I'm always looking for new information to share with people, and particularly information that validates what most of the world now understands, but of course we will never, ever hear on the MSM news.
It has been my feeling for sometime now that we are in the 'end game,' and we are past the point of turning back. Those in power throughout the world made a decision sometime ago, that the World Banking Cartel (regardless of their own reckless and criminal behavior) would not be held accountable. After all, if one of the big power brokers went down such as Countrywide’s Angelo Mozilo, AIG’s Joe Cassano, Lehman’s Richard Fuld and even Robert Rubin of Citigroup, that would mean the entire Wall St/Banking cartel would be compromised, and of course this would lead to further investigations in our government and the governments throughout the world, and above all 'They sure as hell were not going to let that happen, were they?'
Of course not. The decision was made to double down, and when the Great Heist of 2008 was perpetuated on the people of our nation via Hank Paulson and George Bush threatening our Congress with martial law in they didn't hand over the 'loot,' it began a domino effect that has not (and will not) stopped, until the most basic tenants of the laws of humanity and our nation are restored.
That is why what we are now witnessing is a world wide revolution.
While the revolution in Tunisia, Egypt, Libya and other North African countries may seem like an "Arab revolt", it's actually worldwide. Protests involving thousands of protesters have recently been held in:
* Greece
* India
* North Korea
* China
* Halabja, Kut, Sulaimaniya and other Iraqi towns
* Iran
* And elsewhere
Predicted Years Ago
The worldwide riots are not mysterious or unforeseeable. They've been predicted for years, and are a direct result of the bad policy choices made by most nations worldwide. risks onto government balance sheets, which is reflected in the corresponding widening of sovereign credit default swaps: BIS points out in a new report that the bank rescue packages have transferred significant risks onto government balance sheets, which is reflected in the corresponding widening of sovereign credit default swaps:
The scope and magnitude of the bank rescue packages also meant that significant risks had been transferred onto government balance sheets. This was particularly apparent in the market for CDS referencing sovereigns involved either in large individual bank rescues or in broad-based support packages for the financial sector, including the United States. While such CDS were thinly traded prior to the announced rescue packages, spreads widened suddenly on increased demand for credit protection, while corresponding financial sector spreads tightened. In other words, by assuming huge portions of the risk from banks trading in toxic derivatives, and by spending trillions that they don't have, central banks have put their countries at risk ....The Bank for International Settlements - the world's most prestigious financial agency, nicknamed the "central banks' central bank" - warned in December 2008 that the bailouts and other bank rescue programs were putting nations were transferring risks from private companies to nations.
In plain English: These world wide Banking and Wall Street Crooks, Criminals, Thieves and Liars, didn't give a rats ass what the consequences of their actions would be within their own countries, or the world at large, as long as they got their hands on the 'cash,' regardless of the mayhem and catastrophic aftermath, that we are now experiencing world wide.
And of course, the one lesson we have learned is that 'no matter how much money these vipers make, its never enough.'
So all of the toxic dept is being shifted onto the middle class and poor of the worldwide nations, as food prices and commodities soar, and as a result of Wall St. once again, using the commodities market as a new 'gambling casino,' we are seeing thousands of people getting killed and maimed in the streets as revolution begins to boil over. For more on this story and the upcoming consequences of letting the 'crooks off the hook,' go here;
http://www.zerohedge.com/...
If you think you are ever going to hear this kind of 'truth telling on the MSM' think again, or just hold on while I send you your very own new shinny pair of ice skates to wear in hell, because hell is where we are on our way to this very minute, and the reason, is that regardless of what party is in the White House, corruption of this level was turned a blind eye to, and that was the match that lit the fuse, that will continue to spark world wide violence on a epic scale. Corruption always has a cost, but now that cost is beyond stopping; it has become a runaway train with no brakes traveling at the speed of light.
Dennis Blair, testified before the Senate Intelligence Committee. He warned that the deepening economic crisis posed perhaps our gravest threat to stability and national security. It could trigger, he said, a return to the “violent extremism” of the 1920s and 1930s. It turns out that Wall Street, rather than Islamic jihad, has produced our most dangerous terrorists. You wouldn’t know this from the Obama administration, which seems hellbent on draining the blood out of the body politic and transfusing it into the corpse of our financial system. But by the time Barack Obama is done all we will be left with is a corpse—a corpse and no blood. And then what? We will see accelerated plant and retail closures, inflation, an epidemic of bankruptcies, new rounds of foreclosures, bread lines, unemployment surpassing the levels of the Great Depression and, as Blair fears, social upheaval.
The United Nations’ International Labor Organization estimates that some 50 million workers will lose their jobs worldwide this year. The collapse has already seen 3.6 million lost jobs in the United States. The International Monetary Fund’s prediction for global economic growth in 2009 is 0.5 percent—the worst since World War II. There are 2.3 million properties in the United States that received a default notice or were repossessed last year. And this number is set to rise in 2009, especially as vacant commercial real estate begins to be foreclosed. About 20,000 major global banks collapsed, were sold or were nationalized in 2008. There are an estimated 62,000 U.S. companies expected to shut down this year. Unemployment, when you add people no longer looking for jobs and part-time workers who cannot find full-time employment, is close to 14 percent.
And we have few tools left to dig our way out. The manufacturing sector in the United States has been destroyed by globalization. Consumers, thanks to credit card companies and easy lines of credit, are $14 trillion in debt. The government has pledged trillions toward the crisis, most of it borrowed or printed in the form of new money. It is borrowing trillions more to fund our wars in Afghanistan and Iraq. And no one states the obvious: We will never be able to pay these loans back. We are supposed to somehow spend our way out of the crisis and maintain our imperial project on credit. Let our kids worry about it. There is no coherent and realistic plan, one built around our severe limitations, to stanch the bleeding or ameliorate the mounting deprivations we will suffer as citizens. Contrast this with the national security state’s strategies to crush potential civil unrest and you get a glimpse of the future. It doesn’t look good. “The primary near-term security concern of the United States is the global economic crisis and its geopolitical implications,” Blair told the Senate. “The crisis has been ongoing for over a year, and economists are divided over whether and when we could hit bottom. Some even fear that the recession could further deepen and reach the level of the Great Depression. Of course, all of us recall the dramatic political consequences wrought by the economic turmoil of the 1920s and 1930s in Europe, the instability, and high levels of violent extremism.”
http://www.truthdig.com/...
I've come to believe that the United States is in a strange 'suspended state of utter delusion,' and I also believe that this corruption is simply snowballing, as we watch that asshat, Walker in Wisconsin (like all the Republicans) take full advantage of this economic corruption and catastrophe, to tear the fucking guts out of the Unions to 'finish off' any sibilance of what used to known as the 'working middle class,' of this nation. But that is the point: this is how corruption mutates and spreads like an insane cancer on meth; Once we gave the A-OK to the Great Heist of 2008, all BETS WERE OFF. Do you get that folks? Looking forward instead of backward, is no different from that old tried and true idiom;
Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement: and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it.
http://en.wikiquote.org/...
Simon Johnson points out just how completely incompetent and delusional Timothy Geithner really is:
LOS ANGELES – In a recent interview, United States Treasury Secretary Tim Geithner laid out his view of the nature of world economic growth and the role of the US financial sector. It is a deeply disturbing vision, one that amounts to a huge, uninformed gamble with the future of the American economy – and that suggests that Geithner remains the senior public official worldwide who is most in thrall to the self-serving ideology of big banks. Geithner argues that the world will now experience a major “financial deepening,” owing to growing demand in emerging markets for financial products and services. He is thinking, of course, of “middle-income” countries like India, China, and Brazil. And he is right to emphasize that all have made terrific progress and now offer great opportunities for the rising middle class, which wants to accumulate savings, borrow more easily (for productive investment, home purchases, education, etc), and, more generally, smooth out consumption.
But then Geithner takes a leap. He wants US banks to take the lead in these countries’ financial development. His words are worth quoting at length: “I don’t have any enthusiasm for…trying to shrink the relative importance of the financial system in our economy as a test of reform, because we have to think about the fact that we operate in the broader world…It’s the same thing for Microsoft or anything else. We want US firms to benefit from that…Now, financial firms are different because of the risk, but you can contain that through regulation.”
There are three serious problems with this view. First, Geithner ignores everything that we know about the pattern of financial development around the world. It is very rare for financial systems to develop without major crises. In fact, experience in recent decades confirms what should have been obvious from previous centuries: as countries grow and accumulate savings, they become increasingly prone to financial collapse. Given Geithner’s extensive international crisis-fighting experience at the US Treasury, the International Monetary Fund, and the New York Federal Reserve, his current naiveté on this point is simply stunning.
http://www.project-syndicate.org/...
BTW, this article is a must read, it left me breathless, and once again, I kept asking myself over and over again: What fucking planet is Geithner living on? and, 'Does he actually hear what he is saying? and, 'Does he really think we are going to buy this crap?' and, 'Would somebody pleaaaaaaaaaaaaaaaaaseee fly this guy into Tripoli for the next week, to show him what happens when food prices are being jacked up to the hilt by his pals on Wall Street?'
Rising global food prices has pushed an estimated 44 million more people into extreme poverty in developing countries over the past eight months, the World Bank said Tuesday.
The poverty-fighting institution said its food price index increased by 15 per cent between October, 2010, and January, 2011, and is just 3 per cent below its 2008 peak during the last food price crisis.
http://www.huffingtonpost.com/...
Oh, yesssssssssssssssss Timmy everything is just hunky dory in the good old US of A, where criminal behavior has now been duly sanctioned by our entire bought off government. I mean, it's not like the entire world is exploding or anything, is it Timmy?
Guess you didn't get a chance to read this article Tim;
By Gordon T. Long of Tipping Points
2011 Tipping Points (pdf)
Throughout my 2010 article series "Extend & Pretend" and "Sultans of Swap" I stressed that we were rapidly moving from the Financial Crisis of 2008, through the Economic Fallout of 2009 -2010, towards a Political Crisis in 2011 -2012. We are now clearly beginning to see the early emergence of the final part of this continuum. From North Africa to Wisconsin all are fundamentally based on the single insidious underlying problem - excessive global debt and credit levels.
The global macroeconomic environment appears to be rapidly unraveling. The situations in North Africa through the Middle East are blatant proof of social unrest and accelerating political instability. Food shortages and inflation pressures are now driving people into the streets. When you feel the hunger in your stomach and see it in the eyes of your children, it quickly erupts and motivates people to action.
http://www.zerohedge.com/...
I don't blame President Obama as to what is now happening out in our world. The Powers that Be, are greater and more insidious than any of us 'peasants' can really understand, but I know that President Obama did have a choice to make that would and could have changed the course of this country, at a pivotal time in our nation. Unlike FDR, he decided to take the easy way out, as I've come to believe that President Obama's Achilles heel, is his inability to use the power of confrontation and the power of the Bully pulpit, for those that would have been willing to follow him into hell (if need be), to demand that this systemic corruption that has brought the world to the point of Global Revolution, be addressed in a fair and just manner.
And yes, that would have been a very difficult path for President Obama to have chosen, and perhaps we could not have gotten Health Care Reform, and Financial Reform (such as they are), but the consequences of turning a blind eye to this world wide economic corruption and catastrophe, in the end, may pale in comparison to passing two extremely weak and questionable so called 'reform packages.' After all neither of these reform packages, are keeping both the Republicans and the Democrats from slashing and burning the social services and safety nets, nor are they helping to rebuild our jobs in our nation, nor or they even touching the crashed housing markets. Instead we are now hearing how the Democrats (Harry Reid) is now 'warming up' the the Republicans ideas for cutting, cutting and cutting.
Because someone, has to pay off all that 'toxic debt,' that is floating around out there created by Wall St./Bankstas of the World, don't they?
Yeah, I know, hindsight is 20/20 and all that blah, blah, blah. But when you deeply reflect on what the Great Heist of 2008 is truly costing not just our nation, but the entire world, then your view becomes different. That reflection of the true cost of corruption, and the road that was not traveled by President Obama is, when you think about it costing our nation, and our world more than we could ever have imagined.
Once began, Revolutions take on a life of their own. Pandora's box has now been opened and the Oligarchy has gotten the message, and so should we: It's either them, or its us.
But you see, that 'bell has been rung' and cannot be silenced. The Oligarchy has made their choice by choosing corruption, and now it is time for the people of the world to make their choice. It really is that simple, and it really has come to that point in time. But never let it not be said: There was a choice to make, and the Oligarchy could give a rat's ass what it costs the rest of the world, the middle class or the poor. If we do not understand that by now, then we never will.
No man is an island,
Entire of itself.
Each is a piece of the continent,
A part of the main.
If a clod be washed away by the sea,
Europe is the less.
As well as if a promontory were.
As well as if a manner of thine own
Or of thine friend's were.
Each man's death diminishes me,
For I am involved in mankind.
Therefore, send not to know
For whom the bell tolls,
It tolls for thee.
by John Donne
Wish it were not so. Thanks as always,
Ms. B.