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Bankster Power Grab - Historical Perspective
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Bankster Power Grab - Historical Perspective

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Bankster Power Grab - Historical Perspective

Articles by Michael Hudson are always worth reading. Here's one with his take on the European sovereign debt crisis, then and now.

Rolling Back the Progressive Era | Michael Hudson

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Zondor View Post
Articles by Michael Hudson are always worth reading. Here's one with his take on the European sovereign debt crisis, then and now.

Rolling Back the Progressive Era | Michael Hudson


Great article. Thanks for posting.

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Appreciate the Hudson link zondor.



and this is what Mr Farage thinks of the EU



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Seems the recent issues with the IMF and ECB are so far with countries that have something they might want to gain or retain control over (ie: natural resources).

Iceland refused to succumb but Ireland did.

The Crash, The Bailout And The Theft Of Ireland?s Resources | Machholz's Blog

IRELAND: SITTING ON A FORTUNE; EXCLUSIVE EUR5trillion Oil Field Could Defeat Recession but Gloom Grows – Royal Dutch Shell plc .com

BBC News | SCI/TECH | Iceland launches energy revolution

How much better off will Greece be if a Mr Rossi's idea is valid; and who would prefer it didn't happen.
http://pesn.com/2011/06/17/9501849_Defkalion_Announces_Energy_Catalyzer_Press_Conference/

http://www.freeenergytimes.com/2011/03/18/defkalion-green-technologies-preparing...cardi-energy-catalyzers/

Interest paid on principle that never existed in the first place...

German Central Bank Admits that Credit is Created Out of Thin Air → Washington's Blog

How two banksters led Europe to ruin | Reflections on a Revolution ROAR

IMF threatening Germany..!! what is going on.

Hardline IMF forced Germany to guarantee Greek bailout | Business | The Guardian

In who's interest is the interest.

Greece pays a heavy price as eurozone strives to protect its reckless banks | Business | The Observer

..

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It's easy to be lured into posting a blow by blow account of things, which is not my intention but I'm finding things quite interesting at this juncture.

I appreciate these links are from UK main media, which some need to be taken with a pinch of salt, but those not from the UK may find them of interest.

This is, imo, a Paulson moment.
If we recall the summoning to a boardroom to announce the collapse of the world unless Congress approved $700Billion by Monday morning, except now we have the Director and Managing Director of the IMF playing the Paulson role.
Who elected these people ?
And who really gained from all that...?
(Btw Managing Director and Director are interesting titles!)

It appears to have gone unnoticed that focus has been shifted from what were bank failures to a necessity to cut governments deficits.
Correct me if I'm mistaken here, but aren't the deficits a result of the banks failures because banks have now made governments responsible for their (the banks) debts by bailing them out!

The IMF mostly "funded" dictator states (John Pilger documentaries explain very well).
Lately we see how the IMF considers "democracies" a more secure debtor.(re: Zondors link to Hudson)
Makes we wonder if all these "spring uprisings" aren't asking for exactly what the banks want them to have !

I digress.
My point was to consider how easily our focus has been shifted.

Some interesting comments in this link from this weekends press:
"The difference in opinions over the Greek debt crisis between Angela Merkel and Nicolas Sarkozy may well be explained by the fact the French banking system is at more immediate risk from any meltdown than its German counterpart."

No say, really!!
But do they explain WHY !

And China ...?!
"Beijing weighed in with a promise of help.It said it had a vital interest in countries across Europe overcoming their debt woes and was increasing its holdings of euro debt, but gave no figures or time frame."

Greece bailout: IMF chief warns Greek crisis threatens global economy | Mail Online

And IMF warnings to the US;
IMF warns US, eurozone deficits a threat to stability - Telegraph

So the US and EU are being "warned" by the IMF to do what exactly ?
Impose austerity on your population so you can meet the interest payments on the loans the IMF made (out of thin air) to you so you could bail out the banks for losing money (they created out of thin air).

Or what ?
They pull the plug on banking per say for the markets and the man on the street.
No cash machines working, no funds clearing etc..etc..
The world will fall in, in other words which, I agree would not be pretty, for a time, but what we appear to be in is a process of wealth transference of a scale never before seen.


It seems like blackmail in short and a little arrogant.

We are still subject to their "in house" rating agencies and upping the fear pressure by adding another nation on the list when it suites them:
Moody's threat to downgrade Italian debt raises eurozone contagion fears - Telegraph

Would the world really fall in if populations decided they didn't want to play this game any more, (which it appears the Icelanders decided and the Greeks and to an increasing extent the Spanish are saying) or would the banks world fall in.
http://www.independent.co.uk/opinion/commentators/jason-manolopoulos-you-can-bla...eir-leaders-2299318.html

http://www.telegraph.co.uk/finance/financialcrisis/8584442/UK-banks-abandon-eurozone-over-Greek-default-fears.html

All the while the banks are actually betting on who will default first in order to make money!
This is insane....

The banking oligarchs appear to want to create chaos via outrage, which is another topic altogether.

rant over...

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Last edited by zt379; June 19th, 2011 at 07:08 PM.
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Lets not forget, which most are no doubt aware of, this is all about paying interest on a principle that never existed in the first place;

http://www.thecactusland.com/2011/05/moral-hazard-of-modern-banking-how.html

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Correct me if I'm mistaken here, but aren't the deficits a result of the banks failures because banks have now made governments responsible for their (the banks) debts by bailing them out!

Ding. We have a winner. Yes - there are articles on how banks committed muni bond fraud too. Depositions Stayed In SEC's Muni Bond Fraud Suit - Law360 JPMorgan, Bank Of America Municipal Bond Scam May Be 'Tip of theIceberg' - Home - The Daily Bail So at the center of the rot is bank malfeasance, but the tactic is to play up the emotional hot-button issues as a distraction - sort of like pointing to some other guy while you steal the cash register. If more hot-button topics like religion and gays in the military could be conflated into it, I'm sure the bankers would....

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Ding. We have a winner. Yes - there are articles on how banks committed muni bond fraud too. Depositions Stayed In SEC's Muni Bond Fraud Suit - Law360 JPMorgan, Bank Of America Municipal Bond Scam May Be 'Tip of theIceberg' - Home - The Daily Bail So at the center of the rot is bank malfeasance, but the tactic is to play up the emotional hot-button issues as a distraction - sort of like pointing to some other guy while you steal the cash register. If more hot-button topics like religion and gays in the military could be conflated into it, I'm sure the bankers would....

In a "global" world it's difficult to take on board so many things from so many places.
Thanks for the William Black link Tarkus 11.
He did a good presentation on rating agencies role:

Dr. William K. Black: The Great American BankRobbery - Home - The Daily Bail

My frustration is at the obvious extent of the malfeasance, the lack of accountability, but more so at how
easily the populace from where I'm from at least, is taken in by the divergence and spin.
Its a though they are sleep walking.

It's astounding how often I here people say things like "oh well we must all tighten our belts now".

Apologies for seeming somewhat crass.
I've been more than aware for some time of the confidence trick, for the sake of a better phrase, that we all live under.
The speed and amount of information has, it seems, created some kind of memory lapse that makes it difficult to see what is essentially the same blue print being played out over and again.

The outcome, each time, seems to be a more centralized control of fewer and fewer players.
Created crises for an intended solution with fewer a fewer alternatives.

As Janice Joplin once said "I think too much, that's why I drink.."

.

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And yet more proof that Big Bankers are your friends...

wall-street-gets-eyed-metal-squeeze-wsj: Personal Finance News from Yahoo! Finance

"Goldman Sachs Group Inc. and other owners of large metals warehouses are being scrutinized by the London Metal Exchange after being accused by users like Coca-Cola Co. of restricting the amount of metal they release to customers, inflating prices."

This would probably be labeled "conspiracy theory" if Coca-Cola Co wasn't involved.

It looks like the banks are trying to levy their own personal tax on just about everything. Seeing as how they get the government to pay for their bad gambling bets (by squeezing the citizens), I guess it's not that different an approach.

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A Greek comments on Greece:

Democracy vs Mythology: the Battle in Syntagma Square | Reflections on a Revolution ROAR

Some pictures from Spain:

Photo gallery: historic 19-J protests shake Spain | Reflections on a Revolution ROAR

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