International banking – a system ruled by stupidity and fraud Goldman Sachs has been accused of fraud and is up before the American Securities and Exchange Commission. What is coming out of all this are the clever tricks of the trade, i.e. how to make money from money, without actually investing in the real economy, and in the process “advise” people on how to lose their money while making the likes of Goldman Sachs very rich... until it all crashes of course.
We are entering a New Age of World Austerity As the world economy emerges from recession it is clear that the recovery is going to be weak. All governments also face a huge debt overhang, which means that whoever is in power will have to carry out stringent economic measures and it is the working class who will be made to pay. This opens up the prospect of huge class contradictions opening up in the coming period.
Refining industry in agony – time to think of an alternative! Billion dollar refineries are closed in one part of the world, while others open elsewhere. This is the craziness of the global capitalist economy. It wastes huge amounts of material and human resources, whereas these same resources could be used in a global plan to develop the economy in way more in line with the interests of all the people of the world.
