Stacy Summary: Open thread for discussing ‘austerity’ measures around the world and the responses to the austerity measures. Here is Greece today. And here is Spain.
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fiat money and the french revolution
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@Y’All
One The ONE!!!
@Y’All
http://www.youtube.com/watch?v=mq_SGB7fWdg
Technically, most of the west should have been under austerity measures since 1955 — as most of the finance systems in the western world are designed to have more debt than money or assets in the system.
You can’t really create more money by creating more debt than money.
Anyway, the amount of USD bills in circulation vs USD debt don’t match either — and the UK Pound is in the same boat.
The Eurozone will have to be in Austerity until 2036 to 2038 at least — so prepare yourself not to spend money for the next 25 years or so.
this is what happens when you market all the luxury & comfort obtained by debt as a ‘success’…people will get addicted to this ‘success’…
Rehab is surely going to be difficult…
Defending Blair?
Northern Rock to lose 100% savings guarantee
http://news.bbc.co.uk/1/hi/business/8533586.stm
Savers with money in the Northern Rock bank will lose the government’s 100% guarantee on their deposits in three months’ time. Savers will still benefit from the £50,000 guarantee to all savers under the Financial Services Compensation Scheme (FSCS).
Italy Masked Finances Worse than Greece: Pangalos
http://www.cnbc.com/id/35556682
Stock market crashes, terrorism, computer viruses, debt, are the part of
the catastrophe above the water line, the other nine tenths are submerged
in virtuality.
Jean Baudrillard
Screened Out pp7
Rosenberg questions survival of euro
Globe and Mail 2.23.10
‘David Rosenberg, who never met a crisis he didn’t love, notes that while the euro is hugely oversold, questions over the sustainability of the currency aren’t going to disappear any time soon. Mr. Rosenberg, the respected and oft-bearish chief economist at Gluskin Sheff + Associates, pointed in a research note today to the “contagion risk” of the so-called European PIGS …
‘Mr. Rosenberg also provided a history lesson on the Latin Monetary Union of 1865, involving France, Belgium, Italy, Switzerland, Spain, and Greece, and, later, others.
“We are sure that the architects of the grand plan back then didn’t plan for its demise either, though the union did last about five decades,” he wrote. “By WWI, it had dissolved and one must wonder whether the same will occur to today’s grand experiment as it faces its most significant test in its short 10-year history. It sounds unthinkable but it is definitely plausible – common markets are one thing, a common currency in a period of intense instability is quite another – and the implications should be considered thoroughly.”
http://www.theglobeandmail.com/report-on-business/can-the-euro-union-survive-toyota-panel-told-scary-tale/article1478669/
No surprises here…Europe at risk of double dip recession: Mervyn King says
“I was struck by the mood at the G7 meeting in Canada, where several of the major economies around the world said quite openly that they were relying on external demand growth to generate growth in their economy. That can’t be true of everybody,”
http://www.telegraph.co.uk/finance/economics/7301142/Europe-at-risk-of-double-dip-recession.html
Ins’t the posibility of ebing a reserve currency related to the productive capacity and therby the ability to buy things of value using the currency? I don’t think its the speculation and fraud that ultimately undermines the US reserve currency status, but the fact that the country is no longer as productive as it once was. Maybe Europe is to small though..
The Bankers created these levels of Debt intentionally. Debt is a weapon of power and has been used to control individuals and whole continents! The whole system should be left to fail as quickly as possible. Hopefully this will stop massive uprising an the attacks specifically against the banking industry whilst minimising the effects on the honest majority!
for austerity, i recommend wasabi coated almonds. they’re a superfood.
just be careful…according to the packaging, ‘not suitable for nut allergy sufferers’
who wooda thunk?
So where will be the growth ? There is ONLY one way. Way down. Real estate could easily in certain countries go down another 50%.
OK. Let’s start with real austerity. Liquidate the banksters and their business. No bonus just a pink slip and banker unemployment.
@Giuseppe Bagodonutti (Feb 24, 2010 at 9:20 am )… Fear Sells…
Great video .. Thx.
Here’s the part on Gold (8) :
http://www.youtube.com/watch?v=9qO_wJ9xzd8
The guy states that those people pumping Gold – right now – are the same people driving the usual WS ponzi schemes.
To some extent, I’d agree, the question is : do 6 Bio. other people agree !
The Greeks are stupid if they accept paying the debts. They should do like Iceland. Refuse to pay one dime and wait that Europe has the balls to kick them out.
DON’T PAY.
Much better to simply declare bankruptcy. It’s very funny listening to the other countries saying the credit of Greece will be ruined. Either way it will be. Why not ruin the stupid Germans and French banks that lent all this money soo stupidly ?
Loaners too should desserve a good lesson that they will never forget. It’s like as the system puts all the burden on the lenders. Bankruprcy is the best solution for Greece. Greece is in some sort a “subprime” country, a NINJA country. Like Ireland. Like UK. Like Spain.
PS@Giuseppe Bagodonutti (Feb 24, 2010 at 9:20 am )… Fear Sells…
Here are all 9 parts :
http://www.youtube.com/watch?v=WHOujO-Qnlw
http://www.youtube.com/watch?v=JVa7tU8Gh4E
http://www.youtube.com/watch?v=2utKTEVYuq4
http://www.youtube.com/watch?v=gnGgCq3G9lU
http://www.youtube.com/watch?v=FRRWPonCrT0
http://www.youtube.com/watch?v=hERzXq3xBxk
http://www.youtube.com/watch?v=kSywm758Ycw
http://www.youtube.com/watch?v=9qO_wJ9xzd8
http://www.youtube.com/watch?v=8IdyJfbHYSM
I demand that silver to go to $11!
Adrenaline addicts seek designer thrills
http://www.reuters.com/article/lifestyleMolt/idUSTRE61L4BI20100222
For 900 euros ($1,226), clients of Ultime Realite (“Ultimate Reality”), a firm in eastern France, can buy a basic kidnap package where they’re bundled away, bound and gagged, and kept incarcerated for four hours.Alternatively, they can opt for a more elaborate tailor-made psychodrama, involving an escape or helicopter chase for example, where costs can quickly escalate.
No austerity measures in Australia, just more pumping up the real estate bubble. Like some kind of bizzare scientiic experiment, I guess the government wants to see where the tipping point is here.
See: http://www.smh.com.au/business/property/australias-mortgage-debt-blowout-20100224-p1ex.html
Where it is reported that the Australian Government has allowed Chinese investment into Australian residential real estate, inflating the property market further and making home ownership in Australia less affordable for actual citizens and families seeking a home to live in.
Imagine a government pitting crony Communist Chinese speculators against their own citizen’s desire for shelter. Maybe that’s the PIIGS debt solution right there! Just invite the Chinese politburo to buy up peoples homes and hand over the keys to their Chinese landlords. The free market at work, no? Chinese loan themselves money they print for themselves from thin air, convert to Euros at some artificial interest rate that they define and start buying up property. The Greek government raises taxes from the transactions and pays down their debt. Its a win-win. Except for the actual citizens of the country of course, but you can’t have everything.
What’s Chinese for “Can I have some more, Sir?”
@Bill Stewart:: “be prepared to not spend for 25 years”…When i discovered that the derivatives amount exceeded $600 billion to $1.5 trillion ( see BIS official figures), and all this settlement would be paid down over time as the global GDP was a mere $67 trillion annually; that this meant the entire world population would spend nothing to satisfy the pay down for 10-20 years…thus the investment banker/speculators have the world hostage for many years into the future…furthermore as we progress, the sovereign wealth of nations steadily goes bankrupt, the various major industries require bailouts, natural disasters and wars come and go, the working people face increasing unemployment, and the independent economies of the member nations comes to a grinding halt…that’s why we listen to Max…he informs us about the news de jour as the behemoth of capitalism backed by fiat currency becomes crony capitalism and socialism for the wealthy and a gulag casino debt prison for the majority…it makes very interesting news reportage…ans so we mere onlookers pray and hope that out of he ashes arises a better world with benevolent results…of course we have also read 1984 and Brave New World as a primer to what the human condition might expect….idyllically it is the speculators vs. the savers…but eventually it might become the ones with armed weapons and the ones without…
I’m not a bible thumper and most religious zealots make me feel creeped out. But Jesus had the right idea, the money lenders deserve anger and exodus from any and all civilized future societies.
Vanity, Ego, knob polishing ( idol worshiping) are fast becoming rather revolting to alot of people as are ponzi schemes and the never ending stream of lies that the main stream media pumps out.
With Free energy modules( see Tesla)), currently in place, and ready to go main stream (mainly in China) we are on presibus of a new world, free of the economic looters and rapists.
http://www.youtube.com/watch?v=A6DLyruTqHI
http://www.youtube.com/watch?v=P8AzEF2vrsA
“Albert Edwards from Société Générale said governments should use their powers over the exchange rate under Article 219 to force a change in policy. “The politicians should take matters into their own hands and instruct the ECB to drive the euro lower,” he said.
That can happen only once France thinks the dangers of Laval policies outweigh the dangers of defying Bundesbank orthodoxy. Until then EMU will be an instrument of slow deflation torture.”
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7285945/Europes-monetary-union-has-become-an-instrument-of-deflation-torture.html
Deflation plus austerity forced through a common currency.
@EB, wasabi coated almonds, strangely appealing.
Dear Mr. Keiser,
As a keen reader of your website, I have noted on a few occasions that you have covered the issue of the Australian real estate bubble and I thought you would appreciate the article below from the Sydney Morning Herald, where it is reported that the Australian Government has Chinese investment into Australian residential real estate is inflating the property market and marking home ownership in Australia less affordable for actual citizens and families seeking a home to live in.
In short, the government is using the Chinese speculators to inflate the market to maintain tax income (from these transactions, who are borrowing in YUAN at a lower interest rate to would-be local property owners and pricing Australian buyers out of the market. How can Australian families purchase a house if they have to compete with foreign investors financed by the politburo and central bank of Communist China? !!!
Hope to see some righteous outrage on the Keiser Report over this one.
Thanks and regards,
Gino
@Bill Stewart: correction:that should read $600 trillion to $1.5 quadrillion…so sorry
Australia’s mortgage debt blow-out
CHRIS ZAPPONE
February 24, 2010 – 9:11AM
Comments 41
Debt doom prophet Professor Steve Keen has criticised the government’s decision to open the door for more foreign investment in local real estate, accusing the government with ”importing a bubble” from China.
”If houses aren’t for the people in their own country, then who the hell are they for?” Dr Keen asked. ”And if you let incomes in other countries determine your prices, all you’re doing is importing a bubble,” he said.
The federal government relaxed its foreign investment rules for residential property early last year. While the controlling body, the Foreign Investment Review Board, does not disclose the exact number of sales to overseas investors, anecdotal reports from would-be local buyers and real estate agents across the country point to a surge in spending from Asia – particularly mainland China. Agents are also setting up offices in China and arranging ”property tourism” to tap the demand.
Have you been squeezed out of the market or facing rising rents? Email [email protected]
The additional demand from abroad is contributing to rising property prices – with average median prices surging more than 10 per cent in capital cities last year – and fuelling the disappointment of would-be local buyers who are being out-bid.
”We have lost three properties (that we know of) to overseas investors who pushed the prices well above the limits of the Australian residents in the room,” said Nikki Symonds, from Sydney’s Lane Cove. ”Three overseas online bidders pushed the price up from $880,000 to $950,000.”
”Our search continues, but we are forced to look further and further outside of Sydney to have even the faintest hope of securing a house,” she said. ”Great Australian Dream? I don’t think so.”
China boom
Others expressed doubt about Dr Keen’s view on Chinese investment.
‘‘The ‘bubble crew’ seem to keep missing the main story,’’ said Macquarie interest rate strategist Rory Robertson.
‘‘There’s extraordinary and ongoing rapid growth in the number of actual people in Australia with money wanting to own or rent houses in which to live – as opposed to living in tents and shipping containers – while the underlying long-term trend in homebuilding remains flat near 150,000 per annum.’’
That demand, against a structural shortage of supply, is what is keeping up home prices, said Mr Robertson.
While Dr Keen has made some contentious comments about the local real estate market, his view that China is facing a real estate bubble of its own – which is part of the reason for the overflow into the Australian market – is gaining wider currency.
Property prices in 70 Chinese cities jumped 9.5 per cent in January from a year ago, the fastest pace in 21 months, prompting the central government to direct its banks to slow lending. China resorted to massive stimulus spending to prevent the economy sliding into recession, but much of the money has ended up in asset markets, including real estate.
Charter Keck Cramer senior economist George Bougias said Asian countries are playing a bigger role in the local property market and people are increasingly looking at Australia as an attractive investment destination.
“As economic relations between Australia and China deepen, we can expect more interest from Chinese nationals in the Australian property market,” he said.
Nevertheless, the lack of statistics measuring the pace of their investment makes it difficult to determine the final impact.
”We want to ensure that housing remains affordable for the majority of the population whether they’ve been here for 200 years or just got off the plane.”
A floor in prices
Dr Keen, who is Associate Professor School of Economics & Finance at the University of Western Sydney, says Australian politicians viewed the trigger of the global financial crisis to be falling house prices in the US, and worked hard to prevent the same wave sweeping Australia.
The relaxing of foreign investment rules on property took effect in April, exempting temporary residents from giving notice to buy residence for their own use. The rules also relaxed the definition of a “new” home, giving buyers from overseas more choice.
But the move was only part of the government’s actions to put a floor under housing prices, with Dr Keen singling out the boost to its First Home Owner Buyer’s grant in late 2008 as another major factor stoking demand for real estate.
In terms of heading off a major price correction, the policies worked. Home prices dipped just 5.5 per cent in the year to the March 2009 quarter, before posting a 13.6 per cent rise in the year to December quarter.
$100 billion mortgage blow-out
According to Dr Keen, though, the hangover from the latest real estate binge is going to be a heavy one.
”The crisis is caused by too much debt and it’s too late to stop too much debt,” said Dr Keen.
The government stimulus, the investment rules change and low interest rates have combined to swell the country’s mortgage debt by $100 billion more than where it was headed when it began to dip in March 2008, according to numbers Dr Keen will deliver in a speech in Melbourne today. (China’s lending rates are typically lower than Australia’s.)
Had no First Home Owners Buyers’ grant been enacted Dr Keen estimates there to have been a $20 billion reduction in debt.
Dr Keen said the ratio of mortgage debt to the size of the economy – as measured by gross domestic product – hit 81.29 per cent in March 2008. It then eased to 80.37 per cent by November 2008, before rising to a new record high of 84.28 per cent ”from where it is still rising,” he said.
Hiking for house prices
Dr Keen, it must be said, has drawn a legion of critics for his earlier predictions of a house price slump, which were coupled with the sale of his own residence in late 2008 in anticipation of a market collapse. Those predictions included these made earlier this month.
He also famously lost a wager with Mr Robertson that home prices would fall 40 per cent from peak to trough in a year, and so Dr Keen must now hike 224 kilometre from Canberra to Mount Kosciuszko, while wearing emblazoned with the phrase ”I was hopelessly wrong on house prices. Ask me how.”
Dr Keen says he plans to begin the trek on April 15, but is undeterred.
”I’m being criticised for being consistent with the rest of the world”, he offers as a defence.
Now that Australian home prices are rising, the cycle is again under way: prices must continue to climb to prevent a vicious cycle of forced sell-downs and asset price falls, he said.
”Normally, once (home prices) go flat, they go down for the simple reason that if they stabilised and people have got themselves geared on rising prices, they’ve got servicing costs that can only be met by selling on a rising market.”
Further, the overall economy is depending on households borrowing more since business credit remains in the doldrums, he said.
‘Warders among us’
Whichever direction house prices go, their growth over time and ease with which borrowers have been ushered into huge loans by banks have made Australia a ”less equitable society” than it was twenty years ago, Dr Keen said.
Describing himself both as an optimist and a cynic, Dr Keen compared the banks’ role in people’s lives to the warders of Australia’s penal era.
The huge amount of money being paid for homes is a ”classic case of a huge inequality and injustice behind the veneer of the fair go.”
”But the warders are still among us,” he said. ”The warders are working with banks, they got us working as debt slaves and there’s an enormous transfer of wealth as a result.”
Lower euro will support this budding German industry:
http://www.presstv.com/detail.aspx?id=113900§ionid=351020604
“An argument reportedly erupted at a meeting last Monday between Chancellor Angela Merkel, FDP leader and Foreign Minister Guido Westerwelle, and Development Minister Dirk Niebel over Germany’s Afghanistan policy.
Westerwelle was apparently angered that Merkel’s security adviser Christoph Heusgen approved of a Defence Ministry plan to send another 1,000 soldiers to Afghanistan, a proposal Westerwelle found unacceptable.
“Westerwelle got really loud,” a source close to Merkel reported.”
http://www.thelocal.de/politics/20100131-24931.html
DAVOS: UPDATE: Germany Govt To Strengthen Military Industry
http://online.wsj.com/article/BT-CO-20100131-702575.html
A secular coup foiled in Turkey http://news.bbc.co.uk/2/hi/in_depth/8531486.stm
Greenspan says this is worse than the Great Depression
“Small businesses and the jobless are still suffering from the aftermath of a credit crunch that was “by far the greatest financial crisis, globally, ever” — including the 1930s Great Depression, said Greenspan in an address to a Credit Union National Association conference.”
http://finance.yahoo.com/news/Greenspan-US-recovery-rb-1788218485.html?x=0&.v=3
sorry if this has already been posted
It’s time to shout ’stop’ – NAMA is grand larceny
http://www.davidmcwilliams.ie/2010/02/24/its-time-to-shout-stop-nama-is-grand-larceny
@@Y’all
900 euros, yeah right… don’t they know maxkeiser.com virtual gulag, is still the cheapest and the best online… all out live or die adrenalin ride there is, IMHO …. and when you factor in the small aircraft accreditation… you really are on to a winner… YEAH, the last couple of days have been pretty tough locked in a tiny box with a light on the whole time… and I don’t like being looked at through them peepholes either… and dear me all the verbal abuse… but hey.. I now know more russian swear words than all the guards put together… on the positive side, I don’t have to worry about the strange dreams now the guards are not allowing me to sleep… uhm,… also I am looking forward to more of the online small arms training next week… but why the HELL! do I have to shout “I wanna be famous” before I’m even allowed to pull the trigger???
@paganrongs
I don´t get why we need Greenspan´s opinion. He sees the same reality as we do, and he has never been right. Apparently some people want to feel they can still wake up from this nightmare..Such dependency..
@Pagarongs. greenspan patting himself on the back?
@M/E. http://www.dailymail.co.uk/news/article-1253170/Sterling-plunges-Bank-England-governor-Mervyn-King-hints-UK-print-MORE-money.html#ixzz0gPRge1cB
Hi Max, Stacy,
I was watching your competitors until I discovered your
straightforwardness that is absolutely missing in that media that is
controlled and manipulated by lobbies.
I understand that your show is on on Tuesdays and Thursday and have to
make time at 20:30 (GMT) to watch your great show. Well done, keep on
denonciating the market manipulation, undercover, back stabbing
hapenning, do it outloud with your great style.
A French born watcher living in London and real fan of the Keiser
Report
Vichnou
Ron
BULL
It has NOT crashed!!!!
Crashed is like Iceland!!!!
mike
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@Bill Stewart: correction:that should read $600 trillion to $1.5 quadrillion…so sorry
============
Gold price to reach 1 Quadrillion USD.
http://www.youtube.com/watch?v=1AuZuhEIQdE
Gold price to reach 1 Centillion USD.
http://www.youtube.com/watch?v=hGepCEGLn98
@Bill Stewart:
Are you indicating that gold will be as worthless as you imagine the US dollar will be?
For les Québecois
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/quebec-shale-gas-find-could-redraw-canadas-energy-map/article1478900/
Forest Exile: Homeless New Yorkers camp out crisis
http://www.youtube.com/watch?v=ssZ-GmGK5g4&feature=sub
The Orlovian change is hitting the US big time.
Regarding the Aussie real-estate China crisis. Sounds a lot like the Russian inspired property price boom which occurred in London in the early to mid naugties. Is that too simplistic, are there any significant differences?
@Y’All
‘Amazing video of baby surviving fall under train’ If it was left up to me i would have given this clip a different title… maybe something containing the words ‘cow’ and ‘stupid’ just for starters!!!
http://www.telegraph.co.uk/news/newsvideo/6345356/Amazing-video-of-baby-surviving-fall-under-train.html
Is Fed questioning becoming mainstream, or is this show the odd one out on Fox?
Judge Andrew Napolitano with Gerald Celente: The Global Financial system is Collapsing
http://www.youtube.com/watch?v=srI94v2mD0E
Hey Bonn! thanks for the links on the Norwegian kroner the other day.
Another interesting thinker http://www.youtube.com/watch?v=zAS7836rRVA
Les Leopord is promoting my plan..
More drunken shootouts to come. It’s th high testosterone that carry a weapon, and those are the most likely to get into a fight when drunk.
“In Virginia, the General Assembly approved a bill last week that allows people to carry concealed weapons in bars and restaurants that serve alcohol, and the House of Delegates voted to repeal a 17-year-old ban on buying more than one handgun a month.”
http://www.nytimes.com/2010/02/24/us/24guns.html?hp
As a Greek national I want our country out of the Euro. In fact, I want us out of Europe entirely. We have nothing to do with Europe and our culture has been denigrated by integration. We are our own people with our own history and our own identity. The only reasons Greeks ever supported european integration in the first place is because we believed that nothing could possibly be worse than leaving our government in the hands of our own politicians. We see now that this is not true. We need to topple our government and revolutionize the country because right now we are nothing but a heavily subsidized protectorate.
@stacyherbert Y’all
I’ve said it before but let me say it again: If you put a link of FT.com or any site which needs subscription: PUT THE HEADLINE IN so that we can google it and still read it
Tank you for your cooperation.
Cause max may have written somtin nice but we can’t read it because THERE IS NO HEADLINE.
@Youri
google max keiser FT
@Mother … Another interesting thinker
The Villaionare Economy !
A saint for our times.
‘Mexico is a two-tiered society. The cult of Santa Muerte attracts those who are not inclined to seek the traditional Catholic Church for spiritual solace, as it is part of the “legitimate” sector of society. Most followers of Santa Muerte live on the margin of the law or outside it entirely. Many drug traffickers, mobile vendors, taxi drivers, vendors of pirated merchandise, street people, prostitutes, pickpockets and gang members are not very religious, but neither are they atheists. In essence, they have created their own religion that reflects their realities, identity and practices, especially since it reflects the violence and struggles for life that many of these people face’
http://en.wikipedia.org/wiki/Santa_Muerte#Prevalence_of_the_cult_in_Mexico
Good hockey tonight
Russia vs Canada
7:30 pm EST
00:30 GMT
should be available online outside Canada:
http://www.ctvolympics.ca/tv-online-listings/index.html
http://www.ctvolympics.ca/hockey/index.html
Main Entry: aus·ter·i·ty
Pronunciation: \ȯ-ˈster-ə-tē, -ˈste-rə- also -ˈstir-ə-\
Function: noun
Inflected Form(s): plural aus·ter·i·ties
Date: 14th century
1 : the quality or state of being austere
2 a : an austere act, manner, or attitude b : an ascetic practice
3 : enforced or extreme economy
http://www.merriam-webster.com/dictionary/austerity
Max!
http://www.telegraph.co.uk/finance/currency/7307279/Pound-faces-a-savage-reaction-if-deficit-cut-too-aggressively-UBS-warns.html
Oh GOD Please let it happen!
Mike
First comes induced “austerity”, then comes induced global bloodbath.
Conspiracy theory or criminal conspiracy.
Banker family’s Paul Warburg created the War Finance Corporation(NYTimes 10 August, 1918) and controlled the US banking sector during WWI.
Simultaneously -in Germany, his brother – Max Warburg was head of Germany’s Secret Service.
“rope, tree, bankster – some assembly required”
8,600 More Job Cuts IN THE USA
San Francisco School District 900 jobs http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2010/02/23/MNT11C5FO7.DTL
State of Georgia 5000 jobs http://wsbradio.com/localnews/2010/02/georgia-may-cut-5000-jobs.html
ABC News 300-400 jobs http://www.reuters.com/article/idUSTRE61M6OE20100223
Jackson Memorial Hospital, MIAMI FL 1000 JOBS http://www.poder360.com/dailynews_detail.php?blurbid=5677
NY TRANSIT AGENCY 1000 JOBS http://www.businessweek.com/ap/financialnews/D9E24S7G0.htm
FORD MOTOR CREDIT 100 JOBS http://www.businessweek.com/ap/financialnews/D9E24S7G0.htm
Geitner…Berneke…on the tv…again…can’t take much more…
I am so sick of these financial snuff stars. Why don’ they just GO AWAY!!!!
At first we were afraid we were petrified
Kept thinkin’ we could never live without you by our sides;
But then we spent so many nights
Thinkin’ how you did us wrong
And we grew strong
And so you’re back on Capital Hill
We just walked in to find you there with that sad look upon your face
We should have changed that stupid lock
We should have made you leave your key
If we’ve known for just one second you’d back to bother us
Go on now, go walk out the door
Just turn around now
(’cause) you’re not welcome anymore
Weren’t you the one who tried to hurt us with bankruptcy
Did we crumble
Did you think we’d lay down and die?
Oh no, not we .We will survive
Oh as long as we know how to love we know we’ll stay alive;
We’ve got all our lives to live,
We’ve got all our love to give and we’ll survive,
We will survive. Hey, Hey!!!!!!!
God Bless, Gloria Gaynor!!!!!!!!
Austerity=keeping the common man down for the benefit of our handlers. This allows “them” to offer “us” a freedom reducing solution that “solves” the problem created by “them” to begin with.
so now you have Bankers AND Governments working together to limit the number of currency units available to the PUBLIC…how long can the currency monopoly continue? who controls your supply of currency units?
@Ingrid, Someone should record that!
An ugly call for more civilian deaths in Afghanistan is accompanied by virtually no information about the author
Glenn Greenwald
http://www.salon.com/news/opinion/glenn_greenwald/2010/02/18/nyt/print.html
As Anthem Blue Cross sends profit to WellPoint, it plans hefty rate hikes for Californians
“The extraordinary greed of Anthem/WellPoint Blue Cross is a clear indication that this company has put profit before people,” said Garamendi, who as California insurance commissioner presided over the companies’ merger. “People need to be able to get out of the shark pool with a public-option lifeboat.”
http://www.latimes.com/business/la-fi-anthem-cash23-2010feb23,0,1654480.story
NORWOOD PROMOTIONAL PRODUCTS 345 JOBS http://www.bizjournals.com/sanantonio/stories/2010/02/22/daily18.html?surround=lfn
Present austerity solution all part of continuing de-industrialization and de-education of the West.
*In 1969, Rockefeller Official US Would Be De-industrialized
http://www.parenting-healthy-children.com/News.html
(Scroll to Conspiracy Section)
*
History of the Purposeful Degradation of Schools in the U.S
http://www.parenting-healthy-children.com/News.html
(Scroll to Media Section)
Staged Geithner Press Conference at the so-called echelon building.
Alex Jones Tv 2/2: Commentary by Alex & Aaron on Geithner’s Staged Press Conference http://www.youtube.com/watch?v=3I21Kmq2kgE
He got his but kicked by thruthers after 5 minutes of slimy yada yada and run out of town like a weasel. It suppose to last 30 minutes but he went early the slime ball.
@ Youri
http://www.dailyjobcuts.com/
Pretty good site for info on job cuts, bankrupt companies and closed companies.
Max is on Inside Story in an hour and a half on Aljazeera English; they just finished recording; topic is Greece; lots of good stuff from where I was sitting . . .
Dan Hannan … speaks my mind !
Small states are successful states
http://www.youtube.com/watch?v=M68TfgP36po&feature=sub
1 minute !
Hi everyone,
Thought you might be interested in seeing the anti-WTO from 1999 in Seattle…listen to what Juan Bocanegra from the NW Employment Law Office says at 4:00 from this link:
http://www.youtube.com/watch?v=_j2h3EZcfro&feature=related
“All of you are slaves and you better get back in your caves”.
If you have a chance please see the whole THIS IS WHAT DEMOCRACY LOOKS LIKE documentary on Youtube…you will find it through Malboro Man…Mr. Bocanegra makes another important point at this point of the video at 4:50:
http://www.youtube.com/watch?v=5iS9U04bHlA&feature=related
“A lot of working class in this country don’t make the link that they are linked directly with the people in Brazil, that they are directly linked to the people in Mexico what happens to them (will happen to the working class in the US)…not immediately but damn it will happen to them”.
Italy Fuel Spill Reaches Po; Officials Cite Tampering (Update2)
http://www.bloomberg.com/apps/news?pid=20601072&sid=aTuoNK9mJHlI
Sabotage causes Italian oil spill
http://news.brisbanetimes.com.au/breaking-news-world/sabotage-causes-italian-oil-spill-20100224-p3ny.html
@Crab
TnX put it in here: http://tinyurl.com/yhfb4t8
Wow, stunning testimony by 20/20 regarding the compliance software and its implications.
I wondered earlier what would happen if we the people simply refused to pay our taxes into this massive ponzi scheme but just got my answer from the treatment of Sherry Peel Jackson, the ex IRS agent who questioned the legality of US taxes.
They not only lock you up but refuse you medication. Scroll down to her plea for help on the following link:
http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=161628
Villainaire…just got it…love it….
New-home sales plunged 11.2% in January fall to record-low level http://www.marketwatch.com/story/us-new-home-sales-fall-to-record-low-level-2010-02-24
Where’s that fruitloop Bonn today?
Record U.S. Debt Hampers Fiscal, Monetary Policies: Analysis 24 February 2010 (Bloomberg) http://tinyurl.com/yfe9r3g
SEC curbs short selling
The rules put in a so-called circuit breaker for stock prices, restricting for the rest of a trading session and the next one any short-selling of a stock that has dropped 10 percent or more
Under the new rule, once a “circuit breaker” has been triggered, short-selling in the affected stock will be permitted only if the price is above the current highest bid for the stock. That restriction would apply for the rest of the trading session and the next day’s session.
@man from gold
I can’t sing. But if anyone of you can – go for it!
@Stacy
I would love to hear what you and Max think with regard to getting out of gold when the inevitable bubble reaches its peak after the poor suckers eventually start piling in when they realise their lives will turn to doo doo.
Timing of exit? Target price? Where to move your cash in a highly uncertain, potentially illiquid, hyperinflationary/hyperdeflationary (or a jab-cross combo) world economy? ie, what will be the new ‘gold’ (and I lump silver in with that) that people will run to for safety?
Btw, Totally sweet show dudes
@everyone
Please view the nine videos that were posted by Guisippe. Very important information.
Thank you Guisippe
@everyone
sorry, meant to say Phil in Germany posted the videos
Thank you Phil!
@Naomi – Where did he post them?
An old protester once said, “Because love grows by works of love, and man becomes better; but by pardons man does not grow better, only more free from penalty.” Martin Luther, 95 Theses, #45.
BBC on Spain
“Mr Zapatero also wants to change Spain’s rigid labour laws to make it easier and cheaper to hire workers.”
Real meaning = “easier and cheaper to fire workers”
How can (re. chart) Italy have the highest debt to gdp, but the second lowest budget deficit – with Berlusconi and his co-mafioso cronies running the economy?
Berlusconi is good at covering things up. And I’m not just talking about his shiny, bald head.
Fear of Bankruns again?!!
Waiting 7 days for cash.. poor citibank customers….
http://www.foxbusiness.com/story/markets/industries/finance/citi-notice-causes-customer-angst/
“Austerity measures” is absolute bullshit. It means nothing else than “fuck the workers, make the bankers happy.” I say fuck the bankers. Full employment everywhere. If the rich don’t like, fuck ‘em. Nationalize ‘em. “Oooh, but the nasty ol’ government is so ‘inefficient’ compared to private.” Bullshit. Lies. Lies.Lies. Every objective study done has demonstrated exactly the opposite. Employing the people is the best, cheapest, and most effficient way of getting anything done. UNLESS you want to have billions siphoned off by worthless parasites.. then, admittedly, the so-called “private sector” is much, much better.
All worship of the so-called “free market” is based on imaginary thinking that does NOT in fact exist any where in the real world. There IS no free market anywhere, and there is absolutely NO guarantee that the attempt at creating one would succeed even in any limited way. THAT is what the current collapse of “globalism” clearly demonstrates. Free market fundamentalists are like ALL fundamentalists: deluded cranks who willfully avoid seeing anything but their favorite fairy stories.. crap they learned at their mummy’s hairy knee.. ie., if their mummy was Margaret Thatcher or that evil Russian bitch ‘Ayn Rand’ (actually a psychopathic drug addict, a Synarchist, a member of Kojeve’s “Trust”.
@CasperStudly
Nationalize them ? You would have to invade places like Cayman Island, Switzerland etc…….
Max is right. The best way is to attack McDonald’s and Coca Cola. Choose your US multinational. Bah choose any of these New World Order bastards from any country, and bust them by boycotting them ! Iceland and what happened to McDonalds is one fantastic lesson. Max is right. Select a tatget like Coke and destroy the tradeark to give these bastards a lesson. WE HAVE THE POWER. We are the ones that make the rich, rich.
Start in Greece a boycott Mc Donald’s, a boycott BMW, a boycott Coca Cola, a boycott Nike. Real power starts when people stop watching TV like they are doing on CNBC or stop buying the products.
Thanks Snoot for the good news about the END ! of HUMMER ! Fantastic news for Mother Earth !
@Phil/Germany
I was finally able to get through the youtube video on Richard Grove. It was hard to watch because I had no idea that human beings are capable of being that morally bankrupt. Thanks for sharing the link… I am passing it on….