In today’s crises centered around Russia, world historians seem to have forgotten that it was American President Woodrow Wilson who made it possible for Leon Trotsky to enter Russia with an American passport. Observed in an historical context the underlying intent of western-eastern détente today should be seen in crystal clarity, but it is not…
The DNC and Media Corporate Establishment Is Grooming Kamala Harris as Obama 2.0…
One has to wonder how many humiliating defeats party members, and prospective party members, are going to accept from the corporate Democratic establishment before they toss them out, or form a third party, and encourage the zombie politicians to take their after office deals with their Big Money donors and Wall Street…
40% of the Fed’s Interest on Excess Reserves Is Paid to Foreign Banks…
Even as both the Fed and Wall Street are gripped by a raging debate over when, how and how much the Fed should shrink its balance sheet, most appear to be ignoring the $2.1 trillion elephant in the room: the fact that every incremental increase in the Fed Funds rate (also an increase in the […]
Court House Doors Will Reopen for Millions of U.S. Consumers…
Yesterday, Richard Cordray, the Director of the Consumer Financial Protection Bureau (CFPB) that was created in 2010 under the Dodd-Frank financial reform legislation, did what few Americans thought he would dare to do: he stood up to threats of being fired; threats of backlash from Wall Street titans; threats of having his agency’s budget gutted; […]
U.S. Treasury Unveils Financial Reforms, Critics Attack…
The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country’s financial regulatory framework, which, if successful, would grant many items on Wall Street’s wishlist. The nearly 150-page report suggested more than 100 changes, most of which would be made through regulators rather than Congress, Treasury Secretary Steven Mnuchin said in an […]
Treasury Secretary Mnuchin Wants to Put a Bigger Blindfold on Consumers…
What’s Neoliberalism? And How It’s Killing You!…
Dore explains ‘Neoliberalism’ what the Democratic Party is really all about these days. He states Neoliberalism ‘include[s] extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to increase the role of the private sector in the economy and society’…
Bit Rich? Barack Obama Pocketed £2.5M for Speech in Milan…
Barack Obama will reportedly pocket a staggering £2.5million (€3million) today for delivering a speech to a sold-out audience in Milan as part of his lucrative post-presidential speaking tour. The former President, who has already earned hundreds of thousands of dollars for private speeches since leaving the White House, will make his highest-paying appearance yet at […]
Obama Shows Why Wall Street Has Two Parties and We Have None…
“Activist” Obama Tells Americans “You Get The Politicians You Deserve”…
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