corporatism

The Finance Addict writes : "We need to put our cynic hats on and start questioning why it is that the SEC isn’t getting any. My guess–it’s no accident."

The country is now suffering a second round of economic and financial distress stemming from the collapse of its banking system in October 2008. That crisis caused a huge loss of savings not only for domestic citizens but also for…

A friend sent this to me. It’s a note making the rounds by e-mail. If I get a source, I will link to it:

The special interest most people are concerned about are the banks. In the banking sector, fraud was a major contributor to the crisis. Because the White House has not prosecuted these frauds, bankers in general are now denounced as…

Below is a video of my appearance on RT International last night discussing the recent bill to authorise sanctions against the Chinese for currency manipulation. I see this bill as all about the politics and little about the economics.

Alright, I have a mea culpa here. Check out this quote from June 2008

Jon Stewart has noticed that Fox News is selling viewers on the view that ‘socialists’ like Warren Buffet and Barack Obama are engaged in class warfare. He presents an amusing view; take a look.

The essence of classical free market economics was to restrict Executive power – in an epoch when war-making power was the major abuse of national interests. Just as the lower house of bicameral legislatures had taken over the power to…

We repeat: the “debt problem” is a currency problem and the currency must and will collapse. The global monetary system exists at the pleasure of the Fed, which legally exists at the pleasure of Congress, which as we have learned only has…

Michael Hudson and William Hartung make the argument that military spending was exempted from cuts in the debt ceiling deal because it had strong backers who protected it. They also reveal that the US debt ceiling was put into place to keep…