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| "The price of ignorance is slavery"
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"We forge the chains we wear in life" -- Charles Dickens
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 Another home grown catastrophe likely
dingo, Sunday, Oct 26 2008, 11:53pm
Due to the ‘thick’ nature of the American public the powers are forced to emphasise a point in order to drive it home. However, the less thick international community easily detects and is alerted by ‘overdone’ remarks! Non-Americans view with extreme suspicion SIMILAR warnings from senior politicians of both major American parties.
international /
peace/war /
commentary
 Masters of America
barra, Saturday, Oct 25 2008, 10:40pm
For those who require hard evidence that Wall St. not Capitol Hill rule the USA look no further than the latest babbling of puppet president, dubya Bush. With the financial system and the global economy in tatters and after European and Asian leaders agreed to overhaul the international financial system; the star-spangled parrot (president) spouted his learned lines. [Believe it or not] Bush called on the world to “recommit” to the “free market” system that caused the global economic crisis/collapse in the first instance -- astounding! Bush made the remarks while standing in the cow paddy that was once the American economy. I can almost hear him asking his handlers if he ‘did good;’ you did just fine, George, you can go out and play now, you tubular bell! (story and 2 comments and 1 image)
Last Commented Saturday, Oct 25 2008, 11:53pm
international /
social/political /
commentary
Irresponsible currency printing certain to annihilate greenback
nano, Saturday, Oct 25 2008, 1:37am
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! (story and 3 comments and 1 image)
Last Commented Friday, Oct 31 2008, 7:56am
international /
social/political /
opinion/analysis
Oz financial Institutions freeze run on redemptions
peptide, Thursday, Oct 23 2008, 9:44am
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! (story and 1 image)
international /
social/political /
commentary
Not so stupid!
dingo, Wednesday, Oct 22 2008, 11:18am
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? (story and 2 comments)
Last Commented Friday, Oct 24 2008, 7:04am
international /
social/political /
commentary
The Disease and the Cure – a practical strategy
Ed., Wednesday, Oct 22 2008, 8:18am
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!
international /
social/political /
opinion/analysis
A Vagabond’s Lament
quill, Tuesday, Oct 21 2008, 10:42am
Poetry for wanderers .. (story and 3 images)
international /
prose/poetry /
literature
How the Banksters are Making a Killing Off the Bailout
Pam Martens via fleet, Tuesday, Oct 21 2008, 9:26am
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.
international /
injustice/law /
other press
Criminals at the top: It’s high time for accountability
finn, Tuesday, Oct 21 2008, 1:44am
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! (story and 1 comment)
Last Commented Tuesday, Oct 21 2008, 9:36am
international /
social/political /
opinion/analysis
"Armageddon" Prices Fail to Lure Buyers Amid Selling
Pierre Paulden and Caroline Salas via reed, Monday, Oct 20 2008, 11:07pm
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.
international /
miscellaneous /
other press
 Freedom from the Known
Jiddu Krishnamurti via sadh, Monday, Oct 20 2008, 10:03am
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. (story and 1 image and 3 attached files)
international /
personal development /
literature
A journey into Taliban-controlled Afghanistan
Nir Rosen via krill, Monday, Oct 20 2008, 1:39am
"The Russians were stronger than the Americans, more fierce. We will put the Americans in their graves."
international /
imperialism /
other press
One stable; two horse race
yarra, Sunday, Oct 19 2008, 10:40pm
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! (story and 1 comment and 2 images)
Last Commented Monday, Oct 20 2008, 9:17pm
international /
social/political /
commentary
Maybe U.S. needs yard sale
Eric Margolis via reed, Sunday, Oct 19 2008, 1:16am
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.
international /
imperialism /
other press
Pauslon proves to be bigger idiot than Bush
peptide, Saturday, Oct 18 2008, 11:41am
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! (story and 1 comment and 1 image)
Last Commented Saturday, Oct 18 2008, 12:08pm
international /
social/political /
commentary
US Banks Reap Whirlwind of Govt Spending
Adrianne Appel via rialator, Friday, Oct 17 2008, 7:35am
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.
international /
social/political /
other press
The Disease and the Cure
Kingfisher, Thursday, Oct 16 2008, 12:52am
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. (story and 5 comments and 1 image)
Last Commented Monday, Oct 20 2008, 9:39pm
international /
social/political /
opinion/analysis
Does the bailout pass the smell test?
Paul Craig Roberts via rialator, Wednesday, Oct 15 2008, 7:47am
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. (story and 2 images)
international /
social/political /
other press
From a sniper’s journal
quin, Tuesday, Oct 14 2008, 1:53am
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?’ (story and 2 images)
international /
social/political /
commentary
A $516 trillion derivatives 'time-bomb'
Margareta Pagano and Simon Evans via krill, Sunday, Oct 12 2008, 8:40am
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. (story and 1 comment)
Last Commented Monday, Oct 13 2008, 7:06am
international /
social/political /
other press
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