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It Can Happen Here: The Banks Deposit Confiscation Scheme Planned for US and UK Depositors

April 1, 2013 in ANON NeWs, Finance, Headline, Occupy, Politics

by Ellen Brown  -  webofdebt.wordpress.com

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that these plans have been long in the making; that they originated with the G20 Financial Stability Board in Basel, Switzerland (discussed earlier here); and that the result will be to deliver clear title to the banks of depositor funds.

New Zealand has a similar directive, discussed in my last article here, indicating that this isn’t just an emergency measure for troubled Eurozone countries. New Zealand’s Voxy reported on March 19th:

The National Government [is] pushing a Cyprus-style solution to bank failure in New Zealand which will see small depositors lose some of their savings to fund big bank bailouts . . . .

Open Bank Resolution (OBR) is Finance Minister Bill English’s favoured option dealing with a major bank failure. If a bank fails under OBR, all depositors will have their savings reduced overnight to fund the bank’s bail out.

Can They Do That? Read the rest of this entry →

Cyprus Impending Economic Collapse Has Moscow On Edge

March 30, 2013 in Finance, Headline, Politics, Video Perspective, World News

Recent events in Cyprus have turned into a widespread public protest as politicians decide how to save the small island nations banking system.  People have truned to the streets and have engaged in general strikes to protest this new and rather scary form of austerity. The measures have frozen anyone from withdrawing more than €100 per day, and will result in the freezing of any deposits greater than €130,000.  The nations banks are in trouble, and seeking a  €13billion bailout from the EU,  in turn they will need to seize a percentage of all the money deposited in the banks so that they are able to secure the bailout immediately.

more news on the topic and specifically as it relates to bitcoin finances here : hongpong.com

A People’s Revolt in Cyprus: Richard Wolff on Protests Against EU Plan to Seize Bank Savings

From democracynow.org

The eyes of the financial world are on the small Mediterranean island of Cyprus today. The government of Cyprus has brokered a last-ditch $13 billion bailout deal with European officials to stave off the collapse of its banking sector. Under the deal, all bank deposits above approximately $130,000 will be frozen and used to help pay off the banking sector’s debts. An earlier version of the deal collapsed last week when Cypriots took to the streets to protest paying a tax of up to 10 percent on their life savings. The plan led to mass demonstrations as well as panicked bank withdrawals as Cypriots rushed to protect their savings. “It’s a demonstration of people power in this little corner of the world that’s very impressive, and the basis, I think, for some optimism about opposition,” says Richard Wolff, economics professor emeritus at University of Massachusetts, Amherst, and visiting professor at New School University. He is the author of several books including, most recently, “Democracy at Work: A Cure for Capitalism.”
Another report on the topic from –  rt.com

Moscow hopes Cyprus won’t need its help

Russia’s Prime Minister Dmitry Medvedev said Moscow needs to study the consequences of the Cyprus bailout deal agreed in Brussels, especially for Russia. Meanwhile Vladimir Putin ordered to restructure the € 2.5 billion Cyprus loan issued in 2011.

We have to figure out what this story turns into in the long run, what the consequences for the international financial and monetary system will be – and thus, for our own interests as well,” Medvedev said in Russia’s first official reaction to the deal agreed over the weekend.

As the EU 10 billion bailout loan has been secured, First Deputy Prime Minister Igor Shuvalov, a close ally of President Vladimir Putin, said “the situation looks like no further help [for Cyprus] from the Russian government will be required.

He added that Moscow will reconsider extending the loan to Cyprus due to be repaid by 2016, after studying the full details of the Brussels package.

On Monday spokesperson Dmitry Peskov said President Putin instructed “the government and the Russian ministry of finance to work with their partners on the issue of restructuring the loan previously issued to Cyprus.Read the rest of this entry →

Noam Chomsky: Can Civilization Survive Capitalism?

March 6, 2013 in ANON NeWs, Finance, Headline, Occupy, Politics

Capitalism as it exists today is radically incompatible with democracy.

By Noam Chomsky  —  alternet.org

 

cityscapeThere is “capitalism” and then there is “really existing capitalism.”

The term “capitalism” is commonly used to refer to the U.S. economic system, with substantial state intervention ranging from subsidies for creative innovation to the “too-big-to-fail” government insurance policy for banks.

The system is highly monopolized, further limiting reliance on the market, and increasingly so: In the past 20 years the share of profits of the 200 largest enterprises has risen sharply, reports scholar Robert W. McChesney in his new book “Digital Disconnect.”

“Capitalism” is a term now commonly used to describe systems in which there are no capitalists: for example, the worker-owned Mondragon conglomerate in the Basque region of Spain, or the worker-owned enterprises expanding in northern Ohio, often with conservative support – both are discussed in important work by the scholar Gar Alperovitz.

Some might even use the term “capitalism” to refer to the industrial democracy advocated by John Dewey, America’s leading social philosopher, in the late 19th century and early 20th century.

Dewey called for workers to be “masters of their own industrial fate” and for all institutions to be brought under public control, including the means of production, exchange, publicity, transportation and communication. Short of this, Dewey argued, politics will remain “the shadow cast on society by big business.”

The truncated democracy that Dewey condemned has been left in tatters in recent years. Now control of government is narrowly concentrated at the peak of the income scale, while the large majority “down below” has been virtually disenfranchised. The current political-economic system is a form of plutocracy, diverging sharply from democracy, if by that concept we mean political arrangements in which policy is significantly influenced by the public will.

There have been serious debates over the years about whether capitalism is compatible with democracy. If we keep to really existing capitalist democracy – RECD for short – the question is effectively answered: They are radically incompatible. Read the rest of this entry →

GLOBAL ELITES THROWN OUT OF ICELAND: Iceland Dismantles Corrupt Gov’t Then Arrests All Rothschild Bankers

June 26, 2012 in ANON NeWs, Finance, Headline, Occupy, Politics, Update, World News

freedumbnation.com

Since the 1900′s the vast majority of the American population has dreamed about saying “NO” to the Unconstitutional, corrupt, Rothschild/Rockefeller banking criminals, but no one has dared to do so. Why? If just half of our Nation, and the “1%”, who pay the majority of the taxes, just said NO MORE! Our Gov’t would literally change over night. Why is it so hard, for some people to understand, that by simply NOT giving your money, to large Corporations, who then send jobs, Intellectual Property, etc. offshore and promote anti-Constitutional rights…

You will accomplish more, than if you used violence. In other words… RESEARCH WHERE YOU ARE SENDING EVERY SINGLE PENNY!!! Is that so hard? The truth of the matter is… No other modern Nation on earth, except the Icelanders, have carried this out successfully. Not only have they been successful, at overthrowing the corrupt Gov’t, they’ve drafted a Constitution, that will stop this from happening ever again. That’s not the best part…

The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country’s economic Chaos and meltdown. What does all this have to do with? The answer… AGENDA 21. If you’re not educated, about Agenda 21, please watch these short videos now: http://www.freedumbnation.com/?p=1130

Last week 9 people were arrested in London and Reykjavik for their possible responsibility for Iceland’s financial collapse in 2008, a deep crisis which developed into an unprecedented public reaction that is changing the country’s direction.

It has been a revolution without weapons in Iceland, the country that hosts the world’s oldest democracy (since 930), and whose citizens have managed to effect change by going on demonstrations and banging pots and pans. Why have the rest of the Western countries not even heard about it? Read the rest of this entry →

Financial Crisis at Hand

June 12, 2012 in ANON NeWs, Editorial, Finance, Headline, Occupy, Politics, Update, World News

By Paul Craig Roberts   —   intrepidreport.com

Ever since the beginning of the financial crisis and quantitative easing, the question has been before us: How can the Federal Reserve maintain zero interest rates for banks and negative real interest rates for savers and bond holders when the US government is adding $1.5 trillion to the national debt every year via its budget deficits? Not long ago the Fed announced that it was going to continue this policy for another 2 or 3 years. Indeed, the Fed is locked into the policy. Without the artificially low interest rates, the debt service on the national debt would be so large that it would raise questions about the US Treasury’s credit rating and the viability of the dollar, and the trillions of dollars in Interest Rate Swaps and other derivatives would come unglued.

In other words, financial deregulation leading to Wall Street’s gambles, the US government’s decision to bail out the banks and to keep them afloat, and the Federal Reserve’s zero interest rate policy have put the economic future of the US and its currency in an untenable and dangerous position. It will not be possible to continue to flood the bond markets with $1.5 trillion in new issues each year when the interest rate on the bonds is less than the rate of inflation. Everyone who purchases a Treasury bond is purchasing a depreciating asset. Moreover, the capital risk of investing in Treasuries is very high. The low interest rate means that the price paid for the bond is very high. A rise in interest rates, which must come sooner or later, will collapse the price of the bonds and inflict capital losses on bondholders, both domestic and foreign.

The question is: when is sooner or later? The purpose of this article is to examine that question. Read the rest of this entry →

Eurozone debt crisis: should investors prepare for a Greek exit?

May 27, 2012 in Finance, Politics, Update, World News

As the euro crisis sends the stock market tumbling, investment experts remain surprisingly upbeat about equities.

By   -  telegraph.co.uk

Investors have been told that Greece leaving the euro will not be a disaster Photo: McWilliams

The chances of Greece exiting the euro intensified last week – so much so that EU leaders were warned to have contingency measures in place.

Such was the demand for safe-haven assets that investors rushed to snap up German bonds that paid a coupon of 0pc. That’s right, investors piled in to buy government bonds that will not deliver a return but are deemed among the eurozone’s safest assets.

Morgan Stanley, the investment bank, published a note on Friday to warn: “We think that the ramifications of a Greek exit are more serious than the market anticipates. While a euro zone break-up is not our base-case scenario, we raise our subjective probability to 35pc from 25pc, and reduce the timescale of this move to 12-18 months from five years.

“We believe that the most likely scenario for a divorce is a Greek exit preceded and followed by strong contagion. There are three main channels for contagion: the sovereign, the banking sector and the political situation. The countries most at risk of material contagion seem to be Italy, Spain, Ireland and Portugal.”

Brian Dennehy, a financial adviser, has already prepared his clients’ portfolios for the FTSE100 plunging to 4,000 by the end of the year. “Our clients have largely been de-risked for many months,” he said. “In practice, this means none tend to have more than 20pc in equities. Although there could be some good news if the FTSE hits these levels, if investors are unprepared the risk is that they panic into selling at precisely the wrong time.”

It has been a tortuous few days – headlines of Armageddon and the death of equities will have caused anxiety among investors. They will be asking themselves whether they should be preparing their portfolios for an exit too. Read the rest of this entry →

Story Of A Street Medic – NATO Protest 2012

May 24, 2012 in ANON NeWs, Documentary, Headline, Occupy, Politics, Update, World News

Stories From A Street Medic Involved In NATO Protests In Chicago, May 2012

all day i’ve wanted to be left alone, yet needed to be around others.

i don’t remember how i ended up at the front of the lines.
the first anti-capitalist march i went on was proof enough that my instinct is to cut away, dart through the crowd, and get to the front as swiftly as possible to deescalate the situation as quickly as possible.
or at least be there to provide any services within the skill-set of an energy mosh-medic.
so i guess i arrived there on auto-pilot.

be aware, i did not panic through all of this.

when they (cpd) first started shoving us back, i felt confused and in danger.
my perception snapped into slow motion.
(though there remain some gaps in my memory of it all)

what i noticed in those first split seconds was the commanding officer stepping forward. walking down the line. assaulting every other protester in passing.
prepping the army. leading by example. Read the rest of this entry →

Emergency fundraiser to bail NATO protesters out of jail

May 24, 2012 in ANON NeWs, Finance, Headline, Occupy, Politics, Update, World News

There are still dozens of people held in jail in Chicago after the NATO protests.  In addition, the police bloodied upwards of 90 people on Sunday, according to the National Lawyers Guild’s Sarah Gelsamino.
For all the great work that the National Lawyers Guild does, raising bail is not something that they can legally do for their clients.  That is up to individuals and organizations not legally representing the imprisoned.

An ad hoc group of CANG8 activists has announced a fundraiser at:

Carey’s Lounge, 2251 W. Devon Avenue,
Sunday night beginning at 8 PM
Suggested donation:  $10 – no one turned away for inability to pay

An account has been set up with Wepay.  To donate, go to:  http://www.wepay.com/donations/nato-arrestee-bail-fund

All funds raised will go directly to those whom the Guild is able to identify as people who, as friends and family members, are trying to raise bail funds for their loved ones.

Home Owners Across Nation Sue All Bank Servicers and Their Offshore Havens

May 8, 2012 in Finance, Headline, Occupy, Politics, Update

occupywallst.org

Home Owners Across the Nation Sue All Bank Servicers and Their Offshore Havens;

Spire Law Officially Announces Filing of Landmark Lawsuit Largest International Money Laundering Network in History Formed During Obama Administration;

U.S. Banks’ Theft of Home Owners’ Money Laundered Through Cayman Islands, Isle of Man and Numerous Offshore-Based Affiliates NEW YORK, NY, Apr 23, 2012 (MARKETWIRE via COMTEX) — In a lawsuit alleged to involve the largest money laundering network in United States history, Spire Law Group, LLP — on behalf of home owners across the Country — has filed a mass tort action in the Supreme Court of New York, County of Kings.

Home owners across the country have sued every major bank servicer and their subsidiaries — formed in countries known as havens for money laundering such as the Cayman Islands, the Isle of Man, Luxembourg and Malaysia — alleging that while the Obama Administration was publicly encouraging loan modifications for home owners, it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law.

The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole hundreds of millions of dollars of home owners’ money during the last decade and then laundered it through offshore companies. Read the rest of this entry →

Anonymous: Revolution 2012

April 13, 2012 in ANON NeWs, Editorial, Occupy, Politics, Video Perspective, World News

Published on Mar 29, 2012 by

The time has come…

 

Police quietly expanding warrantless cell phone tracking

April 13, 2012 in ANON NeWs, Headline, Occupy, Politics

gritsforbreakfast.blogspot.com

The New York Times this weekend had a feature on the dramatic growth in cell-phone tracking by law enforcement based on thousands of pages of documents obtained by the ACLU from local police departments, reporting that:

While cell tracking by local police departments has received some limited public attention in the last few years, the A.C.L.U. documents show that the practice is in much wider use — with far looser safeguards — than officials have previously acknowledged.

The issue has taken on new legal urgency in light of a Supreme Court ruling in January finding that a Global Positioning System tracking device placed on a drug suspect’s car violated his Fourth Amendment rights against unreasonable searches. While the ruling did not directly involve cellphones — many of which also include GPS locators — it raised questions about the standards for cellphone tracking, lawyers say. Read the rest of this entry →

Push to End Too-Big-To-Fail Goes Mainstream

April 3, 2012 in Finance, Headline, Occupy, Politics, Update

Matt Taibbi – rollingstone.com/politics/blogs/taibblog

Wall Street is buzzing about the annual report just put out by the Dallas Federal Reserve. In the paper, Harvey Rosenblum, the head of the Dallas Fed’s research department, bluntly calls for the breakup of Too-Big-To-Fail banks like Bank of America, Chase, and Citigroup.

The government’s bottomless sponsorship of these TBTF institutions, Rosenblum writes, has created a “residue of distrust for government, the banking system, the Fed and capitalism itself.”

The report (PDF), entitled, “Choosing the Road to Prosperity: Why We Must End Too-Big-To-Fail Now,” is written in a surprisingly readable style and is illustrated with reader-friendly cartoons and pictographs. It uses rhetoric that, for the Fed, is extremely candid and colorful, going beyond an arcane analysis of monetary policy to focus on the cultural damage of Too-Big-To-Fail.

“These psychological side-effects of Too-Big-To-Fail can’t be measured, but they’re too important to ignore,” Rosenbaum writes. “People disillusioned with capitalism aren’t as eager to engage in productive activities. They’re likely to approach economic decisions with suspicion and cynicism, shying away from the risk-taking that drives entrepreneurial capitalism.” Read the rest of this entry →

Busted for Busting Out at Bank of America

March 14, 2012 in Finance, Headline, Occupy, Politics

nationofchange.org

“Stripping Protestors In Pink Bras Crashed Bank Of America CEO Brian Moynihan’s Speech,” declared Business Insider on March 8, showing Moynihan’s stern photo with a pink bra playfully dangling in the air beside him.

It’s true, things did get a bit wild at Citi’s Financial Services conference at New York’s Waldorf Astoria when Brian Moynihan got on stage and began flipping through his tedious powerpoint.

While the hotel security was busy watching anti-bank protesters rallying outside, CODEPINK cofounder Jodie Evans, dressed in a hot pink bustier, burst into the conference room. “Bust up Bank of America before it busts up America”, she shouted, before being hauled out by security guards. “As I was saying,” continued a deadpan Moynihan to the laughter of the crowd, returning to the dreary slides that tried to put a rosy spin on this dinosaur of a company whose share price has plummeted while it continues to foreclose on families’ homes and faces tens of billions of dollars in damages from lawsuits over mortgage investments.

Little did Moynihan know that the excitement at what is normally a bankers’ snoozefest had just begun. CODEPINK codirector Rae Abileah and I were already seated in the front of the room. Wearing dark business suits, we did our best to blend into the crowd of stodgy white men in black business suits. Read the rest of this entry →

The Problem Isn’t Growth — The Problem Is Inequality

March 6, 2012 in Finance, Headline, Politics

by Salvatore Babones  –  inequality.org

Commentators still talk about the Great Recession as if we’re still in it.  But according to semi-official statistics from the National Bureau of Economic Research (NBER) the recession ended in June 2009.

In fact, the “official” recession lasted only 19 months.  Over that period, US economic output declined by around 5%.  But the economy has been growing for 32 months now, and has now surpassed its 2008 peak.

In the realonomy where most Americans live it sure doesn’t feel that way.

Why not?  Because while the economy has taken off, the realonomy has been left behind.  Jobs and wages are still below 2008 levels.  Economic growth is feeding into corporate profits and CEO pay, not into ordinary people’s paychecks.

It’s also not going into government budgets — and government is where the money is needed most.  You may feel like you’re struggling, but America’s state and local governments are struggling too.

The obvious solution is for state and local governments to tax the windfall profits and pay that are right now going to the richest people and corporations in America. Read the rest of this entry →

Who is 1 Percent?

March 5, 2012 in Editorial, Finance, Headline, Occupy, Politics

Posted by -   occupyoakland.org

Who is the “1 Percent”?

The new meme cheerfully propagated by the mainstream media (MSM) is the 1-percent-versus-the-99-percent conflict, which fits perfectly into its strategy for maintaining strict political divisions of Left versus Right. This bipartisan strategy is absolutely critical for advancing the agenda of the “1 percent,” which, simply stated, is to own and/or control the world’s natural and economic resources, including land and mineral rights, water sources, food and energy production, transportation, money supply, and most important of all labor.

Glaringly absent from this current meme is a proper definition by the MSM of exactly who composes the 1 percent. This, too, is absolutely essential, because if the 1 percent is actually identified, broad-based consensus is achievable and solutions can begin. Instead, the 1 percent is left to the imaginations of the 99 percent, allowing for a wide variety of culprits responsible for society’s woes, and no possible consensus – hence no solutions, either.

If you pay attention, you’ll find that solutions are never proffered in any of the MSM’s endless dialogue permeating the broadcasts, and rarely in print. The very last thing the 1 percent wants are viable solutions emerging to upset the status quo.

So who is the 1 percent?

The 1 percent can accurately be described as a discrete, highly exclusive group of individuals, cherry-picked from the top echelons of global corporations, including banks and financial institutions; the most influential politicians and bureaucrats, at home and abroad; private- and public-sector union bosses; not-for-profits’ executive leadership, including non-governmental organizations (NGOs), associations, foundations, and churches; and prominent stewards of the most prestigious academia.

Think of the 1 percent as a triad that requires a three-legged collaboration for any one leg to succeed. Leg one comprises global banksters and captains from strategic mega-industries, including finance, food, pharmaceutical/health, energy/utilities, transportation, communications, and military. Also included in this leg are leaders from the largest private unions, foundations, associations, and academia. Leg two comprises the most influential politicians and bureaucrats who control legislative process, implementation, and enforcement. In other words, Congress, executives from government’s largest agencies, and the courts, including judges and attorneys with specific competencies. Bosses from the public-sector unions, NGOs, and publicly financed foundations and associations, as well as academia, are included here. What should also be noted here is the ever-growing influence of foreign governance, specifically the United Nations, World Trade Organization, World Conservation Commission, and the International Atomic Energy Agency, for starters, most of which have treaties/compacts/memorandums of understanding with the United States that not only oblige U.S. taxpayers but constrain our own use of our resources.

Leg three is the highly consolidated, thereby compromised, mainstream media. Read the rest of this entry →

Brazil Launches Full-On Currency Assault on Flagrant Central Bankers

March 4, 2012 in Finance, Headline, Politics, World News

from  -  GoldSilver.com
Brazil’s finance minister, Guido Mantega, the first to admit what many had been thinking about—international currency wars back in 2010—yesterday reiterated Brazil’s commitment to battling other central banks. In this morning’s Financial Times, Mantega once again calls out other central bankers, declaring a “new currency war” to battle the overheating printing presses around the globe.
“Brazil has declared a fresh “currency war” on the US and Europe, extending a tax on foreign borrowings and threatening further capital controls in an effort to protect the country’s struggling manufacturers.” 
CNN News had this to say:
“…Mantega states that an “international currency war” has broken out. While everyone knows that this has been going, Mantega is the first to actually admit it.”   Read the rest of this entry →

Pensions, free travel and medical cards on IMF hitlist

March 4, 2012 in Finance, Headline, Politics, World News

By Thomas Molloy and Charlie Weston  –  independent.ie

Finance Minister Michael Noonan must still save billions in the next three Budgets even if the economy grows as quickly as the Government hopes

Pensions, free travel and medical cards for the over-70s are being targeted for new cuts.

The International Monetary Fund (IMF) now has pensioners in its sights as it believes they have largely escaped the effects of austerity.

The key provider of our bailout cash has told the Government to look at saving money by scrapping some free schemes for the elderly.

It warns that these benefits are wasteful because they benefit rich and poor alike.

Among the schemes are cheap electricity, gas and television licences, plus free travel passes and medical cards.The proposals carry all the more weight because they are in a report that accompanied the IMF’s latest €3.2bn tranche of bailout cash released to the Government this week.

But ministers will blanch at the prospect of sparking another ‘grey revolt’ by cutting any schemes for the country’s 480,000 pensioners. Read the rest of this entry →

13 Million Unemployed : Why Aren’t They a Political Force to be Reckoned With?

March 2, 2012 in Headline, Occupy, Politics

By Jenny Brown  -  alternet.org

Unions are still grappling with how to organize the unemployed, including their own ex-members, into a political force.

Photo Credit: AFP/Getty Images

Wrenching testimonies from laid-off workers are overflowing the internet, crying out from the pages of policy reports, and popping up in commercial media. But unions are still grappling with how to organize the unemployed, including their own ex-members, into a political force.

Department of Labor figures for December showed 13.1 million unemployed and actively looking for work, almost half of them for more than six months. Another 8.1 million were working part-time involuntarily, and 2.5 million were too discouraged to look for work.

Unfortunately, unions don’t do a good job of organizing this vast pool, said Tom Lewandowski, who spent nine years on layoff from GE starting in 1975.

Now, as president of the Northeast Indiana Central Labor Council in Fort Wayne, he’s leading an effort to survey unemployed workers, watchdog the county’s economic development, and demand accountability from the unemployment office for laid-off workers struggling to navigate the system. Read the rest of this entry →

On the News With Thom Hartmann: Dropping BRICs on the International Monetary Fund, and More

February 26, 2012 in Editorial, Finance, Headline, Update, World News

by: Thom Hartmann, The Thom Hartmann Program

In today’s On the News segment: postal workers are getting shafted, Rahm Emanuel’s public school shock doctrine, Virginia’s “personhood” bill defeated, and more.

Thom Hartmann here – on the news…

You need to know this.  A global power shift is occurring underneath all of us.  With the United States economy still struggling through the muck – and the European economy in complete free fall Read the rest of this entry →

The American Century Is Over—Good Riddance

February 26, 2012 in Editorial, Finance, Headline, Politics, World News

By Andrew J. Bacevich

As someone who teaches both history and international relations, I have one foot in each camp. I’m interested in what has already happened. And I’m interested in what will happen next. In my teaching and my writing, I try to locate connecting tissue that links past to present. Among the devices I’ve employed to do that is the concept of an “American Century.”

That evocative phrase entered the American lexicon back in February 1941, the title of an essay appearing in Life magazine under the byline of the publishing mogul Henry Luce. In advancing the case for U.S. entry into World War II, the essay made quite a splash, as Luce intended. Yet the rush of events soon transformed “American Century” into much more than a bit of journalistic ephemera. It became a summons, an aspiration, a claim, a calling, and ultimately the shorthand identifier attached to an entire era. By the time World War II ended in 1945, the United States had indeed ascended—as Luce had forecast and perhaps as fate had intended all along—to a position of global primacy. Here was the American Century made manifest. Read the rest of this entry →

Letting It Come Down

February 25, 2012 in ANON NeWs, Editorial, Finance, Headline, Occupy, Politics, World News

by Brian Littlefair

People talk about collapse like it’s a bad thing. The Department of Homeland Security flags the word collapse itself for surveillance. But collapse makes the world go round. Anyone trained as a technocrat can tell you it’s a simple matter of oscillation, damping and convergence — a spiderweb pattern on a phase diagram, neutral as can be. For anthropologists, it’s a process called cycling. They can make it happen in the simplest of toy worlds, with a tessellation automaton with stochastic conflicts.  In fact, that’s the fun of the old board game Risk.

Catastrophe is just a kind of change, a quick transition to a new equilibrium — and didn’t America recently vote for change? The discontinuity that marks collapse is simply the point at which prevailing fallacies are reduced to absurdity by life. Yeats saw war and British dominion reduced to absurdity, and wrote The Second Coming to make sense of it. It strikes me as a very cheerful poem: the unborn sphinx, a precious little bundle of joy.

Collapse is the obverse of renewal. Gibbon’s magnum opus, The Decline and Fall of the Roman Empire, is equally the story of the rise of Europe in all its centripetal glory. Read the rest of this entry →

Delusions of the Corporate State

February 24, 2012 in Finance, Headline, Occupy, Politics, World News

by: Evaggelos Vallianatos

August 2011 marks 50 years since I left Greece for the United States.

In 1961, in Greece, I was a high school graduate with dreams of becoming a doctor. My beloved physician grandmother Demetra had shown me the way. Now, 50 years later, in the United States, I am not a doctor of medicine, but a doctor of philosophy caught in a time warp.

My American college education was a Renaissance for me, a moment of discovery and self-confidence. In a metaphysical sense, I became Greek in America. However, the moment I left the university looking for a job, I felt I had entered an alien realm. I developed a blurred vision.

The world now is more complicated and dangerous than the world of 1961. Communism is almost gone, but capitalism in America has evolved into a toxic system of poisoning and devouring the earth for profit while, for the Wall Street oligarchy, it is a method of enrichment. In 2008, this oligarchy precipitated one of its periodic national, financial meltdowns in order to reverse progress toward equality and democracy. The Wall Street bankers wrecked the lives of millions of Americans. And yet, the government did not punish the Wall Street bankers. In fact, the government itself is under their sinister influences. Read the rest of this entry →

4 Signs the American Spring May Be Coming to Chicago

February 20, 2012 in ANON NeWs, Finance, Headline, Occupy, Politics, World News

Could the Nato and G8 summits scheduled for May put Chicago at the crossroads of the next global uprising of the 99 percent?

Chicago’s G8/NATO organizing committee has landed on a slogan for the city as it hosts the twin summits this May: “The Global Crossroads.” This is certainly an appropriate moniker for a town built by immigrants, with its neighborhoods still bearing the names of the ethnic enclaves they once were: Ukranian Village, Greektown, Little Italy and Andersonville, to name a few. Recognizing the inherently global character of the Metropolis of the Midwest would be honorable, if that is what the organizers intended. However, when they say “global,” they are invoking the 1 percent sense of the word, as Don Welsh of the city’s Convention and Tourism Bureau makes clear: “To penetrate international markets takes time and money, and this is going to help us showcase to the international markets in a quick way.” It is the global markets that will cross paths as the world’s political and financial elite sets its agenda behind closed doors at McCormick Place.

Read the rest of this entry →

FEMA wants to monitor news coverage of its activities nationwide, 24/7 – WHY?

February 17, 2012 in Headline, Politics

By: Jacob Goodwin

FEMA is planning to award a 100% small business set-aside contract to a media monitoring firm that can monitor, archive and measure all local news in “major Nielsen markets,” all nationally broadcast news and all cable outlets for their news coverage of FEMA activities in the field across the U.S.

“To monitor the effectiveness of public affairs messaging, and respond to critical events, FEMA requires the ability to monitor and retrieve clips and transcripts from network and local television affiliates in a rapid manner upon demand 24/7 through an on-line distribution service,” explains the agency in a solicitation it posted online on Feb. 15.

The monitoring service will be expected to provide “media statistics including the audience exposure and publicity value” for that news coverage, said FEMA’s statement of work. It did not explain what it meant by “publicity value,” not did it indicate whether the selected monitoring firm would be expected to provide a subjective evaluation of the positive or negative nature of individual news reports.

FEMA’s office of external affairs is currently responsible for monitoring news coverage for its Joint Field Offices (JFOs) and its headquarters broadcast operations.

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Calls to break US monopoly on World Bank start as Zoellick steps down

February 17, 2012 in Finance, Headline, Politics, World News

by 

The president of the World Bank has traditionally been an American under an informal agreement dating to the founding of the bank 68 years ago – campaigners want this changed

The old alliance of Europe and America faces a huge row with the rest of the world over the identity of the next head of the World Bank, after president Robert Zoellick said on Wednesday he is to leave his post in June.

While his departure had been widely expected, the news kicks off the process of finding a new leader, who has traditionally been an American under an informal agreement dating to the founding of the bank 68 years ago. Speculation has focused on either US Secretary of State Hillary Clinton – who is also rumoured to have an eye on a run for the White House – or former Treasury secretary Larry Summers as Zoellick’s likely successor. When Dominique Strauss-Kahn was succeeded by his countrywoman Christine Lagarde at the International Monetary Fund last year, it was widely rumoured that America had agreed to let Europe keep its traditional grip on the IMF – in the face of calls for a candidate from an emerging country – as long as France and other European governments backed Clinton as the new boss of the World Bank when the job came up.

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Iran Being Targeted For It’s Banks

February 13, 2012 in Editorial, Finance, Headline, Politics, Update, World News

By Pete Papaherakles

The world's richest family runs the world's banks

Could gaining control of the Central Bank of the Islamic Republic of Iran (CBI) be one of the main reasons that Iran is being targeted by Western and Israeli powers? As tensions are building up for an unthinkable war with Iran, it is worth exploring Iran’s banking system compared to its U.S., British and Israeli counterparts.

Some researchers are pointing out that Iran is one of only three countries left in the world whose central bank is not under Rothschild control. Before 9-11 there were reportedly seven: Afghanistan, Iraq, Sudan, Libya, Cuba, North Korea and Iran. By 2003, however, Afghanistan and Iraq were swallowed up by the Rothschild octopus, and by 2011 Sudan and Libya were also gone. In Libya, a Rothschild bank was established in Benghazi while the country was still at war.

Islam forbids the charging of usury, the practice of charging excessive, unreasonably high, and often illegal interestrates on loans,and that is a major problem for the Rothschild banking system. Until a few hundred years ago usury was also forbidden in the Christian world and was even punishable by death. It was considered exploitation and enslavement.

Since the Rothschilds took over the Bank of England around 1815, they have been expanding their banking control over all the countries of the world. Their method has been to get a country’s corrupt politicians to accept massive loans, which they can never repay, and thus go into debt to the Rothschild banking powers. If a leader refuses to accept the loan, he is oftentimes either ousted or assassinated. And if that fails, invasions can follow, and a Rothschild usury-based bank is established.

The Rothschilds exert powerful influence over the world’s major news agencies. By repetition, the masses are duped into believing horror stories about evil villains. The Rothschilds control the Bank of England, the Federal Reserve, the European Central Bank, the IMF, the World Bank and the Bank of International Settlements. Also they own most of the gold in the world as well as the London Gold Exchange, which sets the price of gold every day. It is said the family owns over half the wealth of the planet—estimated by Credit Suisse to be $231 trillion—and is controlled by Evelyn Rothschild, the current head of the family.

Objective researchers contend that Iran is not being demonized because they are a nuclear threat, just as the Taliban, Iraq’s Saddam Hussein and Libya’s Muammar Qadaffi were not a threat.

What then is the real reason? Is it the trillions to be made in oil profits, or the trillions in war profits? Is it to bankrupt the U.S. economy, or is it to start World War III? Is it to destroy Israel’s enemies, or to destroy the Iranian central bank so that no one is left to defy Rothschild’s money racket?

It might be any one of those reasons or, worse—it might be all of them.
——
Pete Papaherakles, a U.S. citizen since 1986, was born in Greece. He is AFP’s outreach director.

from  –  americanfreepress.net

My Journey from Iraq to Working on Wall Street to Occupy Wall Street

February 12, 2012 in Editorial, Headline, Occupy, Politics, World News

By Derek McGee

Photo Credit: edenpictures on Flickr

In late September 2001, I was living in a tent in Lower Manhattan with the 2nd Battalion, 25th Marines, a reserve unit just outside the city. We were occupying Battery Park, which at the time served as the National Guard’s headquarters. “Guarding the guard,” we called it.

The two weeks I spent there were profoundly affecting. There I was, at the center of the world, watching America at its finest, showing at once nearly impossible perseverance and limitless compassion. Generosity sprouted everywhere throughout New York City; people gave out food, shoe inserts, massages, coffee, flowers, hugs, kind words and anything you needed. I told someone I liked Red Bull, and hours later he came to my tent, dragging a handcart with eight cases of the stuff. I would slip one under each of the other marines’ pillows while they slept, and when we woke up for guard duty I would say the Red Bull fairy had come.

Exploring the city on my one afternoon off, I stumbled upon the Wall Street Bull. The smooth metal sculpture is stunning, always on the verge of some wild movement—a lunge or a charge, at the least, a bellow with a head toss. Too tarnished to be gold, too big to be a calf, it’s revered nonetheless. I would come fairly close to worshiping it myself years later. But for now, I just had my picture taken on top of it. From where I stood, the whole world seemed to feel empathy. It was one of the only times in my life that I felt like I was exactly where I needed to be.

Another time was when I was living under a bridge along the Euphrates River. A nearly ceaseless convoy rolled overhead. I wasn’t particularly keen on the invasion of Iraq, but if we had to have one, I knew I needed to be there with my fellow marines. A Subaru filled with reporters pulled up and offered us cigarettes to hasten our search of their car. “They’re just outside Baghdad,” they told us. The whole world is watching, I thought.

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Banks Walk, Dept. of Justice Makes Excuses

February 9, 2012 in Uncategorized

By the end of the S&L crisis, vast financial fraud had devastated the real estate market, contributed to the early-90′s recession, and banks have cost the US taxpayer $124 billion. Bad as this was, at least a reckoning was made: thousands of bank executives were prosecuted, and more than 1,000 went to jail.

This time around, vast financial fraud has wrecked the entire world’s economy, put millions of people out of work, and cost trillions of dollars. And how many banks execs have gone to jail?

Zero.

Gee, why not? The Wall Street Journal today lists the excuses explanations:

Since the financial crisis erupted in 2008, many legal experts have said the U.S. government faced an uphill battle in prosecuting financial-industry executives. Criminal intent is especially hard to prove in complex financial cases, because prosecutors must convince jurors, beyond a reasonable doubt, that a fraud was intentional.

Some financial executives have said it is unfair to punish them for what is nothing more than their failure to predict the financial crisis. Many legal experts have said much of the most controversial behavior likely was a product of poor judgment, not criminal wrongdoing.

Uh-huh. But maybe there’s a simpler explanation,  maybe banks aren’t all bad…:

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Why Is Global Shipping Slowing Down So Dramatically?

February 9, 2012 in Finance, Headline, Politics, World News

If the global economy is not heading for a recession, then why is global shipping slowing down so dramatically?  Many economists believe that measures of global shipping such as the Baltic Dry Index are leading economic indicators.  In other words, they change before the overall economic picture changes.  For example, back in early 2008 the Baltic Dry Indexbegan falling dramatically.  There were those that warned that such a rapid decline in the Baltic Dry Index meant that a significant recession was coming, and it turned out that they were right.  Well, the Baltic Dry Index is falling very rapidly once again.  In fact, on February 3rd the Baltic Dry Index reached a low that had not been seen since August 1986.  Some economists say that there are unique reasons for this (there are too many ships, etc.), but when you add this to all of the other indicators that Europe is heading into a recession, a very frightening picture emerges.  We appear to be staring a global economic slowdown right in the face, and we all need to start getting prepared for that.

If you don’t read about economics much, you might not know what the Baltic Dry Index actually is.

Investopedia defines the Baltic Dry Index this way….

A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea.

When the global economy is booming, the demand for shipping tends to go up.  When the global economy is slowing down, the demand for shipping tends to decline.

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On the rocks: Greece may sink with all hands

February 6, 2012 in Finance, Headline, Politics, World News

By Richard Cottrell   –   endthelie.com

The Greek ship of state is close to the rocks, like the Italian mega-vessel Concordia which ripped itself apart on a sharp reef just over two weeks ago.

The captain apparently jumped ship instead of going down with it. We may shortly witness a repeat political performance in Greece, where the government demonstrates every sign of imminently capsizing.

For sure there is certainly no “concord” in the fractious Greek coalition headed by the Bilderberg/Trilateralist/EU regent Lukas Papademos.

Despite the endless predictions of agreements tomorrow, the day after, and the endlessly postponed “soon,” it is clearer by the hour that there is unlikely to be any binding deal on draconian austerity measures intended to precede the fabled €130 billion bailout.

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