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Tens of thousands protest against cuts in Madrid

AFP June 19, 2011 Tens of thousands of protesters flooded the streets of Madrid Sunday blaming bankers and politicians for causing a financial crisis that forced the country to adopt painful spending cuts. Demonstrators of all ages linked to a protest movement called the “indignants” assembled early Sunday in several neighbourhoods on the outskirts of Madrid. They then formed six columns and converged on the city centre, gathering near ...Read full article...

Consolidating US Money Power: The Four Horsemen of Global Banking

By Dean Henderson Global Research May 25, 2011 If you want to know where the true power center of the world lies, follow the money – cui bono.  According to Global Finance magazine, as of 2010 the world’s five biggest banks are all based in Rothschild fiefdoms UK and France. They are the French BNP ($3 trillion in assets), Royal Bank of Scotland ($2.7 trillion), the UK-based HSBC Holdings ...Read full article...

In their own words: “Banks are Government Sponsored Entities”

Reuters April 12, 2011 Big banks like Bank of America Corp and Citigroup Inc should be reclassified as government-sponsored entities and have their activities restricted, a senior Fed official said on Tuesday. The 2008 bank bailouts at the height of the financial crisis and other implicit guarantees effectively make the largest U.S. banks government-guaranteed enterprises, like mortgage finance companies Fannie Mae and Freddie Mac, said Kansas City Fed President ...Read full article...

Reaping What Bretton Woods Has Sown

The International Forecaster April 2, 2011 The seeds of today’s monetary problems were laid at Bretton Woods, NH in 1944, as a combination of socialists, communists and fascists laid the groundwork for the IMF, the World Bank and the eventual elimination of gold from the monetary world. The Federal Reserve’s role was to bring that about from behind the scenes. In the intervening years in order to move toward ...Read full article...

IMF calls for Alternative Reserve Currency, Again

CNNMoney February 11, 2011 The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency. The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system. SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange ...Read full article...

In the U.S. Banks repossessed 1 million homes in 2010

AFP The bleakest year in foreclosure crisis has only just begun. Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they struggle with job losses and loans worth more than their home’s value, industry analysts forecast. “2011 is ...Read full article...

Is 2011 the Year of the Bank Run?

CNN Money Some market watchers say yes, pointing ominously to the torrents of money pouring out of Ireland. Irish bank deposits declined in November for the fourth straight month, the central bank said last week. Overseas deposits fled the country at their fastest pace in more than a year. The deposit flight compounds the stress on a financial system whose massive property-lending losses already have driven the government to accept an ...Read full article...

The second debt storm

Who will bail out the countries that bailed out the world’s corporations? Market Watch The debt mountain that brought down some of the world’s biggest banks and dragged the international financial system to the brink of disaster has simply shifted to governments. Now it’s threatening countries around the globe — and, if left unchecked, could rip the very fabric of Europe’s economic system and wreck economic recoveries in the ...Read full article...

Why is Rahm Emanuel Defending the Federal Reserve?

RT President Barack Obama’s campaign pledge was to defend the little guy. So why is Rahm Emanuel, the White House Chief of Staff,against auditing the Federal Reserve Bank? Long before the financial crisis of 2007 crashed across the planet, a soft-spoken Congressman from Texas was leading a one-man campaign that would force the Federal Reserve Bank to crack open its dusty books for an annual public inspection. Ron Paul, ...Read full article...

The Geopolitical Hegemony of the Anglo-Saxon Empire in Latin America

The Military Presence to Maintain Neo-colonialism, Instability and Poverty by Luis R. Miranda The Real Agenda May 1, 2010 By obtaining its independence, the colonies were preparing for what will inevitably come: the road to development and modernization. Many countries, was suggested, would be developed quickly; politically and economically. But these nations soon realized the sad reality. The dream would not be realized. Underdevelopment in Latin America found strong ...Read full article...

Bankrupt, United States ‘sells’ its Infrastructure

Danish, Australian and Spanish Companies Pay Pennies on the Dollar for Infrastructure By Luis R. Miranda The Real Agenda April 27, 2007 If you are a commuter who drives in and out of New York City, or maybe on Indiana highways chances are you’ve heard about local banking enterprises advising state and local governments on selling their transportation system to foreign conglomerates and making a buck in the process. ...Read full article...

Mass Media and Army Lunacy: Grow Opium to avoid War

By Luis R. Miranda The Real Agenda Opium production used to be down to almost zero.  After the U.S. and England invaded Afghanistan, the production picked up exponentially to a point where it results in a profit of around $500 billion.  So growing it there and bringing it here is fine, but it is not OK for people to sell it and use it at home.  What kind of ...Read full article...

Illegal drug money saved banks during global finance disaster

NaturalNews.com Billions of dollars from the illegal drug business was the only thing that kept the global financial system from collapsing at the height of the banking crisis just over a year ago, according to the head of the U.N. Office on Drugs and Crime. “In many instances, the money from drugs was the only liquid investment capital,” Antonio Maria Costa said. “In the second half of 2008, liquidity ...Read full article...

It’s Spain’s Time to Try to Dodge the Bullet

FT Fears that Greek debt crisis will spread to other eurozone nations intensified on Wednesday when Spain suffered a debt downgrade from Standard & Poor’s, sending the euro to fresh lows against the dollar. The downgrade, by one notch from AA plus to AA, dealt a blow to Spain’s frantic efforts to avoid contagion from Greece and followed S&P downgrades this week of Greece and Portugal. As financial markets ...Read full article...

The Economic Recovery Is Moving Along Quite Well – For The Boys Down On Wall Street

TheEconomicCollapseBlog.com If you are part of the Wall Street establishment, the economic recovery is moving along quite well.  Many of the biggest firms on Wall Street just handed out record-setting bonuses, the Stock Market has been moving up steadily and the DOW is back up to around 11,000.  Profits at the top banks have been quite impressive lately.  Bank of America, JPMorgan Chase, Citigroup and Wells Fargo combined for first quarter profits ...Read full article...
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