How Financial Parasites and Debt Bondage Destroy the Global Economy
by Michael Hudson
Posted June 12, 2016
Economists for the last 50 years have used the term “host economy” for a country that lets in foreign investment. This term appears in most mainstream textbooks. A host implies a parasite. The term parasitism has been applied to finance by Martin Luther and others, but usually in the sense that you just talked about: simply taking something from the host.
But that’s not how biological parasites work in nature. Biological parasitism is more complex, and precisely for that reason it’s a better and more sophisticated metaphor for economics. The key is how a parasite takes over a host. It has enzymes that numb the host’s nervous system and brain. So if it stings or gets its claws into it, there’s a soporific anesthetic to block the host from realizing that it’s being taken over. Then the parasite sends enzymes into the brain. A parasite cannot take anything from the host unless it takes over the brain. More…
The Bilderberg 2016 Agenda: Trump, Riots, Migrants, Brexit
by Tyler Durden
Posted June 10, 2016
Every year, the world’s richest and most powerful business executives, bankers, media heads and politicians sit down in some luxurious and heavily guarded venue, and discuss how to shape the world in a way that maximizes profits for all involved, while perpetuating a status quo that has been highly beneficial for a select few, even if it means the ongoing destruction of the middle class. We are talking, of course, about the annual, and always secretive, Bilderberg meeting.
And, as the Guardian notes, “you know Bilderberg’s about to begin when you start seeing the guns.” What is really discussed is how to take the existing trends in the world, some favorable, some undesired, and mold them in such a way as to create even more wealth for the world’s 0.01%, while perpetutating the existing system, one which even the IMF agrees is no longer working. More…
The rise of the meta-criminal: Is the NSA manipulating the stock market?
by Jon Rappoport
Posted June 6, 2016
Trevor Timm of the Electronic Freedom Frontier dug up a very interesting nugget. It was embedded in the heralded December 2013 White House task force report on spying and snooping.
Under Recommendations, #31, section 2, he found this: “Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate financial systems.”
Timm quite rightly wondered: why were these warnings in the report? More…
Once Middle Class, Millions Are Joining the Ranks of ‘Disposable’ Americans
By Paul Buchheit
Posted June 1, 2016
Poor Americans are becoming increasingly disposable in our winner-take-all society, as often noted in the passionate writings of Henry Giroux. After 35 years of wealth redistribution to the super-rich, inequality has forced much of the middle class down to near-poverty levels, worsened by the fact that they are also blamed for their own misfortunes.
The evidence for this disposability keeps accumulating: income and wealth—and health—are all declining for middle-class America. Meanwhile, those at the top could not be less concerned. As wealth at the top grows, the super-rich feel they have little need for the rest of society. More…
The U.S. Government Is Quietly Paying Billions to Wall Street Banks
By Pam Martens and Russ Martens
Posted May 24, 2016
Wall Street On Parade has learned, by piecing together the SEC filings of Freddie Mac and Fannie Mae and previous Federal Reserve studies, that these two companies that have been in U.S. government conservatorship since the 2008 financial crisis, continue to pay out billions of dollars to the biggest Wall Street banks on their derivatives contracts.
This raises multiple red flags, not the least of which is how much does the U.S. public really understand about the 2008 financial crisis and what appears to be a continuing taxpayer bailout. It is well known at this point that AIG had to be bailed out because it owed over $90 billion on its derivative and security loan contracts to Wall Street and foreign banks. Now, it’s looking like Fannie Mae and Freddie Mac were also Wall Street’s derivatives patsies – or “dumb tourists” as author Michael Lewis might say. More…
By Cognitive Dissonance
Posted May 18, 2016
Ultimately the destructive capacity of any rogue wave is based upon its volume and velocity. In nearly all the examples shown on the reserve currency chart except present day, the ‘known world’, meaning those currencies that controlled commerce and people’s minds within a geographic location, did not encompass the globe or its entire population. Far from it in fact.
Those within the influence of previous reserve currency collapses definitely suffered each time the rogue passed. But there were always nations, resources and people outside the reserve currency system which acted as a buffer when the rogue wave roared through. Such is not the case this time, at least not to the same extent previously. And the proof is perfectly clear when carefully examined. When the Federal Reserve sneezes, emerging nations and their economies suffer massive convulsions.
It truly is different this time because the volume of the coming rogue wave will encircle the globe. Like a massive tsunami, the ripples and reverberations will be massively destructive and circle the globe many times until its energy is finally dissipated. More…
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