Global financial system may be heading for another 2008 By Nick Beams

2 November 2013 — WSWS

This week’s decision by the US Federal Reserve to continue its $85 billion per month cash handout to the banks and finance houses, in the form of purchases of treasury bonds and mortgage-backed securities, and the likelihood that the policy will continue well into the new year, can only heighten concerns that the global financial system is heading for another crash, possibly on a scale bigger than 2008.

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Ignored Reality Is Going To Wipe Out the Human Race By Paul Craig Roberts

29 October 2013 – PrisonPlanet.com

 

To inform people is hard slugging. Everything is lined up against the public being informed, or the policymakers for that matter. News is contaminated by its service to special interests and hidden agendas. Many scientists or their employers are dependent on federal money. Even psychologists and anthropologists were roped into the government’s torture and occupation programs. Economists tell lies for corporations and Wall Street. Plant and soil scientists tell lies for agribusiness and Monsanto. Truth tellers are slandered and persecuted. However, persistence can eventually win out. In the long-run, truth sometimes emerges. But not always. And not always in time.

Ignored Reality Is Going To Wipe Out the Human Race 291013wall

Image: Wikimedia Commons.

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Week in Review: Preemptive Wars and Ponzi Schemes

14 April 2013 —  Global Research News

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Venezuelans Vote: Presidential Elections. Maduro vs. CaprilesBy Stephen Lendman, April 14, 2013

 On Sunday, April 14, PSUV’s Nicolas Maduro (United Socialist Party of Venezuela) faces opposition Rountable of Democratic Unity (MUD) candidate Henrique Capriles Radonski.Most Venezuelans deplore him. They do so for good reason. He represents oligarch power, ties to Washington, and… Continue reading this...

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...

New at Strategic Culture Foundation 20-26 January 2013: FED / Arab Winter / Egypt / Bolivia / Syria / Africa / Mali

26 January 2013Strategic 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...

The Delicious Irony of Morris Greenberg’s AIG Suit Against the US Treasury By Michael Hudson

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.

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New at SCF – 30 September – 6 October 2012: Drug Wars / Syria/Turkey / Jordan / US / UN / Iran-N. Korea

6 October 2012Strategic 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…

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