Saturday, May 14, 2016
Goldman Sachs: "We are witnessing a Stock Market exodus.";
Bank of America: "The U.S. may already be in a Recession.";
Wall Street Journal: "A Hedge Fund Exodus";
CNBC commentary: "This [the weak consumer] could be the 'Black Swan' for the economy.";
"We are in the midst of a deceleration in the economy, and the chain of dominoes leading to a recession has started to fall.";
"This is the foreshadowing of a recession.";
JP Morgan: "An economic crisis is inevitable.";
"The U.S. economy is steamrolling toward a Recession."
"Recession risk in the U.S. is rising rapidly.";
Bloomberg: "The Shipping News Says the World Economy is Toast.";
[The Baltic Dry Index is way down.]
"The clouds are gathering again over the global village we live in; they are getting darker every day.";
CitiGroup: "The global economy is on the brink of a Recession.";
"The global economy seems trapped in a death spiral...";
US Bank CEO: "I worry that the economic, political issues can impact people's incentive to consume and their optimism to go down. That's what worries me."
[Well, it's difficult to maintain an incentive to consume when: your wages are stagnant; or you have a part-time or temporary job; or you're unemployed; and the cost of living (especially groceries and rent) keeps going up. Hello.]
The above institutions/people have only scratched the surface relative to the Economic Crash that already has started, but at least it's a start. Now, if we can get the politicians to admit what's going on, maybe we'll get somewhere.
Not only my opinion. Be Well, and Best of Luck to Everyone
Monday, May 9, 2016
This is from the superb documentary, "Requiem for the American Dream", with Noam Chomsky. Chomsky often is regarded as a socialist, or even (especially by some on the political Right) as a communist; in reality, probably the closest thing to his political beliefs is a specific type of anarchism---anarcho-syndicalism, a type of direct democracy. In any case, in the film mentioned above he shows in great detail how Corporatism essentially has taken over America, and how both the Right and the Left have been duped. He refers to the ten points in my title as the "10 Principles of Concentration of Wealth and Power"---
1. Reduce democracy.
2. Shape ideology.
3. Redesign the economy.
4. Shift the burden.
5. Attack solidarity.
6. Run the regulators.
7. Engineer elections.
8. Keep the rabble in line.
9. Manufacture consent.
10. Marginalize the population.
Rich in detail and historical news clips, the documentary shows how Mega Business has manipulated American society through means such as Propaganda, Financialization, Lobbying, Consumerism, Crony Capitalism, political ideologies, undue influence, etc. to the point where genuine participatory democracy is pretty much long gone.
Apologies for the brevity of this piece, but I don't have the time or energy to adequately detail each of the ten points. See the film; currently it's on Netflix, and probably found elsewhere online as well. It shows exactly how a bloodless coup has taken place in the USA.
Not only my opinion. Be Well