Reforming the Global Financial System

Haircut Time For Bondholders

By Mike Whitney

When George Soros recently said that the financial system had "effectively disintegrated", it caused quite a flap. But Soros was not exaggerating. The financial system has disintegrated. What we are experiencing now is just the fallout from that event.

//informationclearinghouse.info/article22202.htm



Reforming the Global Financial System

Flushing the Parasites

By Nikki Alexander

Why rob just one bank when you can rob the whole nation? And why rob just one country when you can rob them all? Flushing the global economy of this systemic parasite begins with understanding how its debilitating web of debt is manufactured.

//informationclearinghouse.info/article22199.htm



Madoff and Company Spent Nearly $1 Million on Washington Influence

By Lindsay Renick Mayer

The man behind a $50 billion Ponzi scheme that has roiled Wall Street and shaken up the nonprofit world was also a long-time contributor to Democrats, the nonpartisan Center for Responsive Politics has found.

//informationclearinghouse.info/article22201.htm

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Why the global economy is a Ponzi scheme and we are all Bernie Madoffs

AlterNet
by Joseph Romm

03/10/09

[E]very generation that comes after the Baby Boomers are poised to experience the dramatic changes in lifestyle that inevitably follow the collapse of any Ponzi scheme. … We aren’t all Madoffs in the sense of people who have knowingly created a fraudulent Ponzi scheme for humanity. But given all of the warnings from scientists and international governments over the past quarter-century … it has gotten harder and harder for any of us to pretend that we are innocent victims, that we aren’t just hoping we can maintain our own personal wealth and well-being for a few more decades before the day of reckoning...

//tinyurl.com/d2e22h


Informant: Thomas L. Knapp



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