(RevoltOfThePlebs) – If you look beyond the barebacked illegal alien scaling a barbed wire fence, you’ll discover a trail of dead that leads all the way back to Mexico City. There you’ll find President Felipe Calderon—chillin’ like a villain—with a motley wrecking crew of CIA operatives, Latin American drug lords and an assortment of corporate henchmen from such infamous organizations as Halliburton, DynCorp and SYColeman. Look beyond them, and you’ll discover a trail of cash that leads all the way back to Wall Street and Washington D.C.
Mexico is going through some big changes, but not the kinds of changes contained in any of Calderon’s political speeches. The Mexican President is working off blueprints drafted by the Anglo-American establishment. By the time they’re through, you won’t recognize the place. It may not become a suitable place to live, but it will certainly be a plunder friendly environment for rich carpetbaggers (the people Obama likes to call “The Titan’s of Industry”) intent on exploiting all of Mexico’s vast natural resources. But—of course—you can’t make an omelet without breaking a few eggs, and that’s precisely what Calderon and his staff of short order cooks are frying up in Hell’s kitchen. Continue reading →
Alex talks with economist Paul Craig Roberts about his article, The Year America Dissolved. Roberts served as an Assistant Secretary of the Treasury in the Reagan Administration and is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. His articles appear widely across the alternative media. Dr. Roberts’ latest book is How the Economy Was Lost: The War of the Worlds. Continue reading →
(OregonLive) – Oregon budget stands at precarious crossroad
Oregon government stands at the edge of a financial chasm as precarious as any in its 151-year history, hemmed in by the global recession, questionable spending decisions and a budget-draining combo of skyrocketing expenses and sluggish growth. Read More Here
Anyone with a lick of common sense will tell you that when you are in a hole, you need to quit digging. Continuing to dig will only create a larger problem. Do schools teach this?
Even President Obama’s national debt commission recently told him that his continuing spending orgy is digging America into a gigantic fiscal hole. Read More Here
(DailyBell) – Ellen Brown on Debt Money, Why Money is Collapsing and Why Central Banks Need Adult Supervision – Read More Here
(AJC) – Research firm: 5,200 restaurants closed in the U.S. this spring – Read More Here
(Telegraph) – Obama signs a bill that lets banks have US over a barrel once more
Last week, President Obama signed into law the Dodd-Frank Wall Street Reform bill – hailed as the most sweeping overhaul of US financial regulation since the 1930s. Read More Here
(RussiaToday) – Video: Keiser Report №61 – Markets! Finance! Scandal!
This time Max Keiser and co-host, Stacy Herbert, look at the latest scandals of deficit fraud, Hank Paulson’s love of financial reform and the RIAA’s very low return bullying. In the second half of the show, Max talks to Ben Davies of Hinde Capital about the BIS gold swaps and more. – Video Link Here
(RealNews) – Video: PLUNDER – THE CRIME OF OUR TIME
Danny Schechter on the financial crisis and Wall Street as a crime narrative Continue reading →
(DemocracyNow) – While Goldman Sachs agreed to pay $550 million to resolve a civil fraud lawsuit filed by the SEC, Goldman has not been held accountable for many of its other questionable investment practices. A new article in Harper’s Magazine examines the role Goldman played in the food crisis of 2008 when the ranks of the world’s hungry increased by 250 million. We speak to Harper’s contributing editor Frederick Kaufman. Video Link Here
(Excavator) – It is obvious to every human being in the world that something is wrong in America, where the fate of a sports star is given prime-time attention on national television, while the fate of criminal bankers on Wall Street goes unreported, unmentioned, undecided. If John F. Kennedy was alive he would probably tell Americans: Ask not what Lebron James can do for your city’s basketball team; ask what Wall Street has done to your city’s dreams and hopes. Continue reading →
(AlterNet) – Too-big-to-fail is a much bigger problem than you thought. We’ve all read damning accounts of the government saving banks from their risky subprime bets, but it turns out that the Wall Street privilege problem is far more deeply ingrained in the U.S. legal system than the simple bailouts witnessed in 2008. America’s largest banks can engage in flagrantly criminal activity on a massive scale and emerge almost completely unscathed. The latest sickening example comes from Wachovia Bank: Accused of laundering $380 billion in Mexican drug cartel money, the financial behemoth is expected to emerge with nothing more than a slap on the wrist thanks to an official government policy which protects megabanks from criminal charges. Continue reading →
(ActivistPost) – Several recent headlines indicate that food prices will continue their swift climb upward. These troubling new reports show that agriculture production and stored grains are critically low and experts are now predicting food shortages.
Look at a few of today’s mainstream headlines: Drought threatens global rice supply in the India Times; VA farmers say heat taking toll on crops, Associated Press; Severe food shortage follows lack of rainfall in Syria; and, finally, Corn prices bolt as USDA downsizes crop estimates, which states that, “Commodity professionals were caught off guard Wednesday by a U.S. Department of Agriculture report showing 1 million fewer acres of corn planted this year than earlier projected, and almost 300 million fewer bushels of corn in storage.” And these articles don’t begin to address crops being damaged by the toxic rain from the Gulf oil disaster. Read More Here