Economist Tim Madden: The PIIGS Brief: understanding how oligarchs rig, loot our economies

(Examiner) – Tim Madden is an economist with expertise on credit and banking. Tim and I are colleagues in lobbying government for public banking, with concentration in the US for state-owned banks (and here). The good news is that structural solutions to our economic controlled demolition are obvious and simple; and explained beautifully by many of America’s brightest historical minds. The bad news is that we’re still mired in oligarchic looting of our economies. Continue reading

Video: Max Keiser and Alex Jones Cover the Globalist Takeover

(PressTV) – Alex and Max discuss bankster scams, including the wholesale looting of pension funds and the engineered failure of national economies. Continue reading

Video: Keiser Report №32: Markets! Finance! Scandal!

(RussiaToday) – Today, Max Keiser and co-host Stacy Herbert look at the scandals of Prozac pilots and Chinese drywall; Timothy Sniveling Scamster Geithner, asking “what choice did the President have?”, and finally, Jamie Dimon, the most dangerous man in America, complaining about the demonization of mega-banks. Max also talks to Rolling Stone journalist, Matt Taibbi, about “Looting Main Street.” Continue reading

Economy

(NYTimes) – Program to pay homeowners to sell at a loss

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. Read More Here

(BuffaloNews) – Food-stamp recipients up to record 39 million

Almost 39 million Americans received food stamps in December, the most ever, as the jobless rate hovered near a 26- year high, the government said. Read More Here

(Freep) – Owners walk from homes, values erode

With more than 500,000 households in Michigan owing more on their mortgages than the homes are worth, thousands of Michigan residents are choosing to abandon their homes and walk away, even if they can afford to continue making payments. Read More Here

(Blog) _ Are Traders Demanding US Credit Default Swaps Payable in Gold?

If another author had said this I might not pay it so much attention. Lately some have been given over to a tabloid approach to overstatement and sensational headlines to attract attention. This is a strong temptation as the blogosphere expands, similar to the development and evolution of newspapers as a popular medium in Victorian London for example. Read More Here

(WorldTribune) – Organized crime: The ‘looting’ of $11 trillion from the U.S. economy

The following is based on a report by Cliff Kincaid for Accuracy in Media. Read More Here

(MSNBC) – Public pension funds are ‘going to Vegas’

States and companies have started investing very differently when it comes to the billions of dollars they are safeguarding for workers’ retirement. Read More Here

(ABC) – A Complicated Enemy: Obama Seeks to Vilify Health Insurers, Give Them $336 Billion Check

ABC’s Z. Byron Wolf reports: President Obama and Democrats launched a campaign to vilify insurance companies in the final stretch of their health reform effort. Read More Here

(Telegraph) – The end of the road for Barack Obama?

Barack Obama seems unable to face up to America’s problems, writes Simon Heffer in New York. Read More Here

Greek police stormed a government printing

In Athens, Greek Ministry of Internal Affairs officers stormed the state printing office. It is reported by TV channel “Russia 24”.

Greek police want to prevent the publication of government paper with the text of the law of the new stringent economy measures of the federal budget. According to the law of the country, passed a law can come into force only after publication in the official newspaper of the Government of Greece. Read More Here

(OpEdNews) – First Iceland, then the World

Who cleans up the mess when ignorant, greedy bankers rack up massive debt then go broke? The people of Iceland made a strong statement Saturday. The sins of big bankers and government regulators shouldn’t fall on the citizens. By a 93% to 2% margin, they voted down a proposal requiring them to cover bad debt incurred by one of the nation’s oldest and largest banks. Covering the debt would have cost Iceland’s 317,000 citizens around $17,000 each. Read More Here

(DailyTelegraph) – Fuel bills will pay for eco-upgrades

Ed Miliband, the Energy and Climate Change Secretary, said seven million homes will have insulation or renewable energy devices like solar panels fitted by 2020. Read More Here

(TulsaWorld) – No bottom yet – Big revenue source down 12th straight month

Tulsa’s sales-tax revenue this month dropped 11.6 percent or about $2 million from March 2009, capping off 12 straight months of negative numbers. Read More Here

(Reuters) – China at the wheel of the Soros and Goldman Gold Hedging Vessel – Read More Here

(CNN) – Chevron to cut 2,000 jobs – Read More Here

(Tennessean) – Ford finance arm to cut 200 jobs in Franklin – Read More Here

(MercuryNews) – Cash-strapped LA County courts to begin layoffs – Read More Here

(KCTV5) – Shawnee Mission Schools Cutting $10 Million, 128 Jobs – Read More Here

(CNN) – 43% have less than $10k for retirement

The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. Read More Here

(TaxProf) – CBPP: 33 States Have Raised Taxes by $32 Billion/Year – Read More Here

(BaltimoreSun) – Counties face more cutting as state income tax payments fall – Read More Here

(BusinessInsider) – Flashback – Video: Simon Johnson Decries Influence Of Wall Street Oligarchs, US A Banana Republic – Read More Here

Video: The billionaire bailout society

(RussiaToday) – The new financial instruments invented about 30 years ago helped the America’s wealthiest to suck up the extra wealth created by deregulated finance system, explains Les Leopold, author of “The Looting of America”. Continue reading

“Breaking the Silence:” Testimonies of Israeli Soldiers

“Breaking the Silence is an organization of veteran Israeli soldiers that collects anonymous testimonies of soldiers who served in the Occupied Territories during the Second Intifada.” They recount experiences that deeply affected them, including abusing Palestinians, looting, destroying property, and other practices “excused as military necessities, or explained as extreme and unique cases.” Continue reading

RED ALERT: The Total Takeover Of America Enters Its Final Phase

The wholesale looting of America and the transfer of wealth and power over to a private banking elite who are setting up a world government, along with the complete obliteration of any remaining freedom to protest, resist, or even speak out against this agenda, is now entering its final phase as numerous different pieces of the jigsaw puzzle fall into place and portray a clear picture of tyranny. Continue reading