Articles/News

Lucky's Business Plan by Tadit Anderson

This is most likely of no interest to any reader outside of Columbus, Ohio. The principle of as above, so below holds. The crony capitalism and financial fraud on Wall Street and in "the City" on High Street is reflected also on Main Street.

I have not seen a copy of Lucky's Columbus's business plan, even so there are several points that are very obvious.

The Next Chair of the Federal Reserve Must be a Regulator By Robert E. Prasch, NEP blog, Posted on July 25, 2013

If we go by the rumors circulating in the financial press, the Obama Administration is on the verge of selecting a proven failure – Lawrence Summers – to be the next Chair of the Federal Reserve System. This is the man, let us recall, whose greatest success in office was to work for the repeal of Glass-Steagall in 1999 and the nudge along the passage of the Commodity Futures Modernization Act of 2000 (which forbade any agency from regulating Credit Default Swaps).

Michael Hudson Shreds Obama’s Orwellian Speech on Middle Class Prosperity From Yves Smith of Naked Capitalism

Michael Hudson was so incensed by what he called a “Blairesque” speech by Obama on Wednesday that he took it upon himself to comment on its all-too-frequent sleights of hand and outright fabrications. However, you’ll also notice that the speech contained so much bullshit (in the Harry Frankfurter sense of indifference to the truth ) that eventually Hudson’s comments thin out a bit.

Stop Larry Summers Before He Messes Up Again by William Greider on July 20, 2013 The Nation

Washington insiders are spreading an alarming news alert. Barack Obama, I am told, is on the brink of making a terrible mistake by appointing Lawrence Summers as the new chairman of the Federal Reserve. That sounds improbable, since Summers is a toxic retread from the old boys’ network and a nettlesome egotist who offended just about everyone during his previous tours in government. More to the point, Summers was a central player in the grave governing errors that led to the financial collapse and a ruined economy.

Quantitative Easing is not Automatically A Keynesian Measure By Henry C.K. Liu This article appeared in AToL on J

In early April, 2013, the Bank of Japan, a central bank, under its new Chairman Haruhiko Kuroda, announced that it will implement both quantitative and qualitative easing (QE and QualE) to stimulate the stalled Japanese economy. (Please see my April 17, 2013 Article: Bank of Japan Bashing)

A Correspondence with World Bank Whistleblower Karen Hudes, The First Order of Business. Christof Lehmann CNBC

See also the RT interview with Karen Hudes above

There are few who doubt that World Bank whistleblower Karen Hudes is one courageous woman. Hudes, who worked 20 years in the World Bank´s legal department, reported corruption by a conglomerate or megabank, which according to Hudes is responsible for corruption in the Bretton Woods institutions. A cartel which effectively has the U.S. Federal Government under arrest, and which is likely to maneuver the world into a global currency war and a breakdown of the world financial system and trade.

HOW WALL STREET’S RENT-SEEKING VAMPIRE SQUID SUCKS ALL LIFE OUT OF THE ECONOMY L. Randall Wray UMKC

In economics there is the notion of economic rent—payment in excess of what is required to mobilize factors of production. For example, such rents accrue to those who have “cornered the market”—by artificially restricting supply of some resource, they are able to dictate usurious terms to buyers. We call them “rentiers”.

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