Friday, March 29, 2013

It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

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Date: Mar 29, 2013 2:13 PM
Subject: It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors
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Friday, 29 March 2013

t r u t h o u t

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It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors

Ellen Brown, Web of Debt: When Americans realize that the alternative is to have their ready cash transformed into "bank stock" of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.

Read the Article 

Injection Well Linked to Destructive Earthquake in Oklahoma, Raising New Fracking Fears

Mike Ludwig, Truthout: Geologists are reporting an uptick in minor earthquakes across the country linked to fracking, specifically with the injection of waste fluids in known seismic faults.

Read the Article 

Walmart's Death Grip on Groceries Is Making Life Worse for Millions of People

Stacy Mitchell, AlterNet: Like Midas in reverse, Walmart extracts wealth and pushes down incomes in every community it touches, from the rural areas that produce food for its shelves to the neighborhoods that host its stores.

Read the Article 

Taking Our Foot Off the Global Warming Accelerator

Dr. Brian Moench, Truthout: Moench proposes a way "to cut energy waste and reduce the nation's emissions of greenhouse gases [that] is very simple, relatively painless and would actually save consumers money immediately, with no upfront costs."

Read the Article 

The Great Cyprus Bank Robbery

Salvatore Babones, Inequality.org: Cypriot banks have failed because they have engaged in all the risky business practices that US banks taught them. It's no surprise that Bank of Cyprus is now going the way of Citibank. The surprise is that it took so long.

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"Capitalism Never Solves Its Crisis Problems; It Moves Them Around Geographically"

Gaius Publius, America Blog: This is one of the best - and visually interesting - animations about modern capitalism and the political/economic system we've been living in for the last 50 years I've ever seen, says Gaius Publius.

Watch the Video 

Government Debt and Deficits Are Not the Problem. Private Debt Is.

Michael Hudson, New Economic Perspectives: You will hear about rising government debt, not private-sector debt. The press follows this hand wringing, urging governments to balance the budget to restore "fiscal responsibility." The problem is that "fiscal responsibility" is economically irresponsible.

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State Department's Keystone XL Contractor ERM Green-Lighted BP's Explosive Caspian Pipeline That Failed to Live Up to Jobs Hype

Steve Horn, DeSmogBlog: In 2002, the Environmental Resources Management (ERM) Group declared the controversial 1,300 mile-long Baku-Tbilisi-Ceyhan pipeline environmentally and socioeconomically sound. Eleven years later, this shady group is giving the same green light to the Keystone XL pipeline.

Read the Article 

50,000 March in Tunisia to Launch World Social Forum

Michael Levitin, Occupy.com: The global next generation will be on full display in Tunisia throughout the week as activists and civic organizations at the World Social Forum engage in hundreds upon hundreds of workshops, panels and strategic discussions to redress universal challenges to human freedom and dignity.

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Take the Oath: A Critic of Marriage Gets Teary

Laura Flanders, The Nation: Laura Flanders reflects on her own views of the institution of marriage as she experiences the importance of marriage equality in her own life.

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