ECB Buying Up Greek Bonds; German Central Bankers Suspect French Intrigue

The bailout for Greece was never about helping the people. Instead it was a bailout for the banksters with taxpayer money, looting the people.And the ECB buying up Greek bonds is pure quantitative easing (=printing money=inflation=tax on monetary assets), which will not stabilize, but devalue the euro.In this case things are a little more complicated [...] continue reading world news

Fitch Downgrades Spain’s Credit Rating as Europe Battles Debt Crisis

May 29 (Bloomberg) — Spain lost its AAA credit grade at Fitch Ratings as Europe battles a debt crisis that’s prompted policy makers to forge an almost $1 trillion bailout package for the region’s weakest economies.The ratings company cut the grade one step yesterday to AA+ and assigned it a “stable” outlook, according to a [...] continue reading world news

The Elitist Takeover of Poland: IMF’s Marek Belka, Polish Ex-PM and Bilderberg Member Proposed as Polish Central Bank Head

“Give me control of a nation’s moneyand I care not who makes the laws.”- Mayer Amschel RothschildThis is a clear takeover of Poland by the elitists, following the removal of the Polish elite.Her is what investigative journalist Jane Burgermeister has to say:Marek Belka, director of the IMF’s European department, former Polish Prime Minister and [...] continue reading world news

Max Keiser: Big Banks Retroactively Allocate Losing Trades to Clients, Keep Winning Trades for Themselves

Max Keiser - journalist, former Wall Street broker and options trader, and inventor of the software which is now being used for high frequency trading - claims that the big banks retroactively allocate losing trades to their clients, and keep the winning trades for their own proprietary trading desks:Keiser Report: Goldman [...] continue reading world news

Greek Bailout: Two Secret Exit Clauses - Why Europe Is Now Cheering For Its Own Demise

See also:- Germany: Parliament Votes to Give 66 % of Annual Income Tax Revenue to The Banksters- Greek Central Bank Accused of Encouraging Naked Short Selling of Greek Bonds- ECB Resorts to ‘Nuclear Option,’ Intervenes in Bond Market to Fight Euro CrisisWhen all of Europe rushed into its rescue package two weeks ago (first half [...] continue reading world news

Renaissance 2.0: Lesson 1 - Revisiting American History - Financial Empire

- Renaissance 2.0: Lesson 2 - Revisiting Economics 101 - Debt- Renaissance 2.0: Lesson 3 - Revisiting Civics 101 - Ownership- Renaissance 2.0: Lesson 4 - The Culture of Empire- Renaissance 2.0: Lesson 5 - The Emerging Global Empire - The New World OrderAdded: 21. March 2010Lesson 1 - Revisiting American History, documents the [...] continue reading world news

US drops criminal probe of AIG executives

Totally absurd!The logo of American International Group Inc. (AIG) on the outside of their corporate headquarters in New York (Reuters)NEW YORK (Reuters) - The U.S. Justice Department has dropped a probe of American International Group Inc executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge [...] continue reading world news

Billionaire Thomas Kaplan Goes All-In on Gold

Tigris Financial’s Thomas Kaplan, in his New York office this past week, on his investment focus: ‘I feel the only asset I have confidence in is gold.’Gold is setting records again, boosting the holdings of central banks, Armageddon worrywarts, and ordinary people who own gold bars, coins and jewelry.But few individuals stand to benefit as [...] continue reading world news

Cap and Trade Is a Gigantic Scam

As I pointed out in December:James Hansen - the world’s leading climate scientist fighting against global warming - told Amy Goodman this morning that cap and trade not only won’t reduce emissions, it may actually increase them:The problem is that the emissions just go someplace else. That’s what happened after Kyoto, and that’s what [...] continue reading world news

House Committee on Homeland Security Seeks Cooperation from Max Keiser on Financial Terrorism

Can’t make this up! Here is an email from a member of the House Committee on Homeland Security to Max Keiser regarding Financial Terrorism. Both the email and Max Keiser’s response had me laughing my head off.Hi Mr. Keiser,My name is Chris Beck and I work on the staff of the House Committee on Homeland [...] continue reading world news

Germany: Parliament Votes to Give 66 % of Annual Income Tax Revenue to The Banksters

Here is what Wolfgang Schäuble had to say:- German Lawmakers Approve Share of $1 Trillion Bailout (Bloomberg):“Every other alternative is much worse and much more dangerous, so we have to do this,” Finance Minister Wolfgang Schaeuble told the lower house, or Bundestag, in Berlin before the vote. “We’re not doing this for others, we’re doing [...] continue reading world news

Asian Stock Markets Drop Sharply After Big Fall in US; Ameritrade clients locked out for 80 minutes

The Dow Jones slumped 3.6 per cent, as every stock on the blue chip index fell (AFP)- Asian Stocks Drop Sharply After Big Fall in US (New York Times):Stock markets in Asia fell sharply in early trading on Friday after continuing declines on Wall Street and in Europe.Fears that the fragile economic recovery in the [...] continue reading world news

Greek Central Bank Accused of Encouraging Naked Short Selling of Greek Bonds

And remember that the biggest Greek CDS speculator has been the state-controlled Hellenic Post Bank with help from (Yes, you are right!) Goldman Sachs:- State-controlled Hellenic Post Bank (TT) bet against Greece (Kathimerini)- Fragwürdige Finanzgeschäfte Griechen wetten auf eigene Pleite (Sueddeutsche Zeitung) The state-controlled Hellenic Post Bank was betting on Greece going bankrupt!And now…The Greek [...] continue reading world news

Meltup (Documentary): The Beginning Of A US Currency Crisis And Hyperinflation.

Added: 13. Mai 2010 continue reading world news

Insights From An Ex-Wall Street CEO On Market Manipulation

“I cannot come up with any explanation for market activity for last 15 months other than treasury intervention. Probability of other explanation is nonexistent.”I am Ex CEO of mid sized Wall Street Firm. Known for equity research; reasonably good trading; acceptable Investment Banking. Now retiredEquity Block Trader early in career. May have traded more 1,000,000 [...] continue reading world news

God It’s Great To Be A Banker: None of the big 4 Wall Street banks had a single day in Q1 in which they lost money trading

The latest quarterly reports from the big Wall Street banks revealed a startling fact: None of the big four banks had a single day in the quarter in which they lost money trading.For the 63 straight trading days in Q1, in other words, Goldman Sachs (GS), JP Morgan (JPM), Bank of America (BAC), and Citigroup [...] continue reading world news

IMF: US faces one of biggest budget crunches in world

“… under the Obama administration’s current fiscal plans, the national debt in the US (on a gross basis) will climb to above 100pc of GDP by 2015 - a far steeper increase than almost any other country.”Obama is a perfect puppet President for the elite criminals, that want to destroy the dollar, bankrupt America and [...] continue reading world news

Why The Elite Hates Gold: There Has Been No Recovery In The S&P 500 When It Is Deflated By Gold

Gold (and silver) is the real money of the elite. The elite really loves gold, everything else is worthless paper to them.The elite only ‘fears’ and ‘hates’ gold because it shows that all those statements on recovery, green shoots, stimulus packages etc. made by their elite puppets (like Obama, Biden, Bernanke, Clinton, Brown, Darling, King, [...] continue reading world news

California Now One Of The Top 10 Government Default Risks In The World

With the liquidity crisis surrounding the rollover of Greek debt subsiding, the probability of default for that country has plummeted from nearly even odds to just over one in three.Last Week’s Numbers: 06 May 2010Meanwhile, other state and national governments are showing continued stress. Venezuela tops the list with a CDS spread of 1049 and [...] continue reading world news

Ireland: Protesters Attempt to Storm Parliament

Protesters angry at Ireland’s multi-billion efforts to bail out its banks have tried to storm the entrance of the Irish parliament and several have been injured in scuffles with police. Gardai Clash with protestors marching against government cutbacks outside the Gates of Leinster House in Dublin Photo: PA Police [...] continue reading world news

Germany, France May Hurt AAA Ratings in ‘Ponzi Game at The Highest Level’

This bailout is a Ponzi scheme and the people will foot the bill:- Here Is Who Just Got Their A$$ Saved By The Huge Euro Bailout (Business Insider)- Federal Reserve Opens Line Of Credit To Europe (AP)- Stephen Pope of Cantor Fitzgerald on ECB buying government bonds: ‘This is total, undiluted quantitative easing.’ (Forbes)- ECB [...] continue reading world news

Federal Reserve Opens Line Of Credit To Europe

See also:- Stephen Pope of Cantor Fitzgerald on ECB buying government bonds: ‘This is total, undiluted quantitative easing.’ (Forbes):What worries Pope is a question that is nagging many veteran market pundits: Where is the money going to come from? In the quantitative easing followed by the Federal Reserve and the Bank of England the money [...] continue reading world news

Here Is Who Just Got Their A$$ Saved By The Huge Euro Bailout

Guess who will pay for this bailout? That’s right. You will pay for it all.See also:- Federal Reserve Opens Line Of Credit To Europe (AP)- Stephen Pope of Cantor Fitzgerald on ECB buying government bonds: ‘This is total, undiluted quantitative easing.’ (Forbes)- ECB Resorts to ‘Nuclear Option,’ Intervenes in Bond Market to Fight Euro Crisis [...] continue reading world news

The Greek Spirit of Resistance Turns Its Guns on The IMF

- Max Keiser on Greece: ‘The IMF is a Financial Mafia’:“The only solution for Greece is to arrest the Goldman Sachs bankers immediately and all those involved in the fabrication of Greek economic data in 2000, when you became a member of the eurozone. The next step is to nationalize all banks like Sweden did [...] continue reading world news

US Food-Stamp Tally Nears 40 million, Sets New Record

A lunch meal portion waits at the Part of the Solution (POTS) soup kitchen and food pantry in the Bronx borough of New York (Reuters)WASHINGTON (Reuters) - Nearly 40 million Americans received food stamps — the latest in an ever-higher string of record enrollment that dates from December 2008 and the U.S. recession, according to [...] continue reading world news

German Professors Challenge Greek Bailout Legislation, Declare it Unconstitutional

Commentary:Greece should (arrest the Goldman Sachs banksters) default on those bonds that are unpayable and let the stupid investors/banksters eat the losses.Instead the people in Greece and the EU will be presented with the bill, created by corrupt elite criminals.Now Germany is portrayed as not willing to help the people of Greece.The Greek bailout is [...] continue reading world news

Vampire Zombie Needs More Blood - Freddie Mac Seeks More Government Funds, Asks For Additional $10.6 Billion

* Q1 provision for credit losses $5.4 bln* Focused on improving credit quality - CEO* Signs of housing market stabilising - CEO* But expect big rise in distressed sales - CEO WASHINGTON/NEW YORK, May 5 (Reuters) - Freddie Mac, the second-largest provider of U.S. residential mortgage funds, on Wednesday asked for an additional $10.6 billion [...] continue reading world news

Moody’s says very likely to downgrade Portugal’s credit rating

See also:- Elite Puppet Credit Rating Agencies Playing Big Roll In European Debt Crisis* Downgrade now highly likely, review to take 3 months* Still to discuss austerity with government* Moody’s says may cut Portuguese banks’ ratings The historic part of Lisbon, the Portugeuse capital, recreated after an earthquake devastated the City in 1755LISBON/NEW YORK, [...] continue reading world news

Gulf of Mexico Oil Spill: The Halliburton Connection

So Goldman Sachs took a “big short” position on the Gulf around the time when Halliburton completed the final cementing of the oil well and pipe:- Goldman Sachs Shorted Gulf of Mexico The Day Before!:NEW YORK  — In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today [...] continue reading world news

Goldman Sachs Shorted Gulf of Mexico The Day Before!

Goldman Sachs banker Fabrice Tourre is sworn in before testifying to the Senate subcommittee investigating the role of investment banks during the Wall Street financial crisis. (Getty Images)NEW YORK  — In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made “a substantial financial bet against [...] continue reading world news

Greece Accepts Unprecedented Bailout From EU and IMF, ‘Savage’ Cuts

- German Chancellor Angela Merkel Says She Was Right on Greece, Winning ‘Unthinkable’ Cuts (Bloomberg):May 2 (Bloomberg) — German Chancellor Angela Merkel said she was right to demand International Monetary Fund involvement in the Greek bailout over the objections of her European peers, saying it resulted in previously “unthinkable” budget cuts by Greece.“This is an [...] continue reading world news

Warning For Britain As Financial Chaos Spreads to Spain

Spain’s economy was thrown into chaos on Thursday when its credit rating was cut, sharpening fears that Britain may suffer a similar fate.The turmoil came just a day after Greece’s rating was cut, increasing concerns of a Europe-wide financial crisis.The euro fell sharply and the interest rates European governments pay to borrow money jumped after [...] continue reading world news