Ignorance is Strength 9/11

Dangerous New Phase

The head of the International Monetary Fund, Christine Largarde, said Friday the world economy is entering a “dangerous new phase.”  Lagarde is referring to a debt bubble, the likes of which the planet has never seen before, and the possibility that it could all unravel at any moment.  Uncertainty over the debt crisis in Europe is what caused the Dow to crash more than 300 points at the end of last week.   What is Lagarde going to do about the debt problem?  A CNBC story reported,“She warned that both advanced and emerging economies faced key economic challenges, and that governments must ‘act now’ to stop further contagion.  ‘Policymakers should stand ready, as needed, to take more action to support the recovery, including through unconventional measures,’ Lagarde said.”  (Click here to read the complete CNBC story.)  Lagarde is surely talking about revving up the global printing presses for more bailouts.

(Click here for the Original Source that suggests 

 we will fall of a cliff between now and 2013)

Additional State of the UK Economy £5 Trillion Debt: 

The US Orwellian State.

As terrorists struck New York on September 11th, the United States vowed to fight back and protect their country, their people and their freedom. But 10 years on, it seems that freedom is just an illusion, and the US is becoming an Orwellian state. (Click here for full rt.com report)

Goodbye Euro, Hello Drachma

A few months ago, when Zero Hedge first broke the news that the Drachmais trading at several major banks on a "when issued" basis at the client's request, it was promptly dismissed. Alas, it may be time to dismiss the dismissal, after Spiegel reports that as one of the scenarios considered for a Greek default, Germany anticipates the reintroduction of the drachma by the pathological liars at the Greek parliament. Yes: the currency that Greece was so happy to jettison 10 years ago when after the assistance of Goldman to hide its bloated debt, to much pomp and circumstance it entered the soon to be defunct Eurozone, is coming baaaaack. (Click here for the full story)

Rioting Bankers Get 8 Years

Vickers report:  banks get until 2019 to ringfence high street operations

• ICB stops short of recommendation for full break-up
• Osborne promises legislation in this parliament
• Up to £2tn of assets could be behind firewall
• Barclays and RBS likely to be most affected

Britain's biggest banks are to be given until 2019 – longer than had been expected – to implement radical reform of their operations to prevent another taxpayer bailout of the system.

The Independent Commission on Banking – issuing its report almost three years to the day after the collapse of Lehman Brothers which led to the major 2008 bank bailouts – said that banks should ringfence their high street banking businesses from their "casino" investment banking arms. By Jill Treanor, the guardian, (click here for the full story)

The Story of Your Enslavement

2008 All Over Again

Prepare Now, This Could Easily Be 2008 All Over Again  “I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.”- Romano Prodi, EU Commission President, December 2001

Prodi and the other leaders who forged the euro knew what they were doing. They knew a crisis would develop, as Milton Friedman and many others had predicted. They accepted that as the price of European unity. But now the payment is coming due, and it is far larger than they probably thought.(click here for the full story from John Mauldin of Business Insider)

Tony Blair’s Remote-Controlled Eyeball

The Truth About  

Tony Blair’s Remote-Controlled Eyeball

Download show here

MaxKeiserRadio-TheTruthAboutMarkets

DEBT, The First 5000 Years Pt1

Pirate My Film

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An antidote to the presstitute news. 

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Iceland or Ireland? + Great Minds Pt2

8th Sept: Shall we follow Ireland and socialize the banker's private debts (facing a decade long depression) or follow Iceland and reject serfdom (already recovering)?Politicians and economists have gathered in the Russian city of Yaroslavl to take part in a global political forum. The decision-makers are going to discuss, among other things, how to avoid future economic crises. But does it mean the path out of the current economic crisis is already clear? And what is it? Here’s Wall Street financial analyst Prof. Michael Hudson.

"Great Minds" Update 9th September

Market Schizophrenia & Israel Protest

from 13.17 on the clip below. At last, Israeli's acknowledge the pressure of an international boycott against apartheid applied against the Palestinian people. "Israel is seen as the international pariah!"  And Keiser Report – Market Schizophrenia

Reported: Israel undergoing deep social crisis for decades, rapidly growing inequality. Israel highly likely to attack Iran, Israelis expecting false flag war to divert attention. The billions Israel supposedly receives from America actually come in the form of a credit note to buy arms from the USA i.e. it is a subsidy for the US MIC (Military Industrial Complex) acknowledged by the protesters as designed to flood weapons into the region to keep it unstable.