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The Faustian Bargain between States and Banks

The Faustian Bargain between States and Banks

By Stefan Kaiser, Der Spiegel, 23 November 2012

States and banks have made a deal with the devil. Banks buy the sovereign bonds needed to prop states up in the tacit understanding that the states will bail them out in a pinch. But experts warn that this symbiotic arrangement might be putting the entire financial system at risk.

Pushing Back Against Stealth Jihad Charter Schools

Pushing Back Against Stealth Jihad Charter Schools

November 13, 2012 By Arnold Ahlert Comments (60)

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Americans may not realize it yet, but Turkey’s regression from a secular democracy into an Islamic state may be based on an educational movement that has also taken root in America. Imam Fethullah Gülen and his Gülen Movement (GM) have had enormous influence in setting the increasingly Islamist agenda of Turkey’s ruling Justice and Development Party (AKP).

Top Economic Advisers Forecast World War

Top Economic Advisers Forecast World War

Submitted by George Washington on 11/18/2012 11:40 -0500

Charles Nenner China Global Economy Goldman Sachs goldman sachsJim Rogers Kyle Bass Kyle Bass Marc Faber Purchasing Power Trade War Trade Wars

Kyle Bass writes:

Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social fabric of the profligate nations will be stretched and in some cases torn. Sadly, looking back through economic history, all too often war is the manifestation of simple economic entropy played to its logical conclusion. We believe that war is an inevitable consequence of the current global economic situation.

Betting with Trillions Prison of Debt Paralyzes West

Betting with Trillions Prison of Debt Paralyzes West

Der Spiegel, 16 November 2012
Be it the United States or the European Union, most Western countries are so highly indebted today that the markets have a greater say in their policies than the people. Why are democratic countries so pathetic when it comes to managing their money sustainably?

Hague war court acquits Croat Generals Gotovina and Markac

 

Hague war court acquits Croat Generals Gotovina and Markac

16 November 2012

 

 

A war crimes court in The Hague has overturned the convictions of two Croatian generals charged with atrocities against Serbs in the 1990s.

Appeals judges ordered the release of Ante Gotovina and Mladen Markac.

How Shadow Banks Rule the World

How Shadow Banks Rule the World

By Martin Hesse and Anne Seith, translated from the German by Christopher Sultan

14 November 2012

Beyond the banking world, a parallel universe of shadow banks has grown in the form of hedge funds and money market funds. They're outside the reach of conventional financial regulation, prompting authorities to plan introducing new rules to prevent the obscure sector from triggering a new financial crisis. But in doing so they risk drying up an important source of funding to banks and firms.

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