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Economy-budget
The U.S. Monetary System and Descent into Fascism An Interview with Dr. Edwin Vieira
By : David Galland - Friday June 24, 2011
The U.S. Monetary System and Descent into Fascism An Interview with Dr. Edwin Vieira David Galland, Managing Director, June 23, 2011 3:53pm GMT The following interview with Dr. Vieira was conducted in early June of 2011 for the subscribers of The Casey Report – but after careful consideration, we decided that the content is so important; it needs to be shared with a wider audience. Feel free to pass it along. Edwin Vieira, Jr., holds four degrees from Harvard: A.B. (Harvard (...)
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USA’s entry into the austerity phase: The sequence of US social and political crises for next ten years
By : LEAP GEAB N°47 - Friday June 24, 2011
USA’s entry into the austerity phase: The sequence of US social and political crises for the next ten years Excerpt GEAB N°47 (September 16, 2010) - As previously mentioned, entry of the United States into the austerity phase is caused by two sets of factors: some internal, specific to the United States, others linked to rapidly changing international conditions. Regarding internal factors, it is clear that the deficit issue becomes one of the central themes of US political debate (...)
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U.S. Investors Overexposed to U.S. Dollar Risk?
By : Merkfunds - Friday June 24, 2011
U.S. Investors Overexposed to U.S. Dollar Risk? Merkfunds, 21/06/2011 This white paper analyzes the extent to which U.S. investors, on aggregate, are inherently exposed to the currency risk of the U.S. dollar via their financial asset holdings. We first outline recent trends in the value of the U.S. dollar, showing that the currency has experienced significant deterioration in value, and highlight developments that may continue to underpin ongoing weakness in the currency. Next, we (...)
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Trades reveal China shift from dollar
By : Jamil Anderlini - Tuesday June 21, 2011
Trades reveal China shift from dollar By Jamil Anderlini in Beijing and Tracy Alloway in London Published: June 20 2011 20:07 China began diversifying away from the US dollar in earnest in the first four months of this year, most likely by buying far more European government debt than US dollar assets, according to estimates from Standard Chartered Bank. Continue to read: (...)
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China Calls Our Bluff: The U.S. is Insolvent and Faces Bankruptcy as a Pure Debtor Nation
Monday June 20, 2011
China Calls Our Bluff: The U.S. is Insolvent and Faces Bankruptcy as a Pure Debtor Nation by Washington’s Blog America’s biggest creditor - China - has called our bluff. As the Financial Times notes, the head of China’s biggest credit rating agency has said America is insolvent and that U.S. credit ratings are a joke: The head of China’s largest credit rating agency has slammed his western counterparts for causing the global financial crisis and said that as (...)
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World Debt is Unpayable, The Only Solution is Monetary Collapse
By : Bob Chapman - Monday June 20, 2011
World Debt is Unpayable, The Only Solution is Monetary Collapse by Bob Chapman Global Research, June 20, 2011 International Forecaster - 2011-06-18 As far as we can discern the US Treasury thus far has spent and borrowed about $100 billion from the federal pension accounts. Unless there is a vote on the cash debt extension prior to August 2nd, government will probably have borrowed some $250 billion to $300 billion. The Treasury is paying virtually no interest on this debt. Three-month (...)
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The Greatest Depression Has Only Begun
By : Global Research - Monday June 20, 2011
The Greatest Depression Has Only Begun Global Research, July 2, 2011 2011-06-02 The greatest depression in human history is still in its starting stages. What the media and many officials often refer to as the "hangover" from the global financial crisis is in fact the end of the beginning. Originating in 2008, the global economic crisis took the world by storm: banks collapsed, the "too big to fail" became bigger by consolidating the rest, governments bailed out their financial (...)
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The United States Is Already Dead, and Just Doesn’t Know It
By : Joseph George Caldwell - Monday June 20, 2011
The United States Is Already Dead, and Just Doesn’t Know It The Late Great United States: The Decline and Fall of the United States of America By Joseph George Caldwell Revised 17 December 2008 Max: You know, one thing I can’t figure out is whether these girls are real smart or just real, real lucky. Hal: You know, Max, brains will only get you so far, and luck always runs out. Thelma and Louise (A Ridley Scott film, 1991, MGM United Artists) The United States Is Already (...)
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China ratings house says US defaulting
Monday June 20, 2011
China ratings house says US defaulting: report A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order. "In our opinion, the United States has already been defaulting," Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying. Washington had already defaulted on (...)
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Last warning before the Autumn 2011 shock, when $15 trillion of financial assets go up in smoke
By : LEAP 2020 - Monday June 20, 2011
Global systemic crisis – Last warning before the Autumn 2011 shock, when $15 trillion of financial assets go up in smoke Public announcement GEAB N°56-Special Summer 2011 (June 16, 2011) - On December 15, 2010, in the GEAB N°50, LEAP/E2020 anticipated the explosion of Western government debt (1) in the second half of 2011. We were then describing a process that would start with the European government debt crisis and then set fire to the heart of the global financial system, namely (...)
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China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings
By : Tyler Durden - Monday April 25, 2011
China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings Submitted by Tyler Durden on 04/24/2011 11:05 -0400 Hyperinflation Monetary Policy All those who were hoping global stock markets would surge tomorrow based on a ridiculous rumor that China would revalue the CNY by 10% will have to wait. Instead, China has decided to serve the world another surprise. Following last week’s announcement by PBoC Governor Zhou (Where’s Waldo) Xiaochuan that the country’s (...)
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Autumn 2011 – Budget/T-Bonds/Dollar, the three US crises which will cause the Very Serious Breakdown
By : GEAB N°54 - Sunday April 24, 2011
GEAB N°54 is available! Global systemic crisis: Autumn 2011 – Budget/T-Bonds/Dollar, the three US crises which will cause the Very Serious Breakdown of the global economic, financial and monetary system Public announcement GEAB N°54 (April 16, 2011) - The 15 September 2010, GEAB N°47 issue was headed « Spring 2011: Welcome to the United States of Austerity / Towards the very serious breakdown of the world economic and financial system ». Yet at the end of summer 2010, most experts (...)
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U.S. in 2012: Food Riots, Tax Rebellions
By : Gerald Celente - Saturday April 23, 2011
2 comments
Gerald Celente Predicts, Food Riots, Tax Rebellions Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts. http://www.lewrockwell.com/celente/...
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Gulf Coast Officials Enjoy Spending Spree at BP’s Expense
By : Insurance Journal - Sunday April 17, 2011
In the year since the Gulf oil spill, officials along the coast have gone on a spending spree with BP money, dropping tens of millions of dollars on gadgets, vehicles and gear — much of which had little to do with the cleanup, an Associated Press investigation shows. The oil giant opened its checkbook while the crisis was still unfolding last spring and poured hundreds of millions of dollars into Gulf Coast communities with few strings attached. By Michael Kunzelman, Mike Schneider, (...)
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BRICS Meeting in Sanya (China): Local currencies to replace dollar
Thursday April 14, 2011
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BRICS Meeting in Sanya (China): Local currencies to replace dollar Sanya (China), April 14 (IANS) Brazil, Russia, India, China and South Africa – the BRICS group of fastest growing economies – Thursday signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other. The agreement, the first-of-its-kind, was signed at the 3rd BRICS summit here attended by Indian Prime Minister Manmohan Singh, China’s Hu (...)
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End of 2011: Fall of the “Petro-dollar wall” and a major monetary-oil shock for the United States
By : LEAP - Saturday March 5, 2011
Public announcement GEAB N°52 (February 16, 2011) With this issue our team is celebrating two important anniversaries in anticipation terms. Exactly five years ago, in February 2006, the GEAB N°2 suddenly encountered worldwide success by announcing the next "Triggering of a major global crisis" characterized especially by "The end of the West as we have known it since 1945”. And exactly two years ago, in February 2009, in the GEAB N°32, LEAP/E2020 anticipated the start of global (...)
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On Charles Ponzi Day We Celebrate Another All Time Record In Food Stamp Usage
By : John Lohman - Friday March 4, 2011
Bernanke’s plan to recreate Libya in our own back yard is continuing to work magnificently. It is no surprise that on Charles Ponzi day, the update to food stamp usage indicates that in December those receiving an average of $134 per month has just hit 44.1 million people. These lucky people will soon be able to buy an inflation adjusted 2.3 crumbs of notional bread with this generous handout from the Chairsatan. In other words, America is now the land of the free, home of the (...)
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Nuclear waste wasting billions of German taxpayers’ euros
By : Diet Simon - Thursday March 3, 2011
A cash-strapped German state will fork out billions of taxpayers’ euros to deal with nuclear waste produced by an industry two out of three Germans want axed. And it won’t even be for permanent disposal, because worldwide there’s no safe technology for that. For years, anti-nuclear activists have demanded to no avail that the nuclear power industry fund the waste handling problem. One group, the Bürgerinitiative Umweltschutz Lüchow-Dannenberg, which has fought waste (...)
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Egypt’s Social Crisis: Financial Bonanza for Wall Street Investors and Speculators
Sunday February 6, 2011
Egypt’s Social Crisis: Financial Bonanza for Wall Street Investors and Speculators Hidden Agenda behind Mubarak’s Decision Not to Resign? by Michel Chossudovsky Global Research, February 6, 2011 Mubarak’s decision not to resign was taken in close consultation with Washington. The US administration including US intelligence had carefully identified the possible scenarios. If Washington had instructed Mubarak to step down, he would have obeyed forthright. His decision (...)
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The first half of the decade marked primarily by world geopolitical dislocation
By : LEAP 2020 - Saturday February 5, 2011
The first half of the decade marked primarily by world geopolitical dislocation Except book "World crisis - The Path to the World Afterwards" by Franck BIancheri, Director of Studies at LEAP and GEAB coordinator - The crisis, because it wasn’t anticipated by world leaders, is advancing at its own speed. In 2009 the financial efforts, without historical precedent, of the United States, Europe, China, Japan and other countries have allowed only two things to happen: to anesthetize (...)
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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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