United States

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

What we may be witnessing here is the 1% going after the 10% of people who, according to German researcher Margrit Kennedy, do not need to borrow but are “net savers.” Today the remaining 90% are “all borrowed up.” Either they are unwilling to borrow more or the banks are unwilling to lend to them, since they are poor credit risks. Who, then, is left to feed the machine that feeds the 1%, and more specifically the 0.001%?

Revolution Is in the Air

WASHINGTON, D.C—The sustained, daily civil disobedience at the Capitol by demonstrators denouncing the capture of our political system by corporate money is part of one of the largest and most important movements for social justice since the Occupy uprising. Join it. Six hundred of the protesters have been arrested, and I was among 100 arrested Friday. The protesters, organized by […]

The man who brought jihad to Britain, did so thanks to MI6

A BBC ‘investigation’ into Deobandi extremism bears the hallmarks of Whitehall propaganda. “The radicalisation of Britain’s Muslim youth of Pakistani origin began in the mid-1990s with the full knowledge and complicity of British and US intelligence agencies.” — B. Raman, former head of the counter-terrorism division at India’s foreign intelligence agency, RAW, from 1988 to 1994 Last week, BBC News […]

What in the World is Going on with Banks this Week?

Emergency meetings, banker summits, crashing European banks, and the worst bank reports since the Great Recession.
Just about every major banker and finance minister in the world is meeting in Washington, DC, this week, following two rushed, secretive meetings of the Federal Reserve and another instantaneous and rare meeting between the Fed Chair and the president of the United States. These and other emergency bank meetings around the world cause one to wonder what is going down.

Panama Papers: Bear in the Woods

If the auspiciously named ICIJ and their partner journalists were actually interested in excising this offshore cancer for want of a better world, they would be demanding that all corporations and officials in positions of significant influence publish their tax affairs for ICIJ or public examination. It would be releasing all the Panama Papers: at the very least to independent journalists for them to report on or at best in a public database.

Hillary Clinton and Haiti

The idea was to transform Haiti into a Taiwan of the Caribbean, with maquiladoras, an apparel industry, tourism, and call centers. These would be the niche sectors that would guide the new cooperation framework.

In this plan, the particularities of Haiti itself didn’t matter much.

Panama Papers cause Guardian to collapse into self-parody

You’d be forgiven for thinking, given the above picture, that the Panama Papers had something to do with Vladimir Putin. Maybe he was a kingpin of the whole thing. Maybe he was, at least, among the 12 world leaders implicated in various shady financial practices – along with Petro Poroshenko, the saviour of Ukrainian democracy, and the King of Saudi […]