splitting times » economy

Capitalism hits the fan: A Marxist view

Fraehnk — Sun, 17 Jan 2010 21:59:21 +0000

With breathtaking clarity, renowned University of Massachusetts Economics Professor Richard Wolff breaks down the root causes of today’s economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that the proposed government “bailouts,” stimulus packages, and calls for increased market regulation will not be enough to address the real causes of the crisis – in the end suggesting that far more fundamental change will be necessary to avoid future catastrophes. Richly illustrated with motion graphics and charts, this is a superb introduction designed to help ordinary citizens understand, and react to, the unraveling economic crisis.

Capitalism Hits the Fan: A Marxian View from UVC-TV 19 on Vimeo.

Same talk, fancier graphs, but annoying “preview only” watermark on the vid:

This is not good … not good

Fraehnk — Tue, 17 Feb 2009 13:40:42 +0000

The Telegraph brings a story on how a Failure to save East Europe will lead to worldwide meltdown: The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.

In addition to that we have that interview with George Celente, founder of the Trend Research Foundation, which predicted many of the future technologies and trends over the last two decades. George Celente has been more accurate than any mainstream analysts and what he predicts isnt good news either: “We are going to see the worst depression the world….”

Capitalism and other kids-stuff

Fraehnk — Thu, 29 Jan 2009 23:08:34 +0000

I am done with our economic order. Its not like we didnt know all a long that the game is rigged, but how they are ripping us off right now, without even hiding it anymore…..Arrghhh it fucking pisses me off to see these dandy bankers fear-mongering and blackmailing the governments with their “bail us out, otherwise the whole financial system will fail” scheme and when done so starting to party and spend the money we the working class gave them to keep oppressing us. Fuck em. Lets follow Iceland or at least do it like France. Why should we keep supporting this system, eh? Lets look for an alternative..

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STRIKE:

What is money?

Fraehnk — Sun, 18 Jan 2009 16:14:25 +0000

After we all know how money is actually created from the documentary Money as debt, found earlier on splittingtimes, here it is in a more compressed version from someone else:

Editors note: Although Dave Icke has some obscure other theories he pretty much nails it on the monetary system

Financial crisis: Conflict of interests??….

Fraehnk — Wed, 08 Oct 2008 19:07:49 +0000

… naay, just because Henry Paulson is the former CEO of Goldman Sachs and now leader of U.S. government economic bailout efforts of 2008 giving this very bank billions and billions… c’mon.

Video:

Let’s loose some weight…

Fraehnk — Thu, 18 Sep 2008 07:44:39 +0000

..eerrm by weight i mean money. Here is a nice infographic from the Wallstreet Journal showing the awesomeness of lossing of 1.8 Trillion dollar.

Bank bubble bursting

Fraehnk — Tue, 16 Sep 2008 14:15:19 +0000

I was really surprised about the news on Monday after the Monetary System Posts. These are the Headlines at spiegel.de:

Die nächste US-Investmentbank in der Krise: Der Quartalsgewinn von Goldman Sachs ist um 71 Prozent eingebrochen. Die deutsche Börse reagierte schnell auf diese miese Bilanz – der Dax sackte unmittelbar nach Bekanntgabe der Zahlen ab

Hahahahaaa.. looks like its going to be fun…. Im really looking forward to the next Konkret and Titanic.

The monetary system – Part II – The Federal Reserve and IRS

Fraehnk — Sat, 13 Sep 2008 05:52:23 +0000

Part I set a good ground for this piece of material here. Aaron Russo’s documentary about the Income Tax fraud in the US and how the IRS is chasing people. Thats maybe not the most interesting part, so go straight into 57:11 min to get to know, whats the real deal

Funny how the “Communist Card” is played again. Tommy, here is your statement required.

The monetary system – Part III – The NWO and One-World-Government

Fraehnk — Sat, 13 Sep 2008 05:49:42 +0000

This is the extra push over the cliff: Interview with the late Aaron Russo before he died. The interesting revelations start around 15 min into the video.

During the interview the communists are opposed by the “free individual” .