The 2008 financial crises and meltdown occurred because large banks were speculating in fraudulent risky loans that failed. When the meltdown occurred, banks turned to the federal government, who immediately bought into the idea that…
Category: EU
We are witnessing the slow agony of the dream of European integration, disintegrating without a single demonstration occuring anywhere, among its 500 millions of citizens. It is clear that European institutions are in an existential…
Russia reaps the rewards of dumping the dollar Russia is now the top crude exporter to China, the largest (or second largest, depending on whom you ask) oil demand growth country in the world. At…
Here’s what you need to know about the Syria peace talks: Four of the most powerful militias currently operating in Syria have been excluded from the negotiations. The Islamic State (ISIS), Jabhat al Nusra, the Syrian…
Let’s start with the IMF «reform» which will be in full effect in a few weeks. Even this mini «reform» had been repeatedly vetoed by the Empire of Chaos. Washington still holds the largest quota and voting shares in the IMF, ahead of Japan. But now China is in the 3rd place and BRICS members Brazil, Russia and India are in the top ten. This does not spell out radical change though. The US government still refuses to implement a full reform that will end up reducing the IMF’s global power. China, meanwhile, advances with facts on the ground such as the Asian Infrastructure Investment Bank (AIIB), and the BRICS with their New Development Bank (NDB), a serious attempt at breaking the stranglehold of a fraudulent – and hyper exploitative – monetary and financial system.
Let us state the obvious. Capitalism has failed. It has failed because it failed to deal with climate change. This was a forseeable, and foreseen disaster. We knew it, without any reasonable doubt, by the late…
The World Economic Forum in Davos is submerged by a tsunami of denials, and even non-denial denials, stating there won’t be a follow-up to the Crash of 2008. Yet there will be. And the stage…
What is all the excitement around the Bernie Sanders diatribes that have the Occupy Democrats drooling? According to 170 Top Economists Pen Letter Backing Bernie Sanders’ Plan To Break Up The Biggest Banks, the argument…
India and the BRICS are giving the US dollar the boot? Is it really so? The last time a country decided to dump the dollar in the oil business, the US destroyed it. Now India,…
In the last years of the 20th century fraud entered US foreign policy in a new way. On false pretenses Washington dismantled Yugoslavia and Serbia in order to advance an undeclared agenda. In the 21st…