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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, 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 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 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 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 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 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 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 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 Read full article...
