Sunday, January 20, 2019

A False Hope: Eastern Mediterranean Gas through Greece and Cyprus

Since natural gas was discovered offshore Israel in 2009, both Cyprus and Greece have aspired to establishing an alternative European energy supply. The ongoing conflict in Ukraine has only increased optimism that the European Union will see East Mediterranean gas as a viable alternative to Russian gas, which would...

The Elephant In The Room: Deutsche Bank’s $75 Trillion In Derivatives Is 20 Times...

It is perhaps supremely ironic that the last time we did an in depth analysis of Deutsche Bank's financial situation was precisely a year ago, when the largest bank in Europe (and according to some, the world), stunned its investors with a 10% equity dilution. Why the capital raise...

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...

Conflicts of interest in the Syria debate

During the public debate around the question of whether to attack Syria, Stephen Hadley, former national security adviser to George W. Bush, made a series of high-profile media appearances. Hadley argued strenuously for military intervention in appearances on CNN...

Saving Syria: Assessing Options for Regime Change

Syria is trapped on a crumbling precipice, and however it might fall will entail significant risks for the United States and for the Syrian people. The brutal regime of Bashar al-Assad is employing its loyal military forces and sectarian thugs to crush the opposition and reassert its tyranny. Even if...

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...

U.S. secretly backed Syrian opposition groups, cables released by WikiLeaks show

The State Department has secretly financed Syrian political opposition groups and related projects, including a satellite TV channel that beams anti-government programming into the country, according to previously undisclosed diplomatic cables. The London-based satellite channel, Barada TV, began broadcasting in April 2009 but has ramped up operations to cover the...

Epidemics of Control Fraud Lead to Recurrent, Intensifying Bubbles and Crises

Control frauds are seemingly legitimate entities controlled by persons that use them as a fraud “weapon.” A single control fraud can cause greater losses than all other forms of property crime combined. This article addresses the role of control fraud in financial crises. Financial control frauds’ primary weapon is...

An exorbitant privilege? Implications of reserve currencies for competitiveness

Could the US prioritize domestic growth and jobs over its global responsibilities, sparking greater currency volatility that threatens competitiveness? Sharp exchange rate volatility is a sign of stress in the world currency system and has reignited debate about whether the dollar will continue to be the world's primary reserve currency...

Adam Smith Was Right about Corporate CEOs Incentives absent Effective Regulation

Our different views prove that hindsight is often myopic. Larry White’s take is that Clintonian regulations perverted private incentives. The boom and bust happened in a system with ... extensive legal restrictions on financial intermediation. Nor have we had banking and financial deregulation since ... 1999. (One can’t explain an unusual...

Classified U.S report into the Fallujah assult

Leak: Complex Environments: Battle of Fallujah I, April 2004 Former U.S. Secretary of Defense Donald Rumsfeld launched the failed April 2004 assault on the Iraqi town of Fallujah before marines were ready because it had become "a symbol of resistance that dominated international headlines" and similar considerations eventually destroyed the...

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