ChickenBones: A Journal
for Literary & Artistic African-American Themes
and Equator Bank, a subsidiary of HSBC (Europes largest bank) employee. She was recently reelected to a second term as president
and will continue her role as a sock puppet for Western neoliberal interests. Oh by the way there is oil in Liberia, too. It appears
we are witnessing a global initiative by the elites to to take over governments and central banks and replace the heads with their people.
Bankster Coup d’etat
The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.What price the new democracy? Goldman Sachs conquers Europe
With all the commotion as Greece and Italy teeter on the brink of financial default, its becoming obvious the bond holders and international banksters are attempting to impose a neo-feudal system of debt bondage and peonage on the worlds citizens. In the midst of this intrigue and manipulation little has been mentioned about the fact the leaders of Greece and Italy sold their people out to the vampire bankers then immediately stepped down only to be replaced by representatives from the international banks! With pressure building to save the bond holders and banks, George Papandreou the prime minister of Greece initially announced he would introduce the issue as a referendum to be voted on by the Greek people. His decision meant the Greek people would vote whether or not they would shoulder and pay off (over several generations) the massive debt their government created. No amount of election rigging by the bankers and their political flunkies would make that happen.
Papandreous announcement instigated a firestorm in elite international banker circles. Their puppets in the media immediately denounced him and his European political peers were so relentless in their chastisement of him, he reneged on the popular vote referendum idea then worked with the legislature to force passage of crippling austerity measures. Then to add insult to injury he stepped down so the banksters could get their man in. His replacement was Lucas Papademos former vice president of the European Central Bank a privately owned banking cartel which functions just like the US Federal Reserve Bank which is also a privately owned cartel. Papandreou sold Greece to the bankers and skipped merrily on his way.
This same scenario played out in Italy. Italy like Greece is in deep financial difficulty. The country is also looking down the barrel of a major economic collapse and default. The prime minister of Italy, Silvio Berlusconi, no stranger to scandal and controversy resigned immediately after he and the Italian parliament passed a budget the bankers and bond holders needed to insure they would not be left holding the bag on billions of toxic loans and debt. The deal calls for the citizens to bare the brunt of the repayments via austerity and suffering. Like Greeces Papandreou, Berlusconi was replaced by an international banking insider, Mario Monti. Mario Monti is an international advisor to the global vampire investment banking firm of Goldman Sachs. Thats all you need to know to see the fix was in. Neither Papademos nor Monti were elected by the citizens of Greece or Italy, respectively. So what we are witnessing is a global coup détat by the banksters. But this is nothing new, the banksters have done/are doing the same thing in Africa. For example the new president in Cote dIvoire is Alassane Ouattara a former deputy director of the International Monetary Fund (IMF). After a controversial election against the incumbent Laurent Gbagbo, Alassane Ouattara who was backed by the US, France, and the UN declared himself the victor despite the opposition of the Cote DIvoire Supreme Court. After being threatened with Western military intervention (like the West unleashed months later on Libya) Gbagbo withdrew his claim to the presidency. Now a former IMF functionary Ouattara runs the West African country of Cote dIvoire where (surprise, surprise) major reserves of oil have been discovered.
In Liberia Ellen Johnson Sirleaf, is president. Like Ouattara in Cote dIvoire Sirleaf is a former global loan shark employee. Ellen Johnson Sirleaf is a former World Bank, Citibank and Equator Bank, a subsidiary of HSBC (Europes largest bank) employee. She was recently reelected to a second term as president and will continue her role as a sock puppet for Western neoliberal interests. Oh by the way there is oil in Liberia, too. It appears we are witnessing a global initiative by the elites to to take over governments and central banks and replace the heads with their people.
Goldman Sachs‘ senior European economist Ben Broadbent is leaving the firm to become a member of the Bank of England’s nine-member Monetary Policy Committee. Broadbent has been a senior European economist at Goldman Sachs since 2000. If Mario Draghi becomes head of the European Central Bank (He’s the favorite to replace Jean-Claude Trichet after Trichet completes his term), Goldman Sachs will have former employees at the New York Fed (William Dudley), the Bank of England and the ECB.The Goldman Sachs Influence Over Monetary Policy In the U.S., England and the EU
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Goldman Sachs is a global bank that specializes in mergers and acquisitions, asset management and prime brokerage. It provides financial advice to corporations and governments around the world. Its executives can be found in all key levels of governmentMark Carney, head of the Bank of Canada, Stephen Friedman, Chairman of the Federal Reserve Bank of New York, Mario Draghi, President of the European Central Bank and Henry Paulson, former Treasury Secretary (USA) and Otmar Issing, a one-time board member of the Bundesbank and ex-chief economist of the European Central Bank.
Goldman Sachs are the world’s foremost experts on taking over large institutions and running them. Their peoplecurrent and former Goldman Sachs executives have been quietly advising world leaders on economic policy for years. No one is in a better position to take over and manage the world, for their own profit. It was only a matter of time before they put their expertise into use.
Goldman Sachs‘s plan is simple: run the economy into the ground and step in to save the day. Look at the results so far. In two European countries, elected leaders have been removed and replaced with executives with sweeping powers. What’s not apparent from news reports is that the new leaders of Italy and Greece are closely connected with Goldman Sachs.
Mario Monti was an international adviser to Goldman Sachs from 2005 until his nomination to lead the Italian government. He also worked closely with Goldman Sachs to reduce the apparent size of Italian government debt. Op-Ed: The Goldman Sachs project New world government?
Of course this is not just happening in Europe and Africa, it is happening here in the US too. Goldman Sachs is the revolving door for the US Secretary of the Treasury and the firm seems immune to fraud prosecution by the SEC or the Justice Department. We now see just how corrupt the US is. Congressional insider trading and investment deals where our Congress critters profit from exclusive information and opportunities their status as lawmakers provide reveal how pervasive and endemic the corruption is. The US is as much a banana republic as any third world nation ever was.
Recently I saw a cartoon on the Website WhatReallyHappened that showed a jail cell jammed with Occupy Wall Street demonstrators/protestors with a caption saying arrested for protesting financial crimes. Adjacent to that pane was the picture of an empty cell with the caption saying bankers arrested who created financial crisis. Whats wrong with that picture?
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Planned Privation in the Land of PlentyJunious Ricardo Stanton24 November 2011The Temporary Assistance for Needy Families (TANF) program is designed to provide cash assistance to poor families. It’s sort of a last resort cushion after unemployment benefits and family charity have run out. Before 1996, it was better known, somewhat derisively, as welfare. But in 1996, Congress, with the blessing of President Bill Clinton, decided welfare needed reforming.
[Aid to Families with Dependent Children (AFDC) existed from1935-1996.]
“The old program had been an entitlement program, much like food stamps or unemployment benefitsprograms with budgets that automatically rose when the need did. Times like now, when the country has seen increases in the poverty rate for three consecutive years and has more Americans living in poverty than at any other time in more than a half-century. In 1996, welfare was turned into a block grant and its budget was fixed at $16 billion, so that states received roughly the same amount of money every year, regardless of how many people might be out of work and suffering. Many Republicans in Congress would like to do this to the Medicaid program.
“But TANF should serve as a serious cautionary tale about what happens when the safety net is left up to the congressional appropriations process. Congress hasn’t increased the TANF block grant since it was created. As a result, new data from the Center on Budget and Policy Priorities shows that the value of cash benefits to poor families have fallen by as much as 30 percent in some states simply because of inflationcall it a stealth budget cut. The reduction in TANF benefits is now going beyond just the erosion from inflation: In many cash-strapped states, legislators have diverted money from the block grant to pay for other things, while slashing benefits to poor families at a time when unemployment has been consistently high.Poor People To Get PoorerStephanie Mencimer When the corporate elite colluded with US presidents and Congress to pursue a policy of globalization, US de-industrialization and outsourcing of US jobs; and the financial elite, international bankers and hedge fund managers decided to turn Wall Street and London into a giant casino the resulting economic collapse impacted the whole world. Unemployment is rising and will continue as the depression drags on. The US government is broke as are their state and local counterparts. This situation means the social safety nets which would be fragile anyway under the circumstances but since they are being targeted for elimination or privatization by the fascists (the 1 %) are really perilously in danger. The monetary policies of the Federal Reserve Bank a private bank that contrary to the US Constitution was given the authority to set interest rates and determine the amount of money in circulation (at interest to them) have exacerbated the situation because they have created a disincentive to save, created a borrowing binge that is sinking the nation and consumers in an ocean of debt due to their low interest rates and hyper-inflationary monetary policies.
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Ellen Johnson Sirleaf10 November 2011Ellen Johnson Sirleaf is the president of Liberia, the first woman to be elected to lead a country in modern African history. Mrs. Johnson Sirleaf was broadly perceived as a reformer and peacemaker when she took office in 2006, after several years in exile, during which she worked as a World Bank economist. . . .
On Nov. 10, 2011, following the runoff vote, election officials announced that Mrs. Johnson Sirleaf had had been re-elected by an overwhelming margin. Mrs. Johnson Sirleaf won 90.8 percent of the vote in the low-turnout election, easily defeating Winston Tubman, a former United Nations diplomat who said he was withdrawing from the race only days before the voting over what he claimed was fraud in the first round. . . .The Carter Center, calling Mr. Tubmans claims unsubstantiated, said the election was well-administered, and it criticized Mrs. Johnson Sirleafs opponents for spoiling the vote. . . .
In an interview, Mr. Tubman, a veteran Liberian political figure who once served as justice minister under the military dictator Samuel K. Doe, did not back down from his boycott call. Mr. Tubman, a member of the countrys American-descended ruling elite and whose family has long played a leading role, said that his partys attitude toward the new government would be one of noncooperation and nonrecognition. Mrs. Johnson Sirleaf, for her part, said she would pursue a policy of reconciliation. . . .
Mrs. Johnson Sirleaf became active in politics during General Does rule after serving as a vice president of Citibank while working for the bank in Kenya. An outspoken critic of General Does corrupt and brutal regime, she was jailed in 1985 for calling government officials ‘idiots,’ and again in 1986. She then fled to the United States. In 1997, she ran unsuccessfully for president against Charles Taylor, who is now on trial for crimes against humanity at the International Criminal Court in The Hague. The campaign won her the nickname of Liberias Iron Lady.
In 2005, she soundly defeated a popular soccer star, George Weah, to become president. She took over a nation of 3.5 million people that was still struggling to recover from more than a decade of civil war that claimed more than 200,000 lives and displaced a third of the population. When Mr. Taylor went into exile in 2003, he left behind a nation shattered by war, with the entire infrastructure, from roads to electric wires to water pipes, rotted away or looted. Despite its natural wealth in gems, rubber and timber, Liberia is one of the poorest nations, with an 85 percent unemployment rate and 60 percent of the population under 25 years old.
During her first term, the nations truth and reconciliation commission urged that she and dozens of others be banned for 30 years from holding public office for their roles in the war. She has conceded that she gave $10,000 while abroad in the late 1980s to a rebel group led by Mr. Taylor, then a warlord, but for humanitarian services. She has also been criticized for not doing enough to root out corruption or ease tensions between communities divided by 14 years of near-constant civil war.NYTimes
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For July 1st through August 31st 2011
#1 – Justify My Thug by Wahida Clark #2 – Flyy Girl by Omar Tyree #3 – Head Bangers: An APF Sexcapade by Zane #4 – Life Is Short But Wide by J. California Cooper #5 – Stackin’ Paper 2 Genesis’ Payback by Joy King #6 – Thug Lovin’ (Thug 4) by Wahida Clark #7 – When I Get Where I’m Going by Cheryl Robinson #8 – Casting the First Stone by Kimberla Lawson Roby #9 – The Sex Chronicles: Shattering the Myth by Zane
#10 – Covenant: A Thriller by Brandon Massey
#11 – Diary Of A Street Diva by Ashley and JaQuavis
#12 – Don’t Ever Tell by Brandon Massey
#13 – For colored girls who have considered suicide by Ntozake Shange
#14 – For the Love of Money : A Novel by Omar Tyree
#15 – Homemade Loves by J. California Cooper
#16 – The Future Has a Past: Stories by J. California Cooper
#17 – Player Haters by Carl Weber
#18 – Purple Panties: An Eroticanoir.com Anthology by Sidney Molare
#19 – Stackin’ Paper by Joy King
#20 – Children of the Street: An Inspector Darko Dawson Mystery by Kwei Quartey
#21 – The Upper Room by Mary Monroe
#22 Thug Matrimony by Wahida Clark
#23 – Thugs And The Women Who Love Them by Wahida Clark
#24 – Married Men by Carl Weber
#25 – I Dreamt I Was in Heaven – The Rampage of the Rufus Buck Gang by Leonce Gaiter
#1 – Malcolm X: A Life of Reinvention by Manning Marable #2 – Confessions of a Video Vixen by Karrine Steffans #3 – Dear G-Spot: Straight Talk About Sex and Love by Zane #4 – Letters to a Young Brother: MANifest Your Destiny by Hill Harper #5 – Peace from Broken Pieces: How to Get Through What You’re Going Through by Iyanla Vanzant #6 – Selected Writings and Speeches of Marcus Garvey by Marcus Garvey #7 – The Ebony Cookbook: A Date with a Dish by Freda DeKnight #8 – The Isis Papers: The Keys to the Colors by Frances Cress Welsing #9 – The Mis-Education of the Negro by Carter Godwin Woodson
#10 – John Henrik Clarke and the Power of Africana History by Ahati N. N. Toure
#11 – Fail Up: 20 Lessons on Building Success from Failure by Tavis Smiley
#12 –The New Jim Crow: Mass Incarceration in the Age of Colorblindness by Michelle Alexander
#13 – The Black Male Handbook: A Blueprint for Life by Kevin Powell
#14 – The Other Wes Moore: One Name, Two Fates by Wes Moore
#15 – Why Men Fear Marriage: The Surprising Truth Behind Why So Many Men Can’t Commit by RM Johnson
#16 – Black Titan: A.G. Gaston and the Making of a Black American Millionaire by Carol Jenkins
#17 – Brainwashed: Challenging the Myth of Black Inferiority by Tom Burrell
#18 – A New Earth: Awakening to Your Life’s Purpose by Eckhart Tolle
#19 – John Oliver Killens: A Life of Black Literary Activism by Keith Gilyard
#20 – Alain L. Locke: The Biography of a Philosopher by Leonard Harris
#21 – Age Ain’t Nothing but a Number: Black Women Explore Midlife by Carleen Brice
#22 – 2012 Guide to Literary Agents by Chuck Sambuchino #23 – Chicken Soup for the Prisoner’s Soul by Tom Lagana #24 – 101 Things Every Boy/Young Man of Color Should Know by LaMarr Darnell Shields
#25 – Beyond the Black Lady: Sexuality and the New African American Middle Class by Lisa B. Thompson
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By H. W. Brands
In Greenback Planet, acclaimed historian H. W. Brands charts the dollar’s astonishing rise to become the world’s principal currency. Telling the story with the verve of a novelist, he recounts key episodes in U.S. monetary history, from the Civil War debate over fiat money (greenbacks) to the recent worldwide financial crisis. Brands explores the dollar’s changing relations to gold and silver and to other currencies and cogently explains how America’s economic might made the dollar the fundamental standard of value in world finance. He vividly describes the 1869 Black Friday attempt to corner the gold market, banker J. P. Morgan’s bailout of the U.S. treasury, the creation of the Federal Reserve, and President Franklin Roosevelt’s handling of the bank panic of 1933. Brands shows how lessons learned (and not learned) in the Great Depression have influenced subsequent U.S. monetary policy, and how the dollar’s dominance helped transform economies in countries ranging from Germany and Japan after World War II to Russia and China today. He concludes with a sobering dissection of the 2008 world financial debacle, which exposed the power–and the enormous risks–of the dollar’s worldwide reign. The Economy
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By David Graeber
Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systemsto relieve ancient people from having to haul their goods to market. The problem with this version of history? Theres not a shred of evidence to support it. Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goodsthat is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like guilt, sin, and redemption) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it. Debt: The First 5,000 Years is a fascinating chronicle of this little known historyas well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.
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By Michele Alexander
Contrary to the rosy picture of race embodied in Barack Obama’s political success and Oprah Winfrey’s financial success, legal scholar Alexander argues vigorously and persuasively that [w]e have not ended racial caste in America; we have merely redesigned it. Jim Crow and legal racial segregation has been replaced by mass incarceration as a system of social control (More African Americans are under correctional control today… than were enslaved in 1850). Alexander reviews American racial history from the colonies to the Clinton administration, delineating its transformation into the war on drugs. She offers an acute analysis of the effect of this mass incarceration upon former inmates who will be discriminated against, legally, for the rest of their lives, denied employment, housing, education, and public benefits. Most provocatively, she reveals how both the move toward colorblindness and affirmative action may blur our vision of injustice: most Americans know and don’t know the truth about mass incarcerationbut her carefully researched, deeply engaging, and thoroughly readable book should change that.Publishers Weekly
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From The World and Africa, 1965
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posted 23 November 2011