Bank Mafia rules the world By Dr.-Ing. Artur P. Schmidt Thursday, 20 August 2009
Like the Italian Mafia, the Wall Street bankers and intelligent networks are now the prime example of organized crime. They move their customers over the table and go after the taxpayers, if you are on the wrong color at the roulette table set. Financial oligopolies
In 2008, the global financial system completely collapsed. What we were experiencing were nonsensical socialist bailout the few financial (...)
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Bank Mafia rules the world
20 August 2009 par (Open-Publishing)
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China’s Miracle Economy: Have the Chinese Become the World’s Greatest Capitalists?
20 August 2009 par (Open-Publishing)
1 commentChina’s Miracle Economy: Have the Chinese Become the World’s Greatest Capitalists?
Ellen Brown: Author, "Web of Debt" August 17, 2009
I don’t care if it’s a white cat or a black cat. It’s a good cat so long as it catches mice." — Deng Xiaoping, who opened China to foreign investment after 1978 China is being called a "miracle economy." It seems to have decoupled from the rest of the world, preserving an 8% growth rate while the rest of the world sinks into the worst recession since the (...) -
Coming Soon: A Global Central Bank, Global Currency & World Government
19 August 2009 par (Open-Publishing)
Coming Soon: A Global Central Bank, Global Currency & World Government
BY ANDREW MARSHALL
Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250 billion into the world economy and increase global liquidity.” SDRs, or (...) -
Icelanders march against Icesave deal
18 August 2009 par (Open-Publishing)
2 commentsIcelanders march against Icesave deal
Published: 14 August 2009 16:27 | Changed: 14 August 2009 17:19
By our news staff About 3,000 Icelanders took to the streets on Thursday to protest against a proposal to repay the losses sustained by Dutch and British investors in the Icesave bankruptcy. The legislative proposal has been stuck in the Icelandic parliament for months, where it is being blocked by a majority of members of parliament.
The Icesave law is a promise to repay (...) -
Permanently Unemployed
14 August 2009 par (Open-Publishing)
By David Glenn Cox
I have come to the conclusion that I am permanently unemployed; after almost two years of non-stop hunting I don’t admit defeat but only the inevitable. Meanwhile, the mainstream media are doing all that they can do to convince you that the economy is doing much better and that prosperity is just around the corner.
They proudly boast, “First time jobless claims down lowest since April!” Down from 558,000 first-time claims last week to 554,000 first-time claims this (...) -
Collapse in the Wake of the Fed’s Wall Street Bubble?
13 August 2009 par (Open-Publishing)
1 commentCollapse in the Wake of the Fed’s Wall Street Bubble? Market Review
by Bob Chapman
Global Research, August 13, 2009 The International Forecaster
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.” James Madison
The Fed’s Wall Street bubble, as we forecast in January, will need at least $2 trillion more in 2010, if the economy is to (...) -
Latin America : Social Movements in Times of Economic Crises
12 August 2009 par (Open-Publishing)
1 commentby Prof. James Petras Global Research, August 12, 2009
The most striking aspect of the prolonged and deepening world recession/depression is the relative and absolute passivity of the working and middle class in the face of massive job losses, big cuts in wages, health care and pension payments and mounting housing foreclosures. Never in the history of the 20-21st Century has an economic crisis caused so much loss to so many workers, employees, small businesses, farmers and professionals (...) -
This is No Recession: It’s a Planned Demolition
12 August 2009 par (Open-Publishing)
This is No Recession: It’s a Planned Demolition
by Mike Whitney
Global Research, August 12, 2009 Infowars
Credit is not flowing. In fact, credit is contracting. That means things aren’t getting better; they’re getting worse. When credit contracts in a consumer-driven economy, bad things happen. Business investment drops, unemployment soars, earnings plunge, and GDP shrinks. The Fed has spent more than a trillion dollars trying to get consumers to start borrowing again, but without (...) -
Entering the Greatest Depression in History: More Bubbles Waiting to Burst
8 August 2009 par (Open-Publishing)
by Andrew Gavin Marshall, Global Research, August 7, 2009
Introduction While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Indicators show that the next possible burst is the commercial real estate bubble. However, the main (...) -
Bankrupt US Financial System: The Bubble Bursts and the Economy goes into a Tailspin
8 August 2009 par (Open-Publishing)
by Mike Whitney, Global Research, August 8, 2009
The World needs a breather from the US. And they’ll get it sooner than many think We’re making this way too complicated. It’s simple really.
The Fed has only one tool at its disposal; to create more money. Typically, the way the Fed adds to the money supply is by lowering interest rates. When the Fed lowers rates below the rate of inflation; they’re basically selling dollars for under a buck. That’s a good deal, so, naturally, (...)