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Hang Onto Your Wallets: Negative Interest, the War on Cash, and the $10 Trillion Bail-in
by Ellen Brown
In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?
Remember those old ads showing a senior couple lounging on a warm beach, captioned “Let your money work for you”? Or the scene in Mary Poppins where young Michael is being advised to put his tuppence in the bank, so that it can compound into “all manner of private enterprise,” including “bonds, chattels, dividends, shares, shipyards, amalgamations ”?
That may still work if you’re a Wall Street banker, but if you’re an ordinary saver with your money in the bank, you may soon be paying the bank to hold your funds rather than the reverse.
Four European central banks – the European Central Bank, the Swiss National Bank, Sweden’s Riksbank, and Denmark’s Nationalbank – have now imposed negative interest rates on the reserves they hold for commercial banks; and discussion has turned to whether it’s time to pass those costs on to consumers. The Bank of Japan and the Federal Reserve are still at ZIRP (Zero Interest Rate Policy), but several Fed officials have also begun calling for NIRP (negative rates).
Sanders’ Hypocrisy/Carson’s Geopolitical Ignorance
by Stephen Lendman
Sanders doesn’t believe one NATO killing machine is enough. He wants a second one - “work(ing) with our NATO partners…includ(ing) Russia and (rogue) Arab League” states, according to remarks he made at Georgetown University.
He wants it collaborating to defeat the made in America scourge of terrorism - without explaining its root cause.
Earlier, he outrageously lied, calling the late Hugo Chavez, murdered by Washington, a “communist dictator.” He disgracefully and willfully lied again, saying popularly elected and overwhelmingly supported Bashar al-Assad is a “brutal dictator who has slaughtered many of his own people.”
He continues defending them from the scourge of US-imported ISIS and other terrorists. Sanders wants him ousted, perhaps supporting a US-installed tinpot despot regime like in Ukraine, a rogue state waging war on its own people he supports.
His so-called “democratic socialism” is neither democratic nor socialist. It’s money-controlled duopoly power - one party with two right wings, each like the other on issues mattering most, differing only in style and rhetoric.
Hyped Fear Grips Europe and America
by Stephen Lendman
Most people don’t think. They react irrationally, out of touch with reality, easy marks for state-sponsored propaganda.
It’s raging in America and across Europe following the Paris attacks, a likely false flag - hype without substance, scaring people to believe terrorists will attack Western communities.
Chances of being struck by lightning are much greater than becoming a terrorist attack victim. Death by auto accident, preventable diseases, violence at home by one family member against another, alcoholism or excessive use of harmful legal drugs is infinitely higher - what media propaganda never explains.
Daily Israeli State Terror Rages
by Stephen Lendman
Conspiratorial scoundrel media ignore Israeli high crimes against defenseless Palestinians, failing to condemn them and demand accountability.
Long-suffering people are disgracefully referred to as knife-wielding terrorists, vilifying their humanity and struggle for justice, brutalized under occupation harshness, denied their international law guaranteed rights for not being Jewish.
The death toll since October 1 is at least 92, including 23 young children and four women, extrajudicially executed, over 10,000 others injured, thousands shot by live fire or potentially lethal rubber/plastic-coated rubber bullets, countless thousands more harmed by toxic tear gas inhalation. 22-year old Fadi Hoosh was the latest victim, an Israeli citizen, his immolated body found Friday night inside a vehicle in a garbage dump - a human being disposed of violently like other refuse, ignored by media scoundrels. Imagine the difference if he was an Israeli, US, or European Jew.
Fascists Running America Endorse Nazism
by Stephen Lendman
America didn’t eliminate the scourge of fascism in WW II. It shifted its headquarters from Berlin and Tokyo to Washington.
Today, it’s partnered with likeminded allies, waging global war on humanity, destroying fundamental freedoms, risking the unthinkable, potential life-ending nuclear war.
On November 19, the General Assembly’s Third Committee on Social, Humanitarian and Cultural Issues adopted a resolution, condemning the glorification of Nazism, neo-Nazism, and likeminded practices, facilitating racism, xenophobia and intolerance.
A 126-nation majority supported the resolution. Another cowardly 53 countries abstained, including EU states. America, Canada under its new Prime Minister Justin Trudeau, US-installed Ukraine putschists and US-controlled Palau voted “no.”
Round-the-Clock Russian War on Terrorism in Syria
by Stephen Lendman
Russia continues waging effective war on terrorism in Syria round-the-clock - compared to America’s phony war, creating and supporting its scourge, used to advance its imperial interests.
After transforming a neglected Latakia, Syria airfield into the Khmeimim strategic hub, Russian aerial operations against ISIS and likeminded groups continue effectively without letup.
Moscow created capacity for dozens of combat aircraft, including state-of-the-art bombers, fighter jets, ground-support planes, helicopter gunships and support choppers.
Conflict Resolution in Syria Impossible Without Assad
by Stephen Lendman
Washington, Britain, France, Israel and rogue regional allies are part of the Syrian conflict resolution problem - Russia and Assad key solution partners.
Sergey Lavrov stresses Assad’s importance, saying “(a)ll the forecasts made by (rogue Western states) and some other parties that the people would rise up and oust him never came true.”
“This means one thing: Assad represents the interests of a significant part of Syrian society (the vast majority, Lavrov stopped short of explaining based on polling data and his overwhelming June 2014 reelection). So no peaceful solution can be found without his participation.”
Jonathan Pollard Released
by Stephen Lendman
Reports last summer indicated Pollard would be released within months as a sop to Israel. An earlier article called it perhaps a teaspoon of sugar to help the Iran nuclear deal go down.
Thirty years ago, he was arrested, pled guilty to spying for Israel, and was sentenced to life imprisonment - the only case of its kind imposing punishment this harsh for passing classified information to an ally.
On Friday without fanfare, he was released from a North Carolina prison at 4:15AM, his wife Esther and others there to greet him. The New York Times said “the Obama administration had no plans to let him leave the country and move to Israel as he requested.”
Hillary’s Foreign Policy: Endless Wars of Aggression
by Stephen Lendman
A Clinton presidency would be disastrous for America and humanity. She represents pure evil - the most reckless and ruthless of all current aspirants - a rogue actor on steroids, a real threat to world peace and stability.
The late historian Arthur Schlesinger, Jr. once called the New York-based Council for Foreign Relations (CFR) a “front organization (for) the heart of the American establishment.” It publishes only what it wishes the public to know.
It was Clinton’s venue for her Thursday foreign policy address, focusing on the Middle East, advocating escalated US military intervention, a reckless jingoistic proposal risking direct confrontation with Russia, possible WW III - using US-created ISIS and so-called “radical jihadism” as the pretext for her advocacy.
Wars: US Militarist Factions in Command
James Petras
Introduction
Over the past 15 years the US has been engaged in a series of wars, which has led many writers to refer to the ‘rise of militarism’ – the growth of an empire, built primarily by and for the projection of military power – and only secondarily to advance economic imperialism.
The rise of a military-based empire, however, does not preclude the emergence of competing, conflicting and convergent power configurations within the imperial state. These factions of the Washington elite define the objectives and targets of imperial warfare, often on their own terms.
Having stated the obvious general fact of the power of militarism within the imperial state, it is necessary to recognize that the key policy-makers, who direct the wars and military policy, will vary according to the country targeted, type of warfare engaged in and their conception of the war. In other words, while US policy is imperialist and highly militaristic, the key policymakers, their approach and the outcomes of their policies will differ. There is no fixed strategy devised by a cohesive Washington policy elite guided by a unified strategic vision of the US Empire.
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