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roman
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Achtung! Danas, 23 studenog 2011, Njemačka je svijetu pružila zaista šokantni spektakl: Aukcija suverenih dužničkih obveznica nije prošla na način na koji je najjača europska ekonomija do sada već navikla. Naime skoro 40% od gotovo 6 milijardi ponuđenog duga - ostalo je neprodano. Bez masivne intervencije Bundesbanke kroz kupnju velike količine suverenih zadužnica, današnja bi se njemačka aukcija bondova pretvorila u pravu financijsku katastrofu. Prije ili poslije, na površinu je morala isplivati i istina o pravom stanju njemačkog gospodarstva. A istina koja je slučajno ili ne, danas izbila na vidjelo - upravo je ovakva: Dug Njemačke, veći je od duga Grčke i Italije. Realni njemački dug, kako javljaju s naslovne stranice medija Handelsblatt, u kojeg su uključeni troškovi za penzije i zdravstvo - za 5 tisuća milijardi eura je veći od službeno predstavljanog iznosa. Razlike li drastične! U službenim podacima za 2011 godinu, na zaduženje se gleda kroz cifru od 2.000 milijardi eura, međutim, mirovinski i zdravstveni sektor su izostavljeni iz tih izračuna. Stvarna težina dužničkog tereta iznosi 7 trilijuna eura! Dakle njemački realni dug u odnosu na bruto domaći proizvod iznosi 185%, a ne 85% kako se službeno navodi. Za usporedbu, grčki dug bi u 2012 trebao dostići 186% BDP-a, dok Italija ima omjer duga u odnosu na društveni bruto proizvod od 120%. Službeno, kritični prag iza kojeg dug ometa privredni rast, prekoračuje se zaduženjem u visini od 90% BDP-a. U šest godina na čelu države, kancelarka Angela Merkel je zadužila Njemačku više nego svi kancelari u posljednjih četrdeset godina zajedno. Ovih 7 trilijuna eura, bjanko ček je s potpisom njemačkih građana kojeg će radom i znojem plaćati buduće generacije.

tuper
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16 December 2009, Ron Paul: "Ben Bernanke is the greatest counterfeiter of money in the world." When we talk about our past and our present, then we talk about the times in which counterfeiting of money is legal and institutionalized. Obviously, we're talking about the system designed by the banksters to serve bankers at the expense of everybody else. Let me describe our politics of powerlessness: no problem - no solution. If we really want to talk about our real basic problems, then sorry, but we really have to mention money without any value, issued out of nothing in unlimited quantities as a debt, with one and only primary purpose: gaining of absolute power and control. When is enough, enough? Right now! It is time to stop talking and do something - obviously, the one and only functional solution is to abort the very dangerous and destructive illusion, their global debt-based monetary machine. 7th December 2010: The Biggest Bank Run In World History?


A spectre is haunting Europe. Its not the revolution that Karl Marx supposed would come about. Nor is it Parisian students and workers taking to the streets as in May 1968. It is the vision of hordes of Europeans striking back at those who caused global financial crash. This time, organizers are calling for the use of a new weapon, one available to any of us with a bank account. It is the simple act of removing all of our money from the banks, and doing so in mass on the same day - December 7th. While it is hard to know who first thought of this marvelous act of political theater, it has begun to take serious traction in France and is now spreading across Europe. It has especially taken off since a ringing endorsement of the idea began making the rounds on YouTube and Facebook by the always amusing, and surprisingly thoughtful, ex-soccer star Eric Cantona. His sights are now trained on the banking and financial system that he holds responsible for current global economic problems. The 44-year-old former footballer recommended a run on the cash reserves of the world's banks.

tuper
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$10,200,000,000,000.00 is really a lot of money, that's the amount which the governments of the 'most richest' world countries will have to borrow in 2011. Debts of the most developed countries are growing to levels not seen since the Second World War, and it is hard to know how much is too much. But it's easy to understand that the risk of financial bubbles burst looks now bigger than ever before.


In the following year, fifteen major advanced-nation governments, including United States, United Kingdom, Japan, Spain, Italy, France and Germany, will have to find somewhere approximately 10,2 trillion U.S. dollars to repay maturing bonds and finance their budget deficits - the assessment comes from International Monetary Fund. That’s up 7% from this year, and equals 27% of their combined annual economic output.

banker
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2010 - New quantitative easing. What shape QE2? Atlanta Federal Reserve Bank president Dennis Lockhart wants it BIG. How BIG? This BIG: $1.7 trillion over the course of 15 months - $100 billion a month! Which means that very soon the Fed will buy up every single Treasury in existence. It will also kill the dollar.


The Biggest Bank Robbery In History? More Quantitative Easing = Backdoor Bailouts For The Big Banks Without Having To Go Through Congress!

roman
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"Global Derivatives Casino: The fact that common folks in the US and other developed countries have not come out in arms to lynch the central bankers and their accomplices in Wall Street and other banking centres is an indication how effective the financial elites have been able to hoodwink and confuse the masses. $Trillions have been wiped out but hardly anyone of substance has demanded criminal prosecutions. Fraud, massive frauds have been committed by top bankers, lawyers, accountants, regulators and politicians of all hues but none had to pay for their crimes. But, the guy who robs the corner shop down the road for a couple of bucks is incarcerated for five years or more, buggered and abused in prison. There is no pity for such a scumbag, no matter what are the circumstances that drove him to commit the crime. The Bernankes, the Geithners, the Paulsons, the Larry Summers and their pals in Goldman Sachs, JP Morgan, Citigroup, Merrill Lynch, Bear Sterns, Lehman Brothers, Fannie Mae, Freddie Mac and their European counterparts are given blanket immunity and allowed to continue the rape and plunder of the global economy. $Trillions have been spent to bail out these corrupt bankers. Not one banker, regulator or central banker has been prosecuted. In the past two years, you may be excused for your ignorance. Now, there can be no more excuses for not taking actions against these financial rapists. And if you don’t, you deserve to be raped and plundered!"


There is no easy way out for the US after stealing so much prosperity from the future through debt. Clearly, the 'canonical New Keynesian' model that holds such sway on America's elites is intellectually exhausted. But the Fed has an arsenal of neutron bombs. Stimulus leaking out of the West's stagnant economies is flooding into emerging markets, playing havoc with their currencies and economies. Capital controls eyed as global currency wars escalate... Brazil, Mexico, Peru, Colombia, Korea, Taiwan, South Africa, Russia and even Poland are either intervening directly in the exchange markets to prevent their currencies rising too far, or examining what options they have to stem disruptive inflows. Peter Attard Montalto from Nomura said quantitative easing by the US Federal Reserve and other central banks is incubating serious conflict. "It is forcing money into emerging market bond funds, and to a lesser extent equity funds. There has truly been a wall of money entering many countries," he said. Brazil's finance minister Guido Mantega (pointing the finger at America, Europe and Japan): "We're in the midst of an international currency war, advanced countries are seeking to devalue their currencies", pointing the finger at America, Europe and Japan.

spock
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I suppose that by now most people have already heard about "Somalian Pirates". But many people may not have heard of ecology pirates of Somalia. Did you know that the European ships have been looting Somaia's seas of their greatest resource: seafood. We have destroyed out own fish stocks by over-exploitation and now we have moved on to theirs. More than $300 million worth of tuna, shrimp, lobster and other sea life is being stolen every year by vast trawlers illegally sailing into Somaliaís unprotected seas. But that's not the worst of it. In the latter part of the 20th Century, a growing expense to both private corporations and governments has been the disposal of waste - biological from hospitals and labs, toxic waste from factories and industry and nuclear waste from medical and military use. The most prized catch of the Somali seas if the yellowfin tuna, yet these fish have been found to have surprisingly high traces of such toxic chemicals as cadmium, mercury and radioactive uranium.

 

marc
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You may have heard recently that U.S. companies have emerged from the financial crisis in robust health, that they've paid down their debts, rebuilt their balance sheets and are sitting on growing piles of cash they are ready to invest in the economy.

You could hear this great news pretty much anywhere, maybe from Bloomberg, which this spring hailed the "surprising strength" of corporate balance sheets. Or perhaps in the Washington Post, where Fareed Zakaria reported that top companies "have accumulated an astonishing $1.8 trillion of cash," leaving them in the best shape, by some measures, "in almost half a century."

spock
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I'm a little bit disappointed with the human evolution. I expected so much more from the scientist's world. There is an old saying that goes "never in the history of the world has there been a situation so bad that the government can't make it worse." How do you know that your state is broke? You know your country is broke when nobody has any money so we all just agree to make some up.

 

banker
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Game is over. In 2009 US-debt (55 Trillion Dollars) matched with GWP (Gross World Product, 58 Trillion). It is incomprehensible but true: America’s total money supply (M3) is around $15 trillion while the US national and private debt total around $55 trillion. How is America paying an existing $55 trillion in debt with a total of $15 trillion money supply? The US is short $40 trillion only this year. Where will that money come from?

 

marc
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Everybody knows that people go to work so they can get money to buy things. The things people buy are paid for with money people earn by making the things people buy. And that would be all there is to say about it if it weren't for a big problem that keeps happening: "From conspiracy theorists to conspiracy watchers - Seigniorage fraud."

 

marc
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On this edition of the Keiser Report, Max and co-host Stacy Herbert look at the latest scandals of filling black holes of debt with austerity plans and imperial plans. In the second half of the show, Max talks to Cedric de Serigny of the School of Economic Warfare in Paris about rating agencies and financial terrorism.

You need to a flashplayer enabled browser to view this video 

roman
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Agencija za kreditni rejting Fitch je danas kao posljedicu zabrinutosti zbog zaduženja srezala trostruku "A" ocjenu Španjolskoj.

Njemački magazin "Der Spiegel" je podsjetio financijska tržišta zašto je predloženi plan talijanskog ministra ekonomije i financija Giulio Tremonti-a očajnički žurno usvojen, i to tek nakon njegove prijetnje ostavkom.

Italiju će zgnječiti lavina dugova koji uskoro stižu na naplatu, lavina veća od one koja je pokosila Grčku, u iznosu od 1/3 talijanskog društvenog bruto proizvoda. Ignorirati ovo upozorenje predstavlja veliku opasnost za naše susjede.

Ne treba se imati ekonomski fakultet da bi se shvatilo što predstavljaju dugovi koji stižu na naplatu u visini od 1/3 talijanskog nacionalnog BDP-a. Svakom je jasno da se Italija odmah mora suočiti s problemom kolosalnih dimenzija. Ovaj karcinom je sve do prije nekoliko dana bio skrivan. Valja se podsjetiti da je Talijanska Središnja Banka privatna institucija i da je javni dug Italije dostigao 1,8 trilijuna eura (1800 milijardi).

Ova najnovija vladina mjera je nažalost još jednom potvrdila nova zaduženja kao uobičajeno jedinu prakticiranu strategiju za pokretanje gospodarstva.

Međutim "uzbuna" ovog puta nije metafora nego stvarna opasnost, talijanska dužnička situacija je poprimila kritične razmjere. U 2010 godini, upravo sada, Italiji dospijeva na naplatu 251.5 milijardi eura javnog duga što je više od 10 puta veća cifra od iznosa upravo usvojenog prijedloga ministra ekonomije i financija Tremonti-a za spašavanje onoga što se spasiti može. Radi se o ogromnim brojkama, a ozbiljnost situacije i vjerovatan scenario u ovim trenucima potvrđuju i credit default swaps-i na talijanski suvereni dug koji su porasli za 70% u samo dva tjedna na apsolutni povijesni rekord.

Kao da to nije dosta, 192,2 milijardi eura duga dolazi na naplatu u 2011 godini, a drugi obrok od 168,2 milijardi eura u 2012. Sveukupno 611,9 milijardi eura u tri godine.  "Der Spiegel" navodi da je to otprilike jedna trećina (32%) talijanskog društvenog bruto proizvoda koji je po podacima Svjetske Banke za 2008 godinu iznosio 2,3 trilijuna dolara.
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