Archive for the 'Elite' Category
Helmut Kohl: I Acted Like a Dictator to Bring in the Euro
April 10th, 2013Via: Telegraph: Helmut Kohl, Germany’s former chancellor, has admitted that he acted like a “dictator” to bring in the single currency to the country, otherwise he “would have lost” had he held a referendum. In an interview conducted for a journalist’s PhD thesis, Germany’s longest-serving postwar chancellor said that he would have lost any popular […]
Margaret Thatcher Dead at 87
April 8th, 2013Via: BBC: Former Prime Minister Baroness Thatcher has died “peacefully” at the age of 87 after suffering a stroke, her family has announced. Successor David Cameron called her a “great Briton” and the Queen spoke of her sadness at the death. Lady Thatcher was Conservative prime minister from 1979 to 1990. She was the first […]
Biden: “Create a New World Order”
April 7th, 2013Via: CSPAN: Vice President Joe Biden calls for the creation of a “new world order” at the Export Import Bank conference in Washington on April 5, 2013. Flashback: 1992 Biden Speech: “On the Threshold of the New World Order: A Rebirth for the United Nations”
‘Bitcoin Really Is an Existential Threat to the Modern Liberal State’
April 6th, 2013Via: Bloomberg: So far, Bitcoin is not a big deal. Its total value in circulation was $1.4 billion as of this week. That’s equivalent to the currency stock of a small nation — somewhere between Iceland and Uruguay — and just one-thousandth of the total value of U.S. dollars in circulation. The volume of transactions […]
Price Increases for U.S. Military Gear Dwarf Most Nations’ Defense Budgets
April 5th, 2013Madness. Via: Wired: Here’s an example of what Defense Secretary Chuck Hagel was talking about in his Wednesday speech on reforming the way the Pentagon buys gear. If you look at just the increases in how much defense gear costs, the bloat dwarfs what nearly every other nation on earth spends on defense annually. I […]
Inside the Global Offshore Money Maze
April 5th, 2013How many intelligence services have cutouts listed in this heap of data??? Via: International Consortium of Investigative Journalists: Dozens of journalists sifted through millions of leaked records and thousands of names to produce ICIJ’s investigation into offshore secrecy A cache of 2.5 million files has cracked open the secrets of more than 120,000 offshore […]
Enron’s Skilling May Be Released From Prison Over A Decade Early
April 4th, 2013Via: Zero Hedge: Former Enron CEO Jeff Skilling may be the latest beneficiary of the culture of pervasive permitted, even according to some – encouraged, crime. After being sentenced to prison for 24 years in the aftermath of Enron’s spectacular 2001 bankruptcy, the former CEO may be released after serving well less than half of […]
Bank of Japan to Pump $1.4 Trillion Into Economy in Unprecedented Stimulus
April 4th, 2013Via: Reuters: The Bank of Japan unleashed the world’s most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows. New Governor Haruhiko Kuroda committed the BOJ to open-ended asset […]
Obama Administration Pushes Banks to Make Home Loans to People with Weaker Credit
April 3rd, 2013Via: Washington Post: The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place. […]
‘Let Them Eat Teslas’
April 3rd, 2013Why are tuition costs so high in the first place? Government Inflated the College Loan Bubble: The real problem is that we’ve been running a higher education bubble, one that — like the real-estate bubble — has been pumped up by cheap government money. Since 1999, student loan debt has increased by 511%, while disposable […]
