The Economy

Banks ‘to blame’ for Europe debt woes

A former senior executive at Italy’s largest bank says the European debt crisis is the result of a rotten banking culture that encourages excessive risk taking and law breaking.

European Debt Crisis Threatens the Dollar ( Ron Paul)

The global economic situation is becoming more dire every day. Approximately half of all US banks have significant exposure to the debt crisis in Europe. Much more dangerous for the US taxpayer is the dollar’s status as reserve currency for the world, and the US Federal Reserve’s status as the lender of last resort. As we’ve learned in recent disclosures, this has not only benefited companies like AIG, the auto industry and various US banks, but multiple foreign central banks as they have run into trouble. Nothing has been solved, however, by offering up the productivity of Americans as a sacrificial lamb. Greece is set to be the first domino to fall in the string of European economies at risk.

Occupy Wall Street: NYPD raid on camp in Zuccotti park

Police have begun clearing out ‘Occupy’ protester camps in New York. There are also claims that pepper spray is being used. The raid comes after activists vowed heightened action this coming Thursday, to mark two months since the movement began.

Federal Reserve Bank of Dallas President Richard Fisher: Regulators Should Split ‘Behemoth’ Banks

“I believe that too-big-to-fail banks are too-dangerous- to-permit,”

NYPD raze the #OWS library, throw out over 5,000 books

The Occupy Wall Street librarians tweeted the eviction all night: “NYPD destroying american cultural history, they’re destroying the documents, the books, the artwork of an event in our nation’s history … Right now, the NYPD are throwing over 5,000 books from our library into a dumpster. Will they burn them?

NEW CROWD CONVERGES ON ZUCOTTI PARK

live stream: A new crowd of about 500 people are marching to Zucotti Park to back up the OWS protesters as police continue to defy a court order allowing the protesters back in.

Police crackdowns are being reported in Toronto and Phoenix, so this is a nation-wide clamp-down by Obama to send a message to foreign creditors that the people of the United States are still happy little slaves who cannot refuse to continue to pay the losses from Wall Street’s Mortgage-Backed Securities Fraud.

The net worth of all members of congress rose 25% over the last few years

Judge Napolitano Grills Congressman On Insider Trading Scandal


OWS witness: Brutal lockdown in Zuccotti Park to fuel new protests

The birthplace of the anti-corporate ‘Occupy’ movement in New York has been raided and cleared out by police. Hundreds of protesters who’ve been camped out in Zuccotti Park for two months have been evicted, and banned from coming back to stay. Officers reportedly used force to kick out some of the activists, with witnesses suggesting pepper spray and tear gas were also used. Authorities removed all tents, citing health and safety concerns. But protesters say that’s just an excuse to sabotage a massive demonstration planned for Thursday. An ‘Occupy’ activist Alexa O’Brien who was in New York at the time of the police raid, says that the authorities’ heavy-handed response has been an infringement on civil liberties.

LIVE STREAM FROM ZUCOTTI PARK – POLICE IGNORE COURT ORDER TO ALLOW PROTESTERS BACK IN.

UPDATE: JUSTICE LUCY BILLINGS has been “thrown off” the case as court administrators prepared to “randomly” choose a new judge.

Who is ordering the cops to refuse a court order? Three guesses.

Despite an iron-fisted shut down of overpasses to block protest signs here at APEC on Oahu, Asia has heard the people of the United States cry out that they will no longer pay for US Government mistakes or Wall Street’s crimes.

As a result, Asia will buy no more US debt, and is openly worried about repayment of the debts they currently hold. Obama’s insults to China show that he has thrown a tantrum, and desperate to borrow more money, he has to show the rest of the world that the people of the United States are chained down and unable to refuse to pay for the costs of Wall Street’s Mortgage-backed Securities fraud, the biggest financial swindle in history, which is what has brought the global private banking network to the edge of collapse.

As this defiance of a court order demonstrates, the rule of law is ended in the USA. The police are being given orders to really start beating up the protesters before more of the world’s financial centers realize that the US Government cannot make good on its promise, made and demonstrated during the S&L Bailout of the 1980s, to always have the taxpayers cover Wall Street’s losses.

Sadly, we are entering a very bloody time in the nation’s history, with the government willing to spill the people’s blood to protect Wall Street’s gold.

U.S. Sheriffs Rise Up Against Federal Government: Sheriff Threatens Feds With SWAT Team

As more people became dissatisfied with federal government controls and land grabs, it was inevitable that local law enforcement would eventually see the bigger picture. At the northern California fairgrounds of Yreka last month, seven California sheriffs and another from Oregon gathered with a large group of citizens to say that they are finally going to do something about it.

“A giant has been awakened,” said Plumas County, Calif. Sheriff Greg Hagwood, “and they didn’t count on that,” speaking of the federal bureaucracy.

Arresting Bankers Good For Us, Wall Street Sales Tax Bad For Us

The first order of business after the bankers and those who are accessories to their crimes have been arrested would be to seize their assets so we can cancel all government debts and fully fund pensions with assets rather than with government bonds.

Why would you want to tax 1% of the transactions when you can own 100% of their assets? To put that in proper perspective Catherine Austin Fitts has said the elite make at least 2 trillion annually in investment income from the money they stole from us. And they have a lot more ‘legitimate’ money which they won’t need in prison.

Canada Will Sell Oil To China If US Keeps Delaying The Pipeline

The Obama administration put off the decision to build the Keystone XL oil pipeline until 2013.

But that won’t stop Canada from trying to find another buyer, namely China, according to AFP.

Canadian Prime Minister, Stephen Harper, has already spoken with Chinese President Hu Jintao about possible oil exports this past Saturday.

Harper told reporters, “This does underscore the necessity of Canada making sure that we are able to access Asian markets for our energy products.”

Occupy Liberty Street (OLS)! (The Federal Reserve Bank of New York)

The phrase “Wall Street” is a representative of the financial community. The only sensible reason for occupying Wall Street is for symbolic purposes. You want to call the public’s attention to the problem.

What is the problem? I contend that the people occupying Wall Street do not understand the problem. If they did, they would be forming picket lines in front of the New York Federal Reserve bank at 33 Liberty Street. That is where the problem began in 1914. That is where the problem will be solved.

GAME OVER AT OCCUPY WALL STREET? ~~

I DON’T THINK SO!!

Hyperinflation Is When Thieves Steal The Suitcases and Wheelbarrows You Carry Your Money Around In … And Leave the Money.

There is no “smart money” anywhere in Europe – if you’d shorted the Euro on January 7th of this year, you would now be staring at a loss of roughly 6% on your investment and the body of your investment adviser.

Europe either prints money or the Eurozone shatters and sinks.
And printing money means the suitcase and wheelbarrow story… Even Germany is looking at exit strategies, in fact, particularly Germany!

Praying with Our Feet at Occupy Oakland

When my teacher and mentor at the Jewish Theological Seminary Abraham Joshua Heschel told me and others that he had been “praying with his feet” when he participated in the Selma Freedom march in 1965, he confirmed for many a way of overcoming the dichotomy between my religious practice and my radical politics. In many ways, the anti-war movements of the Sixties and early Seventies of the last century felt like that kind of community prayer.

Seattle Council signals support for Occupy movement

The Seattle City Council on Monday unanimously approved a resolution declaring its support for the Occupy movement’s campaign to limit economic insecurity and recognizing the movement’s right to peaceful and lawful speech and assembly.

The resolution, introduced by Councilmember Nick Licata, looks to “minimize economic insecurity and destructive disparities.” The council will seek to limit the undue influence of corporations and large businesses by undertaking a review of the city’s banking practices and campaign finance rules.

tear gassing of the kitchen. – Violent arrests pepper spray #OWS #occuppywallstreet

The Forces of the Last Gasp, on Meat Street.

Occupy Wall Street, by way of Occupy Fleet Street, is turning into, You’re all Meat Street. As expected, The Forces of the Last Gasp have dispatched their faceless, assault bots, with their black motorcycle helmets into the parks, plazas and sidewalks of this debauched culture and looted landscape; into the dying cities of materialism, on their homeward bound course, which is the eventual destiny of this particular format, marching into its own particular entropy, which is it’s final destination. Imperialism has its denouement, as do all of the other temporary forms, grafted on to the original tribal state. Every one of these systems has their perversion specialists and money manipulation experts and we know who they are in present day, in tandem with it being, “same as it ever was”.

Luke Rudkowski explains what went down during OWS eviction

LRAD, beatings, protesters putting chains around their necks to prevent eviction, Luke Rudkowski from wearechange explains exactly what happened as the police moved in to destroy the Occupy Wall Street camp.

Chairman of EU Trilateral Commission and Bilderberger Leads Italy After Berlusconi Crisis

James Mackenzie
Reuters

Nov 14 (Reuters) – Mario Monti, the economist who will head an emergency Italian government following the departure of Silvio Berlusconi, brings credentials earned in a decade of battles as a European Commissioner from the 1990s…

Live now NYC protest Video Stream + IRC Chat #occupywallst #ows

Apparently, from the live feed, the police are ignoring the TRO, which means the orders to shut down the protests probably came from DC. The police are spilling Americans’ blood to protect Wall Street’s gold.

WOO-HOO: Judge rules NYPD eviction of #OccupyWallSt ILLEGAL: the reoccupation begins!!

UPDATE: OWS obtains temporary restraining order against NYPD!!

heard on the OWS livestream (included) — with source links

New York police clear anti-Wall Street protest camp

NEW YORK (AFP) – Police flooded into the New York cradle of anti-Wall Street protests early Tuesday, driving out demonstrators and tearing down tents in a surprise strike at the heart of the two-month-old movement…

Police clash with protesters during Zuccotti Park clearance, scores arrested

Ryan Peters, 29, from Chicago, who took leave of absence from the advertising agency where he works to tour different Occupy protests, cried as he told msnbc.com that about 30 people had chained themselves up inside the Occupy protest’s kitchen area.

“People want to fight for something that’s really important,” he said. “It makes me cry every time I think of them (the people in the kitchen) getting locked down in the park … these guys are patriots.”

There were unconfirmed reports that tear gas or some other kind of irritant spray had been used by police. Peters was unable to confirm that, but said at one point during the night his eyes had begun to sting.

I continue to get inside word here in Hawaii that APEC was a disaster for Obama. Despite an iron-fisted shut down of overpasses to block protest signs, Asia has heard the people of the United States cry out that they will no longer pay for US Government mistakes or Wall Street’s crimes.

As a result, Asia will buy no more US debt, and is openly worried about repayment of the debts they currently hold. Obama’s insults to China show that he has thrown a tantrum, and desperate to borrow more money, he has to show the rest of the world that the people of the United States are chained down and unable to refuse to pay for the costs of Wall Street’s Mortgage-backed Securities fraud, the biggest financial swindle in history, which is what has brought the global private banking network to the edge of collapse.

I expect the police will be given orders to really start beating up the protesters before more of the world’s financial centers realize that the US Government cannot make good on its promise, made and demonstrated during the S&L Bailout of the 1980s, to always have the taxpayers cover Wall Street’s losses.

Sadly, we are entering a very bloody time in the nation’s history, with the government willing to spill the people’s blood to protect Wall Street’s gold.

Olbermann: Resigned Oakland Attorney Dan Siegel – ‘Pointless to Bully or Dispossess Occupy’

Protesters to close Wall Street down

Anti-corporatism protesters in New York plan to close down Wall Street by holding a street carnival to mark their campaign’s extension into its third month.

Protesters plan to force the closure of Wall Street, US financial center and home to New York Stock Exchange, on Thursday, by marching from the camp headquarters in Zuccotti Park in Lower Manhattan before fanning out across the city’s subway, Reuters reported on Tuesday.

Second Member of Oakland Mayor Jean Quan’s Team Resigns Due to Occupy Oakland Response

Tonight marked the second resignation of a member of Oakland Mayor Jean Quan’s team which so far includes Deputy Mayor Sharon Cornu and Quan’s legal adviser and “longtime friend” according to Mercury News, Dan Siegel.

At 7:30 pm the Mercury News live blog covering Occupy Oakland announced that Deputy Mayor Cornu resigned, effective immediately.

Mayor Quan wrote in response, “Sharon has been a tremendous asset to my administration. We wish her well and I’m grateful for her contributions. I will be restructuring my administration and making additional personnel announcements in the coming days.”

Hartmann: Conversations with Great Minds – Ellen Brown, Web of Debt

 

“Currency should complement society, not enslave it” – kdtroxel

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