|OPINION AND EDITORIAL|
How Banks and Investors Have
Been Starving the Third World
By speculating in food &
increasing world hunger
February 06, 2011
News & Analysis By Ellen Hodgson Brown J.D.
Special To SkyValleyChronicle.com
"What for a poor man is a crust, for a rich man is a securitized asset class." -
Futures trader Ann Berg quoted in The Guardian UK.
Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press reports HERE that roughly 40 percent of Egyptians struggle along at the World Bank-set poverty level of under $2 per day.
Analysts estimate that food price inflation in Egypt is currently at an unsustainable 17 percent yearly. In poorer countries, as much as 60 to 80 percent of people's incomes go for food, compared to just 10 to 20 percent in industrial countries.
Or does it?
A tour into the magical world
of Walmart Public Relations
January 26, 2011
(MONROE, WA) -- Let us get first things out of the way first. Prior to words floating down on digital paper for this report, the Chronicle had high hopes of being the first publication in the state to answer many serious questions local business owners and other folks in the Sky Valley have about Walmart and itís planned entry into Monroeís retail scene -- a feat that does not appear to us anyone has accomplished yet..
|SPEWING HATE SPEECH IN AMERICA: ITíS TIME TO STOP|
January 12, 2011
What does it take for Americans to cut out a cancer that is destroying the nation from within? Another six people dead and 14 wounded? Another fifty dead? 100? A low level nuke going off in the nationís capitol?
One need not have been a rocket ship commander or budding Einstein to have seen Tucson and people with bullets in their brains coming from a mile away.
|DOOMSDAY FOR THE U.S. DOLLAR:|
Post Mortem for the World's "Reserve Currency"
December 27, 2010
By Mike Whitney
Paul Volcker is worried about the future of the dollar and for good reason. The Fed has initiated a program (Quantitative Easing) that presages an end to Bretton Woods 2 and replaces it with different system altogether.
Naturally, that's made trading partners pretty nervous. Despite the unfairness of the present system -- where export-dependent countries recycle capital to US markets to sustain demand -- most nations would rather stick with the "devil they know", then venture into the unknown.
But US allies weren't consulted on the matter.
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