20 April 2013 — Global Research
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The Wrong Economic Prescriptions: Deeper Austerity as a “Solution” to Austerity By Kevin Zeese and Margaret Flowers
21 February 2013 – Global Research
Leeches could also be used in bloodletting. The withdrawal of so much blood as to induce syncope (fainting) was considered beneficial, and many sessions would only end when the patient began to swoon.
As the economy shows signs of recession, the leeches return. Alan Simpson and Erskine Bowles have issued a new report calling for even deeper austerity. It is not what the economy needs as it stagnates and sputters toward a possible new collapse. Their report combined with President Obama’s State of the Union, the sequestration and Republican dogma are all combining to bring on another round of budget cuts, which will only make recession more likely. Continue reading this...
31 January 2013 – Information Clearing House
Syria Warns Israel of ‘Surprise’ Retaliation
By Al Jazeera
Syria has threatened to retaliate for an Israeli air attack while its ally Iran says there will be repercussions for Israel over the attack.
New at Strategic Culture Foundation 20-26 January 2013: FED / Arab Winter / Egypt / Bolivia / Syria / Africa / Mali
26 January 2013 — Strategic Culture Foundation
The Committee of 147
26.01.2013 | 00:00 | Valentin KATASONOV
In the article «What is behind the information attacks on the Federal Reserve System?» I have already written about the research group of scientists at the Swiss Federal Institute (SFI) in Zurich. Their study was published in mid-2011 and was described by the world media as the sensation of the year. Continue reading this...
12 January, 2013 — Michael Hudson
When the financial bubble burst in September 2008, U.S. and European governments responded by shifting bank losses onto their own balance sheets. The pretense is that real growth cannot resume until the banks and speculators are “made whole.” To cover the cost of bailing out the banks, governments now are trying to run budget surpluses. This adds fiscal deflation to the debt deflation left in the bubble’s wake, shrinking the economy at large. Governments are to raise taxes (or simply print new debt to swap for the financial sector’s bad loans and gambles) to reimburse financial institutions whose lending and outright gambling (not to mention the excursion into financial fraud) caused the crisis.
New at SCF – 30 September – 6 October 2012: Drug Wars / Syria/Turkey / Jordan / US / UN / Iran-N. Korea
6 October 2012 — Strategic Culture Foundation
Global Drug Mafia and the Banks. An Introduction to the Subject
06.10.2012 | 00:00 | Valentin KATASONOV
The truth to be kept in mind is that as of today the merger between the financial sector grands and the drug mafia in its classic forms – the cartels and syndicates – is an accomplished fact. No border exists any longer between global-scale banks and drug cartels and, consequently, between laundered and legally clean money – a lot of the funds believed to belong to the latter category actually fall within the former. The present alliance between banks and drug cartels is best described as the drug-banking mafia or the drug-banking business…The socioeconomic model currently materializing in the majority of the world’s countries can be interpreted as a hitherto unstudied brand of capitalism, namely, the drug-banking capitalism…
15 July 2012 — The Real News Network
Bill Black: The LIBOR fraud stole millions upon millions from American cities and people around the world (inc. transcript) Continue reading this...
4 January 2012 — SolidarityEconomy.net via Governing Magazine
Meet Occupy Wall Street’s Favorite Banker
Jan 4, 2012 – Try to find a bank president that’s beloved by supporters of the Occupy Wall Street movement. It’s not impossible. You’ll just have to travel to North Dakota.
19 December 2011 — williambowles.info
19 December 2011
Occupy London due at High Court
BBC News Today at 08:55
A four-day hearing begins at the High Court to remove the Occupy London campaigners camped outside St Paul’s Cathedral.
17 October 2011 — Global Research
Statement of Solidarity, Occupy Wall Street, Zucotti Park- by NYC General Assembly, Occupy Wall Street – 2011-10-16 Continue reading this...
7 October 2011 — Amped Status
This is not an official statement from the #OWS 99% Movement. As a decentralized leaderless movement, in our opinion, there is no one group, organization, website or individual who can speak for the movement as a whole. We, a working group of people currently occupying Liberty Park and many other locations throughout the US, are growing increasingly concerned about divide and conquer attempts being made to co-opt the movement. In the following message, we are issuing our first proposed statement. … Read More >>
6 August 2011 — The Wolf at the Door
Can’t trust that day, sang some group whose name escapes me– the advantage of growing older I guess. Anyway, now that Standard and Poor’s has pointed out that the standard for credit-worthiness is making almost everybody poorer, Monday should be a very interesting day.
23 February, 2011 — Global ResearchThe best-laid schemes o’ mice an’ men
Gang aft agley,
An’ lea’e us nought but grief an’ pain,
For promis’d joy! — Robert Burns, 1785
No matter how hard we try, no one can control the future, and we cannot assume the future will be like the present.
Woodrow Wilson signed the law that established the Federal Reserve. He later rightly lamented having done so. He writes, “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” Oh, how right he is, and oh, the mischief the FED has wrought! But establishing the FED must have seemed right to Wilson when he signed the law.
14 December, 2010 — Global Research
Paul Volcker is worried about the future of the dollar and for good reason. The Fed has initiated a program (Quantitative Easing) that presages an end to Bretton Woods 2 and replaces it with different system altogether. Naturally, that’s made trading partners pretty nervous. Despite the unfairness of the present system–where export-dependent countries recycle capital to US markets to sustain demand—most nations would rather stick with the “devil they know”, then venture into the unknown. But US allies weren’t consulted on the matter. The Fed unilaterally decided that the only way to fight deflation and high unemployment in the US, was by weakening the dollar and making US exports more competitive. Hence–QE2.
A TIME TO GIFT, OR A TIME TO GRIFT? IT’$ CHRISTMAS BONUS TIME FOR THE SWELLS ON WALL STREET By Danny Schechter
8 December, 2010 — Media Channel
Go, Wall Street, Go!
Never mind the rise in unemployment and foreclosures. Never mind the folks waiting to know if they will get the benefits they need before they are cut off. Never mind the growing gap between rich and poor, and the continuing spread of poverty.
(Did you know that inequality in the US is at the highest level of any industrialized country?)
Does any of this matter?
20 September, 2010 — Global Research
Trillions of “Toxic Waste” in the Global Banking System
The Global Too Big To Fail Banks are so precarious that literally anything can trigger a collapse in the coming months.
I have read recent commentaries on Basel III posted to various renowned websites and financial publication, but they missed (or deliberately misled) the underlying message of the proposals, the implementation of which will be delayed till 2017 and some till 2019.
Basel III is pure spin and its timing was to assuage the deep-seated fears that there are no solutions in sight to save the fiat money system and fractional reserve banking.
Global Collapse of the Fiat Money System: Too Big To Fail Global Banks Will Collapse Between Now and First Quarter 2011 When Quantitative Easing Has Run Its Course and Fails By Matthias Chang
Readers of my articles will recall that I have warned as far back as December 2006, that the global banks will collapse when the Financial Tsunami hits the global economy in 2007. And as they say, the rest is history.
Quantitative Easing (QE I) spearheaded by the Chairman of Federal Reserve, Ben Bernanke delayed the inevitable demise of the fiat shadow money banking system slightly over 18 months.
That is why in November of 2009, I was so confident to warn my readers that by the end of the first quarter of 2010 at the earliest or by the second quarter of 2010 at the latest, the global economy will go into a tailspin. The recent alarm that the US economy has slowed down and in the words of Bernanke “the recent pace of growth is less vigorous than we expected” has all but vindicated my analysis. He warned that the outlook is uncertain and the economy “remains vulnerable to unexpected developments”.
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