Author: jimmy

New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners

All this fancy footwork is to prevent a run on the TBTF banks, in order to keep their derivatives casino going with our money. Warren Buffett called derivatives “weapons of financial mass destruction,” and many commentators warn that they are a time bomb waiting to explode. When that happens, our deposits, our pensions, and our public investment funds will all be subject to confiscation in a “bail in.” Perhaps it is time to pull our money out of Wall Street and set up our own banks – banks that will serve the people because they are owned by the people.

Continue Reading →

Made in the USA

The U.S. establishment is used to bullying around anyone it wants and getting its way. This will not happen with Putin. It appears that the U.S. is attempting to put so much pressure on Putin that he does something reckless and loses all support on the world stage. I can’t stress enough how important, and dangerous, the current situation is.

Continue Reading →

Oil Price Slide Rocks World Economy

Shock waves from last Thursday’s decision by the Saudi-led oil cartel, OPEC, not to cut production in the face of an oversupply on world markets have reverberated throughout the global economy, hitting energy and mining companies as well as financial markets, and threatening whole economies with bankruptcy.

Continue Reading →

The Importance Of The Cancellation Of South Stream

through the deals it has made this year with China, Turkey and Iran, Russia has dealt a devastating blow to the energy future of the EU. A few years down the line Europeans will start to discover that moralising and bluff comes with a price. Regardless, by cancelling South Stream, Russia has imposed upon Europe the most effective of the sanctions we have seen this year.

Continue Reading →

Alcatraz: A Prison as Disneyland

The message was clear: In the United States those in prison deserve it; in foreign lands they are imprisoned unjustly. The Disneyfication of Alcatraz is the equivalent of turning one of Stalin’s gulags into a prison-themed amusement park. Prisons are institutionalized evil. And whitewashing evil is a moral monstrosity.

Continue Reading →

Will Russia, Germany save Europe from war?

Still assuming those NATO clowns would insist on playing war, Moscow has already made it very clear Russia would use their awesome arsenal of 5,000-plus tactical nuclear weapons – and whatever else it takes – to defend the nation against a NATO conventional attack. Moreover, a few thousand S-400 and S-500 systems are enough to block a US nuclear attack.

None of this hair-raising Apocalypse Now scenario is even taking into account the Russia-China alliance – the major, game-changing Eurasian story of the 2010s.

Continue Reading →

Defending Dollar Imperialism

As long as Washington can control the world’s energy supplies and force the world to trade in dollars, it can spend well in excess of what it produces and not be held to account. It’s like having a credit card you never have to pay off.

That’s a racket Uncle Sam is prepared to defend with everything he’s got, even nukes.

Continue Reading →

Libya Then and Now: An Overview of NATO’s Handiwork

The end product has been lawlessness and Somali-style civil war. The state has basically been “failed” by the US and its allies. Post-Jamahiriya governmental authority is only exercised by those in power inside of their offices and a few spaces. Violent crime has proliferated. Tripoli and other major cities are being fought for by different factions and Libyan weapons are being smuggled into different countries. Even US officials, which helped midwife the groups running rampant in Libya, have not been safe from the turmoil they helped create; the murder of US Ambassador John Christopher Stevens in Benghazi on 12 September 2012 is testimony to this.

Continue Reading →
1 … 12 13 14 15 16 … 164