Image by EdFladung via Flickr
by Pete Dolack
Writer, Dandelion Salad
Systemic Disorder, Jan. 5, 2023
January 7, 2023
Wishing for central banks to act in the interest of working people rather than the financial industry is about as fruitful as hoping a starving wolf won’t eat the chicken that was just placed next to it. Pigs will fly, the Amazon will freeze over and Wall Street will give all its money away before a central bank in the capitalist core goes against its raison d’être.
Image by cool revolution via Flickr
by Michael Hudson
Writer, Dandelion Salad
November 5, 2022
India & Global Left on Nov 4, 2022
Prof. Hudson speaks on the nature of US financial dominance, the role of World Bank in developing countries, USA’s ability to run a huge balance of payment deficit, changes in Russia after the fall of the Soviet Union, the problems of US economy with post-industrialization, and the role of neoclassical economics in all this.
Image by DonkeyHotey via Flickr
by Pete Dolack
Writer, Dandelion Salad
Systemic Disorder, Aug. 31, 2022
September 1, 2022
The size of the financial industry bears no relation to the economy. Self-mythological panegyrics aside, the finance industry confiscates money; it doesn’t create it. How much? Get out your calculators, and maybe you’ll have to find a way to add a couple of digits to what your screen can hold.
Image by cool revolution via Flickr
by Michael Hudson
Writer, Dandelion Salad
August 8, 2022
This time Eric welcomes back author and economist Michael Hudson to discuss his new book The Destiny of Civilization: Finance Capitalism, Industrial Capitalism, or Socialism available from CounterPunch.
Image by Scott Oves via Flickr
theAnalysis-news on Jul 8, 2022
John Bellamy Foster explains the ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollar’s worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening.
Image by Bob Bob via Flickr
by Pete Dolack
Writer, Dandelion Salad
Systemic Disorder, June 15, 2022
June 19, 2022
Many well-meaning people lament that our economic system is “not working.” But that isn’t true if we apply some historical context. What has capitalism wrought since its earliest days?
Image by Benjamin Solah via Flickr
by Will Griffin
Writer, Dandelion Salad
June 14, 2022
The Peace Report on Jun 8, 2022
In the previous video, we discussed how the capitalist-imperialist system developed over the past century. Today, in the current phase, we will discuss its 4 main characteristics, as laid out by Pao-Yu Ching in the highly recommended book, Lenin’s Imperialism in the 21st Century published by the Institute of Political Economy.
Image by Visible Hand via Flickr
by Pete Dolack
Writer, Dandelion Salad
Systemic Disorder, Apr. 27, 2022
April 28, 2022
The gap between what needs to be done to save the Earth from the environmental disaster of unchecked global warming and what is actually being done continues to widen. Yet another exemplar of this gap is the funding practices of the world’s biggest banks.
Screenshot by Dandelion Salad via Flickr
Watch the video below
by Michael Hudson
Writer, Dandelion Salad
September 23, 2018
“At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.”
Earthsharing
November 23, 2009
Hudson slides through a multitude of issues to drag us back to the big picture that is constantly ignored.
by Dr. Ellen Brown
Featured Writer
Dandelion Salad
webofdebt.com
Nov 1, 2009
Pouring money into the private banking system has only fixed the economy for bankers and the wealthy; it has not done much to address either the fundamental problem of unemployment or the debt trap so many Americans find themselves in.
President Obama’s $787 billion stimulus plan has so far failed to halt the growth of unemployment: 2.7 million jobs have been lost since the stimulus plan began. California has lost 336,400 jobs. Arizona has lost 77,300. Michigan has lost 137,300. A total of 49 states and the District of Columbia have all reported net job losses.
by Dr. Ellen Hodgson Brown
Featured Writer
Dandelion Salad
webofdebt.com
May 27, 2009
“I understand that these cuts are very painful and they affect real lives. This is the harsh reality and the reality that we face. Sacramento is not Washington – we cannot print our own money. We can only spend what we have.”
– Governor Arnold Schwarzenegger quoted in Time, May 22, 2009
Christmas comes early, Governor. You CAN print your own money. Fiscally solvent North Dakota is doing it . . . and so can California. Now!!!
In a May 22 article in Time titled “Billions in the Red: Fiscal Reckoning in CA,” Juliet Williams reports that since California voters have now vetoed higher taxes and further state government borrowing, Gov. Arnold Schwarzenegger has indicated that he intends to close the budget gap almost entirely through drastic spending cuts. The cutbacks could include laying off thousands of state workers and teachers, ending the state’s main welfare program for the poor, eliminating health coverage for about 1.5 million poor children, halting cash grants for about 77,000 college students, slashing money for state parks, and releasing thousands of prisoners before their sentences are finished. Schwarzenegger bemoaned the fact that the state could not print its own money but said it could only spend what it had.
Sent to DS from Richard C. Cook with permission from the author to post.
by Mike Whitney
February 10, 2009
We Hold These Truths
by Richard C. Cook
Originally uploaded by Dandelion Salad
Richard Cook‘s new book, We Hold These Truths: The Hope of Monetary Reform, cuts through the nonsense and reveals the root cause of today’s economic crisis; a privatized credit system gone haywire. This is first-class analysis from a prescient reformer whose message is just now catching fire. While the pundits are still hung up on subprime mortgages and toxic assets, Cook has peeled the cover off our deeply-flawed monetary system and exposed the rot within. This is where the change needs to begin.
By Rudo de Ruijter,
Independent researcher,
www.courtfool.info
Netherlands
Abstract:
This article describes an idea for a bank reform, with which the enterprises are protected against the antics in the banking world and which enables better economic policy, also in hard times.
Inroduction
There are many analyses about the causes of the bank crisis. Many explain it like a consequence of greed, insuffiscient regulations and failing control by central banks.
Governments were completely surprised when the banks started to fall and they were suddenly confronted with the consequences. Ministers of Finance got carte blanche to get the banks back on track with billions of euros of support. All this because they are so important to the economy. Continue reading
Washington, Jan 21, 2009
“In God We Trust, Not in Banks We Trust”
Congressman Kucinich (D-OH) this morning made the following statement calling for assurances from Treasury and the new administration that the second tranche of the Troubled Asset Relief Program (TARP) funds will be used to address the home foreclosure crisis:
“Let us discuss our system of checks and balances. Congress writes hundreds of billions of checks to the banks, and the banks, it turns out, don’t know their own balances.
“Banks are not lending the money that Congress gave them because most banks don’t know their own balance sheets. We throw countless dollars into a bottomless pit, and we’re wondering why new lending is not happening?
“Our nation’s motto is in God we trust, not in banks we trust. We must verify what banks are doing with the money we gave them. We must get concrete assurances that the rest of the bailout funds be used to address the center of the financial crisis in America: foreclosure. Foreclosures are devastating the American family. There was a 41% increase in foreclosures in the past year.
“We must get concrete assurances from the new administration that the final bailout funds will be used to address the foreclosure crisis and help keep millions of Americans in their homes. We must help Americans save their homes.”
FAIR USE NOTICE: This blog may contain copyrighted material. Such material is made available for educational purposes, to advance understanding of human rights, democracy, scientific, moral, ethical, and social justice issues, etc. This constitutes a ‘fair use’ of any such copyrighted material as provided for in Title 17 U.S.C. section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.
see
Kucinich Ready To Go After The Federal Reserve!
Kucinich: Federal Reserve No More “Federal” Than Federal Express!
Dandelion Salad 