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OBAMA’S EMPTY WORDS ON AMERICA - TIME FOR AMERICA TO SHUT-UP & ROLL-UP ITS SLEEVES - BUT IT WON’T HAPPEN
By : JOHN CHUCKMAN - Sunday January 30, 2011
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OBAMA’S SADLY EMPTY WORDS ABOUT AMERICA - IT’S TIME FOR AMERICA TO SHUT-UP AND ROLL-UP ITS SLEEVES - BUT THAT WILL NEVER HAPPEN Competitiveness and innovation are never affected by government exhortations, nor indeed are they affected by any other exhortations, including those of business schools or “inspirational” speakers. They come from the underlying real economic and financial conditions of a country and of the world in which it functions. One can only look (...)
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France joins Ireland in ‘raiding national pension fund’
By : Max Julius - Tuesday November 30, 2010
France has reportedly passed a law to use the assets in its €36 billion national reserve pension fund to pay off welfare system debts, as Ireland tapped its own reserve pension fund to supplement an EU-IMF bailout. The assets of the French pension fund, the Fonds de réserve pour les retraites, have been moved into the agency in charge of refinancing the country’s social debt, Cades, Financial News reported. According to the newspaper, the fund will continue to control the (...)
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Ireland must find €17.5bn from its pension fund and reserves for bailout
By : Ian Traynor Henry McDonald Jill Treanor - Tuesday November 30, 2010
Contribution demanded at meeting of eurozone ministers as proposals to shore up euro also outlined EU ministers tonight spelt out the terms of Ireland’s €85bn international financial rescue package, and revealed the Dublin government will have to raid its national pension fund and other cash reserves for €17.5bn as a condition of the deal to bail out its banks and debt-laden economy. The unexpected contribution from Ireland was demanded at a hastily arranged meeting of (...)
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Financial News: France Seizes EUR36 Billion Of Pension Assets
By : George Coats - Tuesday November 30, 2010
Asset managers will have the chance to get billions of euros in mandates in the next few months for the EUR36 billion Fonds de R??serve pour les Retraites (FRR), the French reserve pension fund, after the French parliament last week passed a law to use its assets to pay off the debts of France’s welfare system. The assets have been transferred into the state’s social debt sinking fund Cades. The FRR will continue to control the assets, but as a third-party manager on behalf of (...)
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Another Great Day for Democracy
By : David Glenn Cox - Friday October 22, 2010
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By David Glenn Cox There is good journalism and then there is bad journalism and then there is reprehensible journalism. The reprehensible journalist is akin to the kid whose parents worked two jobs so he could attend the Julliard school of music. Only to graduate and take a job with Muszak rewriting Black Sabbath songs to be used as elevator music with a Paul Anka impersonator singing, “I am Iron Man.” It is reprehensible not just because it is bad, but because the (...)
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Gold: On the Edge with Jim Willie & Max Kaiser
By : Jim Willie & Max Kaiser - Monday September 20, 2010

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GEAB N°47: Welcome to the United States of Austerity
By : LEAP/E2020 - Sunday September 19, 2010
GEAB N°47 is available! The Global systemic crisis – Spring 2011: Welcome to the United States of Austerity / Towards a very serious breakdown of the world economic and financial system Public announcement GEAB N°47 (September 16, 2010) - As anticipated by LEAP/E2020 last February in the GEAB No. 42, the second half of 2010 is really characterized by a sudden worsening of the crisis marked by the end of the illusion of recovery maintained by Western leaders (1) and the thousands of (...)
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The Big Bang Leads to the Big Whimper (aka: Basel III)
By : Bill Black - Wednesday September 15, 2010
The Big Bang Leads to the Big Whimper (aka: Basel III) Mittwoch, 15. September 2010 05:23 von Bill Black The following essay appeared first on Benzinga, a financial website in the U.S.A., where Bill Black publishes a column covering regulation. Black is the author of The Best Way to Rob a Bank Is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. His academic articles, congressional testimony, and musings about the financial crisis can be (...)
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Ultimately, Don Quixote will Triumph
By : Lars Schall - Tuesday September 14, 2010
Ultimately, Don Quixote will Triumph Sonntag, 12. September 2010 22:23 von Lars Schall Bill Murphy, the chairman of the Gold Anti-Trust Action Committee, gave chaostheorien.de an exclusive interview, in which he stressed the importance of a clear understanding of the gold market. Moreover, he explained why central banks can’t prevent the gold price from rising anymore, and said: “The Gold Cartel have been winning battles in the last ten years, but they’re losing the (...)
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So Many Suckers So Few Bridges
By : David Glenn Cox - Friday September 10, 2010
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By David Glenn Cox I sometimes don’t know who I am anymore. As I was walking to the library and I saw a younger man in a business suit buying gas. I thought to myself, “I used to be him.” He looked well dressed but not prosperous driving a company car and a little unsure of the neighborhood and it made me smile. Then I saw a guy in his twenties shaggy haired pulling out of some apartments and he looked as if he was trying to shake off last night’s buzz or maybe (...)
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AMERICA HAS A STRUCTURAL PROBLEM
By : Gordon T Long - Thursday September 9, 2010
AMERICA HAS A STRUCTURAL PROBLEM Submitted by Gordon T Long on Wed, 8 Sep 2010 Obama’s Economic Advisors have failed him! It’s a STRUCTURAL problem not a CYCLICAL problem! It’s a DEMAND problem not a SUPPLY problem! I gave President Barrack Obama six months to roll-out his doomed Keynesian policies, twelve months to discover they were flawed and eighteen months to realize that the solution to America’s problems must lie within a different economic framework. I (...)
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On Creators of Currency and the Sovereign Debt Crisis
By : EDWARD HARRISON - Thursday September 9, 2010
On Creators of Currency and the Sovereign Debt Crisis ECONOMICS | EDWARD HARRISON | SEPTEMBER 7, 2010 11:30 PM When people talk about the recent sovereign debt crisis they make a lot of sweeping statements about debt and currency which allow them to make false analogies. This does us all a disservice because it creates a false impression about the nature of constraints which government faces in dealing with the credit crisis. The reality is that different sovereigns face very different (...)
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What collapsing empire looks like
By : GLENN GREENWALD - Thursday September 9, 2010
What collapsing empire looks like BY GLENN GREENWALD As we enter our ninth year of the War in Afghanistan with an escalated force, and continue to occupy Iraq indefinitely, and feed an endlessly growing Surveillance State, reports are emerging of the Deficit Commission hard at work planning how to cut Social Security, Medicare, and now even to freeze military pay. But a new New York Times article today illustrates as vividly as anything else what a collapsing empire looks like, as it (...)
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Moody’s Downgrades A Village In New York As America Retains Its AAA Rating
By : Tyler Durden - Wednesday September 8, 2010
Moody’s Downgrades A Village In New York As America Retains Its AAA Rating Submitted by Tyler Durden on 09/08/2010 New York State Rating Agency ratings recovery Tax Revenue Ever wonder how Moody’s keeps itself busy in all the free time it has when it is not focusing on how to break the news that the US is really a B-rated credit? Here it is: the rating agency is now focusing on the ratings of villages (in this case the Village of Johnson City) with $8.1 million in debt and (...)
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A Chronicle of America’s Very Great Depression
By : GEAB N°14: LEAP - Wednesday September 8, 2010
A Chronicle of America’s Very Great Depression – Two growing trends: A historical reversal of global financial balances / An implosion of the US society Excerpt GEAB N°14 (April 16, 2007) - America’s 2007 Very Great Depression has indeed begun; and represents the US dimension of the phase of impact of the global systemic crisis LEAP/E2020 anticipated early 2006, knowing that the US are the central pillar of the global order created after 1945. The structural weakening (...)
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GOLD ENTERING A VIRTUOUS CIRCLE
By : Egon von Greyerz - GoldSwitzerland.com - Tuesday September 7, 2010
GOLD ENTERING A VIRTUOUS CIRCLE Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999. It is a fact that gold in US dollars (and many other currencies) has gone up 400% in eleven years or 16% per annum annualised. It is a fact that the US dollar has declined 80% in value against gold since 1999. It is a fact that the dollar and most other (...)
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"We Don’t Need Central Banks"
By : Lars Schall - Tuesday September 7, 2010
"We Don’t Need Central Banks" Samstag, 15. Mai 2010 10:23 von Lars Schall J.S. Kim, founder of the investment consulting firm SmartKnowledgeU, gives in an exclusive interview for chaostheorien.de his take on the deflation-inflation debate, talks about the Plunge Protection Team and reasons why it is important to understand that “there are no free-markets.” J.S. Kim graduated from the University of Pennsylvania in 1990 (in Neurobiology) and earned a double master degree (...)
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America: a walking dead-zombie country
By : Lars Schall - Tuesday September 7, 2010
America: a walking dead-zombie country Freitag, 20. August 2010 00:23 von Lars Schall The high-profile financial pundit Max Keiser doesn’t shy away from crystal-clear, unmistakable statements. The following exclusive interview is no exception. Mr. Keiser sees an attack exercised against the majority of people in the U.S., sets out why gold is in no bubble at all, points at a remarkable move by the Harvard University, and has an advice to some US-American billionaires disguised as (...)
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Why The Fourth Branch Of The US Government Needs 2 Be Abolished & Why "Authority" Should Never Be Trusted
By : Tyler Durden - Tuesday September 7, 2010
Why The Fourth Branch Of The US Government Needs To Be Abolished, And Why "Authority" Should Never Be Trusted Submitted by Tyler Durden on 09/05/2010 10:01 -0500 Ben Bernanke Central Banks Christina Romer Council Of Economic Advisors Excess Reserves Federal Reserve Lehman Market Crash Monetary Policy President Obama Purchasing Power Quantitative Easing Reality Recession recovery Reserve Currency Stagflation University of California White House Yesterday we presented Dylan Grice’s (...)
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Is the US becoming a Third World Country?
By : Press TV - Tuesday September 7, 2010
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Is the US becoming a Third World Country? Global Research, September 6, 2010 Press TV During recent years, the gap between the rich and poor has increased at a staggering pace, systematically wiping the existence of the middle class from America.The United States is on the brink of sliding down to a Third World country, as it struggles with massive debts, rising unemployment and a deteriorating economy. Some of the warning signs that indicate America’s fantastic fall from a First (...)
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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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