Posts In Category Finance and Corruption
2008 Financial Collapse: The Greatest Calamity The World Has Ever Known
on Yesterday by NW0.eu in Finance and Corruption, Comments (0)
The year is 2010 and to anyone not in denial, the industrialized nations have entered the greatest calamity the world has ever known:
- 35 Million Americans on Food Stamps: 12 Percent of U.S. Population on Food Stamps Highest Since Records Kept in 1969, and that’s before the Obama administration announced a planned three-year budget freeze on government discretionary spending. (My Budget 360)
- 18 Million empty houses in the United States and 39 million Americans who are no longer working or looking for work, and that’s before Federal Reserve finishes rewriting the rules of American “capitalism” as US Housing, the Automobile Industry and the American Dream are dismantled. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)
“There are now well over 150 million Americans who feel stress over these things on a…
Federal Regulator Weighs Making Black Boxes Mandatory For All Vehicles
on by NW0.eu in Finance and Corruption, Comments (0)
National Highway Traffic Safety Administration chief David Strickland told a congressional hearing on Thursday that the regulator is considering whether to make “black boxes” mandatory for all new vehicles.
Lehman Brothers’ chiefs concealed losses with accounting ‘gimmick’ days before $700billion collapse
on by NW0.eu in Finance and Corruption, Comments (0)
Lehman Brothers used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008 with more than $700 billion (£461 billion) in assets, an official investigation has found.
Adrian Douglas: If Your Gold is at An LBMA Bank, You May Be Just an Unsecured Creditor
on by NW0.eu in Finance and Corruption, Comments (0)
‘I estimate that as much as 50,000 tonnes of gold have been sold that do not exist. That is equivalent of all the gold reserves in the world that are yet to be mined — or, put another way, 25 years of gold production.
That is the granddaddy of all short positions.
The fractional reserve operation of the LBMA is likely to be the next Madoff scandal, except multiplied by 100 — a $5 trillion fraud as opposed to a $50 billion fraud.’
Read more: Adrian Douglas: If Your Gold is at An LBMA Bank, You May Be Just an Unsecured Creditor
The United States of Foreclosures
on 11/03/2010 (2 days ago) by NW0.eu in Finance and Corruption, Comments (0)
Foreclosures Are Rising And Not Just Homeowners Are Affected: A Haitian Family Loses Island Home In Earthquake, NY Home in “Bankquake”
The financial crisis started as a housing bubble with the financial industry convinced that home values never fall. How wrong they were even as they leveraged and securitized their investments to create a global crisis.
Now brace yourself, because not only isn’t it over until it’s over, but in some respects it’s only just begun. There will be more foreclosures this year than last and as a result more suffering for American families
Ed Harrison who monitors this industry for a website called Credit Write Downs sees a “second wave coming”—like a new tsunami in a industry that All of Obama’s horses and all of Obama’s men have not been able to…
US budget deficit hits record high in February
on by NW0.eu in Finance and Corruption, Comments (0)
The US government registered a record budget deficit in February, the 17th consecutive month of running in the red, the Treasury said Wednesday.
Pondering Our Collapse While We Watch Others Fall
on by NW0.eu in Finance and Corruption, Comments (0)
Every important factor we see is working against the dollar and we believe that trend is irreversible. That means the present dollar rally probably cannot endure and it could well be the time to short the USDX.
Treasury Plans to Take Social Security from Elderly for Unpaid Loans
on by NW0.eu in Finance and Corruption, Comments (0)
‘A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.
Social Security benefits are off–limits to creditors, such as credit–card companies and banks. But the U.S. can collect debts to federal agencies by “offsetting,” or withholding Social Security and disability payments.
The Treasury currently withholds benefits of 3.1 million Social Security recipients to recover defaulted student–, farm– and small–business loans, unpaid income taxes, amounts veterans owe for health care, and other debts to the government.’
Read more: Treasury Plans to Take Social Security from Elderly for Unpaid Loans
A New EU treaty? I See Trouble Ahead
on by NW0.eu in Finance and Corruption, Comments (0)
‘So, Angela Merkel says a new European Union bailout fund would require changes to existing EU treaties. Now, I might be getting a bit excitable here, but I think this could be cause serious headaches for both Labour and Conservatives alike.
Start with the technical stuff. The reason Mrs Merkel is talking about treaty change is that the Treaty on the European Union (Maastricht, to you and me) both allows the creation of a single European currency, and forbids one member-state bailing out another. So if the EU is create its own European Monetary Fund to save Greece (and whichever member goes bad after Greece) then the treaty must change. So far, so good.
But hang on: when the Lisbon Treaty was ratified by the UK (yes, without a referendum), the Prime Minister promised that there would be no more institutional changes in Europe for up to a decade. He made the pledge several times, including in the Commons.’
Virginia Hands Out 6996 Traffic Tickets In One Weekend In An Effort To Raise Revenue For The State Government
on by NW0.eu in Finance and Corruption, Police State, Comments (0)
‘Last Saturday and Sunday state troopers were ordered to absolutely saturate Interstate 95 and Interstate 81 and to issue as many traffic tickets as humanly possible during those two days. Why? Well, it turns out that the state of Virginia has a 2.2 billion dollar budget deficit that they are trying to deal with, and so they need to find some quick sources of cash.’
Working For Walmart
on by NW0.eu in Finance and Corruption, Comments (0)
Outside the Wal-Mart in Orland Hills, IL, by Clean Wal-Mart.
Kevin Robinson writes on Chicagoist:
As part of our on-going coverage of Wal-Mart’s attempt to break into the Chicago retail market, we take a look this week at the company’s employment practices in the Chicago metropolitan area. Chicagoist met up with three Wal-Mart employees to talk to them about their jobs, company policy, and why they work there.
Roslyn Lindfair also knows what it’s like to be hurt on the job at Wal-Mart. She worked at the Cary, Illinois store for five years as a cashier before she was fired after her arm got caught in a turnstile.
“It was maybe about 7:30, I was ringing up a customer, and she was turning the turnstile one way, and I was turning another way. And…
Gerald Celente : Obama is just another Bush , he out bushed Bush many times over
on by NW0.eu in Finance and Corruption, Comments (0)
Gerald Celente : This is a global Catastrophy the Calamity is happening and people that are not Neo survivalist are the ones that are going to suffer the most
Gerald Celente predicts $2,000 an Ounce Gold
Gary Cubeta interviews Gerald Celente as he predicts Gold $2000 Gerald Celente on 57GOLD RADIO
… Gerald Celente also discusses his recent trip to Chile and survival of an 8.8 earthquake …
” There was an earthquake in the economy , all the floors are shifted , there is not a level floor in the whole joint , what you gonna for it : paper over it ? it is ruined , and that’s what’s going on with the economy , it hit by an earthquake and they are just papering over it , they are making it as though it is still being held up but it is not , it is only being held up by a facade , and that facade is ready to crack ” Says Gerald Celente,,,this is a perfect scenario of an empire decline……
Gerald Celente is a respected media commentator on business and consumer trends in the US, and publisher of The Trends Journal. His presentation aims to help exporters understand the key global niche markets they should be designing new products and services for, and signal what the key business and consumer trends will be. The Trends Research Institute is on record as accurately forecasting many major social, economic and political trends. such as the dot.com crash, the rise of gourmet coffees and organic foods. They are currently predicting a rise in ‘simplicity hip’ for the average US family with downsizing in cars,houses and extravagances but a strong requirement for quality products that reflect personal styles and which are simple, reliable and can be repaired – not trashed – when broken.
Trends Expert Gerald Celente is also known as Dr Doom and the Nostradamus of Modern Times , Gerald Celente is regarded as one of the foremost trend predictors in the world. This author of Trends 2000 and Trend Tracking, and publisher of The Trends Journal, is frequently a guest on television news and talk show programs. The New York Post said “if Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.” Subscribe to the Trends Journal >>>
Following are Gerald Celente’s Forecasts for 2010: · The Crash of 2010: The Bailout Bubble is about to burst. Be prepared for the onset of the Greatest Depression. · Depression Uplift: The pursuit of elegance and affordable sophistication will raise spirits and profits. · Terrorism 2010: Years of war in Afghanistan and Iraq and now Pakistan have intensified anti-American sentiment. 2010 will be the year of the lone-wolf, self-radicalized gunman. · Neo-Survivalism: A new breed of survivalist is devising ingenious stratagems to beat the crumbling system. And, they’re not all heading for the hills with AK-47’s and pork & beans. · Not Welcome Here: Fueled by fear and resentment, a global anti-immigration trend will gather force and serve as a major plank in building a new political party in the US. · TB or Not TB: With two-thirds of Americans Too Big (TB) for their own good (and everyone else’s), 2010 will mark the outbreak of a “War on Fat,” providing a ton of business opportunities. · Mothers of Invention: Taking off with the speed of the Internet revolution, “Technology for the Poor” will be a major trend in 2010, providing products and services for newly downscaled Western consumers and impoverished consumers everywhere. · Not Made In China: A “Buy Local,” “My Country First” protectionist backlash will deliver a big “No” to unrestrained globalism and open solid niches for local and domestic manufacturers. · The Next Big Thing: Just as the traditional print media (newspapers/magazines) were scooped by Internet competition, so too will new communication technologies herald the end of the TV networks as we know them.
EU Approves Tax On Financial Transactions To Be Paid Directly To Brussels
on 10/03/2010 (3 days ago) by NW0.eu in Finance and Corruption, Politics, Comments (0)
As predicted, the European Parliament has voted for a tax on financial transactions, to be levied directly by Brussels.
Green pressure groups get €66 million from the EU
on by NW0.eu in Finance and Corruption, Comments (0)
Have you ever wondered why the eco-lobby is so pro-EU? Now you have your answer.
Economic Warfare? Europe versus Wall Street
on by NW0.eu in Finance and Corruption, Comments (0)
Michael Collins
(March 10) Wall Streets is headed toward international pariah status thanks to two recent actions by the European Union (EU).
On Tuesday, the EU announced that it was banning Wall Street banks from the lucrative government bond business in Europe. They didn’t express official concern or fire off a warning shot. They simply banned Wall [...]
