Telling the truth has become a revolutionary act, so let us salute those who disclose the necessary facts.
ALTERNATIVE NEWS
27 Mar 2014
Why Rape Is Sincerely Hilarious
UK Housing Boom Could Turn To Bust … Again + Why Do People Believe The Myth? - Who Is Spreading The Propaganda?
By Mark O'Byrne: It would seem that the measures taken in oversight and reporting, albeit a massive improvement on previous regulatory mishaps, are again proving porous. The rampant politicisation of interest rate policy and monetary tools are again creating new asset bubbles, most notably in the property and equity markets, which may in the end pose even greater risk than the financial dislocations of 2008.
Today’s AM fix was USD 1,295.00, EUR 942.09 and GBP 779.14 per ounce.
Yesterday’s AM fix was USD 1,314.50, EUR 952.74 and GBP 794.98 per ounce. Gold fell $10.80 or 0.82% yesterday to $1,301.00/oz. Silver slipped $0.25 or 1.25% at $19.75/oz.
Gold bullion dropped to its lowest level in six weeks in London as better than expected durable goods hinted to a recovery in the U.S. and increased the case for the U.S. Fed to keep reducing stimulus and start to raise interest rates. Fed Chair Yellen commented after this month’s policy meeting that the bond buying program may end this fall and the first increase in the benchmark rate may follow six months later.
U.S. President Barack Obama reiterated yesterday that the U.S. and its European allies stand united against Russian attempts to redraw Ukraine’s boundaries. Russia is the biggest supplier of palladium followed by South Africa, where workers have been on strike since Jan. 23rd.
Today’s AM fix was USD 1,295.00, EUR 942.09 and GBP 779.14 per ounce.
Yesterday’s AM fix was USD 1,314.50, EUR 952.74 and GBP 794.98 per ounce. Gold fell $10.80 or 0.82% yesterday to $1,301.00/oz. Silver slipped $0.25 or 1.25% at $19.75/oz.
Gold bullion dropped to its lowest level in six weeks in London as better than expected durable goods hinted to a recovery in the U.S. and increased the case for the U.S. Fed to keep reducing stimulus and start to raise interest rates. Fed Chair Yellen commented after this month’s policy meeting that the bond buying program may end this fall and the first increase in the benchmark rate may follow six months later.
U.S. President Barack Obama reiterated yesterday that the U.S. and its European allies stand united against Russian attempts to redraw Ukraine’s boundaries. Russia is the biggest supplier of palladium followed by South Africa, where workers have been on strike since Jan. 23rd.
Obama & Lagarde A Lethal Combination Destroying The World Economy
By Martin Armstrong: Christine Lagarde is a french lawyer who became chairman of the
Chicago firm Baker & McKenzie. Obama endorsed Lagarde ahead of the
vote claiming a woman would be proper after Dominique Strauss-Kahn, had
to resign after being charged with attempted rape in New York. However,
the maid was found to be anything but credible and there is a dark
cloud that hangs over this entire ordeal. Strauss-Kahn was against some
of the corruption he saw and to get Lagarde in that position made it
perfect to turn Strauss-Kahn into an alleged rapist. Very curious.
Lagarde has been a notorious French socialist to say the least. In an
interview with The Guardian in May 2012, Lagarde was asked about
economic crisis in Greece. Her response gave a deep glimpse into how the
French elite view people with any money and her endorsement by Obama is
no coincidence.
“Do you know what? As far as
Athens is concerned, I also think about all those people who are trying
to escape tax all the time. All these people in Greece who are trying to
escape tax.”
Even more than you think about all those now struggling to survive without jobs or public services? “I think of them equally. And I think they should also help themselves collectively.”
How? “By all paying their tax. Yeah.”
It sounds as if you essentially are saying to the Greeks and others in Europe, you’ve had a nice time and now it’s payback time. “That’s right.” She nods calmly. “Yeah.”
Even more than you think about all those now struggling to survive without jobs or public services? “I think of them equally. And I think they should also help themselves collectively.”
How? “By all paying their tax. Yeah.”
It sounds as if you essentially are saying to the Greeks and others in Europe, you’ve had a nice time and now it’s payback time. “That’s right.” She nods calmly. “Yeah.”
Feminism: Socialism in Panties - Karen Straughan
Money Out Of Thin Debt Air - Max Keiser and Stacy Herbert with Matthew Mellon
Going Mental: Abusive Women, Smart Men, Bad Choices
For a thousand arguable reasons, it is our relationship lives where logic often goes out the window and all things limbic have a way of taking over. That is true for both sexes, and it can have not only a profound impact on mental health, but on the lives of the people involved.
Lame-Stream Media, Crimea, and US Foreign Policy + Turkey In League With Israel Against Syria: Ja’afari
£80 Billion UK Banksters Bonuses? - The BBC Sucks O Cocks News
The artist taxi driver
"Ripped off like you can't believe.
...we are fed a diet of 1984, of double speak!"
"Ripped off like you can't believe.
...we are fed a diet of 1984, of double speak!"
BANKSTER APOLOGISTS: How A Murdoch Intellectual Tries To Persuade His Readership That Banking Perfidy Is A Myth
By John Ward: I’m indebted to a regular Slogger for pointing me at this Aussie piece by Steve Keen, writing at The Australian’s Business Spectator. Just so we’re clear about this from the off, The Australian is owned by Newscorpse, aka Rupert Murdshlock.
Keen is a former professor in economics and finance who taught at the University of Western Sydney. He considers himself a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported. As I hope to develop in this post, he too is as empirically unsupported as the now ubiquitous Wily E. Coyote in economic matters.
His latest column is about Fractional Reserve Banking, and Mr Keen uses it to salute the Bank of England for pointing out that FRB “as a money multiplier is neither fraud, nor the way things are, but a myth — and it rightly blames economic textbooks for perpetuating it”.
Hmm. Steve tells us that, under the “myth” put about by textbook authors, ‘Stage one in the money creation model is that the Fed (or the Bank of England) gives the banks additional reserves — say $100 billion worth. Then in stage two, the banks lend this to their customers, who then deposit it right back into banks, who hang on to 10 per cent of it ($10 billion) and lend the remaining $90 billion out again.’
Keen is a former professor in economics and finance who taught at the University of Western Sydney. He considers himself a post-Keynesian, criticizing neoclassical economics as inconsistent, unscientific and empirically unsupported. As I hope to develop in this post, he too is as empirically unsupported as the now ubiquitous Wily E. Coyote in economic matters.
His latest column is about Fractional Reserve Banking, and Mr Keen uses it to salute the Bank of England for pointing out that FRB “as a money multiplier is neither fraud, nor the way things are, but a myth — and it rightly blames economic textbooks for perpetuating it”.
Hmm. Steve tells us that, under the “myth” put about by textbook authors, ‘Stage one in the money creation model is that the Fed (or the Bank of England) gives the banks additional reserves — say $100 billion worth. Then in stage two, the banks lend this to their customers, who then deposit it right back into banks, who hang on to 10 per cent of it ($10 billion) and lend the remaining $90 billion out again.’
Subscribe to:
Posts (Atom)