Monday, 3 September 2012




By Xinhua.The independent state should have full sovereignty established on the basis of the 1967 borders, with East Jerusalem as its capital, said the communique, which also backed Palestine's participation in the United Nations and other international organizations. Continue



By Pepe EscobarIt's clear that Egypt's new foreign policy if focused on restoring Cairo, historically the intellectual hub of the Arab world, to its leadership position - usurped by the oil-rich barbarians from the House of Saud. Continue



By Mike WhitneyThe middle class is embroiled in a war-to-the-death with carpetbagging vermin who plan to deprive them of work, strip their assets, foreclose their homes, and leave them penniless to face old age. Continue


Why Bondholders Can’t – and Shouldn’t – be Paid

By Michael HudsonThe pace of Wall Street’s war against the 99% is quickening in preparation for the kill. Continue



By Eric KingAll of this money printing and central planning by the central banks trying to manipulate the economies is resulting in all of these problems. Until we put an end to this, the problems keep getting worse. Continue

Escalating financial fraud; pump and dump scams; Wall Street banks; auditing fraud; absence of regulation; default or hyperinflation?

Spainish Bank Looses $5 billion in the first half of 2012: Bankia, nationalised by the Spanish government in May, lost 4.448 billion euros in the six months to end-June after provisioning 2.7 billion euros in the second quarter against bad debt and assets.

It starts: first Asian bank mulls British exit from the EU: Japan's biggest bank Nomura has issued an 11-page study evaluating the likelihood that the UK will leave the European Union entirely or partly.

Bernanke: US economy 'far from satisfactory': US Federal Reserve Chairman Ben Bernanke called the US economic situation unsatisfactory but offered no new promises of central bank intervention Friday. But he confirmed that the Fed would move "if economic conditions warrant," as he labeled the labor market stagnation "a grave concern."


Facebook co-founder sells ANOTHER 450,000 shares -: So far, he has shed 1.35 million shares for proceeds of $26.2 million, at prices ranging from $18.79 to $20.08.

U.S. Child Poverty Second Highest Among Developed Nations: Report: Only Romania ranks higher, with 25.5 percent of its children living in poverty, compared with 23.1 percent in the U.S.