Demowp

Tag: Finance

  • Sowing Seeds of Plunder

    It’s a lose-lose situation for Ukrainians. While they are dying to defend their land, financial institutions are insidiously supporting the consolidation of farmland by oligarchs and Western financial interests. So says Frédéric Mousseau, Policy Director of the Oakland Institute, an independent think tank. Depending on which sources to believe, between 100,000 and 300,000 Ukrainian soldiers […]

  • The End of an Era

    Why do the International Monetary Fund (IMF), the World Trade Organization (WTO) and the World Bank– three of the most highly regarded international economic organizations-project a bleak road ahead for the global economy? Ominously, the World Bank warns of the possibility of a coming “lost decade” for economic growth. In January of this year, the […]

  • Give More Bite of the Apple to Charity

    Give More Bite of the Apple to Charity

    Here is a letter that Steve Clifford and I sent to the CEO Tim Cook of Apple corporation, whose percentage of charitable giving relative to its taxable income is astoundingly low as compared to other corporations noted below. Apple should increase its charitable giving. April 24, 2023 Tim Cook, CEO Apple, Inc. One Apple Park […]

  • Poverty and Crisis: Sucking Humanity Dry

    The World Bank says nearly 80% (560 million) of the 700 million people who were pushed into extreme poverty in 2020 due to COVID policies were from India. Globally, extreme poverty levels increased by 9.3 per cent in 2020.  In 2022, it was estimated that a quarter of a billion people across the world would be […]

  • The 75-year Thievery of Joint Tax Returns

    Another tax season has ended, and more than 50 million returns arrived at the Internal Revenue Service marked “Married filing jointly”.  Few of the filers had any idea that joint returns—created in 1948 and modified in 1969—may be the oldest tax inequity in America. They’ve been picking various pockets for 75 years, and there’s little […]

  • Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill

    Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill

    We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones being forced to foot the bill for the government’s […]

  • Playing with Financial Fire

    Capitalism, Marx said, is unceasingly prone to crisis. His observation applies as much to financial capital as to industrial capital, as the recent collapse of Silicon Valley Bank and Signature Bank of New York attest. In their pursuit of profits, banks make loans that borrowers cannot repay or back the loans with assets that lose […]

  • Reckless Capitalist Banks Rescued by Government Socialism – Again!

    Once again, government socialism – ultimately backed by taxpayers – is saving reckless midsized banks and their depositors. Silicon Valley Bank (S.V.B) and Signature Bank in New York greedily mismanaged their risk levels and had to be closed down. The Federal Deposit Insurance Corporation (FDIC), in return, to avoid a bank panic and a run […]

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