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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]

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]

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]

Trump’s $1 Trillion Infrastructure Plan: Lincoln Had a Bolder Solution

Central banks have been pumping money into the global economy without a whole lot to show for it... [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]

It Can Happen Here: The Bank Confiscation Scheme for US and UK Depositors

Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets reveals Ellen Brown... [read more]

Banks bluff in a completely legal way

Part 8 of Eric Toussaint's series Banks Versus The People: The Underside Of A Rigged Game!... [read more]

Sovereign Debt Jubilee, Japanese-Style

Japan has found a way to write off nearly half its national debt without creating inflation. We could do that too.... [read more]

Dear Mr. President, Be Careful What You Wish for: Higher Interest Rates Will Kill the Recovery

Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF.... [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]

“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]

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 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]

The circulating money supply: Why QE3 won’t jumpstart the Economy—and What Would

The economy could use a good dose of “aggregate demand”—new spending money in the pockets of consumers — but QE3 won’t do it. Neither will it trigger the dreaded hyperinflation. In fact, it won’t do much at all. There are better alternatives, argues Ellen Brown.... [read more]

The Real Cost of the Banking Crisis

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

“Ryancare” Dead on Arrival: Can We Please Now Try Single Payer?

The new American Health Care Act has been unveiled, and critics are calling it more flawed even than the Obamacare it was meant to replace... [read more]

“Print the Money”: Trump’s “Reckless” Proposal Echoes Franklin and Lincoln

The right of government to issue its own money was one of the principles for which the American Revolution was fought... [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]

Shimomuran Economics: The No-Debt Investment Credit Creation Path to More Rapid Economic Growth

George Tait Edwards MBE makes the case for the urgent implementation of Keynesian economics to stimulate growth, based on the economic model's previous success in the US, China and Japan... [read more]

Saving Illinois: Getting More Bang for the State’s Bucks

Illinois is teetering on bankruptcy and other states are not far behind, largely due to unfunded pension liabilities; but there are solutions.... [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]

Can Jill Carry Bernie’s Baton?

Bernie Sanders supporters are flocking to Jill Stein, the presumptive Green Party presidential candidate... [read more]

A Crisis Worse than ISIS? Bail-Ins Begin

While the mainstream media focus on ISIS extremists, a threat that has gone virtually unreported is that your life savings could be wiped out in a massive derivatives collapse. Bank bail-ins have begun in Europe, and the infrastructure is in place in the US... [read more]

Time for the Nuclear Option: Raining Money on Main Street

Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy... [read more]

United-States : the Fed Bails Out Wall Street

Part 4 of Eric Toussaint's series: Governments submit to “Too Big to Fail” banks... [read more]

Governments submit to “Too Big to Fail” banks (part 2)

Governments make gifts galore to private banks... [read more]

The War on Terror and the Terror of War

The vicious cycle of state and individual terror continues unabated. Marxists have long explained that imperialism and Islamic fundamentalism are two aspects of the same reactionary phenomenon—the decay and decline of capitalism—which threatens to take the whole of humanity down with it.... [read more]

The Leveraged Buyout of America

In a letter to Federal Reserve Chairman Ben Bernanke, US Representative Alan Grayson and three co-signers expressed concern about the expansion of large banks into what have traditionally been non-financial commercial spheres... [read more]

The Alternative 2013 Spending Review, Or What Mr Osborne Could Have Said If He Understood Macro-economics

The Spending Review by George Osborne contained no surprises. But suppose Mr Osborne really understood economics and actually wanted to improve the British economy. George Tait Edwards provides a constructive speech for a competent chancellor... [read more]

President Obama Announces $1 trillion ‘New Deal’ Programme

Christopher Vasey on the Obama administration's new initiative to kick-start the US economy.... [read more]

Arms Spending Dwarfs Commitment to Development Goals

World leaders struggle to meet development goals; military spending remains sky-high.... [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]

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]

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]

Derailing Amtrak

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

Obama’s 2015 State of the Union Address: “That’s Not Who we Are”

Borrowing from Hollywood-themed awards ceremonies, political theatre was taken to new lows with Obama’s sixth State of the Union speech to the US Congress on January 20th... [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]

The US Role and Iran in Southwest Asia

Déjà vu all over again: US foreign policy has once again arrived at a critical historical crossroad... [read more]

The Failure of the Debt System

Eric Toussaint and Daniel Munevar put forward the case for abolishing third world debt... [read more]

China’s All-Inclusive Economic Miracle: The Third Economic Bomb

George Tait Edwards explains China's recent economic success by examining its past history... [read more]

The Origin and Spread of Investment Credit Economics

George Tait Edwards provides a brief timeline about the creation and spread of the new knowledge about how to make an economy grow with explosive force ... [read more]

FDR’s American Economic Miracle 1938-44, or the First Economic Bomb - The USA from 1938 to 1944 (Part 1)

George Tait Edwards reveals the secret of America's economic boom during the the FDR years ... [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]

Even devils will fall...

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

Hedge Funds, Speculation and Capitalism

With market speculation very much in the news at the moment, Mick Brooks examines the phenomenon of the hedge fund, and its role in the current economic malaise.... [read more]

The Myth of Trump’s Nationalism and Non-Intervention

For all their obvious flaws, one of the good things about early Trump supporters in the US was their opposition to war.... [read more]

Parliamentary Riffraff

When Adlai Stevenson ran for the presidency, he was told "Don't worry, every thinking person will vote for you." "But I need a majority," Stevenson famously replied.... [read more]

America Polarized in Turmoil

United, we must take back our country from the ultra-supremacists in the White House... [read more]

Trump and the Rise of Fascism in America

Mr Trump seems to be planning the annihilation of vast populations by unleashing a new reign of fascist barbarity.... [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]

John Pilger: Why Hillary Clinton Is More Dangerous Than Donald Trump

The following is an edited version of an address given by John Pilger at the University of Sydney, entitled ‘A World War Has Begun’.... [read more]

US Immigration policy is again adrift amid the Presidential Election

US leadership and competitiveness has historically been anchored on its immigration policy... [read more]

In the Panama Capers we Trust

The leaked Panama Papers, from the Panamanian law firm Mossack Fonseca & Co, are spilling the beans on the details of what the rich, powerful and greedy get up to with unseemly amounts of dosh... [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]

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]

BCE / LTRO: what’s that ?

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

The Nuclear with Iran and the Prospect of Regional Transformation

The long anticipated historic nuclear accords between the P5+1 countries and Iran is now poised to set a new milestone for non-confrontation and dialogue... [read more]

The American role in reshaping the future of the Middle East

The imminent prospect of a comprehensive accord between Iran and the P5+1... [read more]

The Trans-Pacific Partnership and the Death of the Republic

On April 22, 2015, the Senate Finance Committee approved a bill to fast-track the Trans-Pacific Partnership (TPP)... [read more]

Preaching rebirth and home; practicing death abroad

England’s Easter was the culmination of recent events which have brought the would-be great and good to their knees - and knee deep in hypocrisy... [read more]

The plausible normalisation of U.S.-Iran Diplomatic Relations: Who are the losers and winners?

The gains to all sides from a nuclear resolution and the strategically inevitable normalisation of relations between the U.S. and Iran will far outweigh the collective perceived losses... [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]

Big banks’ tampering with interest rates

Part 5 in the series by Eric Toussaint - The banks and the “too big to jail” doctrine... [read more]

The Imminent Prospect of a US-Iran Breakthrough worries the Hawks

The international community grapples once again with the imminent prospect of a “nuclear deal” between the US (P5+1) and Iran before the extended deadline of November 24 arrives... [read more]

HSBC: the bank with a shameful past and scandalous present

The fourth article in the series The banks and the “too big to jail” doctrine by Eric Toussaint... [read more]

NATO weakness in the epoch of geo-political turbulence and instability

The main outcome of the NATO summit that took place in Newport, Wales on 4th-5th September appears to have been the decision to launch a new ‘spearhead’ rapid response task force... [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 Major Policy of the Current Coalition Government is NOT Fiscal Balance But an Increased Rate of Income Shifting From Wage Earners to the Pockets of the Already Rich

The policy of the Coalition Government is not the much-trumpeted and unachievable aim of a balanced budget but the deliberate lowering of median British living standards and the production of more poverty... [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]

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]

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 Failure of Innovation in the Anglo-Saxon Economies

George Tait Edwards examines the role of innovation in economic development... [read more]

The Economy: Happy Days Are Here Again! For Whom?

Last week the stock market made a great leap forward. "Dow Leaps to Record" the Wall Street Journal blazoned on its front page. Thomas Riggins shows that the resurrection and coming again of the Dow is only one expression of the economy... [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]

Iran and the imminent prospect of another unilateral war waged by Israel in the Middle East

Israel, presumably due to its longstanding failure to reach amicable peace with Palestine and the Arab neighbors since 1967, is imminently determined to wage a unilateral war on Iran while struggling to divert internal dissent from its lingering economic and socio–political challenges and international isolations, writes Freeman Ure. ... [read more]

Human Conflict- is there a solution?

Professor David Rahni of Pace University, New York, asks a controversial question- Are humans genetically programmed for destruction, greed and fear of others?... [read more]

The world war on democracy

From the Chagos islands to Libya, a ruthless system has been at work, often resorting to violence whilst trying to maintain the illusion of democracy... [read more]

Militarism mixed with empty liberal rhetoric

Richard Becker dissects Obama's 2012 State of the Union address and shows that the 'CEO of the imperialist ruling class is carrying on with business as usual... [read more]

Poor's show

Ever since the decline of European Socialism in the 1980s and the collapse of the Soviet Union in the ’90s, capitalism has considered itself king of the world and has behaved accordingly, says W Stephen Gilbert.... [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]

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]

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]

Whitewashing Defeat

For all his poise and rhetoric, Obama’s indecisiveness is the defining feature of his presidency, says Ramzy Baroud.... [read more]

Bush Didn't Write No Damn Book

The former US president's autobiography is little more than a revisionist hoax, writes Ahmed Amr.... [read more]

The Money Gusher

The oil industry’s decommissioning costs will dwarf those of nuclear power. The money being made now should be put aside to meet them, writes George Monbiot.... [read more]

Flexible Afghanistan War Objectives: And the Agony Grinds On

As the war in Afghanistan grinds on with no end in sight, Ramzy Baroud pours scorn on the various attempts to rationalise and justify this disastrous campaign.... [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]

Haitian Tragedy and White Man’s Burden Redux

International reaction to the catastrophe in Haiti has had a distinctly neo-colonial flavour, says Ben Selwyn.... [read more]

Obama: Progress Towards Fulfilling Manifesto Commitments

Chris Vasey reckons it's been a promising first few months in the White House for Barack Obama. ... [read more]

The Great Cop-Out

Impeded by Gordon Brown, the G20 has decided that bankers won’t be properly regulated, as George Monbiot explains.... [read more]

Not Even Wrong

Guardian journalist George Monbiot on a radical approach to cutting greenhouse gases.... [read more]

Tories and Cuts: The Dangers Ahead

Whatever David Cameron may be saying publicly, massive public sector cuts will be a certainty if the Tories win the next election, as Steve Jones explains.... [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]

One Shot Left

George Monbiot on how the Bush administration, in its final death throes, is stepping up its war on the environment.... [read more]

Venezuela to Propose Reduced Oil Production at OPEC Meeting

James Suggett on how Venezuela is reacting to the world financial crisis.... [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]

Bail-out Blackmail

Mick Brooks on the truth behind the US government's bail-out of the financial sector.... [read more]

We're Still Too Fixated On Oil

Labour MP Michael Meacher on the ongoing obsession with oil.... [read more]