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"Credit is a system whereby a person who can not pay gets another person who can not pay to guarantee that he can pay" -- Charles Dickens
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 Banks cut cosy deals with each other while You get shafted
Robert Scheer via stan, Thursday, Jun 14 2012, 9:45am
Statistics are boring, but it’s important to wrap your head around this latest one from the Federal Reserve as the definitive epitaph for the American dream. Wall Street’s financial shenanigans, the banking games that made some fat cats outrageously wealthy as they turned home mortgages into toxic securities, wiped out 20 years of growth in American families’ net worth. (story and 1 comment and 1 image)
Last Commented Thursday, Jun 14 2012, 4:14pm
international /
imperialism /
other press
Revealed: leaked Obama 'Kill Lists' clever Executive tactic
Chris Floyd via reg, Tuesday, Jun 12 2012, 9:51pm
The turbulent ramifications of last week's New York Times story detailing the operations of Barack Obama's White House death squad continue to reverberate across the country today, sending shock waves through Washington and bringing crowds of outraged protestors to the …. (story and 1 comment and 1 image)
Last Commented Tuesday, Jun 12 2012, 10:34pm
international /
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commentary
Panetta: US "reaching the limits of its patience" - O, really?
gan, Thursday, Jun 7 2012, 10:34am
The latest demented American dunce to stick his moronic boot in his imbecilic mouth is Secretary of Defense, Leon Panetta. Former CIA boss Panetta represents a known lawless nation run by murdering and thieving criminals -- the USA is the world's leading civilian killing nation, approx 5 million murdered since Vietnam; it is also the world's leading invading and occupying nation that specializes in resource theft and assassinating leaders that oppose its imperial designs/policies of appropriating the resources of weaker nations. It has even taken to oppressing its own population with constant surveillance, new draconian indefinite detention 'laws' and military policing. (story and 1 comment and 1 image)
Last Commented Thursday, Jun 7 2012, 11:05am
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commentary
Traditional Enmity Delivers Strategic Gift to US
quin, Sunday, Jun 3 2012, 9:19am
Vietnam and China share a border and an Ocean, over which conflict has erupted over the centuries. The last overt war the two nations fought was in the 70's; China called it, 'teaching Vietnam a lesson.' The conflict raged for a few weeks before China was satisfied that Vietnam had learned its lesson (and place). (story and 1 comment and 2 images)
Last Commented Sunday, Jun 3 2012, 9:53am
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commentary
The Banker Elite, Hypocrisy and Brazen Double Standards
Kim Willsher via judd, Tuesday, May 29 2012, 1:35pm
Christine Lagarde, the IMF boss who caused international outrage after she suggested in an interview with the Guardian on Friday that beleaguered Greeks might do well to pay their taxes, pays no taxes, it has emerged. (story and 1 image)
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other press
 US/NATO breeding division, conflict and chaos in Africa
Dan Glazebrook via stele, Friday, May 25 2012, 11:54pm
The scale of the ongoing tragedy visited on Libya by NATO and its allies is becoming horribly clearer with each passing day. Estimates of those killed so far vary, but 50,000 seems like a low estimate; indeed the British Ministry of Defence was boasting that the onslaught had killed 35,000 as early as last May. But this number is constantly growing.
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NATO expands because it is UNCHALLENGED by (COWARDLY) Russia and China
lux, Sunday, May 20 2012, 1:11am
That's basically the long and short of it. All the ballyhoo surrounding the clearly criminal organisation of NATO is of no major consequence; NATO will continue its criminal military occupations, murder and expansionism until it is challenged by a greater or equal force on the world stage -- THAT SIMPLE!
It is a known that the combined military and nuclear strength of China and Russia is equal to that of the West -- and is fully capable of reducing continental America and Western Europe to ash! (story and 1 comment)
Last Commented Tuesday, Jul 3 2012, 8:48am
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A 12yo explains modern Reserve Banking
stele, Thursday, May 17 2012, 9:02am
Though the video relates to Canada, it applies to any nation that is part of the global Reserve Banking system. Australia also had a national people's Bank, the appropriately named 'Commonwealth Bank' -- which was PRIVATISED by Labor Prime Minister, Paul Keating, who also dutifully floated our sovereign currency on Wall Street, thereby enslaving the nation to FOREIGN Big money interests! (story and 2 comments)
Last Commented Wednesday, May 30 2012, 12:08pm
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Russia and China Squeal in Pain ...
Nile Bowie via baz, Wednesday, May 16 2012, 11:56pm
Absolutely no apologies for the gross metaphor but what does it take to get a decisive reaction from Russia and China -- if indeed these two COWERING 'superpowers' are capable of reacting at all?
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Wall Street Banksters Feeling Heat
red, Thursday, May 10 2012, 11:59pm
Deserving of all the contempt and hostility the public directs at criminal Wall St Banksters, JP Morgan, Goldman Sachs etc., chief honcho of JP Morgan, Jamie Dimon, openly apologised for wrong doings – “self inflicted mistakes” (O, really!) -- and admitted that certain practices the Bank engaged in were unprincipled – understatement of the year! (story and 1 comment and 1 image and 1 attached file)
Last Commented Wednesday, May 16 2012, 8:20am
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commentary
Terminal 21st Century Capitalism
James Petras via stan, Thursday, May 10 2012, 8:19am
The economic, political and social outlook for the second decade of the 21st century is profoundly negative. The almost universal consensus, even among mainstream orthodox economists, is pessimistic regarding the world economy.
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other press
Paternalistic, "Disrespectful" Oz Federal Police "Expelled" from Vanuatu
staff report via baz, Thursday, May 10 2012, 12:19am
Australia's version of the FBI has been right royally kicked out of Pacific Island nation, Vanuatu. It seems racist, moron Australia has yet to learn RESPECT, especially when on foreign soil. Commodore Frank Bainimarama of Fiji may have some advice for Vanuatu's PM and I'm sure China would be extremely happy to assist in any diplomatic, financial and investment capacity -- you dunce Oz, incompetent (Gillard) government! Yankee overlords will not be happy, Juliar! (story and 1 image)
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AUSTERITY for WHOM?
sandman, Friday, May 4 2012, 12:01am
Economic Austerity programs are designed for the enslaved masses, yes that's right, the average or common people; have you seen bankers or corporate directors/CEOs or other elite rogues under any austerity pressures or 'doing it tough' economically? Not on YOUR life, corrupt elite cabals SHOWER themselves in money and benefits at YOUR expense simply because they can -- and YOU do NOTHING about the GROSS injustices, screaming double standards and gaping disparities, you disgraceful, spineless, shit-eaters! (story and 1 comment)
Last Commented Friday, May 4 2012, 11:18pm
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commentary
The Distasteful Business of Banking
shyluck, Saturday, Apr 28 2012, 9:07am
No surprises here; banks will stop at nothing to increase their bottom line? Using new software packages designed to assess when existing customers/clients are at their most vulnerable, banks hope to sell more products and increase client debt. But what of the moral issue of taking unfair advantage of the public? Whatever happened to protecting the public interest? O, that's right, bank serving Juliar 'carbon tax' Gillard became PM!
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other press
Gillard acquiesces to US demands
bluey, Friday, Apr 27 2012, 10:33am
Yes sir, no sir, three bags full sir -- SPINELESS Canberra politicians WITHOUT a MANDATE from the people are accepting US occupying troops other nations are throwing out! (story and 2 comments and 2 images)
Last Commented Sunday, Apr 29 2012, 9:37pm
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To whom is the WORLD indebted?
czar, Saturday, Apr 21 2012, 10:36am
Consider the material very carefully and resist the urge to dismiss, refute or denounce. The subheading is as accurate as anything ever written, indeed it is UNDERSTATEMENT! (story and 3 comments and 1 image)
Last Commented Monday, Apr 23 2012, 12:34pm
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commentary
China’s Rise, America’s Fall
Ron Unz via stan, Friday, Apr 20 2012, 10:16am
The rise of China surely ranks among the most important world developments of the last 100 years. With America still trapped in its fifth year of economic hardship, and the Chinese economy poised to surpass our own before the end of this decade, China looms very large on the horizon. We are living in the early years of what journalists once dubbed “The Pacific Century,” yet there are worrisome signs it may instead become known as “The Chinese Century.”
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International Bankers are 'shitting bricks'
fleet, Wednesday, Apr 18 2012, 11:48pm
As part of the Guardian Open Weekend, Heather Stewart, economics editor of the Observer, discusses the economic downturn with Jayati Ghosh, Will Hutton and John Lanchester. Here, leading economist Ghosh talks about the condition of capitalism in its latest phase of development, observing the climate of fear within the financial sector.
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Obama the Dunce and the Afghan 'Train Wreck'
Conn Hallinan via stele, Wednesday, Apr 18 2012, 11:08pm
AGAIN, the MYTH of 'superpower' has been shattered but this time by a rag tag group of dedicated fighters with minimal arms and technology. Regardless of all the zillions of dollars and high tech weaponry of the invaders, Afghanistan is an utter FAILURE, as was Vietnam! PROVING that a population that opposes and RESISTS invaders ALWAYS prevails. Are you reading this you gutless Iraqi Arabs and tragic, once fighting, Serbs -- take back YOUR nations?
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Megaupload Preparing Multi-Billion Dollar IPO Before Bust
torrentfreak via rapido, Tuesday, Apr 17 2012, 10:47am
INDEPENDENT IT entrepreneurs and armies of anonymous hackers present as the only effective force battling against ruling Wall St Banking and Corporate elites that murder (Gaddafi gold oil trading) or paralyse (Assange compromising government) anyone that poses a threat to their wealth or power. The very untimely, 'illegal' raid on Kim Dotcom, as will become apparent as the case proceeds, reeks of a conspiracy to destroy an independent operator who is known to be contemptuous of the current status quo. (story and 1 comment and 1 image)
Last Commented Tuesday, Apr 17 2012, 11:35am
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