Europe: Quantifying The Donors And Moochers - Without Germany, The EU Would Not Exist

With the dramatic emergence of intra-EU bickering between various “banana-eating countries” and “tax cheats”, it is easy to lose sight of the forest for the banana trees. While it is subjective to say who owes whom what, one thing that is very objective, is whose money is critical to sustaining the European Union. And here [...] continue reading the breaking news

Obama Administration Using Accounting Gimmicks That Would Make Enron ‘Blush,’ Says Republican Lawmaker

Fannie Mae headquarters in Washington, D.C.(CNSNews.com) - Rep. Jeb Hensarling (R-Texas) says the Obama administration is using an accounting “gimmick” in its budget by not including the debt owed by mortgage firms Fannie Mae and Freddie Mac. “The accounting gimmicks that are used today would make an Enron and WorldCom accountant blush,” Hensarling told reporters. [...] continue reading the breaking news

US Senate votes to extend Patriot Act

Democrats retreat from adding new privacy protections to the law (AP) WASHINGTON - Democrats have retreated from adding new privacy protections to the primary U.S counterterrorism law, stymied by Senate Republicans who argued the changes would weaken terror investigations.The proposed protections were cast aside when Senate Democrats lacked the necessary 60-vote supermajority to pass them. [...] continue reading the breaking news

Rep. Ron Paul Grills Ben Bernanke on Saddam Hussein, Watergate and the Fed

Added: 24. Februar 2010 continue reading the breaking news

Tens of thousands protest across Spain at PM Zapatero’s pension reforms

People in Barcelona protest against government plans to increase the retirement ageTens of thousands of protesters took to the streets across Spain last night in the biggest test of the country’s Socialist Government, which is under pressure.With a general strike threatened in the summer, the two biggest Spanish unions staged protests in [...] continue reading the breaking news

FDIC Report: ‘We Were Broke And Getting Broker’

See also: FDIC Reports 27 Percent Jump In Problem US BanksAmazing…700 troubled banks is bad, and far worse than 552 last quarter.But the $20.9 billion loss in the deposit fund, after losing $8.2 billion last quarter, is beyond bad and well into the psychotropic medication range.Remember that the Deposit Insurance Fund went negative last quarter. Now [...] continue reading the breaking news

Government Is Funding Research To Get Drones To Fly Anywhere in Britain

The UK is broke, …- Britain At Risk Of Worse Government Debt Crisis Than Greece… but there is always more than enough taxpayer money left for corporate pals, Big Brother and the New World Order.The Government is funding new research aimed at getting permission to fly drones anywhere in Britain, in a [...] continue reading the breaking news

Dutch PM: Troops to leave Afghanistan in August

Related articles:- Dutch exit could leave key Afghan area vulnerable (Washington Post)- Dutch Government Has Collapsed In Dispute Over Afghanistan (BBC NEWS) The Dutch troops were to have returned in 2008A day after his cabinet collapsed, the Dutch prime minister says he expects Dutch troops to end their mission in Afghanistan in August as expected.“If [...] continue reading the breaking news

Dutch Government Has Collapsed In Dispute Over Afghanistan

Dutch forces have been in Uruzgan since 2006The Dutch government has collapsed over disagreements within the governing coalition on extending troop deployments in Afghanistan.After marathon talks, Christian Democratic Prime Minister Jan Peter Balkenende announced that the Labour Party was quitting the government.He offered his government’s resignation to Queen Beatrix in a telephone call.The premier [...] continue reading the breaking news

Rep. Ron Paul At CPAC 2010: ‘We Are On The Brink Of A Financial Cataclysmic Event.’

1 of 3:Added: 19. Februar 20102 of 3:Added: 19. Februar 20103 of 3:Added: 19. Februar 2010“I place the economy among the first and most important virtues, and public debt as the greatest of dangers.” - Thomas Jefferson“There are two ways to conquer and enslave a nation. One is by the sword. The other is by [...] continue reading the breaking news

Matt Taibbi: Wall Street’s Bailout Hustle

Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy - they’re re-creating the conditions for another crashOn January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America’s pre-eminent Marvel Comics supervillain, the CEO used [...] continue reading the breaking news

South Carolina Rep. Mike Pitts Seeks to Ban Federal Currency

South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.In an interview, [...] continue reading the breaking news

Internet Censorship: France leapfrogs past Australia in Big Brother stakes

Lock up your kids and lock down your PC’sFrance yesterday put in its bid for an unlikely prize, becoming the first western country to make even Australia look liberal when it comes to state powers of internet censorship.In the teeth of fierce opposition both inside and outside parliament, the National Assembly approved, by 312 votes [...] continue reading the breaking news

Foreign Demand For US Teasuries Falls By Largest Amount On Record

WASHINGTON — The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.The [...] continue reading the breaking news

US Banks Facing $1.4 Trillion Crisis Over Commercial Real Estate Loans

- Commercial Real Estate Losses Could Hit $300 Billion: TARP Panel: “The banks that are on the front lines of small-business lending are about to get hit by a tidal wave of commercial-loan failures,” said Elizabeth Warren, a law professor at Harvard University who heads the COP.Warren and her fellow panel members warn that “a [...] continue reading the breaking news

Greece Outlaws Cash Transactions Worth More Than 1500 Euros

The cashless society is another major stepping stone towards the New World Order. The elite wants to establish a cashless society, where all your transactions can be monitored. Total control of every aspect of your life is the goal.Related article:- Societe Generale chief strategist Albert Edwards: Greek bailout only delays ‘inevitable’ Eurozone breakupHIGHLIGHTS-Greek FinMin unveils [...] continue reading the breaking news

Societe Generale strategist Albert Edwards: Greek bailout only delays ‘inevitable’ Eurozone breakup

‘The inevitable break-up of the eurozone.’SAN FRANCISCO (MarketWatch) — A bailout of Greece will only delay the inevitable breakup of the Eurozone because the one-size-fits-all interest rate policy imposed by the euro has left several countries in the region uncompetitive, Societe Generale strategist Albert Edwards said Friday.Edwards, a noted bear, warned about the Asian currency [...] continue reading the breaking news

Cynthia McKinney at Munich Germany NATO Peace Rally: ‘My Country Has Been Hijacked By A Criminal Cabal’

Must-see!Cynthia McKinney speaks at Munich Germany NATO Peace Rally during her visit to receive the ‘Peace through Conscience’ award from the Munich American Peace Committee.“President Obama has drones killing innocent people in Pakistan, Afghanistan, Yemen, and Somalia. And Administration lawyers are trying to figure out how to legally kill U.S. citizens.” “You even have U.S. [...] continue reading the breaking news

Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt

Greek Finance Minister George Papaconstantinou speaking at a conference in January.Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country’s already [...] continue reading the breaking news

Rep. Alan Grayson: ‘20 Percent Of Our Accumulated Wealth Over The Course Of 2 Centuries Gone in 18 months!’

$12 Trillion Gone and Nobody Got PunishedAdded: 10. Februar 2010The Fed and the US government are destroying America:- Paul Craig Roberts: It Is Now Official: The U.S. Is A Police State- Marc Faber on Bloomberg: US Treasuries Would Be Rated As Junk If US Were a Company- The Biggest Bubble in History Is Growing Every [...] continue reading the breaking news

The CDS Puppetmaster Behind It All And The Ever Increasing Parallels Between AIG And Greece

Goldman SachsDavid Fiderer’s below piece, originally published on the Huffington Post, continues probing the topic of Goldman and AIG. For all intents and purposes the debate has been pretty much exhausted and if there was a functioning legal system, Goldman would have been forced long ago to pay back the cash it received from ML-3 [...] continue reading the breaking news

Barnaby Joyce: Australia close to defaulting on debts

Debt warning: Nationals Senator Barnaby Joyce (AAP: Alan Porritt, file photo) Opposition finance spokesman Barnaby Joyce is courting controversy again, warning that Australia is getting to the point where it will not be able to repay its overseas debt.Senator Joyce says the Federal Government is borrowing billions of dollars from overseas to fund stimulus spending [...] continue reading the breaking news

Ron Paul Blasts Homeland Security and Big Government on Fox Business

var VideoID = "9878"; var Width = 485; var Height = 307;Added: Date: 6th Feb 10 continue reading the breaking news

Secret Summit of Top Central Bankers in Australia

* World’s top bankers fly in* To meet at secret location* Trouble on the horizonThe high-powered gathering coincides with a fresh meltdown on world sharemarkets (AP)THE world’s top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets.Representatives from 24 central banks and [...] continue reading the breaking news

China to Impose Dumping Penalties on US Chicken

Feb. 5 (Bloomberg) — China, the largest market for U.S. chicken, will impose anti-dumping duties of as much as 105.4 percent on imports of American poultry products, threatening to deepen a trade rift.Importers of U.S. broiler-chicken products will be required to pay after an investigation showed they had caused “material damage” to local suppliers by [...] continue reading the breaking news

Pravda: Paulson and US Collapse, Lets Blame It On Russia, We Do Everything Else

LOL!It’s good to see that US officials and former officials continue acting to par, God forbid they actually shock us and change their stripes. The latest tripe out of the mouths of the mega corrupted and their hand picked puppets is Henry Paulson’s tripe about Russia trying to collapse the US economic bubble [...] continue reading the breaking news

President Obama Ups Pakistan Drone Strikes in Assassination Campaign

News reports said a volley of missile strikes from US drones killed 16 alleged militants in Pakistan on Tuesday. The use of drones to assassinate Taliban and Al Qaeda leaders in Pakistan has soared under President Barack Obama.United States Air Force Capt. Bob operates a Predator unmanned aircraft system over Kandahar, Afghanistan, from Indian Springs, [...] continue reading the breaking news

The New Vision of the Obama Administration: War Without End

The US is totally broke and the only asset left is the military.Change you can believe in!Suicide bombers inside the United States. Nuclear-armed nations collapsing and losing control of nuclear weapons. Bloody new conflicts like Iraq and Afghanistan. American troops under attack at bases around the world. Terrorist attacks using unknown new diseases. Chinese missile [...] continue reading the breaking news

The Federal Reserve as Giant Counterfeiter

Related information:- MSNBC Exposes President Obama’s lies: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion!San Jose State economics professor Jeffrey Rogers Hummel tells all his students that the easiest way to understand the Federal Reserve is to think of it as a giant, legalized counterfeiter. I had always known that the Fed [...] continue reading the breaking news

Obama’s $3.8 Trillion Budget: Tax Rise of $1.9 Trillion for Richer Americans, Businesses

Related articles:- Obama Proposes $3.8 Trillion Budget Focused on Jobs (Bloomberg):Feb. 1 (Bloomberg) — President Barack Obama’s $3.8 trillion fiscal 2011 budget puts an emphasis on job creation with $100 billion in additional stimulus spending, along with higher taxes for the wealthy in an attempt to narrow the deficit.This is just the beginning of the [...] continue reading the breaking news

International Fund to Buy Off Taliban Leaders in Afghanistan Will Cost Hundreds of Millions

The US bought Osama Bin Laden, who died a long time ago, before. Brilliant strategy!The elite has really some excellent ideas to further loot the taxpayers.My guess is that most of this money will never reach any Taliban leader.LONDON — An international fund amounting to hundreds of millions of dollars will be established this week [...] continue reading the breaking news