The year 2020 has caused many white people to realize we live in a racist system. The Green New Deal is about systemic change for all, and deconstructing racism must be front and central in this agenda.
derivatives
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Parasite #1: The Shadow Banking System
Despite the 828-page Dodd-Frank Act, the derivatives pyramid has continued to explode to a value now estimated to be as high as $2 quadrillion.
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Prosecuting Wall Street: It's Time to Bring the Banks Before a California Jury
Sixteen of the world’s largest banks have been caught colluding to rig global interest rates – so why are we doing business with a corrupt global banking cartel, and isn't it time someone prosecuted them?
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The Global Banking Game Is Rigged – And the FDIC Is Suing
Taxpayers are paying billions of dollars for a swindle pulled off by the world’s biggest banks using a form of derivative called interest-rate swaps – which are now a $426 trillion business.
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Three Demands to Congress: Student Loans, Glass-Steagall & a Financial Transaction Tax
People rule in a democracy. Not Wall Street, not banks, not money. This is something apparently forgotten by Congress.
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Time to Decide: Are We Ready for Economic Democracy?
We are in a time of transition, an era that will define the next economy. We can either privatize government services and public resources to keep wealth concentrated at the top, or we can turn the corner toward an economy that benefits all.
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Act Before the Bail-In: Now Is the Moment to Seize Public Banking
As an individual or as a public official, if you have money in one of the big banks, you have essentially given your money to that gambler and now you are a creditor to the gambler.
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Most Americans Want A Financial Transaction Tax -- Will Congress Hear the Call?
The proposed financial transaction tax, introduced to Congress several weeks ago, would generate more than $300 billion a year in revenue. 60 percent of Americans support it. But Congress, as usual, is stalling.
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Winner Takes All: The Super-Priority Status of Derivatives
Derivatives have “super-priority” status in bankruptcy, and Dodd Frank precludes further taxpayer bailouts. In a big derivatives bust, there may be no collateral left for the creditors who are next in line.
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An Ordinary Person's Guide to Overthrowing the Corporate Elites
In order to dismantle the corporate entities that have colonized the nation, we must first recognize ourselves as colonial subjects, accept the hollowness of electoral politics and destroy the corporate structure itself.
