President Lula said it was completely unfair that the poorest people in the world were suffering most for the mistakes of wealthy, Western financiers. 

This was a crisis that was fostered and boosted by irrational behaviour of people that are white, blue-eyed, that before the crisis looked like they knew everything about economics,’ he declared. 

Anthropologist David Graeber argues that it is only with a general historical understanding of debt and its relationship to violence that we can begin to appreciate our emerging epoch. Here he begins to fill in our historical knowledge gap

In a time of credit crisis, small to medium bank branches are failing, forcing the Federal Deposit Insurance Corporation (FDIC) to go in and clean up the mess. Coming in stealthily to avoid public panic and sudden withdrawal of all a bank’s funds, which would result in a sinking of the bank and possibly others in the area, the FDIC makes a quick job of taking over the bank.

Short article from Bahrain weekly 'The Gulf' in which the author of 'Super Imperialism' and 'Global Fracture' makes what is hardly the 'modest proposal' he pretends it is, and perhaps also gives a clue as to what he thought he was doing as 'economic adviser' to Denis Kucinich's presidential run. Hudson proposes that an unspecified bloc of 'Middle Eastern' state-capital should try to settle the dollar-standard blackmail once and for all by offering to buy the US out of the military infrastructure (i.e.