Author Archives: Yves Smith

Announcing the Dynamic Duo “Double Your Donations” Challenge!

Two generous readers are making a fundaiser challenge! Be fast off your marks to take it up.

Gorbachev Paved Way for Oligarchs – Aleksandr Buzgalin

By opposing deep democratic reforms from below, Gorbachev laid the groundwork for privatization and the looting of the 1990s.

Chokepoint Capitalism Strangles Us All

Capitalism works in insidiuous ways.

In Response to Court Order, Kentucky Retirement Systems Releases 2,256 Page, Yet Incomplete, Investigation into Hedge Fund Shenanigans

Kentucky Retirement Systems is still in the whitewash business.

Hooray! Met Our Second Target Handily! On to the Third: Continuing Expanded News Coverage and Maybe Meetups

Please suppprt your daily news fix, most importantly all our juicy daily links!

The US Army Special Operations Command Weaponizes Twitter, Facebook, Instagram, Whatsapp, Telegram

Since the Army gets very little bang for its buck, presumably by design, why should its social media campaigns be any better?

Links 9/7/2022

Michael Hudson: Naked Capitalism – Your and My Informational Necessity

Four reasons why Naked Capitalism is indispensable.

“Lehman Event” Looms For Europe As Energy Companies Face $1.5 Trillion in Margin Calls

Why energy price spikes are threatening the financial system. And any derivatives bailout will take prescedence over businesses and housholds.

Please, Vote for Somebody in the CalPERS Board Election. Your Money Is at Stake.

If you are a CalPERS retiree, please be sure to vote in the board election now underway. You deserve to be properly represented.

1980s Redux? Developing Countries See New Context, Old Threats

s rich countries raise interest rates, developing countries face slowdowns, inflation, higher interest rates, more costs and debt distress.

Links 9/6/2022

Europe’s Economic Controlled Flight Into Terrain

More on Europe’s economic suicide.

Wow! Met First Goal Pronto. On to the Second: Supporting the Commentariat

Thanks for getting the fundraiser off to such a good start! We are already on to our second target, investing in the commentatriat.

Peace Talks Essential as War Rages on in Ukraine

Peace in Ukraine is a worthy aim. But the West can’t bring itself to offer what Russia might accept.