Video: ‘News blackout’ to hit Italy

(PressTV) – Italian journalists say they will stage a “news blackout” to protest a proposed law that could hinder the media freedom in the European country.

Some 2,000 journalists filled Rome’s Piazza Navonna on Wednesday to protest the move, and pledged a news blackout on July 9 to protest the law, which is seen as a threat to the free flow of information, The Boston Globe reported.

Video Link Here -> Continue reading

Video: Keiser Report № 42 – Markets! Finance! Scandal!

This time Max Keiser and co-host Stacy Herbert look at the scandals of perfect trading days; PIIGS flying only to fall to earth five minutes later when markets realize the Euro-Tarp financiers are themselves bankrupt debt pigs; and Max Keiser explains high frequency terrorism in the Manchurian candidate markets. In the second half of the show, Max interviews post-neoclassical economic philosopher Damon Vrabel about the European bailout, the financial empire and the IMF, and how the right kind of republic can provide some solutions.

Economy

(SkyNews) – Bid To Storm Irish Parliament Foiled

Protesters have clashed with police as they tried to break through the gates of the Irish parliament during a march against bank bailouts. Read More Here

(AmericanThinker) – The Failure of the Unfree Market

What we have here is the failure of the unfree market. That means the failure of Greece. And the other PIGS (Portugal, Italy, Greece, Spain). And Europe. And it means the U.S., too. It even includes the Great Recession. The modern welfare state is collapsing around us. Read More Here

(SteveWatson) – New UK Government To Be Infested With Bankers

One in ten new MPs has background in international banking Read More Here

(SteveWatson) – UK Economy May Be Allowed To Crash And Burn Like US Banking Giant

Analysts, Economists: Britain May Become Lehman To Greece’s Bear Stearns Read More Here

(Reuters) – Food-stamp tally nears 40 million, sets record – Read More Here

(FoxNews) – World Health Organization Moving Ahead on Billions in Internet and Other Taxes

The World Health Organization is moving full speed ahead with a controversial plan to impose billions of dollars in global consumer taxes on such things as Internet activity and everyday financial transactions like paying bills online — while its spending soars and its own financial house is in disarray. Read More Here

(GlobalResearch) – “Drop Dead Economics”: The Financial Crisis in Greece and the European Union – Michael Hudson

Riddle: How are the Greek rioters like America’s Tea Party movement?

Answer: Both reject government being taken over by the financial oligarchy to shift the tax burden onto labor. Read More Here

(USNews) – U.S. Cancer Costs Double in Two Decades

Study also finds that private insurance pays greater share today Read More Here

(PaulWatson) – Tea Party Clueless About U.S. Tax Dollars Funding Bailout Heist

Silence from anti-tax movement on bailouts is deafening – and dangerous Read More Here

(WashingtonsBlog) – The European Bailout: Not a Very Promising Start

Many people have written insightful criticisms of the European bailout. For example, Tyler Durden, Joe Weisenthal and Gregory White point out that the French banks are the real winners of the bailout (but don’t forget JP Morgan).

Ron Paul points out that the Fed opening its swap lines to Europe violated its promise to Congress not to do so. Paul also says the bailout will help lead to the destruction of all fiat paper currencies, ensuring that “gold will rule the roost”. Read More Here

(House.gov) – The Fed Is Using Its Cronies And Lobbyists To Stop Us From Auditing It – Ron Paul

It doesn’t come as too much of a surprise that the measure to audit the Federal Reserve is coming under continuous fire from the central bank and its cronies. For the first time since the Federal Reserve was created nearly a century ago, they have hired an actual lobbyist to pound the pavement on Capitol Hill. This is a desperate effort to hang on to the privilege of secrecy and lack of accountability they have enjoyed for so long. Last week showed they are getting their money’s worth in the Senate. Read More Here

(WSJ) – Did a Big Bet Help Trigger ‘Black Swan’ Stock Swoon?

Shortly after 2:15 p.m. Eastern time last Thursday, hedge fund Universa Investments LP placed a big bet in the Chicago options trading pits that stocks would continue their sharp declines.

On any other day, this $7.5 million trade for 50,000 options contracts might have briefly hurt stock prices, though not caused much of a ripple. But coming on a day when all varieties of financial markets were deeply unsettled, the trade may have played a key role in the stock-market collapse just 20 minutes later. Read More Here

(Reuters) – Gold rises above $1,220 on euro zone debt fears

Gold hit five-month highs on Tuesday, rising to within $5 of its December record peak as risk aversion returned on doubts over smaller euro zone countries’ ability to cut their deficits despite a $1 trillion aid package. Read More Here

(BusinessInsider) – Gold Is On Fire, As Market Sneers At Euro Bailout

Along with the overall market malaise, the other big warning sign right now is the gold surge. The metal is now nearly $1220/oz. As Stacy Herbert puts it: The gold vigilantes are in a shootout with the ECB and the Fed. Read More Here

(GoldTrends) – Brother Can You Spare a Trillion?

In a nutshell they will buy bonds and will intervene in markets and “do what they have to” in order to avoid a meltdown. This is akin to the USA bailout of 1 Trillion dollars. This will only buy time, but it is all that can be done right now. For the moment the term being touted this Monday morning is “putting a floor on risk assets”. This time they mean stocks and bonds and not commodities. Read More Here

(Goldseek) – Where’s my Government Check

Reading the financial press, I recently noticed that of the 139 million workers in the Bureau of Labor Statistics household survey of workers, 47 percent don’t make enough to file and pay federal taxes beyond any collected social security tax. This means that out of a population of 310 million Americans, only 74 million (about 24 percent) pay federal taxes on April 15th. Read More Here

(ZeroHedge) – European Banks Now Feverishly Betting Against Euro, As Bailout Fails, Gold Surges – Tyler Durden

Thought experiment: You are the head FX trader at French megabank Croc Monsieur & Cie. (HFT: CMC) For the past 5 years, your bonus has been getting paid primarily in company stock. In the last two weeks you have seen the stock of your firm plunge as the markets have finally realized that those idiots in the Fixed Income desk have loaded up to the gills with PIIGS debt which is now worth 60 cents on the dollar at best. And to top things off, the euro has plunged to multi year lows killing any chance of buying that New York Pied A Terre which seemed so cheap when the EURUSD was 1.50 a few months ago. So what do you do? Well, you short the living daylights out of the EUR, knowing full well that the EU, the IMF and the ECB will not let Europe crash. You sell, you sell on margin and then you sell some more, trying to get EURUSD all they way down to 1.20, to 1.10, even to parity if possible, to make it all that more believable that the end of Europe is coming. Read More Here

If Marijuana Production Were Legal: Projected Tax Revenues, by State

Love it or hate it, people smoke marijuana – lots of it. In some states marijuana consumption and possession have been decriminalized, and even legalized for medicinal purposes. But, have you ever wondered how large the economics of Marijuana were? Us too. As a result ,have decided to put together this graphic, which illustrates the popularity of marijuana consumption, the federal tax dollars spent to keep marijuana illegal, and the possible tax revenues that could be generated if marijuana production were legalized and taxed like any other agricultural product. Read More Here

(RussiaToday) – Video: Alex Jones on Greece: It’s Robbery, Not Bailout!

Greece has kick-started talks on implementing its new economic austerity measures despite warnings of new union rallies. The plans will see pensions slashed and the retirement age increased. The measures were a pre-requisite for an international loan to pluck the country from the brink of bankruptcy. But investigative journalist Alex Jones says the bailout is a crime and will only hit tax payers even harder in the pocket.

(Infowars) – Video: Webster Tarpley Predicts End of The EURO on Alex Jones Tv

Part 1 of 2

Continue reading

MSM: Silvio Berlusconi caught out trying to stifle media

(IND) – Wiretaps of Silvio Berlusconi haranguing a broadcasting official over what he saw as politically hostile programming have prompted new criticism of the Italian premier for attempting to stifle the media. Continue reading

Economy

(KrugmanInWonderland) – The Most Bizarro Health “Reform” Arugment: ObamaCare Will Cut the Deficit

Is Paul Krugman an economist or a political operative? Seven years ago, I said it was the latter, and nothing Krugman has written since then has changed that opinion. In this blog post, Krugman once again exposes himself as the politically-partisan shill that he has become. Read More Here

Spiegel: 2009 swine flu pandemic a boost for Big Pharma/R. C. Camphausen

Those who suspected a money- and greed-driven conspiracy behind the 2009 swine flu outbreak – declared a pandemic by overzealous WHO officials and their advisers from within the industry – are being proven right by recent revelations in Der Spiegel. Read More Here

Video: The Best investment opportunity in 30 years Silver – Investment Tips – Video Link Here

(PressTV) – Anti-Berlusconi strike paralyzes Italy

Italy has been hit by a nationwide worker strike following a call by the country’s largest trade union, which has protested at Rome’s economic and immigration policies. Read More Here

(SmirkingChimp) – United States of Foreclosures: How ‘Bankquakes’ Shake People from Their Homes

The financial crisis started as a housing bubble with the financial industry convinced that home values never fall. How wrong they were even as they leveraged and securitized their investments to create a global crisis. Read More Here

(RealNewsNetwork) – Video: Wars sending U.S. into ruin

Eric Margolis: Obama the peace president is fighting battles his country cannot afford View Video Here

(DailyMail) – UK taxpayer ‘WILL pay tens of billions of euros for Greek rescue’

The UK taxpayer could still end up forking out for the bailout of debt-stricken Greece despite Treasury assurances, politicians warned last night. Read More Here

(DailyBreeze) – Report: One-fourth of welfare payments go to illegals

Nearly one-quarter of state welfare payments and food stamps issued in Los Angeles County go to children whose parents are in the U.S. illegally, according to January figures released today. Read More Here

(FT) – Alleged Tarp fraud at The Park Avenue Bank [UPDATED]

Watch this space: at 1pm ET on Monday, Tarp overlord Neil Barofsky will discuss the arrest of one Charles J Antonucci Sr, the former president and chief executive of the (failed) Park Avenue Bank in New York. Read More Here

(WSJ) – Maryland’s Mobile Millionaires

Illinois Governor Pat Quinn is the latest Democrat to demand a tax increase, this week proposing to raise the state’s top marginal individual income tax rate to 4% from 3%. He’d better hope this works out better than it has for Maryland. Read More Here

(MCall) – Recession hitting returning vets hard

Despite skills acquired, those who served have higher unemployment rate than that of the general population. Read More Here

(Time) – China Takes Aim at the U.S. on Currency Conflict

At one moment during Chinese Prime Minister Wen Jiabao’s press conference on Sunday, it was easy to confuse whom he was criticizing when he denounced efforts by some countries to lower the value of their currency to boost trade. Read More Here

(Mirror) – Cabin crew strikes will ‘kill’ British Airways

British Airways could go bust if cabin crew strikes go ahead, Transport Secretary Lord Adonis warned yesterday. Read More Here

(Bloomberg) – U.S., U.K. Move Closer to Losing AAA Credit Rating

The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service. Read More Here

Video: Financial Warfare Exposed – Soros, Goldman Sachs, Hedge Funds Attack Greece to Smash Euro

(WebsterTarpley) – It has been evident for some time that the ongoing speculative attack on Greece, along with such other countries as Spain, Ireland, Portugal, and Italy, was not primarily a reflection of their economic fundamentals, nor yet a spontaneous movement of “the market,” but rather an orchestrated action of economic warfare. Continue reading

World War

(Reuters) – China PLA officers urge economic punch against U.S.

Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan. Read More Here

(AntiWar) – AP Pulls Iran Nukes Story After Antiwar.com Exposé

Associated Press issued a story yesterday (Monday) entitled “Iran moves closer to nuke warhead capacity.” It was full of inaccurate and misleading information implying that Iran had admitted trying to enrich weapons-grade nuclear material. The story appeared on a wide variety of media. Read More Here

(TheStar) – U.S. missile defence plans aimed at Russia, top military official says

U.S. missile defence plans are a threat to Russian national security and have slowed down progress on a new arms control treaty with Washington, Russia’s top military officer said Tuesday. Read More Here

(Reuters) – Italy says Iranian militia attacked its embassy

Italy said dozens of members of Iran’s hardline religious Basij militia had tried to attack its embassy in Tehran on Tuesday, but Iranian media described the incident as a student protest and did not mention any violence. Read More Here

(Haaretz) – Four things Netanyahu needs for an Israeli strike on Iran

To give the green light for a military strike against Iranian nuclear facilities, Prime Minister Benjamin Netanyahu requires evidence of a clear and present danger; the assurance of the Israel Defense Forces that it can do the job; domestic support; and also the consent of President Obama, who learned from his predecessors in the Bush family that you should only go to war in the Persian Gulf three years into your presidential term, after congressional elections. Tehran is in the crosshairs, but not before 2011. Read More Here

(Video) – Iran’s Nuclear Facilities: The Facts – Video Link Here

(IslamTimes) – ‘Iranian weapon ends Apache copters’ air supremacy’

A senior Iranian military official says Iran has developed a special weapon that can bring down Apache helicopters. Read More Here

(Film) – Iran is not the Problem

IRAN (is not the problem) is a feature length film responding to the failure of the American mass media to provide the public with relevant and accurate information about the standoff between the US and Iran, as happened before with the lead up to the invasion of Iraq. View Film Here

(ChristianScienceMonitor) – Most Iranians support Ahmadinejad and nuclear power, poll finds

Most Iranians support Ahmadinejad and the country’s nuclear program, even as they favor restoring diplomatic relations with the US. Read More Here

(CNSNews) – ‘Stop Sending Your Spies Here,’ Judge Tells China

With a message to Beijing to “stop sending your spies here,” a U.S. judge on Monday sentenced a Chinese-born former Boeing engineer to more than 15 years in prison for economic espionage and acting as an agent for China. Read More Here

(AsiaTimes) – Beijing beefs up cyber-warfare capacity

While the furor over cyber-attacks against Google has lapsed somewhat, the Sino-American confrontation over the larger issue of Internet security and global digital warfare is expected to intensify in the near future Read More Here

(Reuters) – US wants UN sanctions resolution on Iran within weeks

The United States wants the U.N. Security Council to approve a resolution within weeks, not months, laying the ground for new sanctions against Iran over its nuclear programme, the Pentagon said on Tuesday. Read More Here

(PressTV) – Leader says Iran stands tall in face of threats

Ahead of the anniversary ceremonies of the victory of the Islamic Revolution, its Leader said Monday threats against Iran emanate from the enemy’s inability to comprehend the divine roots of the Islamic Republic. Read More Here

(PressTV) – ‘Middle East will determine fate of the world’

Iranian President Mahmoud Ahmadinejad says the Middle East is the region that “will determine the fate of the world.”
“The Zionist regime and its allies are on the losing side, and the free nations’ resistance is empowered,” Ahmadinejad said in Tehran on Monday during a meeting with Popular Front for the Liberation of Palestine Secretary General Ramadan Abdullah Shallah. Read More Here

(LATimes) – U.S., EU castigate Iran for human rights abuses

The United States and the European Union on Monday condemned human rights abuses in Iran in the wake of the Islamic Republic’s announcement that it would expand its nuclear materials enrichment effort. Read More Here

What Do Rising Sovereign Credit Default Swaps Mean?

(WashingtonsBlog) – Rolfe Winkler argues that – in the short-run – the PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) will slash their budgets and get bailed out by the EU. Continue reading

Video: Dubai Balks at Debt Payment, Rattles Global Markets

(Telegraph) – Stock markets in Germany, France, Spain and Italy were all down about 2pc in early afternoon trading as investors retreated from riskier assets. Investors spent the morning digesting the news that Dubai World, the government investment company with $59bn of liabilities, is seeking to delay repayment on much of its debt. Price for European government bonds rose as investors moved money into safer assets. Continue reading

Video: Italy turns the tables on the CIA – Webster Tarpley

(RussiaToday) – Nearly two dozen CIA agents have been convicted for their alleged involvement in the kidnapping and rendition of Muslim cleric Abu Omar. He was allegedly kidnapped on a Milan street in 2003 and sent to an Egyptian “black site” with the approval of the CIA and the Italian intelligence service. Though the CIA agents may not have to serve any prison time, the ruling could set a precedent that no government is above basic human rights. Continue reading

MSM: MI5 Money Got Mussolini Started in Politics

(Guardian) – History remembers Benito Mussolini as a founder member of the original Axis of Evil, the Italian dictator who ruled his country with fear and forged a disastrous alliance with Nazi Germany. But a previously unknown area of Il Duce’s CV has come to light: his brief career as a British agent. Continue reading

Italy Ex-President – CIA And Mossad Ran 9-11

Former Italian President Francesco Cossiga, who revealed the existence of Operation Gladio, has told Italy’s oldest and most widely read newspaper that the 9-11 terrorist attacks were run by the CIA and Mossad, and that this was common knowledge among global intelligence agencies. In what translates awkwardly into English, Cossiga told the newspaper Corriere della Sera: Continue reading

American Imperialism and Terrorism

The Native Americans, or Red indians, could see that the non-native Americans who arrived after Columbus were a bunch of terrorists. Continue reading

Hitler was a Godsend for Israel – Henry Makow

The vast majority of German Jews “vehemently rejected Zionism as an enemy from within.” They were Germans. Eighty thousand had fought in the trenches and 12,000 had died. “Nowhere was the opposition of Jews [to Zionism] so widespread, principled, and fierce as in Germany,” a Zionist historian wrote. (168) Continue reading

Italy to Declare Independence from US Military

Do they have a fourth of July in Italy? That’s not a trick question. This July 4th, Italians plan to gather in Vicenza to take nonviolent action aimed at freeing Italy from U.S. occupation and opposing the proposed construction of an enormous new U.S. military base in a town already swarming with U.S. troops stationed at existing bases. Continue reading

Obama must prosecute Bush-era torture enablers

With Dick Cheney and the infamous torture memos making headlines, President Obama and our nation face a choice. Should they prosecute or protect those responsible for the torture of detainees in secret CIA detention centers? If our leaders wish to steer our country back to the right side of the law, they must act immediately and unequivocally to prosecute. Continue reading

Ocean Acidification Risks Mass Extinction of Sea Life

Increasing acidity of the oceans due to rising carbon dioxide (CO2) emissions pose a major threat to aquatic life, scientists are warning. Continue reading

Video: Two years recession, or ten years of hell?

William Engdahl: US economy has been hollowed out over the last 15 years and the debt load is staggering Continue reading

NATO In The Persian Gulf

From Third World War To the Istanbul Cooperation Initiative

The NATO summit held in the Turkish city of Istanbul on June 28-29, 2004 was nothing less than epochal in terms of its geopolitical repercussions, where several historical thresholds were crossed and post-World War II international taboos violated. Continue reading