Alright you 90,000 redeemers, rebels and radicals out there, A worldwide shift in revolutionary tactics is underway right now that bodes well for the future. The spirit of this fresh tactic, a fusion of Tahrir with the acampadas of Spain, is captured in this quote: The anti-globalization movement was the first step on the road. Back then our model was to attack the system … [Read more...]
Billionaire boys’ club for oil
The trading floor with coke, hookers and fistfights is gone, but speculation has only gotten worse in the era of peak oil. Before screen trading took over a few years ago, the world's oil price was set in the pits of the New York Mercantile Exchange. Editor's rating: NYMEX began as a refuge for scrappy ethnic guys from the Bronx and Staten Island who were not welcome in … [Read more...]
Even Obama’s beholden to them
The more I learn how Wall Street influence over Washington has allowed the financial meltdown of 2008 to grow into a worldwide disaster, the harder it gets for me to continue to support President Obama. Though he campaigned as a champion of Main Street and promised financial market reform and re-regulation, Obama quickly showed that he was really about business as usual -- … [Read more...]
Goldman is the root of all evil
BOOK REVIEW Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America By Matt Taibbi Spiegel & Grau, 272 pp, $24 If you care about peak oil, it's natural to connect resource depletion to economic crisis. And if you're growing increasingly impatient about the failure of government and the mainstream media to accept peak oil as a major … [Read more...]