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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]

Swimming With Sharks: Goldman Sachs, Schools and Capital Appreciation Bonds

Remember when Goldman Sachs – dubbed by Matt Taibbi the Vampire Squid – sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up?... [read more]

The Devil’s Playground

The very concept of work, and its application in society, is controlled by those whose policies have been sent straight from hell. outRageous! explains... [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 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]

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]

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]

The European Central Bank’s true priorities

Part 7 in a series of articles by Eric Toussaint - Governments submit to “Too Big to Fail” banks ... [read more]

Banks versus the People: The Underside of a Rigged Game! (Part 2)

The European Central Bank and the Federal Reserve are at the service of the major private banks... [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]

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]

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]

“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]

Governments submit to “Too Big to Fail” banks (part 1)

Since 2007, the major Central Banks of the most industrialised countries have lent massively to private banks at very low interest rates in order to avoid their failure... [read more]

Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s only state-owned bank, is more profitable than Goldman Sachs Group... [read more]

Banks and the New “Too Big to Jail” Doctrine

Part 1 of the series 'Banks and the new “too big to jail” doctrine' by Eric Toussaint... [read more]

An economy ruled by the mob

It is not easy for any of us to get our heads around the complexities of modern economics. Many capitalists themselves and certainly most politicians no longer understand how the system really works... [read more]

The Mockery of Banking Discipline

Part 7 of Eric Toussaint series, Banks versus the People: the Underside of a Rigged Game... [read more]

Bankocracy: from the Venetian Republic to Mario Draghi and Goldman Sachs

From the 12th century to the beginning of the 14th, the Knights Templar, present in much of Europe, had become the bankers for the powerful and had taken part in the financing of several crusades... [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]

If you think we're done with neoliberalism, think again

The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches, writes George Monbiot.... [read more]

US War Agenda: Coke or Goldman Sachs, What's Your Poison?

Colin Todhunter asks who in their right mind would be prepared to fight and die for Shell, Chevron or Coca Cola?... [read more]

A Monstrous Proposal

Extending transparency laws to the private sector would make the likes of News International think twice before misbehaving, writes George Monbiot.... [read more]

The Working Class Must Not be Left to Pay for Wall Street Mess

Socialist Appeal's Walter Leon on the far-reaching implications of the financial crisis. ... [read more]

Central Bankers' Desperate Grab for Power

Central bankers are out of ammunition. Mark Carney, the soon-to-be-retiring head of the Bank of England, admitted as much in a speech at the annual meeting of central bankers... [read more]

The Public Banking Revolution Is Upon Us

As public banking gains momentum across the country, policymakers in California and Washington state are vying to form the nation’s second state-owned bank, following in the footsteps of the highly successful Bank of North Dakota, founded in 1919.... [read more]

Student Debt Slavery II: Time to Level the Playing Field

The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away.... [read more]

Regulation Is Killing Community Banks – Public Banks Can Revive Them

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.... [read more]

If China Can Fund infrastructure with Its Own Credit, So Can We

While American politicians debate endlessly over how to finance the needed fixes and which ones to implement, the Chinese have managed to fund massive infrastructure projects all across their country, including 12,000 miles of high-speed rail built just in the last decade... [read more]

What a State-Owned Bank Can Do for New Jersey

Having a cheap and ready credit line with the state’s own bank can have similar benefits for New Jersey and other states... [read more]

“We’ll Look at Everything:” More Thoughts on Trump’s $1 Trillion Infrastructure Plan

The Trump agenda, it seems, is not set in stone. The president-elect has a range of advisors with as many ideas... [read more]

Funding California Schools: Proposition 51 Versus a State-owned Bank

There is a much cheaper way to fund this $9 billion school debt... [read more]

The Only Way Is Ethics: A Crash Course in Six Parts

Part Four: Who's That Skulking In The Lobby?... [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]

Bank of North Dakota Soars Despite Oil Bust: A Blueprint for California?

Despite North Dakota's collapsing oil market, its state-owned bank continues to report record profits. This article looks at what California, with fifty times North Dakota's population, could do following that state's lead... [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]

BCE / LTRO: what’s that ?

Part 5 of the series 'Too Big to Fail' by Eric Toussaint... [read more]

Killing Off Community Banks: Intended Consequence of Dodd-Frank?

The Dodd-Frank regulations are so lethal to community banks that some say the intent was to force them to sell out to the megabanks... [read more]

From Liberal Hand-wringing to the Political Economy of Assassination: The Charleston Shootings and Mainstream Society’s Complicity in Murder (Part 1)

The larger social architecture defined by the academic, political and corporate ties of the gun lobby helps explain how we could systematically take the fight to the NRA... [read more]

California Water Wars: Another Form of Asset Stripping?

In California’s epic drought, wars over water rights continue, while innovative alternatives for increasing the available water supply go untapped... [read more]

Oil, Blood, Confusion, Fear: Fuelling The British Public's Appetite For War

Back in 2003, Tony Blair stated that Saddam Hussein could hit Britain with a missile within 45 minutes. He also said that Iraq possessed weapons of mass destruction... [read more]

Bank abuses in the real estate sector and illegal foreclosures in the United States

Part 2 in the series by Eric Toussaint - The banks and the “too big to jail” doctrine'... [read more]

Banks versus the People: the Underside of a Rigged Game! (Part 3) - The greatest offensive against European social rights since the Second World War

We should not underestimate the capacity of the elites to make the most of a crisis situation writes Eric Toussaint... [read more]

Unionbook: a Bastion of Online Activism

Rhys Harrison talks about Unionbook, the progressive activist's answer to Facebook and Twitter... [read more]

Do not be fooled by India's media love affair with Hillary Clinton

You always know when a high-ranking US politician is in India. Much of the media turns sycophant. It happened when Obama visited in 2010, and it occurred again as Hillary Clinton recently touched down in Kolkata but despite the media spin, India is not engaged in any form of bilateralism with the US, says Colin Todhunter. ... [read more]

Trashy beauty queens and the men who rule the world

In 1864, Abraham Lincoln wrote a letter that predicted where the US was heading - the world he warned about is the world we now have as bankers control the money supply having the power to make or break nations. Colin Todhunter explains ... [read more]

Good and Evil

What happened to considerations of good and evil? This is the question that Jean Claude van Itallie ponders.... [read more]

Bankers' Coups D'etat in Southern Europe

Steven Colatrella unveils that the very tenets of democracy in Europe are under threat as finance capital launches the first of its coups d'etat in Greece and Italy.... [read more]

Slavery for Dummies - Part 2

Part 2 of an analysis by OutRageous! looking at the slavery endemic in our modern society.... [read more]

Blog: Lies Lies Lies

outRageous! - Lies about the recent gunplay in Kabul and the stuff no one wants you to know.... [read more]

A Pint of Blood for a Glass of Milk: the Other Side of China’s Economic Ascendancy

The rise of China is almost universally hailed as a great success story. Ted Sprague considers the largely unreported human cost of China's forward march.... [read more]

The Real Cost of the Banking Crisis

Mick Brooks reviews the Bank of England's assessment of the banking crisis.... [read more]

Green Shoots of Economic Recovery?

Mick Brooks considers recent claims that the world economic system is on the mend.... [read more]

Crisis: The Worst Since the 1930s

Michael Roberts argues the present economic slump is merely the first stage of a long-term deflationary depression.... [read more]

From Aid Agency to Cash Machine?

Mick Brooks on how overseas aid programmes are merely exacerbating social inequality in developing countries.... [read more]

Is There Really Much Difference Between McCain and Obama on Free Trade?

With the US elections just around the corner, Garry Leech examines the candidates' respective positions on international economic issues, and concludes that there is relatively little to choose between them.... [read more]

The Failure of New Labour was to Ignore Society

Compass's Jonathan Rutherford believes New Labour has lost touch with society.... [read more]