IMF

At the Left Forum, Fight Imperialism Stand Together (FIST) took part in a debate with other socialist organizations on the character anti-imperialist struggle must take in this period. This debate is central to the overall struggle for liberation in a period where imperialism’s destruction is more than evident throughout the planet. FIST remains firm in asserting that the primary role of revolutionaries in the US is to defend and fight for the self-determination of oppressed nations.

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of The Bubble and Beyond (2012), Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971).
*****

[audio mp3="http://www.corbettreport.com/mp3/2015-06-04%20FS.mp3"][/audio]In this week's edition of Financial Survival, Alfred and James tackle criminals and security in the cashless economy, the IMF and China, and how China is actually going to use their tens of thousands of tons of undeclared gold holdings.

We will have a very strong (military) presence, very strong continued posture throughout the region to back our commitments to our allies, to protect and work with our partners and to continue ensuring peace and stability in the region, as well as back our diplomacy vis-à-vis China on the South China Sea.
— David Shear, US Department of Defense’s Assistant Secretary for Asian and Pacific Security Affairs

Here in the US, we have been led to believe that we are an exceptional people and the indispensable nation. During our lifetime we have been exposed to lots of myths about the US, particularly about how we are always on the side of good. Below are insider comments challenging this key myth.

RT | May 12, 2015 Greece has been invited by Russia to become the sixth member of the BRICS New Development Bank (NDB). The $100 billion NDB is expected to compete with Western dominance and become one of the key lending institutions. The invitation was made by Russian Deputy Finance Minister Sergey Storchak on Monday […]

By COLIN TODHUNTER | CounterPunch | April 3, 2015 Prior to last year’s national elections in India, there were calls for a Thatcherite revolution to fast-track the country towards privatisation and neo-liberalism. Under successive Thatcher-led governments in the eighties, however, inequalities skyrocketed in Britain and economic growth was no better than in the seventies. Traditional manufacturing was decimated […]

When the banking system becomes too big to bail, the moral hazard trade that started it all becomes systemic “immoral hazard”—an extortion racket aided and abetted by the very politicians elected to serve our interests. When that trade takes place in a set of institutions that is incapable of resolving the crisis it faces, the result is permanent austerity.
The post Eurozone Minister Comes Clean About Austerity appeared first on BSNEWS.

Slaying the Euro monitaur is not easy. Greeks have been suffering for years now, having learned the hard way that prosperity with shiny euros in their hands was not miraculously just waiting around the corner.