Citizen Action Monitor

Heartbreaking story of Dayton Ohio’s struggle to recover from Great Recession of 2008

Once-vibrant Dayton dealing with rise in violence, opiate and drug addiction, unemployment, income inequality, urban blight, and more. No 2408 Posted by fw, January 3, 2019 “I first came to … Continue reading

January 3, 2019

Parasitic system drives US stock market to record highs. Ruling class will stop at nothing to expand its wealth

Workers’ wages and working conditions decline, life expectancy falls, drug overdose grows. System reform impossible. No 2360 Posted by fw, August 26, 2018 “Since its low point on March 9, … Continue reading

August 26, 2018

Trump is quietly making the Federal Reserve an instrument for the next Global Meltdown

Collusion among the world’s main central banks and financial institutions is making the risks of 2008 bigger, and the rest of us will suffer for it. No 2359 Posted by … Continue reading

August 24, 2018

“I called the Crash of 2008, I’m calling the Crash of 2018” – Dr. Nafeez Ahmed

Nafeez draws on new research to warn world faces an oil crunch, which will trigger another financial crisis. No 2066 Posted by fw, October 2, 2017 “New scientific research suggests … Continue reading

October 2, 2017

We learned nothing! — After 2008 disaster, it was back to business-as-usual, as-fast-as-possible

Circumstances may have changed, but the goal remained the same — renewed economic growth. No 2041 Posted by fw, August 27, 2017 To access all other synopses from Prosperity without … Continue reading

August 27, 2017

Q: What led the world to the brink of economic disaster in 2008? — A: The unrelenting drive for economic growth

Pursuit of growth drove loosening of regulations, proliferation of financial derivatives, and massive expansion of public debt and private credit in decades before and during the crisis. No 2040 Posted … Continue reading

August 26, 2017

Queen Elizabeth II asks economists why no one saw the 2008 financial collapse coming

If it’s a villain we want for Lost Prosperity, it appears that private and public sector indebtedness are prime suspects. No 2034 Posted by fw, August 18, 2017 To access … Continue reading

August 18, 2017

Conventional wisdom holds that economic growth is the surest path to prosperity

But in following that path for decades, we have not gained prosperity, we have lost it. No 2030 Posted by fw, August 14, 2017 To access all other synopses from … Continue reading

August 14, 2017

Ten years after the 2008 financial crash, the cost to Britain is running into £ trillions

What hard lessons did civil society learn, and what plans are afoot to transform the banking sector? Are there lessons here for Canada’s civil society? No 2028 Posted by fw, … Continue reading

August 13, 2017

The causes of the 2008 crisis remain unresolved, any future downturn will be much worse

There are three possible scenarios: strong recovery, managed depression, mother of all crashes. No 1804 Posted by fw, October 20, 2016 “Can I give you an impression of what the world … Continue reading

October 20, 2016

We are on the brink of experiencing the next financial crisis, says leading financial authority

Satyajit Das, former banker, now risk consultant, warned about the risks of financial derivatives years before the Great Meltdown of 2008. No 1706 Posted by fw, June 19, 2016 “My accountant … Continue reading

June 19, 2016

Central banks have used 2008 bailout funds to inflate a new set of Monster Bubbles

Today, all signs point to a new financial meltdown No 1295 Posted by fw, March 31, 2015 “All this time, policymakers have tinkered around the edges with half-hearted measures, but … Continue reading

March 31, 2015

Under Obama “Yes, we can” has become “Well, actually we’re not even going to try”—Wm. Black

No 306 Posted by fw, October 20, 2011 “If he [Obama] continues this way, it’s conceivable the Republicans will nominate someone so bad that he will be reelected, but he … Continue reading

October 20, 2011 · Leave a comment

Economist Michael Hudson: How the Greek people could stiff the bankers

No 216 Posted by fw, July 11, 2011 “Look this debt that you say we owe and have to pay off by privatizing our assets, you knew that we rioted. … Continue reading

July 11, 2011 · Leave a comment

Economics prof warns U.S. is precipitating another global financial crisis

No 174 Posted by fw, May 14, 2011 Paul Jay, Real News Network Editor: So, in other words, as Standard and Poor’s said: If you don’t take a position on … Continue reading

May 14, 2011 · Leave a comment