Economy

Debt = Serfdom

Debt-serfdom and the dominance of Financial Power are two sides of the same coin by Charles Hugh-Smith Let’s be clear about three things: 1. Too Big to Fail financialization is the metastasizing cancer that has crippled democracy and capitalism. 2. Financialization feeds on expanding debt and cannot survive without it. 3. Debt is serfdom. I have covered this in depth for […]

For Cyprus, The Pain Is Only Just Starting

If the suffering, yet docile, Cypriot serfs thought deposit confiscation would be the end of their problems under the European feudal system, they are about to be shocked by Zerohedge. Because as part of their banking sector bailout, the country is set to get a “loan” from the Troika, a loan which comes with a Memorandum of Understanding, aka a […]

Cyprus President’s Family…

Transferred Tens Of Millions To London Days Before Deposit Haircuts by Zerohedge A day after former Cypriot President Vassilou was found to be among many elite Cypriot (politicians and businessmen) who had loans written-off by the major (now insolvent) banks; it appears the rot is far fouler than expected. In a somewhat stunning (or purely coincidental) revelation, ENETEnglish reports that […]

The Democratization of Banking

Why Is Socialism Doing So Darn Well in Deep-Red North Dakota? by Les Leopold North Dakota is the very definition of a red state. It voted 58 percent to 39 percent for Romney over Obama, and its statehouse and senate have a total of 104 Republicans and only 47 Democrats. The Republican super-majority is so conservative it recently passed the nation’s […]

Money Fled From Cyprus

A Furious Cyprus Begins Investigating Who Breached The Capital Controls by Tyler Durden, Zerohedge On Monday we reported the very disturbing news that despite the ongoing liquidity blockade, capital controls and (somewhat) closed Cyprus banks, one particular group of people – the very same group targeted to prompt this whole ludicrous collapse of the island nation – Russian Oligrachs had found […]

The Secret of Oz

Documentary by Bill Still The Secret of Oz won best documentary of 2010 at the Beloit International Film Festival. It won the Silver Sierra Award for Excellence in Filmmaking at the Yosemite Film Festival. It won the Award of Merit at The Accolade Competition in La Jolla, California. It won the Silver Screen Award at the Nevada Film Festival. It’s […]

It Can Happen Here

The Confiscation Scheme Planned for US and UK Depositors by Ellen Brown Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, 2012, shows that […]

A Safe and a Shotgun or Publicly-owned Banks?

The Battle of Cyprus The Battle of Cyprus by Ellen Brown If these worries become really serious, . . . [s]mall savers will take their money out of banks and resort to household safes and a shotgun. – Martin Hutchinson on the attempted EU raid on deposits in Cyprus banks The deposit confiscation scheme has long been in the making. […]

Money For The People

Grillo’s Populist Plan for Italy by Ellen Brown Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy. Comedian Beppe Grillo was surprised himself when his Five Star Movement got 8.7 million votes in the Italian general election of February 24-25th. His movement is now the biggest single party in the […]

Economists and the One-Percent

“Whom the gods would destroy, they first make mad.” And if they would destroy economies, they first create a wealthy class on top, and let human nature do the rest by Michael Hudson The acquisition of power soon leads to its abuse, to economic and social hubris. By seeking to protect its gains, perpetuate itself and make its wealth hereditary, […]

97% Owned

New Documentary Released Today by Queuepolitely When money drives almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked – questions like: Where does money come from? Who creates it? Who decides how it gets used? And what does that mean for the millions of ordinary people who suffer when money and […]

Naming Names: Your Real Government

When dark deeds unfold, point the finger in this direction by Tony Cartalucci This is your real government; they transcend elected administrations, they permeate every political party, and they are responsible for nearly every aspect of the average American and European’s way of life. When the “left” is carrying the torch for two “Neo-Con” wars, starting yet another based on […]