Ellen Brown: While banks and investors were busy counting their profits behind the curtain of MERS, homeowners and counties have been made to bear the losses. The city of San Bernardino is in such dire straits that on August 1, it filed for bankruptcy.
Mark Nevin: In the 1964 presidential campaign, Republican Barry Goldwater initially criticized Social Security but then backed away from that criticism after he fell under attack from fellow Republicans. Despite his backpedaling, Goldwater could never shake the label of Social Security foe. Might current Republican front-runner Rick Perry be in a similar situation?
Articles by Norman Solomon Jerry Drucker Michele Waslin, Robert Letcher, Brad Parker, Ed Rampell, Shamus Cooke, Ivan Eland, Robert Reich, Robert Fuller, Michelle Alexander, Andrea Christina Nill, David Love, Paul Hogarth, Randy Shaw, Robert Letcher, Joseph Palermo, Andrew Glikson, Stuart Wolpert, Berry Craig, Ron Wolff, David Lee McMullen Sherwood Ross Robert Reich, Tom Hall, and Joseph Palermo.
The No and Know Nothing Party, aka the Greedy Obstructionist Prevaricators, started building their latest successful Corporate Ponzi Scheme by using their upside-down pyramid assault (trickle up) on America. Some 30 years ago with the onset of Ronald Reagan, the Conservatives and mega Corporations realized what they offered the people needed to be disguised, since [...]
Few had heard the name Bernard (Bernie) Madoff, as recently as two months ago. An equally small group was familiar with the term “Ponzi Scheme” when the Madoff scandal broke. And now there is the Sir R. Allen Stanford scandal. Now, in this era of keen observance to rules of fiscal prudence where the public [...]
America is the greatest country in the world… Or at least that’s what they tell me. The greatest country? Now, exactly what yardstick were you using just now? Such a bold statement with such paltry evidence! Sounds like the words of someone who hasn’t been anywhere, Yet those who have lived, traveled and studied Beyond [...]
It’s difficult to make the case that the first $350 billion bailout of Wall Street — so-called “TARP I” — fulfilled its goals, unless one argues that the Street would have imploded without it, which is pretty much what Hank Paulson is saying these days. And since it’s impossible to prove a counter-factual, especially when [...]
The rhetoric of fear made its way into the election as still President Bush (for 111 more days) put on his serious face, stared into the camera, and lied to bail out his Wall Street pals just like he did for his oil buds six years earlier. They need us to buy into this Ponzi [...]
On today in 1952, Republican vice-presidential candidate Richard Nixon went on television to deliver what came to be known as the “Checkers” speech. Appearing on flickering, black-and-white sets across America, his wife seated next to him like the stage prop she’d play for the rest of Nixon’s life, he denied allegations of improper campaign financing.
In a stunning deregulation reversal, President Bush in a one-minute statement before retreating back into his sealed White House bunker, called for the creation of a massive $700 billion dollar toxic mortgage bailout RTC-like organization to allow ‘business as usual’ for his Wall Street, white tie base. When you can print your own money you [...]