If the Fed were actually a federal agency, the government could issue U.S. legal tender directly, avoiding an unnecessary interest-bearing debt to private middlemen who create the money out of thin air themselves. Among other benefits to the taxpayers. a truly “federal” Federal Reserve could lend the full faith and credit of the United States to state and local governments interest-free, cutting the cost of infrastructure in half, restoring the thriving local economies of earlier decades.
“Israel’s illicit drug trade is regionally focused, with Israel as more of a transit country than a stand-alone significant market.”
“The authorities continue to be concerned with illegal pharmaceutical sales, retail businesses which are suspected money-laundering enterprises, and corruption accusations against public officials.”
Those once celebrated as “rebels” and “revolutionaries” — by Obama, NATO states, UN bodies, Western media, and a range of liberal imperialist opinion along with those “socialists” who, after an extended period of internalized structural adjustment now model their thinking to better accord with neoliberal principles — are rarely if ever held up now as paragons of the “better future” that was to come.
The settlement between JPMorgan Chase and the Justice Department has been reported at $13 billion, for charges that Chase sold toxic mortgage-backed securities that fuelled the financial crisis of 2008.
The reported $13 billion amount is a misrepresentation of the actual figure by the Justice Department and has “nothing to do with mortgage-backed securities,” said former financial regulator Bill Black.
“Repo has a flaw: It is vulnerable to panic, that is, ‘depositors’ may ‘withdraw’ their money at any time, forcing the system into massive de-leveraging We saw this over and over again with demand deposits in all of U.S. history prior to deposit insurance. This problem has not been addressed by the Dodd-Frank legislation. So, it could happen again.”
Our roots, we are often reminded, are the anchor of our lives, both individually and collectively. But whose roots are they? Our roots are what define us, or so the theory goes. Living in Africa, I learned that the Ancestors are central to most peoples’ lives and although for me, a symbolic gesture, calling on the Ancestors for advice, creates an unbreakable link with one’s past. Moreover, a link that is in many respects, impervious to the propaganda of capitalism.
The Obama regime attempted to attack Syria based on the sort of lies that the Bush regime used to invade Iraq, only to be slapped down by the British Parliament and Russian government. This rebuke was followed by the childishness of the government shutdown and threat of default. Consequently, the Washington morons have lost their monopoly on economic and political leadership. A few days ago the British government announced a historic agreement that permits British investors direct access to China’s markets and allows Chinese banks to expand their operations in Great Britain.
American power is diminishing, as it has been in fact since its peak in 1945, but it’s still incomparable. And it’s dangerous. Obama’s remarkable global terror campaign and the limited, pathetic reaction to it in the West is one shocking example. And it is a campaign of international terrorism – by far the most extreme in the world.
As one resident explained to The Bureau of Investigative Journalism, which also did research on this case, “They started rescue work and were collecting body pieces of the slain people and pulling out the injured from debris of the building when the drones started firing again.”
“What will your revolution look like,” growled Paxo from behind said beard.
“I’ll tell you what it won’t be like,” said Brand in a moment of clarity, “a huge disparity between rich and poor, where 300 Americans have the same amount of wealth as the 85 million poorest Americans, where there is an exploited and underserved underclass that are being continually ignored and where welfare is slashed while Cameron and Osborne go to court to defend the rights of bankers to continue to receive their bonuses. This has to be addressed.”
CAPS is delighted to report that, despite a government Select Committee making recommendations that any ban on the use of wild animals in circuses should be limited to protect just big cats and elephants, the Minister in charge of the proposed bill has vowed to continue with plans to ensure that all wild animals are spared a life of circus suffering.
Britain is to launch a parliamentary inquiry into the Guardian newspaper’s leaks by Edward Snowden as part of a broad counter-terrorism inquiry. The probe was announced hours after PM David Cameron called the leaks “dangerous” for national security.
Addressing the UK parliament Wednesday, Cameron accused the newspaper of damaging national security by publishing sensitive data provided by the former NSA contractor.
