Daily Archives: June 11, 2020


FED’s $10 Trillion Defends Assets of the Rich – Michael Hudson

Okay, here is the real OMG post for this decade. Of course Michael Hudson has been saying this for years, but Paul Jay gave him an interview where Hudson could explain this all in terms that financially astute people can understand. The future does not look bright if either Trump or Biden gets elected.,

FED’s $10 Trillion Defends Assets of the Rich – Michael Hudson. This is the kind of interview that has been missing from the public discourse since The Real News Network staged a coup to get rid of its founder, Paul Jay.


Sacrificing Workers Lives is Back to Work Plan – Paul Jay

This is a wonderful explanation of so much, and it is only 27 minutes long. Sacrificing Workers Lives is Back to Work Plan – Paul Jay.

Here is a half hour interview that adds a lot of context to what the Movement for a People’s Party should be fighting for. There is a lot to be learned from some of the details – where Paul Jay is living now, community control of police, the place of worker co-ops, etc.


Bill Black: Cities Face Catastrophe; Finance a Cancer on Real Economy

theAnalysis.news has the article Bill Black: Cities Face Catastrophe; Finance a Cancer on Real Economy.

As part of its management of the current economic crisis, the Federal Reserve will spend approximately 750 billion dollars to prop up the corporate bond market. It’s also buying junk bonds, exchange traded funds and even directly buying into the stock market.

Who’s managing all this for the Fed? BlackRock, of course, the massive asset manager to know more about the extent of BlackRock power and the tremendous concentration of ownership that’s taken place, read my article on the Analysis.news site titled, Three Investment Banks Control More Wealth than the GDP of China, and Threaten our Existence.

None of this is in the center of popular discussion. This is going to be the biggest disaster we have seen in hundreds of years. Long after this people will wonder why we couldn’t have seen this coming. The answer is that we don’t want to hear about this or see it. It is too horrible to contemplate. There are things we can do to prevent this disaster, but it is easier to pretend it isn’t going to happen.

By the way, I am glad to see that Paul Jay is back at it after the coup at The Real News Network. Paul Jay took with him the Real out of the Real News Network when they threw him out.

Along with the above article there is a podcast Paul Jay on Law and Disorder. This concerns the deeper issues behind out current problems.

This embedded recording stops at a little over 18 minutes.

This link goes out to about 22 minutes, but neither of them are the whole interview.

The whole 27 minute interview is in the article Sacrificing Workers Lives is Back to Work Plan – Paul Jay