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Western Interests Aim To Flummox Russia

An article by Robert Berke in oilprice.com, which describes itself as “The No. 1 Source for Oil & Energy News,” illustrates how interest groups control outcomes by how they shape policy choices. Berke’s article reveals how the US intends to maintain and extend its hegemony by breaking up the alliance between Russia, Iran, and China, and by oil privatizations that result in countries losing control over their sovereignty to ...Read full article...

When the Cult of Central Banking Collapses…

The idea that a country can print its way out of hardship via the central banking system is not only absurd, but also illogical. illionaire power broker Paul Singer thinks easy money policies have failed miserably… Singer founded Elliot Management, a hedge fund that manages $27 billion. He generated an average annual return of 14% from 1977 to 2012. Remarkably, he only had two down years during that thirty-five ...Read full article...

The Passing of American Exceptionalism

How We Became Like All the Other Nations Yes, once upon a time there really was an American exceptionalism. America was a light unto the world. This exceptionalism was a long way from perfect, of course (looking for perfection in a mass of humans is silly), but it was legitimate and substantial. Alas, that was long ago. People who say that American exceptionalism still exists don’t understand what it ...Read full article...

The Confiscation of Bank Savings to “Save the Banks”

Is the Cyprus Bank “Bail-in” a “dress rehearsal” for things to come? Is  a “Savings Heist” in the European Union and North America envisaged which could result in the outright confiscation of bank deposits? In Cyprus, the entire payments system has been disrupted leading to the demise of the real economy. Pensions and wages are no longer paid. Purchasing power has collapsed. The population is impoverished. Small and medium ...Read full article...

Spain: Tax us all to Save the Euro

The government in Madrid officially calls for bailout, but refrains from calling it so. By IAN TRAYNOR | UK GUARDIAN | JUNE 7, 2012 Spain is warning that Europe‘s single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing banks. As Spain’s prime minister, Mariano Rajoy, came under mounting international pressure to accept ...Read full article...

Central Banking Caused 2008 Financial Debacle

DAILY BELL | MARCH 21, 2012 The meltdown explanation that melts away … Although our understanding of what instigated the 2008 global financial crisis remains at best incomplete, there are a few widely agreed upon contributing factors. One of them is a 2004 rule change by the U.S. Securities and Exchange Commission that allowed investment banks to load up on leverage. This disastrous decision has been cited by a ...Read full article...