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Corruption and economic instability in the news
Corruption and economic instability in the news [ I can’t keep up with the flood of news about on fraud and economic instability, so below are a few of the stories I don’t have time to write up. But there are hundreds of stories every month, too many to list or keep up with. See […]
Corrupt and Deranged
Corrupt and Deranged Contemporary governance embodies corruption within deranged systems resting on foundations of theft and fraud. Corruption makes reform impossible; derangement assures eventual collapse. “Defense” spending is a misnomer. The US could defend itself at a small fraction of what it spends on its military and intelligence. The US government’s foreign intervention and maintenance […]
“Helicopter Money” Won’t Fix What’s Broken
“Helicopter Money” Won’t Fix What’s Broken Creating “free money” to support bloated bureaucracies and corrupt cartels only makes the underlying problems worse. The mere mention of helicopter money has intoxicated global stock markets, which have soared on the rumor of Japanese helicopter money. But as I explained in Why Helicopter Money Won’t Push Stocks Higher, central banks funding fiscal spending […]
IMF Blames Bad Loans For Mozambique’s Soaring Debt-To-GDP Ratio
IMF Blames Bad Loans For Mozambique’s Soaring Debt-To-GDP Ratio Mozambique has a broad swath of problems within its governing councils. Back in December of 2005, Management Systems International based out of Washington issued a report titled CORRUPTION ASSESSMENT: MOZAMBIQUE which said point blank: “The scale and scope of corruption in Mozambique are cause for alarm”. Mozambique’s head […]
Mafia Expert Calls Great Britain the “Most Corrupt Place on Earth”
Mafia Expert Calls Great Britain the “Most Corrupt Place on Earth” The City is a semi-offshore state, a bit like the UK’s crown dependencies and overseas territories, tax havens legitimized by the Privy Council. Britain’s financial secrecy undermines the tax base while providing a conduit into the legal economy for gangsters, kleptocrats and drug barons. Even the more […]
Corrupt Elites and the Looting Machine
Corrupt Elites and the Looting Machine Can corruption be controlled by reform or is it so much the essential fuel sustaining political elites that it will only be ended – if it ends at all – by revolutionary change? The answer varies according to which countries one is talking about, but in many – particularly […]
Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption
Blockbuster Story – How Hedge Funds Invest Heavily in Washington D.C.’s Culture of Corruption Earlier today, Ryan Grim and Paul Blumenthal published a blockbuster piece in the Huffington Post, titled: The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington. It details the secretive world of the dark money groups representing mercenary hedge funds in their insatiable […]
The Voting Delusion
The Voting Delusion This November, I heartily encourage all Americans to exercise their civic duty by going to the polls and voting for one of the dignified Presidential candidates that have amazed us this election cycle with their wisdom and compassion… not! Unfortunately, this is not a laughing matter. A large segment of the U.S. […]
The Entire Status Quo Is a Fraud
The Entire Status Quo Is a Fraud Fraud as a way of life caters an extravagant banquet of consequences. This can’t be said politely: the entire status quo in America is a fraud. The financial system is a fraud. The political system is a fraud. National Defense is a fraud. The healthcare system is a […]
State of Fear – Corruption in High Places
State of Fear – Corruption in High Places Mr. X and his Mysterious Benefactors As the Australian Broadcasting Corporation (ABC) reports, a money-laundering alarm was triggered at AmBank in Malaysia, a bank part-owned by one of Australia’s “big four” banks, ANZ. What had triggered the alarm? Money had poured into the personal account of one of […]
Corruption, resources, climate and systemic risk
Corruption, resources, climate and systemic risk Corruption is a loaded word. One person’s corruption is another’s sound social policy. Some people believe providing unemployment benefits to laid-off workers corrupts them by making them “lazy.” Many others think such benefits are sound social policy in an economic system that is prone to major cyclical ups and […]
The Panama Papers: Oozing Slime
The Panama Papers: Oozing Slime dennizn | Shutterstock.com The Panama Papers, a one-year investigation by over 100 reporters worldwide (The International Consortium of Investigative Journalism) of offshore money hiding/laundering/taxation avoidance, is a cause célèbre of underhandedness seldom, if ever, revealed to the world’s public. It is comparable to lifting a rotting log in the woods and finding […]
Panama partners in crime
Panama partners in crime “We have broken no laws and cooperated with the government at all times.” Variations of that statement seem to be the default defence of everyone from bankers to politicians when their names come up in the Panama Papers. In the UK the latest to resort to some version of it, was first Downing […]
Putin Denounces “Panama Papers” As U.S. Plot To Destabilize Russia
Putin Denounces “Panama Papers” As U.S. Plot To Destabilize Russia The last few days days have been rife with speculation about the motivation, if any, behind the release of the Panama Papers, with the most prominent example coming from Wikileaks two days ago on Twitter which accused the journalist consortium behind the leak, the ICIJ, of being […]
