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Bill Black: Debt Derangement Syndrome – Saving Our Grandkids from Wall Street

This is Naked Capitalism fundraising week. 1320 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in financial realm. Please join us and participate via our Tip Jar, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser, what we’ve accomplished in the last year, and our fifth goal, more …

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Gerald Friedmand – Why Liberal Economists Dish Out Dispair

The ferocious reaction to my assessment that Senator Bernie Sanders’ economic and health care proposals could create long-term economic growth shows how mainstream economists who view themselves as politically liberal in America have abandoned progressive politics to embrace a political economy of despair.  Rationalizing personal disappointment and embracing market-centric economic theories according to which government can do little more than fuss around the edges, …

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Paul Kiel – So Sue Them: What We’ve Learned About the Debt Collection Lawsuit Machine

A couple of years ago, we set out to find out more about the growing use of the courts to collect consumer debts. How many lawsuits are filed? Who is filing them? Who is getting sued? The suits are filed in state and local courts, and many states rely on antiquated systems or only keep data at the county level. …

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George Monbiot – How to Build a Crisis

What have governments learnt from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word. Nothing. Actually, that’s too generous. The lessons learned are counter-lessons, anti-knowledge, new policies that could scarcely be better designed to ensure the crisis recurs, this time with added momentum and fewer remedies. And the …

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George Monbiot – The Gathering Financial Storm Is Just One Effect of Corporate Power Unbound

Corporate-friendly international agreement like TPP and TTIP, writes Monbiot, “could scarcely be better designed to exacerbate and universalise our multiple crises – financial, social and environmental.” What have governments learned from the financial crisis? I could write a column spelling it out. Or I could do the same job with one word: nothing. Actually, that’s too generous. The lessons learned …

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Fed Quietly Revises Total US Debt From 330% To 350% Of GDP, After “Discovering” Another $2.7 Trillion In Debt

Everyone has seen the chart of “Total Credit Market Instruments“, which as of its most recent update on March 31, 2015, was just over $59 trillion, or 330% of US GDP. For those who have not seen it, as well as for those who are familiar with this chart, take a long look, because this is the last update of …

IMF Greece Financial Crisis

IMF Double Standards: Ukraine and Greece By RT

Despite the grievous state of the Ukrainian economy, the IMF said it will continue to lend money to Ukraine, so Kiev can complete economic restructuring. “In the event that a negotiated settlement with private creditors is not reached and the country determines that it cannot service its debt, the Fund can lend to Ukraine consistent with its Lending-into-Arrears Policy,” IMF …

Refugee camp

Refugee Numbers Break New Record With ‘Millions Trapped in Conflict Zones’ – THOMAS ADAMS

The United States war mongering, supported by Israel, are responsible for all these displacements of peoples; you can take that to the Bank. Please! why does everyone refuse to see the wood in the trees? There is one, and only one, cause of all our economic woes. During the early 1900’s our stupid/corrupt politicians signed away our Sovereign “rights” , …

debt mountain

America Being Crushed by a Mountain of Escalating Debt

America, without question, is drowning in a sea of debt, barely holding its head above water. There is the massive national debt of the U.S. government, personal/consumer debt, student debt, and an increasing number of U.S. cities and states that are in debt over their heads. America is literally destroying itself by the monumental debt that we as a nation, …

war budget

America Being Crushed by a Mountain of Escalating Debt

by, Michael Payne,  Nation of Change America, without question, is drowning in a sea of debt, barely holding its head above water. There is the massive national debt of the U.S. government, personal/consumer debt, student debt, and an increasing number of U.S. cities and states that are in debt over their heads. America is literally destroying itself by the monumental …