A Story in Three Pieces
I should have suspected that the future would not be anything like it had been promised to us in 1977. During a compulsory sex education course one of our football coaches had the indubitable privilege of referring to our nether regions as, “gentiles.” Continue reading
Posted in Art, Books, Music & Film, Censorship, Human Relationships, Military, Torture, War and Peace
Tagged class war, ecocide, economy, free speech, imperialism, short story, Torture, War Crimes
By Al Lewis
Dow Jones Newswires
We have finally reached the point in our financial history where even bankers hate bankers.
Last week, the Federal Reserve Bank of Dallas issued its 2011 annual report with a 34-page essay, “Why We Must End Too Big To Fail—Now.” The report stops short of calling our nation’s largest banks terrorists, but it does dub them “a clear and present danger to the U.S. economy.”
The US in the 1930s:
This whole student loan apocalypse is another confetti currency bubble scam. There are many parallels to the housing bubble, except, of course, that people can’t live inside those useless degrees obtained with borrowed money that can never be repaid.
The availability of the loans is driving ludicrous tuition increases, just like the funny money mortgages inflated the real estate market.
By The Economic Collapse
Most people have no idea that Wall Street has become a gigantic financial casino. The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.
The word “derivatives” sounds complicated and technical, but understanding them is really not that hard. A derivative is essentially a fancy way of saying that a bet has been made. Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before.
Posted in Economy Economics
Tagged AIG, bailouts, Bank of America, banksters, Citigroup, Derivatives, economy, financial weapons of mass destruction, goldman sachs, JPMorgan Chase, morgan stanley, occupy wall street, ows, ponzi scheme, TARP, wall street
By Keiser Report
This week Max Keiser and co-host, Stacy Herbert, talk about Marie Antoinette’s last words on a banner at the Chicago Board of Trade, and much more.
By Robert C. Koehler
“The Future is calling and has some serious concerns. Please pick up.”
It’s a Sunday afternoon, fivish, the sun is sinking and a chill is in the air. Ah, Chicago, vibrant with culture, crime and capital, but sort of dead at this hour of the ebbing weekend. I’m downtown and I’m not sure if the future is calling, but my heart is pounding as I walk west on Jackson to LaSalle, in the shadow of the great edifices of capitalism.
At 230 South LaSalle, in front of the Federal Reserve Bank, about a hundred people are gathered in informal clusters. Signs abound, some in people’s hands, others propped against the curb or a wall: “Trillions are missing from the Department of Defense.” “Wall Street needs adult supervision.” “I am Troy Davis.” “Sick and tired and denied all benefits. I am the 99%.” Written in orange chalk on the sidewalk: “If Iceland can let banks fail so can we.”
By New York City General Assembly
This document was accepted by the NYC General Assembly on September 29, 2011:
As we gather together in solidarity to express a feeling of mass injustice, we must not lose sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies.
As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon corruption of that system, it is up to the individuals to protect their own rights, and those of their neighbors; that a democratic government derives its just power from the people, but corporations do not seek consent to extract wealth from the people and the Earth; and that no true democracy is attainable when the process is determined by economic power. We come to you at a time when corporations, which place profit over people, self-interest over justice, and oppression over equality, run our governments. We have peaceably assembled here, as is our right, to let these facts be known.
Posted in Animals, Economy Economics, Energy, Environment, FDA, USDA, Food & Farming, Healthcare, Housing, Labor, Land Grab, Prisons, Privacy, Resistance
Tagged banksters, class war, economy, food control, Housing, jobs, occupy nyc, occupy wall street, ows, troy davis, unions
By Pablo Ouziel
The Peoples Voice
With the current ‘Audacity of Hope’ entering its terminal phase, Americans engaged in social movement activity are finally catching up with their brothers and sisters in other parts of the World. What took a long time to flourish – despite the numerous calls from academics and activists from within the United States and from outside of its shores – has finally erupted into what is rapidly becoming the turning point in the relationship between people and markets (and people and government), at the heart of America’s unstable empire.
Wall street is now occupied and global indignation against plutocratic rule has reached its climax, it has come face to face with its source.
Posted in Economy Economics, Resistance
Tagged American Fall, arab spring, banksters, civil disobedience, democracy, economy, European Summer, occupy wall street, Plutocracy, protest
Olbermann interviews Michael Moore who says, “I think there needs to be a multi-pronged approach” urging civil disobedience locally as well as nationally, and refusing to move out under a foreclosure notice since no one owns your mortgage any more. “The banks lost them,” he says, when they bundled them into their little Ponzie schemes.
Posted in Economy Economics, Housing, Labor, Resistance
Tagged banksters, chris hedges, class war, economy, foreclosures, mace, mortgage fraud, police brutality, protest, Recession, Resistance, Unemployment, wall street
More Proof of DoJ Lack of Interest in Enforcing the Law: The Case of the Kickback-Demanding Banks
By Yves Smith
In this world of rampant banking miscreance, it may seem hard to get worked up about $6 billion in impermissible kickbacks. But this is a case of a clear-cut legal violation, with the particulars sent to the Department of Justice by the HUD Inspector General’s office on a silver platter. And one of the alleged big bad actors was the ever-sanctimonious Wells Fargo.
American Banker has a detailed write-up of a kickback scheme between major banks who were mortgage originators, in particular Wells, Citigroup, Countrywide, and SunTrust and mortgage insurers.
Posted in Economy Economics, Housing
Tagged banksters, Citigroup, Countrywide, dept of justice, economy, Foreclosure Task Force, government bribes, housing urban development, hud, kickbacks, mortgage fraud, SunTrust, Wells Fargo
By Naomi Klein
I keep hearing comparisons between the London riots and riots in other European cities—window smashing in Athens, or car bonfires in Paris. And there are parallels, to be sure: a spark set by police violence, a generation that feels forgotten.
But those events were marked by mass destruction; the looting was minor. There have, however, been other mass lootings in recent years, and perhaps we should talk about them too. There was Baghdad in the aftermath of the US invasion—a frenzy of arson and looting that emptied libraries and museums. The factories got hit too. In 2004 I visited one that used to make refrigerators. Its workers had stripped it of everything valuable, then torched it so thoroughly that the warehouse was a sculpture of buckled sheet metal.
Back then the people on cable news thought looting was highly political. They said this is what happens when a regime has no legitimacy in the eyes of the people.
How new media, old media and rampant unemployment combined to stoke the worst riots Britain has seen in years
BY Michael Goldfarb
LONDON, United Kingdom — I knew we were in for a rough night here in Stoke Newington in the London Borough of Hackney when my wife called me at 5 p.m. from Sainsbury’s, our local supermarket, to say she was in a lock down. They were shuttering the place and the police were telling her trouble had already started outside the Hackney Town Hall. The cops told her to go home and stay off the streets.
I took her call as I was walking into the local library to return a book. Inside, the librarians were watching a BBC live feed on their computers of action a mile and a half away. One of the librarians explained he lived over there.
Posted in Economy Economics, Neoliberalism, NWO, Resistance
Tagged austerity, banksters, class war, david cameron, economy, jobs, london riots, protest, Unemployment
Destitute: Charlie Errickson, 54, sat eating his lunch outside his shelter as he struggles to survive. Ocean County is trying to shut the makeshift city down.
By Daily Mail Reporter
In scenes reminiscent of the Great Depression these are the ramshackle homes of the desperate and destitute U.S. families who have set up their own ‘Tent City’ only an hour from Manhattan.
More than 50 homeless people have joined the community within New Jersey’s forests as the economic crisis has wrecked their American dream.
And as politicians in Washington trade blows over their country’s £8.8 trillion debt, the prospect of more souls joining this rag tag group grows by the day.
Building their own tarpaulin tents, Native American teepees and makeshift balsa wood homes, every one of the Tent City residents has lost their job.