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  Irresponsible currency printing certain to annihilate greenback posted by nano, 2008-10-25 01:37:43
The REAL value of the greenback is not reflected in the currency markets at present. The international community continues to support US toilet paper money only for fear of additional economic disruption; nevertheless, they will soon be forced to dump their worthless currency reserves lest they too be caught ‘short footed’ as some well-known banks that failed to dump their toxic credit ‘products’ have demonstrated! (full story and 3 comments)
social/political / international
 Oz financial Institutions freeze run on redemptions posted by peptide, 2008-10-23 09:44:16
Australian financial institutions give clearest indication yet that YOUR money/investments are beyond your control! Perhaps a gun to the head of a few directors and executives may clarify matters of ownership! (full story)
social/political / international
 Not so stupid! posted by dingo, 2008-10-22 11:18:47
The now 100% divorced from reality U.S. president Bush, recently spoke with Russian, Chinese and Indian leaders in the hope he could marshal support for the financial crisis he and his ‘have mores’ created! Are you serious, you vacuum-headed retard? (full story and 2 comments)
social/political / international
The Disease and the Cure – a practical strategy posted by Ed., 2008-10-22 08:18:49
The articles that follow were written two and three years ago respectively; the first has proven to be an extremely accurate analysis and forecast; the second provides a simple but highly effective strategy for empowering the public and demonstrating that the most effective force for restoring social and economic balance/harmony is the people.
The people are lions raised as sheep; in times of crisis little effort is required to awaken and release the innate power of the masses. Historically, the people have always restored social equity and equilibrium. Robber barons, bankers and corporate racketeers beware! (full story)
social/political / international
 A Vagabond’s Lament posted by quill, 2008-10-21 10:42:25
Poetry for wanderers .. (full story)
prose/poetry / international
How the Banksters are Making a Killing Off the Bailout posted by Pam Martens via fleet, 2008-10-21 09:26:29
In 1897, when 8-year old Virginia O’Hanlon posed her Santa Claus query to the New York Sun, she received a heart-warming editorial response reassuring her that “He exists as certainly as love and generosity and devotion exist….” Today, we hand our 8 year olds a $13 trillion national debt while our Congress hands Wall Street banksters the national purse without so much as a hearing to determine the cause of the debt collapse. Worse still, the money is doled out to the very same individuals who leveraged their institutions to casino status. (full story)
injustice/law / international
Criminals at the top: It’s high time for accountability posted by finn, 2008-10-21 01:44:22
In view of recent socio-economic and political history the title hardly requires elaboration. Nevertheless, prior to stating the obvious I would recount an experience from my student years.
During the course of a lively tutorial debate, someone stated, ‘it’s obvious’ – and ‘it’ was! However, the rigours of uni demanded proof, supporting evidence and references. I will never forget the response from the astute but unorthodox student; “to prove the ‘sky is blue’ is difficult, as it requires the challenger/sceptic to undertake certain actions to satisfy the challenge of ‘furnishing’ proof. In this instance I would simply ask the sceptic to lift his chin and take a good bloody look out the window at the blue sky!” The point being the onus is shared! (full story and 1 comments)
social/political / international
"Armageddon" Prices Fail to Lure Buyers Amid Selling posted by Pierre Paulden and Caroline Salas via reed, 2008-10-20 23:07:17
Oct. 17 (Bloomberg) -- Credit markets have fallen so far that they are providing a "once in a lifetime opportunity,'' and investors are still selling. Prices of loans rated below investment grade declined to a record low 66.1 cents on the dollar, virtually guaranteeing investors get their money back, based on historical recovery rates, according to data compiled by Standard & Poor's. Yields on corporate bonds show investors expect 5.6 percent of the market to go bust, the highest default rate since the Great Depression, according to Christopher Garman, chief executive officer of debt research firm Garman Research LLC in Orinda, California. (full story)
miscellaneous / international
  Freedom from the Known posted by Jiddu Krishnamurti via sadh, 2008-10-20 10:03:18
FEAR, PLEASURE, SORROW, thought and violence are all interrelated. Most of us take pleasure in violence, in disliking somebody, hating a particular race or group of people, having antagonistic feelings towards others. But in a state of mind in which all violence has come to an end there is a joy which is very different from the pleasure of violence with its conflicts, hatreds and fears. (full story)
personal development / international
A journey into Taliban-controlled Afghanistan posted by Nir Rosen via krill, 2008-10-20 01:39:37
"The Russians were stronger than the Americans, more fierce. We will put the Americans in their graves." (full story)
imperialism / international
 One stable; two horse race posted by yarra, 2008-10-19 22:40:12
As mindless Americans obsess over the STAGED race for the presidency they tend to overlook the simple fact that a two party system that requires hundreds of millions of dollars to function is the farthest thing from democratic process imaginable! A definition may be required for the Paris Hiltons of this world: DEMOCRACY is simply MAJORITY RULE via representative government – I lament the number of times this simple definition must be repeated! (full story and 1 comments)
social/political / international
Maybe U.S. needs yard sale posted by Eric Margolis via reed, 2008-10-19 01:16:19
At the end of Second World War the British Empire still ruled nearly a quarter of the globe. But the war bankrupted Britain. Its once mighty empire quickly collapsed and the United States inherited much of the British Imperium. Six decades later the United States is close to bankruptcy thanks to a national orgy of borrowing, the replacement of manufacturing by financial manipulation, ruinous foreign wars and a government whose stunning incompetence and arrant stupidity was exceeded only by its reckless imperial arrogance. (full story)
imperialism / international
 Pauslon proves to be bigger idiot than Bush posted by peptide, 2008-10-18 11:41:03
Is anyone really surprised? It is now clear that Treasury Secretary, Henry Paulson, has no idea how to stabilise the American economy, let alone revive it. In a matter of weeks he has gone from FAILED plans A, B then ‘XYZeee,’ with the result that he now makes Bush look intelligent! (full story and 1 comments)
social/political / international
US Banks Reap Whirlwind of Govt Spending posted by Adrianne Appel via rialator, 2008-10-17 07:35:39
BOSTON, Oct 17 (IPS) - The George W. Bush administration handed 125 billion dollars to nine of Wall Street's richest banks, but this will do little to help the economy that is crumbling around ordinary U.S. citizens, independent experts and activists say. (full story)
social/political / international
 The Disease and the Cure posted by Kingfisher, 2008-10-16 00:52:43
The first signs of alarm and panic from filthy rich elites have begun to reach the public via the mass media – how such material slipped through editorial vetting is not known but what is known is that Rupert and his fellow media moguls are not happy. (full story and 5 comments)
social/political / international
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