Petro-Dollar Recycling

Kissinger’s agreement with OPEC detailed US protection and funding for infrastructure, regime protection, and military assistance for OPEC nations

if they agreed to only receive payment for Oil in dollars. In return, OPEC was to purchase T-bills with a percentage (in 1971 it was 20%) of the dollars

it received from its sale of oil. This cycle, from which the US prints IOU’s which countries need to purchase oil which ultimately return to OPEC and

are kept at the Fed is the concept of the petrodollar – suggesting actual reasons for the Iraq war, and many other critical issues about the mess we’re in today….

Get Involved & Know Your Rights

Time is running out….

The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. A recent Cornell University study presents the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. They found that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions.

This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers….

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Wall Street’s 10 Biggest Lies of 2010

What a great year for Wall Street: profits up, bonuses up and, best of all, criticism down, especially from Washington. Somehow Wall Street has much of America believing its lies and rationalizations. We’re even beginning to forget that Wall Street is largely responsible for the economic mess we’re in….

New Ways Bankers Are Spying on You

Big Banker is watching you—more closely than ever.

With lenders still skittish about making new loans, credit bureaus and others are hawking services that help banks probe deeply into your financial closet. The new offerings include ways to look at your rent and utility payments, figure out your income, gauge your home’s value and even rate your banking habits based on details like whether your direct deposits have stopped.

All of this could influence your financial freedom—not to mention the number of junk-mail solicitations you receive….



That ‘Official’ Poverty Rate? It’s Much Worse than You Think

While the shocking new poverty statistics from the Census Bureau indicating that a record 43.6 million Americans lived in poverty in 2009 emphatically demonstrates the severity of the economic crisis, the Census is drastically undercounting this demographic. Apparently the government’s poverty statistics are as accurate as its unemployment statistics.

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