How Obama Could Beat the Debt Ceiling and Go Out a Hero

Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile. – Canadian Prime Minister William Lyon Mackenzie King, 1935 On November 3rd, the […]

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A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

This piece first appeared at Web of Debt. Pope Francis has been called “the revolutionary Pope.” Before he became Pope Francis, he was a Jesuit Cardinal in Argentina named Jorge Mario Bergoglio, the son of a rail worker. Moments after his election, he made history by taking on the name […]

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“Sentence First, Verdict Afterwards”: The Alice in Wonderland World of Fast Track

“Let the jury consider their verdict,” the King said, for about the twentieth time that day. “No, no!” said the Queen. “Sentence first-verdict afterwards.” “Stuff and nonsense!” said Alice loudly. “The idea of having the sentence first!” “Hold your tongue!” said the Queen, turning purple. “I won’t!” said Alice. “Off with her head!” the Queen […]

The Trans-Pacific Partnership and the Death of the Republic

“The United States shall guarantee to every State in this Union a Republican Form of Government.”    —Article IV, Section 4, US Constitution A republican form of government is one in which power resides in elected officials representing the citizens, and government leaders exercise power according to the rule of law. In The Federalist Papers, James […]

Another Form of Asset Stripping? California’s Epic Drought: One Year of Water Left

Wars over California’s limited water supply have been going on for at least a century. Water wars have been the subject of some vintage movies, including the 1958 hit The Big Country starring Gregory Peck, Clint Eastwood’s 1985 Pale Rider, 1995’s Waterworld with Kevin Costner, and the 2005 film Batman […]

Swimming with the Sharks: Goldman Sachs, Schools, and Capital Appreciation Bonds

Remember when Goldman Sachs — dubbed by Matt Taibbi the Vampire Squid— sold derivatives to Greece so the government could conceal its debt, then bet against that debt, driving it up? It seems that the ubiquitous investment bank has also put the squeeze on California and its school districts. Not […]