Michael Hudson: Financialization and Deindustrialization

kill capitalism

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by Michael Hudson
Writer, Dandelion Salad
November 10, 2020

theAnalysis-news on Nov 2, 2020

Trump’s economic policies have not addressed the fundamental forces that have gutted industrial jobs under the administrations of both parties, says economist Michael Hudson on theAnalysis.news podcast with Paul Jay.

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Don’t Let Up: Fascism Isn’t Dead Yet, by Pete Dolack

smash fascism

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by Pete Dolack
Writer, Dandelion Salad
Systemic Disorder
November 5, 2020

Even if Joe Biden had won the U.S. presidency by the expected landslide, the threat of fascism would remain. And not simply because Trumpites are not going away anytime soon.

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Chris Hedges: American Empire Collapse: It’s About To Get Much Worse

CAPiTALiSM KiLLS

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Dandelion Salad

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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How a Pandemic is Destroying the West, by Michael Hudson

Where's my bailout?

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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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Meet BlackRock, the New Great Vampire Squid, by Ellen Brown

Capitalism Is Crisis

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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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Jack Rasmus: The Bailout For Workers Needs To Be As Big As The Bailout For Banks + Richard Wolff: Fate of the Global Economy

CAPiTALiSM KiLLS

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Dandelion Salad

TheRealNews on Mar 24, 2020

What relief will American workers get after the government poured $2.2 trillion into banks and businesses? Economist Dr. Jack Rasmus explains why the bailout for workers needs to be as big as the bailout for banks.

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

Class War #occupyboston

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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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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

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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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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

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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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Repo Madness by Ellen Brown

Rich Uncle Pennybags

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by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
January 12, 2020

Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central bank’s lending window is open only to licensed depository banks; but the Fed is now pouring billions of dollars into the repo (repurchase agreements) market, in effect making risk-free loans to speculators at less than 2%.

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Michael Hudson: The Beginning of the End of Super Imperialism in 2020?

Michael Hudson: The Beginning of the End of Super Imperialism in 2020?

Screenshot by Dandelion Salad via Flickr
Watch the video below

with Michael Hudson
Writer, Dandelion Salad
January 2, 2020

RT on Jan 2, 2020

Continuing with their New Year’s Eve celebrations, the Keiser Report is joined by Dr. Michael Hudson, author of Super Imperialism: The Origin and Fundamentals of US World Dominance. Will 2020 see further decline in that super imperialism about which he first wrote all those decades ago? They discuss this and then turn to the upcoming elections in the US and whether or not he believes the stock market numbers will aid Trump. Finally, the discussion takes in Hudson’s views on uprisings globally and whether they herald the end of the age of neoliberalism.

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Is the Run on the Dollar Due to Panic or Greed? by Ellen Brown

Rich Uncle Pennybags

Image by Sean Davis via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
November 8, 2019

What’s going on in the repo market? Rates on repurchase agreements (“repo”) should be around 2%, in line with the fed funds rate. But they shot up to over 5% on September 16 and got as high as 10% on September 17. Yet banks were refusing to lend to each other, evidently passing up big profits to hold onto their cash – just as they did in the housing market crash and Great Recession of 2008-09.

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Starve Out the DNC– Boycott The Democratic Party! by Michael Hudson

Starve Out the DNC-- Boycott The Democratic Party! by Michael Hudson

Screenshot by Dandelion Salad via Flickr

by Michael Hudson
Writer, Dandelion Salad
September 15, 2019

Why we need to abolish the Democratic National Committee, even if that means breaking up the Democratic Party

Thursday’s debate on Walt Disney’s ABC channel is shaping up as yet another shameless charade. The pretense is that we are to select who the Democratic presidential candidate will be. But the limited airing of their personalities reflects the fact that most Americans, as the Irish say, vote with their backsides, belonging to the informal but dominant party of non-voters who choose not to be sucked into legitimizing the bad choices put before them.

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Chris Hedges: Ralph Nader on the Importance of a Civic Life, Part 2

Washington DC - Capitol Building

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Dandelion Salad

with Chris Hedges and

RT America on Jun 29, 2019

“Trump has taught us a lot about ourselves. He has taught us what happens when we don’t do our homework. He has taught us what happens when we don’t spend time on our civic duties back home….” In the second part of Chris Hedges’ interview with Ralph Nader, activist and attorney, on the importance of a civic life.

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Chris Hedges and Michael Hudson: Putting the Interests of the 1% over the 99%, the Economies are Committing Financial Suicide

cancel the debt

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with Michael Hudson and Chris Hedges
Writer, Dandelion Salad
December 15, 2018

RT America on Dec 15, 2018

Economist and author, Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent debt peonage and the rise of an oligarch elite.

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