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Dandelion Salad
April 2, 2023
with Ralph Nader
Ralph Nader Radio Hour on Apr 1, 2023
We are joined for the full hour by geopolitical financial expert and financial historian, Nomi Prins, to discuss her new book, Permanent Distortion: How Financial Markets Abandoned the Real Economy Forever, which highlights the huge gap between the high-flying stock market, versus back down here on earth, where average people struggle to make ends meet.
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by Michael Hudson
Writer, Dandelion Salad
April 1, 2023
Geopolitical Economy Report on Mar 25, 2023
Economists Radhika Desai and Michael Hudson discuss the US banking crisis in this episode of their program Geopolitical Economy Hour.
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Dandelion Salad
March 26, 2023
with Ralph Nader
Ralph Nader Radio Hour on Mar 25, 2023
Ralph welcomes economist, attorney, and investigative journalist, James Henry for his expert take on what is going on in the banking system and what we can do to keep it from blowing up. And Professor and former Nader’s Raider, Alison Dundes Renteln, takes on the commercialization of our universities in her book The Ethical University: Transforming Higher Education.
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by Michael Hudson
Writer, Dandelion Salad
March 23, 2023
Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Government Oversight Subcommittee, Kucinich had a ringside seat in unraveling the bank collapses after the housing bubble burst. He confronted the players in the field with withering questions in Congressional hearings. Now Kucinich wanted important feedback from a banking insider on how this crisis was different than the one in 2008.
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by Ralph Nader
The Nader Page, Mar. 20, 2023
March 22, 2023
Once again, government socialism – ultimately backed by taxpayers – is saving reckless midsized banks and their depositors. Silicon Valley Bank (S.V.B) and Signature Bank in New York greedily mismanaged their risk levels and had to be closed down. The Federal Deposit Insurance Corporation (FDIC), in return, to avoid a bank panic and a run on other midsized banks went over its $250,000 insurance cap per account and guaranteed all deposits – no matter how large, which are owned by the rich and corporations – in those banks.
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by Michael Hudson
Writer, Dandelion Salad
March 16, 2023
Geopolitical Economy Report on Mar 14, 2023
Economist Michael Hudson analyzes the collapse of Silicon Valley Bank, Silvergate, and Signature Bank, explaining the similarities to the 2008 financial crash.
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with Chris Hedges
act.tv on Sep 21, 2020
Julianna welcomes back Pulitzer Prize-winning journalist and best-selling author, Chris Hedges, to discuss how in his current book, America: The Farewell Tour. Hedges takes a close look at the array of pathologies that have arisen out of a profound malaise of hopelessness as the society disintegrates due to the “slow moving [corporate] Coup d’état” instituted by the ruling classes in the ’70s in reaction to the activist movements and reforms of the ’60s. And how this disintegration has resulted in an epidemic of diseases, despair, and a civil society that has ceased to function.
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by Michael Hudson
Writer, Dandelion Salad
September 14, 2020
The U.S. is Saving the Financial Sector, not the Economy
Before juxtaposing the U.S. and alternative responses to the coronavirus’ economic effects, I would like to step back in time to show how the pandemic has revealed a deep underlying problem. We are seeing the consequences of Western societies painting themselves into a debt corner by their creditor-oriented philosophy of law. Neoliberal anti-government (or more accurately, anti-democratic) ideology has centralized social planning and state power in “the market,” meaning specifically the financial market on Wall Street and in other financial centers.
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Updated: July 12, 2020
by Rainer Shea
Writer, Dandelion Salad
Rainer Shea: Anti-Imperialist Journalist, June 30, 2020
July 1, 2020
Matt Taibbi concluded that the 2008 Wall Street bailout had “built a banking system that discriminates against community banks, makes Too Big to Fail banks even Too Bigger to Failier, increases risk, discourages sound business lending and punishes savings by making it even easier and more profitable to chase high-yield investments than to compete for small depositors.” In this post-crash environment, the largest financial institutions gained more of a hegemonic grip than ever, with the five biggest banks having come to own almost half the industry by 2015.
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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, June 22, 2020
June 23, 2020
BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.
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“But I can tell you that the ruling elites, given what they’re doing in Washington and their utter refusal to respond in a rational way to what’s happening to larger and larger numbers within the citizenry, are playing with fire and playing with their own destruction.” — Chris Hedges
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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, May 18, 2020
May 19, 2020
Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities.
When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject to “bail ins” – the funds of their creditors, including their large depositors, would be tapped to cover their bad loans.
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by Andrew Gavin Marshall
Writer, Dandelion Salad
Toronto, Canada
Empire and Economics
May 7, 2020
Let us see that the virus allows us to reflect on ourselves, not simply at a national level, but at a civilizational level – at the level of the human species.
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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, May 2, 2020
May 3, 2020
Congress seems to be at war with the states. Only $150 billion of its nearly $3 trillion coronavirus relief package – a mere 5% – has been allocated to the 50 states; and they are not allowed to use it where they need it most, to plug the holes in their budgets caused by the mandatory shutdown. On April 22, Senate Majority Leader Mitch McConnell said he was opposed to additional federal aid to the states, and that his preference was to allow states to go bankrupt.
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by Michael Hudson
Writer, Dandelion Salad
April 26, 2020
Moderate Rebels on Apr 20, 2020
Facing the Covid-19 pandemic, the US Congress rammed through the CARES Act — which economist Michael Hudson explains is not a “bailout” but a massive, $6 trillion giveaway to Wall Street, banks, large corporations, and stockholders.
Dandelion Salad 