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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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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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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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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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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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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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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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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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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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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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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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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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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“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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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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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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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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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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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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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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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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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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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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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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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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“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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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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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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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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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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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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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 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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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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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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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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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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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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“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 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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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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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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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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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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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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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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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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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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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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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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“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 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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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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“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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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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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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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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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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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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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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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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