Rotting stairs in Billionaire's row mansion London

So Why Does John Key Tell You There Is No Housing Crisis? Well, There Is No Crisis! Not For Him Anyway!

So to get back to Auckland and Christchurch and the hysterical house price rises ( I just checked but a solid stone 4 bedroom house with a nice garden in a quite burb in Holland ( a country so densely populated you could just about walk over heads to get from one city to the next) so close to all the amenities you could possibly need you could walk there still only costs about a quarter of what a wooden run down shack in Auckland costs and there are a million people in a waiting list for a home and they have to wait at least 20-30 years to get a small flat for themselves.

Goldman Sachs Made 400 Million Betting On Food Prices In 2012 While Hundreds Of Millions Starved

And if you think that is bad wait until they start “financializing” water. Why does it seem like wherever there is human suffering, some giant bank is making money off of it?  According to a new report from the World Development Movement, Goldman Sachs made about 400 million dollars betting on food prices last year.  […]

A quote for the day!

“We had to struggle with the old enemies of peace, business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government […]

Bernanke, Paulson outline strategy to make working class pay for Wall Street crisis

And guess who’s going to pay for the mess the bankers made? In speeches delivered Tuesday, Federal Reserve Board Chairman Ben Bernanke and Treasury Secretary Henry Paulson outlined the ruthless class policy being carried out to place the burden for the financial and housing crisis on the backs of working people. Bernanke indicated that the […]

Gas-Pump Gouging; Just Don’t Blame The Saudis

By Mike Whitney 24/06/08 “ICH” — — I’ve seen this bad movie before. It’s the Enron movie, which hit the West Coast power-markets like a bomb because the federal government was asleep at the switch. Now it’s happening again with oil prices.” Rep. Jay Inslee D-WA There is no oil shortage, not yet at least. […]

Saudi Arabia Will Raise Oil Output 2% in July to Curb Prices

What this means is that Investment bankers gambled with Bonds and Derivatives contaminated with toxic sub prime mortgage sludge, and when the market collapsed changed their game by buying up crude and driving up the price in order to make up for their losses. In other words we are paying for their irresponsible behaviour. By […]

‘Perhaps 60% of today’s oil price is pure speculation’

The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge […]

The end game has started:Global hunger, corporate greed: When will enough be enough?

Media around the world are currently feeding off the increasing price of food everywhere. The World Bank chief has joined in with the prediction that starvation is a distinct possibility for many of the weaker nations, leading to political turmoil. The Food and Agricultural Organization (FAO) chief says only 14 percent of available water is […]