Tag Archive
authoritarianism bank bailouts bank failures Bank of America Ben Bernanke bonds capitalism cashless society China coronacrisis cryptocurrency deficit spending Donald Trump economic bubble economic collapse economic crisis economic denial economic news articles economic predictions economic recovery epocalypse euro crisis European Union great depression Greek crisis Hillary Clinton housing bubble housing market collapse hyperinflation immigrant labor inflation Iran nuclear crisis national debt oil prices quantitative easing quantitative tightening Reaganomics recession recession v depression Russia stock market sustainable economics The Federal Reserve the Great Recession unemployment
The Tipping Point into Economic Collapse
This week the European bank Dexia was partially nationalized by Belgium because the Fed’s bailout two years ago didn’t work. Belgium and France has already nationalized part of the bank months ago. That essentially amounts to bailout after bailout, now reaching the third round. The large international bank, in other words, is a very sick patient that […]
DOWNTIME Part 11 – Banking on the Future
We’ve all heard the plan for saving the nation. Create a “Bad Bank.” Deposit all the bad loans in the nation into the bad bank, and flush them away. The bad bank will buy these loans with money that is minty fresh This magic money will come from the next generation. Our legacy to them […]
DOWNTIME Part 6 – Bailing Out the Biggest Bullies
When the present economic downfall was really getting under way last fall, Ken Lewis, the CEO of Bank of America, was lauded around the world for scooping up Merrill Lynch in a fire sale. What a brilliant man, the world thought, for picking up a Rolls Royce like Merrill Lynch for pennies on the dollar. […]
