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Showing posts from July, 2010

Wake Up Project on Livestream

Oil Spill Timeline

Oil Spill Timeline from RightChange on Vimeo . He isn't leading, he is following orders.... this whole disaster is orchestrated by George Soros. (a communist billionaire who made his dough on weapons and crashing the british pound - guess what he is doing now?) it's all a plan to destroy America and the dollar for "global governance" = global communism! THe plan is to cancel our oil drilling and send all drilling to Brazil. where Soros invested in Petrobras (state owned oil co that found a new oil reserve deep u;nderwater outside of Brazil) Soros got Obama to promise Petrobras $2billion investment ..... then they got BP to put $20 Billion in an account - guess where $2B is going....? meanwhile all other oil rigs in Gulf is moving on down to Brazil - just as planned....while US looses jobs, $$$, industry, our environment. Speaking of..... the goal here is to push through Cap and trade... = taxing the air we breath....for more control of the world.... but wasn't C

Middle class families face a triple whammy

Falling pensions, cuts and the banking crisis will impoverish many families, says Edmund Conway. By Edmund Conway Published: 9:05AM BST 01 Jul 2010 You don't usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that Britain, and the rest of the Western world, have been sleepwalking towards for years. The claim made by the IMF's Financial Stability Report in 2005, in a seemingly throwaway remark, was that households had become the financial system's "shock absorber of last resort". In other words, whereas in previous eras, much of the pain of recession and financial crisis was borne by businesses or governments, with families afforded some degree of protection by the pensions system or welfare state, it was no

Fed Made Taxpayers Unwitting Junk-Bond Buyers

Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of dollars in “assets” the government agreed to purchase in the rescue of Bear Stearns Cos. were “investment-grade.” They didn’t share everything the Fed knew about the money. The so-called assets included collateralized debt obligations and mortgage-backed bonds with names like HG-Coll Ltd. 2007-1A that were so distressed, more than $40 million already had been reduced to less than investment-grade by the time the central bankers testified. The government also became the owner of $16 billion of credit-default swaps, and taxpayers wound up guaranteeing high-yield, high-risk junk bonds. By using its balance sheet to protect an investment bank against failure, the Fed took on the most credit risk in its 96- year history and increased the chance that Americans would be on the hook for billions of dollars as the central bank began insuring Wall

U.N. committee calls for dumping the U.S. dollar

UNITED NATIONS, July 1 (UPI) -- A U.N. committee is the latest advocate of dumping the U.S. dollar in favor of a replacement currency though it doesn't say -- or know -- which to turn to. The dollar has been challenged as a global currency for a variety of reasons -- from populist grandstanding to polarized political critics of the United States seeking to go separate ways. Former Iraqi President Saddam Hussein opposed the dollar's use for the oil trade and Iran, before the eurozone crisis, wanted the dollar replaced by the European common currency for hydrocarbon transactions. The latest clamor for displacing the dollar as a global currency rose after the 2008 economic downturn which, the U.N. committee said, showed the U.S. currency was ill-equipped to defend international trade. The U.N. Department of Economic and Social Affairs, in a report, called the dollar an unreliable international currency that should be replaced by a more stable system. "The dollar has proved no