Max Keiser said we have entered Phase II of the Global Crisis which can also be called Currency Wars. He said we can expect wild swings in the value of currencies which could include gold. As I have said before, we are in the final phase of a long term credit cycle.
Why Is All This Happening? It’s the War Between Bankers The world is run by bankers and lawyers. They do not know how to make things people would buy. They have bled us dry and now the only way they can make money is to blow up other banks and to steal their assets sending the bill to the taxpayers. As the real economy unwinds, the vultures are now circling around Bank of America, Wells Fargo and Citibank. Who knows what will happen next?
Video: Darryl Ratigan Dissects TARP Repayments The bankers want to cash in at least one more bonus after which who the hell cares. That means the dollar will not crash until after the bonuses are paid in January.
Moody’s warns of 'social unrest’ as sovereign debt spirals
Britain and other countries with fast-rising government debts must steel themselves for a year in which “social and political cohesiveness” is tested, Moody’s warned.
Compare that to Australia whose unemployment rate dropped to 5.7% due to growth in mining exports to Asia. Max Keiser said this means Peter Schiff was right and that Asia would decouple from the dollar and concentrate on new internal markets and with non- American foreign trade. That is bad news for the dollar and our paychecks and pensions.
A World Crisis No Bailout Can Stop Sometimes, a bailout is not enough. Over the past year, governments around the world have printed money, and done little else, except to provide daily lip service and commentary. The contagion has been lying dormant and will become an epidemic.
Fannie Freddie May Need Another $400 Billion Taxpayer Assistance This might be why they only are seeking a 300 billion dollar rise in the debt limit. The addition of Fannie Mae is off budget so that previous proposed increase of 1.9 trillion would not last until November of 2010. A crisis would allow them (or so they think) to ask for a much bigger debt ceiling increase in late January.
Wells Fargo Opening Delayed On NYSE, Traders Scramble Warren Buffett owns Wells Fargo. He has been sucking at the Bailout trough. He also introduced Arnold Schwarzenegger to Lord Jacob Rothschild prior to Arnold's run for governor so his bank might not be a victim of a vulture attack early in 2010. Buffett has the most clout and Bank of America has the least.
Democrats propose $50B for jobs-boosting projects almost half of this money will go to the teachers union. The Dems do not care that the rest of us have a 17.2% unemployment rate. I can prove this by the following: Obama Moves on Amnesty Adding 20,000,000 to 30,000,000 people to a nation with gigantic deficits and a 17.2% unemployment rate on the verge of a Second Great Depression is a recipe for disaster.
I can only conclude that the persons on Wall Street who have been pushing Amnesty for Illegal Aliens want to destroy America with a race war.
UK ponders law change after Tzipi Livni arrest warrant. That this will legalize war crimes is of no concern to New Labour
Video: Interview with Salam Kanaan in Ni'lin Salam Kanaan is the 17 year old who filmed the shooting of Ashraf Abu Rahma, a bound and blindfolded Palestinian prisoner, in Ni'lin in July 2008. Sad but inspiring
Why is Democracy Now shielding “war for oil” against reality? All of our wars since 1913 have been for the banks and for Israel. Democracy Now is a Gatekeeper of the Left and does not want you to know that we did not invade Iraq for oil which can only mean we killed one million Iraqis for Israel.
US to drill Iranian attack scenario
US joblessness cripples Americans: poll With unemployment driving foreclosures nationwide, a quarter of those polled said they had either lost their home or been threatened with foreclosure or eviction for not paying their mortgage or rent.
‘This isn’t the Britain we fought for,’ say the ‘unknown warriors’ of WWII Bankers are a world wide curse.
The Globalizer Who Came In From the Cold This is a classic article which describes Nobel Prize winning economist Joseph Stiglitz's confession that the IMF had developed books detailing a plan of attack on every undeveloped nation. When I first read this, I immediately compared it to a military plan of invasion. And then I thought that Japan, England and America were on this list too. Please consider sharing and saving this article.
Israeli Border security guards kill -- literally kill -- a MacBook
Photo at link.
Video Climategate : Lord Monckton questions Greenpeace Part 2
Over 275,000 Federal Workers Are Tax Deadbeats Over 276,000 federal workers and retirees owed more than $3 billion in back income taxes in 2008 (up from $2.7 billion owed in 2007).
To Congress: Your Loan Has Been Called
The Real Reason Behind The Copenhagen Walk-Out third world nations are already laboring under skyrocketing food prices caused by climate change policies. This has led to millions of people starving to death because the cost of even the most basic staple foods has spiraled beyond their means. In places like Haiti, people who were scraping a living on mud pies now cannot afford them and are dying in droves.
Video: The 12 Months Of Default (Christmas Song)
Is Horse Estrogen For Women A Good Idea?
Chuck Norris: Obama Should Be Impeached If He Tries To Enforce Copenhagen Agreement
Gaza Horror: Updated Large Photo Gallery of Gaza Massacre by Israel
Large photo gallery of Israeli atrocities. Please share.
Gulf petro-powers to launch currency in latest threat to dollar hegemony Note that they cannot agree on a location for the bank's headquarters. Also note that most Gulf states are opposed to attacking Iran. But Bob Chapman said last night on RBN that he was told by a Mideast subscriber that Saudi Arabia, Israel and the US have signed on to an attack on Iran in the first half of 2010.
Bob Chapman also said that the value of the losses on gold shorts could be up to 300 billion dollars. He said the problem is that they have no gold to deliver so they have to make up their paper losses with paper money from the taxpayers. He said the problem is that there is a time limit on these short sales so that gold could go back up soon.
American fascism: Obama, "Justice" Dept., Supreme Court prevent prosecution of US torture
NHS maternity services in meltdown: A former midwife reveals how understaffed wards are sinking into chaos. Mothers drugged to keep them quiet...
Howard Dean: “Kill The Senate Bill” denouncing it as “the collapse of health care reform in the United States Senate,”
Schwarzenegger: Congress Must Rethink Health Care Legislation
The Senate bill would bankrupt half of the states and force cuts in other services on the rest of the states. It would require the states to spend billions of dollars they do not have. Dem governors of New Mexico and Tennessee also oppose this bill. Arnold objects to adding 3 billion dollars to a 20 billion dollar deficit.
Obama's "Cash for Caulkers" Yet Another Clunk Idea President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy. Fraud 100% Guaranteed Kreutzer: "Any program that is going to run through a third party and is going to distribute billions of dollars needs to have lots of checks and balances to make sure there's not abuse."
Pittsburgh Ponders "Fair Share" Tuition Tax To Fund Pensions The mayor of Pittsburgh calls it the “Fair Share Tax.” But to officials at the city’s 10 colleges and universities and many of their 100,000 students, it is anything but.
American trade unionists call for Israel boycott
Cheques likely to be abolished [UK]
Treasury Handed Out $38 Billon Tax Exemption? The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of Citigroup and a few other companies partially owned by the government.
Tools For The Trader… Learn how Market Club works with this online free video. Max Keiser likes this site. It helps the new trader learn how to analyze markets.
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