Paul Singer, known as The Vulture, won a $4.65 billion payment from Argentina — nearly ONE HUNDRED TIMES his “investment” of $50 million in old Argentina bonds. It was, in finance speak, the most successful “vulture attack” ever.
During the 2015 Canadian federal election campaign, Liberal leader Justin Trudeau, now Prime Minister, promised to borrow money (at interest) to pay for $60 billion in new infrastructure investments, as opposed to the NDP’s plan to balance the budget in their first year. It was, and remains, a false frame of having to stay in […]
Soon after Columbus launched his business enterprise on the pristine beaches of the New World, each native discovered there above the age of puberty was required to remit a “hawk’s bell’s worth” of gold dust to the Spaniards every two weeks. The hands of all those failing to do so were cut off and strung about their necks – so that they bled to death, thus motivating the compliance of others.
The post How Debt Conquered America appeared first on BSNEWS.
Back in September True Publica published an article “Grand Theft Auto – UK and EU Bank Depositor Bail-In Regime Implemented” which described how banks throughout the EU would simply steal your deposits if any of them failed.
Mark Weisbrot, a co-director with Dean Baker of the Center for Economic and Policy Research (CEPR), has written an enlightening book that pulls together many of the analyses that CEPR has been producing over the past several decades.
The IMF is the leading international monetary agency whose public purpose is to maintain the stability of the global financial system through loans linked to proposals designed to enhance economic recovery and growth.
In fact, the IMF has been under the control of the US and Western European states and its policies have been designed to further the expansion, domination and profits of their leading multi-national corporations and financial institutions.
Money creation programmes usually increase inequality and household debt. But there is an alternative, writes Fran Boait of campaigning organisation Positive Money
In 1885, the Knights of Labor organized a successful strike against Jay Gould’s Missouri Pacific Railroad. In response to the strike, Gould famously growled, “I can hire half the working class to kill the other half.”
Nathan Schneider investigates how transforming the financial system could shift the way debts are formed and dealt with; from a system where the chief reason to lend is for profit, to one where the wellbeing of both parties takes priority
Here I go again – the at-will piece of human detritus that I am, according to Oregon’s great employers, twice now, non-profits, sacking me because I pushed the state’s vocational rehabilitation careerists outside their pathetic Little Eichmann lives by pushing for my clients – adults with developmental-intellectual-psychological disabilities – to get as much out of the state’s bureaucracies that are filled with middling folk who do not give a shit about people.
