Markets Stage One of Worst Christmas Eves Ever, Closing Down More Than 600 Points as Trump Blames Fed for Stock Losses in a Tweet

THE WASHINGTON POST: The Dow Jones industrial average followed its worst week in a decade with a 653-point drop Monday, and President Trump once again took to Twitter to interject himself into financial markets.

As blue chips sank even deeper into the red after weeks of chaos, Trump tried to assign sole blame for the sell-off to the Federal Reserve, likening the central bank to a golfer who “can’t putt.”

“The only problem our economy has is the Fed,” the president said in a tweet. “They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch — he can’t putt! » | Thomas Heath & Philip Rucker | Monday, December 24, 2018

My comment:

This must surely be what a 'stable genius' can do for the economy! We are all already so tired of winning! He warned us that we would be! »

German Amazon Workers Demand a Collective Contract

Every Christmas the German workers of Amazon attempt to strike and disrupt the company’s profits during the busiest time of the year. The management uses bonuses to tempt workers to break the strike.

Banker Says Another Recession Would Be Good for Business

"I don't look at a recession as a bad thing." - Jamie Dimon, the CEO of JP Morgan Chase (one of the big banks that crashed the economy 10 years ago).

Adresse à la Nation | Emmanuel Macron

La colère qui s'exprime aujourd'hui est juste à bien des égards. Elle peut être notre chance.

London Prime Property Hit by Steep Price Falls

Homebuyers in London’s most exclusive central postcodes are securing typical discounts of more than £350,000 off the asking price of properties as reductions reach their highest level in almost a decade.

The US Senate Has Left Us Vulnerable to the Big Bank Criminals

The Senate passed legislation that's gonna repeal protections that had been put in place with the Dodd Frank Act. Ring of Fire’s Mike Papantonio and Peter Mougey discuss this issue.

How Cash Is Becoming a Thing of the Past | DW Documentary

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers

Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. Bill Black talks about how US bankruptcy law is rigged to favor executives

ON CONTACT: A History of Neoliberalism

David Harvey, Distinguished Professor of anthropology and geography at City University of New York and author of "A Brief History of Neoliberalism" argues with Chris Hedges that Neoliberalism, the manta of the global corporate elites, has created the worst income inequality in American history.

Even for Local Taxes, the Rich Pay Far less Than the Poor

While much attention has been paid to Republican-backed tax cuts for the wealthiest, a new report reveals that even local levies take a greater share of income from the poor than the rich

SCOTUS Already Preparing To Deliver MAJOR Blow To Consumers

The now-solidly right wing US Supreme Court is on track to deliver some very serious blows to consumer protections and the rights of American citizens with court cases that have already been heard. These cases could severely alter the justice system in the United States and make it harder for consumers to hold corporate abusers accountable. Ring of Fire’s Mike Papantonio and Farron Cousins discuss this.

Robert Reich: Trump's 30 Biggest Broken Promises

Robert Reich lists Trump's broken campaign pledges.

'Shameful': What's Driving the Global Housing Crisis? | Talk to Al Jazeera

Peter Schiff: The Markets Are Going to Collapse Due to Fed Raising Rates

Euro Pacific Capital CEO Peter Schiff and Steven Quirk, executive vice president of TD Ameritrade’s trader group, on the Federal Reserve’s impact on the stock market and whether corporate earnings can help the market make a comeback.

Robert Reich: The Truth About Trump's Economy

Robert Reich explains why the myth of Trump's economic growth.

World Dumping US Debt & Hoarding Gold: De-dollarization Explained

In a special extended segment, Anya Parampil is joined by In Question producer Kei Pritsker, who explains why Russia, China, India, Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves.

Markets ‘Overdue for Correction’ – Richard Wolff

With markets in apparent decline, some analysts are worried that we are nearing market-correction or even full-scale recession. Economist Richard Wolff, founder of Democracy at Work, joins RT America’s Rick Sanchez to share his insights and expertise, arguing that Trump’s fiscal policies amount to “feathering his own nest” and will ultimately damage the economy.

Debt Bomb: Are We on the Brink of Another Global Financial Crisis?

This week marks a decade since the collapse of the US investment bank Lehman Brothers triggered the worst global financial crisis since the Great Depression. What became known as the Global Financial Crisis saw banks collapse and even whole countries teeter on the brink of insolvency. While much of the world fell into prolonged recession, Australia's economy narrowly avoided that fate - but 10 years on, many individual Australians are still paying the price. Now, there are new warnings from financial insiders that the global economy could be even more vulnerable to a repeat meltdown.

How Much Power Does Saudi Arabia Wield over the Global Economy? | Counting the Cost

Robert Reich: Trump's Brand Is Ayn Rand

Robert Reich explains why Ayn Rand's ideas have destroyed the common good.