Tag Archives: currency

Bitcoin for activists — what you need to know

Bitcoin for activists — what you need to know
Among activists one often finds an aversion to even thinking about money. Associating it with the opponent — who has lots of it — they try to do without money themselves. Often, for as long as they can, they try to organize and resist without it, until burning out, quitting and getting into a different line of work just to keep up on rent. But, as the 19th-century U.S. populist movement recognized, money is also a battleground. Today, as a ... Read more

Changing traders and tech won’t stop currency rigging

Changing traders and tech won’t stop currency rigging
Authorities in New York have announced they are launching an investigation into the manipulation of the world’s biggest financial market – the US$5.3 trillion a day traded in currencies. New York regulators join authorities elsewhere in the US as well as in the UK, Switzerland and Germany. Martin Wheatley, the UK’s chief financial regulator, has declared the scandal is likely to be “as bad as Libor”. If these allegations are proved to be ... Read more

Will the Ceiling Fall In? Disastrous Outcomes From an Orchestrated Crisis

By Paul Craig Roberts Counterpunch, July 29, 2011 With the world concerned about US financial credibility and the poor outlook for the US economy, now is not the time for the Republicans to grandstand on the public debt. The debt ceiling needed to be quietly raised.  Instead, the Republicans started a fire and then threw gasoline on it, creating an inferno that could burn up the US social safety net or the US Treasury’s credit rating and the ... Read more