They Blame China But That Country Is Just The Canary In The Coal Mine

I don’t always agree with Celente’s political opinions. I think Capitalism and rampant deregulated counterfeiting Banking practices are responsible for the biggest transfer of wealth this world has ever seen but he is spot on in his trend predictions and this short recording is spot on as usual.

Late Stage Capitalism and the Shame Haunted Life. You Can’t Kill Trauma With A Gun

As a follow up to my on Toxic shame post I would like to point your attention to an excellent piece on Toxic shame and its importance to Capitalism and the 1%. By Phil Rockstroh                                                       “Memory believes before knowing remembers.”                                                          — William Faulkner January 04, 2013 “Information Clearing House” – In an era of […]

The Collapse Of Our Corrupt, Predatory, Pathological Financial System Is Necessary And Positive

 a couple of days ago I posted an article about the pending economic collapse explained in three easy steps. This article published on Zero Hedge blog is eminently readable and covers the economic collapse with a bit more detail but the premiss is the same. Banks took on risk and hedged it back to zero […]

Capitalism’s Self-inflicted Apocalypse

And while you are pondering the impact of my previous posts and you try to get some of this out on blogs such a the Standard where people are still discussing the pro’s and con’s of Socialism versus Capitalism this is something you might want to point them too. By Michael Parenti February 10, 2009 […]

A New Wind Blowing

December 24 / 25, 2008 “Information Clearinghouse” — The whole country is agog with the news of the Madoff Ponzi scheme and the billions he scammed from big investors, but nobody appears to realize that it is only the tip of a huge iceberg. There are other so-called legitimate institutions afloat in the private sector […]

Capitalism Short Circuits Our Moral Hard-Wiring

What an interesting concept. by Gary Olson In a recent New Yorker piece, Naomi Klein astutely observes that “The crash on Wall Street should be for Friedmanism what the fall of the Berlin Wall was for authoritarian Communism, an indictment of an ideology.” One hopes so. The financial system’s collapse in 2008 offers a rare […]

Capitalism as Extortion: 700,000,000,000 Ways

Over the last 7 days, I’ve been watching the repulsive song and dance in the USA to bail out some of the wealthiest corporations in the world. Congress finally passed bailout legislation today. But instead of reforming the system that allowed the kind of greed and manipulation we’ve seen, we see capitalist extortion at work. […]

Saudi Arabia Will Raise Oil Output 2% in July to Curb Prices

What this means is that Investment bankers gambled with Bonds and Derivatives contaminated with toxic sub prime mortgage sludge, and when the market collapsed changed their game by buying up crude and driving up the price in order to make up for their losses. In other words we are paying for their irresponsible behaviour. By […]

Food Crisis: “The greatest demonstration of the historical failure of the capitalist model”

Just in case you still thought the capitalist model was the best thing since vogel bread. “If the government cannot lower the cost of living it simply has to leave. If the police and UN troops want to shoot at us, that’s OK, because in the end, if we are not killed by bullets, we’ll […]