Select Page

Economic Articles from 2020

Reimagining democratic public ownership for the twenty-first century

[Community] [Economic]
Reimagining democratic public ownership for the twenty-first century
by Thomas Hanna and Mathew Lawrence
Posted April 7, 2020

new models of ownershipA new transatlantic project will explore how new models of public ownership can shape the emerging commanding heights of the economy.

As we enter the second decade of the new century, signs of crisis are all around us. Climate change, rising economic inequality, assaults on workers’ rights and wages, unchecked corporate power, financialization, entrenched racism, misogyny, and xenophobia, and emboldened neo-fascism and right-wing populism, to name a few.

These are not simply isolated phenomena or unexpected byproducts of an otherwise healthy economic model. The entwined crises we face share a deep-rooted common cause: the undemocratic, inequitable, and extractive nature of our economic system. Despite the veneer of a prosperous recovery from the great financial crisis a decade ago many people rightly feel the economy no longer works for them and this is contributing to a deep popular disenchantment and realignment that is reconfiguring our politics and societies. More…

COVID-19: How Corona Broke the System

[Economic][Social]
COVID-19: How Corona Broke the System
By Marc Saxer
Posted March 27, 2020

corona virus broke the systemNo one knows how long the pandemic will last, how many people will fall ill, how many lives the coronavirus will claim. But the economic and political consequences of the outbreak are already emerging. Measures to contain the pandemic are disrupting public life around the world.

The age of neoliberalism, in terms of the primacy of market interests over all other social interests, is coming to an end. Of course, all of these measures are due to the state of emergency. However, citizens will remember them when they soon again are told ‘There is no alternative.’ With the crisis, long-dormant sphere of politics has been set into motion. After four decades of neoliberal scepticism about the state, a long forgotten fact is coming to the light: that nation states still have enormous creative power, if only they are willing to use it. More…

This is the “Quiet Time”, Choose Wisely

[Community] [Economic]
This is the “Quiet Time”, Choose Wisely
by Rudy Avizius
Posted March 27, 2020

we are at a fork in the roadWe are at a fork in the road, the path will no longer go in the same straight ahead direction. We now have to mindfully decide which fork to choose and either choice will take us in a totally new direction. The choice we make will profoundly affect the world we live in. We now have the “quiet time” to reflect and make our choice wisely. One fork or direction is based on fear and competition, the other fork is based in caring and cooperation.

The one thing that is certain about the Covid19 pandemic is that the world as we currently know it will no longer be the same after the pandemic passes. There will be tectonic shifts that will overlap in the post pandemic social, political, economic and spiritual realms.

Dramatic changes in any of the above realms rarely happen during periods of comfort and abundance. However during times of crisis or stress people are much more willing to consider ideas or solutions they may not have during the comfortable times. Many people have already encountered an eerie sense of quiet as external circumstances such traffic, activities, and events have been reduced or stopped completely. These “quiet times” can also be internal and often come after a traumatic event such as the loss of a loved one, job, relationship, or some other traumatic event. It is during these “quiet times” that people tune out the external world and enter into a period of deep introspection, and when they emerge, a shift has taken place and things are usually not the same. Some form of metamorphosis has taken place and we emerge as different people. This “quiet time” is a key part of our growth as individuals. This “quiet time” can also be a time of growth and dramatic change for our institutions, governance, and lifestyles. More…

Wall Street’s Crisis Began Four Months Before the First Reported Death from Coronavirus in China; Here’s the Proof

[Economic]
Wall Street’s Crisis Began Four Months Before the First Reported Death from Coronavirus in China; Here’s the Proof
By Pam Martens and Russ Martens
Posted March 25, 2020

Wall St problems started long before Corona virusU.S. Treasury Secretary Steve Mnuchin and Wall Street pundits are all over cable news, repeating the mantra that “this is nothing like the last financial crisis,” while seeking to lay the blame for all of the newly-announced bailout measures for Wall Street at the feet of the coronavirus. But in terms of Wall Street privatizing profits and socializing losses, this is exactly like the last financial crisis.

Wall Street’s crisis has a specific launch date: September 17, 2019. That’s when the Fed, for the first time since the last financial crisis, began dumping hundreds of billions of dollars a week into Wall Street’s trading houses. That program, called “repo loans,” now tallies up to more than $9 trillion in cumulative loans made to Wall Street at super-cheap borrowing rates. The first article we wrote on that Fed program was dated September 18, 2019 and titled: The Fed Intervened in Overnight Lending for First Time Since the Crash. Why It Matters to You. More…

Welcome to Sweatshop Amerika! The next bailout will be our last

[Economic]
Welcome to Sweatshop Amerika! The next bailout will be our last
by Mike Whitney
Posted March 24, 2020

government wants to subsidize private cartelImagine if the congress approved a measure to form a public-private partnership between the US Treasury and the Federal Reserve. Can you imagine that?

Now imagine if a panicky and ill-informed Congress gave the Fed a blank check to bail out all of its crooked crony corporate and Wall Street friends, allowing the Fed to provide more than $4.5 trillion to underwater corporations that ripped off Mom and Pop investors by selling them bonds that were used to goose their stock prices so fatcat CEOs could make off like bandits. Imagine if all that red ink from private actors was piled onto the national debt pushing long-term interest rates into the stratosphere while crushing small businesses, households and ordinary working people.

Now try to imagine the impact this would have on the nation’s future. Imagine if the Central Bank was given the green-light to devour the Treasury, control the country’s “purse strings”, and use nation’s taxing authority to shore up its trillions in ultra-risky leveraged bets, its opaque financially-engineered ponzi-instruments, and its massive speculative debts that have gone pear-shaped leaving a gaping black hole on its balance sheet?

Well, you won’t have to imagine this scenario for much longer, because the reality is nearly at hand. More…

Let’s Contemplate A Future Without Money & How It Would Work

[Spiritual] [Economic]
Let’s Contemplate A Future Without Money & How It Would Work
by Richard Enos
Posted March 15, 2020

a future without moneyWhile it is still not commonly held in mainstream discourse that humanity could survive and even thrive without some form of monetary exchange, more and more people that are starting to trace their general discontent about contemporary society to its source are finding money and profit motive at the root of it.

Perhaps the first of the knee-jerk reactions some people might have to the idea of shifting into a money-free system is the sinking feeling of watching their hard-earned wealth evaporate into nothingness, which they might equate with abject poverty. We are so programmed to equate money with abundance that we don’t understand what abundance truly is.

At the heart of it our ‘net’ abundance is shared, and is grounded in the resources available in nature on the planet. The aggregate of these natural resources not only represents our potential abundance but our very survival. A money system grants ownership to many of these resources, and makes it exponentially easier for those with abundance to get more abundance at the expense of the vast majority of people. A money system is, in some ways, antithetical to the proper management and distribution of these resources. Without money, each individual would naturally be entitled to their share of all the resources in the world, and that would never change. But how would such a system work? More…

 

Why the Coming Economic Collapse Will NOT be Caused by Corona Virus

[Economic]
Why the Coming Economic Collapse Will NOT be Caused by Corona Virus
by Matthew Ehret
Posted March 12, 2020

Corona virus is only en excuseThis is the system which died in 2008. Contrary to popular belief, nothing was actually resolved. For all the talk of an “FDR revival” under Obama, speculation wasn’t actually regulated under the Dodd-Frank Act or the Volker Rule of 2010. No productive credit was created to grow the real economy under a national mission as was the case in 1933-1938.

Banks were not broken up while derivatives GREW by 40% with the new bubble concentrated in the corporate/household debt sector now collapsing. During this time, nation states continued to be stripped, as austerity was rammed down the throats of nations.

It should be no surprise that in the midst of this despair, a creative alliance was consolidated in defense of the interests of sovereign nation states and humanity at large led by the leadership of Russia and China. More…

How Long Will It Take For The US To Collapse?

[Economic]
How Long Will It Take For The US To Collapse?
by Brandon Smith
Posted March 3, 2020

US dollar collapse There are a multitude of false assumptions out there on what the collapse of a nation or “empire” looks like. Modern day Americans have never experienced this type of event, only peripheral crises and crashes. Thanks to Hollywood, many in the public are under the delusion that a collapse is an overnight affair. They think that such a thing is impossible in their lifetimes, and if it did happen, it would happen as it does in the movies – They would simply wake up one morning and find the world on fire. Historically speaking, this is not how it works. The collapse of an empire is a process, not an event.

This is not to say that there are not moments of shock and awe; there certainly are. As we witnessed during the Great Depression, or in 2008, the system can only be propped up artificially for so long before the bubble pops. In past instances of central bank intervention, the window for manipulation is around ten years between events, give or take a couple of years. For the average person, a decade might seem like a long time. For the banking elites behind the degradation of our society and economy, a decade is a blink of an eye. More…

The Global Economy Was Sinking Long Before The Coronavirus Appeared

[Economic]
The Global Economy Was Sinking Long Before The Coronavirus Appeared
by Brandon Smith
Posted February 28, 2020

economy was sinking long before corona virusIn order to determine if a geopolitical or economic threat is legitimate, I find it helps to watch how the mainstream propaganda narrative flows and changes. For example, for the past year as almost every fundamental indicator was flashing warning signs on the global economy the primary message in the mainstream was that central banks would never allow any major shocks to the financial system. In other words, they would pour in cash at the slightest hint of trouble. The conclusion for the investment world? To “buy the F’ing dip!” Why not? You can’t lose.

Despite the fact that fraudulent stock markets artificially inflated by corporate stock buybacks are irrelevant to the health of our system, they still represent a psychological placebo for the masses. Very few people care that it is a historic bubble; as long as everything is in the green they assume that all is well with the economy. More…

End The Illusion Films

End The Illusion Blog


Go to HOME PAGE

______________________________

Quotable Sayings

billionaires don't EARN money, they MAKE money

You do not become a billionaire through labor. You become a billionaire through inheritance, corruption or economic rents – or, in most cases, some mixture of all three.

Grace Blakeley

______________________________

same puppet master pulling strings on both sides

Mainstream American liberals think they’re clear-eyed because they can see the propaganda strings being pulled by Fox and Donald Trump, and mainstream American conservatives think they’re clear-eyed because they can see the propaganda strings being pulled by MSNBC and the Democrats, but the propaganda strings on both trace back to the same puppet master. And seeing that is just the beginning.

Caitlin Johnstone

______________________________

discover your infinite worth

You alone are the judge of your worth and your goal is to discover infinite worth in yourself, no matter what anyone else thinks.

Deepak Chopra

_____________________________

main stream media propaganda

It is obvious that the US government is destroying Assange to signal to journalists the consequences of publishing information. It is therefore also obvious that any journalist who fails to use whatever platform they have to speak out against Assange’s persecution has no intention of ever publishing anything that the US government doesn’t want published. Their silence on or support for what is being done to this man can and should be taken as an admission that they are nothing other than state propagandists.

Caitlin Johnstone

_____________________________

truth is treason in an empire of lies

It’s quite fitting that the – imperially pre-determined – judicial fate of Julian Assange is being played out in Britain, the home of George Orwell.

Pepe Escobar

_____________________________

More Quotable Sayings

_____________________________
_____________________________

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

This site is designed for people who wish to follow important events, but do not have time to do a lot of reading. If you follow this site for a period of time, the daily fresh stories in different categories will over time provide you with an understanding of the “big picture” by showing you both the problems and the solutions. Hopefully this will inspire you to listen to your inner wisdom and become part of the solution.