The Credit Market Is Manipulated Giant American banks said they had to be bailed out or else the American economy would crash. It wasn’t just the $700 billion “Tarp” bailout in 2008. In reality, a large portion of the big banks’ profitscome from taxpayer bailouts and subsidies (see this, this and this). At the same time, the big banks have sat on the money the government threw at them – with …
Ramzy Baroud – War Begets War Refugees: the Moral Bankruptcy of Italy and NATO
On April 26, 2011, a meeting that can only be described as sinister took place between the then Italian Prime Minister, Silvio Berlusconi, and French President, Nicolas Sarkozy. The most pressing issue discussed at the meeting in Rome was how to deal with African immigrants. Sarkozy, who was under pressure from his right-wing and far-right constituencies to halt immigration originating from North …
Deirdre Fulton – Beppe: Nationalize Banks to Throw Off ‘Anti-Democratic Straitjacket’of Eurozone
Longtime critic of the Eurozone’s destructive commitment to austerity, Italian comedian-turned-political activist Beppe Grillo has launched what one news outlet called a “full-throated attack” on the single currency, saying his country should throw off that “anti-democratic straitjacket” by nationalizing its banks and taking a stronger stance against the demands of elite financial interests. Grillo, who the Guardian says “transformed Italian …