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Silver State Bank in the United States broke - McCain son sat on the Board
By : Solve et Coagula - Tuesday September 9, 2008
Silver State Bank in the United States broke - McCain son sat on the Board New York (dpa-AFX) - The bankruptcy of a U.S. bank this year also radiates to the presidential election campaign. The Silver closed on Friday from Nevada State Bank was a son of Republican candidate John McCain, until recently, the Board of Directors and was among other things for overseeing the finances. There was however no evidence of misconduct by the 46-year-old Andrew McCain, a Adoptivsohns from John McCains (...)
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Energy Producers Waste More Than $40 billion
By : Dan Rafter - Friday September 5, 2008
Making Sour Gas Into Sweet Energy A 2004 report by the World Bank provided the shocking news: Every year, energy producers waste more than $40 billion by burning off gas at their oil fields and sending it into the atmosphere. The World Bank’s latest statistics estimate that energy producers annually waste 110 billion cubic meters of natural gas—gas that could be transformed into usable energy—by flaring it. This is a tremendous waste. It’s also harmful to the (...)
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WAG THE DOG: HOW TO CONCEAL MASSIVE ECONOMIC COLLAPSE
By : Ellen Brown - Saturday August 16, 2008
By Ellen Brown “I’m in show business, why come to me?” “War is show business, that’s why we’re here.” – “Wag the Dog” (1997 film) Last week, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere. Investors had every reason to expect the dollar and (...)
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Confusion at IndyMac fuels customers’ anger
By : Los Angeles - Thursday July 17, 2008
Confusion at IndyMac fuels customers’ anger By Andrea Chang, E. Scott Reckard and Kathy M. Kristof Los Angeles Times Staff Writers July 16, 2008 Depositors of failed IndyMac Bank endured long waits in the summer heat for a second day Tuesday, with crowds becoming irate at several branches and customers with large accounts complaining of serious problems in getting their money. Banking experts said the chaotic scenes risked touching off runs on other banks unless federal (...)
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IndyMac Bank Fails
By : BenAMarine - Saturday July 12, 2008
On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Conservator. All non-brokered insured deposit accounts and substantially all of the assets of IndyMac Bank, F.S.B. have been transferred to IndyMac Federal Bank, F.S.B. (IndyMac Federal Bank), Pasadena, CA ("assuming institution") a newly chartered full-service FDIC-insured institution. No advance notice is given to the (...)
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“As GM Goes, So Goes the Nation”
By : Daveparts - Tuesday July 8, 2008
1 comment
“As GM Goes, So Goes the Nation” By David Glenn Cox “As GM Goes, So Goes the Nation.” Such was the conventional wisdom in the 1960’s when GM churned out Chevelles, Camaros, Cutlasses, Catalinas, and Cadillacs by the millions. Maybe the saying "runs like a Cadillac" will outlive the company; maybe “As GM Goes, So Goes the Nation” has never been truer. GM’s future is bleak, analysts predict that GM may soon go broke (...)
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First major wave from the economic collapse of the United States hits Canada
By : chycho - Monday July 7, 2008
Half-Truths: One of the main reasons the economic collapse of the United States is catching many people by surprise is because our ‘elected leaders’ and the mainstream media continue to tell half-truths. For example, in early June 2008, the biggest news in Canada was that General Motors was going to halt production at “the Oshawa plant, which produces the Chevrolet Silverado and the GMC Sierra, sometime in 2009, axing around 2,600 jobs in the process.” Mainstream (...)
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Entire US financial system is to come under the scrutiny of the IMF
By : SPIEGEL - Sunday June 29, 2008
The entire US financial system is to come under the scrutiny of the IMF. Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International Monetary Fund. Just one more example of the Fed losing its power. For seven years, US President George W. Bush refused to allow the IMF to conduct its assessment. Even now, he has only given the IMF board his consent under one important condition. The review can begin in (...)
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A Secret Oil Gusher Inside Citigroup
By : Pam Martens - Tuesday June 24, 2008
A Secret Oil Gusher Inside Citigroup June 21 / 22, 2008 Two Federal Agencies Are Culpable in Oil Price Manipulations By PAM MARTENS If you want to flush out market manipulation, don’t turn to the sleuths in Congress.  They’ve been probing trading of the oil markets for two years and completely missed a company at the center of the action.  During that period, a barrel of crude oil has risen from $50 to $140, leaving a wide swatch of Americans facing a choice this coming (...)
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Global stock market analysis from 2003 to 2008 in US dollars and Euros: Update on the collapse of the US
By : chycho - Saturday June 21, 2008
3 comments
Introduction: A few years ago I had the opportunity to do research into certain conspiracy theories, once I came to terms with what I was finding, I began to look at the consequences of what was happening. The first place I looked was the financial markets. After doing some number-crunching the trends became clear. That’s when I contacted friends and family and began my long and bittersweet campaign of warning them about the pending economic collapse of the United States. Some (...)
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How Iran Has Bush Over a Barrel
By : Robert Baer - Friday June 13, 2008
How Iran Has Bush Over a Barrel By Robert Baer Wednesday, Jun. 11, 2008 If wasn’t clear before it should be now: the Bush Administration can’t afford to attack Iran. With gas already at $4 a gallon and rising almost every day, Iran figuratively and literally has the United States over a barrel. As much as the Administration is tempted, it is not about to test Iran’s promise to "explode" the Middle East if it is attacked. The Iranians haven’t been shy about (...)
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Bilderberg Seeks Bank Centralization Agenda
By : Lee Rogers - Tuesday June 10, 2008
6 comments
Bilderberg Seeks Bank Centralization Agenda Lee Rogers Rogue Government June 9, 2008 Fresh off of the 2008 Bilderberg Meeting, it looks as if New York Federal Reserve president Timothy Geithner is set to push a new agenda in the world of central banking that was likely decided upon at Bilderberg. Geithner yesterday, wrote an article in the Financial Times calling for a global regulatory banking framework. In addition, Geithner called for the Federal Reserve to have an instrumental (...)
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The Money System In a Nutshell: How the Rich get Richer and Why We Never Do
By : anonymous - Sunday June 8, 2008
6 comments
Wealth is forever. In case you’ve never thought about it, it’s true, once it’s created it’s forever. All you have to do is hold onto it. That’s something I realized a while back when I started analyzing how our society is set up, and it’s set up to make the rich and powerful more rich and powerful by using us and taking our share of the wealth we create for themselves. It’s about money, that green stuff that strangely doesn’t turn out to be (...)
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Oil, Unemployment Double Whammy Rocks Wall St.
By : Rick Gagliano - Saturday June 7, 2008
1 comment
Originally published at Money Daily Before Friday’s session even began, there was dire news from the Dept. of Labor. With the release of the Non-Farms Payroll data for May - which showed a loss of 49,000 jobs and an increase in the unemployment rate to a ghastly 5.5% - stock futures tanked and when the market opened, the Dow was immediately down 150 points. As the day wore on, further declines in the value of the US dollar and a monstrous spike in the price of oil - up $10.75, to a (...)
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The Great Oil Swindle
By : Mike Whitney - Monday June 2, 2008
The Great Oil Swindle Mike Whitney – Pacific Free Press May 30, 2008 The Commodity Futures and Trading Commission (CFTC) is investigating trading in oil futures to determine whether the surge in prices to record levels is the result of manipulation or fraud. They might want to take a look at wheat, rice and corn futures while they’re at it. The whole thing is a hoax cooked up by the investment banks and hedge funds who are trying to dig their way out of the trillion dollar (...)
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What’s Really Driving The High Price Of Oil? By Ralph Nader
By : Emily - Saturday May 31, 2008
Countercurrents.org 30 May, 2008 What factors are causing the zooming price of crude oil, gasoline and heating products? What is going to be done about it? Photo: J. Pénochet 2004 Don’t rely on the White House—with Bush and Cheney marinated in oil—or the Congress—which has hearings that grill oil executives who know that nothing is going to happen on Capitol Hill either. Last week the price of crude oil reached about $130 a barrel after spiking to $140 briefly. (...)
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The real reason behind high oil prices (F.William Engdahl, Global Research)
By : Joëlle - Monday May 26, 2008
Global Research, May 21, 2008 By F. William Engdahl* As detailed in an earlier article, a conservative calculation is that at least 60% of today’s $128 per barrel price of crude oil comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE Futures and New York NYMEX futures exchanges and uncontrolled inter-bank or Over-The-Counter trading to avoid scrutiny. US margin rules of the government’s Commodity Futures Trading Commission (...)
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Banks turned markets into "monster": German president
By : BERLIN - Wednesday May 14, 2008
1 comment
Banks turned markets into "monster": German president Wed May 14, 2008 5:40am EDT BERLIN (Reuters) - Banks taking on risky investments without adequate risk provision have turned the world’s financial markets into a "monster that must be tamed," German President Horst Koehler said in an interview published on Wednesday. "Capitalism is not just about pulling in profits but above all about being able to handle risk and the financial markets crisis shows that too many players in (...)
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‘Perhaps 60% of today’s oil price is pure speculation’
By : F. William Engdahl - Tuesday May 6, 2008
‘Perhaps 60% of today’s oil price is pure speculation’ By F. William Engdahl Global Research, May 2, 2008 The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds. It has nothing to do with the (...)
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Economic crisis in the United States will have global consequences : be prepared
By : chycho - Saturday April 26, 2008
5 comments
I recently received the following email: “I am having a great deal of frustration trying to convince my Canadian family that our lives are in danger from US economic break down. They are … absorbed in this irrational world and always have faith that our government will assure our safety in time of great disaster. They fail to realize that this is not something that will just take care of itself… I was hoping if you could provide me with or point me to some articles that (...)
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DAZIBAO
I, European citizen, won’t let refugees be rejected in my name
Thursday 10 March
©Olivier Jobard/Myop I, European citizen, won’t let refugees be rejected in my name THE RIGHT TO ASYLUM IS A RIGHT In the phrase « right to asylum », every word matters. Under the law, every person who is persecuted because of his or her political opinions or because of his or her identity, every person that is endangered by violence, war or misery has a RIGHT to seek asylum in another country The aim of this petition is to collect (...)
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Neo-Nazis and far-right protesters in Ukraine 3 live-stream
Friday 24 January
2 comments
The far-right in Ukraine are acting as the vanguard of a protest movement that is being reported as pro-democracy. The situation on the ground is not as simple as pro-EU and trade versus pro-Putin and Russian hegemony in the region. When US Senator John McCain dined with Ukraine’s opposition leaders in December, he shared a table and later a stage with the leader of the extreme far-right Svoboda party Oleh Tyahnybok. This is Oleh Tyahnybok, he has claimed a "Moscow-Jewish mafia" (...)
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Hugo Chavez is dead (video live)
Wednesday 6 March
by : Collective BELLACIAO
1 comment
President Hugo Chavez companeros venezueliano died after a long battle with cancer.
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International initiative to stop the war in Syria Yes to democracy, no to foreign intervention!
Thursday 13 December
Your support here: http://www.peaceinsyria.org/support.php We, the undersigned, who are part of an international civil society increasingly worried about the awful bloodshed of the Syrian people, are supporting a political initiative based on the results of a fact-finding mission which some of our colleagues undertook to Beirut and Damascus in September 2012. This initiative consists in calling for a delegation of highranking personalities and public figures to go to Syria in order to (...)
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THE KU KLUX KLAN ONCE AGAIN CONTROLS INDIANA
Monday 12 November
by : David R. Hoffman, Legal Editor of Pravda.Ru
7 comments
At first glance, the results of America’s 2012 election appear to be a triumph for social, racial, and economic justice and progress in the United States: California voters passed a proposition requiring the rich to shoulder their fair share of the tax burden; Two states, Colorado and Washington, legalized the recreational use of marijuana, while Massachusetts approved the use of marijuana for medical purposes; Washington and two other states, Maine and Maryland, legalized same-sex (...)
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I’VE DECIDED TO "WASTE" MY VOTE
Sunday 28 October
by : David R. Hoffman, Legal Editor of Pravda.Ru
In a 2004 episode of Comedy Central’s animated series South Park, an election was held to determine whether the new mascot for the town’s elementary school would be a “giant douche” or a “turd sandwich.” Confronted with these two equally unpalatable choices, one child, Stan Marsh, refused to vote at all, which resulted in his ostracization and subsequent banishment from the town. Although this satirical vulgarity was intended as a commentary on the two (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART IV
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART III If there is one major inconsistency in life, it is that young people who know little more than family, friends and school are suddenly, at the age of eighteen, supposed to decide what they want to do for the rest of their lives. Unfortunately, because of their limited life experiences, the illusions they have about certain occupations do not always comport to the realities. I discovered this the first time I went to college. About a year into my studies, I (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART III
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART II PART IV Disillusioned with the machinations of so-called “traditional” colleges, I became an adjunct instructor at several “for-profit” colleges. Thanks largely to the power and pervasiveness of the Internet, “for-profit” colleges (hereinafter for-profits) have become a growing phenomenon in America. They have also been the subject of much political debate and the focus of a Frontline special entitled College Inc. Unlike traditional (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART II
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART I PART III PART IV Several years ago, a young lady came into the college where I was teaching to inquire about a full-time instructor’s position in the sociology department. She was advised that only adjunct positions were available. Her response was, “No thanks. Once an adjunct, always an adjunct.” Her words still echo in my mind. Even as colleges and universities raise their tuition costs, they are relying more and more on adjunct instructors. Adjuncts are (...)
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HIGHER EDUCATION IN AMERICA: DREAM OR NIGHTMARE? PART I
Friday 28 September
by : David R. Hoffman, Legal Editor of Pravda.Ru
PART II PART III PART IV When The Bill of Rights was added to the United States Constitution over two hundred years ago, Americans were blessed with many rights considered to be “fundamental.” One conspicuously missing, however, was the right to an education. This was not surprising given the tenor of the times. America was primarily an agrarian culture, and education, especially higher education, was viewed as a privilege reserved for the children of the rich and (...)
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ONE SOLITARY LIFE, PART TWO
Monday 30 July
by : David R. Hoffman, Legal Editor of Pravda.Ru
3 comments
If there is one universal question that haunts all human beings at some point in their lives, it is, “Why do we die?” Death, after all, is the great illogic. It ultimately claims all, the rich and the poor, the mighty and the small, the good and the evil. Death also has the capability to make most human pursuits—such as the quest for wealth, fame and power—vacuous and fleeting. Given this reality, I have often wondered why so many people are still willing to (...)
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HOW MUCH CORRUPTION CAN DEMOCRACY ENDURE?
Thursday 28 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
6 comments
How much corruption can a “democracy” endure before it ceases to be a democracy? If five venal, mendacious, duplicitous, amoral, biased and (dare I say it) satanic Supreme Court “justices”—John Roberts, Samuel Alito, Antonin Scalia, Clarence Thomas and Anthony Kennedy—have their way, America will soon find out. In several previous articles for Pravda.Ru, I have consistently warned how the Supreme Court’s 2010 Citizens United decision is one of the (...)
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DEMOCRACY IN THE HANDS OF IDIOTS, PART TWO
Tuesday 12 June
by : David R. Hoffman, Legal Editor of Pravda.Ru
1 comment
Imagine, if you will, that the United States government passes a law banning advertisers from sponsoring commercials on Rush Limbaugh’s radio show or Rupert Murdoch’s Fox (Faux) “News” Network. On one hand, there would be two decided advantages to this ban: The National IQ would undoubtedly increase several percentage points, and manipulative pseudo-journalists would no longer be able to appeal to the basest instincts in human nature for ratings and profit while (...)
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DEMOCRACY IN THE HANDS OF IDIOTS
Thursday 7 June
by : David R. Hoffman, Pravda.Ru Legal Editor
4 comments
LIVE, from the State that brought you Senator Joseph McCarthy, Wisconsin voters now proudly present, fresh from his recall election victory, Governor Scott Walker! At first glance, it is almost unfathomable that anyone with a modicum of intelligence would have voted to retain Scott Walker as Wisconsin’s governor. This, after all, is a man who openly declared he is trying to destroy the rights of workers through a “divide and conquer” strategy; who received 61% of the (...)
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PEOPLE WITHOUT SOULS
Tuesday 13 March
by : David R. Hoffman, Legal Editor of Pravda.Ru
2 comments
A question I’ve frequently been asked since I began writing for Pravda.Ru in 2003 is, “Why did you become disillusioned with the practice of law?” This question is understandable, particularly since, in most people’s minds, being an attorney is synonymous with wealth and political power. I’ve always been reluctant to answer this question for fear it will discourage conscientious and ethical people from pursuing careers in the legal profession—a (...)
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