9 March 2020 — Michael Roberts
How to grease the aching wheels of a sickening world capitalist economy? Let’s get fiscal is the universal cry of economists and policy makers. The COVID meltdown and impending global recession is forcing authorities to consider fiscal stimulus.
1 July 2019 — New Eastern Outlook
As of beginning July 2019 prospects look positive for a re-election of Donald Trump as President in November 2020. Headline stock market and GDP figures all look positive…at the present. The huge unanswered question is whether that can be sustained until the fateful elections. We see signs already that spell potential trouble for the Republicans.
5 May 2015 — Strategic Culture Foundation
The Bank of International Settlements (BIS) played an important role during the Second World War. It was created as an outpost of American interests in Europe and a link between Anglo-American and German businesses, a kind of offshore zone for cosmopolitan capital providing a shelter from political processes, wars, sanctions and other things. The Bank was created as a public commercial entity, it’s immunity from government interference and such things as taxes collection was guaranteed by international agreement signed in the Hague in 1930.
19 December 2013 — Occupy.com
“Following World War II, the U.S. dollar was adopted as the world’s reserve currency against the wishes of the pre-eminent economist John Maynard Keynes,” Joel Benjamin tells me, “cementing the economic and political power of the U.S. Federal Reserve.” Continue reading
1 November 2013 — Global Research
It’s been a while since I last wrote an article on the on-going financial crisis. I don’t write for the sake of writing, as others do because they have to do so, on account of their subscribers who pay hefty subscription fees and demand their money’s worth.
22 August 2013 — Vice Magazine
When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.
The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.
Continue reading
5 January 2012 — Strategic Culture Foundation
03.01.2013 | 00:00 | Olga SHEDROVA
The United States is the only state in the world destitute of the right to issue its own currency. The role of central bank is carried out by the Federal Reserve System – a joint stock company created by 12 Federal Reserve Banks created in their turn by commercial banks on a territorial basis. The state has no money. Continue reading
8 December 2012 — Strategic Culture Foundation
08.12.2012 | 00:00 | Valentin KATASONOV
5 December 2012 — The Bullet • Socialist Project • E-Bulletin No. 739
The appointment of Mark Carney as next Governor of the Bank of England has been greeted with universal acclaim. In the House of Commons Ed Balls was quick to congratulate Chancellor George Osborne on his choice, and on the evening TV news both former Chancellor Alistair Darling and self-styled monetary maverick David Blanchflower were of the same opinion. Here was a giant of financial regulation, with a PhD in economics, ten years at Goldman Sachs, singlehandedly responsible for guiding Canada to the quickest post-2008 recovery among the G7 countries, and appointed in 2008 to chair the Financial Stability Board set up by the G20. So what’s not to like?
25 November, 2012 — The Real News Network
Michael Hudson: Fiscal cliff was manufactured to shift more of the burden of the crisis onto ordinary people (inc. transcript) Continue reading
16 February 2012 — Asia Times Online: Rights and regime change
Speaking Freely is an Asia Times Online feature that allows guest writers to have their say. Please click here if you are interested in contributing.
The dawn of twenty-first century has brought a new phenomenon in its wake, which unfortunately has been little questioned or debated: the right of the mightiest to regime change. Where earlier the pretext of communism’s displacement reigned, followed by orthodox theocracy, now is the age of supplanting assertive regimes, even though they may be progressive and their ouster may mean the power of the religious orthodoxy.
23 September 2011 — • The Bullet • Socialist Project E-Bulletin No. 547 – www.davidmcnally.org
While I was cursing the inane mainstream commentary on the global economy recently, I was reminded of a pivotal scene in the 1976 movie, All the President’s Men. As two young reporters investigate the burglary of Democratic Party offices in the Watergate Hotel, a disgruntled, high-ranking FBI agent, code-named Deep Throat, advises, “Follow the money. Always follow the money.”
11 June 2011 — Source: Amped Status
In this new video release, “as a first step,” Anonymous has called for public protests beginning on June 14th, continuing “until Federal Reserve Chairman Ben Bernanke steps down.” To make their case, they have presented a list of recent scandalous Federal Reserve actions.
Important Links
4 December, 2010 — Global Research
Excerpt from Tanya Cariina Hsu’s chapter.
The following text is a preview from Global Research Publishers’ recent book on the Global Economic Crisis.
Michel Chossudovsky and Andrew G. Marshall (editors)
“I sincerely believe… that banking establishments are more dangerous than standing armies.” – U.S. President Thomas Jefferson; Letter to John Taylor, May 1816
America is dying. It is self-destructing and bringing the rest of the world down with it.Often referred to as a sub-prime mortgage collapse, this obfuscates the real reason. By associating tangible useless failed mortgages, at least something ‘real’ can be blamed for the carnage. The banking industry renamed insurance betting guarantees as “credit default swaps” and risky gambling wagers were called “derivatives”. Financial managers and banking executives were selling the ultimate con to the entire world, akin to the snake-oil salesmen from the 18th century but this time in suits and ties. And by October 2008, it was a quadrillion-dollar (that’s 1 000 trillion dollar) industry that few could understand.[1] Propped up by false hope, America is now falling like a house of cards.
8 January, 2009 Global Research
Paulson’s Financial Bailout
It is becoming clear that the bailout measures of late 2008 may have consequences at least as grave for an open society as the response to 9/11 in 2001. Many members of Congress felt coerced into voting against their inclinations, and the normal procedures for orderly consideration of a bill were dispensed with.
The excuse for bypassing normal legislative procedures was the existence of an emergency. But one of the most reprehensible features of the legislation, that it allowed Treasury Secretary Henry Paulson to permit bailed-out institutions to use public money for exorbitant salaries and bonuses, was inserted by Paulson after the immediate crisis had passed.
17 September 2008
After the Soviet Union collapsed, Francis Fukuyama published his now utterly discredited book, ‘The End of History’, which told of a glorious future, a capitalist paradise, where we would all be rich, eventually, when the wealth unleashed by an unfettered capitalism would ‘trickle down’ to us in that best of all possible worlds, ‘free market’ capitalism, where the market would take care of everything.
The New Dark Age 