Archive for the ‘Banksters and Gangsters’ Category

Everything is Rigged: The Biggest Price-Fixing Scandal Ever

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything. http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425


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Why Krugman and the Keynesians Are Lackeys for the Neo-Feudal Debtocracy

Like all cargo cults, Keynesians maintain a magical-thinking belief in the power of wanting more stuff. But in so doing, they embrace and support the mystification that protects the power structure that is dooming the nation and its economy to stagnation and eventual collapse (call it “reset” if you prefer). By focusing on increasing demand and consumption by any means, the Keynesian Cultists miss the key dynamics of sustainable growth and fail utterly and completely to acknowledge the corrupt and exploitive nature of our cartel-state crony-capitalism economy. Has their naivete blinded them to the power structure of the neofeudal-neocolonial debtocracy? It seems unlikely, and so that leaves a less savory motivation: co-option.They’re raking in big bucks as apologists for cartel-state crony-capitalism, and as a result they don’t dare question the power structure, much less hazard a critique of the hands that feed them. http://www.zerohedge.com/news/2013-04-24/guest-post-why-krugman-and-keynesians-are-lackeys-neofeudal-debtocracy


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Fed Desperate To Stop Collapse

Let us be sure we understand how risks for the once masterful US economy became so great. The main cause of America’s demise is the offshoring of manufacturing and professional service jobs. This deprived the US economy of consumer income and state, local, and federal governments of tax base. When the offshored production comes to the US to be marketed, it drives up the trade deficit. The result is larger surpluses in the hands of foreigners, who use the dollars to purchase income-earning US assets. Consequently, this income also flows out of American hands into foreign hands. Drained of consumer purchasing power, the US economy faltered. The Federal Reserve decided to substitute an increase in consumer debt as a substitute for the missing growth in consumer income in order to keep a consumption-driven economy alive. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/24_Former_US_Treasury_Official_-_Fed_Desperate_To_Stop_Collapse.html


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Abnormalcy Bias

The 100 year downward spiral began gradually but has picked up steam in the last sixteen years, as the exponential growth model, built upon ever increasing levels of debt and an ever increasing supply of cheap oil, has proven to be unsustainable and unstable. Those in power are frantically using every tool at their disposal to convince Boobus Americanus they have everything under control and the system is operating normally. The psychotic central bankers, “bought and sold” political class, mega-corporation soulless chief executives and corporate controlled media use propaganda techniques, paid “experts”, talking head “personalities”, captured think tanks, and the willful ignorance of the majority to spin an increasingly dire economic descent as if we are recovering and getting back to normal. Nothing could be further from the truth. http://www.theburningplatform.com/?p=52862


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Switzerland Revises 1934 Banking Act to Allow Bail-In Deposit Confiscations!

The Swiss Financial Market Supervisory Authority (FINMA) has quietly joined the growing parade of Western nations who have quietly re-written banking laws to allow depositor bail-ins upon the next banking crisis. If Switzerland, the once ultimate safe haven for banking deposits across the world is preparing to confiscate depositors funds, there truly is no protection anywhere other than physical gold and silver in your own possession. http://silverdoctors.com/switzerland-revises-1934-banking-act-to-allow-bail-in-deposit-confiscations/


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Too Big to Jail

Corporate America just received the confirmation that they’ve been waiting for. The attorney general of the United States has now admitted that the biggest American financial corporations have created such a labyrinth of their structures and practices that the Justice Department has given up trying to police them in matters of corruption or criminal malfeasance, saying that bringing down any of these mega-banks or businesses could cause crash the economy. http://www.counterpunch.org/2013/03/18/too-big-to-jail-2/#.UWQkvEYGYxs.email


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Truth is Offensive

Without WikiLeaks and Assange the world would know essentially nothing. Spin from Washington, the presstitute media, and the puppet state medias would prevail. So the word went out to destroy Julian Assange. It is amazing how many people and Internet sites obeyed Washington’s command. Assange has been so demonized that even though he has been granted political asylum by Ecuador, the British government, obeying its Washington master, refuses to allow him safe passage out of the London Ecuador Embassy. Is Assange destined to live out his life inside the Ecuador Embassy in London? Will Assange be a replay of Cardinal Jozsef Mindszenty who on November 4, 1956, sought asylum in the U.S. embassy in Budapest as Soviet tanks poured into Hungary to put down the anti-communist revolution? Cardinal Mindszenty lived for 15 years in the U.S. embassy. Today it is “freedom and democracy” amerika that is copying Soviet practices during the cold war. In contrast with “freedom and democracy” U.S. and UK, the “authoritarian,” “communist,” “oppressive” Chinese government when confronted with Chinese dissident Chen Guangcheng’s defection to the U.S. embassy in Beijing, let him go. It is an upside down world when America and the British refuse to obey international law, but the Chinese communists uphold international law. http://www.paulcraigroberts.org/2013/03/31/truth-is-offensive-paul-craig-roberts/


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Wall Street’s Role in the Crisis in Cyprus

Recent events in Cyprus, the seizure of bank deposits to affect bailouts of large private banks and the implementation of capital controls to limit the rate at which remaining bank deposits can be moved out of the country, suggest the global banking crisis widely presented in the mainstream press as behind the West is still very much present. http://www.counterpunch.org/#.UVbdD9d0fNw.email


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Conrad

The people of Europe should most certainly stop making deposits into the banks. …………………… JACK™S WAR https://www.createspace.com/3820778/

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The Global Elite Are Very Clearly Telling Us That They Plan to Raid Our Bank Accounts

Don’t be surprised when the global elite confiscate money from your bank account one day. They are already very clearly telling you that they are going to do it. Dutch Finance Minister Jeroen Dijsselbloem is the president of the Eurogroup – an organization of eurozone finance ministers that was instrumental in putting together the Cyprus “deal” – and he has said publicly that what has just happened in Cyprus will serve as a blueprint for future bank bailouts. What that means is that when the chips are down, they are going to come after YOUR money. http://theeconomiccollapseblog.com/archives/the-global-elite-are-very-clearly-telling-us-that-they-plan-to-raid-our-bank-accounts


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Canada Includes Depositor Haircut Bail-In Provision For Systemically Important Banks in 2013 Budget

Just as DieselBOOM accidentally admitted Monday, it appears that the Cypriot bail-in is anything but a one-off event, and is in fact the new collapse template for the entire Western banking system, and not just the ECB/ Eurozone! http://maxkeiser.com/2013/03/28/canada-includes-depositor-haircut-bail-in-provision-for-systemically-important-banks-in-2013-budget/


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This is How a Country Ends: Not With a Bang, But a Bailout

Curious how in the New Normal a nation is brought to its untimely end without a single shot being fired? Dimos Dimosthenous, who has worked at the Bank of Cyprus for over 30 years, explains: “That will be the end. Our jobs, our rights, our welfare funds will be lost and Cyprus will be destroyed.” In short: not with a bang, but a bailout. http://www.zerohedge.com/news/2013-03-26/how-country-ends-not-bang-bailout


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The Financial System is Collapsing Before Our Eyes

You cannot prop-up banks just by pumping in new money, and after there is none left, then go to the people and call it austerity measures. Then take all of their money and give it to the banks, and when that fails, there is nothing left. Right now we are almost to the point of nothing left. Cyprus is the one that everyone should look at. We believe it’s a test case. So with Greece already down, Spain out, Italy on the edge, and Portugal gone, Ireland barely floating, to us Cyprus was the test case to see what they can do to steal the money from the people one more time. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/22_Celente_-_The_Financial_System_Is_Collapsing_Before_Our_Eyes.html


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putnamvt

Good, because maybe when Joe Kwan's stomach starts growling, he will develop a sudden interest in The Problem.

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Why The Banking System Would Make Lenin Proud

Socialism is not crafted solely on the backs of standing human or robotic armies, police, and bureaucracy. The modern state must also possess an apparatus of big banks, as Lenin wrote at the onset of the Bolshevik Revolution, for it is banks which perform most accounting and financial recording. In socialism, banks must be expanded, made more comprehensive and, in our globalized age, reach worldwide. http://www.alt-market.com/articles/1402-why-the-banking-system-would-make-lenin-proud


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The Cyprus Great Bank Robbery

When does banksters’ extortion become outright theft? The latest example and escalation by the placing a levy fee on bank deposits in the tax haven of Cyprus illustrates the bold step of seizing private liquid saving accounts, under the guise of a government tax. The prospects of an all out run on the banking system have jumped tenfold. Essentially, a government is using the power of the state, to steal funds not because of the bankruptcy of a banking institution, but because of a failure of the entire EU financial system. http://www.batr.org/negotium/032013.html


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The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund and No Stock Portfolio is Safe

Up until now, most people assumed that private bank accounts were untouchable and that deposit insurance actually meant something. Now we see that there is no pile of money that is considered “off limits” by the global elite and deposit insurance means absolutely nothing. The number one thing that any financial system depends on is faith. If people do not have faith in the safety and stability of a financial system, it will not work. Well, the people that rule the world have just taken a sledgehammer to the trust that we all had in the global financial system. http://theeconomiccollapseblog.com/archives/the-great-cyprus-bank-robbery-shows-that-no-bank-account-no-retirement-fund-and-no-stock-portfolio-is-safe


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Cyprus Americana: Humanity vs. the Banksters

The Banksters in the EU have announced that they intend to steal cash from the savings accounts of the people in Cyprus, and give that cash to the criminal banks! This is an overt, malevolent act of total evil. It cannot stand. It is the epitome of everything we’ve been warning about for years. This is the proof that the real world war is the one of the Banksters VS Humanity. The question now is, who’s next? http://www.silverdoctors.com/cyprus-americana-humanity-vs-the-banksters/


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Making Venezuela Safe for the Banksters

Hugo Chavez died yesterday from cancer

Now that Hugo Chávez is out of the way in Venezuela, the banksters are free to move forward with the effort to loot and pillage the oil-rich nation. Chávez’s idealistic political ideology of Bolivarianism and “socialism of the 21st century” stalled the effort for a number of years, but his death from the ravages of cancer will permit a more compliant leader to be appointed Wall Street overlords. http://www.infowars.com/making-venezuela-safe-for-the-bankers/


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putnamvt

Sure can't rule it out.

LabMan

Was Chavez "Arafated",a little Polonium-210 goes a long way!

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It’s Always the Best Time to Buy

The negative equity position of millions of homeowners gets at the gist of the effort to re-inflate the housing bubble. By artificially pumping up home prices, the Wall Street titans and their co-conspirators at the Federal Reserve and Treasury Department are attempting to repair insolvent Wall Street bank balance sheets, lure unsuspecting dupes back into the housing market, reignite the economy through the old stand-by wealth effect, and of course enrich themselves and their crony capitalist friends. The artificial suppression of home inventory has been working wonders, as 2 million homeowners were freed from negative equity in 2012. If they can only lure enough suckers back into the pool, all will be well. Phoenix must have an inordinate number of chumps with home prices rising by 22.5% in 2012 as investors and flippers poured into the market with cheap debt and big dreams. Of course everything is relative, as prices are still down 44% from the peak and 40% of mortgages remain underwater. http://www.theburningplatform.com/?p=49703


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Adrift at Sea

The similarities between the horrific voyage of the Carnival Triumph and the tragic voyage of the dysfunctional ship of state we call America are many. We have a ruling class consisting of the President, Congress, Judiciary, Central bankers, Media titans, and goliath corporation CEOs who care not for the citizens of this country. You are ignorant peasants in their eyes. They only care about maintaining and expanding their wealth, control and power through the complete capture of our financial markets, political system and media propaganda to the masses. The health and welfare of the peasants isn’t even on their radar screen. The ruling class steering this ship of fools have no interest in the truth or the best long –term interests of the country. The vast majority of the passengers on this impaired listing ship prefers to believe the propaganda and lies spewed by the captain and his minions. They prefer the illusion of safety and security to the truth about the real condition of this ship. When the engines of this ship come to a grinding halt, their illusions will be shattered. Big government will come up small when it counts. The government propaganda and public relations will be revealed as nothing but hot putrid air and fecal matter. http://www.zerohedge.com/news/2013-02-18/guest-post-adrift-sea


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Prospect of Prison Looms For Jesse Jackson Jr.

The prospect of prison looms over former U.S. Rep. Jesse Jackson Jr. and his wife after they agreed to plead guilty to charges in an alleged scheme to spend $750,000 in campaign funds on personal items — including furs, a gold watch, a football signed by U.S. presidents and even a hat once owned by Michael Jackson. http://entertainment.verizon.com/news/read.php?rip_id=%3CDA4FJNGG2%40news.ap.org%3E&ps=1018#.UR-JSIaAZRQ.email


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Low Interest Rates Impoverish Savers

The besieged consumer gets another whammy from a banking system that thrives on charging usurious fees, while paying you near zero on your saving accounts. With the execution of the Bernanke rescue strategy, the prospects of personal or consumer loans are virtually non-existent. In Helicopter Ben speak; “maintaining monetary accommodation” just does not filter down to the common man. http://www.batr.org/negotium/020613.html


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The Fraud That Begets All Others

In 1913, Congressman Charles Lindbergh said: “When the President signs this bill; the invisible government by the Monetary Power will be legalized…The greatest crime of the ages is perpetrated by this banking and currency bill…The day of reckoning is only a few years removed.” Prophetic words. The establishment of the Federal Reserve Bank in 1913 set off a chain of baneful events that blighted the 20th century and darkens our prospects for the 21st. It began with World War One and the Great Depression, and continues with the WTC and the war on Afghanistan and Iraq. http://www.henrymakow.com/310702.html


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37 Statistics Which Show How Four Years of Obama Have Wrecked the U.S. Economy

The truth is that the first four years of Obama were an absolute train wreck for the U.S. economy. Over the past four years, the percentage of working age Americans with a job has fallen, median household income has declined by more than $4000, poverty in the U.S. has absolutely exploded and our national debt has ballooned to ridiculous proportions. Of course all of the blame for the nightmarish performance of the economy should not go to Obama alone. Certainly much of what we are experiencing today is the direct result of decades of very foolish decisions by Congress and previous presidential administrations. And of course the Federal Reserve has more influence over the economy than anyone else does. But Barack Obama steadfastly refuses to criticize anything that the Federal Reserve has done and he even nominated Ben Bernanke for another term as Fed Chairman despite his horrific track record of failure, so at a minimum Barack Obama must be considered to be complicit in the Fed’s very foolish policies. http://theeconomiccollapseblog.com/archives/37-statistics-which-show-how-four-years-of-obama-have-wrecked-the-u-s-economy


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The State-Owned Bank of North Dakota

Fiscal conservatives often are blind when it comes to alternatives to the “so called” commercial banking system. Many conventional Republicans are ignorant or simply carrying the water for the crony capitalist banking establishment. The fractional reserve banking monopoly that operates under the auspices of the privately owned Federal Reserve System, despises any trace of competition. The bondage from debt created money has doomed Main Street to the fate of contrite beggars in search of securing loans. Useful purposes for business financing are not sufficient reason for the qualifying for commercial credit. http://www.batr.org/negotium/012313.html


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Red Beard

What's funny is there is a lot of hand ringing in ND over the continued existence of the bank. Plenty of "It's communist!" type thinking, often fueled by private banks. I'm sure the private bankers would love nothing more than to see it put out to pasture.

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America Meet Your New Slumlord: Wall Street

Well they aren’t really your “new” slumlord in the sense you have been debt slaves to the financials system for decades. What I really mean is that it is now becoming overt and literal. Literal because financiers are now the main players in the real estate market and are buying all the homes ordinary citizens were kicked out of over the past few years. Yep, we bailed out the financial system so that financiers with access to cheap credit can buy up all of America’s real estate so that they can then rent it back to you later. http://www.zerohedge.com/news/2013-01-09/guest-post-america-meet-your-new-slumlord-wall-street


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Bill Gross: Fed Claims To Own Billions in Fort Knox Gold; ‘With Nothing in the Vault To Back It Up – Amazing!’

Fort Knox

Bill Gross, founder of Pimco, the world’s largest bond fund with over $1.92 trillion under management, penned a new piece entitled, “Money for Nothin’ Writing Checks for Free.” In his editorial, he called attention to the near $10 trillion explosion in global central bank money issuance since 2006, and the impending doom historically associated with a “money for nothing” monetary policy. His conclusion: The whole charade will soon hit a brick wall. http://lewrockwell.com/rep4/bill-gross-fort-knox.html


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Revolution vs. ‘Turboparalysis’ — The Real New Normal

Why has a global calamity produced so little political change and, at the same time, so little rethinking? Part of the answer, I think, has to do with the collapse of the two-way transmission belt that linked the public to the political elite. But there is a deeper, structural reason for the persistence of turboparalysis. And that has to do with the power and wealth that incumbent elites accumulated during the decades of the global bubble economy. http://www.zerohedge.com/news/2013-01-07/revolution-vs-turboparalysis-real-new-normal


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Fiscal Cliff Over, Now the Attack on the People Begins

Budget debates are how government sets its priorities and the fiscal cliff package shows were h government’s priorities are: low taxes on the wealthy and corporations, giveaways to business and take-aways from the American people. People can expect much worse in the months to come unless they get organized and mobilize against austerity in a big way. Elected officials will need to be scared by the public in a big way to stop the bi-partisan assault on the people. http://www.globalresearch.ca/fiscal-cliff-over-now-the-attack-on-the-people-begins/5317610


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Secrets and Lies of the Bailout

The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come. http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104


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The Global Elite Are Hiding 18 Trillion Dollars in Offshore Banks

According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland. That is a staggering amount of money. Keep in mind that U.S. GDP in 2010 was only 14.58 trillion dollars. http://www.globalresearch.ca/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-banks/5317691


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Long History of HSBC Money Laundering

If there was any lingering doubt about the supremacy of the internationalist banker over the canons of law, the latest HSBC exemption from criminal charges proves that the real masters of the planet are the criminal banksters. If this settlement was an abnormality and not the rule, one might argue the expediency for pragmatism, while deployable, is necessary. Unfortunately, for the financial elites, the facts tell a very different story. http://www.batr.org/negotium/121912.html


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The Coming Derivatives Panic That Will Destroy Global Financial Markets

When financial markets in the United States crash, so does the U.S. economy. Just remember what happened back in 2008. The financial markets crashed, the credit markets froze up, and suddenly the economy went into cardiac arrest. Well, there are very few things that could cause the financial markets to crash harder or farther than a derivatives panic. Sadly, most Americans don’t even understand what derivatives are. http://theeconomiccollapseblog.com/archives/the-coming-derivatives-panic-that-will-destroy-global-financial-markets


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Ten Numbers the Rich Would Like Fudged

The numbers reveal the deadening effects of inequality in our country, and confirm that tax avoidance, rather than a lack of middle-class initiative, is the cause. http://www.nationofchange.org/ten-numbers-rich-would-fudged-1353335225


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Our Collapsing Economy and Currency

Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used. http://www.paulcraigroberts.org/2012/12/01/our-collapsing-economy-and-currency/


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34 Signs That America is in Decline

Many Americans like to think that the United States is greater today than it has ever been before, but the truth is that America is like a patient that has stage 4 cancer that has spread to almost every area of the body. Our nation is being destroyed in thousands of different ways, and more distressing news emerges with each passing day. http://theeconomiccollapseblog.com/archives/34-signs-that-america-is-in-decline


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Economic Totalitarianism and the Fiscal Cliff

Daley correctly compares what is now emerging in the West to what brought down the Soviet Union. She writes that the West will increasingly use “the social and political structures that the East employed. As the fixed pot of national wealth loses ever more value, and resources shrink, the measures to enforce ‘fair’ distribution must become more totalitarian: there will have to be confiscatory taxation on assets and property, collectivization of the production of goods, and directed labor.” It will be the “logical conclusion of what will seem like enlightened social policy in a zero-growth society where hardship will need to be minimized by rigorously enforced equality,” a false equality Democrats have enthusiastically demonstrated they are more than ready to impose. I’d add to her analysis my own observation. If the so-called right is correct and Obama is indeed a socialist, he is a socialist designed by the banksters and the ruling elite. Despite inane cheering on the so-called left side of the rigged political spectrum, “taxing the rich” (the producers) will not be imposed in the name of social justice or as a valiant attempt to buttress the social safety net – it will be a continuation and expansion of predatory looting of wealth by the elite and just as importantly a method of social and political control of the masses. http://www.infowars.com/economic-totalitarianism-and-the-fiscal-cliff/


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Is It Fair to Tax the Rich Out of Business?

The way to unlock the capital to expand the economy is to require commercial banks to conduct their function as lenders. Restoring that elusive fairness has never been more obvious then reenacting Glass–Steagall. However, the Wall Street Wizards hide behind the curtain of special tax treatment. Differentiate capital gains taxation much like the separation of investment and commercial banking. http://www.batr.org/negotium/112812.html


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Anti-Dematerializationtarianism

It was Tuesday, October 30 when Hurricane Sandy pounded New York City. Sixteen days later, the folks who store all your stocks and bonds, (the ones in your Fidelity retirement account that the talking baby at E-Trade and the trustworthy TV actor Sam Waterston of TDAmeritrade convinced you to hand over in street name to your broker) announced that they are in the “initial phases of recovery.” Combine your stocks with all the other forms of paper money (except actual paper money) that is kept on file by the Federal Reserve and all the banks combined and you have $36.5 trillion in washed up paper securities that you can only visualize as being sucked up by one of those giant vacuums that deep sea diving treasure hunters use to sort the gold dubloons from the sand on the bottom of the ocean. Here’s what it took sixteen days to hear from the DTCC. http://tradewithdave.com/?p=13436


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50,000 Zombie Firms to Fail if Rates Rise

There are almost 150,000 zombie firms in the UK – businesses that are fundamentally broken, and only still alive because ultra-low interest rates are holding down their debt repayments. But while some firms may be able to restructure their debts and business processes to thrive in the long run, up to 50,000 are deemed “beyond hope” by the IfT, as they can barely pay interest on their debts, let alone repay the capital. http://www.cityam.com/latest-news/50000-zombie-firms-fail-if-rates-rise#.UKIUBjml_nA.twitter


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Danger Ahead: The Oligarchs Don’t Understand That Economic Collapse Happens When They Get All the Money

Let’s face it, if your opponent in Monopoly scoops up Boardwalk, Park Place, North Carolina Avenue, Pacific Avenue, both utilities, and the four railroads – that’s game over. The other players, all of whom have been relegated to mere consumers instead of property owners, will slowly go bankrupt having to pay higher and higher costs for rent and services, utilities, and transportation. Eventually, one player has all the money and the losers have to clean up the board game and put it away. http://www.alternet.org/economy/danger-ahead-oligarchs-dont-understand-economic-collapse-happens-when-they-get-all-money


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No Undue Fallout from Money Printing

John Williams, president of the San Francisco Fed, yet another noted dove, thinks nothing can go wrong by printing gobs of money. There is no inflation, and there never will be. They have the ‘tools’ to avert it. Never mind the explosion of the money supply over the past four years – it is all good. Have no fear though, as Williams notes: “Once it comes time to exit its super-easy monetary policy, the Fed will target a ‘soft landing,’” The hubris of these guys is jaw-dropping. We are struck by the continued refusal by Fed officials to even think for a second about the long range effects of their policies. In the meantime, money printing continues to undermine the economy. Wealth cannot be generated by increasing the money supply – all that can be achieved by this is an ephemeral improvement in the ‘data’ even while scarce capital continues to be malinvested and consumed. http://www.zerohedge.com/news/2012-11-07/guest-post-no-undue-fallout-money-printing


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The Coming Age of Austerity

“Are the good times really over for good?” asked Merle Haggard in his 1982 lament. Then, the good times weren’t over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of our lives. Yet whoever wins today, it is hard to be sanguine about the future. The demographic and economic realities do not permit it. http://www.humanevents.com/2012/11/06/buchanan-the-coming-age-of-austerity/


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The Financial Super-Storm of 2013

The destructive whirlwind that hits New York in 2013 will be a financial Frankenstorm. Four years of glorious central-planning “extend and pretend” have enriched the political and financial Aristocracies, and imbued them with a bubble-era hubris that they have indeed gotten away with murder: the $6 trillion the Federal government borrowed over the past four years, the Fed’s $2 trillion in fresh cash, the Fed’s $16 trillion bailout of the banking sector and various perception management manipulations have righted the storm-tossed ship. All those with power in 2008 remain in power and all those with outsized wealth in 2008 still hold their outsized wealth. The global tsunami of borrowed and printed money lifted the water-logged dinghies of the debt-serfs enough to give them hope of better times; meanwhile, their adjusted income has declined 8%: they are poorer while the neofeudal Aristocracy is much wealthier: same as it ever was, right? Except the financial tides and winds have shifted, and the linearity of central planning is about to be disrupted by nonlinear, positive-feedback storms. Let’s list a few of the major storms brewing. http://www.zerohedge.com/news/2012-10-31/guest-post-financial-super-storm-2013


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Gigantic Central Bank Gold Rehypothecation Scandal Beginning to Break

A nasty Golden Harp could soon have its cords plucked, with the resonance working to shake loose the bankster cover of improper illicit duplicitous and probably highly illegal usage of Allocated Gold Accounts. When diverse scattered accounts are pilfered and depleted without authorization in Switzerland, resulting in several multi-$billion class action lawsuits in Zurich, all kept dutifully out of the news, that is one thing. But when a few key official government gold accounts are ransacked in systematic fashion from established trusted locations, defying and betraying the trust of the German Govt and other national governments, that is quite another. To be sure, the system can tolerate ransacking and replacing with scurried harried efforts the Venezuelan gold account like in 2011. The media told the story with creativity and aplomb, avoiding the truth, inventing a tale, but finding a credible pile of dung to feed the public, which swallowed it whole. The global monetary war has been raging for four years, ever since the Lehman Brothers firm was targeted and destroyed with planning and motivated execution, for the benefit of Goldman Sachs full CDS redemptions and exploit by JPMorgan in war chest reload under cover of bankruptcy court orders. The media prefers regularly to refer to the global financial crisis incorrectly and improperly. A crisis passes after a year or so. This war lingers like WWI and WW2 and Vietnam, with a clear emerging agenda to defend the USDollar regime from global isolation shun, to conceal the USTreasury Bond support mechanisms in derivatives, to avoid the US banking system from grotesque insolvency but kept afloat by grand money laundering channels, and to motivate an endless war to secure resource thefts and control that center on oil fields and the poppy fields. Witness the slow gradual inexorable collapse of the global monetary and financial system. http://www.silverdoctors.com/jim-willie-central-bank-gold-rehypothecation-scandal-to-take-gold-to-5000oz/


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Your Money Isn’t Safe in Any U.S. Financial Institution

The largest 25 banks in the United States have total deposits of $8.3 trillion. Not only does that sum exceed the amount of money on hand for the FDIC by many times, it also doesn’t include the enormous portfolios of derivatives these banks hold. And U.S. courts have now ruled that creditors of U.S. financial institutions, which surely include counterparties holding the opposite side of these derivative contracts, have the right to collect ahead of any obligation of financial institution to its customers. The “gross notional value” of those derivatives for these 25 banks comes to an almost unbelievable $249 trillion. http://lewrockwell.com/nestmann/nestmann46.1.html


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‘Inside Job : The U.S. is a Kleptocracy

A 2010 Oscar-winning documentary on the “credit crisis” shows how the banking industry preys on Americans like wolves prey on sheep. They have placed their errand boys in the White House and there is nothing to stop them. http://www.henrymakow.com/inside-job-incorrigible-corruption.html


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How Neo-Liberals Perverted Capitalism

The version of capitalism that is prevalent in the world today is globalized, oligopolistic, crony and blind to its own crisis of legitimacy. As a consequence, a ‘winner takes all’ or ‘feral’ version of capitalism became the accepted norm. In this version of capitalism, which the historian Eric Hobsbawm has described as “a pathological degeneration of the Adam Smith line”, companies became so focused on short-term profit maximisation that social responsibility and civilised values — including caring for customers, caring for their staff and caring the environment — were jettisoned. Once this sort of capitalism takes root, a race to the bottom generally ensues. http://www.ianfraser.org/the-pathological-degeneration-of-adam-smith/


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Let’s Talk About Facts, Not Fear

It’s not just debt burdens that are problematic. ‘Rich’ countries in the West are also rapidly debasing their currencies, spawning tomes of regulatory impediments, restricting the freedoms of their citizens, aggressively expanding the powers of the state, and engaging in absurd military folly from Libya to the South China Sea. Once again, this is not the first time history has seen such conditions. In our own lifetimes, we’ve seen the collapse of the Soviet Empire, the tragi-comical hyperinflation in Zimbabwe, and the unraveling of Argentina’s millennial crisis. Plus we can study what happened when empires from the past collapsed. The conditions are nearly identical. Is our civilization so different that we are immune to the consequences? http://www.zerohedge.com/news/2012-10-15/guest-post-lets-talk-about-facts-not-fear


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Wall Street’s Next Profit Scheme — Buying Up Every Piece of Your Home Town

Cities are defaulting from California to Alabama. They cannot reverse course and restore taxes on property owners without causing more mortgage defaults and abandonments. Something has to give – so cities are scaling back public spending, downsizing their school systems and police forces, and selling off their assets to pay bondholders. This has become the main cause of America’s rising unemployment, helping drive down consumer demand in a Keynesian nightmare. Less obvious are the devastating cuts occurring in health care, job training and other services, while tuition rates for public colleges and “participation fees” at high schools are soaring. School systems are crumbling like our roads as teachers are jettisoned on a scale not seen since the Great Depression. Yet Wall Street strategists view this state and local budget squeeze as a godsend. http://www.alternet.org/economy/wall-sts-next-profit-scheme-buying-every-piece-your-home-town


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Here Comes a New Wave of Market Manipulation

Bernanke is attempting to manipulate asset prices by trying to force capital into certain asset classes such as equities and housing to re-inflate both of these bubbles. Bernanke does NOT want people to save, and he does not want American’s to own precious metals, as evidenced by his response to Ron Paul last year in which he claimed gold is no longer money, even though the Central Banks are hoarding gold and silver in an environment where they are printing epic amounts of fiat currency. http://www.silverdoctors.com/here-comes-a-new-wave-of-market-manipulation/


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QE For the People — What Else Could We Buy With $29 Trillion?

Central banks could be helping communities instead of enriching predatory, parasitic “too big to fail” banks and financial feudalism. In a system that depends on lies and the credulity of the citizenry, the greatest lie is that the Federal Reserve’s “quantitative easing” bailouts of the banks somehow help our citizens and communities. To clarify this, ask yourself this question: what else could we have bought with the $29 trillion the Fed loaned or backstopped to the banks? http://www.zerohedge.com/news/2012-09-24/guest-post-qe-people-what-else-could-we-buy-29-trillion


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10 Shocking Quotes About What QE3 is Going to do to America

Ready or not, QE3 is here, and the long-term effects of this reckless money printing by the Federal Reserve are going to be absolutely nightmarish. The Federal Reserve is hoping that buying $40 billion worth of mortgage-backed securities per month will spur more lending and more economic activity. But that didn’t happen with either QE1 or QE2. http://endoftheamericandream.com/archives/10-shocking-quotes-about-what-qe3-is-going-to-do-to-america


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Goetz von Berlichingen

Here's another angle for you to think about. Suppose you have your house paid off, so all you have to pay is insurance and property taxes. What happens when what you have left in retirement accounts can't keep up with property tax increases? Municipalities will have to raise property tax rates to keep up with expenses due to devalued currency. When your dad dies, you can always have your mother move in with you, but what happens when two generations of Americans are out on the streets?

308Winchester

Nobody should be sitting around with their life savings in dollars. That nest egg should be in gold, guns, and ammo. Most of these items should be buried deep on a remote piece of state-owned land. Buried deep. They will be coming for them.

LabMan

The only way out of this mess is to be 90 years old!,imagine the future for our kids and grandkids!

Goetz von Berlichingen

The problem with liquidating debt via inflation is that anyone who has any money saved is screwed. Do you have a retirement plan of any sort? Color it gone. The feds would never be able to nationalize IRAs, 410(k)s and other private or company pension plans, because even under Eminent Domain law, they'd have to pay fair market value for what they took. If they took someone's $200,000 pension, they'd have to pay that person the whole $200,000. On the other hand, if the Federal Reserve Bank can inflate the currency enough, some of our savings will eventually be worthless. Pension plans will be the last to go completely belly-up, as these funds tend to be invested in things with genuine value, like company stocks. Leaving pension plans out of the picture, someone who is responsible, has some money saved and has no personal debt is being punished in this case. Perhaps that is the point; we know who's side the current White House occupant is on, and his favorite people all spend more than they earn, and on depreciating assets, like spinner wheel rims and hair extensions.

308Winchester

"We are trying to liquidate our debt through inflation." Dr. Paul is right as far as he goes. The current national debt (13 trillion) CAN be inflated away. Redeem outstanding T-Bonds as they mature with freshly printed money (FPM). Then drop the pretense and quit selling bonds which only the Fed will buy anyway--just pay debts beyond tax revenue with FPM. This invites hyperinflation, of course, while doing nothing for the bigger problem of 225 trillion in unfunded liabilities (as Gary North recently explained). Those future liabilities will rise with inflation. What they will do is default. Social security, Medicare, Medicaid, federal pensions, etc. will all be frozen at current levels. Then they can be reduced to the vanishing point by inflation without endangering the Zio-wars or transfers of any residual wealth to the Zio-bankers. But the submissive, compliant, ignorant slaves may finally see that the government is their enemy, not their friend. Thus the sprinting (not creeping) totalitarianism, the FEMA camps, the militarization of the cops, and those billions of rounds of hollow-point "citizen-killer" ammo.

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Bernanke Advocates Blowing Asset Bubbles as the Antidote to Depression

If there was one absolutely must see moment exposing everything that is broken with the Fed’s brand new policy of QE-nfinity, it was this exchange between Reuters’ Pedro da Costa and the Chairman. It explains, beyond a reasonable doubt, that the only goal the Fed now has is to reflate the stock market bubble to previously unseen levels, to focus on generating jobs although not for everyone but only for Wall Street, consequences be damned, because by the time the consequences arrive, and they will (just recall that subprime is contained) they will be some other Fed chairman’s problem. Bernake’s term mercifully runs out in January 2014. http://blog.alexanderhiggins.com/2012/09/14/bernanke-advocates-blowing-asset-bubbles-antidote-depression-184361/


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Jackals of Jekyll Island — Federal Reserve Audit

The supreme illicit fraud of central banking embodied in the Federal Reserve, acts as a private piggybank for favored cartel thieves. The liquidity of unlimited credit transfers to banksters, especially at zero interest, financed by unimaginable new Treasury Bonds, indebting the American public; is a crime committed by outlaws. The significance of the evidence for the extent of the crony financial manipulations, that the controllers of international capital use to maintain their power strangle hold on humanity, needs to be fully exposed. Only when the beleaguered and downtrodden become sufficiently indignant to usury incarceration, will heads start to roll. http://www.batr.org/negotium/091212.html


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Cui Bono Fed: Who Benefits from the Federal Reserve?

Any healthy political and financial system would have broken the fraud-based system and dismantled the failed banks en masse in an orderly fashion. One institution stopped this from happening: the Federal Reserve. Instead of allowing a failed system to collapse and establish a new one based on prudent lending, market-set interest rates, competitive banks and transparent regulatory structure, instead we have a failed system that has become even more politically powerful even as its Fed-backed excesses have increased systemic fragility. http://www.zerohedge.com/news/guest-post-cui-bono-fed-who-benefits-federal-reserve


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The Pauperization of America

There is a new phenomenon: a ballooning lower class. It now engulfs 32% of all adults. In America! Where lower class is the unmentionable class, the class that doesn’t exist, just like the upper class doesn’t exist, but for different reasons. http://www.testosteronepit.com/home/2012/9/11/the-pauperization-of-america.html


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LabMan

Time for the U.S.to play it's part in global enslavement.

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Junkie Recovery

As I see it, the West’s economic depression is being directly caused by an excessive total debt burden — just as Japan’s has been for twenty years; the bust occurred on the back of a huge outgrowth of debt and coincided with the beginning of a painful new era of deleveraging. And the central bank response has been to preserve the debt burden, thus perpetuating the problems rather than allowing them to clear in a short burst of deflationary liquidation as was the norm in the 18th and 19th centuries. http://www.zerohedge.com/news/guest-post-junkie-recovery


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Now That the Easy Stuff Has Failed, All That’s Left is the Hard Stuff

Toady politicos and their apparatchiks are squirming and twisting, trying not to visibly break impossible promises while continuing to divert billions to their their donors and insider pals. The problem is that this approach will bankrupt the nation and spark an overthrow of the Status Quo. The system has been pushed to extremes: the expectations are impossibly high, the promises are impossibly generous and the sums of money demanded by the vested interests “just to stay afloat” are stratospheric. The “run to fail” levers have all been pushed to the maximum, and it is simply too politically painful to make any real-world adjustments that might save the system from imploding. Nobody wants a crisis, yet a crisis is the only thing that can save the system from implosion. http://www.zerohedge.com/news/guest-post-now-easy-stuff-has-failed-all-thats-left-hard-stuff


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Money, Banking and Benny Shalom

The entire world banking system (Western) is functioning on life-support. Greed and debt are the responsible issues. The Jew run banking system utilizing the Fabian-Keynesian system which, began failing in 1913, a failure that has accelerated in the last four decades and is now unstoppable. We do not have the assets to bail this system out and politicians lack the courage to implement the necessary drasticreduction in government required to accomplish national solvency. The dollar and America are on a collision course to collapse and the people, ever busy with sports and beer pay all this no mind. It’s like Rome 2000 years ago we simply swapped Circus Maximus with ESPN on TV. http://www.a2zpublications.com/blog/42/Money-banking-and-Benny-Shalom


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Fed Hints at Third Round of Quantitative Easing

During his Jackson Hole speech on Thursday, Fed boss Ben Bernanke said the privately owned bankster cartel “will provide additional policy accommodation as needed” and may engage in more so-called quantitative easing. The Fed has thus far squandered more than $2 trillion in quantitative easing and despite this the economy has slipped further into depression. http://www.infowars.com/fed-hints-at-third-round-of-quantitative-easing/


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Morgan Stanley Faces Imminent Failure and Ruin

Begin with a preface to any meaningful that could change the entire US landscape, a redux of what happened four years ago. Consider the next Wall Street financial firm failure. It is in progress. It is not avoidable. It will have numerous ramifications. It will open the door to account thefts, the burial of documents, the ransack of undesired leveraged positions, the concealment of wrecked derivatives, and a path toward the merger of surviving (selected core) firms. http://www.silverdoctors.com/jim-willie-morgan-stanley-faces-imminent-failure-ruin-may-see-1st-private-stock-account-thefts/#more-12746


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The Global Demise of Pension Plans

We have been saying for a long time that anyone in the western world who’s 10-15 years away from collecting their first pension payments, shouldn’t expect to get much, if anything, when the time comes. This is because, obviously, the economy has deteriorated as much as it has. It’s also because, in essence, pensions plans are the ultimate Ponzi schemes. http://theautomaticearth.com/Finance/the-global-demise-of-pension-plans.html


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How the Banksters Rig the Game

This highlights one of the key underlying points of thinking big: if you control the banking infrastructure of a nation (or, better yet, the banking infrastructure of the majority of the globe through the BIS system), then it doesn’t fundamentally matter what government takes power or what policies they implement. As long as the fundamental basis of governance through fiat debt-based money is never questioned, the banksters will always win. http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Win_Lose_or_Draw_or_How_the_banksters_rig_the_game


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The MF Global Magical Mystery Tour

It is impossible to make up a fantasy tale that rivals the manifestations of the outlandish MF Global scandal. The evaporation of customer’s monies into an intentional off shore stash is tragic enough, but the indignity of allowing “no consequences” for a horrific crime against all investors is inexcusable. Jon S. Corzine is a fraudster that screams out for the gallows of justice. The manner of fleecing the public by Wall Street crooks has a clear distinction. Corzine walks while Madoff serves time. The original “Magical Mystery Tour” was a precursor of today’s reality TV shows. Corzine’s version is more a “House of Horrors.” http://www.batr.org/negotium/082212.html


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This is What Happens When You Allow Your Country to Become Enslaved to the Bankers

Why are Greece, Spain, Italy, Portugal and so many other countries experiencing depression-like conditions right now? It is because they have too much debt. Why do they have too much debt? It is because they allowed themselves to become enslaved to the bankers. Borrowing money from the bankers can allow a nation to have a higher standard of living in the short-term, but it always results in a lower standard of living in the long-term. http://marketdailynews.com/2012/08/20/this-is-what-happens-when-you-allow-your-country-to-become-enslaved-to-the-bankers/


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Goldman Sachs Above the Law

Goldman Sachs stays one-step ahead of a critical mass meltdown, much of its own creation. The risks taken by this firm do not end with their former partners or current shareowners. This house of cards is entrenched in the IOU pecuniary system. What visibly sets Goldman Sachs apart from the rest of Wall Street is their network of entangling influences in every corner and crack of government, media, business and the courts. No other financial organization enjoys picking financial policy makers on every level in the process. If Congress cannot get the Department of Justice to follow the law, who can honestly believe that a viable Presidential candidate can buck the Wall Street culture that controls and funds the two party facade? http://www.batr.org/negotium/081512.html


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Bankster Fraud Has Driven 100 Million Into Poverty

Fraud caused the Great Depression and the current financial crisis, and the economy will never recover until fraud is prosecuted. Fraud is the business model adopted by the giant banks. See this. The Obama administration has made it official policy not to prosecute fraud. Indeed, the “watchdogs” in D.C. are so corrupt that they are as easily bribed as a policeman in a third world banana republic. The mouthpieces in Wall Street and D.C. pretend that financial fraud (like Libor) is a “victimless crime“. But the World Bank notes that the financial crisis – you know, the one caused by financial fraud – has driven between 64 and 100 million people into destitution. Some estimate the figure to be much higher. http://globalresearch.ca/index.php?context=va&aid=32305


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The Way We Live Now

A Victorian novel about the depredations of a Jewish banker is a reminder that art used to be relevant. http://www.henrymakow.com/the_way_we_live_now.html


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A Common-Sense View of the Stock Market

Common sense leads us to the “obvious” conclusion that the U.S. stock market is a rigged skimming operation that is essentially a form of legalized, officially sanctioned fraud. Active traders and professional money managers already know how the U.S. stock market actually works, but Joe and Jane Citizen, whose pensions generally depend on the market in some way, typically do not. This entry is for them. Today’s financial markets are endlessly complex, and this complexity implicitly serves to mask the true nature of market operations. Most of this complexity can be boiled away with zero loss of understanding. Indeed, manipulating this complexity is what earns the big bucks on Wall Street, while boiling it away earns the big bucks for commentators and analysts. Thus complexity serves the financial industry extremely well. The first and most important thing to understand about the U.S. stock market is how few humans are actually involved in the decision to buy or sell large blocks of shares. Machines do most of the trading. High-frequency trading (HFT) computers buy and sell millions of shares in milliseconds. http://www.zerohedge.com/news/guest-post-common-sense-view-stock-market


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Financial Algorithmic Trading

Once all the rage was arbitrage trading. High frequency trading then became the catchphrase. Now the latest scheme to insert financial nanotech – rage against the machine – practices called algorithmic trading created an automated loss of historic proportions. The Knight Capital calamity gave rise to rogue mathematics gone amuck. What a surprise! Removing buy or sell decisions from human hands is the quickest way to destroy a company that took years to build. http://www.batr.org/negotium/080812.html


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The Central Banking Theater of the Absurd

The astounding hubris of central bankers is comical, but the consequences of their actions are playing out as needless tragedy. Central bankers present themselves as Masters of the Universe. They are, but only in their own little Theater of the Absurd. In the real world, they are as clueless as any other mortals about the unintended consequences of their actions and the speed with which the corrupted, unsustainable financial Status Quo will decay and die. http://www.zerohedge.com/news/guest-post-central-banking-theater-absurd


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Ireland’s Banksters Being Arrested and Charged

The former Chief Executive and Chairman of Anglo-Irish Bank has appeared in court in Dublin charged in connection with financial irregularities at the bank. Seán FitzPatrick was charged with 16 offenses under Section 60 of the Companies Act. http://blog.alexanderhiggins.com/2012/07/29/breaking-news-irelands-bankers-arrested-charged-154531/


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The Manufactured ‘Debt’ Crisis

The “Debt Crisis” is a charade aimed at robbing and enslaving us. The Illuminati control and exploit humanity through manufactured wars and depressions. http://www.henrymakow.com/the-manufactured-debt-crisis.html


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LabMan

It appears that the year 1913,and the "hatching" of the Federal Reserve has brought us to this point.

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The Few Banks That Own All

In the Fall of 2011, a study by Swiss scientists revealed that a small number of banks controlled a decisive stake in the globe’s economy. The idea that this banking cartel controls the economy is now a scientifically quantified matter of record. http://www.henrymakow.com/banking_cartel.html


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War Criminal Tony Blair: Don’t Hang Bankers

The fact that even Tony Blair and Nouriel Roubini are talking about hanging bankers shows that this is the last chance for the justice system – the only thing which stands between criminals on Wall Street and pitchforks – to work. http://www.zerohedge.com/contributed/2012-07-24/tony-blair-don%E2%80%99t-hang-bankers


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Global Crisis — The Convergence of Marx, Orwell and Kafka

While Marx understood the predatory, parasitic nature of Monopoly Capitalism, he did not anticipate the State’s partnering with Cartel/Crony Capitalism; in effect, the State has appropriated the appropriators, stripmining the citizenry to protect the financial sector from the consequences of their “business model” (leverage, fraud, embezzlement and the misrepresentation of risk). But the State doesn’t merely enable (“regulate”) the predation of financiers; it also stripmines the citizenry to fund its own expansion into every nook and cranny of civil society. This is where Orwell enters the convergence, for the State masks its stripmining and power grab with deliciously Orwellian misdirections such as “the People’s Party,” “democratic socialism,” and so on. Orwell understood the State’s ontological imperative is expansion, to the point where it controls every level of community, markets and society. Once the State escapes the control of the citizenry, it is free to exploit them in a parasitic predation that is the mirror-image of Monopoly capital. For what is the State but a monopoly of force, coercion, data manipulation and the regulation of private monopolies? What is the EU bureaucracy in Brussels but the perfection of a stateless State? http://www.zerohedge.com/news/guest-post-global-crisis-convergence-marx-orwell-and-kafka


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Banker Brushfires Risk Jumps

Another jump in the banker brush fire might be the revelation that the big US banks are preparing for a Paradigm Shift. The Eastern nations are well along a path to settle trade outside the USDollar. The Chinese have arranged for bilateral currency swap agreements with a gaggle of nations, mostly from the East, but also Brazil in the West. Consider such agreements to be the foundation for barter systems coming into vogue. The key is their non-US$ nature. The entire loss of global trade settlement done in the US$ terms is being elevated in importance. Some day soon, it might become the majority of trade. The tipping point could come when over 50% in trade excluding crude oil is managed outside the US$ settlement. Later, like in a year or so, maybe a bigger tipping point could come with over 50% of all trade including crude oil being managed ouside the US$ sphere. The big banks must see the trend, unless they wear blinders, unless their arrogance is so thick, or unless they are so pre-occupied with other brush fires that they leave themselves vulnerable and unprepared. http://www.silverdoctors.com/jim-willie-banker-brushfires-risk-jumps/


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Liborgate: Here Come The Arrests

For over four years, virtually everyone in the finance industry knew that Libor was manipulated. The stench of manipulation rose to the very top and thanks to a document release of formerly confidential information, we now know for a fact that even the Fed was in on it – recall that as part of production, the Fed provided a transcript of an April 2008 phone call between a Barclays trader in New York and Fed official Fabiola Ravazzolo, in which the unidentified trader said: “So, we know that we’re not posting um, an honest LIBOR.” And yet without any tangible, black on white evidence, there was no catalyst for pursuing legal action. That all changed when in a desperate attempt to protect its ass, Barclays decided to rat out everyone by settling with regulators, and “turn state” producing e-mail based evidence, most of it quite visual (after all what is more tangible to the common man that evil bankers sipping on Bollinger), which essentially threw years of quiet cartel cooperation under the bus. http://www.zerohedge.com/news/lieborgate-here-come-arrests


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Failing to Break Up the Big Banks is Destroying America

Bankers are not an exempt, protected species, unlike the rest of us. And when these people perpetrate financial crimes against the rest of us, they should be prosecuted, and thrown in jail, period, end of discussion. http://www.globalresearch.ca/index.php?context=va&aid=32006


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The Libor Scandal in Full Perspective

As villainous as they might be, Barclays bank chief executive Bob Diamond, Jamie Dimon of JP Morgan, and Lloyd Blankfein of Goldman Sachs are not the main villains. The main villains are former Treasury Secretary and Goldman Sachs chairman Robert Rubin, who pushed Congress for the repeal of the Glass-Steagall Act, and the sponsors of the Gramm-Leach-Bliley bill, which repealed the Glass-Steagall Act. Glass-Steagall was put in place in 1933 in order to prevent the kind of financial excesses that produced the current ongoing financial crisis. President Clinton’s Treasury Secretary, Robert Rubin, presented the removal of all constraints on financial chicanery as “financial modernization.” Taking restraints off of banks was part of the hubristic response to “the end of history.” Capitalism had won the struggle with socialism and communism. Vindicated capitalism no longer needed its concessions to social welfare and regulation that capitalism used in order to compete with socialism. The constraints on capitalism could now be thrown off, because markets were self-regulating as Federal Reserve chairman Alan Greenspan, among many, declared. It was financial deregulation–the repeal of Glass-Steagall, the removal of limits on debt leverage, the absence of regulation of OTC derivatives, the removal of limits on speculative positions in future markets–that caused the ongoing financial crisis. No doubt but that JP Morgan, Goldman Sachs and others were after maximum profits by hook or crook, but their opportunity came from the neoconservative triumphalism of “democratic capitalism’s” historical victory over alternative socio-politico-economic systems. http://www.paulcraigroberts.org/2012/07/19/the-libor-scandal-in-full-perspective/


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Obama’s Justice Department Rushes to the Rescue of LIBOR Criminals

The Justice Department claims to be building criminal and civil cases in the LIBOR scandal, which in sheer scope is the biggest fraud by international capital in history. But that’s all a front, a farce. Barack Obama has spent his entire presidency protecting Wall Street, starting with his rescue of George Bush’s bank bailout bill after it’s initial defeat in Congress, in the last days of Obama’s candidacy. He packed his administration with banksters, passed his own bailout and, in collaboration with the Federal Reserve, channeled at least $16 trillion dollars into the accounts of U.S. and even European banks – by far the greatest transfer of capital in the history of the world. Obama has reminded the banksters that it was he who saved them from the “pitchforks” of an outraged public. He pushed through Congress so-called financial reform legislation that left derivatives – the deadly instruments of mass financial destruction that were at the heart of the meltdown – untouched. http://www.informationclearinghouse.info/article31919.htm


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How White Collar Crime Became the ‘Business Model’ of Corporate/State America

Let’s start by identifying the different types of white collar crime (WCC). One is WCC involving individuals against companies (e.g. theft of property from a company) and the government (e.g. Medicare fraud) and the other is WCC of individuals within companies (e.g. MBS debacle) and the government (e.g. taking bribes to favor contractors) against people in our society. The latter is typically punished and prosecuted less frequently or not as severely than the former for different reasons, one of which is the bias to protect the institution and sweep things under the rug. For instance, a person is allowed to resign, but they’re not prosecuted, so that bad press doesn’t come down on the institution or the supervisors of the criminal actor. http://www.zerohedge.com/news/guest-post-how-white-collar-crime-became-business-model-corporatestate-america


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27 Things That Every American Should Know About the National Debt

Whenever I do an article about the national debt, Democrats leave comments blaming the Republicans and Republicans leave comments blaming the Democrats. Well you know what? Both parties are to blame. Both of them get a failing grade. If the Republicans really wanted to stop the federal government from running up all this debt they could have done it. If the Democrats really wanted to stop the federal government from running up all this debt they could have done it. http://lewrockwell.com/rep3/27-things-about-national-debt.html


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Jungleboots

The one thing everyone should know about debt. It can be erased tomorrow by forming a new country. If the liberals,traitors and so forth still want to cling to the defunct U.S, well that's their right, but by forming a new country a new name deciding who can be a citizen and controling our own destiny we would be no longer part of the U.S thus any debt or responsibility for their actions would be none of our concern. New Germania is what most of the people want, however they don't know it or know that it can be possible. Very possible!

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The Real Libor Scandal

The latest news completes the picture of banks and central banks manipulating interest rates in order to prop up the prices of bonds and other debt instruments. We have learned that the Fed has been aware of Libor manipulation (and thus apparently supportive of it) since 2008. Thus, the circle of complicity is closed. The motives of the Fed, Bank of England, U.S. and UK banks are aligned, their policies mutually reinforcing and beneficial. The Libor fixing is another indication of this collusion. Unless bond prices can continue to rise as new debt is issued, the era of rigged bond prices might be drawing to an end. It would seem to be only a matter of time before the bond bubble bursts. http://www.paulcraigroberts.org/2012/07/14/the-real-libor-scandal/


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LabMan

See first comment below PCR essay.

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Middle Class? Here’s What’s Destroying Your Future

According to the conventional account, the Great American Middle Class has been eroded by rising energy costs, globalization, and the declining purchasing power of the U.S. dollar in the four decades since 1973. While these trends have certainly undermined middle-class wealth and income, there are five other less politically acceptable dynamics at work. http://www.zerohedge.com/news/guest-post-middle-class-heres-whats-destroying-your-future


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Casino Capitalists Playing With Fire

With the “Robber Barons,” one could see a connection between the wealth of the Rockefellers, Harrimans, Carnegies and Henry Ford, and their contributions. Railroads were tying America together. Oil was fueling industry. America was surpassing Britain in steel production. Ford was putting the nation on wheels. When J.P. Morgan took to the floor of the New York Stock Exchange in 1907 to issue a buy order, he stopped a panic. There was perceived to be a connection between the wealth of these men and their achievements. They were helping make America the most awesome industrial nation known to man. But as scholar William Quirk writes in his essay “Saving the Big Casino,” our big banks now seem to rise and fall on profits and losses from the trading of “derivatives,” “credit default swaps” and “exotic securities” that not one man in a thousand understands. Fortunes are lost and made overnight. Names appear on the list of richest Americans no one has ever heard of. Cheating and corner-cutting are constantly being unearthed. Broker- and banker-gamblers in their 30s amass and flaunt nine-figure fortunes. Were the rest of America doing well, this might not matter. But America is not doing well. And Americans are coming to believe that a system where high-rollers rake in tens of millions playing Monopoly while workers who build things and make things never see a pay raise is rigged and wrong. http://www.wnd.com/2012/07/casino-capitalists-playing-with-fire/


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LIBOR — The Biggest Scam in History?

Bob Diamond, CEO of Barclay's Bank

The whole system is involved. All the major banks, BoE and the British Government are already implicated. But undoubtedly the FED, the ECB and and a number of Governments were at least aware of what was going on. The Banking System is One and involves all these players, including the press and the academic world. By shifting blame amongst each other they distract us from this simple truth. If they are all to blame, none are to blame. http://www.henrymakow.com/liemore_the_biggest_scam_in_hi.html


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The Nazi-fication of America? FedGov Can Surely Do What It Wants

It can surely be said that national socialist-oriented “corporatism” is the defining feature of most Western states in the 21st century. Vast enterprises underpinned by state privileges have been erected and expanded. This is especially true where the military-industrial complex is concerned. The Pentagon, for instance, has long-operated under the idea that its “suppliers” are necessary to the safety of the state and are to be protected and funded in ways that undermine any semblance of a market economy. The same can be said for a handful of large financial firms that disseminate Federal Reserve fiat money. It has come to be an accepted occurrence within the halls of power that money center banks and other “too big to fail” enterprises must be kept afloat. Seen from this view, the Supreme Court decision is a public ratification of a de facto policy. It is only helping to midwife a full-blown version of this system. http://www.infowars.com/the-nazi-fication-of-america-fedgov-can-surely-do-what-it-wants/


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putnamvt

Agree w/ Conrad & jungleboots sick of the false analogies

Jungleboots

I messed up on the last one. http://www.youtube.com/watch?v=STQS8U_Wf6M

Jungleboots

Here's a few for you to listen to. http://www.youtube.com/watch?v=zqoHZNIhLIk http://www.youtube.com/watch?v+STQS8U_Wf6M

Conrad

I only wish America could be nazi-fied.

Jungleboots

I won't actually make a comment on this, for it would be like trying to explain to a lunatic that the Easter Bunny does not exist. Why bother, but read the comments at the end of this dribble and you will be pleasently surprised so many others are waking up to the truth.

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Bank for International Settlements on Big Banks

World consumers are being pick-pocketed in the graveyard of financial ruin. Strip away the skin of a decayed corpse and what remains is the stark skeleton of a dead paper monitory system. The life-support methods used to keep the interest payments accruing, only forestall the day of reckoning. The end game for the central bankers is foreclosure on pledged guarantees. Currency swaps will become a recall of national fiat species and a replacement with a float of a new world coinage. National governments are mere public diversions from the real power behind the thrones. http://www.batr.org/negotium/062712.html


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Piggies Squeal as Illuminati Tighten Noose

There should be no such thing as “sovereign debt.” Currency (credit) is just a medium of exchange like a coupon. Governments can create as much as they need debt-free to make the economy hum. Markets will determine their value relative to other currencies. But the Illuminati bankers have created all currency in the form of a debt to them. Our society is wholly complicit in this fraud. It is not Greek or German or French or Spanish banks that are getting the bailouts. They all got the virtual “money” from the Illuminati families. The banks are just a front for these families. These families don’t need the “money” back. It was created out of thin air. This is just a mechanism for plundering what’s left. The taxpayers of these countries are being saddled with this fictional debt and becoming debt slaves. By accepting this fraud, they are enslaving themselves. The Illuminati bankers instigated 9-11 as a pretext to erect the prison walls. http://www.henrymakow.com/piggiessequalasilluminati.html


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CNBC Admits Central Bankers Rule the World

At the 3:20 mark of the video, you will hear the question “Do we all work for the Central Bankers?” Don’t be surprised to learn what the answer to that question will be. http://www.federaljack.com/?p=175715


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More Icelandic Bankers Arrested

Little Iceland is the only country with the gumption to stand up to the international bankster-gangsters who are openly looting the world. http://www.icenews.is/index.php/2011/01/20/more-icelandic-bankers-arrested/


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putnamvt

Greenland will be a warmer topic in the coming years, no pun intended.

Raymond

Great for the Icelanders. I hope the Greeks with the assistance of Golden Dawn can do the same thing and start a chain reaction in Europe at least. I have little hope the dumbed-down, moronic US population will do anything, though.

Rita Kirschner

GLOBAL ELITES THROWN OUT OF ICELAND: Iceland Dismantles Corrupt Gov™t Then Arrests All Rothschild Bankers June 18th, 2012 | Author: The Meister Since the 1900′s the vast majority of the American population has dreamed about saying “NO” to the Unconstitutional, corrupt, Rothschild/Rockefeller banking criminals, but no one has dared to do so. Why? If just half of our Nation, and the “1%”, who pay the majority of the taxes, just said NO MORE! Our Gov™t would literally change over night. Why is it so hard, for some people to understand, that by simply NOT giving your money, to large Corporations, who then send jobs, Intellectual Property, etc. offshore and promote anti-Constitutional rights… You will accomplish more, than if you used violence. In other words… RESEARCH WHERE YOU ARE SENDING EVERY SINGLE PENNY!!! Is that so hard? The truth of the matter is… No one, except the Icelanders, have to been the only culture on the planet to carry out this successfully. Not only have they been successful, at overthrowing the corrupt Gov™t, they™ve drafted a Constitution, that will stop this from happening ever again. That™s not the best part… The best part, is that they have arrested ALL Rothschild/Rockefeller banking puppets, responsible for the Country™s economic Chaos and meltdown. Pressure from Icelandic citizens™ has managed not only to bring down a government, but also begin the drafting of a new constitution (in process) and is seeking to put in jail those bankers responsible for the financial crisis in the country. As the saying goes, if you ask for things politely it is much easier to get them. This quiet revolutionary process has its origins in 2008 when the Icelandic government decided to nationalise the three largest banks, Landsbanki, Kaupthing and Glitnir, whose clients were mainly British, and North and South American. After the State took over, the official currency (krona) plummeted and the stock market suspended its activity after a 76% collapse. Iceland was becoming bankrupt and to save the situation, the International Monetary Fund (IMF) injected U.S. $ 2,100 million and the Nordic countries helped with another 2,500 million. Great little victories of ordinary people While banks and local and foreign authorities were desperately seeking economic solutions, the Icelandic people took to the streets and their persistent daily demonstrations outside parliament in Reykjavik prompted the resignation of the conservative Prime Minister Geir H. Haarde and his entire government. Citizens demanded, in addition, to convene early elections, and they succeeded. In April a coalition government was elected, formed by the Social Democratic Alliance and the Left Green Movement, headed by a new Prime Minister, Jóhanna Sigurðardóttir. Throughout 2009 the Icelandic economy continued to be in a precarious situation (at the end of the year the GDP had dropped by 7%) but, despite this, the Parliament proposed to repay the debt to Britain and the Netherlands with a payment of 3,500 million Euros, a sum to be paid every month by Icelandic families for 15 years at 5.5% interest. The move sparked anger again in the Icelanders, who returned to the streets demanding that, at least, that decision was put to a referendum. Another big small victory for the street protests: in March 2010 that vote was held and an overwhelming 93% of the population refused to repay the debt, at least with those conditions. This forced the creditors to rethink the deal and improve it, offering 3% interest and payment over 37 years. Not even that was enough. The current president, on seeing that Parliament approved the agreement by a narrow margin, decided last month not to approve it and to call on the Icelandic people to vote in a referendum so that they would have the last word. The bankers are fleeing in fear Returning to the tense situation in 2010, while the Icelanders were refusing to pay a debt incurred by financial sharks without consultation, the coalition government had launched an investigation to determine legal responsibilities for the fatal economic crisis and had already arrested several bankers and top executives closely linked to high risk operations. Interpol, meanwhile, had issued an international arrest warrant against Sigurdur Einarsson, former president of one of the banks. This situation led scared bankers and executives to leave the country en masse. In this context of crisis, an assembly was elected to draft a new constitution that would reflect the lessons learned and replace the current one, inspired by the Danish constitution. To do this, instead of calling experts and politicians, Iceland decided to appeal directly to the people, after all they have sovereign power over the law. More than 500 Icelanders presented themselves as candidates to participate in this exercise in direct democracy and write a new constitution. 25 of them, without party affiliations, including lawyers, students, journalists, farmers and trade union representatives were elected. Among other developments, this constitution will call for the protection, like no other, of freedom of information and expression in the so-called Icelandic Modern Media Initiative, in a bill that aims to make the country a safe haven for investigative journalism and freedom of information, where sources, journalists and Internet providers that host news reporting are protected. The people, for once, will decide the future of the country while bankers and politicians witness the transformation of a nation from the sidelines. Hurrah and applause for the brave people of Iceland!

Raymond

Hmm, I wonder when the NWO will declare Iceland a rogue state because they are attempting to throw off the banksters. Looks like the Amerikwan Navy will have to divert a couple aircraft carriers up there and start launching airstrikes.

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Illuminati Planning Another Financial Crash?

As the talk of sovereign debt defaults roil the markets, it appears the Illuminati bankers may cause another financial breakdown as a way to enact their New World Order. This certainly was their mantra during the 2008 crisis. The PBS Frontline Documentary “The Warning” proves the Illuminati bankers deliberately sabotaged the financial system. http://www.henrymakow.com/why_are_lessons_of_1998_mini-c.html


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Senators Grovel, Embarrass Themselves at Dimon Hearing

I was unable to watch J.P. Morgan Chase CEO Jamie Dimon’s Senate testimony live the other day, so I had to get up yesterday morning and check it out on the Banking Committee’s web site. I had an inkling, from the generally slavish news reports about the hearing that started to come out Wednesday night, that it would be a hard thing to watch. But I wasn’t prepared for just how bad it was. If not for Oregon’s Jeff Merkley, who was the only senator who understood the importance of taking the right tone with Dimon, the hearing would have been a total fiasco. Most of the rest of the senators not only supplicated before the blow-dried banker like love-struck schoolgirls or hotel bellhops, they also almost all revealed themselves to be total ignoramuses with no grasp of the material they were supposed to be investigating. http://shiftfrequency.com/matt-taibbi-senators-grovel-embarrass-themselves-at-dimon-hearing/


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Extremism Watch: Secret Obama Trade Agreement Would Allow Foreign Corporations to Avoid U.S. Laws

In order to secure a new international trade agreement with Pacific nations, the Obama administration appears willing to grant foreign corporations the power to avoid U.S. laws. This revelation came in the form of a leaked document posted online by Citizens Trade Campaign. The material came from negotiations to establish a Trans-Pacific Partnership (TPP) trade pact and its authenticity verified by Public Citizen. According to the Huffington Post, which also reviewed the document, foreign corporations operating within the U.S. could disregard certain domestic requirements and regulations by appealing to an international tribunal—that would have the power to overrule American law. http://www.blacklistednews.com/Globalization%3A_Secret_Obama_Trade_Agreement_Would_Allow_Foreign_Corporations_to_Avoid_U.S._Laws/20032/0/38/38/Y/M.html


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The Economic Collapse is Not a Single Event

Many people hype “the coming economic collapse” as if it is some kind of big summer Hollywood blockbuster. Many people out there write about it as if it is something that will happen in a single day or over a few weeks and that it will suddenly change how the entire world functions. But that is not how the financial world works. The financial world is like a game of chess – very slow and methodical. Yes, there are times when things happen very quickly (like back in 2008), but even that crisis played out over a number of months. Sadly, most Americans are not used to thinking in terms of months or years. These days, most Americans have the attention span of a goldfish and most Americans have been trained to expect instant gratification. They are simply not accustomed to being patient and to wait for things. Well, despite what you may have read, the economic collapse is not going to be a single event. http://theeconomiccollapseblog.com/archives/the-economic-collapse-is-not-a-single-event


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The Fed’s Secret Phone Menu

America’s privately owned central bank is an enchanted world, to be sure, where shadow systems do not officially exist, where blatant manipulation of the stock market is denied, and where global bankers get preferential treatment of all their needs. In this shadow system, democracy, accountability and transparency do not exist. Within the innermost ring of power, democracy is merely the necessary illusion maintained for the psychological benefit of the easily distracted debt-serfs. As long as they believe in democracy, social mobility and the supremacy of American might, they are happy to while away their time playing or watching mindless games. It’s the perfect setup for easy control. http://www.zerohedge.com/news/guest-post-feds-secret-phone-menu


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Do The Parasitic Elite Pay Any Taxes?

If we understand the difference between parasitic wealth and real value/wealth creation, we can properly align the tax structure to reality: the tax on authentic wealth creation should be low, to encourage wealth creation and the employment (broad-based wealth creation) generated by legitimate value creation. We must also understand that the Central State now protects and enables parasitic skimming as the primary function of the nation’s financial system. Thus the entire financial system is parasitic on the wealth of the nation. http://www.zerohedge.com/news/guest-post-do-parasitic-elite-pay-any-taxes


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Modern Day Fairy Tale of 3 Economic Wizards (Except It’s True)

The average non-wizard, living in the real world, with an education level beyond 2nd grade, would quickly see the ridiculousness of making money go worthless. However, at the highest political levels, there is virtually no demand for common sense, and shockingly high demand for voodoo wizardry. http://globaleconomicanalysis.blogspot.com/2012/06/modern-day-economic-fairy-tale-except.html


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putnamvt

The day is coming when they won't be taking Jew Reserve currency in the 'East."

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By Incentivizing Debt, Washington Has Guaranteed Debt-Serfdom and Stagnation

Incentivize debt, and you end up relying on debt as a sustitute for productivity and income. Increase debt, and there’s not enough income left for productive investments that might boost income. Incentivize debt via making interest tax deductible, and you create a self-reinforcing feedback of a rising share of declining income being devoted to interest payments. With demand and borrowing both suppressed by debt-serfdom, demand for housing, goods and services declines. Borrowing more to consume simply speeds the cycle of rising interest and falling net incomes. Incentivize debt and you create multiple overlapping death spirals. We are seeing the death-spirals play out in a fractal manner, from households to nations to entire regions. http://www.zerohedge.com/news/guest-post-incentivizing-debt-weve-guaranteed-debt-serfdom-and-stagnation


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