Page 1

From David – 06 September 2012 is still “down” it seems, so may I suggest that of you want to find out what is REALLY going on, then go to: - I gleaned the following collection of articles from there! You could also visit: and For anyone who might still be hoping that “it will all just go away” or “everything will work out, don't worry”, then the following should correct that error in thinking! When even your “rulers” are telling you you should worry (and they should know, because they created the problem and the situation in the first place), then you SHOULD worry! Read on and see “if these things be so” or not... (These are in no particular order, and any one of them on their own should “set off alarm bells”!)

Barclays makes £500m betting on food crisis POSTED BY THEA


Outrage as bank revealed to be major speculator while millions face starvation

Barclays has made as much as half a billion pounds in two years from speculating on food staples such as wheat and soya, prompting allegations that banks are profiting handsomely from the global food crisis. Barclays is the UK bank with the greatest involvement in food commodity trading and is one of the three biggest global players, along with the US banking giants Goldman Sachs and Morgan Stanley, research from the World Development Movement points out. Last week the trading giant Glencore was attacked for describing the global food crisis and price rises as a “good” business opportunity. The extent of Barclays’ involvement in food speculation comes to light as new figures from the World Bank show that global food prices hit an all-time high in July, with poor harvests in the US and Russia pushing up the average worldwide cost of staples by an unprecedented 10 per cent in a month. The extent of just one bank’s involvement in agricultural markets will add to concerns that food speculation could help push basic prices so high that they trigger a wave of riots in the world’s poorest countries, as staples drift out of their populations’ reach. Read full artilce The following article sheds more light on how the changes in regulations effected and what might be behind rising food prices: The Egyptian Tinderbox: How Banks and Investors Are Starving the Third World (From the article) In a revealing July 2010 report in Harper’s Magazine titled “The Food Bubble: How Wall Street Starved Millions and Got Away with It,” Frederick Kaufman wrote: The history of food took an ominous turn in 1991, at a time when no one was paying much attention. That was the year Goldman Sachs decided our daily bread might make an excellent investment .

Robber barons, gold bugs, and financiers of every stripe had long dreamed of controlling all of something everybody needed or desired, then holding back the supply as demand drove up prices.

Audit of NY Fed Reveals Technocrat’s Creation and Cover-Up of Global Financial Crash POSTED BY JOSEPH CANDEL


for thy merchants were the great men of the earth; for by thy

sorceries were all nations deceived.” (Revelation 18:23b) The big corporations are swallowing up the little ones so they can have more control over the markets with less competition! And, of course, the bigger and more powerful and profitable they get, the more they can control governments as well. Politicians and governments come and go, as do their powers, but the power of the merchants of the world continues. As the verse says, “Thy merchants were the great men of the earth.” (Joseph Candel) Via Senator Ron Paul has introduced the Federal Reserve Transparency Act of 2012 ( HR459) to the upset of Ben Bernanke, Chairman of the Federal Reserve Bank. In August, the House of Representatives passed 327 – 98 on a vote which exceeded the necessary 2/3rd majority. Paul, who is pushing for “transparency” in America’s relationship with the Fed, said that Americans are “sick and tired of what happened in the bailout and where the wealthy got bailed out and the poor lost their jobs and they lost their homes.” The Audit legislation will direct the Government Accountability Office (GAO), which is an independent congressional agency, to oversee a full review of the Fed’s monetary policy while conducting an audit of them and their decisions will be turned over to the Federal Open Market Committee. In July, the first audit of the Federal Reserve Bank of New York (FRBNY) was published by the Government Accountability Office (GAO). According to Senator Bernie Sanders : “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world. This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.” During 2007 – 2010, the Federal Reserve banks provided “assistance” of more than a trillion dollars in “emergency loans” to stabilize the financial system. A source in the Deutsche Bank explained that in 2008 our financial and monetary system completely collapsed and since that time the banking cartels have been “propping up the system” to make it appear as if everything was fine. In reality our stock market and monetary systems are fake; meaning that there is nothing holding them in place except the illusion that they have stabilized since the Stock Market Crash nearly 5 years ago.

The Deutsche Bank informant says that the cause for the bailout of the banks was a large sum of cash needed quickly to repay China who had purchased large quantities of mortgage-backed securities that went belly-up when the global scam was realized. When China realized that they had been duped into buying worthless securitized loans which would never be repaid, they demanded the actual property instead. The Chinese were prepared to send their “people” to American shores to seize property as allocated to them through the securitized loan contracts. To stave this off, the American taxpayers were coerced by former President Bush and former US Treasury Secretary Hank Paulson. During that incident, the US Senate was told emphatically that they had to approve a $700 billion bailout or else martial law would be implemented immediately. That money was funneled through the Federal Reserve Bank and wired to China, as well as other countries that were demanding repayment for the fraudulent securitizations. To further avert financial catastrophe, as well as more debt or property seizure threats by the Chinese, the Euro was imploded there by plunging most of the European countries into an insurmountable free-fall for which they were never intended to recover. All the money that those banks claimed they needed to avert collapse was also sent to the Chinese to add to the trillions of dollars lost during the burst of the housing bubble on the global market. The GAO audit states that this transfer of funds from the FRBNY to the central Bank of China was an “unusual and exigent circumstance” that warranted the “emergency authority” of the FRBNY. Sanders points out that the FRBNY gave massive amounts of money to foreign banks and multi-national corporations. Sanders said: “No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president.” Under the guise of “emergency loans” waivers of banking employees and private contractors were given kickbacks. Jamie Dimon , CEO of JPMorgan Chase & Co. and member of the board of directors of the FRBNY, was given an estimated $390 billion in “aid” from the FRBNY. In kind, JPMorgan Chase was used as a money laundering institution during the mortgage-backed securities and derivatives scandal. Dimon was given his seat on the Fed’s board in 2007. He has enjoyed his position throughout the financial crisis that his and several other mega-banks have caused through irresponsible behavior on the global stock market. Senator Bernie Sanders, who has been calling for a revision of the Fed, told CNN’s Wolf Blitzer , “The conflicts of interest are so apparent that they’re laughable. Here you have the Fed, which is supposed to regulate Wall Street. Then you have the CEO of the largest Wall Street company on the board which [it] is supposed to be regulating. This is the fox guarding the henhouse.” During the “emergency loans” and special privilages given to JPMorgan Chase with the receipt of trillions of dollars at “near-zero interest rates”, Morgan Stanley was allocated a $108.4 million no-bid contract to assist in the bailout of AIG. Now, Morgan Stanley is falling apart and is classified as insolvent as stocks become worthless on the New York Stock Exchange (NYSE). They are selling off non-core assets to “reduce European exposure” to hedge funds and failing financial corporations because of their participation in the mortgage-backed securities and derivatives debacle. According to Rick Wiles : “I’m hearing rumors that another major financial house is going to implode. In fact, the name I’ve been given is Morgan Stanley . . . It’s going to be put on the sacrificial alter by the financial elite.”

Demise of the Euro: Part of a Long-term Plan for a Global “Super-currency” POSTED BY AMUNDSEN


Salbuchi via Global ResearcEfforts by European leaders to shoe-horn a range of diverse countries into a rigid financial cage are doomed to fail. But that’s all part of a long-term plan for a global super-currency which can only bring more hardship to ordinary working people. A question that more and more people are asking nowadays is, “What on Earth were the Europeans thinking when they agreed to have just one currency for all of Europe?” In Greek mythology, Procrustes was the son of Poseidon, God of the deep blue seas. He built an iron bed of a size that suited him, and then forced everybody who passed by his abode to lie on it. If the passerby was shorter than his bed, then Procrustes would stretch him, breaking bones, tendons and sinews until the victim fitted; if he was taller, then Procrustes would chop off feet and limbs until the victim was the “right” sizeP This ancient story of “one size fits all” seems to have made its 21st Century comeback when Europeans were coaxed into imposing upon themselves an oxymoron; a blatant and conceptual contradiction they call “the euro”. This common supranational currency invented by the French and Germans, boycotted by the UK, ignored by the Swiss, managed by the Germans and accepted by the rest of Europe in blissful ignorance, has finally dropped its mask to reveal its ugly face: an impossible mechanism that only serves the elite bankers but not the working people. It masked gross contradictions as large, far-reaching and varied as the relative sizes, strengths, profiles, styles, histories, econometrics, labor policies, pension plans, industries, and human and natural resources of the 17 Eurozone nations, ranging from Germany and France at one end of the scale, to Greece, Portugal and Ireland at the other. As we said in a recent article, the euro carries an expiry date; perhaps the eurocrats who were its midwives a decade ago expected that it would live a little longer, maybe even come of ageP But they certainly knew that, sooner or later, the euro would die; that it was meant to die.

Because the euro is not an end in itself, but rather a transition, a bridge, an experiment in supranational currency earmarked for replacement by a far more ambitious and powerful global currency issued by a global central bank, controlled by a cabal of global private bankers, obeying a New World Order blueprint emanating from a private Global Power Elite. The problem today is that what impacted Europe as a financial ripple effect in 2008 has now grown into a veritable financial tsunami threatening to swamp the whole euro systemP And more big trouble lies ahead! In fact, today’s euro-troubles are nothing more than one of many variations of sovereignty-troubles. Because when a country’s leaders irresponsibly cede a part or all of its sovereignty – whether monetary, political, financial, economic, judicial or military – it had better take a really good look at what it is doing and what the implications are for the medium and long term. Ceding national sovereignty means that somebody else, somewhere else, will be taking decisions based on other people’s interests. Now, as long as everyone’s interests coincide, then we are OK. But as soon as the different parties’ interests diverge, then you are confronted with a power struggle. And power struggles have one simple thing in common: the more powerful win; the weaker lose. Now, we have a huge power struggle inside the eurozone. Who do you think will win? Who will impose new policies – Germany or Greece? France or Portugal? Britain or Spain? Germany or Italy? And that is just on the public scene. You also need to look at the more subtle, less mediahighlighted private scene, which is where the real global power decisions are made. Will the new Italian PM, Mario Monti, cater for the needs of the Italian people or for the mega-bankers’ lodge sitting on the powerful Trilateral Commission of which he himself is European chairman? The same question goes for Greek president Lucas Papademos, also a Trilateral member. The same question goes for all the governments of the EU member states where the real power brokers are the major bankers, industrialists and media moguls sitting on the Trilateral, Bilderberg, World Economic Forum and Chatham House think-tanks and private lobbies. Global elites will do everything to keep the euro on its transitional path towards a global currency that will eventually replace both the euro and the US dollar. This entails engineering the controlled collapse of both currencies, whilst preparing the yellow brick road for a “Global Dollar” or some such new oxymoron. The US dollar will be easy to collapse: all that is needed is for the mainstream media to yell, “The dollar is hyper-inflated!!” and the Naked Emperor Dollar will fall swiftly. The euro, in turn, will simply break up as its member nations revert to the old days of pesetas, lire, francs, escudos and drachmasP Is the time ripe for that? Maybe notP yet. So, no doubt we will still see more “emergency treatment,” more “financial chemotherapy” to “bail out the euro” just as we’ve seen them “bail out the banks,” even though most banks and the Oxymoron Euro cannot be salvaged but just kept artificially alive, like the “Living DeadP” So, here’s a question for Greeks, Italians, Spaniards, Portuguese, Irish, even the French and Germans: will you accept the invitation by your Procrustean Leaders in Brussels to lie down on their bed?

World facing worst financial crisis in history, Bank of England Governor says POSTED BY JOSEPH CANDEL

– 2011/10/08POSTED IN: ECONOMIC CRISIS Via The Telegraph

The world is facing the worst financial crisis since at least the 1930s “if not ever”, the Governor of the Bank of England said last night. Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession. Economists said the Bank’s decision to resume its quantitative easing [QE], or asset purchase programme, showed it was increasingly fearful for the economy, and predicted more such moves ahead. Sir Mervyn said the Bank had been driven by growing signs of a global economic disaster.

“This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances, but to act calmly to this and to do the right thing.” Announcing its decision, the Bank said that the eurozone debt crisis was creating “severe strains in bank funding markets and financial markets”. The Monetary Policy Committee [MPC] also said that the inflation-driven “squeeze on households’ real incomes” and the Government’s programme of spending cuts will “continue to weigh on domestic spending” for some time to come. The “deterioration in the outlook” meant more QE was justified, the Bank said. Financial experts said the committee’s actions would be a “Titanic” disaster for pensioners, savers and workers approaching retirement. Sir Mervyn suggested that was a price worth paying to save the economy from recession. Under QE, the Bank electronically creates new money which it then uses to buy assets such as government bonds, or gilts, from banks. In theory, the banks then use the cash they gain to increase their lending to businesses and individuals. By increasing the demand for gilts, QE pushes down the interest rate yields paid to holders of these and other bonds. Critics of the policy say it pushes up inflation and drives down sterling. The National Association of Pension Funds yesterday called for urgent talks with ministers to address the negative impact of lower gilt yields on pension funds. Joanne Segars, its chief executive, said QE makes it

more expensive for employers to provide pensions and will weaken the funding of schemes as their deficits increase. “All this will put additional pressure on employers at a time when they are facing a bleak economic situation,” she said. Ros Altman, of Saga, said the latest round of QE was “a Titanic disaster” that would increase pensioner poverty. As well as fuelling inflation, she said, falling bond yields would make annuities more expensive, “giving new retirees much less pension income for their money and leaving them permanently poorer in retirement”.

We Are Staring At Economic Destruction & Soaring Inflation POSTED BY AMUNDSEN

– 2012/09/04POSTED IN: ECONOMIC CRISIS With all that’s going on in the financial world today many people wonder where things are headed and whether there is a plan behind these frightening events or the world is just drifting towards catastrophe for lack of a real solution. Exactly how things play out and which direction the economy will turn tomorrow is yet to be determined by the choices of many, but the world has been experiencing fundamental changes that signals a major step toward the Antichrist’s reign on Earth. The global elite is creating chaos so that they could offer their own solution: a one world government and a new financial system. – Joseph Candel Via

“The European Central Bank and Federal Reserve are both about to announce, this very month, an incredible assault on the Euro and the dollar” says Michael Pento, President of Pento Portfolio Strategies and Senior Market Analyst for Baltimorebased research firm Agora Financial. “This is just the beginning of rising unemployment and soaring inflation,” he cautions. Pento also let investors know how to protect themselves in the coming chaos. Here is Pento’s piece: “Central banks will do something in September that causes fiat currencies to be flushed down the toilet. It will mark the beginning of the end for money that is not backed by precious metals. The events will be a desperate and final attempt to save faltering global GDP, but it will only lead to further economic destruction and intractable inflation.” Michael Pento continues:

“The excuse being given for the upcoming assault on fiat money is the crumbling economies in Europe, which have taken down emerging markets economies as well. For example, China’s exports to the EU (17) dropped 16.2% in July, as sales to Italy plunged 26.6% from a year earlier. The stumbling world economy has sent prices for base metals like iron ore falling 33% since July, which is the lowest level since October 2009P.

“And now the nucleus of Europe, and Germany, is starting to split.

German unemployment increased five

straight months in August to reach 2.9 million. Factory orders fell 7.8% in June YOY as manufacturing output contracted further in August. And listen up all you lovers of the Phillips Curve and inflation atheists; Spain’s unemployment rate has just reached another Euro-era high of 25.1% in July. However, inflation is headed straight up, rising from 1.8% in June, to 2.7% in August. But this is just the beginning of rising unemployment and soaring inflation. Just wait until the ECB and Fed launch their attack in September. The European Central Bank and Federal Reserve are both about to announce, this very month, an incredible assault on the Euro and the dollar. The European Union said on August 31st that it proposes to grant the ECB sole authority to grant all banking licenses.

This means the ECB would be allowed to make the European Stabilization Mechanism—if sanctioned by the German courts on September 12th–a bank, which would allow them an unfettered and unlimited ability to purchase PIIGS’ debt. This is exactly what Mario Draghi meant when he said he would do “whatever it takes to save the euro.” Not to be outdone, Fed Chairman Bernanke gave a speech on the same day indicating that open-ended quantitative easing will most likely be announced on September 13th. Fed Presidents Eric Rosengren and John Williams spelled out what open-ended QE means. The Fed would print about $50 billion per month of newly created money until the unemployment rate and nominal GDP reach target levels set by the central bank. Incredibly, Mr. Bernanke said in his speech at Jackson Hole, WY that previous QEs have provided “meaningful support” for the economic recovery. He then quickly contradicted himself by saying that the recovery was “tepid” and that the economy was “far from satisfactory.” He also said, “The costs of nontraditional policies, when considered carefully, appear manageable, implying that we should not rule out the further use of such policies if economic conditions warrant.” He continued, “Pthe Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement in labor-market conditions in a context of price stability.” Mr. Bernanke actually believes he has provided the economy with price stability, despite the fact that oil prices have gone from $147 to $33 and back to $100 per barrel in the last four years—all due to Fed manipulations. Therefore, the Fed believes their attack on the dollar has helped the economic recovery and that it has been conducted with little to no negative consequences. Of course, you first have to ignore the destruction of the middle class. And incredibly, Bernanke also believes the $2 trillion worth of counterfeiting hasn’t quite been enough to bring about economic prosperity, so he’s going have to do a lot more. What the Fed and ECB don’t realize is that their infatuation with inflation, artificial low rates and debt monetization has allowed the U.S. and Europe the ability to borrow way too much money. Their debt to GDP ratios have increased to the point that these nations now stand on the brink of insolvency. And now these central banks will embark on an unprecedented money printing spree that will eventually cause investors to eschew their currencies and bonds. Therefore, they have managed to turn what would have been a severe recession in 2008, into the current depression in Southern Europe and a U.S. currency and bond market crisis circa 2015. The only good news here is that the failed global experiment in fiat currencies may be quickly coming to an end. In the interim, investors that have exposure to energy and precious metal commodities will find sanctuary.”

Another European Summit, Another Beggars At The Feast Spectacle? POSTED BY THEA


The European Union will hold yet another do-or-die summit this week. On this occasion, “growth” is the plat du jour; the allegedly missing recipe in the “plan” to save the euro. In addition, some suggest that this time is also “different” because Greece, France, Italy and Spain may now be ready to corner Germany to relax its sacrosanct fixation with austerity. This summit truly promises to be quite a gathering of beggars at a feast, no less. Billions to nowhere The outcome of previous European summits leaves little room for hope that anything substantial will be achieved this time around, except perhaps for another massive central bank intervention, as was the case after last summer’s “Marshall Plan” summit, as well as after last December’s “10 days to save the euro” meeting. In the four years since the crisis broke out, the EU cannot point to a single action, policy, or even a meaningful statement that has not been questioned later, if not completely overruled by one of its members or institutions. The only thing Europe has managed to accomplish this far is to extend its monetary union’s survival through a series of circular debt-piling rescue schemes. Precious time and billions of euros worth of bailouts into the crisis, we are now being warmed up to the next summit with the same solemn messages of urgency and hope of the past, only this time there is a new euphemism to root for: the “growth compact.”

SOROS: Eurozone Crisis Could Be Worse Than Lehman POSTED BY THEA


Legendary investor George Soros says the lack of central European authority could make this crisis worse than 2008. He tells the New York Times:

“This crisis has the potential to be a lot worse than Lehman Brothers. That is why the problem is so serious. You need a crisis to create the political will for Europe to create such an authority, but there is still no understanding as to what the authority will do.” Soros has said that Europe needs three things: a central authority, eurobonds and an exit mechanism for failing countries. Soros is bearish in general these days, predicting a new recession in the U.S. and closing his hedge fund to outside investors.

10 Countries For A United States Of Europe POSTED BY JOSEPH CANDEL


powers who help put the Antichrist in power and cooperate with him are described in further detail in Daniel 2:41-43 and Daniel 7:7-8, 20-24, Revelation 17:12-13). In Daniel 7:7, the ten-horned Antichrist kingdom grows out of the Roman beast. This seems to indicate that these ten kings, nations, or powers of the Endtime Antichrist Empire will come from the remains of the ancient Roman Empire, which ruled much of modern-day Europe. If this interpretation is correct, the European Union (EU) could have quite an important role to play in the Endtime. (Joseph Candel) Via Ten EU foreign ministers participating in a “study group for the future of Europe” aim to exert pressure to transform the EU into a federation along the lines of the US. Together they have prepared what the front-page headline in Die Presse describes as a “Plan for transformation into a European state.” On 19 June, the ten ministers presented an initial report to the EU officials who will likely benefit the most from the initiative: Commission President José Manuel Barroso, European Council President Herman Van Rompuy, European Central Bank President Mario Draghi and Eurogroup President Jean-Claude Juncker. The “study group for the future” initiated by Germany’s Guido Westerwelle, which does not currently include an official French representative, proposes to put an end to the dominance of national government leaders and give greater authority to the European Commission – in particular the European Commission president, who will be elected by universal suffrage and granted the right to form a “governmental team”, making him or her the most powerful politician in Europe. The group also recommends replacing European councils of ministers and heads of state with a chamber “of states” in the European parliament. National competencies, most notably the management of borders, defence and public spending will be transferred to the federation, “making membership of the euro irreversible.” Die Presse argues that it is not surprising to see diplomats from countries which have lost all of their influence since the Treaty of Nice, signed in 2001, and even more so since the outbreak of the crisis, make a bid to play a more important role. However, the daily concludes –

A clearly defined democratic system resembling a state would probably not be in accord with the mood of several sections of the population. But everyone who wants to safeguard the euro, the single market and political stability, while preventing a widening wealth gap between the North and the South and a reinforcement of nationalist trends will ultimately accept that it is the best way forward.


France wants new global finance system POSTED BY AMUNDSEN

– 2011/02/15POSTED IN: WORLD CURRENCY France will help the transition to a global financial system based on ‘several international currencies’, the French Economy Minister said today. Via RTE News France, as current head of the Group of 20 countries, will help the transition to a global financial system based on ‘several international currencies’, French Economy Minister Christine Lagarde said today. Lagarde, speaking ahead of a G20 finance ministers meeting in Paris on Friday and Saturday, said the world had to move on from the ‘nonmonetary system’ it now has to one ‘based on French Economy Minister Christine Lagarde

several international currencies’. Accordingly, France wants to see less need for

countries, especially the emerging economies, to accumulate huge foreign reserves, she said. At the same time, international capital flows should be better regulated and the role of the Special Drawing Rights issued by the International Monetary Fund should be reinforced by the inclusion of China’s yuan in the system. China, whose booming economy now ranks second only to the US in size after overtaking Japan, has accumulated massive forex reserves of more than $2.5 trillion on the back of its sustained trade surpluses and foreign fund inflows. Washington says the build-up reflects an unfair undervaluation of the yuan, a charge Beijing rejects. France has previously said it wanted to see the global financial system reduce its reliance on the dollar for a more broad-based arrangement.

Into The Meat Grinder: A Market Meltdown The Likes Of Which We’ve Never Seen Is Upon Us POSTED BY JOSEPH CANDEL

– 2012/08/29POSTED IN: ECONOMIC CRISIS In this era of Internet trading and globally linked economies and stock markets, a sudden and drastic downturn in one major financial market could create a worldwide panic that would send the global economy tumbling down like a house of cards. Paul Henri Spaak, first president of the General Assembly of the United Nations, once said, “What we want is a man of sufficient stature to hold the allegiance of all people and to lift us out of the economic morass into which we are sinking. Send us such a man and whether he be God or devil, we will receive him.” And that’s exactly what the world is going to do! The people of the world will look for a financial superman to bring stability and prosperity, and when the Antichrist comes on the world scene and appears to do just that, they will hail him as a hero and welcome his rule and new economic system. (Joseph Candel) Via

JP Morgan, Bernanke and Obama’s former Treasury adviser and the world’s top investors are all warning an unprecedented market meltdown is on the horizon. America is about to be put through the meat grinder and despite what President Obama or Governor Mitt Romney say they will do to fix the fundamental issues facing our country, the end result is inevitable. Neither the Republicans or the Democrats can change what’s coming, because the fact is, they are equally responsible for where we are today. As Charlie McGrath of Wide Awake News notes, it’s no longer just bloggers and alternative media in the fringe corners of the internet warning about the coming collapse of life in America as we have come to know it. The crisis of reality is being forecast by some of the most elite institutions and insiders in the world, and we’d better be paying attention. I want to give you a few predictions and then tell I’ll you who they’re from. It might surprise you. Prediction number 1: We’re heading headlong into a financial meat grinder. Prediction number 2: We’re about to plunge off a financial cliff. Prediction number 3: Major market meltdown the likes of which we’ve never seen is upon on us. This wasn’t from some alternative media site or somebody that’s peddling gloom and doom.

The first one is from JP Morgan, the second from Ben Bernanke, and the third was from Steven Rattner, former Obama Treasury adviser.

P The IMF and the US Congressional budget office are both warning about the largest tax increase and the largest spending cut in history hitting this country. They’re doing this for a reason. It isn’t because it’s not going to happen. It is because it’s going to happen. When it all comes crashing down, when it all comes falling apart, when the sovereign debt landmine explodes around this planet we will be sitting here in a deflationary spiral, the likes of which we have never seen. They will be sitting there ready to swoop in and grab up everything at bargain basement, bottom of the dollar prices. It will be the Tulip bubble all over again. You will be sitting there holding nothing and then blaming your neighbor for being here. These same criminal elite that promised to end wars, that promised to audit the Federal Reserve, that promised to get our financial house in order, are continuing to expand the power, the role and the control of government. At this point it is our position that there is nothing – absolutely nothing – that will be done to change the course on which we’ve embarked over the last several decades. The consequences of years of spending, borrowing and centralization of control cannot be reversed. The system as it exists today, where we enjoy relative wealth, stability and peace, will inevitably experience a complete reset. The elite know this is coming, as evidenced by their recent actions and the whispers on Wall Street and throughout the upper echelons of finance and government.

EU debt crisis being used to consolidate political control POSTED BY THEA


“If the eurozone were to split, it is difficult to imagine for the European Union not to split as well. It is difficult to imagine Europe to be as safe as it is now without the European Union.” — Polish Finance Minister Jacek Rostowski (AP) Ahh yes. Fear is being laid on thick as another “crisis” is being used in an attempt to consolidate political power. This time-honored tactic looks like it is now getting the final push in Europe as financial leaders and presidents alike call for a United States of Europe to avert collapse. The message is clear coming from the establishment: form a more centrallycontrolled political and economic union or you will suffer. Unfortunately, that’s not a prediction, but a promise. It’s become obvious that this has been the plan all along. “If you have a currency union, you certainly also need more elements of a political and of an economic union. That was clear from the outset when we started this project some 10, 15 years ago,” said the Luxembourg finance minister Frieden. However, many nations have not been so quick to give up their sovereignty and economic independence. Therefore, a good crisis is needed, followed by a coordinated chorus of experts to sway public opinion and policy. Earlier this month former German Chancellor, Gerhard Schroeder, set the stage for solution by calling for a United States of Europe. “The current crisis makes it relentlessly clear that we cannot have a common currency zone without a common fiscal, economic and social policy.” He added: “We will have to give up national sovereignty. From the European Commission, we should make a government which would be supervised by the European Parliament. And that means the United States of Europe.” New IMF chief, Christine Lagarde, warned that developed economies have entered a “dangerous new phase” because of a “vicious cycle” of weak economic growth and feeble political leadership. Singing the same tune, Lagarde recommends a collective solution; “Without collective, bold, action, there is a real risk that the major economies slip back instead of moving forward.” Incidentally, debt was not mentioned as part of the problem. George Soros recently claimed that a European treasury is needed to avoid a depression. Soros warned, “Even if a catastrophe can be avoided, one thing is certain: the pressure to reduce deficits will push the euro zone into prolonged recession. This will have incalculable political consequences.” Leaving no room for

discussion, Soros states, “There is no alternative but to give birth to the missing ingredient: a European treasury with the power to tax and therefore to borrow.” U.S. Treasury Secretary Geithner has not publicly endorsed a policy, but he’s demanding more “forceful action.” Geithner is also echoing calls for more unity; “What’s very damaging is not just seeing the divisiveness in the debate over strategy in Europe but the ongoing conflict between countries and the [European] Central Bank.” In other words, individual nations and the European Central Bank must unite the policies. And the Federal Reserve continues to do its part to prop up the European Central Bank to prevent global contagion while policies are coordinated. As the Washington Post reports, “Worried that a mounting debt crisis in Europe could trip up the global economy, the Federal Reserve opened its vault Thursday to the central banks of other countries in an effort to head off a crippling shortage of dollars.” No dollar figure was given for these short-term currency swaps, but after the first tens of trillions, who’s counting? So, the perpetrators of the so-called crisis are speaking in one voice to avoid disaster; Give us more control over taxation and policy and we’ll maintain the misery at current levels. Even though the financial crisis was manufactured specifically for this power grab, the threat of collapse remains very real as the banks can turn out the lights anytime they want. If threats fail to bring all dissenting nations into the fold, they’ll simply make good on their promise to tighten the debt/austerity screws until the tortured submit to their demands. This obvious cycle must be broken unless the European nations prefer a global dictatorship as described by Nigel Farage during a recent European Parliament debate:

Will there be a revolution to maintain sovereignty, or will the banksters get the political control they have long sought?

Gap Between Rich And Poor Named 8th Wonder Of The World POSTED BY AMUNDSEN

– 2011/01/26POSTED IN: ECONOMIC CRISIS The article bellow was published by The Onion, an American news satire organization featuring satirical articles reporting on international, national, and local news. The Onion’s articles comment on current events, both real and imagined with the one bellow belonging to the latter category.

PARIS—At a press conference Tuesday, the World Heritage Committee officially recognized the Gap Between Rich and Poor as the “Eighth Wonder of the World,” describing the global wealth divide as the “most colossal and enduring of mankind’s creations.”

“Of all the epic structures the human race has devised, none is more staggering or imposing than the Gap Between Rich and Poor,” committee chairman Henri Jean-Baptiste said. “It is a tremendous, millennia-old expanse that fills us with both wonder and humility.”

“And thanks to careful maintenance through the ages, this massive relic survives intact, instilling in each new generation a sense of awe,” Jean- Baptiste added. The vast chasm of wealth, which stretches across most of the inhabited world, attracts millions of stunned observers each year, many of whom have found its immensity too overwhelming even to contemplate. By far the largest man-made structure on Earth, it is readily visible from locations as far-flung as Eastern Europe, China, Africa, and Brazil, as well as all 50 U.S. states.

“The original Seven Wonders of the World pale in comparison to this,” said World Heritage Committee member Edwin

MacAlister, standing in front of a striking photograph of the Gap Between Rich and Poor taken from above Mexico City. “It is an astounding feat of human engineering that eclipses the Great Wall of China, the Pyramids of Giza, and perhaps even the Great Racial Divide.” According to anthropologists, untold millions of slaves and serfs toiled their whole lives to complete the gap. Records indicate the work likely began around 10,000 years ago, when the world’s first landed elites convinced their subjects that construction of such a monument was the will of a divine authority, a belief still widely held today. Though historians have repeatedly disproved such claims, theories still persist among many that the Gap Between Rich and Poor was built by the Jews.

“When I stare out across its astounding breadth, I’m often moved to tears,” said Johannesburg resident Grace Ngubane, 31, whose home is situated on one of the widest sections of the gap. “The scale is staggering—it makes you feel really, really small.”

“Insignificant, even,” she continued. While numerous individuals have tried to cross the Gap Between Rich and Poor, evidence suggests that only a small fraction have ever succeeded and many have died in the attempt. Its official recognition as the Eighth Wonder of the World marks the culmination of a dramatic turnaround from just 50 years ago, when popular movements called for the gap’s closure. However, due to a small group of dedicated politicians and industry leaders, vigorous preservation efforts were begun around 1980 to restore—and greatly expand—the age-old structure.

“It’s breathtaking,” said Goldman Sachs CEO Lloyd Blankfein, a longtime champion and benefactor of the rift’s conservation. “After all we’ve been through in recent years, there’s no greater privilege than watching it grow bigger and bigger each day. There may be a few naysayers who worry that if it gets any wider, the whole thing will collapse upon itself and take millions of people down with it, but I for one am willing to take that chance.” Added Blankfein, “Besides, something tells me I’d probably make it out okay.”

Compilation of Financial News  

Compilation of Financial News

Compilation of Financial News  

Compilation of Financial News