Recently, the news hit social media that comedian and actor Russell Brand is embracing cryptocurrency. Well known for his political activism, Brand has now teamed up with Max Keiser, host of a popular financial program on RT to help fund his ideas for changing the world.
Once upon a time, the famous criminal Willie Sutton was asked why he robbed banks, and his response was simple, eloquent, and humorous: “Because that’s where the money is.” Well, soon that adage may be proven untrue. What exactly is the meaning of legal tender? In order to place money in its proper perspective, examine what the U.S. Treasury says.
It’s very reassuring that more people are slowly learning how our monetary system really works: if you want to fix something, you need to know a bit about it. The indefatigable Ellen Brown has been hugely helpful in this regard with her regular well-informed and easy-to-read articles that relentlessly confront the myths of capitalist monetary theory.
Wealth is on a skyward sprint—to meaninglessness. How good was Sartre with a buck? We’ll soon find out as the entirety of the planet’s wealth is headed for the very deep pocket of the top 0.000000000142857143%. (Odds of winning? 1 in 7 billion.) In short, we’re converging on the Omega Man Wealth Syndrome where one tight bastard will own everything.
Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
Comrades all:
We have all lived through intense and exciting moments in the last few days.
In this very month of December we successfully held the Fifth CARICOM-Cuba Summit. Last Sunday we held the Thirteenth Summit of the Bolivarian Alliance for the Peoples of Our America and, on that occasion, we paid a well-deserved tribute to their founders: our close friend and Bolivarian President, Hugo Chávez Frías, and the Commander of the Cuban Revolution, Comrade Fidel Castro Ruz.
The world is still hell-bent for hydrocarbon-based energy. Russia is one of the world’s largest producer of energy. Russia has recently announced that in the future she will no longer trade energy in US dollars, but in rubles and currencies of the trading partners. In fact, this rule will apply to all trading. Russia and China are detaching their economies from that of the western financial system.
The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend.
A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds.
Scottish voters will go to the polls on September 18th to decide whether Scotland should become an independent country. As video blogger Ian R. Crane colorfully puts the issues and possibilities:
