The Secret Global Court: Why Corporate Criminals & Corrupt Politicians Desperately Want TPP

The Secret Global Court: Why Corporate Criminals & Corrupt Politicians Desperately Want TPP
by Mike Krieger
Posted September 3, 2016

TPP protestObama needs to ensure he gets well compensated after leaving office for a job well done protecting, defending and further enriching the global oligarch class. This is precisely why he’s so adamant about passing the TPP during the upcoming lame duck session of Congress, when he knows “representatives” who no longer face reelection can be coerced or bribed into voting for this monumental public betrayal.

The Trans-Pacific Partnership (TPP) ins’t really a free trade deal, it’s a way for global oligarchs to consolidate, grow and protect their enormous wealth. The investor-state dispute settlement system (ISDS) is perhaps the most nefarious and objectionable aspect of the deal, with this shadowy court system being used to accomplish the following for the super rich and powerful: More…

The Money Myth Exploded

The Money Myth Exploded
by Louis Even
Posted August 16, 2016

a banker arrives at the islandOne evening, when our boys were sitting on the beach going over their problem for the hundredth time, they suddenly saw approaching a small boat with a solitary man at the oars. They learned that he was the only survivor of a wreck. His name: Oliver.

“Even though we’re lost and cut off from the rest of the world,” they told him, “we haven’t too much to complain about. The earth and the forest are good to us. We lack only one thing — money. That would make it easier for us to exchange our products.”

“Well, you can thank Providence,” replied Oliver, “because I am a banker, and in no time at all, I’ll set up a system of money guaranteed to satisfy you. Then you’ll have everything that people in civilization have.” A banker!… A BANKER!… An angel coming down out of the clouds couldn’t have inspired more reverence and respect in our men. For, after all, are we not accustomed, we people in civilization, to genuflect before bankers, those men who control the lifeblood of finance? More…

When Systems Crumble: Looking Beyond Global Capitalism

When Systems Crumble: Looking Beyond Global Capitalism
By Richard D. Wolff
Posted August 14, 2016

employee-employer relations crumbleAs global capitalism staggers painfully, unevenly and dangerously in the wake of its 2008 collapse, its critics divide into two broad camps. One commits to fixing or reforming a capitalism that has somehow lost its way. The other finds capitalism irreparably inadequate and seeks transition to a new and different system.

The two camps see many of the same faults: how capitalism relentlessly deepens inequalities of income, wealth, power and access to culture; capitalism’s instability (those socially costly cycles it never managed to prevent); and its consequent injustices. Sometimes the two camps can ally and work together. However, at other times — such as now — the camps become more wary of, disaffected from, and competitive with one another. Adding complexity these days, the critics favoring system change are also redefining — for potential recruits and for themselves — the new system they seek. More…

The Dirty Business of U.S. ‘Think Tanks’

The Dirty Business of U.S. ‘Think Tanks’
by Michael Krieger
Posted August 12, 2016

crony capitalism is phony capitalismIt’s important to acknowledge that the U.S. economy has morphed into one gigantic lawless crime scene. An environment in which crony insiders who add zero value to society parasitically feast on the country’s treasure. In the case of so-called “think tanks,” we have organizations receiving copious taxpayer subsidies for the privilege of screwing over the American public.

Indeed, “think tanks” represent a key, overlooked player in the never-ending information war being waged against the American public. A war specifically designed to shape public perception in favor of policies that go against our best interests while making a handful of people extremely wealthy. More…

Forget Clinton’s and Trump’s Plans for the Economy: It’s Time to Erase Debt and Create Jobs

Forget Clinton’s and Trump’s Plans for the Economy: It’s Time to Erase Debt and Create Jobs
By Mike Krauss
Posted August 8, 2016

Wall Street extracting your wealthSo far, neither Donald Trump nor Hillary Clinton has offered a credible plan to restart the long-stalled U.S. economy.

There is an alternative. The U.S. Treasury has the power to extinguish debt, rebuild publicly owned infrastructure and propel the economy forward like a rocket. It is the power to create the nation’s supply of money, which Congress surrendered to the private banks that own the Federal Reserve upon the Fed’s creation in 1913. It’s time to take that power back.

This proposal is similar to—but more far-reaching than—the action taken by President Lincoln during the Civil War, when to bypass that era’s banksters and the usurious interest they extracted to finance the war, he had the Treasury issue $450 million of greenbacks. More…

The Looming Financial Crisis Nobody Is Talking About, But Should Be

The Looming Financial Crisis Nobody Is Talking About, But Should Be
by Shaun Bradley
Posted August 3, 2016

financial crisis brewingThe world has been captivated by a continuous stream of disturbing and shocking headlines. Seemingly every other day, different terrorist attacks, police assassinations or political stunts ignite the public into an emotional frenzy. But as fear shuts down critical thinking, banks that control Europe’s financial system are entering a death spiral. Despite what establishment media narratives push, the most dangerous threat to our way of life isn’t a religious ideology or political divide.

The real risk is a contagion that is undermining the core of the financial system, and the interconnectedness of the globalized economy we live in makes containing the problem nearly impossible. If these dominos continue to fall in Europe, the momentum could carry the destruction to every corner of the globe. More…

How Much Do Shady Financial Practices Cost You, Exactly?

How Much Do Shady Financial Practices Cost You, Exactly?
By Lynn Parramore
Posted July 30, 2016

financial parasitesAmerica’s financial system is broken for all but a few at the top — that much is plain. The rest sense that we are stuck on the minus end of some great financial formula, but given the complexity and size of Big Finance, it’s hard to pin down exactly why it happens and how it all adds up.

Enter economist Gerald Epstein of the University of Massachusetts, Amherst. He has dived in and crunched the numbers, and the results are eye-popping. Epstein and his colleague Juan Antonio Montecino look at exactly how families, taxpayers and businesses get ripped off by dubious financial activities and tally up the costs in a new paper for the Roosevelt Institute, “Overcharged: The High Cost of Finance.” (The Institute for New Economic Thinking has also supported several papers by Epstein). More…

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The Shocking Truth about Our Money System and How We Can Break Free!

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Great story on why we need to remove ALL of our elected government representatives

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