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Saudi war for Yemen oil pipeline is empowering al-Qaeda, IS
Saudi war for Yemen oil pipeline is empowering al-Qaeda, IS Secret cable and Dutch government official confirm that Saudi Arabia’s war on Yemen is partly motivated by an ambitious US-backed pipeline fantasy Nearly 3,000 civilians have been slaughtered and a million displaced in Saudi Arabia’s noble aerial bombardment of Yemen, which is backed by the […]
UK Blackout Risk – Amber Warning
UK Blackout Risk – Amber Warning In recent months, three companies have announced closure of 4 large coal-fired power stations in the UK representing a total loss of 6.671 GW base load capacity*. Combined with closure of 1 nuclear station and the pending closure of two CCGTs, total capacity loss in 2016 will amount to […]
We Know How This Ends, Part 2
We Know How This Ends, Part 2 In March 1969, while Buba was busy in the quicksand of its swaps and forward dollar interventions, Netherlands Bank (the Dutch central bank) had instructed commercial banks in Holland to pull back funds from the eurodollar market in order to bring up their liquidity positions which had dwindled […]
We Know How This Ends, Part 1
We Know How This Ends, Part 1 The finance ministers and representatives of central banks from the world’s ten largest “capitalist” economies gathered in Bonn, West Germany on November 20, 1968. The global financial system was then enthralled by a third major currency crisis of the past year or so and there was great angst […]
From grower to grocer: Building community food systems
From grower to grocer: Building community food systems Across the UK the food sovereignty movement is growing. A budding plethora of networks are challenging the current corporate control of the food system and sowing the seeds of structured community food chains and holistic food economies. What roles do these small food chains and alternative distribution networks play […]
Brave New World of Bank Bail-Ins As Of January 1st
Brave New World of Bank Bail-Ins As Of January 1st On January 1st, 2016, the new bail-in regime became law putting at risk the deposits of savers and companies in the EU. EU countries join the UK, the U.S., Canada, Australia and New Zealand in having plans for bail-ins in the event of banks and other […]
The Risks of the War on Cash
The Risks of the War on Cash “Quick and easy is winning the war.” On January 1st, Londoners woke up to a rather perplexing reality: all of the cashless Oyster card readers on the city’s buses, rail and tube stations had stopped working. With cash as good as banished from the London transport system, attendants […]
We’re All Terrorists Now
We’re All Terrorists Now © Adrees Latif / Reuters The concept of terrorism has been extended from carrying out physical acts in which innocent people are killed, to wrong opinions, sweaty palms and disagreement with government. If you want to find a terrorist, soon all you will have to do is look in the mirror. […]
Who Exactly is Trying to Kill off Cash?
Who Exactly is Trying to Kill off Cash? In the Irish city of Cork, business leaders recently launched a three-month pilot project to encourage consumers to abandon the archaic use of cash by offering the chance to enter into a prize draw if they use electronic means of payment. It is a cheap, almost insulting inducement, but […]
U.K. Government Proposes More, Not Less, Electronic Snooping
U.K. Government Proposes More, Not Less, Electronic Snooping Two years after NSA whistleblower Edward Snowden revealed the vast reach of U.S. and U.K. surveillance, the U.S. Congress rolled back the most manifestly unconstitutional element: the bulk collection of domestic phone data. The U.K. government, on Wednesday, chose to double down instead. The newly unveiled text of what critics are […]
U.K. Police ‘to Be Given Powers to View Everyone’s Entire Internet History’
U.K. Police ‘to Be Given Powers to View Everyone’s Entire Internet History’ Ministerio TIC Colombia / CC BY 2.0 British police are to be given the power to view the entire Internet history of everyone in the U.K. in a new surveillance bill to be published next week, reports say. Under the proposed plan, telecoms and Internet […]
BBC Protects U.K.’s Close Ally Saudi Arabia With Incredibly Dishonest and Biased Editing
BBC Protects U.K.’s Close Ally Saudi Arabia With Incredibly Dishonest and Biased Editing The BBC loves to boast about how “objective” and “neutral” it is. But a recent article, which it was forced to change, illustrates the lengths to which the British state-funded media outlet will go to protect one of the U.K. government’s closest allies, Saudi Arabia, […]
UK MoD denies tabloid reports RAF ‘ready to shoot down’ Russian planes over Iraq
UK MoD denies tabloid reports RAF ‘ready to shoot down’ Russian planes over Iraq © Daily Star / The Sunday Times UK media allegations that RAF pilots in Iraq had been authorized to shoot down Russian fighters in case of imminent threat have prompted a response from Moscow. Britain’s military says there is “no truth” […]
It’s Official – UK Admits “Human Rights” No Longer a Priority of British Foreign Policy
It’s Official – UK Admits “Human Rights” No Longer a Priority of British Foreign Policy Not that they ever were, but they’ve finally decided to be explicit about it. Which to be honest, is pretty scary. From the Independent: Human rights are no longer a “top priority” for the Government, Britain’s most senior Foreign Office official has […]
From ZIRP to NIRP
From ZIRP to NIRP The sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about emerging market economies, has got financial scribblers writing about negative interest rate policies (NIRP). Coincidentally, Andrew Haldane, the chief economist at the Bank of England, published a […]
