contributions

Ever heard of the wolf in sheep clothing? Bill Gross, manager of the world’s largest bond mutual fund, sums it up like this: it is ’Frankensteinian’ levered body of shadow banks promoting a chain letter, pyramid scheme of leverage’ in his January newsletter...
The Transparency Black Hole And The bailout Game_
Last January the Davos elites (’they’) gathered again to discuss the possible options as the world economy and the fabric of societies deteriorates to a point of no return. The (…)

The basis of all modern slavery is economics of money supply and control. All problems today in terms of war / employment / tax structure / and human suffering according to resource cost and control emminate from the world wide and especially in the USA private control of the money supply and it’s illegal regulation as a private corporation not operating under direct congressional control.
In fact the US constitution in section 8 states that congress (only), not a agent, sub contractor, or (…)

(This is Part 6 of "The Logical Reconstruction of Reality." Parts 1-5 are at http://www.mdmorrissey.info/title )
I want to elaborate somewhat on the idea of transparent conspiracy (see part 3), lest the idea seem too big to chew. It is chewable, but it takes a little work. Even though I have been chewing on it for some time, I am only now arriving at the conclusion, as I pointed out in part 4, that the theory is correct.
First of all, let’s give it a name that will itself be (…)

Fed Cuts Discount Rate, Expands Loans to Avert Crisis
By Scott Lanman and Craig Torres
March 17 (Bloomberg) — The Federal Reserve, struggling to prevent a meltdown in financial markets, cut the rate on direct loans to banks and became lender of last resort to the biggest dealers in U.S. government bonds.
In its first weekend emergency action in almost three decades, the central bank lowered the so-called discount rate by a quarter of a percentage point to 3.25 percent. The Fed also (…)

Argentina, Brazil to drop U.S. dollar in bilateral commercial transactions
www.chinaview.cn 2008-03-16 14:03:09
BUENOS AIRES, March 15 (Xinhua) — Argentina and Brazil are to scrap bilateral commercial transactions in U.S. dollars and start using their own currencies from August, an official in charge of currency settlement at the Argentine Central Bank said here Saturday.
The new payment system is aimed at reducing costs in commercial transactions and would benefit small and (…)

This Saturday sees a large anti-war march in central London, with the Stop The War Coalition marking five years since the largest demonstration in British history - against invading Iraq.
Below is Class War’s open letter to the STWC leadership:
Five Years On - Why Are We Still Marching
IF MARCHING CHANGED ANYTHING THEY’D ABOLISH IT
Back in 2003 the Stop the War Coalition had two tactics to prevent war in Iraq: marching from A to B and then going home, and marching from B to A and (…)

Wall Street fears for next Great Depression
By Margareta Pagano, Business Editor Sunday, 16 March 2008
Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn (£150bn) was wiped off the US equity markets on Friday following the emergency funding package put together by the Federal Reserve and JPMorgan Chase to rescue Bear Stearns.
One UK economist warned that the world is now close to a 1930s-like Great Depression, while New York traders said (…)

House seeks debt limit increase to $10.2 trillion
Fri Mar 14, 2008 6:45pm EDT
WASHINGTON (Reuters) - The government’s debt limit would be raised to $10.2 trillion under a budget plan for next year approved by the U.S. House of Representatives.
The House’s fiscal 2009 budget, which passed on Thursday, would increase U.S. borrowing authority by $385 billion from the current limit of $9.815 trillion, according to the House Budget Committee.
The Senate on Friday passed its own version of (…)

By William Blum
Read this or George W. Bush will be president the rest of your life
How could they have known? It wasn’t on Oprah or Fox News.
Hillary Clinton and many other members of Congress claim that their support of the invasion of Iraq was based on faulty intelligence reports. How could they dispute the research and analysis of all those experts, so well trained and experienced in their fields?
Well, apart from the fact that American intelligence agencies and their reports (…)

Venezuela requires Euros for some oil contracts
Fri Mar 14, 2008 1:30pm EDT
CARACAS, March 14 (Reuters) - Venezuela is requiring payments in euros on some contracts for crude, oil product and spot sales, Energy Minister Rafael Ramirez told Reuters on Friday.
The move to have some of its contracts in euros is a sign OPEC-member Venezuela could be easing away from the plummeting dollar — the standard currency for the oil industry.
The South American producer had no set target for the (…)