February, 2010

George Soros at centre of hedge funds plot to cash in on the euro crises.

Submitted by Paul on Sat, 02/27/2010 - 04:06.

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The man about to break the euro? George Soros is said to be placing large bearish bets against the single currency.

A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro. Read more »

How the IMF Destroys Iceland and Latvia.

The International Monetary Fund operates primarily as a banker bailout machine. They cajole and tempt and confuse and threaten the leaders of governments worldwide to pay off the failed bets of the big bankers using the taxpayer funds of their countries.

This has been going on a long time, at least since the early 1980s. Read more »

The Hoi Poloi vs. Goldman Sachs.

Greece is turning into a battle royal between the global financial elites and the average worker in the industrial West.

This started out as a more limited struggle, pitting the finance ministers and central banks of the European Union against the Greek unions, but the fight has unexpectedly broadened with news of the surreptitious involvement of Goldman Sachs in helping Greece avoid borrowing constraints. Read more »

Why the Eurosceptics were right all along.

The Eurosceptics are in the ascendancy. They may be mostly Tories, but they have been proven right.

In previous recessions, the troubled eurozone countries - Greece, Portugal, Ireland and Spain - would have eased their economic problems by devaluing the currency, printing money (now called "quantitative easing") and cutting interest rates. Read more »

An Iron Fist has come down on Europe - Nigel Farage.

Submitted by Paul on Mon, 02/15/2010 - 02:52.

Nigel Farage - the only democrat left in the European Parliament - about the true nature of the lisbon treaty and the undemocratic organisation that is to govern all of Europe.

Descent into Barbarism: The US and NATO wage War on the World.

The argument is won: capitalism as an effective system to organize society and provide for human needs has expired. The evidence is conclusive.

Trillions of dollars to kick start the economy in the US and Europe may have given an ephemeral lease of life to the financial class to spin the casino wheel once again, but it is more apparent by the day that the tentative "recovery" has spluttered to a standstill. Read more »