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Bailouts, Stimulus Packages or Redistribution of Assets?, Part 1 by Deanna Spingola
Deanna Spingola
On February 17, 1950, James Paul Warburg appeared before the U.S. Senate and declared: “We shall have World Government, whether or not we like it. The only question is whether world government will be achieved by conquest or consent.” To establish a world government, it is necessary to incrementally eradicate the constitution, bring the U.S. to her knees economically, and shackle the taxpayers to perpetual debt through bailouts and stimulus packages funded by printing billions of dollars of interest and debt-bearing Federal Reserve Notes to drastically devalue the currency in circulation thus impoverishing the taxpayers. The only benefactors are the extant banks, certain corporations and the individuals who concocted the financial disaster.
"Posthuman Resources": Why Do We Hate Humans So Much?
ddjango
There is no phrase in biz lingo more insidious, odious, and degrading than "human resources". Every company has a department with that title (or outsources its functions). Such departments used to be called "Personnel" or "Employment". Pretty neutral and innocuous, I think. Then, I guess, somebody came up with the bright idea that putting "human" in the title modernized the concept and/or made it more, well . . . "humane". Just the opposite, I'm afraid. It's that concept of "resource" that really singes my socks . . .
I was born in California in the late 40s. Pretty early on it was just my dad (a school teacher) and myself. We lived and I grew up in a series of communities, some of them in the northern rural part of the state and others that were in Sacramento, Stockton, San Francisco, and Eureka. These communities were called "neighborhoods" and our friends were, well, "friends".
The Great 2009 Bank Rescue Plan and Coup
Allen L Roland
Barack Obama's multi-trillion dollar rescue plan for the banks shows all the signs of a carefully orchestrated third world coup where the country stays in debt and under the thumb of the global banking elite. If you're not outraged, your on life support : Allen L Roland
It was Amshall Rothschild who wrote ~ " Let me issue and control a nations money and I care not who writes the laws." and we are currently witnessing the truth of these words in the great 2009 Bank Rescue plan and coup.
Screw the Big Banks! Bailout the Small Depositors!
Len Hart
It was last fall, as Americans dared hope that a new administration would take office just in time to save America, Bush announced a first big 'bailout' which would, we were told, prevent a financial collapse, a great depression, a panic! Not least among many reasons the bailout failed is the fact that the wrong people got the money. Although Richard Nixon has famously claimed "We are all Keynesians now", nothing could be further from the truth now. Thanks to the misplaced reverence for Augustus Reagan, we are all still Friedman monetarists now. That is why the bailout failed and it is the reason future bailouts will fail unless something is done to address the root cause of collapse: the wrong people got the money!
It was only last fall that the FED and officials of the Treasury Department 'rode to the rescue' of all the wrong people, specifically, the very financial institutions that created this mess to begin with. In the wake of all this failure, incompetence and criminality, there great hand wringing, wailing, gnashing of teeth because the 'n' word has been utter. Nationalize the banks! At this point, it won't make any difference. As 'the Who' famously said, 'the new boss, same as the old boss'. What is needed is not a new boss following the same, tired, failed policies. What is needed is some intelligent thinking about what drives economies! Here are some clues: banks do not drive economies. Rich elites do not drive economies. Governments do not drive economies. Big corporations do not drive economies though many board chairs are deluded and believe themselves to be 'captains of industry'. Bullshit!
Bolivarianism Triumphs in Referendum Vote
Stephen Lendman
On February 15, Venezuelans voted on whether to let presidents, National Assembly representatives, governors, mayors, and state legislators run indefinitely for re-election after Chavez last December proposed a national referendum for constitutional change - so voters, not politicians could decide.
Sunday they spoke decisively in favor by a 54.4% to 45.6% margin with over 94% of votes counted. Chavez didn't win. Venezuelans did for Bolivarian continuity and against oligarch dominance, no democracy, and back to an impoverished state.
Since 1999, Chavez transformed Venezuela to what it is today:
Iran was a great place to visit: American tourist
Interview by Ahmadreza Tavassoli
Unfortunately most of the people in the world, because of massive negative propaganda run by some media corporations, consider Iran as an unfriendly country. But when people visit Iran, they see a reality which is very different from the perception created by the mainstream media. Instead they find a country which has close to 15000 years of recorded history and civilization with a very attractive literature and culture and of course with the warmest people.
Dr. Philip Price is an American tourist who came to Iran in April 1999 to see his Iranian friend Mohammad. Before that, he had visited some other countries like Italy, Mexico, Czech Republic, Hungary, Greece. So he is very familiar with different people and cultures.
Now 10 years later, I had an opportunity for a friendly conversation with him about his memorable trip to Iran. I think what he has to say will be interesting for people who want to see the facts and other sides of Iran.
Enough Bad Banks; We Need Good Ones in a New System
John Hoefle
We have said, repeatedly, that the attempts to bail out the global banking system, including the U.S. banks, are not working, will not work, and can not work. Not only will they not restore the banking system to solvency, but they are actually making the economic crisis worse.
There are several problems with the bailout process. One is that the global financial system, with its quadrillion dollars-plus derivatives bets and hundreds of trillions of dollars of worthless securities and unpayable debts, is hopelessly insolvent. This is, and has been from the beginning, a full-blown banking crisis; the widely touted "subprime crisis" and "credit crunch" were marketing slogans created for the purpose of hiding the true nature of the problem, and positioning the banks to lobby for a public bailout under the guise of protecting the so-called "little guy."
To Protect and Serve
I wish I was a graphic artist, 'cuz I just designed (in my muddled head) a great new Nobama T-shirt. All I can do is describe it . . .
Background: the popular headshot image of the prez, but not in the colors that remind me of a bruise I developed on my shoulder in 1968, the result of a just-missed-my-noggin swing of a riot stick by a cop who took exception to my use of the word "pig" in reference to his ugly self. No, the colors are shades of gray - nothing quite white, nothing quite black. Perfect.
A Day of Reckoning for the USA
Norm Lowry
“The foundation of all Mental Illness is the unwillingness to experience legitimate suffering.” Carl Jung
Lately, I have been inordinately baffled. The combined government & media sources of the world tell the tale of whole countries sitting on the edge of fiscal insolvency; civil unrest now becoming commonplace; starvation & suicide deaths soaring; staggering rises in unemployment; food shortages; rising threats & escalating wars. In my country (USA), the stories are the same…maybe 46 of 50 States, 80% of US cities & 2 of 3 US banks are fiscally insolvent; likely 1 of 5 workers unemployed or working part-time (due to lack of suitable employment); home foreclosures up 80% in 2008 (worse yet expected in 2009).
Toxic Plans for Toxic Assets
Stephen Lendman
Exit Paulson, enter Geithner with the latest "no banker left behind plan" - aka whatever Wall Street wants, Wall Street gets. Yet, the reception was underwhelming. The Dow plummeted 382 points while investors took shelter in bonds and gold. AP reported that "the new bank rescue plan landed with a thud on Wall Street" as investors worried that no end to the crisis is in sight. Editorial and op-ed commentaries were near unanimously negative and some especially critical.
At a February 9 congressional briefing, lawmakers greeted Geithner with laughter and sarcasm, but most of it is just politics. Bailout opponent Brad Sherman (D, California) asked for details and a dollar amount, but instead got generalities about what he announced the next day - a plan to:
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