debt
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Video: Africa Lost 1.6 Trillion in Capital Flight and Odious Debt Over Forty Years
Leonce Ndikumana: $619 billion of embezzled capital flight from North Africa with connivance of big banks according to new research (inc. transcript) Continue reading
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Video: Radical Interpretations of the Present Crisis, NYC, 11.14.12
The present moment is arguably one of unprecedented confusion on the Left. The emergence of many new theoretical perspectives on Marxism, anarchism, and the left generally seem rather than signs of a newfound vitality, the intellectual reflux of its final disintegration in history. As for the politics that still bothers to describe itself as leftist… Continue reading
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A bailout of the people by the people?
Rolling Jubilee is a Strike Debt project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. Together we can liberate debtors at random through a campaign of mutual support, good will, and collective refusal. Debt resistance is just the beginning. Join us as we imagine and create a new… Continue reading
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Video: Austerity and Low Wages will Lead to Years of Recession
Engelbert Stockhammer: Europe has shown that cuts in public spending and lowering wages leads to deep stagnation Continue reading
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New at Strategic Culture Foundation 21-27 Oct. 2012: Bolivia-USA / Oil-Uranium / USA / Nobel Prize / EU / China / Nicaragua
27 October 2012 — Strategic Culture Foundation Bolivian President Bluntly Describes US Diplomacy 27.10.2012 | 00:00 | Nil NIKANDROV Bolivian leader Evo Morales tends to speak in a carefully chosen language, in part as a precaution natural for someone who is permanently under fire from his opponents. It long became a staple of the US propaganda Continue reading
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Video: Most Greeks Look to Left for Solutions, but Far Right Gaining Strength
Costas Lapavitsas Pt.2: Left party Syriza leads polls but conditions for fascism also developing as crisis deepens Continue reading
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Video: "Global Noise" Protests Against Austerity and Debt Spread Worldwide
ON SATURDAY OCTOBER 13TH, DEMONSTRATIONS TOOK PLACE ACROSS THE WORLD TO MARK THE GLOBAL NOISE DAY OF ACTION TARGETING ECONOMIC ELITES ACTIVISTS SAY ARE RESPONSIBLE FOR INCREASING DEBT AND AUSTERITY MEASURES. PROTESTS WERE HELD IN CHICAGO, ILLINOIS, LONDON, ENGLAND AMSTERDAM, NETHERLANDS MEXICO CITY, MEXICO MADRID, SPAIN AND OTHER CITIES. Continue reading
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London: Parasites’ Paradise (Or the Best Criminal Sanctuary Money Can Buy) By Prof. James Petras
Whenever financial swindlers prosper at the expense of investors or bank jiggers interest rates to bugger their competitors or tax evaders flee fiscal crises or rent gouging petrol monarchies recycle profits or oligarchs pillage economies and drive millions to drink, drugs and destitution they find a suitable secure sanctuary in London. Continue reading
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EU Crisis: A pact of two parasites
The European Union took another step along the road to a capitalist united states of Europe at the eurozone summit in the early hours of yesterday morning. Continue reading
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A different kind of Europe By Trevor Evans
The growth of private international financial institutions since the 1970s has seriously curtailed the ability of national governments to exercise democratic control over economic policy. This was vividly demonstrated early in the 1980s, when capital flight forced the French government to abandon its programme of progressive economic reforms. Since then, finance has become much stronger,… Continue reading
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Europe’s Economic Crisis: Portugal, Ireland, Spain, Italy and Belgium are Heading in the Same Direction as Greece by Bob Chapman
It isn’t over until it is over. Of course, we are referring to Europe and its version of 1984. We find it profound that the bankers, politicians and bureaucrats of Europe can do what they have done with a straight face. Investor had a haircut shoved down their throats and the ECB, the European Central… Continue reading
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The New Mediterranean Oil & Gas Bonanza: Part II By William Engdahl
The discovery in late 2010 of the huge natural gas bonanza off Israel’s Mediterranean shores triggered other neighboring countries to look more closely at their own waters. The results revealed that the entire eastern Mediterranean is swimming in huge untapped oil and gas reserves. That discovery is having enormous political, geopolitical as well as economic… Continue reading
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Information Clearing House Newsletter 23 February 2012: Iran Will Never Seek Nuclear Weapons: Leader
23 February 2012 — Information Clearing House Stop the Machine!!!!! This Is A Must Watch Short Video A brief and crucial history of the United States. http://www.informationclearinghouse.info/article30620.htm Continue reading
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Ellen Brown: How Greece Could Take Down Wall Street
CDS are a form of derivative taken out by investors as insurance against default. According to the Comptroller of the Currency, nearly 95% of the banking industry’s total exposure to derivatives contracts is held by the nation’s five largest banks: JPMorgan Chase, Citigroup, Bank of America, HSBC, and Goldman Sachs. The CDS market is unregulated,… Continue reading
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Information Clearing House Newsletter 18 February 2012: Millions of Christians Want to Start WWIII
18 February 2012 — Information Clearing House Another March to War? By Matt Taibbi You can just feel it: many of the same newspapers and TV stations we saw leading the charge in the Bush years have gone back to the attic and are dusting off their war pom-poms. http://www.informationclearinghouse.info/article30576.htm Continue reading
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Video: The Greek Experiment By Michael Hudson
Michael Hudson: Greek crisis used to find out how far finance can drive down wages and privatize Continue reading
The New Dark Age 