ECONOMY

Debt ridden Florida town considers forgiving $1.7 M loan to Holocaust center

Hollywood, Florida is facing a $38 million budget deficit in 2012 and has voted tentatively to increase property taxes and firefighting fees. So the prospect of its redevelopment arm writing off a $1.7 million loan for a Holocaust center is creating some consternation. In 2005, the city gave the center a $50,000 grant for roof repairs, and in 2007 forgave another $500,000 loan for renovations.

Submitted by andie531 on Sun, 2011-07-17 23:10

Why QE2 Failed: The Money All Went Offshore

In essence, it appears as if much of the monetary stimulus generated by the Federal Reserve System went into the Eurodollar market...Cash assets at the smaller U.S. banks remained relatively flat . . . . Thus, the reserves the Fed was pumping into the banking system were not going into the smaller banks. . . .business loans continue to “tank” at the smaller banking institutions. . . .The real lending by commercial banks is not taking place in the United States. The lending is taking place off-shore, underwritten by the Federal Reserve System and this is doing little or nothing to help the American economy grow.

Submitted by Fester on Thu, 2011-07-14 13:41

Anger grows among Greeks over austerity measures

Greeks have taken to venting their frustration over the country’s economic plight by hurling yoghurt and verbal abuse at ruling socialist legislators.

Submitted by Sullivan on Sat, 2011-07-09 11:16

VIDEO: Rothschild and The Secret History of the International Bond Market - War Wealth Politics and Power

Demo project Excerpt from War Wealth Politics and Power. The Secret History of the International Bond Market:

Film maker seeks investors / producers for a ground breaking series on the history of politics and banking and commodities from Greco Roman Age to present day with a focus on the powerful families that have dominated each era to the present day.

For inquiries information send an email to: realpolitikfims@gmail.com

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Submitted by joeblow on Fri, 2011-07-01 10:29

UK enters strike chaos: 750,000 public workers walk out

It's not only Greece that's seeing mass civil unrest. In the UK around three quarters of a million public sector workers are set to protest against government plans to change their pensions, and freeze pay. Many schools will be closed, and transport is likely to be severely affected, as workers embark on a one day strike. RT's Laura Emmett listened to the voices of frustration.

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Submitted by Sullivan on Fri, 2011-07-01 00:32

Canada’s Foreign Minister Meets With Libya's Elitist “Rebels”

Canadian Foreign Affairs Minister John Baird met this week with Libya’s National Transitional Council, the rebel organization claiming to be the “sole representative of all Libya", even though it represents less than half of Libya’s tribes. The group’s leadership is almost entirely elitist, Arab, pro-Western businessmen with American Ph.D.s. It has formed a central bank to act as monetary authority over a country it does not control and has made contracts with foreign governments for oil in rebel-held territories.

Submitted by andie531 on Tue, 2011-06-28 23:47

Debtocracy

This Greek-produced documentary addresses the causes of the Greek debt crisis and offers potential solutions to this crisis that are not currently being considered by the Greek government.  

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Submitted by Sullivan on Wed, 2011-06-22 11:17

Spanish banks teeter on brink of collapse

The European economy edged towards a fresh crisis yesterday, as Spain's leaders were forced to admit that credit had dried up for some of the country's banks.

Submitted by Tyler Durden on Sun, 2011-06-19 21:41

Keiser Report: Economic Melt-Through

Max Keiser and co-host, Stacy Herbert, report on financial melt-through and bad actors. In the second half of the show, Max talks to David Morgan of Silver-Investor.com about Utah's new gold and silver legislation and Gresham's Law.

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Submitted by Sullivan on Wed, 2011-06-15 07:12

Hotspots with Max Keiser - Ireland

Financial war reporter, Max Keiser, travels to the global financial war. This time, Keiser is in Ireland

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Submitted by Sullivan on Sun, 2011-06-12 20:20

Inside Job -The Movie

A must see.

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Submitted by Crimes of Zion on Fri, 2011-06-10 18:09

Cindy Sheehan interview with Cynthia McKinney

Interview dated March 20, 2011

Submitted by andie531 on Sat, 2011-06-04 23:11

Federal Reserve Bank (Inc.) A Murderous History? Banksters, the Worlds Worst Gangsters

The accomplishments of the Rothschild's and fellow banksters is nothing short of astonishing.  They have literally got the world to hand them the right to manufacture money out of nothing and then to turn around and lend the mammon back to the world plus usurious interest!  Almost single handedly, this small group of men have dominated the world.  However, in their efforts to dominate the world they have caused extraordinary pain and agony and even potentially the complete destruction of life on earth.

Webpage discovered by Rockclimber!

Submitted by joeblow on Sun, 2011-05-29 14:15

Roubini Says Banks to Plunge Irish Into ‘Disastrous’ Crisis

Ireland may be plunged into a a “disastrous” sovereign debt crisis within three years as the cost of rescuing its banks mounts, Nouriel Roubini, who predicted the global financial crisis, said.

Submitted by Sullivan on Sat, 2011-05-28 09:33

Peter Schiff Report: National Inflation Association co-founder admits NIA is a FRAUD!

National Inflation Association co-founder George Hemminger (aka George4Title) exposes his former organization for the pump & dump scams it commits at the direction of its scandal-plagued leader, Jonathan Lebed. GO TO SCHIFFRADIO.COM to listen to the complete interview

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Submitted by joeblow on Thu, 2011-05-26 10:50

Ian R Crane interview on Russia Today

Russia today interview with Ian R Crane on deep geo politics & false flag events, including the smokescreen for seizing Libyan oil, the Bin Laden deception and depopulation in the Gulf of Mexico...

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Submitted by joeblow on Thu, 2011-05-12 19:34

Max Keiser on Tonight With Vincent Browne

Max Keiser on Irish political talking-heads show

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Submitted by Sullivan on Sun, 2011-05-08 21:41

Japanese officials downplay travel risks

The nuclear crisis at Japan's Fukushima plant has badly hit the country's tourism industry. Now, Japanese officials and businessmen say the dangers of visiting Japan have been heavily exaggerated.

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Submitted by Sullivan on Sun, 2011-04-24 09:16

What Socialism for the Rich Costs India

It is government policy. And it is the largest conceivable transfer of wealth and resources to the wealthy and the corporate world that the media never look at...Of course, this being India, every plunder of public money for private profit is a “pro-poor measure”. You can hear the argument already: the huge bonanza for the gold and diamond crowd was only to save the jobs of poor workers in the midst of a global economic crisis. Touching. Only it didn't save a single job in Surat or elsewhere.

Submitted by andie531 on Sat, 2011-04-02 15:36

Police arrest 9 over collapse of Icelandic bank

The Iranian Jewish property entrepreneurs Robert and Vincent Tchenguiz were among nine people arrested today in connection with the collapse of Icelandic banking giant Kaupthing.

Submitted by andie531 on Sat, 2011-03-12 17:28

The Global Economic Crisis: Central Banking at the Centre of Power

To understand the historical context of the current crisis, it is pivotal to address the nature of the most vital and powerful force within the capitalist global political economy: the central banking system. One of the least understood, most widely ignored, and mysteries of capitalism, the central banking system, is also the source of the greatest wealth and power, essentially managing capitalism – controlling the credit and debt of both government and industry.

Submitted by Crimes of Zion on Fri, 2011-03-11 03:47

The Fed Under Fire

The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.

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Submitted by Crimes of Zion on Thu, 2011-03-10 06:28

Strengthening shekel costs Bank of Israel $4.8bn

Fighting currency appreciation is an expensive business.

Submitted by andie531 on Fri, 2011-02-25 17:46

Iraq beckons with opportunities (for foreigners, not Iraqis)

The Iraq government and business establishments here are saying ‘No’ to Bangladeshis and are keen to get workers from India to man their establishments.  What about Iraqis, I ask Mohsin, who owns a small shop filled with exquisite crockery . “Oh no, they don’t have much education and years of free food from the government has made them lazy. But Indians, we know, are very hardworking.”  In other news, many Iraqis are living below poverty level, with entire families subsisting on as little as $4 a day.

Submitted by andie531 on Wed, 2011-02-23 20:20

"Anti-Semitism" rises as Greece seeks deeper ties with Israel

Last week, Mikis Theodorakis -- known for composing the music for Zorba the Greek -- appeared on television and blamed U.S. Jews for Greece’s economic malaise, declaring he is “anti-Israel and anti-Semitic.”  “Everything that happens today in the world has to do with the Zionists,” he said. “American Jews are behind the world economic crisis that has hit Greece also.” The composer also warned "we're in danger! Zionism and it leaders are here, meeting in our country! "This is no laughing matter.”

Submitted by andie531 on Tue, 2011-02-22 02:55

Ross Garnaut: Economic Hit Man

Climate change guru Professor Ross Garnaut is an economic “hit man”, a hired gun for the City of London bankers, whose current job is to eliminate Australia’s industrial economy through a carbon tax/trading system.

Submitted by Crimes of Zion on Tue, 2011-02-15 02:46

Massachusetts partners with Israel, U.K. to create jobs, expand business

The “Massachusetts Innovation Economy Partnership Mission 2011,” will connect Massachusetts with Israel and the United Kingdom in an attempt to create jobs, expand business and collaborate in different industries.

Submitted by andie531 on Mon, 2011-02-14 04:52

Ford posts biggest profits in 11 years - Ford's stock drops 13% on Wall Street

Come March, Ford Motor Co. — not Uncle Sam — will cut checks averaging $5,000 for thousands of workers at its Claycomo plant.  That’s the reward for a work force that contributed to producing Ford’s best annual profit in 11 years after surviving perhaps the U.S. auto industry’s darkest period...Despite the big profit for the year, Ford’s stock dropped 13.4 percent Friday. Its fourth-quarter profit of $190 million was less than Wall Street had been expecting...

Submitted by andie531 on Sat, 2011-01-29 19:16

Development agency urges Irish default on debt

Ireland should learn from the examples of third world and developing countries and default on bank debt, development agency Afri (Action from Ireland) has said.

Submitted by Sullivan on Fri, 2010-12-31 21:53

The UK inflation genie is out of the bottle

As 2010 draws to a close, it's becoming ever clearer that the UK's economic prognosis is not good.

Submitted by Sullivan on Sun, 2010-12-26 20:04

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