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?

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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

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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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It Is All About Relative Power Of The One Percent by Michael Hudson + 10 Years Since Lehman Brothers Bankruptcy – Did the Economy Really Recover?

Occupy Wall Street - 11/3/11 - 006

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Updated: Sept. 19, 2018

by Michael Hudson
Writer, Dandelion Salad
September 18, 2018

Wall Street did not let the Lehman Brothers crisis go to waste. The banks that have paid the largest fines for financial fraud are now much bigger and more profitable. The victims of their junk mortgage loans are poorer, and the economy is facing debt deflation.

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Meet the One Percent: Peter Phillips’ Giants: The Global Power Elite by Marc Eliot Stein

Diego Rivera, Man, Controller of the Universe, 1934, detail.

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Republished with permission from David Swanson at World Beyond War

by Marc Eliot Stein
World Beyond War, Aug. 25, 2018
August 26, 2018

Peter Phillips, professor of Political Sociology at Sonoma State University and media researcher for Project Censored and Media Freedom Foundation, presented a summary of his groundbreaking new book Giants: The Global Power Elite last week at Fordham University’s campus in Manhattan. This was an information-packed session that explained the unique purpose of this new book: exposing to public view the private workings of the influential investment partnerships, global councils, think tanks, consortiums and other non-governmental organizations that translate the agenda of the wealthy one-percent into policy plans and proposals that the most powerful governments in the world can act on.

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11 Million Reasons For Wall Street and London To Hate Russia by Caleb Maupin

The Burning of the Sky

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by Caleb Maupin
Writer, Dandelion Salad
Caleb Maupin (website)
Caleb Maupin (Facebook Page)
New Eastern Outlook
July 26, 2018

Why does the US media have an anti-Russian fixation? It’s not what the American people want to hear. 71% of the Ronald Reagan-loving, military-obsessed Republican Party approve of Trump meeting with Putin. On the other side, top liberal CNN commentator and former President Obama’s adviser, Van Jones has admitted in a video recording that the “Russiagate” story is a “big nothing burger” which Democrats are not interested in. The Russia-fixated, Hillary Clinton-DNC liberal establishment now faces an upsurge of opposition from Democratic Socialists like Alexandria Ocasio-Cortez and Bernie Sanders, who emphasize the need for populist economics reforms.

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Smedley Butler: I Was A Racketeer, A Gangster For Capitalism

War is a racket - Smedley Butler

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“I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism.” — Smedley D. Butler, War is a Racket, Round Table Press (1935)

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Michael Hudson: The Class War is Still in Business

Police Pay protest march, London SG101482

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with Michael Hudson
Writer, Dandelion Salad
Michael Hudson
November 19, 2017

RT on Nov 7, 2017

In this episode of the Keiser Report, Max and Stacy discuss 100 years of humiliation and unintentional self-parody as one empire goes and another, perhaps, rises again. In the second half, Max interviews Dr. Michael Hudson of michael-hudson.com to discuss the Democratic party in an era of dodgy pee-pee dossiers and no economic policies.

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