VIDEO — “This Is Day One Of A New Age” – Jeffrey Tucker on Bitcoin
Press For Truth
Dec 1, 2014
“We’re entering into a new world, nobody knows anything about this world. We didn’t know that money could be completely produced privately… this is day one of a new age.” Says Jeffrey Tucker of Liberty.Me in this interview with Dan Dicks.
Dan and Jeff talk bitcoin and how it relates to liberty and whether there are any nefarious plans behind the cryptocurrency. Tucker is excited for the future of this money without the state. “I’m really looking forward to this world of alt coins, radical diversity in coinage.”
Meet the BRICS’ “New Development Bank”
The Corbett ReportJames Corbett
corbettreport.com
This article originally appeared in The Corbett Report Subscriber newsletter on August 23, 2014. To subscribe to the newsletter and become a member of The Corbett Report website, please sign up for a monthly or annual membership here.
Last week we attempted to dispel some of the confusion surrounding the World Bank and the IMF, how the two are differentiated, and what the World Bank actually does.
As you’ll recall, Bretton Woods architect John Maynard Keynes admitted that the confusion over the bodies was embedded in their names; the World Bank should rightly be referred to as a fund (for development projects) and the International Monetary Fund as a bank (to help countries cover balance of payment deficits and ensure financial stability). The World Bank itself is a body that ostensibly provides long-term low interest or no interest loans secured on the global bond market to fund sectoral reforms and infrastructure development projects in some of the poorest countries in the world.
As we saw last week, however, the Bank is used as a weapon by the economic hitmen identified by John Perkins and others, directing infrastructure development funds to crony corporations and forcing countries into debt obligations that they will be unable to meet. These impossible debt obligations are then used to give the Bank leverage over the developing world economically and geopolitically. What’s more, both the IMF and the World Bank have historically been controlled by the US and Europe, and clamors for reform in governance from the developing countries have fallen on deaf ears.
It is in the context of this IMF/World Bank stranglehold over the global financial architecture that we have to understand the stunning development that took place at the 6th BRICS (Brazil, Russia, India, China, South Africa) Summit in Fortaleza, Brazil last month: the creation of a New Development Bank (NDB) to compete with the World Bank in providing funds for infrastructure development to developing nations and the creation of a Contingency Reserve Arrangement (CRA) to compete with the IMF in providing liquidity protection to countries with balance of payment difficulties.
The development was by no means surprising: the idea for a BRICS development bank has been bandied about for years now and was written about in the pages of this newsletter extensively last year. Nor does it represent (at least at this point) a fundamental challenge to the World Bank or IMF’s dominance; neither the NDB’s $50 billion USD in subscribed capital nor the CRA’s $100 billion liquidity pool come close to the World Bank’s $232.8 billion in subscribed capital or the IMF’s $755 billion in liquidity ($1.4 trillion if you include emergency funds). Neither do they have the infrastructure yet in place to coordinate and deploy these funds, nor a track record of working with the world’s poorest countries to ensure that funds reach their intended targets and not the Swiss bank accounts of corrupt politicians and middlemen.
Still, there is something of a revolutionary feel to the obligatory pictures of the smiling BRICS leaders coming out of this year’s summit. This year the smiles do not seem quite as forced. Perhaps they even seem a little self-assured. It may be a baby step, but after all it is a step toward a world where the poorest countries do not have to turn cap in hand to the IMF or World Bank for financial aid.
But what are the implications of this for the developing countries themselves and the prospect of genuine development? What does this development say about the BRICS and their growing ambition on the world geopolitical stage? And where does this fit into the age-old banker quest for global government? To answer these questions, we must first examine the institutions in question.
VIDEO — Obama’s Executive Order: Immigration, Amnesty and Contradictions
Stefan Molyneux
Nov 21, 2014
President Barack Obama recently spoke on the “executive action” he was taking to deal with the broken immigration system in the United States. Stefan Molyneux breaks down the speech, examining what was said, what wasn’t said and the hidden contradictions.
Ferguson’s Violent Hangover and The Incredible Shrinking President
Patrick Henningsen
21st Century Wire
[Nov 26, 2014]
A verdict was returned, and Ferguson burned. Anyone who was really paying attention was hardly surprised.
It brought back memories of similar scenes; the 1965 Watts Riots, the Rodney King verdict and the subsequent 1992 LA Riots, and most recently the aftermath of the Zimmerman-Martin verdict in 2013. But this time it made little, if any sense.
Monday evening in Clayton, Missouri, St. Louis County prosecutor Robert McCulloch announced that a Grand Jury had delivered its decision for Officer Darren Wilson vs. Michael Brown. Five indictment charges were presented and the jury found “no probable cause” and returned a “no true” bill for all five charges. Tremors began to shake the streets almost immediately after…
See Full Ferguson Time Line Here
Professional street agitator of Freddy’s Fashion Mart fame, FBI supergrass, and (somehow) now a White House ‘advisor’, Al Sharpton, wasted no time getting in front of TV cameras and claiming that street outrage, rioting and looting were somehow ‘warranted’, and proceeded to deliver a veiled threat to the prosecutors office stating, “This is not our first rodeo McCulloch, we will deal with this in a way civil rights leaders have”.
STEPFATHER LOUIS: “Burn this bitch down!”
CNN reported how last night, Louis Head, the stepfather of “gentle giant” Michael Brown, married to Brown’s mother, Lesley McSpadden, was on the streets outside of Ferguson Police Department Headquarters screaming to the angry mobs, “Burn this bitch down!”, following prosecutor Bob McCulloch’s announcement of a ‘Not Guilty’ verdict.
Head himself should be charged with reckless (and brainless) endangerment after such an incitement – at a time when the mob was assembling and ready to boil over. As an ex-con himself, now inciting street violence, Head might just be in violation of his parole. Nonetheless, Head’s approach pretty much embodies the mentality and politics of everyone who jumped onto the cultural Marxist bandwagon for this latest joy ride; lynch mob rules, and to hell with rationality. More balkanization of American society. Divide and Rule. Welcome, to another addition of Thunderdome…
Flash Mobs ‘In Solidarity’, For Solidarity’s Sake
Late last night, St. Louis Police confirmed over 150 gunshots were fired last night – from protesters – towards police, including shots fired at police helicopters. Fire fighters who arrived to put out flames set by Ferguson arsonists also took gunfire from the mob and were forced to retreat, leaving fire hoses laying on the streets at midnight.
We are continuously told the following from activists and community organizers: “the community is shocked and angered by the decision (verdict)”, but if you actually review the facts and full transcripts of the testimonies (read the full PDF below) in what was seems to be a very thorough investigation, then it’s hard to see exactly what the community would be shocked about. In general, protesters cared little about witness testimonies and seemed uninterested about in any evidence presented.
Because the verdict went the wrong way, the mob seems to have even brushed off the testimonies of black witnesses, who were also local residents.
With all the mindless media rhetoric and the flaky ignorance of legal due process, one can only conclude that mobs are not mourning for Michael Brown, nor are that concerned with justice either, and are certainly not interested in the rule of law (that should be pretty obvious by now). They saw a big colorful bandwagon, all gassed-up and ready to go. Another opportunity to ‘organize’...
VIDEO — Obey or Else – American Police State
Activist Post
Nov 26, 2014
In the wake of the grand jury decision in Ferguson, Charlie Mcgrath explains how an absolute police state is being trumpeted as the solution to police abuse.
Visit WideAwakeNews.com
Justice Department to open civil rights investigation in Eric Garner case
Published time: December 03, 2014 23:29
Edited time: December 04, 2014 00:57
The US Justice Department announced that it is opening a federal civil rights investigation into the death of Eric Garner, who was killed by a chokehold at the hands of police.
US Attorney General Eric Holder made the announcement Wednesday evening, in the wake of a grand jury decision not to indict the police officer responsible for placing Garner in a chokehold. The investigation will consider whether or not police violated Garner’s civil rights.
Prosecutors will conduct an independent, thorough, and fair investigation, Holder said, including a “complete review” of material gathered during the local investigation.
In order to bring charges against New York Police Department Officer Daniel Pantaleo, the Justice Department will need enough evidence to prove beyond a reasonable doubt that Garner’s rights were violated, and that Pantaleo did so “willfully.”
A man holds a banner as he takes part during a protest in support of Eric Garner at Union Square on December 3, 2014 in New York City.(AFP Photo / Kena Betancur)
Garner was killed back in July, when multiple officers targeted him for selling loose, untaxed cigarettes. The 43-year-old Staten Island man was placed in a chokehold by police who tried to arrest him, then taken to the ground. Video footage of the incident was captured by a bystander, during which Garner can be heard yelling that he can’t breathe, but it doesn’t seem as if officers responded to his complaints.
His death was declared a homicide and a grand jury was convened to determine whether Pantaleo would face criminal charges. On Wednesday, however, the jury decided not to indict him.
PN 