Category Archives: The Economy Sucks and or Collapse 2

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

Image by cool revolution via Flickr

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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Ellen Brown: Obama’s Secret Trade Deal Serves Corporations and Banks (#TPP)

Barack Obama - TPP Legacy

Image by DonkeyHotey via Flickr

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
June 24, 2015

Greg Hunter on Jun 23, 2015

Obama’s secret trade deals greatly favors big banks. Brown says, “It looks to me the banking system is in control. That’s where all the big money comes from, and that’s where the two big parties got their money. It’s been this way ever since Rockefeller and Morgan back then in 1900—the Democrats and the Republicans. Brown goes on to say, “The goal here is “they” want to own everything and rent it back to us. So, law is no longer a way to protect the people. Law is now to protect the corporations and serve the corporations.”

Join Greg Hunter as he goes One-on-One with Ellen Brown, creator of The Web of Debt Blog.
http://usawatchdog.com/we-dont-know-how-bad-secret-obama-trade-deal-really-is-ellen-brown/

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Michael Hudson: Should The Federal Reserve Taper QE, If Banks Get Most of the Benefits?

Alternative Bailout Plan

Image by Mike Licht via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
June 15, 2015

TheRealNews on Jun 15, 2015

UMKC professor of economics Michael Hudson explains how the bond-buying program helps keep interest rates low for everyday people but has also shored up bad mortgage loans of corrupt banks.

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Chris Hedges and Richard D. Wolff at the Left Forum 2015: Marx: The System is the Problem

Unions Behind Labor Day

Image by Democracy Chronicles via Flickr

Dandelion Salad

with and Chris Hedges

Free Speech TV

Left Forum 2015 on May 30, 2015

In past revolutions – for example, against slavery or feudalism – the revolutionaries defined their goals in terms of freedom, liberty, equality, democracy, and so on. At the same time, they often allied those goals to actively supporting the newly emerging capitalist system. Capitalism, many hoped and expected, would secure, in the words of the French Revolution, “liberty, equality and fraternity.” Marx’s work says “no, capitalism did not and cannot secure liberty, equality, fraternity or democracy; indeed capitalism’s social dominance is now the systemic obstacle to their achievement.” Marx’s critical analysis of capitalism as a system informs and invites the next necessary step in realizing the greatest social goals of modern history.

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Richard D. Wolff: The Coming Crash and The Recession That Never Ended

Black Friday Chicagoland 2013!

Image by Bob Simpson via Flickr

Dandelion Salad

with

The Big Picture RT  on May 28, 2015

Thom discusses the state of the U.S. and world economies with economist and author Richard Wolff in tonight’s special hour-long discussion.

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Ukraine Labor Dares Operation Vulture by Michael Hudson

Mineworkers and members of the Independent Trade Union of Miners (NPGU) in Ukraine's Donetsk region. Through Solidarity Center support, union members participate in trainings and regional exchanges. Credit: Solidarity Center. 2014.

Image by Solidarity Center via Flickr

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
May 28, 2015

Ukraine’s collapse since the February 2014 coup has become an umbrella for grabitization. Collateral damage in this free-for-all has been labor. Many workers are simply not getting paid, and what they actually is being paid is often illegally low. Employers are taking whatever money is in their business accounts and squirreling it away – preferably abroad, or at least in foreign currency.

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Michael Hudson: Fast-Track for Whom? + Julian Assange on the #TPP: Secretive Deal Isn’t About Trade, But Corporate Control

#TPP - Expressway to Trade Hell bumper sticker on my car

Image by Dandelion Salad via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
May 27, 2015

TheRealNews on May 26, 2015

Michael Hudson says fast track legislation takes decision-making power out of the hands of the legislators and puts it in the hands of corporate lobbyists.

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Ellen Brown: Real Wealth – A Future We Can Bank On + Vicki Robin + Donnie Maclurcan + Helena Norberg-Hodge

Tomatoes

Image by Dandelion Salad via Flickr

Updated: June 1, 2015

with Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
May 21, 2015

 on May 21, 2015

Ellen Brown is the founder of the Public Banking Institute, and author of twelve books, including the best-selling Web of Debt. This is her plenary talk at the Economics of Happiness conference, held in Portland, Oregon in February, 2015. The conference was organized by Local Futures, a non-profit organization that has been promoting a shift from global to local for nearly 40 years. To learn more about the conference or Local Futures’ work, go to www.localfutures.org.

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Can the Working Class Still Change the World? by Kyle Brown

LightroomRetouch-7072

Image by Daveypants via Flickr

Dandelion Salad

by Kyle Brown
socialistworker.org
April 14, 2015

IN HIS famous speech “Where Do We Go From Here?” Martin Luther King Jr. quoted the then-president of the United Auto Workers (UAW) union, Walter Reuther, saying, “Power is the ability of a labor union like the UAW to make the most powerful corporation in the world, General Motors, say ‘Yes’ when it wants to say ‘No.'”

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W-Z: Watered Stock to Zero-Sum by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
April 12, 2015

letter W

Image by Leo Reynolds via Flickr

Parts W-Z in the .

War: Economically, the major cause of national debt and inflation, and often of postwar deflations. Politically, war serves as an excuse to centralize control of government in the hands of the few, and in the Executive Branch of government.

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How America Became an Oligarchy by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 6, 2015

Oligarchy

Image by P.T. Manolakos via Flickr

The politicians are put there to give you the idea that you have freedom of choice. You don’t…. You have owners. — George Carlin, The American Dream

According to a new study from Princeton University, American democracy no longer exists. Using data from over 1,800 policy initiatives from 1981 to 2002, researchers Martin Gilens and Benjamin Page concluded that rich, well-connected individuals on the political scene now steer the direction of the country, regardless of – or even against – the will of the majority of voters. America’s political system has transformed from a democracy into an oligarchy, where power is wielded by wealthy elites.

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U-V: Usury to Vested Interests by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 31, 2015

letter U

Image by Leo Reynolds via Flickr

Parts U-V in the .

Underdevelopment: The term coined by Andre Gunder Frank to describe the policies which former European colonies and more contemporary third-world countries have been turned into indebted raw-materials exporters rather than balanced economies capable of feeding themselves. (See World System.)

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Michael Hudson: Institutional Discontent

3D

Image by M4D GROUP via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 22, 2015

TheRealNews on Mar 21, 2015

Economist Michael Hudson says China’s new international bank will be exempt from a US-veto, empowering other countries to lead development and perhaps challenge the use of the dollar as the currency of global capital.

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T is for Trickle-Down by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 20, 2015

letter T

Image by Leo Reynolds via Flickr

Part T in the .

Tableau Économique: The first formal national-income account, developed by the Physiocrat Francois Quesnay on the analogy of the circulation of blood within the human body. (See Economist, Say’s Law.)

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Michael Hudson: QE Intentions All Too Obvious + Kleptocrats who run Ukraine economy will grab IMF cash & run

EU Austerity Albatross

Image by DonkeyHotey via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 11, 2015

TheRealNews on Mar 10, 2015

Michael Hudson says quantitative easing is a pretext to assist banks make even more profits

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