Political Economy

Obama's weird deal: settlement before a full investigation into the fraud?

2012-02-09T16:10:00.001-08:00

Will Government Bank Mortgage Deal Help or Hinder Prosecutions?

Uploaded by TheRealNews on Feb 9, 2012 - Yves Smith: How can Obama Admin. settle before they have fully investigated the fraud.

Enough to address the US housing bubble anger?

2012-02-09T15:48:00.000-08:00

US to require banks to pay $25bn in fines over faulty home foreclosures

Uploaded by AlJazeeraEnglish on Feb 9, 2012

Will America Collapse Like the Former USSR?

2012-01-25T11:49:00.000-08:00

Uploaded by 19justinbrown88 on 18 Jan 2011 - Will the United States collapse like the former Russian Empire? Will the dollar fall? What will happen to America? What will life in the future look like? What is the evidence?

Davos 2012: From Capitalism to Fascism

2012-01-25T11:43:00.000-08:00

Robert Wenzel | January 24, 2012

This is very serious. The elitist power grab is going right at the heart of capitalism. Of course, they have always been for central control, with them in control, but now they are calling out capitalism, directly, as an inferior product.

On Friday, I attacked Larry Summers for blaming the current crisis on capitalism. I thought he was a lone wolf attempting to see how far the anti-capitalist agenda could be pushed. I was wrong.

It appears Summers simply fired the first shot in a new aggressive move by elitists to discredit capitalism outright. The elitists are gathering in Davos, Switzerland right now for the 2012 World Economic Forum.

Check out this horrifying report from AFP on the Summit (my emphasis):

Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.”

“We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, we have undermined social coherence, and we are in danger of completely losing the confidence of future generations,” said Klaus Schwab, host and founder of the annual World Economic Forum.

“Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole.

“We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual,” the 73-year-old said, adding that“capitalism in its current form, has no place in the world around us.”

FULL REPORT

The Dinar & Dirham Revolution.

2012-01-20T14:59:00.000-08:00

Uploaded by enqilab on 20 Jan 2012 - Extract from : RIFCON Seminar at Singgahsana Hotel - Surviving economic meltdown 2012.

IMF created panic buying of fuel in Egypt? and pushes Nigeria to Civil War?

2012-01-20T07:53:00.000-08:00

Panic buying sparks fuel crisis in Egypt

IMF pushes Nigeria to Civil War

Fiat Currency - inflation & bubbles.

2012-01-19T06:45:00.000-08:00

Uploaded by hjmanan on 19 Jan 2012 - Prof. Dr. Ahamed Kameel Mydin Meera talk on why fiat currency creation "in surplus" causing inflation and bubbles with some ideas on how to overcome this situation.

Euro say NO to CARTELISM?

2012-01-19T04:33:00.001-08:00

Stock markets merger looks doomed despite lobbying

Published on 18 Jan 2012 by Euronews - The merger of Germany's Deutsche Boerse and the US-European stock exchanges NYSE Euronext looks set to be blocked.EU Competition Commissioner Joaquin Almunia opposes it as the merged company would dominate derivatives trading in Europe. He has said they would have to sell substantial parts of their operations to get approval.

NYSE Euronext's boss Duncan Niederauer and Deutsche Boerse's Reto Francioni have been lobbying in Brussels stressing the advantages.

World Bank economy forecast on Europe.

2012-01-19T04:29:00.001-08:00

Published on 18 Jan 2012 by Euronews : The World Bank has sharply cut its global economic growth expectations to just 2.5 percent this year and said Europe is probably already in recession.

In its latest forecasts the Bank warned developing countries that they should prepare for the "real" risk that an escalation in the euro area debt crisis could tip the world into a slump similar to the global downturn in 2008/09.

"The sovereign debt crisis in the euro zone appears to be contained," Justin Lin, the chief economist for the World Bank, said.

Eurocrisis is a Global Crisis?

2012-01-19T04:26:00.001-08:00

Uploaded by TheRealNews on 18 Jan 2012 - Leo Panitch: People need to build their own political organizations that push for public banking and serious capital controls.

America's Capitalism net-worth gap?

2011-12-30T17:50:00.000-08:00

US politicians get richer despite recession

Uploaded by AlJazeeraEnglish on 30 Dec 2011 - While many people in the US continue to find it difficult to make ends meet, Washington politicians have a different experience.

Not only have they escaped the worst of the recession, many are getting richer.

Brazil overtakes UK as sixth-largest economy.

2011-12-26T15:49:00.001-08:00

Uploaded by AlJazeeraEnglish on 26 Dec 2011 - Brazil has overtaken the UK as the world's sixth largest economy, according to a London-based research centre.The shift is part of a larger trend in which emerging economies are out doing some European countries.The south American country was still considered something of an economic underachiever a decade ago, but as its economy grew steadily in the past eight years, things started to change.Government's anti-poverty measures further helped in lifting more than 40 million people into a new middle class.

China's protection move.

2011-12-15T08:48:00.000-08:00

China imposes tariffs on US-built cars

Imported US-built Buick vehicles in China, covered with dust (file photo)

The Chinese Ministry of Commerce says Beijing plans to impose anti-dumping and anti-subsidy tariffs on vehicles imported from the United States.

"US vehicles benefiting from subsidies and dumping on the China market have substantially damaged China's auto industry," the Ministry's statement said on Tuesday.

According to the statement, China will begin imposing taxes on cars and sports-utility vehicles built in the US with an engine capacity of more than 2.5 liters, from Dec 15, 2011 to Dec 14, 2013.

The greatest impact of the new Chinese tariffs will be felt by major American car makers General Motors, facing punitive duties of as high as 12.9 percent, and the Chrysler Corporation, facing a tariff rate of 8.8 percent.

Currently, China imposes tariffs of 25 percent on imported passenger vehicles, Xinhua reported.

China's move drew immediate criticism from the US government.

“We are very disappointed in this action by China,” said Carol Guthrie, a spokeswoman for the Office of the United States Trade Representative. “We will be discussing this latest action with both our stakeholders and Congress to determine the best course going forward.”

PressTV:

Prof Meera IIUM : EU & US financial crisis and the world economy.

2011-12-13T02:30:00.000-08:00

Uploaded by enqilab on 12 Dec 2011 - Prof Ahmad Kameel Mydin Meera opening address, before a lecture by Sheik Amran N. Hosein on 10/12/2011 at 9.00 a.m.
Title: 2012 Will the World Economy takes the Greatest Plunge.
Location: Zahedah Hall, Tan Sri Azman Hashim Complex, International Islamic University, Gombak Selangor, Malaysia.

Full video of the lecture : http://www.youtube.com/watch?hl=en-GB&v=aChgzew_X2s

Key Concept : GDP vs. GNP

2011-12-12T07:58:00.001-08:00

Uploaded by etrimnell on 3 Jul 2008 - The difference between GDP (Gross Domestic Product) and GNP (Gross National Product).

Returning To The Basics: money...

2011-12-11T04:00:00.001-08:00

I believe that the writer has been using money in context of cash as opposed to the economist conception of M1,M2 and M3.

What Is Money?

Image via Wikipedia

You would think this would be an easy question to answer – and it is, actually – but very few people seem to be able to, including most economists. This leads to all sorts of confusion, and the sort of disasters of incompetence that are now happening in Europe and elsewhere.

Ideally, today’s troubles will lead to a new monetary system, preferably a gold standard system. However, that would be difficult if nobody knows what money actually is.

As I argue in my book Gold: the Once and Future Money, money and credit are very different. Yes, I know there are many, many people who claim that “money is credit” and “credit is money.”

These people are confused. That is why, when you read what they write, you become confused also. Don’t you feel confused after you read this stuff?

The primary characteristic of money is that it is the item mutually acceptable as a means of payment.

forbes 1Dec 2011 : read full article

... the extend Labour roams free?

2011-12-05T01:23:00.001-08:00

SLIGHTLY more than 50% of QE3:

Developing Countries to Receive Over $350 Billion in Remittances in 2011, Says World Bank Report

WORLD BANK : Press Release No:2012/175/DEC

Geneva, December 1, 2011 (Washington DC, November 30, 2011 8pm) – Remittance flows to developing countries are expected to total $351 billion this year, and worldwide remittances, including those to high-income countries, will reach $406 billion for the current calendar year, according to a newly updated World Bank brief on global migration and remittances.

The top recipients of officially recorded remittances, estimated for 2011, are India ($58 billion), China ($57 billion), Mexico ($24 billion), and the Philippines ($23 billion). Other large recipients include Pakistan, Bangladesh, Nigeria, Vietnam, Egypt and Lebanon. While the economic slowdown is dampening employment prospects for migrant workers in some high-income countries, global remittances, nevertheless, are expected to stay on a growth path and, by 2014, are forecast to reach $515 billion. Of that, $441 billion will flow to developing countries, according to the latest issue of the Bank’s Migration and Development Brief, released today at the fifth meeting of the Global Forum on Migration and Development in Geneva

read the full release : here

Why a Dollar & Euro Collapse Is Guaranteed.

2011-12-04T23:54:00.001-08:00

Uploaded by StormCloudsGathering on 7 Nov 2011 - The collapse of the Dollar and the Euro is a mathematical certainty. In this video I'm going to prove it using very simple terms.

American Economy Crisis in brief.

2011-11-21T19:22:00.001-08:00

Uploaded by hjmanan on 21 Nov 2011 - Delivered by Dr Ron Paul

Perspective from China:

2011-11-20T10:03:00.001-08:00

Rising silver & gold demand in China :

Uploaded by PressTVGlobalNews on 19 Nov 2011 - On the Edge with Max Keeiser-11-18-2011.

Euro Crisis, Neo-Liberalism and Undoing the Welfare State

2011-11-20T01:24:00.001-08:00

Uploaded by TheRealNews on 19 Nov 2011 - Gerry Epstein: German elite profited from the Euro Zone, now wants to use crisis to undo welfare state and privatize

What happened to Capitalism?

2011-11-14T12:32:00.001-08:00

'Capital roams free, peoples enslaved'

Uploaded by presstvmobile on 13 Nov 2011:-

Euro-Chaos and Global Capitalism

2011-11-04T07:47:00.000-07:00

Let listen to this, how the Economic Chaos will give rise to Global Capitalism (reformed thou) & the manager of Global Capitalism:-

Uploaded by TheRealNews on Nov 4, 2011 - Leo Panitch: We are witnessing the irrationality of capitalism and the incredible struggle of people in the street.

What is the IMF?

2011-10-31T13:14:00.000-07:00

Uploaded by AlJazeeraEnglish on Aug 18, 2011 - Report from Empire - the IMF on trial.
Producer Owen Fay

America : case 1% of 1%

2011-10-30T08:53:00.000-07:00

Meet the 0.01 Percent: War Profiteers.

War industry CEOs make tens of millions of dollars a year, putting them in the top 0.01 percent of income earners in the U.S.

•Northrop Grumman CEO Wes Bush made $22.84 million last year.

• Lockheed Martin CEO Robert Stevens made $21.89 million.

• Boeing CEO James McNerney: $19.4 million.

These guys use their corporations' massive lobbying dollars to keep their job-killing gravy train rolling. Last year, their companies spent a whopping $46 million on lobbying, corrupting our politics and ensuring that their bank accounts continue to fatten at our expense. These executives are some of the main reasons why we're wasting so much on war instead of rebuilding our own nation here at home. Help us fight their propaganda campaign to protect their profits. Use our list to share this video with your local Occupy group and encourage them to show it at their events: http://warcosts.com/1percent

CORRECTION: Lockheed Martin's CEO is Robert Stevens. The video refers to him as "Martin Stevens" which is incorrect.

It's not about Sovereign Debts!

2011-10-29T00:46:00.001-07:00

the European Economic Crisis according to Samah el Shahat, Al Jazeera's resident economic analyst. It's not about Sovereign Debts!

Courtesy AJE, originally from : http://www.youtube.com/watch?v=nyCo3swQM_M

American Capitalist System ain't working!

2011-10-28T23:49:00.000-07:00

Uploaded by enqilab on 29 Sep 2011 - Noam Chomsky talks on, his support on "occupy the wall street" protest to highlight the vicious social issues. An initiative to push for the relevant parties to fix the system.

Shouldn't there be an initiative to push for the relevant parties to fix the system.

Position limits on Futures!

2011-10-28T10:38:00.000-07:00

A discussion on the maximum amount of Futures one trader can own.

"Occupy Movement" Could Focus on Speculation and Food Prices
Uploaded by TheRealNews on Oct 27, 2011 - Bob Pollin: New regulations very weak, needs a major public push.

World population

2011-10-27T06:32:00.000-07:00

hits 7 billion

Uploaded by cctvnewschannel on Oct 27, 2011 - The world's 7 billionth person will be born into a population more aware than ever of the challenges of sustaining life on a crowded planet but no closer to a consensus about what to do about it.To some demographers the milestone foreshadows turbulent times ahead: nations grappling with rapid urbanisation, environmental degradation and skyrocketing demand for healthcare, education, resources and jobs.

To others, a shrinking population, not overpopulation, could be the longer-term challenge as fertility rates drop and a shrinking workforce is pushed to support social safety for an ageing populace.

The One Percent: Breaking Down US Wealth Distribution.

2011-10-25T10:08:00.000-07:00

Uploaded by ForaTv on 20 Oct 2011 - Catherine Mulbrandon, illustrates the distribution of income in the U.S, comparing the earnings of the top one percent to those of the bottom 99.

Venezuela has best income distribution in Latin America.

2011-10-25T10:05:00.000-07:00

China overtakes US to becomes top trade partner of EU

2011-10-25T09:13:00.000-07:00

Uploaded by cctvnewschannel on 21 Oct 2011 - BEIJING, Oct. 16 (Xinhua) -- Trade between China and the European Union (EU) totaled 35.6 billion euros (49.4 billion U.S. dollars) in July, allowing China to overtake the United States as the EU's largest trade partner, the Ministry of Commerce said, citing the latest statistics from Eurostat.The overall value of China-EU trade in July exceeded that of the EU and the United States by 800 million euros, accounting for 13.4 percent of the region's total imports and exports, according to data released by the EU's statistics office.

Senate Bill Threatens Currency War with China.

2011-10-18T18:57:00.000-07:00

Uploaded by TheRealNews on Oct 18, 2011 - Michael Hudson: Senate proposal based on junk economics and is illegal under international law.

Banking USA - the Greatest Scam on Earth

2011-10-16T20:22:00.000-07:00

Uploaded by BoKnowsEntertainment on 11 Sep 2011 - The Money Scam is hidden right out in the open, yet buried in complication and confusion. A retired banker describes simply, the world's Money Scam and the reason every country is now going bankrupt. Private bankers have stolen the money creation process, and whereas once our money was created by the governments, debt-free.

BNM : from wiki

The total collapse of the U.S. economy is inevitable!

2011-10-16T20:09:00.000-07:00

Uploaded by StormCloudsGathering on 10 Jan 2011 - Here's why:The United States is going to collapse, not just financially, but also politically and societally. This is a mathematical certainty. In this video I outline the basic facts that make the utter collapse of the dollar inevitable.

US banks blamed for EU debt crisis.

2011-10-08T17:10:00.000-07:00

Uploaded by AlJazeeraEnglish on 8 Oct 2011 - US politicians, including President Barack Obama, have been calling on Europe to fix its debt crisis, amid fears it will have a negative impact on the fragile US economy.

But there is evidence that the Greek debt crisis began on Wall Street, at the hands of one controversial US bank.According to former financial regulators, Goldman Sachs made a dozen derivative deals with the Greeks a decade ago, writing its debt off its balance sheet for a number of years.They also say that Goldman and Greece were not the only ones working such transactions.

Al Jazeera's Patty Culhane investigates the morality versus legality of who is to blame for the financial crisis that is scaring the world.

'Wall Street protests shows inequality'

2011-10-02T15:06:00.000-07:00

Uploaded by PressTVGlobalNews on 2 Oct 2011 - Protests against poverty, unemployment and social inequality are spreading across several Metropolitan cities in the US, including New York, Chicago and Los Angeles.

State sponsored USURY & Looting Proletariat :

2011-09-30T03:56:00.000-07:00

Now what - from Hero to Villain?'Arab Spring now scapegoat for debts US can't pay off"

Uploaded by RussiaToday on 30 Sep 2011 - In the US, the finances aren't faring much better than on the Continent. But now President Obama has found someone to saddle with the blame. He claims the Arab world uprisings are shaking western economic foundations because of hiked oil prices. Let's see what current affairs editor Michael Jones makes of this, from Culture Magazine.

Rich Getting Richer in Ontario

2011-09-28T10:03:00.000-07:00

Uploaded by TheRealNews on 27 Sep 2011 - Hugh Mackenzie: From 1992 to 2007, 90% of the income gain in Canada went to the top 1% while their effective tax rate went down.

Don't let politicians conned or lied.

2011-09-28T05:11:00.001-07:00

Uploaded by enqilab on 28 Sep 2011 - the European Economic Crisis according to Samah el Shahat, Al Jazeera's resident economic analyst. It is not the country's sovereign debt.

Federal Reserve launches Operation Twist.

2011-09-24T18:07:00.000-07:00

NEW YORK -- The Federal Reserve announced "Operation Twist" Wednesday, a widely expected stimulus move reviving a policy from the 1960s.

The policy involves selling $400 billion in short-term Treasuries in exchange for the same amount of longer-term bonds, starting in October and ending in June 2012.

While the move does not mean the Fed will pump additional money into the economy, it is designed to lower yields on long-term bonds, while keeping short-term rates little changed.

The intent is to thereby push down interest rates on everything from mortgages to business loans, giving consumers and companies an additional incentive to borrow and spend money.

22 Sept 2011 | (CNNMoney) - read full report

America ways going into Eurozone.

2011-09-22T13:36:00.000-07:00

Sep 22, 2011 - Excerpt From Keiser Report : Europe's Neo Feudalism (E162). Max talks to economist Michael Hudson on EuroZone.

Currency Killers: Dollar, Euro going down.

2011-09-21T05:38:00.001-07:00

Uploaded by RussiaToday on Sep 21, 2011 - An international team of debt inspectors has decided it will return to Greece next week to check on the country's progress in reaching its budget goals. Athens hopes this will help win the release of the latest emergency loans. Greek authorities want to convince the debt inspectors they could meet strict budget targets as the country desperately needs the next 8 billion euro bail-out package. Without the money, the country could default within weeks. However no decision will be made until October. The IMF warned Europe and the United States risk falling back into recession, unless lawmakers act quickly. Also underscoring the region's difficulties was a credit rating downgrade of Italy by Standard & Poor's. Financial analyst Michael Mross believes the constant downgrades are only putting pressure on the world economy.

The American Dream

2011-09-13T15:04:00.001-07:00

Tarpley: 'US tries to destroy Euro'.

2011-08-20T20:41:00.000-07:00

Uploaded by RTAmerica on Aug 24, 2010 - China's ownership of the United States government debt has dropped to the lowest level in at least a year, Treasury data showed, in a sign Beijing is increasingly keen to diversify out of US bonds. Webster Tarpley says that China is diversifying and has moved onto the Euro and Yen. He adds that the US was trying to shift the depression onto Europe, trying to destroy the Euro with a speculative attack on Greece, Spain, Portugal, etc.

Is Capitalism Doomed?

2011-08-19T16:01:00.000-07:00

When "Ah Long (money lenders)" small & big, legal & illegal, together no longer give out loans.Marx "labour theory of value" gets to work!

TheRealNews on Aug 18, 2011 - Gerry Epstein comments on Nouriel Roubini's blog that "Marx was right"

Leftist IMF & Socialist France: killing 2 birds with 1 stone?

2011-05-22T11:58:00.000-07:00

22 May 2011 - Some wanted to stop the Left leadership of IMF & the Socialist from France? We have, In Middle East & North Africa a political revolution? In Europe an economic revolution? In America a financial revolution? In IMF - a leadership revolution? Political-Economic revolution going to Europe?...Withered the European Welfare States..& will be replace by an American-style Financial Capitalism!

The Economic Hitmen.

2011-05-16T10:06:00.000-07:00

Jun 4, 2010 - A great illustration on how corporations take control of countries, and how capitalism drives the expansion of the Military Industrial Complex. Made by Studio Joho who have allowed me to upload their video.

"The Chinese Model"

2011-05-15T11:01:00.000-07:00

13 May 2011 | Capitalism, Chinese Style Pt. 2 - Orville Schell

Debt and a Broken System

2011-05-12T04:07:00.000-07:00

TheRealNews on May 8, 2011 - Hudson and Wolff: Massive public debt incurred to bail out a broken private system

Keynes, Crisis and Monopoly Capitalism.

2011-04-30T21:51:00.000-07:00

TheRealNews on Apr 29, 2011 - Robert Skidelsky and Paul Jay discuss Keynes, the IMF, concentration of ownership, political power and rebellion.

Be an Active Economic Citizen.

2011-04-26T06:37:00.000-07:00

Apr 25, 2011 - Things needed for healthier economic. Prof Ha-Joon Chong of Cambridge University:

The America's Big Con Game : Reaching our Shores?

2011-04-24T06:42:00.000-07:00

Apr 22, 2011 - Ha-Joon Chong : Prof of Economics : University of Cambridge

Social Welfare Spending.

2011-04-23T06:46:00.000-07:00

Apr 22, 2011 - Prof Ha-Joon Chong, Economist, University of Cambridge.

Debt default: the Argentinian experience

2011-04-22T10:41:00.000-07:00

Apr 21, 2011 - As fears mount that Greece will become the first Eurozone country to default on its debts after being bailed out, OECD Economist Christian Daude talks about Argentina's experience of economic wipeout ten years ago.

Stocks Shopping : Advice

2011-04-19T10:39:00.000-07:00

Apr 19, 2011 - A vicious circle in the making, a self fulfilling prophesy, all big time military industrial capitalists & small investors would want the war against terrorism to go on! A shortened video.

Why? America is financially sick!

2011-04-19T08:51:00.000-07:00

American dollars are shipped out to one party and into pockets of others.

Why the price hike for Gas (Petrol)?

2011-04-19T00:19:00.000-07:00

The Price You're Paying For Gas Isn't The Real Price It's The Price Wall St Believes Oil Will Reach.

Things Ten : The US does not have the highest living standard.

2011-04-18T22:40:00.000-07:00

Apr 18, 2011 - Prof Ha Joon Chong of Cambridge on Real News Network.

Islamic Banking - is not about removal of interest but about the structure of the agreements.

2011-04-18T03:18:00.000-07:00

VOAvideo on Jul 28, 2010 - Islamic banking is growing around the world, but its ability to compete in the marketplace while following Islamic law may have limitations. VOA's Philip Alexiou has more in this edition of Money In Motion.

Most people in the rich countries are paid more than they should be!

2011-04-10T07:07:00.000-07:00

Apr 8, 2011 - Ha-Joon Chang : From 23 Things They Don't Tell You About Capitalism Pt.3

Courtesy | TheRealNews on Apr 6, 2011

US tsunami of cuts

2011-03-12T13:44:00.000-08:00

AlJazeeraEnglish on Mar 12, 2011 - The mayor of Providence, the capital of the US state of Rhode Island, is facing criticism after he fired all of the city's nearly 2,000 school teachers in an effort to tackle a $100m deficit.Not all will ultimately go, but sending dismissal notices to everyone means the city can fire teachers at the end of the school year without regard to seniority.

Angel Taveras, who only took office in January, defended the move by saying it was a necessary "protective measure" to help tackle the shortfall. Al Jazeera's Scott Heidler reports from Providence.

An Upside-Down Economy

2011-03-09T06:11:00.000-08:00

TheRealNews on Mar 3, 2011 - A wide ranging interview with Rob Johnson on austerity, taxes, money and politics

Standoff in Wisconsin

2011-03-09T00:42:00.000-08:00

TheRealNews on Mar 7, 2011 - Kristine Mattis: What started as a small battle for the unions, is now a war of the working people against the corporate elite.

Reaganomics Was Pro Business, Not Pro "Free Market"

2011-02-06T13:36:00.000-08:00

TheRealNews - Yves Smith on Reagan Centenary:| February 05, 2011 - President Reagan broke unions and intervened in the market when big business required it.

Reaganomics Sucked Wealth Up, Did Not Trickle It Down

2011-02-06T12:35:00.000-08:00

TheRealNews | February 06, 2011 - Michael Hudson on Reagan Centennial: Creating an economy for predators is not respect for a "free market"

Countries in Europe are forced to subscribed to third world economic policy that lead to the ruins in Tunisia :

2011-01-22T05:57:00.000-08:00

Tunisia - solidarity with the revolution
Jeremy Corbyn MP | Coalition of Resistance 20 Jan 2011

Britain following America ... towards Bankers.

2011-01-12T08:00:00.000-08:00

Lloyds' Eric Daniels in line for £2m bonus

Mr Daniels is stepping down as Lloyds boss in March

Lloyds Banking Group boss Eric Daniels is in line for a bonus of about £2m this year, the BBC has learned.

Mr Daniels, who steps down in March, has turned down a bonus in the past two years but will not do so again, sources told BBC business editor Robert Peston.

The government bailed out Lloyds after it took over HBOS in 2008, and still holds a 41% stake in the bank.

On Tuesday, Barclays boss Bob Diamond said he had not decided whether he would accept a bonus this year.

On top of the bonus, Mr Daniels could receive shares worth another £2m from a long-term incentive plan, according to our correspondent.

The announcement on the bonus will be made in February, he added.

The news of Mr Daniels' bonus came on the day that the Labour leader Ed Miliband accused Prime Minister David Cameron of "pathetic excuses" for breaking promises to limit bank bonuses.

BBC News | 12 January 2010

Brazil, Fearing Currency War, Takes Harder Edge Vs. China

2011-01-12T07:27:00.000-08:00

Will Brazilian equities get their mojo back under new President Dilma Rousseff, who's battling a strengthening currency?

Brazil's Bovespa exchange rose just 1% in 2010 while many New York-listed stocks like energy giant Petro bras (PBR) dived, even as Brazil's hot economy jumped an estimated 7.4%. The Bovespa surged 83% in 2009, leading the way out of the global financial crisis.

With China a big buyer of Brazilian iron ore, meat, soy beans and sugar, some pundits say the Bovespa may not come roaring back until China's stocks rebound.

China's exchange shed 14% last year. Beijing is tightening monetary policy, which will cool its economy.

Rousseff, meanwhile, is aiming to take a tougher line in trade talks with China amid global currency tensions. Brazil's currency, the real, is up more than 100% against the U.S. dollar since 2003. Brazil's trade, however, has been shifting from the U.S. to China.

Investors.com | 11 January 2011

John Pilger - The Perils of Privatisation

2010-12-25T08:40:00.000-08:00

MaritimeUnion | April 02, 2009 - Award winning author, journalist and documentary film maker John Pilger gives a candid account of the perils of privatisation threatening Sydney's Ferry Service.

Inside Job : a documentary on US Economic collapse.

2010-12-19T01:57:00.000-08:00

Inside Job Examines Economic Collapse

VOAvideo | December 17, 2010 - More than two years after the U.S. government approved the $700 billion emergency bailout for the financial system, unemployment is high and housing foreclosures are still a cause for concern. Charles Ferguson's documentary "Inside Job," takes a hard look at the causes of the 2008 financial meltdown and warns there could be another recession if the Obama administration is not tougher on the U.S. banking sector and businesses it considers "too big to fail."

Currency War EURO attacked! to retain USD as world's reserved currency.

2010-12-17T15:36:00.000-08:00

RussiaToday | December 17, 2010 - EU leaders meeting in Brussels have agreed to set up a permanent mechanism to save Eurozone economies sinking in debt. They promised to do "whatever is required" to safeguard the common currency. William Engdahl, an economist and author thinks the Union needs a lot of political will to bring the crisis under control and keep the common currency going.

Gender-conomics, Race-conomics, Age-conomics & recession .

2010-12-16T20:38:00.000-08:00

The Recession is also a Mancession

TheRealNews | December 16, 2010 - Nancy Folbre: Men Are Loosing Jobs Faster Than Women.

QE allows Financial Capitalist to devour BRIC Countries.

2010-12-16T13:34:00.000-08:00

Why Government is More Afraid of Debt than Depression

TheRealNews | December 16, 2010 - Michael Hudson: Deficit Hawks Want a One Two Punch Against the Economy.

Lowering Workers' Wages is the Objective

2010-12-15T20:27:00.000-08:00

TheRealNews | December 14, 2010 - Leo Panitch: Big Business opposed to government jobs programs, as their objective is to drive wages down through fear and global competition

Money - the basis was questionable & under Obama its ain't a clean system either!

2010-12-14T10:44:00.000-08:00

A World Upside Down? Deficit Fantasies in the Great Recession

2010-12-14T02:48:00.000-08:00

TheRealNews | December 13, 2010 - Robert Johnson: Austerity and stagnation real risk to debt-to-GDP ratio.

FINANCE REFORM BILL HELPS 5 BIG BANKS.

2010-12-13T02:50:00.000-08:00

TheRealNews | August, 2010 - Jane D'Arista:
1. Bill put some brakes on speculation but will strengthen monopolization of sector:
2. Bill does not take on the Federal Reserve.
3. No Public Option for Finance Reform?

Did the bank won? I think so with QE2!

Financial Crisis :: How it happens & why?

2010-12-10T04:06:00.000-08:00

A close look at the devastating effects globally:

The God of Money - How & Why America weakened the only potential rival as the world reserved currency, the EURO!

2010-12-09T08:55:00.000-08:00

The German banks played casino with Wall Street and now demand austerity from Greece. US fights to maintain dollar hegemony at expense of economy.

A revolution in the requirement of financial reporting is needed :

2010-12-09T05:39:00.001-08:00

:: Who Benefits From Austerity ::

TheRealNews | December 08, 2010 - James Crotty: What Does Wall St. Want Out of Austerity and What Benefits Does it Gain From a Small Government?

"ONLY THE SUPER-RICH CAN SAVE US"

2010-12-08T12:30:00.000-08:00

TheRealNews | July 13, 2010 - In Ralph Nader's book a few American billionaires want to return power to the people - a work of fiction.

Play back a 2009 Video :: US was facing apocalypcal economic collapse? What will Obama do?

2010-12-08T01:24:00.000-08:00

RussiaToday | May 04, 2009 - The world economy is not only showing few signs of recovery, but we are also looking at the end of the American century, according to German author and economist William Engdahl.

Europe curing the symptoms not punishing the culprits, the politicians & bankers.

2010-12-07T10:41:00.000-08:00

RussiaToday | December 07, 2010 - The French are promising a new way to vent their anger over the handling of the economic crisis. In place of mass streets protests and crippling strikes, there's a revolutionary call for people to withdraw their life savings from banks. Christoph Hoerstel, a political and business consultant from Potsdam also agrees that the system doesn't work properly and suggests that countries which can't afford the Euro need to get out of the eurozone.

Eric Cantona (former MU striker) Run on the bank in Paris:

2010-12-07T10:36:00.000-08:00

ERIC CANTONA "KILL THE BANKS" (A MUST SEE)!

pierre1024 | November 15, 2010 - Enamored by all of the "Conspiracy Theory doom & gloom"? Hanging on to every word AJ and other alarmists put out? No problem, we've all been through it.

The good news is that in addition to waking up and getting informed there is also another thing you can do and that is to ACT!

Something that a lot of the prophets of doom & gloom forget to tell you is you are not some insignificant powerless dupe that has to put up with all the nonsense

In the words of one of the worlds greatest soccer players of all time Eric Cantona, "Kill the Banks!

Bank Run: Eric Cantona Fans withdraw cash from accounts in France

RussiaToday | December 07, 2010 - A group of activists in Paris emptied their bank accounts on Tuesday after a call by football icon Eric Cantona to protest against practices by leading banks. About a dozen activists from French anti-capitalist group "Save the rich" marched in Paris on Tuesday and withdrew money from a branch of Societe Generale. The protesters, dressed in yellow and black prisoners costumes or neon green wigs and boas, then opened accounts with a nearby branch of Credit Cooperatif bank. Activist groups have seized on a call by former France and Manchester United star Cantona in October for depositors to empty their bank accounts.

Bangladesh :: Remittance income eclipse all Aids put together.

2010-12-07T02:26:00.000-08:00

Economy crisis hits food industry

AlJazeeraEnglish | December 06, 2010 - The strain of the global economic crisis is affecting the Asian food industry in the UK.

Dualism in EU Economy :

2010-12-03T23:37:00.000-08:00

PressTVGlobalNews | November 30, 2010 - EU leaders are scrambling to restore confidence in the state of the eurozone, but many still remain skeptical.

Press TV's Yaldaz Sadakova reports from Brussels.

Irish Nightmare Economy - boom to burst.

2010-11-30T07:36:00.000-08:00

TheRealNews | November 29, 2010

- Leo Panitch: U.S. created financial crisis and European banks turned the Irish Miracle into a nightmare.

Ireland :: what American Media Said.

2010-11-28T07:23:00.000-08:00

STRATFORvideo | November 22, 2010 - Analyst Marko Papic examines the EU-IMF bailout of Ireland and the opportunities it may present for Germany.

Dispatch: The Irish Bailout and Germany's Opportunity

GRITtv: The F Word: Solving the Irish Crisis

lauraflanders | November 23, 2010 - The financial crisis in Ireland is leading to a political crisis on the heels of a bailout and more "austerity measures." The coalition that currently rules is falling apart, the Green Party detaching from the prime minister's Fianna Fail party, and elections loom.

But just as in colonial days, the "Irish problem" is really a problem from outside. Ireland wouldn't need "help" if it hadn't been robbed by multinationals. Distributed by Tubemogul.

World Business: Ireland's Struggling Economy

2010-11-27T01:28:00.000-08:00

worldbusiness | November 25, 2010 - World Business: Ireland, once one of Europe's hottest economies is in a sorry state. Laden with debt, but desperate to avoid asking for help from the IMF and EU, the country has to take drastic action. With four companies going bust every day, and unemployment soaring, it will take all the luck of the Irish to get out of this economic mess.

After Ireland: who will collapse next?

2010-11-26T09:48:00.000-08:00

france24english | November 24, 2010 - TALKING POINTS - After Ireland: who will collapse next?
After days of uncertainty, Ireland has finally called Europe to the rescue. With its banks on the brink of collapse and its budget deficit skyrocketing, the government had no choice but ask the European Union and the IMF for financial help. Will the euro come under fire from global financial markets?

Ireland's :: a case of an elite intent on total control.

2010-11-26T08:48:00.000-08:00

. . . .the battle line is between an elite intent on total control, and the masses of people who should have the right to govern their own lives.

'European Debt Union: Ireland in Euro Cage'

2010-11-26T07:40:00.000-08:00

RussiaToday | November 22, 2010 - Rt discusses Irish bailout with British conservative MP Douglas Carswell.

'Irish bailout a gamble, Eurozone days numbered'

2010-11-26T06:45:00.000-08:00

RussiaToday | November 22, 2010 - Debt-stricken Ireland WILL receive a massive bailout of over a hundred billion dollars from the European Union and International Monetary Fund. It's the second emergency rescue package organized by the Eurozone, after similar measures were taken for Greece. RT talks to Sam Bowman, head of research at the Adam Smith Institute in London.

Max Keiser - "Financial Terrorists Taking Ireland Down!"

2010-11-26T05:45:00.000-08:00

Tressco | November 16, 2010 - If Europe's single currency fails, so would the Union itself. The warning comes from the EU president, who was speaking ahead of the meeting of the Eurozone's finance ministers. Portugal has warned it could be forced out of the Eurozone, and Ireland is also being urged to use European bailout money to prevent bankruptcy. But Financial analyst Max Keiser says going to the IMF for help would be even worse...

Malaysia Household Debt now at RM560b - 77% of GDP.

2010-11-25T23:53:00.000-08:00

BNM reported Household debt at RM560b - 77% of GDP
Asean Financial Crisis 1997 household was at circa 60% of GDP
Creditors Category more than 70% housing loans.

Hutang isi rumah membimbangkan :: Cause of concerned - household debts.

Bajet 2011 abai masalah hutang isi rumah :: 2010 budget did not look into household debts.

Communist China Raises Key Interest Rate. . . and bailout

2010-11-23T09:01:00.000-08:00

. . . America as Money Pours Into the Greenback.

FinancialNewsOnline | October 19, 2010 - The safe-harbor dollar gained sharply across the board Tuesday after China surprised investors by raising its key interest rates in an effort to ease the nation's rapid economic growth, raising the possibility of a potential slowdown.

The surge the greenback is receiving is in direct opposition to recent trends, as it has been under pressure with investors expecting further quantitative easing by the Fed.

The news also led investors to blow out of positions in commodities like oil and gold as concern regarding slowing Chinese growth could lead to a decline in demand for the commodities.

New Zealand sheep farming industry facing crisis:

2010-11-19T20:43:00.000-08:00

AlJazeeraEnglish | November 19, 2010 - The price of lamb has been hitting record highs around the world but in New Zealand, sheep farmers say the industry is in crisis.

A series of droughts was followed by spring storms earlier this year, resulting in the country's lowest lamb yield in nearly 50 years.

Al Jazeera's Gerald Tan reports from the farming belt of Napier on the North Island.

America initiated Global "money laundering" of the highest order!

2010-11-18T20:18:00.000-08:00

TheRealNews | November 18, 2010 - Parasitical Capital Not Lack of Gold the Problem - Jane D'Arista: Discusses Head of World Bank suggestion return of gold standard is grasping at straws.

China in Latin America : The Dragon in the Room

2010-11-16T23:45:00.000-08:00

TheRealNews | November 16, 2010 - Kevin Gallagher: Chinese investment in resources creating lopsided economy in Latin America.