banks
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Enron 2.0: Wall Street Manipulates Energy Prices … and Every Other Market
The U.S. Federal Energy Regulatory Commission says that JP Morgan has massively manipulated energy markets in California and the Midwest, obtaining tens of millions of dollars in overpayments from grid operators between September 2010 and June 2011. Continue reading
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Big Banks Started Laundering Massive Sums of Drug Money In the 1980s … And Are Still Doing It Today
For More Than 30 Years, the Big Banks Have Been Key Players In the Drug Trade. It has become mainstream news that at least some of the big banks are laundering staggering sums of drug money. But you may not know the scope or history of the problem. Continue reading
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Obama’s TPP Negotiators Received Huge Bonuses from Big Banks
A controversial trade deal being touted by the White House is expected to give American corporations broad new authority if approved. Now according to newly released documents, big banks gave millions to the execs that are now orchestrating the agreement. Continue reading
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Video: Indebted citizenship – an interview with David Harvey in Teatro Valle
Austerity doesn’t make sense economically: but it does make sense as a politics of autocracy and the securitized state. Europe should learn from China and Latin America, interviewed by Andrea Mura. (Video, 17 minutes). Continue reading
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The Entire Fiat Money System is Bankrupt: Demise of the Global US Fiat Dollar Reserve Currency By Matthias Chang
The events unraveling post Bernanke’s decision not to taper QE is most significant because it confirms our analysis that the banking crisis has not been resolved in any significant way after five years of money printing and massive asset inflation. The fiat money system has but one outcome – total collapse. It will also mean… Continue reading
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Banking Scandals as a Mirror to the Struggle for World Domination (II) By Valentin KATASONOV
It is interesting that until recently, all the major initiatives to investigate the illegal and criminal activities of banks came from Washington. A certain amount of activity has also been witnessed in London, which (oh, the horror!) has started to prosecute Rothschild banks. Some experts are seeing this kind of “unpatriotic” position from the British… Continue reading
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The European Union and Greece: the Murder of a Nation By Anna FILIMONOVA
At the end of July, eurozone deputy finance ministers approved another transfer of money to Greece to the tune of EUR 6.8 billion (it had previously been thought that Athens would be allocated EUR 8.1 billion). Several days earlier, meanwhile, the Greek parliament approved the latest in a series of legislative acts, the adoption of… Continue reading
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China – Avoid the West’s Debt Overhead: A Land Tax is needed to hold down Housing Prices By Michael Hudson
How can China avoid the “Western financial disease” – a real estate bubble followed by defaults and foreclosures? The U.S. and European economies originally sought to avoid this fate by taxing the location’s site value. A rent tax was the focus of Progressive Era reforms. Continue reading
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Alter-Summit in Athens: A pseudo-left response to growing social opposition in Europe By Christoph Dreier
Last weekend, approximately 200 European trade unions, political NGOs (non-governmental organizations), charity groups, and feminist, environmentalist and pseudo-left groupings organized a so-called Alter-Summit in Athens. The meeting endorsed the institutions of the European Union (EU), with which union bureaucracies have worked closely in negotiating and approving austerity policies since the outbreak of the European debt… Continue reading
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Sequesters To Trim Government Debt; Malls Raise Consumer Debt for The “Sheeple” By Danny Schechter
Durban, South Africa: Back in 2002, South Africa hosted a UN environmental Summit on sustainability. It drew a rag tag army of green activists from all over the world, many excited to visit the now free South Africa that they fought for through the apartheid years, and hoping to meet members of the liberation movement… Continue reading
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The Wrong Economic Prescriptions: Deeper Austerity as a “Solution” to Austerity By Kevin Zeese and Margaret Flowers
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… Continue reading
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CISPA’s back: Hacking, online espionage resurrect cybersecurity bill
The Cyber Intelligence Sharing and Protection act (CISPA) will be reintroduced before the US House next week following a spate of cyber espionage and hacking attacks. Civil liberties advocates have criticized the bill for violating privacy laws. Continue reading
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Al-Nusra Mass Executions of Abducted Citizens in Aleppo: Syria Calls on UN Security Council
Foreign and Expatriates Ministry on Wednesday sent two identical letters to President of The UN security Council and UN Secretary General on the mass execution perpetrated by terrorist groups of “Jabhat al-Nusra” against tens of abducted citizens in Aleppo on Tuesday and throwing their bodies in Qweiq river in Bustan al-Qasr neighborhood. Continue reading
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Britain: £5,200,000,000 will be robbed from you today
31 January 2013 — Morning Star Online by Rory MacKinnon Corporate Affairs Reporter Britain will be robbed of £5.2 billion today as an army of accountants file fiddled tax returns for the rich. Continue reading
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Why Do Poor People Living in an Abandoned Skyscraper So Outrage the New Yorker? By Jim Naureckas
His latest piece for the New Yorker, “Slumlord: What Has Hugo Chavez Wrought in Venezuela?” (1/28/13–subscription required), reads almost like a parody of corporate media coverage of an official enemy state. Continue reading
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The Age of the Siege: Sanctions Are An Act Of War by Felicity Arbuthnot
The siege of Leningrad is still considered the most lethal siege in world history, a shocking “racially motivated starvation policy”, described as: “an integral part of Nazi policy in the Soviet Union during World War 11.” Sieges now extend to entire countries, they have become the torture before the destruction. And they are not counted… Continue reading
The New Dark Age 