- 18 Signs That The Global Economic Crisis Is Accelerating As We Enter The Last Half Of 2014 (Economic Collapse, June 30, 2014):
A lot of people that I talk to these days want to know “when things are going to start happening”. Well, there are certainly some perilous times on the horizon, but all you have to do is open up your eyes and look to see the global economic crisis unfolding. As you will see below, even central bankers are issuing frightening warnings about “dangerous new asset bubbles” and even the World Bank is declaring that “now is the time to prepare” for the next crisis. Most Americans tend to only care about what is happening in the United States, but the truth is that serious economic trouble is erupting in South America, all across Europe and in Asian powerhouses such as China and Japan. And the endless conflicts in the Middle East could erupt into a major regional war at just about any time. We live in a world that is becoming increasingly unstable, and people need to understand that the period of relative stability that we are enjoying right now is extremely vulnerable and will not last long.
The following are 18 signs that the global economic crisis is accelerating as we enter the last half of 2014… Continue reading »
- World Bank warns of food riots as rising food prices push world populations toward revolt (Natural News, May 30, 2014):
A new report issued by the World Bank (1) warns that food prices are skyrocketing globally, with wheat up 18 percent and corn up 12 percent this quarter. Ukraine, one of the largest wheat exporters in the world, has suffered a 73 percent increase in domestic wheat costs. Argentina has seen wheat prices skyrocket 70 percent.
According to the World Bank, these price increases have been caused primarily by three factors: 1) Sharply higher demand for food in China, 2) U.S. drought conditions that hammered wheat production, and 3) unrest in Ukraine due to the near state of war with Russia.
Rising food prices lead to food riots
According to the World Bank, rising food prices have caused 51 food riots in 37 countries since 2007. These include Tunisia, South Africa, Cameroon and India, among other nations. Continue reading »
- 83 Numbers From 2013 That Are Almost Too Crazy To Believe (Economic Collapse, Dec 17,2013):
During 2013, America continued to steadily march down a self-destructive path toward oblivion. As a society, our debt levels are completely and totally out of control. Our financial system has been transformed into the largest casino on the entire planet and our big banks are behaving even more recklessly than they did just before the last financial crisis. We continue to see thousands of businesses and millions of jobs get shipped out of the United States, and the middle class is being absolutely eviscerated. Due to the lack of decent jobs, poverty is absolutely exploding. Government dependence is at an all-time high and crime is rising. Evidence of social and moral decay is seemingly everywhere, and our government appears to be going insane. If we are going to have any hope of solving these problems, the American people need to take a long, hard look in the mirror and finally admit how bad things have actually become. If we all just blindly have faith that “everything is going to be okay”, the consequences of decades of incredibly foolish decisions are going to absolutely blindside us and we will be absolutely devastated by the great crisis that is rapidly approaching. The United States is in a massive amount of trouble, and it is time that we all started facing the truth.
The following are 83 numbers from 2013 that are almost too crazy to believe: Continue reading »
- NSA Spied on World Bank, IMF, UN, Pope, World Leaders, and American Politicians and Military Officers (ZeroHedge, Nov 2, 2013):
It was also alleged that the NSA spied on the Vatican and the Pope.
Congressman Rand Paul asks whether the NSA might be spying on President Obama as well.
Congressman Devin Nunes said in that the Department of Justice was tapping phones in the Congressional cloak room.
Sounds crazy …
But it is well-documented that the NSA was already spying on American Senators more than 40 years ago.
Tags: 1984, Barack Obama, Big Brother, Brazil, Dictatorship, Economy, EU, Europe, Fascism, George Orwell, Germany, Global News, IMF, Japan, Mexico, Military, New World Order, NSA, Obama administration, Politics, U.N., U.S., Vatican, World Bank
Karen Hudes: We’re Running Out of Time! We’re Dealing with Whether We Can Continue as Humanity
- World Bank Whistleblower Karen Hudes Reveals How The Global Elite Rule The World (Economic Collapse, Sep 30, 2013):
Karen Hudes is a graduate of Yale Law School and she worked in the legal department of the World Bank for more than 20 years. In fact, when she was fired for blowing the whistle on corruption inside the World Bank, she held the position of Senior Counsel. She was in a unique position to see exactly how the global elite rule the world, and the information that she is now revealing to the public is absolutely stunning. According to Hudes, the elite use a very tight core of financial institutions and mega-corporations to dominate the planet. The goal is control. They want all of us enslaved to debt, they want all of our governments enslaved to debt, and they want all of our politicians addicted to the huge financial contributions that they funnel into their campaigns. Since the elite also own all of the big media companies, the mainstream media never lets us in on the secret that there is something fundamentally wrong with the way that our system works.Remember, this is not some “conspiracy theorist” that is saying these things. This is a Yale-educated attorney that worked inside the World Bank for more than two decades. The following summary of her credentials comes directly from her website: Continue reading »
Tags: Bank of America, Banking, Barack Obama, Barclays, Ben Bernanke, BIS, CIA, Collapse, Dollar, Economy, Fed, Federal Reserve, Global News, Gold, Goldman Sachs, Government, Jesuits, JPMorgan, Karen Hudes, Middle East, Obama administration, Politics, Russia, Saudi Arabia, Silver, Syria, U.S., Vatican, Whistleblowers, World Bank
- Big Oil’s Central Asian Mafia (Veterans Today, Aug 6, 2013)
(Excerpted from Big Oil & Their Bankers: Chapter 17: Caspian Sea Oil Grab)
According to Kurt Wulff of the oil investment firm McDep Associates, the Four Horsemen, romping in their new Far East pastures, saw asset increases from 1988-1994 as follows: Exxon Mobil- 54%, Chevron Texaco- 74%, Royal Dutch/Shell- 52% and BP Amoco- 54%. Big Oil had more than doubled its collective assets in six short years.
This quantum leap in global power had everything to do withthe takeover of the old Soviet oil patch and the subsequent impoverishment of its birthright owners.
While the Four Horsemen gorged on Russian and Central Asian oil, Wall Street investment bankers were facilitating the oil grab and ripping off the Russian Treasury.
Salomon Smith Barney’s Phibro Energy oil trading subsidiary set up shop in Moscow. Goldman Sachs was hired by Yeltsin to lure foreign capital to Russia. Heading the Russian Goldman Sachs team was Robert Rubin, later Clinton Secretary of Treasury & Citigroup CEO. CS First Boston took a 20% stake in Lukoil, in partnership with BP Amoco. Continue reading »
Tags: 9/11, Afghanistan, Al-Qaeda, Al-Qaida, Banking, Bilderberg, Bill Clinton, BP, Bush administration, CFR, Chechnya, Chevron, China, CIA, Citigroup, cocaine, Columbia, Corruption, Dagestan, Dick Cheney, Drugs, Economy, Exxon, FBI, FSB, George Bush, Georgia, Global News, Goldman Sachs, Government, Halliburton, Harvard, Heroin, India, Kashmir, Kellogg Brown & Root, Kosovo, Lukoil, Manuel Salgado, Mikhail Khodorkovsky, Mikhail Saakashvili, Mossad, NATO, Opium, Osama Bin Laden, Pakistan, Politics, Prostitution, Robert Rubin, Russia, SEC, Shell, Tajikistan, Taliban, Terrorism, U.S., Uzbekistan, Wall Street, World Bank, Yugoslavia, Yukos Oil, Zbigniew Brzezinski
- BRICS Nations Plan New Bank to Bypass World Bank, IMF (Bloomberg, March 26, 2013):
The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
The leaders of the so-called BRICS nations — Brazil, Russia, India, China and South Africa — are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises.
- Incredible Video: Beppe Grillo Dissects the Financial System…in 1998 (Liberty Blitzkrieg, March 9, 2013):
“Whom does the money belong to? Who does its ownership belong to? To the State fine…then to us, we are the State. You know that the State doesn’t exist, it is only a legal entity. WE are the state, then the money is ours…fine. Then let me know one thing. If the money belongs to us…Why…do they lend it to us??”
- Beppe Grillo in 1998
If you really want to know why Beppe Grillo is causing Central Planners throughout the European continent to wet themselves, this video will show you. There’s a real revolution happening in Italy. This guy is the real deal and he understands the heart of the whole issue plaguing the world. All I can say is: WOW.
- “China Accounts For Nearly Half Of World’s New Money Supply” (ZeroHedge, Feb 8, 2013):
When it comes to the creation of money in China, and specifically the asset side of the ledger, or loans, there is much more confusion than consensus, primarily because nobody knows who it is that is creating the money: private or public entities, SOEs, the PBOC, regional banks, shadow banks, or your next door neighbor.Another thing that is largely misreported: what the actual assets pledged as collateral to new loans are. Because while it is well-known that corporate debt in China is now greater as a percentage of GDP than in any other country, the comprehensive picture is still confusing (albeit GMO did a fantastic summary recently of what is known) as reporting standards are still non-existent, and the government flat out lies about its balance sheet.
Yet one very simple shortcut to get a sense of what is truly happening in monetary China is to peek at the liability side of the consolidated balance sheet, and one line in particular, namely deposits. Because unlike in the US, where the vibrant equity Ponzi scheme has rarely been stronger, in China it is still all about the cash and as a result the bulk of the newly created money once again return back to the banking sector in the form of a deposit. Ironically, that is what banking should be about (instead of the entire industry being a glorified hedge fund) although in China even this practice has gone on way too far, and like in Europe, has long passed the point where there is real collateral value backing up the new money created (which explains the emergence of various letters of credit collateralized by copper still not dug out of the ground which reappear every time Chinese inflation spikes above 5%).
So how do deposits look when comparing the US and China? Well, after having less than half the total US deposits back in 2005, China has pumped enough cash into the economy using various public and private conduits to make even Ben Bernanke blush: between January 2005 and January 2013, Chinese bank deposits have soared by a whopping $11 trillion, rising from $4 trillion to $15 trillion! We have no idea what the real Chinese GDP number is but this expansion alone is anywhere between 200 and 300% of the real GDP as it stands now. Continue reading »
Tags: Austria, Banking, Ben Bernanke, Central Bank, China, ECB, Economy, EU, Europe, Fed, Federal Reserve, France, GDP, Germany, Global News, Greece, Ireland, money supply, Politics, Portugal, Spain, World Bank, Yuan
- Market rumor: Pimco and JP Morgan halt vacations to prepare for economic crash (Examiner, June 3, 2012):
On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major ‘Lehman type’ economic crash projected for the coming months. These rumors came on a day when the markets nearly came to capitulation, with the DOW falling more than 274 points, and gold soaring over $63 as traders across the board fled stocks and moved into safer investments.
Todd Harrison tweet: Hearing (not confirmed) @PIMCO asked employees to cancel vacations to have “all hands on deck” for a Lehman-type tail event. Confirm?
Todd M. Schoenberger tweet: @todd_harrison @pimco I heard the same thing, but I also heard the same for “some” at JPM. Heard it today at a hedge fund luncheon.
Todd Harrison is the CEO of the award winning internet media company Minyanville, while Todd Shoenberger is a managing principal at the Blackbay Group, and an adjunct professor of Finance at Cecil College.
Pimco and JP Morgan Chase are not the only financial institutions worried about a potential repeat of the 2008 credit crisis. On May 31, one day before Pinco rumors began to spread around the markets, World Bank President Robert Zoellick issued the same warnings of a potential ‘rerun of the great panic of 2008′. Continue reading »
- As China Buys, Sellers Push Gold Down To 4 Month Lows (ZeroHedge, May 8, 2012):
Gold just lost the $1600 handle for the first time since January 5th and is suffering its biggest one-day loss in over two months as Europe’s meltdown is driving broad liquidations. Are hungry Chinese central bankers more than happy to soak up the precious metal at a discount from levered longs liquidating into the European fiasco?
- “Uncivilized” China Quietly Building Gold Reserves As Gold Imports From HK Soar By 587% In First Quarter (ZeroHedge, May 8, 2012):
A month ago we ended up with the hilarious situation where the US was actively considering releasing petroleum from the Strategic Petroleum Reserve even as China was demonstratively and concurrently adding to its strategic inventory. Now, as the developed world is seeing day after day of gold hammering on amusing flights of fancy that central banks won’t be forced to engage in more and ever bigger rounds of monetary dilution, and where the seller apparently has no regard for getting a “good” price, but merely seeks to crash the bid stack slams various PM prices, we see the same inversion with gold. Because as Bloomberg reports, “Mainland China’s gold imports from Hong Kong surged more than sixfold in the first quarter, to 156 metric tons, adding to signs that the country may displace India as the world’s largest consumer of the precious metal on an annual basis.” And the punchline: “The purchases through Hong Kong may signal that the mainland is accumulating reserves, London-based brokerage Sharps Pixley Ltd. said in February. The nation last made its reserves known more than two years ago, stating them at 1,054 tons.” Yep ladies and gents: the PBOC is very grateful that it can add hundreds of tons of gold to its reserve holdings in a stealthy operation which it will announce only after its conclusion, at which point, like true 13F chasing lemmings, retail will send gold soaring. But in the meantime, dear hedge funds worried about your margin calls and 1 month performance reports, please proceed calmly along with the lemming herd, and keep pushing gold lower and cheaper for our new Chinese overlords, and for everyone else who, without P&L timing constraints, takes delight in such brief arbitrage opportunities.
Imports from Hong Kong were 135,529 kilograms (135.53 metric tons) between January and March, from 19,729 kilograms in the year-earlier period, according to data from the Census and Statistics Department of the Hong Kong government. Shipments in March rose 59 percent from February, yesterday’s data showed.
This is the ‘Greatest Depression’!
- As Europe Goes (Deep In Recession), So Does Half The World’s Trade (ZeroHedge, Jan. 30, 2012):
Following the Fed’s somewhat downbeat perspective on growth, confidence in investors’ minds that the US can decouple has been temporarily jilted back to reality. It is of course no surprise and as the World Bank points out half of the world’s approximately $15 trillion trade in goods and services involves Europe. So the next time some talking head uses the word decoupling (ignoring 8.5 sigma Dallas Fed prints for the statistical folly that they are), perhaps pointing them to the facts of explicit (US-Europe) and implicit (Europe-Asia-US) trade flow impact of a deepening European recession/depression will reign in their exuberance.
From The World Bank: Golden Growth
An increasingly vigorous flow of goods, services, and finance over the last five decades has fueled European growth. Europe’s economies are the most open in the world. Before the global crisis of 2008–09, half of the world’s approximately $15 trillion trade in goods and services involved Europe (figure 2). Two-thirds of it was among the 45 countries discussed in this report. Financial flows have been equally vigorous. In 2007, for example, annual FDI in Europe exceeded $1 trillion. Big and growing trade and financial links facilitated by the single market form the core of the European convergence machine.
YouTube Added: 29.11.2011
YouTube Added: 29.11.2011
On the Tuesday, November 29 edition of the Alex Jones Show, Alex talks about moves by the globalists to attack Syria as France trains “rebels” in Turkey and the Russians deny they have dispatched war ships to guard their interests in the Middle Eastern country. Historian and author Webster Tarpley talks with Alex about Syria, Iran and Pakistan.
Tags: Banking, Barack Obama, Bonds, cds, CIA, Colin Powell, David Petraeus, Debt, Derivatives, Derivatives market, Dictatorship, Economy, EU, Europe, Fitch, Global News, Government, IMF, Iran, Iraq, Military, Moody's, NATO, New World Order, Nuclear, Nuclear weapons, Obama administration, Pakistan, Politics, Russia, Society, Standard & Poor's, Submarines, Syria, U.S., Webster Tarpley, World Bank, WWW III
For your information.
The elitists vs. the people.
YouTube Added: 13.11.2011
For more information: Thrive
Tags: 9/11, Adolf Hitler, Agriculture, Alan Greenspan, Amy Goodman, Assassination, Banking, Big Brother, Big Pharma, Bilderberg, BIS, Canada, Cancer, Catherine Austin Fitts, CCTV, CFR, Chemtrails, CIA, Congress, Corporations, Council on Foreign Relations, David Icke, Debt, Deepak Chopra, Derivatives, Derivatives market, DHS, Dictatorship, Documentary, Dollar, ECB, Economy, Energy, Environment, EU, Europe, False flag, Fascism, Fed, Federal Reserve, FEMA, FEMA Camps, Financial Crisis, Food, Free Energy, Freedom, Freemasonry, G Edward Griffin, General Electric, Genetically Modified Organisms, Genocide, George Bush, George H. W. Bush, Global News, GMO, Gordon Brown, Government, Gulf of Tonkin, HAARP, Halliburton, Health, Henry Kissinger, Herman Van Rompuy, Homeland Security, Illuminati, IMF, infertility, Inflation, Inside job, Internet, Iraq, Jean-Claude Trichet, John Perkins, Journalism, JPMorgan, Law, Ludwig von Mises, Manhattan Project, Mexico, MI5, Microchip, Military, Money, Mortgage crisis, Mortgages, Nazi Germany, Nazis, New World Order, Nicola Tesla, Oil, Patriot Act, Pesticides, Pharmaceutical Industry, Police State, Politics, Pope Benedict XVI, Privacy, Procter & Gamble, Quantitative Easing, RFID, Rockefeller, Rothschild, Royal Rife, Saddam Hussein, Science, Seeds, Society, steril, Sterilization, Steven Greer, Surveillance, Technology, Terrorism, Terrorists, Thrive, Timothy Geithner, Trilateral Commission, U.N., UFO, Vaccination, Vaccine, Wall Street, War, War on Terror, Water, WHO, World Bank, WTC, WTO, WW II, Zionism
- The Elite Plan for a New World Social Order (Global Research, Oct. 28, 2011):
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.
Tags: 1984, Afghanistan, Banking, Big Brother, Bill of Rights, Constitution, Dictatorship, Economy, EU, Europe, Fascism, Freedom, George Orwell, Global News, Government, IMF, Iraq, Law, Military, Mind-Control, New World Order, Police State, Politics, Society, U.K., U.S., World Bank, WTO
YouTube Added: 31.05.2011
THE FORMER PRESIDENT OF THE WORLD BANK, JAMES WOLFENSOHN, MAKES STUNNING CONFESSIONS AS HE ADDRESSES GRADUATE STUDENTS AT STANFORD UNIVERSITY. HE REVEALS THE INSIDE HAND OF WORLD DOMINATION FROM PAST, TO THE PRESENT AND INTO THE FUTURE. THE SPEECH WAS MAS MADE JANUARY 11TH, 2010. THE NEXT 19 MINUTES MAY OPEN YOUR MIND TO A VERY DELIBERATE WORLD.
HE TELLS THE GRAD STUDENTS WHAT’S COMING, A “TECTONIC SHIFT” IN WEALTH FROM THE WEST TO THE EAST. BUT HE DOESN’T TELL THE STUDENTS THAT IT IS HIS INSTITUTION, THE WORLD BANK, THAT’S DIRECTING AND CHANNELING THESE CHANGES.
WOLFENSOHN’S OWN INVESTMENT FIRM IS IN CHINA, POISED TO PROFIT FROM THIS “IMMINENT SHIFT” IN GLOBAL WEALTH.
More FKN NEWZ:
Books from John Perkins:
- Weltmacht ohne Skrupel: Die dunkle Seite der Globalisierung – Wie die USA systematisch Entwicklungsländer ausbeuten
- Hoodwinked: An Economic Hit Man Reveals Why the World Financial Markets Imploded–and What We Need to Do to Remake Them
The book “Confessions of an Economic Hit Man” by John Perkins is easily one of the most engrossing pieces of non-fiction one can read to learn about the true drivers behind globalization, espionage, corporate cronyism, the emergence of such “artificial” organizations as the World Bank and the IMF, and most importantly, debt “enslavement”, all as seen from an insider’s view.
It explains in simple words why over the past 40 years the developing world paradigm has been exploited as heavily as it has, why the BRIC concept was instrumental as a Red Herring to perpetuating the myth of endless growth, and why credit must always flow no matter what to keep the status quo in power.
For those who have read the book, and for those who are on the fence about reading it, below we present the three part presentation by John Perkins at the 2006 Veterans for Peace National Convention in which he expounds on all the key ideas in his book, and does an extended Q&A covering topics not discussed previously.
We urge everyone to spend at least a few minutes listening to Perkins who gives a unique and non-conflicted expert opinion on the primary force for why the the modern equivalent of enslavement is not by force, but by debt.
Part 1 of 3:
Part 2 of 3:
Part 3 of 3:
And for the truly time-constrained we recommend the following blurb which encapsulates the key elements from the book, and Perkins’ life:
Submitted by Tyler Durden on 05/20/2011 17:03 -0400
Libya: It’s Not About Oil, It’s About Currency and Loans
- World Bank’s Zoellick: Hopes Bank Will Have Role In Libya (Dow Jones):
April 26, 2011 – WASHINGTON -(Dow Jones)- World Bank President Robert Zoellick Thursday said he hopes the institution will have a role rebuilding Libya as it emerges from current unrest.
Zoellick at a panel discussion noted the bank’s early role in the reconstruction of France, Japan and other nations after World War II.
“Reconstruction now means (Ivory Coast), it means southern Sudan, it means Liberia, it means Sri Lanka, I hope it will mean Libya,” Zoellick said.
On Ivory Coast, Zoellick said he hoped that within “a couple weeks” the bank would move forward with “some hundred millions of dollars of emergency support.”
We listen to U.S. spokespeople try to explain why we’re suddenly now entangled in another Middle East war. Many of us find ourselves questioning the official justifications. We are aware that the true causes of our engagement are rarely discussed in the media or by our government.
While many of the rationalizations describe resources, especially oil, as the reasons why we should be in that country, there are also an increasing number of dissenting voices. For the most part, these revolve around Libya’s financial relationship with the World Bank, International Monetary Fund (IMF), the Bank for International Settlements (BIS), and multinational corporations.
Tags: Barack Obama, Economy, Global News, Government, IMF, John Perkins, Libya, Middle East, Military, Muammar Gaddafi, NATO, New World Order, Obama administration, Politics, Robert Zoellick, Rothschild, Society, U.S., World Bank
Exactly as planned by the elitists.
Apr. 17 (Bloomberg) — World Bank President Robert Zoellick said the global economy is “one shock away” from a crisis in food supplies and prices.
Zoellick estimated 44 million people have fallen into poverty due to rising food prices in the past year, and a 10 percent increase in the food price index would send 10 million more people into poverty. The United Nations FAO Food Price index jumped 25 percent last year, the second-steepest increase since at least 1991, and surged to a record in February.
Food price inflation is “the biggest threat today to the world’s poor,” Zoellick said at a press conference following meetings of the World Bank and the International Monetary Fund. “We are one shock away from a full-blown crisis.”
“For most commodities, stocks are relatively low,” he said. “You have one other weather event in some of these areas and you really take a danger zone and start to push people over the edge.”
The world’s most (in)famous hacker group – Anonymous – known for effectively shutting down their hacking nemesis security firm (with clients such as Morgan Stanley and, unfortunately for them, Bank of America)- HBGary, advocating the cause of Wikileaks, and the threat made by one of its members that evidence of fraud by Bank of America will be released on Monday, has just launched communication #1 in its Operation “Empire State Rebellion.”
The goal - engage in “a relentless campaign of non-violent, peaceful, civil disobedience” until Ben Bernanke steps down and the “Primary Dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy effective immediately.”
The Anonymous manifesto:
- We are a decentralized non-violent resistance movement, which seeks to restore the rule of law and fight back against the organized criminal class.
- One-tenth of one percent of the population has consolidated wealth in unprecedented fashion and launched an all-out economic war against 99.9% of the population.
- We are not affiliated with either wing of the two-party oligarchy. We seek an end to the corrupted two-party system by ending the campaign finance and lobbying racket.
- Above all, we aim to break up the global banking cartel centered at the Federal Reserve, International Monetary Fund, Bank of International Settlement and World Bank.
- We demand that the primary dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy, effective immediately.
- As a first sign of good faith we demand Ben Bernanke step down as Federal Reserve chairman.
- Until our demands are met and a rule of law is restored, we will engage in a relentless campaign of non-violent, peaceful, civil disobedience.
- In our next communication we will announce Operation Empire State Rebellion.
Tags: Anonymous, Banking, Barack Obama, Ben Bernanke, BIS, Economy, Fed, Federal Reserve, Global News, Good News, Government, hacking, IMF, Obama administration, Operation Empire State Rebellion, Politics, Society, U.S., World Bank
LONDON (Reuters) – World Bank chief Robert Zoellick urged big economies on Friday to modernise the global monetary system to be able to handle multiple major currencies.
In a guest column for the Financial Times, Zoellick said China’s yuan should be given a bigger role within a restructured system, echoing remarks made last week by the head of the International Monetary Fund, Dominique Strauss-Kahn.
Many officials support the idea in principle of the yuan becoming part of the Special Drawing Rights (SDR), a basket of currencies administered by the IMF, but say that is unlikely to happen unless it becomes fully convertible.
“The U.S. dollar will remain the predominant reserve currency (ROFL!), but over time the world economy will need to manage a system of multiple major currencies,” Zoellick wrote ahead of Friday’s meeting in Paris of finance chiefs from the Group of 20 rich and developing nations.
We give Robert Zoellick 4 to 6 weeks before he follows Axel Weber, Kevin Warsh and the COO of one of the bankrupt GSEs (we forget his name) into the sunset. The reason? After breaking ranks with the Criminal Bank Cartel last year and calling for a return to the gold standard, the president of the World Bank has dared to be the first among the institutional elite to point out that the cotton in the emperor’s clothes, were he to be clothed in the first place, would have surged by 100% in less than a year.
According to AP: “World Bank President Robert Zoellick says global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries.”
Not to worry. According to Fed VP Christine Cumming who spoke earlier somewhere, rising commodity costs merely indicate “stronger global demand.” Oddly enough, it is this supposed demand for products that has forced 44 million people to enter “extreme poverty”… out of their own volition. We are not sure, but something tells us the Fed’s Cumming has a Ph.D.
The bank says in a new report that global food prices have jumped 29 percent in the past year, and are just 3 percent below the all-time peak hit in 2008. Zoellick says the rising prices have hit people hardest in the developing world because they spend as much as half their income on food.
The World Bank estimates higher prices for corn, wheat and oil have pushed 44 million people into extreme poverty since last June.
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Added: 3. February 2011
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Added: 3. February 2011
Tags: Alex Jones, Bailout, Banking, Barack Obama, Bush administration, Corporations, Depression, Derivatives, Derivatives market, Economy, Egypt, Energy, Facebook, Global News, Goldman Sachs, Government, IRS, JPMorgan, Lobbyists, Middle Class, New World Order, Nomi Prins, Obama administration, Pension, Politics, Stock Market, Taxes, Taxpayers, U.S., Unemployment, Wall Street, World Bank
“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.”
- John Adams
Once your fate depends on the elite mafia you are doomed.
The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.
The flooding crisis has weakened an economy already struggling to cope with its heavy financial burden. Omar Waraich reports from Islamabad
Pakistan’s already creaky economy has been pushed to the verge of ruin by the devastating floods of the past month.
With foreign aid only now beginning to trickle in, the impoverished country has been forced to take out further loans while pleading for outstanding ones to be restructured.
Already burdened by heavy debt, the country’s economy has suffered a major setback. Funds will have to be poured into reconstruction efforts while many sectors of the economy, especially agriculture, will suffer losses for up to several months, if not years. So far, the floods have covered a fifth of the country, cost at least 1,600 lives, displaced 4.6 million people, destroyed roads, bridges and schools, damaged power stations and dams, and swamped millions of acres of agricultural land.
About 150,000 Pakistanis were forced to move to higher ground yesterday as water from a freshly swollen Indus River submerged dozens more towns and villages in the south. Officials expect the floods to recede across the country in the next few days as the last river torrents empty into the Arabian Sea. Survivors may find little left when they return home. Already, 600,000 people are in relief camps set up in Sindh during the past month. The floods have affected about one-fifth of Pakistan’s territory; at least six million people have been made homeless, and 20 million affected overall.
A top-level delegation from Pakistan’s Finance Ministry will travel to Washington this week to ask the International Monetary Fund to ease the restrictions imposed on its $11.3bn (£7.3bn) support package. Before the floods, Pakistan was struggling to meet the fund’s requirements. Meeting those conditions now will be impossible.
Some officials estimate that the cost of rebuilding infrastructure could be $15bn, money that Islamabad simply doesn’t have. As of July, Pakistan had a debt of $55.5bn. That figure will jump to $73bn in 2015-16, as debts that were rescheduled after 9/11, in exchange for Pakistan’s co-operation in the “war on terror”, will come back into play.
A displaced family wades through floodwaters in the Muzaffargarh district of Pakistan’s Punjab province. The lives of 20 million people have been disrupted by the worst floods to hit the country (REUTERS)
The world Bank has offered a $900m (£577m) loan to Pakistan to help with the country’s flood recovery programme.
As aid donations to the beleaguered nation fall short of what is needed, the body said that funds would be diverted from ongoing and planned projects in the country. “We are re-prioritising to make the funds immediately available,” said spokeswoman Mariam Altaf.
With widespread destruction of roads, bridges and other vital infrastructure, experts say that rebuilding could take many years and cost billions to complete. There are concerns that millions of people will need food aid, emergency shelter and medicine for weeks, if not months, to come. While the lives of an estimated 20 million people have been disrupted by the floods, agencies say that food and clean water have only so far been provided to 500,000. Anywhere between 3.5 million to 6 million children are said to be at risk from water-borne diseases. Continue reading »
Richard C. Cook (born October 20, 1946) is a former U.S. federal government analyst, who was instrumental in exposing White House cover-ups regarding the Space Shuttle Challenger disaster of 1986. As a witness to the incident and a participant in the subsequent investigations, Cook provided key document to The New York Times and testified before the Rogers Commission. In 1990, he received the Cavallo Foundation Award for Moral Courage in Business and Government for his testimony. In 2007, his memoirs of the tragedy were published in a book entitled, Challenger Revealed: An Insider’s Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age. (Wikipedia)
The world is indeed changing, in ways different from what the imperialists have planned. They may try to wreck the world to prevent these changes, but it won’t work. As Steiner and other prophetic thinkers made clear, at-one-ment is here and now. Nothing else in fact has ever really existed.
Rudolf Steiner (1861-1925) was an Austrian philosopher and esotericist and founder of one of the key modern spiritual movements in the West. He is best known for his books and lectures before and after World War I, when he founded the Anthroposophical Society with its present-day headquarters in Dornach, Switzerland. After World War I, Steiner and his work were criticized viciously by right-wing nationalists in Germany, which caused him to give up his residence in Berlin. Among the critics was Adolf Hitler, who attacked him in print as a traitor to Germany for his efforts to promote peace.
The work of prophetic thinkers like Rudolf Steiner makes clear that the history of humanity proceeds through the evolution of consciousness, where changes take place in the psyche of people well in advance of their outward manifestations. Thus an understanding of what is happening before our eyes is never simple, nor can it be taken at face value. Discernment requires a level of knowledge that can only be achieved through study and insight.
But only an approach that penetrates deeply into human nature allows us to see the real inner causes of events. Such causes can be positive or negative, constructive or destructive. It is the genius and dilemma of man that we can choose which influences we serve. As Steiner prophesied almost a century ago, we appear today to be at a pivotal point where how we make such choices can determine the fate of the world.
“When the people find they can vote themselves money, that will herald the end of the republic.”
- Benjamin Franklin
Added: 22. October 2009
Fall Of The Republic documents how an offshore corporate cartel is bankrupting the US economy by design. Leaders are now declaring that world government has arrived and that the dollar will be replaced by a new global currency.
President Obama has brazenly violated Article 1 Section 9 of the US Constitution by seating himself at the head of United Nations’ Security Council, thus becoming the first US president to chair the world body.
A scientific dictatorship is in its final stages of completion, and laws protecting basic human rights are being abolished worldwide; an iron curtain of high-tech tyranny is now descending over the planet.
A worldwide regime controlled by an unelected corporate elite is implementing a planetary carbon tax system that will dominate all human activity and establish a system of neo-feudal slavery.
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The World Bank is close to ‘running out of money’, its president, Robert Zoellick, has disclosed.
The Bank, whose job it is to support low-income countries, has had to hand out so much cash in the wake of the financial crisis that it faces a shortfall in what it can spare for new projects within 12 months.
“By the middle of next year we will face serious constraints,” said its president Robert Zoellick, as he launched a major campaign to persuade rich nations to pour more money into the Washington-based institution.
He conceded that such a task was likely to be extremely difficult, given the difficulties facing countries in the wake of the developed world’s biggest recession since the Second World War.