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"You cannot step into the same river twice; All things flow; nothing endures" -- Heraclitus
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 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
Henry Paulson, too many ‘solutions’ NO results!
budgie, Saturday, Oct 11 2008, 3:30am
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! (story and 2 comments and 1 image)
Last Commented Saturday, Oct 11 2008, 11:14am
international /
injustice/law /
commentary
'See how they run,' house of (derivative) cards ready to collapse!
nano, Friday, Oct 10 2008, 4:46am
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. (story and 3 images)
international /
social/political /
commentary
Market mayhem: that Old Black Magic ‘bailout’
yarra, Monday, Oct 6 2008, 8:21pm
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! (story and 1 image)
international /
social/political /
opinion/analysis
Quote of the Century
finch, Sunday, Oct 5 2008, 11:26am
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! (story and 1 image)
international /
social/political /
commentary
Betrayed by the Bailout: The Death of Democracy
William Cox via reed, Saturday, Oct 4 2008, 11:21pm
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: ..." (story and 1 comment)
Last Commented Saturday, Oct 4 2008, 11:34pm
international /
social/political /
other press
 Common denominator: 9/11 and the Bush Doctrine
quill, Saturday, Oct 4 2008, 10:52pm
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! (story and 1 attached file)
international /
social/political /
other press
Woman, 90, Shoots Self Inside Foreclosed Home
dingo, Saturday, Oct 4 2008, 12:29am
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!”
international /
injustice/law /
other press
Rudd: the most insignificant and internationally disregarded PM in Oz history
barra, Friday, Oct 3 2008, 11:29pm
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! (story and 1 image)
national /
social/political /
commentary
Angela Merkel: no credible response to Medvedev
BBC staff report via rialator, Friday, Oct 3 2008, 4:19am
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!" (story and 2 images)
international /
social/political /
commentary
The dead children of Iraq ensure defeat for the murdering USA
Eric Margolis via rialator, Friday, Oct 3 2008, 2:06am
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.
international /
peace/war /
other press
The age of Puppet Government and Mindless Masses
krill, Thursday, Oct 2 2008, 12:36am
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!
international /
social/political /
commentary
Black Monday Galore: A Speculator's Paradise
Michel Chossudovsky via reed, Tuesday, Sep 30 2008, 10:05pm
"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.
international /
injustice/law /
other press
US Congress rejects flawed bailout: think outside the 'box!'
nano, Tuesday, Sep 30 2008, 12:52am
To say the market was surprised by the House’s rejection of the ‘bailout’ proposal on Monday would be putting it mildly; however, BIG Finance and BIG Banking were NOT surprised one bit! Even more surprising was the fact that Republicans (GOP) were largely responsible for the rejection of the Bill! You know them, ‘God is the free market!’ One could become a cynic overnight faced with such inversions and ideological backflips; however, a careful approach and focused eye reveals much. (story and 2 comments and 1 attached file)
Last Commented Tuesday, Sep 30 2008, 8:34pm
international /
social/political /
opinion/analysis
Bringing it ALL home!
finn, Sunday, Sep 28 2008, 11:34pm
America and her allies are now reaping what they have sown. Would anyone but demented Americans imagine they would be immune from the consequences of their reckless actions? There was no avoiding the consequences of the drunken sailor spending of a clueless administration guided and controlled by the private interests that have pillaged, plundered and ruined not only the local economy but numerous foreign nations as well. From Kosovo, Central Asia to the resource wealth of Australia, the pigs gorged themselves like there was no tomorrow! And that is exactly the point – THERE IS ALWAYS A TOMORROW and NOBODY ‘gets out!’ (story and 1 image)
international /
injustice/law /
commentary
America's Fall From Power
John Gray via rialator, Sunday, Sep 28 2008, 10:53am
Our gaze might be on the markets melting down, but the upheaval we are experiencing is more than a financial crisis, however large. Here is a historic geopolitical shift, in which the balance of power in the world is being altered irrevocably. The era of American global leadership, reaching back to the Second World War, is over. (story and 1 image)
international /
imperialism /
other press
The end of Voodoo Economics
Ian Williams via reed, Sunday, Sep 28 2008, 8:45am
Wall Street ideologues have been gambling our money and screwing us all. Now is a chance to correct their excesses.
As the all-too-often selectively quoted Adam Smith actually said: "All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind." (story and 1 image)
international /
social/political /
other press
It’s done: Bankers win, YOU lose!
dingo, Sunday, Sep 28 2008, 12:36am
Does it hurt when you sit down? No! Be assured it soon will. Wall Street thieves have been exonerated and the dumbarse sheeple will take it where they always have, right up the Khyber Pass/arse! Former CEO of Goldman Sachs, Hank Paulson, is the hero of Wall Street’s hustlers and racketeers today -- he did it! Champagne corks are popping as far away as Sydney but I fear it may be premature; Rosemary’s baby will be stillborn! (story and 1 comment and 1 image)
Last Commented Sunday, Sep 28 2008, 12:06pm
international /
injustice/law /
commentary
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