Comment (0) Opširnije

Emergency meetings in these days on markets and banks are still stuck in the same stage where central bankers and politicians are discussing over how to create out of nothing a few more trillions of Euros and Federal Reserve banknotes for the rotten system at the taxpayer's expense. I don't have to put a lot of effort into making their ideas seem ridiculous; according to figures released in the BIS September 2009 quarterly review, the total notional amount of outstanding financial derivatives in all categories rose 15% to impressive amount of epic proportions, $596 TRILLION as of December 2007.

According to EU Commission President José Manuel Barroso—who is known for spending his holidays aboard the yacht of the wealthiest man in Greece, Spiro Latsis, and who organized a bailout package for the latter's bankrupt bank—the European nations are threatened with an Apocalypse, civil wars, and military coups in several states, if the funds available for further bailout packages are not increased, and if citizens keep on demanding the social benefits they are used to. All euros are backed by the European Central Bank, but ECB is an idea backed only by confidence. Who will prevent apocalypse in bankrupt Europe?


The secret to the amazing increases in productivity in the American economy is finally out. Companies in the US are not hiring full-time workers. They are gambling that they can keep their margins high by keeping a vast part of the workforce, perhaps millions of people, unemployed. Unemployed people, it turns out to no one’s surprise, will work for very little. And, they will work without benefits, without job security, and without complaint.

Comment (2) Opširnije

In less than six months since its introduction, Ron Paul's bill HR 1207 to audit the Federal Reserve has caused emergency on high positions.

Comment (0) Opširnije