Plunged into Chaos: Europe on the Eve of the Bilderberg Conference

The Bilderberg group will convene in Sitges, Spain, a resort community 30 km from Barcelona, on June 4-7. As usual, the information is supplied by James Tucker and Daniel Estulin who revealed that this year the issues topping the agenda of the club's meeting will be the global recession and the approaches to provoking such economic breakdowns that can help justify the establishment of a full-scale world economic governance.

Intending to prolong the global economic downturn for at least another year, the Bilderberg group hopes to take advantage of the situation to set up a “global ministry of finance” as a part of the UN. Though the decision was actually made at the group's meeting in Greece last year, according to Tucker the plan was torpedoed by US and European “nationalists” (for the Bilderberg group, “nationalists” is a generic term for all nationally-oriented forces espousing national sovereignty and statehood).'

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More Theft of America by the Private Federal Reserve and Record $70 Billion Profit !

The risk-taking Fed is proving to be a savoir-faire investor. According to CBO estimates, the central bank’s MBS investments and other crisis-mode assets will turn a record $70 billion profit for the Federal Reserve this year.

In 2009, the Federal Reserve earned $46 billion from interest yields on its assets. At that time, the windfall was the biggest annual return the Fed had recorded in its 95-year history.'

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David Cameron's Roots in Jewish Banking, Opium

David Cameron's forebears have a long history in financial racketeering. His great-great grandfather, Emile Levita, a German Jew, was related to the German-Jewish Goldsmid banking family, and obtained British citizenship in 1871. He was the director of the Chartered Bank of India, Australia and China.

The Chartered Bank of India, Australia and China was founded in London in 1851 following the grant of a Royal Charter from Queen Victoria. It opened its first branches in 1858 in Calcutta and Bombay and then Shanghai. The Shanghai branch of Chartered bank began operation in August 1858. Initially, the bank's business was in large volume discounting and re-discounting of opium and cotton bills.'

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Bankers' Earnings Surge Towards Pre-Crash Levels

Pay and bonuses in the City are surging back to their pre-crash levels despite widespread criticism of the Square Mile and the banking industry, which was rescued by the taxpayer 18 months ago.

The steep rise in earnings is likely to put pressure on the coalition government to impose a clampdown on City pay practices, which the Liberal Democrats in particular attacked while in opposition.'

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Why The UK Is The Next European Country To Experience A Massive Debt Crisis

Now that the Greek debt crisis has been "fixed" by a gigantic pile of more debt, many are wondering which European nation will be next to experience a massive debt crisis.

Increasingly, all eyes are turning to the U.K. and their public debt that is spiraling out of control. The U.K. government's deficit is projected to be approximately 13 percent of GDP in 2010, which is even worse than Greece's 12.5 percent figure.'

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You Are Being Lied To By The Entire Financial System

Almost every US Corporation will do and say anything to keep us spending money, regardless of what they know about the fragility of our entire financial system. Bankster’s are now using world governments as patsies to commit the largest heist in world history. Stealing a trillion dollars from US citizens proved to be too difficult, as they had to receive congressional approval to bail themselves out. They’re recent scam involves using central banks to bypass democracy & funnel money to offshore entities without oversight.

So-called financial experts and analysts in the U.S. who never warned us about the financial/debt crisis are now putting out propaganda regarding our risk and exposure to the EU bailout. If you don’t see what’s happening, let me reveal it to you: Banksters are skirting US regulation & the US Constitution to ship money offshore to foreign central banks. The US Treasury is the pawn Bankster’s have chosen to filter $50 billion to the IMF —– like a thief in the night. Bankster’s will never tell you the truth about our economic outlook because if they did, we’d all default on our mortgage loans and stop spending money altogether.

The US Government doesn’t want you to know the truth either, nor do they want you to know that they’re funneling taxpayer money to foreign banks.'

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White House Aims to Use Deepwater Disaster to Win Votes for US Climate Bill

Senators are set to take a last run at producing a climate and energy law tomorrow, betting on the spectre of environmental disaster raised by the BP oil spill to build support for a comprehensive overhaul of America's energy strategy.

But despite a strong push from the Obama administration, there are concerns the debate about the energy future could be lost in the wrangling about offshore oil drilling permits.

The official roll-out by Senators John Kerry and Joe Lieberman caps eight months of negotiations with political figures and industry executives aimed at getting broad support in Congress for shifting the economy away from coal and oil and reducing greenhouse gas emissions. Climate legislation passed by the US Senate could unblock a major obstacle which prevented agreement on a binding global deal at last year's Copenhagen summit.'

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$1 Trillion Was Not Enough

Zero Hedge notes that European banks are betting against the beleaguered euro. “Zero Hedge has received confirmation that several of the largest French banks are now actively shorting the euro to take advantage of globalized moral hazard, which with every ensuing bailout does nothing but make the bonuses of French FX traders surge.”

In other words, the very banks the EU plans to bailout in part with U.S. taxpayer money (or tax payer long term debt) via the IMF are placing bets against the survival of Europe.'

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Bankers Destroy Global Economy by Design to Consolidate Power

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance.'

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Freddie Mac Asks for Additional $10,000,000,000 Bailout

Troubled US government-backed mortgage firm Freddie Mac on Wednesday asked for an additional 10.6 billion dollars from the Treasury Department to cover losses.

Announcing a 6.7 billion dollar loss in the first quarter, Freddie Mac said it would need the new funding by June 30 this year.

The Washington-based company has already received more than 50 billion dollars in taxpayers cash to cover losses from toxic assets.

It also warned that further demands would be on the way.'

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Demands?!

How Is The U.S. Economy Supposed To Succeed When Our Politicians And The Big Banks Are Making Billions Of Dollars Betting Against It?

Most people around the globe think of America as a great “capitalist” economic machine, but the truth is that the U.S. financial system is essentially one massive betting parlor at this point. In fact, there has been a whole lot of easy money made in this betting parlor over the past several years by our politicians and by the big financial players down on Wall Street. So how did they make all of this money? They did it by betting against America. By betting that the U.S. economy would do badly, a lot of very powerful people have gotten insanely wealthy. Literally billions of dollars have been made over the past five years simply by betting that the U.S. housing market would go into the toilet. But is all of this “short selling” and are all of these “side bets” actually good for the American economy? How is the U.S. economy supposed to succeed when the big banks and so many of our politicians are actively making bets against it?

Just take a moment and check out some of the folks that have been betting against America….'

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Massachusetts Moving Money Out of Three Big Banks to Protest Credit Card Rates

Massachusetts officials on Wednesday announced plans to move millions of dollars in state investments out of some of the nation’s biggest banks to protest credit card interest rates.

State Treasurer Timothy Cahill said the state has removed Bank of America, Citi and Wells Fargo from a list of institutions approved for new state investments. Massachusetts, which is the only state to make such a move, is also beginning to divest $243 million in funds held at those banks, though the process could take up to six months.

“We want to bring some fairness into the issue,” said Cahill, who is running for governor. “I don’t think what we’re asking is . . . out of line".'

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Rothschild Zionist Bankers Make 100% Profit on Loans to Poor

In recent years, the idea of giving small loans to poor people became the darling of the development world, hailed as the long elusive formula to propel even the most destitute into better lives.

Actors like Natalie Portman and Michael Douglas lent their boldface names to the cause. Muhammad Yunus, the economist who pioneered the practice by lending small amounts to basket weavers in Bangladesh, won a Nobel Peace Prize for it in 2006. The idea even got its very own United Nations year in 2005.

But the phenomenon has grown so popular that some of its biggest proponents are now wringing their hands over the direction it has taken.'

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Looting Main Street: How the Nation's Biggest Banks are Ripping Off American Cities

The sewer bill, in fact, is what cost Pack and her co-workers their jobs. In 1996, the average monthly sewer bill for a family of four in Birmingham was only $14.71 — but that was before the county decided to build an elaborate new sewer system with the help of out-of-state financial wizards with names like Bear Stearns, Lehman Brothers, Goldman Sachs and JP Morgan Chase. The result was a monstrous pile of borrowed money that the county used to build, in essence, the world's grandest toilet — "the Taj Mahal of sewer-treatment plants" is how one county worker put it. What happened here in Jefferson County would turn out to be the perfect metaphor for the peculiar alchemy of modern oligarchical capitalism: A mob of corrupt local officials and morally absent financiers got together to build a giant device that converted human shit into billions of dollars of profit for Wall Street — and misery for people like Lisa Pack.

And once the giant shit machine was built and the note on all that fancy construction started to come due, Wall Street came back to the local politicians and doubled down on the scam. They showed up in droves to help the poor, broke citizens of Jefferson County cut their toilet finance charges using a blizzard of incomprehensible swaps and refinance schemes — schemes that only served to postpone the repayment date a year or two while sinking the county deeper into debt. In the end, every time Jefferson County so much as breathed near one of the banks, it got charged millions in fees. There was so much money to be made bilking these dizzy Southerners that banks like JP Morgan spent millions paying middlemen who bribed — yes, that's right, bribed, criminally bribed — the county commissioners and their buddies just to keep their business. Hell, the money was so good, JP Morgan at one point even paid Goldman Sachs $3 million just to back the fuck off, so they could have the rubes of Jefferson County to fleece all for themselves.'

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JPMorgan Instructs Homeowners To Stop Making Payments Then Takes Their Homes

JPMorgan Chase instructed homeowners to stop making mortgage payments, as that was the only way to be considered for a loan modification, then repossessed their house when they followed the bank’s advice, a couple claims in Federal Court. “I’ve seen this happen to so many people,” their attorney said. “When they come in here to tell me their story, I can actually tell it to them.”

Faiz and Khadua Jahani sued Morgan Chase and its predecessor, Washington Mutual Bank, on their own behalf and on behalf of the public.'

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Is It Time for Law Abiding American Citizens to Stop Paying Their Taxes and Start a New Government?

The evidence is now overwhelming. The United States government has facilitated the theft of trillions of dollars of national wealth and 99% of the US population no longer has political representation.

Now that I have your attention, I want to make it clear to you that I am being rational and serious when I ask this question: Is it time for law abiding American citizens to stop paying their taxes and start a new government?'

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Banker Bob's £63 Million Jackpot: Anger and Disgust as Scale of City Fat-Cat Culture Hits New Record

One of Britain's richest bankers has landed a record pay package of £63.3million. The extraordinary deal for Barclays president Bob Diamond sparked a major new row over payouts to banking fat cats. The sheer size of his salary, perks and shares package flies in the face of assurances that Barclays and other banks have adopted a culture of restraint.

MPs reacted with disgust, with one saying the behaviour of bankers had gone beyond all 'comprehension and decency.'(Pot calling kettle black)
The news suggests the banking sector is still in denial about its culture of excess, even after nearly £1trillion of taxpayer funding was committed to supporting it. Unlike Royal Bank of Scotland and Lloyds, Barclays has not taken direct injections of cash from the Treasury. But it has benefited from Bank of England guarantees and support for firms' finances.'

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Ailing Banks May Require More Aid to Keep Solvent

Some of the nation’s large banks, according to economists and other finance experts, are like dead men walking.

A sober assessment of the growing mountain of losses from bad bets, measured in today’s marketplace, would overwhelm the value of the banks’ assets, they say. The banks, in their view, are insolvent.

None of the experts’ research focuses on individual banks, and there are certainly exceptions among the 50 largest banks in the country. Nor do consumers and businesses need to fret about their deposits, which are federally insured. And even banks that might technically be insolvent can continue operating for a long time, and could recover their financial health when the economy improves.'

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First Iceland, Then the World

Who cleans up the mess when ignorant, greedy bankers rack up massive debt then go broke? The people of Iceland made a strong statement Saturday. The sins of big bankers and government regulators shouldn't fall on the citizens. By a 93% to 2% margin, they voted down a proposal requiring them to cover bad debt incurred by one of the nation's oldest and largest banks. Covering the debt would have cost Iceland's 317,000 citizens around $17,000 each.

Iceland's national referendum was the first opportunity for the people of any nation to vote directly on who pays when the financial elite fail.

As citizens voted, Iceland's Prime Minister was dismissing the importance of the vote and promising to negotiate a payment scheme obligating citizen subsidies for bad debt created by Iceland's beyond-bad bankers.'

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Icelandic Voters Say 'No' to Neoliberal Debt Payback Deal

Partial results from a referendum in Iceland suggest voters have given a resounding "no" to a deal in which Iceland would have paid Britain and the Netherlands billions of euros.

This would have been to cover the compensation the two countries paid to their citizens who lost money due to the collapse of the Icesave bank.

However, with nearly a third of the votes counted, more than 90 percent of Icelandic voters have rejected the deal.'

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