Video: An Explanation of Geithner’s Bailout Plan

The plan encourages and enables banks to fraudulently buy toxic assets from their selves at a price of their choice with Treasury/Fed money.

MSM: Up to 20,000 jobs will go as RBS chief prepares to sell off unwanted assets

Royal Bank of Scotland will embark this week on a radical plan to split itself in two as it cuts tens of thousands of staff across the globe and confirms the biggest annual loss in British corporate history.

The Looming Collapse of European Banking

The banking system of Europe is at the edge of the abyss. A brief story by The Telegraph revealed this last week. The original was almost immediately deleted. A new version was substituted.

Video: Jim Rogers – Bloomberg Interview

Interview with Jim Rogers February 11, 2009 on Bloomberg.

Video: Two years recession, or ten years of hell?

William Engdahl: US economy has been hollowed out over the last 15 years and the debt load is staggering

Obama: Regime Rotation

The arrival of the Obama administration will not fundamentally alter the course of military expansion accelerated during the Bush era. The origins of these policies do not lie uniquely in neoconservative ideology. While the election of President Obama may offer new opportunities for progressive forces to delimit the damage, their space for movement will ultimately be constrained by deep-seated structural pressures that will attempt to exploit Obama to rehabilitate American imperial hegemony, rather than transform it.