✳️lighting Trump's crypto corruption.

Sen Dems who railed against Trump's #corruption suddenly develop amnesia when: #crypto IND waves $197M in campaign donations. GENIUS Act: basically a permission slip for pres conflicts of interest. Ds opposed: bill 11 days ago citing ethics concerns. 16 D Senators:🚨funny how $40M spent defeating Sen Brown helped change their thinking.

The last time Congress created a 'weak REG regime for innovative FIN products'➡️🚨*2008 #GFC.
#USPol
https://www.thenation.com/article/politics/genius-act-crypto-democrats/

“The one thing that can stop the rise of the far right is the one thing mainstream parties are currently not prepared to deliver: greater equality. The rich should be taxed more, and the revenue used to improve the lives of the poor. However frantically centrist parties avoid the issue, there is no other way.” (George Monbiot)

Of course, it’s only come to this due to the lack of #taxReform , progressive social #legislation , and #FinancialRegulation action from all govt since the 2008 #GFC . #Neoliberalism ,#CorporateCapitalism and #Globalisation have been left unfettered to carry on this foolish race to the bottom.

#Fascism #RWNJs #Authoritarianism #PopularPolitics #Oligarchy

Source: https://www.theguardian.com/commentisfree/2025/apr/13/trump-populists-human-nature-economic-growth?

1/ #MAGA bros are crowing about the 2nd highest single day Nasdaq stock market gains in history. It's worth remembering that:

1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.

2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.

3. the 6th and 8th (tied) largest gains came during the covid panic in 2020

In other words all 10 of the highest gaining days in Nasdaq history, with the possible exception of today which is still TBD, came during major long term market crashes.

Massive market moves like this are in no way a sign that markets are healthy and performing their societal function. In fact quite the opposite - massive moves up are historically almost always a symptom of the disease of speculative mania refusing to accept reality (“buy the dip!!!!”).

#uspol #recession #stockmarket #finance #trump #tariff #tariffs #QQQ #Nasdaq #GreatFinancialCrisis #GFC #buythedip #BTFD #economy #economics

Greifswalder FC - BSG Chemie Leipzig (Highlights) Spieltag 23 (Nachholspiel) | Regionalliga Nordost | OSTSPORT.TV

#ostsporttv

Alle Videos auf: ostsport.tv/

OSTSPORT.TV & Social Media:

YOUTUBE: bit.#RLNordost #RLNordostHighlights #RegionalligaHighlights #ostsport #sportimOsten #ostsport #ostsporttv #ostsporttv #Chemie #BSG #Fans #Ultras #Lok #Leipzig #Derby #Sachsen #Pokal #Sachsenpokal #Ortsderby #EintrachtFrankfurt #Greifswald #GFC #GreifswalderFC #HansaRostock #Mecklenburg #Vorpommern #Pyro #Ratifo #Mosambik #Benyamina #Volksstadion #Kroos
Nach LOK-Pleite! Chemie mit Reaktion in Greifswald: GFC - BSG | Regionalliga Nordost

Yeşil İklim Fonu, 687 milyon dolarlık yeni yatırımı onayladı #SonDakika #İklimDeğişikliği @theGCF #GFC

https://cevrehatti.com/iklim-degisikligi/yesil-iklim-fonu-687-milyon-dolarlik-yeni-yatirimi-onayladi/

Independence Missouri #GFC https://youtube.com/shorts/Qu8TJHR6DYM?si=Kgs7JlYAemaLzOvo

Let me introduce myself. Political I’m a centrist. I’m married father of two. I’m an agent of chaos but I also believe to treat others the way you want to be treated. My page is 21+ only no minors ever. In facts I’ve blocked certain hashtags. Pedos are not human and I will never give them respect. Make pedos afraid again. #FA2FO #GFSF #GFC #HEREWEGO #SteelerNation

Of course that ended well last time it was tried.
#GFC

Reeves tells City regulator to encourage more risk-taking in financial sector | Financial sector | The Guardian
https://www.theguardian.com/business/2024/nov/15/reeves-tells-city-regulator-to-encourage-more-risk-taking-in-financial-sector

Redeeming the Nobel in #Economics
"Johnson was scathing abt how Obama’s #neoliberal team handled e #GFC. “e #financial sector was saved by unprecedented #government #support. If #homeowners had received e same level of support in 2008-9 .. #American #economy wld hv recovered, house prices risen, & everyone involved wld hv looked like a genius. But.. e result was: mass #unemployment, greater #inequality, confused anger, & Pres #Trump".. insights surely worthy of a #Nobel"
https://prospect.org/blogs-and-newsletters/tap/2024-10-18-redeeming-nobel-in-economics/

@ceresbzns @treyhunner

The opposite is true: Managed money (BlackRock etc.) evidently raised under the free market ideology of mainstream economics, led to the GFC (money creation of commercial banks - not central banks!) and to today's degree of inequality endangering democracy.

If one likes to turn the page (and give back souvernity to the state and the people) a serious engagement with Postkeynesian theories is required. That means to leave the level of claims, opinions and believes and to practice in good scientific habits - being open to discourses based on arguments and evidences.

#MMT is a good starting point. If you are interested in the dynamics that led to the #GFC then R. Wrays "Why Minsky matters" is a good read (it's a kind of prequel to todays mmt).

The ones who blame the #mmt not to be a real theory fall for rumors and opinions about mmt. These are spread by mainstream which is in defense (why did it not see the GFC coming? what is its acual real world relevance?) > Critic immunization.

Govt support measures can also flush #profits into #companies' coffers. For example, the increased indebtedness of public budgets in industrialized countries after #GFC 2008 as a profit stabilization programme - creating #money out of thin air ensures tangible #investments.

Late drama in Chicago! #CHI 0 #GFC 1

#NWSL #FediFC #MastodonFC

#dejavu
Musk’s #Twitter #Takeover Is Now the Worst #Buyout for Banks Since the GFC
"The $13bil tt #Musk #borrowed has turned into e #worst #mergerfinance deal for #banks since the 2008-09 #GFC. The 7 banks in e deal, incl'g #MorganStanley & #BofA, lent e money in Oct 2022.. nearly 2 years aft, X’s biz is still struggling to climb out of the #deephole it fell into under his ownership—the co last yr said its value had fallen by more than half, to around $19bil"💸 #StopGreed
https://www.msn.com/en-us/money/companies/elon-musk-s-twitter-takeover-is-now-the-worst-buyout-for-banks-since-the-financial-crisis/ar-AA1p6hLY

Chinese people know their country’s internet is different. There is no Google, YouTube, Facebook or Twitter. They use euphemisms online to communicate the things they are not supposed to mention. When their posts and accounts are censored, they accept it with resignation.

They live in a parallel online universe. They know it and even joke about it.

Now they are discovering that, beneath a facade bustling with short videos, livestreaming and e-commerce, their internet — and collective online memory — is disappearing in chunks.

https://www.nytimes.com/2024/06/04/business/china-internet-censorship.html

Just like in 1984, if you can't read about it... It didn't happen.

Those who control the present, control the past and those who control the past control the future.

#china #gfc

2022: #JohnNaughton lays out the well-known propertarian and Hayekian side of crypto evangelism, then this intriguing observation;

"Lots of people will point out that the Satoshi memo, which released the idea for blockchain, more or less coincides with the fall of Lehman Brothers, and... [that] being a token for the corrupt, uncontrollable nature of financial capitalism and it's untrustworthiness."

https://shows.acast.com/talkingpolitics/episodes/the-next-big-thing

#podcasts #Talking Points #BlockChains #Satoshi #GFC #LehmanBrothers

In finance, an inverted yield curve is when interest rates on short-term debt instruments rise above the interest rates of longer-term debt instruments of similar creditworthiness. In other words, this is an unusual situation in which, all else being equal, shorter-term investments return more money than longer-term investments.

Historically, inverted yield curves on US treasuries have been reliable indicators of impending recessions or economic downturns, and more prolonged inversions generally correlate with more severe crashes, as this video by the Game of Trades investment channel demonstrates: https://www.youtube.com/watch?v=ELF_EivMCMI

(The last 30 seconds of this video are just ads for the channel's trading advice services.)

Our current situation in 2024 is that the yield curve has been inverted for 540 days, which is comparable to the durations of the inversions preceding the 1974 crash and the 2008 global financial meltdown (low 500s each) and second only to the 1929 market crash that kicked off the Great Depression (700).

The stock market is currently still going up, but keep in mind that the stock market went up for a long time after the 2008-era inversion as well: a record 657 days. If the market were to keep rallying for that length of time today, then the crash would begin this August.

2008 showed us that the average person will be angry and more ready to question capitalism itself when events like this happen. As Marxists, we must prepare to do widespread agitation, education, and organizing in its wake, spreading real knowledge about how to understand, resist, and fight back against capital.

#yieldcurve #ustreasury #federalreserve #invertedyieldcurve #recession #crash #financialcrash #financialmarket #economy #economics #news #politics #gfc #globalfinancialcrisis #2008 #greatdepression #depression #yieldinversion #capitalism #socialism #communism #socialist #communist #marxism #marxist #revolution #rev2030 #revolution2030 #tatertube #s4a #socialismforall

One measure of the #real rate, illustrated in the chart, is now higher than it was on the eve of the 2007-09 #recession #GFC - chart @economics https://www.bloomberg.com/news/articles/2024-01-30/us-consumer-confidence-climbs-to-highest-since-end-of-2021?cmpid=BBD013124_NEF&utm_medium=email&utm_source=newsletter&utm_term=240131&utm_campaign=nef

#Australia #economy has got smaller on a per capita basis – like it did in the #GFC and 1990s recession. So, you know, not good #ausbiz #ausecon

https://www.theguardian.com/business/grogonomics/2023/sep/07/australias-economy-has-got-smaller-on-a-per-capita-basis-like-it-did-in-the-gfc-and-1990s-recession-so-you-know-not-good

@RickiTarr @saharafang
The moneyPrinter enables the worst fascism. Are you not aware of the #GFC? Bankers should have gone to prison.

Tillony is #theftOnTheGrandestOfScales, it steals labour, and #soundMoney is what was intended to prevent #tillony. Central bank proponents conspired to create #TheFed, and the world has persistently moved to #fascism ever since. Yes #goldMining is bad, but now we have #bitcoin.

Bitcoin finally enables #LimitsToGrowth. Limits to corporate greed.