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How economic slavery works
“We have stricken the shackles from 4,000,000 human beings and brought all labourers to a common level, but not so much by the elevation of former slaves as by reducing the whole working population, white and black, to a condition of serfdom. While boasting of our noble deeds, we are careful to conceal […]
Banks’ £55bn intervention ‘isn’t enough’
The first co-ordinated central bank action since the September 11 attacks drew a muted response from markets as cash-starved lenders called for even deeper intervention.
The US Federal Reserve, the Bank of England, the European Central Bank and two other institutions joined forces to offer over £55bn in emergency loans to the world’s beleaguered banking […]
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