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  Does the bailout pass the smell test? posted by Paul Craig Roberts via rialator, 2008-10-15 07:47:59
The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent. (full story)
social/political / international
 From a sniper’s journal posted by quin, 2008-10-14 01:53:17
Training, skill, timing and DISCIPLINE are everything in our trade; we shoot to kill! You live because we allow it, our skill overrides all other arguments and considerations! No one is able to adequately defend against a professional – are you listening Mr ‘Cheney?’ (full story)
social/political / international
 A $516 trillion derivatives 'time-bomb' posted by Margareta Pagano and Simon Evans via krill, 2008-10-12 08:40:35
The market is worth more than $516 trillion, (£303 trillion), roughly 10 times the value of the entire world's output: it's been called the "ticking time-bomb". It's a market in which the lead protagonists – typically aggressive, highly educated, and now wealthy young men – have flourished in the derivatives boom. But it's a market that is set to come to a crashing halt – the Great Unwind has begun. (full story and 1 comments)
social/political / international
 Henry Paulson, too many ‘solutions’ NO results! posted by budgie, 2008-10-11 03:30:52
So far the only skill Henry Paulson and his fellow Banker, Wall St., elites have demonstrated is their ability to completely dominate the clueless government of the USA; a government so dependent on criminal free marketeers that it continues to rob the public on their demand! (full story and 2 comments)
injustice/law / international
 'See how they run,' house of (derivative) cards ready to collapse! posted by nano, 2008-10-10 04:46:57
From the absolute theocratic rule of Pharaohs through Rome’s military elites to the economic theorists of the modern era (Marx/Friedman) the failure of social groups and societies has less to do with flawed models than with ‘human frailty!’ Call it what you will but I prefer calling a spade a spade -- pig selfishness, greed and no regard for the less fortunate other. (full story)
social/political / international
 Market mayhem: that Old Black Magic ‘bailout’ posted by yarra, 2008-10-06 20:21:04
The world’s leading, independent economists all stated it wouldn’t and couldn’t work -- what, the sheeple bleat? The very fast-tracked Paulson ‘bailout’ (for his fat cat mates!) But what of the poor sheeple screwed by rogues so perfectly? You were warned, COMPLACENCY comes at a PRICE, baa’aa! (full story)
social/political / international
 Quote of the Century posted by finch, 2008-10-05 11:26:28
In an attempt to smear his rival Barack Obama, John McCain referred to a flimsy connection between Obama and Bill Ayers, a founding member of the weather underground. McCain’s now infamous quote given in a television interview was mentioned in a NYT article this week (link below): “How can you countenance someone [Ayers] who was engaged in bombings that could have or did kill innocent people?” Good point, John! (full story)
social/political / international
Betrayed by the Bailout: The Death of Democracy posted by William Cox via reed, 2008-10-04 23:21:44
On this date, October 3, 2008, the American people were betrayed by those whom they had elected to represent them. The members of Congress who voted for the Wall Street "bailout" violated their oath of office to "support and defend the Constitution" ... "that I will bear true faith and allegiance to the same" ... "and that I will well and faithfully discharge the duties of the office on which I am about to enter: ..." (full story and 1 comments)
social/political / international
 Common denominator: 9/11 and the Bush Doctrine posted by quill, 2008-10-04 22:52:10
Every branding, advertising and marketing trick in the book is employed by American neo-conservatives in their manic pursuit of world domination. Political destabilisation and promoting constant war are two well-known methods that Washington criminals employ. However, we should never forget that the first attack must necessarily be on language! (full story)
social/political / international
Woman, 90, Shoots Self Inside Foreclosed Home posted by dingo, 2008-10-04 00:29:01
We have all been trained to ‘internalise’ social problems; however, in the OVERWHELMING majority of cases it is our RULERS/LEADERS that are at FAULT! For those who missed it previously we quote the following: “the fact the government prefers to bailout the criminal bankers and not the people gives license to the people to DEFAULT ON ALL LOANS IN PROTEST OF A CORRUPT, CRIMINAL AND INCOMPETENT GOVERNMENT that has lined its own pockets at the expense of the people and the nation!” (full story)
injustice/law / international
 Rudd: the most insignificant and internationally disregarded PM in Oz history posted by barra, 2008-10-03 23:29:41
After his revealing address to an almost empty chamber at the UN, Kevin ‘non-event’ Rudd has taken Australian recognition to an all-time low in the international arena.
His predecessor, John ‘aluminium tubing’ Howard could never be accused of insignificance, his rabid right wing, racist, contractive, slavish (to America) and cynical policies ensured that he would be noticed by the world, but for all the wrong reasons! The Tampa crisis, deportation of citizens, illegal invasive warfare, rabid racism, which culminated in the victimisation of dark skinned Indian Doctor Haneef, surrendering Australian nationals to Indonesian authorities to face execution and allowing Transnationals and Corporate CEOs to dictate policy in the running of the nation, especially Allan Moss and his Macquarie Group! (full story)
social/political / national
 Angela Merkel: no credible response to Medvedev posted by BBC staff report via rialator, 2008-10-03 04:19:40
German Chancellor, Agela ‘uber alles’ Merkel, responded to Russian President Medvedev’s pragmatism and realism with double standards and hypocrisy during talks in St Petersburg this week. Medvedev stated fact in relation to the demise of the USA as economic superpower and serious force in the region. Merkel, fully cognisant of the pipeline corridor/energy wars raging at present, responded with criticism of Russia’s actions in Georgia. She accused Russia of a “disproportionate” response to the unprovoked western-backed attack on innocent civilians in South Ossetia! Merkel may have been thinking of Germany’s clandestine role in the ILLEGAL secession of Kosovo when she added that Georgia's ‘territorial integrity’ "is non-negotiable!" (full story)
social/political / international
The dead children of Iraq ensure defeat for the murdering USA posted by Eric Margolis via rialator, 2008-10-03 02:06:42
Those Wall Street financial alchemists who turned garbage into gold must have helped John McCain prepare for his debate with Barack Obama last Friday. Senator McCain’s insistent claims that the US is winning the war in Iraq thanks to his "surge" strategy are the military-political equivalent of the junk securities that Wall Street’s shady financiers have been selling around the globe. (full story)
peace/war / international
The age of Puppet Government and Mindless Masses posted by krill, 2008-10-02 00:36:49
Events relating to the questionable competence and integrity of Bankers, Financiers, Corporate CEOs and the muted reaction of the American public this week are astounding to say the least. Only a few weeks ago President George ‘Milton’ Bush and Republican presidential candidate, John ‘bomb bomb’ McCain, were extolling the virtues of the American economy and the free market system; both men constantly repeated a mantra claiming the American economy is “fundamentally strong!” However, in a matter of DAYS the ‘strong’ economy SUDDENLY became the ‘dire crisis’ economy; it is now beyond any argument that our current batch of politicians are clueless -- what day is it, gentlemen? It seems ‘polly’ is required to parrot new lines for her cracker this week! (full story)
social/political / international
Black Monday Galore: A Speculator's Paradise posted by Michel Chossudovsky via reed, 2008-09-30 22:05:46
"Black Mondays" are potentially the source of windfall profits. The revenues to be derived by financial institutions, which not only have foreknowledge and inside information but also the ability to manipulate the market are enormous. (full story)
injustice/law / international
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