In essence, they want the Bank of Canada to provide interest-free loans to the federal, provincial, and municipal governments, as provided for in the Bank of Canada Act.
Financial Crisis
Greece Under Attack: Pray For Yanis Varoufakis
if the new Greek government is able to stand its ground and to prevent the continuation of the horrific looting of the Greek people, assassination of its leading members is not unlikely.
Greece needs an exit option
There is no guarantee that Greece will be as successful with a return to the drachma, but there are reasons for optimism. First and foremost, the country now has both a primary budget surplus and a trade surplus. The primary budget refers to the national budget without counting interest payments. Greece is running a primary budget surplus of more than 3 percent of GDP (the equivalent of $500 billion a year in U.S. GDP). This means that if it didn’t have to pay interest on its debt, it would not need to borrow to make ends meet.
Trojan hearse: The Greek Elections and the Euro Leper Colony
The Syriza chief is blissfully ignorant of the history of the euro. The horror of austerity is not the consequence of Greek profligacy – it was designed into the euro’s plan from the beginning, writes GREG PALAST
How To Stop an Eviction
Paralyzing an eviction is an act of civil disobedience: we understand it against laws that we consider unjust, actively disobeying them is not only a right but also a duty of the population. This disobedience is not gratuitous: it is
rooted in a superior legality systematically violated by the Spanish state: that of human rights.
EU Showdown: Greece Takes on the Vampire Squid
Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
Why Do We put Up With Parasitic Inbreds or Their Media Sycophants?
And as for freedom of speech and expression, we need only look back to the most recent royal wedding to see how even these sacred ‘shining British values’ can be exposed as pure illusion
Rigging the Market
Allegedly the US is experiencing economic recovery. Normally with rising economic activity interest rates rise as consumers and investors bid for credit. But not in this “recovery.”
Normally an economic recovery produces rising consumer spending, rising profits, and more investment. But what we experience is flat and declining consumer spending as jobs are offshored and retail stores close.
The Global Bankers’ Coup: Bail-In and the Shadowy Financial Stability Board
It seems the world’s bankers have executed a bloodless coup and now represent all of the people in the world. . . . President Obama agreed at the G20 meeting in London to create an international board with authority to intervene in U.S. corporations by dictating executive compensation and approving or disapproving business management decisions. Under the new Financial Stability Board, the United States has only one vote. In other words, the group will be largely controlled by European central bankers. My guess is, they will represent themselves, not you and not me and certainly not America.
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.
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.
Wall Street Journal Reports: Bank of North Dakota Outperforms Wall Street
That is how the Wall Street-owned media routinely write off the exceptional record of this lone publicly-owned bank, crediting it to the success of the private oil industry. But the boom did not make the fortunes of the bank. It would be more accurate to say that the bank made the boom.
Recent
The Killing Fields of Lebanon as ‘Israel’ Lashes out Against Civilians
The Real Story Tying Starmer and Mandelson is Being Buried By A Conspiracy of Silence
Revealed: The internal police guidance on chanting ‘death to the IDF’
Media Exposed: Abby Martin Interview
Iran: A Warning to Washington
Marandi Exposes Times Radio Propaganda on Iran
Iran: War Updates and False Flags
‘Operation Epic Fury’ – Anatomy Of A War Of Aggression
Popular
- Russiagate, Corbyn and the Crimes of the Corporate Media 13 comments
- Evidence Begins To Indicate Gary Webb Was Murdered 12 comments
- BBC forced to admit it misled over Palestine 9 comments
- Jon Snow and the Murdered Children: His Six-Figure Salary Cannot Buy a Clear Conscience 7 comments
- What’s Wrong With Channel 4 News? Part Three: The Making of a Corporate Journalist 6 comments
- For Jim 6 comments
- BREXIT: John Pilger Explains why the British said No to Europe 5 comments
- Movie Review ‘The Damp Squibel’: Cult hit or hit cult? 5 comments
- Iraq Tells US ‘Get Out of Our Country!’ in Massive March in Baghdad 5 comments
- Jobcentre Misleading Claimants on Universal Jobmatch 4 comments