Thursday, 25 November 2010



Irish Banks Need $40 Billion of New Capital, CreditSights Says







HI Max

Love your show and people are taking great sustenance from them. I wrote a song on the 18th partly informed by your show. Its called Cead Mile Failte to the IMF. Hope you like it http://www.youtube.com/watch?v=qNEoOvMd8-Q

If you’d like to chat about the grassroots response from many people in ireland feel free to get in touch. Im involved with several groups and campiagns fightin the cuts, because at the minute our voices are not being represented anywhere.Instead we are being mediated to and by “experts” and professionals. Our communites and workplaces need to have voice to give us confidence to build social movements that can challenge this IMF/ECB madness and the effect of “austerity”.

Love and Solidarity

Mark Malone AKA soundmigration
























Gary North, who purports to be an expert on the errors in my book “Web of Debt,” has evidently not actually read it. In an article posted on the Market Oracle on November 23, he says that in calling QE2 a “bold precedent,” I have switched sides. He apparently missed the chapter I wrote on this subject, first published in “Web of Debt” in 2007, saying exactly what I am saying now. More

Flashback


If the euro breaks up we’ll have something that was expressly outlawed 60 years ago. 1 Germany, with 1 currency, with 1 German central bank and 1 mandate – kick China’s ass (forget the U.S. it’s toast) as a global super power. The Germans must be biting their tongue as best they can because if people really thought about what happens when the Teutonic genie is let out of the bottle – watch out world. Or, maybe Germany has learned its lesson and will run a proper global empire this time. We’ll see, but one thing is for sure . . . A new, reunited German super power is only one or two euro countries defaulting away from happening.




MK: Before allowing the IMF coup d’etat of Ireland, the government of Ireland should have demanded that the IMF proves that it is solvent. Just like the foreclosure crisis in America where home owners are demanding to ‘see the note.’ The people of Ireland should have demanded to see some proof that the IMF is not bankrupt itself and not just using phony paper to acquire assets on the cheap. Oh well, too late. Bankrupt global banks acquired Ireland’s assets using wampun and trinkets. Now these banks, owners of Ireland’s assets, will leverage Ireland’s assets to put in place the facilities needed to extract rent from Irish citizens.


Million dollar squatters are like America itself – the trillion dollar squatter every country in the world wants to evict






“Max is right, the Dollar is worthless. Gotta buy more Gold.”


“Of course I watch “Keiser Report.” Max is very funny and I like Stacy too.”

TREASON IN U.S. BANKING SYSTEM

The Euro destroyed democracy in Europe. Greece and Ireland are now vassal states with global bankers ruling over them. Portual is next . . . Then Spain . . .

“But it´s even more serious than economics: Because if you rob people of their identity, if you rob them of their democracy – then all they are left with with is nationalism and violence! I can only hope and pray that the Europroject is destroyed by the markets before that really happens!”

Andrew Maguire’s testimony regading insiders sending messages to each other to manipulate Silver prices


Teri Buhl alerted us to this absurd move by the US justice system on the “Keiser Report.”

New York • The trustee trying to recover money for investors cheated by jailed financier Bernard Madoff announced a lawsuit Wednesday against the Swiss bank UBS AG and related entities and individuals, alleging they collaborated in Madoff’s Ponzi scheme.

The lawsuit alleges 23 counts of financial fraud and misconduct, and seeks to recover at least $2 billion to be distributed to Madoff’s victims, who lost billions when Madoff revealed in December 2008 that his investment company was a gigantic fraud, Trustee Irving Picard said. It was filed in U.S. Bankruptcy Court.

UBS actively assisted Madoff’s scheme by serving as the sponsor, custodian and administrator of various affiliated feeder funds, Picard alleged.

The full complaint was filed under seal. Only a redacted version was available to the public.

“We have battled with UBS regarding disclosure of information about the bank’s knowledge of Madoff,” Picard said.

“Unfortunately, they are still trying to shield this information from the public by designating all of their information as confidential. We intend to have the designation removed and the complaint made public as soon as possible.”

A spokesman for the bank declined to comment.

Madoff’s scheme could not succeed “unless UBS had agreed not only to look the other way, but also to pretend that they were truly ensuring the existence of assets and trades when in fact they were not and never did,” said David Sheehan, counsel for the trustee.

Without UBS’s serving as promoter, custodian and administrator, “Madoff’s fraud would have been diminished in both scope and duration,” Sheehan added.

Madoff is serving 150 years in federal prison for the fraud.


Nothing to see here serfs…move along. Go back to watching the Jersey Shore big daddy will protect you from all those scary terrorists that hate all this “freedom” you have. Enjoy the molestations at the airport this holiday weekend. Remember we need to take your freedoms to protect them. Get it???


China, Russia quit dollar

St. Petersburg, Russia – China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to protect their domestic economies.

“About trade settlement, we have decided to use our own currencies,” Putin said at a joint news conference with Wen in St. Petersburg.

[Read more →]

Press TV – News Analysis-EU Economic Woes





It’s official: we past peaked oil

Peak Oil Is Officially Set To Starve The Economy