UK reporter Jonathan Pie eloquently explains the economy.
Showing posts with label banksters. Show all posts
Showing posts with label banksters. Show all posts
29 Oct 2015
15 Apr 2014
2 Dec 2013
Noam Chomsky: America Hates Its Poor
An article that recently came out in Rolling Stone, titled “Gangster Bankers: Too Big to Jail,” by Matt Taibbi, asserts that the government is afraid to prosecute powerful bankers, such as those running HSBC. Taibbi says that there’s “an arrestable class and an unarrestable class.” What is your view on the current state of class war in the U.S.?
Well, there’s always a class war going on. The United States, to an unusual extent, is a business-run society, more so than others. The business classes are very class-conscious—they’re constantly fighting a bitter class war to improve their power and diminish opposition. Occasionally this is recognized.
We don’t use the term “working class” here because it’s a taboo term. You’re supposed to say “middle class,” because it helps diminish the understanding that there’s a class war going on.
It’s true that there was a one-sided class war, and that’s because the other side hadn’t chosen to participate, so the union leadership had for years pursued a policy of making a compact with the corporations, in which their workers, say the autoworkers—would get certain benefits like fairly decent wages, health benefits and so on. But it wouldn’t engage the general class structure. In fact, that’s one of the reasons why Canada has a national health program and the United States doesn’t. The same unions on the other side of the border were calling for health care for everybody. Here they were calling for health care for themselves and they got it. Of course, it’s a compact with corporations that the corporations can break anytime they want, and by the 1970s they were planning to break it and we’ve seen what has happened since.
This is an excerpt from the just released second edition of Noam Chomsky’s “Occupy: Class War, Rebellion and Solidarity,” edited by Greg Ruggiero and published by Zuccotti Park Press.
2 Aug 2013
International Banking Conspiracy
A documentary looking at banking tycoons: from the Rothschild family in Europe to JP Morgan and others in the US. How banks not only control governments but also appoint politicians through huge campaign donations.
Governments at the service of the major banks, the best example: the Obama administration and the history's biggest bail out of the same institutions that caused the Great Recession.
Also looking at the International Banking Cartel led by the Bank for International Settlement (in Basel, Switzerland) known as the bank of central banks (58 central banks) and The US Federal reserve System.
16 May 2013
Bill Oddie's BankWatch
The UK's biggest bank has so far made around £100 million by providing loans and services to some of the most destructive logging companies in the world, often in violation of its own policies.
4 Apr 2013
Leaks reveal secrets of the rich who hide cash offshore
Millions of internal records have leaked from Britain's offshore financial industry, exposing for the first time the identities of thousands of holders of anonymous wealth from around the world, from presidents to plutocrats, the daughter of a notorious dictator and a British millionaire accused of concealing assets from his ex-wife.
The leak of 2m emails and other documents, mainly from the offshore haven of the British Virgin Islands (BVI), has the potential to cause a seismic shock worldwide to the booming offshore trade, with a former chief economist at McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) stashed in overseas havens.
In France, Jean-Jacques Augier, President François Hollande's campaign co-treasurer and close friend, has been forced to publicly identify his Chinese business partner. It emerges as Hollande is mired in financial scandal because his former budget minister concealed a Swiss bank account for 20 years and repeatedly lied about it.
In Mongolia, the country's former finance minister and deputy speaker of its parliament says he may have to resign from politics as a result of this investigation.
But the two can now be named for the first time because of their use of companies in offshore havens, particularly in the British Virgin Islands, where owners' identities normally remain secret.
The names have been unearthed in a novel project by the Washington-based International Consortium of Investigative Journalists [ICIJ], in collaboration with the Guardian and other international media, who are jointly publishing their research results this week.
13 Mar 2013
10 Mar 2013
Systemic Economic Collapse:
A Brief History of Market Manipulation
As the major stock indices hit new record highs, many are left wondering how such a bull market can develop while the average worker faces layoffs, lower wages and rising costs. The answer presents itself in the documented, admitted and openly acknowledged manipulations of the markets by governments, central bankers, and institutional banks.
11 Feb 2013
7 Feb 2013
Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks.
It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that "it is not accountable to any single national government." The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.
24 Jan 2013
22 Jan 2013
Goldman bankers get rich betting on food prices as millions starve
Goldman Sachs made more than a quarter of a billion pounds last year by speculating on food staples, reigniting the controversy over banks profiting from the global food crisis.
Less than a week after the Bank of England Governor, Sir Mervyn King, slapped Goldman Sachs on the wrist for attempting to save its UK employees millions of pounds in tax by delaying bonus payments, the investment bank faces fresh accusations that it is contributing to rising food prices.
Goldman made about $400m (£251m) in 2012 from investing its clients' money in a range of "soft commodities", from wheat and maize to coffee and sugar, according to an analysis for The Independent by the World Development Movement (WDM). This contributed to the 68 per cent jump in profits for 2012 Goldman announced last week, allowing it to push up the average pay and bonus package of its bankers to £250,000.
The extent of Goldman's food speculation can be revealed after the UN warned that the world could face a major hunger crisis in 2013, after failed harvests in the US and Ukraine. Food prices surged last summer, with cereal prices hitting a record high in September.
30 Dec 2012
Bugger The Bankers
Performed by The Austerity Allstars
Now all you good people - by popular demand, you can now download Bugger The Bankers (full track or karaoke backing track so you can sing along in your own styley) for just £1 here: theausterityallstars.bandcamp.com
27 Dec 2012
The Story Behind The Wonderful Wizard of Oz
Dorothy, a sort of proverbial ‘Everywoman’, lands on the Wicked Witch of the East (the East-coast bankers), killing her, so freeing the Munchkins, the down-trodden poor, but the Wicked Witch of the West (the West-coast bankers) remains loose.
To deal with her and to get back to Kansas (normality), the Good Witch of the North, representing the electorate of the North (this is less than 40 years after the civil war), tells Dorothy to seek out the Wizard of Oz (‘oz’ being short for ounce, the means of weighing both gold and silver). She also gives her a pair of silver slippers (as they were in the book – they became ruby ones in the film). Only these silver slippers will enable her to remain safe on the yellow-brick road, representing the bankers’ gold standard, as she heads towards the Emerald City, representing Washington DC.
On her journey, Dorothy encounters a Scarecrow, representing the farmers, who do not have the wit to understand how they can end up losing their farms to the banks, even though they work hard to grow the food to feed a hungry nation. If only they could think it through!
Next, she encounters a Tin Woodsman, representing the industrial workers, rusted as solid as the factories of the 1890s depression, and who have lost the sense of compassion and co-operation to work together to help each other during hard times. Also, a spell cast upon him by the Wicked Witch of the East meant that every time he swung his axe, he chopped off a bit of himself – he downsized!
Then the growing party encounters a Cowardly Lion, representing the politicians. These have the power, through the power of Congress and the Constitution, to confront the Wicked Witches, representing the banks, but they lack the courage to do so.
Dorothy is able to motivate these three potent forces and leads them all towards the Emerald City, whence ‘greenbacks’ had once come, and an encounter with the omnipotent and wonderful Wizard of Oz.
16 Dec 2012
13 Dec 2012
Rolling Stones Expose Banksters, Endless Wars and the NWO
After 50 years in the Rock n’ Roll business, the Rolling Stones, the Heavy Weight Champions of Rock n’ Roll, have released a new greatest hits package that includes a hard-hitting, anti-establishment single titled, “Doom and Gloom.”
Just in time for the so-called apocalypse, “Doom and Gloom” proves once again that these guys can still deliver by sticking to their roots.
The music video depicts the destruction of the American empire as perpetual war and greedy bankers cast the population into an economic abyss. And there’s lots of symbolism in this piece, from the increase in poverty to the overcrowded prison system and even the poison in our food supply.
“We sell ‘em missiles, We sell ‘em tanks;
We give ‘em credit, you can call the bank;
It’s just a business, You can pay us in crude;
You love these toys, just go play out your feuds;
Got no pride, don’t know whose boots to lick;
We act so greedy, makes me sick sick sick.
“We walk the highwire, Sending the men up to the front line
Hoping they don’t catch the hell fire, With hot guns and cold, cold nights.”
“This is not about the war. It’s about how you build up some shaky dictator. You can’t build them up, ’cause then you’ve got to slam them down,” guitarist Keith Richards reportedly said at the time of the “Highwire” release.
3 Oct 2012
'Banks rob us!'
Canadian girl becomes Internet sensation after exposing banksters. Economists around the world are struggling to break free of the clutches of the financial crisis. But a twelve-year-old Canadian knows what needs to be done. Victoria Grant took the Internet by storm overnight, after a video of her slamming Canada's banks for robbing the people went viral. RT talks to internet sensation Victoria Grant and her mother Marcia Grant. See her full speech here.
10 Aug 2012
US Drops Probe Into Goldman Sachs Mortgage Scam
The U.S. Securities and Exchange Commission has dropped an investigation into Goldman Sachs Group Inc's role in selling $1.3 billion worth of subprime mortgage securities, the investment bank said in a regulatory filing on Thursday.
In February, Goldman received a so-called Wells notice from SEC staff related to disclosures in the deal's offering documents. Such notices typically indicate the agency plans to take some kind of enforcement action, and gives firms a chance to respond.
On Monday, the SEC notified Goldman that the investigation had been closed and that it did not intend to recommend any enforcement action against the bank related to the offering, Goldman said in its quarterly 10-Q filing with the SEC.
8 Aug 2012
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