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Thursday, October 24, 2013

Hitman: Kill the Death Economy! | Interview with John Perkins

Published on 18 Oct 2013 | Abby Martin speaks with John Perkins, best-selling author of 'Confessions of an Economic Hitman' & 'Hoodwinked', about the corporate takeover of world governments and the need to eradicate the death economy.

Thursday, October 17, 2013

What Needs To Be Done To Fix The Global Economy

Published on 22 Sep 2013 | Patrick Bond: For a recovery to occur, national governments must assert economy sovereignty.

BRICS Countries Beset By Economic Problems

Published on 22 Sep 2013 | Patrick Bond: Slow growth and inflation are taking a toll in developing countries

See more videos: http://therealnews.com

Sunday, September 29, 2013

Syria free from Rothchild's Central Banking system?

Published on Sep 29, 2013 | Bank of International Settlement and IMF

Wednesday, September 18, 2013

Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world's reserve currency.

Published on 15 Sep 2013  |  He predicts the transition out of the U.S. Dollar will become, "...quite ugly." He delivered the lecture at Cambridge House's Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.

Monday, September 16, 2013

25 Fast Facts About The Federal Reserve

September 15, 2013 | Source: Michael Snyder, Guest Post

As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a "democratic system", but there is nothing "democratic" about the Federal Reserve. Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy. There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth. The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts about the Federal Reserve that everyone should know...

#1 The greatest period of economic growth in U.S. history was when there was no central bank.

#2 The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created. In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent, and it would be even higher than that if the inflation numbers were not being so grossly manipulated.

#3 Even using the official numbers, the value of the U.S. dollar has declined by more than 95 percent since the Federal Reserve was created nearly 100 years ago.

#4 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#5 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.

#6 The following comes directly from the Fed's official mission statement: "To provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded."

#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the "dotcom bubble", the Federal Reserve created the "housing bubble" and now it has created the largest bond bubble in the history of the planet.

#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report...

Citigroup - $2.513 trillion Morgan Stanley - $2.041 trillion Merrill Lynch - $1.949 trillion Bank of America - $1.344 trillion Barclays PLC - $868 billion Bear Sterns - $853 billion Goldman Sachs - $814 billion Royal Bank of Scotland - $541 billion JP Morgan Chase - $391 billion Deutsche Bank - $354 billion UBS - $287 billion Credit Suisse - $262 billion Lehman Brothers - $183 billion Bank of Scotland - $181 billion BNP Paribas - $175 billion Wells Fargo - $159 billion Dexia - $159 billion Wachovia - $142 billion Dresdner Bank - $135 billion Societe Generale - $124 billion "All Other Borrowers" - $2.639 trillion

#11 The Federal Reserve also paid those big banks $659.4 million in fees to help "administer" those secret loans.

#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.

#13 We were told that the purpose of quantitative easing is to help "stimulate the economy", but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in "excess reserves" that they have parked at the Fed.

#14 Quantitative easing overwhelming benefits those that own stocks and other financial investments. In other words, quantitative easing overwhelmingly favors the very wealthy. Even Barack Obama has admitted that 95 percent of the income gains since he has been president have gone to the top one percent of income earners.

#15 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#16 The Federal Reserve has argued vehemently in federal court that it is "not an agency" of the federal government and therefore not subject to the Freedom of Information Act.

#17 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized "much like private corporations".

#18 The regional Federal Reserve banks issue shares of stock to the "member banks" that own them.

#19 The Federal Reserve system greatly favors the biggest banks. Back in 1970, the five largest U.S. banks held 17 percent of all U.S. banking industry assets. Today, the five largest U.S. banks hold 52 percent of all U.S. banking industry assets.

#20 The Federal Reserve is supposed to "regulate" the big banks, but it has done nothing to stop a 441 trillion dollar interest rate derivatives bubble from inflating which could absolutely devastate our entire financial system.

#21 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established nearly 100 years ago, the U.S. national debt has gotten more than 5000 times larger.

#22 The U.S. government will spend more than 400 billion dollars just on interest on the national debt this year.

#23 If the average rate of interest on U.S. government debt rises to just 6 percent (and it has been much higher than that in the past), we will be paying out more than a trillion dollars a year just in interest on the national debt.

#24 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures". So exactly why is the Federal Reserve doing it?

#25 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence? 

Tuesday, August 20, 2013

Siapa pengawal duit kita di bank?

Mohammad Faizal Che Yusof,13 Ogs 2013

SETELAH beberapa hari berlalunya Syawal, kanak-kanaklah antara mereka yang paling gembira. Apa tidaknya. Syawal yang telah memasuki hari keenam pada hari ini tentunya mendatangkan rasa riang kepada mereka bila duit raya yang diperolehi dikira berulang kali menandakan senangnya rasa hati.

Kini anak-anak berkira-kira pula untuk membeli itu dan ini dan tidak kurang juga memujuk ibu ayah membawa mereka ke mana-mana institusi kewangan untuk mereka sendiri pergi menambah tabungan yang sedia ada. Nah, biarpun berulang kali masuk dan keluar bank, tentu ramai dari kita tidak pernah terfikir rahsia di sebalik duit tunai yang disimpan di bank-bank atau mana-mana institusi kewangan. Apa yang difahami umum, kita akan menyimpan bila ada lebihan dan mengeluarkannya bila ada keperluan.

Dalam sistem kewangan dan perbankan hari ini, mana-mana negara termasuklah Malaysia tertakluk pada satu dasar kewangan dan perbankan yang telah dipersetujui seluruh dunia. Timbullah persoalan, adakah Tabung Kewangan Antarabangsa (IMF) atau Bank Dunia itu merupakan pembuat dasar sebenar kewangan di peringkat antarabangsa? Dengan kata-kata lain, adakah kedua-dua ini bersifat bank pusat kepada dunia? 

Sering kali kita dengar bahawa apa saja projek mega, dua institusi diatasl akan menjadi buah bicara sebagai pembiaya. Projek itu dibiaya IMF, projek ini dibiaya oleh Bank Dunia dan ada juga kata-kata "kita terhimpit atau dianiayai dengan dasar kewangan dan perbankan oleh kedua-dua institusi ini".

Dakwaan-dakwaan terbabit seterusnya mendorong kepada kefahaman bahawa IMF dan Bank Dunia adalah bank pusat kepada dunia.

Wednesday, July 31, 2013

Broad Money Growth Stood At 8.5 Per Cent In June, Says BNM

KUALA LUMPUR, July 31 (Bernama) -- The annual growth in broad money (M3) moderated to 8.5 per cent in June 2013, said Bank Negara Malaysia (BNM).

The central bank said on a year-on-year basis, the slower expansion in M3 was driven by a more modest expansion in credit extended by the banking system to the private sector and a more moderate increase in net foreign assets, due in part to net portfolio outflows during the month.

"Net financing to the private sector grew at a slower pace of 9.1 per cent in June due to a moderation in the growth of both net issuances of private debt securities (PDS) and outstanding loans of the banking system," it said in a statement Wednesday.

BNM said the growth of business loans outstanding remained stable during the month with loans extended mainly to the finance, insurance and business services; education, health and others; agriculture and transportation, storage and communication sectors.

Loans outstanding to households, however, grew at a more moderate pace.

"The overall loan demand remained strong with sustained loan applications from both the business and household sectors," it said.

On the banking system, BNM said it remained well-capitalised under the Basel III Capital Adequacy Framework with the Common Equity Tier 1 Capital Ratio, Tier 1 Capital Ratio and Total Capital Ratio at 11.7 per cent, 12.6 per cent and 13.8 per cent, respectively.

"The level of net impaired loans improved at 1.3 per cent of net loans, while the loan loss coverage remained at above 90 per cent," it said.

BNM said in June the ringgit depreciated against the currencies of Malaysia's major trading partners.

"The ringgit, together with other regional currencies, depreciated during the month, as news of the possibility of the tapering of monetary accommodation in the US and concerns over China's growth trajectory led to a withdrawal of funds from regional financial markets," it added.

In July, the ringgit continued to depreciate further against the currencies of Malaysia's major trading partners, with the exception of the Japanese yen, against which the ringgit appreciated, said BNM.

The international reserves of Bank Negara Malaysia stood at RM438.7 billion (equivalent to US$137.9 billion) as at July 15, 2013, sufficient to finance 9.6 months of retained imports and are 4.3 times the short-term external debt.

It said headline inflation, as measured by the annual percentage change in the Consumer Price Index (CPI), was stable at 1.8 per cent in June 2013 (May: 1.8 per cent).

source -- BERNAMA

Thursday, July 4, 2013

TPPA adalah 'Global Front' Neo Liberal Policy America.

UNDP sebagai perunding telah menasihati/syorkan agar Malaysia tidak tanda-tangani perjanjian TPPA? MP Kelana Jaya bahas titakh di Raja 2013.

Sunday, June 30, 2013

The Paradox of the Creditor Debtor Relationship

Published on Jun 30, 2013 | Germany the Creditor & Debtor Nation.

Dr. Heiner Flassbeck: Germany is asking debtor countries to repay their debts but at the same time preventing them from doing it

Thursday, June 6, 2013

The IMF & NWO economy? - Usury Globalization

About the IMF :

Published on 6 Jun 2013 : With the world's economies so closely connected, having an organization to help countries prevent crises and resolve when they occur is more important than ever.

Wednesday, May 29, 2013

Education & the Neo Liberals?

Chicago Closes 50 Public Schools, Spends $100 Million in Taxpayer Funds on Private College Stadium.

Published on 29 May 2013 : Activists say national union leadership needs to give more support to Black and Latino working class families fighting school closures.

Wednesday, May 15, 2013

Elizabeth Warren Pushes Feds For Answers on Big Banks

Published on May 15, 2013 : "Sen. Elizabeth Warren (D-Mass.) raised the stakes of her quest to find out why a single Wall Street bank has not been prosecuted in the aftermath of the financial crisis Tuesday, sending a letter to the heads of three federal agencies."*

Senator Elizabeth Warren continues to stun as a progressive hero-- after presenting her first bill that would give students the same low interest rates enjoyed by the big banks, she'd pushing for answers as to WHY the feds didn't prosecute Wall Street.

Saturday, May 11, 2013

Wealth Inequality Around The World

Published on Apr 17, 2013 : The extreme truth about how wealth is divided globally. Inspired by the amazing "Wealth Inequality in America" video.

Thursday, April 18, 2013

Does High Public Debt Stifle Economic Growth?

Published on 18 Apr 2013 : New study refutes Reinhart and Rogoff analysis that underpins austerity policy around the world; shows no relation between debt and lack of growth

Monday, March 25, 2013

Gailbraith and Panitch: Is a New "New Deal' Possible?

Intro - Published on 19 Mar 2013 : James K. Gailbraith and Leo Panitch discuss the 80th anniversary of the election of FDR and the significance of the New Deal.

Part 2 - Published on 21 Mar 2013 : James K. Gailbraith and Leo Panitch discuss the 80th anniversary of the election of FDR and the significance of the New Deal

Part 3 - Published on 24 Mar 2013 : James K. Galbraith and Leo Panitch imagine what a genuinely reform minded US government might do about the economy

Wednesday, February 20, 2013

Our Monetary system is logically unsustainable!

Money and Life part 4 : Uploaded on May 17, 2010 : Interview for the upcoming documentary Money & Life by Katie Teague. Visit the website: www.moneyandlifemovie.com

Revert to Gift Economic System

Contrary to popular conception, there is no evidence that societies relied primarily on barter before using money for trade. Instead, non-monetary societies operated largely along the principles of gift economics. When barter did in fact occur, it was usually between either complete strangers or would-be enemies.
The anthropologist Marshall Sahlins writes that Stone Age gift economies were, as evidenced by their nature as gift economies, economies of abundance, not scarcity, despite modern readers’ typical assumption of abject poverty.
Whilst Jonathan Dawson, head of economics at Schumacher College, writes that from an anthropological perspective, “economy and society are inseparable and that markets and money are relatively recent arrivals, a thin veneer layered onto a much older history of co-operation, gift and reciprocity.” 
Territorial conquests and colonization by alien military powers, saw Gift Economies being replaced by market economies based on commodity money. The period is marked by the emergence of city states and the rise of great empires in China, India and the Mediterranean, but was, in a way, connected with the advent of large-scale slavery and the use of coins to pay soldiers, together with the obligation enforced by the State for its subjects to pay its taxes in currency.

Friday, February 15, 2013

LIBOR Scandal More Than Fraud - Whole Game is Rigged

Published on 15 Feb 2013 : Costas Lapavitsas: From multimillion dollar losses by cities like Baltimore to pension fund losses and much more, the LIBOR interest rate scandal shows that such mechanisms must be taken out of the hands of banks and be run in public interest.