Video: Keiser Report №70 – Markets! Finance! Scandal!

This time Max Keiser and co-host, Stacy Herbert, look at post anti-Americanism and crouching assets, hidden wealth in China. In the second half of the show, Max talks to Jon Thorisson in Iceland about his campaign against Magma Energy and about the resistance of the Icelandic people to IMF measures.

How They do it and The Solution to their Evil Intent – Dog Poet Transmitting…….

(SmokingMirrors) – There are two reasons why Israel dominates American domestic and foreign policy. They control the mass media that gives the intentionally dumbed down American public their news and their world view. They control the money supply by controlling the central banks that issue currency via the mediums that actually print it according to their instructions. The same is true of Canada, the U.K. and Australia and all the satellites where their influence prevails. To a varying degree this also applies to the European Union and their common market. In a real politicks sense, this provides a united front against non-cooperative economies and the placement of dangerous weapons on far reaching borders. This is especially true in Eastern Europe where IMF and other injurious, vampire interest, money lending consortiums, coerce the governments to follow a demanded policy of subservience to the general mindset of enforced paranoia at the expense of the people’s and cultures of all affected nations.

Money and the movement of money is the god of the temporal sphere. The force of the will of this satanic deity, compels all affected nations to be engaged in an international commerce of weapons and munitions that must be used against middle and far eastern nations so that there is always a demand for more of them. The war machine employs a never ending commerce of fuel, food, various constructions, military hardware and personnel as well as any and all items that you can think of, which are required by any society and the war machine is a society. It’s much like a casino but instead of betting against the house in the hope of profit; a stupid idea for the bettor, since the game is rigged, the players, which are the peoples of the world, bet against each other for the profit of the ones controlling the game and hope they are on the right side when there is no right side.

Economy

(ABC) – Factory Orders Drop More Than Expected – Read More Here

(CNNMoney) – Job recovery hits a wall – Read More Here

(Independent) – Johann Hari: How Goldman gambled on starvation

Speculators set up a casino where the chips were the stomachs of millions. What does it say about our system that we can so casually inflict so much pain? Read More Here

(ATR) – Six Months to Go Until The Largest Tax Hikes in History

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below Read More Here

(ABCNews) – Walmart CEO Pay: More in an Hour Than Workers Get All Year? – Read More Here

(Telegraph) – Middle class families face a triple whammy

You don’t usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that Britain, and the rest of the Western world, have been sleepwalking towards for years.

The claim made by the IMF’s Financial Stability Report in 2005, in a seemingly throwaway remark, was that households had become the financial system’s “shock absorber of last resort”. In other words, whereas in previous eras, much of the pain of recession and financial crisis was borne by businesses or governments, with families afforded some degree of protection by the pensions system or welfare state, it was now households who were far more likely to face the music. Read More Here

(HuffingtonPost) – Expired Unemployment Benefits Causing Panic, Desperation: ‘I’m Drowning Fast’

Debra Rousey of Gainesville, Georgia, says that she received an unemployment check of $194 last week, half the usual amount she receives, along with a letter announcing that this check would be her last. She is now in a complete panic over what to do next. Read More Here

(DailyCrux) – Doug Casey: Going to these colleges serves no useful purpose whatsoever

There is no point at all in going to a college today, unless you’re looking to learn a trade. Or, perhaps, because the people you meet in college might be of some future benefit to you. In other words, it’s pointless unless it’s Harvard, Princeton, Yale, or the like. Because of the classes? No. It’s because the kids that go to such schools are the most intelligent and ambitious “up and comers” – so the connections you make and the patina you get at these places can open a lot of doors. Read More Here

(FoxNews) – Pelosi: Unemployment Checks Fastest Way to Create Jobs“It creates jobs faster than almost any other initiative you can name.” Read More Here

(July 1) – Video: Alex Jones Tv – Dollar Plunges After UN Call To Ditch Greenback! – Video Link Here

(July 1) – Video: Ron Paul – 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198

(AFP) – US jobless claims surge more than expected – Read More Here

(Bloomberg) – Goldman Sachs Pressed By Born for Derivatives Data

Goldman Sachs Group Inc. refused a request from the Financial Crisis Inquiry Commission to reveal how much it makes trading derivatives, saying the bank doesn’t separate the figure from other businesses. Read More Here

(CNNMoney) – House passes unemployment benefits extension

After a failed attempt earlier this week, the House voted to extend the deadline to file for federal jobless benefits Thursday. But the bill will be stuck in limbo as Congress takes a weeklong summer break.

The bill would extend the deadline to file for extended unemployment benefits through November, and would retroactively pay out claims to those who saw their benefits expire in May. Read More Here

(LRCBlog) – Audit-the-Fed Goes Down, 229-198

This is no surprise. Neither party wants to audit the counterfeiting enterprise that is at the dark heart of the regime. Read More Here

(EconomicCollapseBlog) – Mortgage Horror Stories: The U.S. Housing Industry Will Never Recover If Qualified People Can’t Get A Home Loan – Read More Here

(IrishTimes) – One million protest against Italy’s austerity cuts

About 100,000 people, according to union estimates, demonstrated in the central city of Bologna, capital of a traditionally leftist area with a strong labour movement. Read More Here

(TheHill) – Top Republican: Raise Social Security’s retirement age to 70

Boehner, the top Republican lawmaker in the House, said raising the retirement age by five years, indexing benefits to the rate of inflation and means-testing benefits would make the massive entitlement program more solvent. Read More Here

(USAToday) – National debt soars to highest level since WWII

The federal debt will represent 62% of the nation’s economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office. Read More Here

Climategate

(WattsUpWithThat) – New Zealand’s Prime Minister: Climate Change bill a “load of rubbish” and “hoax”

Via Andrew Bolt in email, some surprising revelations about New Zealand’s Prime minister and his previous opinion of the ETS. It appears he has done a complete about face from his very strong opinions of 2005. Read More Here

(WattsUpWithThat) – Climate Craziness of the Week: The AGU peddles a mammoth climate change theory – Read More Here

Video

(RawStory) – Video: MSNBC’s Ratigan – Stock market an ‘obviously corrupt’ fraud

On his afternoon show Tuesday, MSNBC host Dylan Ratigan explained why he believes the usual explanations given in the media for why the stock market went up or down on a given day are nonsense.

“Seventy percent of the volume [of trades on the stock market] is computers that are run by the banks playing ping pong with stocks for 10 seconds at at time,” Ratigan said.

Economy

(MyBudget360) – Middle class shackled by banking debt chains. 113 million households each owe an average of $113,000 in banking debt for mortgages, student loans, credit cards, and auto loans. $45 trillion in household sector debt, government debt, and domestic financial sector debt Read More Here

(AP) – More borrowers in trouble despite federal help

Result could be a new wave of foreclosures as thousands exit program – Read More Here

(RawStory) – US economy still in ‘incredibly difficult period’: Geithner – Read More Here

(TIME) – Inside the Dire Financial State of the States – Read More Here

(Infowars) – The Difference Between Economic Policy and Monetary Policy Read More Here

(Cryptogon) – Video: Chinese Manufacturers Looking to Replace Workers with Machines – Video Link Here

(Infowars) – When will the SEC prosecute for market rigging? – Read More Here

(NYTimes) – Rats Jumping Ship: Orszag Leaving as Budget Director

Peter R. Orszag will leave his job as the White House budget director in July, according to someone familiar with his plans, making him perhaps the first official to leave the Obama Cabinet and removing a major player from President Obama’s economic team. Read More Here

(NewsBusters) – Hoyer Nixes Middle Class Tax Cut, Says Too Expensive – Read More Here

(LATimes) – Maywood to lay off all city employees, dismantle Police Department – Read More Here

(BusinessWeek) – Osborne Increases U.K. Value-Added Tax Rate to 20% (Update1) – Read More Here

(DanielAmerman) – Video: Deadly Danger Of Dow 50,000 – Video Link Here

(CorbettReport) – Video: The Meaning of “Austerity”

“Austerity” is one of those Orwellian terms that has been injected into our political discourse precisely because it is a nice-sounding word for a very painful reality. “Austerity” implies discipline, self-restraint, even nobility. “Austerity” is prudent. “Austerity” is modest. “Austerity” is a virtue. It is an end in itself.

If the IMF or the European Central Bank come to the people of a collapsing European nation and tell them to sacrifice their pensions and their savings and their very standard of living all for a debt that their government has fraudulently racked up in their name, no one would go for it, and rightly so.

But tell those same people that they need to implement “austerity measures” in order to “get back on their feet” economically, and many will be willing to live in the harshest of conditions, content to put up with the dismantling of their nation itself in the vain hope that by giving more power to the international financial institutions they can somehow avoid economic collapse.

Economy

(StarTribune) – In jail for being in debt – Read More Here

REPOST – (AP) – Long-Term Unemployed Now 46 Percent Of Unemployed, Highest Percentage On Record – Read More Here

(GlobalResearch) – The Economic Crisis: Class Struggles Heat Up in Greece

Workers in Greece today stand in the forefront of the converging European class struggles against big capital’s attempt to make working people pay the costs of its crisis. Read More Here

(FoxBusiness) – Video: Peter Schiff on Fox Business News

Is it Time to Dump Your Stocks? – Video Link Here

(USAWatchdog) – Gold’s Flashing Warning Sign

Gold hit another all-time high yesterday! According to gold website Kitco.com – Read More Here

(Telegraph) – Risks to global economy have ‘risen significantly’, top IMF official warns

The risks to a robust global recovery have ‘risen significantly’ as many governments struggle with debt, a leading official from the International Monetary Fund has warned. Read More Here

(CNSNews) – Billboard Puts Obama on $100,000,000,000,000 Bill, Asks: ‘But Who Will Pay the Piper?’ – Read More Here

(EuropaPress) – Spanish Police Protest “Unjustified Waste Of Public Money” In Protecting Bilderberg

The SME-CCOO union of the Catalan police today showed their disagreement with the “unjustified waste” of public money aimed at preserving the security of the Bilderberg Club, which celebrates these days its annual meeting in Sitges. Read More Here

(EuroPacificCapital) – The Phantom Recovery – Peter Schiff

In recent months, GDP numbers have rebounded – primarily as a result of record low interest rates reliquifying the credit market and government stimulus jolting consumer spending. Although the “positive growth” has delighted Obama’s economic brain trust, it has done little to boost the fortunes of Main Street. As I have said many times, GDP largely measures spending, and spending is not growth.

The “International Community” Pushes for “Global Coordination”

(C4L) – Never letting a good crisis go to waste, the sovereignty-hating globalists continue to argue that national governments should have less say in implementing domestic financial regulation and fiscal policy.

According to International Monetary Fund managing director Dominique Strauss-Kahn, “National oriented responses are not the way, since they risk creating economic conflicts.” The IMF publication goes on:

Economy

(TheStar) – European debt fears batter TSX

Fears that the effects of a government debt crisis could push Europe into a severe economic downturn sent the Toronto stock market tumbling Monday. Read More Here

(ComedyCentral) – Video: The Daily Show with John Stewart on Hoarders – Video Link Here

U.S. Debt Clock – View Clock Here

(ChartingStocks) – Why Gold And The Dollar Are BOTH Rising

An unusual dynamic has taken shape over the last few months – Both the US Dollar and Gold have been rising together. Normally, such a movement would seem counter intuitive as Gold is a commodity and commodities tend to move in the opposite direction of the US dollar. Read More Here

(FT) – Financial Crises Getting Worse Worldwide

The pace and severity of financial crises has taken an ominous turn for the worse. Over the past 30 years, a crisis has occurred, on average, every three years. Yet, now, only 18 months after the meltdown of late 2008, Europe’s sovereign debt crisis has hit with full force. With one crisis seemingly begetting another, and the fuse between crises now getting shorter and shorter, the world economy is on a very treacherous course. Read More Here

(Reuters) – Sears and Kmart to offer cash-for-gold service

Sears Holdings Corp (SHLD.O), which expanded its layaway program to help cash-strapped consumers pay for purchases during the recession, is now helping its customers exchange their jewelry for cash as gold prices soar. Read More Here

(Bloomberg) – `There’s No Money Left,’ U.K. Minister Learns From Predecessor

Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job.
“Dear Chief Secretary, I’m afraid to tell you there’s no money left,” Laws cited it as saying. Read More Here

Implode-O-Meter: Vicious Cycle – View Meter Here

(Bloomberg) – ‘There’s No Money Left,’ U.K. Minister Learns

Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job.

“Dear Chief Secretary, I’m afraid to tell you there’s no money left,” Laws cited it as saying.

“Which was honest,” Laws, whose position is the No. 2 in the Treasury after the chancellor of the exchequer, told a press conference in London today. “But slightly less than I was expecting.”

The note underscores the task facing Britain’s Conservative-Liberal Democrat coalition as it seeks to reconcile demand for improved health and education services with promises to reduce the largest budget deficit since World War II. Read More Here

(May 16) – Video: Alex Breaks Down “Death of The Middle Class” on Alex Jones Tv Sunday Editon

Alex breaks down the international banking cartels continued plunder of the middle class here in america and how far they will go. – Part 1 Here Part 2 Here

(TimesOnline) – Germans lose faith in EU

The multi-billion-euro payout for Greece, followed by an even more expensive rescue package for the threatened single currency, has created the greatest political climate change in a generation. Read More Here

(Bloomberg) – Stocks, Euro Plunge on Concern Austerity Plans to Curb Recovery

Asian stocks fell the most in almost six months, led by the Shanghai Composite Index’s 5 percent plunge, the euro dropped to its lowest against the dollar since 2006 and the cost of insuring bonds from default jumped on concern European austerity measures will derail the recovery. Read More Here

(PaulWatson) – Financial Terrorists Want Global Currency, Global Central Bank

During a recent speech at a conference of elitists in Zurich Switzerland, IMF chief Dominique Strauss-Kahn called for the introduction of a global currency backed by a global central bank which would act as the “lender of last resort” in the event of a severe economic crisis, which would represent another lurch towards fascist centralization of power by financial terrorists busy exploiting the fiscal chaos they created in order to impose world government.

Stating that “crisis is an opportunity,” Strauss-Kahn said that globalists should exploit the financial chaos plaguing the world in order to push for “a new global currency issued by a global central bank”. Read More Here

(BusinessInsider) – Germans Fantasize About New Rich-Nation Currency Bloc That Doesn’t Even Include France

Tonight’s must-read comes from Ambrose-Evans Pritchard at The Telegraph who offers some clear views on why the EU’s big shock & awe rescue plan is not having its desired result — why it hasn’t fully instilled confidence. Read More Here

(EconomicCollapseBlog) – The Extreme Frustration Of Unemployed Americans

When Barack Obama visited Buffalo recently, he was greeted by a billboard advertisement with a very pointed message about unemployment. In just a few words it summarized the frustrations of an entire region. The billboard along I-190 had this very simple message for Obama: ”Dear Mr. President, I need a freakin job. Period. Sincerely, inafj.org.” As word about this billboard got out, it quickly made headlines all over the United States. Why? Well, the truth is that millions of hard working Americans are extremely frustrated about their lack of work right now. When you don’t have a job and you can’t provide for your family, very little else seems to matter. In fact, according to a recent Gallup poll, unemployment is now the second most important issue to American voters. The number one issue is the economy. Read More Here

(AFP) – Euro rescue package ‘just buys time’: Merkel

A trillion-dollar package to shore up ailing eurozone economies merely buys time until the deficits of certain members of the 16-member zone are cleaned up, German Chancellor Angela Merkel said Sunday. Read More Here

(SilverBearCafe) – Rigging the Markets – How They Do It

While the rest of the financial world struggles, it might seem strange that four of the largest US banks have made record profits this past quarter – and not just on average, but every single trading day. Too good to be true? Indeed. Read More Here

(HuffingtonPost) – Detroit’s Unemployment Rate Is Nearly 50%, According to the Detroit News

As many have noted, the Bureau of Labor Statistics, which culls federal unemployment data, does not account for all of the jobless in its widely-quoted national unemployment figures. Among those omitted: part-time workers who are looking for full-time jobs and frustrated job seekers who abandon their job search altogether. Read More Here

(BeverlyHillsCourier) – Flood Of Calif. Businesses Abandon State

Numerous California businesses are packing up their bags and trading in the blue skies and hot weather to head east.

The Courier obtained a copy of the businesses leaving California this year. They are: Read More Here

(SKOptionsTrading) – Where next for Gold?

So far in 2010, all eyes in the gold market have been looking up at $1225 wondering whether gold get back to that all time high? Now that question has been answered yet another arises, where next for gold? Read More Here

(SteveWatson) – Video: Ron Paul – Those Who Voted Against Audit The Fed Will Pay The Price

Texas Congressman Ron Paul appeared on CNBC’s Squawk Box earlier today to discuss the financial crisis and his ongoing effort to audit the Federal Reserve.

Paul, speaking publicly for the first time since the Senate passed a watered down version of his HR1207 amendment to fully audit the Fed, said that those who had essentially voted for more Fed power would see repercussions.

Video: Democracy Now! – Tariq Ali and Mark Weisbrot Discuss Greece’s Economic Crisis and Popular Uprising

“The People of Greece Are Fighting for the Whole of Europe”
The European Union and the International Monetary Fund have approved a nearly $1 trillion package to stop Greece’s debt crisis from spilling beyond its borders into the rest of the eurozone. Stocks surged in Europe, Asia and the United States Monday after EU leaders agreed to a $960 billion package to contain Greece’s financial troubles. Meanwhile, the austerity measures demanded by the IMF and the European Union as a condition of their loan are continuing to exact their toll. Greece’s two main unions have continued to hold protests against the reforms. In a statement, one of the unions said, “The crisis should be paid by…all those who looted public finances.” Last week nearly 100,000 people participated in a mass demonstration and a twenty-four-hour general strike against the austerity measures. Video Link Here

Real Video Stream – Real Audio Stream – MP3 Download

Economy

(Boston) – Double dip in housing values continues, despite tax credit/spring bump – Read More Here

(ClarionLedge) – Revenue: April numbers are sobering

Gov. Haley Barbour said last week that April revenue was 8.5 percent below estimates – a $45.1 million shortfall. Read More Here

(SacramentoBizJournal) – State’s revenue below projections for April

California’s controller, John Chiang, said the state’s April cash receipts fell below budget estimates by $3.6 billion, or 26.4 percent. Read More Here

(MinnPost) – 41 percent of metro area single-family homes believed ‘underwater’ – Read More Here

(MaverickBlog) – What Business is Wall Street In ?

My last two posts were designed to stimulate discussion. But lets talk the real problem that regulators, public companies, investor/shareholders and traders face. The problem is that Wall Street doesn’t know what business it is in. Regulators don’t know what the business of Wall Street is. Investor/shareholders don’t know what business Wall Street is in. Read More Here

(WashingtonsBlog) – Challenger Investigation Got $175 Million. Columbia $152 Million. Lewinsky $30 Million. 9/11 $15 Million. Financial Crisis Gets Only $8 Million – Read More Here

(Bloomberg) – Video: Jim Rogers on Greece Bailout, Yuan, Stocks – View Video Here

(NewsMax) – Video: Jim Rogers – Next Recession Will Be Much Worse! – View Video Here

(KurtNimmo) – Video: Obama’s Supreme Pick Kagan Is A Bankster Operative

Democrats are going gaa-gaa over Obama’s Supreme pick Elena Kagan. “Democrats praised Kagan as ‘razor sharp’ and impeccably qualified for the lifetime appointment on the nine-member bench, but Republicans promised to vigorously vet a ’surprising’ choice, noting she had never been a judge,” reports Agence France-Presse. “I have selected a nominee who I believe embodies… excellence, independence, integrity and passion for the law, and who can ultimately provide that same kind of leadership on the court,” Obama said at the White House. View Video Here

(AmpedStatus) – High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States – David DeGraw & Max Keiser – Read More Here

Layoffs:

Dean Foods – 350 to 400
RBS – 2,600
Update: Fort Wayne IN – 300 Teachers to Learn Layoffs Numbers today
City of Costa Mesa – 51 Possible
Town of Mesilla NM – 4
Newark Valley Central School District – 11

(InfoClearingHouse) – Kagan: – Goldman Sachs – Shifting Court to Right?

“A narrow elite is imposing itself through the legal system, and ordinary Americans need to start asserting themselves.”
The Wall Street Journal reports: “The White House said Friday that Elena Kagan’s membership on an advisory panel for the securities firm Goldman Sachs Group Inc. wouldn’t disqualify her for a position on the Supreme Court. … From 2005 to 2008, Ms. Kagan was a paid member of the Research Advisory Council of Goldman Sachs Global Markets Institute, according to financial-disclosure reports she filed after being appointed to her current job. The form shows she was paid $10,000 in 2008, when she was dean of Harvard Law School.” Read More Here

(StraightGoodNews) – Goldman Sachs Set to Plan Sell-Off of Ontario Assets

Huge and controversial banking firm has a history of playing both sides in privatization deals Read More Here

(AmericanEveryman) – The Stock Market “Glitch”: Blackmail by Big Banking?

The White House gets its way again. They get their way on two measures that would have given the people at least a little control of the “too big too fail” banking system. But how they got it, well that might just be the REAL story of the day.
“I mean this really sounds like market manipulation to me. This is outrageous.” Read More Here

(PaulWatson) – Bankers Destroy Global Economy by Design to Consolidate Power

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance. Read More Here

(SteveWatson) – Bankers, Economists: Mass Centralization At Heart Of Euro Bailout

Huge Euro rescue is latest step on the road toward a monolithic globalist federal union Read More Here

(AFP) – Fannie Mae seeks new $8.4 billion US bailout to stay afloat – Read More Here

(ZeroHedge) – EURUSD Roll Over Accelerates, Market Playing Catch Up – Tyler Durden

This may very well still turn out to be the shortest and must futile trillion dollar bailout in history yet. Don’t forget it was the EURJPY correlation desks that freaked out on Thursday and drained all NYSE liquidity in stocks.

It will be truly amazing if we get another 1000 point move in the Dow… But not up. Read More Here

(InternationalForecaster) – The latest Greek tragedy And Sovereign Defaults Pose A Great Threat – Bob Chapman

The latest Greek tragedy continues to leave carnage in its wake, crime compounds the debt problems, Problems everyone knew about nobody did anything about, the Sovereign debt bubble is now upon us, and could bring the world financial system down, a situation like the French Revolution in Greece, food stamps at a record high, unemployment and problems of poverty in the US, Read More Here

(NYTimes) – Video: Markets Welcome E.U. Rescue Package

Global markets rallied Monday, reversing the steep declines of recent days, after European leaders agreed to provide a huge rescue package of nearly $1 trillion to combat the debt crisis that has engulfed Europe, and central banks began injecting cash into the financial system. View Video Here

(EconomicCollapseBlog) – Is The Greek Debt Crisis Being Purposely Hyped And Manipulated? – Read More Here

(KurtNimmo) – Banksters Throw a Trillion Bucks Down a Black Hole

The EU apparatchiks are in crisis mode. European Union boss Jose Manuel Barroso told us not to worry, though. They’re on it.
“This morning’s agreement will ensure that any attempt to weaken the stability of the euro will fail,” said Barroso today as the EU threw around a trillion bucks at the cancer spawned by the Greek debt crisis. “We have stated that we will do whatever is necessary to defend the stability of the euro,” he said with an actor’s confidence. Read More Here

(Guardian) – The Greek spirit of resistance turns its guns on the IMF

Years of national denial about looming bankruptcy have turned to resentment as Greece is told how it must tackle its debt crisis Read More Here

(PaulWatson) – American Taxpayers Looted To Bail Out The Euro

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance. Read More Here

(ZeroHedge) – The Latest US Taxpayer Bill To Save Europe, And Specifically The French Banks: $57 Billion – Tyler Durden

As the US and its taxpayers represent roughly 20% of total IMF funding, today’s 3% loss in dollar purchasing power to the middle class will cost the middle class $57 billion. Read More Here

(ZeroHedge) – Summary Of The Biggest Bail Out Ever: Even Keynes Is Spinning In His Grave – Tyler Durden

Europe has now followed the Fed in its all in move to prevent the disintegration of the euro and of Europe. As we expected, the EU was leaking various rumors to gauge market interest, and as speculated earlier, the final cost ended up being just short of one trillion. Here are the key summaries: Read More Here

(LondonTelegraph) – British taxpayers ordered to bail out euro

All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system. Read More Here

(AP) – Federal Reserve opens credit line to Europe

The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.

Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort. Read More Here

(C4L) – Video: Ron Paul’s Texas Straight Talk –

Video: Greg Palast – “Remove the Bloodsuckers”

(TheExcavator) – The solution to the Greek crisis, and the global debt crisis, is simple according to investigative reporter Greg Palast. In his 2001 article called “The Globalizer Who Came In From the Cold,” Palast suggests that we should “remove the bloodsuckers,” who are the global financial wizards that work at the IMF, WTO and the World Bank and practice the art of dark finance. Palast details the step-by-step plan of how these transnational economic parasites bring entire nations to ruin, which he learned after he gained a hold of some precious World Bank documents that laid out the banksters’ game-plan of how to harness the financial will of sovereign nations and use it against them. Palast also talked with Joseph Stiglitz, the former Chief Economist of the World Bank and a Nobel prize winner, for the piece.

Economy

(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 Here – Update 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.

Video: Greece riots – 100,000 fight against harsh cuts in Athens financial crisis protests

See Also:

(CNN) – Video: Greece Descends Into CHAOS! – Video Link Here

(BusinessInsider) – Pictures Of The Most Violent Greek Riot Yet – Read More Here

(GlobalResearch) – Greece: Poverty and Social Implosion in the Wake of the Financial Bailout

“This is not our debt, but we are being made to pay for it,” said one angry Greek worker, explaining why he like thousands of other Greeks are taking to the streets in protest at their country’s bail-out plan. Read More Here

(KurtNimmo) – Deadly Greek Bank Fire Blamed on Opposition to IMF Austerity

How to discredit growing opposition to “austerity” measures? Kill a few people. It looks like this may be what happened in Greece today. Read More Here

(TimesOnline) – Greeks begin two-day strike as banking system is saved from meltdown

Greek public sector workers today began a 48-hour national strike that is a first test of the Government’s ability to enact new austerity measures agreed with the EU and IMF in return for billions of euros in aid. Read More Here

Economy

(RollingStone) – The Feds vs. Goldman

The government’s case against Goldman Sachs barely begins to target the depths of Wall Street’s criminal sleaze – Read More Here

(EconomicCollapseBlog) – Will The Gulf Of Mexico Oil Spill Be An Economic Disaster That The Gulf Coast Will Never Recover From? – Read More Here

(EconomicCollapseBlog) – How Is The U.S. Economy Supposed To Succeed When Our Politicians And The Big Banks Are Making Billions Of Dollars Betting Against It?

Most people around the globe think of America as a great “capitalist” economic machine, but the truth is that the U.S. financial system is essentially one massive betting parlor at this point. In fact, there has been a whole lot of easy money made in this betting parlor over the past several years by our politicians and by the big financial players down on Wall Street. So how did they make all of this money? They did it by betting against America. Read More Here

(GlobalResearch) – Covert Economic Agenda Beneath Immigration Reform – Shamus Cooke

How convenient for Goldman Sachs. Just as most working people were demanding that the Goldman bosses and other Wall Street criminals either be massively fined, jailed or worse, the nation’s attention is suddenly forced to react to the racist immigration law in Arizona. And although the two incidents are not directly related, they represent a trend that is likely to increase in the months and years ahead. Read More Here

(YahooFinance) – Video: Congress Refuses to Outlaw Insider Trading For Lawmakers

Even a cynic can find Washington’s hypocrisy shocking at times. The Wall Street Journal reports today a House bill that would force lawmakers to make greater disclosures on financial transactions and disallow them from trading on nonpublic information is going nowhere fast.

That’s right. Members of Congress are currently allowed to profit on insider trading! View Video Here

(WashingtonPost) – Illegal Immigrants cost feds more than $10 billion a year

A report that found that illegal immigrants in the United States cost the federal government more than $10 billion a year — a sum it estimated would almost triple if they were given amnesty — has drawn criticism from immigration advocacy groups. Read More Here

(WashingtonPost) – Effort to expand audits of Fed picks up steam in Senate

A contentious effort to expand audits of the Federal Reserve that sailed through the House despite heavy criticism appears to be picking up steam as the Senate considers broad new financial regulations. Read More Here

(GlobalResearch) – Cutting Public Debt: Economic Science or Class War?

In The Bullet no.345, Ingo Schmidt showed how the credit rating agencies have sparked an assault by international bondholders on the sovereign debt of Greece, where workers are being made to pay heavily for the fiscal crisis of the state. Read More Here

(WashingtonsBlog) – The Fed Must Be Audited: The Fraudulent Practices of the Federal Reserve

In March 2004, when Alan Greenspan was Fed chairman, he suppressed the opinions of those Fed officials who knew that there was a housing bubble.

Congressman Alan Grayson points out that – because the Fed unilaterally decided to hand out half a trillion to foreigners without any Congressional oversight, and that Bernanke testified that he didn’t know who got the loot – the Fed must be subject to an audit. Read More Here

(GlobalResearch) – Greece: Poverty and Social Implosion in the Wake of the Financial Bailout – Finian Cunningham

“This is not our debt, but we are being made to pay for it,” said one angry Greek worker, explaining why he like thousands of other Greeks are taking to the streets in protest at their country’s bail-out plan.
The so-called rescue package of €110 billion ($143 billion) facilitated by the European Union and International Monetary Fund (IMF) is not just aimed at shoring up Greece from total economic collapse. At stake too is the solvency of several other Eurozone countries – Belgium, Ireland, Italy, Portugal and Spain – and even the euro currency itself. Read More Here

(USAWatchdog) – Inflation and Bailouts Go Hand in Hand

Pick a financial fire and you can be sure the U.S. government will hose it down with gallons of money. AIG, General Motors, Chrysler, insolvent states, FDIC, Fannie, Freddie and all the banks are just a few of the blazes Uncle Sam has sprayed money on

Now, the Federal Reserve is printing up another $105 billion to send to Greece to help with its debt problem. Is the bailout cycle getting ready to take another turn bailing out the Banks? Read More Here

(CNBC) – European Union, Currency Are Headed for Collapse: Gartman

The current European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it, said Dennis Gartman, hedge fund manager and author of “The Gartman Letter.”
“I think the whole thing will go down to defeat, the whole thing will eventually unravel,” Gartman said in an interview with CNBC.com. Read More Here

(SmirkingChimp) – US Government Now 96.5% of the Mortgage Market Q1, 2010

If You Were NOT Paying for Your Neighbor’s Mortgage, How Many Home Sales Would There Be?

The US government IS the US housing market. Read More Here

(ABC30) – Video: City of Fresno Declares Fiscal Emergency

The city of Fresno is facing a $30.6 million budget shortfall and the mayor announced she wants to cut hundreds of city jobs. Video Link Here

Economy

(May 4) – Video: Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv – Part 1 Here – Part 2

(CNNMoney) – More than 80% of school districts to cut jobs – Read More Here

(LATimes) – Plunge in state revenue dashes hopes of an easy budget fix

Legislators were hoping revenue would continue to exceed projections, forestalling deeper cuts and further tax hikes. But April’s total was 30% below what was expected, leaving them with few options. Read More Here

(MyBudget360) – Middle class getting pushed into poverty and working poor status – The cloaked recovery for the middle class. How 30 percent of the poor are unemployed

Over 6.5 million of the 15 million unemployed Americans have been out of work for 27 weeks or more. As a percent, this is the highest number of long-term unemployed we have had since the Great Depression. Read More Here

(LRC) – The Rich Continue To Use Government To Cut Out Their Competition – Read More Here

(Guardian) – Greek protesters storm the Acropolis

World markets plunge over fears that Greece’s economic crisis will spread to other countries despite austerity measures Read More Here

(Taragana) – Goldman Sachs pays $450K to regulators who say it violated stock short-selling rule

The case involving Goldman’s stock-trading business is unrelated to the SEC’s civil fraud charges filed against the firm last month over mortgage securities transactions it arranged. Goldman has denied the allegations in that case and said it will contest the charges in court Read More Here

(InfoClearingHouse) – Bernanke’s Biggest Bailout – Mike Whitney

The right-wing think-tank, the American Enterprise Institute, is helping the Federal Reserve to develop a strategy to transfer $1.25 trillion in toxic mortgage-backed securities (MBS) and non performing loans onto the public’s balance sheet. Although it’s unknown whether Fed chair Ben Bernanke will act on the AEI’s recommendations, it does show that the Fed’s Quantitative Easing program (QE)–which moved the bulk of garbage assets from the banks to the Fed’s balance sheet–poses long-term problems that will need to be addressed. Bernanke never intended to keep these assets any longer than necessary. Now he is actively exploring options for getting rid of them. Read More Here

(WSJ) – Congress Members Bet on Fall in Stocks

Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows. Read More Here

(AmericanThinker) – The Dollar’s Inevitable Demise

In its first midsession review, the White House Office of Management and Budget estimated that at the end of 2010, the national debt will breach the $14-trillion mark. This means that America’s sovereign debt will be soon equal to the annual output of our economy. In other words, our national debt will shortly reach 100 percent of GDP. History and experience show that most governments that assume such levels of debt are ultimately not able to contain them. In most cases, this kind of situation eventually leads to the disintegration of the country’s monetary regime and the collapse of its currency. Read More Here

(ForexCrunch) – Rumor: Spain will ask for 280 billion euros of aid money – Euro plunges

A rumor that Spain will ask for 280 billion euros of aid money in order to deal with its debt is running in the past few hours in trade rooms. This is what’s bringing down the Euro. Read More Here

(Bloomberg) – Video: Marc Faber on Bloomberg – China’s Economy May Crash in Next 12 Months

Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg’s Haslinda Amin about the outlook for China’s economy. Faber, speaking from Hong Kong, also discusses Greece’s debt crisis and the euro, the commodities market, and the implications of political unrest in Thailand for the nation’s economy and stock market. View Video Here

Surprise! Obama Was Top Recipient of BP Donations in 2008

Of course the $71,000 Obama received from BP is chump change compared to what he got from Goldman Sachs, so don’t expect him to be returning any of it. Nor should you expect any of his media lapdogs to mention his BP connection. Read More Here

(BusinessInsider) – Guess Who’s Paying For The Greece Bailout? That’s Right — YOU

The bailout outrages never stop.

Of the 110-billion Euro Greece bailout, 30-billion (approx $40 billion) will be paid for by the IMF. Read More Here

(PRNewsWire) – Bottoms Down: Hotel Profits Decline Record 35.4 Percent According to PKF Report

According to survey results in the recently released Trends® in the Hotel Industry report issued by PKF Hospitality Research (PKF-HR), the average U.S. hotel suffered a 35.4 decline in profits in 2009. This is the greatest annual fall-off in the bottom line since PKF-HR began tracking the industry in the 1930s. Read More Here

(RussiaToday) – Video: Keiser Report meets Schiff Report

This time Max Keiser and co-host, Stacy Herbert, look at the scandals of President Bill Clinton’s skepticism on Goldman charges; the TARP watchdog’s handcuffs for Timmy Geithner; and the continuing ‘ratings surveillance’ payments to credit rating agencies for defaulted CDOs too complicated to unwind. In the second half of the show, Max interviews Peter Schiff, who is running for the Republican nomination for US Senate for Connecticut, about debating Greenspan, revaluing yuan and regulating that which is already illegal. View Video Here

(Fox) – Video: Freedom Watch – Rising Awareness On Rising Debt

A new campaign to defeat the debt puts the issue on the forefront

Economy

(Bloomberg) – US Households Lost $100,000 From Crisis, Study Says

The financial crisis and recession cost US households an average of about $100,000 in lost wealth and income, according to a study by former Treasury Department economist Phillip Swagel. Read More Here

(InternationalForecaster) – Global Financial Conflagration: The World of Fiat Money is Buckling under the Pressure of Unpayable Debts – Bob Chapman

America and the world face a financial conflagration of immense proportions. The world of fiat money and massive credit is buckling under the pressure of unpayable debt. Each day the safe haven of gold and silver related assets become more attractive. We ask where else do you go for safety? A conflagration is a fire out of control and that is exactly the conditions the world faces today. The inflationary depression has smoldered for 14 months and it will soon accelerate. Read More Here

(IPSNews) – U.S. States Consider Starting Their Own Banks

At least eight U.S. states are considering proposals to start state-run banks in the wake of an economic crisis where many private banks ceased or greatly decreased their lending, literally shrinking the money pool available in state economies. Read More Here

(WashingtonsBlog) – Should a Stock Market Decline Stop the Goldman Prosecutions?

As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.

From the San Francisco Chronicle: Read More Here

(TimesOnline) – Merkel misled Germans

She was initially hailed as the “Iron Chancellor” for holding out against a bailout for the Greeks. But this weekend Angela Merkel was accused of having misled voters after it emerged that Germany would contribute more than €25 billion (£21.7 billion) towards a rescue package. Read More Here

(Uruknet) – Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud – Read More Here

(Telegraph) – Pakistan facing bankruptcy

Pakistan’s foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy. Read More Here

(BitsOfNews) – Pol/Econ: The 401k Scam

“The 401(k) will turn out to be the greatest systemic financial hoax ever perpetrated on an unsuspecting public.” – William Wollman, The Great 401(k) Hoax
Like most people I was told to plow as much money into my 401k pension plan as possible. So like millions of other workers out there, I did as I was told. By 2003 I had accumulated a nice little nest egg…that I couldn’t touch. Then one day I was in a bookstore and I happened across a book called The Coming Generational Storm. What I read about 401k’s that day made me immediately stop all contributions. Read More Here

(Bloomberg) – Carnivores’ Dilemma Widens as Pork Signals Record Meat Prices

U.S. meat prices may rise to records this summer after farmers reduced hog and cattle herds to the smallest sizes in decades, the result of surging feed costs linked to demands for more ethanol. Read More Here

(CatoInstitute) – Video: Advice to Tea Partiers

The Tea Party movement may endure, but its endurance will be a testament to its ability to understand that cutting government means having a long-term focus. John Samples, author of The Struggle to Limit Government and Director of the Cato Institute’s Center for Representative Government, offers an assessment of what Tea Partiers should do if they want to sustain an effort to cut government.

Video: Greece erupts as men from IMF prepare to wield axe

(SundayTimes) – MAY DAY protests in Greece turned violent yesterday as youths in gas masks and hoods set fire to vehicles, smashed shop fronts and threw molotov cocktails and rocks at police in an explosion of fury over austerity measures they claim will hurt only the poor.

Tourists were cut off from their hotels as thousands of communists, civil servants and private-sector workers converged on a main square in Athens to vent their rage at the European Union and the International Monetary Fund (IMF).

Economy

(Rense) – FIRA – The 800 LB Gorilla In The Financial ‘Reform’ Bill – Joel Skousen

The lackluster Republican opposition to Senator Dodd’s Financial Reform bill is focused on whether or not the Democratic proposal allows for or prohibits additional bailouts. A secondary hot topic is the supposed derivative limitations. Frankly, these are both red herrings. They serve to mask an even larger danger that no one is talking about: a huge new government agency that will control all financial institutions in the US–and not just the “too big to fail” ones. Read More Here

(BBC) – UK unemployment increases to 2.5 million

The number of people unemployed in the UK rose by 43,000 to 2.5 million during the three months to February, official figures have shown. Read More Here

(BBC) – UK borrowing hits record £163.4bn – Read More Here

(WSJ) – 2nd UPDATE: US Regulators Close Seven Illinois Banks – Read More Here

(EPJ) – Understanding Just How Dangerous a Value-Added Tax Is – Read More Here

(EconomicPolicyJournal) – Here’s the Serious Situation that Could Blow Goldman Sachs Out of the Water – Read More Here

(WSWS) – Collapse of the Standard of Living in the USA

Studies Reveal Declining Living Standards and Increasing Anger Read More Here

(NPR) – Goldman Sachs Boasted As The Meltdown Unfolded

E-mails released Saturday morning show top executives at Goldman Sachs Group Inc. boasting about the money the firm was making as the national housing market collapsed in 2007. Read More Here

(MyBudget360) – The Futile Act of Saving in America Today – No Money Down Car Purchases, Low Down Payment for a big Mortgage, and High Interest Credit Cards for Everyday Spending – Read More Here

(BigGovernment) – IndyMac Attack: Did Schumer, Paulson, Soros, and the CRL Kill the Bank and Profit From Its Collapse? – Read More Here

(WSWS) – Obama Reassures Wall Street on Bank Regulation Bill

President Barack Obama went to lower Manhattan Thursday to deliver a message to Wall Street: Your profits and bonuses will not be disturbed by the regulatory overhaul making its way through Congress. Read More Here

(ZeroHedge) – Greece Welcomes Its New IMF Overlords With Day Of Rioting And National Strikes – Read More Here

(WashingtonPost) – For nations living the good life, the party’s over, IMF says

In the lingo of the International Monetary Fund, the future of the world hinges on “rebalancing and consolidation,” antiseptic words that would not seem to raise a fuss.

Who doesn’t want more balance in their life? Read More Here

(InfoClearingHouse) – Six Banks Control 60% of Gross National Product

Is the U.S. at the Mercy of an Unstoppable Oligarchy? Read More Here

(GlobalResearch) – Mortgage Madness: Financial Fraud in the Housing Market – Mike Whitney – Read More Here

(TruthDig) – The Story of the Financial Debacle: Goldman Plays, We Pay

The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly. Never in U.S. history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president. Read More Here

(WashingtonPost) – The best financial reform? Let the bankers fail

The trouble with Wall Street isn’t that too many bankers get rich in the booms. The trouble, rather, is that too few get poor — really, suitably poor — in the busts. Read More Here

(BoomBustBlog) – What We’re Looking For To Go Splat!

We have started picking new companies for forensic analysis, along with the ongoing study of the Pan-European Debt Crisis. Below you will find a sneak peak of what we have unearthed but first, the obligatory romp through recent news… Read More Here

(GoldScents) – On The Bring of an Asset Explosion II

Let me start off by saying the market should be correcting. Sentiment has reached ridiculous bullish extremes, the kind of extremes that led to the January /February correction. Read More Here

(CNN) – Video: SEC Watching Porno Not Wall St! – Jack Cafferty

Video: Alex Jones – Global Bank Conspiracy

(RussiaToday) – The IMF has proposed levying two global taxes on the worlds banks to make sure the banks dont get us into trouble again. If that sounds dubious that’s because it is, in reality what is being proposed, and has been falling into place for some time, is the framework for an unelected global authority with powers above and beyond those of sovereign governments.

IMF’s Global Taxes Can Only Be Enforced Through Global Government

(SteveWatson) – As you will have no doubt read in the headlines today, the IMF has proposed levying two “global” taxes on the world’s banks to make sure those greedy guys don’t get us into trouble again. If that sounds dubious, it’s because it is. In reality what is being proposed, and has been falling into place for some time, is the framework for an unelected global authority with powers above and beyond those of sovereign governments.

ADL Calls For Major Law Enforcement Operation To Deal With Obamacare Critics

(EUTimes) – The global banking elite are preparing to assault Americans with two huge new tax increases as President Obama contradicts the assurances of White House aides and his own campaign trail promise by asserting that a VAT tax is still on the table, as the IMF outlines a new tax on financial transactions that is being hailed as a blow to the banks yet represents another stealth tax on the people.

“President Barack Obama suggested Wednesday that a new value-added tax on Americans is still on the table, seeming to show more openness to the idea than his aides have expressed in recent days,” reports the Associated Press. – Read More Here

Climategate

(AP) – IMF suggests how to raise climate change funds

The head of the International Monetary Fund on Monday proposed a plan for the world’s governments to pool together to raise money needed to adapt to climate change, a rare step for an organization that normally does not develop environmental policies. Read More Here

(TheLocal) – Record sub-zero temperature suite broken

The recent thaw has loosened winter’s stranglehold on Sweden with mild weather finally breaking a record long period of sub-zero temperatures in many parts of the country, according to the Meteorological Agency, SMHI. Read More Here

(SOTT) – The Climate Industry Wall of Money

The big-money side of this debate has fostered a myth that sceptics write what they write because they are funded by oil profits. They say, follow the money? So I did and it’s chilling. Greens and environmentalists need to be aware each time they smear with an ad hominem attack they are unwittingly helping giant finance houses. Read More Here

IMF floats climate change fund idea

(UKPA) – Global financier the International Monetary Fund has switched its attention to the environment with a plan for the world’s governments to pool together to raise money needed to adapt to climate change.

IMF-style Austerity Measures Come to America – Ellen Brown

(WebofDebt) – In addition to mandatory private health insurance premiums, we may soon be hit with a “mandatory savings” tax and other belt-tightening measures urged by the President’s new budget task force.  These radical austerity measures are not only unnecessary, however, but will actually make matters worse.  The push for “fiscal responsibility” is based on bad economics.

Economy

(ABC) – Head of IMF Proposes New Reserve Currency

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar. Read More Here

(BusinessInsider) – Blockbuster Collapses: Shutting Down 500 Stores In Desperate Bid To Save $200 Million

Blockbuster is losing big when it comes to at-home videos, so they are cutting back on expenses and on advertising in the U.S. to make up for it. Read More Here

(Sympatico) – BBC web budget cut by half: report

The BBC has refused to comment on recent reports that it will close two radio stations and scale back its web presence in order to save about $965 million Cdn. Read More Here

(FloridaToday) – 23,000 now expected to lose jobs after shuttle retirement

The local economic forecast tied to President Barack Obama’s proposed NASA budget keeps growing bleaker. Read More Here

The U.S. Personal Income Tax: It Goes to The Family Rothschild

The more people like me speak out about this, the more will scratch their heads and go, “No way!” or “You’re an idiot, Garner!” or, worst of all, “You’re not an American!” Read More Here

(AFP) – Greek PM warns on bankruptcy as crunch looms

Greece risks bankruptcy unless strict austerity measures are enacted fast to cut its deficit, Prime Minister George Papandreou warned on Friday, while reports said the EU wants even more belt-tightening. Read More Here

(CNN) – Jobless benefits start ending on Sunday

Depending on extended unemployment benefits to see you through the Great Recession? Read More Here

Video: Real list of countries on verge of bankruptcy

(TheComingDepression) – Let’s talk a bit about these supposedly broke governments that have been reaching insolvency, and in cases like Iceland in 2006 and Argentina in 2001, have declared bankruptcy. It seems to most, as it would to anyone not ideologically retarded, that for all the public “brokeness” going on, there is always enough money for a bailout for some big bosses. Indeed, there’s never a shortage of money (or credit; whatever you want to call it) when it comes to buying up some big boss’ bad debt, or fleecing the public purse to provide him (them) with a fat tax cut so they can “create jobs” (see: off shore, low wage).

Video: The Alex Jones Show – Hour 1-The Fall of Tim Geithner & World Officials Investigate Climategate

Send Geithner to Prison for Lying to the American People

MSM: Bank of England Governor Mervyn King calls for merger of G20 and IMF

(Telegraph) – The G20 should effectively merge with the International Monetary Fund, under a radical proposal to overhaul management of the international economy issued by the Bank of England Governor.

IMF to Haiti: Freeze Public Wages

Since a devastating earthquake rocked Haiti on Tuesday–killing tens of thousands of people–there’s been a lot of well-intentioned chatter and twitter about how to help Haiti. Folks have been donating millions of dollars to Wyclef Jean’s Yele Haiti (by texting “YELE” to 501501) or to the Red Cross (by texting “HAITI” to 90999) or to Paul Farmer’s extraordinary Partners in Health, among other organizations. I hope these donations continue to pour in, along with more money, food, water, medicine, equipment and doctors and nurses from nations around the world. The Obama administration has pledged at least $100 million in aid and has already sent thousands of soldiers and relief workers. That’s a decent start.

MSM: Bank of England Governor Mervyn King calls for merger of G20 and IMF

(Telegraph) – The G20 should effectively merge with the International Monetary Fund, under a radical proposal to overhaul management of the international economy issued by the Bank of England Governor.

History of a Haitian Holocaust – Blackwater before drinking water

1. Bless the President for having rescue teams in the air almost immediately. That was President Olafur Grimsson of Iceland. On Wednesday, the AP reported that the President of the United States promised, “The initial contingent of 2,000 Marines could be deployed to the quake-ravaged country within the next few days.” “In a few days,” Mr. Obama?

Save the People of Iceland: the Official Petition

Iceland may be the first Western democracy to be forced into South-American style debt-slavery. The IMF, in concert with the UK and the Netherlands, has attempted to strongarm the recently impoverished Island of 317,000 into paying over 3.6 billion pounds ($6.3bn) — $86,000 per Icelandic family — at 5.5% interest for the next generation. The money is not conventional government debt, but arises from the collapse of a private multi-national bank during the financial crisis.

Fitch: U.S. State and Federal Debt to Hit 94% of GDP

How fast is government debt growing in the United States?details how serious the situation is:

Fitch Ratings has issued the starkest warning to date that the US will lose its AAA credit rating unless acts to bring the budget deficit under control, citing a spiral in debt service costs and dependence on foreign lenders.

A Call to the People of the World to Support Iceland Against the Financial Blackmail of the British and Dutch Governments and the IMF

(TarpleyNet) – Note: Birgitta Jónsdóttir is the leader of The Movement, a group within the Icelandic Parliament which has emerged from the mass struggle of Icelanders against the financial blackmail brought to bear against their country by the governments in London and The Hague, with the backing of the IMF, in the wake of the insolvency of three large Icelandic banks in the midst of the Lehman Brothers-AIG world financial panic of September-October2008. Birgitta Jónsdóttir is a courageous leader in the fight for national sovereignty, independence, dignity, and the economic well-being and future of her country.

Crotch Bomber Kicks Off Massive DNA Destruction

‘The Cartel’s silent, soft-kill weapons of mass DNA destruction are all around us. Depleting uranium, chemtrails, street and pharmaceutical drugs, vaccines, genetically modified foods, fluorides, aspartames, psychotropics, and now naked body scanners are used against us for a very basic reason: To keep us from waking up to their crimes by damaging our DNAs.’
Metaphysicians tell us that an individual’s DNA composition approximates one’s consciousness, and vice versa: One’s consciousness determines one’s DNA structure. Attack one, you attack the other. Improve one and you improve the other.

A Call to the People of the World to Support Iceland Against Financial Blackmail

Editor’s note: Birgitta Jónsdóttir is the leader of The Movement, a group within the Icelandic Parliament which has emerged from the mass struggle of Icelanders against the financial blackmail brought to bear against their country by the governments in London and The Hague, with the backing of the IMF, in the wake of the insolvency of three large Icelandic banks in the midst of the Lehman Brothers-AIG world financial panic of September-October2008. Birgitta Jonsdottir is a courageous leader in the fight for national sovereignty, independence, dignity, and the economic well-being and future of her country.

H1N1-Swine Flu: The Perfect Panacea for Political Dissent – The heady mixture of pestilence, war and internal instability

2009 has been a year of endless wars and man made pestilence. And 2010, looks like more of the same.
Pandemic emergencies have been invoked in failing or failed states such as Mexico last spring, and more recently in Ukraine (“Ukraine’s Fantom flu”, Foreign Policy, November 25, 2009).

Billions in Recent Yememi Investments and The Underwear Bomber’s Daddy. It’s a Small World Ain’t It?

Why are we attacking the people of Yemen?  Because some kid is alleged to have sewn a big fire-cracker into his underwear then sat on it in a plane over Detroit?  Nope.  Not even close. If you want to know what this is all about, follow Daddy’s money all the way to the IMF and Jaiz Bank.

EU/IMF Revolt: Greece, Iceland, Latvia May Lead The Way

Europe’s small, debt-strapped countries could follow the lead of Argentina and simply walk away from their debts. That would shift the burden to the creditor countries, which could solve the problem merely by a change in accounting rules.
Total financial collapse, once a problem only for developing countries, has now come to Europe. The International Monetary Fund is imposing its “austerity measures” on the outer circle of the European Union, with Greece, Iceland and Latvia the hardest hit. But these are not your ordinary third world debtor supplicants. Historically, the Vikings of Iceland repeatedly repulsed British invaders; Latvian tribes repulsed even the Vikings; and the Greeks conquered the whole Persian empire. If anyone can stand up to the IMF, these stalwart European warriors can.

Ukraine: H1N1 is not the Problem. Economic Catastrophe Conducive to Deterioration of Health Conditions

The Ukraine deaths attributed by WHO and Ukraine authorities to an uncontrolled outbreak of H1N1 Swine Flu are not the result of H1N1, a virus whose very existence has never been demonstrated by WHO. The deaths appear to be a consequence of collapsing general health conditions as well as supplies of basic grains. The IMF conditionalities imposed on Ukraine as a precondition for a stabilization loan and not Swine Flu is where we should look for the cause.

Slavery or Freedom? – Jane Burgermeister

(FluCase) – If history is anything to go by, just three per cent of us taking decisive action will be enough to stop dictatorship being established in Europe and the USA and resurrect the real democracy.