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THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
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[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
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MANDATORY MENTAL ILLNESS SCREENING AND THE DRIVE TO CONFISCATE FIREARMS
Artificial Sweetener Disease (ASD) is on the rise
Flat Earth Psy Op is the Real Conspiracy
Pluto's icy wonderland keeps mystifying scientists.
Laptops are getting destroyed because of faulty wiring on cheap cords
Chinese companies are making toxic rice out of plastic
Researchers develop method to liquefy tumors using sound waves, safely treating cancer without chemo or radiation
The first prepper video game?
Children now eating their own weight in processed sugar each year
American Cops Now Being Sent to Scotland to Learn How to Stop Killing People
Why Is My Kindergartner Being Groomed for the Military at School?
Navy staging 2-week long active shooter drills on bases nationwide
The Private Prison Primer: How is this even legal?
Super Bowl 50 Flight Security To Include F-15 Fighter Jets, Helicopters
Bill to End Operation Choke Point Clears U.S. House of Representatives
The NYPD Is Removing People From Their Homes Who Have Never Been Convicted of Crimes
Facebook's War On Freedom Of Speech
Confirmed: Iowa Democratic Party Flipped Delegates to Clinton
And Now “Some Important News About JPMorgan’s New Cash Policies”
Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group
$153 million in Bill and Hillary Clinton speaking fees, documented
China Harvesting Organs from Thousands of Political Prisoners While They Are Alive
U.S. and UK Spy Agencies May be Allowed to Request Online Chat Data and Emails from Media Companies
The wussification of American continues. You're a bad person if you watch football.
WHOOPS - IRS HAS MALFUNCTION - REFUNDS DELAYED
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