Global Derivatives: $1.5 Quadrillion Time Bomb

A casino culture of anything goes persists. When counter-parties don’t have funds to pay on demand, bubbles begin deflating. It’s just a matter of time before current market mania ends. When investing becomes gambling, bad…

BRICS Bank Opens for Business

Its Shanghai-based New Development Bank (NDB) represents the beginning of a significant challenge to predatory Western financial institutions – the IMF, World Bank and other loan shark lenders of last resort. The IMF was established to stabilize exchange rates linked to the dollar and bridge temporary payment imbalances. The World Bank’s mandate was to provide credit to war-torn developing countries. Both bodies proved hugely exploitive – using debt entrapment to transfer public wealth to Western bankers and other major creditors.

Banker Occupied Greece: Requiem for a Failed State

It’s all over but the obituary. Rubber-stamp Greek parliamentarians overwhelming approved transforming the nation into a banker run colony –  by a 229 – 64 vote. Six lawmakers abstained. Coalition partner Independent Greeks leader Panos…

Obama Threatens War on Humanity

Permanent war is official US policy. Obama is the latest in a long line of rogue warrior presidents. He’s waged multiple direct and proxy wars. He’s done so throughout his tenure. He has lots more…

US Imperial Agenda and “Pivot” to Asia

Major media editors support what demands condemnation. Wall Street Journal editors are worse than most. They endorse Washington’s imperial agenda. They believe might makes right. On January 2, they headlined ”Victory in Okinawa,” saying: “…Japanese authorities will allow the US military to relocate an air base on the strategically significant island of Okinawa.” “Think of it as a triumph of democratic realism in the face of renewed regional threats.” America’s presence constitutes the most significant regional threat by far. Not according to Journal editors. They falsely accused China of “saber-rattling.” They want its “aggressive behavior deterred.” They claimed “nervous officials across Asia” want defense ties with America strengthened. Washington pressures them to do so.