photo credit: Search Engine People Blog Renegade Economist Podcast 96 As broadcast on the mighty www.3cr.org.au – Wednesday July 1st. Subscribe to the podcast Show Notes: Grand Theft Monopoly – Professor Michael Hudson excels in describing globalisation from a financial snipers perspective, analysing how real estate (land) is used in the game of currency siphoning [...]

Ross Gittins comments in Our Tax system should be different that the Swan Tax and Transfer review compares Australia’s tax take with OECD averages in an insecure light. Our company tax level is the eighth highest in the OECD and property taxes are 9% rather than the 6% average. Lobbying forces are lining up to [...]

A home bought for $110,000 in Flint, Michigan (2005) was recently foreclosed and can’t be sold for even $5,000. In an ominous sign of financial troubles; Fannie Mae acquired twice as many homes through foreclosure in the first quarter as it sold, regulatory filings show. The oversupply of homes is now coming home to hurt [...]