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Thousands Moving Money to Black-Owned Banks

Singer Solange Knowles, sister of pop star Beyonce, recently announced that she was moving her dollars to a Black-owned bank. Last month,...
video

Video: Banksters Rule In Neo Feudal USA

Alex Jones talks with Gerald Celente about Bilderberg 2015 and how there are a different set of rules for those in power. Help us...

With Greg Hunter on USAWatchDog: Banks Will Take Deposits in the Coming Financial Meltdown,...

--2014--

761. Oct. 6-9, speaker, Praxis Peace Institute conference, THE ECONOMICS OF SUSTAINABILITY-Emerging Models for a Healthy Planet, Cowell Theater, Fort Mason, San Francisco

760. July 29-Aug. 5. Moving Beyond Capitalism conference, San Miguel de Allende, Mexico

759. July 9, speaker, 2014 Annual Conference of the Council of Georgist Organizations, Inc., Radisson Newport Beach Hotel, near the Orange County John Wayne Airport, 9:15 a.m. PT

758. May 26, interview, Wealth DNA Radio Show, Blog Talk Radio, wealthdna.us, noon EST

757. May 10, United We Stand Festival, Pauley Pavilion, UCLA,
https://unitedwestandfest.com/confirmed-guests/

756. May 1, interview with Stephen Lendman, The Progressive Newshour, 9 a.m. PDT

755. April 29, moderator, Great Minds #66 with Nomi Prins, Los Angeles, CA., 7 pm PT

754. April 23, Ellen interviews Nomi Prins on It's Our Money. Listen to archive here.

753. April 21, interview with Robert Stark and Jeff Crow, Valley Talk Live, centralvalleytalk.com, Fresno, 4:30 PT

752. April 17, interview Dr. Rima Truth Reports, with Dr. Rima Laibow, 10 pm EST

751. April 17, interview with Greg Hunter, USAWatchdog.com, 11:30 EST

750. April 8, It's Our Money with Ellen Brown, interiews Kevin Zeese and Margaret Flowers. Listen to archive here.

749. April 8, interview with Alan Butler, Butler on Business, Liberty Express Radio, 11:30 AM EDT

748. April 3, interview with Stephen Lendman, The Progressive Newshour, 9 a.m. PDT

747. April 3, interview with James Banks, KGNU radio, Boulder, CO, 5 p.m. PT

746. April 2, interview, WHDTWorldNews, Nextnewsnetwork.com, 10:30 a. m. PDT

745. March 26, 1 pm PDT, It’s Our Money with Ellen Brown. Ellen interviews Prof. ROBERT HOCKETT--fascinating background material for understanding the banks' role in the foreclosure mess and the eminent domain solution. Listen to the archive here.

744. March 24, interview with Kevin Zeese JD and Margaret Flowers MD, Clearing the FOG on We Act Radio, 1480 AM Washington, DC, 8 a.m. PDT

743. March 23rd, "Banking for the People—Not for Wall Street," Agenda for a Prophetic Faith Lecture Series, Claremont United Methodist Church, 211 W. Foothill Blvd., Claremont, CA 91711, http://www.claremontumc.org/, 7 pm PT

742. Apr. 13, Interview with Chris Moore, KDKA Pittsburgh, 5 pm EST

741. March 18, 2 pm, Democratic Club, Friendly Valley Conference Room, Newhall, CA.

740. March 13, interview with Fred Smart, American Underground Network, 8 pm, CDT

739. March 12, 12 pm PDT, It's Our Money radio show with Ellen Brown, featuring Prof. TIM CANOVA on the Federal Reserve. Listen to archive here.

738. March 4, interview with Tom Kiely, INN World Report, 4:30 PST

737. Feb. 23, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST

736. Feb 20, interview with Bill Deller, 3CR radio, Melbourne, Australia, 3 pm, PST

735. Feb. 17, interview, Strike Debt Bay Area, KPFA, Berkeley, 2 pm (?) PST

734. Feb16, interview with Gary Dubin, The Foreclosure Hour (http://www.foreclosurehour.com/the-host.html), 5 pm PST

733. Feb. 11, interview with Clint Richardson, RBN 5 pm PST

732. Feb 9, interview with Stephen Golden, DEFENDING THE AMERICAN DREAM, KABC Los Angeles, 6 am, PST Listen to the archive here.

731. Feb. 6, interview, Move to Amend Reports, http://www.blogtalkradio.com/movetoamend, 5 pm PST

730. Feb. 5, interview with Sinclair Noe, Financial Review, MoneyRadio.com, 9:30 am PST

729. January 30, interview, Kerry Lutz - Financial Survival Network, 12 pm EST

728. January 30, interview with Tom Kiely, INN World Report, 4:30 PST

727. January 29, interview on Latin Waves, 8 pm PST

726. January 28, Green Party Shadow Cabinet response to State of the Union Speech. http://www.livestream.com/greenpartyus 6 pm PST

725. January 26, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST. Listen here.

724. January 23, interview, The Tim Dahaney Show, 12 noon PST. Listen here.

723. January 22, interview with Utrice Leid, "Leid Stories,", PRN.FM, 1 pm EST

722. January 21, interview, Independent Underground Radio LIVE, 9:15 PST. Listen here.

721. January 12, Open Forum with Green Party candidates Luis Rodriguez, Laura Wells and Ellen Brown, hosted by LULAC (League of United Latin American Citizens) 11277 GARDEN GROVE BLVD., Garden Grove, CA. 2-4 pm

720. January 11, interview with Bill Still on running for California Treasurer. Watch it here. And see another one here.

719. January 8, interview, The Tim Dahaney Show, 12 noon PST. Listen here. (It's the one labelled "Take the Fed Reserve Public.")

718. Jan 7, interview, The Burt Cohen Show, 12 noon ET

--2013--

717. Dec. 30, interview, Stuart Vener Tells It Like It Is, see http://stuartvener.com for stations, 11:30 am EST

716. Dec. 26, interview Dr. Rima Truth Reports, with Dr. Rima Laibow and Ralph Fucetola, 10 pm EST

715. Dec. 21, interview, KPRO Radio San Francisco, 9:30 am PST

714. Dec. 18, interview, The Power Hour with Joyce Riley, 8 a.m. CT

713. Dec. 18, interview, Unwrapped Radio, WRFG, http://www.tuneinradio.com/, 12:40 EST

712. Dec. 15, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST, listen here.
711. Dec. 15, presentation, A Public Bank for Mendocino, at the Crown Hall in Mendocino, Ca., 7 pm

710. Dec. 15, presentation, Why We Need to Own Our Own Bank, Mendocino Environmental Center
106 West Standley, Ukiah, CA 95482, 2 pm

709. Dec. 14, presentation, Why We Need to Own Our Own Bank, Little Lake Grange, Willits, Ca. 7 pm

708. Dec. 13, interview on All About Money, KZYX radio, 9 a.m. PST

707. Dec. 13, interview, Radio Islam, WCEV 1450 AM, 12:05 pm, CST

706. Dec. 12, appearance with Doug McKenty, "The Shift," Mendocino TV, 4:30 pm PST

705. Dec. 11, interview on WHDT World News, http://NNN.is/on-WHDT, 5:30 and 11:00 pm EST. Watch the archive here.

704. Dec. 11, interview, WORT Community Radio, Madison, Wisconsin, 6:10 a.m. PST

703. Dec. 11, interview with Sinclair Noe, Financial Review, MoneyRadio.com, 10:30 PST

702. Dec. 9, UnWrapped Radio, Atlanta, 1 pm PST.

701. Dec. 9, GOHarrison, KPFK Los Angeles, 3:30 pm PST.

700. Dec. 9, interview, Air Cascadia show, KBOO radio, Portland, 10 am PST

699. Dec. 5, interview, WHDT World News TV, 2 pm PST

698. Dec. 4, interview with David Swanson, talknationradio, 7pm PST

697. Dec. 4, interview with Rob Kall, The Rob Kall Bottom-Up Radio Show, 1360 AM, 7:30 pm EST

696. Dec. 3, interview with Kim Greenhouse, It's Rainmaking Time, listen here.

695. Dec. 2, interview with Val Muchowski, Women's Voices, KZYX, 7 p.m. PST

694. Nov. 29, interview with Gregg Hunter, USAWatchdog.com, 11:30 PST

693. Nov. 16, interview This is Hell! radio show, WNUR 89.3 fm, thisishell.com/live, 11.20 a.m. EST. Listen to archive here

692. Nov. 15, interview with George Berry, The Financial News Network Show, truthfrequencyradio.com, 1 pm PST

691. Nov. 14, interview with Stanley Montieth, The Doctor Stan Show, Radio Liberty, 4 pm PSTf

690. Nov. 14, interview with Neil Foster, Reality Bytes show, Awake Radio (UK), Shazziz Radio (US), 8 pm UK time.

689. Nov. 13, interview with Bonnie Faulkner, KPFA, Los Angeles. Listen to archive here.

688. Nov. 12, interview with Tom Kiely, INN World Report, 4:30 PST

687. Nov. 11, interview, Between the Lines News Magazine, WPKN radio, Bridgeport, CT, 9 p.m. ET. Listen to archive here

686. Nov. 10, skype participant, forum at the Putrajaya International Islamic Arts and Cultural Festival, "Global Economic and Monetary Crisis: What Needs to be Done?" Putrajaya, Malaysia, 11 a.m. MYT, 7 pm, Nov. 9 PST

685. Nov. 3, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST

684. Oct. 31, interview with Voice of Russia radio, American edition, 2:30 pm, CET (Central Europe Time.) Listen to archive here.

683. Oct. 23, interview with Daniel Estulin on RT tv

682. Oct. 16, interview with Per Fereng, KBOO radio, Portland, 11 am PST

681. Oct. 15, presentation, "The Public Banking Forum in Ireland," 7-9 PM, Hudson Bay Hotel, Athlone, Ireland.

680. Oct. 14, presentation, Cork, Ireland

679. Oct. 12, presentation, "The Public Banking Forum in Ireland," 2-4 PM, Springfield Hotel in Leixlip, County Kildare, Ireland. Information on these three events here.

678. October 4, interview with Bill Deller, 3CR radio, Melbourne, Australia, 2:30 pm, PST

677. Oct. 3, interview with Joyce Riley, the Power Hour. Listen to archive here.

676. Oct. 1, interview with Tom Kiely, INN World Report 7:30 EST

675. Sept. 29, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST

674. Sept. 27, interviw with Kevin Barrett, AmericanFreedomRadio.com, NoLiesRadio.org:
http://TruthJihadRadio.blogspot.com, 2 pm PST

673. Sept. 19, interview, The Gary Null Show, 9:30 a.m. Pacific

672. Sept. 19, Interview on the Global Research News Hour with Michael Welch--check site for time and archive.

671. Sept. 18, interview with David Sierralupe, Occupy Radio, KWVA, 88.1 FM, Eugene

670. Sept. 15, interview with Niall Bradley, Sott Talk Radio, sott.net, 2 p.m. EST

669. Sept. 14, interview FDLBookSalon, firedoglake.com, 5pm EST

668. Sept. 10, "Turning Hard Times into Good Times" with Jay Taylor, VoiceAmerica, 12:30 pm PST. Listen to archive here.

667. Sept. 9, interview with Ken MacDermotRoe and Del LaPietro, In Context Report, 9 am PST. Listen to archive here.

666. Sept 7, interview with Valerie Kirkgaard, WakingUpInAmerica.com, 6 am, PST. Listen here.

665. Sept. 6, Interview with Al Korelin, The Korelin Economics Report, 12:30 pm PST

664. Sept. 5, discussion of how to bring public banking to Colorado on "It's the Economy, Stupid," KGNU, Boulder, 5 p.m. PST

663. Sept. 5, interview with Patrick Timpone, oneradionetwork.com, 8 a.m. PST

662. Sept. 3, interview (along with Elliott Spitzer?), "Turning Hard Times into Good Times" with Jay Taylor, VoiceAmerica, 1 pm PST Listen to archive here.

661. Sept. 3, interview with Jeanette LaFeve, The People Speak, 6 pm PST

660. Aug. 25, Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

659. Aug. 22, interview with Christopher Greene, AMTV Radio, simulcast in audio/video over GoogleHangouts and American Freedom Radio, 1 p.m. PST

658. Aug. 22, interview, TheAndyCaldwellShow.com,
CalChronicle.com, 3 pm PST

657. Aug. 21, interview with Merry and Burl Hall, blogtalkradio.com/envision-this, 5 pm PST

656. Aug. 21, interview with Lori Lundin, America's Radio News Network, 10:30 a.m. ET.

655. Aug. 16, interview with Sinclair Noe, Moneyradio.com, 4 pm PST

654. Aug. 15, interview with Justine Underhill, Prime Interest, Russia Today TV, 1:30 pm PST

653. Aug 14, interview with Jim Goddard, This Week in Money, 4 pm, PST. Listen to archive here, starting at minute 32.

652. Aug. 14, interview with Mary Glenney, WMNF 88.5, 10 a.m. PST

651. Aug. 14, interview with Chuck Morse, irnusaradio.com, 8 am, PST

650. Aug. 13, interview with Thomas Taplin, Dukascopy TV, Switzerland, 9 am PST

649. Aug 7-11, Madison Democracy conference, https://democracyconvention.org/

648. Aug. 6, radio interview, INN World Report with Tom Kiely, http://feeds.feedburner.com/INNWorldReportRadio 4:30 PST

647. Aug 5, interview with Arnie Arnesen, 94.7 fm, Concord, NH, 9 am PST

646. Aug 3, interview with Diane Horn, Mind Over Matter show, KEXP radio, 90.3 FM, Seattle, 7:00 a.m. PST

645. July 31, interview with Mike Beevers, KFCF Fresno, 4:30 pm PST

644. July 28, Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

643. July 2, interview with Charlie McGrath, Wide Awake News, 6-7 pm PDT.

642. July 2, interview with Arnie Arnesen, 94.7 fm, Concord, NH, 12:30 EST.

641. June 30, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT. Listen to archive here.

640. June 24, interview on RT tv re student debt, 10:30 am PST

639. June 17, interview on The Andy Caldwell Show, 3:30 pm PST

638. June 16, interview with Jason Erb, 5 pm Pacific

637. June 13, interview with Paul Sanford, "Time 4 Hemp-LIVE," http://www.AmericanFreedomRadio.com, 10 am, PST

636. June 6 presentation with Jamie Brown at the Mt. Diablo Peace and Justice Center in Walnut Creek. Info at Favors.org, 7 to 9 pm

635. June 1, interview with Kris Welch, KPFA Los Angeles, 10 am PST

634. May 28, interview with Malihe Razazan, "Your Call" radio, KALW, San Francisco, 10 am PST.

633. May 26, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

632. May 23 interview with Simit Patel, InformedTrades.com (youtube) 3:30 pm PST

631. May 22, Thousand Oaks, 3 expert panel, "A Parachute For the Fiscal Cliff," University Village 2-4 pm

630. May 22, interview with Jack Rasmus, 11 am PST. Enjoy the interview here.

629. May 22, Guns and Butter show, KPFA, http://www.kpfa.org/archive/id/91790

628. May 14, interview with Charlie McGrath, Wide Awake News, 6-7 pm PDT.

627. May 13, live appearance on RTTV, 3 pm PST Watch it here.

626. May 8, interview with Valli Sharpe-Geisler, Silicon Valley Voice, KKUP, 3 pm PST

625. May 8, interview, the Meria Heller Show, 11 am PST

624. May 4, interview, Latin Waves with Sylvia Richardson, 10 am PST

623. April 30, Jay Taylor, VoiceAmerica, 1 pm PST

622. April 29, interview with Rob Kall, Bottom Up Radio, 9 am Pacific
Listen to archive here.

621. April 28, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

620. April 25, interview, the the Dr. Katherine Albrecht Show, 5 pm EDT

619. April 17, interview with Mike Harris, rense.com, 1 pm PDT

618. April 16th, speaker, Valley Democrats United (Democratic Party of San Fernando Valley), Van Nuys, Ca. 7-9pm

617. April 13, interview with Darren Weeks, Govern America, noon Eastern, listen here

616. April 9, interview with Charlie McGrath, Wide Awake News, 6-7 pm PDT.

615. April 6, phone conference, Justice Party, http://www.justicepartyusa.org/public_banking_conference_call, 9 a.m.

614. April 5, interview, Butler on Business, 11 a.m. EDT

613. April 3, interview with Michael Welch, Global Research News Hour, 8:30 a.m. PDT

612. April 2, interview with Jay Taylor, VoiceAmerica, 12:30 PDT. Listen here.

611. April 1, interview with Brannon Howse, www.worldviewradio.com, 11 a.m. PDT

610. April 1, interview with Scott Harris, Counterpoint,
WPKN Radio, 8:30 pm, ET Listen to archive here.

609. April 1, interview with Margaret Flowers and Kevin Zeese. Watch and listen to archive here, starting at minute 50. Articles based on the interview are at Truthout.org.

608. March 31, interview with Jason Erb, Exposing Faux Capitalism, Oracle Broadcasting, 11 a.m. Pacific

607. March 31, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT Listen to the archive here.

606. March 29, interview, The Gary Null Show, 9:30 a.m. Pacific

605. March 28, interview with Stan Monteith, radioliberty.com, 9 pm PDT

604. March 28, radio interview, INN World Report with Tom Kiely, http://feeds.feedburner.com/INNWorldReportRadio 4:30 PDT

603. March 27, interview with Charlie McGrath, Wide Awake News, 6-7 pm PdT.

602. March 27, interview with Jack Rasmus on PRN, 11 a.m. PDT

601. March 25, interview on the Richard Kaffenberger show, KTOX, Needles, CA. 3:15 PDT

600. March 22, newly available archived radio interview, Mandelman Matters. Listen here.

599. March 22, interview with James Fetzer, The People Speak Radio, 5-7 pm PDT

598. March 22, interview , Our Times With Craig Barnes, KSFR radio, Santa Fe, 10 a.m. MST

597. March 12, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST.

596. March 11, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PST

595. March 9, Interview with Sylvia Richardson, Latin Waves, CJSF 90.1FM, 9:30 am PST

594. March 6, interview with Charlie McGrath, wideawakenews.com, 6pm PST. Watch and listen here.

593. March 3, interview with Lateef Kareem Bey, Fix Your Mortgage Mess, 4 pm PST

592. March 2, Interview with Stuart Richardson, Latin Waves, CJSF 90.1FM, 11 am PST

591. Feb. 27, interview with Jim Banks, KGNU, Boulder, 12 pm PST

590. Feb 27, interview with Sinclair Noe, Financial Review, 10 am PST

589. Feb. 25, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST.

588. Feb. 6, Interview with Phil Mackesy, This Week in Money, TalkDigitalNetwork.com, 11 am PST. Listen to the archive here: http://talkdigitalnetwork.com/2013/02/this-week-in-money-70/

587. Feb. 4, interview with Ken Rose, What Now radio show, KOWS RADIO OCCIDENTAL 107.3 FM, 11 am PST.

586. Jan. 31, interview with Tom Kiely, INN World Radio Report, 5:00 pm PST

585. Jan. 27, interview with Stephen Lendman, progressive radio
network, 10 am PST

584. Jan. 23, interview on KPFK, 8pm PST

583. Jan. 22, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST.

582. Jan. 3, interview with Mary Glenney, WMNF 88.5, Tampa, 3 pm EST

581. Jan. 2, interview, The Bev Smith Show, thebevsmithshow.net, 5 pm PST

--- 2012 ---

580. Dec. 27, video interview with Charlie McGrath, Wide Awake News, listen and watch here.

579. Dec. 24, October talk at First Unitarian Church in Portland aired on KBOO radio, http://kboo.fm/, 8:00 am PST

578. Dec. 24, interview with Ron Daniels, the WWRL Morning Show with Mark Riley, wwrl1600.com, 5:05 am PST

577. Dec. 21, interview with Andy Caldwell, TheAndyCaldwellShow.com, KZSB AM1290 Santa Barbara / Ventura and KUHL AM1440 Santa Maria / San Luis Obispo, 3:30 pm PST

576. Dec. 20, interview with Fred Smart, aunetwork.tv, 9 pm EST

575. Dec. 19, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST. Listen here.

574. Dec. 19, interview with Dr. Jack Rasmus, Alternative Visions, Progressive Radio Network, 2 pm EST

573. Dec. 17, The Bev Smith Show, thebevsmithshow.net, 4 pm PST

572. Dec. 15, interview with Stephen Lendman, progressive radio network, 10 am PST. Listen here.

571. Dec. 14, interview with Craig Barnes, Our Times With Craig Barnes, KSFR radio, 9 am PST Listen to the archive here.

570. December 9th, speaker, Mayo Arts Center (10 Mayo Street) in Portland, ME
http://mayostreetarts.org/about-us/where-we-are 7:30-9pm

569. Dec. 7, Vermont's New Economy conference, Vermont College of the Find Arts, Montpelier, VT, 9 am to 4 pm and reception at 4:30. $25
www.global-community.org/neweconomy to register

568. Dec. 5, speaker, Pennsylvania Public Bank Project's Forum on Public Banking, at the David Library of the American Revolution, Washington Crossing, PA, 7pm

567. Nov. 26-27, 3rd Annual World Conference on Riba, Kuala Lumpur, Malaysia

566. Nov. 22, presentation before Royal Scottish Academy -- "A Public Bank for Scotland" (here), Riddle's Court, 322 Lawnmarket, Edinburgh EH1 2PG Scotland, 6 pm

565. Nov 8, Healthy Money Summit, speaking with Hazel Henderson at 1-2 pm PST, information here.

564. Sunday, Oct. 28, Keynote Speaker; The Buck Starts Here, 2:00pm, sponsored by the Kairos Occasional Speakers Series & OFOR, Kairos Milwaukie UCC, Milwaukie, OR.

563. Saturday, Oct. 27, Keynote Speaker; OFOR Saturday Symposium: The Buck Starts Here, 10am - 3pm, Molalla, OR

562. Friday-Sunday, Oct. 26-28, Keynote Speaker; Oregon Fellowship of Reconciliation Fall Retreat - The Buck Starts Here, Camp Adams, Molalla, OR, Friday, 5pm- Sunday 12 noon

561. Friday, October 26, Invited Commentator; screening of “HEIST” (new documentary about the roots of the American economic crisis), sponsored by First Unitarian Church of Portland's Economic Justice Action Groups, Alliance for Democracy, KBOO, Move to Amend, 7:00pm, First Unitarian Church, Portland, OR

560. (Oct. 25-28, Bioneers Conference, Portland, OR)
Oct. 25, Keynote Speaker; sponsored by Portland Fellowship of Reconciliation (PFOR) and the First Unitarian Church of Portland's Economic Justice and Peace Action Groups, 7:00-8:30pm, First Unitarian Church, Portland, OR

559. Oct. 24, interview with Per Fagereng, KBOO radio, Portland, 9 am PST

558. Oct. 24, KPFA "Guns and Butter" interview. Listen to archived show here.

557. Oct. 21, speaker at BBQed Oysters and Beer Fundraiser Party for PBI, San Rafael, CA, 4 pm PST

556. Oct. 14, Live Gaiam tv interview appearance. Watch it here free at 7pm EST.

555. Oct. 12, interview with Matt Rothschild of The Progressive, 10 a.m. Central time

554. October 11-14, speaker, Economic Democracy Collaborative, Madison, Wisconsin

553. Oct. 11, radio interview with Norm Stockwell, WORT, 12 pm CST

552. Oct. 9, interview with Kevin Barrett, No Lies Radio, listen to archive here.

551. Oct. 8, interview, "Mountain Hours Revolution Radio" with Wayne Walton, on RBN, 12-1 pm PST

550. Oct. 7, interview with Lloyd D'Aguilar, "Looking Back Looking Forward", http://lookingbacklookingforward.com/, 2 pm EST

549. Sept. 26, interview with Douglas Newberry, markettoolbox.tv, 1pm EST. Listen here.

548. Sept. 25, interview with Dr. Stanley Montieth, radioliberty.com, 3pm PST

547. Sept. 24, interview with Charlie McGrath, Wide Awake News, 6-7 pm PST.

546. Sept. 22, interview with Stephen Lendman, progressive radio network, 10 am PST

545. Sept. 17 interview along with Hazel Henderson, National Teach In for Occupy Wall Street, http://www.livestream.com/owshdtv 5pm EST

544. Sept. 10, interview with Thomas Taplin, Dukascopy TV (Switzerland), 7 am PST Watch and listen here

543. Sept. 7, interview with Mike Harris, republicbroadcasting.org, 6 am PST

542. Sept. 6, interview with Douglas Newberry, markettoolbox.tv, 1pm EST. Listen here.

541. Aug 28, interview, the Meria Heller Show, 11 am PST. Listen to archive here. And listen to excellent Meria Heller show here.

540. Aug 26, interview with Stephen Lendman, progressive radio network, listen to archive here.

539. August 21, interview with Charlie McGrath, wideawakenews.com. Listen to archive here.

538. Aug 20, interview with Kim Greenhouse, It's Rainmaking Time, listen here.

537. Aug 16, interview with Mike Harris, republicbroadcasting.org, 6 am PST

536. Aug. 14, interview, TheAndyCaldwellshow.com, 4:30pm PST

535. August 13, interview with American Free Press, 1 pm PST

534. July 24, interview along with Victoria Grant, The People Speak, 6pm, PST

533. July 24, interview with Kevin Barrett, NoLiesRadio.org, 9 am PST

532. July 23, interview with Charlie McGrath, wideawakenews.com, 6 pm PST

531. July 22, interview with Dave Hodges, The Common Sense Show, 7 pm PST

530. July 22, interview with Stephen Lendman, progressive radio network, 10 am PST. Listen to archive here.

529. July 19, interview with Mike Beevers, KFCF Fresno, 4:30 pm PST

528. July 10-12, Speaker, Conference on Social Transformation, Faculty of Economics, Split University, Split Croatia

527. July 10, video interview with Max Keiser, the Keiser Report, on the ESM. Watch it here.

526. July 7, Interview with Phil Mackesy, This Week in Money, TalkDigitalNetwork.com, 3 pm PST

525. July 6, video interview with Dr. Mercola, see it here.

524. June 23, Interview with Al Korelin, The Korelin Economics Report, 1 pm PST. Listen to archive here.

523. June 21, interview with Tom Kiely, INN World Radio Report, 4:30 pm PST

522. June 21, interview on the Gary Null Show, 9:20 am PST

521. June 18, interview with Ken Rose, What Now radio show, KOWS RADIO OCCIDENTAL 107.3 FM, 1 pm PST. Listen to archive here.

520. June 17, interview with Bill Resnick, KBOO radio, 9 am PST

519. June 16 interview with Stephen Lendman, progressive radio network, 10 am PST. Listen to archive here.

518. June 9, interview with Sylvia Richardson, Latin Waves, 9:45 am PST. Listen to archive here.

517. June 5, interview, Truth Quest With Melodee, KHEN radio, 7pm PST

516. June 2, interview about Web of Debt, Our Common Ground,http://www.blogtalkradio.com/OCG, 7pm PST

515. June 1, interview with Robert Stark, The Stark Truth listen here.

514. Newly available video of interview on "Moral Politics" -- see it here

513. May 30, interview, The Tim Dahaney Show, ll am PST

512. May 28, interview with Pedro Gatos, "Bringing Light into Darkness", KOOP.ORG, 6 pm CST

511. May 24, interview, Make It Plain With Mark Thompson, SiriusXM Satellite Radio, 2pm PST

510. May 20, interview, Women's View Radio, blogtalkradio.com, 10 am Central Time. Listen here.

509. May 13, interview, www.Blogtalkradio.com/fixyourmortgagemess, 4:15 pm PST

508. May 12, interview with Stephen Lendman, progressive radio network, 10 am PST Listen here.

507. May 9, seminar, Re-imagining Money and Credit, Art bldg. rm 103, El Camino college, Torrance, Ca. 5-7:30 pm

506. May 8, interview with Mike Harris, republicbroadcasting.org, 9 am EST

505. May 7, radio discussion on "The Myth of Austerity", Connect the Dots, KPFK Los Angeles, 7 am PST. Listen here.

504. May 4, interview The Unsolicited Opinion, republicbroadcasting.org, 8 am PST

503. April 27-28, speaker, Public Banking Institute Conference, Friends Center, Philadelphia. Listen here.

502. April 25, speaker Global Teach-In (globalteachin.com), 12 noon EST

501. April 17, Interview with Leo Steel, http://www.blogtalkradio.com/lasteelshoworg, 8:30 pm EST. Listen here.. 31 minutes in.

500. April 14, interview with Stephen Lendman, progressive radio network, 10 am PST

499. April 14, interview with Al Korelin, The Korelin Economics Report

498. April 10th-12th Speaker at Claremont Conference, “Creating Money in a Finite World” Claremont, CA . See video here.

497. April 5, interview , This Week In Money with Phil Mackesy (howestreet.com) 12:30 PST. Listen to the archive here.

496. April 3, speaker at COMER with Paul Hellyer, "Escape From the Web of Debt," Toronto, 7:30 pm

495. March 27, speaker on "Why are we so Broke? New ways to look at the Finances of our State and City," League of Women Voters luncheon, San Diego, 12 noon

494.5 March 24, radio interview, Mandelman Matters. Listen here.

494. March 17, speaker via skype, SCADS conference, London

493. March 15, interview with Per Fagereng, Fight the Empire, KBOO radio, 9:30 am PST

492. March 15, speaker, San Rafael City Hall 6 pm

491. March 13, speaker at Sergio Lub's house, Walnut Creek, info at Favors.org, 6pm

490. March 11, speaker, TedxNewWallStreet. See it here.

489. March 10, interview with Stephen Lendman, progressive radio network, 10 am PST

488. March 6, interview with Melinda Pillsbury-Foster, http://radio.rumormillnews.com/podcast/, 11 am PST

487. Feb. 25, interview with Martin Andelman, http://www.mandelman.ml-implode.com, 9:30 am PST

486. Feb. 25, interview, This Week In Money with Phil Mackesy (howestreet.com), 3 pm PST

485. Feb. 25, interview on CIVL Radio, Latin Waves, How Greece Could Take Down Wall Street, 11:30am PST

484. Feb 23, interview with Thomas Kiely, INN World Report Radio, 7:30 pm EST

483. Feb. 17, featured speaker, Public Banking in America weekly call, 9 am PST

482. Feb. 11, interview with Stephen Lendman, progressive radio network, 10 am PST

481. Feb. 8, interview with Mike Beevers, KFCF Fresno, 4:30 pm PST

480. Feb. 7, interview with Kevin Barrett, NoLiesRadio.org, 9 am PST; listen to archive here

479. Feb. 6, participant, Occupiers and Wells Fargo Executives Gather to Discuss the American Foreclosure Crisis, The Center of Nonprofit Management at California Endowment Building 1000 N. Alameda, Los Angeles, meeting 3 pm and press conference 5:30 pm

478. Feb. 2, interview with Tom Kiely, INN World Report Radio, 7:30 pm EST

477. Feb. 2, interview with Patrick Timpone, oneradionetwork.com, naturalnewsradio.com. Listen to archive here

476. Jan. 31, interview, Liberty Coins and Precious Metals, 9 am PST

475. Jan. 27, interview KPFA, Project Censored, 8:30 am PST

474. Jan. 27, FILMS4CHANGE-INSIDEJOB, panel speaker, Edye Second Space, Santa Monica Performing Arts Center, 7:30 pm

473. Jan 22, interview with Dave Hodges, The Common Sense Show, 7:30 pm PST. Listen live here.

472. Jan. 20, interview with Mike Harris, The Republic Broadcasting Network, 7 am PST

471. Jan. 16, interview with Rob Lorei, WMNF fm, Tampa, 2 pm PST

470. Jan. 14, interview with Stephen Lendman, progressive radio network, 10 am PST

469. Jan. 11, interview with Jeff Rense, rense.com, 8pm PST

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Buying Up the Planet: Out-of-control Central Banks on a Corporate Buying Spree

Finance is the new form of warfare – without the expense of a military overhead and an occupation against unwilling hosts. It is a competition in credit creation to buy foreign resources, real estate, public and privatized infrastructure, bonds and corporate stock ownership. Who needs an army when you can obtain the usual objective (monetary wealth and asset appropriation) simply by financial means?                                                                                       — Dr. Michael Hudson, Counterpunch, October 2010

When the US Federal Reserve bought an 80% stake in American International Group (AIG) in September 2008, the unprecedented $85 billion outlay was justified as necessary to bail out the world’s largest insurance company. Today, however, central banks are on a global corporate buying spree not to bail out bankrupt corporations but simply as an investment, to compensate for the loss of bond income due to record-low interest rates. Indeed, central banks have become some of the world’s largest stock investors.

Central banks have the power to create national currencies with accounting entries, and they are traditionally very secretive. We are not allowed to peer into their books. It took a major lawsuit by Reuters and a congressional investigation to get the Fed to reveal the $16-plus trillion in loans it made to bail out giant banks and corporations after 2008.

What is to stop a foreign bank from simply printing its own currency and trading it on the currency market for dollars, to be invested in the US stock market or US real estate market?  What is to stop central banks from printing up money competitively, in a mad rush to own the world’s largest companies?

Apparently not much. Central banks are for the most part unregulated, even by their own governments. As the Federal Reserve observes on its website:

[The Fed] is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.

As former Federal Reserve Chairman Alan Greenspan quipped, “Quite frankly it does not matter who is president as far as the Fed is concerned. There are no other agencies that can overrule the action we take.”

The Central Bank Buying Spree

That is how “independent” central banks operate, but it evidently not the US central bank that is gambling in the stock market. After extensive quantitative easing, the Fed has a $4.5 trillion balance sheet; but this sum is accounted for as being invested conservatively in Treasuries and agency debt (although QE may have allowed Wall Street banks to invest the proceeds in the stock market by devious means).

Which central banks, then, are investing in stocks? The biggest player turns out to be the People’s Bank of China (PBoC), the Chinese central bank.

According to a June 15th article in USA Today:

Evidence of equity-buying by central banks and other public sector investors has emerged from a large-scale survey compiled by Official Monetary and Financial Institutions Forum (OMFIF), a global research and advisory group. The OMFIF research publication Global Public Investor (GPI) 2014, launched on June 17 is the first comprehensive survey of $29.1 trillion worth of investments held by 400 public sector institutions in 162 countries. The report focuses on investments by 157 central banks, 156 public pension funds and 87 sovereign funds, underlines growing similarities among different categories of public entities owning assets equivalent to 40% of world output.

The assets of these 400 Global Public Investors comprise $13.2 trillion (including gold) at central banks, $9.4 trillion at public pension funds and $6.5 trillion at sovereign wealth funds.

Public pension funds and sovereign wealth funds are well known to be large holders of shares on international stock markets. But it seems they now have rivals from unexpected sources:

One is China’s State Administration of Foreign Exchange (SAFE), part of the People’s Bank of China, the biggest overall public sector investor, with $3.9 trillion under management, well ahead of the Bank of Japan and Japan’s Government Pension Investment Fund (GPIF), each with $1.3 trillion.

SAFE’s investments include significant holdings in Europe. The PBoC itself has been directly buying minority equity stakes in important European companies.

Another large public sector equity owner is Swiss National Bank, with $480 billion under management. The Swiss central bank had 15% of its foreign exchange assets – or $72 billion – in equities at the end of 2013.

Public pension funds and sovereign wealth funds invest their pension contributions and exchange reserves earned in foreign trade, which is fair enough. The justification for central banks to be playing the stock market is less obvious. Their stock purchases are justified as compensating for lost revenue caused by sharp drops in interest rates. But those drops were driven by central banks themselves; and the broad powers delegated to central banks were supposed to be for conducting “monetary policy,” not for generating investment returns. According to the OMFIF, central banks collectively now have $13.2 trillion in assets (including gold). That is nearly 20% of the value of all of the stock markets in the world, which comes to $62 trillion.

From Monetary Policy to Asset Grabs

Central banks are allowed to create money out of nothing in order to conduct the monetary policies necessary to “regulate the value of the currency” and “maintain price stability.”  Traditionally, this has been done with “open market operations,” in which money was either created by the central bank and used to buy federal securities (thereby adding money to the money supply) or federal securities were sold in exchange for currency (shrinking the money supply).

“Quantitative easing” is open market operations on steroids, to the tune of trillions of dollars. But the purpose is allegedly the same—to augment a money supply that shrank by trillions of dollars when the shadow banking system collapsed after 2008. The purpose is not supposed to be to earn an income for the central bank itself. Indeed, the U.S. central bank is required to return the interest earned on federal securities to the federal government, which paid the interest in the first place.

Further, as noted earlier, it is not the US Federal Reserve that has been massively investing in the stock market.  It is the PBoC, which arguably is in a different position than the US Fed. It cannot print dollars or Euros. Rather, it acquires them from local merchants who have earned them legitimately in foreign trade.

However, the PBoC has done nothing to earn these dollars or Euros beyond printing yuan. It trades the yuan for the dollars earned by Chinese sellers, who need local currency to pay their workers and suppliers. The money involved in these transactions has thus doubled. The merchants have been paid in yuan and the central bank has an equivalent sum in dollars or Euros. That means the Chinese central bank’s holdings are created out of thin air no less than the Federal Reserve’s dollars are.

Battle of the Central Banks?

Western central banks have generally worked this scheme discreetly. Not so much the Chinese, whose blatant gaming of the system points up its flaws for all to see.

Georgetown University historian Professor Carroll Quigley styled himself the librarian of the international bankers. In his 1966 book Tragedy and Hope, he wrote that their aim was “nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.” This system was to be controlled “in a feudalist fashion by the central banks of the world acting in concert by secret agreements,” central banks that “were themselves private corporations.”

It may be the Chinese, not acting in concert, who break up this cartel. The PBoC is no more transparent than the US Fed, but it is not an “independent” central bank. It is a government agency accountable to the Chinese government and acting on its behalf.

The Chinese have evidently figured out the game of the “independent” central bankers, and to be using it to their own advantage. If the Fed can do quantitative easing, so can the Chinese – and buy up our assets with the proceeds. Owning our corporations rather than our Treasuries helps the Chinese break up US dollar hegemony.

Whatever power plays are going on behind the scenes, it is increasingly clear that they are not serving we-the-people. Banks should not be the exclusive creators of money. We the people, through our representative governments, need to be issuing the national money supply directly, as was done in America under President Abraham Lincoln and in colonial times.

_______________________________

Ellen Brown is an attorney, founder of the Public Banking Institute and the author of twelve books, including the best-selling Web of Debt. Her latest book, The Public Bank Solution, explores successful public banking models historically and globally.

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“Epic in scale, unprecedented in world history. That is how William K. Black, professor of law and economics and former bank fraud investigator, describes the frauds in which JPMorgan Chase (JPM) has now been implicated. They involve more than a dozen felonies, including bid-rigging on municipal bond debt; colluding to rig interest rates on hundreds of trillions of dollars in mortgages, derivatives and other contracts; exposing investors to excessive risk; failing to disclose known risks, including those in the Bernie Madoff scandal; and engaging in multiple forms of mortgage fraud.

So why, asks Chicago Alderwoman Leslie Hairston, are we still doing business with them? She plans to introduce a city council ordinance deleting JPM from the city’s list of designated municipal depositories. As quoted in the January 14th Chicago Sun-Times:

The bank has violated the city code by making admissions of dishonesty and deceit in the way they dealt with their investors in the mortgage securities and Bernie Madoff Ponzi scandals. . . . We use this code against city contractors and all the small companies, why wouldn’t we use this against one of the largest banks in the world?

A similar move has been recommended for the City of Los Angeles by L.A. City Councilman Gil Cedillo. But in a January 19th editorial titled “There’s No Profit in L A. Bashing JPMorgan Chase,” the L.A. Times editorial board warned against pulling the city’s money out of JPM and other mega-banks – even though the city attorney is suing them for allegedly causing an epidemic of foreclosures in minority neighborhoods.

 “L.A. relies on these banks,” says The Times, “for long-term financing to build bridges and restore lakes, and for short-term financing to pay the bills.” The editorial noted that a similar proposal brought in the fall of 2011 by then-Councilman Richard Alarcon, backed by Occupy L.A., was abandoned because it would have resulted in termination fees and higher interest payments by the city.

It seems we must bow to our oppressors because we have no viable alternative – or do we? What if there is an alternative that would not only save the city money but would be a safer place to deposit its funds than in Wall Street banks?

The Tiny State That Broke Free

There is a place where they don’t bow. Where they don’t park their assets on Wall Street and play the mega-bank game, and haven’t for almost 100 years. Where they escaped the 2008 banking crisis and have no government debt, the lowest foreclosure rate in the country, the lowest default rate on credit card debt, and the lowest unemployment rate. They also have the only publicly-owned bank.

The place is North Dakota, and their state-owned Bank of North Dakota (BND) is a model for Los Angeles and other cities, counties, and states.

Like the BND, a public bank of the City of Los Angeles would not be a commercial bank and would not compete with commercial banks. In fact, it would partner with them – using its tax revenue deposits to create credit for lending programs through the magical everyday banking practice of leveraging capital.

The BND is a major money-maker for North Dakota, returning about $30 million annually in dividends to the treasury – not bad for a state with a population that is less than one-fifth that of the City of Los Angeles. Every year since the 2008 banking crisis, the BND has reported a return on investment of 17-26%.

Like the BND, a Bank of the City of Los Angeles would provide credit for city projects – to build bridges, restore lakes, and pay bills – and this credit would essentially be interest-free, since the city would own the bank and get the interest back. Eliminating interest has been shown to reduce the cost of public projects by 35% or more.

Awesome Possibilities

 Consider what that could mean for Los Angeles. According to the current fiscal budget, the LAX Modernization project is budgeted at $4.11 billion. That’s the sticker price. But what will it cost when you add interest on revenue bonds and other funding sources? The San Francisco-Oakland Bay Bridge earthquake retrofit boondoggle was slated to cost about $6 billion. Interest and bank fees added another $6 billion. Funding through a public bank could have saved taxpayers $6 billion, or 50%.

If Los Angeles owned its own bank, it could also avoid costly “rainy day funds,” which are held by various agencies as surplus taxes. If the city had a low-cost credit line with its own bank, these funds could be released into the general fund, generating massive amounts of new revenue for the city.

The potential for the City and County of Los Angeles can be seen by examining their respective Comprehensive Annual Financial Reports (CAFRs). According to the latest CAFRs (2012), the City of Los Angeles has “cash, pooled and other investments” of $11 billion beyond what is in its pension fund (page 85), and the County of Los Angeles has $22 billion (page 66). To put these sums in perspective, the austerity crisis declared by the State of California in 2012 was the result of a declared state budget deficit of only $16 billion.

The L.A. CAFR funds are currently drawing only minimal interest. With some modest changes in regulations, they could be returned to the general fund for use in the city’s budget, or deposited or invested in the city’s own bank, to be leveraged into credit for local purposes.

Minimizing Risk

 Beyond being a money-maker, a city-owned bank can minimize the risks of interest rate manipulation, excessive fees, and dishonest dealings.

Another risk that must now be added to the list is that of confiscation in the event of a “bail in.” Public funds are secured with collateral, but they take a back seat in bankruptcy to the “super priority” of Wall Street’s own derivative claims. A major derivatives fiasco of the sort seen in 2008 could wipe out even a mega-bank’s available collateral, leaving the city with empty coffers.

The city itself could be propelled into bankruptcy by speculative derivatives dealings with Wall Street banks. The dire results can be seen in Detroit, where the emergency manager, operating on behalf of the city’s creditors, put it into bankruptcy to force payment on its debts. First in line were UBS and Bank of America, claiming speculative winnings on their interest-rate swaps, which the emergency manager paid immediately before filing for bankruptcy. Critics say the swaps were improperly entered into and were what propelled the city into bankruptcy. Their propriety is now being investigated by the bankruptcy judge.

Not Too Big to Abandon

Mega-banks might be too big to fail. According to U.S. Attorney General Eric Holder, they might even be too big to prosecute. But they are not too big to abandon as depositories for government funds.

There may indeed be no profit in bashing JPMorgan Chase, but there would be profit in pulling deposits out and putting them in Los Angeles’ own public bank. Other major cities currently exploring that possibility include San Franciscoand Philadelphia.

If North Dakota can bypass Wall Street with its own bank and declare its financial independence, so can the City of Los Angeles. And so can the County. And so can the State of California.

____________

Ellen Brown is an attorney, chairman of the Public Banking Institute, and author of 12 books including The Public Bank Solution. She is currently running for California state treasurer on the Green Party ticket.

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On USAWatchdog with Greg Hunter

--2014--

704. July 29-Aug. 5. Moving Beyond Capitalism conference, San Miguel de Allende, Mexico

--2013--

703. Dec. 26, interview Dr. Rima Truth Reports, with Dr. Rima Laibow and Ralph Fucetola, 10 pm EST

702. Dec. 15, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST

701. Dec. 15, presentation, A Public Bank for Mendocino, at the Crown Hall in Mendocino, Ca., 7 pm

700. Dec. 15, presentation, Why We Need to Own Our Own Bank, at the MEC in Ukia, Ca., 2 pm

699. Dec. 14, presentation, Why We Need to Own Our Own Bank, Little Lake Grange, Willits, Ca. 7 pm

698. Dec. 13, interview on All About Money, KZYX radio, 9 a.m. PST

697. Dec. 11, interview with Sinclair Noe, Financial Review, MoneyRadio.com, 10:30 PST

696. Dec. 3, interview with Kim Greenhouse, It's Rainmaking Time, listen here.

695. Dec. 2, interview with Val Muchowski, Women's Voices, KZYX, 7 p.m. PST

694. Nov. 29, interview with Gregg Hunter, USAWatchdog.com, 11:30 PST

693. Nov. 16, interview This is Hell! radio show, WNUR 89.3 fm, thisishell.com/live, 11.20 a.m. EST. Listen to archive here

692. Nov. 15, interview with George Berry, The Financial News Network Show, truthfrequencyradio.com, 1 pm PST

691. Nov. 14, interview with Stanley Montieth, The Doctor Stan Show, Radio Liberty, 4 pm PSTf

690. Nov. 14, interview with Neil Foster, Reality Bytes show, Awake Radio (UK), Shazziz Radio (US), 8 pm UK time.

689. Nov. 13, interview with Bonnie Faulkner, KPFA, Los Angeles. Listen to archive here.

688. Nov. 12, interview with Tom Kiely, INN World Report, 4:30 PST

687. Nov. 11, interview, Between the Lines News Magazine, WPKN radio, Bridgeport, CT, 9 p.m. ET. Listen to archive here

686. Nov. 10, skype participant, forum at the Putrajaya International Islamic Arts and Cultural Festival, "Global Economic and Monetary Crisis: What Needs to be Done?" Putrajaya, Malaysia, 11 a.m. MYT, 7 pm, Nov. 9 PST

685. Nov. 3, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST

684. Oct. 31, interview with Voice of Russia radio, American edition, 2:30 pm, CET (Central Europe Time.) Listen to archive here.

683. Oct. 23, interview with Daniel Estulin on RT tv

682. Oct. 16, interview with Per Fereng, KBOO radio, Portland, 11 am PST

681. Oct. 15, presentation, "The Public Banking Forum in Ireland," 7-9 PM, Hudson Bay Hotel, Athlone, Ireland.

680. Oct. 14, presentation, Cork, Ireland

679. Oct. 12, presentation, "The Public Banking Forum in Ireland," 2-4 PM, Springfield Hotel in Leixlip, County Kildare, Ireland. Information on these three events here.

678. October 4, interview with Bill Deller, 3CR radio, Melbourne, Australia, 2:30 pm, PST

677. Oct. 3, interview with Joyce Riley, the Power Hour. Listen to archive here.

676. Oct. 1, interview with Tom Kiely, INN World Report 7:30 EST

675. Sept. 29, interview with Stephen Lendman, The Progressive Newshour, 10 a.m. PST

674. Sept. 27, interviw with Kevin Barrett, AmericanFreedomRadio.com, NoLiesRadio.org:
http://TruthJihadRadio.blogspot.com, 2 pm PST

673. Sept. 19, interview, The Gary Null Show, 9:30 a.m. Pacific

672. Sept. 19, Interview on the Global Research News Hour with Michael Welch--check site for time and archive.

671. Sept. 18, interview with David Sierralupe, Occupy Radio, KWVA, 88.1 FM, Eugene

670. Sept. 15, interview with Niall Bradley, Sott Talk Radio, sott.net, 2 p.m. EST

669. Sept. 14, interview FDLBookSalon, firedoglake.com, 5pm EST

668. Sept. 10, "Turning Hard Times into Good Times" with Jay Taylor, VoiceAmerica, 12:30 pm PST. Listen to archive here.

667. Sept. 9, interview with Ken MacDermotRoe and Del LaPietro, In Context Report, 9 am PST. Listen to archive here.

666. Sept 7, interview with Valerie Kirkgaard, WakingUpInAmerica.com, 6 am, PST. Listen here.

665. Sept. 6, Interview with Al Korelin, The Korelin Economics Report, 12:30 pm PST

664. Sept. 5, discussion of how to bring public banking to Colorado on "It's the Economy, Stupid," KGNU, Boulder, 5 p.m. PST

663. Sept. 5, interview with Patrick Timpone, oneradionetwork.com, 8 a.m. PST

662. Sept. 3, interview (along with Elliott Spitzer?), "Turning Hard Times into Good Times" with Jay Taylor, VoiceAmerica, 1 pm PST Listen to archive here.

661. Sept. 3, interview with Jeanette LaFeve, The People Speak, 6 pm PST

660. Aug. 25, Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

659. Aug. 22, interview with Christopher Greene, AMTV Radio, simulcast in audio/video over GoogleHangouts and American Freedom Radio, 1 p.m. PST

658. Aug. 22, interview, TheAndyCaldwellShow.com,
CalChronicle.com, 3 pm PST

657. Aug. 21, interview with Merry and Burl Hall, blogtalkradio.com/envision-this, 5 pm PST

656. Aug. 21, interview with Lori Lundin, America's Radio News Network, 10:30 a.m. ET.

655. Aug. 16, interview with Sinclair Noe, Moneyradio.com, 4 pm PST

654. Aug. 15, interview with Justine Underhill, Prime Interest, Russia Today TV, 1:30 pm PST

653. Aug 14, interview with Jim Goddard, This Week in Money, 4 pm, PST. Listen to archive here, starting at minute 32.

652. Aug. 14, interview with Mary Glenney, WMNF 88.5, 10 a.m. PST

651. Aug. 14, interview with Chuck Morse, irnusaradio.com, 8 am, PST

650. Aug. 13, interview with Thomas Taplin, Dukascopy TV, Switzerland, 9 am PST

649. Aug 7-11, Madison Democracy conference, https://democracyconvention.org/

648. Aug. 6, radio interview, INN World Report with Tom Kiely, http://feeds.feedburner.com/INNWorldReportRadio 4:30 PST

647. Aug 5, interview with Arnie Arnesen, 94.7 fm, Concord, NH, 9 am PST

646. Aug 3, interview with Diane Horn, Mind Over Matter show, KEXP radio, 90.3 FM, Seattle, 7:00 a.m. PST

645. July 31, interview with Mike Beevers, KFCF Fresno, 4:30 pm PST

644. July 28, Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

643. July 2, interview with Charlie McGrath, Wide Awake News, 6-7 pm PDT.

642. July 2, interview with Arnie Arnesen, 94.7 fm, Concord, NH, 12:30 EST.

641. June 30, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT. Listen to archive here.

640. June 24, interview on RT tv re student debt, 10:30 am PST

639. June 17, interview on The Andy Caldwell Show, 3:30 pm PST

638. June 16, interview with Jason Erb, 5 pm Pacific

637. June 13, interview with Paul Sanford, "Time 4 Hemp-LIVE," http://www.AmericanFreedomRadio.com, 10 am, PST

636. June 6 presentation with Jamie Brown at the Mt. Diablo Peace and Justice Center in Walnut Creek. Info at Favors.org, 7 to 9 pm

635. June 1, interview with Kris Welch, KPFA Los Angeles, 10 am PST

634. May 28, interview with Malihe Razazan, "Your Call" radio, KALW, San Francisco, 10 am PST.

633. May 26, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

632. May 23 interview with Simit Patel, InformedTrades.com (youtube) 3:30 pm PST

631. May 22, Thousand Oaks, 3 expert panel, "A Parachute For the Fiscal Cliff," University Village 2-4 pm

630. May 22, interview with Jack Rasmus, 11 am PST. Enjoy the interview here.

629. May 22, Guns and Butter show, KPFA, http://www.kpfa.org/archive/id/91790

628. May 14, interview with Charlie McGrath, Wide Awake News, 6-7 pm PDT.

627. May 13, live appearance on RTTV, 3 pm PST Watch it here.

626. May 8, interview with Valli Sharpe-Geisler, Silicon Valley Voice, KKUP, 3 pm PST

625. May 8, interview, the Meria Heller Show, 11 am PST

624. May 4, interview, Latin Waves with Sylvia Richardson, 10 am PST

623. April 30, Jay Taylor, VoiceAmerica, 1 pm PST

622. April 29, interview with Rob Kall, Bottom Up Radio, 9 am Pacific
Listen to archive here.

621. April 28, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT

620. April 25, interview, the the Dr. Katherine Albrecht Show, 5 pm EDT

619. April 17, interview with Mike Harris, rense.com, 1 pm PDT

618. April 16th, speaker, Valley Democrats United (Democratic Party of San Fernando Valley), Van Nuys, Ca. 7-9pm

617. April 13, interview with Darren Weeks, Govern America, noon Eastern, listen here

616. April 9, interview with Charlie McGrath, Wide Awake News, 6-7 pm PDT.

615. April 6, phone conference, Justice Party, http://www.justicepartyusa.org/public_banking_conference_call, 9 a.m.

614. April 5, interview, Butler on Business, 11 a.m. EDT

613. April 3, interview with Michael Welch, Global Research News Hour, 8:30 a.m. PDT

612. April 2, interview with Jay Taylor, VoiceAmerica, 12:30 PDT. Listen here.

611. April 1, interview with Brannon Howse, www.worldviewradio.com, 11 a.m. PDT

610. April 1, interview with Scott Harris, Counterpoint,
WPKN Radio, 8:30 pm, ET Listen to archive here.

609. April 1, interview with Margaret Flowers and Kevin Zeese. Watch and listen to archive here, starting at minute 50. Articles based on the interview are at Truthout.org.

608. March 31, interview with Jason Erb, Exposing Faux Capitalism, Oracle Broadcasting, 11 a.m. Pacific

607. March 31, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PDT Listen to the archive here.

606. March 29, interview, The Gary Null Show, 9:30 a.m. Pacific

605. March 28, interview with Stan Monteith, radioliberty.com, 9 pm PDT

604. March 28, radio interview, INN World Report with Tom Kiely, http://feeds.feedburner.com/INNWorldReportRadio 4:30 PDT

603. March 27, interview with Charlie McGrath, Wide Awake News, 6-7 pm PdT.

602. March 27, interview with Jack Rasmus on PRN, 11 a.m. PDT

601. March 25, interview on the Richard Kaffenberger show, KTOX, Needles, CA. 3:15 PDT

600. March 22, newly available archived radio interview, Mandelman Matters. Listen here.

599. March 22, interview with James Fetzer, The People Speak Radio, 5-7 pm PDT

598. March 22, interview , Our Times With Craig Barnes, KSFR radio, Santa Fe, 10 a.m. MST

597. March 12, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST.

596. March 11, interview with Stephen Lendman, Progressive Radio News Hour, 10 am, PST

595. March 9, Interview with Sylvia Richardson, Latin Waves, CJSF 90.1FM, 9:30 am PST

594. March 6, interview with Charlie McGrath, wideawakenews.com, 6pm PST. Watch and listen here.

593. March 3, interview with Lateef Kareem Bey, Fix Your Mortgage Mess, 4 pm PST

592. March 2, Interview with Stuart Richardson, Latin Waves, CJSF 90.1FM, 11 am PST

591. Feb. 27, interview with Jim Banks, KGNU, Boulder, 12 pm PST

590. Feb 27, interview with Sinclair Noe, Financial Review, 10 am PST

589. Feb. 25, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST.

588. Feb. 6, Interview with Phil Mackesy, This Week in Money, TalkDigitalNetwork.com, 11 am PST. Listen to the archive here: http://talkdigitalnetwork.com/2013/02/this-week-in-money-70/

587. Feb. 4, interview with Ken Rose, What Now radio show, KOWS RADIO OCCIDENTAL 107.3 FM, 11 am PST.

586. Jan. 31, interview with Tom Kiely, INN World Radio Report, 5:00 pm PST

585. Jan. 27, interview with Stephen Lendman, progressive radio
network, 10 am PST

584. Jan. 23, interview on KPFK, 8pm PST

583. Jan. 22, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST.

582. Jan. 3, interview with Mary Glenney, WMNF 88.5, Tampa, 3 pm EST

581. Jan. 2, interview, The Bev Smith Show, thebevsmithshow.net, 5 pm PST

--- 2012 ---

580. Dec. 27, video interview with Charlie McGrath, Wide Awake News, listen and watch here.

579. Dec. 24, October talk at First Unitarian Church in Portland aired on KBOO radio, http://kboo.fm/, 8:00 am PST

578. Dec. 24, interview with Ron Daniels, the WWRL Morning Show with Mark Riley, wwrl1600.com, 5:05 am PST

577. Dec. 21, interview with Andy Caldwell, TheAndyCaldwellShow.com, KZSB AM1290 Santa Barbara / Ventura and KUHL AM1440 Santa Maria / San Luis Obispo, 3:30 pm PST

576. Dec. 20, interview with Fred Smart, aunetwork.tv, 9 pm EST

575. Dec. 19, interview, Crisis of Reality with Doug Newberry, oraclebroadcasting.com, 1pm EST. Listen here.

574. Dec. 19, interview with Dr. Jack Rasmus, Alternative Visions, Progressive Radio Network, 2 pm EST

573. Dec. 17, The Bev Smith Show, thebevsmithshow.net, 4 pm PST

572. Dec. 15, interview with Stephen Lendman, progressive radio network, 10 am PST. Listen here.

571. Dec. 14, interview with Craig Barnes, Our Times With Craig Barnes, KSFR radio, 9 am PST Listen to the archive here.

570. December 9th, speaker, Mayo Arts Center (10 Mayo Street) in Portland, ME
http://mayostreetarts.org/about-us/where-we-are 7:30-9pm

569. Dec. 7, Vermont's New Economy conference, Vermont College of the Find Arts, Montpelier, VT, 9 am to 4 pm and reception at 4:30. $25
www.global-community.org/neweconomy to register

568. Dec. 5, speaker, Pennsylvania Public Bank Project's Forum on Public Banking, at the David Library of the American Revolution, Washington Crossing, PA, 7pm

567. Nov. 26-27, 3rd Annual World Conference on Riba, Kuala Lumpur, Malaysia

566. Nov. 22, presentation before Royal Scottish Academy -- "A Public Bank for Scotland" (here), Riddle's Court, 322 Lawnmarket, Edinburgh EH1 2PG Scotland, 6 pm

565. Nov 8, Healthy Money Summit, speaking with Hazel Henderson at 1-2 pm PST, information here.

564. Sunday, Oct. 28, Keynote Speaker; The Buck Starts Here, 2:00pm, sponsored by the Kairos Occasional Speakers Series & OFOR, Kairos Milwaukie UCC, Milwaukie, OR.

563. Saturday, Oct. 27, Keynote Speaker; OFOR Saturday Symposium: The Buck Starts Here, 10am - 3pm, Molalla, OR

562. Friday-Sunday, Oct. 26-28, Keynote Speaker; Oregon Fellowship of Reconciliation Fall Retreat - The Buck Starts Here, Camp Adams, Molalla, OR, Friday, 5pm- Sunday 12 noon

561. Friday, October 26, Invited Commentator; screening of “HEIST” (new documentary about the roots of the American economic crisis), sponsored by First Unitarian Church of Portland's Economic Justice Action Groups, Alliance for Democracy, KBOO, Move to Amend, 7:00pm, First Unitarian Church, Portland, OR

560. (Oct. 25-28, Bioneers Conference, Portland, OR)
Oct. 25, Keynote Speaker; sponsored by Portland Fellowship of Reconciliation (PFOR) and the First Unitarian Church of Portland's Economic Justice and Peace Action Groups, 7:00-8:30pm, First Unitarian Church, Portland, OR

559. Oct. 24, interview with Per Fagereng, KBOO radio, Portland, 9 am PST

558. Oct. 24, KPFA "Guns and Butter" interview. Listen to archived show here.

557. Oct. 21, speaker at BBQed Oysters and Beer Fundraiser Party for PBI, San Rafael, CA, 4 pm PST

556. Oct. 14, Live Gaiam tv interview appearance. Watch it here free at 7pm EST.

555. Oct. 12, interview with Matt Rothschild of The Progressive, 10 a.m. Central time

554. October 11-14, speaker, Economic Democracy Collaborative, Madison, Wisconsin

553. Oct. 11, radio interview with Norm Stockwell, WORT, 12 pm CST

552. Oct. 9, interview with Kevin Barrett, No Lies Radio, listen to archive here.

551. Oct. 8, interview, "Mountain Hours Revolution Radio" with Wayne Walton, on RBN, 12-1 pm PST

550. Oct. 7, interview with Lloyd D'Aguilar, "Looking Back Looking Forward", http://lookingbacklookingforward.com/, 2 pm EST

549. Sept. 26, interview with Douglas Newberry, markettoolbox.tv, 1pm EST. Listen here.

548. Sept. 25, interview with Dr. Stanley Montieth, radioliberty.com, 3pm PST

547. Sept. 24, interview with Charlie McGrath, Wide Awake News, 6-7 pm PST.

546. Sept. 22, interview with Stephen Lendman, progressive radio network, 10 am PST

545. Sept. 17 interview along with Hazel Henderson, National Teach In for Occupy Wall Street, http://www.livestream.com/owshdtv 5pm EST

544. Sept. 10, interview with Thomas Taplin, Dukascopy TV (Switzerland), 7 am PST Watch and listen here

543. Sept. 7, interview with Mike Harris, republicbroadcasting.org, 6 am PST

542. Sept. 6, interview with Douglas Newberry, markettoolbox.tv, 1pm EST. Listen here.

541. Aug 28, interview, the Meria Heller Show, 11 am PST. Listen to archive here. And listen to excellent Meria Heller show here.

540. Aug 26, interview with Stephen Lendman, progressive radio network, listen to archive here.

539. August 21, interview with Charlie McGrath, wideawakenews.com. Listen to archive here.

538. Aug 20, interview with Kim Greenhouse, It's Rainmaking Time, listen here.

537. Aug 16, interview with Mike Harris, republicbroadcasting.org, 6 am PST

536. Aug. 14, interview, TheAndyCaldwellshow.com, 4:30pm PST

535. August 13, interview with American Free Press, 1 pm PST

534. July 24, interview along with Victoria Grant, The People Speak, 6pm, PST

533. July 24, interview with Kevin Barrett, NoLiesRadio.org, 9 am PST

532. July 23, interview with Charlie McGrath, wideawakenews.com, 6 pm PST

531. July 22, interview with Dave Hodges, The Common Sense Show, 7 pm PST

530. July 22, interview with Stephen Lendman, progressive radio network, 10 am PST. Listen to archive here.

529. July 19, interview with Mike Beevers, KFCF Fresno, 4:30 pm PST

528. July 10-12, Speaker, Conference on Social Transformation, Faculty of Economics, Split University, Split Croatia

527. July 10, video interview with Max Keiser, the Keiser Report, on the ESM. Watch it here.

526. July 7, Interview with Phil Mackesy, This Week in Money, TalkDigitalNetwork.com, 3 pm PST

525. July 6, video interview with Dr. Mercola, see it here.

524. June 23, Interview with Al Korelin, The Korelin Economics Report, 1 pm PST. Listen to archive here.

523. June 21, interview with Tom Kiely, INN World Radio Report, 4:30 pm PST

522. June 21, interview on the Gary Null Show, 9:20 am PST

521. June 18, interview with Ken Rose, What Now radio show, KOWS RADIO OCCIDENTAL 107.3 FM, 1 pm PST. Listen to archive here.

520. June 17, interview with Bill Resnick, KBOO radio, 9 am PST

519. June 16 interview with Stephen Lendman, progressive radio network, 10 am PST. Listen to archive here.

518. June 9, interview with Sylvia Richardson, Latin Waves, 9:45 am PST. Listen to archive here.

517. June 5, interview, Truth Quest With Melodee, KHEN radio, 7pm PST

516. June 2, interview about Web of Debt, Our Common Ground,http://www.blogtalkradio.com/OCG, 7pm PST

515. June 1, interview with Robert Stark, The Stark Truth listen here.

514. Newly available video of interview on "Moral Politics" -- see it here

513. May 30, interview, The Tim Dahaney Show, ll am PST

512. May 28, interview with Pedro Gatos, "Bringing Light into Darkness", KOOP.ORG, 6 pm CST

511. May 24, interview, Make It Plain With Mark Thompson, SiriusXM Satellite Radio, 2pm PST

510. May 20, interview, Women's View Radio, blogtalkradio.com, 10 am Central Time. Listen here.

509. May 13, interview, www.Blogtalkradio.com/fixyourmortgagemess, 4:15 pm PST

508. May 12, interview with Stephen Lendman, progressive radio network, 10 am PST Listen here.

507. May 9, seminar, Re-imagining Money and Credit, Art bldg. rm 103, El Camino college, Torrance, Ca. 5-7:30 pm

506. May 8, interview with Mike Harris, republicbroadcasting.org, 9 am EST

505. May 7, radio discussion on "The Myth of Austerity", Connect the Dots, KPFK Los Angeles, 7 am PST. Listen here.

504. May 4, interview The Unsolicited Opinion, republicbroadcasting.org, 8 am PST

503. April 27-28, speaker, Public Banking Institute Conference, Friends Center, Philadelphia. Listen here.

502. April 25, speaker Global Teach-In (globalteachin.com), 12 noon EST

501. April 17, Interview with Leo Steel, http://www.blogtalkradio.com/lasteelshoworg, 8:30 pm EST. Listen here.. 31 minutes in.

500. April 14, interview with Stephen Lendman, progressive radio network, 10 am PST

499. April 14, interview with Al Korelin, The Korelin Economics Report

498. April 10th-12th Speaker at Claremont Conference, “Creating Money in a Finite World” Claremont, CA . See video here.

497. April 5, interview , This Week In Money with Phil Mackesy (howestreet.com) 12:30 PST. Listen to the archive here.

496. April 3, speaker at COMER with Paul Hellyer, "Escape From the Web of Debt," Toronto, 7:30 pm

495. March 27, speaker on "Why are we so Broke? New ways to look at the Finances of our State and City," League of Women Voters luncheon, San Diego, 12 noon

494.5 March 24, radio interview, Mandelman Matters. Listen here.

494. March 17, speaker via skype, SCADS conference, London

493. March 15, interview with Per Fagereng, Fight the Empire, KBOO radio, 9:30 am PST

492. March 15, speaker, San Rafael City Hall 6 pm

491. March 13, speaker at Sergio Lub's house, Walnut Creek, info at Favors.org, 6pm

490. March 11, speaker, TedxNewWallStreet. See it here.

489. March 10, interview with Stephen Lendman, progressive radio network, 10 am PST

488. March 6, interview with Melinda Pillsbury-Foster, http://radio.rumormillnews.com/podcast/, 11 am PST

487. Feb. 25, interview with Martin Andelman, http://www.mandelman.ml-implode.com, 9:30 am PST

486. Feb. 25, interview, This Week In Money with Phil Mackesy (howestreet.com), 3 pm PST

485. Feb. 25, interview on CIVL Radio, Latin Waves, How Greece Could Take Down Wall Street, 11:30am PST

484. Feb 23, interview with Thomas Kiely, INN World Report Radio, 7:30 pm EST

483. Feb. 17, featured speaker, Public Banking in America weekly call, 9 am PST

482. Feb. 11, interview with Stephen Lendman, progressive radio network, 10 am PST

481. Feb. 8, interview with Mike Beevers, KFCF Fresno, 4:30 pm PST

480. Feb. 7, interview with Kevin Barrett, NoLiesRadio.org, 9 am PST; listen to archive here

479. Feb. 6, participant, Occupiers and Wells Fargo Executives Gather to Discuss the American Foreclosure Crisis, The Center of Nonprofit Management at California Endowment Building 1000 N. Alameda, Los Angeles, meeting 3 pm and press conference 5:30 pm

478. Feb. 2, interview with Tom Kiely, INN World Report Radio, 7:30 pm EST

477. Feb. 2, interview with Patrick Timpone, oneradionetwork.com, naturalnewsradio.com. Listen to archive here

476. Jan. 31, interview, Liberty Coins and Precious Metals, 9 am PST

475. Jan. 27, interview KPFA, Project Censored, 8:30 am PST

474. Jan. 27, FILMS4CHANGE-INSIDEJOB, panel speaker, Edye Second Space, Santa Monica Performing Arts Center, 7:30 pm

473. Jan 22, interview with Dave Hodges, The Common Sense Show, 7:30 pm PST. Listen live here.

472. Jan. 20, interview with Mike Harris, The Republic Broadcasting Network, 7 am PST

471. Jan. 16, interview with Rob Lorei, WMNF fm, Tampa, 2 pm PST

470. Jan. 14, interview with Stephen Lendman, progressive radio network, 10 am PST

469. Jan. 11, interview with Jeff Rense, rense.com, 8pm PST

India’s Political and Economic Elites: Swiss Banks, Harvard And Mars, In India Everything Is...

Fly me to the Moon… or Mars. It doesn't really matter as long as the Indian political and economic elites and sections of the...

Swiss Banks, Harvard And Mars: In India Everything Is Okay!

Fly me to the Moon… or Mars. It doesn’t really matter as long as the Indian political and economic elites and sections of the cheer-leading middle classes quench their insatiable patriotic thirst for delusional superpower status. Noises coming from those involved in ‘Mission Mars’ state that sending a probe to Mars (ahead of China) will only boost national morale (1).


How will sending a probe to the red planet make ‘the nation’ feel better? How will spending so much money on such a project make the vast majority of people struggling with rising costs and poor infrastructure feel good? Because the media and certain opinion leaders say it should? Because India will be sitting at the same superpower table as the US – again, because the media and the rich imply it will.  


Let’s forget about all of India’s problems and focus on the ‘good points’, the rich are fond of telling all of the critics. Formula 1, Forbes rich-listers, nuclear weaponry and space: what more could a country desire they state, as its leaders cede food sovereignty to multinational corporations by handing over nature’s seeds to Big Agra, sell its public sector infrastructure to private concerns, kill and abuse some of its poorest people to drive hundreds of thousands of them from their lands and leave a legacy for future generations of a chopped down, sold off, wasted, poisoned environment?


Like the mind-numbing dross pumped out of Bollywood, the ‘good points’ merely serve to sleep walk the masses into believing in the great Indian dream. And, as with the US version, you have to be asleep to believe it. Part of that dream is an existing prosperous Indiawith its burgeoning middle class, a thriving India with its recent record of high GDP growth and a powerful India straddling the world stage with its new found propensity for self delusion.


But the reality is an India of broken roads and other crumbling infrastructure made from skimped-on materials and dodgy parts courtesy of backhanders and siphoned off cash, an India that harbours its dirty little secret of mass killing of the girl child in (and out of) the womb, an India of media-friendly candlelit marches protesting crimes against the middle classes, but which has little to say about the daily atrocities that constitute a terrible normality for the majority.      


Scam after scam, illegal capital flight after illegal capital flight into Swiss banks. The ‘nation-builders’ who like us all to concentrate on the ‘good points’ and who talk much about boosting national morale with some or other project, while conspiring to stab the people in the back by robbing them of  a decent healthcare system, education system, welfare state and infrastructure (2). Yes, India, a country that could have been a shining example of social development, was sacrificed on the altar of greed and corruption for bulging Swiss accounts, for the private pockets of many of the country’s public ‘servants’, ‘wealth creators’ and the multinational vultures who long ago stopped circling and are now swooping (3). 


The nation’s politicians and rich are often castigated for their criminality. But their actions stem in part from an ‘Indian mindset’ that is all too common. It’s a mindset nurtured on self-aggrandisement, casteism, bribery, patronage, patriarchy, envy and cheating, traits that are pervasive throughout all social strata. And so when discredited politicians end up within touching distance of being elected PM due to very smart PR work (4) and a mass support base, should we be too surprised that India is in the state it is?  


Throw garbage into the street, drive directly at pedestrians with horn blurting to intimidate them out of the way, demand money from local businesses if you are a police official who is that way inclined, watch the latest Bollywood dross, run out and buy some useless product because Kareena, Priyanka or another icon of deception says ‘because you’re worth it’… but never ever let this narcissism, this beggar thy neighbour attitude, this ubiquitous mindset, give way to contemplate why the rivers and soils have been poisoned and people are being been made ill (5), agriculture is being hijacked by the likes of Monsanto, land is being grabbed on behalf of any number of corporations, the great nuclear power money fest is in full swing or why people are violently opposing state-corporate power. Much of this is the result of deals hammered out behind closed doors (6,7). Much of it results because too many are conditioned to be ignorant of the facts or to accept that all of the above is necessary.


Bow down to Krishna, Sachin Tendulkar or GDP growth figures? Take your pick, but the outcome is the same. This is a country where the majority sanctify certain animals, places, rivers and mountains for being representations of god or for being somehow touched by the hand of god. It’s also a country run by Wall Street sanctioned politicians who convince people to accept or be oblivious to the destruction of the same. The paradox of India, the extremities ofIndia… the glib clichés abound in the literature and brochures on India. As the tourism department says: Incredible India!


And as the herd, the herd conditioned to be bewildered, to loosely paraphrase US commentator Walter Lipman, buys into the rat race imported wholesale from the West and is manipulated by corporate-backed, product-touting celebrities and media, is there any hope forIndia?


The same question could also be asked of the US or Europe because similar forces are at work and play on insecurities and weaknesses of people and societies. The damning critique set out here is not reserved for India alone (8,9).


But there is some hope. Many are working strenuously to challenge the selling of the heart and soul of India, Europe or elsewhere (10,11).


Yet how easy will it be for them to be swept aside by the corrosive impacts of a rapacious capitalism and its hugely powerful corporations that colonise almost every area of social, cultural and life and encourage greed, selfishness, apathy, irretrievable materialism and acquisitive individualism, as well as the ignorance of reality ‘out there’ – what lies beyond the narrow concerns of spend and buy middle class India?


India was always ripe for Western capitalism’s taking. Consumerism’s conspicuous purchasing draws on and manipulates the pre-existing tendency to buy favour, the perceived self importance deriving from caste, the sense of entitlement due to patronage, the desire nurtured over the centuries to lord it over and seek tributes from whoever happens to be on the next rung down in the pecking order. Lavish, conspicuous displays of status to reinforce difference and hierarchy have always been important for cementing social status. Now icons of capitalism, whether renowned brand products, labels or product endorsing celebrities, have also taken their place in the pantheon of Indian deities to be listen to, worshiped and acquiesced to.


And the corporations behind it all achieve hegemony by altering mindsets via advertising, clever PR or by sponsoring (or hijacking) major events, by funding and slanting research findings and research institutions in their favour, by infiltrating officialdom and achieving lop-sided trade agreements and by doling out loans and patronage in turn for the structural adjustment of agriculture, retail, food production, the privatisation of sector utilities. They do it by many methods and means.


Before you realise it, culture, politics and the economy have become colonised by powerful private interests and the world is cast in their image. The prevailing economic system soon becomes cloaked with an aura of matter of factuality, an air of naturalness, which is never to be viewed for the controlling hegemonic culture or power play that it really is.


In the meantime, over 250,000 (and rising) farmers have committed suicide, the bulk of the population are struggling to escape from or stay out of poverty, money is being siphoned off hand over fist via scam after scam, filth-ridden towns and cities become more filth-ridden by the day and the female to male ratio indicates an alarming imbalance (12). Seeds, mountains, water, forests and the biodiversity are being sold off. The farmers and tribals are being sold out. And the more that gets sold off, the more who get sold out, the greater the amount of cash that changes hands, the easier it is for the misinformed to swallow the lie of Wall Street’s bogus notion of ‘growth’ – GDP. And India suddenly becomes capitalism’s poster boy ‘economic miracle’. A miracle blighted by dying or uprooted local communities and economies that do not have to die or be uprooted (13).   


This isn’t so much a ‘wounded civilisation’ as VS Naipal once noted, but one suffering from internal haemorrhaging as it continues to be bled dry from both within and without. But all is fine as long as the cash continues to be stashed away, the kids can be sent to Harvard and it’s a case of touchdown Mars. 


Notes




Money Laundering and The Drug Trade: The Role of the Banks

Mexico is in the grip of a murderous drug war that has killed over 150,000 people since 2006. It is one of the most...

The Banks: Serial Offenders

Newspaper accounts anticipate that JP Morgan Chase, the huge banking and  financial services company, is close to an agreement with the Department of Justice over charges brought against the company for its mortgage bond policies leading up to the 2008 economic collapse. JP Morgan Chase hopes to avoid legal proceedings by agreeing to settle the matter for around $11 billion with the caveat, of course, that they are admitting no guilt.

Just over a week ago, the same firm agreed to another settlement of just a bit less than a billion dollars over the trading fiasco dubbed “the Whale.”

In addition, JP Morgan Chase has paid out settlements of $1.8 billion for mortgage-foreclosure practices over the last year.

In the same time frame, the company conceded nearly half a billion dollars for the charge of energy market manipulation. Add another $300 million for claims lodged against mortgage-backed securities.

And we mustn't forget the nearly quarter-of-a-billion settlement against allegations of muni-bond manipulation in 2011.

With these six likely settlements in three years alone totaling about $15 billion in charges over questionable practices, one might conclude that JP Morgan Chase was a serial violator.

It might make one angry that JP Morgan Chase executives receive no penalty-- indeed continue to receive large bonuses-- despite these violations.

It might make one angrier still to scrutinize the long list of earlier settlements and penalties incurred by the firm, including for intimate involvement with the criminally corrupted firms of Enron and WorldCom. One might further mention JP's derivative scam that nearly drove Alabama's largest county into bankruptcy, a maneuver that pressured a three-quarter-billion-dollar settlement.

Further outrage might spring from the company's record fine paid to the United Kingdom's Financial Service Authority in 2010.

Certainly JP Morgan Chase's admission in January of 2011 that it systematically overcharged thousands of overseas military personnel on their mortgages would prompt the ire of many.

And then there is the matter of our government rewarding what appears to be a criminal enterprise with $25 billion in TARP funds to guarantee its managers didn't run the corporate ship aground on the shoals of the 2008 economic crisis! A helping hand to a criminal syndicate.

Understandably, some have suggested that “too big to fail” should be construed as “too big to jail.”

But JP Morgan Chase, like other big time criminal gangs, is quick to throw its associates under the bus to avoid prosecution. The mega-bank has postured as the victim of its own mortgage originators while offering to cooperate with federal prosecutors and deflect attention from its own role. A recent report by investigative reporter, Rich Lord, has shed light on this practice in Western Pennsylvania (Indicted Attorney points a finger at JPMorgan, Pittsburgh Post-Gazette, 10-6-13). To the surprise of no one but, perhaps, Federal prosecutors, documents have surfaced that prove JP Morgan's foreknowledge of mortgage fraud. Meanwhile, JP has bought immunity by claiming victimhood!

In a brazen statement of contempt for justice, Attorney General Eric Holder excuses banker criminality because “...if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.”
 
Will “...have a negative impact...?

Has Holder conveniently forgotten that banking industry practices nearly crushed the global economy five years ago?

Maybe the generous contributions that the financial industry makes to both political parties better explains this blind spot in the criminal justice system. Maybe the incentives spread thickly among the Washington legislators by bank lobbyists account for the apparent immunity. Certainly the charming, boyish grin of JP Morgan Chase CEO Jamie Dimon seems ever welcome in the halls and chambers of government.

It would be unfair to JP Morgan Chase to not note that the other mega-banks are equally criminal in their practices. Just in the last two weeks, CitiBank has incurred a $30 million fine and reached a $395 million settlement, while New York is suing Wells Fargo.

In its entirety, the pattern of mega-bank irresponsibility and criminality is breathtaking. Even more shocking is the realization that these institutions are not above the law, but actually ownthe law!

To give some perspective, the welfare system in the US-- known since its New Deal inception in1935 as Aid to Families and Dependent Children-- was deemed too expensive, wasteful, and unnecessary by the Clinton Administration and its Gingrich-led Republican legislative rivals in 1996. Accordingly, they dramatically cut a program that provided a floor to the living standards of over 12 million people, 8.4 million of whom were children. In 1996, the program cost a little over $20 billion (under $30 billion in 2012 dollars).

The fines and settlements made by JP Morgan Chase over the last 3 years alone would have paid for over half of the total annual cost budgeted for welfare before its radical surgery at the hands of the bi-partisan government!

Add in the fines and settlement costs of the other serial criminals of the financial sector and we could likely fund a robust welfare system today.

Surely, this is a world turned upside down, a world devoid of compassion for the poor and the needy and blind to the corruption of the rich and powerful.

With Reagan-era ideologues finding happy, well paying jobs with think tanks, big media, and universities, the drum beat of “welfare reform” swept the US in the late eighties and early nineties. They blamed welfare for increasing unemployment, creating dependency, unmarried mothers, and violent crime. The symbol of welfare abuse was the unmarried African American mother of young children living off food stamps and a welfare check. Popular media amplified and exaggerated this image.

And the liberals?

They mounted a tepid campaign of measures to shrink the welfare roles, a campaign that prominent observers like Arthur Schlesinger Junior labeled Reagan-emulating “me-tooism”. He denounced the Democrats as Republican “fellow-travelers.” Thus, it should be no surprise that “welfare as we knew it” was gone by 1996.

With no one to speak for her, it was so easy to demonize a young mother and her innocent children. The cowardly, spiteful courtiers of our ruling class won the one-sided battle to cast millions of this nation's most disadvantaged into greater insecurity.

But Jamie Dimon and his banker cohorts needn't fear the self-righteousness or the indignation of those executive and legislative child abusers who found it so easy to undercut the welfare of children. Their multi-billion-dollar criminality goes unpunished and will go unpunished by the Administration and the two-party legislators who govern our lives. They continue to blatantly rob and prey on us with impunity, knowing that a tolerable spanking is the most they will ever face.

Today, those same legislators of both parties are looking to cut other elements of the social safety net. And the game is the same as it was twenty years ago: the Republicans raise unfounded, irrational fears (in this case, debt, bankruptcy, economic chaos) and the Democrats offer a feeble defense and make an eager “compromise.” Yes, they are coming after our Social Security, Medicare, and Medicaid.

In the short run, we have to raise hell before they make their grand “compromise.” But in the long run, we have to find and vote for real peoples' candidates and not corporate Democrats. You'll recognize them when they campaign to put the bankers in jail and nationalize the banks!

Zoltan Zigedy



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Wall Street Banks: Too Big to Fail, Too Big To Jail

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In testimony before the Senate Judiciary Committee last week, US Attorney General Eric Holder made an extraordinary admission.

Responding to questioning from Republican Senator Chuck Grassley, who noted that there had been no major prosecutions of financial institutions or executives by the Obama administration, Holder said: “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if we do prosecute—if we do bring a criminal charge—it will have a negative impact on the national economy, perhaps even the world economy…”

In other words, major banks are so economically important that, according to Holder, it is impossible to prosecute them for criminal activity. They are above the law.

This exchange occurred during a discussion of the Justice Department’s settlement last month with British-based HSBC, the world’s third-largest bank. HSBC had been charged with laundering billions of dollars for Mexican and Colombian drug cartels. In exchange for avoiding charges, HSBC agreed to pay $1.9 billion, or roughly two months’ profits. Top US officials explicitly vetoed any criminal charges, even on lesser counts than money laundering.

HSBC is only the latest bank to have received a free pass. Earlier this year, ten financial firms agreed to pay $3.3 billion in cash to settle charges of mortgage fraud: amid the housing market collapse, they had employees fraudulently sign off on thousands of mortgage foreclosures a month.

Last year, the government ended an investigation into Goldman Sachs without charges over its promotion of mortgage-backed securities at the height of the speculative bubble—even as Goldman Sachs bet against the assets itself.

In 2010, the Obama administration reached a settlement with Wachovia Bank on similar charges as those brought against HSBC: laundering billions of dollars of drug money, in this case for the Sinaloa Cartel. The fine was $160 million, less than 2 percent of the previous year’s profits.

Many similar arrangements could be cited. In each case, a check is signed—if there is any punishment at all—and business goes on as usual. Whatever money the financial institutions lose is more than balanced by their take of the $85 billion funneled into the markets every month by the US Federal Reserve.

In justifying the administration’s refusal to prosecute, Holder cites the banks’ immense power over economic life. That these institutions exercise dictatorial control over the economy and engage in unchecked criminal behavior is not an argument for refusing to prosecute them, however. Rather, it is an argument for expropriating them, taking them out of the hands of the criminals that run them, and placing them under the democratic control of the working class.

In its dealings with these institutions, however, the government acts as a direct representative of the financial aristocracy. First Bush and then Obama justified the bank bailouts after the 2008 crash by citing the need to “save the economy.” Since then, millions of jobs have disappeared. To pay for such bank bailouts, governments around the world are implementing brutal austerity measures, wiping out public education, health care, retirement and other social programs.

A stench of corruption hangs over the whole process. There is hardly a single Obama administration official in a position important to the banks that does not have previous ties to Wall Street. These include:

Jacob Lew was confirmed this month by the Senate as Obama’s new treasury secretary. Lew, Obama’s former chief of staff, is also the former chief operating officer of Citigroup’s Alternative Investment Unit, which bet against the housing market as it collapsed.

Mary Jo White is Obama’s pick to head the Securities and Exchange Commission. White, who will likely be confirmed easily after hearings scheduled for today, is a former attorney at the corporate law firm Debevoise & Pimpleton, where she defended Wall Street banks and executives, often against investigations by the SEC itself.

Then there is the extraordinary case of David S. Cohen and Stuart Levey. As members of corporate law firm Miller Cassidy in the 1990s, they defended banks and other corporations from white-collar criminal charges, including money laundering. They passed in and out of the Treasury Department and private practice.

In 2004, Levey joined the Bush administration as undersecretary for terrorism and financial intelligence, responsible for overseeing narcotics trafficking and money laundering. He left in March 2011 to become HSBC’s chief legal officer. His deputy at the treasury department, and his successor, was none other than David S. Cohen. The two ex-colleagues would have both been heavily involved in forging the recent deal to settle HSBC’s money-laundering charges.

No banks or executives are prosecuted, because the individuals who would do the prosecuting and the individuals who would be prosecuted are, more or less, the same people.

Holder made his statements on the banks at the same hearing in which he laid out the Obama administration’s position that it has the authority to assassinate citizens within the United States without judicial review.

The coming together of these two statements is not simply coincidental. There is a class logic at work. With the active assistance of the state, the financial aristocracy is engaged in a looting operation, and criminality has become an integral part of the mode of wealth accumulation.

Anticipating social opposition, this same aristocracy is engaged in a conspiracy against democratic rights. While the banks and executives cannot be touched, anyone opposing these policies will face repressive police-state methods.

The political and economic system is rotten to the core. The only rational and appropriate response to such a state of affairs is to overturn this system, capitalism, and institute a new form of social organization based on the principle of social need—that is, socialism.

The active involvement of the state and all its institutions and parties in the criminal operation makes clear that the interests of the working class cannot be advanced except through a mass social and political movement, which aims to replace the government of the banks with a government of, by and for the working class.

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Banksters Rip Apart Spanish Health Care

According to the Organization for Economic Cooperation and Development's latest health care rankings of the 34 most developed nations in the world, the United States ranks dead last in male life expectancy.

We also rank near the very bottom in preventing premature death, infant mortality, total health care coverage, number of practicing doctors, and preventing heart disease deaths.

But, here's some good news (at least for those fans of Americanized health care): our world rankings might soon improve.

Not because we're radically changing our privatized system that puts profits ahead of people's lives. But because banksters in Europe are forcing several nations that rank ahead of us to ditch their national public health care systems, and replace them with more privatized (and profitable) American-style health care systems.

And, despite what conservatives say about how the American health care system is the envy of the rest of the world, those Europeans who are watching banksters re-make their public health care systems are outraged.

On Sunday, protests swept across Spain, with thousands of doctors, nurses, and health professionals demonstrating against new conservative austerity measures that will privatize more than 40 public hospitals and care centers.

Spain, like Greece, is indebted to the very foreign banksters who crashed their economy. And rather than telling those foreign banksters to take a hike like Iceland did, Spain's austerity-happy government is paying off the banksters by taking money from working people through cutting socials services like health care.

Spain's Prime Minister Mariano Rajoy argues the health care reforms will save his nation more than $9 billion this year, which can then be given to the banksters.

But, as one protesting nurse, Emilia Becares, told France 24 News, "There is no study that shows that privatising the management of hospitals leads to lower costs. This privatisation hurts patients' health care to benefit other interests."

Those "other interests" are, of course, the banksters and the for-profit healthcare hustlers.

The United States proves Emilia right. Privatization here has produced the highest health care costs of anywhere else in the developed world; the United States spends far more money on health care than any other OECD nation. And, although the banksters and the health care hustlers are making a fortune, average working people are dying at rates that shock the rest of the world: we rank near the bottom in health care outcomes.

So while conservative technocrats in charge of Spain are willing to use health care privatization to solve their short-term deficit woes, doing so will only make them worse over the long term.

Soon, Spanish hospitals, run for a profit, will decide if prescribing certain treatments and medical tests will boost or cut their quarterly profit goals. Spanish citizens, who used to have a right to health care, will now have to haggle with privatized corporate death panels that are more focused crunching numbers than saving lives.

As prices go up, preventative care will decline. There will be fewer visits to doctors. And the overall health of the population will plummet with the moneychangers in charge.

This means that over the long term the cost of healthcare to Spain will go up.

This is what Greece is now dealing with, since their public health care system was ripped apart by the banksters in 2011. Prior to the crisis, Greeks enjoyed complete universal health care. But when the banksters shook down the entire nation, they targeted the health care system, and told unemployed Greeks that they now have to pay for healthcare out of pocket. And if they don't have the money, then...well...too bad.

Greek doctor, Kostas Syrigos, told the New York Times about a woman with a tumor the size of an orange that had broken through her skin because she couldn't afford to see a doctor after the austerity cuts to health care.

Dr. Syrigos said, "Things like that are described in textbooks, but you never see them because until now; anybody who got sick in this country could always get help...In Greece right now, to be unemployed means death."

Sick and unemployed Americans face the same fate. According to a 2009 Harvard study, 45,000 Americans die every year because they don't have health insurance. And half of all bankruptcies in America are due to medical bills.

Most of the public health care systems across Europe were created after World War II, as the people understood that they needed to rebuild together, and should at the very least be providing free health care to each other, too.

But, the United States, triumphant after World War II, never learned this lesson. Instead, we handed the care of our citizens off to corporations and billionaires, and are today paying dearly for it with budget-busting health care costs, sick populations, and far too many premature deaths. But our healthcare banksters, like the CEOs of United Healthcare, are literally billionaires.

And those models for health care reform across the Atlantic are now disappearing one-by-one – the latest victims of conservatives and their bankster austerity programs. But at least in places like Greece and Spain, the people are putting up a fight against these profiteers. And it's a fight that's long overdue in America.

We should all ask ourselves why is it that thousands are taking to the streets to defend their public health care systems in Europe, but not once has there been a legitimate rally in America to defend our privatized health care system that kills tens of thousands of American every single year. Deep down inside, we know we're getting ripped off. Just like the Greeks and the Spaniards know they're getting ripped off.

Let's hope that the decision banksters made to target universal health care rights in Europe will inspire a new struggle in the United States that affirms we are indeed our brothers' and our sisters' keepers.

Barclays to Ax Thousands of Jobs

Barclays to Ax Thousands of Jobs

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Posted on Feb 12, 2013

The new chief executive of the British bank is aiming to clean up his scam-ridden operation by dropping 3,700 employees from its structured capital markets unit and other offices.

The unit has been described as facilitating “industrial scale tax avoidance” in the Libor scandal, in which banks falsely inflated the interest rate they use to make loans to one another. Approximately $350 trillion in derivatives trading is tied to the Libor.

—Posted by Alexander Reed Kelly.

The Guardian:

Barclays is to pay out £1.8bn in bonuses to its 139,200 staff after a year in which profits fell to £246m from £5.9bn a year ago.

Union officials at Unite called for the bank to narrow the gap between its highest and lowest paid employees. “It’s shocking but true that the starting salary at Barclays is just
£13,500 a year, making some workers at the bank eligible to claim tax credits. With pay negotiations due to start soon, Unite will be expecting the bank to reward its staff fairly for their contribution to the success of the bank,” said Dominic Hook, Unite’s national officer.

[CEO Antony] Jenkins signalled the bank would pull back from the international expansion pursued by his predecessors, retreating from continental Europe and focusing on the UK, US and Africa. He made clear that the investment bank would remain a major part of the company’s operations.

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Thousands March to ‘Lift the Burden’ of Austerity in Ireland

Over 100,000 Irish citizens took to the streets Saturday in protest of six years of severe austerity cuts and rocketing costs of living since the financial crisis plunged the country's banking system into an endless debt spiral. (Photo @kierfoley via ...

‘Lift the Burden’: Tens of thousands march against austerity in Ireland (VIDEO)

Screenshot from footage by RT's new video agency Ruptly

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Tens of thousands of people have marched through cities in Ireland in a massive show of anger against severe austerity measures and high costs of living.

The Irish Congress of Trade Unions,which organized the rallies, claimed more than 100,000 people attended, with some 60,000 marching in Dublin. Demonstrators also protested in Cork, Galway, Limerick, Sligo and Waterford.

Tough cuts were implemented to please Ireland's creditors in the wake of the country’s banking crisis. It has been relying on a joint EU-IMF loan since 2010.

The “Lift the Burden” march took place despite the Irish government’s recent bank debt deal with the European Central Bank. It saw 28 billion euro worth of costly promissory notes swapped for long-term sovereign bonds.

The union’s General Secretary David Begg vowed that the campaign against the debt burden will carry on until the European authorities fully honor the agreement reached last July to separate bank debt from sovereign debt, The Irish Times reported.

"It would be fatal for people to believe this issue is now resolved and we can all move on," David Begg said. "At the onset of the crisis Ireland had one of the lowest debt to GDP ratios in Europe. The difference between then and now is due entirely to Ireland socializing bank debt at the behest of the ECB, to save the European banking system."

I've no confidence at all in the deal, it won't make any difference to ordinary people," Alfie Murray who marched in Dublin with his 8-year-old grandson, told Reuters. "It's the next generation that'll shoulder the cost," he said.

Financial advisor Marco Pietropoli explained to RT that the Irish per capita have ended up with a far bigger bill than the most countries who had a bailout. “Therefore they are suffering a great deal more.”

Pietropoli says that Ireland's situation is one of the most difficult in the EU and that Dublin's holding of the bloc's presidency isn't likely to make things any better.

“I don’t think the Irish with the presidency are necessarily going to be able to exert much pressure or much influence to actually change the situation in Europe, because the power remains with the Germans.”

Image from twitter user‏@kierfoley
Image from twitter user‏@kierfoley

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Image from twitter user‏@gribers

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Image from twitter user‏@Darren606

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Image from twitter user‏@Vero_Zuma

Breaking Up the Big Banks is Not a Solution

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Bio

Leo Panitch is the Canada Research Chair in Comparative Political Economy and a Distinguished Research Professor of Political Science at York University in Toronto. Panitch is also the author of "Global Capitalism and American Empire" and his most recent release "American Empire and the Political Economy of International Finance". In addition to his university affiliation he is also a co-editor of the Socialist Register the latest volume of which is The Crisis This Time

Transcript

PAUL JAY, SENIOR EDITOR, TRNN: Welcome to The Real News Network. I'm Paul Jay in Baltimore.

Secretary of the Treasury Tim Geithner leaves his position the end of this month. And it's a good time to talk about the state of the global economy. Now joining us to do just that is Professor Leo Panitch, who joins us from Toronto. Leo is Canada research chair in comparative political economy and a distinguished research professor of political science at York University in Toronto. He's the coauthor of Global Capitalism and the American Empire and The Making of Global Capitalism. Thanks for joining us again, Leo.PROF. LEO PANITCH, YORK UNIVERSITY: Hi, Paul.JAY: So if we kind of look at the global economy, it seems to me you've got a kind of conundrum here. The globalization, the size of global companies are so massive, they require massive financial institutions in order to ensure the flow of global capital, to provide capital when big companies need it and such. And there's so much capital sitting in investors' hands, you know, in the trillions, ridiculous amounts of money that has to go somewhere, they need big institutions to deal with this. On the other hand, when you have such enormous financial institutions, they have an inordinate amount of political power, so that you can't regulate them. You can't—you know, they can't pass legislations or prosecute them when they're involved in fraud. So if this picture is kind of right, where are we at with this? 'Cause it seems to be a bit of an impasse in a way.PANITCH: Well, we're, you know, at that juncture where it looks like there ought to be more regulation of these massive financial institutions. But the type of regulation that they've been operating under for a very long time now is a type that facilitates the kind of role they play in exactly doing what you were describing, that is, greasing the wheels of global capitalism, including, I might say, ensuring that states are able to sell the bonds they need in order to cover their own expenditures, not least the American state. So the type of regulation is of a kind that doesn't want to hamstring these corporations, these corporate banks, and the role they play, and the innovative role they play in developing all types of new financial instruments and credit instruments that allow corporations and states to access the capital sloshing around in the market, that allows those countries that have trade surpluses to invest those trade surpluses so that they're getting returns on them and they're safe, etc., etc.Now, if you introduce the kind of regulation in the wake of this chaotic financial system and the crisis it just produced—it's not the first one, but it's the biggest one—if you introduce those types of regulations that would prevent that, which would be what the Treasury called in the 1990s failure prevention, you get in the way of those institutions playing this kind of role in global capitalism. And for that reason, the main thing that the Treasury and the Fed was doing for 20 years or more was orienting itself to containing what they saw as the inevitable crises that this necessary but very volatile financial system would produce. And they were walking a tightrope. They knew they were walking a tightrope. They fell off it a number of times but managed to balance themselves. In 2007, 2008, they really fell off. But the regulation of it that would prevent this happening in the future is simply not possible, for the reasons that you identify. So Geithner's main motto—and he told a meeting of bankers from 27 countries this in Atlanta, June 2011: our main goal is to learn how to better contain the inevitable crises that this system will produce, recognizing that it's all the more difficult and complex to do it because you have to coordinate with so many other regulators around the world.JAY: And containing, for them, means the financial institutions survive, the system survives. It's not contained in the sense that tens of thousands or millions of people's lives aren't destroyed in terms of losing homes and jobs and [crosstalk]PANITCH: No, no. Well, that's the fallout. And, you know, they might do and they do do minor things to mitigate the fallout and the way it undermines the legitimacy of these players. But no. The main thing to do is to keep these giant private banks going. And were they not to do that, they would be—and it would be a disaster, given the way in which everyone in the system, including students who depend on them for loans, workers who find their paycheques deposited there, and the massive corporations, of course, which run their own corporate bonds through the sale of these brokerage houses which are now all banks, they depend on this. So it would be a disaster. The only way in which one can get out of this—and, you know, one doesn't say this in any sense for ideological reasons any longer. It's quite pragmatic. The only way you can get out of it is to turn these financial institutions into public utilities.JAY: Before we go there, 'cause—and I do want to go there—there's just one other piece to this, which is they're not only too big to fail, which means, you know, the states have to jump in and make sure the financial institutions, no matter what, are shoveled money to make sure they survive, but they're too big to prosecute, people have been saying. And, in fact, there's a PBS film came out just recently [crosstalk]PANITCH: Yes, I saw that. And, you know, it was a decent show. And I'm sure there was a lot of pressure on the Justice Department not to prosecute. And I don't know that it would have been impossible to have found a couple of culprits who were CEOs. But, you know, it wouldn't have changed the dynamics of the thing, and it probably would have undermined bankers' confidence. And this market, because it's so chaotic, because the bankers (and it's very competitive) aren't sure that one of these banks is not so overleveraged they might go under and bring down much of the system with them, you can't undermine bankers' confidence. And this is what's going on in Europe as well. I mean, having caused this problem, the Europeans find themselves subject to the confidence of these bond markets, and these bond markets are run through these banks. JAY: Now, the other part of it is—I shouldn't say other part—one of the solutions that's being offered is that there should be a breaking up of the big banks. Now, I don't know how on earth you would ever pass such a thing, given the power the banks have in the parliaments and the congresses and such around the world, and particularly in the United States. But even if you could, is that a solution, breaking up the big banks?PANITCH: Yeah. I mean, first of all, as you say, politically that's inconceivable, and not only in the United States, I must say. But even beyond that, given the current political order, even beyond that, the types of functions that these banks perform for, say, the Treasury, for the New York Fed, as it markets Treasury bonds for where I'm sitting, for the Ontario government—every provincial government in Canada markets its bonds through the New York banks, not to mention the kinds of functions they perform for, you know, the insurance pension funds—no, you know, you couldn't conceive that you could break this up into, you know, banks—what, there are 55,000 banks in the United States. Only 1,000 of them have any significant large assets. So you try to break them down to the level of the 4,500 other banks, and they would immediately have to eat each other up, start concentrating, and play that much larger role, which is not going to happen, because of the dominance, inevitably, of the larger banks in the whole system. In fact, these smaller banks, what do they do if the deposits that they raise, they immediately deposit them in the large banks themselves, who then buy the types of securities that these banks need in order to meet their customers' demands?JAY: Okay. So if breaking up the banks isn't a really viable alternative, then let's go where you were going. Then what is the alternative?PANITCH: Well, you know, part of the problem of the American left political culture is that it has this—you know, like the right, it has this image that capitalism would be fine if it was only made up of small competitors. In fact, small competitors, when you have that, tend to pay their workers a lot less, tend to be more right-wing, very often, than the large capitalists, who are, if anything, a little more knowledgeable with regard to how the system works and how you have to keep the legitimacy of the under class. This has always been an illusion on the American left, and one's hearing it again, as if the culture of small bankers on Main Street in some Midwest or Texas town is actually more progressive than the culture of Wall Street. It's not. But beyond that, the much more pragmatic and possible thing to do is to take these very large banks into the public domain and turn them into public utilities and have them serve the functions that are needed, in terms of a financial market, in a way that is determined by state policy and by a system of democratic planning, so that the decisions they now make about where things will be invested and into what they'll be invested would be made in relation to democratic public policymaking, that to—of course, I entirely grant, to imagine democratic public policymaking would entail a fundamental change in the American state and the party system. It's not just that the banks are too powerful outside the Treasury and Fed. The Treasury and Fed are part of the Wall Street nexus, and they are organized in such a way, and the people who work in them are trained in such a way, as to be reproducing the current system. So one's talking about when one says this: not just a change on Wall Street, where these banks become public utilities, but a change in Washington. Obviously this is the case. And in order to be able to get that, you have to have a change in a different type of democratic politics you have in the United States, an opening in the political system. All of this is a very long-term process. It isn't going to happen quickly. Neither are you going to break up the big banks quickly, if at all. But it does mean that at least one's educating people to the type of long-run goals and the type of political project, the type of new political institutions we need in order to realistically get beyond a situation in which our state is engaged in what Geithner calls failure containment, recognizing that these crises are inevitable, but that the capitalist system is dependent on them, and all the state can try to do is contain the crises when they happen.JAY: But even in the short term, if there was will and political will even within the sort of existing corporate culture, you could even imagine, you know, an administration in Washington without this sort of political transformational change taking place saying, you know, when AIG was in such crisis and some of those big banks were in crisis, at the very least passing stuff that, for example, forces loans, that create a kind of stimulus of some sort, with some kind of public interest hooked to it—what I'm saying is it's within the realm of doable, but you don't even find that kind of will to do that.PANITCH: Well, you know, even where you do find the will—and, you know, sometimes they have no choice but to take AIG into the public domain, or, for that matter, General Motors—or the British Labour government took a number of the largest banks in Britain into the public domain, as we know. But the balance of political forces, the political culture, the orientation of these people at the head of these parties, and indeed at the head of the civil service, is such that they immediately promise that they will not interfere in the commercial decisions of these corporations, that they will not stick their noses into their investment decisions, that they want to be equivalent of investors who get the highest return for the taxpayer. That's exactly what was argued with regard to General Motors and with regard to the banks that the Labour government took over in 2008, 2009. So in a sense, you know, it's not the Treasury socializing these private corporations; it's rather the private corporations incorporating the government departments.Now, this has a lot to do, of course, with what's happened even in the Democratic Party and social democratic parties over the last 30, 40 years. It has a lot to do with the fact that the type of radical people who would have an image of democratic economic planning, once they state that, if they get a job inside a department of finance or a central bank, are sent to clean the toilets rather than use their knowledge in a way that would be useful for democratic planning.JAY: Alright. Thanks for joining us, Leo.PANITCH: It's great to talk to you, Paul.JAY: And thank you for joining us on The Real News Network.

End

DISCLAIMER: Please note that transcripts for The Real News Network are typed from a recording of the program. TRNN cannot guarantee their complete accuracy.


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Surprise! When Banks Oversee Their Own Review ‘No Harm Found’

No wonder the Fed and the OCC snubbed a request by Darryl Issa and Elijah Cummings to review the foreclosure fraud settlement before it was finalized early last week. What had leaked out while the Potemkin borrower reviews were underway showed them to be a sham, as we detailed at length in an earlier post. But even so, what actually took place was even worse than hardened cynics had imagined.

We are going to be reporting on this story in detail, since we are conducting an in-depth investigation. But this initial report by Huffington Post gives a window on a good deal of the dubious practices that took place during the foreclosure reviews. I strongly suggest you read the piece in full; there is a lot of nasty stuff on view.

There are some issues that are highlighted in the piece, others that are implication that get somewhat lost in the considerable detail. The first, as stressed by Sheila Bair and other observers, is that the reviews were never designed to succeed. This is something we and others pointed out; this was all an exercise in show. The OCC had entered into these consent orders in the first place with the aim of derailing the 50 state attorney general settlement negotiations. This was all intended to be diversionary, but to make it look like it had some teeth, borrowers who were foreclosed on in 2009 and 2010 who thought they were harmed were allowed to request a review. If hard was found, they could get as much as $15,000 plus their home back if they had suffered a wrongful foreclosure, or if they home had already been sold, $125,000 plus any equity in the home. Needless to say, the forms were written at the second grade college level, making them hard to answer. A whistleblower for Wells Fargo reported that of 10,000 letters, harm was found in none because the responses were interpreted in such a way as to deny harm (for instance, if the borrower did not provide dates of certain incidents, those details were omitted from the assessment).

But the results were even worse than that, hard as it is to believe. For instance, even though the OCC stipulated that the banks hire supposedly independent reviewers, they were firmly in control of the process. From the article, describing the process at Bank of America, where a regulatory advisory firm Promontory was supposed to be in charge:

Bank of America contractors were reviewing Bank of America loans at a Bank of America facility under the management of full-time Bank of America employees. They were reporting those results to Promontory, the outside independent consultant, whose employees started their reviews based on what Bank of America contractors had concluded.

As the auditor, Promontory had authority to overrule any conclusion drawn by a Bank of America contractor. Promontory has defended its work as independent from influence by Bank of America. But the Bank of America contractors said it was clear to them that what they noted during their reviews was integral to the process. They continued to do substantive, evaluative review work until a few months ago, they said, when they were told that their job going forward was simply to dig up documents for Promontory.

Of course, Promontory protests that it was in charge. It is hard to take that seriously when no one from Promontory was on premises. And the proof is that the Bank of America staff suppressed the provision of information:

Another contract employee recounted the time he noted in a file that he couldn’t find vital documents, such as notice supposedly sent to a homeowner that a foreclosure was pending. “Change your answer,” he said he was told on several occasions by his manager.

Second is that the OCC was changing the goalposts as the reviews were underway. But was that due to OCC waffling or pushback by the consultants acting in the interest of the banks to derail the process by making the results inconsistent over time? If you do the first month of reviews under one set of rules and then get significant changes in month two, that implies you have to revise or redo the work in month one. That serves the consultants just fine, their bills explode. And the banks get to bitch that the reviews are costing too much, which gives them (and the OCC) a pretext for shutting them down, which is prefect, since they were all intended to be a PR rather than a substantive exercise from the outset.

Consider this section:

From the the consultants’ point of view, it was the government regulators who had some explaining to do. First there was the constant change in guidance, throughout at least the first eight months of the process, as to what they wanted the auditors to do and how they wanted them to do it, they said. The back-and-forth was so constant, one of the consultants involved with the process said that specific guidelines for determining if a mortgage borrower had been harmed by certain kinds of foreclosure fraud still weren’t in place as late as November 2012.

Huh? Tell me how hard it is to determine harm. If a borrower was charged fees not permitted by statue or the loan documents, there was harm. If the fees were in excess of costs (not permitted) there was harm. If the fees were applied in the wrong order, there was harm. If a borrower was put into a mod, made the payments as required in the mod agreement, but they weren’t applied properly and they were foreclosed on despite following bank instructions, there was harm. Honestly, there are relatively few cases where there is ambiguity unless you are actively trying to throw a wrench in the process, and it is not hard to surmise that is exactly what was happening. That is not to say there might not have been ambiguity on the OCC side, but it is not hard to surmise that this was contractor/bank looking to create outs, not any real underlying problem of understanding harm v. not harm.

It looks that some of the costly process changes were also due to the consultants being caught out as being in cahoots with their clients rather than operating independently:

The role of the Bank of America contract employees did not change to simply doing support work for Promontory until near the end of last year. That happened after ProPublica reported that Promontory’s employees were checking over Bank of America’s work, rather than conducting a fully independent review.

Finally, the article mentions (but does not dwell on) the fact that there was considerable evidence of borrower harm:

The reviewer said she found some kind of bogus fee in every file she looked at, ranging from a few dollars to a few thousand dollars. Another who looked for errors that violated state statutes estimated that 30 to 40 percent of loan files contained mistakes.

One reviewer who provided a comment that we elevated into a post was far more specific:

…in one case I reviewed the borrower paid approximately 25K to reinstate his mortgage. Then he began to make his mortgage payments as agreed. Each time he made a payment the payment was sent back stating he had to be current for the bank to accept a payment. He made three payments and each time the response was the same. Each time he wrote and called stating he had sent in the $25K to reinstate the loan and had the canceled check to prove it. After several months the bank realized that they had put the 25K in the wrong account. At that time that notified him that they were crediting his account, but because of the delay in receiving the reinstatement funds into the proper account he owed them more interest on the monies, late fees for the payments that had been returned and not credited and he was again in default for failing to continue making his payment. The bank foreclosed when he refused to pay additional interest and late fees for the banks error. I was told that I shouldn’t show that as harm because he did quit making his payments. I refused to do that.

There was another instance when there was no evidence that the bank had properly published the notice of sale in the newspaper as required by law. The argument the bank made when it was listed as harm to the borrower was “here is the foreclosure sale deed, obviously we followed proper procedure, and you should change your answer as to harm.”

Often there is no evidence of a borrower being sent a proper notice of intent to accelerate the mortgage. When these issues are noted in a file we are told to ignore them and transfer those files to a “special team” set up to handle that kind of situation. You choose whatever meaning you like for that scenario.

To add insult to injury, the settlement fiasco was shut down abruptly without the OCC and the Fed coming with a method for compensating borrowers. So the records have been left in chaos. That pretty much guarantees that any payments will be token amounts spread across large number of borrowers, which insures that borrowers that suffered serious damage, such as the case cited above, where the bank effectively extorted an extra $25,000 from a borrower before foreclosing on him, will get a token payment, at most $8,000 but more likely around $2,000. Oh, and you can be sure that the banks will want a release from private claims as a condition of accepting payment. $2,000 for a release of liability is a screaming deal, and it was almost certainly the main objective of this exercise from the outset. Nicely played indeed.

Surprise! When Banks Oversee Their Own Review ‘No Harm Found’

No wonder the Fed and the OCC snubbed a request by Darryl Issa and Elijah Cummings to review the foreclosure fraud settlement before it was finalized early last week. What had leaked out while the Potemkin borrower reviews were underway showed them to be a sham, as we detailed at length in an earlier post. But even so, what actually took place was even worse than hardened cynics had imagined.

We are going to be reporting on this story in detail, since we are conducting an in-depth investigation. But this initial report by Huffington Post gives a window on a good deal of the dubious practices that took place during the foreclosure reviews. I strongly suggest you read the piece in full; there is a lot of nasty stuff on view.

There are some issues that are highlighted in the piece, others that are implication that get somewhat lost in the considerable detail. The first, as stressed by Sheila Bair and other observers, is that the reviews were never designed to succeed. This is something we and others pointed out; this was all an exercise in show. The OCC had entered into these consent orders in the first place with the aim of derailing the 50 state attorney general settlement negotiations. This was all intended to be diversionary, but to make it look like it had some teeth, borrowers who were foreclosed on in 2009 and 2010 who thought they were harmed were allowed to request a review. If hard was found, they could get as much as $15,000 plus their home back if they had suffered a wrongful foreclosure, or if they home had already been sold, $125,000 plus any equity in the home. Needless to say, the forms were written at the second grade college level, making them hard to answer. A whistleblower for Wells Fargo reported that of 10,000 letters, harm was found in none because the responses were interpreted in such a way as to deny harm (for instance, if the borrower did not provide dates of certain incidents, those details were omitted from the assessment).

But the results were even worse than that, hard as it is to believe. For instance, even though the OCC stipulated that the banks hire supposedly independent reviewers, they were firmly in control of the process. From the article, describing the process at Bank of America, where a regulatory advisory firm Promontory was supposed to be in charge:

Bank of America contractors were reviewing Bank of America loans at a Bank of America facility under the management of full-time Bank of America employees. They were reporting those results to Promontory, the outside independent consultant, whose employees started their reviews based on what Bank of America contractors had concluded.

As the auditor, Promontory had authority to overrule any conclusion drawn by a Bank of America contractor. Promontory has defended its work as independent from influence by Bank of America. But the Bank of America contractors said it was clear to them that what they noted during their reviews was integral to the process. They continued to do substantive, evaluative review work until a few months ago, they said, when they were told that their job going forward was simply to dig up documents for Promontory.

Of course, Promontory protests that it was in charge. It is hard to take that seriously when no one from Promontory was on premises. And the proof is that the Bank of America staff suppressed the provision of information:

Another contract employee recounted the time he noted in a file that he couldn’t find vital documents, such as notice supposedly sent to a homeowner that a foreclosure was pending. “Change your answer,” he said he was told on several occasions by his manager.

Second is that the OCC was changing the goalposts as the reviews were underway. But was that due to OCC waffling or pushback by the consultants acting in the interest of the banks to derail the process by making the results inconsistent over time? If you do the first month of reviews under one set of rules and then get significant changes in month two, that implies you have to revise or redo the work in month one. That serves the consultants just fine, their bills explode. And the banks get to bitch that the reviews are costing too much, which gives them (and the OCC) a pretext for shutting them down, which is prefect, since they were all intended to be a PR rather than a substantive exercise from the outset.

Consider this section:

From the the consultants’ point of view, it was the government regulators who had some explaining to do. First there was the constant change in guidance, throughout at least the first eight months of the process, as to what they wanted the auditors to do and how they wanted them to do it, they said. The back-and-forth was so constant, one of the consultants involved with the process said that specific guidelines for determining if a mortgage borrower had been harmed by certain kinds of foreclosure fraud still weren’t in place as late as November 2012.

Huh? Tell me how hard it is to determine harm. If a borrower was charged fees not permitted by statue or the loan documents, there was harm. If the fees were in excess of costs (not permitted) there was harm. If the fees were applied in the wrong order, there was harm. If a borrower was put into a mod, made the payments as required in the mod agreement, but they weren’t applied properly and they were foreclosed on despite following bank instructions, there was harm. Honestly, there are relatively few cases where there is ambiguity unless you are actively trying to throw a wrench in the process, and it is not hard to surmise that is exactly what was happening. That is not to say there might not have been ambiguity on the OCC side, but it is not hard to surmise that this was contractor/bank looking to create outs, not any real underlying problem of understanding harm v. not harm.

It looks that some of the costly process changes were also due to the consultants being caught out as being in cahoots with their clients rather than operating independently:

The role of the Bank of America contract employees did not change to simply doing support work for Promontory until near the end of last year. That happened after ProPublica reported that Promontory’s employees were checking over Bank of America’s work, rather than conducting a fully independent review.

Finally, the article mentions (but does not dwell on) the fact that there was considerable evidence of borrower harm:

The reviewer said she found some kind of bogus fee in every file she looked at, ranging from a few dollars to a few thousand dollars. Another who looked for errors that violated state statutes estimated that 30 to 40 percent of loan files contained mistakes.

One reviewer who provided a comment that we elevated into a post was far more specific:

…in one case I reviewed the borrower paid approximately 25K to reinstate his mortgage. Then he began to make his mortgage payments as agreed. Each time he made a payment the payment was sent back stating he had to be current for the bank to accept a payment. He made three payments and each time the response was the same. Each time he wrote and called stating he had sent in the $25K to reinstate the loan and had the canceled check to prove it. After several months the bank realized that they had put the 25K in the wrong account. At that time that notified him that they were crediting his account, but because of the delay in receiving the reinstatement funds into the proper account he owed them more interest on the monies, late fees for the payments that had been returned and not credited and he was again in default for failing to continue making his payment. The bank foreclosed when he refused to pay additional interest and late fees for the banks error. I was told that I shouldn’t show that as harm because he did quit making his payments. I refused to do that.

There was another instance when there was no evidence that the bank had properly published the notice of sale in the newspaper as required by law. The argument the bank made when it was listed as harm to the borrower was “here is the foreclosure sale deed, obviously we followed proper procedure, and you should change your answer as to harm.”

Often there is no evidence of a borrower being sent a proper notice of intent to accelerate the mortgage. When these issues are noted in a file we are told to ignore them and transfer those files to a “special team” set up to handle that kind of situation. You choose whatever meaning you like for that scenario.

To add insult to injury, the settlement fiasco was shut down abruptly without the OCC and the Fed coming with a method for compensating borrowers. So the records have been left in chaos. That pretty much guarantees that any payments will be token amounts spread across large number of borrowers, which insures that borrowers that suffered serious damage, such as the case cited above, where the bank effectively extorted an extra $25,000 from a borrower before foreclosing on him, will get a token payment, at most $8,000 but more likely around $2,000. Oh, and you can be sure that the banks will want a release from private claims as a condition of accepting payment. $2,000 for a release of liability is a screaming deal, and it was almost certainly the main objective of this exercise from the outset. Nicely played indeed.

US banks agree an $8.5 billion foreclosure settlement

(Reuters / Jonathan Ernst)

(Reuters / Jonathan Ernst)

Owners of wrongfully repossessed houses could now get up to $125,000 as ten major US banks agree to settle federal complaints. This will end a foreclosure review process begun by a 2011 enforcement action.

Under the new agreement, those people who had their homes seized and then sold would get the biggest pay offs, while banks who failed to modify people’s loans in light of a change of income would get off more lightly. The settled compensation is anywhere between $1000 and $125,000.

The initial 2011 enforcement review was ordered because banks and mortgage companies had bypassed steps in the foreclosure process and had mishandled people’s paperwork.

The banks involved include the Bank of America, Wells Fargo, JP Morgan Chase, Citigroup, MetLife Bank, PNC Financial Services and Sovereign.

Monday’s settlement was announced by the Office for the Comptroller of the Currency (OCC) and the Federal Reserve and covers up to 3.8 million people who had their homes repossessed in 2009 and 2010.

Of those about 400,000 borrowers may receive payments. About $3.3 billion would be in direct compensation payments to borrowers, while $5.2 billion would pay for assistance such reducing loans or the interest rates at which they are paid back.

The deal “represents a significant change in direction” from the original 2011 agreements said Thomas Curry, a spokesman for the OCC said in statement.

Both banks and consumer watch dogs had complained that the 2011 settlement required loan-by-loan reviews, which were time consuming and costly without reaching many home owners.

Banks were also paying large sums to consultants to review the files and some people questioned the independence of those consultants.

Curry said that the new deal ensures “That consumers are the ones who will benefit, and that they will benefit more quickly and in a more direct manner”.

But some consumer advocates have said the new settlement lets the banks off the hook, as under the old deal some payments could have been much higher.

“It’s another get out of jail card for the banks, it caps their liability at a total number that’s less than they thought they were going to pay going in,” said Diana Thompson, a lawyer with the national Consumer Law Centre.

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Unprecedented Global Risk

‘Amnesty Don’: Trump’s base furious over reported DACA deal with Democrats

Published time: 14 Sep, 2017 18:40 Many supporters of US President Donald Trump are reacting angrily...

‘Unlimited war’ and transgender troops: Amendments seek limits to military spending bill

A rushed Senate vote on a military and defense spending will consider amendments on transgender troops...

US threatens to ‘cut China off’ from dollar if it does not uphold sanctions...

The US could impose economic sanctions on China if it does not implement the new sanctions...

Laughing on the Way to Armageddon

The United States shows the world such a ridiculous face that the world laughs at us. The latest spin on “Russia stole the election” is...

Credit company warns 143mn people may be affected in data breach

Published time: 8 Sep, 2017 02:08 Equifax Inc. says a breach of their system may affect...

The Next Subprime Loan Crisis

The self-described “Geniuses of Wall Street” are being stupid. Again. In 2007, their stupid schemes and frauds crashed our economy, destroying middle-class jobs, wealth, and...

Pentagon wants to search 80% of world’s IP addresses for viruses – DARPA docs

The US Department of Defense wants to identify and neutralize cyber viruses by deploying software bugs...

1.4mn more bogus Wells Fargo accounts emerge with Congress asleep at the wheel

As the tally of fake Wells Fargo accounts balloons to 3.5 million, Congress has yet to...

Amid Texas flood relief & rescue, potshots at Trump

As the death toll from Hurricane Harvey rises and Americans live through the devastation, some are...

Alaska’s thawing permafrost could be gone in decades – study

The permafrost that covers great swaths of Siberia, northern Canada, Alaska and Greenland is warming twice...

Pro-Palestine activists who shut down UK-based Israeli drone factory face jail

Five activists are potentially facing jail after blockading an Israeli arms factory in the English...

What Happened to All Those Foreclosed Houses?

We know that millions of American families lost their homes after Wall Street’s 2007 financial crash. But where did all those houses go? It turns...

Rogoff, Orwell, and Kafka

Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his role as self-appointed crusader against cash, but...

The De-Putin-Nazification of America

Sometime circa late July, as the hundreds of thousands of de facto vassals that cater to the needs of New York City’s simulated aristocracy...

Veterans group sues Pentagon after personal military records exposed

The Pentagon is being sued by a veterans group after the agency exposed private information of...

US senators call on Trump not to sanction Venezuela oil imports

US Senators from oil-refining states have called on the president to avoid a blockade of the...

U.S. Government and Press Lie Constantly, with Total Impunity

Eric Zuesse, originally posted at strategic-culture.org The U.S. press don’t report this fact, but that doesn’t mean it’s not true. The following will document its...

The Foundation of Structural-Anarchism and Structural-Anarchism Economics

***** Part I First and foremost, for structural-anarchism, value is not created out of thin-air. It is created via a ruling ideational comprehensive framework, namely, when...

Hacker who stopped WannaCry gets $30,000 bail

Published time: 5 Aug, 2017 08:09 Bail has been set at $30,000 by a judge in...

Expert who disabled ‘WannaCry’ cyber attack indicted over bank malware ‘Kronos’

A British-based malware researcher has been indicted in connection to the “Kronos” malware which targets banks....

Democrats Push for More Wells Fargo Hearings After Latest News of Fake Accounts

Democrats in the Senate Banking Committee jointly called for a hearing with Wells Fargo CEO Timothy Sloan days after he admitted to his company...

‘US-Russia relations at all-time & dangerous low. Thank Congress’ – Trump

Published time: 3 Aug, 2017 12:32 Edited time: 3 Aug, 2017 13:10 Relations between the US...

‘Chip party’: US company celebrates implanting microchips in employees (VIDEO)

A Wisconsin company has implanted microchips into its employees at a symbolic ‘chip party’, a first...

Indian Independence: Forged in Washington?

India commemorates the end of British rule 70 years ago on 15 August. Now might be an apt moment to consider where India might...

House Repeals Consumer Protection Arbitration Rule

Jubilee USA NetworkThe House voted to repeal the Consumer Financial Protection Bureau's rule that ‎made it easier for consumers to take joint legal action against...

Delaware allows corporations to use blockchain to create & maintain transaction records

The “corporate capital of the world” has just made it legal for corporations to use blockchain...

After Six Months, A Detailed Look at 'Giant Bait and Switch' Trump Presidency

It has been six long months since Donald Trump's inauguration, and unsurprisingly, the president has not parlayed his populist campaign promises into policy. In...

Wall Street wants rollback of Enron-era accounting rules

Financial executives have called on lawmakers to scale back securities regulations that they argue stifle the...

Idaho news station apologizes to BLM activist over ‘bank robbery’ picture blunder

Published time: 16 Jul, 2017 22:38 A TV station has apologized to a well-known Black Lives...

US Experts Say North Korean Leadership May Be Ruthless and Reckless, But They Are...

Despite the rhetoric from the Trump administration about military confrontation with North Korea, the common theme of many U.S. experts on North Korea is...

JP Morgan warns Britain is powerless to stop exodus of financial firms post-Brexit

One of the world’s top investment banks has warned it may have to withdraw hundreds...

The Recapture of Mosul

Photo by DVIDSHUB | CC BY 2.0 Iraq is declaring victory over Isis in Mosul as the Prime Minister Haider al-Abadi, wearing black military uniform, arrived in the...

Future Shock: Imagining India

What might a future India look like? If current policies continue, it could mean dozens of mega-cities with up to 40 million inhabitants and just two...

Brexit referendum 1 year on: 10 moments Britain would rather forget (VIDEOS)

One year to the day since Britain opted to leave the European Union, RT UK...

The Reason Behind the U.S. Government’s Secret Hatred of Europeans

Eric Zuesse, originally posted at strategic-culture.org The reason for the U.S. government’s hostility — at least since 4 February 2014 — toward Europeans, has been...

Corrupt & Corrupter: US govt seeks rights to ‘Dumb & Dumber To’ from Malaysia’s...

The Justice Department is going Hollywood as a way to recover $540 million in assets that...

Forbes’ ‘Go Bust’ Prescription For Indian Farmers Is A Death Warrant

By Binu Mathew and Colin Todhunter Background Washington’s long-term plan has been to restructure indigenous agriculture across the world and tie it to an international system...

Women on LinkedIn see rise in sexual harassment, employers may be liable

LinkedIn is meant to be a business-only social media platform, but recent accusations and lawsuits claim...

Climate Activists in Pacific Northwest Fight Construction of World's Largest Methanol Refinery

"No Methanol Refinery" climate activists rally against the proposed Kalama Methanol Refinery outside a regional office of the Washington State Department of Ecology in...

House Republicans vote to roll back major Wall Street regulations enacted after ‘08 crash

Against a unified Democratic Party in the US House, Republicans have passed a bill to undo...

DOJ bans Holder-era settlement payouts to 'slush fund' third parties

The US Justice Department will no longer pay settlements to third parties that were “neither the...

‘This Is the Only Way to Restore Democracy in Brazil’

Janine Jackson interviewed Maria Luisa Mendonça about Brazil’s presidential crisis for the June 2, 2017, episode of CounterSpin. This is a lightly edited transcript.       1. CounterSpin170602Mendonca -...

Resist the Duopoly: Because Judas’s Party Can’t Defeat Trump’s

Author’s Note: This is the second and final part of my call-to-arms series “The REAL Trump Resistance: An Anti-Duopoly Occupy.” Given the importance I...

Promoting the Commons in the Time of Monsters

Can the Commons and peer-to-peer (P2P) practices really offer viable solutions for our present and future social, political and ecological crises? Spain’s municipal successes...

The Best Way to Resist Trump Ditching Paris? Divest from Fossil Fuels

After Trump’s decision to exit the Paris Climate Agreement, many of us are looking for a way to fight back. One of the simplest...

Massive March on McDonald's Takes On "Donald Trump of Corporations"

Thousands are planning to march on McDonald's in Chicago on Tuesday evening, demanding $15 an hour and union rights from the fast food giant...

Global Mobilisation Expands Divestment Worldwide

WASHINGTON - Thousands of people attended over 260 events in 45 countries on six continents to put pressure on institutions to break their financial...

‘We Are Seeing No Selling of Physical Gold or Silver’

Time and time again we are seeing fraud taking place in the precious metals’ market. Thousands of tonnes of paper silver and paper gold...

Theresa May endures radio phone-in from hell as medics attack Tory healthcare record

Published time: 12 May, 2017 11:41 Prime Minister Theresa May was grilled on Thursday night...

Athens: Anarchists Attack Business Known for Preying on the Poor

In broad daylight anarchists in Athens attacked an auction house known for selling off the homes of poor families in debt. Communique below. ***** The issue...

The Robot Economy: Ready or Not, Here It Comes

Duc Tran, an automation engineer, observes the fully autonomous robotic truck loader during a test at the Wynright Robotics facility in Arlington, Texas, July...

Bigoted Americans Far More Supportive of War Against Syria

Eric Zuesse, originally posted at strategic-culture.org —— On April 23rd, the U.S. mega-corporate and government-funded National Public Radio network, NPR, interviewed voters about their views on...

$1trn US budget pushes against Trump’s wall and other initiatives

Published time: 1 May, 2017 23:53Edited time: 2 May, 2017 10:44 With Republicans controlling both houses and...

Health Care Reform: Commercial Multi-Payer vs. Public Single-Payer Health Insurance

Washington health care “reform” has become one more vehicle for the continued 40-year wealth transfer upward. Recent Republican proposals offer $600 B in...

Democrats seek to re-establish congressional war powers against ISIS

Ten Democratic lawmakers are backing a bill that would Introduce a new authorization for using military...

Jeremy Corbyn Is Britain’s Best Hope

British Foreign Secretary Boris Johnson has suggested the UK could join US military action against the Syrian government without parliamentary approval. Johnson said he and PM...

Concerned About Climate Change? Change Where You Bank!

At the end of April, hundreds of thousands of people will take part in the People’s Climate March in DC and around the country....

Wisconsin fugitive who threatened Trump in manifesto arrested after week-long manhunt

Published time: 14 Apr, 2017 14:43Edited time: 15 Apr, 2017 18:37 Police have arrested a Wisconsin man...

‘Trailblazing’ NY judge found dead in Hudson River

The first Muslim female judge in US history was found dead on the banks of the Hudson River in New York under mysterious circumstances....

Britain’s post-Brexit financial prospects have improved – City of London policy chief

The UK will still be a global financial hub post-Brexit, with its financial prospects actually...

Bank of England implicated in interest rate-rigging scandal, new recording shows

The Bank of England (BoE) has been implicated in the Libor rigging scandal, according to...

Democrat leader Pelosi calls for House debate on Trump’s Syria strike

House Minority Leader Nancy Pelosi has called for a House debate on President Donald Trump’s missile...

Quarter of Britain’s poorest families going hungry, survey finds

Around 25 percent of low-income families in the UK regularly undereat because of insufficient funds,...

Britain the go-to place for Russian criminals, says Moscow’s embassy in London

Over 50 criminals wanted in Russia on various charges are currently being sheltered by the...

#NoDAPL: ING bank sells loan shares in controversial pipeline

Published time: 22 Mar, 2017 21:25 Financial giant ING has sold its stake in its financing of...

‘Not a very smart thing to say’: Ron Paul hits McCain & US envoy...

Former US congressman Dr. Ron Paul took no prisoners in an exclusive interview with RT America,...

Republicans introduce bills authorizing new military force against ISIS

A new House bill was introduced that would create a new Authorization for Use of Military...

Regulation Repeals Show ‘The Swamp’ Is Rising

Time and again, Candidate Donald Trump promised to “drain the swamp in Washington.” He swore to curb lobbying of government by special interest groups to procure favors for...

From the Mixed-Up Files of Mr. Donald J. Trump

Assume for a moment, as many have suggested, that the whole Trump/Putin/Russia calamity is a deliberate distraction, a deflection to shift our gaze from...

DC Implodes

The United States federal government in Washington is under attack today. Our nation’s capital is presently under siege, not from military bombs or rockets...

Trump asks Congress to establish whether Obama administration abused investigative powers in 2016

Published time: 5 Mar, 2017 14:08Edited time: 5 Mar, 2017 15:50 The White House has asked the...

Electoral Commission urged to investigate Farage’s ‘creepy’ Brexit campaign

The Electoral Commission has been urged to investigate Leave.EU, the Brexit campaign group backed by...

Nigel Farage wants UKIP’s only MP kicked out of party for ‘sabotaging his knighthood’

Ex-UKIP leader Nigel Farage has called for the party’s only MP to be sacked over...

Tears and Outrage at the Altar of American Greatness

Apart from being a police officer, firefighter, or soldier engaged in one of this nation’s endless wars, writing a column for a major American...

Number of Romanian & Bulgarian immigrants coming to Britain hits record high after Brexit...

Immigration from Romania and Bulgaria to the UK following the June 2016 EU referendum has...

DAPL protesters brace for police showdown as camp evacuation deadline looms

Published time: 22 Feb, 2017 12:44 The deadline for the evacuation of the Dakota Access Pipeline protest...

UKIP chairmen resign over leader’s ‘insensitive’ approach to Hillsborough

Two of UKIP’s local party chairmen have resigned over what they call leader Paul Nuttall’s...

Science Isn't Just for Scientists—We Can All Take Part

After he moved to London in his early 20s, Luke Howard became obsessed with the weather. Howard had a day job running a pharmacy...

California flash flood kills at least 2, swallows cars whole (VIDEO, PHOTO)

At least two people have been killed – one drowned and another electrocuted – in a...

Mexicans build ‘human wall’ in defiance of Trump's hostile rhetoric (VIDEO)

A ‘human wall’ of over 800 students was formed along the border between Ciudad Juarez, Mexico...

Multi-billion dollar investors urge bankers to divest from #DAPL

More than 120 investors with over $650 billion in assets in banks financing the Dakota Access...

Republicans ask DOJ to probe illegal leaks of classified Flynn info

House Oversight Chairman Jason Chaffetz has requested that the Department of Justice launch a formal investigation...

Trump is a ‘fraud’ who’ll ‘sell out middle & working class’ – Bernie Sanders

Former Democrat presidential candidate Bernie Sanders has attacked US President Donald Trump for rowing back on...

‘Absolutely violation of our democracy’: Jill Stein encourages DAPL & travel ban protests (VIDEO)

Green Party leader Dr. Jill Stein has called for more demonstrations, saying democracy is “under attack”...

Washington state bill would ban bitcoin for marijuana sales

A new bill in Washington state seeks to bar the use of Bitcoin in any sales...

Donald Trump’s Demolition Derby

We’re a week into the Trump administration and it’s pretty obvious what he’s up to. First, Donald Trump is running a demolition derby: He...

David Brooks’ Anti-PC Screed: Women’s March Edition

David Brooks on the Women’s March: You should have gone to see Hamilton instead David Brooks gets paid extremely well, by an extremely influential media...

W. Virginia lab manager gets 2yrs in prison for doctoring water samples to benefit...

A former manager of a West Virginia laboratory that conducted water sampling for coal mining operations...

Inauguration Day: Letter to a Trump Voter

We don’t know each other. But today, on the occasion of Donald Trump’s inauguration, there were some things I wanted to say to you...

Corporate Contributors to Trump Inauguration Seek to Curry Favor

Despite the incoming administration of President-Elect Donald Trump’s efforts to keep inauguration donors secret, The New York Times has reported seven of the event’s...

'Show of force’: National Guard deploy surface-to-air missile systems at DAPL protest (VIDEO)

Two surface-to-air missile systems set up near the Dakota Access Pipeline (DAPL) protest at Standing Rock...

After Dakota Access victory, protesters take aim at Louisiana pipeline

Environmentalist groups are mobilizing against the Bayou Bridge pipeline in the swamps of southern Louisiana, seeking...

French pres candidate Le Pen spotted in Trump Tower (PHOTOS)

The leader of France’s National Front, Marine Le Pen has made a surprise appearance at Trump...

Davos Man Is a Neanderthal Protectionist

The NYT had an article on the annual meeting of the world's super-rich at Davos, Switzerland. It refers to Davos Man as "an economic elite who...

Obama’s Failed Presidency

Eric Zuesse, originally posted at strategic-culture.org I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President. It’s true...

Donald Trump’s Plan for Our Water is Just as Bad as You’d Imagine

During his Presidential campaign, Donald Trump vowed to use his first 100 days in office to implement plans to overhaul our nation’s aging roads,...

High and dry: Holiday demand for weed empties Alaska’s shelves

Nearly all cannabis shops in Alaska are temporarily shuttered after the holiday rush depleted their weed...

From Agriculture to Demonetisation: Not ‘Make in India’ but Made in Washington

Colin Todhunter A version of the following piece was originally published in June 2016. However, since then, India’s PM Narendra Modi has embarked on a...

'We will watch you': Bilderberg website hacked

Hackers have taken down the website of the Bilderberg Club, replacing the shadowy organization's page with...

The Obama Regime Seeks Last-Minute War With Russia

In the final days of Barack Obama’s presidency, the warmongers in Washington, DC are hell-bent on causing as much chaos as possible. If they...

Russia sanctions? Trump says US needs to ‘get on with our lives’ instead

Responding to reports that the Obama administration wants to slap Russia with new sanctions for allegedly...

Bundesbank Repatriates Gold From NY and Paris

In January of 2016, the Bundesbank announced that three years after commencing the transfer of some of its offshore-held gold from vaults located at...

‘Wanna burn the US constitution? Shoot at us first’: Veterans prepare to aid DAPL...

US military veterans continue to arrive at Standing Rock, with up to 3,500 expected in total....

Wells Fargo requests meeting with Sioux tribe elders to discuss Dakota pipeline funding

Major US lender Wells Fargo bank asked to meet with tribal leaders from the Standing Rock...

Buy A House For 2.6 Ounces Of Gold

Few people realize the coming bargains in all asset markets within the next five years or so. Stocks, bonds, and property will be fractions...

What Has Neoliberal Capitalism Ever Done for India?

Colin Todhunter When India ushered in neoliberal economic reforms during the early 1990s, the promise was job creation, inclusive growth and prosperity for all. But,...

WaPo blasted online for article accusing Russia of ‘sophisticated’ US election propaganda

The Washington Post was blasted on social media for its latest hit-piece claiming a “sophisticated ...

German Economist & Politician: “Stop Copying America’s Decline! Leave NATO!”

Eric Zuesse, originally posted at strategic-culture.org Sahra Wagenknecht, Vice President of the German parliament’s Leftist Party, said in Parliament on Wednesday November 23rd, that Germany’s...

Dakota pipeline protesters build bridge in battle for Turtle Island (VIDEO)

Activists fighting the construction of a crude oil pipeline through Native American lands have built a makeshift bridge to protect a sacred hill occupied...

US House halts commercial airline deals with Iran approved by Obama administration

House Republicans, joined by a handful of Democrats, blocked a sale of Boeing and Airbus airliners to Iran, which was previously approved by the...

A Nonviolent Strategy to Liberate Syria

Robert J. Burrowes In early 2011, as the Arab Spring was moving across North Africa and the Middle East, small groups of nonviolent activists in...

Dakota Access pipeline CEO insists it will be completed

The CEO of Energy Transfer Partners, the company constructing the Dakota Access pipeline, said it will...

‘Day of Action’: More than 200 protests planned against Dakota Access Pipeline

Demonstrators across the US are planning to hold more than 200 rallies against the Dakota Access Pipeline on Tuesday. The ‘Day of Action’ is...

Brexit II

This Presidential election will go into the history books. Trump has inflicted a huge loss on the American Establishment. At one point, Dow Jones futures...

WikiLeaks supporters call on Trump to ‘pardon’ Assange

Supporters of Julian Assange are appealing to Donald Trump through both social media and a petition...

Could Bernie have won? Democrats ponder Clinton rout

Hillary Clinton’s devastating loss to Donald Trump has left many Democrats stumped, as the party struggles...

Time To Rebrand Libertarianism

Silver Lining: The Media has Lost Control of the Narrative I want to talk about some of the silver linings in this awful election, and...

Turn to RT America's coverage for a different perspective on the US election

While the major TV networks will fall back on their tired old red vs. blue maps...

Nigel Farage plans to head 100,000-strong march on Supreme Court to protest Brexit ruling

Acting UKIP leader Nigel Farage is planning to lead a 100,000-strong march to the Supreme Court on the day Prime Minister Theresa May’s government...

Julian Assange: Trump Won’t Be Allowed To Win

One day after Julian Assange officially revealed for the first time that the source of hacked Podesta and DNC emails in Wikileaks’ possession is...

Clinton foundation admits receiving $1mn donation from Qatar that it previously hid

On the heels of damning WikiLeaks revelations, the Clinton Foundation has confirmed allegations that it received...

Here’s how against the Republican Establishment Trump is:

Eric Zuesse The following is a reprint (excluding the footnotes) of the wikipedia article: https://en.wikipedia.org/wiki/List_of_Republicans_opposing_Donald_Trump_presidential_campaign,_2016 List of Republicans opposing Donald Trump presidential campaign, 2016 Public officials Former Presidents Former President...

Status symbol: Dakota pipeline protest Facebook check-ins fail to ‘confuse’ police

Solidarity for the protesters against the Dakota Access pipeline seems to be growing. Law enforcement, however,...

34 Reasons This Bernie Voter Will Vote Trump

Eric Zuesse Here are the 34: “Hillary Clinton’s Six Foreign-Policy Catastrophes” “Hillary Clinton the hawk, and the Honduran coup” “I’m a Bernie Sanders Voter: Here’s Why I’ll Vote Trump" “Hillary...

Aristocracy’s Immunity From Prosecution Disturbs TARP’s I.G.

Eric Zuesse For the very first time, on October 25th, a high federal official, the “SIGTARP” or Special Inspector General for the TARP program that...

How the 2004 Presidential Election Was Stolen by George W. Bush

Eric Zuesse (RINF) - In 2006, Robert F. Kennedy Jr. headlined at Rolling Stone “Was the 2004 Election Stolen?” and he presented an argument that...

Three Massive Mergers — Millions for One Bank and a Disaster for Food, Water...

Construction of the Dakota Access oil pipeline continues near St. Anthony, an unincorporated community in Morton County, North Dakota, October 8, 2016....

Goldman Sachs CEO says ‘of course we engage’ with Hillary Clinton, admits support

CEO of Goldman Sachs, Lloyd Blankfein, has publicly admitted to being “supportive” of presidential candidate Hillary Clinton, saying: “Yes, so flat out, yes, I...

The Power Elite’s War

“A populace deprived of the ability to separate lies from truth, is no longer capable of sustaining a free society.” Journalist Chris Hedges As the ruling...

An Email From Lynn Forester de Rothschild to Hillary Clinton, Against Elizabeth Warren

Eric Zuesse https://wikileaks.org/podesta-emails/emailid/25143 https://wikileaks.org/podesta-emails/emailid/8597 ---------- Forwarded message —————  From: Lynn Forester de Rothschild  <[email protected]<mailto:[email protected]>>  Date: Wed, Jan 7, 2015 at 7:15 PM  Subject: FW: Elizabeth Warren To: "Cheryl Mills ([email protected]<mailto:[email protected]>)"  <[email protected]<mailto:[email protected]>>    I think this...

Best of the worst: Here are the most shocking WikiLeaks Podesta emails so far

As WikiLeaks continues to release emails from Hillary Clinton campaign chair John Podesta, RT brings you a round-up of the most scandalous details released...

Lament for an Indispensable America

America’s "exceptionalism" is alive and well. It’s resurfaced wearing a wig in current presidential politics. Clinton speaks about America the "indispensable" nation....

It’s Rigged: Takes One to Know One

(Photo: Wikileaks Mobile Information Collection Unit / Flickr) The system is rigged. Let’s be clear: the American political system favors the two major parties and our...

Drone footage shows total devastation of Hurricane Matthew in N. Carolina (PHOTOS, VIDEOS)

Historic flooding is creating life-threatening conditions in North Carolina, days after Hurricane Matthew inundated the state...

Assets, properties targeted as UK tries to stem flood of dirty money from abroad

Hundreds of properties in Britain suspected of belonging to overseas criminals could be seized under...

Ohio State announces plans to stop doing business with Wells Fargo

Ohio Governor John Kasich became the first state-level Republican to take action against Wells Fargo after...

‘We have a problem’: Podesta emails reveal Clinton staffer fears over Wall St speeches

WikiLeaks’ latest release of emails from Hillary Clinton’s campaign chairman John Podesta has given some insight...

Syria no-fly zone would mean ‘killing a lot of Syrians’ – leaked Clinton speech

Amid the increasingly hawkish approach the US government has taken towards the Syrian government, it has...

‘I’m kind of far removed’: Clinton admits estrangement from middle class in Wall Street...

The struggles of the middle class are something Hillary Clinton once admitted in a paid speech...

UK Chancellor on Wall Street to reassure nervous bankers about London’s financial future

British Chancellor Philip Hammond is in the US, cozying up to Wall Street power-brokers in...

I’m a Bernie Sanders Voter: Here’s Why I’ll Vote Trump

By Eric Zuesse Sometimes, things in politics are the opposite of the way they seem. The Presidential contest between the ‘liberal’ Hillary Clinton’ and the...

America’s Exceptional Past

America used to be truly exceptional. In some respects it still is. But whereas today’s America may be exceptional in terms of...

3rd party candidate Jill Stein responds to Clinton-Trump duel in real time (WATCH LIVE)

Barred from participating in the Clinton-Trump showdown at New York’s Hofstra University, Green Party presidential candidate...

Election or Revolution? An Open Letter to the People of the United States

Robert J. Burrowes As citizens of the USA with a presidential election approaching you have a wonderful opportunity to ponder whether to participate in this...

The Looming Smash-Up of the World’s Economy

Ambrose Evans-Pritchard has written an article on a United Nations report on debt and default. He is a Keynesian. He worries about deflation. Deflation is...

France’s Waste-Not Experiment

France has embarked on two experiments we should take note of. First, the nation just banned all non-biodegradable disposable plastic cups, plates, and utensils....

Protection from Looting Government

The autumn of 2016 has for some time looked like a period when dark clouds will move in over the world economy. Therefore, it...

Central Bank Digital Currencies: A Revolution in Banking?

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the...

I Am a Syrian Living in Syria

Two years ago, “Majd” wrote these words in a Facebook posting: “ I am Syrian… living in Syria in the middle of everything. We have seen...

Former British PM David Cameron resigns as MP with immediate effect

Former Prime Minister David Cameron has resigned from Parliament with immediate effect. The MP for...

Preying on Our Paychecks

Labor Day weekend should be a time for Americans to celebrate the economic achievements of workers with barbecues and beach trips. But with U.S....

Presidential Politics and CEO Pay

Politicians love to beat up on overpaid CEOs. In the wake of the 2008 financial crash, Republican presidential candidate John McCain lashed out at executives...

US made entire $1.7 bn payment to Iran in foreign cash – Treasury

Not only the $400 million debt, but also the $1.3 billion interest on it was paid...

US has ‘false economy’ & artificial stock market – Trump

Republican presidential nominee Donald Trump has described the US economy as “false,” saying that the central banking system is intentionally keeping interest rates low...

We Need Secession and Nullification

In his new book Nullification: Reclaiming Consent of the Governed, Clyde Wilson pinpoints the folly and futility of “presidential politics” – of hoping against...

The Yankee Empire

Every society has a segment of its population that obsesses over totalitarian control of others.  They are called “politicians” or “political activists.”  (There are...

US paid $1.3bn in interest on debt to Iran left over from Shah’s time,...

Two days after delivering $400 million in cash to Tehran to pay off a decades-old debt,...

Stumping for Trump: Farage draws ‘parallels’ between Brexit & GOP candidate at Mississippi rally

When Donald Trump speaks at a campaign rally, it’s rarely because he is opening for another...

Stacking cheddar: Agriculture Dept buys 11 million pounds of cheese

Talk about government cheese! The feds have announced a plan to buy 11 million pounds of...

The Bloody Evil of George Soros

Excerpt from Contagion:The Betrayal of Liberty; Russia and the United States in the Post-Cold War Era adapted for lewrockwell.com ……..Spooked out of Russia after the...

Don’t let propaganda for the ‘looming cashless society’ deceive you

Since its invention in Babylon around 4,000 years ago, money has changed from gold coins, to coins of lesser value; to paper notes/cheques, plastic cards,...

Ain’t no party like a Green Party: Jill Stein answers questions in townhall

The Green Party’s presidential nominee, Jill Stein, went on CNN to directly address voters and their...

America’s Aristocracy Facing Resistance from American Public Regarding Russia

Eric Zuesse, updated from strategic-culture.org The subterranean reality of U.S. foreign policy is that it serves the U.S. aristocracy, the owners of controlling blocs of...

NYT Reveals Think Tank It’s Cited for Years to Be Corrupt Arms Booster

The New York Times (8/7/16) reveals the corporate influence behind some of its most-used sources. A recent New York Times article (8/7/16) detailed, in often...

Drastic flooding kills 2, leaves 2 injured, Southern states brace for more heavy rain...

Ferocious flooding has killed at least two people and left another two injured in Louisiana and...

Hundreds of Brits dying from malnutrition or hunger, official figures reveal

Food bank charities have condemned the “scandal” of poverty in the UK after disturbing new...

Chip-and-PIN credit cards hacked easily, Black Hat conference proves

The new credit card with a chip in it in your wallet ‒ touted as being...

US ‘secretly shipped’ $400mn to Iran for release of 4 hostages – report

A cargo plane with $400 million in foreign currencies was secretly sent to Iran on the same day four Americans were released from Tehran,...

The Deep State

I’d like to address some aspects of the Greater Depression in this essay. I’m here to tell you that the inevitable became a reality in...

A World War Has Begun

This is an edited version of an address by John Pilger at the University of Sydney, entitled A World War Has Begun. I have been...

Libertarian What-Me-Worryism

As elderly people get older they tend toward feeble-mindedness. Not in every case, of course, but as a general rule applicable to any given...

Kaine v Pence: Inspecting the 2016 vice president picks, their records

Now that presidential candidates Hillary Clinton and Donald Trump have announced their running mates, RT takes...

‘RIGGED’: Trump slams DNC for ‘vicious plan to destroy’ Bernie exposed in WikiLeaks emails

Donald Trump has piled in on the DNC, following damaging revelations of underhand tactics by the supposedly impartial committee against their own candidate Bernie...

IMF Disavows Neoliberalism

The IMF finally acknowledged that neoliberalism’s boom-and-bust cycles stifle growth in developing countries. Pictured: IMF chief Christine Lagarde. (Photo: the Telegraph) According to the International...

‘A marathon, not a sprint’: Defiant Sanders urges supporters to continue political revolution

Bernie Sanders supporters may still be bruised by his nomination defeat but in a defiant letter...

Sanders endorses Clinton, reversing everything he’s said about ‘Wall Street candidate’ (QUOTES)

On Tuesday, Senator Bernie Sanders gave up his presidential campaign and endorsed former Secretary of State...

The Myth of the ‘War on Terrorism’

Remember “We’re fighting them over there so we don’t have to fight them over here”? That was the justification for...

'Watching the Hawks' explores intersection of music and politics

"Fight the power" sang hip-hop giants Public Enemy. "This machine kills fascists" was the famous message...

Zero Growth Can be Dynamic

Copyright Martin Addison and licensed for reuse under this Creative Commons Licence Growth is considered the foremost driver of prosperity. The growth rate of Gross...

The Revolt Against Globalism

There was William Galston at the European Council on Foreign Relations, listening to his fellow elitists and foreign policy honchos...

The new party line: Democratic platform unveiled

A newly revised version of the Democratic Party's platform was released Friday, ahead of the July 4 three-day holiday weekend. It includes a plank...

Guccifer 2.0 reveals Clinton expenses, clues on identity & slams presidential hopefuls

Releasing a new batch of documents from the Democratic National Committee, hacker Guccifer 2.0 mocked...

Global terror database World-Check leaked

The terrorist database used by global banks and intelligence agencies World-Check has reportedly leaked online. The mid-2014 version of the database contains some 2.2 million...

‘Most progressive in history’? Bernie Sanders seeks to push DNC platform further left

Vermont Senator Bernie Sanders is prepared for one last fight at the Democratic National Convention. He hopes to use his tireless support base along...

Dow plunges 600+ points following historic Brexit vote

Investor panic over the United Kingdom’s withdrawal from the European Union has been felt across the Atlantic as well. The Dow, the S&P 500...

Modi, Monsanto, Bayer and Cargill: Doing Business or Corporate Imperialism?  

Colin Todhunter Describing itself as a major ‘global communications, stakeholder engagement and business strategy’ company, APCO Worldwide is a lobby/PR agency with firm links to the Wall...

3 NYPD commanders, including deputy chief, arrested on corruption charges

Three ranking officials with the New York Police Department have been arrested and charged with violating...

This Mineral Is Essential

By Dr. Mercola One in 3 reading this likely has a serious overload of a mineral that may be more dangerous to your health than...

Congress, Obama call for a Financial Control Board for Puerto Rico

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. Rafael Azul On June 11, US President Barack Obama devoted his weekly...

Noah’s Plan B: ‘Aqua Dam’ saved Texas home from flooding

Those looking for protection during a flood of Biblical proportions can now use an earthly solution...

‘Struggle continues’: Sanders speaks to emotional CA rally after primary vote (VIDEO)

Hillary Clinton claiming the Democratic presidential nomination hasn’t put off Bernie Sanders. He addressed an emotional...

The Gathering Storm

“The next Fourth Turning is due to begin shortly after the new millennium, midway through the Oh-Oh decade. Around the year 2005, a sudden...

‘Grimy business’: John Oliver makes TV history, forgives $15m in medical debt he purchased

In a scathing attack on the lack of regulations in the debt-collection industry, HBO comedy host John Oliver announced that a debt collection agency...

Media Trumpwash Clinton’s Reckless Foreign Record

Hillary Clinton’s support for regime change in countries like Iraq, Libya, Syria and Honduras is seldom recalled when comparing her foreign policy to Donald...

Obama’s Nuclear Paradox

President Obama participates in a wreath-laying ceremony commemorating the victims of the U.S. atomic bombing of Hiroshima. (Screengrab from WhiteHouse.gov) Of all the accomplishments and...

Russian spy-banker sentenced to 2.5 years in US prison

A Russian banker in New York who pleaded guilty of conspiracy to work for Russian intelligence...

With Clinton’s Nixonian Email Scandal Deepening, Sanders Must Demand Answers

Trevor Collens | Shutterstock.com   When it comes to Hillary Clinton’s State Department email scandal, reporters — and even her right-wing critics in the Republican Party — are...

From Albrecht to Monsanto: A System Not Run for the Public Good Can Never...

The following extract is from the 2011 lecture ‘Healthy Soils, Healthy People’ by Professor John Ikerd. The lecture discussed the legacy of renowned agronomist...

NYC homeless file complaint against police for violating civil rights

The New York Police Department is under fire once again for its treatment of the city’s...

Feel the Hate

a katz | Shutterstock.com   Many Bernie Sanders activists and supporters are understandably disgusted by the contemptuous mistreatment they and their candidate have received from the corporate-Clintonite Democratic...

Clinton ignores question of how much money Goldman Sachs CEO gave her son-in-law’s hedge...

Hillary Clinton refused to disclose how much money Goldman Sachs’ chief executive invested in her son-in-law’s...

Free Dennis Hastert

Free Dennis Hastert. Former House Speaker Dennis Hastert may be a creep, a pervert, a pedophile, a sexual predator, a child abuser, a child molester,...

European Union: a House Divided

“Larger now than the Roman Empire of two thousand years ago, more opaque than the Byzantine, the European Union continues to baffle observers and...

Fukushima Flunks Decontamination

Japan’s Abe administration is pushing very hard to decontaminate land, roads, and buildings throughout Fukushima Prefecture, 105 cities, towns, and villages. Thousands of workers...

Propaganda Countdown to WWIII

While the two leaders from Armenia and Azerbaijan met this week and agreed to comply with the treaty set forth that ended their bloody six-year war...

As Brexit Approaches, Europe’s Left Is Divided — and for Good Reason

European Parliament (Photo: Wikipedia) The European Union is one of the premier trade organizations on the planet, with a collective GDP that surpasses the world’s...

The Mainstream Media and Its Discontents

Those of you who have been through college know that the educational system is very highly geared to rewarding conformity and obedience … it...

US reveals Saudi Arabia’s US debt holdings for the first time (and it’s big)

Saudi Arabia tops all other oil exporting countries in holding US debt, with $116 billion, US Treasury documents reveal. The first such disclosure in...

‘None of your business’: Trump refuses to reveal tax rate, stalls on returns

Republican presidential candidate Donald Trump says his tax rate is nobody else’s business and that he...

New Rules on Corporate Secrecy Have Glaring Loopholes

(Photo: 401(K) 2012; Edited: LW / TO) The Treasury Department released a new rule and several proposals last week that they said are...

Hyperloop’s 1st-ever track test to 'gleam the tube' in Las Vegas today

Humans are about to enter a new era of epic high-speed travel, according to those behind...

Canadian capitalism and the Fort McMurray wildfire

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. Roger Jordan Millions of people across Canada and around the world have...

Tides may be turning for shell companies: Obama releases plan to close offshore finances...

President Barack Obama announced on Thursday that a crackdown on the international offshore banking loopholes highlighted...

Low-cost highs: Price of legal marijuana plunges in Washington state

Recreational marijuana use has been legal in Washington State for two years, and while sales of...

FBI could soon legally hack any computer in the US – and possibly beyond

The Supreme Court approved new rules on Thursday that would potentially give the FBI the authority...

‘Brazil Is One of the Most Unequal Countries in the World’

Janine Jackson interviewed Maria Luisa Mendonça for the April 22, 2016, episode of CounterSpin. This is a lightly edited transcript. Maria Luisa Mendonça: “This is...

Vox’s Puff Piece on Goldman Sachs Doesn’t Reveal Goldman Sponsors Vox

Vox’s Matthew Yglesias (4/25/16) gave a generous write-up to Goldman Sachs’ new commercial banking subsidiary, GS Bank, without noting that Goldman Sachs is a...

Trump: Bernie, g'head, run as an independent

Republican presidential candidate Donald Trump took time out of a busy primary day to opine that...

47 Percent Of Americans Cannot Even Come Up With $400 To Cover An Emergency...

Michael Snyder (RINF) - If you had to make a sudden visit to the emergency room, would you have enough money to pay for it...

Houston flooding kills 8, causes billions worth of damage (PHOTOS, VIDEOS)

Drone footage of Houston, Texas in the wake of severe flooding shows the devastation visited upon...

‘A Global Industry Is Raiding Treasuries All Over the Planet’

Janine Jackson interviewed James Henry about the Panama Papers for the April 15, 2016, episode of CounterSpin. This is a lightly edited transcript. James Henry:...

4 year olds asked to choose gender they ‘most identify with’ on school form

Children as young as four are being asked to choose the gender “they most identify...

The gift that keeps on giving: College reduces debt as graduation present

Graduating college students may expect to receive gifts such as a briefcase, a vacation, or a...

Democratic debate: Bernie Sanders and Hillary Clinton face off in New York

Tonight's raucous Democratic presidential debate was glittered with cheers and boos, and dealt with a wide...

Hillary Clinton Agrees with the Citizens United Decision

Eric Zuesse On April 14th, Glenn Greenwald, a brilliant U.S. Constitutional lawyer, documented that Hillary Clinton actually agrees with the Citizens United decision by the five...

Shock: Why is Hillary terrified to reveal Goldman Sachs paid speeches?

Early on in what instantly became a heated CNN Democratic Debate on Thursday, co-moderator Dana Bash repeatedly spared with Hillary Clinton over her refusal...

Breadline Britain: Rising malnutrition & death linked to low wages, welfare cuts

Foodbank use has risen to record highs in the UK, with over a million three-day...

Panama Papers destabilise Cameron government in UK

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. The angry response in the UK to the “Panama Papers” revelations...

US Maintains Banking Sanctions Against Iran

Paul-Martin Foss Despite the lifting of international sanctions against Iran earlier this year, the United States government intends to continue denying Iranian companies access to...

UK prime minister defends super-rich in statement on Panama Papers revelations

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. Julie Hyland Britain’s prime minister, David Cameron, used his statement to parliament...

Red-faced romantic plucked from cliff-face after major marriage proposal fail (VIDEO)

A Californian man will have to shell out for a wedding and a daring helicopter rescue,...

Decrypt or else: Draft encryption bill says tech companies must comply with court orders

A leaked draft of a Senate bill addressing the fight between Apple and the FBI over...

Former House Speaker Hastert facing jail over sex abuse cover-up

Former Republican and Speaker of the House of Representatives Dennis Hastert could be jailed for six months for trying to cover up a $3.5...

‘I’m f—-d’: NYPD officer reportedly panics in reaction to FBI ‘cash-for-favors’ probe

The FBI is investigating an alleged cash-for-favors scheme that involved over a dozen NYPD officers and...

Ohio Proves It: Rehabilitation Works

You might not guess it from the Republican governor or GOP-dominated legislature, but Ohio is proving itself the most progressive state in the union...

Imperialism, political corruption and the real face of capitalism

The “Panama Papers” claimed its first casualty Tuesday, when Icelandic Prime Minister Sigmundur David Gunnlaugsson was forced to resign following protests by thousands of...

“Panama papers” tax evasion leak stokes political crises worldwide

Andre Damon On Sunday evening, a group of over 100 global newspapers, in collaboration with the International Consortium of Investigative Journalists (ICIJ), began releasing reports...

Panama Papers: Revelations show sheer scale of UK links to off-shore tax havens

The UK government’s pledge to crack down on off-shore tax schemes and money laundering has...

Slap in the face: Obama administration to cut off Flint emergency aid

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. James Brewer The US Federal Emergency Management Agency (FEMA) assistance being provided...

US man’s bank payment denied because of his dog’s 'terrorist' name

Sometimes terrorists move on all fours. That’s what Chase Bank apparently decided when it wouldn’t clear...

Hacks and codes: DOJ to indict Iranian hackers

In an effort to confront foreign cyber-attacks, the Obama administration is expected to hold Iranian hackers...

A "Victory for People Over Politics" as Feds Cancel Atlantic Drilling Plans

The Obama administration's decision to drop the Atlantic from the federal government's offshore drilling plan is being heralded as a win for...

#Budget2016: Osborne’s Generation Y package ‘unfair to core’

The full scale of financial hardship facing millennials was unveiled on Wednesday as Tory Chancellor...

Obama reverses policy on oil drilling along Atlantic coast

Environmentalists and the US military both welcomed the Obama administration’s cancellation of anticipated oil drilling permits...

Feeding the Bank Balance or Feeding the World: GMOs, Development and the Politics of...

Modern state-corporate capitalism is stripping the environment bare through unsustainable levels of consumption. It is legitimised by a deceitful ideology that attempts to justify and...

Exposing the Libyan Agenda: A Closer Look at Hillary’s Emails

Critics have long questioned why violent intervention was necessary in Libya. Hillary Clinton’s recently published emails confirm that it was less about protecting the...

Florida sheriff threatens to ‘lock the Apple CEO up’ over dispute with FBI

The sheriff of Florida’s Polk County has strongly sided with the FBI in its battle with...

Was a TIME Front-Cover ‘Hero’ a Fraud?

Eric Zuesse A court ruling, on March 10th, in a Southern District of New York (Manhattan) lawsuit, raises serious question as to whether Preet Bharara,...

Detroit Public Schools emergency managers cash in

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. Marissa Ross and Nancy Hanover With Detroit Public Schools (DPS) facing insolvency...

True face of corporate welfare: 27 global companies that paid $0 tax

(RT) - Twenty-seven multinationals paid no income tax in the US last year, despite reporting pre-tax...

If a mainstream reporter told the truth, the pillars of reality would crumble

"Imagine this. The public is told a new disease is sweeping the world, threatening the global population with suffering and death. Millions and millions...

Behind the Facade: America, The Bankrupt Hegemon

Fantasy and fairy tales can go only so far when it comes to the true condition of anything or anyone. Sooner or later the...

Poisoned, Marginalised, Bankrupt and Dead: The Role of Agroecology in Resisting the Corporate Stranglehold...

It is becoming increasingly apparent that food and agriculture across the world is in crisis. Food is becoming denutrified, unhealthy and poisoned with chemicals...

The Elephant in the Race

The audience in the theater takes its seats and slowly settles down. The curtain rises on a conventional living room in a conventional American...

For an active boycott of the Brexit referendum!

Via WSWS. This piece was reprinted by RINF Alternative News with permission or license. For an active boycott of the Brexit referendum! Statement of the Socialist...

Donald Trump Is Right – Here Are 100 Reasons Why We Need To Audit...

Michael Snyder (RINF) - When one of our major politicians gets something exactly right, we should applaud them for it.  In this case, Donald Trump’s...

The Unelectibility Winning Streak

To use a phrase that doesn’t come readily to my lips: “Well I’ll be danged.” New Hampshire, that bastion of sensible conservatism and rectitude, gave us...

Hillary Clinton’s Six Foreign-Policy Catastrophes

Eric Zuesse Many commentators have mentioned (such as here and here and here and here) that Hillary Clinton left behind no major achievement as the U.S. Secretary of State;...

Can the New Left Govern Europe?

Irish water protesters rally carry banners against the country’s austerity regime. (Photo: Brian Fitzpatrick) Over the past year, left and center-left parties have taken control...

‘Artful Smear’ Attack Backfires as Clinton Accused of Denying Impact of Big Money

'Clinton, like our Supreme Court, ignores thousands of years of human experience in how money corrupts politics.' Lauren McCauley Hillary Clinton is under fire for defending...

The Totalitarian Rip-Off

A recent look at some headlines, all less than two months old, gives us a scary view as to what is coming: Bring On the...

22 Signs That The Global Economic Turmoil We Have Seen So Far In 2016...

Michael Snyder (RINF) - As bad as the month of January was for the global economy, the truth is that the rest of 2016 promises...

Wall Street donors account for 40 percent of super PAC funds in US election

Barry Grey The 2016 US election campaign has exposed deep-seated popular alienation from the entire political establishment and growing anger over the domination of US...

45 million Americans rely on food stamps, 1 million about to lose them –...

One in seven Americans still depends on food stamps, according to Bloomberg News. Now with the US economy on the rebound, some states are...

Geneva talks begin as US-backed war in Syria expands

Bill Van Auken Talks opened in Geneva, Switzerland Monday on the four-year-old war that has killed over 260,000 Syrians and turned millions more into refugees....

The Last 16 Times This Happened There Was A Recession…

Michael Snyder Something has just happened that has signaled a recession every single time that it has occurred since World War I.  16 times since...

Bank of Montreal stress testing assets for $25 per barrel oil

  By Roger Jordan Bank of Montreal Chief Executive Officer Bill Downe announced last week that Canada’s fourth largest bank is stress-testing its oil and gas portfolio...

Sanders embarsses Clinton over shameless Wall St connections

Democratic candidate Bernie Sanders gave frontrunner Hillary Clinton a piece of his mind in the most vigorous of their four presidential debates, accusing her...

20th Largest Bank In The World: 2016 Will Be A ‘Cataclysmic Year’ And ‘Investors...

Michael Snyder (RINF) - The Royal Bank of Scotland is telling clients that 2016 is going to be...

Hundreds of teachers’ fight to save public education

Jerry White The World Socialist Web Site salutes the fight by Detroit teachers against the deplorable conditions in their schools and urges workers throughout the...

The Real Terrorists: The .01%

Paul Buchheit They consist of 16,000 individuals, about the size of a crowd at a professional basketball game. The inequality horror they've fomented is reaching...
bank bail-ins implemented in UK

UK Banking Industry — Most Unstable in G7 Implements Depositor Bail-in Scheme

Back in September we published an article “Grand Theft Auto — UK and EU Bank Depositor Bail-In Regime Implemented” in which we described how...

How America’s Corrupt Press Are Destroying the Country

Eric Zuesse Even the best of America’s major mainstream and alternative-news media understate enormously the degree to which America’s government is corrupt; and, as a...

58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To...

Michael Snyder (RINF) - The world didn’t completely fall apart in 2015, but it is undeniable that an...

State officials, Wall Street target Detroit schools for bankruptcy restructuring

By Nancy Hanover The Detroit News revealed this week that Detroit Public Schools (DPS) debt payments will balloon from $6.6 million to $26.8 million a month...

Bernie Sanders and ‘The Big Short’

Democratic presidential candidate Bernie Sanders’ major policy speech at Town Hall in New York City on Tuesday — in which he declared that he...

Bernie Sanders poses as an opponent of Wall Street in New York speech

By Tom Hall Democratic Party presidential candidate Bernie Sanders expanded on his campaign pledge to break up the major Wall Street financial institutions during his first...

America Is Being Destroyed By Problems That Are Unaddressed – Paul Craig Roberts

Paul Craig Roberts (RINF) - One hundred years ago European civilization, as it had been...

The Cashless Society Cometh: European Nations Such As Sweden And Denmark Are ‘Eradicating Cash’

Michael Snyder (RINF) - Did you know that 95 percent of all retail sales in Sweden are cashless? And did you know that the government...

Does Bernie Sanders Offer Education Advocates Enough? Are We Feelin’ the Bern or Just...

If Sanders is going to make a play for teachers, parents, students and education advocates, he still has a chance. But time is running...

‘Foxes guard the henhouse’: End Wall Street regulation of the Fed – Bernie Sanders

Bernie Sanders, a self-described democratic socialist, has called on the US government to audit the Federal Reserve, prevent big bank executives from serving on...

Merkel Under Pressure: EU Countries Resisting Russia Sanctions

http://deutsche-wirtschafts-nachrichten.de/2015/12/14/merkel-unter-druck-eu-staaten-leisten-widerstand-gegen-russland-sanktionen/ Merkel Under Pressure: EU Countries Resisting Russia Sanctions German Economic News, translation by Eric Zuesse  |  Published:14:12:15 13:15 Clock The EU is in the surprising situation of needing to...

An End to the Right’s Reign In Spain?

Spain’s woes began with the American banking crisis of 2007-08, which crashed Spain’s vast real estate bubble and threatened to bring down its financial...

The World’s 20 Largest Economies Just Met, and the Media Reported on Cats

(Photo: dat’ / Flickr) Doesn’t the Internet have enough cat videos? News of the G20 summit in Antalya, Turkey, which concluded a few days after the...

Victory to the junior doctors! Defend the NHS!

Junior doctors in England, outraged by the Tory attacks on their terms and conditions and the dismantling of the National Health Service (NHS) are...

UK Chancellor “negotiates” decimation of public services ahead of spending review

By Simon Whelan British Chancellor George Osborne has negotiated cuts with 11 governmental departments, ahead of next week’s spending review. The result will decimate already hard-pressed...

G20 Media, Did the Cat Get Its Tongue?

News of the G20 Summit focused on Paris, Syria, and yes, cats. Where was the media on other issues? by Lacy MacAuley Doesn’t the internet have enough...

War criminal Tony Blair’s spy chief who wrongly claimed Iraq had WMDs making millions

The former spy chief who provided Tony Blair with ‘evidence’ justifying the invasion of Iraq in 2003 is now raking in vast sums of...

EU Approves Labeling for Israeli Settlement Products

by Stephen Lendman  (RINF) - Since June 1967, Israel established 125 illegal settlements on stolen Palestinian land, home for about 600,000 settlers, many Zionist zealots,...

Former Reagan Administration Official Warns That Financial Disaster Is Dead Ahead

Michael Snyder Why won’t the American people listen to the warnings? David Stockman was a member of the...

Deciphering Ideological Labels

Eric Zuesse On October 29th, France24 bannered “Sarkozy to meet Putin as French right looks to Russia,” and promulgated, as is often done, a widespread...

Israel intensifies genocide of Palestinian citizens

(RINF) - It's unlikely that the world has ever seen building and construction used as a weapon on this scale before, but Palestinian land...

Ukraine’s Cyber Mercenaries Attack Alternative Media

George Eliason (RINF) - The terms cyber war and infowar have been a constant in many articles written about the conflict in Ukraine. The problem...

The Numbers Say That A Major Global Recession Has Already Begun

Michael Snyder (RINF) - The biggest bank in the western world has just come out and declared that the global economy is “already in a...

Cameron’s flagship housing policy only helps the rich, campaigners warn

Prime Minister David Cameron called for a “national crusade” to build affordable housing by cutting planning regulations and launching “st