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Joe Weisenthal – Davos Boss Warns Refugee Crisis Could Be Precursor to Something Much Bigger

As the crash in commodities prices spreads economic woe across the developing world, Europe could face a wave of migration that will eclipse today’s refugee crisis, says Klaus Schwab, executive chairman of the World Economic Forum. “Look how many countries in Africa, for example, depend on the income from oil exports,” Schwab said in an interview ahead of the WEF’s 46th annual meeting, …

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Tony Cartalucci – Turkey: Bombing Its Way to a Better Narrative

A recent bombing in the Turkish city of Istanbul has left at least 10 dead and 15 injured. The government in Ankara was quick to blame the so-called “Islamic State” (ISIS/ISIL/Daesh), claiming the bomber was “Syrian” and had crossed over from Syria into Turkey before carrying out the terrorist attack. The Guardian would report in its article, “Deadly Istanbul blast …

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Paul Craig Roberts – Good-Bye To Western Living Standards

My column, “Capitalism At Work,” about Greek women being forced into prostitution by banksters and the IMF produced a number of responses from women, who report that austerity is having the same effect all over Europe. This is from a letter from Portugal: “Your article ‘Capitalism At Work’ shows absolutely what’s happened here in Portugal. It is common for young …

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Abayomi Azikiwe – The Re-emerging African Debt Crisis. Renewed IMF “Economic Medicine”

During the 1970s-1990s much attention was focused on the rising debt crisis in post-colonial Africa. Continental states after gaining national independence realized that there could be no genuine development while financial obligations to western-based lending institutions were rapidly escalating. With the balkanization of the continent during colonialism, the national independence movements without political integration and economic unification faced formidable challenges in …

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It’s Our Money with Ellen Brown – What Democracy? – 10.28.15

As if the Greek tragedy of Syriza’s thrashing by the European Troika wasn’t enough, we’ve just witnessed direct overrule of a popular vote by the President of Portugal who refuses to accept a resounding public vote for governmental change. “The bondholders must be served!” reflects his declaration and the predicament citizens of the world face in reclaiming control of their money and their governments from Supra-national Finance. This week Ellen talks with Dr.Thomas Marois about how public banking is working despite the anti-democratic developments in other nations of the world and how the future of public banking will depend on social and political movements, and she looks at some of the current monetary issues headlining in the US with co-host Walt McRee. Bernie Sander’s support for postal banking is another headline grabber, as reported by Matt Stannard on the Public Banking Report.

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Leid Stories – 10.21.15

Leid Stories Poll: What’s Shaping Your Political Attitudes, Choices?
Seems it’s a poll-driven presidential race. Who’s running, waiting, quitting, leading, lagging, or doesn’t have a prayer—it’s all in the polls. Running the spectrum between unbiased (few in this category) and blatantly partisan (way too many in this category), the intent, more and more, is not merely to ascertain or reflect what people are thinking or doing, but to sway and skew public opinion so as to influence political attitudes and choices.

Leid Stories conducts its own unofficial poll today, asking listeners an open-ended question: “What’s shaping your political attitudes and choices?”

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Bill Holter – Unsettled Markets and “Financial Exhaustion”: What Happens when you Raise Interest Rates on a Wobbly Creditor System?

Doom and gloom “porn”, this is the new troll term to describe the realities being described by those who use math and pure logic to derive conclusions.  What other conclusions can one come to than “it’s been a great ride but it’s nearly over”?  We are only a week away from the Fed meeting where interest rates may come off …

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Peter Koenig – Greece: Has The New Government Already Sold-Out Before New Elections on 20 September?

The Delphi Initiative of Greece issued yesterday the following statement under the title Tsipras – Kammenos Surrender Greece: The Greek Left is a political force, the supporters of which gave heroic struggles in the past to defend democracy and national independence of Greece, thousands and thousands of them dying, sent into prison and exile or tortured. It is the first …

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Alternative Visions – US GDP Revisions + A Tale of Two Debt Deals-Greece & Ukraine – 08.28.15

Jack examines the big swing in the revised GDP figures for the 2nd quarter, and raises questions about the US Government’s ability to adjust for seasonality in the figures. How is it that every year for the past four years, the US economy (and GDP numbers) collapse to near zero or less in the winter and then surge above average in the spring-summer? Can it be just coincidence, occurring now four times? How reliable are GDP numbers, in the US and globally (China, India, Europe?). Jack then looks at the details of the recent revision, concluding that business inventories, net exports, and commercial building number swings have good reason to doubt the veracity or continuity of the numbers. In the second half of the show, the recent debt restructuring deals just concluded in Greece and Ukraine in recent weeks indicate a new kind of colonialism may be emerging in the periphery of Europe, where debt is used as the ‘product’ by the colonizers to extract wealth and an income stream from the ‘colony’ by means of financial asset transfer instead of direct low wage and low cost production of goods—as in the case of past forms of colonialism. Jack reviews in detail the recent Memorandum signed by Greece and the Troika, which not only reveals even more austerity but now a direct management of the Greek colony economy to ensure payments on the $400 billion plus debt continue to be made. Direct management is a new feature of the new ‘inside’ colonialism. Direct management is even more blatant in the case of the Ukraine deal, Jack explains, where former US and EU shadow bankers now run Ukraine’s economy on a day to day basis. Depressions will get worse in both countries and more debt restructurings are inevitable.

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Deirdre Fulton – After Contentious All-Nighter, Greece Bailout Approval Spurs Rebellion

In a development spurring calls for a new “anti-bailout movement,” the Greek Parliament early Friday approved a controversial €85 billion financial rescue package—the country’s third such bailout from foreign creditors in five years, and one that will require the Greek people to endure further cuts and austerity. “After more than seven hours of often passionate, bad-tempered debate, all through the …