By highlighting rising inequality and poverty in America and asking why “the one percent” has been so successful in tilting state policy in its favour, the Occupy Wall Street Movement (OSW) is raising old and new questions about the nature and quality of the country’s democracy. It has brought into the spotlight the fact...
Myth: The US was forced to declare war on Japan after a totally unexpected Japanese attack on the American naval base in Hawaii on December 7, 1941. On account...
Foreseeable or Not? I noted in April: Whenever there is a disaster, those responsible claim it was “unforeseeable” so as to escape blame. For example: It happened with 9/11...
The leaders of the EU prepare for a summit this week as the Eurozone continues to spin out of control. But how did the collapse begin, and who will...
U.S. Post-Mortem on 1974 Indian Test Criticized Intelligence Community Performance for “Waffling Judgments” and Not Following Up Leads National Security Archive Electronic Briefing Book No. 367 Posted – December...
Will the euro leave the eurozone? How long before the currency becomes history? Who will miss the euro? Or will the euro hang on for a while as the...
Matt Yglesias, the political commentator, is mildly upset over a report that President Barack Obama is turning to the investor Warren E. Buffett and Alan Mulally, the chief executive...
North Dakota has had the nation’s lowest unemployment ever since the economy tanked. What’s its secret? an article in The New York Times on August 19th titled “The North Dakota Miracle,”...
Secret deals with CFTC staff led to futures markets with 80% speculation More at The Real News Transcript PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network....
The following exchange between Congressman Ron Paul (R-TX) and the Fed’s attorney Scott Alvarez proves, without a shadow of a doubt, that The Federal Reserve has no gold backing...
Fear of unrest and hunger for profit are sparking massive acquisitions of farmland. A 21st-century land rush is on. Driven by fear and lured by promises of high profits,...
The credit downgrade of the US from Standard and Poor’s is undoubtedly the big news this week but what’s next for the investors? Usually, when S&P issues a negative...
One of the characteristics of the current economic crisis that doesn’t get talked about all that much is just how much money there is to be made in a...
Here are key highlights from Harrington’s story A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies...
In today’s looming confrontation the ratings agencies are playing the political role of “enforcer” as the gatekeepers to credit, to put pressure on Iceland, Greece and even the United...
Every professional has their own method of analyzing markets, finance and economies, and some do well coming up with the direction of social and political issues as well. The...
In early January 2009 two White House-bound economists — Christina Romer and Jared Bernstein — predicted that if the stimulus bill were passed, unemployment would peak at 8% by midyear...
“… if financial markets are skittish and don’t have confidence in a country’s fiscal soundness, that is also going to undermine our recovery.” President Barack Obama, June 27, 2011 (in...
Spiegel asks: ”Is The World Going Bankrupt?” That is an odd question. If some people are losing money, others must be gaining money, right? But where is all the money going? Bloomberg’s...
On Friday, August 5, the credit rating agency, Standard & Poor’s, downgraded US debt from AAA to AA+. Gerald Celente’s view that S&P’s downgrade of the US Treasury’s credit...
Know where to turn for the truth The so-called “debt ceiling debate” which took place in the US this week has been the focus of much media speculation, and...
It used to be that when the Fed Chairman spoke, the market listened; but the Chairman has lost his mystique. Now when the market speaks, politicians listen. Hopefully they...
It was 15-months ago that we projected that the second half of 2011 and onward would present many financial and economic problems, and we have not been disappointed. There...
With the announcement of the candidacy of Barack Obama for President of the United States in 2012, the campaign trail has officially started. Contrary to what one might have...
With the world concerned about US financial credibility and the poor outlook for the US economy, now is not the time for the Republicans to grandstand on the public...
Housing Market Headed Off A Cliff. 10.8 Million Mortgages At Risk You might want to sit down for this one. As bad as the housing crisis has been over...
The word ‘recover’ always has the connotation of “getting back.” But who is going to get back what when the economy “recovers”? Few at most. So what does an...
Virg Bernero, the mayor of Lansing, Michigan, just won the Democratic nomination for governor of his state, making a state-owned Bank of Michigan a real possibility. Bernero is one...
Rudolf Steiner (1861-1925) was an Austrian philosopher and esotericist and founder of one of the key modern spiritual movements in the West. He is best known for his books...
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...
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,...
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...
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...
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,...
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...
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...
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...
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...
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),...
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...
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....
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...
“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...
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...
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...
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)...
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...
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...
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...
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...
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...
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...
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...
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...
“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.”...
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...
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...
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...
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...
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 –...
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...
