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Author Topic: Money  (Read 7890 times)

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Surly1

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The Last Time Banks Did This... They Caused A Financial Crash w/Richard Wolff
What happens if the government wants to stimulate the economy, by telling the banks they can lend out part of their held deposits or all of it?

The last time the banks were able to lend out their reserves... we found ourselves in a global financial crash!

We never learn anything, do we?

Quote
“We are the United States of Amnesia, we learn nothing because we remember nothing.”
― Gore Vidal

AGelbert

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It depends on the definition of "we".
« Reply #661 on: September 15, 2019, 03:08:10 pm »
The Last Time Banks Did This... They Caused A Financial Crash w/Richard Wolff
What happens if the government wants to stimulate the economy, by telling the banks they can lend out part of their held deposits or all of it?

The last time the banks were able to lend out their reserves... we found ourselves in a global financial crash!


We never learn anything, do we?

Quote
“We are the United States of Amnesia, we learn nothing because we remember nothing.”
― Gore Vidal

It depends on the definition of "we". After every single financial crash the USA has gone through since at least 1913, and probably long before, the concentration of wealth and power has increased for TPTB 1% elite predators. They learned early on how to push the horses and sparrows BULLSHIT that we-the-people are the sparrows quite happy with picking the "trickle down" seeds out of the elite horse droppings. There hasn't been ANY downside for those that are responsible for establishing the conditions that bring about these public impoverishing crashes. So, they continue to do what they do.

Long pitchforks.
« Last Edit: September 15, 2019, 09:30:44 pm by AGelbert »
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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]Economic Update: Capitalism in Denial
« Reply #662 on: September 16, 2019, 10:59:29 pm »
Economic Update: Capitalism in Denial
25,850 views•Published on Sep 16, 2019


Democracy At Work
128K subscribers

[S9 E35] Capitalism in Denial

**We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate

The first half of this week’s episode of Economic Update features a discussion by Professor Wolff on the parallels of declining capitalism in the UK and the U.S. and how the denials of the systemic problems inherent with capitalism are making the economic situations in both countries profoundly worse.

In the second half of this week’s show, Professor Wolff presents two longer segments on (1) the political economy of immigration, and (2) why the basic problem of Central and South America is 2-3 centuries of capitalism producing and reproducing extreme inequality, staggering poverty, and corrupt government elites. That is the crucial context for the Cuban and Venezuelan efforts, however imperfect and against U.S. opposition, to break out of capitalism.

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AGelbert

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Re: Money
« Reply #663 on: September 18, 2019, 07:56:34 pm »
Did The Banks Just Tell Us A Massive Crash is Coming? w/Richard Wolff
43,769 views•Published on Sep 17, 2019


Thom Hartmann Program
174K subscribers

The Fed just dumped $75 Billion into the economy.... and possibly to avert a massive financial crash

Monday morning, large short term loans became unavailable and rates for these gigantic loans shot up

High interest rates caused financial crashes in the past

The Fed panicked and flooded the market with lots of money!

The question is why were short term loans unavailable, where did that money go and what shot up the interest rates?

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Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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George Monbiot: How to Really Take Back Control
« Reply #664 on: September 20, 2019, 07:39:29 pm »
George Monbiot: How to Really Take Back Control
22,121 views

1:03:39

Published on Mar 23, 2018

Truthfal
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George Monbiot speaking at Falmouth University.
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Category News & Politics
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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Economic Update: U.S. Economy and the 💵🎩 Market
« Reply #665 on: September 23, 2019, 07:34:58 pm »
Economic Update: U.S. Economy and the 💵🎩 Market
18,829 views•Published on Sep 23, 2019


Democracy At Work
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[S9 E36] U.S. Economy and the Market

**We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate

This week on Economic Update Professor Wolff delivers an analysis of the state of the U.S. economy at summer's end, 2019 and it’s a decidedly mixed picture.

In the second half of this week’s show, Professor Wolff presents a counter to the imaginary 'free market’ with a critique of the institution that is “the market” focusing on its structure, social effects, and particular beneficiaries.

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Category News & Politics
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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Robert Reich: Trump's Economy Revealed
« Reply #666 on: September 24, 2019, 01:44:39 pm »
Robert Reich: Trump's Economy Revealed
9,324 views•Published on Sep 24, 2019


Robert Reich
149K subscribers

Former Secretary of Labor Robert Reich explains how the economy seems to be doing well under Trump, but a closer look reveals the true story.

Watch More: The 7 Biggest Failures of Trumponomics ►►

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Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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💣 The developed world is on the brink of a financial, economic, social and political crisis
516,701 views•Aug 27, 2019


Livewire Markets
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Donald Amstad from Aberdeen Standard Investments delivers a sobering assessment on the state of developed market economies.

Livewire Markets is an Australian based investment website providing access to the investment insights and opinions of fund managers and investment professionals. Registration is free and gives you access to our daily newsletter featuring the most popular articles and videos.

Visit the Livewire website for more information: https://www.livewiremarkets.com

Developed economies are at a crisis point, the powers of unconventional monetary policy are exhausted, and markets are just beginning to wake up to this. That’s the sobering assessment on the current state of the global economy delivered by Donald Amstad from Aberdeen Standard Investments 

His view is that when developed markets finally crack, there will be serious implications for every asset class and economy. However, those economies where monetary policy remains relatively ‘normal’ will be those best placed to respond. In his view, the emerging markets have more levers to pull when compared to developed markets, where the money printing taps have been turned on and interest rate settings are near zero.

The irony is that during the Asian crisis it was the IMF and central bankers from developed markets that convinced the emerging market governments not to print money and ‘take their medicine.’ Amstad says that this was a cathartic process for these economies, and they are now looking on in bewilderment as the West has resorts to money printing of an unprecedented scale.

“In the emerging world, economic and monetary policy is broadly orthodox. It is the West that is running unorthodox economic and monetary policy and it is the West, ironically, that is now on the cliff edge.”

Implications for investors

Amstad says that unconventional monetary policy has been pushed to the limit and that negative yielding bonds are playing havoc with pension funds and with the profitability of banks and other financial institutions. He highlights that while the United States is awash with debt, it is the $125 trillion of unfunded government liabilities that is most concerning.

Furthermore, he says that investors are faced with a scenario where the key defensive or ‘risk-free’ asset in their portfolios appears to be in a bubble. Historically, it has been riskier asset classes that have been the source of financial malaise. For example, it was credit markets in 2007, tech stocks in 2000 and equities in 1987. However, during these periods' bonds have acted as a buffer for balanced portfolios, Amstad questions if this will be the case today.

“What we have never had to cope with before is if there is a bubble in the risk-free asset class. What happens when that goes pop. What is the new risk free?”

Social implications

Central banks have been playing a game of ‘whack-a-mole', using monetary policy tools to quash any flare up in volatility. Under this regime it has been the wealthiest 0.1 per cent of the world population that has benefited from asset price inflation. Amstad argues that we are already seeing financial and economic troubles becoming political and social flare ups.

He expects that these social tensions will only continue to escalate if developed world policy makers are unwilling to take their medicine.

“If they do come out with another bout of QE then banks are going to go bust, pension funds are going to go bust, insurance companies are going to go bust. And if it pushes the stock market back up again, then the 99.9% are probably not going to tolerate more handouts. That leads to social and political instability.”

Watch the full video below for a sobering assessment on the state of developed market economies and the implications for investors.

"I am very worried about the West. I think it is verging on catastrophe and what is interesting of course is the markets are just beginning to wake up to this."

For all the latest insights from Australia's leading Fund Manager's sign up to Livewire for free at http://www.livewiremarkets.com

Category News & Politics
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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A Growing U.S. Left ✨
« Reply #668 on: October 09, 2019, 12:15:55 pm »
Economic Update: A Growing U.S. Left
46,599 views•Oct 7, 2019


Democracy At Work
135K subscribers

[S9 E38] A Growing U.S. Left

**We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate

THIS WEEK'S TOPICS (w/timestamps):
01:20 - Updates on California events (LA Times labor union, 80,000 Kaiser workers to strike, new state public banking law);
04:22 - gross inefficiency of private car industry;
07:01 - wide global use of wealth taxes vs "conservative" claims;
11:06 - anti-left politics in US labor history;
13:57 - announcements;
15:04 - SPECIAL GUEST: Prof. Wolff interviews Michael Brooks, the host of “The Michael Brooks Show” about his podcast and the state of the state today.

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Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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Libertarian Lies About Taxes Debunked
« Reply #669 on: October 15, 2019, 09:59:30 pm »
Libertarian Lies About Taxes Debunked
4,025 views•Oct 14, 2019


Thom Hartmann Program
184K subscribers

Libertarians are known for saying "Taxation is theft" but whats a good way to counter such a claim?

Thom Hartmann answers a concerned caller who wants to find out how to counter the arguments and lies made by libertarians.

Whats your favorite way to stop libertarians form
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Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

Surly1

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Re: Libertarian Lies About Taxes Debunked
« Reply #670 on: October 16, 2019, 08:28:31 am »
Libertarian Lies About Taxes Debunked
4,025 views•Oct 14, 2019

Libertarians are known for saying "Taxation is theft" but whats a good way to counter such a claim?

Good answer. the Holmes quote sprang to mind.

My own response has generally been, "So when your house catches fire, you're going to put nit out yourself? Good luck."

Libertarians deny that there IS such a thing as "the public good." Mostly because the poor might benefit from it.

AGelbert

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Re: Money
« Reply #671 on: October 16, 2019, 12:37:53 pm »
Libertarian Lies About Taxes Debunked
4,025 views•Oct 14, 2019

Libertarians are known for saying "Taxation is theft" but whats a good way to counter such a claim?

Good answer. the Holmes quote sprang to mind.

My own response has generally been, "So when your house catches fire, you're going to put it out yourself? Good luck."

Libertarians deny that there IS such a thing as "the public good." Mostly because the poor might benefit from it.


Holmes certainly had their number. Libertarians are willing victims of Satanic Brainfuck. It never ceases to amaze me how totally irrational their priorities in life are. Maybe they just think it is fun to con everyone around them out of money. Maybe they are allergic to common decency. And, maybe they are just Hellspawn souls of perdition that can only enjoy life when they are undermining the lives and welfare of those around them. Whatever it is, they are a clear and present danger to present and future human society.
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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Worker Co-Ops, Socialism's Future
« Reply #672 on: October 16, 2019, 09:37:30 pm »
Economic Update: Worker Co-Ops, Socialism's Future
26,538 views•Oct 14, 2019


Democracy At Work
136K subscribers

[S9 E39] Worker Co-Ops, Socialism's Future

**We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate

In the first half of Economic Update this week, Professor Wolff discusses how and why socialism changed from what it meant in the 19th and 20th centuries (public enterprises + state planning vs capitalism's private enterprises + markets).

During the second half of this week's episode, Prof. Wolff leads us on an exploration of why 21st century socialism aims to democratize capitalist workplaces, replacing their top-down undemocratic organization with worker cooperatives.

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Category News & Politics
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

AGelbert

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Are You Taxed More Than the Rich?
« Reply #673 on: October 17, 2019, 07:51:53 pm »
Are You Taxed More Than the 👹🎩Rich?

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Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

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How the 👹🎩 Supreme Court Put Money In Politics!
« Reply #674 on: October 17, 2019, 07:55:48 pm »
How the 👹🎩 Supreme Court Put Money In Politics!
941 views•Oct 16, 2019


Thom Hartmann Program
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Thom Hartmann exposes how two Supreme Court decisions put money in politics, leading to the corruption we see today.

How can we save our democracy from the influence of money?

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Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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