The Absurdity Of Celebrating ‘Successes’ Of Scandal-Ridden, Bailed-Out Banks
By Don Quijones: Mathieu Kassovitz’s modern French classic La Haine – an adrenalin-fuelled, highly prescient film from 1995 about the rising social tensions between Paris’ economically deprived banlieues and its wealthy core – begins with the following quote from Hubert, one of the film’s main characters:
Heard about the guy who fell off a 50-storey skyscraper? On his way down past each floor, he keeps saying to reassure himself: So far so good… so far so good… so far so good. But it’s not the fall that matters. It’s how you land!
Hubert’s words, I believe, are the perfect summation of the grim predicament we currently face. As the global financial system hurtles toward eventual collapse, our political and business leaders and their loyal servants in the financial and general press keep saying: “So far, so good” (Jusq’ui ici tout va bien). While no-doubt temporarily reassuring, this mantra cloaks a very stark reality - namely, that the bone-crushing landing is getting closer and closer.The past week saw two perfect examples from Europe of this generalised tendency to deny or at least cloak the bleak reality of our financial malaise, the first of which was from the UK.
Case One: The Mother of All TBTF Monstrosities
Feminism: A Repetitive Broken Ideological Record...
#Womenagainstfeminism: Nurdy Dancing Compares Shaming Of Blacks To Shaming Of Males
Nurdy Dee: An unjust law is no law at all.
You Can’t Taper A Ponzi Scheme: Time To Reboot
Two of the world’s most powerful women of finance sat down for a lengthy discussion Wednesday on the future of monetary policy in a post-crisis world: U.S. Federal Reserve Chairwoman Janet Yellen and International Monetary Fund Managing Director Christine Lagarde. Before a veritable who’s-who in international economics packing the IMF’s largest conference hall, the two covered all the hottest topics in debate among the world’s central bankers, financiers and economists.Among those hot topics was the runaway shadow banking system, defined by Investopedia as “The financial intermediaries involved in facilitating the creation of credit across the global financial system, but whose members are not subject to regulatory oversight. The shadow banking system also refers to unregulated activities by regulated institutions.” Examples given include hedge funds, derivatives and credit default swaps.
Conventional banks also engage in “shadow banking.”
Thousands Rally Against Gaza Strikes In London, Paris, Dublin, Tel Aviv + Israel Genocide Off For Another 24 Hours, Gaza Death Toll Passes 1,000 + Pro-Palestinian Demos Held Across World
RT: Tens of thousands of demonstrators have marched across London to
protest Israel's Operation Protective Edge, carrying signs reading
“Gaza: End the siege.” Rallies also took place in France, Ireland and
Israel as the Palestinian death toll surpassed 1,000.Metropolitan Police placed the number of participants in London at around 45,000, The Independent reported. The demonstration, which began near High Street Kensington, passed the Israeli Embassy and eventually reached Parliament Square. Participants chanted, “Long live Gaza; long live Palestine” as they marched.
Several high profile speakers addressed the crowd, including Labour MP Diane Abbot, who said the participants were there to show solidarity with the people of Gaza.
Saturday’s march occurred in the context of a 12-hour ceasefire between Israel and Hamas that began at 8 a.m. local time. Israel said that while it would adhere to the ceasefire, it would also continue to look for tunnels potentially used by the Hamas resistance.
A Journey Into The ”Oppressive” Past of Women
By : A field study by a Member of the Royal Anthropology Society, (M.R.A.S.), Sir Kimski.
Over the past century and even long before that, one of the most
persistent and enduring claims of the feminist movement has been “the
historical oppression of women” perpetrated by men. Anyone capable of
reading and comprehending basic English literature can walk into any
library and find evidence to the contrary, or at least evidence
substantiating the fact that both women and men suffered to an equal
extent on our journey towards today’s civilization. Just like today,
everyone was living under the iron fist of the ruling class, warlords,
kings and queens alike, and just like today, both men and women were the
pawns in their political schemes.
Over the past century and even long before that, one of the most
persistent and enduring claims of the feminist movement has been “the
historical oppression of women” perpetrated by men. Anyone capable of
reading and comprehending basic English literature can walk into any
library and find evidence to the contrary, or at least evidence
substantiating the fact that both women and men suffered to an equal
extent on our journey towards today’s civilization. Just like today,
everyone was living under the iron fist of the ruling class, warlords,
kings and queens alike, and just like today, both men and women were the
pawns in their political schemes.