House Voted to Get Banksters Back in the Derivatives Business

12th November 2013

bankstercap

Wholesale destruction of U.S. economy may now continue without interruption

(KurtNimmo) - In late October, the House passed a “bipartisan tweak” to the Dodd-Frank bill Congress earlier passed off as “reform” after the banksters nearly crashed the financial system in 2008. Read the rest of this entry »

Tags: , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO | No Comments »

Game Over! Dollar Dead! (Part 1)

5th November 2013

(Youtube) - Astounding statements from none other than Jim Willie. Read the rest of this entry »

Tags: , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Film/Video, NWO | No Comments »

Winner Takes All: The Super-priority Status of Derivatives

14th April 2013

(WebOfDebt) – Cyprus-style confiscation of depositor funds has been called the “new normal.”  Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including state and local governments, may be at risk.  Read the rest of this entry »

Tags: , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO | No Comments »

Wall Street’s Protection Racket of Covert Derivatives: JPMorgan Derivatives Prop Up U.S. Debt – Ellen Brown

22nd June 2012

Why the Senate Won’t Touch Jamie Dimon

(WebofDebt) – When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal.  “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney.  “Was he . . . subtly hinting that he’s really the guy in charge?”

Read the rest of this entry »

Tags: , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO | No Comments »

As An Encore to Bailing Out the Big Banks, Government to Backstop Derivatives Clearinghouses … In the U.S. and Abroad

29th May 2012

… Which Will Lead to Bailouts and Encourage Even More Fraud

(WashingtonsBlog) – The government has been bailing out the giant, insolvent banks for years. (Many of the bailed out banks are foreign.)

That is preventing the economy from recovering … like countries that have grabbed the bull by the horns. – Read the rest of this entry »

Tags: , , ,
Posted in Economic Crisis, Education/Mind Control | No Comments »

$707,568,901,000,000: How (And Why) Banks Increased Total Outstanding Derivatives By A Record $107 Trillion In 6 Months

28th November 2011

(ZeroHedge) – While everyone was focused on the impending European collapse, the latest soon to be refuted rumors of a quick fix from the Welt am Sonntag notwithstanding, the Bank of International Settlements reported a number that quietly slipped through the cracks of the broader media. Which is paradoxical because it is the biggest ever reported in the financial world:  Read the rest of this entry »

Tags: ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, NWO, Politics/Corrupt | No Comments »

Paul Drockton: CITI Bank Plays the Luciferian Lottery

24th November 2011

(MoneyTeachers) – The Mafia never had it so good. CITI Bank just confessed to betting depositor’s money, and money they borrowed from the Taxpayers via the Federal Reserve, on fluctuations in interest rates. Derivatives are options and Futures contracts that let the Luciferian Lunatics bleed our financial system dry. Read the rest of this entry »

Tags: , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Amount and Concentration of Derivatives Still Threaten Global Economy

26th September 2011

(WashingtonsBlog) - Derivatives Ownership Even More Concentrated Than Ever

As I noted in 2009, 5 banks held 80% of America’s derivatives risk.

Since then, the percent of derivatives held by the top 5 banks has only increased. Read the rest of this entry »

Tags:
Posted in Economic Crisis, Education/Mind Control | No Comments »

Economy

13th June 2010

(BBC) – Japan PM Naoto Kan warns of ‘collapse’ under debt pile

Japan is at “risk of collapse” under its huge debt mountain, the country’s new prime minister has said. Read More Here

(NAlert) – ObamaCare’s 150 New Government Agencies – Read More Here

(DowJones) – 2nd UPDATE: Milan Judge Adjourns Derivatives Trial To June 23

A Milan judge adjourned Wednesday a landmark derivatives trial against four international banks accused of fraudulently selling derivatives on a bond by two weeks to June 23.

Judge Oscar Magi, who recently took over the proceedings, also ruled that several parties including dozens of consumer … Read More Here

(NYTimes) – Uncertainty Restores Glitter to an Old Refuge, Gold

It is the resurgent passion of the doomsday crowd, a bet that everything will go wrong. No matter what has you worried, they say, the answer is gold. Read More Here

(CNNMoney) – Vermont to seniors: Return those $250 checks

The federal government is mailing $250 Medicare rebate checks this week, but Vermont is asking its seniors to send the money back to the state. Read More Here

(June 11) – Video: Bob Chapman’s Friday 6/11/2010 Economic Report on Alex Jones Tv

Bob Chapman of The International Forecaster checks in with his regular Friday economic news update. Alex covers the news and takes your calls. Read the rest of this entry »

Tags: , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Europe, Fascism, Film/Video, NWO, Politics/Corrupt | No Comments »

Economy

30th May 2010

(RussiaToday) – Keiser Report № 46: Social Fury builds up! – Video Link Here

(GoldSeek) – Video: Gerald Celente on Goldseek Radio – Video Link Here

(SOTT) – Are Goldman Sachs and the Megabanks Able to Wipe out an Entire Economy with a Keystroke?

How artificial intelligence and robotrading pose a growing threat to the global marketplace. Read More Here

(BostonHerald) – Frills, not jobs, filling posh IRS digs

The $92 million renovations at the IRS compound in Andover will include a reflecting pool, an art gallery, indoor gardens, a 7,000-square-foot cafeteria and an amphitheater, but it remains unclear what new permanent jobs, if any, will come to the center. Read More Here

(MurrayDobbin) – The Canadian ‘good banks’ myth

The sorry spectacle of Conservative cabinet ministers flying around the world defending banks from a tax to cover their next, inevitable, meltdown is bad enough. What is perhaps worse is that it is being largely justified by the perpetuation of the myth that Canada did not have to bail out its banks.

Wrong. Read More Here

(VancouverSun) – G8, G20 summit security a waste of money, say Montreal anarchists – Read More Here

(AutomaticEarth) – Lent, spent and guaranteed

Ilargi: No, I’m by no means the only one who thinks this thing will not end well.

Let’s start with Gerald Celente of Trend Forecasters: Read More Here

REPOST - (SeekingAlpha) – Video: Hendry – ‘I Would Recommend You Panic’

In this widely watched BBC video, Hugh Hendry of hedge fund Eclectica Management recommends the world panic over the ongoing European debt crisis and then the group debates whether perpetual bailouts and a much longer slowdown are preferable to a real purging of the system and a much shorter recession that would also see major reforms. Video Link Here

(TimesOnline) – Greece urged to give up euro

THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy. Read More Here

(Express) – WORK UNTIL LUNCH JUST TO PAY TAX

Analysis relating the tax burden to the working day suggests that the average 9-5 worker takes until 1.21pm to cover their tax bill and then spends three hours 39 minutes working for themselves. Read More Here

(WSWS) – Austerity measures throughout Europe

Two weeks ago, European heads of state and the International Monetary Fund reached agreement on a €750 billion rescue package for the euro. Since then, not a day has gone by without the announcement of a new round of draconian austerity measures. Working people are now being ordered to pay the price for plugging the massive holes in public finances that are the result of various rescue measures for the banks and the euro. Read More Here

(ComingDepression) – Sell now warns LA real estate experts amid BP oil spill

“Carolyn Angelette said around 100 clients have canceled summer rentals in Grand Isle, LA. Other clients have postponed plans to buy a home until they see the full extent of oil damage. At this rate, she warns, her Century 21 office will go out of business.”
It is obvious BP will be in litigation for decades with multiple plaintiffs once it is discovered just how much damage this unprecedented disaster has unleashed. It would not surprise me if this catastrophe bankrupts the company. Read More Here

(LATimes) – Lessons of hard times in Vallejo

Since filing for Chapter 9 bankruptcy protection two years ago, this scrappy Bay Area bedroom community has come to symbolize the fiscal troubles — now faced by many cities — that helped push it to the brink: unrestrained spending, out-of-control pension costs and a burst housing bubble. Read More Here

(RussiaToday) – Video: Wall Street Operative Geithner Rebuffed in Berlin on Mission to Make World Safe for Derivatives

On the most important stop of last week’s desperate mission to make the world safe for derivatives, US Treasury Secretary Geithner has been dealt a decisive rebuff. Geithner’s obvious attempt to sabotage the recent prohibition enacted by the German government against naked credit default swaps (among the most toxic of derivatives) was rejected in Berlin on Thursday by German Finance Minister Wolfgang Schäuble. Read the rest of this entry »

Tags: , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Europe, Fascism, Film/Video, NWO, Politics/Corrupt | No Comments »

Economy

18th May 2010

(MSNBC) – Video: Obamacare Loophole Exposed – Michael Moore - Video Link Here

(ChartingStocks) – Warren Buffet Does Heavy Selling; 13-F Filings Reveal

Billionaire investor Warren Buffet did some heavy selling during the first quarter of 2010. According to the most recent 13-f filing, Mr. Buffett liquidated his entire position health insurers United Health (UNH) and WellPoint (WPT). He dumped his holdings in financial companies Travelers (TRV) and Sun Trust Banks (STI). Read More Here

(PressTV) – Greece blames US for snowballing debts

Greek Prime Minister George Papandreou says he is considering taking legal action against US investment banks for their alleged role in the snowballing Greek debt crisis. Read More Here

(MarketTicker) – The German Government Has Had Enough

If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today. Read More Here

(MatterhornAsset) – ALEA IACTA EST

Yes this is it! We have crossed the Rubicon and events in the world economy are now likely to unfold in a totally uncontrollable fashion. Clueless governments still don’t understand that it is their ruinous actions that have created a credit infested and bankrupt world. They will continue to prescribe the same remedy that caused the problem in the first place, namely more credit and more printed money. The consequences are clear; we will have hyperinflation, economic and human misery as well as social unrest. Read More Here

(Bloomberg) – Conspiracy of Banks Rigging States Came With Crash

A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market. Read More Here

(LondonTelegraph) – Congress blocks indiscriminate IMF aid for Europe

Europe may have to clean up its own mess after all. The US Senate has voted 94:0 to block use of taxpayers’ money for IMF rescues that make no economic sense or bail-outs for countries like Greece that far are beyond the point of no return.
“This amendment will help prevent American taxpayer dollars from underwriting dysfunctional governments abroad,” said Texas Senator John Cornyn, the chief sponsor. “American taxpayers have seen more bailouts than they can stomach, and the last thing they should have to worry about are their hard-earned tax dollars being used to rescue a foreign government. Greece is not by any stretch of the imagination too big to fail.” Read More Here

(GnosticMedia) – Audio: Hey Wall Street, Naked Short Sell This! An Interview with Dr. Patrick Byrne and co-host, Wall Street whistle blower, Richard Andrew Grove – Audio Link Here

(SeekingAlpha) – $3,000 Gold? Rosenberg Says That May Be Conservative

Although gold bullion is both a commodity and currency, it has lately become the world’s currency of choice, i.e. a vote of no confidence in fiat paper. This is evident in the fact that the gold price has not only just made an all-time high in U.S. dollar terms ($1,249 on Friday), but also in just about every other currency one cares to mention. I illustrated this in a post a few days ago, entitled “Meet the world’s new currency of choice”. Read More Here

(Telegraph) – Higher taxes for a million as George Osborne’s emergency Budget hits investors

More than a million people could be dragged into paying capital gains tax after George Osborne confirmed that he would use his emergency Budget to hit investors. Read More Here

(RawStory) – Bill for Afghan war could run into the trillions

The U.S. Senate is moving forward with a 59-billion-dollar spending bill, of which 33.5 billion dollars would be allocated for the war in Afghanistan.

However, some experts here in Washington are raising concerns that the war may be unwinnable and that the money being spent on military operations in Afghanistan could be better spent. Read More Here

(DowJones) – Euro Plunges To 4-Year Low After German Trade Ban

The euro plummeted Tuesday to a fresh four-year low after Germany announced it would ban certain speculative investments, exacerbating the selling of the single currency as investors run out of alternatives to trade the sovereign debt crisis already roiling the euro zone. Read More Here

(CBC) – Canada comes out swinging against bank tax

Canada launched a full-court press against the idea of a global bank tax Tuesday, as the prime minister and four senior cabinet members came out strongly against a proposal that’s gathering global steam. Read More Here

(BusinessInsider) – Dow Theorist Richard Russell: Sell Everything Liquid, You Won’t Recognize America By The End Of The Year

Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won’t recognize the country. They’ll retort, “How the dickens does Russell know — who told him?” Tell them the stock market told him. Read More Here

(BusinessInsider) – A Look Back From 2013: How The Bailout Of Greece Caused The Split Of Europe

Last night we noted an interesting paragraph in an Ambrose Evans-Pritchard piece on the Telegraph, which cited an article in the major German newspaper Frankfurter Algemeine Zeitung, which described a future euro currency of strong nations that didn’t even include france. Read More Here

(Telegraph) – Banks dump Greek debt on the ECB as eurozone flashes credit warnings

Foreign holders of Greek and Portuguese debt have seized on emergency intervention by the European Central Bank to exit their positions, leaving eurozone taxpayers exposed to the credit risk. Read More Here

(Rense) – Congressional Climate Bills – Stealth Schemes To Raise Energy Prices And Enrich Wall Street – Stephen Lendman

On June 26, 2009, HR 2454: American Clean Energy and Security Act of 2009 (ACESA) passed, purportedly “To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy.”

In fact, it lets energy polluters raise prices for huge windfall profits and gives Wall Street a bonanza through carbon trading derivatives speculation. Catherine Austin Fitts’ Solari.com blog explained it last July in her article titled, “The Next Really Scary Bubble” is coming, saying:

“If you think the housing and credit bubble diminished your financial security and your community, or the bailouts, or the rising gas prices did as well, hold on to your hat” for what’s ahead. “Carbon trading is gearing up to make the housing and derivative bubbles look like target practice,” or in other words, be the mother of all scams, courtesy of administration, House and Senate collaboration with Wall Street and the energy giants. Read More Here

(PaulWatson) – Video: Blanchflower – Europe Could Break Up, Another Bailout Inevitable

Former Bank of England policy maker says collapse of single currency unstoppable Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Climate Change, Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt, Science/Health | No Comments »

Economy

6th May 2010

(BusinessInsider) – Your Guide To All The Countries That Are One Riot Away From Becoming Greece

Here’s a snapshot taken from a Morgan Stanley report by Paolo Batori that shows how European financial systems have deteriorated during this crisis, and who’s most at risk of becoming the next Greece. Read More Here

(BusinessInsider) – Behind The Scenes, European Banks Freak Out About Lending To Each Other

Right now, markets are getting hammered as protests rock Athens and no one trusts Greece to get out of this crisis. Read More Here

(MSNBC) – Video: Dow Jones Crash Caused By Typo! – Video Link Here

(AP) – Video: NYSE Stock Board Time Lapse – Video Link Here

(CNBC) – Video: Cramer Saves The Market? Sees Error In P&G Share Pricing

CNBC’s Jim Cramer notices the large drop in Procter & Gamble shares and shares his belief there must be an error. View Video Here

(Bloomberg) – Citigroup Finds ‘No Evidence’ Bank Involved in Erroneous Trades

Citigroup Inc. said it found “no evidence” that it was involved in erroneous trades after U.S. equity markets plunged today.

“We, along with the rest of the financial industry, are investigating to find the source of today’s market volatility,” bank spokesman Stephen Cohen said in a statement. “At this point, we have no evidence that Citi was involved in any erroneous transaction.” Read More HereUpdate 2

(Reuters) – Many possible triggers for wider euro debt crisis

Europe may be months, conceivably weeks away from an expanded debt crisis that cuts more countries off from access to the markets and forces fresh emergency action by rich governments or the European Central Bank. Read More Here

(SteveWatson) – Audit The Fed Push Strengthened By Second Front In Senate

The push to audit the Federal Reserve was given a fresh injection yesterday with the introduction of another bipartisan amendment to the Wall Street reform bill in the Senate that would force the central bank to reveal where $2 trillion in public bailout money was spent. Read More Here

(CNBC) – Stock Market Falls Nearly 1000 Points

The Dow plunged Thursday amid buzz in the market that European banks have halted lending Read More Here

(CNBC) – Drudge Heralds ‘Market Violence’: Fear, Euro Weakens, Greek Riots Continue, Retail Disappoints

Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. Read More Here

(Business&MediaInstitute) – Video: CNBC’s Bartiromo – ‘This Really Sounds Like Market Manipulation to Me’

While everyone is scratching their heads and trying to figure out how the Dow Jones Industrial Average (DJIA) lost nearly 1,000 points before rallying back to lose only 347 points – it appears not to be limited to just one stock. Read More Here

(RussiaToday) – Video: Gerald Celente on Greece – People will rise against bank bailouts globally

After a day of unrest which saw three people killed, Greece’s parliament is preparing to vote on the controversial austerity package. Wednesday’s violence included a bank in the capital being set alight. Demonstrators clashed with police when protesters marched on the country’s parliament building. They are angry at government spending cuts aimed at securing a 110 billion euro rescue package from the EU and the IMF. Trend forecaster Gerald Celente says the Greek situation is going global.

(SteveWatson) – Audit The Fed Push Strengthened By Second Front In Senate

Dorgan, Grassley introduce another amendment for spending transparency Read More Here

(HuffingtonPost) – Long-Term Unemployment: 80 Percent Of People Jobless Last Summer Still Out Of Work

Just one in five people who were out of work last summer have found jobs since then. Read More Here

(ZeroHedge) – John Taylor: “Dead Man Walking…The Euro Is Finished” – Tyler Durden

One of the incidents that I remember from my youth was the first time I saw a chicken slaughtered and running around headless for quite a few minutes before it keeled over and died. The euro is at that stage. Its life is finished, but it will be around for some time before it becomes a subject of historical analysis. Read More Here

(Reuters) – Freddie Mac posts loss, sees need for state funds

Freddie Mac (FRE.N), the second-largest provider of residential mortgage funds, on Wednesday said it lost $8.0 billion in the first quarter and warned that it would continue to need government funds because the housing market remains fragile. Read the rest of this entry Read More Here

(RussiaToday) – Video: Alex Jones On Russia Today: Greece Riots Coming To America?

As protests turned into riots in Greece amidst the financial crisis, the big question remains, what will happen to the global financial market after this bailout? This crisis has been spreading globally and many people are saying that the economy is getting worse. Alex Jones says he believes that China will go bankrupt in the next few years. Alex Jones also speaks about the recent advertisement that shows the government invading our homes. Read the rest of this entry »

Tags: , , , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Europe, Fascism, Film/Video, Martial Law/Police State, NWO, Politics/Corrupt, Russia | No Comments »

Cut the Partisan Crap … BOTH the Private Sector AND the Government are to Blame for the Financial Crisis

1st May 2010

(WashingtonsBlog) – Partisan GOP hacks say the financial crisis was caused by too much regulation, and government interference in the markets.

But Glass-Steagall was repealed, derivatives were left unregulated, and the regulators were watching porn instead of preventing fraud. Giant banks, hedge funds and other fat cat private players knowingly gamed the market and committed fraud in more ways than can be listed in a single post. Read the rest of this entry »

Tags: , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Cut the Partisan Crap … BOTH the Private Sector AND the Government are to Blame for the Financial Crisis

1st May 2010

(WashingtonsBlog) – Partisan GOP hacks say the financial crisis was caused by too much regulation, and government interference in the markets.

But Glass-Steagall was repealed, derivatives were left unregulated, and the regulators were watching porn instead of preventing fraud. Giant banks, hedge funds and other fat cat private players knowingly gamed the market and committed fraud in more ways than can be listed in a single post. Read the rest of this entry »

Tags: , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Understanding Derivatives In Layman Terms

30th April 2010

An Easily Understandable Explanation of Derivative Markets.

Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. She keeps track of the drinks consumed in a ledger. Read the rest of this entry »

Tags: , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Banks Bailed Out By American Taxpayers

29th April 2010

(WashingtonsBlog) – Americans bailed out the giant banks. So how do the too big to fails re-pay the American taxpayers?

By betting that American states and cities will fail.

As the Wall Street Journal notes:

As U.S. cities and towns wrestle with financial problems, investors are finding a new way to profit on their misery: by buying derivatives that essentially bet municipalities will default.

These so-called credit default swaps are basically insurance contracts that have long been available to protect holders of corporate bonds against default. They became available a few years ago for municipal debt, allowing investors to short sell—or bet against—countless cities, towns and bridges, and more than a dozen states, including California, Michigan and New York.

The derivatives are still thinly traded, but their existence has the potential to make investors skittish

Read the rest of this entry »

Tags: , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt, Uncategorized | No Comments »

Video: Fight the Derivatives Cancer with a Wall Street Sales Tax, Plus Bans on Hedge Funds, Credit Default Swaps, and Synthetic CDOs

25th April 2010

(WebsterTarpley) – The Obama administration has been posturing this week about the life and death issue of Wall Street reform. Obama’s predicament is that of a Wall Street puppet who has been put into the White House thanks among other things to almost $1 million of contributions from the infamous Goldman Sachs – but who now needs to make a show of fighting his own Wall Street patrons for political reasons. Of course, Obama’s health-care reform was largely a bailout of insurance companies, which are themselves a key part of Wall Street. But Obama is now pretending to quarrel with Wall Street to shore up his waning credibility, partly because many House Democrats are desperately seeking anti-banker, economic populist street creds in order to avoid defeat in November. So far, the results have been largely feckless and inadequate. Read the rest of this entry »

Tags: , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Film/Video, NWO, Politics/Corrupt | No Comments »

Economy

20th April 2010

(Reuters) – SEC order helps maintain AIG bailout mystery – Read More Here

(OpenSecrets) – Hedge Fund Manager in Goldman Sachs Fraud Case is a Major Donor to Both Democrats and Republicans

A New York investor named John A. Paulson is at the heart of the fraud lawsuit filed today by the Securities and Exchange Commission against Goldman Sachs. Read More Here

(CNSNews) – Video: Rep. King – ‘I’m For Abolishing the IRS and the Fed. I. Tax

Rep. Steve King (R-Iowa) said he supports “abolishing” the Internal Revenue Service (IRS) and the federal income tax code. He made his remarks at a pre-tax-day event on Capitol Hill with other Republicans and several conservative activists. Video Link Here

(BBC) – IMF proposes two big new bank taxes to fund bail-outs – Read More Here

(RussiaToday) – Video: Goldman Sachs Fraud Charge – Bonuses for Buttons – View Video Here

(Telegraph) – New speed cameras trap motorists from space

A new type of speed cameras which can use satellites to measure average speed over long distances are being tested in Britain. Read More Here

(WashingtonExaminer) – Is Goldman Obama’s Enron? No, it’s worse

Campaign contributions from Goldman Sachs employees to President Obama are nearly seven times as much as President Bush received from Enron workers, according to numbers on OpenSecrets.org. Read More Here

(AUNews) – Europes air industry at risk of implosion, warns Emirates boss Tim Clark

EUROPE’S aviation industry could face an “implosion” if the volcanic ash cloud grounds flights indefinitely, the president of Emirates airline warned. Read More Here

(CMNNews) – Tier 5 Unemployment Benefits Extension 2010 – A Desired Lifeline for Long Term Unemployed

The Tier 5 benefits extension has yet to be passed, as a political game of back and forth in Washington has ensued. Not only are citizens concerned about the future of their families during this tough time, but many are at the end of their ropes. Read More Here

(Bloomberg) – IMF Says Government Debt Poses Biggest Risk to Growth

The International Monetary Fund cautioned that rising government debt has replaced financial industry stress as the biggest threat to the global economy and cut its estimate for asset writedowns by 19 percent. Read More Here

(DailyCaller) – Regulatory reform debate obscures key fact: Everybody’s getting money from Wall Street

In the often-confusing debate on financial regulatory reform, there are many assertions and accusations but few facts. Yet here are two: Washington is awash in Wall Street money, and both Republicans and Democrats are recipients. Read More Here

(DailyMarkets) – Is America’s Economic Recovery On The Whole Based On A Rotten Sham?

The economic “recovery” we are now witnessing is based on theft, greed and deceit. It’s a giant rip-off, a rotten sham. In this sleazy imitation of a free market economy, liars, cheats and deadbeats are the ones getting rewarded. Read More Here

(RevoltofthePlebs) – Goldman Sachs Eats Its Young

This should be a lesson to all those young, aggressive, upwardly mobile Wall Street wannabes who think they are somehow going to fast track their way into the stratosphere of high finance. Read More Here

(Reuters) – US will act if China does not revalue yuan-lawmaker

A U.S. House of Representatives committee chairman on Monday warned the United States will take action if China does not begin steps in coming months to raise the value of its currency. Read More Here

(BusinessWeek) – Obama’s Former White House Counsel Craig Advising Goldman Sachs

Gregory Craig, President Barack Obama’s former White House counsel, is working as an adviser to Goldman Sachs Group Inc., a spokesman for the New York-based company said. Read More Here

(HumanEvents) – Obama Now Pushing Sneaky Wall Street Bailout

Fresh off his successful (for now) effort to ram through an unpopular healthcare “reform” law, President Barack Obama is now fighting for legislation on Capitol Hill that would set up a permanent fund to bail out companies in the financial sector. Read More Here

(Examiner) – Obama repaying his masters at Goldman Sachs

President Obama is sponsoring a bill by the Senate Banking Committee Chairman Chris Dodd(D-CT) that would reward the Financial Firm Goldman Sachs with up to Billions of Dollars. The bill implements a $50 billion resolution fund to the firms creditors through fees that would come from banks and other businesses, which the bill calls a “nonbank financial company.” Critics are calling it a “backdoor bailouts” to Goldman Sachs who was already payed $12.9 billion in tax dollars through the bailout of AIG. Read More Here

(InternationalForecaster) – Decline in Bank Lending: Business Investment in America is almost at a Standstill – Bob Chapman

One of the reasons for less bank lending is the almost non-existent market for securitized bonds. Investors have so many bad loans on their books that they refuse to commit to further risky investments. This means banks are forced to hold this toxic paper on their books and that inhibits them from lending at higher levels. If the Fed had not purchased $1.7 trillion of this toxic junk many banks would currently be in bankruptcy. Thus, there still are trillions in these bad loans on the books of many financial institutions and they cannot be sold and they are clogging up the system, and there is no end in sight for the problem. Read More Here

(GlobalResearch) – Goldman Sachs and the Mega Banks: Too Big To Obey The Law – Read More Here

(DailyShow) – Video: These F@#king Guys – Goldman Sachs – John Stewart – View Video Here

(OpenSecrets) – Will Obama Return $994,795 In Goldman Sachs Campaign Contributions?

This table lists the top donors to this candidate in the 2008 election cycle. The organizations themselves did not donate , rather the money came from the organization’s PAC, its individual members or employees or owners, and those individuals’ immediate families. Organization totals include subsidiaries and affiliates. Read More Here

(Politico) – Sherman: Dodd Bill Contains Unlimited Bailout Authority Read More Here

(MarketOracle) – America’s Economic Recovery Is a Rotten Sham

More evidence has arisen that the “strategic default” consumer spending thesis is correct – and that the economic recovery on the whole is based on a rotten sham. Read More Here

(WND) – Next bubble: $600 trillion?

Cities, states, universities could sink from monster derivatives meltdown Read More Here

Tags: , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Film/Video, NWO, Politics/Corrupt | No Comments »

Cabal Owns Regulatory Apparatus and Everybody is Afraid to Regulate Them

2nd April 2010

(WashingtonsBlog) – Harold Bradley – who oversees almost $2 billion in assets as chief investment officer at the Kauffman Foundation – told the Reuters Global Exchanges and Trading Summit in New York that a cabal is preventing swap derivatives from being forced onto clearing exchanges:

There is no incentive from the moneyed interests in either Washington or New York to change it…

I believe we are in a cabal. There are five or six players only who are engaged and dominant in this marketplace and apparently they own the regulatory apparatus. Everybody is afraid to regulate them.

Read the rest of this entry »

Tags: , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

25th March 2010

(WashingtonsBlog) – As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corporations.

According to top experts, risky derivatives were not only largely responsible for bringing down the American (and world) economy, but they still pose a substantial systemic risk: Read the rest of this entry »

Tags: , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

25th March 2010

(WashingtonsBlog) – As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corporations.

According to top experts, risky derivatives were not only largely responsible for bringing down the American (and world) economy, but they still pose a substantial systemic risk: Read the rest of this entry »

Tags: , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Head Of Greek Debt Office Replaced By Former Goldman Investment Banker

20th February 2010

(ZeroHedge) – And so the tragicomic becomes surreal. Yesterday’s news about the departure of the head of the debt management agency, Spyros Papanicolaou, was somewhat of a yawner, until we realized that his replacement would be none other than Petros Christodoulou, who until today was head of Private Banking and Group Treasury at the National Bank of Greece (reporting directly to the CEO of the NBG Tamvakakis), as can be seen on the org chart below. Yet was is oddest, is that Mr. Christodoulou worked not only as head of derivatives at JP Morgan but also held comparable posts at Credit Suisse, and… wait for it, Goldman Sachs… Uh, say what? Read More Here

Tags: , , , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Greece, NWO, Politics/Corrupt | 1 Comment »

Economy

11th February 2010

(MarketWatch) – How to invest for a global-debt-bomb explosion

Wake up investors. Are you prepared for the economic anarchy coming after a global-debt time bomb explodes? Are you thinking outside the box? Investing differently? Act now — tomorrow will be too late. Read More Here

(Spiegel) – German Auto Sales Crash in January

Domestic car sales hit an all-time high in Germany in 2009 thanks to the government’s cash-for-clunkers program. Now that the program is over, however, sales have plummeted. Is the worst still to come? Read More Here

(CityWatchLA) – Drastic Steps Needed to Prevent Bankruptcy

As you know, the City of Los Angeles faces a budget shortfall of nearly $208 million, and we expect it to exceed $400 million next year. This is the most serious situation we have faced in 75 years and without drastic steps, the City is threatened with bankruptcy. We cannot allow that to happen. Read More Here

(ABC) – Australia close to defaulting on debts: Joyce

Opposition finance spokesman Barnaby Joyce is courting controversy again, warning that Australia is getting to the point where it will not be able to repay its overseas debt. Read More Here

FLASHBACK – (Telegraph) – Société Générale tells clients how to prepare for potential ‘global collapse’

Société Générale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. Read More Here

(TheBulletin) – Without water

Hundreds of Central Oregonians who can’t pay their bills have their water shut off. For people like Lynette Nicks, who’s recovering from cancer, that’s especially dangerous. Read More Here

(Bloomberg) – No Job Growth for Small Business Spurs Recovery Doubt (Update1)

Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation. Read More Here

(Time) – The Great Recession: Will Construction Workers Survive?

The middle and working-classes have been hammered by the Great Recession and no industry has taken it more on the chin than construction. Read More Here

Another (sobering) slice of the jobs data

Here’s a pretty depressing picture, courtesy of the Bureau of Labor Statistics: Read More Here

(NYTimes) – This Crisis Won’t Stop Moving

YOU know we’re in trouble when we’re told that the economic problems in Greece, Portugal and Spain, the most indebted countries in the euro zone, are likely to remain safely contained in those nations. Read More Here

(ZeroHedge) – The Run On Greece Is Here: Investors Pull Out €10 Billion From The Troubled Country; Crisis Escalation Approaches

Remember the proverbial run on the bank? Well, that was the norm (or rather the outlier) before governments decided to backstop entire financial industries residing within their territory. As a result, the post-Lehman version of “the bank run” will henceforth be referred to as “the country run” and for an example of one in practice, look no further than Greece. The Guardian reports that investors have pulled a stunning €8-10 billion since the Greek crisis commenced in earnest last November. If true, this is the beginning of the end for the troubled EMU-member country. Read More Here

(Telegraph) – Global bear rally will deflate as Japan leads world in sovereign bond crisis

Milton Keynes will be vindicated. Lord Keynes will lose some of his new-found gloss. The Krugman doctrine that we should all spend our way back to health by pushing deficits to the brink of a debt spiral – or beyond the brink – will be seen as dangerous. Read More Here

(Risk) – Citi plans crisis derivatives

Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn up plans for a tradable liquidity index, known as the CLX, on which products could be structured that allow buyers to hedge a spike in funding costs. Read More Here

(Katu) – That’s a wrap? Future of Hollywood Video cast in doubt

Once one of the wealthiest companies in Oregon, Wilsonville-based Hollywood Video’s final scene may be written as many customers discovered Tuesday upon finding a dozen of its stores closed. Read More Here

Tags: , , , , , , , , , , , , , , , , ,
Posted in China, Dictatorship, Economic Crisis, Education/Mind Control, Europe, Fascism, NWO, Politics/Corrupt | No Comments »

Video: Wayne Madsen Report on Alex Jones Tv – The Quadrillion $ Derivatives Crisis & Will U.S. Bomb Iran

10th February 2010

Alex talks with Washington, D.C.-based investigative journalist, author and columnist Wayne Madsen. Madsen, a former government consultant on contracts for NSA and the Navy’s Naval Data Automation Command, publishes the Wayne Madsen Report. Read the rest of this entry »

Tags: , , , , , , , , , , , , ,
Posted in China, Dictatorship, Economic Crisis, Education/Mind Control, Europe, Fascism, Film/Video, Middle East, NWO, Politics/Corrupt | No Comments »

Video: Wayne Madsen Report on Alex Jones Tv – The Quadrillion $ Derivatives Crisis & Will U.S. Bomb Iran

10th February 2010

Alex talks with Washington, D.C.-based investigative journalist, author and columnist Wayne Madsen. Madsen, a former government consultant on contracts for NSA and the Navy’s Naval Data Automation Command, publishes the Wayne Madsen Report. Read the rest of this entry »

Tags: , , , , , , , , , , , ,
Posted in China, Dictatorship, Economic Crisis, Education/Mind Control, Europe, Fascism, Film/Video, France, Middle East, NWO, Politics/Corrupt | No Comments »

Markets Fail When Humans Are Unregulated – Paul Craig Roberts

7th February 2010

Former Federal Reserve chairman Alan Greenspan answered that he had placed his trust in a flawed theory when he was called before Congress to explain why he, Goldman Sachs Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers, prevented Brooksley Born, head of the Commodity Futures Trading Corporation, a government regulatory agency, from doing her job of regulating over-the-counter derivatives Read the rest of this entry »

Tags: , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Princeton Economist and Computer Scientists Show that Derivatives Are Inherently Vulnerable to Fraud

27th December 2009

(WashingtonsBlog) – As I have previously noted, credit default swaps are destabilizing for the economy. See this. And the models used to evaluate financial instruments – such as the Gaussian copula formula for CDOs – are inherently flawed. Read the rest of this entry »

Tags: , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | 2 Comments »

2010 Food Crisis for Dummies – Are We Ready?

20th December 2009

Tags: , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt, Science/Health | 1 Comment »

Financial Reform Is Being Gutted … And Congress Might Not Even Realize It

11th December 2009

(WashingtonsBlog) – As I have repeatedly pointed out, proposed derivatives legislation will not make things better:
A leading credit default swap expert (Satyajit Das) says that the new credit default swap regulations not only won’t help stabilize the economy, they might actually help to destabilize it. Read the rest of this entry »

Tags: , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Woman Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade

8th December 2009

(WashingtonsBlog) – As I have previously shown, speculative derivatives (especially credit default swaps or “CDS”) are a primary cause of the economic crisis. They were largely responsible for bringing down Bear Stearns, AIG (and see this), WaMu and other mammoth corporations. Read the rest of this entry »

Tags: , , , , , , , , ,
Posted in Climate Change, Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt, Science/Health | No Comments »

Copenhagen’s Hidden Agenda: The Multibillion Trade in Carbon Derivatives

8th December 2009

(WashingtonsBlog) – As I have previously shown, speculative derivatives (especially credit default swaps) are a primary cause of the economic crisis. Read the rest of this entry »

Tags: , , , , , , , ,
Posted in Climate Change, Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt, Science/Health | No Comments »

Copenhagen's Hidden Agenda: The Multibillion Trade in Carbon Derivatives

8th December 2009

(WashingtonsBlog) – As I have previously shown, speculative derivatives (especially credit default swaps) are a primary cause of the economic crisis. Read the rest of this entry »

Tags: , , , , , ,
Posted in Climate Change, Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt, Science/Health | No Comments »

MSM: Back-Door Taxes Hit U.S. With Financing in the Dark

26th October 2009

Oct. 26 (Bloomberg) — Salvatore Calvanese, the treasurer of Springfield, Massachusetts, for four years, had a ready defense for why he risked $14 million of taxpayer money on collateralized-debt obligations laden with subprime mortgages in 2007. Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Martial Law/Police State, Neuro/Bio/Chem Warfare, NWO, Politics/Corrupt | 3 Comments »

Video: Are You Ready for the Next Crisis? – Paul Craig Roberts

26th October 2009

Evidence that the US is a failed state is piling up faster than I can record it.
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests. Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

Obama set to unveil ‘too big to fail’ plans

26th October 2009

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Martial Law/Police State, Neuro/Bio/Chem Warfare, NWO, Politics/Corrupt | No Comments »