For the first time the UK’s consumer debt exceeds the total of its gross national product: a new report shows that we owe £1.35 trillion. Inspectors in the United States have discovered that 77,000 road bridges are in the same perilous state as the one which collapsed into the Mississippi. Two years after Hurricane Katrina struck, 120,000 people from New Orleans are still living in trailer homes and temporary lodgings. As runaway climate change approaches, governments refuse to take the necessary action. Booming inequality threatens to create the most divided societies the world has seen since before the first world war. Now a financial crisis caused by unregulated lending could turf hundreds of thousands out of their homes and trigger a cascade of economic troubles.These problems appear unrelated, but they all have something in common. They arise in large part from a meeting that took place 60 years ago in a Swiss spa resort. It laid the foundations for a philosophy of government that is responsible for many, perhaps most, of our contemporary crises.
By Michael Snyder | The Economic Collapse – September 15th, 2013
As we approach the 100 year anniversary of the creation of the Federal Reserve, it is absolutely imperative that we get the American people to understand that the Fed is at the very heart of our economic problems. It is a system of money that was created by the bankers and that operates for the benefit of the bankers. The American people like to think that we have a “democratic system”, but there is nothing “democratic” about the Federal Reserve. Unelected, unaccountable central planners from a private central bank run our financial system and manage our economy. There is a reason why financial markets respond with a yawn when Barack Obama says something about the economy, but they swing wildly whenever Federal Reserve Chairman Ben Bernanke opens his mouth. The Federal Reserve has far more power over the U.S. economy than anyone else does by a huge margin. The Fed is the biggest Ponzi scheme in the history of the world, and if the American people truly understood how it really works, they would be screaming for it to be abolished immediately. The following are 25 fast facts about the Federal Reserve that everyone should know…
A cabal of intellectuals and elitists hijacked the economic debate, and now we are dealing with the catastrophic effects
The Guardian, Tuesday 28 August 2007
by Stephen Lendman
Published: Dec. 20, 2011 – SteveLendmanBlog
The late Georgetown University historian Carroll Quigley said in his book titled, “Tragedy and Hope:”
“(T)he powers of financial capitalism had another far-reaching aim, 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. This system was to be 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.”
By controlling democratic and despotic governments as well as others in between, they’ve moved closer to absolute global control of money, credit and debt to dominate economies, politics, commerce, and imperial adventurism. As a result, they’ve benefitted handsomely at the expense of nations and popular interests.
Financial Terrorism in America: Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 TrillionPosted: November 18, 2011
Shocking statistics proving the economic elite have launched a deliberate systemic financial terrorist attack against 99.9% of the population.
by Alexander Higgins
Published: Aug. 12, 2011 –Alexander Higgins Blog
An all out campaign of corporate and government propagand has obscured the truth of the blatant reality that economic elite have raped and pillaged a generation of Americans.
The veil of secrecy that keeps us blinded to our oppressors is disguised beneath obfuscated financial data and blatantly manipulated government statistics.
The truth of the matter is every single American feels the stress and pain of increasingly burdensome economic hardships on a daily basis.
While we have been fooled to believe our troubles are isolated the light of truth is revealed from the great dark beyond and the fog that clouds our thoughts begin to clear.
by Richard K Moore
Published: Oct. 18, 2011 – New Dawn Magazine
When the Industrial Revolution began in Britain, in the late 1700s, there was lots of money to be made by investing in factories and mills, by opening up new markets, and by gaining control of sources of raw materials. The folks who had the most money to invest, however, were not so much in Britain but more in Holland. Holland had been the leading Western power in the 1600s, and its bankers were the leading capitalists. In pursuit of profit, Dutch capital flowed to the British stock market, and thus the Dutch funded the rise of Britain, who subsequently eclipsed Holland both economically and geopolitically.
In this way British industrialism came to be dominated by wealthy investors, and capitalism became the dominant economic system. This led to a major social transformation. Britain had been essentially an aristocratic society, dominated by landholding families. As capitalism became dominant economically, capitalists became dominant politically. Tax structures and import-export policies were gradually changed to favour investors over landowners.
Most frightening of everything in this FSB report, however, is the reply Putin gave to Russia’s top generals yesterday when asked what preparations should be made and he answered…. “Prepare for Armageddon.”
We will do it with or without you, US tells Pakistan
by Raja Mujtaba
Published: Oct. 21, 2011 – Veterans Today
Armageddon (commonly known as the battle against the anti-Christ) according to the Bible, is the site of a battle during the end times, variously interpreted as either a literal or symbolic location. The term is also used in a generic sense to refer to any end-of-the-world scenario.
According to some Muslim and Christian interpretations, the Messiah will return to earth and defeat the Antichrist, Satan the Devil, in the battle of Armageddon. According to the Muslim belief, it would be Imam Mehdi who would precede Prophet Jesus who would fight the one eyed beast called Dajjal (Anti Christ).
Published: Oct. 20, 2011 – The Economic Collapse
Most people have no idea that Wall Street has become a gigantic financial casino. The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end. The word “derivatives” sounds complicated and technical, but understanding them is really not that hard. A derivative is essentially a fancy way of saying that a bet has been made. Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before. Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion. The danger to the global financial system posed by derivatives is so great that Warren Buffet once called them “financial weapons of mass destruction”. For now, the financial powers that be are trying to keep the casino rolling, but it is inevitable that at some point this entire mess is going to come crashing down. When it does, we are going to be facing a derivatives crisis that really could destroy the entire global financial system.
by Anthony Wile
Published: Oct. 01, 2011 – The Daily Bell
The Blame Wall Street meme is back. A popular movement called Occupy Wall Street is attracting attention by protesting in and around the US financial district. In this editorial, I want to examine what the protest means in a larger context.
The impulse of the demonstration is surely correct insofar as it goes. Today’s monetary system is likely creating a kind of globalist society verging on feudalism. But are the fingers pointing in the right direction? I’m not so sure. We’ve written about this in the past, here:
U.S. poverty totals hit a 50-year high Census Bureau’s grim statistics show recession’s lingering effects, as young adults move back home and 1 million more Americans go without health insurance … In a grim portrait of a nation in economic turmoil, the government reported that the number of people living in poverty last year surged to 46.2 million — the most in at least half a century — as 1 million more Americans went without health insurance and household incomes fell sharply. – Los Angeles Times
Published: Sep. 14, 2011 – The Daily Bell
Dominant Social Theme: These things happen. No reason. Depressions spontaneously occur. They are “market mistakes.”
Free-Market Analysis: We’ve spent considerable time in the past three years (the past decade, actually), analyzing how the powers-that-be have reorganized society, especially American society, in a way that relentlessly reduces prosperity. Figures released yesterday from the US Census provide a startling illustration of just how effective elites have been. (See excerpt above.)
Why would a handful of wealthy central banking families want to impoverish the US and render its citizens penniless? Our conclusion is simple: World government is on the way and the American culture is still resistant to the kind of hyper-regulatory corporatism that is necessary to support this kind of governance.
Published: Aug. 13, 2011 – Capitalism is the Crisis
Capitalism Is The Crisis: Radical Politics in the Age of Austerity examines the ideological roots of the “austerity” agenda and proposes revolutionary paths out of the current crisis. The film features original interviews with Chris Hedges, Derrick Jensen, Michael Hardt, Peter Gelderloos, Leo Panitch, David McNally, Richard J.F. Day, Imre Szeman, Wayne Price, and many more!
The 2008 “financial crisis” in the United States was a systemic fraud in which the wealthy finance capitalists stole trillions of public dollars. No one was jailed for this crime, the largest theft of public money in history.
Instead, the rich forced working people across the globe to pay for their “crisis” through punitive “austerity” programs that gutted public services and repealed workers’ rights.
Austerity was named “Word of the Year” for 2010.
This documentary explains the nature of capitalist crisis, visits the protests against austerity measures, and recommends revolutionary paths for the future.
Special attention is devoted to the crisis in Greece, the 2010 G20 Summit protest in Toronto, Canada, and the remarkable surge of solidarity in Madison, Wisconsin.
It may be their crisis, but it’s our problem.
Published: Mar. 30, 2011 – The Economic Collapse
Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems. When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt. But the truth is that the institution with the most power over our economic system is the Federal Reserve. So exactly what is the Federal Reserve? Most people would say that it is an agency of the federal government. But that is absolutely not true. In fact, the Federal Reserve itself has argued in court that it is not an agency of the federal government. Rather, the Federal Reserve is a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress. This privately-owned central bank has been destroying the value of the U.S. dollar for decades, it has run our economy into the ground and it has driven the U.S. government to the brink of bankruptcy. The Federal Reserve operates in great secrecy, it has never been subjected to a comprehensive audit and it is not accountable to the American people. Yet the decisions that the Federal Reserve makes have a dramatic impact on the lives of every single American citizen.
A majority of Americans believe America is an “exceptional” nation and “a shining beacon of democracy and hope to a dark world”. But, reliable and unbiased evidence shows that real America is an unequal society, oppressive, undemocratic and a violent imperialist power.
by Ghali Hassan
Published: Jul. 20, 2011 – Axis of Logic
Inequality and Poverty
A report released on 20 October 2008 by the Organisation for Economic Co-operation and Development (OECD) revealed that the U.S. has “the highest inequality level and poverty rate across the OECD, Mexico and Turkey excepted. Since 2000, income inequality has increased rapidly, continuing a long-term trend that goes back to the 1970s”. All Western Europe’s OECD states, along with Japan, South Korea, Canada and Australia have recorded better figures than the U.S., as did central and eastern European states, including Poland and Hungary. .
This documentary In the Shadow of Hermes by Jüri Lina shows how freemasons, international bankers, and communists joined forces in an unholy alliance and through the Bolshevik Revolution of November 1917 established in Russia the most brutal and dehumanizing slave society the world has ever seen. Russian writer Alexander Solzhenitsyn in 1974 admonished his countrymen: “Live without lies!” This applies equally to the West. The Truth in our time is in no way self-evident. Most official facts about communism are not true. Solzhenitsyn emphasized: “In our country the lie has become not just a moral category, but a pillar of the state.” The facts have been suppressed both in the East and the West.
The film “In the Shadow of Hermes” is an important documentation of those financial masonic forces that cold-bloodedly worked behind the scenes through communism to profit from the suffering of others. The director, Jüri Lina, stresses that it is his duty to tell the truth about communism and its grey eminences, and not just superficially treat its psychopathic symptoms, while the truth today is not highly valued. History is made every day, but by whom? The answer is given in this film, the aim of which is to unmask the truth, despite the falsifications of history, so meekly reported by the media. To know the real history of communism is the best insurance against ideological impostors. Based on the book “Under the Sign of the Scorpion” by the Estonian dissident Jüri Lina who narrates this documentary in Swedish.
Bilderberg 2011:”Elitist One World Ltd. – Global Network of Giant Cartells, More Powerful than Any Nation, to Control Mankind´s Necessities of Life and Numbers Through Bloody Wars”Posted: July 29, 2011
Published: Jun. 24, 2011 – Euro-med.dk
The Bilderberg meeetings are held 2-3 days every year – for one reason: to create a corporate world government to enslave mankind. This year, the elitist bankers, their politician and corporate henchmen and a few journalists met at St. Moritz, Switzerland on 9-10 June – all sworn in to keep silent about the matters discussed. However the Bilderberg hunters Jim Tucker and Daniel Estulin have reliable moles inside the meeting – so that important points always seep out. This year war was on the program. The elitists want a big an bloody war in the Middle East – just sparing Israel. Syria and Iran are being targeted – but another story is how NATO can manage such a big war considering all the failures in Iraq, Afghanistan, Pakistan, Libya etc.Invasion of Libya and intervention in Syria are reported to be in the planning. Why? Jim Tucker, said the elite believe the world is over-populated and that war represents a partial solution. “They are unified on their war project,” said Tucker, citing his Trilateralist-Bilderberg source. They think “ they have to limit the population growth, the one way to do it is with our wars. They have been emphasizing that all day.” So, they had invited both NATO´s Secretary-General, Anders Fogh Rasmussen and Serving US Minister of Defence, Robert Gates. The elitists are concerned about the increasing opposition in the US Congress against endless wars for the elitist dreams – and so the elite is determined to act soon – before the opposition becomes too strong. So, they want US to stay in Iraq. “When you think of Iraq, think big,” one US Bilderberger remarked during the discussion, suggesting that the country will merely be used as a launch pad for a wider regional war that will “include every nation in the Middle East except for Israel.”
Published: Jul. 19, 2011 – The Economic Collapse
Can you smell it? There is blood in the water. Global financial markets are in turmoil. Banking stocks are getting slaughtered right now. European bond yields are absolutely soaring. Major corporations are announcing huge layoffs. The entire global financial system appears to be racing toward another major crisis. So could we potentially see a repeat of 2008? Sadly, when the next big financial crisis happens it might be worse than 2008. Back in the middle of 2008, the U.S. national debt was less than 10 trillion dollars. Today it is over 14 trillion dollars. Back in 2008, none of the countries in the EU were on the verge of financial collapse. Today, several of them are. This time if the global financial system starts falling apart the big governments around the world are not going to be able to do nearly as much to support it. That is why what is happening right now is so alarming. As signs of weakness spread, the short sellers and the speculators are starting to circle. They can smell the money.
by David DeGraw
First Published: Jul. 06, 2011 – Amped Status Report
When Obama launched his re-election propaganda campaign to trick the American public into thinking that he intends to end the Af-Pak War, he said that the “War on Terror” has cost $1 trillion over the past decade. While that is a staggering amount of money, he was being deceitful once again.
As you may have heard, a newly released study by the Eisenhower Research Project at Brown University revealed that the cost of the War on Terror is significantly greater than Obama has said. The little passing coverage the study received in the mainstream press cited $3.7 trillion as the total cost, which was the most conservative estimate. The moderate estimate, which the mainstream media ignored, was $4.4 trillion. In addition, interest payments on these costs will most likely exceed $1 trillion, which brings the total cost up to at least $5.4 trillion. The report also states that the following costs are not even included in this total:
by Mike Whitney
Published: Jun. 01, 2011 – Information Clearing House
Imagine what your reaction would be if the Mexican government agreed to pay Barack Obama $1.4 billion to deploy US troops and armored vehicles to New York, Los Angeles and Chicago to conduct military operations, set up check points, and engage in fire-fights that end up killing 35,000 US civilians on the streets of American cities.
If the Mexican government treated the United States like this, would you consider them a friend or an enemy?
But–the thing is–this is exactly how the US is treating Mexico, and it’s been going on since 2006.
INSIDE JOB, 2010
by Charles Ferguson
Running time: 108 minutes
Distributed by Sony Pictures Classics
Country: United States
‘Inside Job’ provides a comprehensive analysis of the global financial crisis of 2008, which at a cost over $20 trillion, caused millions of people to lose their jobs and homes in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. The film traces the rise of a rogue industry which has corrupted politics, regulation, and academia. It was made on location in the United States, Iceland, England, France, Singapore, and China.
by James Petras
Published: May 19, 2011 – Rense.com
In May 2011, Mexican investigators uncovered another mass clandestine grave with dozens of mutilated corpses; bringing the total number of victims to 40,000 killed since 2006 when the Calderon regime announced its “war on drug traffickers”. Backed by advisers, agents and arms, the White House has been the principal promotor of a ‘war’ that has totally decimated Mexico’s society and economy.
If Washington has been the driving force for the regime’s war, Wall Street banks have been the main instruments ensuring the profits of the drug cartels. Every major US bank has been deeply involved in laundering hundreds of billions of dollars in drug profits, for the better part of the past decade.