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Wall Street

The shadow of Black Thursday hovers over Wall Street?

The real possibility of a new stock market crash would have gone unnoticed for most rating agencies due to the disconnection with reality that would lead them to justify the irrational exuberance of markets, thus fulfilling the famous phrase of…

My Name Is ARMFIN. I Am the God of Total Power

I am working these days on the global war in Ukraine and the financialisation of water and nature on a global scale. The freewheeling text below has emerged as a ‘side effect’.. RP Who I am. I come from distant,…

The Silver Bullet to Stop the Corporate State Pillage

by Lee Camp1 originally posted on Truthdig This column is based on a monologue Lee Camp wrote and performed on his TV show “Redacted Tonight”   Every year a certain number of our soldiers decide they’d rather not be involved…

Why California residents want public banks

By Zoe Sullivan1, reproduced from Public Banking Institute, Sept. 04, 2018   Ten years after the most recent financial crisis, some argue we have learned nothing, but a movement across the country to establish public banksshows how some have taken its…

The Financial system is a larger threat than terrorism

by PAUL CRAIG ROBERTS for Counterpunch In the 21st century Americans have been distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to the taxpayers’ burden and many billions of dollars in profits to the military/security…

Detroit Bankruptcy: Wall Street, Lost Revenues Forced Decline, But City Pensioners to Pay the Costs

Amy Goodman for Democracy Now! A federal judge has approved Detroit’s bid to qualify for bankruptcy, putting the city on a path to financial recovery — but threatening the livelihoods of thousands of city workers. In a landmark decision that…