debt

Greece: Exit Polls Indicate Big Win for Syriza

Because we can't forget about Greece!The latest and a relink.The Latest!-Exit polls signal big Syriza win

 The polls indicate that Syriza took between 36% and 38% of the total vote, with the ruling New Democracy party a distant second with 26%-28%.

It is unclear whether Syriza has enough votes to govern the country alone. Syriza's Alexis Tsipras has pledged to renegotiate Greece's debt arrangement with international creditors.

A Tax Dedicated to the “American Dream”

Nothing is more central to the American Dream than equality of opportunity. In today’s world, that usually means a college education—and, for most families, the challenge of paying for it. Congress could help meet that challenge. It could pass a financial transaction tax (FTT), and dedicate the proceeds to providing equal opportunity for college.

Financial Market Manipulation Is the New Trend: Can It Continue?

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.

Brazil: President Rousseff Declares War on the Working Class

The Brazilian working class is facing the most savage assault on its living standards in over a decade. And it is not just the industrial workers who are under attack. The landless rural workers, public and private salaried employees, teachers and health professionals, the unemployed and the poor are facing massive cuts in income, jobs and welfare payments.

Banksters: Global Haircuts= Global Plunder. Legalizing the theft of your savings.

It's coming. I told you all about it back in 2013.Remember Cyprus? Remember no more bailouts?Just bail ins or "haircuts" Fresh labels don't change the agenda.And the Agenda is stealing your money, my money, everybody's money.Or, if you prefer, the scum at the top will suck up all the money from below. It will all be made nice and legal because the bankster scum is busily making new laws to loot, rob, pillage and plunder your savings.The stench of bankster thievery was entrenched in the 2013 Canadian budget. Readers were informed at that time, this was not limited to Canada.

Why Do Banks Want Our Deposits? Hint: It’s Not to Make Loans

Many authorities have said it: banks do not lend their deposits. They create the money they lend on their books.
Robert B. Anderson, Treasury Secretary under Eisenhower, said it in 1959:

When a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposits; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.