May 212013
 
 May 21, 2013  Posted by at 12:48 pm financial No Responses »
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Top economist Jeffrey Sachs says Wall Street is full of ‘crooks’ and hasn’t changed since the financial crash of 2008, says

The Independent in April 2013 (One of the UK’s leading newspapers)

http://www.independent.co.uk/news/world/americas/top-economist-jeffrey-sachs-says-wall-street-is

One of the world’s most respected economists has said Wall St is full of “crooks” and hasn’t reformed its “pathological” culture since the financial crash. Professor Jeffrey Sachs told a high-powered audience at the Philadelphia Federal Reserve earlier this month that the lack of reform was down to “a docile president, a docile White House and a docile regulatory system that absolutely can’t find its voice.” Sachs, from Columbia University, has twice been named one of Time magazine’s 100 Most Influential People in the World, and is an adviser to the World Bank and IMF. “What has been revealed, in my view, is prima facie criminal behavior,” he said. “It’s financial

May 192013
 
 May 19, 2013  Posted by at 3:45 pm financial, politics No Responses »
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Why the Stock Market Booms as the Lower-loop Bust Worsens

Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite. 06 Mar 2013

The Dow is at a record high and so are corporate profits – so why does it feel like most of the country is deeply suffering right now? Real household income is the lowest that it has been in a decade, poverty is absolutely soaring, 47 million Americans are on food stamps and the middle class is being systematically destroyed. How can big corporations be doing so well while most American families are having such a hard time? Isn’t their wealth supposed to “trickle down” to the rest of us?

Their cure will kill us! Michel Chossudovsky on State of Financial Emergency

Our republic and its economy are imploded by the banker’s agent saboteurs  and what do the people cry out for as it happens?  Nothing.   What spokesman to they choose to speak their defense to the world?  Nobody.  What alternative did they propose to replace the system that was killing them.  None, although one answer was there if they wanted it.

 

 

 

 

 

Sep 192012
 
 September 19, 2012  Posted by at 4:54 pm financial, politics No Responses »
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US Sociologist Professor Peter Phillips, well known for researching the USA power elite, and one of the leading figures behind Project Censored, has published a study of the transnational ruling class. He points out that the present global situation is dire: “The World Bank reports that, in 2008, 1.29 billion people were living in extreme poverty, on less than $1.25 a day, and 1.2 billion more were living on less than $2.00 a day.”

Phillips and co-author Kimberly Soeiro focus on one company in the resources sector and one in the financial services sector.

Freeport-McMoRan (FCX) is the world’s largest extractor of copper and gold. The company controls huge deposits in Papua, Indonesia, and also operates in North and South America, and in Africa. In 2010 they reported revenues of $18.9 billion and a net income of $4.2 billion.

BlackRock, based in Manhattan, is the largest assets management firm in the world. As of March 2012, BlackRock manages assets worth $3.68 trillion.

The authors look at the directors of the two businesses and find they are part of a web. “BlackRock’s board has direct links to seven of the twenty-five most interconnected corporations in the world. BlackRock’s eighteen board members control and influence tens of trillions of dollars of wealth in the world and represent a core of the super-connected financial sector corporations”.

They conclude: ” We demonstrate how the US/NATO military-industrial-media empire operates in service to the transnational corporate class for the protection of international capital in the world.

http://www.projectcensored.org/top-stories/articles/the-global-1-exposing-the-transnational-ruling-class/

 

Sep 192012
 
 September 19, 2012  Posted by at 4:44 pm drugs, financial, politics No Responses »
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Documents obtained by Wikilealks from the quasi-official US Stratfor organisation have underlined what was only a rumour at the time: the US Drugs Enforcement Agency was ordered by the Bush White House to stop investigating the brother of Afghanistan’s President Karzai, a well known drug kingpin. In a leaked email Stratfor’s  Fred Burton writes:

“The brother of President Karzai of Afghanistan is under investigation by DEA as a major narcotics trafficker. For political reasons, DEA has been told to back off by the White House and CIA.”

This shock account undermines one of the reasons given for the NATO invasion of Afghanistan: to stamp out the drug trade. This was never very credible as the Taliban had themselves stopped opium production a year before NATO arrived. Cynics said that on the contrary the invasion of Afghanistan was in part to reinstitute the drug trade and the now booming exports have led credence to this view.

Are there two sorts of drug dealers: those protected by Washington and the independents? There are certainly many instances of DEA officials complaining they have been stood down, as has happened in this case. In addition the Fast and Furious scandal has seen the Obama Justice department admitting to authorising the supply of weaponry to a favoured Mexican drug cartel in an alleged sting operation.

When the Wachovia Bank turned out to be laundering billions of dollars in Mexican drug money no-one was prosecuted.

http://wikileaks.org/gifiles/docs/5522439_re-humint-afghanistan-karzai-strictly-protect-confidential-.html

Sep 192012
 
 September 19, 2012  Posted by at 4:39 pm financial, politics No Responses »

Former President Jimmy Carter has issued a blistering indictment of the U.S. electoral process, saying it is shot through with “financial corruption”. The dynamic is fed, Carter said, by an income tax code that exacerbates the gap between the wealthiest Americans and the rest of the electorate, allowing the rich even greater influence over public discourse and electioneering. He said the United States should return to publicly financed elections for president.

In fact the situation is even worse than Carter says because most of the money funnelled into elections is spent on media advertising. Any corporate journalist trying to highlight this corruption issue is likely to incur the anger of their proprietor. There is a closed loop. Government funds are channeled to the Washington/Israel corporate nexus in the form of spending on the military/industrial security and prison industries. The money is invested in buying politicians and lobbyists. They in turn channel the money into media advertising.

http://abcnews.go.com/US/wireStory/carter-financial-corruption-harms-us-elections…