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Friday, September 30, 2011

State sponsored USURY & Looting Proletariat :

Now what - from Hero to Villain? 'Arab Spring now scapegoat for debts US can't pay off" 
Uploaded by RussiaToday on 30 Sep 2011 - In the US, the finances aren't faring much better than on the Continent. But now President Obama has found someone to saddle with the blame. He claims the Arab world uprisings are shaking western economic foundations because of hiked oil prices. Let's see what current affairs editor Michael Jones makes of this, from Culture Magazine.

Wednesday, September 28, 2011

Rich Getting Richer in Ontario

Uploaded by TheRealNews on 27 Sep 2011 - Hugh Mackenzie: From 1992 to 2007, 90% of the income gain in Canada went to the top 1% while their effective tax rate went down.

Don't let politicians conned or lied.

Uploaded by enqilab on 28 Sep 2011 - the European Economic Crisis according to Samah el Shahat, Al Jazeera's resident economic analyst. It is not the country's sovereign debt.

Saturday, September 24, 2011

Federal Reserve launches Operation Twist.

Federal Reserve launches Operation Twist

NEW YORK -- The Federal Reserve announced "Operation Twist" Wednesday, a widely expected stimulus move reviving a policy from the 1960s.

The policy involves selling $400 billion in short-term Treasuries in exchange for the same amount of longer-term bonds, starting in October and ending in June 2012.

While the move does not mean the Fed will pump additional money into the economy, it is designed to lower yields on long-term bonds, while keeping short-term rates little changed.

The intent is to thereby push down interest rates on everything from mortgages to business loans, giving consumers and companies an additional incentive to borrow and spend money.
 22 Sept 2011  |  (CNNMoney) - read full report 

Thursday, September 22, 2011

America ways going into Eurozone.

Sep 22, 2011 - Excerpt From Keiser Report : Europe's Neo Feudalism (E162). Max talks to economist Michael Hudson on EuroZone.

Wednesday, September 21, 2011

Currency Killers: Dollar, Euro going down.

Uploaded by RussiaToday on Sep 21, 2011 - An international team of debt inspectors has decided it will return to Greece next week to check on the country's progress in reaching its budget goals. Athens hopes this will help win the release of the latest emergency loans. Greek authorities want to convince the debt inspectors they could meet strict budget targets as the country desperately needs the next 8 billion euro bail-out package. Without the money, the country could default within weeks. However no decision will be made until October. The IMF warned Europe and the United States risk falling back into recession, unless lawmakers act quickly. Also underscoring the region's difficulties was a credit rating downgrade of Italy by Standard & Poor's. Financial analyst Michael Mross believes the constant downgrades are only putting pressure on the world economy.

Tuesday, September 13, 2011