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| Food sovereignty in Africa: The peoples alternative |
| 19.07.10 20:19 |
Economics |
| The different explanations given for Africa’s current food crisis seem to miss the real causes of the problem. Mamadou Goita does not believe that the crisis is of an economic nature. Rather, it is the endpoint of the dismantling of Africa’s agricultural sector and its linking to the international market and brutal liberalism. Based on an analysis of the political choices that have contributed to the current situation, notably the structural adjustment programmes of the 1980s, Goita proposes solutions and decisions that need to be taken to achieve food sovereignty in Africa. |
| Mamadou Goita |
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| The Inflationary Depression |
| 10.02.10 21:23 |
Economics |
| The inflationary depression still dominates and probably will continue to do so. In time the stimulus will fail to work and the world will slip into total insolvency and deflationary depression. The old M3 is about 3%, but we still have $23.7 trillion floating around. Not only is the US bankrupt, but also so is the rest of the world. It is now only a question of when the dominos will fall. It looks like the first wave in the collapse of the bear market rally is underway. Bonds will follow with higher interest rates and eventually commodities will be hit. Only gold and silver will survive, as the bankers and Wall Street complete their destruction of the world economy. |
| Bob Chapman |
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| Welcome to 2025 |
| 27.10.09 17:44 |
Economics |
| Memo to the United States Central Intelligence Agency: You may not be prepared for time-travel, but welcome to 2025 anyway. Your rooms may be a little small, your ability to demand better accommodation may have gone out the window, and the amenities may not be to your taste, but get used to it. It′s going to be your reality from now on. |
| Michael T Klare |
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| Financial Machinations: The Global Debt Crisis is Destroying the Economic Structure |
| 24.10.09 16:32 |
Economics |
| Last week the Dow added 1.3%, the S&P 1.5%, the Russell 2000, 0.2% and the Nasdaq 100, 0.7%. Cyclicals rose 2.6%; transports 3.8%; consumers 1.7%; utilities 1.3%, as banks fell 0.3% and broker/dealers fell 0.6%. High tech fell 0.2% semis 1.1%; bitoechs 1.9% and Internets rose 0.2%. Gold bullion rose $3.00 and the HUI was unchanged, but up 47.5% on the year. The USDX, the dollar index fell 1.1% to 75.62. |
| Bob Chapman |
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| The Financial New World Order: Towards a Global Currency and World Government |
| 07.04.09 14:51 |
Economics |
| Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF′s power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”[1] |
| Andrew G. Marshall |
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| Greenspan the Goat |
| 17.03.09 16:17 |
Economics |
| Many institutions have been blamed for our current economic woes. But one person, the long-time former chairman of the Federal Reserve, bears primary responsibility. |
| Walter Cadette |
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| Bubble Economy 2.0: The Financial Recovery Plan from Hell |
| 12.02.09 16:38 |
Economics |
| Martin Wolf started off his Financial Times column today (February 11) with the bold question: “Has Barack Obama’s presidency already failed?”[1] The stock market had a similar opinion, plunging 382 points. Having promised “change,” Mr. Obama is giving us more Clinton-Bush via Robert Rubin’s protégé, Tim Geithner. Tuesday’s $2.5 trillion Financial Stabilization Plan to re-inflate the Bubble Economy is basically an extension of the Bush-Paulson giveaway – yet more Rubinomics for financial insiders in the emerging Wall Street trusts. |
| Michael Hudson |
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| Be careful what you wish for |
| 23.01.09 15:23 |
Economics |
| Only yesterday, it seems, we were bemoaning the high price of oil. Under the headline "Oil's Rapid Rise Stirs Talk of $200 a Barrel This Year", the July 7 issue of the Wall Street Journal warned that prices that high would put "extreme strains on large sectors of the US economy". Today, oil, at around US$40 a barrel, costs less than one-third what it did in July, and some economists have predicted that it could fall as low as $25 a barrel in 2009. |
| Michael T Klare |
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| The Wall Street Ponzi Scheme called Fractional Reserve Banking |
| 03.01.09 16:48 |
Economics |
| Bernie Madoff showed us how it was done: you induce many investors to invest their money, promising steady above-market returns; and you deliver – at least on paper. When your clients check their accounts, they see that their investments have indeed increased by the promised amount. Anyone who opts to pull out of the game is paid promptly and in full. You can afford to pay because most players stay in, and new players are constantly coming in to replace those who drop out. The players who drop out are simply paid with the money coming in from new recruits. The scheme works until the market turns and many players want their money back at once. Then it’s game over: you have to admit that you don’t have the funds, and you are probably looking at jail time. |
| Ellen Brown |
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| The Shadow Money Lenders: The Real Significance of The Fed’s Zero-Interest-Rate Policy (ZIRP) |
| 30.12.08 21:20 |
Economics |
| The disinformation by the global financial dailies in the last twelve months as to the cause of the global financial tsunami, serve the same purpose as the global mass media when they perpetuated the lies that lulled the people to support the war criminals Bush, Blair and Howard to launch the barbaric war against Iraq and Afghanistan which resulted in the genocide of millions, the mutilation of hundreds of thousands, physically and psychologically, and the devastation of an entire nation. |
| Matthias Chang |
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