Recession Causing a Banking Awakening in Tough-Hit Midwest
Will establishing citizen-owned state banks be the first step to ending the private Federal Reserve? Eric Blair Activist Post A mass banking awakening seems to…
Economy
Economists Herald New Great Depression
Steve Watson Prison Planet The world is currently experiencing the modern day equivalent of the Great Depression, according to a prominent economist who has added…
U.S. Dollar Now Ripe for Catastrophic Devaluation
Giordano Bruno NietherCorp Press Normally when I cover subjects in the economy, I try to take a “macro” approach, giving an overall view of various…
Wheat Crisis Threatens Inflationary Time Bomb, Food Riots
Paul Joseph Watson Prison Planet Global food prices skyrocketing as a result of devastating weather conditions, hedge fund speculation Russia’s ban on wheat exports following…
Fed set to downgrade outlook in the U.S.
James Politi Finacial Times The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways…
Flashback VIDEO: Pro-State Bank Gov. Candidate Bernero OWNS Fox News Host
Activist Post Former Lansing Mayor and current Democratic candidate for Governor of Michigan Virg Bernero in a flaskback video where he owns Fox News anchor…
Dollar nears 15-year low versus yen
Vivianne Rodrigues Reuters The U.S. dollar approached a 15-year low against the yen on Friday and fell against the euro after news that the United…
What a Collapsing Empire Looks Like
Glenn Greenwald Salon As we enter our ninth year of the War in Afghanistan with an escalated force, and continue to occupy Iraq indefinitely, and…
Proponent of State-Owned Bank Wins Democratic Nod in Michigan Governor’s Race
Darcy G. Richardson Uncovered Politics Lansing Mayor Virg Bernero, one of at least a dozen candidates pushing the idea of a publicly-owned bank in the…
Escaping the Sovereign Debt Trap: The Remarkable Model of the Commonwealth Bank of Australia
Ellen Brown Blacklisted News Virg Bernero, the mayor of Lansing, Michigan, just won the Democratic nomination for governor of his state, making a state-owned Bank…
Libraries Closing Despite Rise in Attendance
My Fox NY New Jersey’s most impoverished city will close all three branches of its public library at year’s end unless a rescue can be…
US Postal Service loses $3.5 bln in third quarter
Reuters * Postal Service concerned with future liquidity * Says regulatory changes necessary for fiscal stability * Customer group disputes prediction for cash shortfall (Adds…
Tony Blair Must Be Arrested
John Pilger New Statesman Having helped destroy other nations far away, our former prime minister — “peace envoy” to the Middle East — is now…
An Avoidable Depression
Mike Whitney Counterpunch The economy has gone from bad to worse. On Friday the Commerce Department reported that GDP had slipped from 3.7% to 2.4%…