Ok. We get it. JP Morgan and Goldman Sachs control the UK and the USA. Fundementallyt these people are nazis and anglo-saxon world is lookin more and more like Nazi German. Except from buying metal which I think ALL of us do. What else could the rest of the world should do to liquidate God’s envoy business ? Closed all my bank accounts and the metal is not in a bank. A part from that, what can an ordinary Joe do against these bastards ? Start a barter company, Go underground ?
for myself its a compleat transformation of how i think. the ideals i used to uphold i now find are just fraudulent. the concepts we have held dear to our hearts are the very ideals that keep us chained up. we have lost our perception of how things work. we dont know where our food comes from. we dont know how a car works. we dont know where our money comes from. we believe we can find love. we believe we can find a soul mate(ideas that help us cope with the copious amount of shit we swallow every day: if i find a soul mate it makes all the sacrifices worth while). recently read a book on the history of the battle of vimy ridge. pierre berton says near the end that this battle helped forge a nation out of a sea of immigrants. we finally felt canadian. but he asks: was it worth it? was all those deaths, and mutilations from the battle worth it? and he says: no.
so i say no. am i negative? perhaps. but i do know that i cant continue to pretend anymore. its too expensive
Your comments regarding Canadian spirit are intriguing. I am from California and find much of my identity comes from the California culture.
The despondency comes from realizing just how victimized the people of the planet are by these financial terrors.
The nuking of the planet’s financial networks is very scary to people who have alot of their worth tied into it. If you are not so hinged to these financial instruments, then perhaps it is not as scary.
The current events may be a precursor to the loss of national sovereignty globally. The globalists are attempting to create and hold global power. We citizens of various nation-states should oppose this consolidation of legal and economic power because it is anti-democratic.
If the United States government and other national governments have leaders who kowtow to these financial terrors, they are not representing us. National referendum processes similar to those being undertaken in Iceland, Portugal, and other nations will be needed in order to separate and isolate the financial deviants from the people’s long term interests.
@ Phil – are you in Germany? If so, what is the economic situation there? Are you seeing small business decay and close? We are seeing much of these closures here in California.
WE all know the banksters are stealing us blind and putting all of us in the poor house.
Next question. What can anyone do about it. Right now nothing. The banksters own the courts and control any control over them. Thats why they keep stealing even out in the open now.
Some are hoping that an election will stop this stealing. Thats a year away. I beleive the banksters will find a way to hinder any idea of putting in not bought off politicans by that time. And it appears the banksters are planning a war or another 9-11 to put the world into marshall law very soon. Soooo.
What can anyone do to survive the slavery and catasrophe that is looming just ahead. i”m praying hard that the moron bought off populace wakes up in time to put a stop to this facisim.
I ask people now and again how business is going and ask them what their customers are saying.
My PC White-Box-Maker friend says that all his (small business) customers have simply stopped buying or even calling. He says his revenue is now 100% on Ebay , selling second-hand spares to private people.
The ADAC ( Automobile Club ) reported that the number of breakdowns has increased because people no longer service their cars as often as they shoud.
A garage owner I know says business has been very slow for years now and is not getting better.
A landscape gardner I know mentioned that he has big problems getting people to pay and now has to double check his customer’s before taking on new work .
Many local high-street names have closed shop – some established over 100 years ago. I guess this has a lot to do with being able to buy cheaper online.
Recently in the news was that a Catalogue Company ( sells via it’s catalogue ) now sells more than 50% of it’s wares ONLINE !
The German society is divided into two classes :
A. those that are Establishment Members ( politicians, lawyers, doctors etc.)
B. those that are not !
The difference is very clear .. group A continues to buy expensive luxury cars like Audis and Mercedes, the others struggle to keep what they’ve got.
BTW .. ADAC reported that 66% of ALL German private cars are leased .. not owned !
What we see going on in Germany and now worldwide – centralization of money , means those at the centre are doing well, those on the outside struggle.
Today , I met a 60+ year old guy that owns a plot of industrial land , ca. 10,000 square meters, on which he has his own garage and sublets to a few others ( garages run by Turkish owners ). On Saturdays, he ( the owner ) spends the day offering his tarmac space as parking for the nearby junk market, collecting 2 Euros per car !!!
On German TV , no mention of the “state of the nation” … of course not, those TV people , especially state-TV people, earn fortunes.
The German disease of “Centralization” is getting ridiculous here.
We have ca. 1 million people employed ( in “Krankenkassen” ) alone by the state just to “count” the medical insurance fees that people pay.
An ex girlfriend of mine was actually “Press speaker” for the “Chambers of Doctors” where it was stated that more than 50% of the medical insurance we pay each month goes to paying the “Administration” … before the doctors and hospitals see any money. You can easily recognize the Krankenkassen buildings, they are usually brand new palaces !
The wife of another friend of mine works for one of these Krankenkassen … HALF DAYS … and earns more than my friend in his full time job.
Last words …
If the state has to reign back it’s fat and greedy appetite and sack all those parasites, then the last people in Germany that are “OK” will be gone.
The “successful and rich” entrepreneur or small company owner is long gone … wither BK or has left for other countries.
thanks phil/germany for that info.. iNteresting stuff. Sounds alot like the usa. Excpet in the usa the haves are government emplyees or folks with contracts to the governement. And have nots are the us private workers. I read that 51 percent of the usa is employed by the government now. Don’t know if thats true. But that would be crazy. And that most of the money thats owed in the by the usa governemnt is to pay pensions for ex governement employees. Which I’m not sure of as well. But I have heard that.
Thanks again for your rundown of the state of germany.
This is Catherine’s links to articles and videos on the missing money.
http://solari.com/archive/missing_money/ She has the video of Rumsfeld admitting on 9-10-2001 that he could not trace 2.3 trillion dollars in Pentagon spending.
re Germany
Here in south things look deceptively normal. No housing bubble / crisis at all. I don’t think most people here realise how crazy the bank was in the UK/US. Of course there have been some big banking scandals, and many international businesses feel the pinch. At the end of 2008, quite a few small local shops closed, presumably those that were on the edge anyway and could see the writing on the wall. Some big retailers went down last year, and of course Opel (GM) was big news. Car sales went crazy, and are presumably now dried up after last year’s Govt scrappage scheme. But there are also a lot of local businesses that are doing well. Shops were mostly busy this morning….
Unfortunately, Germany is not spared some crappy politicos. Soon to be EU-Energy minister Gunter Oettinger really knows how good he is at English, and is keen to demonstrate: http://www.youtube.com/watch?v=sunxX-_TBSQ
Washington DC prepares to shut down for massive snowfall dubbed “snowpocalypse”
Washington DC was grinding to a halt on Saturday as the US capital prepared for its heaviest snowfall in nearly a century, dubbed “snowpocalypse” and “snowmageddon”
ROFL
Tis ones fer ya Snoot
Do animals take Vaccines Who Invented Vaccines Why
Hic
Why 10 Billion Dollars Whats so urgent
Hic
Baalbek Ruins !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I read that 51 percent of the usa is employed by the government now. Don’t know if thats true.
Looks more or less true
The art is to slice n dice a population
300 mill 100 workin class remaining retired n Kids
15 % unemployed
85 mill
4 mill in Military X 3 peeps to handle those guys one fer food one fer transportation one fer diner
12 mill by most moderate standards
now supporting structure
naa cant be 51 %
Closer to 30 % Me Thinks
Hic
@jon …. in the usa the haves are government emplyees or folks with contracts to the governement.
That is basically what I also tried to explain about Germany.
BTW, I think the # of Govt. workers is 22 million in the USA.
Germany has ca. 10% / 8 million from 80 million.
Of course , only ca. 40 million of those 80 are “workers”, so that sort of makes it 20% !
Ooooooh tis shiny thing in ta rock must be worth worth
hmmm zero
how do I market tis
Hic
Carbon credits hmmmm naa peeps wont buy tat
lets re write history
call it the 6000 year old Scam err monetary money
Hic
Hmmm Hmmmm
Now tat peeps own land n I cant access tat fuks land fer his OIL which I can sell
Hmm hmmm lets make sure Govt’s own ta land
Hmmm hmmm seems viable lets see
PFFFFFTTTTt
Hic
@phil
Actually I’m in Rheinland Pfalz. One “Local” firm is SAP, just over the border in Baden-Wurttemberg. They let go of 700 voluntary redundancy in Germany of (12k??). But it’s difficult just “getting rid” of employees – six months notice – and notice (or resignation) can only be tendered on two days per year. Not so much a hire and fire company.
@Phil/Germany –
Thank you for your observations in Germany.
Here are some observations in Califonria.
A review of the Labor statistics in California reflects observations in the streets of the state.
Many who are not familiar with California do not understand the diversity of the economy, the geography, and the people in the state. For this reason, it is reasonable to consider California a nation of its own.
Historically, most do not understand that prior to the Spanish/Mexican settlements in California started by the Catholic Church (Father Junipero Serra), the Russians had a number of settlements in the North (Fort Ross). The native American indians were essentially run off their ancestral lands between 1700-1900. These Indian tribes were essentially moved from freedom to enslavement on reservations.
Three hundred years later, some of the indians must be laughing at their former captors. After getting gambling laws changed and then building Indian gaming casinos, these tribes are sucking millions per day from the California economy through their casinos.
Interestingly, there are published news reports which tie non-Indian owned casinos in the Los Angeles area to organized crime elements that are funding the civil unrest and war in the Middle East. Specifically, LA Times published stories about a casino in Hawaiian Gardens and Gardena which both were questionable in where the$$$$ ended up. Suffice it to say that the US and Caifornia government is permitting these economy draining activities while the productive part of the economy dies.
Major industrial corporations like the military and NASA contractors have fled California. At this point, the only companies that appear to be growing in California are electric car and solar panel companies. Even Silicon Valley appears hamstrung in its budgets.
Los Angeles City Council is in the midst of a giant ballte to save the city, literally. The city is already a quarter BILLION dollars in debt. Yet, the political leaders lack the spine to stop programs and halting jobs. Instead, they are told that the layoffs will further harm the economy.
What economy?
Even the movie industry moved to Canada.
The aerospace jobs moved to Texas, Florida, and Kansas.
The auto jobs moved to Tennessee.
The info tech jobs were outsourced to Pakistan and India.
The call centers were outsourced to the Phillippines.
what was left in the last ten years were small businesses.
I have made the following observations:
If the mall was constructed in the last 8 years, the vacancy rate is higher than if the mall is old and built 20-30 years ago.
The small mom-and-pop businesses are still going in those old strip malls built in or around the 1980 timeframe. But, if the mall was constructed after 2000, the rent is too high to survive. The big boxes are closing and the chains are liquidating.
The state unemployment data showed that in some cities, the unemployment rate in these rural areas is reaching 25-30 percent. That’s right. That’s what I said… no mistake … twenty-five to thirty percent reported. This is not counting the people who have stopped looking or are dropped out of the system.
In order to investigate if the U/E rate was really reflective of the honest situation, I decided to call the 800 toll free number for registration of unemployment to the state program. The 800 number had a recording playing with no ability to leave a message and simply hangs up. The message was to register online. It appears to me that there is no one staffing the line.
A YouTube video was posted by EDD but it does not state where the call center is located. More importantly, the call center must not be functioning because the line is not picked up. I placed an inquiry email to the EDD and also did not get a response through their web interface.
Therefore, my conclusion is that the reported unemployment rate is LOWER than the reality. Plus, in my private office, we have seen more than 10 percent of the families moving home addresses in the last 90 days. This means that there is tremendous population shifting occurring during the Census of 2010.
The Census itself is suspect when there is so much movement which is displacing people. It is entirely possible that the same person could be counted in several locations.
@CalDOc … ” I have made the following observations:
If the mall was constructed in the last 8 years, the vacancy rate is higher than if the mall is old and built 20-30 years ago. “…
Sounds like the NEW Malls were built using Debt rather than cash.
Squash Clubs in Germany went through a similar phase.
Those that were smaller and built using 100% cash , survived.
The bigger clubs were financed via bank loans, and from day 1 could never meet their financing obligations.
I know personally of a case where the owner changed about 4 times before finally being taken over and owned by a bank !
The outstanding debt was 30 mio. DMs ( 15 mio. Euros ), which means that about 1 million Euros per Year would be needed to pay the interest alone !
Impossible basically !
PS: of course, the customer-prices in the bigger clubs were far too high !
.. and defeated the object of the excercise … drove people away.
it just means that fundementally there is no difference between your Republican Tea Baggers and these mother fu-kers limousine liberals. No difference. A republican tea bagger is just less hypocrit about the imperialist rape and plunder neo-con neo-USA-nazi agenda.
Left and right are meaningless in today’s paradigm,
Top and bottom more fittingly describe the divide.
Speculators on top, savers on the bottom.
This is the antithesis of capitalism,
it is debtism, which is slavery.
The U.S. economy unexpectedly lost 20,000 jobs last month, a report showed, and the Treasury prepared to sell a record-tying $81 billion in notes and bonds next week.
Notice that 39% of the voters moved position with a substantial majority of the voters taking the position that California is indeed the first failed state of the United States.
Thanks for putting the complete introductory ‘key of F’ song on the front, plus the trailing song at the end. First time they’ve existed in their entirety. Really toe-tapping great stuff!
- Bill
Bob Chapman posted the arical below—-anyone heard about his yet??
Foreigners are buying less and less US dollar denominated assets, specifically Treasury and Agency bonds. As an example, Russia is buying Canadian dollar denominated assets. We ask how does the US fund its debt and its growing debt? The administration is planning for some sort of exchange of retirement funds for a government guaranteed annuity. That is so they can fund their enormous debt domestically as Japan has done for almost 20 years. Who would want to have a government guaranteed annuity from a bankrupt nation? It should also be noted that these retirement plans are still vastly under funded. What will happen if the Dow again revisits 6,600 and these funds’ assets again fall 40 percent? The collateral behind any annuity would be almost cut in half. We will have to see what the government comes up with but any kind of voluntary plan would in time become a mandatory plan. The funds may well be funneled to insurance companies, so they can take part of the action, but they will be buying Treasuries and Agencies with those funds, you can take that to the bank. One of the rumors floating about is that a new 5 percent tax will be foisted upon what is left of American taxpayers, in the form of forced savings, which would be in the form of an annuity. The need for funds to run the government is advancing by more than 10 percent a year, as government becomes bigger and bigger. We see no abatement in Marxist, socialist or fascists in government in their desire to spend to make government ever bigger.
“Beef is not what Jay said to Nas…Beef is when the working folks can’t find Jobs… They tryin’ to find N**** to rob…Tryin’ to find bigger guns so they can finish the job…Beef is when the crack babies can’t find moms cause they in a pine box or locked behind bars…Beef aint the summer jam on Hot 97…Beef is the Cocaine and AIDS epidemic…Beef don’t come with a Radio-Edit…Beef is when the judge is calling you defendant…Beef…it comes with a long jail sentence…handed down to you in a few short minutes…Beef is when your girl comes through for a visit to tell that she pregnant by some other n***…Beef is high blood pressure and bad credit…need a loan for your home but you’re too broke to get it…All your little kids is doing is getting bigger…You trying not to raise em’ around the wild n*****…Beef is not what these famous n***** do on the Mic…Beef is what George Bush would do in a fight…When soldier enters life…with his own gun…Beef is trying to figure out what to tell his Son…Beef is oil prices and geopolitics…Beef Iraq, The West Bank and The Gaza Strip…Some Beef is Big and Some Beef is Small but what ya’ll call Beef is not beef at all…Beef is real-life happening everyday…and its real-er than them songs that you gave to kay slay…this has been a real N**** PSA from MOS DEF pretty-flacko-black-dante and the Black-Star-Embassy B to the K.” -THE MIGHTY MOS DEF
Keiser Report – Markets! Finance! Scandal! – 014
Keiser Report
Foreign Investors want to walk away from US Bonds for same reasons American home owners want to walk away from their mortgages – THERE IS NO HIDING THE FACT THAT the contracts / investments are SUBSTANTIALLY WORTHLESS.
If a growing number of American borrowers are free of paying mortgages because lenders can’t evidence their right to collect the debt – why would China and Russia continue to invest in the Bonds that represent them?
Foreign Investors and American borrowers have the same beef with the banking, financial and mortgage establishments; the fraudulent activity in the financial industry created a “cloud on title” separating borrower from investor by eviscerating any form of a “chain of title”.
This “smokescreen” or “cloud on title” is conveniently obscuring the real value of troubled assets and the large amount of red ink on the balance sheets of these insolvent financial institutions. Fortunately for astute homeowners, this fraudulent business model is the ticket to raise the issue of an overall lack standing on the part of what LivingLies has accurately described as “pretender lenders”. Ironically, the underlying issue being raised by borrowers in many foreclosure cases is simple – Where’s The Beef?
As above so below
The reckless policies illustrated by the cheap fabrication of money by the worlds Economic Leader – The Federal Reserve Bank – is being mirrored in the foreclosure/housing market by pretender lenders fabricating “chain of title” – “out of thin air” – to represent real money – thereby impugning the integrity of County Recorders, State & Federal Courts and the entire legal system.
Ultimately all forms of “money” – whether it’s a Federal Reserve note or Trustee’s Deed upon Sale – must be based upon something REAL.
Profit motive created pressure that fueled an abandonment of ethics by real estate appraisers and the Wall Street Rating agencies. That pressure came from the high velocity of cheap money provided by Greenspan and Bernanke 0% interest rates that blew up a housing bubble that burst. And as it stands as a result of those policies, there is no chance for Americans to fulfill mortgage obligations without the ability to find a job.
The 5-Point Economic Destruction Technique
(1) This is the result of over-valued mortgage contracts empowered by a 0% interest rate Federal Reserve;
(2) Implicitly guaranteed by GSE’s (Fannie, Freddie, Ginnie and MERS)
(3) Peddled to borrowers and investors through a web of speculative housing, real estate appraisers, Mortgage servicers, Mortgage Brokers, and the Main Street Commercial Banks working in collusive silence with Wall Street Investment Banks and Rating Agencies who collectively sold toxic assets to foreign investors under the guise of Triple A-rated “Sovereign Debt”;
(4) Yet took out Credit Default Swap insurance against them;
(5) All at the same time.
Now, the same U.S. Government, who (a) interfered with the housing market in the first place has (b) bailed out the same Banks who (c) knowingly and willfully financed and duped foreign investors into buying “Triple A-Rated” mortgage securities backed up by “stated incomes” that were (d) implicitly guaranteed by out-of-control Government Sponsored Enterprises.
This has been loose-loose for the Borrower and Investor and Win-Win for the Banks and governments who supported & rewarded these criminal economic policies.
Formal slavery never ended – it just renegotiated its contract into the form of debt-slavery to take in everyone.
The question is – what are borrowers and investors going to do about it?
@dan valley
Your’e a couple of miles near the North Pole. Harper that cynical s.o.b. from the federal government wanted to get rid of protesters. I gives you a just idea what these Conservatives think about ordinary people. I am surprised that didn’t hold their reunion on an Iceberg smack in the middle of nothing.
@Max – On the Edge!
You are dead on correct about the gang style financial terrorism that holds a person down while the rest pounce on the hapless poor victim while the robbers run their hands through the empty pockets of the victim. These moronic financial terrorists claim whatever nationality suits their legal defense argument of the day.
One day their Canadian, the next their South African, then they’re Israeli, then their Swiss, and then their American but in the Caymans or Mexican or whatever suits their need.
Meanwhile the blind stooges in the halls of the IRS, FBI, and whatever other alphabet soup agency can’t see the manure in front of their face. Somehow these bribed up regulators can’t see, can’t smell, and can’t feel it even when the internet rubs their face in the fertilizer.
I got something else to say to Catherine Austin Fitts.
Let’s instead say that the small business is your local doctor’s office.
We, doctors in private practice, we are stuck borrowing money at 6-7% which doubles the principal’s costs in 10 years and basically leaves your doctors beholden to the drug companies, hospitals, and banks for survival.
This is not a good situation!
You can not have your objective medical opinions stuck in a situation where the doctor must subordinate decisions on your survival to the Bank Mafia.
Genocide has many names. Whether it is the mafia in one ethnic community or another (Russian, Jewish, Italian, Japanese Yakuza, Chinese Triad, Irisch Catholics, etc etc etc), the eye-for-an-eye gang approach does not lead to increased security.
Making the doctors go out of business in one ethnic community or another KILLS in the long term (i.e. over years).
Instead of survival of the fittest. We have survival of the fraudulent!
@Cali Docton
And you ain’t seen nothin as the country goes at the speed of light to a status of third world country and a banana republic. Suvival of the most vicious. Idealism didn’t just die in the Soviet Union. It died also in the USA. You ain’t seen nothin yet. Vicious people like Clinton Obama Bush want you even poorer. It’s not about increasing global wealth across the world. It’s about increasing their own personal wealth. Savage return to the mean and of the mean.
Unos
Catherine Austin Fitts
I like her good wistle blower
Hic
Ok. We get it. JP Morgan and Goldman Sachs control the UK and the USA. Fundementallyt these people are nazis and anglo-saxon world is lookin more and more like Nazi German. Except from buying metal which I think ALL of us do. What else could the rest of the world should do to liquidate God’s envoy business ? Closed all my bank accounts and the metal is not in a bank. A part from that, what can an ordinary Joe do against these bastards ? Start a barter company, Go underground ?
for myself its a compleat transformation of how i think. the ideals i used to uphold i now find are just fraudulent. the concepts we have held dear to our hearts are the very ideals that keep us chained up. we have lost our perception of how things work. we dont know where our food comes from. we dont know how a car works. we dont know where our money comes from. we believe we can find love. we believe we can find a soul mate(ideas that help us cope with the copious amount of shit we swallow every day: if i find a soul mate it makes all the sacrifices worth while). recently read a book on the history of the battle of vimy ridge. pierre berton says near the end that this battle helped forge a nation out of a sea of immigrants. we finally felt canadian. but he asks: was it worth it? was all those deaths, and mutilations from the battle worth it? and he says: no.
so i say no. am i negative? perhaps. but i do know that i cant continue to pretend anymore. its too expensive
Interview Guest Request for …
Bernard Connolly
chief economist of some big bank somewhere but with the redeeming feature that he wrote “The Rotten Heart of Europe”.
@Max … you still had 30 seconds left at the end, before cutting off what Catherine wanted to say.
What “did” she say … afterwards , I hope ?
Anatomy of a Breakdown
http://www.youtube.com/watch?v=Ek8nx3SbHZg&feature=sub
Very good .
@nick –
Your comments regarding Canadian spirit are intriguing. I am from California and find much of my identity comes from the California culture.
The despondency comes from realizing just how victimized the people of the planet are by these financial terrors.
The nuking of the planet’s financial networks is very scary to people who have alot of their worth tied into it. If you are not so hinged to these financial instruments, then perhaps it is not as scary.
The current events may be a precursor to the loss of national sovereignty globally. The globalists are attempting to create and hold global power. We citizens of various nation-states should oppose this consolidation of legal and economic power because it is anti-democratic.
If the United States government and other national governments have leaders who kowtow to these financial terrors, they are not representing us. National referendum processes similar to those being undertaken in Iceland, Portugal, and other nations will be needed in order to separate and isolate the financial deviants from the people’s long term interests.
@ Phil – are you in Germany? If so, what is the economic situation there? Are you seeing small business decay and close? We are seeing much of these closures here in California.
At least Vietnam admits rigging gold as currency intervention
http://gata.org/node/8301
@CaliDocK:
Just be careful you don’t jump out of the fryng pan into the fire.
Cause ICC is no better than the supreme court.
WE all know the banksters are stealing us blind and putting all of us in the poor house.
Next question. What can anyone do about it. Right now nothing. The banksters own the courts and control any control over them. Thats why they keep stealing even out in the open now.
Some are hoping that an election will stop this stealing. Thats a year away. I beleive the banksters will find a way to hinder any idea of putting in not bought off politicans by that time. And it appears the banksters are planning a war or another 9-11 to put the world into marshall law very soon. Soooo.
What can anyone do to survive the slavery and catasrophe that is looming just ahead. i”m praying hard that the moron bought off populace wakes up in time to put a stop to this facisim.
@CalDoc … basically Yes !
I ask people now and again how business is going and ask them what their customers are saying.
My PC White-Box-Maker friend says that all his (small business) customers have simply stopped buying or even calling. He says his revenue is now 100% on Ebay , selling second-hand spares to private people.
The ADAC ( Automobile Club ) reported that the number of breakdowns has increased because people no longer service their cars as often as they shoud.
A garage owner I know says business has been very slow for years now and is not getting better.
A landscape gardner I know mentioned that he has big problems getting people to pay and now has to double check his customer’s before taking on new work .
Many local high-street names have closed shop – some established over 100 years ago. I guess this has a lot to do with being able to buy cheaper online.
Recently in the news was that a Catalogue Company ( sells via it’s catalogue ) now sells more than 50% of it’s wares ONLINE !
The German society is divided into two classes :
A. those that are Establishment Members ( politicians, lawyers, doctors etc.)
B. those that are not !
The difference is very clear .. group A continues to buy expensive luxury cars like Audis and Mercedes, the others struggle to keep what they’ve got.
BTW .. ADAC reported that 66% of ALL German private cars are leased .. not owned !
What we see going on in Germany and now worldwide – centralization of money , means those at the centre are doing well, those on the outside struggle.
Today , I met a 60+ year old guy that owns a plot of industrial land , ca. 10,000 square meters, on which he has his own garage and sublets to a few others ( garages run by Turkish owners ). On Saturdays, he ( the owner ) spends the day offering his tarmac space as parking for the nearby junk market, collecting 2 Euros per car !!!
On German TV , no mention of the “state of the nation” … of course not, those TV people , especially state-TV people, earn fortunes.
The German disease of “Centralization” is getting ridiculous here.
We have ca. 1 million people employed ( in “Krankenkassen” ) alone by the state just to “count” the medical insurance fees that people pay.
An ex girlfriend of mine was actually “Press speaker” for the “Chambers of Doctors” where it was stated that more than 50% of the medical insurance we pay each month goes to paying the “Administration” … before the doctors and hospitals see any money. You can easily recognize the Krankenkassen buildings, they are usually brand new palaces !
The wife of another friend of mine works for one of these Krankenkassen … HALF DAYS … and earns more than my friend in his full time job.
Last words …
If the state has to reign back it’s fat and greedy appetite and sack all those parasites, then the last people in Germany that are “OK” will be gone.
The “successful and rich” entrepreneur or small company owner is long gone … wither BK or has left for other countries.
FWIW
thanks phil/germany for that info.. iNteresting stuff. Sounds alot like the usa. Excpet in the usa the haves are government emplyees or folks with contracts to the governement. And have nots are the us private workers. I read that 51 percent of the usa is employed by the government now. Don’t know if thats true. But that would be crazy. And that most of the money thats owed in the by the usa governemnt is to pay pensions for ex governement employees. Which I’m not sure of as well. But I have heard that.
Thanks again for your rundown of the state of germany.
This is Catherine’s links to articles and videos on the missing money.
http://solari.com/archive/missing_money/ She has the video of Rumsfeld admitting on 9-10-2001 that he could not trace 2.3 trillion dollars in Pentagon spending.
re Germany
Here in south things look deceptively normal. No housing bubble / crisis at all. I don’t think most people here realise how crazy the bank was in the UK/US. Of course there have been some big banking scandals, and many international businesses feel the pinch. At the end of 2008, quite a few small local shops closed, presumably those that were on the edge anyway and could see the writing on the wall. Some big retailers went down last year, and of course Opel (GM) was big news. Car sales went crazy, and are presumably now dried up after last year’s Govt scrappage scheme. But there are also a lot of local businesses that are doing well. Shops were mostly busy this morning….
Unfortunately, Germany is not spared some crappy politicos. Soon to be EU-Energy minister Gunter Oettinger really knows how good he is at English, and is keen to demonstrate:
http://www.youtube.com/watch?v=sunxX-_TBSQ
Washington DC prepares to shut down for massive snowfall dubbed “snowpocalypse”
Washington DC was grinding to a halt on Saturday as the US capital prepared for its heaviest snowfall in nearly a century, dubbed “snowpocalypse” and “snowmageddon”
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/7173712/Washington-DC-prepares-to-shut-down-for-massive-snowfall-dubbed-snowpocalypse.html
I say DEAD SNOW http://img.photobucket.com/albums/v393/youricarma/Miscellaneous/DeadSnowforAlGoreFinal.jpg
Hey wit all tis new Advertisement
Dont u feel we deserve @ least free T-Shirts fer ta regulars
Hic
ROFL
Tis ones fer ya Snoot
Do animals take Vaccines Who Invented Vaccines Why
Hic
Why 10 Billion Dollars Whats so urgent
Hic
Baalbek Ruins !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Why was’nt I taught about Baalbek Ruins in school Hic
why is’nt tat 1000 tone stone on ta facebook of me 6th grade History book
Hic
they need 1 billion peeps to monitor ta remaining Hic
I read that 51 percent of the usa is employed by the government now. Don’t know if thats true.
Looks more or less true
The art is to slice n dice a population
300 mill 100 workin class remaining retired n Kids
15 % unemployed
85 mill
4 mill in Military X 3 peeps to handle those guys one fer food one fer transportation one fer diner
12 mill by most moderate standards
now supporting structure
naa cant be 51 %
Closer to 30 % Me Thinks
Hic
@jon …. in the usa the haves are government emplyees or folks with contracts to the governement.
That is basically what I also tried to explain about Germany.
BTW, I think the # of Govt. workers is 22 million in the USA.
Germany has ca. 10% / 8 million from 80 million.
Of course , only ca. 40 million of those 80 are “workers”, so that sort of makes it 20% !
@NickInGermany … HI
So you’re probably in Bayern !
I’m in NRW .. the north industrial county.
Bayern has loads of farmers and hi-tech firms, so I’d imagine you don’t have the concentration of lower paid workers as in NRW !
BTW.. on the news, quite a few NRW municipalities near to BK .. about 5.
No, I am NOT a NasCar Driver … I’m a US Senator !
http://4.bp.blogspot.com/_nSTO-vZpSgc/S2HrlbOrJHI/AAAAAAAAHtM/poMMFJnRgM4/s1600-h/Mike+Peters.png
Man if David Icke is right
What made me ever come ta tis planet
Hic
@ Maxy
I still belive ya gold is as good as rock
err emmm aint tat its cousin
Hic
Ooooooh tis shiny thing in ta rock must be worth worth
hmmm zero
how do I market tis
Hic
Carbon credits hmmmm naa peeps wont buy tat
lets re write history
call it the 6000 year old Scam err monetary money
Hic
Smiley Faced Fascism, Colonialism and Enslavement …. US military vows indefinite stay in Haiti
http://www.presstv.ir/detail.aspx?id=118037§ionid=351020706
Hmmm Hmmmm
Now tat peeps own land n I cant access tat fuks land fer his OIL which I can sell
Hmm hmmm lets make sure Govt’s own ta land
Hmmm hmmm seems viable lets see
PFFFFFTTTTt
Hic
@phil
Actually I’m in Rheinland Pfalz. One “Local” firm is SAP, just over the border in Baden-Wurttemberg. They let go of 700 voluntary redundancy in Germany of (12k??). But it’s difficult just “getting rid” of employees – six months notice – and notice (or resignation) can only be tendered on two days per year. Not so much a hire and fire company.
Was disgusted by Alex Jones guest of Damon Vickers
Tat fucker needs capital punishment
Oooooooooooooooo me anger is rising again
@NickInGermany … SAP
Yes, they’re expanding rapidly in India AFAIK !
@Phil/Germany –
Thank you for your observations in Germany.
Here are some observations in Califonria.
A review of the Labor statistics in California reflects observations in the streets of the state.
Many who are not familiar with California do not understand the diversity of the economy, the geography, and the people in the state. For this reason, it is reasonable to consider California a nation of its own.
Historically, most do not understand that prior to the Spanish/Mexican settlements in California started by the Catholic Church (Father Junipero Serra), the Russians had a number of settlements in the North (Fort Ross). The native American indians were essentially run off their ancestral lands between 1700-1900. These Indian tribes were essentially moved from freedom to enslavement on reservations.
Three hundred years later, some of the indians must be laughing at their former captors. After getting gambling laws changed and then building Indian gaming casinos, these tribes are sucking millions per day from the California economy through their casinos.
Interestingly, there are published news reports which tie non-Indian owned casinos in the Los Angeles area to organized crime elements that are funding the civil unrest and war in the Middle East. Specifically, LA Times published stories about a casino in Hawaiian Gardens and Gardena which both were questionable in where the$$$$ ended up. Suffice it to say that the US and Caifornia government is permitting these economy draining activities while the productive part of the economy dies.
Major industrial corporations like the military and NASA contractors have fled California. At this point, the only companies that appear to be growing in California are electric car and solar panel companies. Even Silicon Valley appears hamstrung in its budgets.
Los Angeles City Council is in the midst of a giant ballte to save the city, literally. The city is already a quarter BILLION dollars in debt. Yet, the political leaders lack the spine to stop programs and halting jobs. Instead, they are told that the layoffs will further harm the economy.
What economy?
Even the movie industry moved to Canada.
The aerospace jobs moved to Texas, Florida, and Kansas.
The auto jobs moved to Tennessee.
The info tech jobs were outsourced to Pakistan and India.
The call centers were outsourced to the Phillippines.
what was left in the last ten years were small businesses.
I have made the following observations:
If the mall was constructed in the last 8 years, the vacancy rate is higher than if the mall is old and built 20-30 years ago.
The small mom-and-pop businesses are still going in those old strip malls built in or around the 1980 timeframe. But, if the mall was constructed after 2000, the rent is too high to survive. The big boxes are closing and the chains are liquidating.
The state unemployment data showed that in some cities, the unemployment rate in these rural areas is reaching 25-30 percent. That’s right. That’s what I said… no mistake … twenty-five to thirty percent reported. This is not counting the people who have stopped looking or are dropped out of the system.
In order to investigate if the U/E rate was really reflective of the honest situation, I decided to call the 800 toll free number for registration of unemployment to the state program. The 800 number had a recording playing with no ability to leave a message and simply hangs up. The message was to register online. It appears to me that there is no one staffing the line.
A YouTube video was posted by EDD but it does not state where the call center is located. More importantly, the call center must not be functioning because the line is not picked up. I placed an inquiry email to the EDD and also did not get a response through their web interface.
Therefore, my conclusion is that the reported unemployment rate is LOWER than the reality. Plus, in my private office, we have seen more than 10 percent of the families moving home addresses in the last 90 days. This means that there is tremendous population shifting occurring during the Census of 2010.
The Census itself is suspect when there is so much movement which is displacing people. It is entirely possible that the same person could be counted in several locations.
USA = Plunder and Rape. Obanana is a Republican Stacy. No difference.
@ California Doctor
Too much readin
I dont read U’tube link is faster
Sorry
Hic I only propergate faster mode of transfer of knowledge
@CalDOc … ” I have made the following observations:
If the mall was constructed in the last 8 years, the vacancy rate is higher than if the mall is old and built 20-30 years ago. “…
Sounds like the NEW Malls were built using Debt rather than cash.
Squash Clubs in Germany went through a similar phase.
Those that were smaller and built using 100% cash , survived.
The bigger clubs were financed via bank loans, and from day 1 could never meet their financing obligations.
I know personally of a case where the owner changed about 4 times before finally being taken over and owned by a bank !
The outstanding debt was 30 mio. DMs ( 15 mio. Euros ), which means that about 1 million Euros per Year would be needed to pay the interest alone !
Impossible basically !
PS: of course, the customer-prices in the bigger clubs were far too high !
.. and defeated the object of the excercise … drove people away.
it just means that fundementally there is no difference between your Republican Tea Baggers and these mother fu-kers limousine liberals. No difference. A republican tea bagger is just less hypocrit about the imperialist rape and plunder neo-con neo-USA-nazi agenda.
Left and right are meaningless in today’s paradigm,
Top and bottom more fittingly describe the divide.
Speculators on top, savers on the bottom.
This is the antithesis of capitalism,
it is debtism, which is slavery.
Treasuries gained, driving 10-year yields down for a fifth straight week http://tinyurl.com/yk26blc
The U.S. economy unexpectedly lost 20,000 jobs last month, a report showed, and the Treasury prepared to sell a record-tying $81 billion in notes and bonds next week.
For people who mist it before: THE IMF GOLD GAME by7 me 6 February 2010 (FPP) http://tinyurl.com/ybbgdyk
Taleb Says ‘Every Human’ Should Short U.S. Treasuries http://tinyurl.com/yboaqv2
“Delete the middle class”, “model doesn’t work AT THIS LEVEL OF POPULATION”! Is Catherine suggesting a depopulation program? I think so.
@Phil – Bloomberg in the United States just aired an episode of Intelligencesquared US.
The debate topic was “California Is the First Failed State?”
http://intelligencesquaredus.org/index.php/past-debates/california-is-the-first-failed-state/#
The effectiveness of the discussion is based upon the change in vote count.
PRE-DEBATE VOTE:
FOR: 31% AGAINST: 25% UNDECIDED: 44%
POST-DEBATE VOTE:
FOR: 58% AGAINST: 37% UNDECIDED: 5%
Notice that 39% of the voters moved position with a substantial majority of the voters taking the position that California is indeed the first failed state of the United States.
Transcripts here: http://intelligencesquaredus.org/wp-content/uploads/California-011910.pdf
I am a bystander in a historic time. We are all seeing history being written and I sense that we have not yet seen the end of it.
@Stacy Herbert
Thanks for putting the complete introductory ‘key of F’ song on the front, plus the trailing song at the end. First time they’ve existed in their entirety. Really toe-tapping great stuff!
- Bill
Bob Chapman posted the arical below—-anyone heard about his yet??
Foreigners are buying less and less US dollar denominated assets, specifically Treasury and Agency bonds. As an example, Russia is buying Canadian dollar denominated assets. We ask how does the US fund its debt and its growing debt? The administration is planning for some sort of exchange of retirement funds for a government guaranteed annuity. That is so they can fund their enormous debt domestically as Japan has done for almost 20 years. Who would want to have a government guaranteed annuity from a bankrupt nation? It should also be noted that these retirement plans are still vastly under funded. What will happen if the Dow again revisits 6,600 and these funds’ assets again fall 40 percent? The collateral behind any annuity would be almost cut in half. We will have to see what the government comes up with but any kind of voluntary plan would in time become a mandatory plan. The funds may well be funneled to insurance companies, so they can take part of the action, but they will be buying Treasuries and Agencies with those funds, you can take that to the bank. One of the rumors floating about is that a new 5 percent tax will be foisted upon what is left of American taxpayers, in the form of forced savings, which would be in the form of an annuity. The need for funds to run the government is advancing by more than 10 percent a year, as government becomes bigger and bigger. We see no abatement in Marxist, socialist or fascists in government in their desire to spend to make government ever bigger.
WHAT’S BEEF
“Beef is not what Jay said to Nas…Beef is when the working folks can’t find Jobs… They tryin’ to find N**** to rob…Tryin’ to find bigger guns so they can finish the job…Beef is when the crack babies can’t find moms cause they in a pine box or locked behind bars…Beef aint the summer jam on Hot 97…Beef is the Cocaine and AIDS epidemic…Beef don’t come with a Radio-Edit…Beef is when the judge is calling you defendant…Beef…it comes with a long jail sentence…handed down to you in a few short minutes…Beef is when your girl comes through for a visit to tell that she pregnant by some other n***…Beef is high blood pressure and bad credit…need a loan for your home but you’re too broke to get it…All your little kids is doing is getting bigger…You trying not to raise em’ around the wild n*****…Beef is not what these famous n***** do on the Mic…Beef is what George Bush would do in a fight…When soldier enters life…with his own gun…Beef is trying to figure out what to tell his Son…Beef is oil prices and geopolitics…Beef Iraq, The West Bank and The Gaza Strip…Some Beef is Big and Some Beef is Small but what ya’ll call Beef is not beef at all…Beef is real-life happening everyday…and its real-er than them songs that you gave to kay slay…this has been a real N**** PSA from MOS DEF pretty-flacko-black-dante and the Black-Star-Embassy B to the K.” -THE MIGHTY MOS DEF
Keiser Report – Markets! Finance! Scandal! – 014
Keiser Report
Foreign Investors want to walk away from US Bonds for same reasons American home owners want to walk away from their mortgages – THERE IS NO HIDING THE FACT THAT the contracts / investments are SUBSTANTIALLY WORTHLESS.
If a growing number of American borrowers are free of paying mortgages because lenders can’t evidence their right to collect the debt – why would China and Russia continue to invest in the Bonds that represent them?
Foreign Investors and American borrowers have the same beef with the banking, financial and mortgage establishments; the fraudulent activity in the financial industry created a “cloud on title” separating borrower from investor by eviscerating any form of a “chain of title”.
This “smokescreen” or “cloud on title” is conveniently obscuring the real value of troubled assets and the large amount of red ink on the balance sheets of these insolvent financial institutions. Fortunately for astute homeowners, this fraudulent business model is the ticket to raise the issue of an overall lack standing on the part of what LivingLies has accurately described as “pretender lenders”. Ironically, the underlying issue being raised by borrowers in many foreclosure cases is simple – Where’s The Beef?
As above so below
The reckless policies illustrated by the cheap fabrication of money by the worlds Economic Leader – The Federal Reserve Bank – is being mirrored in the foreclosure/housing market by pretender lenders fabricating “chain of title” – “out of thin air” – to represent real money – thereby impugning the integrity of County Recorders, State & Federal Courts and the entire legal system.
Ultimately all forms of “money” – whether it’s a Federal Reserve note or Trustee’s Deed upon Sale – must be based upon something REAL.
Profit motive created pressure that fueled an abandonment of ethics by real estate appraisers and the Wall Street Rating agencies. That pressure came from the high velocity of cheap money provided by Greenspan and Bernanke 0% interest rates that blew up a housing bubble that burst. And as it stands as a result of those policies, there is no chance for Americans to fulfill mortgage obligations without the ability to find a job.
The 5-Point Economic Destruction Technique
(1) This is the result of over-valued mortgage contracts empowered by a 0% interest rate Federal Reserve;
(2) Implicitly guaranteed by GSE’s (Fannie, Freddie, Ginnie and MERS)
(3) Peddled to borrowers and investors through a web of speculative housing, real estate appraisers, Mortgage servicers, Mortgage Brokers, and the Main Street Commercial Banks working in collusive silence with Wall Street Investment Banks and Rating Agencies who collectively sold toxic assets to foreign investors under the guise of Triple A-rated “Sovereign Debt”;
(4) Yet took out Credit Default Swap insurance against them;
(5) All at the same time.
Now, the same U.S. Government, who (a) interfered with the housing market in the first place has (b) bailed out the same Banks who (c) knowingly and willfully financed and duped foreign investors into buying “Triple A-Rated” mortgage securities backed up by “stated incomes” that were (d) implicitly guaranteed by out-of-control Government Sponsored Enterprises.
This has been loose-loose for the Borrower and Investor and Win-Win for the Banks and governments who supported & rewarded these criminal economic policies.
Formal slavery never ended – it just renegotiated its contract into the form of debt-slavery to take in everyone.
The question is – what are borrowers and investors going to do about it?
@Marc….start your own Waco….without the religion nonsense of course.
Feed yourself….spend your cash on stuff you cannot make yourself but also cannot live without at this point until it all crashes.
Dogsled summit says roll presses http://nyti.ms/cAwutP. G7 adopts no fear attitude toward money printing & deficits. The Finance X Games
@dan valley
Your’e a couple of miles near the North Pole. Harper that cynical s.o.b. from the federal government wanted to get rid of protesters. I gives you a just idea what these Conservatives think about ordinary people. I am surprised that didn’t hold their reunion on an Iceberg smack in the middle of nothing.
http://en.wikipedia.org/wiki/Iqaluit
More from dogsled summit http://bit.ly/b1LhSR. How G7 learned to stop worrying and love the tax.
Down With the People
Blame the childish, ignorant American public—not politicians—for our political and economic crisis.
http://www.slate.com/id/2243797/
New post: Is Ken Lewis About To Drag Down Bernanke And Paulson With Him? http://tinyurl.com/ybeljfo
@Dan Valley
Now that would be indeed a dream scenario. Me think so.
@Max
I think the contradictory messages about the elite are meant to make the public mentally ill
@Max – On the Edge!
You are dead on correct about the gang style financial terrorism that holds a person down while the rest pounce on the hapless poor victim while the robbers run their hands through the empty pockets of the victim. These moronic financial terrorists claim whatever nationality suits their legal defense argument of the day.
One day their Canadian, the next their South African, then they’re Israeli, then their Swiss, and then their American but in the Caymans or Mexican or whatever suits their need.
Meanwhile the blind stooges in the halls of the IRS, FBI, and whatever other alphabet soup agency can’t see the manure in front of their face. Somehow these bribed up regulators can’t see, can’t smell, and can’t feel it even when the internet rubs their face in the fertilizer.
I got something else to say to Catherine Austin Fitts.
Let’s instead say that the small business is your local doctor’s office.
We, doctors in private practice, we are stuck borrowing money at 6-7% which doubles the principal’s costs in 10 years and basically leaves your doctors beholden to the drug companies, hospitals, and banks for survival.
This is not a good situation!
You can not have your objective medical opinions stuck in a situation where the doctor must subordinate decisions on your survival to the Bank Mafia.
Genocide has many names. Whether it is the mafia in one ethnic community or another (Russian, Jewish, Italian, Japanese Yakuza, Chinese Triad, Irisch Catholics, etc etc etc), the eye-for-an-eye gang approach does not lead to increased security.
Making the doctors go out of business in one ethnic community or another KILLS in the long term (i.e. over years).
Instead of survival of the fittest. We have survival of the fraudulent!
@Cali Docton
And you ain’t seen nothin as the country goes at the speed of light to a status of third world country and a banana republic. Suvival of the most vicious. Idealism didn’t just die in the Soviet Union. It died also in the USA. You ain’t seen nothin yet. Vicious people like Clinton Obama Bush want you even poorer. It’s not about increasing global wealth across the world. It’s about increasing their own personal wealth. Savage return to the mean and of the mean.