Archive for November, 2010
Posted by seumasach on November 7, 2010
The moment of truth is drawing near:another bailout will be required both in US and UK. This is the moment to stand and fight: we cannot go along with another bailout. There is a clear alternative: put the banks through bankruptcy! This is the only sensible solution as well as a great moment of revolutionary change. It would mark end of the system put in place with the establishment of the Bank of England in 1694 and the Federal Reserve in 1913. It would mark the end of the rule of finance and the epoch of perpetual war, colonialism and destruction. It would be the end of empire and the beginning of a world community of sovereign nation states. It would mark the refoundation or transformation of global institutions such as the UN. and the potential for a new direction for humanity.
Bank of America Closer to Tipping Point
Jonathan Weil
Bloomberg
3rd November, 2010
It was only last April that Bank of America Corp. was making fools out of the doomsayers who had called for its nationalization a year earlier. Taxpayers had gotten their bailout cash back. Investors who bought its shares at the bottom were making a killing. Government leaders lauded the company’s rescues, both of them, as a great success.
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Posted in Financial crisis | Tagged: End of empire, no bailout | 1 Comment »
Posted by seumasach on November 7, 2010
Dr. Stephen Frost
Global Research
6th November, 2010
Dr. Stephen Frost contacted Global Research and informed us regarding The British media’s coverup pertaining to the details of Dr. David Kelly’s death.
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Posted in Drive to Global War | Tagged: David Kelly | Leave a Comment »
Posted by smeddum on November 7, 2010
Voice of Russia
nov 5 2010
The World Trade Organization is sounding alarm over “currency wars” which pose the biggest threat to global economy. A statement to that effect was published on Thursday in a special report ahead of a G20 summit in Seoul next week. Read the rest of this entry »
Posted in Financial crisis, Multipolar world | Leave a Comment »
Posted by seumasach on November 6, 2010
M.K.Bhadrakumar
Asia Times
6th November, 2010
Any Russian babushka sitting in a city park would admonish that picking scabs is a bad thing and if the scabs feel tight or itchy, find distraction in a book or puzzle. Yet Moscow twice within a week picked at its war wounds – a relatively new scab from the Afghan jihad of the 1980s and a much older one left over from World War II. They were neither tight nor itchy, yet Moscow scratched them.
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Posted in Multipolar world | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on November 5, 2010
Deutsche Welle
5th November, 2010
The US central bank’s decision to buy additional government bonds in an effort to stimulate the economy is a breach of international agreements, German Finance Minister Schaeuble said on Thursday evening.
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Posted in Financial crisis | Tagged: Currency Wars | Leave a Comment »
Posted by seumasach on November 5, 2010
FT
5th November, 2010
View article here
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Posted by seumasach on November 5, 2010
Telegraph
5th November, 2010
The Federal Reserve this week said it will pump $600bn (£370bn) into the economy through debt purchases – effectively printing more dollars – to boost employment and growth.
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Posted in Financial crisis | Tagged: Currency Wars | Leave a Comment »
Posted by smeddum on November 5, 2010
U.S.told to give “explanation” for new monetary policy
People’s Daily
5th November, 2010
A senior Chinese foreign affairs official said on Friday that the United States should “give an appropriate explanation” for its latest relaxed monetary policy, urging the U.S. to take a responsible attitude as a major reserve currency issuing country. Read the rest of this entry »
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Posted by seumasach on November 4, 2010
Pepe Escobar
Asia Times
4th November, 2010
So United States President Barack Obama has publicly admitted he and his party took “a shellacking” – and there are “easier ways” to learn political lessons.
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Posted in Uncategorized | Tagged: Obama agenda | Leave a Comment »
Posted by seumasach on November 4, 2010
A good article by Pilger, but he is certainly wrong about one thing: Britain is utterly bankrupt. The comparison with 1945 is facile: Britain then still had a substantial industrial base and had a powerful position internationally allied with the USA. Now both have eroded almost completely. Britain is bankrupt at every level, personal, local, corporate and national, a dire situation which it makes worse through its aggressive stand off against the rest of the world. Standing defiantly alone will get us nowhere. Thirty years of Thatcherism have wrecked the place and it will take thirty years to rebuild it, a task that can only be accomplished in collaboration with Europe, China and other creditors. This involves a major strategic shift away from imperialism which in the form of the pound/dollar reserve currency racket has been the basis of our prosperity in the last 20 years. The cuts will precipitate the collapse of Britain’s parasitic “consumer economy”; not making the cuts will start a run on the pound and hyperinflationary burn out. Pilger and the left are deluding themselves about the depth of the crisis so they can go on as ever making mindless, mock-heroic exhortations. Trying to link national reconstruction with multipolarity I have outlined a programme for the end of empire.
John Pilger
ICH
3rd November, 2010
These days, the stirring lines of Percy Shelley’s The Mask of Anarchy may seem unattainable. I don’t think so. Shelley was both a Romantic and political truth-teller. His words resonate now because only one political course is left to those who are disenfranchised and whose ruin is announced on a government spread sheet.
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Posted in Financial crisis, Multipolar world, UK economy | 7 Comments »
Posted by smeddum on November 4, 2010
Posted in Uncategorized | Leave a Comment »
In These New Times 