News Dump Monday: Echo Bubble Economy edition
Submitted by gjohnsit on Mon, 03/21/2016 - 11:15amOil prices have made a small bounce from sub-$30 to $40, despite a record glut of inventory. Good news for producers? Nope.
economy
The Velocity of Bernie
Submitted by Blueslide on Sat, 03/19/2016 - 8:49amThe term wealth redistribution, often used by the mainstream media and critics of Democratic Socialism is an obvious mis-characterization. It implies wealth distribution in the first place. We 99 percenters know, wealth is pooled up at the top with the serious people that run things.
Are you willing to give up your pension and 401(k)?
Submitted by Thursday Next on Sat, 03/19/2016 - 8:09amIt felt like a veil had been lifted from my eyes and I had a totally new understanding of people and events pushing the levers of government when I first listened to Catherine Austin Fitts explain how trillions of dollars were sucked out of the US economy by an organized crime syndicate consisting of government and big banks.
The next step must be to root out all of the greed and lawlessness, right?
The Looting of America
Submitted by Thursday Next on Wed, 03/16/2016 - 8:13amA couple of days ago, I came across Catherine Austin Fitts for the first time. Fitts, a Wall Street investor and former Assistant Secretary of Housing, uncovered the methods for sucking trillions of dollars out of the US. She explains that it is a coordinated effort between the government and the big banks -- organized crime, she calls it.
She's an excellent speaker and explains it all really well so I recommend that you listen to her rather than have me write out the juicy bits.
"Something is wrong with the US economy"
Submitted by gjohnsit on Wed, 02/24/2016 - 1:57pmOn January 13, President Obama described the economy as "strong" and "durable".
How we got here, and how to prevent it from happening again
Submitted by gjohnsit on Wed, 09/23/2015 - 1:34pmOn June 24, 1982, four bank examiners from the Federal Reserve Bank of Kansas City walked into the rear of a small shopping mall in Oklahoma City.
This unlikely location marks the start of a series of events that nearly brought us to the brink of a global economic collapse and a second Great Depression.
Feudalism, Peasant Revolts, and History Repeating
Submitted by gjohnsit on Thu, 09/10/2015 - 2:19pmTony Blair, senior adviser to JP Morgan and former British prime minister, felt it necessary to defend his current and former employers:
Unemployed Councils and Eviction Riots
Submitted by gjohnsit on Tue, 09/08/2015 - 10:08amIt was the morning of January 22, 1932, in a quiet, middle-class neighborhood of the Bronx. A crowd was gathering in front of 2302 Olinville Avenue, near the Bronx Park.
City Marshals and Police had moved in to evict 17 tenants who were on a "rent strike". A crowd of 4,000 had gathered nearby.
It's still the economy, stupid
Submitted by gjohnsit on Mon, 08/10/2015 - 3:14pm
Because Americans have come to prefer political echo chambers, it's important to looks at the polls in order to see what Americans truly care about.
It's just as important, after looking at the polls, to understand why.
The ways in which the economy never recovered from 2008
Submitted by gjohnsit on Sun, 07/26/2015 - 4:09pmThe headline economic numbers are far better now than in 2008-2009. The unemployment rate, the GDP, the national deficit, the stock market, etc. have all improved.
Yet many of us can't shake the feeling that things are still stuck in 2008. Well, you aren't crazy.
Many areas of the economy have never recovered from the 2008, and some are even worse today.
