Occupy Wall Street

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James Howard Kunstler – Going to financialization hell in a handbasket of deplorables

As our politicos creep deeper into a legalistic wilderness hunting for phantoms of Russian collusion, nobody pays attention to the most dangerous force in American life: the unraveling financialization of the economy. By James Howard Kunstler Financialization is what happens when the people-in-charge “create” colossal sums of “money” out of nothing — by issuing loans, […]

Bill Moyers – We the Plutocrats vs We the People

By Meteor Blades Sometimes, an excerpt—even a long one —simply doesn’t do justice to an essay. Since that is the case with Bill Moyers’ piece “We, the Plutocrats vs. We, the People—Saving the Soul of Democracy,” first published by TomDispatch, I’m only providing the link along with his ending paragraph. I know some of you may click that link and upon […]

September 15th

Panama Papers fallout – from US to Iceland (bankster PM quits!)

By Meteor Blades The prime minister of Iceland resigned Tuesday as the weekend exposé of off-shore tax haven shenanigans from the Panama Papers claimed its first major casualty. The year-long investigation carried out by 370 journalists of the International Consortium of Investigative Journalists (a project of the Center for Public Integrity) was sparked by a massive document leak from the files of the Mossack Fonseca law firm. Their work […]

April 6th

Another progressive win – Bankster Larry Summers won’t run the Fed

By Meteor Blades Back on May 26, Edward Luce at the Financial Times offered the first inkling in the media that President Barack Obama would likely choose Larry Summers as chairperson of the Federal Reserve. He acknowledged that Summers had potential deficits, including a deep-seated abrasiveness. But, wrote Luce, “charm is overrated”: Worries about Mr Summers’ Senate hearings […]

September 16th

James Howard Kunstler – Cosmic shell game

by James Howard Kunstler The political air lies thick and heavy upon us, like the subtropical wedge of atmospheric sludge that has bogged down the northeast USA for weeks of soupy gray days when there is nothing to do but wonder when things will become unstuck. If the world is an organism, something is wrong […]

James Howard Kunstler – Money meltdown

By James Howard Kunstler The basic operating system of global banking today is… accounting fraud. And it has become that way stealthily, insidiously, for about fifteen years now. Nothing is what it appears to be anymore. What remains are games of musical chairs, Ponzi schemes, frauds, swindles, stonewalls, ruses, ploys, scams, dodges, bluffs, subterfuges, QE […]

March 25th

James Howard Kunstler: Change in the State of the Union that nobody believes in

By James Howard Kunstler The fog of chatter about Federal Reserve money-printing shenanigans, currency wars, fiscal intransigence, exchange rates, and alphabetized rescue operations conceals the central reality of the historical moment: that all industrial economies now face epic contraction, even rip-roaring China in its absurd and spectacular bid to become the latest drive-in utopia. The […]

February 11th