Ellen Brown @ Web of Debt - When the Occupiers took an interest in moving San Francisco’s money into a city-owned bank in 2011, it was chiefly on principle, in sympathy with the nationwide Move Your Money campaign. But recent scandals have transformed the move from a political statement into a matter of protecting the city’s deposits and reducing its debt burden. The chief roadblock to forming a municipal bank has been the concern that it was not allowed under state law, but a legal opinion issued by Deputy City Attorney Thomas J. Owen has now overcome that obstacle. Read more.
The menace of the Chinese debt trap, which has been rubbished by some African leaders, is threatening the whole sovereignty of Zambia. As Zambia continues to default on repaying Chinese loans, the Chinese are gradually taking over Zambian companies and a whole lot other economic interests. Read more.