* NAVAL COMMANDER STANDS TRIAL FOR TELLING SUPER COMMITTEE TO END THE WARS AND TAX THE RICH
By Michael Levitin, Truthout
Consider the story of Leah Bolger, the latest American hero up on trial:
She is a young female artist in the Midwest. She joins the Navy at 22, is made commander and serves two decades as an anti-submarine warfare specialist. After retiring she joins Veterans for Peace and becomes the organization’s first female president. Then, in October of 2011, she commits the crime of interrupting a public congressional hearing of the Super Committee to deliver a message from the 99 percent: End the wars and tax the rich to fix the deficit.
Because of her 45-second transgression, Commander Bolger now faces a court trial this Thursday morning, April 12, where she could receive a maximum jail sentence of six months. Bolger, 54, intends to plead guilty and use her court appearance to draw the connection between America’s deficit debacle and the three-quarters-of-a-trillion-dollar defense budget we, as voting taxpayers, spend as a base-mark for failed and unending military ventures overseas.
Bolger has no illusions about what Americans are up against: a corporate-run military machine that she says “is so big and complicated and intertwined with the government and Congress and the media that I don’t know where you can start unraveling the knot.” […]
* FIX INCOME INEQUALITY WITH $10 MILLION LOANS FOR EVERYONE!
By Sheila Blair (Former FDIC Chairwoman), Washington Post
[…] Under my plan, each American household could borrow $10 million from the Fed at zero interest. The more conservative among us can take that money and buy 10-year Treasury bonds. At the current 2 percent annual interest rate, we can pocket a nice $200,000 a year to live on. The more adventuresome can buy 10-year Greek debt at 21 percent, for an annual income of $2.1 million. Or if Greece is a little too risky for you, go with Portugal, at about 12 percent, or $1.2 million dollars a year. (No sense in getting greedy.)
Think of what we can do with all that money. We can pay off our underwater mortgages and replenish our retirement accounts without spending one day schlepping into the office. With a few quick keystrokes, we’ll be golden for the next 10 years. […]
* ICELAND FORGIVES MORTGAGE DEBT OF ITS POPULATION
The government of Iceland has forgiven the mortgage debt for much of its population. This nation chose a very different way of stopping the crisis from the rest of European countries. It decided to hear the requests of the population and to put politicians and bankers on the bench of the accused three years after their financial excesses would sank one of the most prosperous economies in 2008.
* DEBT CRISIS PLOTTED TO DELIVER THE EURO TO THE IMF
Source: The Daily Bell
Spanish bailout ‘impossible’ for eurozone, says prime minister Mariano Rajoy … The eurozone is not equipped to bail out Spain, the country’s prime minister Mariano Rajoy has admitted, as global traders continued to punish the nation’s stocks and bonds. Mr Rajoy said it was “not possible to rescue Spain” but insisted his country did not need a Greek-style international bail-out anyway …Christine Lagarde, the boss of the International Monetary Fund (IMF), also warned that Europe’s rescue mechanisms were not enough to restore confidence to global markets but said the IMF could provide a “global firewall”. Speaking in Washington on Thursday, Ms Lagarde, who is seeking to raise $500bn (£313.4bn) in extra funds for the IMF from the G20, warned risks to the global economy “remain high; the situation fragile”. “We need a broader approach – and a stronger global firewall – if we are to push back this crisis. The IMF can help. But to be as effective as possible, we need to increase our resources.” – UK Telegraph
Dominant Social Theme: What is needed is a global currency.
Free-Market Analysis: We’ve long since come to the conclusion that the EU‘s sovereign crisis is a manufactured one. This article supports such a conclusion, in our view.
One has to keep in mind the artificiality of the current economic construct. The economy of the world is run via monopoly fiat/paper money printed by central banks. It is this system that has seemingly crashed half of the world’s economy and is well on the way to delivering China into the same situation.
If China’s economy folds – and it seems well on the way – there will likely be a global depression. The elites, in our view, are preparing to offer up the International Monetary Funds’ SDRs as an alternate currency. The IMF is increasingly active as the “lender of last resort” throughout the world (see article excerpt above).
The EU crisis itself, as we have often pointed out, started when certain poorer countries were given large amounts of money by Brussels to “equalize” the economy. These funds were supposed to allow the bureaucracies to address native imbalances and create fiscal health.
Of course, this money was nothing but a kind of bribe. The elites of the given nation pocketed the funds and then made sure their countries entered the EU. After this occurred, further lending took place via the elite’s top, European commercial banks. […]
* BRAVE NEW BANK? BRICS MOOT DROPPING DOLLAR, IMF
The BRICS summit has wrapped up in India. Creating an alternative global lender and stepping away from the dollar as a reserve currency were among their main objectives. RT also spoke to Dr Sreeram Chaulia, who is a Vice Dean at the Jindal School of International Affairs. He believes institutions like the IMF and the World Bank have outlived their uselfulness.
* 97% OWNED – PREVIEWS
By Jerome Roos, RoarMag
As Greece and the Euro once more stumble towards inevitable disaster it’s time to stop asking “those that got us into this mess, to get us out”.
For too long documentary makers have followed suit, chasing big ticket interviews whilst failing to ask the simple question “How is money created and who benefits”.
97% Owned is the documentary that broke ranks to investigate this ever changing system, to answer those simple questions, for it is the monetary system that provides the foundations for international dominance and national control.
Fresh thinking, new ideas and answers to these simple questions are squeezed into this 3hr expose.
97% owned is from the creative team behind Generation OS13: The New Culture of resistance, (http://www.youtube.com/watch?v=vY4VZr8Ox94) continuing the distinctive ‘tour de force’ style and artistic interpretation. Due for release April 2012.
READ and VIDEO @ http://roarmag.org/2012/03/97-percent-owned-queue-politely-teaser/
* GREECE: SOLIDARITY WITH THE NO TAV MOVEMENT FROM CORFU
In the evening of April 10th, 2012, an initiative of comrades from social centres/squats on Corfu held a gathering in Georgaki Square in solidarity with the NO TAV movement, including related screenings from the ongoing struggle, distribution of counter-informative texts and a banner.
If you ask why the NO TAV movement in Italy concerns us, one reason is the obvious similarities with the Greek reality. In Italy (Monti) as in Greece (Papademos) the prime ministers are appointed bankers. In both countries they want us to believe the same lies about ‘development’ being a ‘benefit to society’. Their ‘development’, whether it’s the TAV or the wind turbines on Mount Pantokrator on Corfu, is always trampling upon local populations’ lives and nature, and only the Capital benefits from all this. This type of construction and mining works are undertaken in favor of big contractors who ‘happen to be’ the Mafia in Italy, and national contracting companies in Greece, such as those of Bobolas.
In both countries the corporate media play the same role, always favoring each owner and boss; slandering and distorting every social struggle; dividing protesters into ‘violent’ and ‘peaceful’; trying to turn public opinion against every resistance movement, and projecting the one and only truth, that of police and each contractor. […]
Development is not for the peoples but for Mafiosi and bosses.
Strength, comrades! We learn from your fight!
* FUKUSHIMA DAI-ICHI NO. 4: AN EARTHQUAKE BEFORE SPENT FUEL RODS ARE MOVED TO SAFE STORAGE WOULD BE ”THE END”
By Lambert Strether, Naked Capitalism
This clip from TV Asahi is a lucid explanation of the biggest ongoing news story in the world today: The catastrophic consequences if an earthquake strikes the Fukushima Dai-Ichi No. 4 power plant before its spent fuel rods are moved to safe storage place, a process that will not even begin until December 2013, and could take years. It aired March 8, 2012 on “Morning Bird,” a mainstream Japanese news and information TV program. […]
NOTE Click the CC button at bottom right to show English subtitles!