According to the mainstream media, the talking heads and Govbots, we're just on the vergeof "recovery"...
This is a lie of the most grievous sort.
As the distractions and deflections continue day to day, we're being driven to destruction... and most will *again* be caught unaware and helpless.
The intentional destruction and transformation of life as we've known it is underway with gusto... we're being driven over a cliff... and our time is up.
PROTECT YOURSELVES.
Scrump
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The Articles
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People Of Earth: Prepare For Economic Disaster
March 5, 2011
It is not just the United States that is headed for an economic collapse.
The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe.
The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst.
In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly.
Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food.
But now the price of oil and the price of food are both increasing dramatically.
According to the United Nations, the global price of food has risen for 8 consecutive months [link to www.dailymail.co.uk]
Last month, the global price of food set a brand new all-time record high [link to www.dailymail.co.uk]
Many are starting to fear that we could actually be in the early stages of a major global food crisis.
The price of just about every major agricultural commodity has been absolutely soaring during the past year....
*The price of corn has doubled [link to www.usatoday.com] over the last six months.
*The price of wheat has more than doubled [link to www.investors.com] over the past year.
*The price of soybeans is up about 50% [link to endoftheamericandream.com] since last June.
*The price of cotton has more than doubled [link to www.usatoday.com] over the past year.
*The commodity price of orange juice has doubled [link to www.thedaily.com] since 2009.
*The price of sugar is the highest it has been in 30 years [link to timesofindia.indiatimes.com]
Unfortunately, the production of food in most countries around the world is very highly dependent on oil, so as oil goes up in price this is going to make the food crisis even worse.
So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents?
How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent?
Hold on to your hats folks...
[link to theeconomiccollapseblog.com]
Davos 2011: World leaders warn on rising food prices
27 January 2011 Last updated at 12:52
World leaders have warned that rising food prices could lead to social unrest and even "economic war".
Indonesian President Susilo Bambang Yudhoyono said that with the world population rising, "the race for scarce resources" could lead to conflict...
[link to www.bbc.co.uk]
Grocery Bills Are on the Rise
Nomura Predicts $220 Oil If Just Libya, Algeria Cut Output
Submitted by Tyler Durden on 02/23/2011 10:30 -0400
Waiting for a Saudi revolution before buying those $200 oil calls?
It may be time to reevaluate: according to Nomura a halt in just Libyan and Algerian oil production (far more likely than the crisis spilling over to Saudi) would send oil to over $220/bbl.
Specifically "the closest comparison to the current MENA unrest is the 1990-91 Gulf War. If Libya and Algeria were to halt oil production together, prices could peak above US$220/bbl and OPEC spare capacity will be reduced to 2.1mmbbl/d, similar to levels seen during the Gulf war and when prices hit US$147/bbl in 2008."
Wouldn't a doubling in price lead to a major demand plunge as well? Yes it would "This could also result in a temporary demand destruction of some 2.0mmbbl/d globally." Also, since the Fed's free money was not flooding global market last time, $220 is just a lowball estimate: "We could be underestimating this as speculative activities were largely not present in 1990-91"...
[link to www.zerohedge.com]
Gov. Perry: $100 a Barrel Oil? Think about $200, $300
Posted by: Carter Wood under Energy on February 25, 2011 @ 12:49 pm
The uncertain situation in the Middle East could send world oil prices to $200 or $300 a barrel even as the Obama Administration fails to promote domestic energy development, Gov. Rick Perry (R-TX) warned today.
In light of oil crossing the $100 a barrel price this week, we asked about the Obama Administration’s policies and attitudes toward development of domestic energy. The governor responded:
"Putting America’s future at jeopardy by basically hand-cuffing ourselves because of our lack of focus on domestic energy policy I think is devastating to the future. You said hundred-plus-dollar-a-barrel oil.
Yes. That’s today.
It certainly could go to $200 or even $300 a barrel if the situations in the Middle East – Libya, into Syria, Jordan, Iraq, Iran, Saudi Arabia, Yemen all of those countries – if we’re to see continued deterioration of peaceful conducting of business in the drilling and transportation of oil….
I don’t think it’s out of the reach of possibility to see oil even twice or three times what it is today –- devastating to the world economy...
[link to shopfloor.org]
This Middle East Meltdown Will Send Oil to $300 a Barrel – and Pump Prices to $9.57 a Gallon
MARCH 2, 2011
BY MARTIN HUTCHINSON, Contributing Editor, Money Morning
The unrest in the Middle East oil patch is roiling the global oil markets on an almost daily basis.
The events in Egypt, Libya, Saudi Arabia, Oman and other countries are also forcing us to ask that long-dreaded question: What happens if the countries throughout the Middle East region fall to radical governments?
The answer is both stunning and surprising.
In an absolute worst-case scenario - if the entire Middle East falls under radical control - we could be looking at $300-a-barrel oil and pump prices of $9.57 a gallon...
[link to moneymorning.com]
Baltic Dry Index Set for a Big Fall?
Written by Bruce Krasting Friday, 28 January 2011 15:34
A friend calls from Athens this morning moaning and groaning about the sorry state of the shipping industry. I ask, “What’s new that makes you so grumpy?” He points me to this story concerning the bankruptcy of a Korean shipping company called Korean Lines (“KL”) .
My friend made the following points on this development:
- KL owns about 30 ships and manages another 120. As a result of the chapter filing almost all of these ships are coming back onto the spot market. The KL financial status was known by many insiders (bankers/brokers/shippers). This was a contributing factor in the big run off of the Baltic Dry index recently.
- Spot shipping rates have nowhere to go but down as a result.
- The Chinese ship construction schedule will bring many new ships into service this year. This will depress rates further. Cargo ship asset values are falling.
- Some banks will take big losses. Other shipping companies like KL are now on the edge.
- The dry bulk cargo industry has crossed (once again) from boom to bust.
This is just one man’s opinion. He happens to own a dozen vessels...
Source: [link to brucekrasting.blogspot.com]
[link to oilprice.com]
P.M. Kitco Metals Roundup: Comex Gold Ends Firmer; Traders Discuss PIMCO's Dumping of U.S. Bonds
09 March 2011, 02:14 p.m.
By Jim Wyckoff Of Kitco News
(Kitco News) - Comex gold futures prices ended firmer and near mid-range Wednesday. Precious metals traders were digesting and debating the reported move by the "bond king" PIMCO to dump its holdings of U.S. Treasury securities...
[link to www.kitco.com]
US DOLLAR very close to an accelerating decline
Wednesday, April 20, 2011
There is only one way to describe what is occuring to the US Dollar; its future as the global reserve currency is in serious danger of disappearing forever.
Under the "leadership" of the US Federal Reserve, and thanks also to the reckless and incredibly short-sighted spending occuring at the Federal level, the Dollar has run out of friends...
Treasury Hopes To Auction Off $99 Billion In Bonds Next Week... But Can It?
Submitted by Tyler Durden on 04/21/2011 10:34 -0400
Earlier today, the Treasury announced its auction schedule for next week consisting of $99 billion in new bond issuance [link to www.treasurydirect.gov] (2 Year, 5 Year, and 7 Year).
There may be a slight problem with that actually being legally allowed. Here's why...
As we reported previously [link to www.zerohedge.com] the total US debt is now well above the debt ceiling.
Since then the total debt number has only grown and as of yesterday was $14,320,468,555,091.68. Luckily, the legal loophole, the debt subject to the ceiling is still marginally below the $14.294 trillion cap: it was $14.268 trillion, or just $26 billion less.
So here is the math that is just a little troubling:
According to Treasury direct over the next week there will be a rather substantial net cash pay down:
April 21: $92 billion in Bill Issuance offset by $122 billion in maturities for $30 billion in net debt reduction
April 29: $14 billion in $14 billion TIPS issuance settles (auction today): $14 billion in net debt increase
May 2: $99 billion of the abovementioned bonds settle (auctions next week), offset by $52.6 billion in maturities: $46.4 billion in net debt increase.
This means that over the next week there will be a total of $30.4 billion in net debt increase...
[link to www.zerohedge.com]
US warned on top credit rating by Standard & Poor's
18 April 2011 Last updated at 12:42 ET
The US has been warned that the credit rating on its government debt could be cut by Standard & Poor's...
[link to www.bbc.co.uk]
US Debt Now 100% of GDP
Mon Feb 14 2011 12:40
Editor’s Note: I just love how now the admissions of the stolen (errr borrowed) Social Security and Medicare fund dollars are all over the place. For decades, this was denied and those who spoke about it were labeled as nutjobs.
President Obama projects that the gross federal debt will top $15 trillion this year, officially equalling the size of the entire U.S. economy, and will jump to nearly $21 trillion in five years’ time.
Amid the other staggering numbers in the budget Mr. Obama sent to Congress on Monday, the debt stands out — both because Congress will need to vote to raise the debt limit later this year, and because the numbers are so large.
Mr. Obama‘s budget said 2011 will see the biggest one-year jump in debt in history, or nearly $2 trillion in a single year. And the administration says it will reach $15.476 trillion by Sept. 30, the end of the fiscal year, to reach 102.6 percent of gross domestic product (GDP) — the first time since World War II that dubious figure has been
reached...
[link to www.sutton-associates.net]
U.S. Treasury Drew Down Its Cash Balance by $81.6 Billion in Just First 4 Days of March
Monday, March 07, 2011 By Terence P. Jeffrey
(CNSNews.com) - The U.S. Treasury is depleting its cash at an accelerating pace, drawing down its cash balance by $81.6 billion in the just the first four days of March, leaving the federal government with only $108.9 billion on hand, according to the Daily Treasury Statement released Monday afternoon.
At the beginning of February, the Treasury had $349.1 billion in cash on hand, but spent that down by $158.5 billion during the month, ending February with only $190.6 billion on hand...
[link to www.cnsnews.com]
US Spent More Than 8 Times Revenue in March
Tuesday, 05 Apr 2011 08:02 AM
The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.
During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.
At the same, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.
That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month...
[link to www.newsmax.com]
Government Cash Handouts Now Top Tax Revenues
By Elizabeth MacDonald
Published April 20, 2011 | FOXBusiness
U.S. households are now getting more in cash handouts from the government than they are paying in taxes for the first time since the Great Depression.
Households received $2.3 trillion in some kind of government support in 2010.
That includes expanded unemployment benefits, as well as payments for Social Security, Medicare, Medicaid, and stimulus spending, among other things.
But that’s more than the $2.2 trillion households paid in taxes, an amount that has slumped largely due to the recession, according to an analysis by the Fiscal Times.
Also, an estimated 59% of the 308.7 million Americans in this country get at least one federal benefit, according to the Census Bureau, based on 2009 data. An estimated 46.5 million get Social Security; 42.6 million get Medicare; 42.4 million get Medicaid; 36.1 million get food stamps; 12.4 million get housing subsidies; and 3.2 million get Veterans' benefits.
And the handouts from the government have been growing. Government cash handouts account for a whopping 79% of household growth since 2007, even as household tax payments--for things like the income and payroll tax, among other taxes--have fallen by $312 billion.
That is a tough feeding trough to take away from voters...
Read more: [link to www.foxbusiness.com]
A time bomb...
Webster Tarpley The Derivative Bubble is 1.5 Quadrillion Dollars
[link to financearmageddon.blogspot.com]
Of The Fed's $120 Billion In "Other Assets" - An $80 Billion Gift To Primary Dealers?
Submitted by Tyler Durden on 03/26/2011 14:51 -0400
Following our latest Fed balance sheet update, where we get another confirmation that for another week the Fed's assets have hit a fresh all time record (Bernanke now owns nearly $200 billion more Treasurys than China), there are two items that we believe deserve far closer scrutiny.
The first is the as expected drop in MBS and Agency prepayments, which after seeing an initial surge in activity when rates were low enough to merit prepaying existing mortgages, has now plunged.
In fact in the last several weeks the average prepay activity is roughly half of what it was in the September-December period.
This is critical as it impacts the amount of debt the Fed can monetize via the QE Lite component of the ongoing monetization procedure.
Should this weekly prepayment amount remain constrained, the Fed will have far less of a marginal impact on share prices (which is what POMO ultimately is) then if QE Lite was working at its expected $25-35 billion a month monetization run rate (in addition to the $70-80 billion from QE 2).
Yet far more questionable is the recent surge in "Other Federal Reserve Assets" - an observation we have commented on previously, yet which we attributed merely to capitalized accrued interest on the Fed's portfolio.
However, following the recent remittance of tens of billions in interest expense from the Fed to the Treasury we now know that is not the case...
[link to www.zerohedge.com]
Fed Reserve Bank: We don't have to tell you where the money went
Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak
By Bradley Keoun and Craig Torres - Apr 1, 2011 12:53 PM CT
U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya.
Dexia SA (DEXB), based in Brussels and Paris, borrowed as much as $33.5 billion through its New York branch from the Fed’s “discount window” lending program, according to Fed documents released yesterday in response to a Freedom of Information Act request. Dublin-based Depfa Bank Plc, taken over in 2007 by a German real-estate lender later seized by the German government, drew $24.5 billion.
The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record.
The disclosures may stoke a reexamination of the risks posed to U.S. taxpayers by the central bank’s role in global financial markets...
[link to www.bloomberg.com]
Biggest Monthly Deficit Ever
The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.
That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse...
[link to www.washingtontimes.com]
Read more at NetRightDaily.com: [link to netrightdaily.com]
Debt Jumped $54.1 Billion in 8 Days Preceding Boehner-Obama Deal to Cut $38.5 Billion for Rest of Year
Saturday, April 09, 2011 By Terence P. Jeffrey
(CNSNews.com) - The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September.
The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7.
Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increased by $653.4 billion...
[link to www.cnsnews.com]
Obama’s ‘Adult’ Conversation
By Robert Romano – In February, when he presented his budget for the 2012 fiscal year, Barack Obama called for an “adult conversation” on the nation’s finances [link to www.whitehouse.gov]
Everyone laughed. His was a budget that would add on average $1.08 trillion to the national debt every single year until 2021, when it would total $26.3 trillion.
Perhaps it was fitting, then, that he began the discussion by delivering a speech to college students.
More like an adolescent than an adult, Obama was threatening that he has a credit card — and he’s not afraid to use it...
Read more at NetRightDaily.com: [link to netrightdaily.com]
The Fed is Now Pumping $200 BILLION Per Month
Submitted by Phoenix Capital Research on 04/18/2011 14:11 -0400
This is a chart of the adjusted US Monetary Base *at link*.
It’s essentially a very simple means of charting how much money the US Federal Reserve is pumping into the system (on top of QE 2 which is providing another $100 billion in liquidity per month).
As you can see, starting in January 2011, the Fed left a paperweight on the “print” button. Since that time, it’s put $500 BILLION into the system.
When you combine the $100 billion in liquidity provided by QE 2, we’re talking about $800-900 billion enter the financial system in 2011 alone...
[link to www.zerohedge.com]
Debt More Dire than Anyone Thinks
THURSDAY APRIL 21ST 2011
By Bill Wilson – The nation is risking a fiscal calamity that threatens a catastrophic default on the $14.2 trillion national debt and the collapse of the dollar as the world’s reserve currency.
If something is not done to bring the nation’s fiscal house into order, soon the debt will become too large to even refinance, let alone be repaid...
Read more at NetRightDaily.com: [link to netrightdaily.com]
Existing-Home Sales Plunge, Setback for Housing Recovery
Published: Monday, 21 Mar 2011 | 10:33 AM ET Text Size
By: Reuters
Sales of previously owned U.S. homes fell unexpectedly sharply in February and prices touched their lowest level in nearly nine years, implying a housing market recovery was still a long off.
AP - The National Association of Realtors said Monday sales fell 9.6 percent month over month to an annual rate of 4.88 million units, snapping three straight months of gains.
The percentage decline was the largest since July.
Economists polled by Reuters had expected February sales to fall 4.0 percent to a 5.15 million-unit pace from the previously reported 5.36 million unit rate in January, which was revised slightly up to 5.40 million.
The median home price dropped 5.2 percent in February from a year earlier to $156,100, the lowest since April 2002.
"If the price declines persist, even with the job market recovery, that could hamper recovery in the housing market," said NAR chief economist Lawrence Yun.
Compared with February last year, sales were down 2.8 percent.
Oversupply of homes and a relentless wave of foreclosures are pressuring prices, holding back recovery in the sector, whose collapse helped to tip the U.S. economy into its worst recession since the 1930s...
[link to www.cnbc.com]
Nearly 11 Percent of US Houses Empty
Published: Monday, 31 Jan 2011 | 3:34 PM ET
By: Diana Olick, CNBC Real Estate Reporter
I usually find the quarterly homeowner vacancy and homeownership report from Census pretty lackluster, but the latest one released this morning was anything but.
America's home ownership rate, after holding steady for a while, took a pretty big plunge in Q4, from 66.9 percent to 66.5 percent. That's down from the 2004 peak of 69.2 percent and the lowest level since 1998.
Homeownership is falling at an alarming pace, despite the fact that home prices have fallen...
[link to www.cnbc.com]
A Frightening Satellite Tour Of America's Foreclosure Wastelands
Gus Lubin | Jan. 30, 2011, 3:42 PM
RealtyTrac is out with the total foreclosure numbers for 2010 [link to www.realtytrac.com]
On the whole things are getting worse.
72 percent of major metro areas saw an increase in foreclosure volume.
Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high.
If not for some foreclosure suspensions due to the robosigning scandal, these numbers would have been higher...
Read more: [link to www.businessinsider.com]
Mass. job fair canceled because of lack of jobs
March 25, 2011 09:58 Associated Press
TAUNTON -- A Massachusetts employment organization has canceled its annual job fair because not enough companies have come forward to offer jobs.
Richard Shafer, chairman of the Taunton Employment Task Force, says 20 to 25 employers are needed for the fair scheduled for April 6, but just 10 tables had been reserved. One table was reserved by a nonprofit that offers human services to job seekers, and three by temporary employment agencies...
[link to www.boston.com]
Guest Post: Why Small Business Isn't Hiring And Won't Be Hiring
Submitted by Tyler Durden on 02/08/2011 13:28 -0400
Why Small Business Isn't Hiring and Won't Be Hiring
Pundits and politicos promote a magical myth: a coming small business hiring boom.
That fantasy is completely disconnected from the harsh realities of private enterprise.
Regardless of their ideological persuasion, pundits and politicos reliably repeat the mantra that "small business is the engine of jobs growth."
The mantra is followed by the pundit-politico's belief that a "small business jobs boom is right around the corner."
I have news for the pundits and politicos: ain't gonna happen.
Why?
The answer cannot be found in the manipulated and massaged Bureau of Labor Statistics numbers (have any real jobs been created, net of jobs lost, in the past year? Who knows?) or in the punditry's Cargo-Cult-like belief in a mythical "small business jobs machine" that they have never experienced and know nothing about...
[link to www.zerohedge.com]
Some are not affected by what's happening...
Trader Racks Up a Second Epic Gain
$5 Billion Profit for John Paulson
By GREGORY ZUCKERMAN JANUARY 28, 2011
Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010—likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his "short" bets against subprime mortgages in 2007.
Mr. Paulson's take, described by investors and people close to investment firm Paulson & Co., shows how profits continue to pile up for elite hedge-fund managers...
[link to online.wsj.com]
Goldman Sachs CEO Blankfein awarded US$12.6m in stock
Sun, Jan 30, 2011
Goldman Sachs Group Inc gave chairman and chief executive officer Lloyd Blankfein a US$12.6 million stock bonus for last year, an increase from US$9 million in restricted stock a year earlier.
Blankfein, 56, received 78,111 shares on Jan. 26, according to a filing on Friday with the US Securities and Exchange Commission.
At the closing price of US$161.31 that day, the shares would be valued at US$12.6 million. New York-based Goldman Sachs also raised Blankfein’s base salary to US$2 million this year from US$600,000, according to a separate filing...
[link to www.taipeitimes.com]
Indymac Boys Get Sweetheart Deal
And they know they don't have to be concerned about 'consequences'... they run the World.
Lehman Probe Stalls; Chance of No Charges
MARCH 12, 2011 By JEAN EAGLESHAM And LIZ RAPPAPORT
The U.S. government's investigation into the collapse of Lehman Brothers Holdings Inc. has hit daunting hurdles that could result in no civil or criminal charges ever being filed against the company's former executives, people familiar with the situation said...
[link to online.wsj.com]
A Scandal
March 30, 2011
Exxon Mobil, Bank of America, GE and other giant corporations paid no U.S. taxes despite billions in profits. In fact, they pocketed big IRS refunds...
[link to sanders.senate.gov]
And this banker crime-spree has now been co-opted... by those who would willfully destroy us.
CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America
Henry Blodget | Mar. 22, 2011, 9:44 AM
A former official of one of the country's most-powerful unions, SEIU, has a secret plan to "destabilize" the country.
The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street's grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.
Read more: [link to www.businessinsider.com]
REVEALED — THE LEFT’S ECONOMIC TERRORISM PLAYBOOK: THE CHASE CAMPAIGN BY A COALITION OF UNIONS, COMMUNITY GROUPS, LAWMAKERS AND STUDENTS TO TAKE DOWN US CAPITALISM AND REDISTRIBUTE WEALTH & POWER
Posted on March 22, 2011 at 9:13am
The Left's Economic Terrorism Playbook: Coalition too Destroy US Capitalism and Redistribute Wealth
FULL VERSION OF DISCUSSION
UNCUT TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan
Transcript of the audio at:
[link to www.theblaze.com]
Their true leader... The Soros Puppet.
Breitbart tv » Uncovered Video Obama Leads SEIU Chant After Vowing to Paint the Nation Purple
The World is changing... it's being intentionally manipulated to collapse.
"Change" is coming...
The Global Union Movement
February 25, 2011 Ann Kane
With all the union activity in places like Tunisia, Egypt, Libya, and Algeria lately, one might think there's a conspiracy afoot.
Actually, the global unionists' plans are well documented, so it's no secret what they're up to: total economic control all in the name of worker's rights, unity, justice and universal equity.
The global union movement began in earnest back in the summer of 2005 when the SEIU and Teamsters broke from the AFL-CIO.
They put together a new coalition, Change to Win, to emphasize organizing as opposed to political activism. AFL-CIO had been losing membership, and Andy Stern who took over SEIU at the time had plans to increase membership and organize international unions.
In 2005 a reporter for the Pittsburgh Tribune laid out the foundations of the uprisings we are witnessing in the world today.
They are being fueled by activist unions and they were foreshadowed in that article.
Read which big names were involved in globally organizing unions to take down governments...
[link to www.americanthinker.com]
World needs $100 trillion more credit, says World Economic Forum
By Emma Rowley 8:49PM GMT 18 Jan 2011
The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum.
The global credit stock has already doubled in recent years, from $57 trillion to $109 trillion between 2000 and 2009
This doubling of existing credit levels could be achieved without increasing the risk of a major crisis, said the report from the WEF ahead of its high-profile annual meeting in Davos.
But researchers warned that leaders must be wary of new credit "hotspots", where too much lending takes place, as the world emerges from a financial catastrophe blamed in large part "to the failure of the financial system to detect and constrain" these areas of unsustainable debt.
"Pockets of credit grew rapidly to excess – and brought the entire financial system to the brink of collapse," said the report, written in conjunction with consulting firm McKinsey.
"Yet, credit is the lifeblood of the economy, and much more of it will be needed to sustain the recovery and enable the developing world to achieve its growth potential"...
[link to www.telegraph.co.uk]
So why is this happening?
What's the end game?
Unreported Soros Event Aims to Remake Entire Global Economy
By Dan Gainor Wednesday, March 23, 2011 4:48 PM EDT
Left-wing billionaire's own experts dominate quiet push for 'a grand bargain that rearranges the entire financial order.'
Two years ago, George Soros said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start - and no one seems to have noticed.
On April 8, a group he's funded with $50 million is holding a major economic conference and Soros's goal for such an event is to "establish new international rules" and "reform the currency system." It's all according to a plan laid out in a Nov. 4, 2009, Soros op-ed calling for "a grand bargain that rearranges the entire financial order."
The event is bringing together "more than 200 academic, business and government policy thought leaders' to repeat the famed 1944 Bretton Woods gathering that helped create the World Bank and International Monetary Fund. Soros wants a new 'multilateral system," or an economic system where America isn't so dominant.
More than two-thirds of the slated speakers have direct ties to Soros. The billionaire who thinks "the main enemy of the open society, I believe, is no longer the communist but the capitalist threat" is taking no chances...
[link to www.mrc.org]
George Soros - Bretton Woods Conference - Establish The BRIC As New Financial World Order
Timothy Geithner Open To New Global Currency
UN Sec Gen Calls for ‘Revolution’: World Economic System Is ‘Global Suicide Pact’
Note the IMF chart... this is the solution (outlined in red)... it's what the current fiasco & coming catastrophe is all about.
The Goal.
INTERNATIONAL MONETARY FUND
Reserve Accumulation and International Monetary Stability
(pdf)
[link to www.imf.org]
Protect Yourselves.
Scrump
-----------------------------------------------------
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God Bless You.
Do you believe what you see on TV?
Have you ever seen the movie “Wag The Dog”?
Would you believe me if I told you that CNN, “The Most Trusted Name in News”, FAKED coverage of The First Gulf War?
No?
Watch This…
CNN’s Hoax on America
This series of Newsletter emails is something I'm putting together (most) each day to shed light on things not normally heard on TV.
If you want to be taken off the email list, let me know.
Scrump
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