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Tag Archives: Wall Street
We’re All Greeks Now
Who needs an army when you have economists and central bankers? This is the reality we face in an era where debt and austerity are the weapons wielded by modern imperialism. In the aftermath of the Greek referendum rejecting austerity, … Continue reading
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Tagged austerity, class warfare, Detroit, ECB, EU, finance is war, Greece, Greg Palast, IMF, Michael Hudson, morality play, Naked Capitalism, neoliberalism, Noam Chomsky, Paul Krugman, Podemos, Syriza, Wall Street, Wolf Richter
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What Are They Good For?
What’s the point of having two political parties that both represent corporations and the wealthy? My first post at Camelotkidd was entitled TINA,—“There is no Alternative,” proclaimed by Margaret Thatcher about the superiority of neoliberal capitalism. This phrase, uttered with … Continue reading
Dig it
Reading Bloomberg’s article about how the GOP, when it takes control of the Senate, should embrace infrastructure spending, made me laugh. Just the language, with its nod towards hippy vernacular, was priceless. “Dig, if you will, a picture: Republicans, basking … Continue reading
Little Timmy’s Big Payday
Last week the Wall Street Journal published a bombshell of an Opinion article by former Federal Reserve official, Andrew Huszar. You may not have heard of it. “I can only say: I’m sorry, America. As a former Federal Reserve official, I … Continue reading
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Tagged N.Y. Fed, QE, Tim Geithner, Wall Street, Wall Street Journal, William K. Black
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The Road to Neo-Feudalism
Every single day I read articles that solidify my belief that we’re headed at full speed towards neo-feudalism, with the American people asleep in the back seat. Fasten your seat belts. “The President’s “sequester” offer slashes non-defense spending by $830 … Continue reading
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Tagged austerity, banana republic, Jack Lew, Medicare, neo-feudalism, President Obama, sequester, Social Security, tax cuts, Wall Street
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It’s Pee
Republican’s want to immediately privatize government. They hate the thought of the government doing anything for “those people.” Ever since the New Deal, Republicans have made the intellectual argument that a welfare state saps American’s freedoms, and have mounted a decades … Continue reading