banks
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European Conference Against Austerity & Privatisation: European Conference Declaration
After a day of intensive debate, analysis and planning for cooperation and action, the Europe against Austerity Conference heard Coalition of Resistance Secretary Andrew Burgin propose the following Declaration, on behalf of the European Preparatory Committee. The Declaration was unanimously endorsed by the Conference which was attended by over 600 people Continue reading
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Occupy Wall Street Newslinks 30 September – 1 October 2011
1 October 2011 — — williambowles.info Mike Krieger on #OccupyWallStreet: “Rebellion Has Arrived In America” ampedstatus.org TodayEditor’s note: Mike has supported the occupation of Liberty Park since June. He was disappointed it was taking so long for his fellow NYCers to stand up. Now that we have, here’s Mike’s take on it: ‘I will be… Continue reading
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Labouring under an illusion By William Bowles
Allegedly attacking the institutions that the Labour government wholeheartedly embraced–principally the financial sector and their “fast buck” culture–Ed Miliband, leader of the Labour Party, which even more than Thatcher created the conditions for today’s economic meltdown, now expects us to forget thirteen years of neoliberal, imperial rule under the ‘party of labour’ with exhortations by… Continue reading
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In the belly of the beast By William Bowles
In case you hadn’t noticed, especially if you get your news from the MSM, there is the mother of all capitalist crises unfolding around us. A crisis that appears to be far deeper even than the Crash of ’29 and given the global nature of corporate capitalism, nobody (except the rich) can escape its awful… Continue reading
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Why Iceland Should Be in the News, But is Not By Deena Stryker
As one European country after another fails or risks failing, imperiling the Euro, with repercussions for the entire world, the last thing the powers that be want is for Iceland to become an example. Here’s why: Continue reading
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A road made by walking: Oscar Reyes reports from Spain on an ‘indignant’ movement that continues to spread and diversify
The day of action is one landmark in what many predictions suggest could be a ‘hot’ autumn. With the Eurozone crisis deepening, the ratings agencies on the offensive and Spanish public debt costing ever more to service (thanks to bond market speculation, amid moves to protect northern European banks at the expense of countries on… Continue reading
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EU bailout of Greece – “robbery and swindle” — RT
On the streets of Athens the voices of discontent are growing louder. From the next bailout installment the Greek politicians are eager to receive, the people will not get a penny, experts believe. Continue reading
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Is Greece another Lehman’s? By Raphie de Santos
As Ruling Class fight over another bailout, is Greece another Lehman’s – that’s the question that has been raised in the financial markets over the last few weeks by financial analysts and more mainstream commentators. Continue reading
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Wikileaks Newslinks for 14 February, 2011
14 February, 2011 — creative-i.info Feeling the pressure at WikiLeaks The Australian Former member of the Wikileaks group Daniel Domscheit-Berg, a critic of the leadership style of Julian Assange, has established a rival whistleblower… www.theaustralian.com.au/news/features/feeling-the-pressure-at-wikileaks/story-e6frg6z6-1226005379420 Continue reading
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Mummies and Dummies: Leave Or Stay, The Egyptian Crisis Will Only Get Deeper With No Quick Fix Likely By Danny Schechter
The tomb may be the appropriate metaphor not only for wannabe President for forever Hosni Mubarak but also for the 30 plus year neo-colonial economic system that he has presided over. Not surprisingly Frank Wisner Jr, the former U.S. Ambassador and son of a CIA dirty tricksters, wants the President to stick around –in the… Continue reading
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Inquiry Doesn’t Call Crisis Systemic Fraud
Michael Hudson: Financial Crisis Inquiry Report fails to call for criminal prosecutions against Wall Street Continue reading
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Prosecuting Wall Street Fraud: The US Economy is A Giant Ponzi Scheme By Washington’s Blog
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme. Continue reading
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The Beginning of the End of the American Empire By Tanya Cariina Hsu
It all began in the early part of the 20th century. In 1907, J.P. Morgan, a private New York banker, published a rumor that a competing unnamed large bank was about to fail. It was a false charge but customers nonetheless raced to their banks to withdraw their money, in case it was their bank.… Continue reading
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Thousands Protest Irish Nightmare Economy By Leo Panitch
Last weekend in Ireland, thousands of people demonstrated against austerity measures and against bearing the burden of the Irish crisis. Just how did the Irish miracle turn into the Irish nightmare? Paul Jay of The Real News Network recently interviewed Leo Panitch. Continue reading
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3rd Nov. 2010 – Cantona Revolution – Kill the banks!
Must watch video with Cantona advocating that all citizens withdraw their money from the banks on 7 December! Continue reading
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The Party Game Is Over. Stand And Fight By John Pilger
Born of the ‘never again’ spirit of 1945, social democracy in Britain has surrendered to an extreme political cult of money worship. This reached its apogee when £1 trillion of public money was handed unconditionally to corrupt banks by a Labour government whose leader, Gordon Brown, had previously described ‘financiers’ as the nation’s ‘great example’… Continue reading
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Yanis Varoufakis, “First as History, Then as Farce: The Euro Crisis Revisited”
When the Crash of 2008 hit Wall Street, European capitalism was thrown into disarray. With the demise of the export-absorbing monster that was the US consumer market, what in 2003 Joseph Halevi and I called ‘The Global Minotaur, Europe not only lost a critical source of aggregate demand but also discovered that its own banks… Continue reading
The New Dark Age 