Saturday, June 4, 2011
CrossTalk: Power of War
On this edition of Peter Lavelle's CrossTalk: Is Obama's power subject to the War Powers Act? Is the war in Libya an exceptional case or is it just part of the empire complex? Are there any limits to Obama's actions? And will there be any legal consequences of such illegal behavior? CrossTalking with Robert Naiman, Dave Kopel and Leslie Vinjamuri.
Gaddafi's Stolen Billions: Max Keiser Explains 'Financial Terrorism'
by RussiaToday on Jun 3, 2011
International bankers have reportedly wasted billions of dollars invested by Libyan leader Colonel Gaddafi. The Financial Times says giants like Goldman Sachs were dealing with the dictator's investments when it needed to plug a hole during the economic crisis. Most of the money has been lost, but with what's going on in Libya any repayment seems unlikely.
Americans the new Soviets in Afghanistan?
President Obama is expected to start withdrawing troops from Afghanistan as early as next month. Ten years after America began occupancy though, has the country accomplished anything since the September 11 attacks? What began as a war against al-Qaeda has morphed into a battle with the Taliban which author Jere Van Dyk is calling a quagmire. The short answer, says Van Dyk, is that the US is not winning the war. In that case, he says, the US needs to get out of Afghanistan without handing it over to the Taliban.
Dollar hit by Moody's warning
From WSJ.com:US Treasuries and the dollar were hit yesterday by the ratings agency Moody’s warning that it might review the US government’s Aaa debt rating for a possible downgrade as early as next month, unless politicians in Washington can come to an agreement on cutting the deficit and raising the debt ceiling.
Moody’s also put Bank of America, Citigroup and Wells Fargo on review for possible downgrades, noting that these banks’ ratings have been buoyed by government support for the banking sector. However, in light of the passage of last year’s Dodd-Frank financial reform Bill, these banks may not be able to count on the same level of government support in the event of a future crisis – something that has negative implications for their credit ratings.
Libya being cluster f'ed by the banksters
As NATO bombs continue to rain down on Libya, it's come to light that one Alliance member may have been helping supply the enemy. Several large Spanish banks are reported to have financed the manufacturers of cluster bombs - a weapon that's been banned since 2008.
Subscribe to:
Posts (Atom)