GET READY!
Next financial crisis will be hellish—
and it’s on the way!
and it’s on the way!
Forbes Magazine — Addison Wiggin
http://news.yahoo.com/next-financial-crisis-hellish-way-204303737.html
GIVING THE FINGER — Wildly gesticulating traders play the game on the floor
of the New York Stock Exchange, as they take the rest of us for a ride at the
world’s biggest casino and funny money operation. But the ride is about to end.
“There is definitely going to be another financial crisis around the corner,” says
hedge fund legend Mark Mobius, [chief of the $50-billion emerging markets desk
at Templeton Asset Management]. … Speaking in Tokyo, he pointed to derivatives,
the financial hairball of futures, options and swaps in which nearly all the world’s
major banks are tangled up. Estimates on the amount of derivatives out there
worldwide vary. An oft-heard estimate is $600 trillion. That squares with Mobius’
guess of 10 times the world’s annual GDP.
… Something along the lines of securitized mortgages is lurking out there, ready
to trigger another crisis as in 2007-08. …
What of the derivatives sitting on the balance sheet of the Federal Reserve? …
“Through quantitative easing efforts alone,” says Euro Pacific Capital’s Michael
“Through quantitative easing efforts alone,” says Euro Pacific Capital’s Michael
Pento, “Ben Bernanke has added $1.8 trillion of longer-term GSE debt and
mortgage-backed securities (MBS).”
… “Prior to the bursting of the credit bubble, the public was shocked to learn that
… “Prior to the bursting of the credit bubble, the public was shocked to learn that
our biggest investment banks were levered 30-to-1. When asset values fell, those
banks were quickly wiped out. But now the Fed is holding many of the same types
of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%,
the Fed itself would be wiped out.”
ILO: World economy on verge of new jobs recession
ILO: World economy on verge of new jobs recession
BBC News
http://www.bbc.co.uk/news/business-15519699
The global economy is on the verge of a new and deeper jobs recession that may
http://www.bbc.co.uk/news/business-15519699
The global economy is on the verge of a new and deeper jobs recession that may
ignite social unrest, the International Labor Organization (ILO) has warned. …
The ILO also noted that in 45 of the 118 countries it examined, the risk of social
unrest was rising. …
had begun to “dramatically affect” labor markets. It said approximately 80 million
net new jobs would be needed over the next two years to get back to pre-crisis
employment levels. But it said the recent slowdown in growth suggested that only
half the jobs needed would be created. …
The group also measured levels of discontent over the lack of jobs and anger over
perceptions that the burden of the crisis was not being fairly shared.
Lloyds of London abandons European banks
Gold-silver.us
http://gold-silver.us/forum/showthread.php?54731-Lloyds-of-London-adandons-all-European-Banks-(Big-Wow!)
Without warning, Lloyds the worlds oldest insurance market announced that it
has withdrawn its money from European banks. The reason? According to Lloyds,
Without warning, Lloyds the worlds oldest insurance market announced that it
has withdrawn its money from European banks. The reason? According to Lloyds,
the banks are in danger of failing as Europes debt crisis continues to intensify.
The companys Finance Director, Luke Savage, put it simply: “If your’re worried
the government itself might be at risk, then your’re certainly worried the banks
The companys Finance Director, Luke Savage, put it simply: “If your’re worried
the government itself might be at risk, then your’re certainly worried the banks
could be taken down with them.”
… It is interesting to note that Lloyds didn’t just withdraw its money from Greek
banks; it withdrew its money from banks all over Europe!
… When the worlds oldest insurance company, a firm that for 323 years has made
its living by accurately calculating the odds of future disasters, when that company
suddenly takes its money and runs, it’s a massive red flag for investors a clear
sign that the beginning of the end is near!
Will US Army be used to crush popular resistance?
American Free Press — Keith Johnson
http://americanfreepress.net/?p=1377
The Alternative Futures Symposium in Chantilly, Va., was all part of the US
army’s Unified Quest 2012 exercise, the latest in a series of annual war games
that in recent years that in recent years has focused on America’s reponse to
a global financial meltdown in which average citizens took to the streets en masse.
In November 2010, CNBC’s Eamon Javers had this to say about last year’s
exercise: “Ever since the crash of 2008, the defense-intelligence establishment
has been paying a lot of attention to global markets and how they can serve as a
threat to US national security interests.”
… “The Army is having a very interesting yearlong exercise called Unified Quest
2011. In that war-gaming series, the Army is looking at the implications of a
large-scale economic breakdown in the US that would force the Army to keep
domestic order amid civil unrest …
US planning troop buildup in Gulf after exit from Iraq
The New York Times — Thom Shanker & Steven Lee Myers
http://www.nytimes.com/2011/10/30/world/middleeast/united-states-plans-post-iraq-troop-increase-in-persian-gulf.html?_r=1
… It is interesting to note that Lloyds didn’t just withdraw its money from Greek
banks; it withdrew its money from banks all over Europe!
… When the worlds oldest insurance company, a firm that for 323 years has made
its living by accurately calculating the odds of future disasters, when that company
suddenly takes its money and runs, it’s a massive red flag for investors a clear
sign that the beginning of the end is near!
Will US Army be used to crush popular resistance?
American Free Press — Keith Johnson
http://americanfreepress.net/?p=1377
The Alternative Futures Symposium in Chantilly, Va., was all part of the US
army’s Unified Quest 2012 exercise, the latest in a series of annual war games
that in recent years that in recent years has focused on America’s reponse to
a global financial meltdown in which average citizens took to the streets en masse.
In November 2010, CNBC’s Eamon Javers had this to say about last year’s
exercise: “Ever since the crash of 2008, the defense-intelligence establishment
has been paying a lot of attention to global markets and how they can serve as a
threat to US national security interests.”
… “The Army is having a very interesting yearlong exercise called Unified Quest
2011. In that war-gaming series, the Army is looking at the implications of a
large-scale economic breakdown in the US that would force the Army to keep
domestic order amid civil unrest …
US planning troop buildup in Gulf after exit from Iraq
The New York Times — Thom Shanker & Steven Lee Myers
http://www.nytimes.com/2011/10/30/world/middleeast/united-states-plans-post-iraq-troop-increase-in-persian-gulf.html?_r=1
“BOMB, BOMB, BOMB IRAN” — Is this the solution to America’s unemployment
and economic woes that Washington is contemplating? World War II got the
and economic woes that Washington is contemplating? World War II got the
US out of the Great Depression, and some think that formula might work again.
The Obama administration plans to bolster the American military presence in the
to officials and diplomats. That repositioning could include new combat forces in
Kuwait able to respond to a collapse of security in Iraq or a military confrontation
with Iran.
The plans, under discussion for months, gained new urgency after President
Obama’s announcement this month that the last American soldiers would be
The plans, under discussion for months, gained new urgency after President
Obama’s announcement this month that the last American soldiers would be
brought home from Iraq by the end of December. Ending the eight-year war was
a central pledge of his presidential campaign … But after unsuccessfully pressing
both the Obama administration and the Iraqi government to permit as many as
20,000 American troops to remain in Iraq beyond 2011, the Pentagon is now
drawing up an alternative.
In addition to negotiations over maintaining a ground combat presence in Kuwait,
the United States is considering sending more naval warships through international
waters in the region.
Air Force gets super bombs to attack Iran?
RT
http://rt.com/usa/news/air-force-penetrator-mop-515/
The Air Force has needs, baby. Operational needs. That’s what Lt. Col. Jack
a central pledge of his presidential campaign … But after unsuccessfully pressing
both the Obama administration and the Iraqi government to permit as many as
20,000 American troops to remain in Iraq beyond 2011, the Pentagon is now
drawing up an alternative.
In addition to negotiations over maintaining a ground combat presence in Kuwait,
the United States is considering sending more naval warships through international
waters in the region.
Air Force gets super bombs to attack Iran?
RT
http://rt.com/usa/news/air-force-penetrator-mop-515/
The Air Force has needs, baby. Operational needs. That’s what Lt. Col. Jack
Miller is saying, and among the things that the military is just begging for are
eight 30,000-pound bombs. And, God bless America, those needs are getting
fulfilled.
Miller says that the creation of the first 15-ton, GPS-guided “bunker buster” bomb
Miller says that the creation of the first 15-ton, GPS-guided “bunker buster” bomb
was finished back in September and now the Air Force has the first of the warheads
in its possession while a $32 million contract inked this summer with Boeing will
soon give the Military an arsenal of eight in all.
… RT reported earlier in the week that Obama administration insiders have leaked
that the White House is trying to finalize a deal with the United Aram Emirates to
deliver 500 Hellfire air-to-surface missiles and 4,900 “smart bombs” to Abu Dhabi
in order to combat Iran should their nuclear program intensify to a point where
American intervention is deemed necessary.
CIA operations underway with explosions and assassinations in Iran
New York Daily News — Helen Kennedy
http://www.nydailynews.com/news/world/cia-operations-iran-underway-tehran-bigs-mission-dismantle-weapons-program-article-1.977103
… There was more evidence [Sunday] of an efficient and brutal covert operation
that continues to degrade Iran’s military capabilities. Iranian officials revealed
that one of the 17 men killed in a huge explosion at a munitions depot was a key
Revolutionary Guard commander who headed Iran’s missile program.
And the IRNA state news agency reported that scientists had discovered a new
computer virus in their systems, a more sophisticated version of the Stuxnet worm
deployed last year to foul up Iran’s centrifuges.
… RT reported earlier in the week that Obama administration insiders have leaked
that the White House is trying to finalize a deal with the United Aram Emirates to
deliver 500 Hellfire air-to-surface missiles and 4,900 “smart bombs” to Abu Dhabi
in order to combat Iran should their nuclear program intensify to a point where
American intervention is deemed necessary.
CIA operations underway with explosions and assassinations in Iran
New York Daily News — Helen Kennedy
http://www.nydailynews.com/news/world/cia-operations-iran-underway-tehran-bigs-mission-dismantle-weapons-program-article-1.977103
… There was more evidence [Sunday] of an efficient and brutal covert operation
that continues to degrade Iran’s military capabilities. Iranian officials revealed
that one of the 17 men killed in a huge explosion at a munitions depot was a key
Revolutionary Guard commander who headed Iran’s missile program.
And the IRNA state news agency reported that scientists had discovered a new
computer virus in their systems, a more sophisticated version of the Stuxnet worm
deployed last year to foul up Iran’s centrifuges.
… Israeli newspapers and some U.S. experts said it appeared to be more from an
ongoing secret operation by the CIA and Israel’s Mossad to eliminate Iran’s nuclear
threat. The covert campaign encompasses a series of assassinations of Iranian
nuclear scientists since 2007 and a similar explosion at another Iranian missile
base two years ago both widely attributed to the Mossad.
US plot against Syria revealed
Press TV
http://www.presstv.ir/detail/210597.html
SUPPORTING THEIR PRESIDENT — Millions of Syrians took to the streets of Damascus
(shown above) and other major cities Sunday, to show their support of President
Bashar al-Assad and to condemn the US and Israeli attempts to destabilize the country.
Informed sources in Syria say they have discovered a pre-fabricated US scenario
for the country’s future, seeking to wage war against the nation from various fronts,
Press TV reports. … The US strategy includes attacks on Syrian diplomatic
missions abroad.
According to the American scenario, the Syrian opposition abroad would engage
in taking over the country’s diplomatic missions and use them as bases for
directing and carrying out terrorist activities within the country.
… The American scenario also provides a role for Turkey in … in which Ankara
would … move its forces across the Syrian border in an effort to establish a buffer
zone inside Syria and facilitate the supply of weaponry and arms to the so-called
“contra forces” inside the country and trigger insurgency activities and potentially
a civil war across the nation.
… Moreover, the Syrian sources said, the US scheme provides that the Israeli
regime, along with Jordan, would also declare their readiness to engage in military
operations against Damascus.
US Military paid $1.1 trillion to contractors that defrauded the government
Truthout — Mike Ludwig
The Pentagon has paid $1.1 trillion to hundreds of defense contractors and their
parent companies that have defrauded the government over the past ten years,
parent companies that have defrauded the government over the past ten years,
in civil and criminal fraud cases that resulted in judgments of $1 million or more
during the last decade were paid a total of $573.7 billion by the US military,
including $398 billion that was paid to contractors after judgments for fraud. When
awards to parent companies are included, the Pentagon awarded $1.1 trillion to
the top 37 companies that defrauded the US military since 2000.
When the Third Reich came to the aid of Greece
Robert Faurisson
When the Third Reich came to the aid of Greece
Robert Faurisson
Our news media currently bring up the probability of a Greek default. Sometimes,
inspired by a deformed history of the Second World War … An aspect of the
behavior during that war, of Germany, occupying power, with regard to Greece,
from which the Germans had chased out the British in April 1941. The reality is
that in the midst of the worldwide conflict, despite a partisan war and a maritime
blockade enforced by the British, Germany sent Greece large quantities of gold
in order to quell a catastrophic inflation and to stabilize the Greek currency, efforts
that were not without success. She also sent foodstuffs to Greece so as to stave
off a threatening famine, as well as German export goods — and this despite the
shortages the German people were beginning to suffer.
in order to quell a catastrophic inflation and to stabilize the Greek currency, efforts
that were not without success. She also sent foodstuffs to Greece so as to stave
off a threatening famine, as well as German export goods — and this despite the
shortages the German people were beginning to suffer.
Many Russians welcomed Germans in World War II, newly released documents show
Daily Mail, London — Allan Hall
http://www.dailymail.co.uk/news/article-2003413/Soviets-supported-Christian-crusader-Nazis-World-War-II.html
An extraordinary secret archive has revealed for the first time how thousands of
Soviet citizens collaborated with Nazi invaders during World War II. The cache
of documents, some retrieved from the files of the KGB, shows how many
Daily Mail, London — Allan Hall
http://www.dailymail.co.uk/news/article-2003413/Soviets-supported-Christian-crusader-Nazis-World-War-II.html
An extraordinary secret archive has revealed for the first time how thousands of
Soviet citizens collaborated with Nazi invaders during World War II. The cache
of documents, some retrieved from the files of the KGB, shows how many
viewed the Germans as Christian liberators—and their own masters as godless
Communists. This view was reinforced when the soldiers of the Third Reich
opened up 470 churches in northwestern Russia alone and reinstated priests
driven from their pulpits by Stalin. In turn, the clergy co-operated closely with
SS
death squads in betraying Communist officials, Jews and partisan resistance
groups. Perhaps most astonishingly, the Germans even shipped numerous
mayors, journalists, policeman and teachers back to the Reich to show them
the “German way of life.”
Retired US Army officer apologizes for WW II treatment of German POWs
Talon Books
Retired US Army officer apologizes for WW II treatment of German POWs
Talon Books
http://talonbooks.com/news/post-war-apology-and-reconciliation
A retired US Army officer has apologized for the mass deaths of German prisoners
in US army camps after World War II. Following extensive private investigations
A retired US Army officer has apologized for the mass deaths of German prisoners
in US army camps after World War II. Following extensive private investigations
in the US and Germany, [retired Maj.] Merrit P. Drucker has sent an e-mail to
Lt. Col. Max Klaar, head of the German veterans’ association (Der Verband
deutscher Soldaten) regretting the lethal conditions in the US camps where some
[some say up to a
million—ed.] 750,000 Germans died while they were denied
available food and shelter.* Drucker has also formed a committee to pursue further
investigations
and make amends by way of apologies to the families of the dead,
and veterans’
institutions.
… Because of the sad events, Lt. Colonel Klaar has said that “Germany is a country
of wounded souls.” Many Germans have already written to Major Drucker to thank him
for taking a heavy weight of grief and guilt off their minds.
of wounded souls.” Many Germans have already written to Major Drucker to thank him
for taking a heavy weight of grief and guilt off their minds.
*A description of the American death camps is given in James Bacque’s Other
Losses, available from: NS Publications, PO Box 188, Wyandotte MI 48192;
Losses, available from: NS Publications, PO Box 188, Wyandotte MI 48192;
From Times Gone By: ‘Swastika’ Hockey Teams
Bleacher Report — Joseph Deluca
http://bleacherreport.com/articles/937417-the-50-worst-hockey-team-names-of-all-time/page/4
NO JOKE — This is a photo dated from 1916 of a women’s hockey team, the Edmonton Swastikas. Long before Adolf Hitler and the creation of the modern
National Socialist movement, the Swastika had long been a symbol of power and
good luck. The symbol appeared on several other Canadian hockey uniforms,
including
And—undenazified—there is to this day a town in Ontario called—Swastika!
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