The Global Bankers’ Coup by Ellen Brown

The colour of money; Financial Stability Board (FSB) headquartered in the Bank for International Settlements in Basel, Switzerland

Image by Dominik via Flickr

by Ellen Brown
Writer, Dandelion Salad
The Web of Debt Blog
December 12, 2014

On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook. Continue reading

Backfired! by Michael Hudson + Hudson: China and Russia Trade Deals Due To Sanctions

Updated: Dec. 14, 2014

by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
December 12, 2014

U.S. New Cold War policy has backfired – and created its worst nightmare

1. The world’s geopolitics, major trade patterns and military alliances have changed radically in the past month. Russia has re-oriented its gas and oil trade, and also its trade in military technology, away from Europe toward Eurasia. Continue reading

The Koch Brothers’ Governors by Jeffery Sommers and Michael Hudson

IMG_2564.1.web

Image by Peg Hunter via Flickr

by Jeffery Sommers and Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
December 12, 2014

Butlers Selling the Public’s Silver…. A Dress Rehearsal for Hillary?

The Koch Brothers are the closest thing the United States has to Russia’s oligarchs. They fuse ownership of the economy and state, using the latter to enrich themselves while making private gains through the public’s losses. Their idea of a “market economy” is to buy government officials and the assets they privatize at giveaway prices. Continue reading