Junious Ricardo Stanton's Page

From The Ramparts
Junious Ricardo Stanton
Don’t be Fooled We’re In A Depression

“Ok, so where is the US economy REALLY at right now? Year over year real employment, real industrial orders, real housing starts, and real retail sales are all posting their largest drops since the production shutdown following WWII. Put another way, the last time the US economy fell this hard this fast, we were intentionally shutting down the monster than was the US war machine in WWII. This is no… Continue

From The Ramparts
Junious Ricardo Stanton
They’re Still At It

“Analysts who have examined the quarterly profits and government tests say that accounting rule changes and rosy assumptions are making the institutions look healthier than they are. The government probably wants to win time for the banks, keeping them alive as they struggle to earn their way out of the mess, says economist Joseph Stiglitz of Columbia University in New York. The danger is that weak banks will remain… Continue

From The Ramparts
Junious Ricardo Stanton
US Bank Failure Update

“However, don't worry about losing the money in your checking account if your bank goes under. Congress has already approved a $500 billion line of credit to the FDIC. Without a doubt, that line of credit is going to have to be tapped. This does emphasize the insanity of having the FDIC provide the guarantees for the PPIP [Public-Private Investment Program]. The fund simply does not have the resources available to… Continue

From The Ramparts
Junious Ricardo Stanton
Beware Attempt to Loot Social Security

“Defending Social Security sounds like yesterday's issue--the fight people won when they defeated George W. Bush's attempt to privatize the system in 2005. But the financial establishment has pushed it back on the table, claiming that the current crisis requires ‘responsible’ leaders to take action. Will Obama take the bait? Surely not. The new president has been clear and consistent about Social… Continue

From the Ramparts
Junious Ricardo Stanton
What Would Malcolm Say About Barack Obama?

“You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it.” Malcolm X

Once Malcolm Little, a.k.a. “Detroit Red”, “ Red” and Satan joined the Nation of Islam and became Malcolm X, he experienced an ongoing personal transformation and growth that continued until his murder in 1965. During his sojourn within the NIO Malcolm’s hard w… Continue