Goldman Sachs Reveals That Bailout Cash Went Overseas

Goldman Sachs received a $12.9 billion payout from the government’s bailout of AIG, which was at one time the world’s largest insurance company.Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night.Goldman Sachs disclosed the list of companies [...] continue reading world news

Bank of England’s Mervyn King Warns Over High Inflation

Bank of England’s Mervyn King created £200 billion out of thin air:- Bank of England extends quantitative easing to £200 billionAnd now he warns over inflation. This is like nuking a country and then warn the people over radiation.Elite puppet Mervyn King is intentionally destroying the pound, looting the people, through quantitative easing (Whereas the [...] continue reading world news

Russia: Worst drought in a decade, high temperatures damaged 32 percent of land under cultivation, grain prices may double

Russia’s Drought Raises Bondholder Risk on PricesA farmer driving his tractor to harvest flax at a collective farm in the village of Mirny, in the Tver region (Reuters)Russia’s worst drought in a decade will probably generate losses for bondholders as food prices rise and the government may be pushed to tap debt markets for funds [...] continue reading world news

US: Consumer confidence retreats further in July

What confidence?- Total Desperation: Retailers Push ‘Christmas in July’Consumer Confidence Index erodes further in July to 50.4 as job worries take toll on outlookNEW YORK (AP) — Americans’ confidence in the economy eroded further in July amid worries about a job market that has proven stubbornly stagnant. The report raised concerns about the overall economy [...] continue reading world news

EPA Whistleblower On Gulf Health Risk Cover-Up: ‘People Who Work Near Corexit Are Hemorrhaging Internally.’

EPA Whistleblower Accuses Agency of Covering Up Effects of Dispersant in BP Oil Spill CleanupWith BP having poured nearly two million gallons of the dispersant known as Corexit into the Gulf of Mexico, many lawmakers and advocacy groups say the Obama administration is not being candid about the lethal effects of dispersants. We speak with [...] continue reading world news

TARP Watchdog Neil Barofsky: US Taxpayers On The Hook For $23.7 Trillion

See also:- Obama Bankster Bill Lets Banks Have US Over A Barrel Again (Telegraph)U.S. Treasury in WashingtonJuly 20 (Bloomberg) — U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.The [...] continue reading world news

EU Plans ‘Toughest Ever’ Package Of Sanctions Against Iran

The European Union is to target Iran with its “toughest ever” package of economic sanctions directed at officials, banks and the country’s oil industry. Iranian President Mahmoud Ahmadinejad Photo: EPALegally binding measures to be agreed on Monday will go far beyond existing United Nations measures against Iran’s nuclear programme.Officials said the impact of the measure [...] continue reading world news

Obama Bankster Bill Lets Banks Have US Over A Barrel Again

Last week, President Obama signed into law the Dodd-Frank Wall Street Reform bill – hailed as the most sweeping overhaul of US financial regulation since the 1930s.“Because of this law, the American people will never again be asked to foot the bill for Wall Street’s mistakes,” Obama boomed at the schmaltzy signing ceremony, amid [...] continue reading world news

Peter Schiff: Why Not Another World War?

Peter SchiffThere is overwhelming agreement among economists that the Second World War was responsible for decisively ending the Great Depression. When asked why the wars in Iran (Peter Schiff is in the not too distant future here. Maybe he is a remote viewer and forgot to shift realities … or this is just a typho. [...] continue reading world news

Rachel Maddow: The Gulf Of Mexico Déjà Vu (Must See!)

More information:- Matt Simmons: BP Cap Is A Fraud - ‘It’s The Biggest Cover-Up We have Ever Seen’- Gulf Of Mexico Water Sample EXPLODES! Other Samples Prove To Be Toxic- Toxicologists: Corexit ‘Ruptures Red Blood Cells, Causes Internal Bleeding’, ‘Allows Crude Oil To Penetrate ‘Into The Cells’ and ‘Every Organ System’- BP Oil Blowout: All [...] continue reading world news

Lobbyists Push Deadly Asbestos On Developing Nations

WASHINGTON — A global network of lobby groups has spent nearly $100 million since the mid-1980s to preserve the international market for asbestos, a known carcinogen that’s taken millions of lives and is banned or restricted in 52 countries, the International Consortium of Investigative Journalists has found in a nine-month investigation.Backed by public and private [...] continue reading world news

Japan’s Debt: $80.000 Per Person

See also:- Japan bribes small nations with cash and prostitutes to gain support for the mass slaughter of whales- Japan Mulls Monetisation of Public Debt And Yen Devaluation By 30 Percent- Analysts: Risk of Japan Going Bankrupt is RealMy $80,000 Says Deflation Will Only Get WorseNaoto Kan may get the state dinners and the motorcades, [...] continue reading world news

Total Desperation: Retailers Push ‘Christmas in July’

Toys R Us is promoting its summertime discounts more heavily than last year with deals of the day and free shipping through Saturday.NEW YORK — Santa in the summer?Retailers are pumping still more energy this year into trying to get shoppers to loosen their purse strings early for Christmas with sparkly ornaments, holiday music and [...] continue reading world news

Moody’s Downgrades Ireland’s Credit Rating

See also:- Anglo Irish Bank losses are the worst in the entire world • Moody’s cuts Ireland’s sovereign bond rating by one notch• Move will add to fears over Europe’s debt crisis• IMF pulled €20bn finance deal for Hungary at the weekend Moody’s cut Ireland’s credit rating this morning, citing weaker growth prospects and the [...] continue reading world news

China’s Trade Surplus Climbs To Record in June, Up 140% From Last Year

Wang Qing, Morgan Stanley’s chief economist of greater China, estimates the yuan will gain 4 percent by the end of this year and 6 percent next year. (Bloomberg)China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June, adding pressure on the government to let the [...] continue reading world news

Secret Gold Swap Has Spooked The Market: 380 Tonnes of Gold Lent to BIS by … ?

The Bank of International Settlements is the central banks of central banks controlled by the same elite criminals that have created the entire financial crisis.Whatever game they can play to suppress the ‘price of gold’ - their greatest enemy - they will do it..See also:- BIS: Currency Collapse May Stimulate Economic Expansion- Renaissance 2.0: [...] continue reading world news

Harvard Prof. Niall Ferguson Warns of Sudden Collapse of American ‘Empire’

Rome is already burning. Prepare for the worst.- With The US Still Trapped in Depression, This Really Is Starting to Feel Like 1932- Howard Davidowitz: Obama is ‘Mr. Mass Destruction’ - US Economy ‘Is a Complete Disaster’Harvard professor and author Niall Ferguson speaks about the financial crisis during an opening session of the Aspen Ideas [...] continue reading world news

Change: Estate Tax Top Rate To Jump From Zero To 55%, Exemption To Shrink To Just $1 Million

Change we can believe in! Too Rich to Live? The estate tax is set to come roaring back in January. That sets the stage for a perverse calculus: End it all-or leave a massive bill for your heirs to deal with. Tim Gruber for The Wall Street JournalEugene Sukup, 81, visits the grave of his [...] continue reading world news

UK: Recession Even Deeper Than First Thought

Six successive quarters of negative economic growth from spring 2008 until autumn 2009 were the toughest for the economy since the Great Depression of the 1930s The UK recession was even deeper than first thought. The deepest recession in Britain’s post-war history was even more severe than previously feared, the government said today.Fresh information collected [...] continue reading world news

UK Public Sector Debt ‘Around £2 Trillion’

The UK’s public sector debt could be £1.13 trillion higher than headline figures suggest, according to research.A study by the Institute of Chartered Accountants in England and Wales (ICAEW) and the Centre for Economics and Business Research (CEBR) has revealed that there could be a further £1.13 trillion of liabilities above the current estimate [...] continue reading world news

China’s Leading Credit Rating Agency Strips Western Nations of AAA Status

China’s leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West. Beijing office buildings - Chinese rating agency strips Western nations of AAA status (AFP)Dagong Global Credit Rating Co used [...] continue reading world news

Markets Strategist Nick Parsons: Those Who Fled Euro Will See Dollar Collapse in Q3/2010

Added: 1. July 2010 continue reading world news

US: Pending Home Sales Plunge Record 30 Percent in May

WASHINGTON July 1 (Reuters) - Contracts for pending sales of previously owned homes plunged a record 30 percent in May, far more than expected, after a popular tax credit expired at the end of the prior month, a survey from the National Association of Realtors showed on Thursday.The Realtors said its Pending Home Sales Index, [...] continue reading world news

US Economy Shed 125,000 Jobs in June

See also: The Scariest Job Chart Ever Just Got Even ScarierThe official unemployment rate, based on a complete BS accounting method, declined to 9.5 percent.The reality is that this is the Greatest Depression.Job seekers hand out resumes at the University of Phoenix’s table at a job fair sponsored by Houston Hires in Houston this week. [...] continue reading world news

US: 7.9 Million Jobs Lost, Many Forever

More green shoots and strong recovery signs:- Howard Davidowitz: Obama is ‘Mr. Mass Destruction’ - US Economy ‘Is a Complete Disaster’ - US: 1.2 Million Lose Unemployment Benefits Today - US Economy Shed 125,000 Jobs in June- RBS tells clients to ‘think the unthinkable’ and prepare for ‘monster’ money-printing by the Fed - US: 46 [...] continue reading world news

China’s Property Market Braced For 30 Percent Drop

Standard Chartered has told clients to prepare for a fall in property prices of up to 30pc in Beijing, Shanghai, Shenzen, and other large cities in China as the delayed effects of monetary tightening begin to bite. Migrant workers from outside China’s major cities have flooded to fill jobs [...] continue reading world news

And Now: BP admits failing to use industry risk test at any of its deepwater wells in the US

BP was facing fresh criticism over its approach to safety on Saturday night after critics said it did not use an industry standard process to asses risk ahead of the Deepwater Horizon disaster.The procedure, known as a safety case, was developed in Britain after the catastrophic Piper Alpha oil rig explosion of 1988 in [...] continue reading world news

With The US Still Trapped in Depression, This Really Is Starting to Feel Like 1932

This is the Greatest Depression.The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation. People queue for a job fair in New York. The share of the US working-age population with jobs in [...] continue reading world news

Schwarzenegger administration orders minimum wage for state workers

Gov. Arnold SchwarzeneggerThe Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state workers.The instructions from the Department of Personnel Administration exclude roughly 37,000 state workers in six bargaining units that recently came to tentative labor [...] continue reading world news

Howard Davidowitz: Obama is ‘Mr. Mass Destruction’ - US Economy ‘Is a Complete Disaster’

The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip.Davidowitz lays much of the blame for the economy’s woes at the feet of the Obama administration, which he calls “the worst of [...] continue reading world news

US: 1.2 Million Lose Unemployment Benefits Today

About 2 Million Could Lose Their Benefits By Mid-JulyMiriam Cintron lost her job in late 2008 and has been receiving unemployment benefits since then.(CNN) — With her unemployment benefits coming to a halt, Miriam Cintron is forced to make a difficult choice between health insurance and daily expenses.Signing into her unemployment benefits account last week, [...] continue reading world news

Anglo Irish Bank losses are the worst in the entire world

Those were the good old days!LOSSES posted by Anglo Irish Bank are the worst by any bank in the entire world, according to new data from a prestigious financial journal.The taxpayer-owned bank’s loss in 2009 of €15bn was far bigger than those of giant US, Japanese and German banks, according to ‘The Banker’, an industry [...] continue reading world news

Banksters Financing Mexico Gangs Admitted in Wells Fargo Deal

Listen to Catherine Austin Fitts in this video from 2008:- Former Assistant Secretary of Housing: The U.S. is the Global Leader in Illegal Money LaunderingA U.S. Customs and Border Protection agent inspects a vehicle heading into the U.S. at the San Ysidro border crossing in San Diego.(Bloomberg)Just before sunset on April 10, 2006, a DC-9 [...] continue reading world news