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Economics & Markets

Why Progressives and Anarchists need to revisit basic algebra

Why Progressives and Anarchists need to revisit basic algebra

This results in a lot of inflation in the markets as the computers duel with each others, and is the opposite of transparency. Or, for that matter, good business sense from a managerial point of view. If you guess right, you do well; if you screw up, you screw up. Your investors get screwed, and you get wealthy.

Bail-Out Is Out, Bail-In Is In (by Ellen Brown)

Bail-Out Is Out, Bail-In Is In (by Ellen Brown)

By Ellen Brown, Web of Debt   “[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.”—Eric Sprott, Shree Kargutkar, “Caveat Depositor” The crossing of the Rubicon into the confiscation of depositor funds […]

Goldman Sachs the Vampire Squid

Goldman Sachs the Vampire Squid

In his classic 2009 Rolling Stone article, Matt Taibbi blames Goldman Sachs for causing the Great Depression, the Internet bubble and the skyrocketing price of gasoline. Author William D Cohan dismisses the article as a “screed” and “conspiracy theory journalism.

Global Economic Growth Ended in 2000

Global Economic Growth Ended in 2000

The main premise of Life After Growth: How the Global Economy Really Works – and Why 200 Years of Growth are Over is that global economic growth has ended. Western governments conceal this fact through debt creation, inflation and clever manipulation of statistical economic indicators. According to Tim Morgan, leading analyst at the London financial brokerage Tullett Prebon, economic growth ended in 2000 and the economy has been shrinking ever since.

Unemployed Youth: The Lost Generation

Unemployed Youth: The Lost Generation

High youth unemployment is a defining characteristic of the current recession. Despite the so-called recovery, a fifth or more of young people under thirty remain unemployed. In most countries, youth joblessness is triple the general unemployment rate.

New Hope for Underwater Borrowers

New Hope for Underwater Borrowers

Anti-eviction activists were thrilled with a November 25 ruling by the Federal Housing Finance Administration (FHFA), which seems to reverse the position taken by the Obama administration in federal court. Prior to the new ruling, homeowners foreclosed by Fannie Mae or Freddie Mac (the Enterprises)* found themselves in the painful position of watching their foreclosed […]

The Real Vampires: An Insider’s View of Banks

The Real Vampires: An Insider’s View of Banks

According to Quigley, banks have controlled western society by manipulating the money supply since the creation of the Bank of England and the fractional reserve lending system in 1694.

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