When the Elite Take Over We have reached the final stage of this process – when the financial economy has very little to do with the actual economy. In this model, the financial economy is simply subsidized to continue to exist in its enlarged state. The original concept of the banking and financial system was [...]
Archive for the ‘Bailout’ Category
Final Stages of Financialization
Posted in Bailout, Deliberately False Financial Information, Economic History, Media Corruption, tagged CEPR.net, Michael Hudson, SEC on April 21, 2009 | Leave a Comment »
Finance Industry as Welfare Queens
Posted in Alternate Economic Philosophies, Bailout, Inequality, Mortgages, tagged Adam Smith, LTCM, Michael Hudson on March 16, 2009 | Leave a Comment »
As Noam Chomsky once said. “Adam Smith’s A Wealth of Nations is one of those books you are supposed to worship, but not read.” I don’t understand. Ever since I was small I was told that Adam Smith’s idea of everyone looking out for their best interests lead to the best long term good. Man [...]
Michael Hudson Hits It Out of the Park on The Bailout
Posted in Bailout, Economics, tagged Dean Baker, Goldman Sacks, Michael Hudson, SEC on February 12, 2009 | Leave a Comment »
When will people begin listening to the right economists. There is an army of economists out there which work for concentrated power and that are consistently wrong. They are called “Chief Economist” and work for this or that corrupt power structure. Meanwhile, two of the very best are Michael Hudson and Dean Baker are no [...]
History of the Federal Reserve Bank
Posted in Bailout, Currency, Economic Conspiracy, Economic History, Federal Reserve, Privatization, Videos, tagged Naomi Klein, Ron Paul, Alan Grayson on January 24, 2009 | Leave a Comment »
This absolutely excellent video series proposes, and provides excellent evidence that banking crisis of 1907, 1920 and 1930 were created by the large banks which allowed them to concentrate banking power. The income tax was passed during the great depression. These actions fall into the category of Naomi Klein’s Shock Doctrine. That is concentrated power [...]
Very Interesting Radio on the Bail Out
Posted in Bailout, tagged Michael Hudson on January 8, 2009 | Leave a Comment »
This viewpoint is absent from the conventional media. One wonders at the actual value of the media that can not explain the nuance of something this huge. The conventional media laid down on the WMD issue, and now has laid down on this most important financial issue. Dr. Michael Hudson understands this. See this explained [...]
John McCain and Lincoln Savings and Loan
Posted in Bailout, Banking, Real Estate on January 7, 2009 | Leave a Comment »
Interesting that this never came up during the 2008 Presidential election. It was 18 years prior to the election and it seems that 18 years is too long ago for most to remember, and also too far back for the media to check on. The cost of the Lincoln and savings and loan was $3.4 [...]