How come stocks and Wall Street bank profits soar, while economy tanks and COVID corpses pile up?
There’s only one explanation – Federal Reserve is funneling trillions into financial markets. No 2642 Posted by fw, July 16, 2020 “Amid all of this death and economic devastation, the … Continue reading
In Trump’s America – Senate Republicans refuse to back workers’ pension protection bill
Futures of 1.3 million workers and retirees hang in the balance with many facing retirement in fear. No 2588 Posted by fw, February 16, 2020 “Glen Heck spent 28 years … Continue reading
Gallup poll finds 90% of Americans satisfied with life – While Fed Gov finds 1.5 million students homeless
Most satisfied are high-income households, Republicans, married adults. While other studies expose mounting inequality and social distress. What gives? No 2578 Posted by fw, February 6, 2020 Satisfied: Story Highlights … Continue reading
Trump brags he has been good for the economy; Nobel laureate says nothing could be further from the truth
Nobel laureate in economics, Joseph Stiglitz, has the evidence to prove he’s right, and that Trump is “BIGLY” wrong. No 2573 Posted by fw, January 20, 2020 — “It is … Continue reading
Corporate media claim record inequality and rising corporate profits equals “Strong Economy”
Corporate news outlets cherry pick performance measures to hype a “strong economy” while downplaying precarious plight of working class. No 2550 Posted by fw, November 26, 2019 — “Last month, … Continue reading
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
A decade ago George Carlin hilariously ridiculed “The American Dream”
Today it’s comedian Lee Camp’s turn with a sobering take on America’s 8 most important Myths. No 2337 Posted by fw, July 26, 2018 “No society should function with this … Continue reading
“We’re going to see this economic system spinning out of control and destroying itself” Richard Wolff
We’re besieged with economic and political theatre, anything to distract us from confronting an economic system that doesn’t work for the majority. No 2195 Posted by fw, April 3, 2018 … Continue reading
US looking more and more like a developing country, says MIT prof
80 percent of population in debt, anxious about job security, besieged by crumbling infrastructure. No 1944 Posted by fw, April 27, 2017 “America is regressing to have the economic and political … Continue reading
The President who wowed Canada’s Parliament fails to impress Canadian professor
“President Barack Obama, the Nobel Peace Prize laureate, has failed to live up to the promises he made and the hopes he raised.” No 1723 Posted by fw, July 11, 2016 … Continue reading
How Wall Street transformed America into a kleptocracy, a nation ruled by “blood-sucking leeches”
“The most corrupt era in American history” captured in Michael Hudson’s new book, Killing the Host No 1611 Posted by fw, March 07, 2016 kleptocracy –literally, “rule by thieves” — a … Continue reading
Why the US economy has not recovered, will not recover
Successive duplicitous US governments have abandoned everyone except the rich. No 1596 Posted by fw, February 17, 2016 “The US economy died when middle class jobs were offshored and when the … Continue reading
The not so well-kept secret is out – America is a plutonomy where only the rich matter
“It is essential that corporate elites keep the façade of democratic control alive,” writes activist Michael Perino. No 1547 Posted by fw, December 20, 2015 “Several years ago, two leaked … Continue reading
Why is this the age of US citizen mass acquiescence rather than the age of resistance that erupted in the 1880s?
We are witnessing the rebirth of the Gilded Age, with Wall Street and Big Business owning the President and Congress No 1215 Posted by fw, December 25, 2014 “It’s called … Continue reading
Stock market boom is really a bubble – and it will burst
Distinguished economist explains what’s going on in the UK and US stock markets No 991 Posted by fw, February 27, 2014 “In the longer run, however, the best way to … Continue reading
Deep State: Shocking revelations of a rogue government operating in Washington
Deep State, the state within a state, is “hiding mostly in plain sight” No 985 Posted by fw, February 23, 2014 “Yes, there is another government concealed behind the one … Continue reading
These are hard times for many in US, so why no uprising?
The answer is complex, but three reasons stand out, says Robert Reich No 966 Posted by fw, February 01, 2014 “Middle incomes are sinking, the ranks of the poor are … Continue reading
US debt crisis was contrived consequence of “crazy political battles”
We need a globalized currency to reduce global dependence on US dollar No 883 Posted by fw, October 17, 2013 “…it’s time to end the world economy’s dependence on the … Continue reading
