Users Online Now:
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 >>
High Levels Of Mercury Found In Fish In Remote National Parks
CONSUMER ALERT: Michaels Stores Inc., has confirmed that about 2.6 million debit/credit cards may have been affected in data breach.
Who is Really Behind Jews Being Told To Register In Ukrainian Province
Human microchipping: Preparing a Generation for the “Mark of the Beast”?
Sen. Reid calls supporters of Nevada rancher Bundy ‘domestic terrorists’
GOP fears executive order on biometric guns
US orange production hit by disease, juice prices soar
75-year-old human cloned for the production of stem cells
EPA Loopholes Allow Biomass Facilities to Create more Toxic Pollution than Coal
100 Facts About The Moral Collapse Of America That Are Almost Too Crazy To Believe
“Zero Tolerance” Policy Causing Schools to Resemble Prisons
The President’s Lies Are Finally Catching Up With Him
Scientists Discover How to Generate Solar Power in the Dark
The Untouchables: You Can’t Sue General Mills if You “Like” Their Products on Facebook
Industry’s Own Words: 6 Admissions Of In-Home Surveillance Using Smart Meters
What Will You Do When You Can No Longer Buy Or Sell Without Submitting To Biometric Identification?
Scientists discover first Earth-sized planet that could support life
86 million private sector workers, sustain 148 million who receive benefits
Obama brother wants Jewish 3rd Temple
FBI Will Have Up To One Third Of Americans On Biometric Database By Next Year
‘Kill Switch’ Included on All Cell Phones Made in U.S. by 2015
Wasabi Fights Highly Lethal Pancreatic Cancer
Even The US Government Will Abandon The Dollar
NYPD Ends Surveillance of Muslims; Shifts to Surveillance of Everyone
Soaring Food Inflation Full Frontal: Beef And Shrimp Prices Explode
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 0.004s (3 queries)