“When the rich make war, it’s the poor that die.” ~ Old Russian Saying
“When the rich make war, it’s the poor that die.” ~ Old Russian Saying
A important detail to the Spain popular movement, is the first ever crowdfunding campaign, reaching its funding target within 24 hours, to pay the Legal Fees to prosecute the case!
The crushing blow to Europe will be the failure of Germany’s biggest bank: Deutsche Bank.
He also said that other ministers will refuse to sign a bad deal and there will be a government reshuffle.
“Yanis Speaks the truth” Greece is insolvent.
Max Keiser and Stacy Herbert discuss the Greek situation and that a nation is not what it thinks it is but what others attempt to hide about that nation – like the fact that it is bankrupt.
They discuss the role Goldman Sachs played in helping Greece hide its debts and, thus, strapping it to the euro and the mispricing of real risk by well-compensated bond investors lending to Greece at ultra low interest rates.
They also discuss that, while deflated footballs was the main headline on the nightly news in America, a memo was delivered to Obama outlining the various ways that brokers defraud American investors of years worth of retirement income.
The 25-member Governing Council is gathering in Frankfurt to discuss the plan and could make changes before a final decision on, the people said, asking not to be identified…
An agreed upon one-world RESERVE currency would perhaps be a basket. I too am concerned who would be in control. I can say that the IMF is posturing already for that position.
We don’t have capitalism any more. The merger of state and corporate powers is called fascism, and when you are looking at the rigging of the game, it’s called bankism. . . . This thing should have collapsed a long time ago, but they keep making up new rules and a new game. This is nothing more than a central bank confidence game, and you can tie it all back to bankism.”
With little fanfare or notice, the CME Group has notified the CFTC that they plan to institute trading collars for Comex precious metals trading. At present, these collars are planned to go into effect on Monday, December 22.
The Chinese home real estate market, mostly units in high-rise buildings, is truly bizarre. Many Chinese regard apartments as capital-gains machines rather than sources of shelter. In fact, there are 50 million units in China that are owned but vacant. The owners won’t rent them because used apartments suffer an immediate haircut in value.
“Theoretically, we are protected by deposit insurance up to $250,000 in the U.S. and 100,000 euros in Europe. The FDIC fund has $46 billion, the last time I looked, to cover $4.5 trillion worth of deposits. So, even though we are protected by the FDIC, the FDIC is not going to have the money… This makes it legal for these big 30 banks to take our money when they become insolvent. They are too-big-to-fail.
we now have a clear murder of someone involved with that end of the banking business, dealing explicitly with BOLI policies.
The most shocking, if already completely buried, news of the day was that – in yet another confirmation that Goldman Sachs is in charge of the New York Fed – a NY Fed staffer was colluding and leaking confidential, material information to a 29-year-old Goldman vice president, himself a former Federal Reserve employee.