Expected American Economic Collapse in 2014
What was the real cause for the whole mess! When you lend to people who can't pay back and multiply it by trillions, you get into a whole lot of trouble. Even worse is when the government gets involved. The GLB didn't truly deregulate but actually gave the Federal Reserve more power. At least it helped strengthen privacy laws for customers.
the problem is stupidity spending your credit to a negative."
The problem is the notion of spending credit in the first place. Its not money. A debit card is a different animal.
Solution :
#1) Put Glass-Steagall back into place (thank you Bill Clinton for starting this mess)
#2) Start putting some of the Wall Street and Bankster Criminals on trial (there were over 800 convictions during the S&L crisis .... ZERO for this meltdown)
NOTHING has changed since the 2008 meltdown! Your points are well taken, but history will repeat and it will be far worse than 2008.
Friday, June 7, 2013
Obama: We Cannot Have 100% Security, 100% Privacy and 0% Inconvenience
President Obama: We Can't Have 100% Security, 100% Privacy and 0% Inconvenience
Friday June 7, 2013 While in California to meet with the Chinese President, Pres. Obama delivers remarks on the Affordable Health Care Act and answered a question on intelligence gathering of phone calls and emails.
F. William Engdahl | Oil Wars, Gods of Money, and Seeds of Destruction
F. William Engdahl | Oil Wars, Gods of Money, and Seeds of Destruction
S y n o p s i s
The myth of oil scarcity has allowed four giant corporations along with a handful of Wall Street banks to control the world's largest and most essential commodity, oil. The myth originated in the 1950's from a geologist at Royal Dutch Shell. It was revived in 2003 in time for the US invasion of Iraq. The reality is quite different from claims of Peak Oil. In reality the world is running into oil and not running out of oil.
Oil does not come from the accumulation of algae, plankton or dinosaur remains. In fact, Russian researchers, over decades of testing and observation, concluded that oil fields dot die. They constantly renew themselves. But we are told otherwise to perpetuate the scarcity myth.
The wars in Africa, the 'Arab Spring', Iraq—are all to maintain a lock-grip control of the world's known oilfields. The myth of scarcity has been a pillar of their power and in fact of the power-projection of the United States as sole superpower. As Henry Kissinger said, "If you control the oil you control entire nations." The opposite is also true--If oil cannot be controlled the controlling powers lose their control over other nations and the wars that go with it.
The dollar financial system of Wall Street was born not at a conference in Bretton Woods New Hampshire in 1944. It was born in the first days of August, 1945 with the dropping of the atomic bomb on Hiroshima and Nagasaki. After that point the world was in no doubt of who was the power to reckon with. Tonight, we will trace the history of money as an instrument of power; and trace the evolution of that power in the hands of a tiny elite that regards themselves as, quite literally, gods- We will discuss how this group of psychopaths abused their power and how they systematically set out to control the entire world.
We also discuss how a small socio-political American elite seeks to establish its control over the very basis of human survival, the provision of our daily bread. Control the food and you control the people. There is a World of profit-driven political intrigue, government corruption and coercion, where genetic manipulation and the patenting of life-forms are used to gain worldwide control over food production.
B i o
F. William Engdahl is one of the more widely discussed analysts of current political and economic developments. In addition to discussing oil geopolitics and energy issues, he has written on issues of agriculture, GATT, WTO, IMF, energy, politics and economics for more than 30 years, beginning with the first oil shock and world grain crisis in the early 1970's. He is the author of many books translated into 11 foreign languages, including Full Spectrum Dominance, Seeds of Destruction, A Century of War, Gods of Money, and the most recent: Myths, Lies and Oil Wars. William Engdahl tries to shed light on various dark corners so that ordinary people will get an idea of what has been done to us and how to act accordingly.
S y n o p s i s
The myth of oil scarcity has allowed four giant corporations along with a handful of Wall Street banks to control the world's largest and most essential commodity, oil. The myth originated in the 1950's from a geologist at Royal Dutch Shell. It was revived in 2003 in time for the US invasion of Iraq. The reality is quite different from claims of Peak Oil. In reality the world is running into oil and not running out of oil.
Oil does not come from the accumulation of algae, plankton or dinosaur remains. In fact, Russian researchers, over decades of testing and observation, concluded that oil fields dot die. They constantly renew themselves. But we are told otherwise to perpetuate the scarcity myth.
The wars in Africa, the 'Arab Spring', Iraq—are all to maintain a lock-grip control of the world's known oilfields. The myth of scarcity has been a pillar of their power and in fact of the power-projection of the United States as sole superpower. As Henry Kissinger said, "If you control the oil you control entire nations." The opposite is also true--If oil cannot be controlled the controlling powers lose their control over other nations and the wars that go with it.
The dollar financial system of Wall Street was born not at a conference in Bretton Woods New Hampshire in 1944. It was born in the first days of August, 1945 with the dropping of the atomic bomb on Hiroshima and Nagasaki. After that point the world was in no doubt of who was the power to reckon with. Tonight, we will trace the history of money as an instrument of power; and trace the evolution of that power in the hands of a tiny elite that regards themselves as, quite literally, gods- We will discuss how this group of psychopaths abused their power and how they systematically set out to control the entire world.
We also discuss how a small socio-political American elite seeks to establish its control over the very basis of human survival, the provision of our daily bread. Control the food and you control the people. There is a World of profit-driven political intrigue, government corruption and coercion, where genetic manipulation and the patenting of life-forms are used to gain worldwide control over food production.
B i o
F. William Engdahl is one of the more widely discussed analysts of current political and economic developments. In addition to discussing oil geopolitics and energy issues, he has written on issues of agriculture, GATT, WTO, IMF, energy, politics and economics for more than 30 years, beginning with the first oil shock and world grain crisis in the early 1970's. He is the author of many books translated into 11 foreign languages, including Full Spectrum Dominance, Seeds of Destruction, A Century of War, Gods of Money, and the most recent: Myths, Lies and Oil Wars. William Engdahl tries to shed light on various dark corners so that ordinary people will get an idea of what has been done to us and how to act accordingly.
NSA: The Biggest Security Leak of the 21st Century?
June 7 (Bloomberg) -- Bloomberg Contributing Editor Richard Falkenrath discusses the government's confirmation that they are monitoring communications for national security interests. He speaks on Bloomberg Television's "Bloomberg Surveillance."
U.S. Unemployment Rate Climbs to 7.6%
June 7 (Bloomberg) -- Bloomberg chief Washington correspondent Peter Cook reports that the jobless rate climbed to 7.6 percent in May from a four-year low as 175,000 jobs were created. He speaks on Bloomberg Television's "In The Loop."
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It's totally not just a dollar being devalued through massive M3 monetary base expansion by the Federal Reserve, causing price inflation in goods and markets while creating absolutely no real growth, capital growth, or good investment.
Our wise overlords couldn't possibly be wrong THIS time around