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The Crime of Alleviating Poverty: A Local Community Currency Battles the Central Bank of Kenya

Ellen Brown reports on how former Peace Corps volunteer Will Ruddick and several residents of Bangladesh, Kenya, face a potential seven years in prison after developing a cost-effective way to alleviate poverty in Africa’s poorest slums... [read more]

Reinventing Banking: From Russia to Iceland to Ecuador

Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself... [read more]

Facebook May Pose a Greater Danger Than Wall Street

Payments can happen cheaply and easily without banks or credit card companies, as has already been demonstrated—not in the United States but in China.... [read more]

Exposing the Libyan Agenda: A Closer Look at Hillary’s Emails

Before 2011, Libya had achieved economic independence, with its own water, its own food, its own oil, its own money, and its own state-owned ban... [read more]

Greece: Alternatives to the Capitulation

On 5 July 2015 the Greek people overwhelmingly rejected the austerity measures imposed by the institutions that were known as the Troika... [read more]

Neoliberalism Has Met Its Match in China

When the Federal Reserve cut interest rates last week, commentators were asking why. According to official data, the economy was rebounding... [read more]

Quo Vadis, Venezuela?

Even if highly exaggerated in the western press, the economic and political crisis in Venezuela is real... [read more]

The Venezuela Myth Keeping Us From Transforming Our Economy

Modern Monetary Theory (MMT) is getting significant media attention these days, after Rep. Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the “Green New Deal.... [read more]

Hang On to Your Wallet: Negative Interest, the War on Cash and the $10 Trillion Bail-In

In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?... [read more]

How Obama Could Beat the Debt Ceiling and Go Out a Hero

The debt ceiling is an unconstitutional gimmick that violates the 14th amendment... [read more]

Sovereignty of Self-Governed Cities and Abolition of National States and Capitalism

The second in the series of articles by Steven Colatrella titled 21st Century Cosmopolis: Constitution for a Better World... [read more]

Martial Law and the Economy: Is Homeland Security Preparing for the Next Wall Street Collapse?

Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup, writes Ellen Brown... [read more]

The Banker who knows his Kapital

John Green translates and reflects on an interview with Edgar Most formerly of Deustche Bank and of the GDR State Bank, where he considers capitalism vs. socialism.... [read more]

The Secret to Funding a Green New Deal

As alarm bells sound over the advancing destruction of the environment, a variety of Green New Deal proposals have appeared in the U.S. and Europe... [read more]

The Greek Crisis and the Threat to the Euro

Can the EU afford to let Greece withdraw from the Eurozone? Socialist Appeal's Mick Brooks considers the significance of the Grek Crisis.... [read more]

Central Bank Digital Currencies: A Revolution in Banking?

Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies... [read more]

Would Scottish Independence Mean Economic Sovereignty?

Scottish voters will go to the polls on September 18th to decide whether Scotland should become an independent country... [read more]

A Civilisation based on self-governed cities and townships and universal access to citizenship

The first in the series of articles by Steven Colatrella titled 21st Century Cosmopolis: Constitution for a Better World... [read more]

Why Not Create A Scottish Pound and Adopt Investment Credit Economics to Scotland’s Benefit?

On 21 February I sent an email to the Government of Scotland, suggesting it would be an immense advantage to the “Yes” campaign for Scottish independence if the Scots adopted a policy of having their own currency when independent... [read more]

How to Pay for It All: An Option the Candidates Missed

The Democratic Party has clearly swung to the progressive left, with candidates in the first round of presidential debates coming up with one program after another to help the poor, the disadvantaged and the struggling middle class... [read more]

The Bankers’ “Power Revolution”: How the Government Got Shackled by Debt

The U.S. federal debt has more than doubled since the 2008 financial crisis, shooting up from $9.4 trillion in mid-2008 to over $22 trillion in April 2019... [read more]

Political commentators

Political commentators have long been puzzled by the fact that, right across the globe and for several decades, the political left has been in retreat and – more than that – has apparently been unable to mount any significant challenge to the growing neo-liberal hegemony which has dominated western democracies since the 1980s... [read more]

What is to be Done with the Banks? Radical Proposals for Radical Changes

Immediate measures for moving towards socialisation of the banking sector... [read more]

The Greek Coup: Liquidity as a Weapon of Coercion

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system... [read more]

Russell Brand and the Nixon inequality shock

Russell Brand's call for revolution reverberated with many beyond the underclass he referenced... [read more]

The Banks, Fragile Giants

Part 5 of Eric Toussaint's series Banks versus the People: the Underside of a Rigged Game shows that big banks continue playing with fire, because they are persuaded that governments will save them whenever necessary... [read more]

The Bank Guarantee That Bankrupted Ireland

The Irish have a long history of being tyrannized, exploited, and oppressed—from the forced conversion to Christianity in the Dark Ages, to slave trading of the natives in the 15th and 16th centuries, to the mid-nineteenth century “potato famine” that was really a holocaust... [read more]

How Independen​t Would An Independen​t Scotland Be?

Britain’s history of war and imperialism, and its current role as junior partner in service to US hegemony, has had a deleterious impact on British society at home, writes John Wight.... [read more]

Euro zone crisis: A Green alternative

We are watching economic injustice crush a nation before our eyes. On 20 March, Greece must meet the next tranche of debt repayments,says Alfie Stirling.... [read more]

Venezuela Creates Public Import-Export Company to Combat Capitalism

A new state-run import-export company will seek to redress regional trade imbalances in favour of Venezuela's economy, writes Kiraz Janicke.... [read more]

Banks Are Becoming Obsolete in China—Could the U.S. Be Next?

The U.S. credit card system siphons off excessive amounts of money from merchants. In a typical $100 credit card purchase, only $97.25 goes to the seller. The rest goes to banks and processors. But who can compete with Visa and MasterCard?... [read more]

Trump Takes on the Fed

The president has criticized Federal Reserve policy for undermining his attempts to build the economy. The best way to make the central bank serve the needs of the economy is to make it a public utility.... [read more]

How to Fund a Universal Basic Income Without Increasing Taxes or Inflation

A team of researchers at the University of Oxford published the results of a survey of the world’s best artificial intelligence experts, who predicted that there was a 50 percent chance of AI outperforming humans in all tasks within 45 years... [read more]

Why Donald Trump Is Right To Look East

The investment potential of the Russian economy offers good reasons why it is time for the West to take a more positive attitude towards the country. The President-elect might be doing everyone a favour in the long run, David Morgan argues.... [read more]

If Only...

Discontent among the uninformed tends toward unreasoned emotion. The educated dissentient is able and willing to identify the nature of a problem and articulate an indictment of the problem’s source.... [read more]

The left wing case for quitting the EU

Much of the left would agree that the European Union does not always function in the best interests of either the European or International working class... [read more]

“Guerrilla Warfare” Against the EU-ECB-IMF Economic Hegemony: The Challenge and Promise of Greece. The Nationalization of the Banking System

Greece could restore the liquidity desperately needed by its banks and economy by nationalizing the banks and issuing digital loans backed by government guarantees... [read more]

Modern Ukraine RIP (Born 1991- Died 2014)

Dr Tomasz Pierscionek explains how Ukraine, as it once was, no longer exists... [read more]

The Impunity Enjoyed by the Banks must Stop

The final part of the series by Eric Toussaint - The Banks and the “Too Big to Jail” Doctrine... [read more]

Extremism is prevailing in Eurozone Negotiations

The negotiations between the newly elected Greek Government and the other Eurozone states have been a battle between pragmatism and extremism... [read more]

Drug and Bank Lords

Part three of the series by Eric Toussaint: The banks and the “too big to jail” doctrine... [read more]

Education, Work and Cooperation: Abolition of the wages system, institutional hierarchy and bosses

The third in the series of articles by Steven Colatrella titled 21st Century Cosmopolis: Constitution for a Better World... [read more]

Goal Moscow

The USA wants to turn Ukraine into a permanent area of crisis, keeping it just off the boil of war. In this way Russia will feel threatened... [read more]

Scotland – Independently Great: an English view of the Scottish Referendum

While most of us are happy to trade, to buy products from other countries, to take part in what is now a “global community”, we want to do it on our own terms... [read more]

An Economic Policy For A Post Neo-Liberal World (Part 1 of 3)

Former Labour MP and member of the Shadow Cabinet, Bryan Gould, provides a road map for reviving Britain's ailing economy... [read more]

The End of Money

It’s Time to End Our Slavery to the Money-System declares Oliver Thompson ... [read more]

The ‘MENA’ region and the International Monetary Fund

Daniel Robicheau describes the lead up to the war in Syria and the involvement of the IMF... [read more]

If markets weren't masters and economics worked for people

The choice on the one hand is for people to be a resource for a rich economy. The choice on the other is for a rich economy to be a resource for society. Alfie Stirling explains... [read more]

Bye Bye, Dubai?

Mick Brooks looks at the unfolding crisis in Dubai, and its potential implications for the world economy. ... [read more]

The Economic Crisis and Poor Countries

Mick Brooks compares the 'boom and bust' economics of the past twenty years with similar patterns in the 1920s and 1930s: once again it is the poorer nations that stand to lose the most.... [read more]

The Fed's Dramatic About-Face

“Quantitative easing” was supposed to be an emergency measure, but the Federal Reserve is now taking a surprising new approach toward the policy.... [read more]

This Radical Plan to Fund the ‘Green New Deal’ Just Might Work

With what author and activist Naomi Klein calls “galloping momentum,” the “Green New Deal” promoted by Rep.-elect Alexandria Ocasio-Cortez, D-N.Y., appears to be forging a political pathway for solving all of the ills of society and the planet in one fell swoop... [read more]

Trumps War on the Fed

October was a brutal month for the stock market... [read more]

Gamblers Anonymous and Declared

Place your bets, ladies and gents. Spin the wheel, round and round she goes and where she stops, nobody knows.... [read more]

Central Banks Have Gone Rogue, Putting Us All At Risk

Central bankers are now aggressively playing the stock market. To say they are buying up the planet may be an exaggeration, but they could. They can create money at will, and they have declared their independence from government. They have become rogue players in a game of their own.... [read more]

How Uncle Sam Launders Marijuana Money

In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits.... [read more]

Trump, North Korea, Iran. Some Facts and “the instinct to attack.”

“What difference does it make to the dead, the orphans and the homeless, whether the mad destruction is wrought under the name of totalitarianism or in the holy name of liberty or democracy?” (Mahatma Gandi, 1869-1948)... [read more]

North Korea: A Threat Or A Victim? Some Facts

If anyone is still wondering why North Korea was being “provocative” in missile tests and repeatedly declaring what would seem to be a daunting arsenal (although there is still no irrefutable, concrete proof of deliverable, long range nuclear weapons capability) here is just a small taste of what it’s southern neighbor, in cahoots with Godfather America, has planned... [read more]

How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders

During his visit to hurricane-stricken Puerto Rico, President Donald Trump shocked the bond market when he told Geraldo Rivera of Fox News that he was going to wipe out the island’s bond debt.... [read more]

Not Feeling But Falling

With extraordinary candour Theresa May has admitted that the case for the free market is not the given she believed it to be... [read more]

How to defeat war-mongering America

The recent actions by Trump are a futile attempt to regain the waning global influence of American imperialist hegemony... [read more]

Trump and the left – a case of mass hysteria?

The stark truth is that the left has long ago lost its way politically. Sadly those left fractions, whose kneejerk political solution is to organise an obligatory protest action where slogans, such as “Dump Trump”, are chanted ad nauseum, have become an obstacle to the advance of socialism... [read more]

The Health Of Humanity Post 2016

So here we are a year on. And what a year it’s been.... [read more]

The Italian Banking Crisis: No Free Lunch—or Is There?

It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone... [read more]

More Equal Than Others

Our society thrives on inequality, insofar as it thrives at all... [read more]

Business As Unusual

We need more people to throw down their swords and raise their voices with the healing words of true democracy... [read more]

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

Exposing tax dodgers is a worthy endeavor, but the “limited hangout” of the Panama Papers may have less noble ends... [read more]

A True Defence of European Ideals Demands Opposition to the Corrupted Power Alliance of the EU

Washington is eagerly awaiting the result of the British referendum on the European Union and is openly seeking to influence the vote... [read more]

Ukraine, the price of survival: from civilian aircraft to attack drones

The Ukrainian aviation conglomerate Antonov was more than an industry; it was a legend... [read more]

The Populist Revolution: Bernie and Beyond

The world is undergoing a populist revival. From the revolt against austerity led by Syriza to Jeremy Corbyn’s surprise victory as Labour leader... [read more]

Illegal Slaughter – Cameron’s Syria Equals Blair’s Iraq?

A recent ITV poll showed 89.32% of British people are against bombing Syria... [read more]

Quantitative Easing for People: The UK Labour Frontrunner's Controversial Proposal

British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time... [read more]

Trumping the Federal Debt Without Playing the Default Card

The government can reduce the debt by buying it – and ripping it up... [read more]

The Douma Market Attack: a Fabricated Pretext for Intervention?

Eric Draitser raises important questions about the recent attack on a market in the Syrian town of Douma and highlights gaps in the official narrative of events... [read more]

Grexit or Jubilee? How Greek Debt Can Be Annulled

The crushing Greek debt could be canceled the way it was made – by sleight of hand... [read more]

Derailing Amtrak

Tracking the Latest Disaster in the Infrastructure Crisis... [read more]

How America Became an Oligarchy

According to a new study from Princeton University, American democracy no longer exists... [read more]

Penrose Inquiry: “Bad Blood”, biological terrorism and cover-up under a failed western democracy

The Penrose Inquiry, the public inquiry into the circumstances in which patients treated by the NHS in Scotland became infected with Hepatitis C, HIV, or both, through the use of blood or blood products published its Final Report on Wednesday, 25 March 2015... [read more]

The ECB’s Noose Around Greece

Remember when Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks?... [read more]

Economic Policies for an Incoming Labour Government (Part 6 of 9)

The No-Cost Keynesian Stimulation of Demand in the Economy ... [read more]

Uday Al-Zaidy: The Face of Liberated Iraq

On 10th January the Brussells Tribunal circulated, internationally, an urgent Appeal for the release of the prominent Iraqi journalist and human rights campaigner Mr Uday Al-Zaidy... [read more]

To pay or not to pay?

Joseph Stiglitz shows that a suspension of debt repayments can be beneficial for a country and its people... [read more]

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken... [read more]

The Big Banks Organise Massive Tax Evasion on an International Scale

Part 7 of Eric Toussaint's series 'The banks and the “Too Big to Jail” doctrine'... [read more]

Genocide in Gaza – The Silence of the Jewellery Industry is Deafening and Telling

The horrific carnage we have seen unleashed in Gaza in recent weeks - a humanitarian catastrophe - would not have been politically or economically affordable without the tacit acquiescence of the global jewellery industry... [read more]

Banks: Fudged health report

The final part of the series by Eric Toussaint - Banks versus the People: the Underside of a Rigged Game!... [read more]

What can we do with what Thomas Piketty teaches us about capital in the twenty-first century? (Part 2 of 2)

Part 2 of Eric Toussaint's review of Thomas Piketty book Capital in the Twenty-First Century... [read more]

The Many Major Uses of Investment Credit Creation: A brief walk through the observed results so far, and the future possibilities made available through Shimomuran Economics

Money is the measure of all things and personal wealth sets the boundaries of what the individual and his or her family can afford... [read more]

Western Economic Decline Exists Because Western Economists And Politicians Have Ignored Shimomuran Economics. How Long Will the West lag behind?

The second most important economist of the 20th century (after John Maynard Keynes) was Dr Osamu Shimomura, the “Father of the Japanese Economic Miracle” ... [read more]

The Different Sources of Unemployment, and the Economic Remedy for Each of These

Unemployment is a complex phenomenon. The ultimate roots of all large-scale unemployment is the lack of an adequate economic understanding by a country’s professional economic advisors and its politicians... [read more]

A journey into the vice-ridden world of banking

The primary objective of the world’s leaders is to avoid another banking and financial crash that could be worse than the one in September 2008... [read more]

Making the World Safe for Banksters: Syria in the Cross-hairs

In an August 2013, journalist Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street ans US Treasury officials to open banking to the lucrative derivatives business... [read more]

The Public Debt of Japan and China – Funded by Investment Credit Creation or by Foreign Borrowing?

Economist George Tait Edwards puts paid to rumours of impending financial crises in Japan and China... [read more]

Ensuring Scottish sovereignty

Ellen Brown discusses options for economic development in a future independent Scotland... [read more]

The teratoid of US foreign policy

Since the United States Declaration of Independence in 1776, the US has struggled with its foreign policy and its perceived role within global politics. Finn Bowen discusses the past, present and future of US foreign policy... [read more]

The internet- Plutocracy's Achilles' Heel?

Ironically Capitialism's well founded fear of unfettered public access to matters of vital importance stems from the advent of the internet, writes Jim Handley... [read more]

Independence In The Pocket Of The US: "Mera Pyara Bharat" ("I Love My India?")

With a population of 1.2bn people, many believe that India is the arena where the future direction of humanity is being played out. However, the future of humanity may not be determined in India, but by events in a much smaller country – Syria, writes Colin Todhunter. ... [read more]

Off the Agenda: The Unresolved Question of Egypt's Economy

A new Egypt demands a new constitution and president. Many pressing questions also need to be addressed, including the religious-secular divide, the value of Sharia in the making of law, citizenship, minority rights, the rule of civil society, foreign policy, and much more, says Ramzy Baroud.... [read more]

Hollywood is a place where they'll pay you a thousand dollars for a kiss and fifty cents for your soul

In an exclusive for the London Progressive Journal, writer and former actor John Wight reflects on his years in Hollywood and shines a spotlight on the ‘glamour’ of life in the movie industry... [read more]

An outRageous! essay on The Arts, Education and The People.

This rant is aimed at your crassness, Cameron. It goes to the heart of what is art, and why it's so important in preparing people for democracy, says outRageous!... [read more]

A new year

The London Progressive Journal gives its take on current events in the latest fortnightly editorial... [read more]

The call for a UK amendment on the EU

There is a rising tide of Euroscepticism within mainstream political parties and on the floors of national Parliaments throughout the European Union, says David Lindsay.... [read more]

The War on Libya: Behind Appearances - Part 3

An in-depth critique and analysis of the beginnings of the civil war in Libya and what was at stake for all parties involved in the final conflict, split into three parts. (Part 3)... [read more]

Out of the Ashes

Now is the time to start planning for a new economy, not dependent on growth. ... [read more]

The ruling class policy toward its soldiers - Use Once and Throw Away

Dr Tomasz Pierscionek describes the treatment of war veterans, from the Vietnam era to those returning from present day conflicts, and highlights the continual deceit war-mongering governments use to deceive the public. The real enemies are not foreign but domestic.... [read more]

From Tiananmen Square to Tahrir Square

Steven Colatrella on the nature of uprisings against the state in the wake of revolution in Tunisia and Egypt.... [read more]

End of Recession is Imminent Says Venezuela’s Planning Minister

Venezuela's Planning and Finance Minister has announced a positive forecast for the country's economy, as James Suggett reports.... [read more]

Thatcherism Phase Two

The UK's 'progressive coalition' is implementing a neo-Thatcherite revolution, a war against the poor, writes Richie Nimmo.... [read more]

Israel’s Premeditated Murder of Activists Was No Mistake

Ahmed Amr says the Israeli massacre of activists was a cynical and calculated act.... [read more]

International Banking – A System Ruled by Stupidity and Fraud

Reflecting on the fraud allegations against Goldman Sachs, Mick Brooks argues that only full nationalisation can provide proper accountability for the banking system.... [read more]

ALBA Summit in Venezuela vows to fight Climate Change with System Change

Kiraz Janicke reports on a Latin American summit which has articulated a regional commitment to radical social change.... [read more]

Fighting Corruption or Persecuting Political Opponents in Venezuela? A Response to the New York Times

James Suggett picks apart the New York Times' claims about alleged political persecution in Chavez's Venezuela.... [read more]

The Greeks are Fighting for Us All

The Greek crisis is merely the first stage of a wider global backlash against neoliberal economics, argues Steven Colatrella.... [read more]

Venezuela and Argentina Increase Cooperation in Gas, Agriculture, and Finance

James Suggett on the latest Venezuelan-led initiative to further economic cooperation between Latin American states.... [read more]

Who's the Boss?

After a tumultuous few weeks in Israeli politics, Uri Avnery examines the worrying rhetoric emanating from the new administration.... [read more]

Venezuela’s Chávez Declares Support for Obama’s Nuclear Disarmament Pledge

James Suggett on the Venezuelan president's declaration of support for a worldwide disarmament campaign.... [read more]

Twenty-Five Years On

John Haylett looks back on the struggle which defined the politics of a decade and paved the way for the rise of New Labour.... [read more]

Zimbabwe: Why the International Community Must Intervene

Examining the legal framework of humanitarian intervention, Alexa Van Sickle calls on the international community to act now to prevent a humanitarian tragedy in Zimbabwe.... [read more]

Roses Are Red, Violets are Violet: The British Red Rose Revolution

A campaign advertisement form the British Red Rose movement.... [read more]

World Capitalism Looks Into the Abyss

Socialist Appeal's Terry McPartlan on how the present economic crisis could enhance class consciousnous and provide the impetus for far-reaching social change.... [read more]

Venezuela Advances Integration and Shares New Satellite with Ecuador

James Suggett on the latest development in the ongoing Venezuelan-led initiative for greater Latin American integration in the face of the world economic crisis.... [read more]

Top Economic Strategist Warns of ‘Catastrophe and Revolution’

Rob Sewell on how the financial press is interpreting the economic crisis.... [read more]

£50bn Bail-out Will Not Stop the Rot

Socialist Appeal's Mick Brooks on the UK government's financial bail-out package.... [read more]

Why the Russian Invasion of Georgia is a Blessing for Misguided US Foreign Policy

Professor William Hickey on why the Georgia crisis has highlighted the cynically self-serving basis of US foreign policy.... [read more]

Shadow Networks: Violence, War and Plunder in the Great Lakes Region of Africa

Colonial rivalry and capitalist exploitation are at the heart of the violence in the Congo.... [read more]