Tag Archives: Wall Street

Michael Hudson: QE Intentions All Too Obvious + Kleptocrats who run Ukraine economy will grab IMF cash & run

EU Austerity Albatross

Image by DonkeyHotey via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
March 11, 2015

TheRealNews on Mar 10, 2015

Michael Hudson says quantitative easing is a pretext to assist banks make even more profits

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Big Fish, Little Fish by Michael Hudson

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
January 11, 2015

Re-think Capitalism

Image by Steve Rhodes via Flickr

US 2015 budget anti pension law, January 2, 2015.

On the Senate’s last day in session in December, it approved the government’s $1.1 trillion budget for coming fiscal year.

Few people realize how radical the new U.S. budget law was. Budget laws are supposed to decide simply what to fund and what to cut. A budget is not supposed to make new law, or to rewrite the law. But that is what happened, and it was radical.

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Michael Hudson: Pensions of Union Workers Cut in Federal Budget

Pensions-demo-_8195a-sm

Image by Julian Stallabrass via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
January 5, 2015

TheRealNews on Jan 5, 2015

UMKC Economics Professor Michael Hudson discusses how Wall Street will profit as workers’ pensions get slashed.

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Propping Up the Derivatives Casino: Don’t Count on the FDIC by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 1, 2014

FDIC sticker, former bank drive up, Casa Grande, AZ

Image by saguarosally via Flickr

On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking. Continue reading

Michael Hudson: Why are Stock Markets so Volatile?

Capitalism Kills

Image by Dandelion Salad via Flickr

with Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
October 17, 2014

TheRealNews on Oct 17, 2014

Real serious depression pending as a result of austerity says Professor Michael Hudson, author of The Bubble and Beyond and Finance Capitalism and its Discontents.

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Why Are We Doing Business With A Corrupt Global Banking Cartel? by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
April 23, 2014

Sixteen of the world’s largest banks have been caught colluding to rig global interest rates. Why are we doing business with a corrupt global banking cartel?

United States Attorney General Eric Holder has declared that the too-big-to-fail Wall Street banks are too big to prosecute. But an outraged California jury might have different ideas. As noted in the California legal newspaper The Daily Journal: Continue reading

What A Destructive Wall Street Owes Young Americans by Ralph Nader

Tax the rich, not our future placard

Image by Plashing Vole via Flickr

Dandelion Salad

by Ralph Nader
The Nader Page
March 14, 2014

Wall Street’s big banks and their financial networks that collapsed the U.S. economy in 2008-2009, were saved with huge bailouts by the taxpayers, but these Wall Street Gamblers are still paid huge money and are again creeping toward reckless misbehavior. Their corporate crime wave strip-mined the economy for young workers, threw them on the unemployment rolls and helped make possible a low-wage economy that is draining away their ability to afford basic housing, goods, and services.

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The Stone that Brings Down Goliath? Richmond and Eminent Domain by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
March 3, 2014

In a nearly $13 billion settlement with the US Justice Department in November 2013, JPMorganChase admitted that it, along with every other large US bank, had engaged in mortgage fraud as a routine business practice, sowing the seeds of the mortgage meltdown. JPMorgan and other megabanks have now been caught in over a dozen major frauds, including LIBOR-rigging and bid-rigging; yet no prominent banker has gone to jail. Meanwhile, nearly a quarter of all mortgages nationally remain underwater (meaning the balance owed exceeds the current value of the home), sapping homeowners’ budgets, the housing market and the economy. Since the banks, the courts and the federal government have failed to give adequate relief to homeowners, some cities are taking matters into their own hands.

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Circus of Deceit–The Big Boys of The Fortune 500 by Wayne Burn

by Wayne Burn
Guest Writer, Dandelion Salad
Enemy of Empire, 8 December 2011
February 17, 2014

An Evening with the Fortune 500, May 7, 2012

Image by Mark Peterson/Fortune Live Media via Flickr

“Fascism should more appropriately be called Corporatism
because it is a merger of state and corporate power.” — Benito Mussolini

In the 1978 TV series “Connections”, science historian James Burke offered an alternative view of change. Continue reading

Amend the Fed by Ellen Brown

Federal Reserve Building in Washington D.C. - Illustration

Image by DonkeyHotey via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 7, 2013

December 23rd marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.

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Paying The Toll On The Economic Highway by William John Cox

by William John Cox
Guest Writer, Dandelion Salad
www.thevoters.org
November 5, 2013

The political coma of the U.S. government induced by Congress and its failure to represent those who elect it can ultimately be traced to the unfair and complex system of income taxation. Better for the country and more equitable for its taxpayers would be a toll tax on the movement of all money along the nation’s economic highway.

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Who Cares About The Planet Anyway? by Chris Williams

Dandelion Salad

Chris Williams, author of Ecology and Socialism: Solutions to Capitalist Ecological Crisis, and a participant in the ecosocialist coalition System Change Not Climate Change, reports on the latest report on climate change–and the Wall Street non-response to it.
SocialistWorker.org
October 1, 2013

Fw: global warming demostration

Image by 350.org via Flickr

“The conventional wisdom on the world’s stock markets is that all listed reserves will be exploited and burnt.”
— “Unburnable Carbon 2013: Are the World’s Financial Markets Carrying a Carbon Bubble,” report by Carbon Tracker Initiative

“Developing new green technology, hiring workers and investing in new productive facilities involves a real risk: it may not be as profitable as purely speculative investments.

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The Hidden Government Guarantee that Props Up the Shadow Banking System by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
September 17, 2013

Increased regulation and low interest rates are driving lending from the regulated commercial banking system into the unregulated shadow banking system. The shadow banks, although free of government regulation, are propped up by a hidden government guarantee in the form of safe harbor status under the 2005 Bankruptcy Reform Act pushed through by Wall Street. The result is to create perverse incentives for the financial system to self-destruct.

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How Banks Launder Money Through the Repo Market by Ellen Brown

by Ellen Brown
Writer, Dandelion Salad
webofdebt.com
August 26, 2013

Repo Bank

Image by Mark Turnauckas via Flickr

Giant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts. They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money?

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Money Is Not Safe In The Big Banks + Ellen Brown: The FED and Public Banking Explained

Dandelion Salad

FDIC sticker, former bank drive up, Casa Grande, AZ

Image by scrappy! via Flickr

publicbankingtv on Aug 24, 2013

People think that money is safe in the big banks because the FDIC will protect the deposits. This assumption is not based on the facts. This video will show official government documents that describe the plans for confiscating deposits when, (not if) a big bank fails. Individual, as well as public funds from municipal, university, county deposits are at serious risk. YOUR taxpayer money will disappear in the next crisis! Public officials in charge of taxpayer funds need to be aware of the dangers here. The loss of taxpayer funds and the inability to meet payrolls and obligations will certainly prompt a response that will both immediate and forceful.

This video may be useful to present to public officials to inform them of the dangers of losing public funds under their care.

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