Catherine Austin Fitts: Hold Goldman Accountable! 1/2…

~got to love it…everything we’ve [I've] been saying for years~

Max Keiser: Mass Rioting In Greece As Economists Warn Of Global ‘Armageddon Scenarios’ 1/3…

Steve Watson
http://www.infowars.net/
http://www.prisonplanet.com/
June 16, 2011

As protesters continue to run riot in the streets, economists are warning that the whole of Europe and by extension, the rest of the world could face financial armageddon should Greece default on its debt, in the absence of a second bailout.

Financial experts are warning of a ‘Lehman Moment’ as the European markets are beginning to show signs of unraveling in the wake of the Greek crisis.

“The markets have moved from simply pricing in a high probability of a Greek debt default to looking at a scenario of it becoming disorderly and of contagion spreading to other economies like Portugal, like Ireland, and maybe Spain, Italy and Belgium.” a former UK Treasury official told Bloomberg news.

Many European countries and banks currently hold billions in Greek debt, meaning that a Greek default will act like a virus throughout Europe.

According to the Bank for International Settlements, Spanish banks currently hold $600 million in Greek debt, Italian banks hold $2.6 billion, UK banks hold $3.2 billion, French banks hold $19.8 billion, German banks hold $26.3 billion and other Eurozone countries hold a combined total of around $15.7 billion in Greek debt.

US banks also hold $1.8 billion in Greek debt and Japanese banks hold $500 million in Greek debt.

The euro has declined by more than 2 percent against the already vastly devalued dollar within the past two days. Equities declined around the world, while corporate bond protection costs soared to their highest level since January. There is now an estimated 78 percent chance that Greece will not pay its debts.

Four of Greece’s largest banks have been downgraded by Standard & Poor’s, while Moody’s Investors Service said it may downgrade BNP Paribas SA and two other big French banks owing to the amount of Greek debt they hold.

A worldwide market freeze on the scale of that seen in 2008 following the collapse of Lehman is looking increasingly likely. Such a scenario would send shockwaves through currencies, money markets, equities and derivatives globally.

The Greek Prime Minister, George Papandreou, is seeking a parliamentary vote on a 78 billion-euro ($110 billion) program of austerity cuts and asset sales. The EU and the IMF have announced that the program must be passed by the end of the month in order that the country can receive “funds disbursement”.

Should such a motion not pass, “Armageddon scenarios come into play, which include default and potentially the whole contagion scenario plays out.” Charles Diebel, head of market strategy at Lloyds Bank Corporate Markets in London, wrote in a note to clients yesterday.

THE EXCAVATOR…

“TRUTH IS IN HISTORY, BUT HISTORY IS NOT THE TRUTH.” – NICOLÁS GÓMEZ DÁVILA

Jesse Ventura: The Emperor Has No Clothes

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Hearken To The Sacred Geese Of Juno Moneto..shame shame Bernanke…

Antal E. Fekete

On April 6 last I sent an open letter Congressmen Ron Paul of Texas accusing the Chairman of the Board of Governors of the Federal Reserve, Dr. Ben Bernanke, that

(1)  his program of Quantitative Easing (QE) whereby the Federal Reserve banks purchase U.S. Treasury paper directly from the U.S. Treasury is not authorized by the Federal Reserve Act and is therefore unlawful;

(2)  even if for the sake of argument we disregard where the Fed buysits paper, the sum appears to be higher than all available Federal Reserve credit outstanding and, moreover, the F.R. banks do not have unencumbered collateral to post in order to create more to conclude these purchases.

I have received an unusually large feedback in my e-mail. People want to know how I can substantiate these accusations against Dr. Bernanke. Of course I cannot say that I have caught Dr. Bernanke red-handed. All I can do is to present circumstantial evidence.

I start with a statement that I am fully aware of the seriousness of my accusations, and my responsibility in making them. I do not make them frivolously.  I have been contemplating to do it for decades. My reasons for postponing have to do with calculating for maximum impact. I am but an isolated individual trying to take on the incumbent of one of the most powerful officesever created on this earth. Wrong timing may be suicidal.

6 Charts Which Prove That Central Banks All Over The Globe Are Recklessly Printing Money…

The Economic Collapse

If the U.S. dollar is being devalued so rapidly, then why does it sometimes increase in value against other global currencies?  Well, it is because everybody is recklessly printing money now.  The 6 charts which you are about to see below prove this.  The truth is that it is not just the U.S. Federal Reserve which has been printing money like there is no tomorrow.  Out of control money printing has also been happening in the UK, in the EU, in Japan, in China and in India.  There are times when one particular global currency will fall faster than the others, but the reality is that they are all being rapidly devalued.  Unfortunately, this is a recipe for a global economic nightmare.

Right now you can almost smell the panic as it rises in global financial markets.  Investors all over the world are racing to get out of paper and to get into hard assets.  Just about anything that is “real” and “tangible” is hot right now.  Gold hit a record high last year and it is on the rise again.  In fact, it just hit a new five-week high. Demand for silver is becoming absolutely ridiculous right now.  Oil is marching up towards $100 a barrel again.  Agricultural commodities have exploded in price over the past year.  Many investors are even gobbling up art and other collectibles.

Paper money is no longer considered to be safe.  All over the globe investors are watching all of the reckless money printing that has been going on and they are becoming alarmed.  An increasing number of investors and financial institutions are putting their wealth into hard assets that are real and tangible in an effort to preserve their wealth.

The other day, a reader of this column named James sent me some charts that he had put together.  I thought they were so good that I asked him if I could include them in an article.  These charts show how central banks all over the globe have been recklessly printing money.  Over the last 30 years virtually the entire world has developed a great love affair with fiat currency….

So is everyone printing money?

The U.S. is printing lots of money…..

Never Forget The Fed Caused The Economic Downturn…GO PAUL!!

“January 1 2011- The Fed that destroys and The Fed that claims to repair, Milken still rich, wake up to revolution in 2011, few jobs created last year, billions in costs to taxpayers, tax breaks for the mega rich, flat Christmas, TSA gets in your pants understanding the looming crisis…”

Chairman of the Federal Reserve, Ben Bernanke, would have us believe that if it were not for QE1 unemployment would have been considerably higher. Since QE2 began in June, U6 has only improved by ¼%. Perhaps better numbers are on the way, but that has not been an auspicious start. If we remember correctly almost all the funds in QE1 and now in QE2 have been lent to financial firms in the US and Europe, transnational conglomerates and governments and central banks. Most of those funds have been held on balance sheets to fain solvency. Very little has reached the public or to reduce unemployment. All we have to show for 2-1/2 years is a financial sector hanging on by a thread and more massive debt in the trillions.

What should be permanently stamped in your minds is that the financial carnage we have experienced is the fault of the Fed and the financial sector and that same Fed bailed out the crooks and left the public high and dry with 22-3/8% unemployment and a shattered residential and commercial real estate sector that is still two years from the bottom and perhaps 30 years away from appreciation.

It is despicable for Mr. Bernanke to have insinuated he helped avert higher unemployed when it was the policy of the owners of the Fed and Wall Street and banking, which was the cause of the worst depression since the “Great Depression” of the 1930s. It should be noted that the end of the damage is nowhere in sight. Throwing trillions of dollars at a problem doesn’t solve it, and in this case will only make it get worse. In addition, trillions of dollars in wealth were destroyed and as a reward for their greed the Fed, which allowed the public to pay for the Ponzi scheme, protected the financial sector.

As far as we know the Fed has already purchased with taxpayer funds about $1.5 trillion in MBS, known as toxic waste, which was created by the financial sector. The question is how much more has been purchased by the Fed and are they going to purchase more to bail out financial institutions and others? One of the things that is never mentioned is restitution for all the money these crooks stole. In a civil action concerning $5 billion in bogus MBS and other derivative products, Goldman Sachs, neither admitted or denied, and was found guilty of civil fraud, and paid a fine of $500 million. They got to keep the other $4.5 billion – another sweetheart deal to permanently protect them of criminal charges. Michael Milkin stole $3 billion, gave $1 billion back and kept $2 billion after doing 1-1/2 years in a prison country club. Then there was Warren Buffet’s, Berkshire Hathaway, which defrauded the government of $300 million. His firm paid a $100 million fine and kept the rest. Milkin was the exception, no one else since has been incarcerated. As you can see, it pays to be an elitist crook in America.

Wikileaks a clever way to sell Propaganda by sandwiching it in with the obvious…

The Bernanke (Beware of “the” Bernanke)….BAAAHHHH

Well they had me till the RP part….~jude

Conspiracy Theory With Jesse Ventura, Season 2 Episode 3 (Wall St) – PT 3 of 4…

Episode premiered Friday November 05 2010 10:00 PM ET

Part three is the best part IMO

Part 1: http://www.youtube.com/watch?v=vMgjp4gFJyU

Part 2: http://www.youtube.com/watch?v=nLQYngqtvn0

Part 3: http://www.youtube.com/watch?v=MkSI8kyqUnk

As always, thank you for your support:-)

r

http://www.enterprisecorruption.com/

Last link is the most important~ ;) please go visit~jude

GEORGE CARLIN SPEAKS THE F*KIN TRUTH!….

OMG~Don’t know how I missed this one…Ole George was a hero!!

~jude

OMG~