Monthly Archives: October 2008

Scrawny Geese; No More Golden EggScenes From the Global Class War

October 27, 2008
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Counterpunch On Friday, October 24, the pound sterling dropped to just $1.58 (down from $1.73 earlier in the week, an enormous plunge by foreign-exchange standards), and the euro sunk to just $1.26, while Japan’s yen soared by 10 per cent. These shifts threatened to disrupt export markets and hence industrial sales patterns. Global stock...

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Financial Warfare against Labor and Industry

October 26, 2008
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Global Research On Friday, October 24, the pound sterling dropped to just $1.53 (down from $1.73 earlier in the week, an enormous plunge by foreign-exchange standards), and the euro sunk to just $1.26, while Japan’s yen soared by 10%. These shifts threatened to disrupt export markets and hence industrial sales patterns. Global stock markets...

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Parsing Mr. Paulson’s Bailout SpeechThe Unprecedented Giveaway of Financial Wealth Story

October 18, 2008
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Global Research Mr. Paulson’s bailout speech on Monday, October 13 poses some fundamental economic questions: What is the impact on the economy at large of this autumn’s unprecedented creation and giveaway of financial wealth to the wealthiest layer of the population? How long can the Treasury’s bailout of Wall Street (but not the rest...

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Guns and Butter: The Bailout’s New Financial Oligarchy

October 15, 2008
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Guns and Butter Interview on KPFA radio. For part one of this interview click here. “If you want to see the ideal of the World Bank and the IMF, look at the Russian, Latvian and Estonian economies. They have shrunk as if there were a war on. And in a sense it is a...

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Afshin Rattansi talks to Michael Hudson:Paulson & Bernanke

October 14, 2008
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Guns and Butter: The New Kleptocracy

October 8, 2008
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Guns and Butter Interviews on KPFA radio. You can read part two of this interview, The Bailouts New Financial Oligarchy, here. “Considering that there is an $800 billion giveaway, to be followed by another trillion and another trillion after that, this is the biggest giveaway since the land giveaway to the railroads in the...

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The New Kleptocracy

October 3, 2008
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Treasury Secretary Hank Paulson’s “Plan” passed by Congress on October 3rd, 2008 Listen Here

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