Posted by seumasach on January 23, 2009
Tony Eley
23rd January, 2009
On Thursday, President Barack Obama issued executive orders mandating the closure of the Guantánamo Bay prison camp in a year’s time, requiring that Central Intelligence Agency (CIA) and military personnel follow the Army Field Manual’s prohibitions on torture, and closing secret CIA prisons overseas.
Posted in Uncategorized | Tagged: "War on Terror" | Leave a Comment »
Posted by seumasach on January 23, 2009
Eirikur Bergmann
21st, January, 2009
While Barack Obama was being sworn in to office on Capitol Hill yesterday, the people of Iceland were starting the first revolution in the history of the republic. The word “revolution” might sound a bit of an overstatement, but given the calm temperament that usually prevails in Icelandic politics, the unfolding events represent, at the very least, a revolution in political activism.
Posted in Financial crisis | Tagged: bankrupt iceland, Revolution in Iceland | Leave a Comment »
Posted by seumasach on January 23, 2009
January 21, 2009 (LPAC)–Yesterday, American statesman Lyndon LaRouche denounced the City of London’s continuing insistence on cooking up desperate bail-out schemes for the bankrupt international financial system, which they are trying to impose on the United States as well, such as the absurd idea of creating a “bad bank” loaded down with toxic assets. “This is a bunch of hyperinflationary nonsense,” LaRouche said. “We should put these things through bankruptcy reorganization.”
Posted in Financial crisis | 1 Comment »
Posted by seumasach on January 23, 2009
January 22, 2009 (LPAC) –-On orders from President Fernando Lugo, combined forces of Paraguay’s National Police, Army, and other law-enforcement agencies are doing a sweep of the northern states of San Pedro and Concepcion, severely hindering normally extensive drug cartel operations, while tracking down the murky drug cartel-linked “Popular People’s Army” (EPP). On Dec. 31, the EPP appeared out of nowhere to attack a military outpost in the region, fraudulently claiming to defend the local peasantry.
Posted in Uncategorized | Tagged: CIA/MI5 drug dealers | Leave a Comment »
Posted by seumasach on January 23, 2009
John Hoefle
Jan. 16—The sudden bailout of Bank of America today, and the renewed talk of the need to buy hundreds of billions of dollars of bad assets from the banks, shows that the bailout process is entering a desperate and dangerous new phase. All the official verbiage aside, the bailout shows that not just Bank of America, but the banking system itself, is bankrupt, despite the trillions of dollars our government has thrown down the bailout rathole.
Posted in Financial crisis | Tagged: stop the bailout | Leave a Comment »
Posted by seumasach on January 23, 2009
22nd January, 2009
Iceland’s embattled prime minister resigned on Friday citing medical reasons and called an early election for May, a move that could prompt a dramatic shift to the left after a 20-year experiment in free market economics.
Posted in Financial crisis | Tagged: bankrupt iceland | Leave a Comment »
Posted by seumasach on January 23, 2009
Jan. 23 (Bloomberg) — Bolivian President Evo Moralessigned a decree today nationalizing BP Plc-controlledEmpresa Petrolera Chaco SA “in its entirety,” according to remarks he made today that were broadcast on Bolivian state television.
Posted in Multipolar world | Tagged: Bolivarian Revolution | Leave a Comment »
Posted by seumasach on January 23, 2009
This also opens the way for war crimes charges to be made against the US and the UK who have been using depleted uranium in Iraq
22nd January, 2009
There is more than enough evidence that Israel committed war crimes in its three week-long offensive into Gaza, says a UN investigator.
Posted in Palestine | Tagged: Gaza, Palestine | Leave a Comment »
Posted by smeddum on January 23, 2009
Editor’s Note: This is the second part of a two-part analysis of the specter of deflation. Part I can be seen here.
In Part I of this series, I explained why a protracted “deflationary spiral” was an unlikely outcome based on the government’s desperation to prevent deflation from taking hold combined with its ability to create a limitless amount of money from nothing. Below, I address the various arguments that are often made by those who think a deflationary spiral is inevitable. Read the rest of this entry »
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Posted by smeddum on January 23, 2009
January 22, 2009 Seeking Alpha
From Wiki: The phrase “crossing the Rubicon” has survived to refer to any people committing themselves irrevocably to a risky and revolutionary course of action
. In the annals of circular finance, nothing compares to the spectacle of a government’s central bank printing large amounts of host currency and then loaning it to the host government’s treasury so that that government can pay its bills. Yet that is the path, according to several recent media reports, that the US Federal Reserve Bank is about to embark upon. The Fed has already announced its intention of directly buying GSE debt. Since the GSEs were effectively nationalized this is the same as buying Treasuries; GSE debt and Treasuries are both now direct obligations of the US Government. But this announcement either was not widely recognized by the markets for what it was, or it was ineffective for other reasons. Ben had to come to market with the next step in his program. Read the rest of this entry »
Posted in Financial crisis | Tagged: hyperinflation | Leave a Comment »
Posted by seumasach on January 22, 2009
F. William Engdahl
22nd January, 2009
During the end of the 1970’s into the 1980’s British Conservative Prime Minister Margaret Thatcher and the City of London financial interests who backed her, introduced wholesale measures of privatization, state budget cuts, moves against labor and deregulation of the financial markets. She did so in parallel with similar moves in the USA initiated by advisers around President Ronald Reagan. The claim was that hard medicine was needed to curb inflation and that the bloated state bureaucracy was a central problem. For almost three decades, Anglo-American university economic faculties have turned to Thatcherite deregulation of financial markets as ‘the efficient way,’ in the process, undoing many of the hard-fought gains secured for personal social security, public health care and pension security of the population. Now the ‘poster child’ economy of the Thatcher Revolution, Great Britain, is sinking like the proverbial Titanic, a testimony to the incompetence of what is generally called Neo-liberalism or free market ideology.
Posted in Financial crisis | Tagged: bankrupt Britain, death agony of thatcherism | 1 Comment »
In These New Times 