Socialism at Its Finest after Fed’s Bazooka Fails by Ellen Brown

Class War #occupyboston

Image by Chase Elliott Clark via Flickr

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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The Fed’s Baffling Response to the Coronavirus by Ellen Brown + Richard Wolff: The Inherent Instability Of Capitalism Is Its Tendency To Have Economic Crises Every Few Years

Stock Market Crash Mission St. Grafitti

Image by zemistor via Flickr

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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Richard Wolff: Banks are Trembling! + Caleb Maupin: Oil Crisis on Wall Street! + Sanders Slams Trump’s Alleged “Natural Ability” To Understand Coronavirus

Capitalism Is Crisis

Image by Steffi Reichert via Flickr

Dandelion Salad

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.

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Lee Camp’s New Book, Bullet Points and Punch Lines, reviewed by David Swanson + Lee Camp: CNBC Anchor Nearly Chokes On Air When Told The Truth

Lee Camp’s New Book, Bullet Points and Punch Lines, reviewed by David Swanson + Lee Camp: CNBC Anchor Nearly Chokes On Air When Told The Truth

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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When And How The Economy Will Collapse Is Now In The Hands Of Central Bankers by Ellen Brown

Rich Uncle Pennybags

Image by Sean Davis via Flickr

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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Liberals These Days are Largely Cold Warriors by William Blum

chicago, illinois

Image by elle a via Flickr

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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Michael Hudson: Only The Little People Will Pay Taxes

Police Pay protest march, London SG101482

Image by fotdmike via Flickr

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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Destructive Stock Buybacks—That You Pay For by Ralph Nader

cwg_corporate

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Dandelion Salad

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.

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Michael Hudson: Corporations Are Taking The Money and Running + Transcript

Rich Uncle Pennybags

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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Vanishing the People’s Wealth to Make the Bosses Richer by Ralph Nader

Street Art heidelberg Juni 2013 (9)

Image by liborius via Flickr

Dandelion Salad

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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Michael Hudson: Corporate Buybacks Behind the Market Crash

Mission St. Grafitti

Image by zemistor via Flickr

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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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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American Economy: The Flooded Engine by Josh Sidman

by Josh Sidman
Dandelion Salad
Featured Writer
Oct. 11, 2007

(WARNING: MIXED METAPHORS AHEAD. PROCEED WITH CAUTION.)

Anyone who has had the unpleasant experience of trying to start an old car with a faulty ignition will be familiar with the phenomenon of a flooded engine. When you’re having trouble starting a car, it is usually effective to step on the gas pedal while turning the key in an effort to force-fire the engine. However, this procedure can become counterproductive if used to excess. Eventually too much gas is administered, and the engine will not start again until the excess gasoline has had time to drain off or otherwise dissipate.

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