Category Archives: The Economy Sucks and or Collapse 2

Michael Hudson: Corporate Buybacks Behind the Market Crash

Mission St. Grafitti

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Updated: Aug. 25, 2015

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
August 25, 2015

TheRealNews on Aug 24, 2015

Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with shortermism and buybacks of corporations inflating their own stocks.

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Welcome to the World of Extreme and Destructive Global Dependencies by Ralph Nader (#TPP)

IMG_2564.1.web

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Dandelion Salad

by Ralph Nader
The Nader Page, August 21, 2015
August 23, 2015

Do you have your savings in a mutual fund? Does your pension fund invest in stocks, just as mutual funds do? If so, you may want to know this has been a bad week for U.S. stock markets. The Dow and Nasdaq indices have plummeted big time, but not because of the U.S. economy which is showing signs of revival. It is, as the Wall Street Journal reports, mostly because of the woes in China plus the shakiness of the depressed Greek economy and weaknesses of the economies in other larger emerging nations such as Brazil and Turkey.

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WikiLeaks: The US Strategy to Create a New Global Legal and Economic System: #TPP, #TTIP, #TISA (John Pilger, Julian Assange)

#TPP - Expressway to Trade Hell

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Dandelion Salad

with John Pilger, Julian Assange

TheWikiLeaksChannel on Aug 18, 2015 Continue reading

Trumping the Federal Debt Without Playing the Default Card by Ellen Brown

For All Debts...

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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
August 19, 2015

“The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.”

— Former Fed Chairman Alan Greenspan on Meet the Press, August 2011

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The Greek Coup: Liquidity as a Weapon of Coercion by Ellen Brown + Greece is Not the Major Problem – Europe is by Siv O’Neall

Alexis Tsipras on a short leash from the EU

Image by DonkeyHotey via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 30, 2015

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972)

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.

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Cornel West and Richard Wolff: Marxism, Capitalism and Wage Slavery

Unions Behind Labor Day

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Dandelion Salad

with  and

GRITtv on Jul 28, 2015

A conversation about capitalism with two brilliant minds, Cornel West and Richard D. Wolff, together in a rare joint appearance. Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, and author most recently of Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010- 2014/ Dr. Cornel West has written or edited dozens of books, including classics like Race Matters, and Democracy Matters. His most recent is Black Prophetic Fire, written in conversation with Christa Buschendorf. Also in the show, activist Manju Rajendran tells us about a small business that is successfully operating under an anti-capitalist economic paradigm. And Laura raises questions about the record-setting settlement with BP over drilling disaster in the Gulf Coast.

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Richard D. Wolff: I’m Becoming a Fan of Pope Francis: “Capitalism Runs Counter to the Plan of Jesus” + What is Community Wealth Building?

Pope Francis rips capitalism and trickle-down economics

Image by Devendra Makkar via Flickr

Dandelion Salad

with Richard D. Wolff

RichardDWolff on Jul 22, 2015

Global Capitalism: Monthly Economic Update

“Winners and Losers in Today’s Shifting Capitalism” Continue reading

Andrew Gavin Marshall: Who Rules Europe?

Marcha en Madrid en solidaridad con Grecia y por el NO (OXI) en el referéndum griego

Image by Adolfo Lujan via Flickr

by Andrew Gavin Marshall
Writer, Dandelion Salad
andrewgavinmarshall.com
July 22, 2015

Andrew Gavin Marshall on Jul 22, 2015

From the outbreak of Europe’s debt crisis in 2010, Germany and the Troika institutions of the European Commission, European Central Bank and IMF have come to wield immense influence over the continent and the populations within it. This video examines the individuals and institutions of power in Europe.

If you like this video, please consider making a donation to support my work.

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Richard Wolff: Is China’s Bubble About To Burst? Look Out US!

That's Life

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Dandelion Salad

The Big Picture RT on Jul 21, 2015

Economist Dr. Richard Wolff, Democracy At Work joins Thom. China – the world’s second biggest economy – recently saw its stock market plummet 30 percent in a month. Does this mean that next big economic crisis is right around the corner?

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Chris Hedges: Bernie Sanders is Lending Credibility to a Party That is Completely Corporatized, interviewed by Ralph Nader

Bernie Sanders - Painting

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Dandelion Salad

with Chris Hedges and Ralph Nader

Ralph Nader Radio Hour
July 11, 2015

Ralph and acclaimed journalist/author Chris Hedges talk about why the American people need to revolt and MIT professor and globalization expert Dr. Nicholas Ashford talks to us from Greece about what is really going on over there.

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Greece is a Nation Under Occupation by Andrew Gavin Marshall

EU Austerity Albatross

Image by DonkeyHotey via Flickr

by Andrew Gavin Marshall
Writer, Dandelion Salad
andrewgavinmarshall.com
July 16, 2015

In the early hours of Thursday morning, July 16, the Greek Parliament passed a host of austerity measures in order to begin talks on a potential third bailout of 86 billion euros. The austerity measures were pushed onto the Parliament by Greece’s six-month-old leftist government of Syriza, elected in late January with a single mandate to oppose austerity. So what exactly happened over the past six months that the first anti-austerity government elected in Europe has now passed a law implementing further austerity measures?

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The Problem of Greece is Not Only a Tragedy. It is a Lie. by John Pilger + Grexit or Jubilee? How Greek Debt Could Be Annulled by Ellen Brown

OXI - no to austerity and debt

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Dandelion Salad

by John Pilger
crossposted from johnpilger.com
July 14, 2015

An historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world.

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“Guerrilla Warfare Against a Hegemonic Power”: The Challenge and Promise of Greece by Ellen Brown + Hudson: Capitalism & Government Debt at Odds

Greece solidarity protest at British Museum #OXI

Image by Tom Pursey via Jubilee Debt Campaign via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
July 10, 2015

Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.

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Greece Rejects the Troika. What’s Next? by Michael Hudson + Greece: It all seems so clear – and so complicated by Siv O’Neall

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com, July 6, 2015
July 8, 2015

OXI in Brussles

Image by Maxime De Ruyck via Flickr

Just after 7 PM Greek time on Sunday, I was told that the “No” vote (Gk. Oxi) was winning approximately 60/40. The “opinion polls” showing a dead heat evidently were wrong. Bookies across Europe are reported to be losing their shirts for betting that the financial right wing could fool most Greeks into voting against their self-interest. The margin of victory shows that Greek voters were immune to media misrepresentation during the week-long run-up as to whether to accept the troika’s demand for austerity to be conducted on anti-labor lines.

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Resisting Financial Conquest by Michael Hudson + US Hedge Funds Get Bailed Out if Greeks Pass Bailout Referendum

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
As published on Counterpunch
June 30, 2015

Barry

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Back in January upon coming into office, Syriza probably could not have won a referendum on whether to pay or not to pay. It didn’t have a full parliamentary majority, and had to rely on a nationalist party for Tsipras to become prime minister. (That party balked at cutting back Greek military spending, which was 3% of GDP, and which the troika had helpfully urged to be cut back in order to balance the government’s budget.)

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