The Economy

10 Reasons Why The Reign Of The Dollar As The World Reserve Currency Is About To Come To An End

The U.S. dollar has probably been the closest thing to a true global currency that the world has ever seen. For decades, the use of the U.S. dollar has been absolutely dominant in international trade. This has had tremendous benefits for the U.S. financial system and for U.S. consumers, and it has given the U.S. government tremendous power and influence around the globe. Today, more than 60 percent of all foreign currency reserves in the world are in U.S. dollars. But there are big changes on the horizon. The mainstream media in the United States has been strangely silent about this, but some of the biggest economies on earth have been making agreements with each other to move away from using the U.S. dollar in international trade.

Congress Moves To Stop the FED’s Covert Bailout of Europe With US Taxpayer Money

This week congress will challenge the Federal Reserve’s covert bailout of Europe through the IMF using US taxpayer money

U.S. Debt Clock, Countdown To Economic Collapse

 

Keiser Report: 9-11 Insider Trading and Germany’s Elusive Gold Reserves

Max Keiser and co-host, Stacy Herbert, talk to independent journalist, Lars Schall, about his recently published investigation into insider trading around the 9-11 terrorist attack as well as his pursuit of Germany’s elusive gold reserves.

Obama Requests $770 Million to Fight Global Warming Overseas

The Obama administration has requested $770 million in federal funds to combat the effects of global warming in developing countries, a new congressional report details, continuing its policy of using foreign aid to combat the effects of global warming in the developing world.

The figure, from a recent report from the Congressional Research Service (CRS), shows that continues to pursue its policy of using foreign aid funds for anti-global warming measures – known as the Global Climate Change Initiative (GCCI).

According to CRS, the government has spent a total of $2.5 billion on GCCI since 2010 on overseas anti-global warming efforts in Latin America, Asia, and Africa.

Keiser Report: Muppets Hunting Muppets

 

In this episode, Max Keiser and co-host, Stacy Herbert, discuss rising tides of incontinence and cultural revolutions while muppet hunting with Lloyd Blankfein and the seething masses worshiping Ben Bernanke.

A bipartisan House agrees to relax rules on complex financial instruments called derivatives

To the chagrin of consumer groups, the House gave overwhelming bipartisan approval Monday to two bills easing requirements that President Barack Obama’s overhaul of financial regulations impose on some exotic financial instruments blamed for helping trigger the 2008 financial crisis.

Lawmakers of both parties said they were relaxing rules that would otherwise inhibit the ability of companies to manage the risks of prices and investments, ultimately reducing their profitability and job creation. Consumer groups said legislators were bowing to the interests of their corporate and finance-world contributors and taking steps that might prove harmful to the public.

GREECE – THE IERISSOS RESISTANCE

At least 2500 residents of Ierissos formed a 15km convoy of cars and headed for the Great Lady. There, they marched to denounce gold mining operations on their mountain by the Greek mega corporation, Aktor and Canadian Eldorado Gold, who use employees and local riot police as mercenaries against the local community.

The entrance to the mountain was cordoned off by riot police, who protect the occupation of the mountain for private corporations at the taxpayer’s expense. The riot police responded to the peaceful protesters with tear gas and by firing rubber bullets at the crowd, despite the presence of the elderly, women and children.

The North American Leaders Summit and Reviving Trilateral Integration

With the demise of the Security and Prosperity Partnership, the U.S. has essentially put Canada and Mexico on separate tracks.

It has pursued dual-bilateralism with both its NAFTA partners as the primary means of advancing continental integration with regards to trade, regulatory and security initiatives.

The upcoming North American Leaders Summit, which will be held in Washington, D.C. on April 2, could be used as a means of reviving the trilateral cooperation model.

What is the leverage point for Occupy’s victory?

*hyperlinks live at source*

This is my paper for The Center of Process Studies’ conference, Money-Creation in a Finite World (free and open to the public, April 10-12, 2012; Claremont Colleges, CA):

Money and credit as public services for full-employment, optimal infrastructure, ending debt slavery: Epic proponents, related history of US government and corporate media, partnership for Occupy victory

It’s divided into these 11 parts for articles (links added with each new section):

Monetary and credit reform: full-employment, end of debt slavery

Thomas Edison, Thomas Jefferson on monetary reform

President Andrew Jackson, Peter Cooper on monetary reform

NYC Mayor John Hylan, House Banking Committee Chairs on monetary reform

A national sex strike! Spain’s ‘high-class hookers refuse to sleep with bankers until they open up credit lines to cash-strapped families’

Spain’s high-class escorts are refusing to have sex with the nation’s bankers – until they open up credit lines to cash-strapped families and firms.

Madrid’s top-end prostitutes say their indefinite strike will continue until bank employees ‘fulfil their responsibility to society’ and start offering bigger loans for struggling Spaniards, it has been claimed.

Sneaky bankers were trying to circumvent the protest by claiming to be architects or engineers, the sex-workers said.

Aristophanes would be proud!

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