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Economy

Banksters plot publicly to keep your deposits in their pockets

Leaders of the global banking cartel have publicly stated that they are planning to impose charges on depositors should the U.S. Federal Reserve cut the interests rate it pays banksters for deposits it holds from individuals and companies. Meanwhile, Federal Reserve Board Governor, Daniel Tarullo, proposed this week measures to avoid what he called “massive runs on the banks”. As it is well known, the United States Federal Reserve, ...Read full article...

The Federal Reserve and Wall Street “Assassinate the US Dollar”

Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base. Now China is going to let the dollar decline further in value.  China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of the growing avoidance of the dollar to settle trade imbalances means ...Read full article...

A New Bankers’ Plot to Steal Your Deposits

Former Treasury Secretary Timothy Geithner, a protege of Treasury Secretaries Rubin and Summers, has received his reward for continuing the Rubin-Summers-Paulson policy of supporting the “banks too big to fail” at the expense of the economy and American people. For his service to the handful of gigantic banks, whose existence attests to the fact that the Anti-Trust Act is a dead-letter law, Geithner has been appointed president and managing ...Read full article...

Trans-Pacific Partnership is a Corporate Coup d’Etat

It Handcuffs Governments, Gives New Powers to Corporations The Trans-Pacific Partnership (TPP) is a trade deal from hell. It’s a stealth corporate coup d’etat. It’s a giveaway to banksters. It’s a global neoliberal ripoff. It’s a business empowering Trojan horse. It’s a freedom and ecosystem destroying nightmare. The Electronic Frontier Foundation (EFF) calls it “a secretive, multi-national trade agreement that threatens to extend restrictive intellectual property (IP) laws across the globe ...Read full article...

CO2 and the Ideology of Climate Change

By James F. Tracy Global Research November 12, 2013 The Forces Behind “Carbon-Centric Environmentalism” On June 25, 2013 President Obama laid out his long term agenda for reducing US industrial and consumer “greenhouse emissions.” On July 11th the Department of Energy warns that “climate change”-related events will be threatening traditional sources of energy production and causing more energy supply disruptions. All the while, the notion that unusual or extreme ...Read full article...

The Offshore Outsourcing of American Jobs: A Greater Threat Than Terrorism

Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing’s impact. But so far there has been no debate, just a shouting down of skeptics as “protectionists.” ...Read full article...

Escape From The Dollar

Paul Craig Roberts thinks the Fed has backed itself into a corner. A rise in interest rates would strengthen the dollar, give the dollar new life as world reserve currency, and halt the movement into gold, but a rise in rates would collapse the bond and stock markets and reduce the value of derivatives on the banks’ balance sheets. I asked Dr. Roberts if the Fed would sacrifice the ...Read full article...

Voodoo Economics: Deficits do matter

Is Paul Krugman a Voodoo Economist? Readers ask me if Paul Krugman could be correct that deficits don’t matter and that neither does printing endless reams of money with which to purchase the Treasury’s debt instruments that finance the deficits.  If people at home and abroad who hold dollars and dollar denominated financial instruments do not care that trillions of new dollars are being created in order to cover ...Read full article...

Nobody Should Shed a Tear for JP Morgan Chase

Was Bernie Madoff’s pyramid scheme really so different from what some of the biggest banks have done? A lot of people all over the world are having opinions now about the ostensibly gigantic $13 billion settlement Jamie Dimon and JP Morgan Chase have entered into with the government. The general consensus from most observers in the finance sector is that this superficially high-dollar settlement – worth about half a year’s profits ...Read full article...

Gold Wars: Shortselling intended to manipulate prices

The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title – anonymous At opening bell of April 30, 2012, an anonymous ...Read full article...

The only Market that America dominates is the Market for Financial Fraud

The year 2014 could be shaping up as the year that the chickens come home to roost.  Americans, even well-informed ones, don’t know all of the mistakes made by neoconized and corrupted Washington in the past two decades.  However, enough is known to see that the US has lost economic and political power, and that the loss is irreversible.  The economic cost of this lost will be born by ...Read full article...

“Shock and Awe Economics”, Financial Warfare directed against the American People

Groups campaigning against Obamacare are funded by multibillionaires Charles and David Koch. Days before Obama and Congress struck the last-minute budget deal on October 16, the Koch brothers, seeing that their plan had gone wrong, “jumped off the train” and wrote an open letter to Congress, distancing themselves from accusations of a shutdown blackmail conspiracy. The Voice of Russia spoke with Professor Michel Chossudovsky, founder of the Centre for ...Read full article...

America’s Economic Dark Side. Widening Social Inequality, Rising Poverty and Joblessness

Former Clinton administration Labor Secretary Robert Reich explained, saying: “Of all developed nations, the United States has the most unequal distribution of income, and we’re surging towards every greater inequality.” America’s 400 richest elites have more wealth than half the population. Jacob Kornbluth’s new documentary film “Inequality for All” examines disturbing truths. US inequality is at historic highs. Since 1970, America’s economy doubled. The top 1% benefited hugely. They ...Read full article...

Bankers propose “capital levy” on private wealth

Our times are “taxing times”, with banks getting free fiat money at 0% percent interest, while their cohorts who work for transnational financial entities demand the confiscation of privately owned wealth to help rein in a solution to the current financial collapse. A recent report from the International Monetary Fund (IMF) literally calls for a global “capital levy” to help solve “the sharp deterioration of the public finances in ...Read full article...

Paul Craig Roberts calls on Americans to take back the Country

“Take Back our Civil Liberties, Close Down the Police State” In less than 2 days, if the Treasury secretary can be believed, the Treasury will not have enough money to pay all its bills and will have to prioritize. This doesn’t mean default, as interest on Treasury bonds, notes, and bills will be right up there with the military and NSA.  If Washington defaults on its bonds, Washington’s power ...Read full article...