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BANKING & ECONOMY

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Starseed
Guest
#91 | Posted: 22 Nov 2010 17:51
Reply 
ImOverHere:
UK also going to "help" Ireland with bailout - must be screwing them on interest rate or UK banks are in too deep ( had snouts deep in Irish trough ) or both - definately not out of goodness of heart.

The Irish Prime Minister said that the situation was partly due to the "criminal action" of the banks - lets wait and see if there is any legal action against the banks and if there is why hasn't there been legal action in UK, not just a bottom smacking enquiry with scum like Fred Goodwin ( ex RBS boss ) still walking away with a massive great big fat pension.

Did you see the guy on RT news?

He said it was a 'matter of time before one of the 'bigger' economies like Spain or Italy end up going the same way', and that 'no-one would be able to bail them out as it would be impossible'!

Something about Portugal too (only caught a bit of it) So it looks like all predictions are coming true for once? Should get interesting soon...
dark star
Member
#92 | Posted: 22 Nov 2010 18:49
Reply 
Starseed:
Did you see the guy on RT news?

He said it was a 'matter of time before one of the 'bigger' economies like Spain or Italy end up going the same way', and that 'no-one would be able to bail them out as it would be impossible'!

Something about Portugal too (only caught a bit of it) So it looks like all predictions are coming true for once? Should get interesting soon...

Yes,I have always found the prospect of anarchy rather interesting too.
ImOverHere
Member
#93 | Posted: 22 Nov 2010 19:27 | Edited by: ImOverHere
Reply 
Did you see On The Edge with Max Keiser on Press TV last friday ? It may be available on the web. Free Market Capitalism is doomed due to the massive global debt built up on the back of and enabled by cheap oil and energy. Now as peak oil has passed and the worlds growing populations are starting to scrabble over energy supplies the faeces are on a direct collision course into the rotating ventilator. It will happen no matter what action is taken so long as Free Market Capitalism exists in its present form enslaving and suppressing technology.
The ride could get a bit bumpy now.
Starseed
Guest
#94 | Posted: 23 Nov 2010 08:12 | Edited by: Starseed
Reply 
Eric Cantona's call for bank protest sparks online campaign

Thousands of French protesters have taken up the former Man United footballer's call for a mass cash withdrawal

As students and public sector workers across Europe prepare for a winter of protests, they have been offered advice from the archetypal football rebel Eric Cantona.

The 44-year-old former footballer recommended a run on the cash reserves of the world's banks during a newspaper interview that was also filmed. The interview has become a YouTube hit and has spawned a new political movement.


"Valérie Ohannesian, of the French Banking Federation, said she thought that the appeal was "stupid in every sense" and a charter for thieves and money-launderers.

"My first reaction is to laugh. It is totally idiotic," she told the Observer. "One of the main roles of a bank is to keep money safe. This appeal will give great pleasure to thieves, I would have thought."

She also doubted the practicalities of the suggestion. "If Mr Cantona wants to take his money out of the bank, I imagine that he'll need quite a few suitcases," she said"


http://www.guardian.co.uk/world/2010/nov/20/eric-cantona-bank-protest-campaign
Starseed
Guest
#95 | Posted: 23 Nov 2010 08:15
Reply 
dark star:
Yes,I have always found the prospect of anarchy rather interesting too.

It looks as if the 'prospect' of Greece will be touring the rest of Europe, as many experts predicted...
dreamkatcher
Member
#96 | Posted: 23 Nov 2010 09:12
Reply 
ImOverHere:
Did you see On The Edge with Max Keiser on Press TV last friday ? It may be available on the web

This any good IOH? Older articles.

Max Keiser, On the Edge
July 3, 2009

part 1
http://www.youtube.com/watch?v=z1cFIVwNyyE

part 2
http://www.youtube.com/watch?v=2QHyjMYXnRk

part 3
(with Paul Craig Roberts)
http://www.youtube.com/watch?v=r0gQgg44JiM

part 4
(with Paul Craig Roberts)
http://www.youtube.com/watch?v=yp6QUeVuX6s



http://www.youtube.com/watch?v=xssFuTgiY_0


More on side panels.

dk
ImOverHere
Member
#97 | Posted: 23 Nov 2010 09:50 | Edited by: ImOverHere
Reply 
Eric Cantona - Respect

Thanks for links dk, I often go trawling for interesting stuff ( like we all do). Its really amazing how the hours fly by. I often look up at the clock and am suprised to see its 3 or 4o/c in the morning which means I've been at it for 5 or 6 hours !. My wife says at least I'm not pissing it up the wall, the kids who are now grown up and moved away just laugh. My daughter is a little tuned in and is healthy sceptic when it comes to the powers that be and now realises I'm not actually a nutter. My son couldn't give a toss as long as there is football on the telly and pizza in his belly.
ImOverHere
Member
#98 | Posted: 23 Nov 2010 12:54 | Edited by: ImOverHere
Reply 
Further to Max Keiser's Buy Silver and Stuff JP Morgan campaign here is a easy way to get your hands on some :-

http://www.atsbullion.com/

http://www.ecrater.co.uk/p/8871014/1-troy-ounce-999-fine-silver-bullion


See today's Keiser Report on RT, he gets better.
Starseed
Guest
#99 | Posted: 23 Nov 2010 16:05
Reply 
ImOverHere:
See today's Keiser Report on RT, he gets better.

See him slagging off JPMorgan ! He has a way of making the Truth funny. Talk about telling it like it is:

TODAYS SHOW: 23/11/2010

Every week Max Keiser looks at all the scandal behind the financial news headlines.

This week Max Keiser and co-host Stacy Herbert look at videos from the "Crash JP Morgan, Buy Silver" viral campaign. They also discuss whether "My father is Li Gang" is any less corrupt than "My Uncle is Sam", as mortgage holders go postal and regulators tell us to "batten down the hatches". In the second half of the show, Max talks to financial journalist Teri Buhl about Ambac's lawsuit against JPMorgan.

http://rt.com/programs/keiser-report/episode-97/


You can watch RT here:
http://rt.com/on-air/
Starseed
Guest
#100 | Posted: 23 Nov 2010 16:21
Reply 
Analysis: Irish EU bailout may not stop Portugal follow-up

Well, well, well...
http://uk.reuters.com/article/idUSTRE6AK2QQ20101122
Starseed
Guest
#101 | Posted: 24 Nov 2010 07:46 | Edited by: Starseed
Reply 
AS IF BY MAGIC THE SHOPKEEPER APPEARED:


"The Portuguese government's 2011 budget plan to cut wages by 5 percent, freeze pensions and raise value added tax from 21 to 23 percent have provoked fury among people as the parliament braces for a decisive vote on the bill, which is expected to receive the approval.

The Western Europe's poorest country has been struck by a deepening financial meltdown, forcing the government in May to introduce a string of fiscal austerity measures in an effort to avoid a Greek-style debt crisis."

"Portugal's unemployment rate soared to a record 10.9 percent in the third quarter of 2010."

Spain and Portugal under fire as bond spreads hit record

Borrowing costs for Portugal and Spain have surged to danger levels on fears that Europe's leaders are losing political control of the Irish crisis and have yet to agree on a coherent plan to tackle the eurozone's deeper debt woes.



http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8155468/Spain-and-Po rtugal-under-fire-as-bond-spreads-hit-record.html
ImOverHere
Member
#102 | Posted: 24 Nov 2010 08:46 | Edited by: ImOverHere
Reply 
But will Germany be prepared to bail out Spain due to the cost ? or would the associated conditions achieve what Hitler failed to do, although he tried very hard indeed?
Starseed
Guest
#103 | Posted: 24 Nov 2010 17:38
Reply 
ImOverHere:
But will Germany be prepared to bail out Spain due to the cost ? or would the associated conditions achieve what Hitler failed to do, although he tried very hard indeed?

I think that`s the whole point. They could not, even if they wanted to. All of the money has been borrowed already. It would be like the UK bailing out Ireland, no, hang, on, I mean, er.

I get my financial reports from Max Keiser these days, so we will both find out the answer to that soon. (some of them anyway).
Starseed
Guest
#104 | Posted: 24 Nov 2010 17:40 | Edited by: Starseed
Reply 
Who could be next?

Particular attention has been paid to the finances of Portugal and Spain, especially as only last week, Portugal, concerned about euro "contagion" affecting its weak economy, lobbied strongly for Ireland to apply for help with its economic problems.

And Portugal looks to be in a weaker position than its Iberian neighbour. Professor Iain Begg, professorial research fellow at the European Institute of the LSE told Channel 4 News Portugal's situation is more fragile than Spain's: "I would be more worried about Portugal than Spain.

"At some point doubts will develop about the stability of the whole euro project. These doubts can be eliminated in one of two ways; either the union will end (or contract to a core) or there will be sudden political and fiscal centralisation."

It`s all been 'engineered' in advance...
Starseed
Guest
#105 | Posted: 24 Nov 2010 20:19
Reply 
Mark Cocking
Mark used to be a banker, but gave it all up when he became disillusioned with the system.
http://www.richplanet.net/starship_main.php?ref=3&part=1
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