America and China Joined at the Hip
By DAVE LINDORFF
With the government now having spent over $800 billion in less than a year shoring up tottering financial companies that had become little more than casinos (and rigged ones at that), America is looking increasingly like China, a country where the state has been gradually getting out of the business of directly owning companies.
https://www.informationclearinghouse.info/article20797.htm
The Meaning of the Collapse of Lehman Brothers
By Sam Marcy
The following article, written by Workers World Party chairperson Sam Marcy in the April 26, 1984, issue, holds tremendous lessons today as a growing number of Wall Street firms are collapsing with no end in sight. The root cause of the Lehman Brothers' crisis 24 years ago was attributed to its merger with Shearson/American Express.
https://www.informationclearinghouse.info/article20801.htm
Socialism or Barbarism
By Frank Scott
https://www.informationclearinghouse.info/article20805.htm
No Bull
On Ethics, Deregulation and Financial Chaos
By William A. Cohn
US government policy has encouraged recklessness - most recently by taking extraordinary measures to privatize gains while socializing losses. As part of the agenda of its so-called ownership society (excepting ownership of responsibility by powerful bankers and insurers who fail) the govt. even sought to privatize public obligations - recall the Bush proposal to privatize social security. So why not play fast and loose if the rules are heads I win tails you lose?
https://www.informationclearinghouse.info/article20800.htm
You've Been "Shafted" (Again)
By Larry Dorshkind
The ultimate tax obligation of your family figure is humongous? Just to give you a little sense of the scale, though, the present $9.5 trillion National Debt works out to be $38,000 per person (based on 250,000 Americans who can be expected to pay taxes). Therefore, for your 6-member family unit, your obligation for the current National Debt is $228,000.
https://www.informationclearinghouse.info/article20802.htm
The MSM Jumps on the Economic Bandwagon
By Kathy Sanborn
So the US economy is on the brink? Yawn. Tell me something I didn't know at least two years ago. Now the mainstream media have been given the green light to announce, bold as you please, that we are in for some pretty tough times, but Internet news and blog readers have known about our faltering financial system for a long, long time. Now, in the mainstream press, it has become popular to state the obvious: the country is broke.
https://www.informationclearinghouse.info/article20806.htm
Corporations Not Paying Income Tax
By LYNNLEY BROWNING
Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday by the Government Accountability Office, the investigative arm of Congress.
https://www.informationclearinghouse.info/article20799.htm
Senate Passes $612 bln Defense Spending Bill
By Jim Wolf
The U.S. Senate on Wednesday overwhelmingly approved a $612.5 billion defense spending bill for fiscal 2009, including $70 billion for operations in Iraq and Afghanistan. As passed on an 88-8 vote, the measure would authorize $103.9 billion for Pentagon procurement, $1.2 billion more than President George W. Bush's request. Overall, Bush had asked for $611.1 billion for national defense.
https://www.informationclearinghouse.info/article20796.htm
The Point of No Return
By Mike Whitney
Neither China nor the Saudi princes are buying any more failing investment banks. They'll leave that to the US taxpayer.
https://www.informationclearinghouse.info/article20811.htm
Grasping at Straws
By Mike Whitney
If Paulson is not removed and his rescue plan scrapped altogether; the dollar will lose its position as the world's reserve currency and the US government will face a historic funding crisis as foreign sources of capital dry up. That will thrust the country into a hyper-inflationary depression.
https://www.informationclearinghouse.info/article20828.htm
--------
Understanding the Crisis
https://www.lewrockwell.com/rockwell/understanding-the-crisis.html
The SEC’s Second-Hand Socialism
https://www.lewrockwell.com/rozeff/rozeff221.html
Dispossession by Decree
https://www.lewrockwell.com/grigg/grigg-w46.html
Will Government Bail Out Chili Mac?
https://www.lewrockwell.com/orig9/masty2.html
https://freepage.twoday.net/search?q=Lehman+Brothers
https://freepage.twoday.net/search?q=Wall+Street
https://freepage.twoday.net/search?q=Federal+Reserve
https://freepage.twoday.net/search?q=empire
https://freepage.twoday.net/search?q=deregulation
https://freepage.twoday.net/search?q=financial+chaos
https://freepage.twoday.net/search?q=ownership+society
https://freepage.twoday.net/search?q=national+debt
https://freepage.twoday.net/search?q=income+tax
https://freepage.twoday.net/search?q=taxpayer
https://freepage.twoday.net/search?q=Government+Accountability+Office
https://freepage.twoday.net/search?q=Paulson
https://freepage.twoday.net/search?q=reserve+currency
https://freepage.twoday.net/search?q=DAVE+LINDORFF
https://freepage.twoday.net/search?q=William+A.+Cohn
https://freepage.twoday.net/search?q=Kathy+Sanborn
https://freepage.twoday.net/search?q=com/rockwell
https://freepage.twoday.net/search?q=com/rozeff
https://freepage.twoday.net/search?q=com/grigg
https://freepage.twoday.net/search?q=Mike+Whitney
With the government now having spent over $800 billion in less than a year shoring up tottering financial companies that had become little more than casinos (and rigged ones at that), America is looking increasingly like China, a country where the state has been gradually getting out of the business of directly owning companies.
https://www.informationclearinghouse.info/article20797.htm
The Meaning of the Collapse of Lehman Brothers
By Sam Marcy
The following article, written by Workers World Party chairperson Sam Marcy in the April 26, 1984, issue, holds tremendous lessons today as a growing number of Wall Street firms are collapsing with no end in sight. The root cause of the Lehman Brothers' crisis 24 years ago was attributed to its merger with Shearson/American Express.
https://www.informationclearinghouse.info/article20801.htm
Socialism or Barbarism
By Frank Scott
https://www.informationclearinghouse.info/article20805.htm
No Bull
On Ethics, Deregulation and Financial Chaos
By William A. Cohn
US government policy has encouraged recklessness - most recently by taking extraordinary measures to privatize gains while socializing losses. As part of the agenda of its so-called ownership society (excepting ownership of responsibility by powerful bankers and insurers who fail) the govt. even sought to privatize public obligations - recall the Bush proposal to privatize social security. So why not play fast and loose if the rules are heads I win tails you lose?
https://www.informationclearinghouse.info/article20800.htm
You've Been "Shafted" (Again)
By Larry Dorshkind
The ultimate tax obligation of your family figure is humongous? Just to give you a little sense of the scale, though, the present $9.5 trillion National Debt works out to be $38,000 per person (based on 250,000 Americans who can be expected to pay taxes). Therefore, for your 6-member family unit, your obligation for the current National Debt is $228,000.
https://www.informationclearinghouse.info/article20802.htm
The MSM Jumps on the Economic Bandwagon
By Kathy Sanborn
So the US economy is on the brink? Yawn. Tell me something I didn't know at least two years ago. Now the mainstream media have been given the green light to announce, bold as you please, that we are in for some pretty tough times, but Internet news and blog readers have known about our faltering financial system for a long, long time. Now, in the mainstream press, it has become popular to state the obvious: the country is broke.
https://www.informationclearinghouse.info/article20806.htm
Corporations Not Paying Income Tax
By LYNNLEY BROWNING
Two out of every three United States corporations paid no federal income taxes from 1998 through 2005, according to a report released Tuesday by the Government Accountability Office, the investigative arm of Congress.
https://www.informationclearinghouse.info/article20799.htm
Senate Passes $612 bln Defense Spending Bill
By Jim Wolf
The U.S. Senate on Wednesday overwhelmingly approved a $612.5 billion defense spending bill for fiscal 2009, including $70 billion for operations in Iraq and Afghanistan. As passed on an 88-8 vote, the measure would authorize $103.9 billion for Pentagon procurement, $1.2 billion more than President George W. Bush's request. Overall, Bush had asked for $611.1 billion for national defense.
https://www.informationclearinghouse.info/article20796.htm
The Point of No Return
By Mike Whitney
Neither China nor the Saudi princes are buying any more failing investment banks. They'll leave that to the US taxpayer.
https://www.informationclearinghouse.info/article20811.htm
Grasping at Straws
By Mike Whitney
If Paulson is not removed and his rescue plan scrapped altogether; the dollar will lose its position as the world's reserve currency and the US government will face a historic funding crisis as foreign sources of capital dry up. That will thrust the country into a hyper-inflationary depression.
https://www.informationclearinghouse.info/article20828.htm
--------
Understanding the Crisis
https://www.lewrockwell.com/rockwell/understanding-the-crisis.html
The SEC’s Second-Hand Socialism
https://www.lewrockwell.com/rozeff/rozeff221.html
Dispossession by Decree
https://www.lewrockwell.com/grigg/grigg-w46.html
Will Government Bail Out Chili Mac?
https://www.lewrockwell.com/orig9/masty2.html
https://freepage.twoday.net/search?q=Lehman+Brothers
https://freepage.twoday.net/search?q=Wall+Street
https://freepage.twoday.net/search?q=Federal+Reserve
https://freepage.twoday.net/search?q=empire
https://freepage.twoday.net/search?q=deregulation
https://freepage.twoday.net/search?q=financial+chaos
https://freepage.twoday.net/search?q=ownership+society
https://freepage.twoday.net/search?q=national+debt
https://freepage.twoday.net/search?q=income+tax
https://freepage.twoday.net/search?q=taxpayer
https://freepage.twoday.net/search?q=Government+Accountability+Office
https://freepage.twoday.net/search?q=Paulson
https://freepage.twoday.net/search?q=reserve+currency
https://freepage.twoday.net/search?q=DAVE+LINDORFF
https://freepage.twoday.net/search?q=William+A.+Cohn
https://freepage.twoday.net/search?q=Kathy+Sanborn
https://freepage.twoday.net/search?q=com/rockwell
https://freepage.twoday.net/search?q=com/rozeff
https://freepage.twoday.net/search?q=com/grigg
https://freepage.twoday.net/search?q=Mike+Whitney
rudkla - 19. Sep, 09:53
