Is the West backing a Gangster State in Ukraine?

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What the hell is happening in Ukraine?  Where’s the reporting of the frightening developments described in the video clip below?  Contrast these quotes from the clip with the relative complacency of most MSM reports: Leading intelligence author William Engdahl’s investigated … Continue reading

40 years on Allende’s murder is still significant

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The global community continues to experience the direct consequences of the overthrow of the democratically elected President of Chile, Salvador Allende on 9/11/1973.  With the torture and deaths of 30+k people, Chile was turned into a real-world economic experiment, implementing … Continue reading

Government Debt and Deficits Are Not the Problem – Private Debt Is

Government Debt and Deficits Are Not the Problem – Private Debt Is

Published on Mar 24, 2013

Michael Hudson: Why do they call for governments to balance the budget by pushing the economy at large deeper into debt, while trying to save the banks from taking a loss?

Why do they need lobbyists when they’ve price fixing and debt deflation?

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Massive bonuses being paid at the top of the financial sector and massive donations are being made to the Conservatives by the financial sector.  The global markets are rigged, with credit/low interest rates ensuring that the redistribution of wealth flows … Continue reading

Mrs Thatcher was not the wicked witch of the west …

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The original story of the ‘Wonderful Wizard of Oz’ was allegorical… the wicked witch of the west represented the US West Coast banks of the 1890s… and the wicked witch of the east, the East Coast banks. (See the Money … Continue reading

Banks too big to fail, too big to jail – Michael Hudson

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Michael Hudson Discusses Why We Need Public (nationalised) Banks to Prevent Cannibalization of the Economy on Real News Network Read more at http://www.nakedcapitalism.com/2013/03/michael-hudson-discusses-why-we-need-private-banks-to-prevent-cannibalization-of-the-economy-on-real-news-network.html#JWfRHS4fUL7MflkI.99

Are we heading to an economic crash in the next few years?

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Quote of 2013 – “Marx was too optimistic about banking” Why? Because although he described banks as parasitic, Marx believed that they would eventually evolve such that they would: ‘make productive loans to finance industry. The aim was for banks to … Continue reading