EU Draws Up Plans For Single ‘Economic Government’

See also:- EU Chief Vows To Run The Economies Of All EU Members From Brussels- Lisbon Treaty: Now EU Takes Charge Of Britain- EU President Herman Van Rompuy Announces 2009 as ‘First Year of Global Governance’- Climategate: Hacked emails include calls for ‘Earth Government’ as foundation of new world order, splitting of AmericaThe EU President [...] continue reading world news

It’s Official: America Now Enforces Capital Controls

AND NOW …. CAPITAL CONTROLS!Now that is a DICTATORSHIP!Gerald Celente - ‘The No.1 Trend Forecaster’ - is correct:- Gerald Celente: This time they will close the Banks & Wall Street (03/27/10)‘Fascism is coming to America’Actually one should flee such a country, if possible, or immediately change the government.It couldn’t have happened to a nicer [...] continue reading world news

Gerald Celente: This time they will close the Banks & Wall Street (03/27/10)

‘Fascism is coming to America’var VideoID = "11019"; var Width = 485; var Height = 307;Added: 28th Mar 10More from Gerald Celente:- Gerald Celente: ‘It’s the greatest bank robbery in world history and the banks are doing the robbing.’- Gerald Celente: ‘The Crash is Coming in 2010.’- The No.1 Trend Forecaster Gerald Celente: Financial Mafia [...] continue reading world news

US Justice Department Names JPMorgan, Lehman, UBS in Bid-Rigging Conspiracy

A Wall Street sign hangs near the New York Stock Exchange in New York, on Dec. 18, 2009. (Bloomberg) March 26 (Bloomberg) — JPMorgan Chase & Co., Lehman Brothers Holdings Inc. and UBS AG were among more than a dozen Wall Street firms involved in a conspiracy to pay below-market interest rates to U.S. state [...] continue reading world news

Obamacare: 12 Taxes Violate Obama’s Pledge Not to Increase Taxes on Households Earning Less than $250,000

See also:- Obama exempt from Obamacare- Joe Biden to Barack Obama: ‘Mr. President, This Is A Big F****** Deal’- Rep. Ron Paul: Healthcare Bill is ‘Blatantly Unconstitutional And Contrary to The Ideals of Liberty’:“38 States Are Said To Already Prepare Legal And Constitutional Challenges To This Legislation, And If The Courts Stand By Their Oaths, [...] continue reading world news

Ronald Reagan Explains Inflation

var VideoID = "10847"; var Width = 485; var Height = 307;Added: 19th Mar 10 continue reading world news

Fitch Downgrades Portugal’s Credit Rating Over Debt Concerns

The government’s tough budget went unopposed by other partiesPortugal’s credit rating has been downgraded from AA to AA- by leading credit rating agency Fitch over concerns about its high levels of debt.Earlier this month, Portugal passed an austerity budget aimed at cutting its budget deficit.The downgrade heightened concerns about the health of some of [...] continue reading world news

Multiple Ways Monsanto is Putting Normal Seeds Out of Reach

Highly recommended reading!People say if farmers don’t want problems from Monsanto, just don’t buy their GMO seeds.Not so simple.  Where are farmers supposed to get normal seed these days?  How are they supposed to avoid contamination of their fields from GM-crops?  How are they supposed to stop Monsanto detectives from trespassing or Monsanto from using [...] continue reading world news

Peter Schiff: Alan Greenspan Is A Traitor To Everything America Stands For

Alan Greenspan Has Done More Damage To Our Country Than Any Single American In US history.var VideoID = "10878"; var Width = 485; var Height = 307;Added: 21st Mar 10 continue reading world news

US: Unemployment Soars in Metropolitan Areas

WASHINGTON (Reuters) - Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.Nearly 200 metropolitan areas reported jobless rates of at least 10 percent in January, showing that unemployment problems persist at the local level.California has been especially [...] continue reading world news

US: The Fiscal Meltdown

There is no recovery!A story that is not getting nearly enough attention is the ruinous fiscal meltdown occurring in state after state, all across the country.Taxes are being raised. Draconian cuts in services are being made. Public employees are being fired. The tissue-thin national economic recovery is being undermined. And in many cases, the most [...] continue reading world news

US Government Preparing For Civil Unrest In America

Legislation to Establish Internment Camps on US Military Bases FEMA Camps Courtesy of Google Earth (Click on image to enlarge.)The Economic and Social CrisisThe financial meltdown has unleashed a latent and emergent social crisis across the United States.What is at stake is the fraudulent confiscation of lifelong savings and pension funds, the appropriation of tax [...] continue reading world news

4 Million Brits Living Abroad Plan Mass Return As Savings And Income Stripped By Plunging Pound

- Bank of England warns families to expect fall in living standards (Telegraph):Families have been warned by the Bank of England to expect an effective pay cut in the coming months because of the economic climate.And the Bank of England banksters should know what they are talking about, because with their quantitative [...] continue reading world news

China trims holdings of Treasury securities for a third straight month

WASHINGTON (AP) — China retained its spot as the biggest foreign holder of U.S. Treasury debt in January even as it trimmed its holdings for a third straight month. The string of declines underscored worries that the U.S. government could face much higher interest rates to finance soaring budget deficits.The Treasury Department said Monday that [...] continue reading world news

Timmy-Gate: Did Geithner Help Hide Lehman’s Fraud?

See also:- Dylan Ratigan & Eliot Spitzer on The Lehman Brothers ReportTimmy-Gate Takes a Turn For The Worse: Did Geithner Help Lehman Hide Accounting Tricks?Timothy Geithner at the Council on Foreign RelationsBy L. Randall WrayL. Randall Wray, Ph.D. is Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment [...] continue reading world news

Google CEO Eric Schmidt: ‘America’s Second-Rate Broadband Is Dragging Us Down’

DAVOS/SWITZERLAND - Eric Schmidt, Chairman of the Executive Committee and Chief Executive Officer, Google, USA; Co-Chair of the World Economic Forum Annual Meeting 2010 talks during the session ‘Technology for Society’ at the Annual Meeting 2010 of the World Economic Forum in Davos, Switzerland, January 29, 2010 in the Congress Centre.Power. Clean water. The [...] continue reading world news

Goldman Sachs Squeezes Hedge Funds in $110 Billion ‘Collateral Arbitrage’

Goldman Sachs Demands Collateral It Won’t Dish OutLloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., speaks during a session on day two of the World Economic Forum in Davos, on Jan. 24, 2008. Photographer: Daniel Acker/BloombergMarch 15 (Bloomberg) — Goldman Sachs Group Inc. and JPMorgan Chase & Co., two of [...] continue reading world news

China concerned about US dollar, wants reassurance

In 2009 the Fed monetized 80% of US government debt, according to PIMCO’s Bill Gross.The US has no credibility anymore.Chinese Premier Wen Jiabao makes a point at his annual press conference after the closing of the National People’s Congress held in the Great Hall of the People in Beijing, China, Sunday, March 14, 2010.(AP Photo/Ng [...] continue reading world news

Report: JPMorgan, Citigroup helped trigger Lehman collapse

See also:- Lehman bosses used accountancy gimmick to cover up debt (Times)- EXPLOSIVE: Lehman Corruption - Where Are The Cops? (Market Ticker)The implosion of Lehman Brothers was in part triggered by excessive capital demands from JP Morgan Chase and Citigroup, and in part by the manipulation of its balance [...] continue reading world news

When The Gun Is In YOUR Mouth…. (CDS / Merkel)

Related article:- JPMorgan Employee Who Invented Credit Default Swaps is One of the Key Architects of Carbon Derivatives, Which Would Be at the Very CENTER of Cap and Trade… suddenly politicians “get religion” about making damn sure it has no bullets in it:“We’re of the opinion that a quick implementation of actions in the area [...] continue reading world news

US budget deficit hits record $221bn, the largest monthly deficit in history

The US deficit in 2008 stood at $459bn(AP) WASHINGTON — The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than [...] continue reading world news

Goldman Sucks

Added: 3. März 2010More on Goldman Sachs:- Banksters Bet Greece Defaults on Debt They Helped Hide- Secret AIG Document Shows That Goldman Sachs Minted Most Toxic CDOs- Here Comes The Next Bubble: Carbon Trading- Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt- The CDS Puppetmaster Behind It All And The [...] continue reading world news

Top Foreign Exchange Manager: China will be prudent in buying gold

I would call this already a war between the US and China.The US government is creating unprecedented amounts of debt, that can ‘never be paid back’, according to Ron Paul. Of course he is correct.The Fed monetized 80% of government debt last year, according to PIMCO’s Bill Gross. The Fed created that money out of [...] continue reading world news

French President Nicolas Sarkozy: EU Must Back Greece or Jeopardize Euro

March 7 (Bloomberg) — French President Nicolas Sarkozy said the European Union must support Greece or risk destroying the euro as Prime Minister George Papandreou heads for Paris to lobby support for the debt-laden country.“If we created the euro, we cannot let a country fall that is in the eurozone,” said Sarkozy yesterday before a [...] continue reading world news

Iceland: Voters reject plan to repay Icesave debts

Icelanders celebrate ‘no’ voteVoters in Iceland have overwhelmingly rejected proposals to pay the UK and the Netherlands in the wake of collapse of the Icesave bank.With a third of results counted, 93% of voters said “No” in a referendum.Iceland’s prime minister says her government will remain in office and continue to seek a repayment [...] continue reading world news

Nobel Prize-Winning Economist Joseph Stiglitz: Federal Reserve System is Corrupt and Undermines Democracy

Joseph StiglitzJoseph Stiglitz - former head economist at the International Monetary Fund (IMF) and a nobel-prize winner - said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is “corrupt” and undermines democracy.Stiglitz said:If we [i.e. the IMF] had seen a governance structure that corresponds to our [...] continue reading world news

Germany Snubs Greek Aid Plea As Protesters Seize Finance Ministry in Athens

See also:- Greece passes new deficit cuts to avert ‘catastrophe’ (Telegraph)George Papandreou, Greece’s prime minister, pauses during a conference organized by The Economist in Athens, on Feb. 2, 2010. (Bloomberg)March 4 (Bloomberg) — Greece’s pledge to deepen planned budget-deficit cuts failed to yield an offer of assistance from Germany, Europe’s biggest economy, as protesters in [...] continue reading world news

U.S. Postal Service to shed another 30,000 jobs

NEW YORK (CNNMoney.com) — The U.S. Postal Service said on Tuesday that it would reduce its workforce by another 30,000 positions and slash overtime this year in an effort to reduce costs.Together these staffing reductions will result in cost savings equivalent to eliminating 50,000 full-time positions, according to Chief Financial Officer Joseph Corbett.Corbett said the [...] continue reading world news

German TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin

German TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world’s largest privately-owned precious metals refiner and fabricator, located in Hanau, Germany.The foundry has isolated at least one 500-gram [...] continue reading world news

Euro-Denominated Gold Hits Record High

As the euro is plunging (and dollar by implication surging) with gold yet again flat and looking like it may turn positive for the day, gold denominated in euros just hit another all time record of €827.Submitted by Tyler Durden on 03/01/2010 11:36 -0500Source: ZeroHedgeRelated information:- China to Purchase 191.3 Tons of IMF’s Gold- [...] continue reading world news

JP Morgan Chairman: California Is A Greater Risk Than Greece

Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes. Governor Arnold Schwarzenegger is desperately trying to reduce California’s $20bn deficit Photo: BLOOMBERGMr Dimon told investors at the [...] continue reading world news

Europe: Quantifying The Donors And Moochers - Without Germany, The EU Would Not Exist

With the dramatic emergence of intra-EU bickering between various “banana-eating countries” and “tax cheats”, it is easy to lose sight of the forest for the banana trees. While it is subjective to say who owes whom what, one thing that is very objective, is whose money is critical to sustaining the European Union. And here [...] continue reading world news