Articles by Danny Schechter








My efforts to promote my new film PLUNDER are underway with a little help from our Globalvision team and the good folks at Disinformation, who have managed to get it on iTunes…





It’s the number one book in the country. Every day, Michael Lewis’s The Big Short: Inside the Doomsday Machine is getting B I G G E R, no doubt because he is so mediagenic, conversational and likes to laugh with the hosts who interview him about his findings.

On Sunday, he laughed with Steve Kroft on 60 Minutes when the two bantered on about how about stupid it all was and why so many smart people drank the Kool Aid. The story he tells has no hard edges really…it’s about “delusion,” Wall Street deluding us all and then each other.

The idea of delusions feeds a psychological and cultural analysis of bankers cut off from the world, focused on their own pocket books and believing their own hype. It is in this sense Shakespearian—the stuff of drama, not calculation. What a web we weave when first we practice to deceive, to quote Sir Walter Scott.

At one point in the 60 Minutes two part interview purporting to explain the collapse, Lewis drifts off message and calls it all, an “elegant theft.”…


Foreclosures Are Rising And Not Just Homeowners Are Affected: A Haitian Family Loses Island Home In Earthquake, NY Home in “Bankquake” The financial crisis started as a housing bubble with the financial…


plunder_art_dvdWhat will it take? What are they waiting for? What part of the reality of a systemic crisis that will get worse don’t they get?

How is it possible that after near three years of economic turmoil, with possibly hundreds of TRILLIONs down the rabbit hole — not that anyone is counting or apparently can count — that the geniuses who run our economy still don’t “get” that the sh*t has already hit the fan? How many more jobs and homes have to be lost?

Michael Moore is not the only one predicting a second crash. Paul Krugman is all out words excoriating the Administration for its tepidness. Nouriel Roubini, who forecast the first meltdown, now says we are in serious danger of a “double-dip,” a lethal combo of rising inflation and deeper recession.

Woe to us if we can’t see the handwriting on so many walls.

The people in the know know that nothing has been fixed, know that all the stimuli have barely stimulated, that the new jobs bill will never generate the number of jobs that are needed, and that the banks have obscenely been raking in oodles of money thanks to all the financing taxpayers pumped into their coffers.

Even as the Obamaites finally get around to proposing a measure to break up the big banks and erode the notion of financial institutions being too big to fail, we have the New York Times telling us that Congress does not have the “appetite” — that’s the word they use — to tackle even modest financial reforms.


DEADLINE COMING

All of us become weary of the incessant pleas for funding. However, I am sick and tired of being “sick and tired” of the Banksters, the funding of their casinos, the ever increasing subjugation to the banks and Wall Street.

How about you?

Today, and today only, you can help us finish the film PLUNDER, the story of the financial crisis as a crime story but you have to do it by 5 PM EST TODAY (Jan. 20, 2010). You can be a part of this film for as little as $1.00. [Back This Project]

FAQs:

How do I make a pledge?

First, enter your pledge amount and select a reward. On the next page we’ll ask you to log in or sign up with Kickstarter.com, and then we’ll send you to Amazon Payments to complete your pledge with a major credit card.