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Tuesday, January 8, 2013

The truth about Social Security is that it is not in crisis (but) [m]ake no mistake: the war against Social Security has been launched, and a key battle is coming in February.

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http://www.counterpunch.org/2013/01/08/when-wall-street-pulls-the-strings/print JANUARY 08, 2013 Social Security Will Soon be Un...
Thursday, January 3, 2013

More than 20 million people are still in need of full-time work. Wages are falling. Family wealth – largely the values of their homes – has been decimated. The middle class is sinking. Trade deficits are over $1 billion a day. Corporate profits are setting records as percentage of economy; wages are at new lows. Inequality is at record extremes. Catastrophic climate change is already wreaking havoc. This economy does not work for working people.

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Published on Thursday, January 3, 2013 by Our Future Blog 'Shared Sacrifice' Is for Suckers: 7 Common Sense Thoughts on Washi...

As Iowa Senator Tom Harkin stated in opposition to the fiscal cliff deal: “Every dollar that wealthy taxpayers do not pay under this deal, we will eventually ask Americans of modest means to forgo in Social Security, Medicare and Medicaid benefits.”

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Published on Thursday, January 3, 2013 by Institute for Policy Studies   'Fix the Debt' Readies Its Trojan Horse for Next Budg...

Devaluation of the Pound - 1949: History of finance

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The following is excertped from Dean Acheson's 1969 book Present at the Creation: My Years in the State Department .   Once upon a time...

Wall Street bond departments were increasingly the source of Wall Street profits ... in part because ... [i]n the bond market it was still possible to make huge sums of money from the fear, and the ignorance, of customers.

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Excerpts from The Big Short: Inside the Doomsday Machine by Michael Lewis , from Chapter three, "How Can a Guy Who Can't Speak Eng...
Wednesday, January 2, 2013

History is written by the victors, and the past generation has seen the banks and financial sector emerge victorious. Holding the bottom 99% in debt, the top 1% are now in the process of subsidizing a deceptive economic theory to persuade voters to pursue policies that benefit the financial sector at the expense of labor, industry, and democratic government as we know it.

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How Today’s Fiscal Austerity is Reminiscent of World War I’s Economic Misunderstandings America’s Deceptive 2012 Fiscal Cliff by ...

Workers have become so deeply indebted on their home mortgages, credit cards and other bank debt that they fear to strike or even to complain about working conditions. Losing work means missing payments on their monthly bills, enabling banks to jack up interest rates to levels that used to be deemed usurious.

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December 31, 2012 America’s Deceptive Fiscal Cliff The Financial War Against the Economy at Large by MICHAEL HUDSON Toda...