How the World Heads for the Next Crash (tags)
Governments secure the money of the rich. State debts have grown in nearly all countries of the world since 2010. Ten years after the outbreak of the financial crisis, the economy is again in a standstill or mired in crisis. Trump wants to cancel the recent bank regulations and cut corp taxes.
Quantitative Crisis: Bernanke’s “Stimulus” For The 1% (tags)
When I heard that Federal Reserve Chairman Ben Bernanke told Congress last week that it was too soon for the Fed to end its extraordinary stimulus programs, I did a double take.
Presidential Candidate Alexander picks Darcy Richardson and Steve Trager for 2012 (tags)
Today, Stewart Alexander announced that Darcy Richardson from Florida will serve as his national policy advisor, and Steve Trager from Ohio will serve as his regional campaign director. Both Darcy Richardson and Steve Trager have been activists on the political left for more than two decades. Alexander says he would seek former U.S. Congressman Alan Grayson to step in as Chairman of the Federal Reserve. ?We need a Federal Reserve Chairman that will help steer the nation out of this depression; I want Fed Chairman Ben Bernanke out and Alan Grayson in.?
U.S. Election 2012- Stewart Alexander Says Obama Could Lose in 2012 (tags)
In an article that was written this week by Billy Wharton, Co-Chair Socialist Party USA, Mr. Wharton writes, “Simultaneously, voters should consider withdrawing their support from President Obama when re-election time comes. Obama has time and time again proven willing to use the war machine in a way that is every bit as ruthless as his predecessor. A Socialist Party USA candidate for the White House will place the dismantlement of the military industrial complex on the top of their campaign agenda. We will present a real candidate of peace.”
U.S. Election 2012: Stewart Alexander Says Ben Bernanke Should Resign (tags)
U.S. Socialist Stewart Alexander says, “Bernanke’s speech and response to the U.S. economic crisis has revealed that Chairman Bernanke has failed in his responsibility to the nation and should resign. While providing future guarantees to Wall Street, Bernanke’s message only provided optimistic illusions for the tens of millions of working people that are struggling nationwide.”
Alexander: Food Lines Show Signs of National Depression (tags)
According to Reuters, “The previous record for food stamp enrollment was 31.6 million last September, which included “disaster” stamps for states hit by hurricanes and floods.” Today’s disaster, that has increased that number is the U.S. economy; even with the government bailouts totaling close to $3 trillion, the U.S. economy is in freefall and the lines for food stamps and unemployment benefits continue to climb.
Alexander: Socialists Say Nationalize All U.S. Banks (tags)
Former Federal Reserve Chairman Alan Greenspan thinks it’s necessary to temporarily nationalize some banks. Federal Reserve Chairman Ben Bernanke in recent statements has indicated that the nationalization of some banks may be necessary under certain conditions, and many economic analysts believe nationalization is only a matter of time; however, socialists nationwide say nationalization of all U.S. banks is now necessary to achieve a national economic recovery.
Bail-Out, Economic Democracy and the Socialist Path (tags)
David Schweickart, political philosopher, discusses the financial crisis, what it exposes about capitalism, how it can set the stage for economic democracy, and open the socialist path.
Jail—Mortgage Lenders, brokers, Who Knowingly Sold or Made Fraudulent Home Loans (tags)
How can Americans possibly trust this Congress to protect $700 billion in Taxpayer Dollars that is needed to Restore US credit liquidity from being misappropriated?
Congress Please Don’t Do It (tags)
Bottom line the middle class was already on the decline and should this bailout be implemented the middle class as we know it will disappear and after all the dust settles and everything is said and done, it boils down to the rich will get richer and the poor will get poorer and the poor is who pays.
Reviewing James Petras' "Rulers and Ruled in the US Empire" (tags)
An in-depth review of James Petras' important new book.