Stacy Summary: With special guests, Dmitry Orlov and Dr. Housing Bubble!
To watch the whole episode on Blip, click here
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Stacy Summary: With special guests, Dmitry Orlov and Dr. Housing Bubble!
To watch the whole episode on Blip, click here
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Stacy Summary: In the headlines you can see the rapid response of reduced competition. The too big to bail are really raking it in after their oligarch loving politicians let their competitors fail. You also see that the second wave of wealth destruction as with the first Great Depression will be the more devastating one. What else are you reading?
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Stacy Summary: The Truth About Markets, New Zealand.
More listening and download options here at Archive dot org
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Stacy Summary: I love this latest blog from Max for Huffington Post. So make sure you go there and comment / debate. (Here too
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Stacy Summary: Okay, which argument do you believe in the high frequency trading debate? Front running all the little chumps and ponzis that dear take them on? Or a Geldofian worthy cause to help all in the market?
Hat tip headlines:
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Stacy Summary: Repeat after me, “do not enter the ‘markets,’ they are rigged.” Now say it ten times because even if you beat the riggers, you will pay! As we have seen with the trillions in bailouts. But chances are you will not beat the riggers because they have powerful computers and powerful friends.
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Stacy Summary: Of course it is no surprise that India, which, by the way, is not a signatory to the Non-Proliferation Treaty, but protected by the US has now escalated tensions with Pakistan by launching a nuclear armed submarine. No doubt, the tensions caused was the outcome that was desired. There must be facts on the ground to warrant all those lucrative contracts for $1 billion embassies and military bases to ‘protect’ the region from the instability we sow. I also like that similarly the second story (h/t to several!) is a consequence of pro-oligarchy legislation that tried to lock the peasants forced to live in the free-market in perpetual debt but which has come back to create instability. The NYTimes asks whether the battle between debtors and creditors will escalate into a Shay’s Rebellion like conflict.
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Stacy Summary: Thanks for the great headlines.
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Posted in Headlines
Tagged chinese steelworkers, credit card defaults, gilts, kevin rudd
Stacy Summary: A good Sunday read. Any new ideas out there for your own local currency? What would you have backing yours? And/or what would you do to get people to circulate it?
In Minneapolis, a group of jobless residents pledged to provide handmade goods, such as clothing or canned vegetables, to a central commissary. Then they printed their own currency, emblazoned with the line “Organized Unemployed,” to facilitate trade. The experiment ended badly when too many members contributed nothing but sauerkraut to the commissary. “You can’t buy and sell sauerkraut among yourselves for very long,” says Loren Gatch, a political scientist at the University of Central Oklahoma. Continue reading
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Stacy Summary: Twenty two thousand Americans die for lack of health insurance each year? That 176,000, without fanfare, will have laid down their lives since 911 so that the insurance, big pharma and big health might thrive chokes me up with just such awe at the American spirit. It is they who have the stiff upper lip these days, unlike in the UK where I witnessed the middle class tearing through pharmacies stocking up on thermometers, masks, cough medicine . . . really, making such an over the top self-celebratory show of contributing to the Finance-Insurance-BigPharma Oligarchy. What do you want a swine shaped ribbon?
According to government figures, 1-percenters’ share of America’s total income is the highest it’s been since 1929, and their tax rates are the lowest they’ve faced in two decades. Through bonuses, many 1-percenters will profit from the $23 trillion in bailout largesse the Treasury Department now says could be headed to financial firms. And most of them benefit from IRS decisions to reduce millionaire audits and collect zero taxes from the majority of major corporations.
But what really makes the ultra-wealthy so fortunate, what truly separates this moment from a run-of-the-mill Gilded Age, is the unprecedented protection the 1-percenters have bought for themselves on the most pressing issues. Continue reading
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Stacy Summary: Here it is! The Truth About Markets, London.
Other download and listening options at Archive dot org
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