Time Magazine’s Justin Fox: “Some Financial Market Conspiracies Are Real” | zero hedge

If you’ve swallowed the blue pill, this article will be too strong:

Tyler Durden at Zero Hedge blew the whistle on Goldman’s high-frequency trading and other frontrunning activities, and has also been called a conspiracy theorist.

PhD economist, former Assistant Secretary of the Treasury, and former Wall Street Journal editor Paul Craig Roberts says that the government and mainstream media are lying to the American public about how bad the economic situation really is.

PhD economist Dean Baker said in February that the true purpose of the bank rescues is “a massive redistribution of wealth to the bank shareholders and their top executives”.

PhD economist Michael Hudson says that the financial “parasites” have killed the American economy, and they are “sucking as much money out” as they can before “jumping ship”.

PhD economist Michel Chossudovsky says that the giant banks which received the most bailout money also finance a portion of the government’s debt, and are exercising their power as creditors to buy public assets for a song and to impose IMF-style austerity measures on the U.S. government.

If you want to understand so you can make a way for you and your loved ones read this.

When, Oh When, Will HELP Be WANTED? | NYTimes.com

by Louis Uchitelle

Question: Where is the recovery coming from? This article adds some fresh perspective.

“But this time is clearly different. The pent-up demand is not present — not with 6.46 million jobs gone in just 18 months and hundreds of billions of dollars in wages extinguished. Credit is harder than ever to get for those who might want to spend again, and there are fewer and fewer spenders. People who do have jobs are saving (not spending) more of their incomes than they have in years, trying to replenish wealth lost in the stock market and in the declining value of their homes.”

Read Article: When, Oh When, Will HELP Be WANTED? – NYTimes.com.