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Which New World Order Are We Talking About?
Which New World Order Are We Talking About? Those of us who are libertarians have a tendency to speak frequently of “the New World Order.” When doing so, we tend to be a bit unclear as to what the New World Order is. Is it a cabal of the heads of the world’s governments, or […]
Pulling the plug, part 1
Pulling the plug, part 1 We can refuse to participate in a dead society gone shopping. — Joe Bageant Once we understand what feeds it, it becomes possible to think of stopping the Machine. I puzzled over this one for a long time, only to suddenly grok the obvious: the fodder for the Machine is our […]
Most Americans Are Slaves And They Don’t Even Know It
Most Americans Are Slaves And They Don’t Even Know It Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do. These days, we don’t like to think of ourselves as “servants” or “slaves”, but that is what the vast majority of […]
Making Me Pay For My Crimes Would Send “Message of Uncertainty to the Markets”: Bank President to Spanish Judge
Making Me Pay For My Crimes Would Send “Message of Uncertainty to the Markets”: Bank President to Spanish Judge “It’s just a matter of time before injustice prevails…” A Spanish judge by the name of Fernando Andreu recently violated one of the most important unwritten rules of global finance: namely, that banks and bankers are […]
Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen”
Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen” With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of […]
Throw Your Grandma Under The Bus
Throw Your Grandma Under The Bus Before we get news in a few hours on the new proposals Greece is required to hand to its slavemasters today, Monday Feb 23, it seems relevant to point out one more time that what is happening to Greece is the result of political, not economic, decisions and points […]
Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday
Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday Official Greek deposit data began tumbling in December (outflows around EUR3bn), and accelerated in January in the run up to the Syriza election (proxied by JPMorgan at over EUR 12bn). During the last two weeks, however, the absence of ATM lines and visible bank runs has been […]
As Banks Tighten Grip on the Media, British Journalist Rebels Against HSBC-Run Telegraph
As Banks Tighten Grip on the Media, British Journalist Rebels Against HSBC-Run Telegraph “Banks are the feudal knights of today’s world,” Hervé Falciani says in an interview. “They are a power without a counterweight, without opposition.” That is not to say that they don’t have a weak point, adds the 42-year-old whistleblower who blew the lid on […]
Operation Choke-Point Is Worse Than We Thought
Operation Choke-Point Is Worse Than We Thought Operation Choke Point is an initiative of the DoJ that was announced in 2013 which investigates bank interactions with certain businesses believed to be at higher risk for fraud and money laundering. When first disclosed it was heavily criticised for bypassing due process with critics warning that “it’s a thinly […]
Spanish Judge Violates Global Rule, Makes Bank President & Former IMF Chief Pay for Financial Crimes
Spanish Judge Violates Global Rule, Makes Bank President & Former IMF Chief Pay for Financial Crimes Bankers never go to jail. This is one of the unwritten new laws to which most of us have grown wearily accustomed in this new post-crisis reality. Also begrudgingly taken for granted is the fact that a banker’s fortune will […]
Fossil fuel divestment campaign grows as protesters target UK banks
Fossil fuel divestment campaign grows as protesters target UK banks With Britain’s big five banks investing £66bn in fossil fuel extraction, campaigners believe pressure is building on banks to sell off toxic assets At least 1,400 UK customers are set to move their accounts in protest at their banks’ multibillion-pound funding of the fossil fuel industry. The […]
Banks May Have Overplayed Their Hand Fighting Wall Street Regulation
Banks May Have Overplayed Their Hand Fighting Wall Street Regulation (Bloomberg) — The financial industry is finding that winning in Washington comes at a cost. Wall Street lobbied aggressively and succeeded late last year in persuading lawmakers to roll back rules for the $700 trillion derivatives market. Instead of generating momentum for further changes to […]
Crony States of America – Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government
Crony States of America – Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government “There is a lot of work ahead for the management to recover its reputation.” – John Whitehead, Ex-Goldman Sachs Chairman, in a 2010 Wall Street Journal interview Goldman Sachs may need to work on its image. This year, the firm beat recall-riddled […]
Greece Exposes The Global Economy’s Achilles Heel
Greece Exposes The Global Economy’s Achilles Heel Countries that can’t repay their debts — won’t The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth. In this case, the truth is perfectly captured by the blunt assessment by the new Greek […]
Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles
Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles (Bloomberg) — Georgios Karavelas drives a taxi in Athens and for the past month has been a silent witness to what ordinary Greeks are doing with their cash. One passenger, he said, told someone on his mobile phone that he’d withdrawn 25,000 euros from the […]
