Millionaires March at Jamie Dimon's Place

The Wicked Game, Piñata Greece!

How Greece is being beaten into a pulp to force Europe’s banks to accept capital while keeping Italy et al in awe. 

Reliable sources tell me that the troika has drawn a surprising line on the sand: Either the Greek government agrees to force upon the private sector trades unions an immediate reduction in minimum wages with immediate effect (plus the dismantling of all awards regarding dismissal compensation and limitations), or the next instalment (or tranche) of EU-IMF-ECB loans to Greece will be withheld. Noting that even Mrs Thatcher took years before she could impose her iron will on the trades unions, it is clear that the troika is asking the Greek government to commit to a change that it may be both unwilling and unable to effect. If this is true, two questions arise: Click here for the full story by Yanis Varoufakis.


It is a must read and concludes: In short, the plan seems to be to let Greece default in a big way, so as to scare the bankers into accepting new capital, while, at once, grinding the Greek social economy into a pulp to keep Italy and the rest of the NFY member-states in awe and keen to do as they are told. Our collective tragedy is that this plan, like all the others before it, will not work. Why? Because, like all the previous plans, it does not address the eurozone’s systemic Crisis systematically. Because, once again, the powers that be choose to ignore the interconnections between: (a) the banking sector’s insolvencies, (b) the lack of fiscal shock absorbers in case there is a run on the bonds of one or more member-states, and (c) the absence of a decent surplus recycling mechanism that directs surplus into deficit regions in the form of productive investments. As long as this form of  European denial remains, Greece’s reduction to a pile of ashes will only lead Mrs Merkel to a Pyrrhic victory over the banks. 

U.K. Banks Ran ‘Ponzi Schemes’ Before 2008 Financial Crash, Osborne Says

U.K. Chancellor of the Exchequer George Osborne said British bank practices before 2008 resembled “Ponzi schemes,” contributing to the market crash.

The crisis was caused “by the mistakes of human beings,” Osborne told delegates at the Conservative Party’s annual conference today in Manchester, northwest England. He blamed excessive borrowing by the previous Labour government, the creation of the euro and bankers’ risk-taking for the economic problems the U.K. faces.

“The banks and those regulating them believed that the bubble would never stop growing, that markets were always self- correcting, that greed was always good, that their Ponzi schemes would never collapse, and that none of the debts would ever turn bad,” Osborne said. “They let down their customers, they let down their shareholders, and they let down their country.”

A Ponzi scheme is a fraudulent financial arrangement under which investors are paid high returns from the deposits of subsequent investors. Bernard Madoff was jailed for 150 years in June 2009 for masterminding the largest ever U.S. Ponzi scheme.

No U.K. banks have been prosecuted for running a similar operation. Source

UK Poverty To Rise By Over 40%

The coalition's spending cuts will contribute towards a 40 per cent rise in the number of adults living in poverty by 2020 and the biggest drop in incomes for 35 years, the Institute for Fiscal Studies (IFS) has warned.

In a report commissioned for the Joseph Rowntree Foundation (JRF), the IFS said that unless drastic action is taken the number of people living below of the poverty line will rise to 4.9 million over the next eight years.

The IFS report also forecasts a fall in living standards due to high inflation and weak earnings growth that is unprecedented in recent history.

It expects real media household income to be seven per cent lower in 2012/13 than in 2009/10 and to remain below its 2009/10 level until at least 2015/16.

Julia Unwin, chief executive of the JRF, said that people and places in poverty are "bearing the brunt" of government's austerity measures. Source
Angelo: We do not agree with the above statement. The coalition is culpable, but for a different oversight. Not spending money you do not have is not a bad idea, the issue of allowing the people to bear the dept of private bankers and not reviewing the whole fractional reserve fiat money issue is a dereliction of duty given the time that has passed since the story of Northern Rock broke, years. We are willing to accept the direction of the findings of the IFS report. From our own analysis, we predict the financial crisis may possibly result in far worse than their findings. Then again, they (govt.) have also had good cover to avoid progress behind our press-titute media. When is it our fault, today, the 15th October (world revolution day)? 

Boston Police Attack Veterans for Peace

Ron Paul Comments On Wall Street Protest

Babylon's Banksters and Capitalism Collapse?

'Cash grab system cannot survive storm'

There is barely a corner of the globe that has not been touched by the current financial meltdown. But a senior sociology scholar at Yale University thinks the crisis is far wider than the economic crash - it is capitalism itself which is collapsing. ­Immanuel Wallerstein explained his theory to RT. 
Angelo: Does the penny drop? Born around 1970? Your whole confused life in hindsight, generation X are born into the chaos of a new era. The cusp of 500 years. Heightened personal insecurity is hardly surprising in the circumstances. The grey matter has been working overtime, just for you. Then imagine the shift for their parents, the baby-boomers. Could a biblical analogy be that the boomers are like ancient Egypt, X are Moses (they will never see the promised land) and the next group, let us call them the "chosen ones" are the ones who may see the promised land. It is appropriate that we do not conclude today. 

Dr Farrel highlights the historical nature of Bankers destroying economies, he refers to his book called Babylon's Banksters.

Kanye West Shows, Occupy Wall Street Goes Nuclear

Business Insider Reports: Kanye West was just spotted with Russell Simmons at the Occupy Wall Street protests down in Zucotti Park.

Cue Wall Street protesters wishing for a Kanye re-mix of one of their catchy chants, which you can learn here >

UPDATE: He left. Everyone started freaking out about him showing up.

When asked about the protests Simmons told us: "I'm here everyday. We need to take the money out of politics. It's as simple as that."

When we asked Kanye what he thought of the Occupy Wall Street movement, he didn't respond.

He's definitely the biggest celebrity to appear so far. (Russell Simmons, Susan Sarandon, and a few others have shown up.) 

Julia LaRoche took Kanye's picture:
Source

Infowars Secret Camera Footage of Fluoride Facility

Celente, Total Global Financial Collapse

"It’s like Bernie Madoff said, ‘The US is one big Ponzi scheme.’  From the king of Ponzi he knows what he’s talking about.  All they can say in the mainstream media is that it’s a buying opportunity as they sucker people back into these markets.  Did you ever here them say, ‘It’s a selling opportunity?’  Not one of them, they’re a bunch of whores.” Source

WWWAR On Journalism

Geraldo and Fox Run Away from Wall Street: Fox News correspondent Geraldo Rivera attempted to report from the Occupy Wall Street protests in Lower Manhattan today but was forced to abort the broadcast after a throng of demonstrators led a rally of anti-Fox jeers. The incident was caught on camera by RT's Lucy Kafanov.

O'Really v Assange The Juice News

Israeli Extremism Takes More Victims

Israeli extremists attack Palestinian farmers again, injuring three of them and spoiling their olive harvest in the occupied West Bank. On Sunday, dozens of armed Israeli settlers attacked some 50 farmers as they were trying to harvest their olive produce in the city of Nablus in northwestern West Bank, AFP reported. The Palestinian farmers fought back, but were later outnumbered with more and more Jewish settlers coming to reinforce the attackers. An Israeli Army spokeswoman confirmed that one Palestinian had been injured in clashes with settlers.Downplaying the nature of the attack, however, she said, "It's the start of the olive picking season so there were clashes." Since the beginning of September, at least 3,000 olive trees and grape vines owned by Palestinians have been cut or burned by Israeli extremists, according to the latest statistics released by the Palestinian Authority. Source