. Bailout

(Bloomberg) – Citigroup Inc., Merrill Lynch & Co. and seven other U.S. banks paid $32.6 billion in bonuses in 2008 while receiving $175 billion in taxpayer funds, according to a report by New York Attorney General Andrew Cuomo. Continue reading

MSM: Morgan Stanley sets aside 72% of revenue to pay bonuses

(Guardian) – Morgan Stanley is setting aside a huge sum to pay out bonuses despite posting its third consecutive quarterly loss and admitting it is disappointed with key departments. Continue reading

MSM: Dems Plotting Health Bill Seek $245B for Doctors

(Fox) – Democrats and the Obama administration argue that the $245 billion included for doctors doesn’t have to be counted in the total cost of the bill because they decided it doesn’t have to be paid for. Continue reading

Kissinger Tells President Medvedev… ‘By September We’ll Have CONFISCATED ALL PRIVATELY OWNED GUNS…’ (Updated May 25, 2009)

Kremlin reports on the extraordinary meeting held today between President Medvedev and former United States Secretaries of State Henry Kissinger (under Nixon), James Baker (under Bush Sr.), Charles Shultz (under Regan), former United States Defense Secretary William Perry (under Clinton), and former US Senator and top defense expert Sam Nunn, are stating that the Americans are acknowledging for the first time their acceptance of a New Global Order… Continue reading

MSM: As Goldman Sachs posts huge profits from the economic crisis, the question is – Did it cause the problems in the first place?

(DailyMail) – No name is more ubiquitous in the pantheon of global finance than that of Goldman Sachs. At a time when world commerce and banking has been brought to a shuddering halt by greed, excess and foolishness, this investment bank provoked astonishment and disgust this week by handing out record bonuses. Continue reading

A rising tide of social misery

Contrary to Obama administration and media claims about the recession “easing,” millions of working people in America are losing their jobs, earnings and health care benefits at an accelerating pace. Continue reading

MSM: Laughing all the way to the bank

(aljazeera) – Wall Street and the City of London – the world’s two major financial centres – declare it is “business as usual” again… They are hiring, poaching each other’s staff and their profits are soaring. Continue reading

The Best President Money Could Buy

Our brand of capitalism relies on prolific consumerism as a means to globalization, where needs are created and where everything and everyone is for sale. We tend to sell the public various goods, services, people, politicians, Presidents, and even God for the right price. Continue reading

How the Wall Street Bankers Bought Congress

You would think that causing the worst financial crisis since the Great Depression might have repercussions. You would think being a major factor in the destruction of around 40 percent of the world’s wealth might get you in trouble. You would think being the cause of the worst housing crisis in history — with millions of people losing their homes because of you — might force a restructuring of how Wall Street does things. Continue reading