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mother earth

Profile Information

Member since: Wed Nov 10, 2004, 05:08 PM
Number of posts: 5,682

About Me

We need a progressive movement that will serve to end the welfare state of the corporations, bring a halt to disaster capitalism, and return gov\'t representation to We The People. Campaign Finance Reform is imperative.

Journal Archives

What If The "Crash" Is as Rigged as Everything Else? Charles Hugh Smith, Of Two Minds

August 26, 2015

Take your pick--here's three good reasons to engineer a "crash" that benefits the few at the expense of the many.

There is an almost touching faith that markets are rigged when they loft higher, but unrigged when they crash. Who's to say this crash isn't rigged? A few things about this "crash" (11% decline from all time highs now qualifies as a "crash") don't pass the sniff test.

Exhibit 1: VIX volatility Index soars to "the world is ending" levels when the S&P 500 drops a relatively modest 11%. The VIX above 50 is historically associated with declines of 20% or more--double the current drop.

When the VIX spiked above 50 in 2008, the market ended up down 57%. Now that's a crash.

MORE:
http://www.oftwominds.com/blogaug15/rigged-crash8-15.html

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In the game where everything is rigged, EVERYTHING is deliberate. Apparently, Charles is familiar with Naomi Klein's Shock Doctrine.

Smoke and Mirrors of Corporate Buybacks Behind the Market Crash



Published on Aug 25, 2015

Michael Hudson, the author of Killing the Host: How Financial Parasites and Debt Destroy Global Economy, says the stock market crash on Monday has very little to do with China and all to do with short-termism and buybacks of corporations inflating their own stocks.

Transcripts:
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=14550

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Michael Hudson explains the latest "crash", as usual he lays it out so we can all understand. It may be the popular thing to blame China, but guess what? It's not them. As we've come to expect there's a lot of corruption via the banksters' & corporations' manipulations. We are not in recovery, we are in realization of how corrupt & phoney & enabled the whole damned system is. When fines instead of prison is all they face, who care about law?

Computer Voting and Stealing Democracy (TRNN)



Published on Aug 25, 2015


Larry Wilkerson says, that computerized voting has increased the capacity of cheating with precision, consistency and efficiency without any forensic evidence.

TRANSCRIPTS:
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=14545

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We've always had cheating, even Wilkerson admits it's something the GOP loves. Cheating runs rampant, is more sophisticated now, without any trace, how convenient. Please give him a listen.

Keiser Report, Episode 801



Published on Aug 25, 2015

In this special episode of the Keiser Report from Miami, Max Keiser and Stacy Herbert ask Reggie Middleton whether Miami really is the fraud capital of America. In the second half, Max continues his interview with Steve Dibert of MFI-Miami.com about mojitos, fraud arbitrage and whatever happened to Mers.

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Max touches on much more & absolutely nails it, I always look forward to his show & his take.

Clinton Emails and The Privatization of Mexico's State Owned Oil and Gas Company (2 parts)



Published on Aug 13, 2015

Steve Horn of DeSmogBlog.org says the emails confirm that Clinton's State had a role in breaking up the state-owned oil and gas company, Pemex, paving the way for international oil to wreak the benefits of off shore drilling.

Transcripts:
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=14465





Published on Aug 17, 2015

Steve Horn of DeSmogBlog.org discusses Hilary Clinton's role in breaking up the state-owned oil and gas company Pemex as well as her climate track record in the context of her State Department tenure.

Transcripts:
http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=14499


Prof. Richard Wolff: Global Capitalism: August 2015 Monthly Update



Published on Aug 13, 2015


Capitalism, the Vanishing Middle and the Poor

Judson Memorial Church
Assembly Hall
239 Thompson Street at Washington Square, Manhattan

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this Aug. 12, these will include:

1. Puerto Rico joins Detroit, Greece, etc. on capitalism’s list of victims
2. Why workers’ coops are key to the new “socialism for the 21st century”
3. Today’s assaults on workers’ pensions: analysis and real opposition
.......

Bio: Richard D. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst, and currently a Visiting Professor of the Graduate Program in International Affairs at the New School University in New York. He is the author of many books, including Democracy at Work: A Cure for Capitalism, and Imagine: Living in a Socialist USA.
Wolff hosts the weekly hour-long radio program Economic Update on WBAI, 99.5 FM, New York City (Pacifica Radio). More: http://rdwolff.com/content/about

http://www.rdwolff.com

For more info or donations: http://www.democracyatwork.info/


Professor Wolff's Podcast: http://www.truth-out.org/economic-upd...

Note: Used by permission of Prof. R.D. Wolff.

Keiser Report, E795, W/ Mitch Feierstein of PlanetPonzi.com



Published on Aug 11, 2015

In this summer solutions episode of the Keiser Report Max Keiser and Stacy Herbert are joined by Mitch Feierstein of PlanetPonzi.com to discuss the solution to global ponzi schemes as a source of economic activity. They discuss country specific ponzis from Greece to China and beyond.


Vindicated, while Lagarde emerges a loser? – David Marsh in MarketWatch, Yanis Varoufakis

Vindicated, while Lagarde emerges a loser? – David Marsh in MarketWatch

Posted on August 4, 2015 by yanisv


In his Monday column on MarketWatch David Marsh entitled his opinion piece: “Varoufakis vidicated, while Lagarde emerges as a loser”. Of course the point is not whether I have, or have not, been vindicated. The crucial issue concerns the viability, or otherwise, of the latest Greek deal. From day 1 I have been arguing that Ms Christine Lagarde has an interest in a negotiating impasse (between Greece and its creditors) so that she does not have to confess to the simple fact that the IMF’s staff will rebel if she signs another unsustainable loan agreement with a country whose debt is as unpayable as they come. For David’s analysis, read on…

Something is going badly wrong in relations between Christine Lagarde, the International Monetary Fund’s managing director, and the staff of the institution. Three times this month, in politically fraught negotiations over a Greek debt package, the IMF staff has disavowed its management over providing more loans to Greece as part of the third bailout deal of €82 billion to €86 billion that euro leaders stated they sealed on July 13.

As Oscar Wilde might have said, to show one such contradiction might be a misfortune, two appears like carelessness, while three looks downright hapless.

The fissures, as well as reinforcing uncertainty over the Greek imbroglio, cast doubt on Lagarde’s utility in attending European debt meetings, where she appeared to endorse decisions later rejected in Washington. The bizarre nature of IMF divisions may influence a top-level government decision about whether to renew Lagarde’s five-year term that ends in July 2016.
MORE:
http://yanisvaroufakis.eu/2015/08/04/vindicated-while-lagarde-emerges-a-loser-david-marsh-in-marketwatch/


NOTE: Varoufakis includes transcript of
Telephone conversation between Yanis Varoufakis, Norman Lamont and David Marsh 16 July 2015


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Just wanted to add that this is must read, if you have been following this situation as I have with much hope, it is absolutely revealing and offers perspective like nothing else. It makes me respect the man, Yanis Varoufakis, for the champion and man born for this time that he is, far more than I already do.

Ring of Fire: Voters Are Rejecting The Ruling Class – The 1% Are Running Scared



Published on Aug 10, 2015

According to former Labor Secretary Robert Reich, the political surges of both Donald Trump and Bernie Sanders have much deeper meaning than most people have been willing to discuss. According to Reich, the surge of these two candidates represents a broader revolt against America’s ruling class.

Reich explains that the two candidates are both viewed as outsiders, and their growing support is a sign that the public is ready to do away with the ruling class that has dominated American politics for the last 30 years.

One of the most important points made is that this groundswell of support is not to be confused with the typical attraction that the public has towards newcomers in the political arena – Reich says that this attraction is much different.

5 Ways America Is Already Socialist



Published on Aug 6, 2015


Socialism, turns out the dirtiest word in U.S. politics is as American as apple pie. From the U.S. labor movement to the New Deal to corporate subsidies, America relies on a healthy dose of socialism.
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