Financial

Trade Theory Financialized

October 26, 2011
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To secure its privileges and tax favoritism, the financial sector opposes government power to tax or regulate. Fighting under the banner of “free markets,” it is now fighting to centralize economic planning power in Wall Street, the City of London and other financial centers. What is remarkable is that under ostensibly democratic politics, an...

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Occupy Wall St – Systemic Change Please

October 7, 2011
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Michael discusses the growing Occupy Wall St movement and the opportunities for banking reform. "How are you going to re-criminilise fraud? Tim Geithner is a bank lobbyist and should not be in charge of the Treasury".

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Obama’s Good Cop/ Bad Cop deal with the Republicans

October 7, 2011
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Yet on Wednesday, October 4, the president tried to represent the OccupyWallStreet movement as supportive for his efforts. He pretended to endorse a pro-consumer regulator to limit bank fraud, as if he had not dumped Elizabeth Warren on the advice of Mr. Geithner – who seems to be settling into the role of bagman...

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Hudson in Russia: The Myth of Neo-Liberalism

September 8, 2011
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Michael is in Russia on tour. More soon.

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Banksters Bailout Builds

August 30, 2011
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We missed this one from nearly two months ago, an interview with Michael on RT News regarding the next round of banking bailouts. Why does America have a budget deficit?

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Debt Ceiling Set For Progressive Repealing

July 27, 2011
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Mr. Obama’s scare tactics to get Democrats to vote for his Republican Wall Street plan The Wall Street bailout melodrama should be viewed as a dress rehearsal for today’s debt-ceiling non-crisis. You know that the debt kerfuffle is as melodramatically staged as a World Wrestling Federation exhibition when Mr. Obama makes the blatantly empty...

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Obama's Debt Ceiling Doublespeak

July 12, 2011
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Mr. Obama has always known who has been contributing primarily to his political campaigns. We know where his loyalties lie now. And, basically, he promised change because that's what people would vote for, and he delivered the change constituency to the campaign contributors.

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Greece now, US soon

July 12, 2011
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Geithner says, wait a minute, American banks have made huge billion-dollar--maybe, for all we know, a trillion-dollar bet that the Greeks will repay. They've made derivative plays, they've made cross-party insurance, and American banks would lose money. Now, if there's a choice between American banks losing $1 and Europe going into neo-feudalism for a...

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How a $13 Trillion Cover Story was Written

June 17, 2011
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Free money creation to bail out America’s elite financial speculators, but not for Social Security or Medicare Only the “Crazies” Get the Bank Giveaway Right Financial crashes were well understood for a hundred years after they became a normal financial phenomenon in the mid-19th century. Much like the buildup of plaque deposits in human...

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How Financial Oligarchy Replaces Democracy

June 6, 2011
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Will Greece Let EU Central Bankers Run Riot Over Sovereignty? When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that the stumbling point was tax...

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