Greece In The Grips of Economic Depression Today, March 27, 2014, the IMF released the broad outlines of its terms and conditions for loans and other measures for the Ukrainian economy. What those…
Tag: economy
Since 1935, the following seal appears on the reverse side of every $1 dollar Federal Reserve Note: Annuit Coeptis is Latin for “Providence Favors our Undertakings” and Novus Ordo Seclorum is Latin for “New Order of the Ages” As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a “democratic system”, but there is nothing “democratic” about the Federal Reserve. Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy.
“The U.S. worked hard to create the American dream of opportunity. But today, that dream is a myth.” Economist Joseph Stiglitz, Financial Times If you follow the financial news, you already know that the American people are on an epic downer. Just check out some of these headlines I pulled up in a five minute Internet search and you’ll see what I mean: “Gloom and doom? Americans more pessimistic about future” Las Vegas Review “U.S. Standard of Living Index Sinks to 10-Month Low; Expectations for future standard of living drops more than current satisfaction” Gallup “Americans Still Pessimistic About Economy–Almost 70 percent think the economy is in bad shape” Time Magazine ‘Slipping behind’: Are we becoming a nation of pessimists?” NBC News
The alleged recovery took a direct hit from Friday’s payroll jobs report. The Bureau of Labor Statistics reported that the economy created 74,000 net new jobs in December. Wholesale and retail trade accounted for 70,700…
JP Morgan Pays $2 Billion to Avoid Prosecution for Its Involvement In Madoff Ponzi Scheme JP Morgan: Ponzi Schemer Bernie Madoff has said all along that JP Morgan knew about – and knowingly profited from – his Ponzi schemes. So JP Morgan has agreed to pay the government $2 billion to avoid investigation and prosecution. While this may sound like a lot of money, it is spare sofa change for a big bank like JP Morgan. It’s not just the Madoff scheme. As shown below, the big banks – including JP Morgan – are manipulating virtually every market – both in the financial sector and the real economy – and breaking virtually every law on the books. Here are just some of the recent improprieties by big banks: Laundering money for terrorists (the HSBC employee who blew the whistle on the banks’ money laundering for terrorists and drug cartels says that the giant bank is still laundering money, saying: “The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers …. Banks financing … terrorists affects every single American.” He also said: “It is disgusting that our banks are STILL financing terror on 9/11 2013“. And see this)
Capitalism in Crisis: Who are the REAL “Takers”? Capitalism is in crisis across the globe. When both the President of the United States and the Pope take out after its worst manifestations within days of each other, you know there’s an internal time-bomb inside this dysfunctional economic system. Though the American population clearly feels and is forced to deal with the ramifications of this failing system, it’s highly unlikely that capitalism will be dismantled in favor of full-scale socialism. (Even though recent U.S. polls demonstrate that “socialism” no longer is a boogeyman to be frightened of.) So the question now is which type of economic system do we want to live under: hard line, I’ve-got-mine-Jack-you’re-on-your-own capitalism? “capitalism with a human face”? democratic socialism? a new blend?
hat-tip: Michael Snyder of Activist Post (and with more key info) This 23-minute interview is Karen Hudes explaining what she learned as World Bank Senior Counsel until she was fired for whistleblowing in 2007: A 1% cabal control government, economics, media (and here), who…
The President of Brazil, Dilma Rousseff announces publicly the creation of a world internet system INDEPENDENT from US and Britain ( the “US-centric internet”). Not many understand that, while the immediate trigger for the decision (coupled with the…
New Revelations Are Breaking Every Day Revelations about the breathtaking scope of government spying are coming so fast that it’s time for an updated roundup: Just weeks after NSA boss Alexander said that a review of NSA spying found not even one violation, the Washington Post published an internal NSA audit showing that the agency has broken its own rules thousands of times each year Each violation could have resulted in many Americans being spied upon. The ACLU notes, “some of these incidents seem to have implicated the privacy of thousands or millions of innocent people”
Nearly 80 percent reportedly face joblessness, poverty, or welfare at some point in their lives Economists say poverty is no longer an issue of “them” vs. “us.” President Obama’s recent “pivot” back to the economy,…