ATHENS — In a move that could set off new fears of contagion across the euro zone, anxious depositors drained cash from automated teller machines in Cyprus on Saturday, hours after European officials in Brussels required that part of a new 10 billion euro bailout be paid for directly from the bank accounts of ordinary savers.
The move — a first in the three-year-old European financial crisis — raised questions about whether bank runs could be set off elsewhere in the euro zone. Jeroen Dijsselbloem, the president of the group of euro area ministers, declined early Saturday to rule out taxes on depositors in countries beyond Cyprus, although he said such a measure was not currently being considered.
Although banks placed withdrawal limits of 400 euros, or about $520, on A.T.M.’s, most had run out of cash by early evening. People around the country reacted with disbelief and anger.
More coherent than many such diatribes. Appears to represent a growing segment of the public. When combined with local elected sheriffs siding with the public, and high likelihood that most National Guard units will go local and refuse federal orders to fire on or arrest US citizens, the balance of power at the grassroots level appears to be totally in favor of the public not the elite.
THERE IS A SECRET WAR BEING WAGED AGAINST AMERICA THE REPUBLIC BY THE LONDON BANKSTERS
Its Purpose is to destroy America and Fold its remains into a NWO Globalist One-World Government System.
But it’s not over yet and things are not going so well for the Banksters. They are about 13 years behind schedule.
And until recently most Americans knew nothing about it.
Click on Image to Enlarge
America’s Monetary & Production System has been hijacked and used by London Banksters to entrap most the world in a Global Web of Debt.
This has enabled the Banksters to issue all the money they needed to buy up and control almost every American politician and Government official, many of whom serve unknowingly as CUTOUTS.
They have used their Babylonian “money magic” debt-based usury system of fiat “money” to asset strip most Americans of a great deal of the fruits of their labor and accrued assets, and now they are coming for their guns.
“A More Than Questionable Bernanke Fed Monetary Policy.”
“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.” Thomas Jefferson (1743-1826), 3rd US President
“It is well enough that people … do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford (1863-1947), American automobile industrialist
“When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it.” Frederic Bastiat (1801-1850), French economist
It is becoming increasingly obvious that the Bernanke Fed’s monetary policy of fixing short-term interest rates at close to zero percent, and (with inflation at two percent or so) of forcing negative real interest rates, was primarily designed not to help the U.S. economy but to shore up the super large American banks that were on the verge of bankruptcy when the investment bank Lehman Brothers failed on September 15, 2008. Indeed, with this policy, the Bernanke Fed has transferred hundreds of billions to these super banks at a huge cost to the rest of the economy and to international holders of U.S. dollars.
Just as the Greenspan Fed created the housing bubble and let the derivatives market explode, thus sowing the seeds of the 2007-2008 financial crisis, the Bernanke Fed, using faulty economic analysis, has embarked upon a policy of zero short-term interest rates for many years, —an open-ended QE3 policy of buying mortgages and other financial instruments with newly printed money, thus creating the largest bond bubble in U.S. history.
When the distortions it has created in the U.S. economy unfolds in the coming years, the true costs of this policy will become clearer. Indeed, when the Fed tries to unload the financial assets it has acquired from the near-insolvent super large American banks, in a not too distant future, bond prices will be in danger of collapsing and nominal interest rates could spike, with a very negative impact on financial markets and on the real economy.
Perception versus reality is truly frightening. Reality is much, much worse than perception. Average worker has to work for one month to earn what the average CEO earns in one hour.
Published on Nov 20, 2012
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
I’ve identified 16 of these game-over situations facing America today, situations from which there is the possibility of no recovery — not the certainty, but the possibility. As I was working on that article though, looking especially what it would take to reverse each trend, I realized it’s really only one story writ 16 times on 16 separate canvasses.
It’s the story, in other words, of worldwide billionaires and the one thing they’re doing — monomaniacly making money while telling each other tales of their Randian goodness.
America’s 16 deadlines
As I said, I see 16 individual, though interlinked, processes in the country today that have potential game-over, irreversible end-points. You may think there are more, or you may think some could be merged, but I think that’s tweakage, “in the noise,” not a useful distinction. For our purposes, this list is good enough.
Here they are, numbered in no particular order, but grouped:
Like the horsemeat scandal in Europe this report on fake pharmaceuticals shows what happens when appropriate regulation is not maintained, because industries capture the regulatory agencies that are supposed to protect us, and the Congress is in the pocket of those industries as well. Once again we face the bitter fruit produced by anti-regulations forces. The t! ruth is we have become a thoroughly corrupted nation and, until we find the strength to speak truth to power it will only continue.
The risks of fake and flawed medicines have leapt from developing nations to Western supply chains, thanks to gaps in oversight of drug wholesalers, lax law enforcement, and ineffective tactics for tracking drugs as they change hands, according to a report released Wednesday by the Institute of Medicine.
‘It’s distressing to see vividly just how huge a problem it is in the United States,” said Larry Gostin, a Georgetown University law professor and World Health Organization adviser who led the study. ‘It’s more lucrative to traffic in illegitimate drugs than cocaine or heroin,” he said.
A very high-level protector of priest pederasts, Cardinal Mahoney of the LA diocese, is being kicked out of his job: “Archbishop Jose Gomez said he had stripped his predecessor, the retired cardinal Roger Mahony, of all public and administrative duties.” More details here:
Boing-Boing said: “The Archdiocese this week…removed Cardinal Roger Mahony from his duties, for his role in enabling and keeping quiet the methodical and widespread molestation. The removal is “unprecedented,” but many victims and advocates believe Mahony deserves greater punishment. Auxiliary Bishop Thomas J. Curry, who helped Mahony hide abusers from police in the eighties, has resigned his post as regional bishop in Santa Barbara, California.”
More significantly, 12,000 pages of files have been released by the diocese to the public “more than a week after church records relating to 14 priests were unsealed as part of a separate civil suit, showing that church officials plotted to conceal the abuse from law enforcement agencies as late as 1987.”
To access the released files, click at end of sentence, then scroll down the page to the section labeled “Clergy Personnel Files”, and a list of names appears which link to the file of the named individual perpetrator priest:
Most of the files are variously redacted, and many of the molesters have since died, but the files still offer some gruesome reading, given the victims were children and their molesters Roman Catholic priests.
