The twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in the American banking system. Such deposits can vanish in an afternoon in the cyber age.
Half of America’s banks are potentially insolvent – this is how a credit crunch begins
Tag: Debt
Honduras: A Coup in the Making
Another coup in the making in Honduras?
The president of Honduras, Xiomara Castro, created a stir when she recently called out a coup in the making against her government. On April 22, the president decried that her government is the victim of “a conspiracy in the making,” which is being plotted by the very same people who had carried out the coup against ex-President Manuel Zelaya in 2009.
Honduras: A Coup in the Making
Video: “I was a paid propagandist” for the President Tudjman in ex-Yugoslavia: Joe Tripician
Waiting for the end of the world
We cannot even begin to imagine the uninterrupted cascading effects of the geopolitical earthquake of 2023 that shook the world: Putin and Xi, in Moscow, effectively signalling the beginning of the end of the Pax Americana.
Waiting for the end of the world
French Radical Protests: Can the Sinister Fascist Traits of Capitalism be Overcome?
President Macron is not a king but a pawn of global finance
The current tenant of the Elysee Palace has been called by NUPES, the left coalition opposition in France, a President-King. To do so is to give him a bigger role and more power than what he has. In reality, Macron is just one of the numerous figure heads of the billionaire class that meets in Davos once a year. The power resides there, concentrated, often anonymous and always brutal in a masquerade of do-gooders. In Davos, the financial Masters of the Universe, posturing as philanthropists, have been in reality jealously protecting the complex Gordian Knot that is global capitalism. Perhaps France’s radical protesters, in their quasi insurrection form, are trying to emulate Alexander the Great by putting this giant Gordian Knot to the sword!
French Radical Protests: Can the Sinister Fascist Traits of Capitalism be Overcome?
UK: Prepay meter scandal reveals workers being slowly crushed by energy debt
Workers who can’t afford crippling energy prices are being forced to pay even higher rates by the vulture providers.
Prepay meter scandal reveals workers being slowly crushed by energy debt
Central banks risk setting off a financial earthquake with constant rate rises, warns ex-IMF economist
“Liz Truss got the blame but the underlying cause was Jay Powell’s rate rises in the US, which has pushed up rates for everybody,” he says.
Worthy and Unworthy Protest
Protesters in some nations are celebrated. Others are ignored. Protest is a human right to be respected but instead can be used as a pretext for nefarious motives such as regime change.
Worthy and Unworthy Protest
Euthanasia Used in Canada to Get Rid of Poorest People
Euthanasia Used in Canada to Get Rid of Poorest People
Related:
Canadians Turn to Euthanasia as Solution to Unbearable Poverty
Why is Canada euthanising the poor?
The problem is neoliberalism—or capitalism, whatever you want to call it! The government doesn’t want to spend more on healthcare (Medicare), welfare, or affordable housing—things that fiscal conservatives, and corporate democrats won’t fund! Yet, there’s always money for war!
Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008
By Pam Martens and Russ Martens: October 27, 2022
At Fed Chair Jerome Powell’s press conference on September 21, he made a remark that went unchallenged by the bevy of reporters in attendance. Powell said this:
Fed’s Powell Calls U.S. Economy “Robust” as Personal Savings Rate Collapses to Same Level as in Financial Crisis of 2008
Ms. Cat’s Chronicles 
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