World Leaders Meet for Spring IMF, World Bank and G20 Meetings (tags)
World leaders, finance ministers, business groups, academics and development organizations attend the Spring IMF, World Bank and G20 meetings.
Self-fulfilling Prophecy (tags)
The orchestrators of this global coup must be credited with a certain sadistic brilliance. Their sleight of hand succeeded, perhaps even beyond expectations. However, any power aiming at totalization is destined to fail, and this applies also to the high priests of the Covid religion and the institutional puppets they have mobilized to roll out the psyop.
"The war in Ukraine is a war for the dollar" - part 2 of 3 (tags)
Moscow has really threatened the U.S. dollar on the international stage, and with it the entire U.S. economy behind it. Since Putin took office, well before 2021 and even before the anti-Russian coup in Ukraine in 2014, Russia, a leading energy power, has begun the process of liquidating U.S. dollar-denominated bonds. Russia halved the number of U.S. bonds it held.
Blow up the banking system: A free account for all is possible (tags)
Harsh austerity policies for the vast majority of people and state socialism for bankers, both practiced at the same time in Europe and the U.S. after 2008 - this had two consequences for financialized capitalism of the past 14 years. First, this course poisoned the West's money.
Pause for Thought: Money without Value in a Rapidly Disintegrating World (tags)
The tanking economy is the cause of these “misfortunes”. What we are sold as external threats is in fact the ideological projection of the internal limit of capitalist modernity. In systemic terms, emergency addiction keeps the comatose body of capitalism artificially alive
Open Letter: Write off debt, win the future! (tags)
We are fortunate to have a creditor that does not have to fear losing its money: the ECB (European Central Bank). Our proposal is therefore very simple: let us conclude an agreement between the European states and the ECB. The ECB writes off the debt it holds (or converts it into perpetual interest-free debt).
Joe Biden and Kamala Harris are the new presidential team of the United States. In the weeks leading up to their inauguration on January 20, 2021, the incumbent who has been voted out of office puts many obstacles in their way. Donald Trump still sees himself as the winner of the election and tries to overturn the result.
Is the Financial Crash 2.0 Coming? (tags)
Market ideology has been on the advance since the 1980s. Only a few voices warned of the risks and instability of the liberalized financial markets. After they profited from the generous bailout packages, the banks began to speculate against the most indebted countries.
Capitalism Criticism 2.0 (tags)
"Capitalism contains crisis as rain clouds contain rain" (Jean Juares, 19th century socialist). Profits increase in the neoliberal model, not investment (Nicolas Krowall). The competitive pressure drives businessmen to reduce investments in labor and wages.
Economic Stagnation and its Mastery (tags)
Corporate profits explode while investments stagnate.Social housing declines with privatization. According to neoliberal theory, higher profits lead to grater investments and more jobs. In truth, higher profits lead to more use of tax havens and companies buying back their stock.
The President as Businessman (tags)
Trump's gigantic tax cuts will only benefit the rich. Revenue losses of six trillion dollars are expected for the first decade after the Trumpian tax cuts start. Trump sells the illusion that the old order can be restored.
61 Reasons To Vote Against Hillary Clinton (tags)
California's primary can change the world.
Hillary’s email revelation: France and US killed Qaddafi for his gold and oil (tags)
poster's note: Hillary's emails show 143 tons of gold held by Libya as well as oil were 2 of the factors along with others in the bombing of Libya
Can Keynes Rescue Europe from the Euro Crisis? (tags)
Keynes' theories and concepts were pushed back with the rise of neoliberalism in the 1980s. A complete change of course occurred when state spending cuts, lower wages and devaluations failed. The state spent money to create demand for products and services.
TTIP: Trifling Economic Advantages at the Cost of Democracy and the Public Interest (tags)
TTIP represents a crisis for democracy and the constitutional state. Richard Trumka of the AFL-CIO describes the TTIP as “secret tribunals” where only “foreign investors” can sue. Frank Bsirske of the German Verdi service union said the TTIP is a “black box” transferring sovereignty.
Hypocritical and Hippocratic Economic Policy in Europe (tags)
The crisis is multilayered-a bank crisis, a crisis of wealth distribution and a misallocation of capital between long-term real investments and virtual financial investments.. The frugal Schwabian housewife is not a suitable model.
oil
Market Euphoria: The Mother of All Ponzi Schemes (tags)
markets
Strengthening Sino-Russian Ties (tags)
business and finance
Book Review: "The Victory of Capital" (tags)
A society can only provide for the future by investing today in the production of tomorrow...What may be sensible economically for a private individual or individual business could be harmful for the national economy, particularly when the economy staggers.
Iranian Reality v. US/Israeli Lies (tags)
Iran
Addicted to Liquidity Injections (tags)
Bernanke's announcing of lower monthly printing of money was enough to make stock exchanges collapse in many threshold countries. The monetary policy of printing money and zero interest is caught in a vicious circle. Liquidity glut generates credit growth.
Cyprus Postmortems: Part II (tags)
class war
Another Side of Israel: The Impact of Tikkun Olam (tags)
A side of Israel we never hear about
class war
Cyprus
Chavez: A Personal Tribute (tags)
Chavez
Banks, Bankers and Banksters (tags)
An unrestrained speculative capitalism emerged out of investment capitalism. New financing instruments are invented. Risks are trivialized or glossed over to soothe the population. Boundless indebtedness becomes the norm. The new age led to immediate profit eclipsing investment.
Another Road for Europe (tags)
Europe is in crisis because it has been hijacked by neoliberalism and finance. Along the road to another Europe, visions of change, protest and alternatives have to be woven into a common framework. Finance should be prevented from destroying the economy.
Canada: Selling Its Soul to America (tags)
Canada
The state became indebted to bailout the banks. Now the state pays them ever higher interests. The state should guarantee the deposits of small savers, not the debts of banks to other banks or hedge funds. The financial sector must be shriveled, the sector that uncoupled.
Philippine government a "show-off" (tags)
MANILA, Philippines - The Philippine government’s decision to extend a US$1-billion loan to the International Monetary Fund (IMF) to supplement the Fund’s Financial Transaction Plan (FTP) of $456 billion to contain the economic crisis in Europe is an “arrogant pretension of a country very much in debt,” according to the Freedom from Debt Coalition (FDC).
Iran
They created the crisis and they offers now as the saviors. 2012 can not bring anything good having put wolves caring the hen house.
It's not the Federal Reserve, it's the system it serves (tags)
If the Fed were eliminated, the exact same powerful capitalist interests would be continue to bend government policy to their preferred outcome and would continue to exercise the same dominance over government, social institutions and the mass media. The only difference would be that the economy would become more unstable than it already is because there would be less ability on the part of government to dampen excesses. Why would that be good?
To give a credit to a customer, a bank doesn't need to take the savings of another cutomer from its vaults. It creates the money out of nothing. In a countermove, the bank must deposit money with the central bank. There is a debate whether the creation of money can be left to the banks.
How Goldman Sachs Rules the World (tags)
Hank Paulsen had famous examples: Robert Rubin, Treasury secretary under Bill Clinton, also changed from Goldman Sachs into politics. Europe and the US are firmly in the grip of Goldman Sachs.
Libya
Humala Wins Peru's Presidential Runoff (tags)
elections
Libya's Great Man-Made River (tags)
anti-war
responsible banking
Filipinos: LEST WE FORGET! (tags)
We seem to have forgotten that once upon a time, not too long ago, there was this family, the Marcoses, comprised of Ferdinand (now deceased), Imelda (still gallivanting and traipsing the light fantastic in Manila and occasionally, kung maka lusot, overseas), and 3 children, including Ferdinand "Bongbong" Jr who's now running, under Presidential candidate Manny Villar, in the SAME Senatorial slate as political activists (??) Liza Maza and Satur Ocampo.
CNN's cover-up of the corporate fraud of Globalization. (tags)
I am informing through Indymedia International, all the workers of the World that they themselves must build their own jobs. All institutions in America public or private are robbing the citizens. Each American must deal with the problem directly.
Chavez’s Lines: ¡¡Viva El Che!! (tags)
"As I write today Saturday, in the early hours of the morning I receive fresh news about the evolution of the crisis: “According to the International Labor Organization (ILO), the economic crisis pushed 61 million people into unemployment in 2009, and the world there are now 241 million unemployed workers, the largest number of unemployed persons in history.” (IAR Noticias) “It is expected that the number of poor people [in the U.S.], will grow to 90 million by 2010, while at least 59 million will join the ranks of the unemployed, as stated by the Central Bank president Robert Zoellick.” (IPS) There's nothing coincidental that Venezuela is one of four countries in the world that advanced four positions in terms of Human Development Index according to the United Nations Human Development Report 2009. And it is no coincidence that, according to the report, we are the country with the best distribution of income across Our America, that is, with the best rate, to use Bolivar’s term, of established and practiced equality."
Landlordism in the Philippines :Hacienda Luisita as large as Makati and Pasig Cities combi (tags)
Pesante NEws reported today through a special report to the Inquirer Daily in the Philippines on a research that Hacienda Luisita is a 6,000-hectare property in Tarlac straddling Tarlac City and the towns of Concepcion and La Paz. It is as large as the cities of Makati (2,986 hectares) and Pasig (3,100 hectares) combined. Hacienda Luisita was originally part of the landholdings of the Compañia General de Tabacos de Filipinas, or Tabacalera. The estate was named after Luisa, wife of Don Antonio Lopez, who headed Tabacalera when it acquired the estate in 1882. It is now owned by the Aquino Family. Senator Benigno "Noynoy" Aquino is running for president this coming elections.
Court Orders Fed to Disclose Emergency Bank Loans (tags)
Manhattan Chief U.S. District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument that loan records aren’t covered by the law because their disclosure would harm borrowers’ competitive positions.
Color Revolutions, Old and New (tags)
Imperial America's ugly agenda
America lets audit the fed who controls our money (tags)
We're almost there! HR 1207 (to Audit the Fed) has a whopping 207 co-sponsors. Can you believe we've made it this far? Here's the latest, and what you can do to push HR 1207 over the top:
The International Crisis WS almost Final Report (tags)
The solemnity of closure had the presence of governors of Parana, Roberto Requião, of Sao Paulo, Jose Serra, of Santa Catarina, Luiz Henrique da Silveira, and Senator Alvaro Dias, in addition to the speakers as teachers and economists as Carlos Lessa and Darc Costa.
The Federal Reserve: History of Lies, Thievery, and Deceit (tags)
Former Congressional Candidate, 6th District N.J. "I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt." Thomas Jefferson
Carlos Lessa proposes control of exchange rate for Brazil to overcome the crisis. (tags)
He says the biggest obstacle to Brazil overcome the crisis and get strengthened out of it is the Central Bank’s President Henrique Meirelles, formed by the Bank of Boston, and that will do nothing that would undermine the private banks.
Fed Defies Transparency On Bailout Monies: Refuses to Disclose (tags)
By Mark Pittman, Bob Ivry and Alison Fitzgerald Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
The Shortwave Report 10/10 Listen Globally! (tags)
A weekly 30 minute review of news and opinion, recorded from a shortwave radio. With times and freqs for listening at home. 2 files- broadcast and slow-modem streaming. Free to rebroadcast. China, Netherlands, Cuba, and Russia.
Reinventing the Evil Empire (tags)
The risk of serious confrontation looms.
War with Iran On, Off or Undecided? (tags)
Strong crosscurrents both ways.
Monetary Policy and Stagflation (tags)
50 countries already show double-digit rates; 42% of the world population is affected. Monetary policy reacts helplessly to stagflation. The financial bubble economy is an excess. When consumers finally spend the money they don't have, everything will be just fine.
The economy is not what they are saying!5 (tags)
"And another horror is that the stock market went up, which is Pretty Freaking Strange (PFS) since Barron’s reports that the earnings of the Dow Jones Industrials went down, dropping to $225.53 from $234.49. This has produced the unbelievable price-to-earnings ratio of 57! Earnings are going down, but the stocks are going up! To a P/E of 57! Un-freaking-believable!"
European Central Bank pumps $500 bn into banking system (tags)
TO SUCCEED over the global credit crunch in aftermath of sub-prime crisis, the European Central Bank (ECB) has announced to grant a record double loan to its banks. The ECB has decided to pump 348.6 billion euros ($501.5 billion) into the banking system through its banks. Though lending to banks at 4.21% rate of interest is available only for two weeks, it is expected that the grant will boost the diminishing confidence of the bank.
Venezuela: The referendum defeat - What does it mean? (tags)
At about 1am, after a long delay, the Venezuelan National Electoral Commission announced the results of the referendum on constitutional reform. The proposals for constitutional change were defeated by the narrowest of margins, with 4,504,354 votes against, (50.70%) and 4,379,392, (49.29%) for the YES. Soon afterwards, president Chávez was on the television accepting the results. He said that the proposed reforms had not been approved "for now", but that he would continue to struggle to build socialism. The result, as could be expected, was greeted with jubilation by the right wing opposition and all the reactionary forces. For the first time in almost a decade they have secured a victory. There were scenes of jubilation in the well-off middle class areas of Caracas. "At last we have shown that Chavez can be defeated! At last the slide towards communism has been stopped! At last we have given the rabble a lesson!" The joy of the reactionaries is both premature and exaggerated. A glance at the results shows that the voting strength of the opposition has barely increased. If you compare these results (after 88% of the votes had been counted) with the 2006 presidential elections, the opposition has only increased about 100,000 votes, but Chávez lost 2.8 million. These votes did not go to the opposition but rather to abstention. This means that support for the counter-revolution has not significantly increased from its highest point one year ago. How the bourgeoisie "informs" public opinion
Coup E'Etat Rumblings in Venezuela (tags)
The Bush administration aims to crush democracy in Venezuela.
America and Venezuela - Constitutional Worlds Apart (tags)
Real democracy in Venezuela compared to the fake kind here.
Stock Market Meltdown - First Signs of Global Economic Rout
The Search For The Authentic Pancho Villa (tags)
According to an Account by Woodrow Wilson's Liaison to Pancho Villa, in book about the Mexican Revolution that has been made to disappear, "Pancho Villa did not invade the U.S. at Columbus, New Mexico, on March 9, 1916, as is commonly believed" -- he was eight hundred miles away, in the mountains of Coahuila, at the time.
Brazil: Henrique Meirelles faces de tornado at CBB. (tags)
Lula prefers that Meirelles stays but syntonized with him. The PT prefers to see Meirelles out. In the absence of Palocci, he guaranteed the depressive growth of the economy in the the last four years.
Demcrat Agenda Omissions (tags)
Democrats in Congress again betraying the public trust.
BTL:Hugo Chavez Deepens Venezuela's Social and Economic Transformation (tags)
Interview with Steve Ellner, professor of economic history at the Universidad de Oriente in Venezuela, conducted by Between the Lines' Scott Harris
Major candidates in Mexican election offer no solution to the social crisis (tags)
On Sunday, July 2, Mexican voters will elect a new president and a new Congress. The election takes place under conditions of mounting class tensions, as hundreds of thousands of teachers, miners and other workers have taken to the streets. None of the major candidates in the presidential election genuinely addresses the needs of the masses for decent-paying jobs, improved living standards and social programs.
Brazilian government's decree allows increasing of foreign participation in the papers of (tags)
The Bank of Brazil will be a little less of Brazil, in the Stock exchange of São Paulo, thanks to plus an controversial decision of the petist government, totaly converted to the dogmas of international economic neolibertinism - same pathology that acomete the Toucans.
John Reed Stark UAE,SEC,Georgetown University Stock fraud Academic fraud Cyber fraud (tags)
Why does Securities Exchange Commission's John Reed Stark of internet enforcement not enforce ? Why have so many fraudulent internet websites proliferated under his reign of internet securities fraud and cyber fraud terror ? Is John Reed Stark aiding a sick psychological and stock fraud experiment as well as fraud upon investors by doing nothing to stop internet securities fraud and psychological abuse even using religion and death threats as well as fraudulent 'naked shorting' claims,etc. to promote stock fraud ? And the anonymous internet threats come from people he can and has identified already on the world wide web and on ragingbull and Yahoo and their extended websites and yet does nothing about it except to protect the criminals.John Reed Stark and other SEC officials are now responsible for allowing illegal pump and dump scams and probable money laundering with unaudited U.S. penny stocks in Dubai,UAE and for this reason alone should resign in mass or be convicted for this traitorous fraud against Americans.
rEVOLUCIOnARY tRANSITION dESIGNS (tags)
The following program will typically be required of the revolutions in the Andes and throughout Latin America (the pace of adaptation and implementation may vary somewhat) :
Inflationary Deflation or the Dominance of the Global Financial Markets (tags)
"When real interests are above real growth rates of the GDP, debtors are structurally overstrained. The debt crisis of the 1980s and the financial crises of the past decade suggest that a kind of post-modern `plundering capitalism' is arising.."
CIA - Faked Terror Machine. (tags)
CIA AGENT MICHAEL MEIRING BLEW HIS OWN LEGS OFF WHILE PLANTING A TERRORIST BOMB American Treasure Hunter Michael Meiring is nearly killed in a fiery explosion in his hotel room in the Philippines! Arrest warrents have been issued for him and California based partners after his escape to USA.
The Crash has Already Begun (tags)
"The crash has already begun! Every crash comes inthree steps, the stock market crash, the banking industry crash and finally the real crash, the collapse of the economy, businesses, jobs and the financial system.. The coming depression is the correction.."
Corporate news censorship on our top priority world issues, such as the bush demon wars, are our rights to be heard over the evil wicked lies excused, as not relevant, or of YOUR dying concern.
The best evidence to kill bush quickly (tags)
The evil is in plain sight, the danger only increases with denial
You know what is right, though you still may be blind, it's never too late to change your mind, we're all in agreement, in truth we rise, evil is just the deceived disguised
Looters Stole 6,000 Artifacts (tags)
The Glorious liberation of the Iraqi Oil Fields has resulted in the looting of a great treasure trove of knowledge. Of course the ignoratti supporting the Bush Junta don't get it. They are incapable of getting it.
America helps Iraq print "new" Saddam money (tags)
The likeness of Saddam is on the new money. "The Americans got rid of the old regime, so why are they printing the same currency?" Mudafar Mahdi, a businessman, asked Wednesday.
Workers Struggle's In Costa Rica (tags)
Costa Rica
The Wealth-Transfer Machine (tags)
If you want to know how the country is controlled you have to understand the basics of how it's done. How is done - by keeping you poor and manipulating the politicians through the use of money and debt. These are not trivial issues and require some work to understand. However, if you want to understand it is worth the effort.
The Will to Paralysis: The Crisis of Shareholder Capitalism (tags)
Scapegoats or black sheep are used to evade the crisis of the system. Considering matters more exactly would be very appropriate. Are manifestations of corruption and tax evasion normal side-effects of a system fixated on money?
revolution in bolivia!!!!! (tags)
revolution in boliva,government buildings occupied, a central bank building,demands read from terrace