Obama: “We Can’t Pay Attention” To “Folks Whose Ideologies Run Counter To Where We Need To Go”
At least one positive thing can be said about President Obama.
At least one positive thing can be said about President Obama.
The federal government currently grants automatic citizenship to all U.S.-born children of illegal migrants.
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Washington Times | The economy is sluggish but growing and inflation remains low.
World Trade Centre worker was captured in an iconic photograph on the day of the al-Qaeda attacks.
Breitbart | The federal government currently grants automatic citizenship to all U.S.-born children of illegal migrants.
London Independent | World Trade Centre worker was captured in an iconic photograph on the day of the al-Qaeda attacks.
With their entire international financial system crumbling around them, in “the biggest financial crisis in modern history,” as Lyndon LaRouche called it, the only thing that the bankrupt predators of Wall Street and the City of London can think of, is how to get their next financial fix of bailout funds.
The desperate calls for responding to what they call “Black Monday” with massive additional quantitative easing (QE), are quite explicit. Larry Elliott, writing in the Guardian today, admitted that the problem is that
“For the last seven years, they [the markets] have been given regular doses of strong and dangerous narcotics. The threat that the drugs will no longer be available has resulted in severe withdrawal symptoms… The markets have been pumped full of stimulants in the form of quantitative easing.”
What to do? Well, more of the same, of course! Elliott suggests that “the Fed might need to provide more stimulus… contemplate further rounds of QE, even though that amounts to doubling the dosage for drugs that become less effective every time they are administered.”
The rest of the financial press, such as London’s FT Alphaville, says pretty much the same thing: “We’ve long felt that the only thing preventing another financial crisis has been extraordinary central bank liquidity and general interventions from the global authorities, which we still expect to continue for a long while yet.”
Last night and today, major central bank and related stock-purchasing interventions across the trans-Atlantic sector, apparently provided enough numbing agent to allow the European market and U.S. futures market to post moderate gains for most of today, though there was a rush for the doors in the last hour of U.S trading, ending in further losses. China’s Shanghai index, fell another 7.6% on Tuesday, as the financial press continued to protest that Chinese authorities are not stepping in with the kind of bailout that the speculators want. China did lower benchmark interest rates by .25% today to 4.6%, and also dropped the reserve ratio by 0.5% to 16%.
Just in time for the systemic meltdown, the financial junkies will hold their annual meeting at Jackson Hole, Wyoming, later this week, Aug. 27-29. The world’s central bankers will gather there, and the key speech will be given by Fed vice chairman Stanley Fischer on Aug. 29. Fed chair Janet Yellen will not be attending this year.
‘Investigators looking at how the police treated complaints of child sexual exploitation in Rotherham say they are now working to identify more than 100 officers. The Independent Police Complaint Commission (IPCC) said it is continuing to examine police conduct exactly a year on from the publication of the Jay Report, which shocked the nation with […]
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This is exactly the type of market behavior that we would expect to see during the early stages of a major financial crisis.
RT | The new municipal judge in Ferguson has recalled all arrest warrants issued before 2015.
Michael Snyder | This is exactly the type of market behavior that we would expect to see during the early stages of a major financial crisis.
There are only two logical conclusions that can be reached about American foreign policy leadership in the 21st century.
Jacques Cheminade, President of the Solidarité et Progrès political party in France, issued the following statement on “Black Monday,” Aug. 24, 2015. The following is translated from the original French:
“We must replace the speculative insanity with an economy devoted to restoring the emphasis on productive forces and respect for human labor.
“A global Glass-Steagall is necessary in order to eliminate the system of the City of London and Wall Street and of their European collaborators.
“I will endeavor to unite the forces capable of resistance in fighting for a project of mutual development, a policy for public credit for investment in infrastructure, and a New Bretton Woods system purged of monetarist privilege. With this aim in mind, I call on those to join me on an emergency basis, including the decisive participation of the BRICS, in an international conference for peace through mutual development, wiping out illegitimate debt and restoring priority to that which is human in mankind: the spirit of discovery and of service to the common good and coming generations.
“This is no longer a G7, G8, or G20; the days of compromise without substance are over. For we must rise to the challenge of the future of human civilization and halt the flight forward into self-destruction and war.”
‘Britain has ordered £47 million of new mobile air defence radars to protect the Falkland Islands against possible attack by Argentine jets. The new vehicle-mounted radar will be able to spot threats up to 75 miles away and the first systems will be delivered before the end of the year. The Defence Secretary earlier this […]
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