Search Results for: redistribution

What a “Jobless Recovery” Really Means: A Massive Redistribution of Wealth from the Little Guy to the Big Boys

Everyone from the Fed bank of San Francisco to Kiplinger’s is saying that we may have a “jobless recovery”. The meaning of the phrase jobless recovery itself is simple: A jobless recovery or jobless growth is a phrase used by … Continue reading

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Leading Economist Says True Purpose of Bank Rescue Plans is “A Massive Redistribution of Wealth to the Bank Shareholders and Their Top Executives”

Leading PhD economist Dean Baker minces no words in slamming the bailouts, the “bad bank” proposal, and the mainstream media’s dishonest reporting on the financial crisis. As Baker says in a new article: Mr. Geithner wants to use taxpayer dollars … Continue reading

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“Future Economic Historians” Will Probably Call the Period That Began In 2007 “the LONGEST DEPRESSION”

Sure, last year was the first pre-election year stock market loss since the Great Depression.  And admittedly, this week was the worst opening week of any year … EVER. But that’s not the big news. The big news is that … Continue reading

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The Most Profitable Work Will Be Automated: The Rest Will Be Left to Us

What’s abundant and what’s scarce? The question matters because as economist Michael Spence (among others) has noted, value and profits flow to what’s scarce.What’s in over-supply has little to no scarcity value and hence little to no profitability. What’s abundant … Continue reading

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Leaked Report: US-Backed Pinochet Dictatorship had High-Level Ties to Child-Torturing Ex-Nazi’s Fortified Cult

There’s a headline for you.  Yet the terms come from a Yahoo News report, which seems to be fairly well buried, as it only has one comment.  And, crucially, the report makes no mention whatsoever of the US support that … Continue reading

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Obama v. Putin: Their Debate on Crimea

The Source of the ‘New Cold War’: The Basic Disagreement Between Obama and Putin Eric Zuesse, originally posted at strategic–culture.org INTRODUCTION The basic disagreement between U.S. President Barack Obama and Russian President Vladimir Putin, and the source of the economic … Continue reading

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If You Don’t Think Americans Have Lost Our Freedoms, READ THIS

Painting by Anthony Freda: www.AnthonyFreda.com The Land of the Free and the Home of the Brave  The Land of the Fleeced and the Home of the Slave This post explains the liberties guaranteed in the Bill of Rights – the … Continue reading

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Bernie Sanders versus Obama & the Clintons: The Big Difference

Eric Zuesse I state here why I have come to support Bernie Sanders for President: Whereas Hillary Clinton, Bill Clinton and Barack Obama — the modern Democratic Establishment — have been so conservative they might as well have called themselves … Continue reading

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Economic grace of ‘Social Credit’: national dividend and compensated retail prices to facilitate consumer goods distribution in an age of robotics

by guest author Wallace Klinck “The unacknowledged, but obvious, truth is that unnecessary work, imposed by either edict or contrived financial legerdemain, is slavery and servitude—totally irrational and immoral.  Every engineer worthy of the name is trying to eliminate the need for … Continue reading

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IMF Violates IMF Rules, to Continue Ukraine Bailouts

Eric Zuesse The IMF, whose bailout operations are absorbed by the taxpayers in the member countries whenever a particular bailed-out nation defaults, announced on Friday, June 19th, that it will “continue to support Ukraine through its Lending-into-Arrears Policy even in the event … Continue reading

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CONSUMERS NOT FOLLOWING ORDERS

Last week the government reported personal income and spending for April. After months of blaming non-existent consumer spending on cold weather, shockingly occurring during the Winter, the captured mainstream media pundits, Ivy League educated Wall Street economist lackeys, and Keynesian … Continue reading

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The Founding Fathers Fought Against Inequality

George Washington, Thomas Jefferson, Alexander Hamilton, John Adams and James Madison Slammed Runaway Inequality The primary author of the Constitution – and later president – James Madison wrote: The great object [of political parties] should be to combat the evil: … Continue reading

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The “Cataclysmic Conflict” Yet to Come

By Anthony Cartalucci,  Land Destroyer. And what we can do to stop it. Corporate-financier interests driving US foreign policy have long ago conspired to use Al Qaeda and other sectarian extremist forces to create a Pan-Arabian mercenary force with which … Continue reading

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Global Debt Is MORE THAN TWICE AS BIG As the Entire World Economy … What Does It Mean?

Global Debt Is Almost 3 Times As Big As the World Economy The Guardian reports that global debt has grown by $57 trillion dollars – to $199 trillion dollars – since the 2008 financial crisis. How much is that?  It’s … Continue reading

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Pop Quiz: How Many Constitutional Rights Have We Lost?

Painting by Anthony Freda: www.AnthonyFreda.com How Many Constitutional Freedoms Have We Lost? This post explains the liberties guaranteed in the Bill of Rights – the first 10 amendments to the United States Constitution – and provides a scorecard on the … Continue reading

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Americans Still Have NO CLUE About How Much Inequality We Have

Politicians, Media and Wall Street May Be Trying to Hide the Size of the Gap Even years after the Occupy protests (love ’em or hate ’em, they focused everyone’s attention on inequality),  Americans are still clueless about how much inequality … Continue reading

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Big Bankster Running for Governor of California

Investment Banker and Head of Bank Bailouts This guy is running for Governor of California: Looks crazy, doesn’t he?  Who is he? He was the head of the big bank bailout program (known as Tarp) which most Americans strongly opposed.  … Continue reading

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Ukriane’s Civil War Is Restarting: a Good Site for Following It

Ukrainian Government is said to have air-dropped leaflets: “leave or die.” Introductory note by Eric Zuesse: Below is from a recent day’s report by the Belarusian (or “Byelorussian”) management-consulting firm Geopolitics, a site which often posts the most-penetrating daily reports … Continue reading

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A Different War-Is-Good-For-Us Argument

It seems like we just got through dealing with the argument that war is good for us because it brings peace. And along comes a very different twist, combined with some interesting insights. Here’s a blog post by Joshua Holland … Continue reading

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Could Obama’s Legacy Be Destroyed by His Ukraine Policy? What to Do About It —

Eric Zuesse The Ukrainian Government that the Obama Administration installed after Obama’s successful coup d’etat in Ukraine is now crashing and burning in the process of the newly installed Government’s ethnic-cleansing program to get rid of the people in Ukraine’s southeast, the area of Ukraine that had voted … Continue reading

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