- Iraq and Libya have been taken out, and Iran has been heavily boycotted. Syria is now in the cross-hairs. Why? Here is one overlooked scenario.
- Secret Agenda in Syria?
- Why Eliot Spitzer Is Wall Street’s Worst Nightmare
- Bail-out is out, bail-in is in: time for some publicly-owned banks
Ellen Brown, Special to Evergreene Digest
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Outgoing Director of the National Economic Council Larry Summers speaks during an address to the Economic Policy Institute December 13, 2010 in Washington, DC.
September 4, 2013 | In an August 2013 article titled “ Larry Summers and the Secret ‘End-game’ Memo,” Greg Palast posted evidence of a secret late-1990s plan devised by Wall Street and U.S. Treasury officials to open banking to the lucrative derivatives business. To pull this off required the relaxation of banking regulations not just in the US but globally. The vehicle to be used was the Financial Services Agreement of the World Trade Organization.
The “end-game” would require not just coercing support among WTO members but taking down those countries refusing to join. Some key countries remained holdouts from the WTO, including Iraq, Libya, Iran and Syria. In these Islamic countries, banks are largely state-owned; and “usury” – charging rent for the “use” of money – is viewed as a sin, if not a crime. That puts them at odds with the Western model of rent extraction by private middlemen. Publicly-owned banks are also a threat to the mushrooming derivatives business, since governments with their own banks don’t need interest rate swaps, credit default swaps, or investment-grade ratings by private rating agencies in order to finance their operations.
Why Eliot Spitzer Is Wall Street’s Worst Nightmare, Ellen Brown, Global Research
- If we the people are to take back our power from Wall Street and the corporatocracy, we need a mass movement, coordinated action, and leaders who can organize it; and Eliot Spitzer is one of the few people in a position to play that role who have the experience, vision and courage to carry it through.
- Not Too Big to Jail
- How Congress Could Fix Its Budget Woes Permanently
Bail-out is out, bail-in is in: time for some publicly-owned banks, Ellen Brown, Web of Debt / Nation of Change
- “[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.” —Eric Sprott, Shree Kargutkar, “Caveat Depositor”
- Everything Is Rigged: The Biggest Price-Fixing Scandal Ever,