-
Is There an Answer to Inflation?
Inflation is a scourge on those cursed with living under the capitalist order. It especially punishes those least able to weather the pain of constantly falling behind rising prices and expanding debt. Inflation harms nearly all working people whose income growth trails the rise in prices, including those with union contracts that bridge periods of […]
-
Net Zero, the Digital Panopticon and the Future of Food
The food transition, the energy transition, net-zero ideology, programmable central bank digital currencies, the censorship of free speech and clampdowns on protest. What’s it all about? To understand these processes, we need to first locate what is essentially a social and economic reset within the context of a collapsing financial system. Writer Ted Reece notes […]
-
The Public Bank That Wasn’t: New Jersey’s Excursion into Public Banking
In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run for New Jersey governor. He regularly championed public banking in speeches, town halls and campaign commercials. He won the race, and the nation’s second state-owned bank following the stellar model of the Bank […]
-
Defusing the Derivatives Time Bomb: Some Proposed Solutions
The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy. But why let them bet at all? This is a sequel to a January 15 article titled “Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?”, discussing the threat of […]
-
It’s Not Personal… Just Business!
Just watched a 2020 documentary entitled Dirty Money that covered a slew of scams perpetrated on American consumers. The segment on Scott Tucker really got my goat. Here’s a bit of a background on this character and his disgusting shenanigans: In 1991, Tucker was convicted for his illegal activities, including mail fraud, associated with a […]
-
Lawfare and Covert Action: An Interim Hypothesis
by T.P. Wilkinson Economic history has its overt and covert sides. Now the State has been almost completely privatized, i.e., conveyed to the so-called hedge funds. It may be safe to say that the West has been converted into one huge financial derivative system. To understand this without drowning in jargon it is easiest to […]
-
Casino Capitalism and the Derivatives Market: Time for Another “Lehman Moment”?
Reading the tea leaves for the 2024 economy is challenging. On January 5th, Treasury Secretary Janet Yellen said we have achieved a “soft landing,” with wages rising faster than prices in 2023. But critics are questioning the official figures, and prices are still high. Surveys show that consumers remain apprehensive. There are other concerns. On December 24, 2023, Catherine […]
-
Three Presidents Who Made Thanksgiving a National Holiday And What They Were Thankful For
Three U.S. presidents were instrumental in establishing Thanksgiving as a regular national event. On October 3, 1789, George Washington declared the first federal Thanksgiving holiday. In 1863, Abraham Lincoln made it an annual federal holiday. And in 1941, Franklin Roosevelt signed a bill setting the date at the fourth Thursday of every November. All three presidents […]
-
Taxes in America Are Unfair to Most Americans
For decades, time and again, America’s tax code has been twisted and tweaked to give tax breaks to the top and crumbs (or nothing) to the tens of millions on the bottom and in the middle. Levels of wealth and inequality have become so gross that experts are clamoring for change, painting unflattering portraits of […]
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish