Finance

Will unregulated, debt-based financial products destroy the world? Bloomberg reports that the funneling of capital into instruments of so-called “shadow banking” continues to balloon to unimaginably large proportions: The shadow banking industry…


Via the Nation, David Graeber on rebellion against indebtedness: The rise of [Occupy Wall Street] allowed us to start seeing the system for what it is: an enormous engine of debt extraction….


The U.K.-based Spinwatch has created an eight-minute film on the “private conversations” between government and the banking industry, and the industry’s use of lobbying and public relations to attempt to shape consensus reality in the wake of the financial crisis:

‘What The Bankers Did Next…’ takes a look at the government’s close relationship with the finance industry, some of the key players involved, and their efforts to manage public opinion and shut down debate.









As scandal surrounding the Vatican Bank grows and grows, Der Spiegel looks back at the its recent history of extreme sketchiness: Whereas Benedict XVI and his predecessors have preached humility and ethical…









Confused about what has unfolded since 2008? The sublime absurdity of bank bailouts and what we have(n’t) gotten in return, laid out in adorable animated form:






Here’s an excerpt from an article by G. William Domhoff on Global Research. This may not exactly be news to some of us, but it certainly re-affirms a lot:

…the bottom line is this: A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the U.S. financial system. It allows them to protect and increase their wealth and significantly affect the U.S. political and legislative processes. They have real power and real wealth. Ordinary citizens in the bottom 99.9% are largely not aware of these systems, do not understand how they work, are unlikely to participate in them, and have little likelihood of entering the top 0.5%, much less the top 0.1%. Moreover, those at the very top have no incentive whatsoever for revealing or changing the rules. I am not optimistic.

(Full Article Here)