May 10

Guess who will pay for this bailout? That’s right. You will pay for it all.

See also:

Federal Reserve Opens Line Of Credit To Europe (AP)

Stephen Pope of Cantor Fitzgerald on ECB buying government bonds: ‘This is total, undiluted quantitative easing.’ (Forbes)

ECB Resorts to ‘Nuclear Option,’ Intervenes in Bond Market to Fight Euro Crisis (Bloomberg)


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So Europe announced its gigantic bailout last night, consisting of a fund worth nearly $1 trillion, alongside ECB quantitative easing.

Stocks are going nuts. Dow futures are up nearly 400 points.

But the real winning market is the CAC-40, the French index. It’s up 9%. That’s because French banks were among the most exposed to Greece, and now they just got their butts saved.


French banks represent over 25% of claims. That’s why the CAC-40 is up 9%.

french-banks-represent-over-25-of-claims-thats-why-the-cac-40-is-up-9

Banks: Swiss banks represent over 20% of claims

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German banks represent close to 15% of claims. Germany’s market is rallying big.

german-banks-represent-close-to-15-of-claims-germanys-market-is-rallying-big

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Sep 11

Obama sold out the US taxpayer to greedy Wall Street banksters.

He sold out the US taxpayer to the military-industrial complex by escalating the war in Afghanistan and not bringing the troops home.

He sold out the US taxpayer by breaking every major promise he made during his campaign, continuing with Bush’s policies.

Now he plans to sell out the US taxpayer to the insurance and pharmaceutical companies.

At least he is consistent with destroying America every time he gets a chance to do so, like – or even worse than – G. W. Bush.

‘Obamanomics’ and now also ‘Obamacare’ will be a complete disaster for the American people.


Congressman Dennis Kucinich Responds To Obama’s Address To Congress

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Aug 23

More on Blackwater (now XE):
CIA hired Blackwater mercenaries to try to hit al-Qaeda
“Incestuous” relationships between Blackwater and the US government
Blackwater got a new $22.2 million deal from the State Department
Paul Craig Roberts: Americans: Serfs Ruled by Oligarchs


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Mar 30

“The Fed would have the authority to go wherever in the system it thinks it needs to go for a deeper look to preserve stability,” Mr. Paulson said in the advance text of Monday’s speech. “To do this effectively, it will collect information from commercial banks, investment banks, insurance companies, hedge funds, commodity pool operators.”
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WASHINGTON – The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.

The proposal is part of a sweeping blueprint to overhaul the nation’s hodgepodge of financial regulatory agencies, which many experts say failed to recognize rampant excesses in mortgage lending until after they set off what is now the worst financial calamity in decades. Continue reading »

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