European finance ministers were meeting today to try and avert disaster, while we've seen us president barack obama this week reportedly pressuring european leaders to resolve the eurozone debt crisis by whatever means necessary. Meanwhile, right under washington's nose, Fitch ratings agency has put the government on a negative outlook after the super committee tasked with finding ways to cut America's deficit proved a "super failure." Also, we speak with author and activist Nomi Prins about revelations from the bank of international settlements that notional OTC derivatives have now reached all-time highs of 708 trillion dollars. This is over 100 trillion dollars more than the notional amount 6 months ago. We also ask Nomi about recent revelations that then secretary of the treasury Hank Paulson provided inside information about the nature of the government's soon to be intervention in fannie mae and freddie mac to a select group of hedge fund managers and friends. Take this with the ever unfolding scandal of Jon Corzine and the missing billions from MF Global, and you have more signs of crony capitalism, fraud, embezzlement and insider trading everywhere. We also cover the bankruptcy of American Airlines' parent company AMR in the last part of our show. Source
Wednesday, November 30, 2011
MSNBC's Dylan Ratigan had former New York governor and New York State Attorney General Eliot Spitzer on his show last night.
During the program, the pair tore apart the Federal Reserves super-secretive $7.77 trillion bank loans, the MF Global debacle and the Citigroup/SEC settlement.
Looking back, Spitzer said he wished he had handcuffed more Wall Streeters.
"No question about it. In retrospect, I wish we had put more people in handcuffs. I don’t mind saying it, because the banks didn’t learn the lesson," he told Ratigan. Sourc
Rochdale Securities analyst Richard Bove says today's massive liquidity boost will be the first of many steps to solve Europe's debt woes. He adds the action is linked to S&P's banking downgrades. Source
Subscribe to Conversations with Casey for free: http://bit.ly/Casey_Daily At the Casey Research/Sprott Summit When Money Dies, Milos Dedovic, of the Serbian-American Chamber of Commerce, spoke with David Galland, Managing Director of Casey Research about his experiences with the hyper-inflation in then Yugoslavia.
What do you know about drones? You know drones — those robotic, unmanned planes that fire missiles for the American military across Afghanistan, Pakistan and anywhere else the United States needs to get away with murder.
Well if you don’t know too much, don’t worry, that’ll change soon. The Federal Aviation Administration is looking into rules that will bring the controversial aircraft into the country, creating an United States airspace buzzing with tiny, robot planes to look over every inch of American soil — and maybe more. Source
"America will be destroyed from within"
America is opening up a new warfront and it’s in your own backyard. It’s in your neighbor’s house, it’s three states over and it’s on the other side of the Mississippi.
That’s what a new legislation could lead to and the consequences are dire and constitutionally damning.
The United States Senate is set to vote this week on a bill that would categorize the entire USA as a “battlefield,” allowing law enforcement duties to be dished out by the American Military, who in turn could detain any US citizen as a war criminal — even coming into their own home to issue arrests. Source
Public sector workers in Britain are about to take part in the biggest strike the country has seen in decades. Interview with Keith Pilbeam, professor at the City University London
Absolutely everything we are asked to believe is a load of rubbish - Unfortunately, as we buy into modern media made culture, we also become impervious to reality and the hardships we are collectively dishing out. Source
Russia has launched a military partnership project with its Cold War ally Cuba, amid rising tensions over US plans to deploy an anti-missile system in Europe.
Russian contractors are to supply production equipment for manufacturing 6.52-mm rifle rounds, Kommersant daily reports. Cuban arms plant called Comandante Ernesto Che Guevara will also receive a license and technology for recycling used ammo. The daily cites its sources as saying that Havana officials decided to purchase the equipment after visiting a similar production line in Venezuela. The insider did not reveal any details on the financial terms of the future deal, but said it was close to being sealed. Russian arms producers further hope to win a contract for upgrading the whole ammunition plant in the future. It was built in late 1970s early 1980s with the help of Soviet specialists.
The United States are maintaining a decades-old trade blockade of Cuba. Russian companies, which would supply military equipment there, risk sanctions by the US.
Communist Cuba was a major ally of the Soviet Union during the Cold War era, with an estimated gross value of arms supplied to Havana reaching $16 billion. The USSR delivered tanks, Mig fighter jets, helicopters, rocket air defense systems, submarines, small arms, communication equipment among other things. The close military collaboration resulted in the most serious tension of the period, when Moscow deployed its missiles on the island in response to a similar move by the US in Turkey. The collapse of the USSR and the economic perils new Russia faced weakened its trade and military ties with Cuba. In 2001 Russia shut down the radio reconnaissance base in Cuba, the last of its military facilities there. However in the late 2000s Moscow and Havana began to re-establish relations on many levels. In September 2008 two Russian strategic bombers carrying top Air Forces brass visited Venezuela. The aviation generals also visited Cuba and later voiced possible plans for renting and upgrading an air base on the La Orchila Island, which would allow Russian military aircraft patrol the Caribbean. Also in 2008, Russian Army generals visited Cuba to inspect its air defense forces. Possible upgrade of the old equipment and supply of spare parts was on the table. The moves were viewed by many observers as Russian response to the Bush administration plans to deploy an anti-ballistic missile system in Europe.
The news on the upcoming round production deal comes as Moscow and Washington are reaching new heights of tension over AMD system. The US refuses to provide guaranties that the system would not be used against Russia. Russia’s latest move in the row was to open a new early warning radar in its western exclave, the Kaliningrad Region. President Medvedev has also threatened deployment of short-range ballistic missiles capable of destroying American ABM facilities, should it be required. Source