Bail-In and the Financial Stability Board: The Global Bankers’ Coup

Published on Dissident Voice, by Ellen Hodgson Brown, 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.   Continuer la lecture de « Bail-In and the Financial Stability Board: The Global Bankers’ Coup »

Efficiency no justification for criminal activity – Snowden on CIA torture report

VIDEO, 30.01 min, published on Russia Today RT, Dec 10, 2014 (download video, 236.86 MB).

The world cannot accept efficiency as an excuse for what is essentially “criminal behavior” on the part of the CIA, former NSA contractor and whistleblower Edward Snowden told Amnesty International via a Paris-Moscow video link.

Snowden, who still resides in Russia under an asylum request, told Amnesty International that morality cannot be tossed aside for the sake of so-called “efficiency” when it comes to the activities of the CIA.   Continuer la lecture de « Efficiency no justification for criminal activity – Snowden on CIA torture report »

Generations of Victims: Bhopal's Unending Catrastrophe – part 1

Published on Spiegel Online International, by Anne Backhaus and Simone Salden in Bhopal, India, Dec 9, 2014.

Thirty years after the worst chemical accident in history, the disaster is hitting a new generation. The victims have received little help, professional clean-up has not happened and there are no signs the ongoing environmental catastrophe will end.

When the monsoon washes away the dust of the Indian summer from the landscape, huts and people of Bhopal, the dry basin behind the slum of J.P. Nagar turns into a lake. Laughing children swim in it, fishermen wait for the telltale tug on their lines to signal a catch, and buffalos greedily devour the succulent stems of water lilies … // Continuer la lecture de « Generations of Victims: Bhopal's Unending Catrastrophe – part 1 »

Prominent Germans urge West to stop sabre rattling toward Russia

Published on Russia Today RT (first in german on DIE ZEIT) *, Dec 8, 2014.

A group of prominent Germans are urging their country and the West to open dialogue with Russia. They believe this is essential to ensure peace in Europe, rather than further isolate Moscow, which they say would be “dangerous for the world.”

The petition named ‘New war in Europe? Not in our name!’ was signed by 60 people from Germany’s politics, economy, culture and media sectors – among them former Chancellor Gerhard Schroeder and film director Wim Wenders.   Continuer la lecture de « Prominent Germans urge West to stop sabre rattling toward Russia »