Tag Archives: financial crisis

The NYE Fiscal Cliff is a Buffalo Jump. Is your herd going to fall for it?

DENVER, COLORADO- The DC Kabuki Divas are amping up their New Years cliffhanger, the so-called Fiscal Cliff, to inaugurate domestic austerity measures meant to cement the widening income gap between the rich and everybody else. If it’s a cliff, it’s … Continue reading

Posted in Activism | Tagged , , , , , , | Leave a comment

So-called Fiscal Cliff is a Buffalo Jump

Remember the “Financial Crisis” from out of nowhere when Obama first came to office? Now it’s Bank Heist, the Sequel, branded most assuredly with the assistance of Madison Avenue as a “Fiscal Cliff”, shall we call it FC2? This time … Continue reading

Posted in Info Virus | Tagged , , , , , | Leave a comment

Street vandalism, economic vandalism

Posted in Perspective | Tagged , | Leave a comment

Marx professor David Harvey offers take on Crises of Capitalism, illustrated

CUNY Distinguished Professor David Harvey offers a 13-part online reading of Das Capital, Volume 1. But catch this mesmerizing dry- erase presentation of Harvey’s talk THE CRISES OF CAPITALISM.

Posted in Video | Tagged , , , , , | Leave a comment

Gandhi possessions safe from defilement

The iconic personal possessions of Mahatma Gandhi were auctioned this week, and will remain in India. Gandhi’s poverty may have been largely symbolic, but his bowl and sandals remain unimpeachable representations of his ideals. If there’s an upside to the … Continue reading

Posted in Headlines, Info Virus | Tagged , , | Leave a comment

Economic pie in the sky

Eric and I had fun in Costa Rica playing with a rainbow in the hills outside Santa Elena. We traveled down a narrow bumpy road until the bright double rainbow appeared to end in the backyard of the only house … Continue reading

Posted in Perspective | Tagged , , | Leave a comment

Apres nous, le Depression

If it matters what to call this financial crisis, what is it? Is America in a recession? When does a deep recession approach a depression? When is an economic crash revealed to be a collapse? Before we can rename the … Continue reading

Posted in Perspective | Tagged , , , , , , | Leave a comment

Barack’s 1/2 measures, 1/4 measures, 1/8 measures and… his new health care ‘reform’

Obama signs bill for kids health care program. But look again! Like Obama’s ‘withdrawal’ from Iraq, his ‘renouncement of torture,’ now his new health care measure is a fraud too! Everything about Barack Obama is a fraud! Here is the … Continue reading

Posted in Perspective | Tagged , , , , , | 1 Comment

Rush Limbaugh hopes Obama will fail

Posted in Politics | Tagged , , | Leave a comment

The shipping news

The whining and hang-wringing about the “credit crunch” is getting on my nerves. It was this supposed crisis that led to the $700 billion bailout and we’re told every day that it must be solved quickly, no matter the cost, … Continue reading

Posted in Perspective | Tagged , , , , , | 1 Comment

Who is the economy calling stupid?

Okay, I’ve had enough of our readiness to believe, about the economy, that nobody knows what’s going on. Nobody will tell you what’s going on, is what’s going on. Even my deepest thinking friend tells me, “Eric, they really don’t … Continue reading

Posted in Headlines | Tagged , , , , | 2 Comments

Did Bush cause the financial crisis?

Did Bush cause the financial crisis? is the question that the BBC’s North America Business Correspondent in New York, Greg Wood briefly explores and his conclusion is not surprising. Here is a summation of his argument. ‘Deregulation started long before … Continue reading

Posted in Perspective | Tagged , , , | Leave a comment

Fox, CNN, CNBC report nasty downturn

Posted in Sight-Bites | Tagged , | 3 Comments

Time to use the word DEPRESSION again

One of the most ridiculous of the utterly false and phony positive thinking talking points used by the US’s Right Wing corporate daily press and the talking heads of their TV stations is their constant babble about whether we have … Continue reading

Posted in Perspective | Tagged , , , , , , , , | Leave a comment

How a ‘credit crunch’ can help kick an economic depression into place

In a system…where the entire continuity of the…process rests upon credit, a crisis must obviously occur — a tremendous rush for means of payment — when credit suddenly ceases and only cash payments have validity. At first glance, therefore, the … Continue reading

Posted in Perspective | Tagged , , , , | Leave a comment

Senators give Paulson keys to treasury

The Senate has signed Paulson’s blank check for the Wall Street ransom payment. Band of Thieves, Murder of Crows, Goddamn Jerk of Senators!   Overheard on the radio about Obama/McCain: “It’s amazing such similar solutions for the economic crisis can … Continue reading

Posted in Politics | Tagged , , , , , | Leave a comment

Credit crunch is a symptom of US economic malaise, not the cause of it

Taxpayers gifting the rich with $7,000,000,000 will not stop the coming capitalist depression at all, because it simply does not address the root causes of anything. We have been told that this crisis is merely the fault of toxic debts … Continue reading

Posted in Perspective | Tagged , , , , , , , | Leave a comment

Stop the Senate of would-be thieves!

Call your Band of Thieving Senators now to tell them you don’t want to give $700 Billion –more honestly likely to be $5 Trillion– to the robber bankers of Wall Street! Telephone Colorado Senators Ken Salazar at 202.224.5852 and Wayne … Continue reading

Posted in Activism | Tagged , , , , , , , | Leave a comment

Who not to blame for failed bailout

COLORADO SPRINGS- We held posters that read SEIZE THE FED, JAIL NOT BAIL-OUT, FORECLOSE ON WALLSTREET, NO REWARD FOR HIGH RISK, and of course NO BUSH BAILOUT. When we got rebuttals, it went like this: “Why do you bring Bush … Continue reading

Posted in Politics | Tagged , , , , | Leave a comment

JUST SAY NO to the WS Bailout Bandits

MEET -AFTER WORK- TUESDAY at the corner of SMITH BARNEY and MORGAN STANLEY, where DAIN RAUSCHER meets BOOZ ALLEN HAMILTON at the Plaza of the Rockies Building. That’s where Colorado Springs needs to voice its objections to a bailout for … Continue reading

Posted in Activism | Tagged , , , , | 2 Comments

Seven hundred times N,OOO,OOO,OOO!

Is the strategy to pay this ransom, then have the robbers intercepted as they make their escape? What other excuse will Democrats Pelosi and Reid offer for coming home with a bag full of 140,000,000,000 wooden nickels? That money’s gone … Continue reading

Posted in Activism, News | Tagged , , , , , | 2 Comments

This American Life -live it in fear

Did New York City based NPR need to hype fears of an economic collapse to Main Street USA, who’s so far not spooked by the bogeyman in Wall Street’s closet? NYC called in help from partners in the Chicago, the … Continue reading

Posted in News | Tagged , , , , , , | Leave a comment

EAT THE RICH!

My favorite visual from Thursday’s Wall Street action: EAT THE RICH, invoking Peter Richardson’s Class War cult classic. The bastards are making a grab for $700 BILLION in this salvo. Which proposition is the more preposterous?   What’s with the … Continue reading

Posted in Activism | Tagged , , , , | Leave a comment

No blank-check bailout for Wall Street

COLORADO SPRINGS, CO – Organizations in Southern Colorado will participate in a National Day of Action in opposition to the no-strings attached, $700 billion corporate bailout plan advanced by President Bush and Treasury Secretary Paulson. A press conference will take … Continue reading

Posted in Activism | Tagged , , , , , , , , , , | Leave a comment

The Stop the Foreclosures and Evictions Movement arises

People are losing the houses they live in, the jobs they depend on to pay the rents and mortgages, and the retirement pensions they thought secure. Michigan and Florida are especially hit hard, as well as the Gulf Coast areas … Continue reading

Posted in Perspective | Tagged , , | Leave a comment