No Rights In Britian ..er Riots

Greenspan says it like it is.

"US Can Pay Any Debt It Has Because It Can Print Money To Pay It" The world watches open mouthed as the USA fumbles and now openly clarifies the fact that "the dollar is the rest of the worlds problem" given the wanton abuse by that privileged nation of what had become the world reserve currency. Who now disagrees with China's calls that an alternative world reserve or regional reserves need to be established.

 

TheNewAmerican.com reports... The Former Federal Reserve boss Alan Greenspan (left) made headlines this week when he said gold is indeed a currency and noted that the euro was falling apart, contradicting top officials on both sides of the Atlantic. “Gold, unlike all other commodities, is a currency,” he told attendees at a conference in Washington D.C. on August 23, saying he did not think the precious metal was in a bubble despite recently reaching a new record above $1900. And a flight to safety amid inflation fears is what’s causing soaring gold prices.

“The major thrust in the demand for gold is not for jewelry,” Greenspan explained. “It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”

While it is well known that the fiat U.S. dollar is under increasing pressure following years of extreme “quantitative easing,” the former central banker said the European single currency was also in big trouble. And the effects will be felt far beyond Europe.

“The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system,” said Greenspan, speaking at the Innovation Nation Forum hosted by an outfit described on its website as “one big Government IT community.”

He also said a breakup of the euro was “obviously” a possibility. And the monetary and banking woes are actually raising fundamental questions about the nature of Europe’s currency experiment itself.

“The problem is that there is a growing cleavage in the economic and analytical and banking circles as to whether the euro, which is the crucial issue here, should be 17 countries,” he said, citing widely varying beliefs among the different nations in terms of the role of government, inflation, and other cultural issues.

As The New American recently reported, the European Central Bank is now printing even more money to buy government debt. Floundering regimes from Spain and Italy to Ireland and Portugal are struggling to stay afloat as the ECB and the EU frantically seek to prop them up.

A default by the socialist government ruling Greece is almost inevitable at this point, with European governments rushing to unload onto taxpayers the bad debt held by banks. And according to Greenspan, the problems swamping Europe are hurting the U.S. economy — and they could even lead to another American recession.

“The reason we are so sluggish is the level of uncertainty,” he explained. "The general feeling out there is of a lull before the storm." (click here for the full story)

The Washington Wrestling Federation

EU Disintegration, GREECE

Greece Raped by Goldman Sachs and Friends.
Max has a talent for clarification of the financial situation. Whilst most people even in the financial circles that I have spoken with have only vague notions as to what is transpiring. Greece is no different to the UK in reality. The crucial difference is that Greece does not have the facility to print more funny (fiat) money. We in the UK have not stopped devaluing our currency by massive printing since the depression hit home in 2007. How convenient it would be if we could all pay our debts by printing money to pay them and how immoral and foolish?

Get this straight, the fraud committed in Greece by the bankers in collusion with the government is mirrored all over Europe. Governments everywhere are putting the interests of corrupt private banks over the interests of their own people. The UK, Germany, France, Italy, Spain, etc. are all in the same boat, including the USA.  

Anonymous

Global Financial Catastrophe Clarified

Alex Jones interview with Max. Be prepared. Protect yourselves. We are facing a recession within the Great depression. “it is exellerating… growth in reverse.. people revolting UK and around the world… GLOBAL DEBT SATURATION… repo105 SHADOW BANKING, the police state, 0% interest = QE infinity, people getting screwed with debts they did not make and more.

PATENTS "Way to shackle creativity!"

“More and more people are adding their voices to the growing consensus around the massive harm that the patent system is doing to innovation.”

40 years after Nixon

Jim Rickards
the Euro Gold Standard
Jim discusses the economic connection between Italy and France and goes on to say that he is bullish on the Euro only because they have the second largest amount of gold behind the U.S. Jim Rickards "I don’t understand why the countries are being held hostage by the banks. I think they should turn that around… because nationalism and the people come first... PUT IT ON THE BOND HOLDERS NOT THE AVERAGE CITIZENS." Rickards holds his ground and does a nice job of using history as a reference on how the same mistakes will be made once again, much to the hosts dismay.

NO Nuclear Weapons, Ahmadinejad

Speaking exclusively with RT, the Iranian President has pointed out that the 21st century is about knowledge, while nukes are the means of the past. He also discussed the “Arab Spring” and Iran’s place in international relations.
If our UK or the US governments dare to attack this man's country and we do not stop it. We are all damned. The Iranian President represents his nation with true statesmanship and has gone to great lengths here to clarify his countrys neutrality and "LOVE" for all the people of the world.

Seems that the US military leviathan is itching to destroy the infrastructure of another non-threatening nation for the sake of something to do and for the benefit of other assholes to rebuild the ruins and take, take, take.

This time the UK should not join the USA if they dare to attack Iran. We should stand in their way. Our WW2 debt was paid long ago and Iranians are peace loving people. So are we.

I’m a Ron Paul Girl

Shame we do not have Ron Paul in the UK. We hope the citizens of the USA have the balls to make this man president. He may be their/our only hope. Having been an active doctor he does have one peculiarity, especialy for a libertairan, having surcome to the anti abortio lobby. The rest of his policies actualy proclude his being able to do anything about that if he got in to 'The White House" so it's all good.

Watch How They Steal The Money

The amount of theft going on these days is immense. I thought I would catalog at least a few ways in which it is happening in Europe. This is not supposed to be a comprehensive list. I hope that some Matt Taibbi will compile some sort of record of these things. Real journalists are as rare as unicorns these days. Plus, they have a tendency to die suddenly.
by Nathan Lewis - New World Economics.

Gold Standard. Best for all?

We agree that her views are correct but we also think that the speaker is foolish to believe that her proposals will work bearing in mind the rest of the global population and to ignore the lessons from history and therefore, that the majority of the world poor and iliterate trust and that is gold. They can not put the sun in their pocked and take a few days off.