by John Michael Greer The Archdruid Report (November 23 2011) We've covered a lot of ground in the last two months or so, and at this point I want to summarize the territory thus explored and link it back into the core of this blog's project - the search for a realistic understanding of the … Continue reading Bringing It Down To Earth
by Thomas H Greco, Junior Beyond Money (November 26 2011) One of my correspondents recently alerted me to a review of David Harvey's book, The Enigma of Capital, and the Crises of Capitalism (2010). I've not seen the book, but if the review is a faithful description, the book seems to be well worth reading. … Continue reading Is Capitalism in crisis?
#OWS, Other Crackdowns Part of National, Coordinated Effort Bloomberg Defies Court Order to Let Protestors Back into Zuccotti Park Update: Judge Rules in Favor of City Naked Capitalism (November 15 2011) The crackdowns on the Occupations around the US are as ugly as they seem. The area around Zuccotti Park was subject last night to … Continue reading Police State
by George McGovern Harper's Magazine Easy Chair (September 2011) When President Franklin Roosevelt came into office in the depth of the Great Depression, he sought to stabilize and empower American society by introducing bold new initiatives: Social Security, the Public Works Administration, the Federal Deposit Insurance Corporation, the Rural Electrification Administration, the Tennessee Valley Authority, … Continue reading A Letter to Barack Obama
Isn't the Dollar so Special? Responses to Comments on Blog Number Twenty Five by L Randall Wray New Economic Perspectives (November 24 2011) Thanks, Marty for the vote of confidence. Yes, the accounting is essential; it used to provide the foundation for both macro theory and also for "money and banking" but unfortunately it has … Continue reading Modern Money Blog Number Twenty Five – Responses
Currency Solvency and the Special Case of the US Dollar by L Randall Wray New Economic Perspectives (November 20 2011) In recent blogs we've been looking at sovereign government issues of bonds. We have argued that this is not really a "borrowing" operation but rather bond issues offer a (higher) interest-earning alternative than do reserve … Continue reading Modern Money Blog – Number Twenty Five
by Paul Craig Roberts opednews.com (November 25 2011) Bankers have seized Europe http://img820.imageshack.us/img820/6236/66091818.jpg On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of ten-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the … Continue reading Goldman Sachs Has Taken Over