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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.
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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?
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by Michael Hudson
Writer, Dandelion Salad
October 15, 2020
RT on Oct 7, 2020
It remains unclear who will be the occupant of the White House next January. What can be easily predicted is the state of the economy for tens of millions of citizens. It appears what is called a K-shaped recovery is permanently dividing the country into the haves and have-nots. And this seems to be acceptable for those who are the haves!
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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Mar. 21, 2020
March 22, 2020
In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years. When the Federal Reserve tried to ride to the rescue, it only succeeded in making matters worse. The government then pulled out all the stops. To our staunchly capitalist leaders, socialism is suddenly looking good.
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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog, Mar. 11, 2020
March 13, 2020
When the World Health Organization announced on February 24th that it was time to prepare for a global pandemic, the stock market plummeted. Over the following week, the Dow Jones Industrial Average dropped by more than 3,500 points or over 10%. In an attempt to contain the damage, on March 3rd the Federal Reserve slashed the fed funds rate from 1.5% to 1.0%, in their first emergency rate move and biggest one-time cut since the 2008 financial crisis. But rather than reassuring investors, the move fueled another panic sell-off.
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with Richard D. Wolff
RT America on Mar 9, 2020
Economist and founder of Democracy at Work Dr. Richard Wolff and broadcasting legend Larry King join Rick Sanchez to weigh in on Wall Street’s terrifying Monday plunge, the worst since 2008. They explain the link between oil exploration and extraction and the debt that fuels it. They also discuss the role of the coronavirus outbreak in the economic crisis and its likely influence on US politics.
Screenshot by Dandelion Salad via Flickr
Watch the video below
by David Swanson
Writer, Dandelion Salad
Let’s Try Democracy
February 20, 2020
It’s often hard to report on U.S. politics and government with a straight face. It’s even harder to report on the usual reporting on U.S. politics and government with a straight face. So much of it is beyond the reach of parody. Yet it also opens up opportunities to shock people with basic facts.
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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 15, 2018
Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their “independence” from government. They have become rogue players in a game of their own.
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by William Blum
Writer, Dandelion Salad
Killing Hope
February 8, 2018
“Fake news” is fake news.
The people who created Facebook and Google must be smart. They’re billionaires, their companies are worth multi-multi billions, their programs are used by billions around the world.
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with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
October 5, 2017
TheRealNews on Oct 4, 2017
“It should be called the Leona Helmsley tax plan,” says economist Michael Hudson. “Only the little people will pay taxes.”
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by Ralph Nader
The Nader Page
September 13, 2017
The monster of economic waste—over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations—started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall Street CEO, redefined unlawful ‘stock manipulation’ to exclude stock buybacks.
Image by Sean Davis via Flickr
with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
August 4, 2017
TheRealNews on Aug 4, 2017
Rising stock prices is not an indicator of financial health like Trump would have you believe, specially when you examine who is buying that stock, says economist Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy the Global Economy.
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by Ralph Nader
The Nader Page, July 11, 2016
July 14, 2016
Imagine you are a shareholder in a big company and the top executives are sitting on huge amounts of cash and are not interested in putting it to work through productive capital investments, research and development, reducing company debt or paying employees a higher wage. What would you want done about it? Since you and other shareholders are the owners of the company, you’d likely say “give us back our money in cash dividends.”
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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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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?
Dandelion Salad 