Browsing the "banksters" Tag

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James Howard Kunstler: As the money boys nail down their bailout, the rest of us will lose EVERYTHING

Historians of the future, pan-roasting fresh-caught June bugs over their campfires, may wonder when, exactly, was the moment that the financial world broke with reality. Was it when Nixon slammed the “gold window” shut? When “maestro” Alan Greenspan first bamboozled a Senate finance committee? When Pets.com face-planted 268 days after its IPO? When Ben Bernanke […]

A decade after the financial crisis, economic scars remain, inequality thrives, and crooks roam free

As we keep hearing on this 10th anniversary of the financial crisis that destroyed so many dreams and livelihoods, the economy is now “robust,” “booming,” “soaring.”We have, indeed, come a long way from the acute pain of that crisis. But the implication that everything is hunky-dory contained in those descriptions is far off the mark. The damage done by […]

September 14th

James Howard Kunstler: The Golden Golem of Greatness vs the Swamp, Round III

The golden Colossus of Trump looms over the national scene this summer like one of Jeff Koons’s giant, shiny, balloon-puppy sculptures — a monumental expression of semiotic vacancy. At the apogee of Trumpdom, everything’s coming up covfefe. The stock market is 5000 points ahead since 1/20/17. Little Rocket Man is America’s bitch. We’re showing those gibbering […]

James Howard Kunstler: On the 4th of July, celebrating a nation that doesn’t know its past from its future

The Democratic Party has steered itself into an exquisitely neurotic predicament at a peculiar moment of history. Senator Bernie Sanders set the tone for the shift to full-throated socialism, and the primary election win of 28-year-old Alexandria Ocasio-Cortez in a New York congressional district seems to have ratified it. She promised voters free college tuition, […]

James Howard Kunstler: The hot mess in Houston will never be the same after Hurricane Harvey

It wasn’t until more than a week after Hurricane Katrina slammed into New Orleans in 2005 that the full extent of the damage was recognized and so it will go with the hot mess where Houston used to be. Mostly, it is inconceivable that the business activity which made Houston the nation’s fourth largest city […]

September 1st

James Howard Kunstler – Amazon vs Walmart, the monster battle that’s destroying our cities

As the empire deliquesces into a fetid slurry of economic failure, we stand ankle deep in the rising swamp waters witnessing the futile battle of the giants, Walmart and Amazon. Neil Howe, co-author of The Fourth Turning, wrote this week that “[t]he Amazon-Walmart rivalry will determine the future of retail.” Well, it seems that way, perhaps, and […]

August 11th