The Big Banks’ Big Secret
The CCPA today released my report: “The Big Banks Big Secret” which provides the first public estimates of the emergency funds taken by Canadian banks. The report bases its estimates…
financial crisis
Breaking it Down: Industrial Capitalism vs. Financial Capitalism (or, Why We’re F*cked)
Michael Hudson asks: “In light of the enormous productivity gains since the end of World War II – and especially since 1980 – why isn’t everyone rich and enjoying the…
Quebec Tuition: Between a Rock and Hard Place?
In the context of student protests over Quebec tuition fees, my friend Luan Ngo has just written a very informative blog post on Quebec’s fiscal situation. While I encourage readers…
Austerity: The High Cost of Tax Cuts
Austerity is a most vile concept, particularly when you think of just how rich Canada is.
The Times they Are a Changing: The MMT Wave Begins
Take a look at the picture below. Take it in. Now scan your eyes to the far right…there, in faded blue you’ll see the initials MMT. Now zoom out. Take…
London Should Have More 50% Off Days
50% off wages? How about 50% off everything? Yeehaw!
If Davos Isn’t About Capitalism, What’s Stephen Harper All About?
Stephen Harper vs raging grannies. This is what Conservatives and capitalism are all about? Bullies and braggarts?
The Davos Speech
The Prime Minister’s speech at Davos was, I would bet, written by Stephen Harper himself. It bore the stamp of his long standing contempt for the European welfare state. He…
Davos 2012: You’ve Been Warned
What outcome will the economic leaders agree on when they meet in Davos in 2012? Expect less.
Timeline: How ‘Too Big to Fail’ Happened in the US
Too big to fail a result of bad regulatory policy? Absolutely. See why.
A Brief History of Plutocracy
Plutocracy has always been around us. So what’s a reasonable substitute?
Global Research ’2011 Year of the Dupe’: An Awesome Read
Read ‘2011 Year of the Dupe’ by Global Research. You’ll enjoy it and appreciate some truth for a change.
Other People’s Money
“Other People’s Money” by Justin Cartwright (Bloomsbury, 2011) is to the novel what the wonderful “Margin Call” is to film – a fictionalized but convincing account of high finance and…
Were the Canadian Banks Bailed Out?
The conventional line has been, no. Our banks were strong. Unlike the US and Europe, no bailout was needed to deal with the global financial crisis of 2008. This line,…
Where Did the Fed Get $7.7 Trillion?
The Fed in the US as explained by Dennis Kucinich.
Molly’sBlog 2011-11-30 21:38:00
INTERNATIONAL POLITICS: DEMOCRACY VERSUS THE BANKERS: The following item on the international finamcial crisis is from the Anarkismo website. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Europe & the BankersThe limits of democracy in Project Europe When…
Economics, Media and Mass Manipulation
Change is inevitable when the cards are stacked against so many people.
Every leader gets their day
Mr. Berlusconi is departing as leader of Italy and the citizenry reacts: From the New York Times' coverage: “This is the most dramatic moment of our recent history,” Ferruccio de…
Another Gentle Coup …
Rumour has it that Greece leader Papandreou's days may be numbered. Is it because he believes in democracy or because he doesn't want to cave to lenders?
US to Backstop $75 TRILLION in Derivatives Risk?
Just as #occupywallstreet picks up steam, it looks like the US Federal Reserve will backstop (ie. insure against risk or exposure) the massive $75 TRILLION of notional derivatives carried by…