Browsing All Posts published on »March, 2011«

Barclays ‘making up to £340 million profit’ on food price speculation – News – The Ecologist

March 31, 2011

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Source: The Ecologist High-street customers could be subsidising the role of Barclays Capital in driving up global food prices and leaving millions facing hunger and malnutrition, says campaign group. Tom Levitt reports Barclays could be making as much as £340 million a year in profit through gambling on the price of key commodity crops like […]

News – Goldman Sachs makes $1 billion profit on food price speculation – The Ecologist

March 31, 2011

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Source: The Ecologist ‘Risky and secretive’ gambling on the price of coffee, cocoa and wheat is leading to unstable food prices and exacerbating poverty and malnutrition but creating billions of pounds for the banking sector Banks such Goldman Sachs are making huge profits by gambling on the prices of key commodity crops such as coffee, […]

Japan Prepares To “Bury The Problem” Following News Of Uncontrolled Reactor 1 Chain Reactions | zero hedge

March 31, 2011

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Source: zero hedge And once again our prediction about Fukushima (namely the inevitable entombment of the entire facility in thousands of tons of concrete) is about to be realized. Bloomberg reports that Japan will consider pouring concrete into its crippled Fukushima atomic plant to reduce radiation and contain the worst nuclear disaster in 25 years. […]

Protests Revolutions in Middle East North Africa U.S. Rothschild | Puppetworld Post

March 29, 2011

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Source: Puppetworld Post. PwP Exclusive  ©March 9 2011  (link to this page or give the source) Islamic banks have been eating into the profits of conventional banks in the Middle East because: they don’t charge interest (Shariah Law), they are growing very rapidly, and (in these catastrophic economic times) they are more stable than western […]

How Monsanto is Exploiting the Food Crisis

March 29, 2011

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Source: via The Global Realm. By ALFREDO ACEDO CounterPunch.org At a press conference, the transnational’s Latin American President José Manuel Maduro went even further by blaming restrictions on GM corn production in the country for the high level of post-NAFTA imports of the staple. “Mexico’s decisión to not move forward [on transgenics] has led to […]

How Dangerous is the Plutonium from the Japanese Nuclear Plant? → Washington’s Blog

March 29, 2011

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Source: Washington’s Blog. MSNBC reports that plutonium has been found in soil around the Fukushima plant: The Tokyo Electric Power Co., which operates the plant, said it found three radioactive isotopes of plutonium — plutonium 238, 239 and 240 — in five locations outside the plant in soil tests on March 21-22. NHK tv notes […]

Solution to the Budget Crisis: Keeping the State’s Money in the State

March 26, 2011

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I find this Ellen Brown’s article especially interesting because she is showing that contrary to popular belief local banking can be profitable and even more than banking in Wall Street megabanks. In my opinion the case of North Dakota state owned bank shows that the more closer you keep the money to really productive forces […]