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 >>
DOJ, COMMUNISTS, NEW BLACK PANTHERS HIJACK FERGUSON PROTESTS
How Much is $100 Really Worth in Your State? This Map Will Show You
GLPVC TheRawFeedLive - Wed Aug 27th 9pm est **Special Show** The Band "MADCO"
Hospital network hacked, 4.5 million records stolen – PA Included!
Eye Witness Audio of Mike Brown Shooting States: “Brown Doubled Back Toward POlice”
Woman Discovers Her Husband Is Married To Three Other Women After Finding Wedding Photos On Facebook
UFO caught by news crew in forest-fire coverage Startling phenomenon appears in TV footage
Actor Joe Piscopo is Leaving the Democrat Party because it has simply become too extreme.
Hidden Before Your Very Eyes. Don’t Underestimate The Creativity Of The Government
63% of Americans Actively Avoid Soda
A List Of Millions Of Americans That Will Be Subject To Detention During Martial Law
Your Smart Meter Knows What Shows You Watch On TV
Is Ferguson, Missouri A Preview Of What Is Coming To America?
Big Earthquake Looms for Chile
Nicaraguans told to eat iguanas as drought threatens food crisis
Marine mystery disease along Pacific Coast baffles scientists
Cash Mysteriously Missing From Bank Accounts of MH370 Passengers
Apparent ISIS Flag Photo in Front of the White House, Sign of soon Appearance in US?
Huge asteroid that ‘could end human life’ defying gravity as it moves towards Earth, scientists say
Only 11 Countries in the World Are Free from Conflict
The Internet Is Officially More Popular Than Cable in the U.S.
Scientist discovers new language spoken by plants
Second illegal immigrant wave of 30,000 coming in September, October
Fallen Angel, Alien or Anomaly? What was Captured on video from NASA?
Police Warn Citizens to be Careful of what they Tweet!
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)