Good Tidings To All
Now, now -- this is no way to treat the drug lord monarch of all west herds. After all, he's bringing the Freeworld some wonderful winter solstice prezzies. And judging from the cheerful wassailing resounding from every corner of our planet, it's gonna be a fun xmess.
But just before we unwrap some of the holiday boon Santa Obama has hid under the tree for the yank baboon, let's have a listen to some of the carolers from around our planet.
Chinese rear admiral starts the festivities with a powerful tenor: “China will not hesitate to protect Iran even with a third world war.”
Amid the madcap EUnuchia, Serbians are becoming Russian en masse singing that it's not just Kazakhstan, Belarus, but also Kosovo growing Russia's borders now. And let's not forget that Santa Claus himself is now living & manufacturing prezzies in Russia due to the fun discovery of the Lomonosov Ridge some years back.
From the peaks of the Karakorams, we hear that Pakistan slammed NATO's talons in the south gate to Afghanistan. Russia harmonises with a mezzoforte that the north door is about to be bolted as well. Now, this symphony truly rhymes. Open the door, let them in, and then shut it on them. How scintillating.
Pakistan voices are singing sweetly of a new policy, which will target and down USA drones.
Russia then takes a hammer-on solo confronting the west hoards of child-murderers in Syrian waters, while delivering missile shield and other such xmess ornaments to Damascus.
The baboon snarled bearing missing fangs but Russia submitted the monkey a finely tuned partiture of continuing providing arms to Syria for the upcoming concerts.
From the south Atlantic, we hear the pianissimo of Argentina as it's making a bid for her Malvinas. It's a good time too for the Britzies are going to be somewhat battered as they try squeezing out of the 4th Reich.
Despite Mr Dulles having, once upon a time, worked around the clock creating all sorts of int'l implements including the UN to give USA int'l WMDs, a new Freeworld choir made of 33 nations is not only singing Bolivar stanzas, but not one of the choristers is Baboonistani.
And Iran picks up the holiday coda with a refrain that it shall have its nuke way despite the west rabid barking.
If these carols, impossible just a few years ago, fail to put you in the right festive mood, let's have a rummage through the "Change" gift bag of our comrade Obama as he slides into all the baboon hovels either via facebook or chimney.
(1) Comrade Obama promised to re-investigate 911.
Santa Obama closed all such files, widened prohibition of questioning officials about it, and slapped an indefinite moratorium on the whole touchy matter.
(2) Comrade Obama promised to reverse Bush II tax breaks given to the opulent USA 1%.
Santa Obama couldn't find the time during his entire busy reign to even so much as bother self with such nonsense.
(3) Comrade Obama promised to raise the minimum wage.
Santa Obama evidently got this mixed up a bit. Instead of raising the minimum wage, he raised the maximum one to the tune of some 5T USD.
(4) Comrade Obama promised to expose the shady fiscal doings of the "bailout" firms & banks.
Santa Obama not just closed and, for good measure, lost all the books, he also drove the bailout theft to new record heights. He enjoyed it so much that he got a bit careless and eventually caught doing a little personal undisclosed 7B USD bailout on a side.
(5) Comrade Obama promised to stop all the reckless Bush II bailout underwritings.
Santa Obama spun up the cash printers so much that he managed to heap a cool 5T USD on the baboon's already pretty prolapsed wallet. BTW, this is also a record of sorts. What Bush II did in his entire eight yrs, comrade Obama managed in three and half. Plus, note the exponential behaviour of the wonderful west-wide terminal prolapse. And no, there is no force in the galaxy that can stop it. In fact, it's so west-wrecking, that it'd be most surprising if the west betters didn't bestow some econ nobel piece prize on him.
As such, Santa Obama gave the baboon a debt-to-GDP exceeding 100% catching up with Ireland, Italy, and Greece. And this is counting the USA GDP 100% BS, which counts cash prints as "income" beside the many other numerical perversions common down their way.
(6) Comrade Obama promised to make at least 10% of USA energy reusable by the end of 2011.
Santa Obama did no such thing of course and instead bent backwards to protect the int'l oil magnates by giving them USA police and coast guard protection from prosecution and press. He then rewarded the maniacs that destroyed the Gulf of Mexico with zillions in bonuses and some 300 new permits for a new drill&frack bonanza.
(7) Comrade Obama promised to close USA concentration camps and stop USA torture policy.
Santa Obama increased the torture policies adding USA baboons as fair-play toys of the NWO Pt2 junta that's been waging war against our planet and all life since they did 911.
Perhaps pointless to add, Santa Obama closed no camps and instead gave us an xmess discovery of yet more torture dungeons found this time in Romania.
(8) Comrade Obama promised to pull out of Iraq by Apr 2009.
Santa Obama is still there.
(9) Comrade Obama promised to pull out of Iraq by Aug 2010.
Santa Obama is still there.
(10) Comrade Obama promised to pull ouf of Iraq by the Dec 2011.
Santa Obama is still there.
(11) Comrade Obama promised a diplomatic solution to Iran's getting off its knees.
Santa Obama diplomacy is a codeword for WW3 threats, sanctions, and the activation of the M Brotherhood, armed mercenary legions, and the Kurd factor in hope to at least set Iran's borders ablaze.
(12) Comrade Obama promised, in general, to stop all wars.
Santa Obama added to the fat west psychosis dossier Yemen, Niger, Somalia, Central Africa, Palestine, Libya, and Syria. Plus he's prodding Moscow with Romanian-Poland missile trench and, of course, China with the recent conquest of Darwin.
(13) Comrade Obama promised fiscal responsibility bringing USA back to growth by profit, which, of course, was an oxymoron to begin with.
Santa Obama has already maxed out the recently upped borrowing limit of 15T USD. The only growth he's managed appeared in the areas of unemployment, food stamp population, and the abject poverty herd size. It would be wrong, however, to deny Santa Obama his right due. After all, he has managed to grow a few markets like the Afghan heroin harvest by some 60%/yr and the old USA favourite pastime of smuggling drug cartel weapons.
Still, both achievements can be categorised no more than too little too late for Santa Obama's econ policies are no longer measured by boring numerical blither but by the clashes twixt his robocop elves and the new 2011 USA species, the street baboon.
(14) Comrade Obama promised two state solution for Palestine.
Santa Obama continues happily to support the ongoing Palestine genocide.
(15) Comrade Obama promised to secure "loose nuke" material.
Santa Obama failed this while ironically also failing to deliver coolant to Japan -- although his elves tried lying about it -- which directly added, if not directly caused, the WMDisation of Japan.
(16) Comrade Obama promised to uphold freedom to unionise and pass Employee Free Choice Act to halt the exploitation of USA worker by insurances, banksters, and other such parasites.
Santa Obama made no attempts whatever to affect the worker's life -- unless putting a jackboot in worker's face counts.
And the most fun prezzie of all are the hundreds of millions of the USA plateau baboons who -- if they ever manage to unwrap these priceless gifts with their illiterate minds and street-scraping knuckles -- believe this ridiculous comedy to be the "Change" they were promised.
Of Our Favourite Toy, The 4th Reich
When's the last time west got something right? Not this millennium, certainly.
911 was sloppy. The WMD lies were wincingly embarrassing. The Nigeria uranium trick badly backfired. Ferrying explosives Chicago way vapourised in a missile crater somewhere in Utah. Even with the 50B USD/yr profit from peddling heroin, the less said about the decade-long Afghanistan sinkhole the better. Allowing the baboon vote rigging to go public was careless at best. The EUnuch referendums were so riddled with incompetence that, apart from the few vote corrections, they were more effective untouched.
The Russia prod in 2008 lost the poor tie-eating Mikheil his cherished nation and NATO its dear launch codes. The air assault on Lebanon was hampered by the surprising (to west, of course) S2A defences. EUnuch attempts to liberate selves from Russia's gasline tempering whimsy have all but vanished like the zillions down the CERN black hole machine. EUnuch fiscal acumen is now measured by the sound of west knees polishing the floors of Beijing. What's next? Begging Brazil, Venezuela?
With skulls cracking under the robocop jackboots in all west streets today, the world's greatest marketing scheme seems to have come unraveled like the Wall St derivative gig. Some may even say the west love affair is over with words like freedom, democracy, and all the other nauseating dildo terms with which the west washes the blood off its talons and fangs.
And what's Mr Goebbles doing in the EUnuch Brussel Reichstag? Direct bloodline or not, it hasn't been that long just yet. And a nazi boy for a pope now once again shouting for NWO global diktat? A drug lord for USA prez? Some might say this is either a bit premature or downright reckless. Take EUnuchia for example.
Before the 4th Reich could even goose-step onto the world stage, it's half dead dragging behind it IV tubes pumping some Micky Mouse cash into its varicose veins. It's down to letting the Chinese now cherry pick railroads and factories while Brazil & Russia snoop around waiting for the out-of-business sale. Embarrassing bond spreads, ECB bond failure followed by German bond failure -- and that's German, the very workhorse, backbone, and architect of the glorious Reich. Since when are third world markets allowed to display such contempt to the pretty ubermensch's bonds? And let's be clear, it's only been four years since the 78K word Lesbian treaty was finally jerry-rigged and there have already been two coup d'etats.
Beside inventing cretinous slogans and euphemisms like "more EU, not less!", "firewall", "haircuts", "bank refinancing", "debt to equity conversion", "political clout confidence", "containment of contagion", and "monetisation of debt" and murdering defenceless children, what good is west?
And perhaps more astonishingly, it's as though not one among them grasps this galactic record of failure. Well, that's not totally true. There seems to be one in the whole of the west cesspit.
Here's N Farage stripping the Hitler's wetdream bare.
A bit more with Nigel. Pt1...
... and Pt2
Nigel comments on Slovakia getting the "Greece bailout" vote eventually correct. BTW, that's not true what that daft BBCNN whore says. The Slovakia ruling party didn't lose power because the EUnuch bailout lost the vote. The ruling party was forced to barter early elections for a yes re-vote. Now the 5M trapped in Slovakia are on the hook for 8B EUR to their EUnuch betters. It's nice to see that EUnuch democracy is intact even on its peripheries reflecting the real needs of the hapless members caught in the Berlin web drained of life each few months like flies in a spider web.
And this is what the ungrateful Greeks think of the Germans bearing bailout gifts.
And so here we are pouring pints, laughing, cheering, and enjoying the last seconds of the comedy called west as the child-murdering patient slips deeper into coma. No, this isn't an exaggeration.
Germs, the engine, as they say, of EUnuchia, has at last contracted the rigor mortis bacterium and is, like ECB, now unable to convince primarily China its debt is safe. Even EFSF (Their "stability " fund) has come clean admitting to the abject Germ bond failure pushing the whole of the 4th Reich amalgam into an amusing existential crisis.
And so the hysterics spread. Poland screams the A word (yes, that'd be "apocalypse"). The Italian coup d'etat junta crawls to IMF for 600B EUR -- being with Spain on the verge of default. Funny that it was Warshington -- seemingly no geographical bit of EUnuchia at the moment -- who had to rush to dismiss the Italian knee-jerk reaction as no more than a malicious rumor. They however didn't bother trying to hide perhaps the most telling event in the recent wall-to-wall prolapse of the whole of the west.
USA central bankster overnight slashed the dollar price by 50% for his EUnuch cousin. ECB is right now loading up on this cheap tender with which it buys EUnuch peripheral bonds. This, of course, isn't going to achieve anything for west. But it highlights the split of EUnuchia into the good and bad, or rather more apltly der ubermensch and the subrace swill fit to slave for Berlin.
Herr Merkel, and quite understandably, refuses to debate eurozone bonds, which despite leveling yields into one wouldn't gain much in attractiveness. This would plunge Germs into the darkness of the common EUnuch stock and she -- hanging onto hope with her dear life of somehow being able to extricate Germs in the future from this west failure, prefers to keep the ubermensch status.
As such the Reichstag is favouring harsher hardline policies, stricter haircuts, and even nonsense like slapping fines on delinquent neighbours. Imagine the psychosis required to invent this one. While they're writing off 50% of Greek debt they want to increase Greek debt by additional fines.
And while China ignores Germ bonds, it apparently prefers a slightly more realistic approach to solving the west rot. It's offered to buy up EUnuch railroads and some of its still standing factories. Yes, this is very much an existential matter for our beloved EUnuchs.
If the west monkeys, who for a decade enjoyed their war crimes on their wide screen TVs, wind up slaving 24/7 in EUnuchia-based though not EUnuch-owned sweatshops making toys and garments for the Freeworld, they'll be able to consider themselves extremely lucky.
And remember, these loons wanted to dictate our whole planet.
911 was sloppy. The WMD lies were wincingly embarrassing. The Nigeria uranium trick badly backfired. Ferrying explosives Chicago way vapourised in a missile crater somewhere in Utah. Even with the 50B USD/yr profit from peddling heroin, the less said about the decade-long Afghanistan sinkhole the better. Allowing the baboon vote rigging to go public was careless at best. The EUnuch referendums were so riddled with incompetence that, apart from the few vote corrections, they were more effective untouched.
The Russia prod in 2008 lost the poor tie-eating Mikheil his cherished nation and NATO its dear launch codes. The air assault on Lebanon was hampered by the surprising (to west, of course) S2A defences. EUnuch attempts to liberate selves from Russia's gasline tempering whimsy have all but vanished like the zillions down the CERN black hole machine. EUnuch fiscal acumen is now measured by the sound of west knees polishing the floors of Beijing. What's next? Begging Brazil, Venezuela?
With skulls cracking under the robocop jackboots in all west streets today, the world's greatest marketing scheme seems to have come unraveled like the Wall St derivative gig. Some may even say the west love affair is over with words like freedom, democracy, and all the other nauseating dildo terms with which the west washes the blood off its talons and fangs.
And what's Mr Goebbles doing in the EUnuch Brussel Reichstag? Direct bloodline or not, it hasn't been that long just yet. And a nazi boy for a pope now once again shouting for NWO global diktat? A drug lord for USA prez? Some might say this is either a bit premature or downright reckless. Take EUnuchia for example.
Before the 4th Reich could even goose-step onto the world stage, it's half dead dragging behind it IV tubes pumping some Micky Mouse cash into its varicose veins. It's down to letting the Chinese now cherry pick railroads and factories while Brazil & Russia snoop around waiting for the out-of-business sale. Embarrassing bond spreads, ECB bond failure followed by German bond failure -- and that's German, the very workhorse, backbone, and architect of the glorious Reich. Since when are third world markets allowed to display such contempt to the pretty ubermensch's bonds? And let's be clear, it's only been four years since the 78K word Lesbian treaty was finally jerry-rigged and there have already been two coup d'etats.
Beside inventing cretinous slogans and euphemisms like "more EU, not less!", "firewall", "haircuts", "bank refinancing", "debt to equity conversion", "political clout confidence", "containment of contagion", and "monetisation of debt" and murdering defenceless children, what good is west?
And perhaps more astonishingly, it's as though not one among them grasps this galactic record of failure. Well, that's not totally true. There seems to be one in the whole of the west cesspit.
Here's N Farage stripping the Hitler's wetdream bare.
A bit more with Nigel. Pt1...
... and Pt2
Nigel comments on Slovakia getting the "Greece bailout" vote eventually correct. BTW, that's not true what that daft BBCNN whore says. The Slovakia ruling party didn't lose power because the EUnuch bailout lost the vote. The ruling party was forced to barter early elections for a yes re-vote. Now the 5M trapped in Slovakia are on the hook for 8B EUR to their EUnuch betters. It's nice to see that EUnuch democracy is intact even on its peripheries reflecting the real needs of the hapless members caught in the Berlin web drained of life each few months like flies in a spider web.
And this is what the ungrateful Greeks think of the Germans bearing bailout gifts.
And so here we are pouring pints, laughing, cheering, and enjoying the last seconds of the comedy called west as the child-murdering patient slips deeper into coma. No, this isn't an exaggeration.
Germs, the engine, as they say, of EUnuchia, has at last contracted the rigor mortis bacterium and is, like ECB, now unable to convince primarily China its debt is safe. Even EFSF (Their "stability " fund) has come clean admitting to the abject Germ bond failure pushing the whole of the 4th Reich amalgam into an amusing existential crisis.
And so the hysterics spread. Poland screams the A word (yes, that'd be "apocalypse"). The Italian coup d'etat junta crawls to IMF for 600B EUR -- being with Spain on the verge of default. Funny that it was Warshington -- seemingly no geographical bit of EUnuchia at the moment -- who had to rush to dismiss the Italian knee-jerk reaction as no more than a malicious rumor. They however didn't bother trying to hide perhaps the most telling event in the recent wall-to-wall prolapse of the whole of the west.
USA central bankster overnight slashed the dollar price by 50% for his EUnuch cousin. ECB is right now loading up on this cheap tender with which it buys EUnuch peripheral bonds. This, of course, isn't going to achieve anything for west. But it highlights the split of EUnuchia into the good and bad, or rather more apltly der ubermensch and the subrace swill fit to slave for Berlin.
Herr Merkel, and quite understandably, refuses to debate eurozone bonds, which despite leveling yields into one wouldn't gain much in attractiveness. This would plunge Germs into the darkness of the common EUnuch stock and she -- hanging onto hope with her dear life of somehow being able to extricate Germs in the future from this west failure, prefers to keep the ubermensch status.
As such the Reichstag is favouring harsher hardline policies, stricter haircuts, and even nonsense like slapping fines on delinquent neighbours. Imagine the psychosis required to invent this one. While they're writing off 50% of Greek debt they want to increase Greek debt by additional fines.
And while China ignores Germ bonds, it apparently prefers a slightly more realistic approach to solving the west rot. It's offered to buy up EUnuch railroads and some of its still standing factories. Yes, this is very much an existential matter for our beloved EUnuchs.
If the west monkeys, who for a decade enjoyed their war crimes on their wide screen TVs, wind up slaving 24/7 in EUnuchia-based though not EUnuch-owned sweatshops making toys and garments for the Freeworld, they'll be able to consider themselves extremely lucky.
And remember, these loons wanted to dictate our whole planet.
West Prolapse In Own Words
Oakland, Baboonarium. The cam holder gets rubber bullet shot. Who'd have believed that bullets would be exchanged twixt the west robocops and populace only five yrs after the nuking of the west cash monopoly?
Oakland again as festivities continue with some 100K marching somewhere.
USA food stamps clocked at 46M. Note the leaning S curve, a classic sign of exponential behaviour: fast take off, inflection pt at 2009-2010, and diminishing return area now. The implied asymptote is not improving conditions, as certainly the west BBCNN whores will shout now, but the governance reluctance to print more food stamps. This is how west keeps unemployment in the "healthy" 20% band. They simply cut unemployment benefits where the statistic requires it. This will in turn exponentially increase the "occupy" crowds though sadly not the acumen and so they'll march on somewhere with placards that make no sense, even to them.
Pink=earnings with degree, Blue=cost of degree. Note here the flagging uncertainty following 911 and then the beautiful certainty following the 2006 dollar obliteration. BTW, the cumulative prolapse of student loan default is gonna be bursting to the tune of 1T USD in USA alone. Yes, students are west's future.
So how does comrade Obama respond to the growing disgruntlement of his nation? He invades Nigeria and sends troops to Australia to somehow protect his Taiwan arms sales while thwarting the "China threat". Now, is this the same China that EUnuchs a few days ago begged for a handout? Could anyone in the galaxy script this wonderful comedy any better, which is played out daily in the heap of the west very own headlines?
LoonDen 9Nov11. Marching charging feet... Indeed, in the sleepy Loonden town there's no place for anyone but lizards, hybrid lizards, and their armies of lizard twonks. How is it that it's taking this long for the west crowds to grasp this immensely simplistic concept that was lain bare a decade ago?
In the meantime, "Prime Minister David Cameron warned squabbling eurozone leaders "the world can't wait" for them to finalise plans to bailout Greece, recapitalise banks and erect a one trillion euro (£870bn) "firewall"..."
Is this real? Be it a voice of a yank park Occupier or one of west's war leaders, it's 100% pure gibberish. So Mr Camewrong calls for recapitalisation of banks and 1T EUR firewall around Italy...
(BTW, it's too late to wall off Italy. He said this a few days ago and it's already too late for that idea. A mere week later and they need a 1,5T EUR firewall around Spain, Portugal, etc.)
So what is this black magic of "firewalling" and "recapitalisation"? Again, both voodoo terms come from the famous west dictionary of lies, mindrape twistings, and the endless famous cretinous euphemisms -- BTW, the thickest book in history of mankind.
What the EUnuchs mean by firewall is pre-bailout Basically, instead of pushing themselves to the border of a self-default with bald leaders ruining G20 orgies, they now advocate the idea of establishing a preemptive bailout fund to the tune of 1T EUR or as IMF'd prefer 1,5T EUR. How is this a firewall? It's not. How is this a solution? It's not. How does this make sense then? It doesn't. It's west. It's just insanity, comedy, and word rape. Firewall = a fund to proactively fund the prolapsed west banksters via these national "bailouts" (another euphemism). Just more of the west psychotic comedy from the very loons that have brought you the glory of 911, London77, endless war crimes, child & organ traffic, active wars in a dozen nations, Japan's multiple open-air fissions, HAARP weather, mercury vaccines, and the very looming prospect of the very last world war.
"Recapitalisation" is, of course, also straight from the same west book of twisted smarm. Recap of banks means rinsing the accounts for more cash to the tune of some 200-400B EUR by haircutting (also their latest smarm) dividents, earnings, loans, and assets. Another pile of manure in short. And notice that Mr Camewrong manages to squeeze two utter nonsenses into one single sentence, an achievement worthy a west leader or a skilled BBCNN whore. And further note, no one in west is so much as questioning such spraffing blather.
No one even asked Mr Camewrong to be so kind and explain how -- if the pathetic ECB liquid sucking banks raise ~300B EUR on some garage sale of their desks and old computer rubbish -- will this change anything? And that's because the answer is evident.
Recap of banks solves nothing. At the end of the day, whether the collection of EUnuch banks rinse 30% of what just the Italy firewall requires while getting a free print of 20B EUR from Germs to boot or not, the peripheral bond monthlies need be paid up to the very west war and child-murdering pedophile machine that prints the tender in the first place. It's a rather bizarre merry-go-around defining the west psychosis, which only cunningly predicates the total and complete "haircut" of humanity that's still left locked within the west glorious iron curtains.
Take Greece for instance. Greece needed cash last week. Why? To pay the monthlies for the bonds it issued. And who bought the bonds? You? Me? Other readers? Hardly. The very west central bank. And so it happens that what the steaming pile of all the west charlatans -- that still some shocking 25% of the west neanderthals approve as leaders -- call "bailout of Greece" is no more than the bailout of their own fiscal rape of Greece.
In reality, the Greek bailout cash doesn't even touch Greece. All that happens is the concession of Greek property to the beast at the levels set by the round of the bailout. The west bankster not only dictates Greek, Italian, and Spanish policy today but have physically invaded these nations with own peripheral governances. And let's be clear here, this is very much a fiscal-predicated land assault for the guarantees extorted from Greece and the peripherals were in terms of land concessions. And that means that Greece today, her architectural treasures, her beautiful isles and sparkling seas, her olive groves, Ouzo, her traditions are now owned by the west beast. The question remains how the west beast plans to actually take over the property, although that operation, which made the bald guy run amok, has just now begun.
Mr Pompousdreou understood well the latest "bailout" of the beast's bank came with permanent foreign boots on Greek soil and so he panicked as his hours were numbered. BTW, the same goes for Italy and its new junta ushering the beast's stringent austerity and land grab aimed to "haircut" in Greece some whopping 60% of holdings, a total wall-to-wall grab with invasion.
BTW, Pompousdreou wasn't the only clown throwing arms up in the air last week while flashing his bald pate about as the EUnuch manure filled his protester-face-kicking boots.
UK unleashed a tirade at Germs to fix the damn thing for it's "chilling UK econ" and Germs, of course, defended with "either help or shut up". UK then closed the half-time by telling Germs to "quit advising everyone" who in turn pounded their fists on the floor calling for a "new EUnuch order" in a stropping wobbly. France commented the disappointing score by stating that the Greek entry to EUnuchia was a "mistake" and took charge by extending short-sale ban of her fiscal stocks. Then France proposed a bailout bank that gets to directly suckle the ECB tit and quickly pay those who print the tender tender, an idea in insanity on par with the UK firewalling and the bank recapitalisation. Germs didn't like the French bailout bank idea thinking it far too gone and told France to simply bugger off, which it did. The mighty French governance then went on to crawl on its knees to Beijing, which even the French were embarrassed about underlining the west pathetic loss of all leverage over their erstwhile colonies with words "[this belly dance] shows [EUnuch] weakness. How will Europe be able to ask China to stop undervaluing its currency now?"
And the beautiful crazed circus of the prolapsed west was concluded with EFSF -- which stands for the farce of it all: EUnuch Fiscal Stability Facility -- hinting that "the bailout fund could one day issue bonds in yuan". And funnily enough, ECB (central beast bank), had nothing to say at all except admitting with addled shoulder shrugs to running out of ideas. After all, what could EUnuchs say after suffering the screaming shame of not being able to raise even a pansy 5B EUR in the latest bond issue -- and those were a 70 yr bonds, which means not even the west banksters now believe that 3 generations of the west monkeys could change the current course of west.
All the west has left now is re-definitions of words and concepts that all mean one thing: a sweeping wall-to-wall cataclysmic wonderment of the irreversible terminal prolapse of all things west.
And so west does the only thing it finds sensible: it continues readying for WWIII and the star wars, which became evident at the end of 2008, continue with the recent destruction of a 7 tonne Russian satellite, following the downing of USA's one on 24Sep11 and Germ one on 23Oct.
And who's the guilty one for the current desperate state of matters on this planet? Yes, that's right, the marching crowds of the west neanderthal monkeys.
They grew fat on slurping the blood of this planet since forever the west beast's been disgorged from the Baltic moors. They enjoyed the benefits of the Arabian genocide of drinking crude for 100 yrs. They tried pulverising Russia to pave way to total planet domination several times in the 20th century. They love hating everything non-freckly. They created and continue to enable the beast. For a decade they accepted its crimes including the self crimes of 911 and Loonden77. They bolstered the evil. Still today they drink deep of the BBCNN sewage paying programme fees. They enjoyed the genocides unleashed on defenceless children around the globe on their BBCNN idiot boxes. They voted for more wars. Without a word, they accepted the comrade Obama's Change charade. And now they're en masse looking away from the real crimes, from the real criminals, banding under incoherent madhouse Occupy placards, which address no part of reality. (just youtube "Occupy comments" to see the manure sloshing in the skulls of the street baboon) And now they'll march into WWIII when called upon by their 2012 leaders. They're already in a pre-election frisson over Ron Paulie, another shape-shifter lying in wait for his turn at the beast's transgressions against our planet, humanity, and all things sacred.
Letter From Poland
This is a Dutch documentary on the mysterious death of the Polish Government in April 2010. An incident that has not received the attention and scrutiny it deserves, because the most hostile anti-Russian regime in Europe was literally wiped out. The geopolitical implications and repercussions of this incident has yet to be truly felt or understood.
Letter from Poland / Brief uit Polen (2010) from disinpho on Vimeo.
Trending now: West Prolapse & Other Such Soirees
Oakland, West Baboonistan. Tear gas, rubber bullets, arrests, 25Oct11.
Meanwhile, for the wonderful eco-destruction of the Gulf of Mexico and the Gulf Stream, comrade Obama grants BP permission to drill hundreds of new such disasters. Maybe comrade Obama's generosity could be explained by him getting the unusual tzar-like power to wage any war he or his wife wishes and apparently to infect USA children with anthrax so that the governance can heal them again. At least Hitler in the 30s kept his medical experiments under the wraps. But what could be expected from the governance of the biggest drug lord on earth? After all, in 2008/9 comrade Obama told all he's protecting Afghan "heroin crop and manufacturing". That was no joke, his governance is caught now red handed running guns for drug wars.
Meanwhile, comrade Obama invades a few African nations, drone-murders people in Somalia, attacks Yemen, sends his hired psychos to Syria, puts Pakistan in the cross-hairs, aims rockets on Moscow, and makes a 911-like pretext to hit Iran. Let's hope this is the "change" the baboons can still believe in.
Someone explain how isn't any of this making the Occupy placards, of course including 911? Compared to these mind-stopping continuous crimes against humanity, the institutional larceny the street protesters are complaining about, is silly. The whole Occupy movement across the central west lands feels like complaining about Jack The Ripper for parking in the red zone while going a-slashing.
NY
On a good note, the baboon bank death rate = 1 per 3,5 days, weekends included, which has eaten some 84 banks thusfar this yr. Just for fun, BoA defrauded 1B USD and paid 285M USD. Watch comrade Obama print the BoA chieftains zillions in bonuses for a crime well done.
Portugal
Greece. Our Greek brothers still leading the way. Note helmets, sticks, and even gas masks among the protesters. The clashes of humanity against the beast are backed by the nation's numinous solidarity manifested in a series of general strikes.
Most amusingly, a congress person was booted for refusing further "austerity", a west lizard euphemism for collective poverty punishment.
Greece, once more. And the saxon lizard said that "Greeks are lazy"?
Meanwhile, EUnuchs settle on some 130B EUR "bailout" pretext under which Germs invade Greece with permanent ground contingent of invigilators to assure Brussel dictate "reforms" are implemented.
This amusingly accelerates the baboon prolapse for they're now on the hook for some 1T USD in new taxes and 3T USD in cuts. This comes after recently comrade Obama upped the borrowing to 15T USD, which is already exhausted. That's a burn rate of ~2T USD/3 months or 1B USD each and every hour. At this rate it would cost more to spend it than what it's worth.
Expect the BBCNN whores soon to celebrate these wonderful fiscal policies by showing a dramatic decrease in the number of baboons on food stamps -- of course not cause the baboon found food elsewhere but cause they won't be printing as many food stamps. This is precisely the same syphilitic technique the west juntas use to keep their unemployment down.
At the same time, while postponing for a bit the embarrassment of the 4th Reich breaking up, EUnuchs are apparently crawling the Beijing carpets begging for a 1T EUR handout. Now what could the laughably prolapsed entity, beside unskilled manufacturing labour and snail sandwich, be offering to Hu?
Germany & Spain. It rather seems that it's the Germs who are lazy and, let's be clear, retarded, lagging on the understanding of the west beast's crimes with such an embarrassing delay only echoed by UK and, of course, the baboon.
As some of EUnuch lands suffered more credit-rating downgrades, Berlin solved the pesky problem: if rating cuts continue they shall be forbidden. This is precisely what Bush II did with his cash printing. He simply made it illegal to publish M3, without which the astronomical hyperinflation of the west cesspit can't be worked out. This just to illustrate the clever solutions the west beast has at it its disposal in its last days. In other words, don't be fooled by any of the rabid barking from any of the west governances and their BBCNN pack of whores.
Rome. Not far behind Greeks. EUnuchs told Rome to "stop rotting EU". Not a joke! Yes, that's how truly psychotic is the west sickness.
Meanwhile, as the street flames begin licking the Vaticunt stone walls, the west mindrape machine calls for the rise of global fuhrer, or "global authority" as the nazi popes prefer to call it. Consider this a spiritually uplifting sign of this unusually diseased parasite losing grip.
Loonden, the benighted bit of west, still insists on chatting, as if the beast could be moved by maundering jeremiads.
Meanwhile, bankruptcies across the drizzly isles rise 11%/y2y.
--
On a technical note, as best as I can figure it, the comments were disabled on the last note by the size of the youtube vid objects plastered in it. So I cropped these accordingly. If the comments are still somehow affected by this post, please know there's no intent or deliberate action behind it.
Yanks Joining In, Are They?
Occupy War Street
Occupy Chicago
Occupy San Francisco
And here the point of this post. While the discontent infects even the mentally slowest nation, their mainscream news whores are reporting this: (not a joke!)
CNN front page boasts: "Knox Says I Did Not Kill", "Greece Budget Misses Targets", "Cheney: Obama Owes Bush Apology", and the ultimate in this baboon farce: "Kiss' Gene Simmons Weds".
MSNBC breaking & top news boast: "Syrian Opposition Pleads For Help", "Arctic Ozone Hole Detected", "Stocks Tank As Greece Misses Targets", "If Intelligent Aliens Exist, What About God?"
Now imagine the kind of cesspit with 100M-150M who are still helplessly glued to their TV tubes grazing on the "top story" truth brought to them by the BBCNN pack of whores.
Of course, not everyone's silent about the unraveling of the very centre of the child-murdering beast. China rebukes the baboon for the black out: US media blackout of protest is shameful and RussiaToday seems to be having a field day with it.
Occupy Chicago
Occupy San Francisco
And here the point of this post. While the discontent infects even the mentally slowest nation, their mainscream news whores are reporting this: (not a joke!)
CNN front page boasts: "Knox Says I Did Not Kill", "Greece Budget Misses Targets", "Cheney: Obama Owes Bush Apology", and the ultimate in this baboon farce: "Kiss' Gene Simmons Weds".
MSNBC breaking & top news boast: "Syrian Opposition Pleads For Help", "Arctic Ozone Hole Detected", "Stocks Tank As Greece Misses Targets", "If Intelligent Aliens Exist, What About God?"
Now imagine the kind of cesspit with 100M-150M who are still helplessly glued to their TV tubes grazing on the "top story" truth brought to them by the BBCNN pack of whores.
Of course, not everyone's silent about the unraveling of the very centre of the child-murdering beast. China rebukes the baboon for the black out: US media blackout of protest is shameful and RussiaToday seems to be having a field day with it.
DEBTOCRACY (FULL - ENG Subs)
For the first time in Greece a documentary produced by the audience. "Debtocracy" seeks the causes of the debt crisis and proposes solutions, hidden by the government and the dominant media.
Editor/Script Katerina Kitidi
Aris Chatzistefanou
Scientific Research Leonidas Vatikiotis
Animation Magda Plevraki
Sokratis Galiatsakos
Music
Giannis Agelakas
Ermis Georgiadis
Aris RSN
Edit Aris Triantafillou
Camera Aris Papastefanou
ulia Reinecke
Coloring Thanos Tsantas
PR Michalis Alimanis
Contributors Aggeliki Gaidatzi
Fani Gaidatzi
Ioulia Kileri
Margarita Tsomou
Production Costas Efimeros
2011 - BitsnBytes.gr
http://www.debtocracy.gr/indexen.html
7/7: Crime and Prejudice
A brand new investigative and analytical documentary from the maker of 7/7: Seeds of Deconstruction. It explores the 7/7 cold case via new evidence from the recent inquests and discusses the war on terror in the context of numerous miscarriages of justice and acts of violence committed by the state.
The first section of the film examines the history of the British state's use of double agents, from the Victorian Anarchists through WW2 to the war in Northern Ireland. It concludes by examining contemporary cases of injustice and violence carried out as part of the war of terror against Muslims.
The second section of the film is a multi-dimensional study of the new evidence made available at the recent inquests. It looks at the evidence of a wider conspiracy and the fundamental flaws in the official narrative and the police investigation. It also discusses why the dialogue about 'intelligence failures' itself fails to address the very real possibility of state involvement in the attacks.
The final section of the film returns to the Anarchists and the case of Martial Bourdin, Britain's first suicide bomber, in 1894. The mythology surrounding Bourdin is used as a foundation for examining the numerous films, tv shows training exercises and real life events that either predicted 7/7 or were influenced by the attacks. The question of conspiracy theories is addressed through an original analysis unique to this film.
7/7 Crime and Prejudice combines a presentation of the cutting edge of July 7th research with a deeply contextual analysis that casts light on largely unexamined aspects of the war on terror.
For further information about 7/7 please visit the website of the July 7th Truth Campaign and their dedicated 7/7 Inquests blog:
http://julyseventh.co.uk/
http://77inquests.blogspot.com/
The Zionist Story. (Full Documentary) & Israeli Myths & Propaganda. Ilan Pappe
The Zionist Story. (Full Documentary)
The Zionist Story, an independent film by Ronen Berelovich, is the story of ethnic cleansing, colonialism and apartheid to produce a demographically Jewish State.
Ronen successfully combines archival footage with commentary from himself and others such as Ilan Pappe, Terry Boullata, Alan Hart and Jeff Halper.
"I have recently finished an independent documentary, The Zionist Story, in which I aim to present not just the history of the Israeli/Palestinian conflict, but also the core reason for it: the Zionist ideology, its goals (past and present) and its firm grip not only on Israeli society, but also, increasingly, on the perception of Middle East issues in Western democracies.
These concepts have already been demonstrated in the excellent 'Occupation 101′ documentary made by Abdallah Omeish and Sufyan Omeish, but in my documentary I approach the subject from the perspective of an Israeli, ex-reserve soldier and someone who has spent his entire life in the shadow of Zionism.
I hope you can find a moment to watch The Zionist Story and, if you like it, please feel free to share it with others. (As both the documentary and the archived footage used are for educational purposes only, the film can be freely distributed).
I have made this documentary entirely by myself, with virtually no budget, although doing my best to achieve high professional standard, and I hope that this 'home-spun' production will be of interest to viewers." - Ronen Berelovich
Full Interview: Professor Ilan Pappe reveals the truth about the 1948 Arab-Israeli War and the ethnic cleansing of Palestine.
Source: Global Information Services.
http://vimeo.com/6977939
The Zionist Story, an independent film by Ronen Berelovich, is the story of ethnic cleansing, colonialism and apartheid to produce a demographically Jewish State.
Ronen successfully combines archival footage with commentary from himself and others such as Ilan Pappe, Terry Boullata, Alan Hart and Jeff Halper.
"I have recently finished an independent documentary, The Zionist Story, in which I aim to present not just the history of the Israeli/Palestinian conflict, but also the core reason for it: the Zionist ideology, its goals (past and present) and its firm grip not only on Israeli society, but also, increasingly, on the perception of Middle East issues in Western democracies.
These concepts have already been demonstrated in the excellent 'Occupation 101′ documentary made by Abdallah Omeish and Sufyan Omeish, but in my documentary I approach the subject from the perspective of an Israeli, ex-reserve soldier and someone who has spent his entire life in the shadow of Zionism.
I hope you can find a moment to watch The Zionist Story and, if you like it, please feel free to share it with others. (As both the documentary and the archived footage used are for educational purposes only, the film can be freely distributed).
I have made this documentary entirely by myself, with virtually no budget, although doing my best to achieve high professional standard, and I hope that this 'home-spun' production will be of interest to viewers." - Ronen Berelovich
Full Interview: Professor Ilan Pappe reveals the truth about the 1948 Arab-Israeli War and the ethnic cleansing of Palestine.
Source: Global Information Services.
http://vimeo.com/6977939
The War You Don't See
The film is a powerful and timely investigation into the media's role in war, tracing the history of 'embedded' and independent reporting from the carnage of World War One to the destruction of Hiroshima, and from the invasion of Vietnam to the current war in Afghanistan and disaster in Iraq. As weapons and propaganda become even more sophisticated, the nature of war is developing into an 'electronic battlefield' in which journalists play a key role, and civilians are the victims. But who is the real enemy?
John Pilger says in the film: "We journalists... have to be brave enough to defy those who seek our collusion in selling their latest bloody adventure in someone else's country... That means always challenging the official story, however patriotic that story may appear, however seductive and insidious it is. For propaganda relies on us in the media to aim its deceptions not at a far away country but at you at home... In this age of endless imperial war, the lives of countless men, women and children depend on the truth or their blood is on us... Those whose job it is to keep the record straight ought to be the voice of people, not power."
The War on Democracy - Covert CIA Terrorism and Subversion in Latin America
The War on Democracy - Covert CIA Terrorism and Subversion in Latin America
Award winning journalist John Pilger examines the role of Washington in America's manipulation of Latin American politics during the last 50 years leading up to the struggle by ordinary people to free themselves from poverty and racism. Since the mid 19th Century Latin America has been the 'backyard' of the US, a collection of mostly vassal states whose compliant and often brutal regimes have reinforced the 'invisibility' of their majority peoples. The film reveals similar CIA policies to be continuing in Iraq, Iran and Lebanon. The rise of Venezuela's Hugo Chavez despite ongoing Washington backed efforts to unseat him in spite of his overwhelming mass popularity, is democratic in a way that we have forgotten or abandoned in the west. True Democracy being a solid 80% voter turnout in support of Chavez in over 6 elections. The War on Democracy demonstrates the brutal reality of the America’s notion of 'spreading democracy'; that, in fact, America is actually conducting a war on democracy, and that true popular democracy is now more likely to be found among the poorest of Latin America whose grassroots movements are often ignored in the west. John Pilger conducts an exclusive interview 'on the road' with President Hugo Chavez of Venezuela. Pilger also goes to the United States and in some remarkable interviews, speaks exclusively to US govt officials who ran the CIA's war in Latin America in the 1980s. This reveals more about US policy than all the statements and postures of recent times; it also reveals how what’s happened in Latin America is a metaphor for how the rest of the world is being 'ordered'. The War on Democracy, however, is a hopeful film, for it sees the world not through the eyes of the powerful, but through the hopes and dreams and extraordinary actions of ordinary people. Although set mostly in Latin America, it is a metaphor for all the world in 2007. --- If you appreciated this documentary and/or would like to view the high quality DVD, please consider supporting the makers (Youngheart Entertainment) by purchasing and/or donating at the below link. http://www.johnpilger.com/ Only the TRUTH will set US free.
Lifting the Veil: Obama and the Failure of Capitalist Democracy
Lifting the Veil from S DN on Vimeo.
Lifting the Veil: Obama and the Failure of Capitalist Democracy
by grtv
"Lifting the Veil is the long overdue film that powerfully, definitively, and finally exposes the deadly 21st century hypocrisy of U.S. internal and external policies, even as it imbues the viewer with a sense of urgency and an actualized hope to bring about real systemic change while there is yet time for humanity and this planet. See this film!"
-Larry Pinkney
Editorial Board Member & Columnist
The Black Commentator
Sub-headed “Barack Obama and the failure of capitalist democracy”, this film explores the historical role of the Democratic Party as the “graveyard of social movements”, the massive influence of corporate finance in elections, the absurd disparities of wealth in the United States, the continuity and escalation of neocon policies under Obama, the insufficiency of mere voting as a path to reform, and differing conceptions of democracy itself.
Original interview footage derives from Noam Chomsky, Michael Parenti, Michael Albert, John Stauber (PR Watch), Sharon Smith (Historian), William I. Robinson (Editor, Critical Globalization Studies), Morris Berman (Author, Dark Ages America), and famed black panther Larry Pinkney.
Non-original interviews/lectures include Michael Hudson, Paul Craig Roberts, Ted Rall, Richard Wolff, Glen Ford, Lewis Black, Glenn Greenwald, George Carlin, Gerald Cliente, Chris Hedges, John Pilger, Bernie Sanders, Sheldon Wollin and Martin Luther King.
Visit http://metanoia-films.org/compilations.php for more info.
Israel the Promised Land for Organized Crime
The always brilliant David Duke once again exposes and explains the duplicity, obfuscations, and criminality of Global Zionism.
http://www.haaretz.com/print-edition/news/wikileaks-u-s-worried-israel-becoming-the-promised-land-for-organized-crime-1.328480
Published 02:25 03.12.10
Latest update 02:25 03.12.10
WikiLeaks: U.S. worried Israel becoming 'the promised land' for organized crime
U.S. Embassy follows Israeli crime families closely and considers them a serious threat, cable shows.
By Barak Ravid
The U.S. Embassy in Tel Aviv sent a cable to the State Department in May 2009 expressing little confidence in the Israel Police's ability to counter the growing wave of organized crime.
The cable, released on WikiLeaks, said the embassy was taking pains to prevent members of crime families from being issued visas to the United States.
The cable, under the headline "Israel, a promised land for organized crime?" notes that the U.S. Embassy was following Israeli crime families closely and considered them a serious threat to the United States. The embassy has set up a database on the subject with the help of Israeli and American law-enforcement agencies.
"Given the growing reach and lethal methods of Israeli OC [Organized Crime], blocking the travel of known OC figures to the United States is a matter of great concern," according to the cable, signed by James Cunningham, the U.S. ambassador to Israel.
The author, however, is probably the Tel Aviv consul responsible for granting visas to Israelis, or perhaps a U.S. law-enforcement attache.
The cable describes the violence among crime families that began in November 2008 with the murder of Ya'akov Alperon. "Israeli crime boss Yaakov Alperon was assassinated in broad daylight in a gruesome attack on the streets of Tel Aviv, only about a mile away from the Embassy."
Also described is the shooting of an innocent bystander on a Bat Yam beach during an attempt on the life of Rami Amira. The assassinations of Abutbul family members in Netanya are also noted.
The authors point to leading Israeli crimes families such as the Alperons, Abergils, Abutbuls, Rosensteins and Shirazis. They focus on gambling, extortion, trafficking in women, loan sharking and control over the recycling market.
Quoting a source, the authors note that "in recent years, however, the rules of the game have changed ... the old school of Israel OC is giving way to a new, more violent, breed of crime."
They note that "the new style of crime features knowledge of hi-tech explosives acquired from service in the Israeli Defense Forces, and a willingness to use indiscriminate violence, at least against rival gang leaders. New OC business also includes technology-related crimes, such as stock market and credit card fraud, and operates on a global scale."
The embassy informs the State Department about a new police unit, "called Lahav 433. The elite unit operates under the direct command of the police commissioner, and is charged specifically with infiltrating and eliminating Israel's major crime syndicates."
The embassy source, however, "expressed skepticism that recent arrests will bear fruit in the long term without a sustained commitment to enforcement. He noted that many of the crime leaders remain active while in prison and their operations are not hampered significantly even when they are convicted and jailed."
The cable notes that it is unclear how far the crime families have penetrated the government, but it mentions the 2004 arrest of former minister Gonen Segev, who tried to smuggle thousands of Ecstasy pills into Israel, and the election of Inbal Gavrieli to the Knesset in 2003.
"The election of Inbal Gavrieli to the Knesset in 2003 as a member of Likud raised concerns about OC influence in the party's Central Committee. Gavrieli is the daughter of a suspected crime boss, and she attempted to use her parliamentary immunity to block investigations into her father's business."
http://www.haaretz.com/print-edition/news/wikileaks-u-s-worried-israel-becoming-the-promised-land-for-organized-crime-1.328480
Published 02:25 03.12.10
Latest update 02:25 03.12.10
WikiLeaks: U.S. worried Israel becoming 'the promised land' for organized crime
U.S. Embassy follows Israeli crime families closely and considers them a serious threat, cable shows.
By Barak Ravid
The U.S. Embassy in Tel Aviv sent a cable to the State Department in May 2009 expressing little confidence in the Israel Police's ability to counter the growing wave of organized crime.
The cable, released on WikiLeaks, said the embassy was taking pains to prevent members of crime families from being issued visas to the United States.
The cable, under the headline "Israel, a promised land for organized crime?" notes that the U.S. Embassy was following Israeli crime families closely and considered them a serious threat to the United States. The embassy has set up a database on the subject with the help of Israeli and American law-enforcement agencies.
"Given the growing reach and lethal methods of Israeli OC [Organized Crime], blocking the travel of known OC figures to the United States is a matter of great concern," according to the cable, signed by James Cunningham, the U.S. ambassador to Israel.
The author, however, is probably the Tel Aviv consul responsible for granting visas to Israelis, or perhaps a U.S. law-enforcement attache.
The cable describes the violence among crime families that began in November 2008 with the murder of Ya'akov Alperon. "Israeli crime boss Yaakov Alperon was assassinated in broad daylight in a gruesome attack on the streets of Tel Aviv, only about a mile away from the Embassy."
Also described is the shooting of an innocent bystander on a Bat Yam beach during an attempt on the life of Rami Amira. The assassinations of Abutbul family members in Netanya are also noted.
The authors point to leading Israeli crimes families such as the Alperons, Abergils, Abutbuls, Rosensteins and Shirazis. They focus on gambling, extortion, trafficking in women, loan sharking and control over the recycling market.
Quoting a source, the authors note that "in recent years, however, the rules of the game have changed ... the old school of Israel OC is giving way to a new, more violent, breed of crime."
They note that "the new style of crime features knowledge of hi-tech explosives acquired from service in the Israeli Defense Forces, and a willingness to use indiscriminate violence, at least against rival gang leaders. New OC business also includes technology-related crimes, such as stock market and credit card fraud, and operates on a global scale."
The embassy informs the State Department about a new police unit, "called Lahav 433. The elite unit operates under the direct command of the police commissioner, and is charged specifically with infiltrating and eliminating Israel's major crime syndicates."
The embassy source, however, "expressed skepticism that recent arrests will bear fruit in the long term without a sustained commitment to enforcement. He noted that many of the crime leaders remain active while in prison and their operations are not hampered significantly even when they are convicted and jailed."
The cable notes that it is unclear how far the crime families have penetrated the government, but it mentions the 2004 arrest of former minister Gonen Segev, who tried to smuggle thousands of Ecstasy pills into Israel, and the election of Inbal Gavrieli to the Knesset in 2003.
"The election of Inbal Gavrieli to the Knesset in 2003 as a member of Likud raised concerns about OC influence in the party's Central Committee. Gavrieli is the daughter of a suspected crime boss, and she attempted to use her parliamentary immunity to block investigations into her father's business."
Overdose: The Next Financial Crisis
In times of crisis people seek strong leaders and simple solutions. But what if their solutions are identical to the mistakes that caused the very crisis? This is the story of the greatest economic crisis of our age, the one that awaits us.
When the world's financial bubble blew, the solution was to lower interest rates and pump trillions of dollars into the sick banking system. "The solution is the problem, that's why we had a problem in the first place". For Economics Nobel laureate Vernon Smith, the Catch 22 is self-evident. But interest rates have been at rock bottom for years, and governments are running out of fuel to feed the economy. "The governments can save the banks, but who can save the governments?" Forecasts predict all countries' debt will reach 100% of GDP by next year. Greece and Iceland have already crumbled, who will be next?
The storm that would rock the world, began brewing in the US when congress pushed the idea of home ownership for all, propping up those who couldn't make the down payments. The Market even coined a term, NINA loans: "No Income, No Assets, No Problem!" Enter FannieMae and FreddieMac, privately owned, government sponsored. "Want that vacation? Wanna buy some new clothes? Use your house as a piggie bank!" Why earn money to pay for your home when you can make money just living in it? With the government covering all losses, you'd have been a fool not to borrow.
The years of growth had been a continuous party. But when the punchbowl ran dry, instead of letting investors go home to nurse their hangovers as usual, the Federal Reserve just filled it up again with phoney money. For analyst Peter Schiff, the consequence of the spending binge was crystal clear: "we're in so much trouble now because we got drunk on all that Fed alcohol". Yet along with other worried experts, he was mocked and derided during the boom.
Have you taken out a mortgage, invested capital or bought shares? If you have, likelihood is you lost out in the latest bust. Governments promised decisive action, the biggest financial stimulus packages in history, gargantuan bailouts: but what crazed logic is this, propping up debt with...more debt? This documentary brings an entirely fresh voice to the hottest topic of today.
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