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Though newer readers will be forgiven for disbelieving it, during my early online career I was primarily considered a finance and economics blogger, though I’d write about almost anything. Among other things, I predicted the financial collapse, including the DOW bottom and the month it would happen in. A correspondent once went thru the Wayback machine and found that there were less than forty people who made the prediction in advance.

I lost interest somewhere around 2010 and moved my primary focus to other topics: at the time mostly ideology and how it interacted with the political economy. There was no reason in continuing: my goal had always been change, and the Fed, Congress and Obama had all confirmed that the only change was to be the end of any real spar of capitalism.

So I’m not going to write about the proximate cause of the current financial collapse, but instead look at the bigger picture that lead here.

Source - Patreon

Source - Patreon

Source - Patreon

Source - Patreon

Bunch writes: On Friday, the Washington Post broke a bombshell story about a credible allegation of bribery involving the 2016 election of Donald Trump, Egypt’s dictator Abdel Fattah El-Sisi, and a mysterious $10 million all-cash withdrawal from an Egyptian state-run bank just five days before Trump became president — and adopted a more friendly aid policy toward the Middle Eastern nation. The rumors of such an investigation have kicked around for years — most famously in the latter days of Trump’s term when part of a federal courthouse was closed off while prosecutors pushed for records from the Egyptian bank, although few details were known at the time. The new Post investigation revealed a stunning detail — that the Cairo bank had received a note from an agency believed to be Egyptian intelligence to “kindly withdraw” nearly $10 million in two, 100-pound bags full of U.S. $100 bills, five days before Trump became 45th president. The case, which kicked off with a tip from a credible U.S.

Nedanstående är en gästpost signerad Mats Bladh Lars Syll skriver att felet med den neoklassiska teorin är dess deduktiva karaktär. Han tar Paul Krugman som exempel på att kritiska nationalekonomer själva faller tillbaka på sådana slutna modeller, och därför kan man inte ta slutenheten som det avgörande inslaget. Syll kunde ha tagit Joseph Stigler som exempel, […]

The UK’s far-right riots and the potential for conflict with Iran are not isolated events. Greg Stoker analyzes how economic despair and geopolitical tensions are driving unrest and instability both at home and abroad.

The post Far-Right Riots and Middle East War: A Dangerous Connection appeared first on MintPress News.

I keep hearing that we needn’t take Trump and company seriously about this fascist stuff. Really? Maduro is not a right winger. This is not about ideology. It’s about authoritarianism. That’s what he cares about. So when you hear people saying that the “threat to democracy” isn’t worth talking about, keep this in mind.

The Coalition’s junior member, the National party, have come out today demanding that the Albanese Government bring back leaded petrol. ”What sort of weak minded individual is Albo that he has a problem with lead?” Asked the National’s chief agitator... Read More ›

The vice presidential pick attempted to kill a slate of government protections under an obscure federal law — hinting at the GOP’s corporate vision for the next presidency.

What democracy would accept a member of parliament agreeing that it was permissible and acceptable for it’s solders to sexually abuse political prisoners Continue reading »

Spaceship Earth remains a compelling metaphor for our collective reality. Unfortunately, our ship looks as if it may have been made by an inter-galactic branch of Boeing. Continue reading »

I am not surprised by the disappointment felt by people with disability and their advocacy groups concerning what appears to be the Commonwealth Government’s limp-wristed and overly cautious response to the Disability Royal Commission into Violence, Abuse, Neglect and Exploitation of People with Disability. Restraining its response to only 172 of the 222 recommendations of Continue reading »

The appointment of a Special Envoy on Islamophobia by the Albanese Government comes amidst complex political times and strained community relations with Australia’s Muslim leadership. Continue reading »

Pearls and Irritations has been a source of enlightenment since its foundation in 2013. It has progressively increased in importance. What began as an interesting addition to the Australian media landscape has become an irreplaceable source of ideas and distinctive interpretations provided by a large collection of authoritative experts few of whom have access to Continue reading »

I am not part of America, but America has always been a part of me. Like no other country, the mere name carries a special fascination for me, and despite all its contradictions and problems, I have always felt attracted to it. This presidential election, can America leave behind the narrow mindset of the old Continue reading »