The Strange Case of Lagarde, Influence Peddling and the IMF

"Christine Lagarde, one of the most powerful women in the world as head of the International Monetary Fund, is facing acute embarrassment after a letter in which she urged former French President Nicolas Sarkozy to 'use me' was found during a police raid on her Paris flat. Ms. Lagarde, as head of the International Monetary Fund, is commonly held to be one of the most powerful women in the world. But as this leaked letter shows, she is just as encumbered by alliances as anyone else, and her success may lay in her ability to convince others that rather than being a leader, she can be counted on as a good apparatchik." Continue reading

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Germany defends ‘strictly legal’ cooperation with NSA

"Angela Merkel's government said on Monday that its cooperation with American intelligence was fully regulated by strict legal guidelines after a magazine reported that the U.S. National Security Agency was in close cahoots with German spies. Germany's opposition demanded that her government explain how much it knew about U.S. surveillance tactics ahead of talks with Washington about the NSA. Der Spiegel's report that the NSA works with Germany and other Western states on a 'no questions asked'-basis undermines the chancellor's indignant talk of 'Cold War' tactics revealed by former NSA contractor Edward Snowden." Continue reading

Continue ReadingGermany defends ‘strictly legal’ cooperation with NSA

Italy Confronts Germany, Adding Additional Euro Pressure

"Greece has been relegated to the status of a Third World country, the complicity of German leaders with the ever-inflating ECB is due for a judicial hearing, British leaders are committed to a referendum on whether Britain should pull out of the EU entirely, Spain is broke, Portugal is busted ... and Italian leaders are getting ready to square off with German bankers over 'austerity.' That the euro has not always suffered some breakdown is testimony to the power of its globalist backers. It has, however, bankrupted half of Europe and even the healthier northern half is not happy with what Europe has become and is continuing to become." Continue reading

Continue ReadingItaly Confronts Germany, Adding Additional Euro Pressure

Gazing at Egypt With Shock and Awe

"First Egypt was destabilized and then the Muslim Brotherhood was virtually invited to take over. Presumably Washington had no problem with the ascent of the Muslim Brotherhood because it is amenable to Western Intel and has been for decades. But increasingly, it seems something went wrong in Egypt once the Brotherhood was installed. Not only did they not observe the (misleading) niceties of regulatory democracy; more egregiously they declined a loan from the International Monetary Fund. And so ... exit the Muslim Brotherhood and enter, once more, the Egyptian military – Washington's main ally of power in the Upper and Lower lands of the Nile." Continue reading

Continue ReadingGazing at Egypt With Shock and Awe

Gazing at Egypt With Shock and Awe

"First Egypt was destabilized and then the Muslim Brotherhood was virtually invited to take over. Presumably Washington had no problem with the ascent of the Muslim Brotherhood because it is amenable to Western Intel and has been for decades. But increasingly, it seems something went wrong in Egypt once the Brotherhood was installed. Not only did they not observe the (misleading) niceties of regulatory democracy; more egregiously they declined a loan from the International Monetary Fund. And so ... exit the Muslim Brotherhood and enter, once more, the Egyptian military – Washington's main ally of power in the Upper and Lower lands of the Nile." Continue reading

Continue ReadingGazing at Egypt With Shock and Awe

Bank of England: Central Banker as Movie Star

"Carney has it all. The looks of George Clooney, the modesty of a working man, the suffragette-style boosterism of a man who is determinedly anti-chauvinist. He is a hard worker, early to rise and has a great command of central-bank technocratic science, as evidenced by his implementation of the new central banking of 'forward guidance.' He is being portrayed as a kind of central bank Renaissance Man – good at virtually everything. This won't last, of course. Let rates go up even a little and countries like Britain and the US will see their interest payments soar. There are considerable strictures on what central banks can do these days." Continue reading

Continue ReadingBank of England: Central Banker as Movie Star

Bank of England: Central Banker as Movie Star

"Carney has it all. The looks of George Clooney, the modesty of a working man, the suffragette-style boosterism of a man who is determinedly anti-chauvinist. He is a hard worker, early to rise and has a great command of central-bank technocratic science, as evidenced by his implementation of the new central banking of 'forward guidance.' He is being portrayed as a kind of central bank Renaissance Man – good at virtually everything. This won't last, of course. Let rates go up even a little and countries like Britain and the US will see their interest payments soar. There are considerable strictures on what central banks can do these days." Continue reading

Continue ReadingBank of England: Central Banker as Movie Star

Snowden reveals Australia’s links to US spy web

"United States intelligence leaker Edward Snowden has provided his first disclosure of Australian involvement in US global surveillance, identifying four facilities in the country that contribute to a key American intelligence collection program. Classified US National Security Agency maps leaked by Mr Snowden and published by US journalist Glenn Greenwald in the Brazilian O Globo newspaper reveal the locations of dozens of US and allied signals intelligence collection sites that contribute to interception of telecommunications and internet traffic worldwide." Continue reading

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Thousands of protesters call for Yemen to be broken up

"Thousands of people rallied in south Yemen on Sunday’s 19th anniversary of the civil war that was won by the north to demand secession for the south. 'No union and no federation — no to the occupation!' the crowds chanted in the Hadramawt provincial capital of Mukalla. They waved the flag of the former South Yemen and portraits of Hassan Baoum, head of the Southern Movement’s supreme council. In a statement, the protest organisers reaffirmed their rejection of a UN-backed national dialogue under way in the capital Sanaa, which aims to draft a new constitution and prepare for elections in 2014, after a two-year transition led by President Abdrabuh Mansur Hadi." Continue reading

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Edward Snowden: NSA ‘in bed together with’ other Western states

"Fugitive intelligence leaker Edward Snowden said the US National Security Agency operates broad secret spying partnerships with other Western governments now complaining about its programmes, in an interview published Sunday. In remarks published in German, Snowden said an NSA department known as the Foreign Affairs Directorate coordinated work with foreign secret services. The partnerships are organised so that authorities in other countries can 'insulate their political leaders from the backlash' if it becomes public 'how grievously they’re violating global privacy,' he said." Continue reading

Continue ReadingEdward Snowden: NSA ‘in bed together with’ other Western states