A profound and significant change has just occurred in the Levant – the Russian army has begun to engage against terrorism in Syria. Although Russia has been absent from the international scene since the dissolution of the Soviet Union, and although it is moving with care, it has just created a Russo-Syrian Commission, has begun supplying weapons, sharing intelligence, and sending advisers. All of this is more or less coordinated with the White House.
Challenges to these debts cannot be based on appeals to the letter of the law alone when the laws are biased in favor of creditors. There is, however, a legal principle for challenging otherwise legal debts: the principle of “odious debt.” Originally signifying debt incurred on behalf of a nation by its leaders that does not actually benefit the nation, the concept can be extended into a powerful tool for systemic change.
What is happening in Yemen is truly a heinous crime against humanity committed by Western governments. It is an unspeakable crime. And that is why the Western media will not dare talk about it. The Western media are obliged to ignore, obfuscate and distort the shocking truth of what their governments are committing in Yemen.
This makes the Western media just as complicit in the appalling criminality.
[W]hen a senior journalist complains of ‘intimidation and bullying’ by the public, making comparison’s to ‘Vladimir Putin’s Russia’, the mind really boggles at the distortion of reality. Those were claims made by Robinson, the BBC’s outgoing political editor, using an appearance at the Edinburgh international book festival to settle a few scores.
The era of central banks printing electronic cash in a QE free-for-all – cheap money directly boosting “market volatility” – may not be over, yet. Let’s see what happens this Thursday, when a symposium of central bankers in Jackson Hole, Wyoming, will be examining what to do about “market volatility”.
Central banks absolutely love to drive up stock market prices for the benefit of the 0.0001 percent. So expect more delusion ahead. But be sure everything that’s solid melts into air. Including the neoliberal dream.
If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. . . . It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People.
It’s not about the dead, nor is it even really about Assad. It is about destroying Syria and achieving geopolitical objectives which have been thus far unattainable due to the stubborn resolve of Damascus and its military. Ultimately, this war is about remaking the Middle East, no matter how many bodies it takes. Sadly, the dead of Douma are little more than tinder to those desperate to set Syria and the region ablaze.
“The people have the power, all we have to do is awaken that power in the people. The people are unaware. They’re not educated to realize that they have power. The system is so geared that everyone believes the government will fix everything. We are the government.”—John Lennon
If the U.S. government’s hope was that the combination of Kerry’s hasty judgment and the DNI’s supportive “Government Assessment” would pin the P.R. blame for MH-17 on Putin and Russia, the gambit clearly worked. The U.S. had imposed serious economic sanctions on Russia the day before the shoot-down – but the Europeans were hesitant. Yet, in the MH-17 aftermath, both U.S. and European media were filled with outrage against Putin for supposedly murdering 298 innocents.
Washington wants regime change and it’s not going to stop until Assad is gone. That means there’s going to be a war, a war that will pit the United States against Syria, Iran and Russia.
Has anyone in Washington even thought about what that might mean?
Not only are the Saudis unhappy with the US shale oil intrusion on their oily Kingdom. They are more than upset with the recent deal the Obama Administration made with Iran that will likely lead in several months to lifting Iran economic sanctions. In fact the Saudis are beside themselves with rage against Washington, so much so that they have openly admitted an alliance with arch foe, Israel, to combat what they see as the Iran growing dominance in the region—in Syria, in Lebanon, in Iraq.
Today’s visualization breaks down $59.7 trillion of world debt by country, as well as highlighting each country’s debt-to-GDP ratio using colour. The data comes from the IMF and only covers public government debt. It excludes the debt of country’s citizens and businesses, as well as unfunded liabilities which are not yet technically incurred yet. All figures are based on USD.