Get your Money Out Of The Bank Now Before Its To Late Global Economic Collapse Is Eminate First Domino Has Fallen EU’s Cyprus!

Hence·forth  the chaos and confusion in the world of banking!  The End game has started Cyprus, and Europe, it comes as no surprise that the previously scheduled Monday bank holiday (aka Green Monday) has been extended into Tuesday.  So all we see in the News is how the Dow keeps going up and the American Economy is picking up steam.  When the truth is that its all just a bunch of hot air.  Anyone who understands the world banking history, knows that history is about to repeats itself it could be with in a few months to a few years a way till the big crash.

Cyprus Bank Holiday extended until Wednesday …to stop runs on the Cyprus Banks   Sound a lot like the great depression with runs on banks  Get ready for new runs on banks That’s what happened to hundreds of banks in the Great Depression.  Much of the Great Depression‘s economic damage was caused directly by bank runs.   I know one thing if I had any money in the bank I would have gotten it out in 2007 before the crash we saw the signs my family and friends on facebook can tell you that!  Oh wait I have not had money in the bank for years.  Its just one big vicious cycle that the Banksters keep playing generation after generation its a world wide  scam and if Jesus Christ was around today he would pick up the whip and go after this den of thief’s the same way kicking them out of his temple our world.

When even JPM says to panic, it may be time to panic. And then we ask why is all of this happening right now, why is even JPMorgan advocating a risk-off posture, and then we recall that every single year in late March, early April Europe comes back front and center with a bang, just as we forecast in “It’s Deja Vu, All Over Again: This Time Is… Completely The Same” and then everything becomes very clear.

Published on Mar 18, 2013

On the Monday, March 18 edition of the Alex Jones Show, Alex breaks down the collusion between the EU and IMF in confiscating individuals’ private wealth to ultimately seize control of economies, paving the way for years of dependency on financial dictatorship. On today’s show, Alex invites economic trend forecaster and publisher of the Trends Journal Gerald Celente to discuss the looting of Cypriot bank accounts, and what the future holds for Italy, which may be the next nation to be similarly plundered. We’ll also cover other major headlines and take your calls.


From Kathimerini:

The Cypriot cabinet has declared Tuesday a bank holiday, for fear of capital flight, and this may even be stretched to Wednesday, as depositors are certain to withdraw huge sums from the Cypriot banks after the haircut imposed.

Nicosia postponed from Sunday to Monday the tabling in Parliament of the bill including the measures for the Cypriot bailout – including a bank account haircut and a tax hike on interest and corporate earnings – but the European Central Bank insists on a rapid voting because there are already signs a domino effect will follow across European lenders and markets from Monday.

There is genuine fear of market unrest on Monday morning when stocks may crumble in the eurozone and bank accounts in other southern European bank may suffer.

Skai radio reported on Sunday that the Bank of Greece has sent between 4 and 5 billion euros to Cyprus in order to help Cypriot banks respond to cash requirements by their clients.

So, if the official name of the March 18 holiday was “Green Monday“, will the March 19th ad hoc holiday be called “Red Tuesday“? Inquiring minds want to know.

The price of gold remained approximately in Timeline of U.S. Gold 2007, The yearly average price of gold was $695, with a high of $833 per ounce. and in 2007 the Dow opened the year at 12,459.54 Understand why it crashed by following the timeline of events in 2008 and now today the news is say how strong the Stock Market is doing then why if the Market is on such a bull run at Dow Jones Industrial Average 2 Minute Dow Jones Indices: .DJI – Mar 18 4:35pm ET  Closed at 14452.06 today and the price of Gold is at 1594.00 This is my point if the stock market was on such a bull run why is Gold at still near record highs becase the smart people know that the Federal Reserve System is pumping up the markets by buying American Bonds and T bills Treasury Bills.  Money market investments backed by the U.S. government. Learn more about treasury bills at HowStuffWorks.

Gold Bullion 1,594.00 1,618.00 Upward change 14.10

Even Former US Treasury Official – US Financial System set to Collapse Dr. Paul Craig Roberts – Economist, Co-Founder of Reaganomics & Acclaimed Author Former US Treasury Official  Dr. Paul Craig Roberts  – US Financial System To Collapse

This conspiracy by a group of international elites controls and manipulates governments, industry, and media organizations worldwide. The primary tool they use to dominate nations is the system of central banking. They have a grip on the world economy, deliberately causing inflation and depressions at will. Operatives working for the New World Order placed in high positions in government and industry. The people behind the New World Order are international bankers, in particular the owners of the private banks in the Federal Reserve System and other central banks, and members of the Council on Foreign Relations, Trilateral Commission and Bilderberg Group.[1] The New World Order  controls Multinational and global organizations such as the European Union, United Nations, World Bank, International Monetary Fund and the proposed North American Union. The term gained popularity following its use in the early 1990s by President George H. W. Bush when he referred to his “dream of a New World Order” in his speech to the United States Congress on September 11, 1990.

this section copied from

infowars.com

Four Truths About the U.S. Economy All Investors Should Know

March 18, 2013 in Economics

by

By for Profit Confidential

Four Truths About the U.S. Economy

Truth #1: At the beginning of 2008, there were 28.22 million people in the U.S. economy on food stamps. Fast-forward to 2012, and the number has increased to 46.60 million—an increase of more than 65%. (Source: United States Department of Agriculture, March 8, 2013.) The number of Americans now on food stamps represents almost 15% of the entire population in the U.S. economy right now.

Truth #2: The poverty rate in the U.S. economy also increased in the aftermath of the worst economic condition since the Great Depression. In 2007, the official U.S. poverty rate was 12.5%. By 2011, this rate increased to 15%. We have experienced a 20% flight in the number of Americans living in poverty. (Source: “Poverty and the Great Recession,” The Russell Sage Foundation and The Stanford Center on Poverty and Inequality, Stanford University website, October 2012, last accessed March 18, 2013.) As it stands today, about one in every seven Americans is technically poor.

Truth #3: Similarly, job prospects for Americans have declined since the beginning of the financial crisis. In January of 2008, there were 4.2 million job openings in the U.S. economy. As the U.S. Department of Labor reports, in January 2013, there were 3.6 million job openings. (Source: Federal Reserve Bank of St. Louis web site, last accessed March 15, 2013.) There are 12 million unemployed individuals in the U.S. economy, with a significant number being jobless for more than six months.

As the U.S. economy faces severe headwinds because of the financial crisis, cities across the U.S. are suffering as well. According to the 2012 census, one in every three counties in the U.S. economy is “dying off” due to weakening economic conditions and an aging population. (Source: Huffington Post, March 15, 2013.)

Truth #4: We have a long way to go before we see any real improvement in the U.S. economy. The only thing that has improved since the financial crisis is the stock market, courtesy of cheap interest rates and extensive paper money printing. Don’t get lured into believing that a rising stock market means economic growth. The stock market and the U.S. economy are moving in opposite directions. Many public companies listed on the key stock indices are already warning investors about troubles ahead, profitability issues.

Sure, the old adage is, “Don’t fight the Fed.” But the stock market utopia can only go on for so long before “regression to the mean” becomes a reality again.

Michael’s Personal Notes:

Looking at the long-term chart of gold bullion and the U.S. dollar, there is an interesting technical chart pattern developing that may help us predict the next move in the greenback and the yellow metal.

In the chart below, the red line represents the U.S. dollar index and the golden line represents gold bullion prices.

$USD US Dollar Index cash settle stock chart

Chart courtesy of http://www.StockCharts.com

Both the U.S. dollar and gold bullion are going through the formation of the technical chart pattern called the “symmetrical triangle.” This pattern occurs during a trend and is often the result of a consolidation in prices. The majority of instances when the symmetrical triangle pattern emerges eventually result in a continuation of the prior trend.

If you observe closely, the trading ranges in the dollar and gold bullion have been getting smaller since the beginning of 2011. While keeping with their respective trends, they appear to be consolidating. The U.S. dollar has declined, compared to other major currencies. Meanwhile, gold bullion prices have been trending higher—from below $300.00 an ounce to close to $1,600 an ounce.

As I have been harping on about in these pages, the demand for gold bullion is robust, to say the very least. Central banks are rushing toward gold, seeking safety—they have turned into net buyers of the yellow shiny metal. In the last quarter of 2012, they bought the most gold in almost 50 years.

In contrast, by buying gold bullion, central banks may be losing trust in the U.S. dollar. According to a report by the World Gold Council (WGC), in 2000, central banks held 62% of their assets (or reserves) in U.S. dollars. By 2012, that percentage of U.S. dollar holdings decreased to 54% of the reserves. (Source: Market Watch, March 13, 2013.)

It isn’t a hidden fact anymore: the Federal Reserve has been increasing the money supply, as its balance sheet has grown to more than $3.0 trillion and its paper money printing program continues at a rate of $85.0 billion a month. The more paper money the Fed prints, the more vulnerable the greenback becomes.

Time will be the better judge of where the greenback and gold bullion end up, but from the looks of the chart above, the U.S. dollar appears bearish and gold bullion’s future seems bright.

(Want to know what gold stocks are the best buy right now? In our just-released special report, Lombardi’s Second Quarter 2013 Gold Forecast Report, you’ll find our analysis of the U.S. money supply and its implications for gold; current gold supply and demand; central bank activity in the gold market; our specific price projections for gold bullion; our top-five senior gold stock picks; and our top-five junior gold stock picks, all complete with charts. Click here for ordering info.)

What He Said:

“Prepare for the worst economic period ahead that we have seen in years, my dear reader, as that is what I see coming. I’ve written over the past three years how, in the late 1920s, real estate prices fell first before the stock market and how I felt the same would happen this time. Home prices in the U.S. peaked in 2005 and started falling in 2006. The stock market is following suit here in 2008. Is a depression coming? No. How about a severe deflationary recession? Yes!” Michael Lombardi in Profit Confidential, January 21, 2008. Michael started talking about and predicting the economic catastrophe we began experiencing in 2008, long before anyone else.

Get Prepared Doomsday is just around the corner.

 

Prepare for a financial Doomsday

Copied and starred from http://homesteadsurvival.blogspot.com/2012/09/prepare-for-financial-doomsday.html

Guest Post by Andy from Financial Gooru

Prepare for a financial Doomsday

Many of us are preparing for the end of times; because as we all know it it is a matter of when not if. While many of us out there are preparing for the complete collapse of the world as we know it not many of us are preparing for a Financial Doomsday which will probably happen sooner than nature going haywire on us. So how exactly do we prepare for a financial Doomsday/ Economic collapse.  Through intensive research I have found way that I think will help anyone survive and Economic/ Financial Doomsday.

Save Money
This one is a bit of a obvious one but I have to put it out there. A shockingly high number of American families are operating without any kind of financial cushion whatsoever.
-According to a Harris Interactive survey taken in 2010, 77 percent of all Americans are living paycheck to paycheck.
-According to one recent survey, one out of every three Americans would not be able to make a mortgage or rent payment next month if they suddenly lost their current job.
This is one reason why so many Americans have lost their homes and why so many Americans have fallen below the poverty level in recent years.  They simply had no cushion.
Last year, 2.6 million more Americans dropped into poverty.  That was the largest increase that we have seen since the U.S. government began keeping statistics on this back in 1959.
Don’t let this happen to you.  At a minimum, everyone out there should have a cushion that will cover at least 6 months worth of expenses.  Preferably, you should have a cushion that will last you at least a year or longer. I know that sounds like a lot but trust me you will love having this around in case something does happen to you and your family.
The easiest way I found to do this is I used to buy a cup of coffee from Quick Trip every morning, it would cost me with tax 2.02 (it was their medium size I think if I remember correctly.). Then one day I really got to thinking how much could I save if I stopped drinking coffee well at least buying it from QT every morning. So I did simple math 2.02×7 is $14.14 a week or $56.56 a month about $678.72 a year! And that was just a cup of coffee I of course cut out eating out, junk food for the most part and I am now saving well over $200 a month and putting all of that into savings. That is just one example of how I did it. I am sure there are many ways out there of saving money I have probably not even thought up of yet and I am talking about small things not drastic. Not to mention the cut of junk food has made me happier and healthier.
Investments
 Now I want to be clear with this. This is not your typical investment that I am about to talk about. But rather one more suited towards the fall of an economy and essentially the dollar. The most obvious investment you can make is to buy gold and silver. I think every person in this country is doing that at this point. While that will hold value and its all and good, you can not eat gold and silver. At one point people will want food rather than gold. So a gold and silver investment while good should not be the only investment.
Once the economy fails and everyone is running around trying to figure out what to do and items and resources become scares, everything will start becoming more localized and we will probably move back to a barter system. With that said it will be good to prepare for a barter type of system just in case it ends of that way and even if it doesn’t it will not harm you in any way. Here is what I think you will need in a barter type of system.
1. Water, The single most important item any one person can have. Drinkable water is important to life. While I would stock up a lot on this you can also invest in rain catching gear, water purifying system and other things to make undrinkable water drinkable.
2. Salt, stock up on this and start now. This one little thing that people take for granted everyday will be essential to your survival and a good thing to have in a barter system. Salt is one of the most important thing a person can have in their stock pile period. It is essential for the human body, it makes food yummy, and it can preserve food as well.
3. Spices, you think they are expensive now wait until the economy fails and governments go bankrupt and so do major companies. This one comity that people take for granted will be super rare and expensive. However, most spices and herbs can be grown almost anywhere with a little bit of knowledge.  A good website I found about some spices you can grow are http://ideas.thenest.com/dinner-recipes/cooking-advice/slideshows/easy-spices-to-grow.aspx?page=5  and http://www.tropicalpermaculture.com/growing-herbs.html these are two very good sites to get you started.
4. Live stock, food is one of those thing you have to have. While you can hunt if you do not have live stock which is a good way to get meat and other foods live stock is more beneficial. It is there when you need it you don’t have to go out and find it hopefully, you can trade it for other animals goods or services, and depending on the animal it will have many uses.
5. Other currency, while it is good to have food water etc it is also a good idea to have some form of other currency available in case you can some how assuming things are not that bad go to another country or that their currency is not completely useless. This is something I would keep around, because I do not like to assume anything like all currency will be useless and you will be trapped in this country. You just never know what life will throw at you and where you might find yourself. Therefore, I think that having some other currency like Euros, Yen, and the Australian dollar to name a few might be useful.
6. Land, I believe that land is one of those things that over time will increase in value even more so than gold. Because scientist have found a way to make artificial gold believe it or not, but they have yet to find a way without lasing our water supply it will grow in value tremendously. Not to mention land is very useful to have because you can grow food on it have life stock and the uses for land are almost limitless. Not to mention if the land has  a natural aquifer.
Like I said not your normal investment portfolio. I could spend so much more time on this but these are the 6 things I think will help you if an economy collapses.
Pay off any debt
Now this one may be a bit tricky to do since many people are having trouble meeting ends meet. But by all means try to pay off any and all debts you may have. I am going to take a guess that banks will want money owed to them if the economy starts failing to keep themselves afloat. Just because the economy fails doesn’t mean our money will be worthless. The great depression is a perfect example of that. Money was not all that worthless still had value just not as much as it does now.  This one again may be hard but I know from personal experience but it has to be done. Many things can happen if the American economy can fail don’t be caught off guard pay off any dept you may have.  I will have a completely separate blog post about this coming up soon. As I have said I was in that boat I have searched for solutions and I have found it through trial and error. I have given the advice to my friends and it worked great for them. So I will dedicate a whole blog post just to that.
Learn a Skill
Learning a skill is good even if the economy is still going strong. But a  carpenter, welder, handyman can be worth their own weight in gold. Knowing how to build and work with your hands will be skills that if the economy goes you can use to barter with. It can be almost any skill just learn one or a trade and master it. I would say master one than have 1000 that you barely know what you are doing.
These are some of things I would recommend. There is so much when it comes to this that I could make this blog post endless, yet I do have to end it at some point. Just remember what can go wrong will go wrong. Do not assume anything prepare for everything. It cant hurt to be ready it can only hurt not to be ready. As we have seen time and time again it is a matter of when not if. If you have any ideas or comments please feel free to post them and let me know how I did or if I missed something important.

http://financialgooru.blogspot.com/

 

Lake Ontario has Secret Underwater Military Base

 

English: Map of Lake Ontario. Category:Michiga...
English: Map of Lake Ontario. Category:Michigan maps (Photo credit: Wikipedia)

 

Recently I was talking with two different sources that will remain anonymous to protect the identification from possible government prosecution about Underground area 51 sites around the world.  I was told that Lake Ontario had one from Co-worker who was an ex Marine who was a Military Police who protected that base.  It was said that if threat of Nuclear War ever broke out that this is one the place that the US president would go.  He said that the area is protected by the US Coast Guard and US Military.

 

The second source is a friends mother who dated a high up government official who bragged to her about this secret underwater military base, under Lake Ontario that he was aware of,  He said that if anything was to happen during the Cold war with the Russians   like a Nuclear War was to go hot that he and his family would be protected from nuclear fall out at that underwater base!

 

Now I have no first hand knowledge of this underwater base only hearsay, but I have no reason to believe that these two people would have any reason to lie to me or about this place.  Neither of these people knew of each other and about talking to me about this underwater base.  So I have done some of my own research into this topic and have given my research results on this blog post.  Happy hunting!  If you have any evidence or knowledge of this please feel free to contact me about this and we can add your info to this post!

 

This section copied from http://fierycelt.tripod.com/CdrX.html

 

According to Malcolm Williams, researcher for the Northeastern UFO Organization, infrared photos taken in the dark of night from the shores of Lake Ontario show all sorts of anomalies which cannot be either conventional aircraft or meteorological phenomena. Taken on various occasions, the photos show a pattern of lights in the sky which are definitely under intelligent control as they zig zag from one position to another in the heavens. One photo shows an object actually resting on top of the water, apparently about ready to make a plunge beneath Lake Ontario.

 

Many of the photos taken by Malcolm Williams, a former member of the Royal Astronomical Association, were done from a position which would indicate that the main area of interest is over the lake between Oakville and Toronto. This theory is supported by Harry Picken, an aeronautical engineer, pilot, and past president of Genair Ltd., a St. Catharine’s aircraft research firm. Picken, who owns a home right on the banks of the lake, has been keeping tabs on the aerial movements near his property for years. One of the most peculiar things the engineer has noticed is that the lights are usually orange, a color foreign to aircraft lights. “The orange color indicates to me a high sodium content in the light source. Sodium is never used in conventional aircraft lighting,” he further points out.

 

Both Harry Picken and Malcolm Williams believe that the UFO activity over Lake Ontario is somehow related to the fact that a high voltage hydro generating station is located at nearby Lakeview. The UFOs have been seen repeatedly to lift up from the lake and head in the direction of the plant.

 

Over the years, many odd occurrences have taken place in and around Lake Ontario. In his book, “The Great Lakes Triangle,” Jay Gourley tells of several air mishaps in this very locale, adding substance to the theory that something totally “alien” is operating in and around this body of water.

 

“There is little doubt that the pilot of the twin jet CF-101 Canadian Air Force interceptor, number 18112, knew he was in trouble on August 23, 1954,” Gourley states in his well researched reference work on the subject. “He was near Ajax, Ontario, on the north shore of Lake Ontario. He bailed out. He explained later that the aircraft became impossible to control. Publicly, the Canadian Defense Headquarters refused to reveal the cause of the accident. The official cause is classified secret. I have seen this secret file. It says the scientists who studied the case could not determine what caused the jet to become unmanageable.” It could be that UFOs utilizing highly magnetized equipment beneath the surface could have accidentally or purposely pulled the aircraft out of the sky.

 

 

 

 

 

http://www.ufodigest.com/article/lake-shining-waters-%E2%80%93-historical-perspective

 

 

United States Coast Guard Seal, in correct PMS...
United States Coast Guard Seal, in correct PMS colors. This emblem shall only be used in accordance with the Coast Guard Heraldry Manual, and is not to be reproduced commercially without prior approval of the U.S. Coast Guard. (Photo credit: Wikipedia)

 

Satellite photo of Round Lake, Renfrew County,...
Satellite photo of Round Lake, Renfrew County, Ontario. (Photo credit: Wikipedia)

 

Early map of Lake Ontario
Early map of Lake Ontario (Photo credit: Wikipedia)

 

Lake Ontario NASA
Lake Ontario NASA (Photo credit: Wikipedia)

 

A retired secret service agent admits to the public about the underground tunnel system at 5:10 in this video:

 

 

 

 

 

Be ready for the Bank Run of 2012 Global Financial Meltdown

Bank Run
Bank Run!

Daniel J Leach

I have been saying that the Global Financial Meltdown was just around the corner for years now!  It finally looks like we are on the verge of this happening this year.  I would not be surprised if this happens in October 2012!  This is a case of history repeating itself! “Those who cannot remember the past are condemned to repeat it.” George Santayana

   A bank run occurs when a large number of bank customers withdraw their deposits because they believe the bank might fail. As more people withdraw their deposits, the likelihood of default increases, and this encourages further withdrawals. This can destabilize the bank to the point where it faces bankruptcy.[1]

The stock market crash of October 1929 left the American public highly nervous and at the time, making it the largest single bank failure in American history.

In December 1931, New York’s Bank of the United States collapsed. The bank had more than $200 million in deposits at the time, making it the largest single bank failure in American history.

The bank runs of 1930 were followed by similar banking panics in the spring and fall of 1931 and the fall of 1932. In some instances, bank runs were started simply by rumors of a bank’s inability or unwillingness to pay out funds. In December 1930, the New York Times reported that a small merchant in the Bronx went to a branch of the Bank of the United States and asked to sell his stock in the institution. When told the stock was a good investment and advised not to sell, he left the bank and began spreading rumors that the bank had refused to sell his stock. Within hours, a crowd had gathered outside the bank, and that afternoon between 2,500 and 3,500 depositors withdrew a total of $2 million in funds.

 

Copied from http://blog.alexanderhiggins.com

The Global Financial Meltdown has dramatically worsened as Corporations and China Jump Aboard The “Institutional” Global Bank Run As Banks Fall Apart As Their Seams.

Earlier today the world saw a global financial meltdown as investors dumped everything from stocks to commodities and literally everything in between.

Global Financial Meltdown: Investors Dump Nearly Everything Amidst Worldwide Market Crash

Global Meltdown - Investors Are Dumping Everything

Major Stock Market Indexes, Commodities, Currencies And Everything In Between Is Being Dumped By Investors Across The Globe In The Midst Of A Global Financial Meltdown.

The financial markets across the globe are facing one of the most massive sell-offs in recent memory.

The Dow Jones Industrial average has sold off over 467 points today. When and when you add that on top of 284 point drop following yesterday’s crash FED’s statement, which announced operation ‘twist’ and warned of significant downside risk and strains in global financial markets, we have a 751 point drop in the DOW since 2:45 PM est yesterday, which is the largest 2 day slump since 2008.

There are an endless parade of economic statistics many of which are the worse since the Great Depression and World War 2 era. We have also seen 111 of the s&P 500 hit fresh 52 week lows, a drop in global currencies – beside the dollar, oil dropping into the high $70 per barrel range and gold plummeting over 5% to trade in the low $1,700 per ounce range.

Business Week points out the massive crash in U.S. stocks immediately below while CNBC points out further below that this in fact a global meltdown – investors are dumping everything.

[…]

Read The Rest…

While today’s sell off was monumental and in fact is on course for the 3rd worse week on Wall Street ever, the sell-off was on the heels of the FED’s economic outlook. Today’s Global Financial Meltdown is about to become much worse as a slew of news reports out today reveal the run on the European banks has spread to include corporations and institutions pulling their money out of banks and China finally arriving at the party.

As a backdrop, the IMF warned the entire global financial systems is more vulnerable to collapse than at any other time since the 2008 financial crisis. The alarm is being sounded with the stern warning the European debt crisis could trigger the complete collapse of the entire global financial system at any minute. On the other hand, the alternative media and independent economists warn we are in fact in of a great depression style collapse. The only difference is this time around we would be facing a global depression. But as the ship their countrymen sail on continues to sink, bureaucrats continueto play politics and put their partisan interests above the interest of their constituents.

The run on European banks has already began with from the customers pulling their money from banks some time ago. While the corporate media kept the run on the Greece banks on the hush the media blackout didn’t stop the run nor did it stop the run from spreading to other nations. Simply put, the public is learning they can’t trust their governments and they can’t trust the media. Indeed the withdrawal of deposits from the banks in Greece has quietly spread across the other European nations only to spread into some of the supposedly most stable banks in the Euro-zone, the French banks.

Now we have learned the run on the banks that was originally limited to customers has now spread to include corporate and institutional clients withdrawing their money from the banks. First, we caught wind of the rumor that Siemens pulled its cash from one of the French banks. Then came theconfirmation came that Siemens pulled $500 million Euros from Societe Generale. Siemens of course is a huge conglomerate. For such a huge corporation to lose trust in one of the supposedly most stable of the French banks is clearly a very significant development. To be clear, the ramification have simply rocked the markets and the many more corporations soon will follow. In fact, some corporations and nations have followed their lead.

Consider the breaking news that The Bank of China has stopped doing business with four major European banks. To be exact thy have stopped trading swaps and foreign exchange forwards with the Societe Gnerale, BNP Paribas, Credit Agricole and the Swiss banking giant UBS.

Speaking of BNP Paribas, Reggie Middleton – who long predicted the collapse of Lehman’s and Bear Stearns far ahead of anyone else because of their shady banking practices – has been warning for months BNP Paribas is ripe for a Lehman style collapse. Reggie argues that BNP Paribas is engaging in the same practices and fraud that caused Lehman’s and Bear Stearn’s to collapse.

While on the subject of China, we learn today they are not immune to the bank run either. China Securities Journal reveals that 420 billion yuan have been pulled out of the big four state-owned Chinese bank during the 15 days of September. Even bank employees are pulling their deposits from the banks as it is estimated that three trillion yuan has been diverted to illegal money lenders which pay interest rates 10 times higher than the one-year Chinese bank deposit rate.

Today we also learn that Insurer Lloyd’s of London confirmed it’s withdrawing deposits from all of the European banks for fear they may collapse. The rationalization for their withdrawal is quite simple – if world is worried about the European governments themselves collapsing then on must assume the sovereign debt collapse will also cause the banks themselves to collapse.

Still that message doesn’t seem to be reaching the retail banking client and the corporate owned media is to blame for repeatedly assuring the public there bank deposits are safe because the banks are insured by their respective European government.

When we see corporations not buying the propaganda being pushed by the media and instead withdrawing their deposits that should be a clear sign to the retail client it is time to withdraw their deposits. Unfortunately, too many people believe their governments and the media would never lie to them so some of them will unfortunately need to learn the hard way.

However, anyone keeping up with the details of latest financial news that doesn’t quite make the headlines knows that banks across the world have been hit with a parade of credit rating cuts warning of their risk of collapse. Those same cuts have been coupled with recent credit rating cuts of the sovereign of nations themselves, most notably the credit downgrades of the United States and Italy.

Adding to the bleak reality a global financial collapse may be imminent is the fact that 9 Banks failed last years EU stress test and another 16 barely passed the test. Yet instead of being proactive and shoring up capital to assure the survival of financial turmoil, we have seen many banks continue to conduct business in absolute denial they were at risk. In ignorance of reality the banks have sat around for over a year knowing they are at risk of collapse while doing little to nothing the improve their situation. Why should they act? They know when shit hits the fan taxpayers will be bent over the barrel and be forced to give the banks billions in bailouts from which the executives will collect lavish bonuses.

Now we have warnings from top economists and the FED that there is significant downside risk and strains in the global financial system that threatens the entire system. The is coupled with warnings from the IMF and EU leaders to immediately recapitalize the banks or face collapse. The calls for recapitalization have persisted for weeks with no action taken to stave off the collapse. Meanwhile, the consequences of not acting immediately continue to become more severe by the day.

The EU credit markets have frozen up and the situation is now beyond the point of dire. The question is which bank will be the first to collapse.

While all eyes seem to be focused on the Euro banks across the pond, banks back in the US are not immune from the crisis and neither are the Chinese banks.

In fact, Bank of America has been hammered by the alternative media as needing capitalization but BAC has denied those allegations and the corporate media has dismissed the alternative media reports as comments from fringe blogs. Until today that is.

Pimco’s Mohamed El-Erian raised the alarm today about the health of French banks and went on to point out there is an institutional run on thosebanks.

CNBC, went on to use the metrics El-Erain used to measure the health of the French banks to measure the health of US banks and found US banks aren’t nearly as healthy as Wall Street would like to believe.

Truth about Austerity Measures and Bailouts It’s Just Money for The Illuminati Family’s!

AntiNewWorldOrderParty.com
AntiNewWorldOrderParty.com

Austerity Measures and Bailouts are just payments to the Illuminati Family’s by way or proxy!  First the Banksters get Nations in dept by loans and bailouts that can not be paid back, like what is happening in America.  Second The Nation makes governmental cuts like what is happening in EUROPE  aka stealing pensions , cutting services like Parks, Police Teachers Firemen ect ect! Then the Government sells off Parks Government owned property, Roads Water ways Parks ect ect to the Illuminati Bankster Familys AKA the MOBSTERS!

This is all part of the (The Hegelian Dialectic) aka The Problem Reaction Solution method!  .. the Illuminati family’s or the ruling elite create a problem, anticipating in advance the reaction that the population will have to the problem and then have the prepared Solution!  Example an Global Economic Melt down.  The after the people react and demand a solution to the created problems that was the  desired agenda of the ruling elite.  Then and only then the Pre prepared agenda of the Global Elite Banksters  presented as the solution such as a one world Governmental Monetary system or Global Governmental system to fix the problem. 

The bad part about this conspiracy is that along with the reaction to the problem the population becomes violent, in protesting the Austerity Measures implemented by the Governments!  And once again (The Hegelian Dialectic) comes into place with  FEMA Camps AKA Concentration Camps for the protesters dissidents and homeless people effected by the Illuminati s Global Agenda 

In economicsausterity is a policy of deficit-cutting, lower spending, and a reduction in the amount of benefits and public servicesprovided.[1] Austerity policies are often used by governments to reduce their deficit spending[2] while sometimes coupled with increases in taxes to pay back creditors to reduce debt.[3] “Austerity” was named the word of the year by Merriam-Webster in 2010.[4]

The Expansionary fiscal contraction hypothesis is the economic theory that explores whether government austerity can result in economic expansion. This hypothesis indicates that expansion from austerity is very limited and occurs only during periods when consumption is not constrained.

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[edit]Reasons for undertaking austerity measures

Austerity measures are typically taken if there is a threat that a government cannot honor its debt liabilities. Such a situation may arise if a government has borrowed in foreign currencies that they have no right to issue or they have been legally forbidden from issuing their own currency. In such a situation, banks may lose trust in a government’s ability and/or willingness to pay and either refuse to roll over existing debts or demand extremely high interest rates. In such situations, inter-governmental institutions such as the International Monetary Fund (IMF) may demand austerity measures in exchange for functioning as a lender of last resort. When the IMF requires such a policy, the terms are known as ‘IMF conditionalities‘.

[edit]Typical effects

Development projects, welfare, and other social spending are common programs that are targeted for cuts: Taxes, port and airport fees, train and bus fares are common sources of increased user fees.

In many cases, austerity measures have been associated with protest movements claiming significant decline in standard of living. A case in point is the nation of Greece. The financial crisis—particularly the austerity package put forth by the EU and the IMF— was met with great anger by the Greek public, leading to riots and social unrest. On 27 June 2011, trade union organizations commenced a forty-eight hour labor strike in advance of a parliamentary vote on the austerity package, the first such strike since 1974. Massive demonstrations were organized throughout Greece, intended to pressure parliament members into voting against the package. The second set of austerity measures was approved on 29 June 2011, with 155 out of 300 members of parliament voting in favor. However, one United Nations official warned that the second package of austerity measures in Greece could pose a violation of human rights.[5]

[edit]Controversy

Austerity programs can be controversial. In the Overseas Development Institute briefing paper “The IMF and the Third World” the ODI addresses five major complaints against the IMF’s austerity ‘conditionalities’. These complaints include these measures being “anti-developmental”, “self-defeating”, and “they tend to have an adverse impact on the poorest segments of the population”. In many situations, austerity programs are implemented by countries that were previously under dictatorial regimes, leading to criticism that the citizens are forced to repay the debts of their oppressors.[6][7][8]

Economist Richard D. Wolff has stated that instead of cutting government programs and raising taxes, austerity should be attained by collecting (taxes) from non-profit multinational corporations, churches, and private tax-exempt institutions such as universities, which currently pay no taxes at all.[9]

In 2009, 2010, and 2011, workers and students in Greece and other European countries demonstrated against cuts to pensions, public services and education spending as a result of government austerity measures.[10][11] Following the announcement of plans to introduce austerity measures in Greece, massive demonstrations were witnessed throughout the country, aimed at pressing parliamentarians to vote against the austerity package. In Athens alone 19 arrests were made while 46 civilians and 38 policemen had been injured by June 29, 2011. The third round austerity has been approved by the Greece parliament on February 12, 2012 and has met strong opposition especially in the cities of Athens and Thessaloniki where the police have clashed with demonstrators.

Opponents argue that austerity measures tend to depress economic growth, which ultimately causes governments to lose more money in tax revenues. In countries with already anemic economic growth, austerity can engender deflation which inflates existing debt. This can also cause the country to fall into a liquidity trap, causing credit markets to freeze up and unemployment to increase. Opponents point to cases in Ireland and Spain in which austerity measures instituted in response to financial crises in 2009 proved ineffective in combating public debt, and placing those countries at risk of defaulting in late 2010.[12]

[edit]The “Age of Austerity”

The term “Age of austerity” was popularized by British Conservative leader David Cameron in his keynote speech to the Conservative party forum in Cheltenham on April 26, 2009, when he committed to put an end to what he called years of excessive government spending.[13] [14]

[edit]Word of the year

Merriam-Webster’s Dictionary named the word “austerity” as its “Word of the Year” for 2010 because of the number of web searches this word generated that year. According to the president and publisher of the dictionary, “austerity had more than 250,000 searches on the dictionary’s free online [website] tool” and the spike in searches “came with more coverage of the debt crisis”.[15]

[edit]Examples of austerity

This section is in a list format that may be better presented using prose. You can help by converting this section to prose, if appropriateEditing help is available. (June 2011)

Anti-austerity protests, chiefly taking the form of massive street protests by those affected by them and some of them also involving a greater or lesser degree of militancy, have happened regularly across various countries, especially on the European continent, since the onset of the present-day worldwide financial crisis. The phenomena are, collectively, decidedly separate, conceptually, from the austerity measures themselves, even though the enactment of the latter is a prerequisite for the former. This is because they are of the sizes they are; that they cut across age groups (e.g., both students and older workers) and other demographics; that they can incorporate many different types of actions in many different segments of a given country’s economy including education funding, infrastructure funding, manufacturing, aviation, social welfare, and many many others; and that the phenomenon of austerity, when explained by itself, is inadequate to properly encompass the phenomenon of widespread opposition to it, and that opposition’s nuances and fluctuations.

Anti-austerity actions are varied, ongoing, and can be either sporadic and loosely-organised or longer-term and tightly-organised. Theycontinue as of the present day. Recent upheavals in Tunisia and in Egypt in 2011 were originally largely anti-austerity and anti-unemployment before turning into wider social revolutions.

Most recently, the global and still-spreading Occupy movement has arguably been the most noticeable physical enactment of anti-austerity and populist sentiment.

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[edit]Background

Austerity is mainly noticed by a country when its aspects (usually known as ‘cuts’) are implemented unilaterally and forcibly (a “hatchet job“) rather than through a more careful strategy of creeping normalcy wherein such cuts are made to seem reasonable, or at least tolerable. Austerity is usually only referred to by that name when it is part of a sweeping package or packages of reforms that have the openly-admitted effect of great or even complete overhaul of major aspects of a society’s socioeconomic core facilities, programs and/or services. Because of this nature, austerity programs in general often are virulently opposed by the populations experiencing them, as they tend to have an impact on the poorest segments of the population. Those who are pro-austerity (who usually refer to the process as “deficit reduction”) usually counter that these poorest segments of the population would also suffer the most should a debt crisisoccur[citation needed], an argument rejected by most anti-austerity individuals.

Prior to the 2010 European sovereign debt crisis, in many situations, austerity programs were implemented by countries that were previously under dictatorial regimes (e.g., Portugal, Greece, Spain), leading to criticism that the citizens are forced to repay the debts of their oppressors.[1][2][3] In Greece, for example, the current austerity measures are popularly viewed as a combination of leftover policies of the 1967-1974 military dictatorship in that country on the one hand, and the “betrayal” of socialist principles by the current parliamentary-majority Panhellenic Socialist Movement on the other hand, due to that party’s wholesale enactment of extremely severe austerity measures in the country, which most everyday Greeks conceive of as intensely right-wing in nature, at least when compared to the party’s officially-stated core beliefs.[citation needed]

In the present-day enactments of various “austerity budgets”, however, a prior history of dictatorship is not necessarily a precondition for the implementation of such a budget by a given government. Examples of countries implementing severe austerity measures without a history of what the world’s mainstream media would typically consider a ‘dictatorship’, include the United Kingdom and the Republic of Ireland, the latter of which witnessed its housing market completely (rather than partially as elsewhere) collapse, and the Republic eventually appealing for a massive bailout from the International Monetary Fund, “in exchange for” implementation of a very severe austerity programme. The austerity measures and the terms of the IMF bailout became major aspects of the 2008–2011 Irish financial crisis, and popular anger over these issues played a very major role in the loss of governmental power of Fianna Fáil to opposition parties in the 2011 Irish general election. The loss was so complete and so total for Fianna Fáil that many commentators remarked that the results were “historic”. Fine Gael and the Labour Party entered in to a coalition government with one another, and Fine Gael’s leaders have vowed to re-negotiate the terms of the IMF bailout so that austerity can be slowed or stopped and the Irish economy can be given a chance to grow again.[4] Sinn Féin, which for the first time also won a notable percentage in the election, has called for a nationwide referendum over whether the bailout agreement should be scrapped altogether, but this suggestion has been met with dismissal by officials.[5]

Austerity in most European countries, including Spain and Italy — where there have been massive anti-austerity protests, wildcat strikes, and union-organized industrial actions of various types at semi-regular intervals since late 2008, earning for the most part massive worldwide media attention — is by no means limited to what could be the ‘expected’ areas of the economy that might in theory experience direct penalties as a result of gross mismanagement, such as financial institutions. In fact, financial institutions rarely, if ever, truly receive such ‘punishment’ by a country’s government; austerity-like levies could perfectly well be imposed on them for causing, or helping to cause, the crisis that leads to the austerity measures in the first place, but typically are not. Instead, it is argued (chiefly by people engaging in anti-austerity protests, but also some economists as well) that rather than ‘punish’ the banks and others truly responsible for the crisis, the government is instead ‘punishing’ regular people for the ‘crimes’ of others, namely the ‘elite’ and/or greedy professional money-handlers engaging in market manipulation.

[edit]Examples

100,000 peaceful anti-austerity protesters in front of the parliament of Greece on 29 June 2011.

  • The May–July 2011 Greek protests, also known as the “Indignant Citizens Movement” or the “Greek indignados”, started demonstrating throughout Greece on 25 May 2011;[6] the movement’s largest demonstration was on 5 June, with 300,000 people gathering in front of the Greek Parliament,[7] while the organizers put the number to 500,000.[8] The protests lasted for over a month without any violent incidents, while on 29 June 2011, amid a violent police crackdown and accusations of police brutality by international media and Amnesty International,[9][10][11][12][13][14][15] the square was evacuated but demonstrations continued the next day despite the crackdown;[16][17] they officially ended on 7 August 2011,[18] but resumed in October.
  • The 2011 Spanish protests, whose participants are sometimes referred to as the “indignados“, are a series of ongoing anti-austerity demonstrations in Spain that rose to prominence beginning on 15 May 2011; thus, the movement is also sometimes referred to as the May 15 or M-15 movement as well. It is a collection of several different instances of continuous demonstrations countrywide, with a common origin in internet social networks and the Democracia Real Ya web presence, along with 200 other small associations.[19]
  • In late March 2011 the Portuguese Prime Minister resigned a few hours after the latest austerity bill he backed was rejected by the rest of government. The government called that particular austerity round unacceptable.[20] In his resignation speech, Jose Socrates expressed concern that an IMF bailout akin to Greece and Ireland would now be unavoidable.
  • In mid-March 2011 the British Medical Association held an emergency meeting at which it broadly decided to emphatically oppose pending legislation in the British Parliament, the Health and Social Care Bill, that would overhaul the functioning of the National Health Service. Dr Layla Jader, a public health physician, said: “The NHS needs evolution not revolution – these reforms are very threatening to the future of the NHS. If they go through, our children will look back and say how could you allow this to happen?” And Dr Barry Miller, an anaethetist from Bolton, added: “The potential to do phenomenal damage is profound. I haven’t seen any evidence these proposals will improve healthcare in the long-term.”[21] There have also been various grassroots groups of UK citizenry virulently opposing the pending new bill, including NHS Direct Action,[22] 38 Degrees,[23] and the trade union Unite.[24]
  • One of the United Kingdom‘s most severe austerity measures came into the force of law on 9 December 2010: spending for higher education and tuition subsidies and assistance in English universities — historically rather substantial in scale — was cut by an astounding total of 80%.[25] That announcement and its implications, which included a near-tripling of student tuition fees from their previous levels[26] up to a new ceiling of £9000/year, led to a huge backlash amongst students who almost immediately took to the streets over various non-sequential days against this announcement, squaring off with police on several occasions including an instance where some students angrily entered the Conservative headquarters and smashed windows and destroyed its interior.[27]On the day of the passage of the measure itself, there was an explosion of street violence by enraged students and their allies, especially in London. There is an ongoing law enforcement investigation into, and even active pursuing of,[28] the participants of the violence over the various protest days, with particular attention focusing on the moments when a number of protesters successfully attacked a royal car driving on its way to a London event,[29] although they did not injure its occupants. Shouts of “off with their heads” were reportedly heard.[30] On 25 March 2011, Charlie Gilmour, son of Pink Floyd guitarist David Gilmour, became one of the more high-profile individuals to be officially charged in relation to those events.[31] As a result of these protests, a number of groups formed to combat the austerity measures that began with the cuts to higher education. One such example is Bloomsbury Fightback!, which is a group of radical students and workers in Bloomsbury, London, centred around the Bloomsbury Colleges in theUniversity of London and focusing on organising around education and employment issues, of which many are the result of the austerity measures, .
  • The group UK Uncut is one outgrowth of the anger felt by average citizens at austerity, albeit the group focuses not so much on combating the cuts themselves as on demanding that the rich, rather than the poor, pay the shortfalls causing the austerity in the first place — a sort of “tax the rich” movement. UK Uncut attempts to organise flash mob protests inside the highest-profile buildings of the businesses of the rich people avoiding tax or paying less than they should.
  • Around the same time as the heating-up of the England protests (but before the passing of the bill), students in Italy occupied theleaning tower of Pisa in a similar protest regarding its own educational system.[32]
  • On 27 November 2010, a massive protest against pending austerity took place in Dublin;[33] The Irish Examiner news service also reports on a 7 December 2010 clash around the Dáil where protesters threw smoke bombs and flares at police.[34] Additionally, La Scala in Italy experienced a clash on 8 December 2010 including scuffles with police.[35]
  • More generally, throughout 2009 and 2010, workers and students in Greece and other European countries demonstrated against cuts to pensions, public services and education spending as a result of government austerity measures.[36] There was a brief airport strike in Spain in December 2010, and assorted brief “general strike”-like actions in France have taken place, particularly around the very controversial plan of the French government to raise the retirement age from 60 to 62, a proposal which eventually successfully passed.
  • Further protests have since taken place in Greece and elsewhere, have continued throughout 2011 and 2012,[37] including in Nigeriawith major large street clashes against the withdrawal of fuel subsidies. There was also a major protest in London by UK groups from across that country on 26 March 2011,[38] centred around a protest call initially made by the Trades Union Congress but subsequently involving many other groups. In general, the UK’s round of austerity measures, or “cuts”, from April 2011 onward are understood by most of the population to be, as an aggregated phenomenon, the worst withdrawal of public services since those services’ foundings, in the early 20th century and the post-World War II era. The coalition government currently in power in Britain repeatedly reassures the public that these public sector cuts will be replaced by a “Big Society” underpinned by charitiesstart-up businesses and private enterprise. Critics counter on the one hand that such a model is effective back-door privatisation, and on the other hand that even assuming the “Big Society” is a genuine populist initiative, it still fails conceptually, since the very charities and start-up businesses touted in this model are also the ones being severely slashed or eliminated by the new austerity-fuelled economics of the government.
  • Participants in more militant forms of protest engaged in during the 26th March demonstration, who in total only comprised 1,500 people out of the estimated 250,000-500,000 total participants, have been relentlessly attacked by the government as “mindless thugs”[39] with the UK’s mainstream media including the BBC generally supporting this perception. This remains the case even though the fundamental seriousness of damage thus far remains debatable; much reporting seems to have focused on the smashing of a Santander bank branch’s glass entranceway doors by largely anarchist activists, who would have also been behind the simultaneous destruction of several automated teller machines and the scrawling of “class war” in graffiti on neighbouring walls — rather than destruction of infrastructure such as roads, bridges, schools or homes that would have indisputably comprised terrorismby any objective measure. There are those who would therefore argue that the activists, even if misguided in their actions, still technically only targeted the institutions (i.e., banks) perceived responsible for the cuts, and did not cross the line into more general mayhem. Nevertheless, the Home Secretary Theresa May vociferously advocates the review by authorities of UK terrorism law to determine whether the Metropolitan Police can legally extend their own powers of arrest and detention using those provisions. Talk of the approximately 1,500 people involved in the militant aspects of the anti-cuts march almost totally eclipsed the more general event of up to half a million peaceable, albeit still angry, protesters who say they have very real, very personal grievances against the government’s cuts plans.

[edit]Perspectives

Economist Richard D. Wolff has stated that instead of cutting government programs and raising taxes, austerity should be attained by collecting from non-profit multinational corporations, churches, and private tax-exempt institutions such as universities, which currently pay no taxes at all.[40] Groups like UK Uncut and the campaigners for a Robin Hood tax argue for a “tax the banks” strategy that is similar, as well as to argue that the banks and corporations severely underpay the taxes they already owe, and need to stop tax-dodging.

There are also those like Nobel Prize laureate Paul Krugman, who argue that austerity measures tend to be counterproductive when applied to the populations and programs they are usually applied to.[41] This argument holds that austerity measures tend not to revitalize economies by ‘getting people off of benefits and back to work,’ and similar, but rather that austerity simply depresses economic growth wholesale, which ultimately causes governments to lose more money in tax revenues than they would have if they had not enacted the austerity and instead created jobs and new infrastructure and industries. In countries with already anemic economic growth, austerity can engender deflation which inflates existing debt. This can also cause the country to fall into a liquidity trap, causing credit markets to freeze up and unemployment to increase. Advocates of these positions point to cases in Ireland and Spain in which austerity measures instituted in response to financial crises in 2009 proved ineffective in combating public debt and the countries got in ever more dire financial straits as 2010 and 2011 progressed.[42]

[edit]References

  1. ^ Harvey, D (2005) A Brief History of Neoliberalism
  2. ^ Klein, N. (2007) The Shock Doctrine
  3. ^ Chomsky, N (2004) Hegemony or Survival
  4. ^ http://www.irishcentral.com/news/Enda-Kenny-and-Eamon-Gilmore-will-renegotiate-EU-bailout-117573543.html
  5. ^ http://www.irishexaminer.com/breakingnews/ireland/bacik-dismisses-sinn-fein-calls-for-bailout-referendum-497233.html
  6. ^ “Στα χνάρια των Ισπανών αγανακτισμένων (On the footsteps of the Spanish ‘indignados’)” (in Greek). http://www.skai.gr. 26 May 2011. Retrieved 26 May 2011.
  7. ^ “300.000 πολίτες στο κέντρο της Αθήνας!” (in Greek). http://www.skai.gr. 5 June 2011. Retrieved 5 June 2011.
  8. ^ “”Αγανακτισμένοι”: Πρωτοφανής συμμετοχή σε Αθήνα και άλλες πόλεις” (in Greek). http://www.skai.gr. 5 June 2011. Retrieved 5 June 2011.
  9. ^ “Greece passes key austerity vote”. http://www.bbc.co.uk. 29 June 2011. Retrieved 29 June 2011.
  10. ^ Siddique, Haroon; Batty, David (29 June 2011). “Greece austerity vote and demonstrations – Wednesday 29 June 2011”. London: http://www.guardian.co.uk. Retrieved 1 July 2011.
  11. ^ Smith, Helena (1 July 2011). “Greek police face investigation after protest violence”. London: http://www.guardian.co.uk. Retrieved 3 July 2011.
  12. ^ “TEAR GAS FIRED AS GREEK POLICE CLASH WITH ATHENS PROTESTERS”. http://www.amnesty.org. Retrieved 30 June 2011.
  13. ^ “GREECE URGED NOT TO USE EXCESSIVE FORCE DURING PROTESTS”. http://www.amnesty.org. Retrieved 30 June 2011.
  14. ^ “Back when peaceful demonstrations in Greece were massive and meaningful…”. http://www.ireport.cnn.com. Retrieved 3 July 2011.
  15. ^ Donadio, Rachel; Sayare, Scott (29 June 2011). “Violent Clashes in the Streets of Athens”. http://www.nytimes.com. Retrieved 3 July 2011.
  16. ^ “Επιστρέφουν στην Πλατεία Συντάγματος οι Αγανακτισμένοι για να εμποδίσουν την ψήφιση του βασικού εφαρμοστικού νόμου” (in Greek). Retrieved 30 June 2011.
  17. ^ “Πλήγμα για την Ελλάδα το βομβαρδισμένο κέντρο” (in Greek). Retrieved 30 June 2011.
  18. ^ “Απομακρύνθηκαν οι “Αγανακτισμένοι” από τον Λευκό Πύργο”. http://www.protothema.gr. Retrieved 9 August 2011.
  19. ^ “Movimiento 15-M: los ciudadanos exigen reconstruir la política (15-M Movement: citizens demand political reconstruction)”. Politica.elpais.com. 2011-05-17. Retrieved 2011-05-22.
  20. ^ “Portugal PM Jose Socrates resigns after budget rejected”BBC News. 23 March 2011.
  21. ^ “Doctors want halt to NHS plans but reject opposition”BBC. 15 March 2011.
  22. ^ http://www.nhsdirectaction.co.uk/
  23. ^ http://www.38degrees.org.uk/page/s/Protect_our_NHS_Petition#petition
  24. ^ http://www.unitetheunion.org/sectors/health_sector/unite_4_our_nhs.aspx
  25. ^ Mulholland, Hélène (2010-12-09). “Lib Dem parliamentary aide quits over tuition fees as MPs prepare to vote”guardian.co.uk(London: Guardian News and Media). Retrieved 2011-01-04.
  26. ^ http://www.thisisleicestershire.co.uk/news/Lib-Dems-join-key-vote-tuition-fees-rise/article-2974808-detail/article.html
  27. ^ “California university students protest tuition hikes”CNN. 18 November 2009.
  28. ^ “Latest Suspects Wanted For Violent Disorder And Affray”Daily Mail (London). 20 March 2011.
  29. ^ “Student protests: Radio failure claims rejected”BBC News. 11 December 2010.
  30. ^ http://abcnews.go.com/International/british-prince-charles-royal-car-attacked-luck-photographer/story?id=12363034
  31. ^ Davies, Caroline (25 March 2011). “Charlie Gilmour to stand trial over attack on royal convoy”The Guardian (London).
  32. ^ “Italian student protesters occupy Leaning Tower of Pisa”BBC News. 25 November 2010.
  33. ^ http://www.thirdage.com/news/dublin-unions-protest-harsh-austerity-plan_11-27-2010
  34. ^ http://budget.breakingnews.ie/news/protesters-target-dail-over-cuts-484837.html
  35. ^ “Italian cuts spark fight at the opera for La Scala”BBC News. 8 December 2010.
  36. ^ Kyriakidou, Dina (4 August 2010). “In Greece you get a bonus for showing up for work – Arcane benefits add billions to Greece’s bloated budget”. Toronto: thestar.com. Retrieved 29 September 2010.
  37. ^ “Riots in Greece as austerity measures start to bite”Austerity Bill. 23 February 2011.
  38. ^ Taylor, Matthew (14 March 2011). “Anti-cuts campaigners plan ‘carnival of civil disobedience'”The Guardian (London).
  39. ^ “Home Secretary Theresa May condemns protest ‘thugs'”BBC News. 28 March 2011.
  40. ^ Wolff, Richard (4 July 2010). “Austerity: Why and for Whom?”. RDWolff.com. Retrieved 29 September 2010.
  41. ^ Krugman, Paul (1 July 2010). “Myths of Austerity”The New York Times.
  42. ^ Leung, Sophie; Salamat, Rishaad (11 November 2010). “Stiglitz Says Ireland Has Bleak Prospect of Cutting Deficit, Saving Banks”.Bloomberg.
  1. ^ Elmhirst, Sophie (24 September 2010). “Word Games: Austerity”. New Statesman. Retrieved 29 September 2010.
  2. ^ Traynor, Ian; Katie Allen (11 June 2010). “Austerity Europe: who faces the cuts”. London: Guardian News. Retrieved 29 September 2010.
  3. ^ Wesbury, Brian S.; Robert Stein (26 July 2010). “Government Austerity: The Good, Bad And Ugly”. Forbes.com. Retrieved 29 September 2010.
  4. ^ “Word of the Year 2010”. Merriam-Webster.
  5. ^ “Greek austerity measures could violate human rights, UN expert says”. http://www.un.org. 30 June 2011. Retrieved 3 July 2011.
  6. ^ Harvey, D (2005) A Brief History of Neoliberalism
  7. ^ Klein, N. (2007) The Shock Doctrine
  8. ^ Chomsky, N (2004) Hegemony or Survival
  9. ^ Wolff, Richard (4 July 2010). “Austerity: Why and for Whom?”. RDWolff.com. Retrieved 29 September 2010.
  10. ^ Kyriakidou, Dina (4 August 2010). “In Greece you get a bonus for showing up for work – Arcane benefits add billions to Greece’s bloated budget”. Toronto: thestar.com. Retrieved 29 September 2010.
  11. ^ Costas Kantouris and Nicholas Paphitis (10 September 10 2011). “Greek police, firefighters protest”The Boston Globe.Associated Press Sm,meme,emme,e,e,e. Retrieved 29 September 2011.
  12. ^ Leung, Sophie (2010-11-11). “Stiglitz Says Ireland Has Bleak Prospect of Cutting Deficit, Saving Banks”. Bloomberg. Retrieved 2011-07-01.
  13. ^ Deborah Summers (26 April 2009). “David Cameron warns of ‘new age of austerity'”The Guardian (.). Retrieved April 26, 2009.
  14. ^ M. Nicolas Firzli & Vincent Bazi (Q4 2011). “Infrastructure Investments in an Age of Austerity : The Pension and Sovereign Funds Perspective”Revue Analyse Financière, volume 41. Retrieved 30 July 2011.
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Its a done deal! United States dollar No Longer world reserve currency!

By:Daniel J Leach

“Nothing Happens That Hasn’t Been Planned ” Franklin Roosevelt

Decentralized money, does not mean its out of government control. What we need free market money, where the market sets the values and picks what the currency. The reason why gold and silver are the best is they follow the Principle of Sound Money (google it). Banks should be ran like any other business. They are free to enter without the control of the government. This means less regulations and more freedom.

All the fiat and T-bills are going to come back to the U.S and European Union. Economy going to implode hardcore, the ‘West’ is going to fight this as hard as possible, they will not accept it until they are forced to realize their defeat.

RON PAUL was RIGHT! This CAN be good for the US because MAYBE this will wake the American people up and stop them from watching the BOOB TUBE!  So the question is who makes up the new fiat paper money and then collects the interest on it. Same crap different mob.  Its called the IMF.

I see a future where the US plus the Europeans on one side and the BRICS on the other side engaging in a non ending economic cold war that may turn into indirect military confrontations using proxy countries like Syria, Iran, Israel and others. The rest of the world will create a non aligned economic and political movement. You are dreaming if you think the US will ultimately go down. They will always create a situation where they will come on top.

What I have detected, in the Video are mis-leading in this report. In saying World Bank & IMF has outlived its “USEFUL”ness and a New World BRICs Bank, is deceptive, because what they don’t explicitly say, is that the Federal Reserve Bank, will have to bail out any of those BRIC bank “loans” [that never get paid back] with USA denominated dollars. So the USA taxpayer will still be on the hook. WE MUST get back to silver and gold, and close the Federal Reserve Bank.

The fact that these countries are now talking about and getting ready to leave the US Dollar and it’s crooked IMF behind is now showing that these people have both guts and brains. The American people could learn valuable lessons from them regarding how to get an allegedly crooked president and monetary banking system out of their country and out or their lives.

This is the best news and the first true sign of hope I’ve seen in ions.

stbartels12 in reply to DoppelplusDeldenk (Show the comment) 5 hours ago

It’s a done deal! Wonder when the gov’t is going to let everyone know they just lost their power!!

BYE BYE DOLLAR IT WAS FUN ! USA dollar NO LONGER world reserve currency! 

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