(SteveWatson) – In our leading article today we provide an overview of the nightmare future envisaged by a recent Rockefeller Foundation study which describes a global dictatorship tightly controlled by the world’s elite and super rich.
The Rockefeller blueprint for a new world order entitled “Scenarios for the Future of Technology and International Development,” predicts four future narratives.
One narrative in particular, “Hack Attack” outlines a scenario in which Technology is demonized as a criminal weapon prevalent in a world where civilization has all but collapsed. Read More Here
A report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression.
The report shows that:
Income inequality is worse than it has been since at least 1917
“The top 1 percent incomes captured half of the overall economic growth over the period 1993-2007″
“In the economic expansion of 2002-2007, the top 1 percent captured two thirds of income growth.”
(InfoClearingHouse) – It is time for a revolution. Government does not work for regular people. It appears to work quite well for big corporations, banks, insurance companies, military contractors, lobbyists, and for the rich and powerful. But it does not work for people. Continue reading →
(WashingtonTimes) – You’d think the Obama administration is busy enough controlling the banks, insurance companies and automakers, but thanks to whistleblowers at the Department of the Interior, we now learn they’re planning to increase their control over energy-rich land in the West. Read More Here
About to lose your home? Have you lost your home? Can you make the interest payments on your credit cards? Can you afford to maintain your car, your family’s incidental needs, your children’s health, or even buy enough food, gasoline or heating fuel? Continue reading →
The election of Republican Scott Brown to the U.S. Senate by Democratic voters in Massachusetts sends President Obama a message. Voters perceive that Obama’s administration has morphed into a Bush-Cheney government. Obama has reneged on every promise he made, from ending wars, to closing Gitmo, to providing health care for Americans, to curtailing the domestic police state, to putting the interests of dispossessed Americans ahead of the interests of the rich banksters who robbed Americans of their homes and pensions.
(ZeroHedge) – Mr Bernanke’s in-house Fed economists have found that the Fed wasn’t responsible for the boom which subsequently turned into the biggest bust since the 1930s. Are those the same Fed staffers whose research led Mr Bernanke to assert in Oct. 2005 that “there was no housing bubble to go bust”? The reasons for the US and the UK central banks inflating the bubble range from incompetence and negligence to just plain spinelessness. Let me propose an alternative thesis. Did the US and UK central banks collude with the politicians to ‘steal’ their nations’ income growth from the middle classes and hand it to the very rich?Continue reading →
Venezuela President Hugo Chavez took the stage at COP15 and launched his own protest. He declared, “If the climate was a capitalist bank, the rich governments would have saved it.”
Before linking the economic crisis to the climate one, Mr. Chavez’s scathing critique invoked the ghost of Karl Marx and praised street protesters drawing some applause from the audience. He went on to criticize what he sees as the destructive practices of the capitalist system, Chavez said that he fears that the “infinite model” of capitalism will exhaust the finite resources of the environment.
I was trying to explain to someone once about what happens when you go too far down the road with alcohol and certain drugs. It’s no different than what happens with the intoxication of power; the pursuit of sexual satisfaction, gold fever and whatever obsession might come to mind. I was telling this fellow that it was similar to the way the water swirls in a toilet bowl. At first you encounter certain events and phenomena and there may be an exception that occurs once or twice. As you continue down, what was an exception becomes commonplace and then a new exception will occur. Then this exception becomes common place. The lower you swirl on the side of the bowl the more the environment changes until it suddenly gets very dark and then stays that way. Continue reading →
Every delegate to the Copenhagen summit is being greeted by the sight of a vast fake planet dominating the city’s central square. This swirling globe is covered with corporate logos – the Coke brand is stamped over Africa, while Carlsberg appears to own Asia, and McDonald’s announces “I’m loving it!” in great red letters above. “Welcome to Hopenhagen!” it cries. It is kept in the sky by endless blasts of hot air. Continue reading →
The American journey that began on 8/15/71 is going to end over the next several years. The problems that have manifested themselves over the past few years signal the final stages of a destructive process that has stifled production and innovation and encouraged fraud in Wall Street and banking. The injection of money and credit into the financial system via the Fed and the Treasury has almost exclusively benefited the wealthy financial sector and has spread only crumbs to American citizens. Continue reading →
Income inequality in the US is now the most extreme of all countries. The 2008 OECD report ‘Income Distribution and Poverty in OECD Countries’ concludes that the US is the country with the highest inequality and poverty rate across the OECD and that since 2000 nowhere has there been such a stark rise in income inequality as in the US. The OECD finds that in the US the distribution of wealth is even more unequal than the distribution of income. Continue reading →
Authors of serious books seldom have cause to celebrate, but Larry Stratton and I have two reasons to open the champagne. Crown Publishing, a division of Random House, has announced a second printing of the second edition of The Tyranny of Good Intentions, and the noted civil libertarian and defense attorney, Harvey Silverglate, has just published a book covering many of the same legal cases and vetting our conclusion that in the United States every American is in grave danger from unscrupulous prosecutors who target the innocent. Continue reading →
“Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks.” Karl Marx
If Karl Marx and V. I. Lenin were alive today, they would be leading contenders for the Nobel Prize in economics. Continue reading →
(Google) – Finance ministers from the Group of Seven rich countries warned the recovery remains “fragile” and tried to talk up the U.S. dollar amid fears it could fall farther and disrupt the global economy. Continue reading →
I refuse to accept the Unconstitutional and Fascist Government put into power by the FASCIST INSURRECTION and will resist these Traitorous Usurpers who make War on us in every possible way. Continue reading →
Americans, particularly ones from the middle class, need to realize that there are no core entitlements imparted by their government representatives, nor any other sources. They have none and should adjust their expectations accordingly. Continue reading →
Deputy Secretary of Defense Paul Wolfowitz predicted in 2003 that the cost of the Iraq war would be covered by Iraqi oil revenue, which would also pay for reconstruction. The Iraq war has in fact cost the United States more than $900 billion, including more than $145 billion US and Iraqi dollars for rebuilding and local contracting to support US forces. Six years of reconstruction has been a failure, with most projects unfinished or so poorly built that they have been abandoned. Continue reading →
On Thursday, April 23 2009, Stephen Zarlenga, director of the American Monetary Institute (AMI), delivered two briefings on Capitol Hill on the American Monetary Act that AMI drafted and that may be introduced as legislation during the current congressional session. This single measure has the potential of bringing together the tens of millions of people who have realized it’s our bank-run debt-based monetary system that lies at the center of the financial rot that is destroying our republic and its values. Continue reading →
The Obama White House – full of supposedly smart political advisors led by the President of the “Change You Can Believe In” campaign movement of 2008 – is in disarray. Worse, multiple, confusing varieties of disarray provoking public confusion, internal Democratic Party strife, and the slow withdrawal of belief in Mr. Obama by his strongest supporters around the country. Continue reading →
“In a little time [there will be] no middling sort. We shall have a few, and but a very few Lords, and all the rest beggars.” R.L. Bushman
“Rapidly you are dividing into two classes–extreme rich and extreme poor.” “Brutus”
Americans think that they have “freedom and democracy” and that politicians are held accountable by elections. The fact of the matter is that the US is ruled by powerful interest groups who control politicians with campaign contributions. Our real rulers are an oligarchy of financial and military/security interests and AIPAC, which influences US foreign policy for the benefit of Israel. Continue reading →
US Secretary of State Hillary Clinton’s 11-day tour of Africa took in seven countries across the continent. Following on from President Obama’s trip to Ghana, her visit highlights his administration’s intention to strengthen the US position in Africa against the challenge of its rivals. Continue reading →
(Dprogram Exclusive) – Maybe it’s the smoke from Mt. Vesuvius that keeps Arianna Huffington and the financial community from seeing that the economic collapse has nothing to do with the Fed “missing” the warning signs leading up to the October meltdown. Continue reading →
(RawStory) – The wealthiest 10 percent of Americans now have a larger share of total income than they ever have in records going back nearly a century — an even larger amount than during the Roaring Twenties, the last time the US saw such similar disparities in wealth. Continue reading →
(WashingtonsBlog) – A new report by University of California, Berkeley economics professor Emmanuel Saez concludes that income inequality in the United States is at an all-time high, surpassing even levels seen during the Great Depression. Continue reading →
(Mike Whitney) – We’re making this way too complicated. It’s simple really.
The Fed has only one tool at its disposal; to create more money. Typically, the way the Fed adds to the money supply is by lowering interest rates. When the Fed lowers rates below the rate of inflation; they’re basically selling dollars for under a buck. That’s a good deal, so, naturally, speculators jump on it and trigger a credit expansion. What follows is a frenzy of market activity that ends in a housing, credit, tech or equity bubble. Eventually, the bubble bursts and the economy goes into a tailspin. Then, after a period of digging-out, the process resumes again. Wash, rinse, repeat. It’s always the same. Continue reading →
“PEOPLE ARE going to die.” Those were the words of Michelle Rousey, chair of the Public Authority Advisory Board for In-Home Support Services (IHSS) in California–as the cruel details of a budget deal worked out between Republican Gov. Arnold Schwarzenegger and the Democratic-dominated State Assembly emerged. Continue reading →
Pakistanis and Americans have a common problem, which is also shared by every other country on the planet–corruption in high places. The world is made to fret over the impending loss of the entire capitalist system by the overlords of the Western media, even though, the only loss for the common man will be the chains that bind him. Continue reading →
Ignorance is pervasive in America; it affects the rich as well as the poor, the powerful and the powerless, the famous as well as the obscure. It’s prevalent in the suites of our nation’s CEOs, the Congress, the military, and even our universities. It defines this nation. Continue reading →
Pope Benedict on Tuesday called for a “world political authority” to manage the global economy and for more government regulation of national economies to pull the world out of the current crisis and avoid a repeat. Continue reading →
There are things that happen in the world that are bad, and you want to do something about them. You have a just cause. But our culture is so war prone that we immediately jump from, “This is a good cause” to “This deserves a war.” Continue reading →
Our brand of capitalism relies on prolific consumerism as a means to globalization, where needs are created and where everything and everyone is for sale. We tend to sell the public various goods, services, people, politicians, Presidents, and even God for the right price. Continue reading →
I seldom become depressed, but when I consider that prosperity is created by “peace, easy taxes and a tolerable administration of justice” I really think that the U.S. and other Western governments are doing their very best to impoverish their countries. Continue reading →