Godlike Productions - Conspiracy Forum
Users Online Now: 2,152 (Who's On?)Visitors Today: 9,475
Pageviews Today: 12,371Threads Today: 4Posts Today: 41
12:05 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

THE ECONOMY & YOU # (Daily Updated Videos & Articles)

 
RoXY (OP)

User ID: 19973059
Netherlands
08/07/2012 04:38 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
'Scrap banks or they'll bring chaos' - Nobel Economist
Nobel Economics Laureate Edward Prescott explains what he thinks has gone so wrong in the region, and what needs to be done to put it right.


Marxist

User ID: 8096090
New Zealand
08/07/2012 07:19 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
'Scrap banks or they'll bring chaos' - Nobel Economist
Nobel Economics Laureate Edward Prescott explains what he thinks has gone so wrong in the region, and what needs to be done to put it right.


 Quoting: RoXY


Scrap banks and you merely create a vacuum within capitalism (there can be no regression to mercantilism....that would defy the logic of systemic dialecticism) for a new generation of banks.
Workers of the World, Unite. You have nothing to lose but your chains!
RoXY (OP)

User ID: 19973059
Netherlands
08/07/2012 08:41 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
The Dark Heart Of The Libor Scandal - Why the Regulators Failed to Regulate
by Mark Vorpahl
August 7, 2012

Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war.

The Libor is used to set payments on $800 trillion worth of financial instruments. It sets the prices that people and corporations pay for loans and receive for savings. Given that the fraud impacted $10 trillion in consumer loans, the Libor scandal will likely leave a long list of previous financial scandals that contributed to the Great Recession look like child’s play.

It also pulls back the curtain on the mechanisms behind the world economy, its anti-social priorities, its willingness to gamble away the future of millions of people, and the government’s collusion in these operations. The Libor scandal reveals that the "invisible hand" Adam Smith spoke of in explaining how a capitalist economy regulates itself has been transformed into the trained hand of a swindler.

The Libor and Its Problems
The Libor sets interest rates that banks charge one another to borrow on a daily basis. Sixteen (now eighteen) large banks submit their assessment of what they anticipate credit would cost them. The four lowest and four highest calculations are thrown out, and the interest rate is determined as the middle figure among the remaining assessments.

CONTINUE: [link to globalresearch.ca]
Horus
User ID: 7669788
Iceland
08/07/2012 09:45 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
the economy is obsolete & you deserve abundance!

it's all about sharing the planet

in
peace
Marxist

User ID: 2670429
New Zealand
08/07/2012 10:39 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
The Dark Heart Of The Libor Scandal - Why the Regulators Failed to Regulate
by Mark Vorpahl
August 7, 2012

Though, for most, the London Inter-Bank Offer Rate (Libor) interest rate fixing scandal appears to be distant and far too complex to understand, its potential consequences may be as economically devastating as a world war.

The Libor is used to set payments on $800 trillion worth of financial instruments. It sets the prices that people and corporations pay for loans and receive for savings. Given that the fraud impacted $10 trillion in consumer loans, the Libor scandal will likely leave a long list of previous financial scandals that contributed to the Great Recession look like child’s play.

It also pulls back the curtain on the mechanisms behind the world economy, its anti-social priorities, its willingness to gamble away the future of millions of people, and the government’s collusion in these operations. The Libor scandal reveals that the "invisible hand" Adam Smith spoke of in explaining how a capitalist economy regulates itself has been transformed into the trained hand of a swindler.

The Libor and Its Problems
The Libor sets interest rates that banks charge one another to borrow on a daily basis. Sixteen (now eighteen) large banks submit their assessment of what they anticipate credit would cost them. The four lowest and four highest calculations are thrown out, and the interest rate is determined as the middle figure among the remaining assessments.

CONTINUE: [link to globalresearch.ca]
 Quoting: RoXY


Excellent article, Roxy.
Workers of the World, Unite. You have nothing to lose but your chains!
RoXY (OP)

User ID: 19973059
Netherlands
08/08/2012 01:55 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Has The Perfect Moment To Kill The Dollar Arrived?
Brandon Smith, Contributor
Tuesday, August 7, 2012
Activist Post

The idea of “collapse”, social and financial, comes with an incredible array of hypothetical consequences ranging from public dissent and martial law, to the complete disintegration of infrastructure and the devolution of mankind into a swarm of mindless arm chewing cannibals. In an age of television nirvana and cinema overload, I have found that the collective unconscious of our culture has now defined what collapse is based only on the most narrow of extremes. If they aren’t being hunted down by machete wielding looters or swastika wearing jackboots, then the average American dupe figures that the country is not in much danger. Hollywood fantasy has blinded us to the tangible crises at our doorstep.

The reality is that collapse is not a singular event, but a process. It is a symphony of doom, composed of a series of exponentially more powerful crescendos. If the past four years since the implosion of the derivatives bubble have proven anything, it is that catastrophe has the ability to drown a nation slowly like a river of molasses, rather than sweep it away like a flash flood. That said, almost every recorded collapse of modern societies in the past century has been preceded by a primary trigger event; a moment in which the mathematical certainty of failure becomes clear, even if the psychological certainty is muddled.

CONTINUE: [link to www.activistpost.com]
RoXY (OP)

User ID: 19973059
Netherlands
08/08/2012 03:04 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Expert Explains In Horrifying Detail How The Next Shock Will Shatter The Global Economy
by Matthew Boesler
Aug. 7, 2012

The eurozone is on a path into a deep recession. As one of the largest and most advanced economies in the world, its centrality to a system of highly-interconnected global supply chains is taken for granted.

David Korowicz, a physicist and human-systems ecologist, recently authored a lengthy 78-page white paper titled: "Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse."

It explores the increasing systemic risk brewing in the global financial and trade systems. Using complex systems analysis, he explains how within weeks of the next major economic shock, like a major bank failure or a country exiting the eurozone, contagion would quickly spread through global supply chains, causing an "irreversible global economic collapse."

Read more: [link to www.businessinsider.com]


NB: Interesting article, to say the least...
RoXY (OP)

User ID: 19973059
Netherlands
08/09/2012 12:33 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
14 Questions People Ask About How To Prepare For The Collapse Of The Economy
Michael Snyder, Contributor
Wednesday, August 8, 2012
Activist Post

How in the world is someone supposed to actually prepare for an economic collapse? What should you do with your money? How can you make sure that your family is going to be okay? How can you prepare if your resources are extremely limited? These are the kinds of questions people ask me all the time.

Once people understand that the economy has been collapsing and will continue to collapse, then the next step for most of them is that they want to get prepared for the storm that is coming. So where should someone get started?

Well, the truth is that no two people are facing the exact same set of circumstances, so preparation is going to look different for each individual. But there are certain core principles that we can all benefit from. For example, when a financial storm is coming, that is not the time to be blowing thousands of dollars on vacations and new toys. You would be surprised at how many people there are that claim that they have no extra money in their budgets and yet somehow have plenty of money to run down to Wal-Mart and buy a big stack of DVDs. When times are difficult, each hard-earned dollar becomes much more precious, and we all need to start getting into the habit of making the most out of our limited resources. The seemingly endless prosperity that we have all been enjoying for decades is coming to an end, and most of us have absolutely no experience on how to deal with truly hard times. If you are under the age of 60, it might be a really good idea to read a book or two on what conditions were like during the Great Depression of the 1930s. There is a lot that we can learn from our own history.

CONTINUE: [link to www.activistpost.com]

RoXY (OP)

User ID: 19973059
Netherlands
08/13/2012 01:42 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Confronting Wall Street: Establishing a Democratic Public Postal Banking System in America - Letter Carriers Consider Bringing Back Banking Services
by Ellen Brown
August 12, 2012

On July 27, 2012, the National Association of Letter Carriers adopted a resolution at their National Convention in Minneapolis to investigate establishing a postal banking system. The resolution noted that expanding postal services and developing new sources of revenue are important to the effort to save the public Post Office and preserve living-wage jobs; that many countries have a successful history of postal banking, including Germany, France, Italy, Japan, and the United States itself; and that postal banks could serve the 9 million people who don’t have bank accounts and the 21 million who use usurious check cashers, giving low-income people access to a safe banking system. “A USPS bank would offer a ‘public option’ for banking,” concluded the resolution, “providing basic checking and savings – and no complex financial wheeling and dealing.”

CONTINUE: [link to globalresearch.ca]
RoXY (OP)

User ID: 19973059
Netherlands
08/13/2012 08:38 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Spiking Grain Prices Raise Specter Of Global Food Crisis
by Naomi Spencer
August 10, 2012

Global food prices rose 6.2 percent in July, the United Nations’ Food and Agriculture Organization reported Thursday. The FAO said it released its Food Price Index ahead of its regular publication schedule as a warning against the impact of such price rises.

The index, which calculates the cost of a basket of food commodities, overall averaged 213 points in July, up 12 points from June. In February 2011, the height of the Arab Spring, the overall index peaked at 238. The index has remained above the average 2008 level for more than a year and is now trending toward an all-time high.

Grain prices have driven the overall rise. The US corn crop is in a state of disaster, with more than half of all US acreage listed in poor or very poor condition due to a record-breaking drought. Under a parallel drought, Russia downgraded its wheat crop by several million tons on Wednesday.

The FAO cereal index averaged 260 points in July, up 17 percent over the month. Most of the increase is attributable to a 23 percent rise in corn prices over the month and a similar, 19 percent surge in wheat prices. The cereal index is only 14 points below the all-time high of 274 points in April 2008.

The FAO registered a 12 percent rise in sugar prices in July, triggered by unseasonably wet weather in Brazil, the world’s largest exporter of cane sugar. Oils rose 2 percent, primarily on tighter supply outlooks and record prices for soybeans.

Price indexes for meats and dairy remained relatively unchanged for the month, although the protracted drought in the US rangeland has distressed many ranchers, who will be compelled to liquidate their herds. The US Department of Agriculture projects US consumer price inflation for meat, poultry, and dairy in the next few months as a result. Internationally, the higher cost of animal feed will ripple through livestock producers. This process may sharply affect Asia, where demand for meat is growing, but nations have smaller domestic stockpiles.

International food organization Oxfam warned in response to the FAO report that “millions of the world’s poorest will face devastation” from the increases. “This is not some gentle monthly wake-up call—it’s the same global alarm that’s been screaming at us since 2008,” Oxfam spokesman Colin Roche stated. “These figures prove that the world’s food system cannot cope on crumbling foundations. The combination of rising prices and expected low reserves means the world is facing a double danger.”

CONTINUE: [link to globalresearch.ca]
RoXY (OP)

User ID: 19973059
Netherlands
08/14/2012 08:08 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Food Prices to Skyrocket in Coming Food Crisis
Monday, August 13, 2012
Activist Post

You don't have to be survivalist or a doomsdayer to recognize the practicality in having some food stored away for a rainy day. In fact, it's simply becoming common sense to have a certain amount of bulk food storage in your house.

But these days, with record droughts ravaging the bread basket of America coupled with runaway money printing by the Fed, food inflation is creating a dangerous scenario but also a fantastic investment opportunity for average folks.

During times of economic uncertainty it can be especially difficult to determine a safe place to protect your savings. Countless financial advisers offer advice on asset protection and other ways to keep your nest egg performing slightly above inflation. However, many of these strategies involve paper investments that come with risks.

People in the know suggest tangible assets like precious metals. But if you're like the overwhelming majority of Americans living week-to-week, acquiring gold and silver can seem daunting. Although it's definitely worth accumulating some precious metals when you have expendable income, food may prove to be a much better investment.

CONTINUE: [link to www.activistpost.com]
RoXY (OP)

User ID: 19973059
Netherlands
08/16/2012 11:15 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
The Economic Collapse and the Neoliberal Onslaught
For decades, the IMF and the World Bank have used the cover of development and restructuring to plunder and loot the developing world. Now, as these institutions begin to set their sights on the struggling economies of Europe and other developed countries, economics professor and Global Research editor Michel Chossudovsky breaks down the true history of the economic crisis and the international financial structure.
SOURCE: [link to tv.globalresearch.ca]


RoXY (OP)

User ID: 19973059
Netherlands
08/16/2012 11:19 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Class action against ANZ begins
38,000 ANZ customers are fighting to regain bank fees, in one of the largest class action law suits in Australian history.

Read Article: 'High Court to hear ANZ class action'
[link to yhoo.it]


RoXY (OP)

User ID: 19973059
Netherlands
08/16/2012 11:51 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Goldman Sachs Above the Law
James Hall, Contributor
Wednesday, August 15, 2012
Activist Post

No doubt, the chief crook on Wall Street is virtually immune from any law that brings lesser mortals to their knees. The latest outrage summed up nicely in "Relieve Goldman Sachs of Their Legal Exposure", passes with little notice in the establishment media.

Goldman Sachs got a rare 'reverse Wells notice' from the SEC, when they were told that a mortgage-backed securities deal which they earlier heard they would face prosecution for would not net them any civil enforcement. But that was just the beginning. Later in the day, they learned they would not face any prosecution from the Justice Department for the misdealings brought to light in a Senate Permanent Subcommittee on Investigations report a year ago.

In case you have not heard the details, the Eric Holder DoJ of criminal protection and selective prosecution, hit a new low.

In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.

'The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time,' the department said.

CONTINUE: [link to www.activistpost.com]
RoXY (OP)

User ID: 19973059
Netherlands
08/16/2012 07:25 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Spiral of banks warns of financial meltdown
02 August 2012 by Andy Coghlan

Call it the financial meltdown forecaster. The team of economists who last year demonstrated that a small number of companies wield disproportional power over the global economy has now produced a simple visual tool that can monitor financial stability in real-time.

Like a weather forecast, DebtRank could monitor global financial activity for telltale signs of impending disaster. Its designers say it could anticipate and so help prevent global economic crises like the events of 2008, from which the world is still reeling.

Importantly, it's not just size that matters when it comes to how much risk a troubled bank poses to the financial system. Even a relatively small loss at a firm intimately connected to many other banks could cause a ripple effect that threatens the whole system.

CONTINUE: [link to www.newscientist.com]
Marxist

User ID: 3394430
New Zealand
08/16/2012 10:31 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Spiral of banks warns of financial meltdown
02 August 2012 by Andy Coghlan

Call it the financial meltdown forecaster. The team of economists who last year demonstrated that a small number of companies wield disproportional power over the global economy has now produced a simple visual tool that can monitor financial stability in real-time.

Like a weather forecast, DebtRank could monitor global financial activity for telltale signs of impending disaster. Its designers say it could anticipate and so help prevent global economic crises like the events of 2008, from which the world is still reeling.

Importantly, it's not just size that matters when it comes to how much risk a troubled bank poses to the financial system. Even a relatively small loss at a firm intimately connected to many other banks could cause a ripple effect that threatens the whole system.

CONTINUE: [link to www.newscientist.com]
 Quoting: RoXY


Article succinctly illustrates the globalised nature of capital whilst the debate remains stoically nation based.
Workers of the World, Unite. You have nothing to lose but your chains!
RoXY (OP)

User ID: 19973059
Netherlands
08/17/2012 04:36 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG
Michael Snyder, Contributor
Friday, August 17, 2012
Activist Post

If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing. Those that are "connected" have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen.

Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves.

CONTINUE: [link to www.activistpost.com]
Marxist

User ID: 20426344
New Zealand
08/18/2012 06:47 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG
Michael Snyder, Contributor
Friday, August 17, 2012
Activist Post

If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing. Those that are "connected" have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen.

Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves.

CONTINUE: [link to www.activistpost.com]
 Quoting: RoXY


Personally, I don't think these bums have a clue. All they know is that the system is in such deep debt as to need a major infusion from somewhere, anywhere. Which is why they are watching the Chinese like hawks....much of the last few decades vast profits have been remitted from that disgraceful sham of a "communist" country and I suspect that there is an expectation that the can kicking will, by some unfathomable process and the China connection, save the day, someday.
Workers of the World, Unite. You have nothing to lose but your chains!
RoXY (OP)

User ID: 19973059
Netherlands
08/19/2012 02:53 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
It's the stupid economy - Welcome to Noddyland


RoXY (OP)

User ID: 19973059
Netherlands
08/19/2012 07:39 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
The Euro Is Not in Trouble. People Are.
by Prof. Vicente Navarro
August 17, 2012

One of the phrases frequently written in economic circles in the United States (and to a lesser degree in Europe) is “the Euro is going to collapse.” Those who repeat that phrase over and over again do not seem to know how the Euro was established, by whom, and for whose benefit. If they knew the history of the Euro, they would have noticed that the major forces behind the Euro have done very well and continue to do so.

As long as they continue to benefit from the Euro’s existence, the Euro will continue to exist.
Let’s start with the Euro’s history and the major reason it was established. After the collapse of the Berlin Wall, it looked like East and West Germany could reunite and as the Western German establishment wanted become, once again, a united Germany. That possibility did not please democratic Europe. Twice in the 20th century, the majority of European countries had to go to war to stop the expansionist aims of a united Germany. The European governments were not pleased to see post-Nazi Germany reunited. President François Mitterrand of France even said ironically that, “I love Germany so much that I prefer to see two Germanys rather than one.”

The only alternative these governments saw was to make sure the united Germany would not become an isolated country in front of everyone else. Germany had to become integrated into Europe. It had to become Europeanized. Mitterrand thought one way of doing this was to have the German currency, the mark, be replaced by a new European currency, the Euro. This was thought to be a way of anchoring post-Nazi Germany to democratic Europe.

CONTINUE: [link to globalresearch.ca]

Last Edited by RoXY on 08/19/2012 08:00 PM
RoXY (OP)

User ID: 19973059
Netherlands
08/19/2012 07:58 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
On the Road to Ryan and Ruin
by Lawrence Davidson
Posted on 19. Aug, 2012

Part I – The Good Old Bad Days
In the 132 years between 1797 and 1929, there was no effective regulation of U.S. economy. No federal agencies existed to control corruption, fraud and exploitation on the part of the business class. Even during the Civil War, economic management on a national level was minimal and war profiteering common. As a result the country experienced 33 major economic downturns which impacted roughly 60 of the years in question. These included 22 recessions, 4 depressions, and 7 economic “panics” (bank runs and failures).

Then came the Great Depression starting with the crash of the New York stock market in 1929. This soon became a worldwide affair which lasted until the onset of World War II. Millions were thrown out of work, agricultural production partially collapsed, and the fear of rebellion and revolution was palpable both in the U.S. and Europe.

CONTINUE: [link to www.opinion-maker.org]

RoXY (OP)

User ID: 19973059
Netherlands
08/21/2012 04:58 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Journalism for sale - NPR serves the banks?




Journalism for sale - NPR serves the banks?



Last Edited by RoXY on 08/21/2012 05:00 PM
RoXY (OP)

User ID: 19973059
Netherlands
08/21/2012 05:51 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Wall Street Financial Fraud: US to drop criminal probe of MF Global
by Barry Grey
August 21, 2012

The New York Times published a front-page article on August 16 reporting that the US Justice Department is preparing to end a ten-month criminal investigation into the collapse of the Wall Street brokerage firm MF Global without charging the company or any of its employees.

This is despite what the Times called the “disappearance” of some $1 billion in customer money that emerged when the firm filed for Chapter 11 bankruptcy protection last October 31. MF Global raided clients’ accounts in an attempt to meet margin calls in the days leading up to its collapse. The newspaper reports that $175 million of this stolen money went to JPMorgan Chase.

The failure of the firm, on the other hand, left “farmers and other customers out millions,” according to the Times report.

Nevertheless, the company and its former chairman and CEO Jon Corzine are likely to be given a free pass by the government. The Times cited “people involved in the case who spoke on condition of anonymity,” making clear that news of the government whitewash had been deliberately leaked, presumably in an effort to prepare public opinion and dampen popular outrage.

The Times is no doubt also motivated by concerns over the impact on the Obama reelection campaign of yet another official cover-up of Wall Street criminality, given that Corzine is a former Democratic senator and governor of New Jersey and a top fundraiser for the Obama campaign. He hosted Obama’s first reelection fund-raising event at his Fifth Avenue apartment overlooking Central Park in Manhattan.

Failure to prosecute the multi-millionaire Goldman Sachs CEO (1994-1999)- turned Democratic office-holder will create difficulties for a campaign based — absurdly and cynically — on casting Obama as a quasi-populist alternative to his pro-Wall Street opponent.

CONTINUE: [link to globalresearch.ca]
RoXY (OP)

User ID: 19973059
Netherlands
08/21/2012 06:26 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)

Jacob Rothschild, John Paulson And George Soros Are All Betting That Financial Disaster Is Coming

Michael Snyder, Contributor
Tuesday, August 21, 2012
Activist Post

Are you willing to bet against three of the wealthiest men in the entire world? Jacob Rothschild recently bet approximately 200 million dollars that the euro will go down. Billionaire hedge fund manager John Paulson made somewhere around 20 billion dollars betting against the U.S. housing market during the last financial crisis, and now he has made huge bets that the euro will go down and that the price of gold will go up. And as I wrote about in my last article, George Soros put approximately 130 million more dollars into gold last quarter.

So will the euro plummet like a rock? Will the price of gold absolutely soar? Well, if a massive financial disaster does occur, both of those two things are likely to happen. The European economy is becoming more unstable with each passing day, and investors all over the globe are looking for safe places to put their money. The mainstream media keeps telling us that everything is going to be okay, but the global elite are sending us a much, much different message by their actions.

Certainly Rothschild, Paulson and Soros know about things happening in the financial world that the rest of us don't. The fact that they are all behaving in a consistent manner right now should be alarming for all of us.

CONTINUE: [link to www.activistpost.com]

RoXY (OP)

User ID: 19973059
Netherlands
08/21/2012 06:30 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
1# How to Survive an Economic Depression - Survival & Homestead (Trailer)




Last Edited by RoXY on 09/28/2012 05:32 AM
RoXY (OP)

User ID: 19973059
Netherlands
08/23/2012 12:55 AM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Tax-Free Ride Is Ending for Online Shoppers in California, Pennyslvania
By Rachel M. Zahorsky
Aug 21, 2012

As congressional support builds for a federal internet sales tax law, online shoppers in Pennsylvania and California will pony up to the taxman next month.

Starting Sept. 1, Pennsylvanians will pay a 6 percent or more sales tax, depending on the county, for online items purchased from retailers with a physical presence in the state, the Pittsburgh Post-Gazette reports.

The new tax is an attempt to collect some of the $254 million to $410 million (according to a 2011 study by Carnegie Mellon University professor Robert Strauss) in lost revenue from the state's online shoppers. It would apply to all purchases made in, delivered to or used within the state.

California e-tailers will start charging customers a sales tax Sept. 15 under a new state law that could boost the state’s coffers by $250 million to $500 million, ABC affiliate KFSN-TV reports.

CONTINUE + VIDEO: [link to www.abajournal.com]

RoXY (OP)

User ID: 19973059
Netherlands
08/24/2012 03:36 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Fixing the Mortgage Mess in America - The Game-changing Implications of Bain v. MERS
by Ellen Brown
August 22, 2012

Two landmark developments on August 16th give momentum to the growing interest of cities and counties in addressing the mortgage crisis using eminent domain:

(1) The Washington State Supreme Court held in Bain v. MERS, et al., that an electronic database called Mortgage Electronic Registration Systems (MERS) is not a “beneficiary” entitled to foreclose under a deed of trust; and

(2) San Bernardino County, California, passed a resolution to consider plans to use eminent domain to address the glut of underwater borrowers by purchasing and refinancing their loans.

MERS is the electronic smokescreen that allowed banks to build their securitization Ponzi scheme without worrying about details like ownership and chain of title. According to trial attorney Neil Garfield, properties were sold to multiple investors or conveyed to empty trusts, subprime securities were endorsed as triple A, and banks earned up to 40 times what they could earn on a paying loan, using credit default swaps in which they bet the loan would go into default.

As the dust settles from collapse of the scheme, homeowners are left with underwater mortgages with no legitimate owners to negotiate with. The solution now being considered is for municipalities to simply take ownership of the mortgages through eminent domain. This would allow them to clear title and start fresh, along with some other lucrative dividends.

CONTINUE: [link to globalresearch.ca]
RoXY (OP)

User ID: 19973059
Netherlands
08/24/2012 03:38 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Chart Of The Day: Americans At Or Below 125% Of The Poverty Level
by Tyler Durden
August 23, 2012

From AP: "the number of Americans with incomes at or below 125 percent of the federal poverty level - the income limit for qualifying for legal aid - is expected to reach an all-time high of 66 million this year. A family of four earning 125 percent of the federal poverty level makes about $28,800 a year, government figures show." And visually...

CONTINUE: [link to globalresearch.ca]
RoXY (OP)

User ID: 19973059
Netherlands
08/24/2012 04:32 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)

Customer Deposits Are Property of the Bank: Close Your Account NOW

Susanne Posel, Contributor
Friday, August 24, 2012
Activist Post

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.”

These customer funds were used to “back up personal investments” which were part of “collateral for a loan from Bank of New York Mellon” (BNYM). This loan derived from stolen customer monies was “used to purchase millions of dollars worth of high-risk, illiquid securities, including collateralized debt obligations, or CDOs, for a trading portfolio that benefited Sentinel’s officers, including Mosley, Bloom and certain Bloom family members.”

Fast forward to August 9th of 2012, and the 7th Circuit Court of Appeals (CCA) rules that BNYM can be moved to first in line of creditors over the customers that had their funds stolen by SMG.

CONTINUE: [link to www.activistpost.com]
RoXY (OP)

User ID: 19973059
Netherlands
08/26/2012 09:30 PM
Report Abusive Post
Report Copyright Violation
Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Top Economists: Iceland Did It Right … And Everyone Else Is Doing It Wrong
by Washington's Blog
August 25, 2012

Iceland Shows the Way
Nobel prize winning economist Joe Stiglitz notes: What Iceland did was right. It would have been wrong to burden future generations with the mistakes of the financial system.

Nobel prize winning economist Paul Krugman writes: What [Iceland's recovery] demonstrated was the … case for letting creditors of private banks gone wild eat the losses.

Krugman also says: A funny thing happened on the way to economic Armageddon: Iceland’s very desperation made conventional behavior impossible, freeing the nation to break the rules. Where everyone else bailed out the bankers and made the public pay the price, Iceland let the banks go bust and actually expanded its social safety net. Where everyone else was fixated on trying to placate international investors, Iceland imposed temporary controls on the movement of capital to give itself room to maneuver.

Krugman is right. Letting the banks go bust – instead of perpetually bailing them out – is the right way to go.

We’ve previously noted: Iceland told the banks to pound sand. And Iceland’s economy is doing much better than virtually all of the countries which have let the banks push them around.

CONTINUE: [link to globalresearch.ca]


News