Spain Sets Massive Precedent — Charges Its Central Bankers in Court

Spain has followed Iceland’s footsteps by charging their top bankers This article by Claire Burnish originally appeared at thefreethoughtproject.com. First, Iceland, and now Spain has taken on the Big Bankers responsible for financial calamity, as the country’s highest national court charged the former head of Spain’s central bank, a market regulator, and five other banking officials over a failed bank leading to the loss of millions of euros for smaller investors. This, of course, markedly departs from the mammoth taxpayer giveaway — commonly referred to as the bailout — approved by the U.S. government ostensively to “save” the Big Banks and, albeit unstated, allow the enormous institutions to continue bilking customers without the slightest fear of penalty. Errant bankers and financiers, it would seem, typically manage to either evade actually being charged, or escape hefty fines and time behind bars. Spain’s Supreme Court last year ruled “serious inaccuracies” in information about the listing led investors to […] Read More

1946: SS Samwater and the Chinese Curse

The following article from the port of Plymouth, Devon was published in the Western Morning News on June 17, 1946. The piece suggests that a French collector of Chinese antiques may have procured cursed objects…thus leading to strange occurrences on-board, including his sudden disappearance: A strange story of a Chinese curse which laid a hoodoo on a ship, culminating in the mysterious disappearance of a French millionaire banker, was told at Plymouth yesterday by members of the crew of the 10,500 tons Glen Line steamer Samwater, which arrived from Vancouver. For six months the Samwater had crossed and recrossed the Pacific, taking cargoes of wheat from Canada to China without incident, until on her last trip M. Henri Bar, 60-years-old president of the Franco-Chinoise Bank in Shanghai, embarked to return to Paris. He took with him 25 crates containing Chinese antiques and treasures which he had collected during his […] Read More

How Economists With Bad Ideas Wreck Your Life, America’s Economy, and the World

Author Jeff Madrick discusses what bad ideas cost us, and how to defeat them. Many of us have long known in our guts that something about mainstream economics doesn’t add up. As a new, must-read book proves, we were right. For decades, dubious, false and nonsensical ideas have dominated public discourse and decision-making, from the irrational belief in the efficiency of markets to a willful blindness about the inequalities of wealth and economic opportunity in a system that has been rigged for the benefit of the few. Author Jeff Madrick has just come out with his latest challenge to the pernicious ideas that have captured the minds and clouded the judgment of huge numbers of orthodox economists and the legions who follow their advice: Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World. In this brisk and accessible volume, which should be on Econ 101 syllabi, Madrick outlines […] Read More

29 Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding

By Michael Snyder The Economic Collapse Blog Did you know that the number of Americans on welfare is higher than the number of Americans that have full-time jobs?  Did you know that 1.2 million public school students in the U.S. are currently homeless?  Anyone that uses the term “economic recovery” to describe what is happening in the United States today is being deeply insulting to the nearly 150 million Americans that are considered to be either “poor” or “low income” at this point.  Yes, things are great in New York City, Washington D.C. and San Francisco, but almost everywhere else economic conditions continue to steadily get worse.  The gap between the wealthy and the poor is at a level that America has never seen before, and this is beginning to create a “Robin Hood mentality” that could cause a tremendous amount of social chaos in the years ahead.  Anger […] Read More

The Conquistadors encounters with Giants

After a failed invasion of Northern Florida the Spanish conqueror and explorer Pánfilo de Nárvaez retreated back to port with a ragged bunch of restless men. More than half of his platoon had either been killed by the savage Florida jungles or were picked off by killer native attacks. Supplies had vanished, and when Narváez returned to the harbor he discovered that his ships had all disappeared. Returning to Cuba without him. He ordered the construction of four large rafts and told his fellow soldiers that this is “where New Spain ends”.  It is not known for certain where and when Narváez died. The last man to see Narváez alive and tell of it was Alvar Nuñez Cabeza de Vaca, a junior officer of the Narváez expedition. According to Cabeza de Vaca, when he asked Narváez for more food and provisions Narváez refused, basically saying “every man for himself.” The rafts took […] Read More

Stars And Numbers

Ancient civilization saw nothing absurd in the claims of astrology, no more than many an educated and thoroughly scientific man sees in it today. Judicial astrology, by which the fate and acts of men and nations might be foreknown, [hardly] appeared, nor does it even now appear, any more unphilosophical or unscientific than does natural astrology or astronomy-by which the events of so-called brute and inanimate nature (changes of weather, &c.), might be predicted. For it was not even prophetic insight that was claimed by the votaries of that abstruse and really grand science, but simply a great proficiency in that method of procedure which allows the astrologer to foresee certain events in the life of a man by the position of the planets at the time of his birth. Once the probability, or even the simple possibility, of an occult influence exercised by the stars upon the destiny […] Read More

Tesla’s Death Ray

Given that Tesla‘s inventions generally possessed an element of social conscience, of doing good for humanity, it may seem surprising that he created a number of devices with military applications. And the notion of the Tesla harnessing his mind for purposes of war may seem immensely frightening. After all, this is the man who boasted that with his resonance generator he could split the earth in two… and no one was ever quite sure whether he was joking. The first Tesla invention with a proposed military use was his automaton technology, with which the labor of human beings could be performed by machines. Specifically, Tesla produced remote-controlled boats and submarines. He demonstrated the wireless ship at an exposition in Madison Square Garden in 1898. The automaton apparatus was so advanced, it used a form of voice recognition to respond to the verbal commands of Tesla and volunteers from the […] Read More