Wednesday, October 26, 2011
The banking regulations have yet to put any prominent bankers in jail for FRAUD. Sidelines folks such as Bernie Madoff could no longer be ignored.
The HAMP and homeowners refinancing plans allow homeowners who are underwater to REFINANCE, creating additional interest charges and INCREASING the overall cost of the home. This way the banks don't have to take writedowns. With no prospects for growth in the economy, the value of the homes will not grow in the near future so what's the point of owning? At the same time the mortgage interest deduction is slated for elimination.
The student loan deal actually took the banks out of education costs so that was good for us, but what about the trillion dollar education debt bubble that is ALREADY out there. With no prospects for growth, jobs are slim, but student debt cannot be avoided.
Can anyone point to ANY Obama legislation that actually REDUCED the debt burden or inflationary burden the American middle class is facing?
Friday, July 8, 2011
Hmm. So far the IMF has failed with Chavez, Morales, and Castro. Need more help?
The CIA took out the democratically elected leader of Iran and replaced him with a tyrant - the shaw http://www.iranchamber.com/history/coup53/coup53p1.php
The CIA took out Torrijos in Panama and put in Noriega until he became a liability.http://www.wattpad.com/1240590-cia-hit-list-omar-torrijos-supreme-chief-of-panama?p=1
The CIA setup Osama Bin Laden, Saddam Hussein, traded weapons with Iran with money from the cocaine trade in Latin America (Iran Contra)
And many more...
The Assassination of Nestor Kirchner by the IMF
Wednesday, 05 January 2011 01:08
Kirchner became the President of Argentina in 2002. He stood up to the IMF and refused to impose austerity measures on his people in order to repay the IMF. Because of the effectiveness of his non-austere economic policies, last month, Argentina finished paying off the last of the debt.Read more at readersupportednews.org
Kirchner told Oliver Stone the bankers threatened constantly ("siempre") to kill him.
People in Spain, Greece, and Ireland were calling on their governments to follow Kirchner's lead, and reject "austerity". There is every reason to think that the IMF bankers also threatened to murder the Prime Ministers of these countries, all off whom knuckled under to the IMF in the days after Kirchner's sudden and unexpected death from a "heart attack".
Did the IMF finally follow through on their threats to murder Kirchner, in order to give credence to their threats against the Euro-peons? There is every reason to think so.
... shows Kirchner describing the threats as constant ("siempre")
... shows European populists calling on the people to support following Kirchner's example
... shows the head of the CIA, William Colby, describing a CIA pistol that shoots an ice-dart that leaves the target dead from heart attack, with "no evidence to indicate that the target was hit."
Thursday, April 14, 2011
If it wasnt for the Fed printing money and borrowing from every Tom Dick and Harry, we would probably need a bailout like Greece, Ireland, Spain, Italy, etc...
Banks Face $3.6 Trillion 'Wall' of Debt: IMF
The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday.
The IMF and European Union bailed out Greece and Ireland, and are in talks with Portugal on a lending program as sovereign borrowing costs surge.
US banks built up capital buffers in 2009, when regulators completed a set of stress tests that revealed some large holes.
It said government debt was generally high and on a worrying upward path in many advanced economies.
Read more at www.cnbc.com
It repeated its warning that the United States and Japan faced particularly dangerous debt dynamics.
Tuesday, April 12, 2011
Spain, Italy, UK, Greece, Ireland, USA...
Spain public debt at 11-year high: central bank
Read more at news.yahoo.com
AFP/File – Spain's public sector debt hit an 11-year high in the fourth quarter of 60.1 percent of gross domestic …
MADRID (AFP) – Spain's public sector debt hit an 11-year high in the fourth quarter of 60.1 percent of gross domestic product, central bank figures showed Friday.
The public debt rose to 638.77 billion euros during the period, up from 611.89 billion euros or 57.9 percent of GDP in the third quarter.
The figure was slightly better than the government's forecast of 62.8 percent of GDP but it was still the highest level since 1999, when it reached 62.3 percent.
The public debt includes debt from the central government, the social security system and regional and local administrations, and is a key measure of the financial health of a country.
As an European Union member, Spain is required to keep its public debt below 60 percent of GDP.