The Death of Paper Money

The Death of Paper Money

As they prepare for holiday reading in Tuscany, City bankers are buying up rare copies of an obscure book on the mechanics of Weimar inflation published in 1974. Ebay is offering a well-thumbed volume of “Dying of Money: Lessons of the Great German and American Inflations” at a starting bid of $699 (shipping free.....
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Evolving Global Financial Crisis: The Dollar Will Head Down Again

Evolving Global Financial Crisis: The Dollar Will Head Down Again

As we long ago predicted, 2005 was the beginning of the collapse of the housing bubble. The result was financial chaos and a credit crisis that enveloped the US,...
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A Decade of Declining Home Prices Ahead

A Decade of Declining Home Prices Ahead

The housing depression will last for a decade or more. This is by design. The Fed has been working with the banks to withhold inventory so prices do not...
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Mobile Banking Sees Success in Senegal

Mobile Banking Sees Success in Senegal

Financial services are reaching the world’s poorest by mobile phone. Thanks to a mobile banking system launched last month in Senegal, people with no previous access to bank accounts...
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The Local Touch: Financial Inclusion in Rural India

The Local Touch: Financial Inclusion in Rural India

Thamizarasi does not know job safety or regular income. Work comes and goes for this 40-something agri-labourer in Alakudi, a village in Thanjavur district in Tamil Nadu. This month,...
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Financial Reform Bill Shows Power of Wall Street

Thomas Ferguson: A few small useful measures, but the bill strengthens the Fed and is weak on big issues. Thomas Ferguson  is Professor of Political Science at the University...
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How Brokers Became Bookies: The Insidious Transformation of Markets Into Casinos

How Brokers Became Bookies: The Insidious Transformation of Markets Into Casinos

Ever since December 2008, the Federal Reserve has held short-term interest rates near zero. This was not only to try to stimulate the housing and credit markets but also...
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Mozambique: Not Then But Now

Mozambique: Not Then But Now

I first knew Mozambique through close contact in Dar es Salaam with FRELIMO in the early and difficult years – the 1960s and the first-half of 1970s – of...
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Understanding Political Art

Understanding Political Art

What is political art? What makes art political? It is very difficult to define political art. Views on what makes art political can range from the idea that all...
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Economic Downward Spiral: The Next Big Wave of Deflation is Upon Us

Economic Downward Spiral: The Next Big Wave of Deflation is Upon Us

It looks like the next big wave of deflation is upon us. Looking at some key fundamentals, we see the labor market is again shredding jobs (652,000 in June),...
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The US Treasury and the Federal Reserve are Manipulating the Gold Market

The US Treasury and the Federal Reserve are Manipulating the Gold Market

Recently we were again witness to three gold market takedowns. The first was engineered just prior to and into gold and silver options expiration. Then prior to the ETF...
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Gulf Oil Spill “Could Go on Years and Years” …

Gulf Oil Spill “Could Go on Years and Years” …

The Obama Administration and senior BP officials are frantically working not to stop the world’s worst oil disaster, but to hide the true extent of the actual ecological catastrophe....
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War, Politics and the Economic Crisis: Why We Barely Know What’s Going On

War, Politics and the Economic Crisis: Why We Barely Know What’s Going On

In war as in Politics and finance, the real “action” is now covert hidden from the public — deceptive and dishonest Defending America covertly has become an ongoing theme...
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Some Big Lies of Science

Some Big Lies of Science

“The majority of politicians, on the evidence available to us, are interested not in truth but in power and in the maintenance of that power. To maintain that power...
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The Economic Crisis: Class Struggles Heat Up in Greece

The Economic Crisis: Class Struggles Heat Up in Greece

Workers in Greece today stand in the forefront of the converging European class struggles against big capital’s attempt to make working people pay the costs of its crisis. Mobilizations...
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How to Avoid Another Lehman-style Credit Collapse

How to Avoid Another Lehman-style Credit Collapse

Banks Profit from Near-zero Interest Rates: Another Reason for States to Own Their Banks While individuals, businesses and governments suffer from a credit crisis created on Wall Street, the...
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Social Crisis in America. Coming Soon.

Social Crisis in America. Coming Soon.

In the old days the U.S. government used different tactics to trick the population into accepting policies that only the elite wanted. For example, it took legions of hired speakers (propagandists)...
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Desperate Financial Situation, Biggest Debt Bubble in World History: Fifty Statistics About The U.S. Economy

Desperate Financial Situation, Biggest Debt Bubble in World History: Fifty Statistics About The U.S. Economy

Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really...
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WHO Scandal Exposed: Advisors Received Kickbacks From H1N1 Vaccine Manufacturers

WHO Scandal Exposed: Advisors Received Kickbacks From H1N1 Vaccine Manufacturers

A stunning new report reveals that top scientists who convinced the World Health Organization (WHO) to declare H1N1 a global pandemic held close financial ties to the drug companies...
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The Battle for Thailand

The Battle for Thailand

Nearly a week after the event, Thailand is still stunned by the military assault on the Red Shirt encampment in the tourist center of the capital city of Bangkok...
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Will Hollywood Go The Way of Enron?

Will Hollywood Go The Way of Enron?

Derivatives come to the movies As if attacks from paparazzi and star-crazed fans weren’t enough, Hollywood stars may soon have a literal price put on their heads by investors...
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Computer Program Designed To Save The Free Market Turned Into A Monster

Computer Program Designed To Save The Free Market Turned Into A Monster

While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs. Market commentators are fond of...
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Big Fat Greek Deb: William Engdahl Video

Big Fat Greek Deb: William Engdahl Video

The financially stricken Greek government is beginning talks with the EU and the International Monetary Fund about a possible bailout. Greece has found borrowing from banks too costly recently...
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Going After Goldman

Going After Goldman

A Crackdown on Financial Crime or a Kabuki Play Maneuvre to Avoid Bringing Criminal Charges Fox Business News was engrossed in interviewing a blonder than thou reality TV bimbo...
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Debt Dynamite Dominoes: The Coming Financial Catastrophe

Debt Dynamite Dominoes: The Coming Financial Catastrophe

Understanding the Nature of the Global Economic Crisis The people have been lulled into a false sense of safety under the ruse of a perceived “economic recovery.” Unfortunately, what...
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Economic Bubbles and Financial Crises, Past and Present

Economic Bubbles and Financial Crises, Past and Present

“It is well enough that people … do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”...
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Creating our Own Credit: The Growing Movement for Publicly-Owned Banks

Creating our Own Credit: The Growing Movement for Publicly-Owned Banks

As the states’ budget and credit crises deepen, four states have initiated bills for state-owned banks, and candidates in seven states have included that solution in their platforms. “Hundreds...
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The devastating Lehman Brothers bankruptcy report

The devastating Lehman Brothers bankruptcy report

Evidence of a Financial Coup in America How much more evidence of a financial coup and the THEFT of TRILLIONS of DOLLARS do we need before the media and...
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How Is Credit Created? What is the Best Public Banking

How Is Credit Created? What is the Best Public Banking

This is an open letter to the economics, finance and banking communities. I don’t have any dog in the fight, other than to figure out and then publicize what...
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The Battle of the Titans: JP Morgan Versus Goldman Sachs

The Battle of the Titans: JP Morgan Versus Goldman Sachs

Or Why the Market Was Down for 7 Days in a Row We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs...
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Oil in Haiti – Economic Reasons for the UN/US Occupation

Oil in Haiti – Economic Reasons for the UN/US Occupation

This article was first published in October 2009. Oil in Haiti and Oil Refinery – an old notion for Fort Liberte as a transshipment terminal for US supertankers –...
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Moving Your Money Can Have a Real Effect on Big Banks

Moving Your Money Can Have a Real Effect on Big Banks

People have asked whether moving your money from your giant bank to a small community bank or credit union will have any real affect on the too big to...
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The Global Economic Crisis and the Need for World Bank Reform

The Global Economic Crisis and the Need for World Bank Reform

The world has come to a line in the sand.  Over one and a half billion people live in abject poverty today.  Millions die each year of malnutrition or...
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The WHO Global Tax Proposals

The WHO Global Tax Proposals

Fresh on the heels of a Dutch investigation into the conflicts of interest of their chief influenza advisor and the bombshell announcement that the Council of Europe will be...
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Wall Street’s Power Grab

Wall Street’s Power Grab

The Financial Crisis Inquiry Commission Hearings You almost could hear the bankers heave a sigh of relief when Haiti’s earthquake knocked the Financial Crisis Inquiry Commission hearings off the...
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Moral Bankruptcy: Why Are We Letting Wall Street Off So Easy?

Moral Bankruptcy: Why Are We Letting Wall Street Off So Easy?

It is said that a near-death experience forces one to reevaluate priorities and values. The global economy has just escaped a near-death experience. The crisis exposed the flaws in...
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Europe in Crisis

Europe in Crisis

At the start of the last decade, in March 2000, the European Union heads of state announced the Lisbon Strategy. Its aim, by 2010, was to make Europe “the...
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Why Copenhagen Failed

Why Copenhagen Failed

To anybody interested in the future of the earth’s climate, the conclusion of the Copenhagen conference represents either colossal disappointment or profound rage.  The financial pledges— if honored— that...
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Obama is preparing for War in South America: Eva Golinger

Obama is preparing for War in South America: Eva Golinger

“Nobel Peace Prize Winner Barack Obama, is Preparing for War in South America”; Interview with Eva Golinger Mike Whitney—-The US media is very critical of Venezuelan President Hugo Chavez....
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The Story of Stuff: The Real Costs of our Consumer Driven Culture

The Story of Stuff: The Real Costs of our Consumer Driven Culture

The Story of Stuff is a 20-minute film that takes viewers on a provocative and eye-opening tour of the real costs of our consumer driven culture—from resource extraction to...
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Any Climate Treaty Which Does Not Dramatically Reduce Soot Is Not Worth the Paper It’s Written On

Any Climate Treaty Which Does Not Dramatically Reduce Soot Is Not Worth the Paper It’s Written On

Preface: I studied global warming at a top university in the early 1980′s. I was taught – as Al Gore was taught in college – that temperatures are directly...
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2009-2010: An Economic Crossroads

2009-2010: An Economic Crossroads

The crisis of 2008-2009 exposed the U.S. financial system as being unstable, subject to abuse, and tending to favor the rich while putting everyone else deeper into debt. The...
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Obama’s Big Sellout

Obama’s Big Sellout

The president has packed his economic team with Wall Street insiders The president has packed his economic team with Wall Street insiders intent on turning the bailout into an...
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The Great Carbon Con: Can offsetting really help to save the planet?

The Great Carbon Con: Can offsetting really help to save the planet?

It all started with Sting, this fad for owning one’s very own patch of tropical rainforest, though it is probably unfair to blame him entirely for creating the boom...
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Copenhagen’s Hidden Agenda: The Multibillion Trade in Carbon Derivatives

Copenhagen’s Hidden Agenda: The Multibillion Trade in Carbon Derivatives

Architect of Credit Default Swaps behind the Development of “Carbon Derivatives” As I have previously shown, speculative derivatives (especially credit default swaps) are a primary cause of the economic...
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Climate Change: The Global Media Presents an Apocalyptic Scenario

Climate Change: The Global Media Presents an Apocalyptic Scenario

The following text (in annex) was published simultaneously by major Newspapers around the World. It constitutes a Worldwide public relations initiative, intended to sway public opinion into unreservedly accepting...
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Divisions within the Federal Reserve: Failures in the Management of the Financial Crisis

Divisions within the Federal Reserve: Failures in the Management of the Financial Crisis

Questions for Bernanke’s Senate Confirmation Hearing The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment. Demand that the Committee ask the...
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New Cheap and Effective Cancer Drug: But Big Pharma Says NO WAY!

New Cheap and Effective Cancer Drug: But Big Pharma Says NO WAY!

Will Dr. Evangelos Michelakis’ Invention be blocked by a Profit Driven Pharmaceutical Industry? University of Alberta Researcher Dr. Evangelos Michelakis has developed an effective drug which can be used...
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Financial Crisis in Dubai: Towards a Nightmare Scenario?

Financial Crisis in Dubai: Towards a Nightmare Scenario?

The default in Dubai is not the beginning of Financial Meltdown 2. Don’t look for dominoes here. Yes, it does raise serious questions about the vast debt-overhang in emerging...
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Singapore: The World’s most Efficiently Managed Company

Singapore: The World’s most Efficiently Managed Company

A Paradigm Shift: APEC Offers No Clear Answers Like scores of journalists, I attentively listened as Singapore Prime Minister Lee Hsien Loong delivering his closing remarks, and for the...
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Lessons From The Japanese: Time to Replace Sovereign Debt With Sovereign Credit

Lessons From The Japanese: Time to Replace Sovereign Debt With Sovereign Credit

“We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we...
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The Economic Crisis and What Must be Done

The Economic Crisis and What Must be Done

The United States does not control its own destiny. Rather it is controlled by an international financial elite, of which the American branch works out of big New York...
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Economic Meltdown – A Call for Systemic Change

Economic Meltdown – A Call for Systemic Change

Whenever I hold my two-year old grandson, Grant, in my arms I wonder what this world will look like six decades from now, when he is my age. I...
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Asia’s Rice Culture Threatened

Asia’s Rice Culture Threatened

“Every really successful system of agriculture…..must be based on the long view, otherwise the day of reckoning is certain.” [Sir Albert Howard & Yashwant Wad; The Waste Products of...
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The “Double Dip Economic Depression”

The “Double Dip Economic Depression”

Why the President Warns of a Deeper Drop, Not a Recovery When I was a kid, a “double dip” was an ice cream cone with two scoops. Yummy, Today,...
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“Worst-Case Debt Scenario”: Société Générale Tells Clients how to Prepare for Potential ‘Global Collapse’

“Worst-Case Debt Scenario”: Société Générale Tells Clients how to Prepare for Potential ‘Global Collapse’

Société Générale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction....
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Red Alert: The Second Wave of The Financial Tsunami

Red Alert: The Second Wave of The Financial Tsunami

The Wave Is gathering force & could hit between the first & second quarter of 2010 Many of my friends who have been receiving my e-mail alerts over the...
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Efficient Markets or Herd Mentality? The Future of Economic Forecasting

Efficient Markets or Herd Mentality? The Future of Economic Forecasting

Ever wonder why you succumbed, yet again, to advertising hype or deceptive packaging and overpaid for a product? Or bought securities that you know were overvalued when the herd...
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Beyond GDP: We need a dashboard for the whole economy

Beyond GDP: We need a dashboard for the whole economy

HOW much political power can one number exert? Gross domestic product (GDP) is a strong candidate for the world’s most potent numerical indicator. Politicians use it to rank states...
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The Role of Gold in the World Monetary System

The Role of Gold in the World Monetary System

What Is India and China Doing That Malaysia Has Neglected To Do? On 27th August 2009 I wrote an article, “An Appeal To Malaysia’s Prime Minister Cum Finance Minister...
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When the Dollar Rallies, the Market will Crash

When the Dollar Rallies, the Market will Crash

Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the...
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