Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Marxist:MV8xNTc4NDI2XzMyMzQwMDY3X0VDMzc2ODUz] [quote:RoXY:MV8xNTc4NDI2XzMyMzM5NzQ0XzhENkZERTc0] [b]Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship? - Antitrust violations, wire fraud, bid-rigging, and price-fixing[/b] by Ellen Brown July 20, 2012 [i]At one time, calling the large multinational banks a “cartel” branded you as a conspiracy theorist. Today the banking giants are being called that and worse, not just in the major media but in court documents intended to prove the allegations as facts. Charges include racketeering (organized crime under the U.S. Racketeer Influenced and Corrupt Organizations Act or RICO), antitrust violations, wire fraud, bid-rigging, and price-fixing. Damning charges have already been proven, and major damages and penalties assessed. Conspiracy theory has become established fact.[/i] In an article in the July 3rd Guardian titled “Private Banks Have Failed – We Need a Public Solution”, Seumas Milne writes of the LIBOR rate-rigging scandal admitted to by Barclays Bank: It’s already clear that the rate rigging, which depends on collusion, goes far beyond Barclays, and indeed the City of London. This is one of multiple scams that have become endemic in a disastrously deregulated system with inbuilt incentives for cartels to manipulate the core price of finance. . . . It could of course have happened only in a private-dominated financial sector, and makes a nonsense of the bankrupt free-market ideology that still holds sway in public life. . . . A crucial part of the explanation is the unmuzzled political and economic power of the City. . . . Finance has usurped democracy. [b] CONTINUE: http://globalresearch.ca/index.php?context=va&aid=31994[/b] [/quote] Two tendencies run side by side in capitalism.....the urge to be free of regulation at times of prosperity (otherwise deemed "excessive" government) as well as the compulsion to survive during times of crises,(otherwise deemed too big to fail.....gaming the system and/or demanding "excessive" government to name a few examples.) On cannot make sense of these tendencies without understanding the underlying survival and accumulate urge which drives all the functions of capital. They alternately dance like two marionettes, one during times of aplenty, the other during lean times. These forces will ultimately come to a head although I suspect that it will not be within this crisis. Instead, this crisis will set the tone for a deregulated truly global capital. The nature of political consciousness suggests that we are on track for further deregulation and the deepening of globalisation. [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Federal government may seize and shut down all internet sites that don't push vaccines during a national emergency pandemic
ObamaCare Contractors Paid To Play Pictionary
Senate GOP blocks Paycheck Fairness Act for the second time
Over 2 trillion becquerels of radioactive waste flowed from Fukushima plant into Pacific in just 10 months
DRIVE-THRU RESPECTS: A funeral home and chapel in Michigan is offering a new way to view the deceased.
National ID card being covertly rolled out under 'enhanced' driver's license programs
Brand-new Obama connection to Islam
Map Shows All of the Ways You Could Get Around Alaska in 1909
Local experts weigh in on what we can expect with the ‘Solar Flare’
U.S. skygazers could get rare glimpse of northern lights
Here are your potential "dreamers" Democrats.
Are we in the middle of a massive evolutionary change?
A bill that could speed the release of historical White House records quietly passed the Senate
Parents Upset Over Penis Shaped Gummy Bears
World Health Organization says Ebola will claim 20,000 lives in next six months
DirecTV and CVS Pushing Homosexuality in TV Commercials
Homeland Security has Lost Track of 6,000 Foreign Students
Energy Company Told Employees Toxic Coal Waste was Safe to Eat
Summarizing The President's Speech
NVASION USA Militia building up on U.S. border 'Our goal here is to try to deter them from coming'
When Karma Bites You In The Ass: Unlucky stoner butt-dials 911 before pot deal, is promptly arrested
NBC Host: Obama On The Verge ‘Of Doing Jimmy Carter-Like Damage’ To The Democratic Party
How did the #Ebola virus spread from a few cases to a full blown crisis? This map will show you.
The Militarization of Police in the US has Gotten So Bad, The Topic Has Made the Senate Floor
Did you know that GMOs contain pesticides that can kill nearly any living thing that consumes them?
We're dropping truth bombs like it's the end of days!
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.003s (3 queries)