Why Propaganda Trumps Truth Post Mortem for Lehman
By Paul Craig Roberts
Democracy is based on the assumption that people are rational beings who factually examine arguments and are not easily manipulated. Studies are not finding this to be the case. Continue
Did Bernanke and Paulson Blackmail Congress?
By Mike Whitney
Lehman Bros. didn't die of natural causes; it was drawn-and-quartered by high-ranking officials at the US Treasury and the Federal Reserve. Most of the rubbish presently appearing in the media, ignores this glaring fact. Lehman was a planned demolition (most likely) concocted by ex-Goldman Sachs CEO Henry Paulson, who wanted to create a financial 9-11 to scare Congress into complying with his demands for $700 billion in emergency funding (TARP) for underwater US banking behemoths. Continue
UK: TUC fears risk of riots as jobless total rises: Public spending cuts could plunge Britain into a double-dip recession, driving unemployment above 4m and threatening to provoke riots on the streets, the country’s most senior union leader has said.
Ron Paul: Federal government ‘one giant toxic asset’: The US economy has not really recovered from last year’s financial crisis, and the policies of the Federal Reserve, the US’s central bank, are ensuring that the suffering will continue much longer than necessary, US House Rep. Ron Paul
Need a laugh? Bernanke: US recession "very likely" over: Federal Reserve Chairman Ben Bernanke said Tuesday that the worst US recession in seven decades has 'very likely' come to an end, but warned the country's economy will remain weak for some time.
US credit shrinks at Great Depression rate prompting fears of double-dip recession: Both bank credit and the M3 money supply in the United States have been contracting at rates comparable to the onset of the Great Depression since early summer, raising fears of a double-dip recession in 2010 and a slide into debt-deflation.
How Sacramento Treats The Homeless: The City of Sacramento has sent a cruel message to the world: They would rather criminalize their community's homeless than sanction a designated area where they can safely and peacefully live.
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