no more banksters

no more banksters's Journal

October 31, 2014

Growing inequality is disastrous but not inevitable

Many feel that some economic inequality is acceptable as long as those who study and work hard are able to succeed and become richer. This idea is deeply entrenched in popular narratives and reinforced through dozens of Hollywood films, whose rags-to-riches stories continue to feed the myth of the American Dream around the world.

Many believe that inequality is somehow inevitable, or is a necessary consequence of globalization and technological progress. But the experiences of different countries throughout history have shown that, in fact, deliberate political and economic choices can lead to greater inequality. There are two powerful economic and political drivers of inequality, which go a long way to explaining the extremes seen today: market fundamentalism and the capture of power by economic elites.

http://failedevolution.blogspot.gr/2014/10/growing-inequality-is-disastrous-but.html

October 27, 2014

ECB's vicious cycle mechanism

... this mechanism of vicious cycle seems to becoming so powerful that even without markets' and rating agencies' attacks, helpless politicians who totally rely on former banking executives, will rush to take new cruel measures similar to the Greek experiment in favor of plutocracy, every time that the ECB "sneezes" and the markets will be ready to pull the trigger.

http://failedevolution.blogspot.gr/2014/10/ecbs-vicious-cycle-mechanism.html

October 24, 2014

A test for the next banking crisis: Eurozone TBTFs to eliminate competitors!

Obviously, the TBTF banks strengthen further their position inside the eurozone, also with the help of the ECB this time. These "tests" are clearly focused on how they could eliminate competitors in a potential general banking crisis inside the eurozone.

http://failedevolution.blogspot.gr/2014/10/a-test-for-next-banking-crisis-eurozone.html

October 15, 2014

Plutocrats tighten siege around Europe

The European neoliberal economic empire sent a message, to Berlin this time, and is ready to accelerate processes for a catholic implementation of the destructive policies tested in Greece, to secure big capital's interests.

http://failedevolution.blogspot.gr/2014/10/plutocrats-tighten-siege-around-europe.html

October 7, 2014

New revelations prior to the final attack against Greece in 2010

Former chief executive officer of Deutsche Bank, Josef Ackermann, in an interview at the Greek newspaper, "Vima tis Kyriakis", confirmed that in 2010, when the spreads of the Greek bonds were still viable, he proposed a plan to give valuable time to Greek economy so that to surpass its problems, but as he claimed, it was not implemented due to the German "retreat".

http://failedevolution.blogspot.gr/2014/10/new-revelations-prior-to-final-attack.html

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