Doomsday Denial: Collapse 2.0 looms as UK calm before storm
YouTube — RT The UK is bracing itself to hear about public spending cuts worth tens of billions of pounds. The coalition government will reveal…
Debt
Big Banks, Hedge Funds Become Surrogate Tax Collectors
Youtube – HuffPostFund Wall Street titans have a new sweet spot — as surrogate tax collectors. They see profits in tacking on fees and threatening…
Foreclosuregate: Time to Break Up Too-Big-to-Fail Banks?
Ellen Brown Web Of Debt Looming losses from the mortgage scandal dubbed “foreclosuregate” may qualify as the sort of systemic risk that, under the new…
Debt market strips U.S. of triple-A rating
Colin Barr Fortune The United States has lost its gold-plated triple-A rating — in the eyes of credit traders, at least. U.S. sovereign debt was…
In Defense of Ellen Brown
Anthony Migchel Real Currencies Gary North on Rockwell’s site comes with a fairly vicious attack on Ellen Brown. He calls her a ‘Greenbacker’ as if…
S&P: 60% of countries will be bankrupt within 50 years
Predicts US will have a debt of 415% of GDP by 2050 Daniel Tencer Raw Story Some sixty percent of the world’s economies will be…
Cash-Strapped States Resurrect “Debtors’ Prisons”
Nadia Prupis Truth Out Two reports published by NYU’s Brennan Center for Justice and the American Civil Liberties Union (ACLU) reveal a rising trend of…
The Essence of the Banking Industry – To Make Us All Debt Slaves
The Prison Industry: Big Business or New Form of Slavery
Vicky Pelaez NORML HUMAN rights organizations, as well as political and social ones, are condemning what they are calling a new form of inhumane exploitation…
Illinois Pays More Than Mexico as Cash-Strapped States Sell Bonds Overseas
William Selway Bloomberg Illinois capital-markets director John Sinsheimer and Citigroup Inc. bankers took a globe-girdling trip from the U.K. to China in June to persuade…
Globalism Destroys America’s Middle Class
Dr. Jerome Corsi Global Research A series of reports released by the Census Bureau this month make clear the income gap between the richest and…
Financial Warfare and the Failure of US Military Leadership
Damon Vrabel Lew Rockwell The “War on Terror” has become the most successful military diversion in history, having lasted twice as long as WWII so…
TARP is Done, but Count on Sequels
Gretchen Morgenson NY Times THE government is pulling a sheet over TARP, the Troubled Asset Relief Program created during the panic of 2008 to bail…
Shock Therapy for Wall Street: Banking Giants Suspend Foreclosures
Ellen H. Brown Web of Debt “Maybe this is like shock therapy. Maybe this will actually get the lenders to the table and encourage them…