March 13: Civil Resistance to War and Empire in Nation’s Capital – Peace of the Action’s “Camp OUT NOW”, Washington, DC

Enough is enough! It’s time we up the ante and demand that our voices be heard and heeded. It’s time that the logical and rational voices of reason get a Peace of the Action.

While the wars in Central Asia and the Middle East rage hotter and hotter, and while the suppression of our civil liberties here in the U.S. continue, Peace of the Action is demanding an immediate cessation to U.S. hostilities.

Peace of the Action will be establishing Camp OUT NOW on the lawn of the Washington Monument (with or without governmental permission) on Saturday, March 13th, (exactly 23 days from today), to be a base of operations from which we will organize and direct daily acts of Civil Resistance throughout the DC area and until our demands are officially recognized. Continue reading

MSM: Pennsylvania State Capital Mulls Bankruptcy as a Budget Option

(Bloomberg) – Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year, the chairwoman of a City Council committee said last night. Continue reading

Video: The Dollar is now collapsing – Peter Schiff

(January 23, 2010) – Peter Schiff is an American economist, author, commentator and popular video blogger who regularly appears in the role of a bearish pundit on numerous financial news networks. Schiff, a licensed stock broker, is the president of Euro Pacific Capital, a brokerage firm founded in 1980 and later reincorporated in 1996, now headquartered in Westport, Connecticut. Continue reading

MSM: The Christmas credit crunch – Greedy finance firms push interest rate towards 40%

(DailyMail) – The move by Capital One means some customers will be paying almost 40 per cent interest on their Christmas gifts and January sale purchases unless they clear the balance on their cards. Continue reading

Banks Create Money Out of Thin Air, Not Out of Pre-Existing Deposits or Reserves

The battle to reform the American banking system needs to include reimposing the barrier between investment banking and depository banking (Glass-Steagall), pay incentives based on what is best for Americans and not just the top executives, the end of too big to fail, and other changes which are frequently discussed by financial writers. These are vital issues. Continue reading

MSM: Dollar Reaches Breaking Point as Banks Shift Reserves

(Bloomberg) – Central banks flush with record reserves are increasingly snubbing dollars in favor of euros and yen, further pressuring the greenback after its biggest two- quarter rout in almost two decades. Continue reading