Alternatives Agriculture and Food Sovereignty ALBA Arbitration Audit Bank of the South Capitalism Climate crisis Corporations Corruption / financial criminality Debt campaign Debt crisis Debt in the History Debt n Northern countries ecological crisis Ecological debt External debt Films Financial crisis food crisis G8 / G20 Globalization ICAN Illegitimate debt IMF Indigenous people Initiative for the heavily indebted poor countries (HIPCs) International Financial Institutions (IFI) International law Migrations Natural Resources Neoliberalism No Global Movement Odious debt Paris Club (The) Poverty Reduction Strategy Papers (PRSP) Privatizations Reparations Social Forum Social movements Structural Adjustment Struggle against poverty Third World Debt Vulture funds Women World BankCrisis
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International Protest on the 1st of June1 June 2013
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Czech Republic : Society Cannot be Cut Out
by ProAlt20 April 2013
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Series: Banks versus the People: the Underside of a Rigged Game! (Part 7)
The Mockery of Banking Disciplineby Éric Toussaint
23 March 2013
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Series: Banks versus the People: the Underside of a Rigged Game! (Part 6)
Even the IMF agrees…by Éric Toussaint15 March 2013
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Press release
Irish campaigners support Europe-wide protests against austerity in run-up to EU Summit, reject claims of Irish ‘success story’
by Anglo: Not Our Debt Campaign14 March 2013
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Series: Banks versus the People: the Underside of a Rigged Game! (Part 5)
The Banks, Fragile Giants by Éric Toussaint15 February 2013
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Series: Banks versus the People: The Underside of a Rigged Game! (Part 4)
A journey into the vice-ridden world of bankingby Éric Toussaint2 February 2013
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Banks versus the People: The Underside of a Rigged Game!by Éric Toussaint
12 January 2013
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Series: Banks versus the People: the Underside of a Rigged Game! (Part 3)
The greatest offensive against European social rights since the Second World War by Éric Toussaint12 January 2013
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Series: Banks versus the People: The Underside of a Rigged Game! (Part 2)
The ECB and the Fed at the service of the major private banksby Éric Toussaint10 December 2012
Europe is under a violent attack by the financial capital, represented by the troika (IMF, ECB, EC). This offensive crosses Europe and it must be defeated by an international struggle.
A Manifesto by ProAlt – Initiatives for Critique of Reform Measures and Supporting Alternatives. They call it a “government of fiscal responsibility,” but they are actually implementing policies that are irresponsible to nature and to society. It is incumbent upon us, the citizens, to take responsibility back. We shall therefore raise our voices in protest, and stimulate a broad discussion of alternatives. We will galvanize public action to show that society cannot be left out of economic (...)
“Markets have become too huge, complex, and fast-moving to be subject to twentieth-century supervision and regulation. No wonder this globalized financial behemoth stretches beyond the full comprehension of even the most sophisticated market participants. Financial regulators are required to oversee a system far more complex than what existed when the regulations still governing financial markets were originally written. ” |1| This remark by Alan Greenspan, chairman of the US Federal Reserve (...)
IMF declarations that do not please European leaders In October 2012, the IMF provided a key explanation of why the crisis was getting worse in Europe. Its Research Department wrote that every euro cut from public spending would result in a .90 to 1.70 euro decrease in Gross Domestic Product (GDP). Wolfgang Münchau, who is editorialist at the Financial Times, concludes that in this time of crisis a 3% fiscal adjustment (that is a 3% decrease in public spending) would produce a 4.5% decrease (...)
Press release, 13 March 2013: Issued by: Anglo: Not Our Debt Campaign For immediate release The EU Summit taking place in Brussels this Thursday, 14th March, is set to increase poverty and inequality within Ireland and across the EU, according to campaigners. ‘For a European Spring’ – a coalition of movements from 13 countries, including Ireland – are registering their opposition to the EU approach to the Eurocrisis, including through a big demonstration in Brussels on the 14th. The Anglo: (...)
“In order to facilitate the financing, insuring, and timeliness of all that trade, the volume of cross-border transactions in financial instruments has had to rise even faster than the trade itself. Wholly new forms of finance had to be invented or developed, credit derivatives, asset-backed securities, oil futures, and the like all make the world’s trading system function far more efficiently. In many respects, the apparent stability of our global trade and financial system is a (...)
“As the Economist put it at year-end 2006, ‘having grown at an annual rate of 3.2% per head since 2000, the world economy is over halfway towards notching up its best decade ever. If it keeps going at this clip, it will beat both the supposedly idyllic 1950s and the 1960s. Market capitalism, the engine that runs most of the world economy, seems to be doing its job well.’” |1| Alan Greenspan The primary objective of the world’s leaders is to avoid another banking and financial crash that (...)
The first three parts of the series ’Banks versus the People: the Underside of a Rigged Game!’ published in 2012, have been collected together in this one document. This series is to be continued during January 2013. Part 1 : 2007-2012: Six years that shook the banking world Since 2007-2008, the major central banks (the ECB, Bank of England, the “Fed” in the USA, and the Swiss National Bank) have been making it their absolute priority to attempt to avoid a collapse of the private banking (...)
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