Multivariate analysis indicates that economic elites and organised groups representing business interests have substantial independent impacts on US government policy, while average citizens and mass-based interest groups have little or no independent influence.
All of these loans were against fictitious mortgages, mortgages that pretended that there was value there, but there were mortgages mainly to Black and Hispanic borrowers by banks who cheated them, who over-evaluated the prices. The banks in general discovered a new way of making money after about 2004. They could make money by charging racial minorities much higher rates, almost double the rates that they charged white people. There were whole banks and brokers that specialized in this, and this was basically the junk mortgage group. Countrywide, Financial was the most obvious beneficiary of this.
There were a number of notorious banks that ended up being merged. Bank of America was one of the crooked banks. Citibank was one of the most crooked banks, as has been very well documented. Randal Wray at the Levy Institute and Kansas City published a big explanation of who were these $29 trillion, $27 trillion of loans for. It ended up many of these loans were rolled over and reloaned, so the net amount was not $27 trillion, but that’s how much was given to the banks with this huge jump. Instead of sending the bankers to jail, they made them billionaires. They rewarded them. That was the Obama policy, and that is what makes them one of the most viciously racist presidents in modern American history.
All of whom are genocidal zionazis who can never go against the US gov’s imperialist interests.
The only US president who tried to do something half-decent, JFK, for wanting to abolish the CIA and giving an anti-imperialist speech titled “Imperialism: the Enemy of Freedom” to seemingly curtail the US’s invasions in foreign countries, made himself an enemy of both the political parties, and was thus assassinated by the CIA.
Political systems in the imperial core, specially in the US, only exist to protect capital and imperialism, while giving a thin veneer of “democracy”.
Btw, Putin has an approval rating of over 75% in Russia. Russia is much more of an actual liberal “democracy” than the US, where Trump won despite getting less votes.
Just curious what do you think of the invasion of Ukraine?
Btw, the USA is a flawed democracy but it’s still a democracy compared to Russia and most of the countries you mentioned.
Also from your link to that weird wiki, why is Greenland not “the global north” when it’s owned by Denmark?
Is that why we only have a choice between two rich geriatric whitte men
You obviously have a flawed system but you still have a choice compared to those countries.
And they are not only white men.
This year one of them is orange. Earlier, one of them was a women but you didn’t want to vote for her. Why I don’t know.
Before that there was a black man.
As a bourgeois democracy we’ve never really much choice electorally.
Princeton University Study: US is an oligarchy, not a democracy
Michael Hudson on the 2008 Great Recession:
All of whom are genocidal zionazis who can never go against the US gov’s imperialist interests.
The only US president who tried to do something half-decent, JFK, for wanting to abolish the CIA and giving an anti-imperialist speech titled “Imperialism: the Enemy of Freedom” to seemingly curtail the US’s invasions in foreign countries, made himself an enemy of both the political parties, and was thus assassinated by the CIA.
Political systems in the imperial core, specially in the US, only exist to protect capital and imperialism, while giving a thin veneer of “democracy”.
Btw, Putin has an approval rating of over 75% in Russia. Russia is much more of an actual liberal “democracy” than the US, where Trump won despite getting less votes.
If he has such broad approval why do his political opponents keep dying? Why not have an actual election?