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

 
RoXY (OP)

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01/03/2013 05:02 PM
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I Was a Warehouse Wage Slave - My brief, backbreaking, rage-inducing, low-paying, dildo-packing time inside the online-shipping machine.
By Mac McClelland
March/April 2012

"Don't take anything that happens to you there personally," the woman at the local chamber of commerce says when I tell her that tomorrow I start working at Amalgamated Product Giant Shipping Worldwide Inc. She winks at me. I stare at her for a second.
"What?" I ask. "Why, is somebody going to be mean to me or something?"


She smiles. "Oh, yeah." This town somewhere west of the Mississippi is not big; everyone knows someone or is someone who's worked for Amalgamated. "But look at it from their perspective. They need you to work as fast as possible to push out as much as they can as fast as they can. So they're gonna give you goals, and then you know what? If you make those goals, they're gonna increase the goals. But they'll be yelling at you all the time. It's like the military. They have to break you down so they can turn you into what they want you to be. So they're going to tell you, 'You're not good enough, you're not good enough, you're not good enough,' to make you work harder. Don't say, 'This is the best I can do.' Say, 'I'll try,' even if you know you can't do it. Because if you say, 'This is the best I can do,' they'll let you go. They hire and fire constantly, every day. You'll see people dropping all around you. But don't take it personally and break down or start crying when they yell at you."

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

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01/07/2013 01:34 PM
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The Economics of Extinction
In this episode, Max Keiser and Stacy Herbert discuss the economics of wealth and wage extinction. They talk about hunger wages, household income and the hedge funds reaping huge profits off this wealth and wage extinction.


RoXY (OP)

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01/14/2013 01:40 PM
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Basel Banksters: Secretive elite group pulls strings of finance


RoXY (OP)

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01/30/2013 01:10 PM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Iceland president: Let banks go bankrupt


RoXY (OP)

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02/12/2013 08:02 AM
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Economic Bubbles About to Burst
Dean Henderson
February 11, 2013

Insider stock selling by billionaires – including Warren Buffett and John Paulsen – this week indicate something big is about to happen, something that may make the 2008 credit crisis seem rather benign. Last week the governments of Russia and Germany called in their gold being “held” by the New York Federal Reserve.

A couple of years ago the IMF announced that it would begin liquidating its gold holdings - the world’s 3rd largest stash after the US and Germany. Buyers included the governments of India, Sri Lanka and Mauritius. Do you think the IMF would be selling gold at a market bottom? Bubble #1 about to burst – Gold.

Both Venezuelan and Vietnamese governments announced devaluations of their currencies, striking fear into the hearts of Southeast Asian governments, who fear a repeat of the 1997 Asian Crisis. Vietnam has benefited from the highly speculative dollar carry trade, through which investors borrow US dollars at near 0% interest, then reinvest those free dollars in 12-13% Vietnamese bonds. Much of the money which we forked over to Wall Street banks via QE 1-3 has made it’s way into these speculative markets, rather than being loaned to US home buyers, for example. Bubble #2 about to burst – The US Dollar Carry Trade

CONTINUE: [link to deanhenderson.wordpress.com]
RoXY (OP)

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02/12/2013 08:20 AM
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Amazon's New Virtual Currency
J.P. Hicks, Contributor
Tuesday, February 12, 2013
Activist Post

Last week Amazon announced a new way for customers to buy and sell goods on its massive online retail platform: a new virtual currency called Amazon Coins.

Coming in May, Amazon Coins is a new virtual currency for purchasing apps, games, and in-app items on Kindle Fire.

Amazon Coins is an easy way for Kindle Fire customers to spend money on developers’ apps in the Amazon Appstore, offering app and game developers another substantial opportunity to drive traffic, downloads and increase monetization even further.

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

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02/12/2013 01:51 PM
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$11,250,000 bet that the VIX will move over 20 over the next 60 days...

Last week the head of floor trading operations at the NYSE wrote this in his daily report sent out to UBS traders.

"A Very Big Bet In A Somewhat Unlikely Instrument – My friend, Jim Brown, the ever-alert consummate professional over at Option Investor pointed us to a rather unusual trade. Here's what he wrote in the February 7 edition of his valuable newsletter:

In past years I have reported on trades that were so large it appeared someone had inside knowledge of a pending event. Sometimes those were massive put positions on the S&P. A new trade just appeared that suggests there will be a market event in the near future. Last week somebody put on a call spread on the VIX using the April 20 and 25 puts. They bought 150,000 contracts for a net of $75 per contract. That is an $11,250,000 bet that the VIX will move over 20 over the next 60 days. You would have to be VERY confident in your outlook to risk $11 million on a directional position with the VIX at five year lows and the markets trying to break out to new highs.

Jim then goes on to list some of the scheduled events and deadlines visible over the next 60 days (mostly in Washington). When you add in the broad variety of geo-political possibilities, it's a decent reason to stay extra alert.

Hopefully, this person is wrong."

[link to www.optioninvestor.com]

NB: This means that the s&p 500 could go up, down or stay relativity stable for this investor to make money, so as long as the volume of trading starts to increase.

This does not necessarily mean the investor in question is betting on the stock market to tank.

Last Edited by RoXY on 02/12/2013 01:56 PM
RoXY (OP)

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02/14/2013 09:12 AM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)

RoXY (OP)

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02/15/2013 04:41 PM
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Robert Newman's History of Oil
All in one piece - if you have not seen it, this is a treat - the most painless chiropractor for your socio-political backbone known to the Western World.

Visit Robert Newman's excellent website at [link to www.robnewman.com]


RoXY (OP)

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02/15/2013 06:09 PM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
G. Edward Griffin Explains The Fed and Inflation


RoXY (OP)

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02/15/2013 07:36 PM
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It’s the Interest, Stupid! Why Bankers Rule the World
By Ellen Brown
February 15, 2013

In the 2012 edition of Occupy Money released last week, Professor Margrit Kennedy writes that a stunning 35% to 40% of everything we buy goes to interest. This interest goes to bankers, financiers, and bondholders, who take a 35% to 40% cut of our GDP. That helps explain how wealth is systematically transferred from Main Street to Wall Street. The rich get progressively richer at the expense of the poor, not just because of “Wall Street greed” but because of the inexorable mathematics of our private banking system.

This hidden tribute to the banks will come as a surprise to most people, who think that if they pay their credit card bills on time and don’t take out loans, they aren’t paying interest. This, says Dr. Kennedy, is not true. Tradesmen, suppliers, wholesalers and retailers all along the chain of production rely on credit to pay their bills. They must pay for labor and materials before they have a product to sell and before the end buyer pays for the product 90 days later. Each supplier in the chain adds interest to its production costs, which are passed on to the ultimate consumer. Dr. Kennedy cites interest charges ranging from 12% for garbage collection, to 38% for drinking water to, 77% for rent in public housing in her native Germany.

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

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02/18/2013 03:20 PM
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Re: THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Interview with the Brazilian business guru Ricardo Semler


RoXY (OP)

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02/18/2013 06:56 PM
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Retail Apocalypse: Why Are Major Retail Chains All Over America Collapsing?
Michael Snyder
Sunday, February 17, 2013
Activist Post

If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores? When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them will close hundreds of stores before the end of 2013. Even Wal-Mart is running into problems. A recent internal Wal-Mart memo that was leaked to Bloomberg described February sales as a "total disaster". So why is this happening? Why are major retail chains all over America collapsing? Is the "retail apocalypse" upon us?

Well, the truth is that this is just another sign that the U.S. economy is falling apart right in front of our eyes. Incomes are declining, taxes are going up, government dependence is at an all-time high, and according to the Bureau of Labor Statistics the percentage of the U.S. labor force that is employed has been steadily falling since 2006. The top 10% of all income earners in the U.S. are still doing very well, but most U.S. consumers are either flat broke or are drowning in debt. The large disposable incomes that the big retail chains have depended upon in the past simply are not there anymore. So retail chains all over the United States are now closing up unprofitable stores. This is especially true in low-income areas.

CONTINUE: [link to www.activistpost.com]

RoXY (OP)

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02/21/2013 02:26 PM
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Global Systemic Economic Crisis: Bank Failures, Currency Wars
By Global Europe Anticipation Bulletin (GEAB)
February 21, 2013

Just as the Euro crisis pushed Europe to modernize and adapt its economic and financial governance to the challenges of the 21st century, the terrible US dollar crisis will oblige the world to transform the whole of world governance structures, beginning of course with the international monetary system to calm the storm which is on the point of striking currencies.

According to our anticipations, this reorganization which will only start to become a reality with the September G20 unfortunately risks taking place in a hurry since our team envisages the first major fears over the Dollar during the March-June 2013 period.

A phrase by Antonio Gramsci (1) splendidly describes the long, dangerous transition period that we are currently living through: “The old world is dying away, and the new world struggles to come forth: now is the time of monsters”. This period will finally come to an end but the monsters are still restless.

With no surprise, one of the powerful factors which will accelerate the United States’ loss of influence in the world relates to oil. In fact we are witnessing the last days of the petrodollar, the key element of US domination. This is why we have decided to deal with the world oil problem at length in this GEAB. We are also publishing the GEAB Dollar-Index and Euro-Index to follow currency developments more reliably in the current monetary storm. Finally, as usual, we finish with the GlobalEurometre.

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

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02/22/2013 11:16 AM
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The Top Ten Stocks for Feb. 21. 2013


RoXY (OP)

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02/22/2013 11:27 AM
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The Big Dogs On Wall Street Are Starting To Get Very Nervous
Michael Snyder
Thursday, February 21, 2013
Activist Post

Why are some of the biggest names in the corporate world unloading stock like there is no tomorrow, and why are some of the most prominent investors on Wall Street loudly warning about the possibility of a market crash? Should we be alarmed that the big dogs on Wall Street are starting to get very nervous?

In a previous article, I got very excited about a report that indicated that corporate insiders were selling nine times more of their own shares than they were buying. Well, according to a brand new Bloomberg article, insider sales of stock have outnumbered insider purchases of stock by a ratio of twelve to one over the past three months. That is highly unusual. And right now some of the most respected investors in the financial world are ringing the alarm bells.

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

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02/27/2013 05:10 PM
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The U.S.-EU Free Trade Deal: Foundation for a New Global Economic Order
By Dana Gabriel
February 27, 2013

The U.S. and EU have agreed to launch negotiations on what would be the world’s largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year.

A US-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.

See more at: [link to www.globalresearch.ca]
Marxist

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02/27/2013 11:36 PM
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The U.S.-EU Free Trade Deal: Foundation for a New Global Economic Order
By Dana Gabriel
February 27, 2013

The U.S. and EU have agreed to launch negotiations on what would be the world’s largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year.

A US-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.

See more at: [link to www.globalresearch.ca]
 Quoting: RoXY


This is the next stage in the full implementation of free trade worldwide. The stage beyond that will be the absorption of Asia and then finally, the rest of the planet. Regionalist issues tend to drive these expansions by stages as perceptions of what constitutes homogenous regions change.

Last Edited by Marxist on 02/28/2013 12:10 AM
Workers of the World, Unite. You have nothing to lose but your chains!
RoXY (OP)

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02/28/2013 06:56 PM
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US Treasury Bonds - The Biggest Bubble In History - About to Pop
Jeff Berwick
Wednesday, February 27, 2013
Activist Post

The US Treasury Bond market is the longest unbroken bull market known to the financial world. For more than 30 years it has trended higher in nominal US dollar terms.

Of course, it has been helped greatly by price fixed and market fixed, Ben Bernanke, who has now bought up more Treasuries, by far, than any other identifiable group, but didn't pay for them out of production; he just did it with the pressing of a button, using a pretty fat finger!

See more at: [link to www.activistpost.com]
RoXY (OP)

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03/04/2013 07:40 PM
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The Missing US Economic Recovery
By Dr. Paul Craig Roberts
March 04, 2013
paulcraigroberts.org

Officially, since June 2009 the US economy has been undergoing an economic recovery from the December 2007 recession. But where is this recovery? I cannot find it, and neither can millions of unemployed Americans.

The recovery exists only in the official measure of real GDP, which is deflated by an understated measure of inflation, and in the U.3 measure of the unemployment rate, which is declining because it does not count discouraged job seekers who have given up looking for a job.

No other data series indicates an economic recovery. Neither real retail sales nor housing starts, consumer confidence, payroll employment, or average weekly earnings indicate economic recovery.

Neither does the Federal Reserve’s monetary policy. The Fed’s expansive monetary policy of bond purchases to maintain negative real interest rates continues 3.5 years into the recovery. Of course, the reason for the Fed’s negative interest rates is not to boost the economy but to boost asset values on the books of “banks too big to fail.”

The low interest rates raise the prices of the mortgage-backed derivatives and other debt-related assets on the banks’ balance sheets at the expense of interest income for retirees on their savings accounts, money market funds, and Treasury bonds.

Despite recovery’s absence and the lack of job opportunities for Americans, Republicans in Congress are sponsoring bills to enlarge the number of foreigners that corporations can bring in on work visas. The large corporations claim that they cannot find enough skilled Americans. This is one of the most transparent of the constant stream of lies that we are told.

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

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03/06/2013 08:50 PM
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The Stock Market Bonanza
By Barry Grey
March 06, 2013

Tuesday, four days after President Barack Obama signed the budget sequestration order unleashing brutal cuts in social programs, there was general jubilation in the media as the Dow Jones Industrial Average crashed through its previous high, dating from 2007.

The intervening period has been an unmitigated disaster for the vast bulk of humanity, including the broad mass of working people in the United States. The signs of social decay and suffering are everywhere. Unemployment remains at near-Depression levels. Poverty, hunger and homelessness continue to rise. Those workers with a job are working harder and longer than ever for lower wages and fewer benefits. The buying power of the wages of newly hired autoworkers is at or below the levels that prevailed in the 1930s.

Thousands of schools have been closed, hundreds of thousands of teachers laid off, and the public education system gutted to make way for for-profit charter schools.

Detroit, once a thriving metropolis and center of the world auto industry, has been turned into an impoverished and desolate city whose inhabitants face Third World conditions. It is about to be placed under a bankers’ dictatorship and very likely thrown into bankruptcy.

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

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03/08/2013 01:27 AM
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Corporatism: A System Of Control Designed By The Monopoly Men Of The Global Elite
Michael Snyder
Wednesday, March 6, 2013
Activist Post

The Dow is at a record high and so are corporate profits - so why does it feel like most of the country is deeply suffering right now? Real household income is the lowest that it has been in a decade, poverty is absolutely soaring, 47 million Americans are on food stamps and the middle class is being systematically destroyed. How can big corporations be doing so well while most American families are having such a hard time? Isn't their wealth supposed to "trickle down" to the rest of us?

Unfortunately, that is not how the real world works. Today, most big corporations are trying to minimize the number of "expensive" American workers on their payrolls as much as they can. If the big corporation that is employing you can figure out a way to replace you with a worker in China or with a robot, it will probably do it. Corporations are in existence to maximize wealth for their shareholders, and most of the time the largest corporations are dominated by the monopoly men of the global elite.

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

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03/10/2013 03:43 AM
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The International Monetary System & The Future Of Money
A MIND BLOWING lecture by Shiekh (not Sheikh) Imran Hosein on the how & why of the inevitable collapse of the dollar and the paper money system.

If you - like me, are not into (organized) religion, you should skip the first 10 minutes and start the video at 10:30.

I PROMISE YOU, IT WILL PLEASANTLY ENLIGHTEN & BRIGHTEN YOU!

(And of course, when you're not completely satisfied - but you will be, a refund of your valuable time is guaranteed under the GLP No Nonsense Act of 1876)


[link to www.youtube.com]
RoXY (OP)

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03/11/2013 04:22 PM
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How Hemp Threatens the Corporatocracy


[link to www.youtube.com]
RoXY (OP)

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03/11/2013 08:59 PM
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Systemic Economic Collapse: A Brief History of Market Manipulation


[link to www.youtube.com]



How the Markets Are Manipulated
by James Corbett
GRTV.ca
March 6, 2013

In the age of quantitative easing and overt government intervention in the economy, it’s impossible to trust any of the economic statistics that we are being shown as indicators of the supposed health of our economy. Whether it is GDP numbers, manufacturing data, inflation statistics or housing figures, all of the macroeconomic data that drives the financial news agenda are manipulated to suit the propagandistic purposes of the government and the central bankers.

A striking case in point presented itself late last year when Ben Bernanke and the Federal Reserve announced they were tying the latest round of quantitative easing not to a set period of time or set amount of funds, but to an unemployment rate target. The move puzzled many analysts at the time, as the unemployment rate has never been within the mandate of the Federal Reserve. In fact, the privately owned central bank doesn’t even possess a direct mechanism for influencing the number.

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

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03/16/2013 11:30 AM
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A Financial Dictator for Detroit
By Joseph Kishore - Global Research,
March 15, 2013

With the appointment of an emergency manager on Thursday, Detroit became the largest city in US history to be taken over by the state government. The new manager, bankruptcy lawyer Kevin Orr, will have vast powers and one essential task: to carry out a brutal assault on the jobs and living conditions of the working class.

What is taking place in Detroit has national and international significance. The Financial Times of London cited one person involved in the discussions on the imposition of a financial manager as saying, “This will be the best case study of what it means to restructure a city.” In an editorial, the newspaper called for “radical — and unpopular — action” to address Detroit’s financial woes, a position shared by virtually every mass circulation newspaper in the US.

The “restructuring” of Detroit is a euphemism for a slash and burn policy of destroying city jobs, cutting wages and pensions, gutting social services from sanitation and firefighting to health care and education, and handing over city assets to private bankers and speculators. The very social forces responsible for the city’s present state are utilizing the crisis of their own making to step up their plundering of public resources and further redistribute the wealth from the bottom to the top.

Exhibiting the ruthlessness that is a hallmark of American capitalism, the ruling class, in the pursuit of its program of social counterrevolution, is dispensing with the trappings of democracy and imposing a bankers’ dictatorship over the city.

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

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03/16/2013 11:39 AM
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Ireland’s Home Mortgage Crisis: No Debt Relief - The Destruction of Savings and Pensions
By Caoimhghin Ó Croidheáin
March 15, 2013

We are living in a society where the combination of fractional-reserve banking (lending out multiples of deposits) helped along by quantitative easing (printing almost unlimited quantities of money) based on fiat currencies (money without intrinsic value) has created exponential growth for the world’s financial elites. This led to unprecedented bubbles in the property market as banks made it easy for people to borrow more money than they would have been allowed in the past when a conservative banker guideline for a home buyer was to have a two to two and a half times mortgage-to-salary ratio.

In contrast to these methods for almost unlimited sources of (false) wealth conjured up by financial elites, workers (borrowers) have only one source – wages – which are going into decline due to government cutbacks and increased taxes. Yet despite this obvious anomaly, whereby the banks get bailouts with even more money, borrowers are expected to pay back, and in full, under threat of repossession, every single cent of the flawed money lent to them to pay exorbitant house prices inflated by excessive lending in the first place.

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

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03/16/2013 12:01 PM
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The European Union Wants more Austerity
By Peter Schwarz
March 14, 2013

The summit attended by 27 leaders of the European Union in Brussels tonight resembles a besieged fortress. Several of the participants are on their way out of office because the massive opposition to the austerity measures of the European Union has stripped away their electoral base.

Italy will be represented by Mario Monti, who officially resigned in December and suffered a severe defeat in the recent Italian election. The prime ministers of Romania, Bulgaria and Slovenia have been ejected from office by mass protests; as in the case of Monti they are only leading caretaker governments.

The governments of Portugal, Spain and Greece confront mass protests and strikes on almost a daily basis. In addition, the Spanish government of Mariano Rajoy has been undermined by a corruption scandal. The popularity of French President François Hollande has slumped since his election in May from 55 to 30 percent — a historic record.

Under these conditions, the EU Commission, in close cooperation with the German government, is trying hard to pledge the assembled leaders to continue their devastating austerity policies. Otherwise they fear the collapse of the single currency and the European Union itself.

CONTINUE: [link to www.globalresearch.ca]

RoXY (OP)

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03/18/2013 04:21 PM
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Gold Rises, Dollar Rises, Stocks Fall: The Cyprus Disaster Begins
by Gary North
March 18, 2013

Gold rose on the news from Europe. Stock markets plunged around the world. So did the price of oil.

Over the weekend, Euro-zone bureaucrats at a closed meeting came up with a plan. The committee demanded that the government of Cyprus impose a tax of 6.7% on all bank accounts under $130,000, and close to 10% on all accounts over $130,000. If the government refuses, the Euro-zone will not provide a $13 billion bailout for the banks of Cyprus.

The story is all over the European press, for good reason. The Eurocrats had always said that bank accounts would be sacrosanct. This announcement says, “We lied.” But they also assured depositors that this will never happen again. “Trust us.”

Read more: [link to teapartyeconomist.com]

RoXY (OP)

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03/18/2013 04:32 PM
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After The Banksters Steal Money From Bank Accounts In Cyprus They Will Start Doing It EVERYWHERE
Michael Snyder
Monday, March 18, 2013
Activist Post

Cyprus is a beta test. The banksters are trying to commit bank robbery in broad daylight, and they are eager to see if the rest of the world will let them get away with it. Cyprus was probably chosen because it is very small (therefore nobody will care too much about it) and because there is a lot of foreign (i.e. Russian) money parked there. The IMF and the EU could have easily bailed out Cyprus without any trouble whatsoever, but they purposely decided not to do that. Instead, they decided that this would be a great time to test the idea of a "wealth tax".

The government of Cyprus was given two options by the IMF and the EU - either they could confiscate money from private bank accounts or they could leave the eurozone. Apparently this was presented as a "take it or leave it" proposition, and many are using the world "blackmail" to describe what has happened. Sadly, this decision is going to set a very ominous precedent for the future and it is going to have ripple effects far beyond Cyprus.

CONTINUE: [link to www.activistpost.com]


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