Wednesday, October 17, 2018

The Looming Mystery Behind the Panama Papers: How Did the Largest Document Leak In...

After similar coups by WikiLeaks and others, we had an idea of who pulled the trigger, and why. Not this time. “Hello. This is John Doe. Interested in data?” That line — apparently written in English and using an American cultural reference — is much of what we know about the source, possibly a hacker, behind the...

Dollar Hegemony and the Iran Nuclear Issue: The Story behind the Story

“International treaties are being held hostage by the west. There has been a lot of interference inside Iran by Washington. The nuclear issue is just an excuse to undermine the Islamic Republic and has very little to do with anything else.” - Interview with RT by Soraya Sepahpour-Ulrich, 6 April 2015. This...

Review of the Special Drawing Right (SDR) Currency Basket

The Review of the Method of Valuation of the Special Drawing Rights (SDR) basket is conducted every five years by the IMF’s Executive Board, or earlier if warranted by developments. The purpose of the review is to ensure that the SDR basket reflects the relative importance of major currencies...

Secret Trans-Pacific Partnership Agreement (TPP) – Investment Chapter

WikiLeaks releases today the "Investment Chapter" from the secret negotiations of the TPP (Trans-Pacific Partnership) agreement. The document adds to the previous WikiLeaks publications of the chapters for Intellectual Property Rights (November 2013) and the Environment (January 2014). The TPP Investment Chapter, published today, is dated 20 January 2015. The...

Central Banks are Pushing Monetary Heroin to Addicted Economies

We hear a lot about the role of central banks in the world’s economies. But what exactly have they been doing over the last few years, and what has the actual impact been? Central banks have the authority over the interest rates and the quantity of a nation’s currency. Their...

The Rich Get Richer

Why are stocks still flying-high when the smart money has fled overseas and the US economy has ground to a halt? According to Marketwatch: “For the eighth week in a row, long-term mutual funds saw more money flowing out of U.S. stocks and into international stocks, according to the Investment Company Institute……For the...

Special Drawing Rights (SDRs)

he SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is currently based on a basket of four major currencies, and the basket will be expanded to include the Chinese Renminbi (RMB) as the fifth currency, effective...
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James Rickards: The Death of Money & Digital Debriefing

James Rickards is Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of New York Times best seller, The Death of...

Consumer Credit Rises $17.2 Billion; Holding Of Federal Debt Hit New All Time High

After a near record drop in non-revolving (student and car) loans in December, many were wondering if this pipeline which has kept the US auto sector afloat would remain shut. We are happy to report that for two consecutive months, this all important funding pathway has now been unclogged...

The Most Outrageous Fraud Ever Perpetrated on the Canadian People

“Once a nation parts with the control of its currency and credit, it matters not who makes the nation’s laws. Usury, once in control, will wreck any nation.” —William Lyon Mackenzie King, Prime Minister of Canada, 1935 Powell River, BC. You know the old aphorism – “If a tree falls in the...

The IMF Lays The Groundwork For Global Wealth Confiscation

The International Monetary Fund (IMF) quietly dropped a bomb in its October Fiscal Monitor Report. Titled “Taxing Times,” the report paints a dire picture for advanced economies with high debts that fail to aggressively “mobilize domestic revenue.” It goes on to build a case for drastic measures and recommends...

The BRICS Don’t Like the Dollar-Dominated World Economy, but They’re Stuck With It

The latest summit of the world’s leading emerging markets took more steps toward replacing the U.S.-led global financial system. But change will come very, very slowly. When the BRICS get together for their annual summit — as they did last week in Brazil — they always make a lot of...

David Cameron admits he profited from father’s Panama offshore trust

PM sold stake in Blairmore investment fund, which featured in Panama Papers, for £31,500 four months before entering No 10. David Cameron has finally admitted he benefited from a Panama-based offshore trust set up by his late father. After three days of stalling and four partial statements issued by Downing Street...

The Bank of International Settlements (BIS): Meet The Secretive Group That Runs The World

Over the centuries there have been many stories, some based on loose facts, others based on hearsay, conjecture, speculation and outright lies, about groups of people who “control the world.” Some of these are partially accurate, others are wildly hyperbolic, but when it comes to the historic record, nothing...

The network of global corporate control

The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with...

The Global Currency Wars

Capitalism is by nature based on intense, and often destructive, competition. Not only between capital and labor, but between capitalists themselves. But not all competition is the same. There is competition when the global economic pie is growing; and there is competition when it is stagnating or declining. And...

Will the Panama Papers Be a Catalyst for Change?

It’s not about Vladimir Putin’s cronies or crooked billionaires. If real reform is going to come, it’ll have to be based on popular anger at the merely well-off using tax havens to move money. If it were not for the sheer enormity of the data dump, the “Panama Papers” scandal...

G20 Urges U.S. Action on IMF Reforms by April

WASHINGTON, (IPS) - The Group of 20 (G20) industrialised and emerging economies on Sunday formally expressed frustration with the ongoing inability of the United States to approve a major reform package that would see governance at the International Monetary Fund (IMF) shift more towards developing countries. The reforms were approved...

Mario Draghi Is About to Become the World’s Market Risk Manager

Mario Draghi is set to become the new first line of defense for the world economy, whether he likes it or not. Federal Reserve Chair Janet Yellen’s preparations to raise U.S. interest rates this month put the European Central Bank president in the vanguard of the global charge against feeble...

Six Banks Pay $5.8 Billion, Five Guilty of Market Rigging

Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, JPMorgan Chase & Co., Barclays Plc and Royal Bank of Scotland...

A Key Similarity Between Snowden Leak and Panama Papers: Scandal Is What’s Been Legalized

FROM THE START of the reporting based on Edward Snowden’s leaked document archive, government defenders insisted that no illegal behavior was revealed. That was always false: Multiple courts have now found the domestic metadata spying program in violation of the Constitution and relevant statutes and have issued similar rulings for other mass surveillance programs;...

Manufacturing Dissent: The Anti-globalization Movement is Funded by the Corporate Elites

This article was first published in 2010. The author’s introductory quote was first formulated in 2001 in the context of the Summit of the Americas in Quebec City which was held a few months before 9/11. “Everything the Foundation did could be regarded as “making the World safe for...

US Fed raises interest rates by 0.25%

US Federal Reserve has raised interest rates by 0.25 percentage points, its first increase since 2006. The move takes the range of rates banks offer to lend to each other overnight - the Federal Funds rate - to between 0.25% and 0.5%. The US central bank also raised its projection for...
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TPP: The Dirtiest Trade Deal You’ve Never Heard Of

The Trans-Pacific Partnership (TPP) could cost us our internet freedom, labor rights, access to affordable medicine, the safety of our food, and protections that keep our water and air clean. Congress is pushing legislation right now that would "Fast Track" the Trans-Pacific Partnership—a secretive agreement negotiated behind closed doors by...

War and the Global Economy: Financial Experts on “Why We Are Drifting Towards World...

The Economist argues that there are ominous parallels between the conditions which led to the first world war and today: The United States is Britain, the superpower on the wane, unable to guarantee global security. Its main trading partner, China, plays the part of Germany, a new economic power bristling...

Fed Raises Key Interest Rate for First Time in Almost a Decade

WASHINGTON — The Federal Reserve said on Wednesday that it would raise short-term interest rates for the first time since the financial crisis, a decision it described as a vote of confidence in the American economy even as much of the rest of the world struggles. The widely anticipated announcement...
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Big Pharma as Organized Crime?

Peter C Gøtzsche, MD exposes the pharmaceutical industries and their charade of fraudulent crime behavior, both in research and marketing where the morally repugnant disregard for human lives is the norm. “The main reason we take so many drugs is that drug companies don t sell drugs, they sell lies...

Soaring dollar puts the world on sale for Americans

Americans have long complained that the dollar doesn't buy much anymore. Suddenly, the dollar's problem may be that it buys too much — a change that has huge implications across the global economy for consumers, businesses, investors and governments. The U.S. currency's value has surged over the last nine months,...

The IMF Changes its Rules to Isolate China and Russia

The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement Eurasian economic integration on...

War Threat Rises As Economy Declines

The defining events of our time are the collapse of the Soviet Union, 9/11, jobs offshoring, and financial deregulation. In these events we find the basis of our foreign policy problems and our economic problems. The United States has always had a good opinion of itself, but with the Soviet...

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