“Neither national nor European worker protection laws apply to the ECB, because it is not part of any nation. Nor is it a European state,” said an ECB staffer.
Public Banking
Quantitative Easing for People: The UK Labour Frontrunner’s Controversial Proposal
One would hope that Cameron and Osborne fully understand the mechanics of modern money creation (although a recent survey by Positive Money shows 90% of their fellow MPs do not). Most of our money is created by private banks when they make loans. It doesn’t have to be this way. Another world is possible.
Corbyn and challenges to political power
By the time politicians reach Westminster, they do not need to be recruited to a cabal. They have simply proven over a long period that they have a strong ideological fit with the institutions that govern us. If not, their careers would have stalled much earlier, in the lower rungs of these institutions, or they would have “dropped out”. The same processes select those who fill top posts in the media and other influential “professions”.
Jeremy Corbyn is not leading a campaign he is leading a movement
The ideas and vision that Jeremy Corbyn represents, for so long buried beneath a ton weight of Thatcherite ideology, have risen from their slumber and are now part of the mainstream political discourse again, breathed new life by thousands of young people who demand a real and humane alternative to the thin gruel that passes for reality today.
Chris Leslie has got Corbynomics wrong
People’s quantitative easing is instead a highly directed process where the debt that is repurchased has been deliberately created and issued either by a green investment bank or by local authorities, health trusts and other such agencies for the specific purpose of funding new investment in the economy at the time when big business and financial markets are completely failing to deliver the scale of investment that is needed to get the UK working again and to restore our financial prosperity.
IMF “trained” Greek journalists in Washington D.C. to spin stories in favor of IMF and European Commission
Greece’s former representative to the IMF, Panagiotis Roumeliotis, in front of the special parliamentary committee on the Greek debt, said that several Greek journalists were “trained” in Washington D.C. in order to support the positions of the IMF and the European Commission in Greek media.
Starvation Is The Price Greeks Will Pay For Remaining In The EU
The deal is that Greece gets new loans with which to repay existing loans in exchange for selling municipal water companies to private investors (water rates will go up on the Greek people), for selling the state lottery to private investors (Greek government revenues drop, thus making debt repayment more difficult), and for other such “privatizations” such as selling the protected Greek islands to real estate developers.
The austerity of political debate
And the political fare on offer is all manufactured and presented to placate big business, to court corporate approval and to ensure that the ways in which we vent our dissatisfaction is safely-boundaried by QuestionTime-type ‘participation’.
Iceland To Take Back The Power To Create Money
Iceland’s government is considering a revolutionary monetary proposal – removing the power of commercial banks to create money and handing it to the central bank. The proposal, which would be a turnaround in the history of modern finance, was part of a report written by a lawmaker from the ruling centrist Progress Party, Frosti Sigurjonsson, entitled “A better monetary system for Iceland”.
Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?
Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts. Under the TPP and TTIP, however, publicly-owned banks on both sides of the oceans might wind up getting sued for unfair competition because they have advantages not available to private banks.
Message From Greece
We hope that the calls and solidarity actions will grow even more on Greek and international level and we encourage you to do your best in turning the conflict over Greece in a change for all Europe and beyond.
The Case to “Reinstate” the Bank of Canada
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.
Recent
Jimmy Carter: The False Savoir
Ex-NHS surgeon breaks down in Parliament as he describes Israeli Atrocities in Gaza
Sky News’ Kay Burley, Channel 4 News’ Krishnan Guru Murthy: Wanted for Abetting Genocide
Tony Golden Memorial Cycle 2024
‘Cast Your Whole Vote, Not A Strip of Paper Merely’.
Julian Assange Home! And Free!
Julian Assange Free – but it’s not over just yet
‘This Is A Sharp Time’ – Israel’s ‘Day Of Joy’
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