The thing to notice is the difference between productivity and wages as the money supply increases more rapidly.
With one and a half million (1.5 million) American children now homeless, reporter Hilary Andersson meets the school pupils who go hungry in the richest country on Earth. From those living in the storm drains under Las Vegas to the tent cities now springing up around the United States, P a n o r a m a finds out how the poor are surviving in America and asks whatever happened to the supposed ‘government’ and the Real People in charge – those who you ‘don’t see’ pulling on the strings; and their vision and welfare for the country.
In case you forgot how quickly the euro area economy was deteriorating, here’s a look at the latest reading of composite PMI for the 17-country region.
That index fell to 46.7 this month, even worse than an earlier flash reading of 47.4.
Perhaps most concerning is that the effects of the European Central Bank’s two three-year long-term refinancing operations appears to already be fading, as business activity rebounded slightly at the start of 2012 before declining sharply later in the year.
When the Euro goes, it will take the US banks right down with it.
European integration was originally based on a rational idea to liberalise Europe, to open it up and to expand trade by building a common market and a large, interconnected economic space. This liberalisation more or less characterised the first decades of the European integration process. And it brought positive results, especially compared with the 1930s.
But the current era is different, because European integration moved to a different stage. Liberalisation was replaced by a massive shift of competencies from individual member states to the European Union’s “commanding heights” in Brussels; by the radical switch from intergovernmentalism to supranationalism; by the carefully organised weakening of the original building blocks of European integration – that is, individual countries; by large-scale centralisation, additional anti-market regulation, standardisation and harmonisation of the whole continent.
In April 2003, the Federal Reserve Bank of New York and New York state bank regulators cracked the whip on HSBC Bank USA, ordering it to do a better job of policing itself for suspicious money flows. Staff in the bank’s anti-money laundering division, according to a person who worked there at the time, flew into a “panic.”
I am not sure why this took so long to get into the major papers considering he died on April 19th, 2012, and he was such a prominent figure but here’s what I’ve found so far.
Most of the obituaries are making him out as a musical philanthropic and miniature train enthusiast. They say very little about his banking activities in Latin America and his funding deep involvement in the CO2 caused Global Warming scam.
Bilderberg is the REAL power structure and must be fully exposed to the masses! Help us spread the word!
The Bilderberg Group is an annual secretive meeting attended by elitists from politics, corporations, and the media.
For years mainstream outlets such as the Washington Post and the New York Times have attended the meetings and covered up for their dastardly plans!
Those times are over! The alternative media is growing and it is the job of free people around the word to OCCUPY and EXPOSE Bilderberg 2012!
Eighth Biggest Corporate Bankruptcy In Us History; $1.6 Billion Stolen; Justice Dept Still Hasn’t Interviewed Corzine: “no Evidence”
Former director of the Federal Bureau of Investigation who has come under fire as the bankruptcy trustee for MF Global will appear next week before a Congressional panel examining the collapse of the brokerage firm.
Banks existed, of course. But they were kept off to one side, and use of the banks was optional for the people of the United States. It was possible to go through one’s entire life without dealing with a bank if one chose to do so.
This system not only reserved the choice whether to use the bank to the people, but it was a stable system, because as debt increased, the people could voluntarily choose to stop borrowing from the bank! That was one of the most important freedoms won during the revolution; the freedom to say “no” to the banks!
Then, in 1913, a corrupt Congress and a corrupt President changed the structure of the nation’s economy and stole your freedom to say “no”! The economic system was reverted to a mirror of that same system the nation fought a revolution to be free of.
The American media has been remiss (intentionally) in reporting on the mortgage-backed securities fraud, even though it is the initiating event in the economic disaster which continues to engulf the world. But while the government can pretend none of this ever happened, the civil suits will drag the scandal into the public eye, and well it should!
For the newer readers, here is a summary of how DC and Wall Street got us all into this mess.
Any five-year old child knows that if you put ten marbles into a tin can, you can only take ten marbles back out.
Private central bankers issuing the public currency as interest-bearing loans operate on the belief that they can put ten marbles (dollars) into a tin can (the world) and magically get 11 marbles back out. Thus, we may conclude that the bankers are dumber than five-year old children!
BANKERS GONE WILD – HOW THE US GOVERNMENT HELPED WALL STREET GANG-RAPE AMERICA’S MIDDLE CLASS (AND MOST OF EUROPE)
A PRIMER ON HOW WALL STREET PULLED OFF THE GREATEST MORTGAGE INVESTMENT SWINDLE IN HISTORY WITH THE ASSISTANCE OF THE US GOVERNMENT!
Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now.”
Unemployment in the 17 countries that use the euro has reached a record high,reflecting the strength of the eurozone’s spreading recession.
Official figures show joblessness across the single currency bloc rose by 169,000 in March, taking the rate up to 10.9 % – its highest level since the euro was launched in 1999.
The number of unemployed workers across the region rose by 169,000 to a total of 17.4 million, the agency Eurostat said.
The rate was up from 10.8% in February and 9.9% a year ago and comes as nearly half of the eurozone’s countries, including Spain and the Netherlands, are officially in recession.
I think we can presume that the EU lies about the true joblessness as much as the US Government does.
With regional unemployment at 31%, businesses shut, and even the cherries rain-spoiled, gloom is shrouding Jaraíz de la Vera
Now, pay attention class; the US has admitted there are 82 million “invisible” unemployed in the US (only they did not stay invisible as the government hoped because the alternative media kept pointing them out). The US government admits to there being 12.5 million “visible” unemployed, which together with the invisible means 94.5 million Americans are available to work but do not have a job. Total US population is 330 million. But 24% of those are young people not eligible to work. And 13 percent are retired. So the total population of available workers in the United States is 100% – (24% + 13%) = 63% of 330 million people, or 207 million workers. And with 94.5 million workers not working, the true jobless rate in the US right now is 45%, not the 8% the media keeps propagandizing you about.
In a riveting interview on TruNews Radio, Wednesday, private investigator Doug Hagmann said high-level, reliable sources told him the U.S. Department of Homeland Security (DHS) is preparing for “massive civil war” in America.
“Folks, we’re getting ready for one massive economic collapse,” Hagmann told TruNews host Rick Wiles.
“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for a massive uprising.”
France’s presidential election has Wall Street and the global markets worried – and for good reason. The election of Socialist party leader Francois Hollande to France’s top job this coming Sunday would introduce an air of instability into the global economy at a time when it desperately needs a steady hand.
There were 115,000 jobs created in April. I did not say, “Jobs created in the US” because six months from now we will find out that 60% of those jobs were created in other countries.
Last year at this time, the so called economic experts said we would need 350,000 jobs per month, just to keep pace with our young people entering the workforce for the first time. Now today, I heard one of these experts on Bloomberg say, 115,000 jobs is sufficient to keep pace with the new entries. Last month a report came out that said half of our young people graduating college cannot find employment. So it would seem that now only half of these unemployed Americans are being counted in the equation.
Mitt Romney, his son Tagg, and Romney’s chief fundraiser, Spencer Zwick, have extensive financial and political ties to three men who allegedly participated in an $8.5 billion Ponzi scheme. A few months after the Ponzi scheme collapsed, a firm financed by Mitt Romney and run by his son and chief fundraiser partnered with the three men and created a new “wealth management business” as a subsidiary.
(*I have a news flash for YOU , Mitt ; NOBODY likes YOUR business model .http://i.telegraph.co.uk/multimedia/archive/02088/mitt_2088021b.jpg)
Senior Eurocrats are secretly plotting to create a super-powerful EU president to realise their dream of abolishing Britain and other nation states, UK media has revealed.
A covert group of EU foreign ministers has drawn up plans for merging the jobs currently done by Herman Van Rompuy, president of the European Council, and Jose Manuel Barroso, president of the European Commission.
The new bureaucrat, who would not be directly elected by voters, is set to get sweeping control over the entire EU and force member countries into ever-greater political and economic union. Tellingly, the UK has been excluded from the confidential discussions within the shady “Berlin Group” of Europhile politicians, spearheaded by German foreign minister Guido Westerwelle.
Unequal enforcement of the law will distort and destroy any capitalist society, and we may be witnessing just such a downward spiral in the financial sector.
Capitalism is not an abstract idea. It is an economic system with a distinct set of underlying principles that must exist in order for the system to work. One of these principles is equal justice. In its absence, parties will stop entering into transactions that create overall wealth for our society. Justice must be blind so that both parties — whether weak or powerful — can assume that an agreement between them will be equally enforced by the courts.
Compensation for chief executives at American companies grew 15 percent in 2011 after a 28 percent rise in 2010, part of a larger trend that has seen CEO pay skyrocket over the last three decades. Workers, on the other hand, have been left behind.
Since 1978, CEO pay at American firms has risen 725 percent, more than 127 times faster than worker pay over the same time period, according to new data from the Economic Policy Institute: