public debt
Economic Rape of Europe Nearly Complete, Part III
In this installment I will focus on the second strategy for completing the looting of Europe. It is a mere two-word phrase, and arguably the most-odious two-word combination in the realm of 21st century economics: “loss guarantees”. It is the ultimate form of “welfare” for both the banker Oligarchs and the bond parasites
28Jul2011 | JeffNielson | 2 comments | ContinuedEconomic Rape of Europe Nearly Complete, Part II
… the decision by Western banking authorities to designate the national gold hoards of these nations as “collateral” for their (fraudulent) bond debts has two entirely different (and separate) motivations. If the gold still exists, then naming gold as collateral for debts which could never be repaid (and where default is imminent) is nothing less than the theft of these nations’ gold reserves.
25Jul2011 | JeffNielson | 0 comments | ContinuedEconomic Rape of Europe Nearly Complete, Part I
The banksters had already perfected their terrorist weapons: interest-rate swaps and credit default swaps. Now they needed to determine if they actually “worked” – i.e. if their scam-victims were gullible enough to be fooled by bankster double-talk, and if our legal systems would “tolerate” this massive, systemic fraud.
22Jul2011 | JeffNielson | 0 comments | ContinuedThe Two Sides of Precious Metals Propaganda
Propaganda is a form of control. To maximize that “control” it is just as important to dominate the bullish commentary on precious metals as it is to “lead the choir” on the bearish side. Thus the propagandists are highly motivated to get you to believe them about what is “causing” gold and/or silver to go higher on days the metals are rallying.
20Jul2011 | JeffNielson | 4 comments | ContinuedRhetoric on U.S. ‘Deficit-Reduction’ is Nonsense
Here is what is really taking place at the political circus in Washington. Republicans and Democrats are (supposedly) negotiating to reduce a small portion of future U.S. deficits, totaling $4 trillion over a period of many years. Suddenly this “Grand Bargain” doesn’t sound quite so grand, does it?
19Jul2011 | JeffNielson | 2 comments | ContinuedFiscal Suicide, Part II: A Swirling Motion
Medicare cuts (or lack thereof), government-sourced personal income, emergency loans to the states, and more. Russ discusses how it is hard to see how we’ll get by without some of this being renewed — and none of it is factored into the deficit projections.
19Jul2011 | Lee Adler- The Wall Street Examiner | 0 comments | ContinuedFiscal Suicide; The Point of No Return
The bottom line here is that the gravy train of no accountability, no consequences spending is over.
19Jul2011 | Lee Adler- The Wall Street Examiner | 1 comment | Continued