Centro Studi
Monetari
|
News "Following English example, the American
law of 1873 describes a dollar coin as the 'unit of value'. A unit
means one. Yet directly after declaring the unit to consist of one,
this same law provides for the coinage of illimitable other units of
like weight and fineness, and declares each of them to be units like
the first one, and to have precisely the same legal functions. How can they have the same
functions, if the rule be sound, as undoubtedly it is, that the value
- and this means, of necessity, the measuring function - of money is in inverse ratio to
its quantity ? (...) The politico-economical rule, therefore,
needs to be amended, to render it explicit. It should read: the value of money is in inverse
ratio to its NUMBERS." - Alexander Del Mar, The
Science of Money, 1896
AppuntamentiAttualità non-solo-SCEC - CSM - Altre news Petizioni Riassunto del sistema
- "El
futuro del dinero" Cómo millones de monedas van a cambiar el mundo,
Auditorio de la Universidad Latinoamericana, Plantel del Valle, Gabriel
Mancera 1402, Colonia del Valle, México D.F, 26 de noviembre 2008, HORA
17 a 22 THE OPEN MONEY MANIFEST 開 かれた通貨宣言 Manifesto “Dinero Abierto” Manifeste des Monnaies Libres Call for the building of a European Network for Public Money Attualità di novembre 2008  Non-solo-SCEC
Promoting flexicurity by
implementing local currencyA Plan For Hard Times: Print Cash - By Tony Dokoupil, NEWSWEEK, Nov 22, 2008 Dozens of such systems flourished during the Great Depression. In the 1990s, they re-emerged as a way to fight globalization by keeping wealth in local hands. Now the dream of homespun cash is back because it keeps people liquid even if they're unemployed or short on traditional dollars On line Arcipelago SCEC - Scritto da Paola Doricchi, SINISTRAeuropea.it, 26/11/2008 è un associazione tra persone che perseguono un’idea nata dall’esigenza di creare spazi economici complementari, o alternativi, ad un sistema economico che scientificamente produce povertà ed emarginazione sociale Beppe Grillo su federalismo, monete regionali, etc. (Youtube video) - novembre 2008 Lotta al caro vita, presentata Mozione per creare una Moneta Locale ad Erice! - 19 novembre 2008 PROVVEDIMENTI DI SOSTEGNO ECONOMICO PER LA POPOLAZIONE DEL COMUNE DI ERICE: “PROGETTO SCEC”, UN BUONO LOCALE DI SOLIDARIETA’ ALTERNATIVA/ SOSTITUTIVA ALL’EURO  Uno "Scec" per risolvere la crisi delle famiglie? - marsal@it, Erice, 19/11/2008 Scec, lo sconto che cammina - TeleSUD Trapani, 19 novembre 2008 Il consigliere comunale di Erice Gianrosario Simonte ha proposto al Comune di farsi promotore di una iniziativa per contrastare il caro vita, introducendo dei buoni nell’ambito del progetto Scec, che sta prendendo piede in molti paesi europei - Nuova moneta e nuovo commercio: Cosa sono e come ci possono aiutare i Buoni Locali - sede ABC, Sabato 22 novembre a Milano, in via della Capinera 5 (Metro INGANNI), dalle ore 15 alle 18 Goldmoney.com emerges as a lawful model to do online banking - November 20, 2008 Scec a Radio Gamma 5 - Marcello Pamio, Disinformazione, 20 novembre 2008 Razionale per l'emissione di Danée a Milano: [Come Milano divenne Capitale della Repubblica Lombarda] "In 1240 the Milanese, whose trade had been interrupted by the war, and had not yet resumed its accustomed flow, made an issue of paper notes, which Arthur Young has termed the origin of all paper money that has since passed in Europe. These paper notes appear to have been employed, until the resumption of its trade with Germany enabled the city to retire them, and substitute silver coins in their place. During the period of the Milanese paper currency, the commerce of the city recovered so rapidly, and the receipts of bullion from Germany became so great, that, in 1260, Milan, now the capital of the Lombardian republic, found it necessary, in order to comply with the requirements of its merchants, to put more than a hundred mints in operation." - Alexander Del Mar, Money and Civilization, 1886 (Nello stesso periodo, nacque il catasto di Milano. Oggi nelle grandi città si sopperisce surrettiziamente alla mancanza di circolante attraverso l'incremento della velocità di circolazione derivante dall'accattonaggio, dai traffici di droga, dalla prostituzione, dalla microcriminalità e dalle multe e sanzioni...) PATTO FORMATIVO PER IL RILANCIO DEI SETTORI DELL'AGROALIMENTARE DELL' AGRINDUSTRIA E DELL’AGROFORESTALE NELLA PROVINCIA DI CROTONE ATTRAVERSO L’ USO DEI BUONI LOCALI DELLA SOLIDARIETA' CHE CAMMINA - SCEC" Gruppi di Acquisto Solidale e mercati contadini (video) - intervista al Sen. Rossi, 4 novembre 2008 Un convegno con le scintille: Free energy, scie chimiche e signoraggio - di Guido Petrangeli, 11 November 2008 C'è un cuore nascosto tra i Danée... (stereogramma) Conference 26 Nov. 2008 Mexico - The Future of Money: how millions of currencies are going to change the world Millions of free currencies will soon circulate on the Net and through our cell phones. They will not be controlled by states or central banks, they will be issued and used by millions of marketplaces willing to free themselves from conventional debt-based, interest-based money. Early players such as banks, telecom companies, dotcoms, developing countries, entrepreneurs who will anticipate and accompany this evolution will get an incredible first mover advantage Convegno "Moneta Complementare" e presentazione del libro "Il grande mutuo" di Galloni - Cartoceto (prov. Pesaro e Urbino), Palazzo del Popolo, h 17.30, giovedì 6 novembre 2008  Economic Commentary: Private Money in Our Past, Present, and Future - Bruce Champ, Federal Reserve Bank of Cleveland, 01.01.07 The government isn’t the only entity allowed to issue money. Private citizens and businesses can too, and throughout U.S. history, they often have. But private money—as such money is called—isn’t issued much these days. What lessons have our experiences with private money taught us, and what do they imply for our money today and in the future? 15 novembre 2008: presentazione della “Libera Pluriversità Di Napoli” La Provincia di Frosinone concede il PATROCINIO al progetto EuroSIC - 3 novembre 2008 Stacco uno SCEC e risparmio sulla spesa - di Manolo Morandini, Il Tirreno, 2 novembre 2008 CSM NEWS ( Ask for your local EGMONT GROUP affiliate to investigate seigniorage-laundering! )  Official:
Banks Create Money! - Copy of letter from HM Treasury, UK, 5 August
2008"There is nothing at all new in this process of credit creation by the banks. The same process operates in much the same way in banking systems the world over, and its origin goes back centuries." Bretton Woods and the Forgotten Concept of International Seigniorage - Dix Sandbeck. Economic Reform, 2003 German Weimar Republic in the early 1920s and the U.S. - Troubling similarities - NowAndFutures.com Safety Fears Over Nanobanking - CSM, 27 November 2008 Nanobanking is the science of manipulating money and credit reserves on the nanoscale -- 80,000 times smaller than the width of a human hair Buoni locali a Milano: ci scommettiamo un EURO? - di Marco Saba, 24 novembre 2008 Il modello fallace che viene seguito è ancora quello del "mors tua vita mea", un paradigma che data dai tempi in cui la matematica della teoria dei giochi non era ancora arrivata a scoprire l'equilibrio di Nash, ovvero che esistono dei tipi di giochi a somma positiva dove tutte le parti in causa traggono un guadagno... The Austrians Were Right - by Ron Paul, Nov 24, 2008 It is unimaginable that Congress could be so derelict in its duty. It does nothing but condone the arrogance of the Fed in its refusal to tell us where the $2 trillion has gone. All Members of Congress and all Americans should be outraged that conditions could deteriorate to this degree. It's no wonder that a large and growing number of Americans are now demanding an end to the Fed. The choice we face is ominous: We either accept world-wide authoritarian government holding together a flawed system, OR we restore the principles of the Constitution, limit government power, restore commodity money without a Federal Reserve system, reject world government, and promote the cause of peace by protecting liberty equally for all persons. Freedom is the answer US: Panics, Depressions and Economic Crisis Prior to 1930 The Power Elite Playbook, Fascism and False Flags = War - By Deanna Spingola, 22 November 2008 Both Roosevelt and Churchill knew the details of the Japanese Pearl Harbor attack in advance. Britain had cracked the naval JN-25 code. U.S. Army attaché Colonel Bonner Fellers was told on December 6, 1941 that Japan planned their assault within 24 hours. A “day of infamy” attack on American soil was the only way Roosevelt could get Congress into the war for the benefit of Britain. Churchill directed Roosevelt. The big question is – who was directing Churchill? End the Fed, End Wall Street Bankster Rule, End the Derivatives Depression - by Webster G. Tarpley, Global Research, November 23, 2008 The November 22 End the Fed rallies raise a vital issue: it is past time to abolish the unconstitutional, illegal, and failed institution known as the Federal Reserve System, the privately owned central bank which has been looting and wrecking the US economy for almost a hundred years. We must end a system where unelected, unaccountable cliques of bankers and financiers loyal to names like Morgan, Rockefeller, and Mellon set interest rates and money supply behind closed doors, leading to de-industrialization, mass impoverishment, and a world economic and financial depression of incalculable severity John Coleman, CONSPIRATORS' HIERARCHY: THE STORY OF THE COMMITTEE OF 300, 1992 Д-р Джон Колеман, КОМИТЕТ 300 - ТАЙНЫ МИРОВОГО ПРАВИТЕЛЬСТВА, “ВИТЯЗЬ”, МОСКВА, 2000 Peter Beter, The Conspiracy Against the Dollar: The Spirit of the New Imperialism, 1973 In this controversial book a former counsel to the American Gold Association and the Export-Import Bank of the United States exposes the invisible world of the conspiracy against the dollar . He defines the role of the international speculators, tells who they are and how they operate, and why the U. S. government appears to be powerless to cope. He explains how traditional economic theories are used as a smoke screen to hide the real motives and operations of the “corporate aristocracy.” Murray Rothbard, The Case Against the Fed, The Ludwig von Mises Institute, 1994 Once our banker begins his career of crime, there are several things he has to worry about. In the first place, he must worry that if he is caught out, he might go to jail and endure heavy fines as an embezzler. It becomes important for him to hire legal counsel, economists, and financial writers to convince the courts and the public that his fractional-reserve actions are certainly not fraud and embezzlement, that they are merely legitimate entrepreneurial actions and voluntary contracts. And that therefore if someone should present a receipt promising redemption in gold or cash on demand, and if the banker cannot pay, that this is merely an unfortunate entrepreneurial failure rather than the uncovering of a criminal act. To get away with this line of argument, he has to convince the authorities that his deposit liabilities are not a bailment, like a warehouse, but merely a good-faith debt. If the banker can convince people of this trickery, then he has greatly widened the temptation and the opportunity he enjoys, for practicing fractional-reserve embezzlement The U.S. Financial Crisis: The Global Dimension with Implications for U.S. Policy - CRS Report for Congress, November 18, 2008 MILIONI DI LICENZIAMENTI IMMINENTI IN ITALIA E CENTINAIA DI MILIONI NEL MONDO - Avv. A.L. Marra, 20 novembre 2008 LA RIVOLUZIONE PLANETARIA CHE CAUSERANNO, E LA FORTUNA PER IL VECCHIO REGIME, DI NON ESSERE NEL 1789. Se infatti è, ad esempio, tecnicamente criminale il signoraggio primario e secondario delle banche, che è l’essenza di ogni male, è però ancora più grave che la magistratura, la politica e l’informazione lo abbiano difeso in tutti i modi. Una difesa che è avvenuta in un meccanismo di corrispettivi in virtù del quale tutti si sono in un modo o nell’altro venduti a tutti  STUDIARE DA BANCHIERE NELLA ROMA DEL QUATTROCENTO - PAOLO CHERUBINI, Milano 4 giugno 2007 «L’esistenza di questi meccanismi finanziari e monetari giustificavano la presenza massiccia di mercanti non solo presso la corte, ma anche presso la stessa città, richiamati dal notevole vantaggio relativo di poter disporre nel sistema economico urbano romano di una offerta di moneta generalmente sufficiente, contrariamente a quanto accadeva nell’economia europea dell’epoca, fortemente esposta ai fenomeni della deflazione». Proprio attorno a queste due grandi piazze (piazza Navona e Campo de' Fiori) pone la propria sede un numero elevatissimo di mercanti e banchieri. L’area tende a divenire il cuore commerciale della città, collocato a metà strada tra il Campidoglio e la curia e proiettato verso i palazzi vaticani divenuti ormai stabile residenza dei pontefici. Comprende i rioni di Parione e Ponte che si vanno riempiendo, fino al completo esaurimento di ogni spazio, di residenti curiali e, non a caso, di prostitute. (...) a pronunciarsi sul corretto funzionamento della macchina finanziaria statale, a cominciare dal controllo dei libri contabili dei banchieri appaltatori delle entrate e depositari per le uscite, è sempre personale che per formazione non dispone affatto delle necessarie competenze specifiche... The Yakuza and/or the Zaibatsu The Yakuza are a significant power, traditionally associated with corruption in the Japanese government, they now compete with the zaibatsu, stealing from them, selling to them or acting as a middleman. In fact, if you were to ask the leading Yakuza oyabun what they feared, it would not be the cops, government or other Yakuza, but the zaibatsu... [seigniorage masters] Japan: the zaibatsu (literally financial cliques) were the diversified family enterprises that rose to prominence in the Meiji Era. Some of the most important zaibatsu and their origins are here The Power Elite Playbook, Japan, Land of Western Industrialization - By Deanna Spingola, 15 November 2008 In Japan – “For a thousand years, it was the policy of emperors and shoguns to keep the people ignorant, and to keep taxes high enough so families had to struggle to survive, because this kept them fully occupied and harmless.” With the Japanese banking crisis of 1927 (similar to the one in the late 1990s), a financial panic gripped Tokyo. Many of Japan’s biggest banks had made massive unsecured loans to businesses that were, in fact, owned by the same bankers or their friends or family. This predictably created a sense of prosperity and reckless expansion. There were no audits, no oversight – just easy money. Years without interest collection led to a major crisis and a government bailout loan of 2 billion yen which only assisted the privileged individuals who had triggered the dilemma. Eight hundred out of 1,422 pre-crisis smaller banks inevitably collapsed, reducing competition. Compare this to the $700 billion Wall Street open-ended bailout of September 2008  Seigniorage Masters: The Tsutsumi Family and the Seibu Enterprises IL DEBITO PUBBLICO IN ITALIA 1861-1987 - Paolo Ranuzzi, DIREZIONE GENERALE DEL DEBITO PUBBLICO, 1988 “Il malcontento è grave, un senso di malessere si diffonde in tutte le classi della società. Le sorgenti della ricchezza vanno a disseccarsi. Noi facciamo il lavoro di Tantalo o di Penelope. Il signor Rothschild, re del milione, è, finanziariamente parlando, re dell'Italia" - senatore Siotto-Pintor, Atti Parlamentari, Discussioni del Senato, sess. 1863-65, v. IV, p.3091. A THREAT TO THE NEW WORLD ORDER? - by Wallace Klinck, Canada Unlike the vast amounts of money created as loans by the banking system as exponentially expanding debt, the Social Credit consumption credits, not accounted as debt, would create no new financial costs and would be available to liquidate the earlier debts of industry contracted as bank loans to initiate the processes of production. What Douglas advocated was the conferring upon each individual citizen, in effect, of an increasing and inalienable beneficial share in the communal capital in the form of increased purchasing power - so as to establish a condition wherein all citizens might enjoy increasing economic security 'wherein none could make them afraid.' Chris Powell: Gold and silver market manipulation update - gata.org, 2008-11-14 A year ago it was still a struggle to persuade some people that the gold and silver markets were being manipulated by Western central banks. Now, after months of financial turmoil around the world and constant central bank intervention in the markets, to believe that the gold and silver markets are not being manipulated by central banks you have to believe that those markets are the only markets not being so manipulated... Book: Usury: A Scriptural, Ethical and Economic View - Calvin Elliott, THE ANTI-USURY LEAGUE, 1902 The Financial Instrument of National Power - U.S. Army Field Manual FM 3-05.130, Appendix E, September 30, 2008 "Today, privately issued electronic money is in circulation. Historic forms of money, such as gold (as in the case of digital gold currency), back some of these private currencies. Transactions in these currencies represent an annual turnover value in billions of U.S. dollars." "Army Special Operations Forces Unconventional Warfare," U.S. Army Field Manual FM 3-05.130, September 30, 2008 The agent controlling the creation, flow, and access to “stores of value” wields power. Although finance is generally an operation of real and virtual currency, anything that can serve as a “medium of exchange” provides those who accept the medium with a method of financial transaction. For both reasons, ARSOF understand that they can and should exploit the active and analytical capabilities existing in the financial instrument of U.S. power in the conduct of UW. (...) Like all other instruments of U.S. national power, the use and effects of financial weapons are interrelated and they must be coordinated carefully. Once again, ARSOF must work with the DOS and IC to determine which elements of the human terrain in the UWOA are most susceptible to financial engagement and what second- and third-order effects are likely from such engagement. The Treasury’s Office of International Affairs and Office of Terrorism and Financial Intelligence (TFI) (and its components), together with the Financial Crimes Enforcement Network (FinCEN), provide financially mission-focused channels for identifying opportunities to employ the financial weapon. In addition to intelligence and policy changes that may provide active incentive or disincentive leverage, the Office of Foreign Assets Control (OFAC) has a long history of conducting economic warfare valuable to any ARSOF UW campaign. CREARE l'AUREO - di Guglielmo Maria LOLLI GHETTI "Occorre pertanto trasformare l’Euro, troppo corrotto, compromesso e debole, rispetto alla morsa finanziaria di un dollaro privo di valore e di una sterlina più forte in grado di attirare capitali da investi-mento, in Aureo, inteso come una Moneta di Riserva Universale in grado di assicurare tutte le economie dei popoli aderenti in un libero scambio, garantito su base paritaria da un paniere di valori che non possa consentire a nessuno, monopoli e monopsonio di mercato, perché il tutto deve essere regolato su un patto di rispetto e di etica assoluto intergenerazionale come lo avrebbero stabilito i Cavalieri Templari"  Dennis Kucinich talks about Steve Zarlenga, American Monetary Institute (video) - November 8, 2008 The Lost Science of Money is one of the most important book in our generation. It explains how we gained political freedom from Britain in 1776, but we failed to gain monetary freedom. That failure has lead directly to our current monetary disaster Open Letter to the Political Leaders Gathered at the November 15 Washington, D.C., Summit on Financial Markets and the World Economy - Richard Cook No matter how much tinkering around the edges the leaders might engage in, we all recognize that nothing worthwhile will have been accomplished without a paradigm shift in the relationship between finance and the daily lives of the citizens of the globe. The Corrupt Origins of Central Banking - by Thomas J. DiLorenzo, Mises Institute, 11/5/2008 US Central banking has been a corrupt, mercantilist scheme and an engine of corporate welfare from its very beginning in the late 18th century. An important part of the "Morris scheme," as Rothbard called it, was "to organize and head a central bank, to provide cheap credit and expanded money for himself and his allies. The … Bank of North America was deliberately modeled after the Bank of England." The Bank was given a monopoly privilege of its notes being receivable in all tax payments to state and federal government, and no other banks were permitted to operate in the country. It "graciously agreed to lend most of its newly created money to the federal government," wrote Rothbard, and "the hapless taxpayers would have to pay the Bank principal and interest." [VEDI ANCHE: IL TRATTATO DI MATRIX] THE POLITICAL ECONOMY OF THE RECONSTRUCTION FINANCE CORPORATION'S BAIL-OUT OF THE U.S. BANKING SYSTEM DURING THE GREAT DEPRESSION - Randall S. Kroszner, May 1994 By the end of 1932, the RFC authorized roughly $1 billion in loans, primarily to banks. The problems in the banking system, however, persisted throughout 1932. In January 1933, the banking situation began to deteriorate rapidly. Between late January and early March, state after state declared banking "holidays" in which all of the banks of a state were ordered to be closed. When Roosevelt took office on March 4, 1933, bank holidays were in effect in the majority of states. Two days later, FDR declared a nationwide bank holiday, thereby shutting all banks in the country. Jesse Jones, the Texas banker and RFC board member under Hoover who became the powerful RFC board chairman under Roosevelt, writes: "It became increasingly evident to us [on the RFC board during late 1932 and early 1933] that loans were not an adequate medicine to fight the epidemic." The Wall Street bailout looks a lot like Iraq -- a "free-fraud zone" where private contractors cash in on the mess they helped create - by Naomi Klein, Rolling Stone, November 9, 2008 Treasury's plan to buy up the toxic debts never made sense and should be immediately scrapped - a move that would also handily get rid of most of the crony contractors. As for purchasing equity in banks, the next round of deals - and there will be more - has to start from the premise that the banks are bankrupt and will therefore accept whatever terms we choose to impose, including real regulatory oversight. The possibilities of what could be done if a chunk of the banking system were genuinely under public control - from a moratorium on home foreclosures to mandatory investment in green community redevelopment - are limitless What Banks are Really Doing (Part 1) (Part 2) (Part 3) (Part 4) (Part 5) - by Rance Foulston Trailer del libro "o la banca o la vita" (video) - novembre 2008 Can we fix the global financial system? Yes, we can! - John Bunzl, International Simultaneous Policy Organisation, November 2008 If governments created all new money they wouldn’t need to borrow or pay interest and we could all have lower taxes. But sadly even our governments are caught in the pyramid scheme having historically allowed the private banks to take over the vital right of money creation – a right which should always have been the government’s alone, on behalf of the people. That’s why more and more new money has to be created just to pay the interest on government debt, as it does on all other debt. In fact, debt-based growth becomes an imperative because if the pyramid doesn’t keep growing, it collapses. So, what can government bail-outs for the banks amount to? Nothing but a desperate attempt to shore up a rotten system that cannot ultimately be shored up Barack Obama: the Banker’s Choice - Kurt Nimmo, Infowars, November 5, 2008 As Georgetown professor and CFR historian Carroll Quigley noted, the goal of the banking families and their minions consists of “nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.” ALL IS WELL IN STEPFORDVILLE: MORE ON THE PRE-ELECTION CHICANERY OF THE PLUNGE PROTECTION TEAM - Ellen Brown, November 3rd, 2008 For obvious reasons, the mechanism by which the PPT has ridden to the rescue is not detailed on the Fed’s website; but some analysts think they know. An antitrust group called GATA (the Gold Anti-Trust Action Committee) has been tracking the PPT’s moves for many years. Michael Bolser of GATA concluded in 2004 that PPT money is being funneled through the Fed’s “primary dealers,” a group of favored Wall Street brokerage firms and investment banks. The device used is a form of loan called a “repurchase agreement” or “repo,” which is a contract for the sale and future repurchase of Treasury securities. While the Dow is being propped up by the PPT through massive buying, the gold market is held down by massive short selling, since gold is considered a key indicator of inflation. If the gold price were to soar, the Fed would have to increase interest rates to tighten the money supply, collapsing the housing bubble and forcing the government to raise inflation-adjusted payments for Social Security. The people become complacent and accept bad leadership, bad policies and bad laws, because they think things are still “working” for them economically. Unlike the Mafia, the PPT has enormous advantages. The operation is immune to investigation or prosecution... Crisi economica, bancaria e finanziaria: opzioni disponibili (abstract) - Centro Studi Monetari, 3 novembre 2008 [The Power Elite Playbook] China: Shanghaied by Communism - By Deanna Spingola, 2 November 2008 The Sassoons preferred to run their financial interests from their luxurious English estates in order to socialize with royalty and other elites like A. J. Balfour, H. G. Wells and the rising Winston Churchill. In addition to drug profits and in order to exploit India’s cheap labor force, Albert Sassoon established huge textile mills in Bombay. This early-day outsourcing destabilized the Lancashire mills and devastated the English citizens who depended on the mills for employment. In 1872, despite this economic assault, Albert was knighted by Queen Victoria, both economically unaffected by the collapse in the textile industry. In 1887, Edward Albert Sassoon, son of Sir Albert, married Aline Caroline de Rothschild of the French banking family, grand-daughter of Jacob (James) Mayer Rothschild, son of Mayer Block versus Caplan on Fractional Reserve Banking - by Walter Block, LewRockwell, November 1, 2008 Intervista all'economista Nino Galloni - video realizzato a 8BERSCEC, Riccione, 25/10/2008 Altre News novembre 2008 [Il 28 dicembre 2008 la banca d'Italia deve ritornare per legge proprietà dello Stato (Legge n.262 28 dicembre 2005, Titolo IV, art. 19 par. 10); a quel punto sarebbe possibile, per l'Italia, eliminare definitivamente l'inganno del debito pubblico emettendo direttamente la quota nazionale di euro attraverso "bigiietti di Stato a corso legale" [Italian legal-tender treasury notes] e recuperando la rendita monetaria effettiva, prima che sia troppo tardi..."Quando il Tesoro richiedeva alle banche di emissione consistenti finanziamenti monetari, che non si potevano configurare come anticipazioni temporanee, la corrispondente carta-moneta veniva denominata "biglietti" di Stato e, in forza di questa denominazione, l'intera circolazione monetaria veniva dichiarata inconvertibile (corso forzoso). Tali biglietti di Stato avevano un costo per l'erario assai basso (quello di stampa.)" - Paolo Ranuzzi de Bianchi] "For a government to collect taxes is like the owner of a tin mine to collect old cans" - Ezra Pound, Impact: essays on ignorance and the decline of American civilization As Crisis Mounts, Ecuador Declares Foreign Debt Illegitimate and Illegal - By Daniel Denvir, AlterNet. November 26, 2008 A special debt audit commission released a report charging that much of Ecuador's foreign debt was illegitimate or illegal. The commission recommended that Ecuador default on $3.9 billion in foreign commercial debts--Global Bonds 2012, 2015 and 2030--the result of debts restructured in 2000 after the country's 1999 default. Former Constituent Assembly President Alberto Acosta echoed Correa, saying that the proposal could provide the legal basis for the prosecution of Ecuadorian officials involved in the negotiation of illegal or illegitimate debt  HAPPY BANKSGIVING
TO ALL OUR AMERICAN FRIENDS !!!
Ad acquistare le quote di Bankitalia deve essre il Tesoro - Diana Pugliese, Rinascita, 26 Novembre 2008 L’atto finale della partita - per lo più affrontata dai principali media nostrani solo marginalmente - è dunque l’attuazione di quanto previsto dalla legge del risparmio approvata di gran corsa a fine 2005, a seguito degli scandali bancari dei “furbetti del quartierino”, vale a dire il definitivo passaggio della Banca d’Italia dalle banche private ad Enti pubblici tanto più numerosi quanto meno pericolosi in vista del controllo della Banca stessa (il risultato sarà, nel migliore dei casi, che lo STATO recupererà un cinquantesimo della rendita monetaria, quella derivante dall'emissione delle banconote, rimanendo per ora fuori dal grande gioco del signoraggio derivante dalla creazione del denaro virtuale, il cosiddetto "credito") China's banks to pump billions into economy - but will it work? - By John Foley, Telegraph, 26 Nov 2008 China is about to pump billions of dollars through state-owned banks to save the domestic economy. But will it work? That depends on whether the banks know when to lend - and when not to. The fallout from the failed $66bn takeover of miner Rio Tinto suggests they have much to learn (it will work because China didn't forfeited monetary sovereignty to kleptosaurs, like the morons we are, and so they are free to use the real monetary rent for any project they wish) 'Encouraged by a wicked wizard, Greenspan, Bernanke toils at his printing press' - By Hugh Hendry, Telegraph, 27 Nov 2008 The past 30 years of economic history may have produced a daunting sequel to the original Wizard of Oz, written by Frank Baum. The original Frank Baum story was written as a political allegory of America's entry on to the gold standard in 1879. The strictures of sound money coincided with a vibrant post Civil War economy. The result was deflation: prices fell by 1.7pc pa between 1875 and 1896. The farmer, as depicted by the scarecrow, was held captive by falling agricultural prices and mortgages owed to the big banks, the wicked witch of the east. The spell of tight monetary policy cast a pall over the poor tin woodsman: every time he swung his axe, he chopped off part of his body. It was a depiction of the economy's shuttered and rusting factories Gold price to launch nuclear-powered moon shot in December? - By: Watchman, 27 November 2008 The open interest in gold shorts past december is falling precipitously as many holders of the contracts (many foreign investors) are expected to demand delivery. To be sure, this has the international bank community looking for a clean pair of underwear LaRouche: Paulson Willing to Sink All U.S. Banks - LPAC, November 26, 2008 Citigroup says gold could rise above $2,000 next year as world unravels - By Ambrose Evans-Pritchard, Telegraph, 27 Nov 2008 Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world's monetary system with liquidity, according to an internal client note from the US bank Citigroup What The Obama Admin Really Represents - By Benjamin Fulford, rense.com, 11-27-8 The general mobilization of all U.S. military veterans is designed to help kick-start a similar campaign to get the US back on a fast growth track after it goes bankrupt some time during the first half of next year Challenges still exist in CDS clearing, report says - By Isabelle Clary, PIonline, November 25, 2008 Challenges remain in the various plans that would bring central counterparty clearing to the $43 trillion over-the-counter credit-default swaps market, according to an Aite Group report After Citi, is Bank of America next? - By Elinor Comlay, Reuters, November 26, 2008 Kaupthing: offre dans les prochains jours - L'Investigateur, 26/11/2008 l'Association pour la Garantie des Dépôts Luxembourg (AGDL) procédera dès lundi 1er décembre à l'indemnisation des épargnants sous forme d'avances, à hauteur de 20.000 euros Citigroup bailout slammed by New Yorkers - Reuters, Nov 26, 2008 "They were bailed out before, this is the second bailout, so what's going on? Are they going to ask for another bailout soon?" asked Cheril Nichols, a 50-year-old nurse from New Jersey GNP: Gross National Pyramid explained - by Benjamin Fulford So-called Economics is a Rockefeller con-job (PIL: Piramide Interna Lorda) As mortgages went bad, executives cashed out - By William Heisel, Los Angeles Times, November 26, 2008 While Irvine subprime lender New Century was failing, key executives continually changed their stock trading plans and often sold within days of colleagues' trades, a Times investigation shows FDA Scientists Revolt Against Corrupt Food and Drug Administration Officials - by: Mike Adams, NaturalNews, November 24, 2008 The FDA, you see, is a criminal organization engaged in tactics of intimidation, censorship and oppression that can only be properly called "terrorism." Don't take my word for it, though: The FDA's own top scientists are now on the record saying much the same thing! Massacre in Mumbai: 'Put your hands up if you are British,' gunmen tell terrified travellers - By Andrew Buncombe, The Independent, 27 November 2008 India's financial capital, Mumbai, was rocked by a series of gun attacks and blasts last night that targeted luxury hotels and restaurants – and especially British and American visitors. At least 80 people were reported to have been killed and up to 250 injured 'Economic benefits of mass immigration are close to zero', Lords told - By Ian Drury, Daily Mail, 15th November 2008 Lord Wakeham, the Tory former Cabinet minister who chaired the inquiry, said: 'We found no evidence of these large economic benefits. 'What we did find was serious flaws in the Government's arguments and we concluded that on average the economic benefits of immigration were small and close to zero.' DE BORCHGRAVE: Nostradamus redux - Arnaud de Borchgrave, Washington Times, November 24, 2008 Mr. Celente says, "There will be a revolution in this country," though not until 2012, and it will take the form of a bloodless coup and the meteoric rise of a third party. While all this sounds like claptrap to sophisticated observers inside the Beltway, one can't ignore the high marks his forecasting gets from such prestigious global publications as the Economist: "A network of 25 experts whose range of specialties would rival many university faculties." - Conference 26 Nov. 2008 Mexico - The Future of Money: how millions of currencies are going to change the world Financial Crisis Banksgiving in America - By: Darryl R Schoon, The Market Oracle, Nov 26, 2008 In credit/debt based economies, the sale of “investment” debt is critical in the confidence game that fiat money has forced on society. If such investment debt is not retired, sold, or rolled forward, the confidence game comes to a halt; and, when the merry-go-round of debt slows sufficiently, the game is over (Happy Banksgiving to all!) [Kleptosaurus Rex] Ritratto di Paul Volcker, il saggio dell'economia americana - MilanoFinanza, 26/11/2008 Saccomanni (Bankitalia): crisi, recessione meno grave di anni 30 - Reuters, 26 novembre 2008 Secondo Saccomanni per superare la crisi "bisognerà riformare il sistema finanziario internazionale, trovare un'ancora che orienti verso la stabilità finanziarie" (per esempio, internando in uno zoo i cleptosauri della moneta e del credito) WHITEHALL COULD RAISE £100+++ BILLION WITH NO PAIN BUT DOWNING STREET WOULD HAVE TO DUMP ITS EUDOLATRY FIRST - Christopher Story, 25 November 2008 20:45 STOP ALL TAX PAYMENTS TO THE EUROPEAN COMMISSION UNTIL IT CLEANS UP ITS ACT. AFTER 14 YEARS OF FRAUDULENT E.C. ACCOUNTS, PAYMENTS TO BRUSSELS MUST CEASE UBS loses favour with angry Swiss - BBC, 22 November 2008 Using Switzerland's system of direct democracy, Thomas Minder has collected the required 100,000 signatures to hold a nationwide referendum to end, as he puts it, "the corporate rip off." His proposal would forbid golden handshakes, bonuses would be performance related, and excessive salaries banned. Perhaps luckily for Swiss business leaders, it will be a year or so before this goes to the vote - because given the current national mood, if the polling stations opened tomorrow, Mr Minder's idea would be a shoo in...  The Madness of EU Finance - by Steve McGiffen, SPECTREZINE, November 26, 2008 Every year, the EU financial watchdog's report pronounces on the degree to which the EU financial affairs over the last 12 months have been handled in an efficient and trustworthy fashion. Its annual conclusion can be summed up as follows - a large proportion of the taxpayers' money disbursed by the EU each year is wasted or embezzled Cost Of Bailout Hits $8.5 Trillion - Paul Joseph Watson, Prison Planet.com, November 26, 2008 Total sum represents 60 per cent of GDP Zaleski/ Esposto-denuncia Adusbef contro banche finanziatrici - Apcom, 26 nov. 2008 Per accertare eventuali violazioni in criteri erogazione fidi. ("The problems we face today cannot be solved by the minds that created them" - Albert Einstein ) Beyond Taxation Without Representation - By: Theodore Butler, Silverseek, 25 November, 2008 Silver market analyst Ted Butler speculates that the U.S. Commodity Futures Trading Commission's latest investigation of the silver market was concocted to buy time for the market manipulators to engineer one final selloff in which they might cover their short positions THE "BIGGEST PIECE" OF THE PUZZLE - Posted By: CAFR1, RMNews, 25 November 2008 Financial Meltdown: You Ain't Seen Nothing Yet - by Mike Whitney, Global Research, November 25, 2008 Will Geithner be that stubborn? Not likely. And Paulson is a hard-nosed class warrior, too. Notice how every dime of the bailout has gone to banksters while all the efforts to provide relief to autoworkers, consumers or struggling homeowners have been blocked. Anyone who isn't in the upper 1 percent income bracket can forget about getting a helping hand Investors voice anger at hedge fund restrictions - David Walker, Financial News, 25 Nov 2008 Investors in hedge funds are voicing their anger at fund managers restricting how much they can withdraw from the $1.6 trillion (€1.2 trillion) industry, which has lost more than one fifth of its value so far this year Forbes: Paulson is 'worst' treasury secretary in modern times - From CNN's Peter Lanier, November 24, 2008 FDIC adds 54 more banks to its 'problem list' - AP, 25 Nov 2008 The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter -- yet another sign of escalating troubles among the institutions controlling Americans' deposits. In the second quarter, 117 FDIC-insured institutions were on the list. Now, at 171, the number of institutions on the FDIC's "problem list" is at its highest level since late 1995 Has the Fed Mortgaged Its Own Future? - By JACK WILLOUGHBY, NOVEMBER 24, 2008 Adds Walker Todd, a former Fed lawyer: "The Fed has stretched its authority farther and wider than it ever has in its entire history. The risk is that they won't be able or willing to mop up all this excess liquidity when it comes time to head off inflation a few years down the road." Protests in Iceland (text+video) - Option Armageddon, November 25, 2008 My concern, and the reason I oppose the bailouts, is that the long-run alternative is worse. Creating an even larger federal credit bubble to reflate the private credit bubble that’s deflating solves nothing. A crash will come, the business cycle can’t be banished. By committing itself to guarantee all of the liabilities of the private financial system, the government will have little ammunition left once the downturn gets going in earnest Florida Governor Looks at Foreclosure Moratorium - housingwire.com, 2008-11-25 Looking to follow in the footsteps of California governor Arnold Schwarzenegger, who has proposed a 90-day foreclosure moratorium in the state as a way to prevent foreclosures, Florida governor Charlie Crist suggested to reporters Monday afternoon that his office was looking at a similar proposal CRISI: SOCIAL CARD, TESSERA BLU RICARICABILE A 800.000 CITTADINI - ASCA, 25 nov 2008 E' una misura palliativa: ben presto si capirà che è molto più conveniente per tutti emettere biglietti di stato a corso legale denominati in euro (EUROLIRE, anche virtuali) che non creano debito pubblico, da distribuire direttamente alla popolazione (vedi la proposta di Wiseman, consulente di Rohatyn che a sua volta è nel cda della Rothschild Continuation Holdings AG, che permette di aggirare il Trattato di MATRIX). L'idea invece che il governo presti alle banche per poi prestare a noi è sciocca: tanto vale usare direttamente allo scopo la Cassa Depositi e Prestiti, dopo averla rinazionalizzata completamente tagliando fuori le fondazioni bancarie della SPECTRE RUSSIAN ANALYST PREDICTS DECLINE AND BREAKUP OF U.S. - RIA Novosti, 25 November 2008 If what we are seeing happening in our financial world is NOT the roll-up phase of Faction Two's plan to bankrupt the FED and ALL of its member banks... then my prediction will be accurate... we will have a world divided into 3 parts... all free of the FED and its City of London owners RIOTS IN ICELAND - HOW MUCH LONGER UNTIL THEY ARE HERE?? - By: Rayelan, RMNews, 25 November 2008 Bankruptcy update, Britain plus California - Ambrose Evans-Pritchard , Telegraph, Nov 25, 2008 The liabilities of the British-based banks -- which include HSBC and Standard Chartered, with all their global exposure, as well as RBS, Barclays, Lloyds TSB, HBOS, and Northern Rock -- are disturbingly large for the size of the UK economy In 39 cities across the country, FED-UP! citizens protested - Lorie Kramer, November 25, 2008 the Federal Reserve Banking System in the United States. This page is a collective report of those demonstrations  US taxpayers are revolting everywhere - the private seigniorage scam is exposed Pre-Budget report: World's economies take radical steps over threat of recession - By Gordon Rayner, Teh Telegraph, 25 Nov 2008 The radical measures announced in Alistair Darling's pre-Budget report reflected a growing belief among the world's finance ministers that desperate solutions are needed to head off another Great Depression - like considering increasing tax for their wealthiest citizens to fund tax breaks elsewhere... U.S. pledges top $7.7 trillion to unfreeze credit - By Mark Pittman and Bob Ivry, Bloomberg News, November 24, 2008 Federal Judge Penalizes Broker Over 'Egregious' Conduct - Kate Fazzini, New York Law Journal, November 25, 2008 Invoking a 2007 Securities and Exchange Commission rule that broadened the definition of fraud victims to include individual investors in pooled vehicles, a federal judge has ordered a former employee of a Brooklyn investment company and broker-dealer to pay a civil penalty of $130,000 and disgorge $92,857 in fraudulent gains. Joseph Lovaglio worked for Rabinovich & Associates, which was accused of using a Wall Street address as a cover for a Brooklyn "boiler room." SEVEN POINT SEVEN TRILLION - Time for revenge - Hal Turner, November 24, 2008 When the US suffers its final, massive economic collapse, probably by the end of February, 2009, the New World Order types think they'll have a free hand at putting things back together the way they want. They're sadly mistaken A Discredited Dollar Is a Likely Outcome of the Current Crisis - By Christopher Wood, The Wall Street Journal, November 24, 2008 The Fed is out of ammunition (but the government is doomed) Procès Fortis: les plaidoiries en appel auront lieu jeudi - L'investigateur, 24/11/2008 Obama Crushes Hopes of Progressives with Rubinesque Economic Team - By Matthew Rothschild, The Progressive, November 24, 2008 Both Lawrence Summers and Timothy Geithner are experienced at ramming free market policies down the throats of other nations People of Lakota Launch Private Bank for Only Silver and Gold Currencies - November 24th, 2008 In a stunning development, the Free & Independent People of Lakota announced today the introduction of the world’s first non-reserve, non-fractional bank that accepts only silver and gold currencies for deposit Obama names his US Treasury team - BBC, 24 November 2008 Obama: "I've sought leaders who can offer sound judgment and fresh thinking." President-elect Barack Obama has named his top economic advisers to oversee a huge economic stimulus package. Timothy Geithner, the president of the New York Federal Reserve, will be the next US treasury secretary (can you believe this?) Amtrust Ordered Not To Take On More Loans - wcpn.org, 2008-11-24 Federal Reserve and Treasury Offer Half of US GDP to the Wall Street Loan Sharks - 2008-11-24 Our motto used to be "millions for defense, but not one cent for tribute." That has changed to "Trillions for the banks, but a few dollars loaned at interest for the real economy." PFF Bank and Trust, Pomona, CA - By Tony, The Bank Implode-O-meter, November 21st, 2008 PFF Bank & Trust of Pomona was one of three FDIC bank closings today. The closure marked the 22nd FDIC casualty of the credit crisis in 2008 Downey Savings & Loan Association, Newport Beach - By Tony, The Bank Implode-O-meter, November 21st, 2008 Downey Savings & Loan Association, Newport Beach, reached the end of the line today as it became the 21st FDIC casualty this year The Community Bank, Loganville, GA - By Tony, The Bank Implode-O-meter, November 21st, 2008 The Community Bank, Loganville, GA has become the 20-th FDIC victim of 2008. The bank was was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. Bank of Essex of Tappahannock, Virginia, will take over all of the deposits Cominciano le rivolte. Come prepararsi - Maurizio Blondet, Effedieffe, 24 novembre 2008 Migliaia di islandesi - ligi alle autorità - hanno dimostrato per le strade di Reykjavik reclamando le dimissioni del primo ministro Geir Haarde e del governatore della Banca Centrale David Oddsson, ritenuti colpevoli del disastro finanziario del Paese. Le manifestazioni avvengono da giorni, con scontri con la polizia (come se i poliziotti fossero marziani...) Foreclosures, delinquencies skyrocketing among 'prime' borrowers - By E. Scott Reckard, LATimes, November 24, 2008 Nationwide, 3.07% of prime mortgages were in foreclosure or at least 60 days late in the second quarter of this year, easily topping the previous record of 1.97% set in 1985 Over 50,000 homeowners in NYS face foreclosures - www.chinaview.cn, 2008-11-24 The rise in foreclosures due to the housing bust is also ominous for the finances of local governments, who rely on property taxes for 44 percent of their revenue, the report quoted New York State Comptroller Thomas DiNapoli as saying The Truth About Bailouts - Peter Schiff, 321gold, Nov 24, 2008 Any money that the world lends to America to finance more consumption will never be repaid. We will simply blow through it, and be back, hat in hand, begging for more. As we painfully learned in the housing bust, lending people money that they cannot pay back makes no sense. This applies equally to foreign central banks lending to America as it does to commercial banks lending to homeowners The Truth About Bailouts - Peter Schiff, 321gold, Nov 24, 2008 Menzogne e show - Antonio Di Pietro, 24 Novembre 2008 Ha detto che le famiglie devono consumare di più, altrimenti le aziende si fermano. Quelle famiglie a cui la sua politica dissennata sta sfilando gli ultimi centesimi di tasca e che stanno finendo per le strade a migliaia perdendo i posti di lavoro ogni giorno. Il tutto mentre i suoi parlamentari bocciano gli emendamenti dell’Italia dei Valori per eliminare i doppi rimborsi elettorali e i doppi stipendi per Parlamentari e Ministri e Sottosegretari D'Alema, il più uguale degli altri - Marco Travaglio, 24 Novembre 2008 Il groviglio dei bonifici sui conti di Mills - Daniele Martinelli, 23 Novembre 2008 Jittery investors rush to exit private equity funds - Financial Times, 24 Nov 2008 Investors in private equity funds are selling their commitments for as little as 30% of their initial value, amid mounting concerns that the buyout industry would encounter a slump in the years ahead Colossal Financial Collapse: The Truth behind the Citigroup Bank "Nationalization" - by F. William Engdahl, Global Research, November 24, 2008 Down on the farm, a frenzy over free food - By Allison Sherry, The Denver Post, 11/23/2008 In a sign of bad economic times, more than 40,000 show up when a Weld family invites people to gather surplus produce [global default] Citizens’ Economic Stimulus Plan: Stop Paying Credit Card Debt - by Richard C. Cook, Global Research, November 24, 2008 Ladies and gentlemen, the financial system has destroyed America. And really and honestly, the folks in Washington, both those arriving and those departing, don’t know what to do. I have argued in recent articles that the government should implement what I have modestly called the “Cook Plan,” whereby a dividend similar to the Alaska Permanent Fund would be paid to every U.S. citizen at the rate of $1,000 per month in vouchers for food, housing, and other necessities of life.Such a system would provide recompense for the vast amounts of money stolen from citizens’ pockets due to a lifetime of borrowing from financial institutions which are now looting our children’s and grandchildren’s heritage to pay for generations of abuse. This abuse has taken place under a debt-based monetary system by which banks create money out of thin air, then charge the rest of us interest to utilize it for survival. This system has operated for almost a century under the auspices of a Federal Reserve System accountable to no one U.S. Financial System Bailout Mushrooms to $7.4 Trillion - By: Richard Shaw, Bloomberg, November 24, 2008 This news leaves us simply speechless. Fed Pledges Exceed $7.4 Trillion to Ease Frozen Company Credit. The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago UK Emergency Tax Cuts to Get Consumers Spending - By: Nadeem Walayat, The Market Oracle, Nov 24, 2008 [blackmail success] Citigroup Bailout Agreement Reached - By: Mike Shedlock, The Market Oracle, November 24, 2008 The Wall Street Journal is reporting U.S. Agrees to Citigroup Bailout . The federal government agreed Sunday to take unprecedented steps to stabilize Citigroup Inc. by moving to guarantee close to $300 billion in troubled assets weighing on the bank's books, according to people familiar with details of the plan DEPARTMENT OF HOMELAND SECURITY: Billions Invested in Major Programs Lack Appropriate Oversight - Report to the Chairman, Subcommittee on Homeland Security, Committee on Appropriations, House of Representatives, November 2008 This Is Not A Normal Recession: Moving On To Plan B - By Mike Whitney, 11-23-8 Because the real purpose of these exotic investments is not to provide true value to the buyer, but to maximize profits for the seller by increasing leverage. That is the real purpose of MBS, CDOs and all the other bizarre-sounding derivatives; higher profits with less capital. It's a scam. Here's how it works US distressed taxpayers will guarantee up to $1.4T in bank debt - The Associated Press: November 22, 2008  Tent city of US taxpayers: they will save the banks, do you want to bet? Citigroup launches ‘Don’t panic’ ad blitz as shares dive - The Independent, 23 November 2008 Citigroup, the embattled financial giant, is taking out advertisements in major US newspapers today in an attempt to shore up customer confidence after a downward spiral in its share price raised doubts about its future (first, they stole the seigniorage from the public, then they use that money to pay for propaganda...the miracles of phoney-money!) [the enemy at home] Banker threatened martial law if bailout not passed - 22 November 2008 Banks will be forced to give borrowers more time - Gráinne Gilmore, The Times, November 22, 2008 Lenders will be forced to wait for up to four months before starting proceedings against struggling homeowners under new rules Financial Collapse, Systemic Crisis? Illusory answers and necessary answers - by Samir Amin, Global Research, November 23, 2008 Paper introducing the World Forum of Alternatives, in Caracas, october 2008 - End the Federal Reserve Bank! National Rally for Sound Money - November 22nd, 2008 CREDIT CARDS WILL BE THE NEXT BIG FINANCIAL BLOWUP - by John Crudele, NYPost, November 20, 2008 It's surprising that CNBC is so clueless, especially now when Washington is openly considering government rescues of auto, insurance, financial companies and anyone else that tells a convincing enough sob story CNBC exposes PPT market manipulation (video) - Nov 18, 2008 Open Market Operations or Open Market Manipulations? Hold still more dollars, economist urges China - From Reuters via Yahoo News, November 22, 2008 "China would suffer from losses if it sells off the dollar, so our strategy should be not to sell, but to slightly increase dollar reserves," the official Xinhua news agency quoted prominent Chinese economist Cheng Siwei as saying (next, with so much useless paper money they can inundate the planet with very funny origami!)  Polish Market Regulator Seeks Probe of Late Share Deal - By Chris Borowski, Reuters, December 21, 2008 Wherever MorganChase goes, market manipulation follows Italy's parliament to consider gold sales - From Dow Jones Newswires via INO.com, November 21, 2008 Previous attempts by European Union governments to use proceeds from central-bank reserve sales to support social goals have met with resistance by the shadow owners of the banking system LaRouche: From Fear To Panic As Derivatives Crash Hits - LPAC, November 21, 2008 11/21/08 - Finance…the American Way - by The Mogambo Guru "Hey! Deficit spending like profligate morons while running around the world taking what we want and killing anybody that gets in our way characterizes The American Way! You are proposing to destroy our native culture, you insensitive, genocidal, racist bastards! I'll sue you all!" HOW TO PROTECT THEIR FUTURE - November 19, 2008 As more and more people recognize that bankers are ruining the planet as a place suitable for human habitation, a central question comes into focus: how can we protect the future, to assure that bankers' children will have a hospitable planet to live on? What habits of thought, rules for behavior (laws), and institutions can we create to make sure the Earth continues to support banking species? 21 Nov 2008 - 4,500 more bankers will be forced to find a honest job: BNY Mellon to reduce workforce by 1,800 Bank of New York Mellon, the world’s largest custodian, is planning to eliminate 1,800 jobs in anticipation of a worsening economic climate, joining a steady stream of financial sector companies cutting staff in the fourth quarter. RBS reorganizes management ahead of cuts The Royal Bank of Scotland's new chief executive of global banking and markets, John Hourican, has made his first reshuffle of senior management as the division prepares for 2,700 job cuts globally Analyst forecast a run on UNICREDIT after Russian criteria were published - 21 Nov 2008 The Russian government risks triggering a run on its small banks, analysts have warned, after the state agency in charge of protecting retail deposits published a set of criteria that outlined which institutions it deemed worth saving General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program - By Russ Dallen, Latin American Herald Tribune, November 21,2008 US taxpayers will be happy to relocate in Brazil to find some job... A Dubai un hotel extralusso su un'isola a forma di palma - IGN, 21 nov. 2008 Tra le attrazioni dell'Atlantis un immenso parco acquatico e un delfinario. All'inaugurazione parata di star, fuochi d'artificio e un concerto di Kylie Minogue. Per una notte in una suite si può arrivare a pagare fino a 18.500 euro Dall'ammazzablogger alla fottiblogger - Beppe Grillo, 21 Novembre 2008 Le aziende chiudono, i risparmi di una vita sono bruciati, tre assassinati sul lavoro al giorno. Mentre ciò avviene, questi irresponsabili discutono dell'ammazzablogger, di Villari e della sorveglianza RAI Citigroup's overambition haunts bank as music stops - By Philip Aldrick, Telegraph, 21 Nov 2008 By 2005, Citigroup's $108bn of revenues eclipsed the economies of countries such as the Czech Republic, Singapore and New Zealand, briefly becoming one of the largest 50 companies in the world. As much as any of the recent crises in the financial markets, the dismantling of Mr Weill's empire signals the end of an era Europe's superbank EIB enters perilous waters - By Ambrose Evans-Pritchard, Telegraph, 20 Nov 2008 The European Investment Bank, the world's largest multilateral lender, has seen its arrears rate surge over recent weeks, prompting concern over its ability to fulfil its new role as the spearhead of Europe's spending blitz Economic crunch spurs ADL layoffs - By ETGAR LEFKOVITS, Jpost.com, Nov 19, 2008 Facing a tight economic crunch, the New York-based Anti Defamation League has laid off nearly 10 percent of its staff at its national headquarters, the organization said Wednesday SPEAKING FREELY: The evil of the US dollar - By Asif Salahuddin, Asian Times, Nov 21, 2008 The net result is that while the other people have to work (producing physical goods or providing tangible services) to earn their paper currency and therefore purchase other goods and services through the use of this currency, the banker needs not engage in any real work Banque Kaupthing: l'ambassadeur luxembourgeois hué - 17 novembre 2008 «Il y a 35 jours que les comptes à vue et d'épargne de 20000 épargnants sont gelés. Nous ne sommes pas des spéculateurs ou des actionnaires mais des épargnants qui ont déposé leurs économies sur un compte d'épargne en bons pères de famille», a indiqué le groupe K, le groupe de défense des épargnants de la banque Kaupthing Belgique, organisateur de la manifestation [banking octopus] Les inculpés "KBC/KB Lux" tout près de leur procès - Roland Planchar, lalibre.be, 10/11/2008 Jean-Marie Barthel, alors au comité de direction de la KB Lux, rejoint donc les quinze premiers, comme ledit parquet le demandait. Il répondra avec quelques "pointures" de faits portant sur une fraude évaluée à au moins 400millions d’euros (le double fut aussi avancé) et qualifiés de faux et usage, de fraude fiscale ainsi que d’association de malfaiteurs. En cause: des prêts de type "back-to-back", des comptes internes et secrets "Nostro/Vostro" et diverses constructions financières sophistiquées, toutes destinées à éluder l’impôt Qui veut tuer Fortis ? - L'investigateur, 20/11/2008 Selon nos informations, les clients sont nombreux à se présenter dans les agences Fortis pour y retirer leurs avoirs, par crainte d’une faillite pure et simple. La somme de 10 milliards d’euros aurait été retirée en un peu plus de 48 heures L'Europe approuve le sauvetage de Dexia... mais toujours pas la vente de Fortis Banque - L'investigateur, 20/11/2008 La Commission européenne a approuvé les garanties accordées par les Etats belge, français et luxembourgeois à Dexia, et par le seul Etat belge à Fortis Banque. Pas encore de décision quant à la vente partielle de Fortis Banque à BN Paribas, «qui fait l'objet d'un examen distinct» Le pretese dei banchieri statisti e la centralità del lavoro - Il Tempo, 21/11/2008 Se il lavoro sposta tutto l'asse del sistema, allora non basta togliere peso al fisco, ci vuole che in questo Paese chi perde il posto di lavoro abbia due terzi del salario e gli strumenti per tornare ad essere protagonista e produttore nella società (e se il lavoro per tutti non c'è, vuol dire che è stato distribuito male) Sacconi: aiuti a chi perde il lavoro - TgFin, 21/11/2008 Sarebbe sensato introdurre un reddito minimo di cittadinanza (basic income), ma il governo non ci "arriva": loro non ne hanno bisogno. Calcolando che il credito da signoraggio ammonta ormai a 1,3 milioni di euro per cittadino, non rimane che sorridere... Giulio Tremonti at Catholic University: Erase the "Derivatives Monster" - LPAC, November 20, 2008 Behind the corner there are more monsters: the credit cards, the expected corporate bankruptcies due to troubled classification of corporate bonds, and then the monster of monsters, the derivative one, where the folly of incalculable risk appears, of non-intentional but collateral effects, definable not ex ante and not manageable without procedures that could evoke in the economic realm, the old wisdom of sabbatical year Switzerland's shock rate cut unnerves markets - By Ambrose Evans-Pritchard, The Telegraph, November 20, 2008 Given that total liabilities of UBS and Credit Suisse are equal to eight times GDP, the central bank must have become deeply alarmed by the plunge in the share price of the two lenders this week. UBS has shed 61pc of its value in six months Crude below $50 ends at multi-year low on demand worries - By Moming Zhou, MarketWatch, Nov. 20, 2008 Natural gas slumps after data show unexpected increase in inventories. Goldman Sachs, the investment bank that earlier this year predicted oil will top $200 a barrel, said it is closing all oil trading recommendations... (un litro di benzina dovrebbe costare 25 centesimi d'euro) Fannie Mae, Freddie Mac suspend foreclosure sales: Restriction is in place from Nov. 26 to Jan. 9 - By Ronald D. Orol, MarketWatch, Nov. 20, 2008 Ask to do the same in your own country ! J.P. Morgan sees Fed cutting funds rate to 0% by end-January - By Laura Mandaro, Marketwatch, Nov. 20, 2008 Corporate Earnings Go Cliff Diving - by The Mogambo Guru, Daily Reckoning, 11/20/08 And now total debt is north of 350% of GDP, the highest ever, and with a federal government putting us on the hook for another accrued $95 trillion or so in promised future benefits for which they will cause the necessary money to be created, then if that is not a Damned Good Reason (DGR) reason to buy gold, then nothing is! Whee! This investing stuff is easy!  Aiuti all'auto, Marchionne se la ride... The Duke [Prof.] on Hazard - By Jon Nadler, Nov 20 2008 Jobs cuts at: Rolls-Royce, Boeing, Isuzu, Mazda, Peugeot, Sanvik, Deutsche Bank, Intevac, Akamai, Sara Lee, and at probably another half dozen firms we missed. The howler of the day came from Somalia, where local drug dealers disguised as pirates suddenly got smarter and instead of demanding silly sums like $10K for ransom on hijacked ships, they have taken a page from Dr. Evil and are now asking $25 million. They think that is a bargain, by the way. Why? "What we want from this ship is only 25 million dollars because we always charge according to the quality of the ship and the value of the product."(!!!) Seriously, they said that. Oh, and note that they want dollars, not euros, yen, rubles, riyals, or pounds. Couldn't they have demanded gold? Really. Growing numbers avoiding or delaying paying tax - David Hencke, guardian.co.uk, November 20, 2008 New report estimates up to 1.5 million working adults had personal or business tax debt in April this year Cgil, Epifani: "Sta arrivando una valanga" - la Repubblica, 20 novembre 2008 "La domanda va sostenuta con sgravi fiscali e una politica di ammortizzatori sociali diversa, perché corriamo il rischio che centinaia di migliaia di persone restino senza tutele" (altro che Brigate Rosse, dopo!) Il Falò delle Banalità - di Eugenio Benetazzo, 20/11/2008 Le emittenti nazionali fanno ormai a gara ad organizzare nei loro palinsesti la tal puntata di turno incentrata sulla crisi finanziaria del 2008, invitando uno stuolo di politici e pseudo giornalisti finanziari improvvisati economisti che fino a qualche mese fa se ne uscivano con sparate del tipo "tanto l'economia europea è sana e la crisi dei mutui più di tanto non cagionerà danno al nostro sistema bancario" In BAE Probe, U.S. Steps In Where Brits Fear to Tread - Sue Reisinger, Corporate Counsel, November 20, 2008 The British government dropped a bribery probe of BAE, but U.S. prosecutors picked it up. In the meantime, BAE's GC cleaned up its act -- enough to fend off an indictment? Susan Hackett, general counsel of the Association of Corporate Counsel in Washington, D.C., sums up the BAE fallout: "General counsel are left to grapple with the inconsistencies of international law." And that's a real concern for in-house counsel at multinational companies. Attorney Richard Grime says he's been hearing the grumbling and frustration from GCs. Chief legal officers "want to comply with the law, but they see their competitors making payments and seemingly skirting their own laws prohibiting bribes and not facing any consequences" Giappone, serial killer in azione contro politici giapponesi: 2 morti e un ferito - Corriere della Sera, 20 novembre 2008 Tutte le vittime sono collegate direttamente all'ambiente politico del ministero della Sanità (che si occupa anche di Welfare), ritenuto da numerosi commentatori (e forse anche dall'assassino) colpevole del pesante dissesto del sistema pensionistico giapponese BRITAIN'S WAY OUT OF CRISIS: STOP PAYING THE E.U. - Global Analysis, 20 November 2008 £230.4 BILLION: UK TAXPAYERS' MONEY POURED DOWN CORRUPT BRUSSELS SINK HOLE. Successive European collective treaties are routinely procured by means of gross bribery: slush fund payments worth $100 million equivalent for each of the 25 EU 'Member States' had been 'bunged' to prime 'facilitators' of the (subsequently unratified) EU 'Constitution' Treaty. The normal procedure is for 50% of the available slush money to be paid to the national 'facilitators' on completion of the Intergovernmental Conference at which these odious anti-nation state EU collective treaties are 'negotiated', and for the second 50% (in that instance, worth a further $2.5 billion in total) to be paid to the corrupt 'facilitators' on ratification. This is the FOURTEENTH YEAR in which the European Union's Court of Auditors has REFUSED TO SIGN OFF on the European Commission's accounts 20-11-2008: Gold Silver ratio: 1 - 84 My guest today is Stephen Pimpare, author of "A People’s History of Poverty in America" (audio mp3) - Matthew Rothschild, The Progressive Radio Show, Nov 2008 Paulson Impeaches himself - By Matthew Rothschild, The Progressive, November 18, 2008 Rothschild offloads 7.5% holding to Rabobank - Financial Times, 20 Nov 2008 The Rothschild family is offloading a 7.5% holding in its investment bank business to Rabobank, as the duo joins forces to advise clients on food and agricultural transactions La justice belge sauve Fortis pour raison d’Etat, mais désigne néanmoins un groupe d’experts sur le prix payé. Les petits actionnaires interjettent appel - L'investigateur, 18/11/2008 L'un des avocats des actionnaires, Mischaël Modrikanem, a annoncé son intention d'interjeter appel dès mercredi contre la décision du tribunal Bob Chapman: The last days of the crooked Comex - gata.org, November 20, 2008 In excerpts from the new issue of his International Forecaster letter, Bob Chapman predicts the fall of the New York Commodities Exchange, as speculators realize that the exchange is rigged in favor of the shorts and profitably used by longs only for removing the little metal available through it. Chapman expects the Comex to be replaced by a commodities exchange in Dubai, which he speculates is OPEC's response to the smashing down of oil in New York - Google Financial Services Executive Summit with Senator Chris Dodd - 19 Nov 2008 With the world economic situation in turmoil, Google is assembling a who's who, including US senator Chris Dodd, for an intensive, one day executive gathering in New York on 19 Nov 2008 24hGold devises trackers for real prices of gold and silver - gata.org, 2008-11-19 Many of us precious metals watchers have been trying to find a way to apprehend the real price of gold and silver, the one us peons need to pay when we want to get our hands on the real thing Obama picks Napolitano as Homeland Security Director (video) - KTVK 3TV , November 20, 2008 Her pragmatic approach to illegal immigration scored her political points nationally. She called for the deployment of the Arizona National Guard on the border with Mexico to stem the flow of illegal immigrants four months before President George W. Bush announced a similar plan. She supports comprehensive immigration reform along the lines pushed by Sen. John McCain before the presidential campaign Statement From G-20 Summit: translated In English - Catherine, Solari, November 19, 2008 The Editor of Expresso in Portugal wanted my take on the recent G-20 communique. Here is my “translation” of the official statement: The net result will be to continue to exercise growing control over the real economy by a handful of private families and institutions designed to protect and grow intergenerational wealth Inside Home Affairs: Heading for recession – and the crime wave that goes with it - By Michael Howie, news.scotsman.com, 19 November 2008 And one leading academic told me: "We are likely to see rates of imprisonment rise as unemployment rises. "Courts tend to favour custodial sentences because unemployment people will have more free time and therefore be more inclined to commit further offences." A rise in white-collar crime is also predicted, as tens of thousands of middle-class workers face redundancy Phase IV of the Global Systemic crisis: Breakdown of the Global Monetary System by summer 2009 - Public announcement GEAB N°29, November 17, 2008 In light of the technocratic jargon and calendar of the declaration released after this first G20-meeting (totally disconnected from the speed and scope of the unfolding crisis), it is more than likely that the disaster will have to happen for the fundamental problems to be seriously addressed and for the beginning of a reply to be initiated  Fed Up With Fed Credit - by The Mogambo Guru, 11/19/08 "I gasp in amazement that the total sum of Fed-supplied credit to the banks, accumulated bit by bit since the Fed was founded in 1913, totals $2.19 trillion, more than half of which was added in the last 9 weeks alone! Hahaha! We are so freaking doomed!" (one may only wonder what is happening in the nEURO area...) Il Gabinetto di Guerra di Londra - MoviSol, 19 novembre 2008 Il 3 ottobre Downing Street ha annunciato la formazione del National Economic Council (NEC), chiamato il "Gabinetto Nazionale di Guerra Economica". La sede del NEC, che è stato quasi in riunione ininterrotta da quando è stato creato, è nella war room del governo, vicino all'ultra-segreto Cobra Committee, che prende tutte le decisioni di sicurezza nazionale. Il NEC, che sostituisce il gabinetto tradizionale, è presieduto da Gordon Brown. Il ministro del Tesoro Alistair Darling è vicepresidente. Gli altri 16 membri sono i ministri e sottosegretari con portafogli legati all'economia e alla finanza. Tra gli altri, il ministro degli Esteri David Miliband, Lord Peter Mandelson (che se ne è andato da Bruxelles) e Lord Paul Myners, il ministro della City, ex funzionario di N.M. Rothschild ed ex presidente del Guardian Media Group che è stato l'architetto del piano di salvataggio bancario Vertice del G-20: prepariamoci ad un collasso da 'si salvi chi può' - MoviSol, 18 novembre 2008 "Dobbiamo capire che l'oligarchia britannica è ferocemente folle. L'Ancien Regime britannico sta affondando, come altre volte nella storia. Guardando da vicino alla farsa di Washington, si vedono chiaramente le implicazioni. Il fatto che il sistema stia affondando è ampiamente riconosciuto, e purtuttavia è stata presa la decisione, la determinazione, di non fare niente per fermare il collasso. Ne consegue l'apparenza che questi governi preferirebbero morire e trascinare con loro miliardi di persone in una morte terribile, piuttosto che cambiare il sistema" (manca l'umiltà dell'adultità, quella di saper riconoscere i propri errori/orrori) [Bankenstein] Battle for Holocaust Assets Roils Israel - By CAM SIMPSON, WSJ, NOVEMBER 12, 2008 "They said, 'We are not really cheating the survivors. It's all within the Jewish community, within Israel. It's not the same as it being held by the Swiss,'" Michael Bazyler, an expert on Holocaust assets from the Chapman University School of Law in California, says Israeli bankers told him in 2006. "That was sort of their excuse. And I'm saying, 'Wait a second. It's not your money.'" Turchia nell’Ue: la Lega frena, Berlusconi va avanti - Il Velino, 12 nov 2008  Abdullah Aymaz (in the middle), the European Director of Zaman, the second in command of the Turkish Fethullah Gülen Movement, secretely guested in Norway for a special summit taking place in November 2007 at the house of K.S. in Oslo G-20: UN’OCCASIONE MANCATA - AgenParl, 19 Novembre 2008 Il 15 novembre a Washington si è persa una grande occasione. Prima della prossima scadenza del 31 marzo 2009 ci saranno 100 giorni di crisi e di vuoto politico che rischiano di trasformare la recessione già in atto in una pericolosissima depressione economica mondiale. Molte speranze sono poste nella svolta che il nuovo presidente Barack Obama vorrà apportare, ma se l’Europa non lo affiancherà con una visione unitaria e coraggiosa, sarà molto difficile fronteggiare le potenti lobby finanziarie The Bailout - ColoradoGold, November 13, 2008 "I heard from a source I consider reliable, that on the 28th of this month, Russia will demand full physical delivery of metals from all their contracts with the COMEX. No more rollovers or dollars. If this happens, the prices will shoot up pretty quickly, and it will maybe be the ruin of the Comex. Who knows? Rumors abound. It may not be true, but I do believe that this period of low prices has about run its course." Azionariato critico su Banca Intesa-San Paolo: in difesa delle nostre città e dei beni comuni dalle mani dei poteri forti, firmiamo la petizione - Meetup di Milano, 19-nov-2008 Japan economists call for 'Obama bonds' - By Kosuke Takahashi, Asia Times, Nov 19, 2008 FYI Derivatives now up to $684 Trillion - BIS, Nov 18, 2008 So Many Things to Correct... So Little Time - Bill Bonner, 321gold, Nov 19, 2008 Citigroup said it was letting 50,000 people go. How much will those people spend this Christmas?Here in London, we went out to a restaurant last night and found it almost empty. "Where are the customers?" we asked the waiter, thinking we were too early. "Oh... it's this financial mess... nobody wants to come out to a restaurant any more." How Much Longer Will We Tolerate These Parasites? - by John Hoefle, Executive Intelligence Review, November 21, 2008 Instead of being given solutions, we are being looted, our economy and our people being sucked dry and thrown into the bottomless pit of a dead financial system, via policies that have no chance of working and, indeed, have failed at every turn. Our so-called leaders have abdicated their responsibilities. If we are to survive, new leaders must emerge, picking up the challenge laid down by Lyndon LaRouche Monetarism Is Dead; Bury It Before It Buries Us - by John Hoefle, Executive Intelligence Review, November 14, 2008 The monstrous policy they are presenting as a "solution" to the financial crisis is a fraud. First, it must be clearly understood that what is being proposed is geopolitical, not financial—under the guise of saving the values of financial assets, they are targetting for destruction the nation-state system itself, intending to take the world back to the days when empires ruled the world, and the people had no governments to protect them. Second, their attempt to "downsize" the global population, is explicitly genocidal. The financiers of the empire plan to wipe out large swaths what they see as "useless eaters" and unwanted competition for global resources. In their view, these resources belong to the empire, not to the nations within whose borders the resources are located. Third, what these rabid imperialists do not understand is that they, by these actions, are triggering a holocaust which they can not control and can not themselves escape. There will be no safe havens when the Four Horsemen of the Apocalypse are fully unleashed, and civilization crumbles into a new Dark Age LaRouche Webcast: Civilization's Last Chance? - From Washington, D.C., November 18, 2008 The Change We Need: From Money to Credit - Executive Intelligence Review, November 14, 2008 Forget your contemporary economists, and most economic professors as well. They don't even know that the American System of economics ever existed. A good start in understanding the "change," is to realize that the hundreds of quadrillions of dollars (or other currencies) are basically worth nothing, and should be treated as such, unless they can be transformed, by government, into credit for necessary useful functions of society. As for new credit, that, as specified by the U.S. Constitution, can only be authorized by Congress, for specific projects, required to improve the general welfare Mentire sapendo di mentire - di Antonio Di Pietro, 19 novembre 2008 E' vero o non è vero che il governo Prodi è caduto quando Mastella si è ritirato, ed è vero o non è vero che con Mastella aveva concordato 10 parlamentari e poi ha ritirato la mano? Se non è corruzione politica, che cos'è? Lo ribadisco in questa sede nella mia funzione di parlamentare dell'opposizione. Se non gli va bene vada lui dai magistrati, altrimenti si tenga quello che gli ho detto: “corruttore, sporco corruttore politico”. Governments can't handle global run on gold coins - By John Crudele, New York Post, November 18, 2008 There's a worldwide run on gold coins. Even as the price of the precious metal itself comes under pressure along with commodities like oil and copper, people around the world are demanding so many of the valuable coins that government mints are having difficulty filling orders Rep. Dennis Kucinich: "Racketeering On A Scale This Country Has Never Seen Before" (video) - CNN, November 14, 2008 Mortgage Cram-Down Legislation Resurfaces - By KELLY CURRAN, housingwire, November 18, 2008 The cram-down debate is back: Sen. Richard Durbin (D-IL) re-introduced hotly-contested legislation Monday that would allow judges to modify the terms of distressed mortgages on primary residences in bankruptcy cases — and this time, sources suggest the legislation faces good odds of passing In pericolo le produzioni di grano per il 2009 - ecoblog, 13 novembre 2008 Ex-N.J. State Sen. Bryant Guilty of Fraud, Bribery - Geoff Mulvihill, The Associated Press, November 19, 2008 Former New Jersey state Sen. Wayne Bryant, convicted Tuesday of bribery and pension fraud, is the latest in a string of 132 state officials found guilty of corruption charges recently WALLSTREET BAILOUT: WHERE'S THE MONEY GOING? - By Lynn Stuter, NewsWithViews.com, November 18, 2008 Parmalat: un eccesso di finanza creativa - Andrea Angelini, Rinascita, 18 Novembre 2008 Il legale ha insistito sul fatto di non aver mai immaginato che anche strumenti finanziari riservati esclusivamente agli operatori specializzati (i titoli derivati denominati “collateral debt obbligations”) potessero finire nelle tasche di tanti privati in maniera così capillare. Con una diffusione imprevedibile e inimmaginabile da chiunque, tranne i soggetti che avevano il potere di negoziarli. Cioè sempre e solo le banche (Modulo Bankenstein) 30 reasons for Great Depression 2 by 2011 - By Paul B. Farrell, MarketWatch, Nov 17, 2008 New-New Deal, bailouts, trillions in debt, antitax mindset spell disaster [insider trading] Suspicions about Plunge Protection Team break onto CNBC - gata.org, 2008-11-19 Cable television network CNBC today could not escape a discussion of the possibility that the U.S. government has been intervening in the stock market to prop it up at crucial moments (insider trading paradise) China Mulls Raising Gold Reserve By 4,000 Tons: Report - From Dow Jones Newswires via FXStreet.com, November 19, 2008 Why not silver? (gold-silver paper market ratio: 1/77 - gold-silver real metal market ratio: 1/44) Why Gold Is Down But You Can't Get Your Hands On Any - By Jim Kingsland, FOX Business, November 17, 2008 Dealers and analysts are calling it an "upside down" market where physical gold, including coins and bars, are in short supply and far more expensive than the price quoted on New York Mercantile Exchange's COMEX division Meet GATA board member Austin Fitts in Estonia - gata.org, November 17, 2008 GATA board member Catherine Austin Fitts, formerly assistant secretary of the U.S. Department of Housing and Urban Development, now managing member of Solari Investment Advisory Services (http://solari.com/), will be speaking on the international economic situation at the Von Krahl Theatre in Tallin, Estonia, on Sunday, November 23, and would be glad to meet GATA sympathizers in the area for lunch the next day Citigroups Survival in Doubt as 50,000 Jobs Cut - By: Captain Hook, The Market Oracle, Nov 17, 2008 11/18/08 - When Inflation Comes a-Knockin' - by The Mogambo Guru "Buy gold, silver and oil as fast as you can, you morons, or die a horrible death by inflation like the people of Zimbabwe!" 11/17/08 - The Governmental Gong Show - by The Mogambo Guru The second objection is that if there is another currency that is NOT corrupted by over-creation - as is the U.S. dollar - I would love to hear about it, but the ugly fact is that all the world's currencies are fiat currencies now, all composed of nothing but paper and electronic promises in some computers somewhere, and all being created in incredible excess even as we speak, which means that all of the world's currencies are racing towards worthlessness Insurers Jump on the Bailout Bandwagon - Zach Lowe, The American Lawyer, November 18, 2008 The federal bailout plan reminds the Am Law Daily of the classic kid's board game Hungry Hungry Hippos, with financial services firms playing the role of the colorful hippos lunging to gobble up their share of government cash. Hartford and three other insurance companies with no history of banking have joined the parade, scrambling to buy small savings-and-loans, which allows the insurers to qualify as banks and become eligible for the bailout billions. Not everyone thinks the maneuver is kosher Benzina in Svizzera sotto un euro al litro - Corriere del Ticino, 18-11-2008 I distributori lariani: rilanciare la carta sconto (loro non devono pagare l'eurotruffa del signoraggio) Fraternity In Danger Of Losing House Launches Harebrained Scheme To Fix Economy - The Onion, November 17, 2008 "The moment we got the bad news, we knew there was only one thing we could do," said Theta president Peter "Cool Pete" Barrow. "Sneak into the Federal Reserve Bank with two cans of Barbasol and a giant fishing net in order to adjust the overnight lending rate while no one is looking." In The Know: Should The Government Stop Dumping Money Into A Giant Hole? (video) - ONN, Nov 18, 2008 With the economy sliding deeper into a recession, panelists discuss whether it's time to stop throwing our money into a massive pit out in the desert Iceland denies it is on EU accession 'fast-track' - DEREK SCALLY, Irishtimetimes.com, November 18, 2008 Iceland not yet ready to enter the private seigniorage EURO-scam Mafia, sequestrati 700 milioni al cassiere del boss Messina Denaro - La Stampa, 18/11/2008 La vicenda giudiziaria Grigoli secondo la Dia di Palermo «conferma l’ipotesi di una infiltrazione mafiosa a carattere strategico nel settore della grande distribuzione alimentare in Sicilia» La Fiamma Tricolore inizia la campagna elettorale per elezioni europee di giugno 2009 - 18 novembre 2009 - Contrasto deciso al dilagante indebitamento delle famiglie attraverso il credito al consumo; - Nazionalizzazione delle Ferrovie, delle Autostrade, della Banca D’Italia e della Compagnia aerea di bandiera; - Nazionalizzazione dell’energia elettrica e della gestione del ciclo integrale dell’acqua Down and out in Beverly Hills: Rolexes, Picassos hit pawnshops - by Michael Janofsky, arabianbusiness.com, 16 November 2008 "I've never seen so many bankers, lawyers, doctors and actors'' with valuable things to pawn, he said. He pointed to an 18-carat white gold bracelet with 69 diamonds ($2900) and an 18-carat yellow gold Rolex Yachtmaster II ("a steal'' at $18500) Crisi banche, Citigroup taglierà fino a 53mila posti di lavoro - ILSOLE24ORE.COM, 17 novembre 2008 Banchieri italiani in fuga dalla City - di Simone Filippetti, ILSOLE24ORE.COM, 16 Novembre 2008 L’affaire Fortis va de scandale en scandale - L'investigateur, 17/11/2008 Ceux qui nous gouvernent gueulent haut et fort que les problèmes bancaires sont principalement liés à la confiance. Mais jusqu'où iront-ils dans le cynisme de leurs propres contradictions? Tout ce qui reste de cet énorme gâchis est de l'écœurement, du dégoût et la honte d'être gouvernés par des gens comme ceux là. Et il est évident que nous ne sommes pas au bout de nos surprises Crash of US carmakers risks three million jobs - James Doran, guardian.co.uk, Sunday November 16 2008 US Store Closings - The Latest Casualty Count - rense.com, 11-16-8 Rockefeller's Ninja Goes Public With Illuminati 'Truth' - By Benjamin Fulford, rense.com, 11-16-8 The first hint to me that something was wrong came when the Japanese government first decided to use tax-payer money to bail out failing financial companies. I found out more than half the bad debts from the bursting of Japan's financial bubble went to Yakuza or Yakuza front companies Gene Arensberg: Gold, silver premiums highest in years - gata.org, November 16, 2008 Brown claims G20 success as world leaders agree tax and interest rate cuts - Times Online, November 16, 2008 The leaders of the world’s 20 leading economies promised to instruct their ministers to seek a new Doha trade deal by the end of the year and to co-ordinate interest rate and tax cuts to soften the severity of the global recession  Una stella a cinque punte nella suggestiva scenografia urbanistica di Washington DC First-class idea for a people’s bank - Joanna Blythman, Sunday Herald, November 16, 2008 THEY JUST STOLE 2 TRILLION DOLLARS - AT LEAST GAS IS $2.17 GALLON - By: SCRIBE, 15 November 2008 Shake-up ahead in world financial structure - The Washington Post, November 15, 2008 The leaders' 11-page statement spoke of broad principles, leaving the details to be worked out by lower-level aides before another summit meeting in April, after Barack Obama assumes the presidency. But the gathering in Washington of the nearly two dozen nations - from every region of the world - reflected the new balance of power emerging in the aftermath of a financial crisis that has devastated even well-run economies, a wrenching process that British Prime Minister Gordon Brown has dubbed "the birth pangs of this new global order." EU denies ACTA document request; democracy undermined? - By NATE ANDERSON, Ars Technica, November 7, 2008 While governments like the US, Canada, and the EU have indicated that ACTA will not introduce new laws, but simply help with commercial-scale counterfeiting and piracy enforcement, observers have been skeptical. Big Content has weighed in with suggestions of everything from ISP filtering to anti-camcording laws, and digital rights groups want a seat at the table if the agreement will in fact be an attempt to sneak legislation into law under the guise of a trade agreement. But trade agreements are negotiated secretly, unlike legislation, which leads the FFII to wonder about the state of European democratic practice German intelligence scrubs European records after Wikileaks exposure - By WIKILEAKS STAFF, November 16, 2008 That thing in Lombardy - Beppe Grillo, November 16, 2008 Two million, or perhaps three million people will lose their jobs within a year (they are already in the process of losing them) To Pay or Not To Pay (My Mortgage): An "Untroubled" Homeowner's Hardship Letter - by Sitafa Harden, 11/16/08 Starting in mid-December, many delinquent borrowers will be eligible to receive loan modifications that will cut their monthly payments down to 38% or less of their income - STOP THE GAME! - 15. Nov. 13.30 Paradeplatz ZH Demonstration / Manifestation, Zurich (CH) - 15 novembre 2008: presentazione della “Libera Pluriversità Di Napoli” Gold at $14,172 an ounce? - by Brian Bloom, Beyond Neanderthal, November 14, 2008 For a period leading up to the late 1970s, the BCA tracked the theoretical price of gold relative to the actual price and found a tight correlation. That's when the world still believed in a gold standard and that's also when the US Fed (and other Central Banks) began to interfere in the gold markets with the objective of deliberately obfuscating/severing this relationship G-20 Calls for Action on Growth, Regulatory Changes - By Michael McKee and Bob Willis, Bloomberg, Nov. 15, 2008 "There was a common understanding that all of us should promote a pro-growth economic policy,'' U.S. President George W. Bush, the meeting's host, said. "The question is, how do we establish a good regulatory structure without destroying the incentive to innovate, without destroying the marketplace.'' [without destroyng the private seigniorage Ponzi scheme...and what about wealth redistribution?] But an action plan also agreed on by leaders gave hedge funds and private equity firms an apparent exemption from tough new controls, saying they "should bring forward proposals for a set of unified best practices" for review by finance ministers Iran says its reserves have been put into gold - By Zahra Hosseinian, Reuters, November 15, 2008 Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July FDIC, U.S. Treasury clash on anti-foreclosure plan - Reuters, 14 Nov 2008 A top U.S. banking regulator unveiled a plan on Friday to prevent about 1.5 million foreclosures, breaking ranks with the Bush regime by demanding bailout funds be diverted from banks to consumers. The Federal Deposit Insurance Corp said the plan would modify millions of delinquent mortgages and the government would reward participating lenders by sharing the cost of defaults on restructured loans 'Barriers' halt progress for women in finance - Matt Turner, Financial News, 14 Nov 2008 The UK now sits below Uganda, Tajikistan and Brunei in the equal pay standings PRIVATIZZAZIONE DELL'ACQUA - Gianfranco Perlato, Casa Pound, 6 novembre 2008 Le multinazionali alla conquista del Mercato dell'acqua pubblica... Sustainable Growth Nothing! The World Needs Wealth Redistribution! - Herman E. Daly, Nov 15, 2008 Daly believes that "financial assets have grown by a large multiple of the real economy" and that 'paper exchanging for paper is now 20 times greater than exchanges of paper for real commodities.' Exploding debt liens have simply outgrown the wealth. The problem, in other words, cannot be bailed out. I.e. : GLOBAL DEFAULT DERIVATI: 60 COMUNI -TRA CUI MODUGNO- A RISCHIO - Iniziativa Meridionale, 15 novembre 2008 Groups to call for new world order during G-20 summit - GMA News, Nov 15, 2008 In a global call signed by 209 international, regional and national networks, the groups demanded “new national, regional, and global financial institutions based on economic democracy and equity, ecological sustainability and environmental justice, gender, racial, ethnic and international justice and equality, and self-determination and sovereignty of peoples and nations.” [just give them monetary sovereignty: it will be enough] Weekly Economic Potpourri - MISH'S Global Economic Trend Analysis, November 14, 2008 Swiss miss - 08-11-12 At the end of 2007, Credit Suisse was levered by more than 40 times; UBS was levered by more than 64 times. A 16% fall in UBS’s assets would wipe out not only all of its equity but 100% of Swiss GDP on top COLD WAR AND INSURGENCY PROPAGANDA BANKNOTES - SGM Herbert A. Friedman (Ret.), June 27, 2008  The "CIA" Forgery of the Cuban 20 Peso Banknote to be used in the terrorist invasion of the Bay of Pigs. Ernesto Che Guevara - as president of the central bank of Cuba - was able to restore monetary sovereignty to the Cuban people. Something JFK tried to emulate later in the US. Both were assassinated. One may wonder if the 4th Psychological Operations Group (Airborne) (4th POG[A]) is the very first victim of the banksters propaganda machine... 11/14/08 - Shielding the World from Financial Folly - by The Mogambo Guru "Apart from the fact that the English philosopher Herbert Spencer said, 'The ultimate result of shielding men from the effects of folly is to fill the world with fools', the joke is actually on me, as these Asian investors actually think that they deserve compensation for their stupidity by using the stupidity of us Americans as a model…"  Condannati in Parlamento maggiorenni - Beppe Grillo, 14 Novembre 2008 (Qualcuno dice che la galera è il sussidio di disoccupazione italiano...) Better Wind Turbines - By Kevin Bullis, Technology Review, November 13, 2008 A more efficient generator could convert more of the wind's energy into electricity (se ci fossimo attrezzati con sistemi a generazione passiva di elettricità, almeno ci saremmo salvati dai black-out da insolvenza...) Shantytowns Spring Up in Major US Cities - Scott Reeves, Minyanville, Nov 14, 2008 Rising unemployment and widespread foreclosures have left many homeless and living in tents and makeshift huts in cities around the nation. It’s a scene not seen since the “Hoovervilles” of the Great Depression Exposing Fraud, Registering Rage - James West, www.MidasLetter.com, Nov 14, 2008 We are not exposing a conspiracy. Far from it, with the overwhelming evidence available as a matter of public record, this film examines the actions of these entities against the light of the U.S. Penal Code, and builds a case for the prosecution of certain institutions and the people behind them under the Racketeer Influenced and Corrupt Organizations Act ("RICO") US hedge fund managers defend industry before Congress - Andrew Clark, guardian.co.uk, November 13 2008 America's top hedge fund managers staunchly defended the conduct of their secretive, high-risk industry today and warned congressional lawmakers that knee-jerk regulation could push financial jobs across the Atlantic to London Maxi truffa nelle banche: Sette in manette - Simona Carnaghi, La Provincia di Varese, 14 novembre 2008 Si trovano ora in carcere a disposizione dell’autorità giudiziaria: con loro c’erano un’altra ottantina di personaggi tra fiancheggiatori, talpe e ausiliari. Tutti dipendenti di banche (persino il vicedirettore di una filiale) e di società finanziarie: grazie a loro, la banda sapeva come muoversi e, soprattutto, dove colpire (in gergo chiamati "cartari", ce ne sono centinaia in giro...) Henry H. Klein: Martyr - Henry Makow, November 9, 2008 Like Robert Edmondson, Klein is another American hero flushed down the memory hole for defying the Rothschild -Rockefeller cartel. There is no Wikipedia entry for this Jew who fought the Masonic bankers all his life as a crusading NYC reporter, editor, author, city official and Mayoral candidate  True Banking: Monthly Magazine on Islamic Banking and Finance - Issue: 032, November - December 2008 Silicon Valley's San Mateo County Sues Lehman utives - Pamela A. MacLean, The National Law Journal, November 14, 2008 California's San Mateo County, in the heart of Silicon Valley, sued utives and accountants for Lehman Brothers Holding Co. for $150 million in losses the county says it suffered after Lehman filed for bankruptcy. The lawsuit, filed Thursday, names individual utives at Lehman, starting with Richard Fuld, chief utive officer, and includes Ernst & Young, the firm's accountants. The suit seeks return of utive bonuses and punitive damages US determined to unlock Switzerland's banking secrets - Andrew Clark, guardian.co.uk, November 14 2008 Prosecutors have accused UBS, the country's biggest bank, of cloak-and-dagger activities. A former UBS staffer, Bradley Birkenfeld, who is cooperating with the authorities, claims he once used a toothpaste tube to smuggle diamonds across an international border for a bank client Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months - Steve Watson, Infowars.net, Nov 13, 2008 Investors warn liquidation of assets and deflation is temporary calm before the storm Targeting Hugo Chavez - by Stephen Lendman, Global Research, November 14, 2008 Mary O'Grady accused Chavez, Ecuador's Correa, Bolivia's Morales, and Nicaragua's Ortega of being "four best friends of terrorists." Citing bogus laptop documents "show(ing) that Mr. Chavez (& Co.) and (the FARC-EP are) not only ideological comrades, but also business partners and political allies in the effort to wrest power from Mr. Uribe." She listed a menu of charges that were bogus on their face, then later exposed and dropped for lack of evidence (Egmont Group anyone?) NO BAILOUT FOR DETROIT - By Jon Christian Ryter, NewsWithViews.com, November 14, 2008 The bailout would give GM over $4.5 million per job saved... (why don't give half that money directly to the workers?) Dark Days Ahead for European Auto Producers - LPAC, November 14, 2008 A serious, additional blow has been delivered to the automobile industry in Europe, with the decision of three large European insurers to withdraw credit insurance to all GM and Ford suppliers Italian Finance Minister Giulio Tremonti states Bankers Who Fail Should Go To Jail - November 14, 2008 It was Dr. Ciampi who introduced `creative financing'. I have nothing to do with that garbage." Italian Agricultural Minister to throw WTO into crisis - LPAC, November 14, 2008 Zaia said that he expected a lot from Tremonti's statement that companies, and not banks, will be helped FED COVERS UP FINANCIAL CRISIS - By Cliff Kincaid, NewsWithViews.com, November 14, 2008 Laffer’s talk about our economic policies “working beautifully” makes him look utterly ridiculous in today’s climate. “The United States economy has never been in better shape,” he declared... Cuomo is seeking data on bonuses at Bank of America - WSJ, 13 Nov 2008 New York state's attorney general, Andrew Cuomo, this week issued a subpoena to Bank of America, asking for details on how it allocates its bonuses, according to a person familiar with the matter Banker Bailout Costs $5 Trillion So Far - Tom Krisher and Ken Thomas, Associated Press, November 13, 2008 According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012 - Paul Joseph Watson, Prison Planet.com, Thursday, November 13, 2008 The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012. “We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs..." UNPRECEDENTED RAPE OF THE AMERICAN PEOPLE UNDERWAY IN DC - By: Devvy Kidd, NewsWithViews.com, November 13, 2008 Rape is an ugly word usually attributed to an attack on a woman. It also means an act of plunder, violent seizure, or abuse; despoliation; violation: the rape of the countryside The Two Trillion Dollar Black Hole - Pam Martens, Counterpunch, November 13, 2008 Until Congress holds serious investigations and hearings, the U.S. taxpayer may be funding little more than Ponzi schemes while companies that provide real products and services, legitimate jobs and contributions to the economy are left to fail Citigroup set for 10,000 lay offs - The Wall Street Journal, 14 Nov 2008 Citigroup is set for another huge round of job cuts and is raising interest rates on millions of credit-card customers as part of its push to return to profitability RBS to axe 3,000 jobs - By Charlotte Bailey, Telegraph, 14 Nov 2008 The Royal Bank of Scotland is to axe around 3,000 jobs, it has been reported. Le Luxembourg n’est plus maître de son destin - L'investigateur, 13/11/2008 Si les banques se cassent la figure, le billet de banque n’aura plus grande valeur non plus (those people may find a job in the emerging market of local currencies...) Pas folle la guêpe... - Alain Crinon, 11 novembre 2008 Imaginons maintenant un monde où les classes moyennes peuvent juste survivre et où les autres sont négligées, un monde où la vie est difficile pour tous et où la pauvreté persiste sur 80% de la terre, dans l'accès à l'eau propre, à la santé, à l'éducation, au logement décent, à l'épanouissement personnel, malgré les traités, déclarations, et droits internationaux reconnus et officiellement ratifiés devant l'ONU par tous les états Banks See Flaws in FDIC Program to Guarantee Debt - By Gabrielle Coppola, Bloomberg, Nov. 13, 2008 Fortis : après les banquiers indélicats, les politiques font tout pour tuer la banque - L'investigateur, 12/11/2008 Leterme, le Premier ministre belge, traité de « menteur » par Nelly Kroes, la commissaire europénne Ask Gordon to call time on global greed via YouTube - World Development Movement [the Al Capone dream] Boehner Demands Fed Identify Recipients of Loans - By Laura Litvan, Bloomberg, Nov. 12, 2008 House Republican leader John Boehner called for the Federal Reserve to disclose the recipients of almost $2 trillion of emergency loans from American taxpayers and the troubled assets the central bank is accepting as collateral FAIL: One Word For Them All - Karl Denninger, Market Ticker, Nov 12, 2008 Let us begin by noting that President-Elect Obama voted for the $700 billion bailout - The "No Banker Left Hungry Act" - while the rest of America literally was losing their jobs and homes USTBond Obelisk & Printing Press - Jim Willie CB, the "Hat Trick Letter", Nov 12, 2008 The USFed and Dept Treasury have fiercely resisted unbridled usage of the printing press, for fear of inflation consequences. Evidence abounds, revealed in the November Hat Trick Letter report, to reveal specifics on draining the mainstream USEconomy for the benefit of corrupt Wall Street bond redemption and general bailouts. Rob the US populace realm in order to subsidize aristocratic fraud and redemption Why GM, Ford and Chrysler are broke - Susoni, 12 November 2008 Building Attacked Over Obama Attempt To Find Bush-Clinton Billions -- Nov. 12, 2008 US Attorney Fitzgerald, these reports say, was one of the ‘key’ figures tapped by Americas Top Generals to assist Obama in gaining the US Presidency and toppling the Bush-Clinton-CIA Empire which during their nearly 30 year reign has brought the United States to the brink of bankruptcy and total ruin 11/12/08 - Debt Clock Runs on Borrowed Time - by The Mogambo Guru The ugly part is that people not borrowing is purely deflationary, because money comes into existence by virtue of somebody going into debt, at interest, to borrow it, meaning that all borrowers owe more than the amount they actually borrowed, and so people not borrowing means that there is now not enough money necessary just to pay the bills and service all the debt! Oops! Default! Munich Musings - By: David Bond, The Wallace Street Journal, 11 November, 2008 Because it's coming, this financial slaughter, and there is something in the European genetic code that senses it – a scent that coddled Yanks of this generation just aren't wired to whiff. Perhaps it is because the verdant fields, the pleasant undulating hills and the polite forests stretching from Rorschach to the Normandie highlands are fertilized with human blood from two world wars commanded by world banksters and their puppet kings and parliaments, whereas in America we have forgotten our own Civil War TREMONTI: SALVAMANAGER NON RETROATTIVA - SE FALLISCONO BANCHIERI A CASA O GALERA - Clandestinoweb, 12/11/2008  TREMONTI AI BANCHIERI, CHI FALLISCE VA A CASA - AGI, 12 novembre 2008 Il ministro lancia poi un avvertimento ai banchieri: "se le banche falliscono i banchieri vanno a casa o vanno in galera". Gli interventi del governo, ha voluto sottolineare Tremonti "si basano sul principio costituzionale della tutela del risparmio e non sono per salvare le banche" (finalmente!) - SEMINARIO “Crisi finanziaria globale: proposte per il G-20” Camera dei Deputati, Palazzo San Macuto, Sala del Refettorio, Via del Seminario 76, Roma, Mercoledì, 12 novembre 2008 ore 9.30–13.00 Carovita, Fiore (forza Nuova): "Noi regaliamo pane al popolo" - Sesto Potere, 12 novembre 2008 Il pane e la pasta hanno raggiunto prezzi elevatissimi, e molti cittadini, anziani in particolare, non sanno letteralmente dove trovare i soldi per mangiare LaRouche: come attuare una riorganizzazione fallimentare del sistema - MoviSol, 12 novembre 2008 Una riorganizzazione fallimentare è l’unica soluzione al crollo economico globale: “Fino a quando si tenterà di far valere, anche a tasso scontato, le pretese monetarie e simili – i titoli in denaro – non sarà possibile salvare il pianeta da nuovi secoli bui”, ha dichiarato LaRouche, riferendosi alla politica di rifinanziamento delle banche e della speculazione promossa attualmente dai governi del G7 LaRouche sulla frode della globalizzazione - MoviSol, 12 novembre 2008 “Impiegheremo soltanto alcune persone, per questa nazione. Gli altri possono anche morire! E imporremo le condizioni di schiavitù, anche se il tasso di mortalità ne sarà accresciuto e la nazione non potrà mantenersi” Bank bail out depends on an accurate view of toxic assets - Author: Mark Dunleavy, Computer Weekly, 12 Nov 2008 The wholesale financial markets froze because the banks realised that each was holding a portfolio of investments that resembled a tangled ball of knittingv La tratta degli schiavi - Antonio Di Pietro, 12 Novembre 2008 Quanto ad alcune indiscrezioni, secondo cui alcuni soci Cai sarebbero anche soci di "banca Leonardo", advisor definito indipendente e scelto per la valutazione degli asset della compagnia di bandiera, la settimana scorsa ho fatto un'interpellanza e non ho ricevuto ancora alcuna risposta dal governo CRISI: "Ciò che deve accadere" (parte III) - di Michele Altomeni, Movimento Radicalsocialista, 11 novembre 2008 Il signoraggio rappresenta un problema economico enorme, ma nessuno sembra volerlo affrontare veramente. Si penserà “poco male, le Banche centrali sono comunque un’istituzione delle Stato, e quindi questi soldi tornano alla collettività”. Questa è un’altra grande illusione... SEC dubious of German bond deal - By Elliot Blair Smith, USA TODAY, 7/3/2006 The lesson is: never trust any government bonds anymore The German Financial Time Bomb - Prologue - by Jeffrey A. Weston This book is about a quest for justice. It directly affects potentially hundreds of thousands of people that are rightfully entitled to payments due on bonds, issued by Germany or entities therein, between the years of 1924-1930.Indirectly it affects millions of additional people that have, at one time or another, held a defaulted bond of any kind The German Financial Time Bomb - Forward - by Alfred Moresi, Graymore LLC The holders of German bonds were abandoned by trusted institutions and governments and left exposed to ruthless debtors, politicians and their trustees. The scandal was fed by political hysteria, false accusations and unsubstantiated stories. These all led to a loss of reason. Amazingly, it would be the start of a massive scandal that would carry on into the 21st century... Battle Of The Bonds: German gold-backed bonds - Jeff Sanford, Canadian Business magazine, July 18-August 14, 2005 The Germans sent out a communication to Interpol and the FBI that any Dawes and Young bonds in circulation had to be among those looted by the Russians, and that if any were found they were to be confiscated and returned to Germany. Weston had 120 in a Bank One in Ohio that were seized by the FBI; he was threatened with indictment by a grand jury for possession of stolen goods. In response, he filed a case against the U.S. attorney's office in New Jersey for return of the bonds. When the charge came to court, the judge called a weeklong break to ask Germany about the list of "good" and "bad" bonds. The reply from the Germans was that it wasn't in its best interest to provide the list — prompting the judge to throw the case out. Recalls Weston: "He said, 'This is nonsense. The Germans just don't want to pay. FBI, give the man his bonds back and don't bother him anymore.'" Ghosts of Weimar return to haunt the City - Conal Walsh, guardian.co.uk, May 8 2005 Conal Walsh on how Germany could be forced to pay up to $8 billion to investors in inter-war gold-backed bonds. Fagan claims that banks acting as issuers or redemption agents for the bonds may also be legally liable. In America, these allegedly include First National, now part of Citigroup. In London, they include Lazards, which issued the Dresden bonds, and, according to Fagan, Hambros SPECULATING ON GERMANY'S PAST: Soldiers of Fortune - By Christoph Pauly and Wolfgang Reuter, Der Spiegel, 11/29/2004 During the 1920s, the cash-strapped German government acquired foreign capital through loans. Germany did not pay all of its loans back though, and the remaining bonds could be worth billions today. Now soldiers of fortune, speculators and lawyers are launching a money-hungry onslaught on Germany's central bank Saudi Arabia Sues Cigarette Importers for $34 Billion - Donna Abu-nasr, The Associated Press, November 12, 2008 Saudi Arabia's Health Ministry has filed a $34 billion lawsuit against importers of cigarettes from international tobacco companies, including U.S. firms, for costs of medical treatment of smoking-related illnesses, the first such action in the Arab world and one of the world's biggest damage claims. The health and economic costs of tobacco-related illnesses in the kingdom total more than $1.3 billion a year, according to the health minister Ferdinand Pecora:An American Hero - By JACKIE CORR, Counterpunch, January 11, 2003 "The first week was enough for TIME Magazine to bring a new expression to the American public. In describing the confessions wrung out of Mitchell and Baker, the magazine coined the word "bankster." Montana Senator Burton Wheeler added that "some of these bankers should at least join Al Capone in prison." But none would. There were few laws governing white-collar crime and only Richard Whitney, president of the New York Stock Exchange, would end up in Sing Sing..." Fox Business News: Gerald Celente Predicts Revolution (video) - 11/10/08 Credit Crisis Tentacles Spread to Every Sector of Finance Market - By: Dr Krassimir Petrov, The Market Oracle, Nov 11, 2008 No amount of interbank lending and liquidity injections will revive most of the markets for various financial instruments. No amount of monetary and fiscal policy can resurrect genuine productive lending in the economy. The tentacles of the Credit Crisis have spread to every sector of the financial markets. The “Real Estate Economy” is dead; the “Financial Economy” is dead; the “Consumer Economy” is dying; and the “Service Economy” is dying. Enter the Depression Economy! Or shall we say, “Enter the Zimbabwe Economy”!? Sweden to take over Carnegie bank amid alleged trading scandal - The Wall Street Journal, 11 Nov 2008 The Swedish government will acquire investment bank Carnegie and sell it off after the country's financial regulator cancelled its banking licence due to alleged illegal trading activities US May Lose Its 'AAA' Rating - CNBC.com, 10 Nov 2008 "The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said Judge Says Four Years In Prison for Former IRS Employee Is Fair - By Mark Anderson, AmericanFreePress.net, November 10, 2008 Sherry Peel Jackson’s sentence affirmed; government indicates new initiative has been launched targeting ‘tax defiers’. The DOJ also emphasized a relatively new program called the National Tax Defier Initiative (NTDI). The initiative—while claiming to provide First Amendment exemption for those who speak out on tax issues—targets those who attack the “foundation” of the income tax. The Internal Revenue Code is exceedingly vague and does not establish an actual tax liability for working Americans, but instead operates on guile and the threat of imprisonment to hoodwink Americans into believing the liability exists without ever finding out for themselves if it does Leterme – Fortis : plus c…, tu meurs ! - L'investigateur, 10/11/2008 Pour Yves Leterme, si le tribunal déclare la vente illégale, "l'Etat retirera son apport financier et ce sera une bonne nouvelle pour le budget". "Si nous n'avions rien fait, la valeur de l'action de Fortis ne vaudrait aujourd'hui plus un centime", a commenté Yves Leterme. Au-delà de cette déclaration à la con qui fait à nouveau vaciller Fortis, Leterme a également fait pression d’une façon inqualifiable sur la Justice belge. Impardonnable et contraire à la séparation des pouvoirs dans une démocratie qui se respecte THE FINAL "RESCUE" THAT BANKRUPTED AMERICA - By Cliff Kincaid, NewsWithViews.com, November 11, 2008 However, the looting of the taxpayers, which was initially $700 billion for Wall Street and has now ballooned to an estimated $1.8 trillion and is not over yet, was not labeled as corruption by our media. Instead, it was called a “rescue” and was demanded by many anchors and reporters. We were told it would stabilize the markets and help ordinary people. It didn’t... La moneta di conto - UNA CITTÀ n. 159, ottobre 2008 L’incredibile vicenda dei mutui subprime, alla cui origine c’è la rescissione di ogni rapporto tra debitore e creditore. Il paradosso di una finanza che non riesce a pensare il suo oggetto, la moneta. La proposta originale e “pacifista” di Keynes, rimasta inascoltata a Bretton Woods. Intervista a Massimo Amato e Luca Fantacci, docenti di Storia economica presso l’Università Bocconi di Milano La versione dei piloti Alitalia - Beppe Grillo, 11 Novembre 2008 Il progetto di CAI è finanziario, secondo Madras, senza conoscenza del trasporto aereo, e riferisce che Rocco Sabelli, amministratore delegato di CAI, accolse i rappresentanti Alitalia con queste parole durante il primo incontro: "Quello di cui abbiamo bisogno è il miglior materiale umano al minor costo" A Piazza Affari non c'è Intesa - Agenzia Radicale, 11 novembre 2008 L'effetto Intesa (-16,8%) ha pesato anche sugli altri titoli bancari del listino milanese: Unicredit, che diffonderà i risultati domani mercoledì mattina, ha perso l'11% (a 1,86); e male sono andati anche il Banco Popolare (-5,43% a 8,7) e la collegata Italease (-4,38% a 3,66), Ubi Banca (-3,68% a 12,03), Mps (-3,77% a 1,45) Credem (-5,76% a 4,54), la Popolare di Milano (-2,31% a 4,6). Il "top manager" Corrado Passera non ha voluto fare alcun commento sulla teorica (?) alienazione della quota detenuta dall'istituto milanese in Banca d'Italia, pari al 42,26%... Borsa: ondata di vendite nel mondo, Europa brucia 207 mld - TicinoNews, 11.11.08 SWFs mark structural shift in world financial order - Kavaljit Singh, The Economic Times, 11 Nov 2008 Secret Plan For IMF World Dictatorship: G-20 Summit In DC On 11-15-8 - By Webster Tarpley, 11-10-8 Under this plan, the IMF would dictate the economic policies of all states. The IMF orthodoxy is austerity, sacrifice, deregulation, privatization, union busting, wage reductions, free trade, the race to the bottom, and prohibitions on advanced technologies. These policies would strangle humanity. Elsewhere, the new Chinese economic measures are the opposite of the bankers' bailouts imposed so far in the wealthier countries. The Chinese will spend $585 billion on infrastructure, transportation, housing, and food production, with special attention to railroads, airports, and roads. If Russia, China, and the developing countries can mount an effective opposition, the world will divide into two blocs - a pro-derivatives, anti-production Malthusian-monetarist bloc, which will tend to fall behind because of its own policies; and, on the other hand, an anti-derivatives, pro-production bloc of nations seeking modern technology, and the full fruits of scientific and economic progress. Persons of good will in all nations are encouraged to mobilize to make sure that their own country joins the right side Asian Stocks Fall as Earnings Outlook Worsens; Confidence Drops - By Patrick Rial and Kyung Bok Cho, Bloomberg, Nov. 11, 2008 American Express Wins Fed Approval to Become Bank - By Ari Levy and Scott Lanman, Bloomberg, Nov. 11, 2008 AMERICAN EXPRESS GETS PASS FOR "FREE MONEY FESTIVAL," gaining access to government funds as credit-card defaults climb with economies slowing around the world. The loser - as ever - is the taxpayer A Quiet Windfall for US Banks - by: Amit R. Paley, The Washington Post, 10 November 2008 With attention on bailout debate, Treasury made change to tax policy Diciassette conti segreti di Marcegaglia nel mirino del Fisco - Affari Italiani, 11.11.2008 Il pubblico Ministero della Confederazione elvetica, attraverso una lettera spedita la scorsa settimana all'ufficio del procuratore aggiunto di Milano, Francesco Greco, riapre il caso sui conti esteri della famiglia Marcegaglia  2nd Circuit: Plaintiffs in Credit Card Antitrust Case Cannot Be Compelled to Arbitrate - Mark Hamblett, New York Law Journal, November 11, 2008 Plaintiffs who claim a conspiracy by American Express to cover up an antitrust plot with other major credit card companies on foreign currency transactions won a victory as a federal appeals court said they cannot be compelled to arbitrate Mutui: illegali i contratti "alla francese"? - di Nicola Borzi, ilSole24Ore, 8 novembre 2008 I risparmiatori hanno ottenuto l'annullamento parziale dei contratti di mutuo per violazione della buona fede nella conclusione ed esecuzione dei contratti e per difformità tra tasso contrattuale (indicato agli atti) e quello effettivo di ammortamento. I piani di ammortamento sono stati ricalcolati al tasso legale di volta in volta in vigore, con l'eliminazione dell'anatocismo, determinando una quota interessi inferiore a quella pagata Stunned Icelanders Struggle After Economy’s Fall - By SARAH LYALL, NYTimes, November 8, 2008 A 2007 United Nations report measuring life expectancy, real per-capita income and educational levels identified Iceland as the world’s best country in which to live. In a recent survey, one-third of Icelanders said they would consider emigrating. Foreigners are already abandoning Iceland 70,000 More US Banking Jobs To Go - by Graeme Wearden. Guardian, November 10 2008 Financial sector is expected to lose yet more people as the crisis deepens (Let all of them become whistleblowers...) Banks defy Brown over new interest rate cut - Robert Watts and Iain Dey, The Sunday Times, November 9, 2008 High Street banks have told Alistair Darling they will not pass on any further interest rate cuts to consumers and businesses. The banks have warned the chancellor they are “not charities”. They said they could not afford further to reduce mortgage payments and interest rates to businesses if, as expected, the Bank of England continued to cut rates as the economy fell deeper into recession... (they cannot afford to counterfeit money for the benefit of the outsiders..) "Pakistan's Capital Crisis: Implications for U.S. Policy" (pdf), Congressional Research Service, November 7, 2008 "Pakistan -- a key U.S. ally in global efforts to combat Islamist militancy -- is in urgent need of an estimated $4 billion in capital to avoid defaulting on its sovereign debt..." Deutsche Bank: GM Is Worth Nothing - wsj.com, 2008-11-10 "Deutsche Bank said publicly today what many detractors of General Motors Inc. have been thinking for some time — the company is worthless." (Lets pull the plug on the financial bailout and see who goes under first GM or Deustche bank?? lets just do it and see) 11/10/08 - Wounded Wolves on the Financial Prairie - by The Mogambo Guru "I assume that bond buyers are all drug addicts who are not aware of what they are doing, morons who are not aware of what they are doing, or grubby slicksters who are buying them on behalf of drug addicts and morons! Hahaha!" Just how stupid do you have to be to lock up your money for two years in order to get $1.08 per hundred dollars, while you lost $4.20 per hundred in buying power? Sam Mathid in his essay at 321Gold.com says it best when he notes that "Nowhere is there reference to prior criminality and stupidity on such a grand scale. There is no historical precedent." AIG: Please, Sir, Can I Have Some More? - By Bernhard Warner and Matthew Yeomans, Slate, November 10, 2008 A new bailout for AIG? That's the word this morning from the Wall Street Journal, which reports that the Treasury Department will rip up the original $123 billion bailout supposed to save the troubled insurer in favor of a $150 billion lifeline Harvard Psychiatrists Hide Millions of Dollars Received from Drug Companies - David Gutierrez, November 07, 2008 A congressional investigation has revealed that a group of half-brained Harvard psychiatrists, instrumental in pushing the diagnosis of bipolar disorder in children and its off-label treatment with antipsychotics, concealed from university officials the millions of dollars they earned in consulting fees for the companies that make those drugs [global default] Recession reports - Ship orders plunge by 90% in October - November 10, 2008 According to Lloyd's Registers Group, global ship orders tumbled 90%in October 2008 as the credit crunch damped world trade and made it harder for shipping lines to borrow money Comune di Modugno: mutui swap e centrale termoelettrica. Un intreccio inconfessabile? - 10 novembre 2008 Nei giorni scorsi i rappresentanti nazionali e locali dell'ANCI (Associazione Nazionale Comuni Italiani), hanno lanciato l'allarme: sono almeno sessanta i comuni pugliesi che "rischiano il tracollo per operazioni finanziarie che interessano la copertura di mutui a tasso variabile" poste in essere con le banche nell'ambito della sottoscrizione di prodotti finanziari denominati swap (e se pensano di salvarsi con le tangenti del nucleare, sarà dura...) [fuggi-fuggi con la cassa] Commercial banking head quits Barclays - Financial Times, 10 Nov 2008 Chris Grigg, the head of commercial banking at Barclays, is unexpectedly leaving the UK's third-biggest lender 'to pursue other interests' Fed Defies Transparency Aim in Refusal to Identify Bank Loans - By Mark Pittman, Bob Ivry, and Alison Fitzgerald, Bloomberg News, November 10, 2008 Fed's bank loans look like secret patronage. The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral (occorre commissariare le banche centrali prima che diventi ormai inutile) Jean Luc Gréau denuncia la falsa “Nuova Bretton Woods” della City di Londra - MoviSol, 9 novembre 2008 L’economista francese Jean-Luc Gréau, intervistato il 30 ottobre sul Nouvel Observateur, ha fornito una chiara distinzione tra la falsa “nuova Bretton Woods” di Gordon Brown, “l’avvocato dichiarato della City”, e la vera “nuova Bretton Woods”, concepita in difesa del Bene Comune "COSI' LA MALEDETTA UNIONE EUROPEA MI HA LASCIATO SUL LASTRICO" - giancarloscotuzzi.org, 7 Novembre 2008 Quello del trattore, quando ha visto nello specchietto il Tir avvicinarsi a velocità folle, ha sterzato in un campo, ribaltandosi senza gravi danni. Ma la frenata ha fatto scivolare la montagna di billette sulla cabina. Il mio amico è morto maciullato. La moglie lo ha riconosciuto da una scarpa. «Gliele avevo comprate l’altr’ieri al mercato», ha detto. Il resto di suo marito era brandelli e poltiglia, «Marta, meglio che non vai a vedere», gli ha detto un pompiere che la conosceva [seigneuriage] Non, ce n'est pas "trop cher" : le financement des besoins collectifs est rendu sciemment ruineux par un sabordage monétaire étonnant - Par Étienne, 1 mai 2007 Pourquoi les économistes classiques, néoclassiques, orthodoxes, monétaristes, nient-ils l’argent ? Parce qu’ils nient le pouvoir de l’émetteur, le pouvoir du seigneur, le seigneuriage, ils nient la politique, gravée sur le denier par l’effigie de César, et au-delà, [ils nient] tout ce que l’argent contient de « sociétal » (…) Experts Call Treasury Department's Conflict Rules Unprecedented - Zach Lowe, The American Lawyer, November 10, 2008 The Am Law Daily asked prominent legal ethics experts to determine just how strict the Treasury Department's client conflict rules are for the law firms lucky enough to win its multimillion-dollar bailout contracts. The answer? Very, very strict. Said one: "They are putting the fear of God into these law firms." Bernard Maris: La divisione della torta e la congiura del silenzio - 29 Gennaio, 2008 Bernard Maris, economista francese e membro del comitato scientifico di ATTAC, è una delle figure intellettuali di cui oggi maggiormente si avverte la mancanza: l'economista anticonformista che ha deciso di gridare che il re è nudo, denunciando la pacchianeria intellettuale e il servilismo politico dei guru dell'economia. Le sue caricature di figure chiave del dibattito economico d'oltralpe, da Michael Camdessus (già direttore del FMI), ad Alain Minc (già socio di Carlo De Benedetti e ora nell'entourage di Sarkozy), a Jean-Claude Trichet (governatore della BCE), sono quanto mai godibili ed una boccata di aria fresca nell'aria stantia del pensiero unico contemporaneo. Almeno tre dei suoi libri sono disponibili anche in Italia, e con una rapida ricerca su google potete avere tutti i ragguagli Obama : quelle politique économique pour les E.U. ? La situation économique de la France (audio) - par Bernard Maris et Dominique Seux, 7 novembre 2008 Crise financière : Entretient avec Bernard Maris (video) - 28 Janvier 2008 L'interview intégrale de Bernard Maris (oncle Bernard) à propos du crach boursier et de la crise financière mondiale sur Six35 pour le PoliTIC'Show Foreclosure Phil: Who's to blame for the biggest financial catastrophe of our time? - by David Corn, Mother Jones, July-August 2008 Wall Street's biggest players (which, thanks to Gramm's earlier banking deregulation efforts, now incorporated everything from your checking account to your pension fund) ran a secret casino. "Tens of trillions of dollars of transactions were done in the dark," says University of San Diego law professor Frank Partnoy, an expert on financial markets and derivatives. "No one had a picture of where the risks were flowing." Betting on the risk of any given transaction became more important—and more lucrative—than the transactions themselves, Partnoy notes: "So there was more betting on the riskiest subprime mortgages than there were actual mortgages." Banks and hedge funds, notes Michael Greenberger, who directed the cftc's division of trading and markets in the late 1990s, "were betting the subprimes would pay off and they would not need the capital to support their bets." [freedom fighters build-up] Gli zoccoli dei bisonti - Beppe Grillo, 9 Novembre 2008 Appoggio l'orecchio al terreno e sento un rumore. Sempre più vicino. Un brontolio, una carica, un tuono. Sono milioni di nuovi disoccupati. Quanti saranno in più tra un anno? Due milioni? Tre milioni? Senza più niente da perdere. I manganelli non potranno fermarli. Travolgeranno tutto e tutti e non faranno sconti. Chi si troverà sul loro percorso verrà cancellato. Sindacati collusi, giornalisti servi, partiti autoreferenziali. Il loft di Topo Gigio e le ville sarde dello psiconano. Travolti. L'Onda degli studenti li ha anticipati. Dopo l'Onda verrà lo Tsunami del lavoro Why not Islamic banking for India too? - G Sampath, DNA India, November 09, 2008 "I get many calls from banks offering loans, but I refuse them because Islam prohibits the charging or paying of interest," says Ayaz Barudgar, 38, a businessman from Santa Cruz. Barudgar takes 'loans' by mortgaging gold ornaments with an Islamic co-operative society which extends credit without charging interest (ti immagini se lo sapessero qui in Italia che senza usura è possibile far banca? Diventerebbero tutti islamici al volo) China plans $586 billion economic stimulus - By David Barboza, IHT, November 9, 2008 They don't have surrendered monetary sovereignty so they can afford to spend the state money without the need of borrowing from private bankers or taxing the citizen...it is a real stimulus here going in the real economy Man Files Pro Se For Injunction To Stop The Bailout, Tells Federal Court Injunction or Rebellion - World Prout Assembly, November 8, 2008 The Bailout is immoral and unethical. My money, your money and everybody's money in the lower & middleclass will go to capitalize individuals and institutions that are corrupt and criminal. The bailout is akin to giving the mafia money because they lost on their betting operations. The bailout violates the Thirteenth Amendment. People in the lower & middleclass will be put into Involuntary Servitude... President-Elect Obama Meets with Economic Advisers, Calls for “Swift Action” on the Economy - change.gov, November 7, 2008 "Immediately after I become president I will confront this economic crisis head-on by taking all necessary steps to ease the credit crisis, help hardworking families, and restore growth and prosperity," President-Elect Obama said. Il faut faire "raquer" les paradis fiscaux. Définitivement - vendredi 7 novembre 2008 Richard Malka, l'avocat de Clearstream, a signalé au conseil de Denis Robert, en fin d'audience, que "puisque Robert refuse la négociation avec Clearstream, ils allaient le faire "Raquer"... Too Lazy to Work and Too Nervous to Steal - Bob Moriarty, 321gold, Nov 10, 2008 I think the Democrats will do it. The last act of those in power in a collapsing empire is to loot the treasury. What better way than to steal the last savings of the middle class? I see a total collapse of the US dollar on the horizon. If the government is dumb enough to try stealing the retirement accounts of the middle class, it may well create a revolution Berkshire Hathaway Profit Falls 77% on Investments, Insurance - By Erik Holm and Linda Shen, Bloomberg, Nov. 8, 2008 Buffett, 78, is finding opportunity amid the turmoil, investing in nuclear power, chewing gum and Wall Street as results slump at Berkshire's insurance units and businesses tied to housing. He committed at least $28 billion this year to acquire companies, finance buyouts and purchase securities as prices fall and competitors are hobbled by limited access to credit (so if you don't want nuclear plants in your country you know who to blame) US jobs market in 'full recession mode' - By James Quinn, Wall Street Correspondent, 07 Nov 2008 The US labour market is in “full recession mode” after 240,000 jobs were lost in October, taking the unemployment rate to its highest level in 14 years (and the statistics are also faked, mind you!)  [Brutish harakiri] Corporate insolvency rises sharply - Gráinne Gilmore, The Times, November 8, 2008 More than 4,000 companies went under in the three months to September 30 in England and Wales, 26 per cent more than in the same period last year, figures from the Insolvency Service show. This is the biggest increase since the final quarter of 1990. Another 1,007 businesses went into administration, up 50 per cent from the same period last year. Almost double the number of real estate companies went into administration, while the increase for hotels, bars and restaurants was 86 per cent UTILITIES PUTTING NEW ENERGY INTO GEOTHERMAL SOURCES - Los Angeles Times, November 3, 2008 Rachel's introduction: "Geothermal energy may be the most prolific renewable fuel source that most people have never heard of. Although the supply is virtually limitless, the massive upfront costs required to extract it have long rendered geothermal a novelty. But that's changing fast as this old-line industry buzzes with activity after decades of stagnation." EU indicates platform for global finance summit - EURODAD, 07 November 2008 Civil society organisations will not be satisfied with the proposals coming from European leaders. They are preparing public actions next weekend, writing statements and engaging their governments to demand more dramatic and inclusive reform proposals Wilma Goich: “Finii in mano agli usurai per aiutare mia figlia” - Alcatraz LiberiTutti, 8 Novembre 2008 Ricorda la cantante: «Avevo fatto un conteggio basato su quanto mi avevano chiesto, avrei dovuto restituire in tre anni e mezzo ben 200 mila euro a fronte di due prestiti per un totale di 30 mila» (chissà dove li avevano presi i soldi gli usurai? Indovina?) Australia: Repossession revenge (video below) - A current affair, Channel 9, November 4, 2008  Repossession Revenge John Wilson, one man who was evicted from his home by the banks is taking his own revenge by moving back into it. He has a web site where he speak loud about Australian banks and judges corruption: http://www.rightsandwrong.com.au Ti immagini, in Italia, un pugno di ufficiali giudiziari contro 57 milioni di abitanti? 2008 The Black Hole Gets Bigger: AIG Back for Yet Another Bailout - nakedcapitalism.com, 2008-11-08 The "interests of taxpayers are protected" now looks like a complete joke. The original loan was ALREADY secured by ALL of AIG's assets. Everything that could be hocked WAS ALREADY hocked. And the government has a 79.9% equity interest. So what is this talk of a debt for equity swap? Che accadrà dopo il 17 novembre? - MoviSol, 4 novembre 2008 Solo una procedura fallimentare che rimuova dal sistema centinaia di quadriliardi di derivati finanziari può risolvere il problema." "L'unica soluzione è chiudere il mercato dei derivati una volta per tutte, e annullare tutte le transazioni. Il fatto che gli speculatori temano questa soluzione più del diavolo è ovvio, ma ciò non dovrebbe impedire ai governi di mettere proprio questa procedura fallimentare all'ordine del giorno per il 15 novembre" Più crisi meno Internet - Daniele Martinelli, 8 Novembre 2008 Mentre si moltiplicano i presìdi dei lavoratori presto disoccupati all’esterno delle aziende, secondo Unioncamere sono già 50 mila i posti di lavoro che salterenno in Lombardia entro la prossima primavera. Tutti i settori aziendali sono colpiti: si va dal meccanotessile alla produzione di elettrodomestici, dal cotoniero alla componentistica auto, dalle aziende metallurgiche a quelle dell´elettrico ed elettronico. Futuro nero anche per gli impiegati nel settore della gomma, plastica e cartario, oltre che il tessile A SETTANT’ANNI FINALMENTE TROVA LAVORO... LE OFFRONO UNA SUPPLENZA CHIESTA TRENTACINQUE ANNI PRIMA - AgenParl, 7 Novembre 2008 Bastava solo un po' di pazienza... Berlusconi: aiuti alle famiglie sì, ma con calma - Corriere Canadese, 8, Novembre, 2008 «Prende in giro le famiglie», dice l’ex ministro Pd, Cesare Damiano riferendosi a quanto affermato da Berlusconi sulle misure pro-famiglie. «Questo - aggiunge - dimostra come il governo sia molto attento ai problemi dei soggetti forti ma non a quello dei lavoratori, dei pensionati e dei piccoli imprenditori, che pagheranno in modo salato i costi della crisi» [global default] Aiuti di Stato, 5 banche in prima fila - FRANCESCO MANACORDA, La Stampa, 8/11/2008 INTESA-SANPAOLO, UNICREDIT, MPS, BANCO POPOLARE E BPM. Anche Mediobanca e Ubi potrebbero usare il sostegno da 15-20 miliardi complessivi (lo stato, tra banche e cittadini, ha fatto la sua scelta...) [global default] Prestiti, famiglie e Pmi alle corde - Il Denaro, 08-11-2008 Sono "sensibilmente aumentate", nei primi nove mesi del 2008, le esposizioni delle banche verso clienti in temporanea difficoltà. In affanno risultano sia famiglie che imprese, specie quelle dei servizi. Lo afferma la nota redatta dalla sede di Napoli della Banca d'Italia Corteo notturno anti-Gelmini, incatenata sede Unicredit - la Repubblica, 08.11.2008 Duemila studenti ieri hanno di nuovo manifestato contro i tagli all´università al grido di: «Noi la crisi non la paghiamo». Con lanci di vernice e striscioni appesi davanti al negozio dell´Alma Mater in via Petroni e alle banche, definiti «obiettivi sensibili». Sino al blitz alla sede centrale di Unicredit, a palazzo Magnani, quando una decina di ragazzi, dal volto coperto, hanno prima impedito la visuale ai fotografi con gli striscioni, poi hanno incatenato le maniglie dell´ingresso centrale dell´istituto di credito e imbrattato di vernice bianca e rossa il portone e le colonne a fianco. Infine, le impronte delle mani sulla vernice fresca e la scritta: «Giù le mani dal nostro futuro» (si sta prendendo rapidamente coscienza dell'incantesimo "rendita monetaria privata=>debito pubblico") Regulators shut banks in Texas, California - By Marcy Gordon, AP Business Writer, November 8, 2008 Regulators shut Franklin Bank in Texas, Security Pacific Bank in Calif.; 19 failures this year News agency sues Fed for look at collateral for loans to banks - By Mark Pittman, Bloomberg, November 7, 2008 Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks Zero-interest world may lie ahead - By Simon Kennedy and Craig Torres, Bloomberg, November 7, 2008 The age of free money may be at hand China May Launch Economic Stimulus Package - Reuters, November 7, 2008 To shield China from the heavy blow of the global crisis, Beijing has launched a series of measures, including three interest rate cuts in six weeks, increased export tax rebates, and more incentives for home buyers. China might spend 5 trillion yuan ($732.5 billion) on roads, waterways, and ports in the next three to five years, 2 trillion yuan more than its original budget (they can do as they please because they nationalized money and credit) Western 'Interest' in Islam's Banking - Akram Belkaïd, Le Monde diplomatique, 2008-11-07 Suggesting Wall Street could learn from Islamic finance might surprise, or even irritate, some people. But the fact that this form of finance prohibits interest charges - and resists the kind of disaster currently underway in Western finance markets - has drawn a lot of ‘interest’ in Europe, says Akram Belkaïd The first barons of banking - Rupert Wright, The National, November 06. 2008 When Baron Rothschild began his career, he joined his father's firm in Paris. In 1982 President Francois Mitterrand nationalised all the banks, leaving him without a bank. With just US$1 million (Dh3.67m) in capital, and five employees, he built up the business, before merging the French operations with the rest of the family's business in the 1990s (Mitterand's action was not enough, we must engineer something better today) Nobleman: Baron David de Rothschild, the head of the Rothschild bank. The Rothschilds are loan sharking the British government since financing Wellington's army to fight the French in 1815 - "LE BANCHE E LA CRISI DEI MERCATI", Banca Popolare di Milano, Sala delle Colonne, via San Paolo, 12, Milano, 7 novembre 2008 [global default] Interest rate latest: Bank bosses FINALLY cave in and agree to pass on 1.5% cut to Britain's homeowners - By Paul Waugh, Johnathan Prynn and Niall Firth, Daily Mail, 07th November 2008 Chancellor Alistair Darling had read the riot act to bank bosses this morning over their failure to respond swiftly to help hard-pressed homeowners. Both nationalised banks Northern Rock and Bradford and Bingley also announced they will pass on the rate cut this afternoon  Spain attempts to stimulate market with mortgage holidays for jobless - Graham Keeley, The Times, November 4, 2008 Jobless workers and pensioners with families to support will be allowed to delay half their mortgage payments for up to two years under a government proposal. José Luis RodrÍguez Zapatero, the Prime Minister, said the moratorium could apply to up to 500,000 families. “The Government’s priority is assisting those in most difficulty,” he said THE BANKRUPTCY OF THE NATION AND CONSERVATISM - By Cliff Kincaid, NewsWithViews.com, November 6, 2008 We do know that the powerful pro-China investment banking firm of Goldman Sachs, which backed Obama and the Democratic Party, has its fingerprints all over this debacle. Not surprisingly, the firm now benefits (so far to the tune of $10 billion) from the “rescue” package forced through Congress by its former chairman, Henry Paulson, and even got $5 billion from Obama booster Warren Buffett. The secretive financial hedge funds, such as those run by John A. Paulson and George Soros, who made $3.7 billion and $2.9 billion in 2007 respectively, also deserve serious scrutiny Just 3 ‘superbanks’ now dominate industry - By Eve Tahmincioglu, msnbc.com, Nov. 6, 2008 Sudden consolidation raises questions about regulation, consumer impact J.P. Morgan Loving Their Market Manipulation Handiwork - By: Rob Kirby, The Market Oracle, Nov 07, 2008 Financial Meltdown Worse to Come, More Bailouts Needed! - By: David_Vaughn, The Market Oracle, Nov 07, 2008 Washington is now pumping billions of dollars into institutions that have clearly failed. These collapsing institutions haven't invested in America . If these banking, insurance and brokerage companies were adding so much value to our economy then where are the jobs? Where is the new industry? Where are the new factories? Successful investment is that which brings real growth to an economy. Not just an inflated stock portfolio whose value can disappear over night GMAC Leaves Individuals Holding Car Lender's Junk - By Ari Levy and David Mildenberg, Bloomberg, Nov. 7, 2008 GMAC, the largest lender to car dealers of General Motors Corp., issued more than $25 billion of debt called SmartNotes over the past decade to retail investors. While GMAC has paid off the debts as they matured, five straight unprofitable quarters raised doubt about GMAC's survival, and SmartNotes due in July 2020 have lost about three-quarters of their value [global default] Study of Great Depression Shows Intervention Postpones Foreclosures, But Causes Mortgage Rates to Spike - By William Patalon III, Money Morning, November 6th, 2008 Sardegna: così l'isola perfetta finisce all'asta - di Giampaolo Visetti, La Repubblica, 06/11/2008 Settemila aziende agricole sono all' asta,180 mila contadini pagano i mutui solo grazie ai contributi Ue e sono schiacciati da 800 milioni di euro di debiti. Belano in compenso quasi 4 milioni di ovini: 300 mila quintali di pecorino romano prodotto per il sempre più precario mercato Usa. Il cortocircuito, economico e sociale, tocca qui il suo apice storico Banquiers : ils mentent comme ils respirent, même et surtout quand ils sont à bout de souffle - L'Investigateur, 06/11/2008 Des e-mails échangés entre les plus hauts dirigeants du groupe Fortis et d'autres pièces prouvent que le bancassureur a trompé les marchés à plusieurs reprises l'an dernier [global default] NO MORE MORTGAGE PAYMENTS SOON - Get Ready to Default! - The Mortgage Lender Implode-O-Meter, November 4th, 2008 The program will have the unintended consequences of encouraging Prime borrowers to default. What about the person with a lot of equity who can’t get a cash-out refinance due to lack of financing? Instead of selling at what he perceives to be a low, he can default and get a government loan Alitalia: interpellanza urgente - Antonio Di Pietro, 6 Novembre 2008 E' stato trovato un escamotage inaccettabile sul piano del diritto al lavoro. Inizialmente si volevano ridurre gli stipendi dei lavoratori Alitalia, poi nonostante ciò si è trovata una soluzione diversa e si dice: «Se vuoi lo stesso stipendio, fai il doppio delle ore». In altre parole, è stato creato un modo surrettizio per dire che non si toglie una parte di stipendio - anche se poi un po' lo si toglie in effetti - ma quella parte di stipendio in più, che non doveva essere tolta, viene di fatto tolta, perché a fronte di una riduzione di ferie, di permessi si richiede un aumento di impegno lavorativo (invece di redistribuire il lavoro e la ricchezza...) Il Piemonte chiude i battenti - Beppe Grillo, 6 Novembre 2008 Un’impresa piemontese su quattro sta fallendo. Tremila i prossimi licenziati, quarantamila i cassintegrati L’Olivetti perde lo stabilimento di Agliè, 250 dipendenti. Motorola lascia a casa dall’oggi al domani 370 tecnici. Dayco, 470 operai in mobilità. Bertone, 1.200 lavoratori in cassa integrazione. 700 operai della Pininfarina (700 milioni di euro di debiti) a rischio. La Fiat sbarra i cancelli di Mirafiori fino al 16 novembre, 3.500 operai in cassa integrazione. Le aziende chiudono e si aprono i buchi nelle montagne con altri buchi di bilancio Criminalità minorile: emergenza senza fine - City, 7 novembre 2008 E’ in coma ma risponde bene alle cure, la ragazza ferita l’altra sera da due baby scippatori. Il bollettino quotidiano della criminalità ieri ha fatto registrare anche il ferimento di un giovane. Pasquale Cirillo, 29 anni, è stato accoltellato da due rapinatori appena uscito da una banca The Economy Collapses: Depository Trust & Clearing Corporation (DTCC) Obfuscates Seriousness of Crisis - by Andrew Hughes, Global Research, November 6, 2008 It's no surprise that the DTCC does not want to explore beyond the Mortgage angle. Everyone knows about the Mortgage crisis, but this was only the precipitating event - itself precipitated by a very ill basic economic base - that knocked over the first domino. The rest have already begun to fall and we see the tide coming in closer every day. This is no time for obfuscation and patronising; we need to know the Real Facts The GM genocide: Thousands of Indian farmers are committing suicide after using genetically modified crops - by Andrew Malone, Daily Mail, 2008-11-03 When Prince Charles claimed thousands of Indian farmers were killing themselves after using GM crops, he was branded a scaremonger. In fact, as this chilling dispatch reveals, it's even WORSE than he feared TOMORROW'S BIG NUMBER: 1 MILLION JOBS LOST THIS YEAR - New York Post, November 6, 2008 The Incredible Growing Government - by The Mogambo Guru, 11/06/08 The damned Supreme Court let the damned Congress create the damned Federal Reserve, which mightily multiplied dollars and credit so that somebody could borrow the money to buy all those new bonds, so that the government could then spend the new money, which is the Fed's way of saying to Congress, "Thanks for giving us the power to create as much money as we want!" which is equivalent to Groundskeeper Willie's political platform when running for office on The Simpsons, which he summarizes by saying, "The first thing I'm going to do is to kill you all and burn your town to ashes!" Bank of England cuts interest rate by 1.5 points to 54-year low - Gary Duncan, Economics Editor, Grainne Gilmore, Times Online, November 6, 2008 The drastic step, which reduced borrowing costs to a level not seen since May 1954, came as fears of a prolonged slump in Britain have multiplied after a deluge of dire economic data. At the same time, the European Central Bank cut borrowing costs by half a point to 3.25 per cent Holiday outlook turns grimmer after dismal October - By Anne D'Innocenzio, AP, November 6, 2008 Retailers suffered through the weakest October in at least 39 years, despite frenzied price cutting as they desperately try to pull in consumers who are too worried about their finances to shop IRS - TIME TO COME CLEAN - a "PRIVATE COLLECTION AGENCY"! - Posted By: CAFR1, 5 November 2008 Il braccio italiano del raket monetario è invece gestito da EQUITALIA SpA Per una indagine storica, vedi anche "fratelli Salvo mafia" Islamic Banking – a golden opportunity for European banks - By Guest Contributor Nurul Islam, DinarStandard, November 3, 2008 In Italia non esiste nemmeno uno sportello di una banca islamica perché, potendo scegliere, il sistema occidentale basato sull'usura verrebbe immediatamente scartato dal pubblico. Altro che "libero mercato"!  Ron Paul Warns Of Great Shift Toward Global Government Under Obama - Steve Watson, Infowars.net, Nov 6, 2008 “A world central bank, worldwide regulation and world control of the whole system, of all the commodities and all the natural resources, what else can you call it other than world government? Obama wouldn’t be there if he didn’t toe the line, and when the meeting starts on November 15th for the new monetary system, this could be the beginning of the end of what’s left of our national sovereignty.” Paul said, also warning that the global media are already hailing Obama as the world’s leader Italy to set aside €30bn to keep banks lending (?) - By Vincent Boland and Giulia Segreti, Financial Times, November 4 2008 The Italian government is set to provide up to €30bn ($39bn, £24bn) in capital for banks in the next few days so they can keep lending to companies, despite Rome insisting for weeks that the banking sector did not need to be recapitalised Chavez warns would seize any bank failing in crisis - Reuters, Nov 3, 2008 Obamas' campaign spokesman recently characterized Chavez as 'governing undemocratically' and without 'the rule of law'. But as Obama backed the undemocratic one trillion giveaway of U.S. tax money, it is Chavez who might seem democratic to the American people if his promise to give 'not one penny to the banks' were made known... Black Man Given Nation's Worst Job - The Onion, November 5, 2008 As part of his duties, the black man will have to spend four to eight years cleaning up the messes other people left behind. The job comes with such intense scrutiny and so certain a guarantee of failure that only one other person even bothered applying for it Ex-Goldman analyst may have fled - Dow Jones Newswire, 5 Nov 2008 A former Goldman Sachs Group analyst David Pajcin who pleaded guilty to criminal charges and cooperated with prosecutors in probing an insider-trading scheme that netted more than $6m (€4.6bn) may have fled the country, according to a court filing Former Lehman Employee Files $5 Million Lawsuit Against Failed Investment Bank - The Associated Press, November 5, 2008 A computer programmer formerly employed by Lehman Brothers filed a $5 million lawsuit Tuesday on behalf of more than 100 other ex-employees, in an effort to open a class action against the failed investment bank. The lawsuit alleges failure to give proper advance notice of Sept. 9 layoffs and seeks back wages and benefits. If certified, the class could include about 1,000 former workers More Signs Of A Silver Shortage - By: Theodore Butler and Israel Friedman 4 November, 2008 One of the clearest indicators of a shortage in a physical commodity occurs when the nearby futures months trade at a premium to more deferred trading months. That means buyers are willing to pay more for a commodity because it is not immediately available Comuni a Cinque Stelle: Padova - di Marco Boschini. 5 Novembre 2008 Alla fine degli interventi di riqualificazione energetica si otterrà un risparmio di energia elettrica pari a 6.543.000 Kwh all'anno, per oltre 600.000,00 euro di risparmio sulla bolletta del comune, ai cui dati bisogna aggiungere una riduzione delle emissioni di CO2 pari a 4.318 tonnellate all'anno Juncker à Sarkozy sur fond de querelle de poste : 'Un Premier ministre comme moi n'a pas de chef, ni chez lui, ni à l'étranger.' - 04/11/2008 Global recession has begun - By: John Kemp, Reuters, 4th, 2008 Yesterday’s bleak reports on the state of U.S and European manufacturing confirmed that a global recession has already begun  "Signor Ministro Tremonti, possiamo dire che è in atto una recessione?" US taxpayer weighs purchasing stakes in more bankrupt firms - 4 Nov 2008 The Treasury Department is considering using more of its $700bn (€552bn) rescue fund to buy stakes in a broad range of financial companies, not just banks and insurers, after tentative signs of the program's success, according to people familiar with the matter Federal Reserve hires bankrupt Bear Stearns risk chief - 4 Nov 2008 The former chief risk officer at collapsed Wall Street house Bear Stearns has been handed a key role in the oversight of the US banking sector after being appointed to an advisory role by the Federal Reserve Bank of New York Deutsche Bank hires six bankrupt Lehman bankers - 4 Nov 2008 Deutsche Bank hired six former Lehman Brothers bankers and has expanded its financial institutions group capabilities especially for the mortgage finance sector... United States Entering its Darkest Period In History - By: Dr Janice Dorn, Nov 04, 2008 Have we done enough to protect our families and our hard-earned life savings? The brutal bear market has ravaged the world and the majority of people will never again be made “whole.” In other words, it will come back, but it will never come back to where it started. Never. Many have seen their entire life savings wiped out on the back of the unmitigated greed of the banker gangsters and their cronies in Washington. Kakistocracy knows no bounds to its power, greed or stupidity Epochal Transformation Accelerates As Global Financial Matrix Disintegrates - By: T. Anthony Michael, The Market Oracle, Nov 01, 2008 The writing is on the wall: THE FED IS DEAD. And so is the Fed's collection agency - the IRS. All it takes is a simple taxpayers' revolt, not too unlike those that occurred prior to the American Revolution, to bury this beast forever. When the people do wake up and realize that the Federal Reserve Note that they carry in their pocket is exactly that - a note (i.e. debt, obligation, debit, commitment, instrument of indebtedness) things will start to get reeeal interesting ! (la stessa cosa succederà alla BCE-Bankitalia ed all'Agenzia delle Entrate Spa... vogliamo scommettere?) 11/04/08 - Inflationary Record Book - by The Mogambo Guru I now bring to the witness stand Howard S. Katz, of the goldbug.net, concerning his essay "Economic Basics and Today's Gold Market" posted at goldseek.com, where he explains that you can "cut through an awful lot of nonsense in economics if we just understand that there are only two things which can happen: expansion or contraction. And if we want to know which, all we need to do is look at the money supply figures published by the Fed." [it really happened !] Intellexis to distribute PricewaterhouseCoopers In$ider e-Learning programme - London, 19 July 2002 In$ider uses an innovative game-play approach to help people understand derivatives. Set in the future, users join the finance team of intergalactic mining company Gyronortex, where they are required to master the basics of hedging, swaps and options. The course is used by organisations such as Thunderbird – The American Graduate School of International Management, and by the Bank of America, where it was described as "innovative, engaging and most importantly… interactive." Transport Workers Call International Demo in Paris, November 13 - Spectrezine, Nov 5, 2008 Rail privateers and their shareholders have leeched tens of billions of pounds out of the industry while taxpayers now pay over three times in rail subsidies than they did under public ownership. Despite this insane state of affairs the neo-liberal mandarins of Brussels are rolling out their dangerous and failed privatisation model across the continent Nicolas Sarkozy and Sovereign Wealth Funds - by Kavaljit Singh, Spectrezine, November 3, 2008 Much of the controversy on SWFs is centered on political questions. The Western policy makers fear that the operations of SWFs are largely influenced by strategic policy objectives rather than commercial interests. They suspect that investments by sovereign wealth funds are meant to secure control of strategically-important industries (such as telecommunications, energy and banking) for political ends. In particular, the paranoia is centered on the multi-billion dollar investments in international banks by leading SWFs in the wake of credit crisis which began in mid-2007 (our guess: possibly they fear someone can discover the web of shadow behind-the-counter dealings? Maybe involving monetary rent laundering with kickbacks, bribes and secret payoffs?) France threatens to seize banks, German bail-outs escalate - By Ambrose Evans-Pritchard, The Telegraph, 04 Nov 2008 The French state has threatened to seize control of the country's banks and fire top staff unless they do their part to stabilise the economy by stepping up lending to companies in need UBS verliert erneut massenweise Kunden - vin/sda/ap, Tages Anzeiger, 04.11.2008 After long silence, the UBS today had to admit that clients of the Bank have withdrawn this year 140 Billion Swiss Francs = 130 Billlion Dollars. Profiteers of these movements were State and Private Banks. The escape from UBS did not even stop after the Swiss Confederation granted UBS a package in total of 68 Billion Swiss Francs, an unique transaction in history. People simply don't trust the siuation anymore !! Who wants to understand, does it, the others will stay soon in front of a closed Bank  Sarkozy `Marshall Plan' for Suburbs Takes Backseat in Crisis - By Helene Fouquet, Bloomberg, Nov. 4, 2008 The government has set aside 360 billion euros to boost the capital of French banks and help them step up lending. While it tries to rekindle the economy, it is underplaying concerns that suburban projects may need immediate, urgent attention Vatican, Hit By Crisis, Leads Crackdown on `Slackers' - By Flavia Krause-Jackson, Bloomberg, Nov. 4, 2008 All Holy See employees will be given magnetic badges and forced to clock in and out in an effort to track their movements and ensure they're working a full day, said a Vatican spokesman who declined to be named IMF Bailout of the US - Darryl Robert Schoon, 321gold, Nov 4, 2008 The bankers con game began to disintegrate when US sub prime collaterized debt obligations were given the highest AAA ratings by rating agencies, i.e. Moody's, Standard & Poor, Fitch, etc.; and, when the AAA rated securities began to default, investor confidence in the bankers' global con game began to default as well. The rest is history - or soon will be Consumi in calo per il settimo mese consecutivo - Sabrina Lauricella, Rinascita, 4 Novembre 2008 I misteri di Bankitalia - Rinascita, 4 Novembre 2008 Manca una cinquantina di giorni al 28 dicembre e a via Nazionale e a via XX Settembre c’è una pericolosa consegna del silenzio su come verrà assolto l’obbligo di legge (che scade il 28 dicembre, a tre anni dall’emanazione della norma tutela-risparmio n.262/2005) che impone il trasferimento al settore pubblico delle quote-azioni di partecipazione al capitale della Banca d’Italia detenute per la stragrande maggioranza da privati (ma la domanda vera è: emergerà finalmente la rendita monetaria effettiva?) Reddito/ Istat, l'11% delle famiglie italiane vive in condizioni di povertà - AffariItaliani, 04.11.2008 La clessidra dell'informazione - Beppe Grillo, 4 Novembre 2008 I giornali incassano un miliardo di euro all’anno dallo Stato. Si tagliano i fondi alle Università e li si regalano ai Mieli, ai Mauro, ai Ferrara, ai Polito, ai Feltri. La lista è lunghissima, ma quanti sono i mantenuti foraggiati dalle nostre tasse. La libertà di esprimere l’opinione dei loro editori è possibile grazie ai contributi dell’operaio o della pensionata Ue-15:
Juncker, c'è ancora rischio grave
stretta redditizia - AWP/ats/ansa,
4 nov 2008
Lo ha detto il presidente dell'eurogruppo Jean Claude Juncker durante il suo intervento alla commissione affari finanziari del parlamento europeo, sottolineando la necessità che il sistema finanziario internazionale utilizzi la rete di sicurezza messa a sua disposizione dalle autorità politiche (?) per tornare alla normalità Fortis: indagine su ministro esteri belga per insider trading - AWP/ats/ansa, 4 nov 2008 La commissione per le banche del Belgio ha aperto un'indagine per insider trading nei confronti del ministro degli esteri Karl de Gucht per la vendita di azioni Fortis. La notizia, anticipata dalla rivista satirica fiamminga "Humo", è stata confermata dal ministero delle finanze fa-ti-gu-ant - dimanche 2 novembre 2008 En 2001, soit à l'époque où les banquiers croyaient encore a l'auto-régulation du secteur, Denis Robert révèlait que... Clearstream, Menatep, Daewoo, Siemens, Fortis... Blue Mountain halts redemptions in largest hedge fund - The New York Times et al., November 4, 2008 Blue Mountain Capital Management on Monday halted redemptions in its largest hedge fund after investors sought to withdraw a “meaningful percentage” of their money Trichet Extends ECB's Power, May Cut Rates at Fastest Pace in Its History - By John Fraher, Bloomberg, Nov. 3, 2008 Jean-Claude Trichet is extending the European Central Bank's powers just as it gears up for what may be the fastest round of interest-rate cuts in its 10-year history. Executive Board member Lorenzo Bini Smaghi said on Oct. 31 the bank stands ready to help "other'' eastern European countries that are "asking for our help'' (by further robbing the European taxpayer out of seigniorage and purchasing power). Still, some (brain-dead) economists and politicians say the ECB's pivotal position at the heart of the financial system should be more formally recognized... (maybe a formal indictment will do the job) Lehman Good-for-Retirement Notes Worth Pennies for UBS Clients - Bloomberg, Nov 03, 2008 UBS AG, Switzerland's largest bank, faces dozens of claims in the U.S. from clients who bought "100 percent principal protected notes'' issued by Lehman Brothers Holdings Inc. that are now almost worthless Ex-UBS exec gets 6-1/2 years in prison - By Grant McCool, Reuters, Nov 3, 2008 Mitchel Guttenberg, a former institutional client manager in UBS' equity research department, admitted in a guilty plea in February to selling nonpublic information about the bank's stock recommendations. Guttenberg was among 13 people, including former employees of Wall Street firms such as Bank of America Corp, Morgan Stanley and Bear Stearns Co Inc, who were criminally charged last year in an insider trading ring  No Soothing Salve for Economic Ills - by The Mogambo Guru, The Daily Reckoning, 11/03/08 The Bloomberg article goes on that the gold standard is not necessary, although "no doubt, the abundant liquidity created by asset- securitization, derivatives and Asian countries amassing huge reserves while pegging their currencies to the dollar fed both bubbles and greed. Yet these excesses could - and should - have been harnessed by alert central banks acting in concert." Hahahaha! Like that's going to happen! "Trust us!" Hahaha! Struggling Americans Forced To Work Extra-Dimensional 4th Shift - The Onion, November 3, 2008 According to a report released Monday by the U.S. Department of Labor, skyrocketing consumer prices coupled with stagnant wages have forced many Americans to work a fourth shift in another dimension in order to make ends meet [monetary mobbing] The Fed as central bank to the world - By Jacqueline Thorpe, Financial Post, November 02, 2008 The swap lines give a small "stamp of approval" to each country of their good financial husbandry but also send a message to those left swinging in the wind, Mr. Chandler adds: "Being a friend of the U.S. still matters," he said. "Venezuela, Argentina, and Russia, for example, are unlikely to be thought of as likely candidates for a similar swap program with the Fed. Over time, who is regarded as a friend of the U.S. may impact valuations." World people will be subjugated to the seigniorage imposed by the stealth owners of the Federal Reserve, and this is a reward? United States Heading for Economic Depression and Dollar Collapse - By: Eric deCarbonnel, The Market Oracle, Nov 03, 2008 The US headed for a depression AND a currency collapse. Americans will see their wealth wiped out as stocks and home values plunge, their cost of living soar as food and oil prices spike up, and their taxes increase as the government struggles to fund itself Current Economic Crisis Worse than the Great Depression - By: Dr Krassimir Petrov, The Market Oracle, Nov 02, 2008 Based on indicators like - (1) global real estate overvaluation, (2) indebtedness, (3) leverage, (4) outstanding derivatives, (5) global bubbles, and (6) the precariousness of the global monetary system, I would argue that the accuulated imbalances in the current period surpass significantly those preceding the Great Depression. I therefore conclude that the coming U.S. (and possibly) global depression will be of greater magnitude than the Great Depression of the 1930s. It likely suggests that we are entering a historic period that will likely be known as The Greater Depression Financial crisis: World round-up - BBC, 3 November 2008 Finance Minister Giulio Tremonti said on 13 October that the government would spend "as much as necessary" to support his country's financial institutions. The governor of the Bank of Italy, Mario Draghi, meanwhile announced it would temporarily swap up to 40bn euros ($54bn) of bonds for Italian bank debt Icelanders take to the streets calling for the heads of those in charge (video) - BBC, 2 November 2008 People chanted calls for prime minister Geir Haarde and central bank head David Oddsson to resign after a week when the central bank raised interest rates to a record high of 18% DA LEGGERE: DIETRO LA CRISI, GNOMI AL POTERE - di Marco Girardo, WallStreetItalia, 3 Novembre 2008 Giancarlo Galli ripercorre gli intrecci – molto spesso incestuosi – fra «politica, economia e finanza in Italia fino al grande crac». Un'impietosa analisi della nostra classe dirigente La nuova P2 e le vecchie BR - Beppe Grillo, 2 Novembre 2008 La pagliacciata del camion bianco di Piazza Navona e le parole di Cossiga sono i segnali di una nuova strategia della tensione. Nuova perchè non ci sono più partiti contro partiti. Ma cittadini contro politici. Basteranno gli stadi? Si dovrà interrompere il campionato per rinchiudere i manifestanti. Le BR non torneranno, i cittadini incazzati e senza futuro invece sono pronti. Quando si accorgeranno di non avere più niente da perdere, chi potrà fermarli? DEUTSCHE BANK: Ackermann lehnt weiter jede Hilfe vom Staat ab - Der Spiegel, 02.11.2008 Nein zum Rettungspaket: Deutsche-Bank-Chef Josef Ackermann will keine finanzielle Hilfe vom Staat in Anspruch nehmen. Schließlich mache sein Unternehmen trotz der Finanzkrise Gewinne - darauf könne man in Deutschland stolz sein Preoccupante dichiarazione di Ackermann a porte chiuse: "Sarebbe un peccato se dovessimo ammettere che abbiamo bisogno di denaro dai contribuenti..."  Domanda: se il contribuente (o il governo) ha i soldi per salvare i mercati, le banche e le assicurazioni, per poi di nuovo farsi prestare gli stessi soldi dalle banche aggravati da interessi, perché mai dovrebbe tirarli fuori in primo luogo? Challenging the Crowd in Whispers, Not Shouts - By ROBERT J. SHILLER, NYTimes, November 1, 2008 The field of social psychology provides a possible answer. In his classic 1972 book, “Groupthink,” Irving L. Janis, the Yale psychologist, explained how panels of experts could make colossal mistakes. People on these panels, he said, are forever worrying about their personal relevance and effectiveness, and feel that if they deviate too far from the consensus, they will not be given a serious role. They self-censor personal doubts about the emerging group consensus if they cannot express these doubts in a formal way that conforms with apparent assumptions held by the group Banking on Bloodshed: UK high street banks’ complicity in the uranium arms trade - ICBUW, 31 October 2008 War on Want has just released a new report on the financing of uranium weapon and cluster bomb manufacturers by UK banks. It adds to the data released by ICBUW last year that found that RBS and Barclays invested in DU. You can now add HSBC and Lloyds to that list Examining the 7 Hardest Hit Metropolitan Areas - Dr. Housing Bubble, November 2nd, 2008 Lying on a mortgage application is flat out fraud. Now, IndyMac Bank which is under the FDIC, a government backed institution is trying to get a hold of you shady borrower. You know you lied and committed fraud and now you’re getting a government letter? Hmmm, guess how a few of the borrowers are going to respond? They’d rather let the home foreclose and be gone Bush administration denies funding for FBI probe of mortgage mess - SeattlePi, 31 Oct 2008 The Bush administration is rejecting FBI pleas for more agents to investigate crimes that helped trigger the global financial meltdown, bureau sources said this week. The administration -- in reinventing the FBI after the its 2001 terrorist attacks -- shifted about 2,400 agents from traditional crime-fighting squads to counterterrorism units, according to a Seattle P-I analysis of FBI data. At least 1,700 of those agents haven't been replaced, and the latest Bush budget continues that trend Nato officers rent villa owned by Naples Mafia boss Antonio Iovine - Paul Bompard in Rome, The Times, October 27, 2008 Colonel Carmelo Burgio, who heads the 1,360 Carabinieri in the Naples area, which is infested by the many family-based clans that make up the Camorra, said: “Last year we succeeded in sequestering €100 million [£79 million] of assets belonging to the Bianco-Corvino clan of the Camorra, including about 50 villas. We then discovered that 40 of these were rented out to Nato personnel. The military duty officer at the US Embassy in Rome said that he had no knowledge of the situation and declined to comment. Military personnel at the American Joint Forces Headquarters in Naples and at the Capodichino airbase also said that they knew nothing of the matter, and that nobody was available to comment... Treasury Department Withdraws Proposed Money-Laundering Rules for Hedge Funds - LPAC, November 1, 2008 Steve Hudak, a spokesman for the Fincancial Crimes Enforcement Network, told the Washington Post that while hedge funds do, technically, represent some risk, because of their lack of transparency, "that risk needs to be studied and carefully assessed prior to implementing any anti-money-laundering regulations." World's Most Efficient Solar Cells Created - ScienceAlert, 24 October 2008 University of New South Wales’ ARC Photovoltaic Centre of Excellence has reported the first silicon solar cell to achieve the milestone of 25 per cent efficiency Is Credit Card Relief Coming? - blogspot.com, 2008-11-02 Banks, which are losing billions because many card holders aren't paying anything, seek OK to forgive up to 40% of strapped consumers' debts. Big banks have formed an unusual alliance with consumer advocates to urge the government to allow huge portions of credit card debt to be forgiven Germans freeze £21bn property funds - independent.co.uk, 2008-11-02 The 11 funds involved suffered from a string of major investors pulling their cash to raise liquidity. In order to redeem the money, the funds have to sell assets in their property portfolios, which is costly as the real estate market is in freefall. The funds responded by not allowing redemptions for three to six months The fate of Britain's small businesses is now political dynamite - By Philip Aldrick, Banking Editor, The Telegraph, 01 Nov 2008 Small businesses are going bust at the rate of 280 a week. Philip Aldrick looks at the Government's frantic attempts to get banks to help Italian bond weakest since lira as Europe crisis deepens - By Ambrose Evans-Pritchard, The Telegraph, 31 Oct 2008 Investor flight from Italian bonds have pushed the yields on the country's debt to the highest level since the days of lira, raising concerns over Rome's ability to finance its budget deficit as a repayment falls due next year Crisi mutui: Hildebrand (BNS) ricorda doveri a banche cantonali - swissinfo.ch, 2 novembre 2008 Un sensibile indebolimento dell'economia svizzera è inevitabile, ritiene Hildebrand. "Le prospettive congiunturali globali sono molto peggiorate. Osserviamo un rallentamento globale e sincrono della crescita, accompagnato da una crisi creditizia a livello mondiale." Alla domanda se la Svizzera scivolerà in una recessione, Hildebrand non ha risposto in maniera concreta ECB May Follow as Fed, BOJ, India 'Shocked' Into Cuts - By Simon Kennedy, Bloomberg, Nov. 1, 2008 At JPMorgan Chase & Co., economists are predicting their global interest rate measure will fall to 2.16 percent next year (further more if islamic banking is to enter the business...) Bank of Japan May Be Heading Back to `Zero Interest-Rate World' - By Jason Clenfield, Bloomberg, Nov. 1, 2008 Governor Masaaki Shirakawa and his board yesterday cut the key overnight lending rate by 20 basis points to 0.3 percent, abandoning a two-year struggle to raise the lowest borrowing costs among major economies. Three of the eight members argued for a deeper cut of 25 basis points and one wanted no change India Unexpectedly Cut Interest Rates to Spur Growth - By Debarati Roy and Cherian Thomas, Bloomberg, Nov. 1, 2008 The Reserve Bank of India lowered its repurchase rate to 7.5 percent from 8 percent, reduced the amount of deposits that lenders need to set aside as reserves to 5.5 percent from 6.5 percent, and cut the amount of money lenders are required to keep in government bonds to 24 percent from 25 percent Rescued bank to pay millions in bonuses - Simon Bowers, The Guardian, November 1 2008 RBS 'making monkeys' out of the government, says Vince Cable (siamo in una nuova era, quella della democrazia grottesca) The End Of Prosperity - By Stephen Lendman, rense.com, 11-1-8 Here's the "inescapable reality - Now that the global debt bubble has burst, all the world's leaders and all their radical new measures can't" contain, let alone undue, all the damage. They can't "turn back the clock or reverse decades" of excess and greed. "They cannot repeal the law of gravity or prevent investors from selling. Even as they sweep piles of bad debts under the carpet with bailouts and buyouts, mountains of new debts will go bad - another flood of mortgages that can't be paid, a new raft of credit cards falling behind, an avalanche of companies defaulting on their bonds." Reversal of Fortune - by Joseph E. Stiglitz, Vanity Fair, November 2008 Describing how ideology, special-interest pressure, populist politics, and sheer incompetence have left the U.S. economy on life support, the author puts forth a clear, commonsense plan to reverse the Bush-era follies and regain America’s economic sanity  Lining up for food and water, Louisville, Kentucky, 1937 Shut Down The
Federal Reserve System (sign the petition) 2008 OTTIOBRE 2008 SETTEMBRE 2008 AGOSTO 2008 LUGLIO 2008 GIUGNO 2008 MAGGIO 2008 APRILE 2008 MARZO 2008 FEBBRAIO 2008 GENNAIO 16-31 2008 GENNAIO 1-15 2008 2007 2006 2005 "When a government is dependent upon
bankers for money, the bankers — not the leaders of the government —
are in control"
- Napoleon Quando una nazione non ha, o non può
ottenere, la quantità di derrate occorrente al suo popolo, è una
nazione povera. Quando quelle derrate esistono e il popolo non può
procurarsele con il lavoro onesto, lo Stato è marcio, e non bastano le
parole per dire quanto è marcio. - Ezra Pound
SE LA
BANCA RIFIUTA DI DARVI IL CONTANTE,
CHiAMATE IL 112 E FATE VERBALIZZARE LO STATO
D'INSOLVENZA(When the total nation hasn't or cannot obtain enough food for its people, that nation is poor. When enough food exists and people cannot get it by honest labour, the state is rotten, and no effort of language will say how rotten it is.) Sin dall'unificazione dell'Italia, la politica deliberata dei governi fu quella di mantenere il popolo nell'ignoranza e di oberare le famiglie con tasse abbastanza alte affinché dovessero arrabattarsi per sopravvivere. Questo le teneva tanto occupate da non potersi chiedere a chi effettivamente spettasse il diritto sovrano di batter moneta ed i benefici ad esso connessi. Nel periodo fra le due guerre mondiali è stato il Governo a dirigere direttamente, tramite il Ministro del Tesoro, la politica del Debito Pubblico. Dopo la seconda Guerra Mondiale, è stata la Banca d'Italia, in pratica, a gestire l'indebitamento. Dalla fine della seconda guerra mondiale (primo presidente della Repubbica proveniente da BANKITALIA), lo stato italiano ha evitato accuratamente di spiegare alla gente la differenza tra monetaggio (costi puri di emissione) e signoraggio (potere d'acquisto al valore facciale) e questo con lo scopo preciso di nascondere l'enorme truffa che si cela dietro l'attuale emissione della massa monetaria (iniziata con le AM-LIRE e proseguita con le banconote cartacee ed il credito a vista denominato in euro) che oggi va ad esclusivo favore di soci (occulti e non) di banche private (BCE, Bankitalia, Mediobanca, IntesaSP, Unicredit, etc. etc. - tutta gente che verrà chiamata a rispondere, prima o poi...) creando una massa enorme di debito pubblico, ripudiabile come debito odioso. La malafede venne santificata attraverso l’art. 75.3 Cost. che prevede espressamente che “non è ammesso il referendum per le leggi tributarie e di bilancio, di amnistia e di indulto, di autorizzazione a ratificare trattati internazionali” - tipo Maastricht (Il trattato di MATRIX). Il fatto che lo Stato non siamo noi è evidenziato dal cosiddetto Segreto di Stato - altrimenti ne conosceremmo i contenuti. Più che "Segreto di Stato" occorrerebbe denominarlo "Speriamo che non ci bécchino!". Nel 2000 su internet c'erano solo 17 pagine che parlavano di signoraggio (rendita monetaria effettiva, ben diversa da quella dichiarata dalle banche), oggi ce ne sono già più di 220.000... esiste un rischio mortale per una repubblica corrotta, a causa della collettiva, progressiva, inesorabile presa di coscienza da parte della popolazione (moral hazard). Questo sito ha lo scopo di seguirne gli sviluppi e lasciarne una traccia storica a futura memoria e mònito. * Schema del flusso e riciclaggio: PMI, lavoratore dipendente o pensionato --> tasse --> Equitalia SpA --> Ministero economia --> strumenti usurai d'indebitamento pubblico --> banche private, SIM, clearing houses --> SPECTRE --> paradisi fiscali... --> cleptosauri? politici corrotti? giornalisti? campagne elettorali? magistrati e avvocati? mezzi di comunicazione? operazioni false-flag dei servizi? guerre umanitarie all'uranio? pifferai magici? spin-doctors? ricchi premi e cotillons? * Sentenza-vergogna che confonde il diritto con la politica: Sezioni Unite dalla Cassazione, sentenza n. 16751 del 21 luglio 2006 Diritto Internazionale: “Il
malcontento è grave, un senso di malessere si diffonde in tutte
le classi della società. Le sorgenti della ricchezza vanno a
disseccarsi. Noi facciamo il lavoro di Tantalo o di Penelope. Il signor
Rothschild, re del milione, è, finanziariamente parlando, re
dell'Italia"  "Les vrais
mafieux lisent le Financial Time ou le Wall Street Journal"
Voilà ce qu’écrivait Denis Robert dans « une affaire personnelle » sorti en avril dernier... "Certains banquiers sont comme les barons de Cosa nostra. Ils démarrent soldati, montent en grade. Capodecina, consigliere. Pour finir : capo dei capi. Ils agissent, mais ne parlent pas. L’omerta est la règle. La discipline dans les deux cas est militaire. Je ne parle pas des chefs d’agence ou des petits banquiers. Eux ce sont des soldats. Je parle de leurs généraux. Je parle des types à la tête des banques." Our
vision is to become the premier
government contractor for Economic Counterintelligence
to support our country’s fight against real terrorism The objectives of strategic analysis at the CSM include— • Disseminating information on seigniorage-laundering trends and methods to law enforcement, regulatory agencies, and the public. • Assessing industry, geographic, and other systemic seigniorage-laundering vulnerabilities. • Undertaking research and analysis to identify newly emerging or inadequately understood seigniorage-laundering methodologies. • Providing support to federal, state, local, and international law enforcement efforts in connection with illicit funds movement methodologies associated with complex financial or seigniorage-laundering investigations. • Providing feedback to the European community on the use and utility of suspicious activity reports. |
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2007
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