World Financial Crisis Part 3

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Fidel

[url=http://globalresearch.ca/index.php?context=va&aid=18160]The Next Big Bank Bailout is on the Way[/url]

Banksters holding out for another bailout or just looser regulations in order to hide losses? 

thanks

"should be looking for P3 partnerships in building 30,000 new hospitals and clinics across the country."

sarcasm, i hope

 

Fidel

Absolutely Innocent  Because with PPPees we get less for more. The Chinese, too, could have a $130 billion dollar infrastructure deficit if they followed the advice of our neoliberal bananas in Manyanada

NDPP

Zero Point of Systemic Collapse

http://www.countercurrents.org/hedges190310.htm

"Alexander Herzen, speaking a century ago to a group of anarchists about how to overthrow the Czar, reminded his listeners that it was not their job to save a dying system but to replace it. 'We think we are the doctors. We are the disease.' All resistance must recognize that the body politic and global capitalism are dead. We should stop wasting energy trying to reform or appeal to it.

This does not mean the end of resistance, but it does mean very different forms of resistance. It means turning our energies toward building sustainable communities to weather the coming crisis, since we will be unable to survive and resist without a cooperative effort."

NDPP

Obama: Inside Man for the Greatest Heist in History

http://www.blackagendareport.com/?q=content/obama-inside-man-greatest-he...

"Barack Obama is the Great Facilitator of Wall Street's desperate efforts to loot itself out of oblivion..

When the US government makes available to Wall Street $23.7 Trillion, it has essentially transferred the faith and credit of the American State to the financial sector. That is the swallowing of the American state.."

NDPP

Are Americans [and Canadians] Too Broken by Corporate Power to Resist?

http://www.informationclearinghouse.info/article25069.htm

'We need to take a lok at what forces in society are preventing people from being able to resist tyranny and dehumanization..'

NorthReport

Doesn't look good.

 

Searching For Jobs - Just How Bad Is It?

 

 

NDPP

Is It Time For Law Abiding American Citizens to Stop Paying Their Taxes and Start a New Government?

http://globalresearch.ca/index.php?context=va&aid=18431

"The evidence is now overwhelming that the US government has facilitated the theft of trillions of dollars of national wealth and 99% of the US population no longer has political representation.."

Noah_Scape

Maybe it can work though? It is a mysterious and complex financial system, and we - experts or dummies like me - really don't seem to have a handle on how it all works.

Conjecture: The US government "printed, borrowed, or otherwise found" $21 Trillion, and the world's 5000 wealthiest people have another $10 Trillion or so, and the rest of the upper class has that much again, plus the masses have their coin jars worth another $1 trillion.

  If that is more or less true, then the world has about $50 Trillion in currency and that currency floats around, and it might get hung up sometimes in credit bubbles, but wherever it is needed there are ways to get it there now. Maybe we can take heart in what happened in the 2008 - 2010 credit crisis.

    That is not to say there are not bad things with the financial system - there is terrible inequity, and the labour market is akin to slavery in a lot of places, and there is much needless suffering that could be eliminated with changes to the financial system but simple greed keeps it from happening. So we have work to do but I don't think we need to feel too much fear of the whole thing collapsing anytime soon... if we can get through that next credit bubble in 2012...

NDPP

More Toxic Paper: Another Stealth Bailout

http://www.globalresearch.ca/index.php?context=va&aid=18475

"It looks like investors in securitizations will be swapping underwater real estate for govt-insured paper...I think the scam here is just to provide some cover so the hedge funds and other high net worth individuals can trade their low grade paper for Triple AAA mortgages insured by the FHA at the taxpayers expense..

So the cutthroat speculators and bunko artists who fleeced us all with their dogshit subprimes, have returned for another dip at the public trough.."

epaulo13 epaulo13's picture

The Global Economic Crisis: Riots, Rebellion and Revolution
When Empire Hits Home, Part 3

by Andrew Gavin Marshall

As nations of the world are thrown into a debt crisis, the likes of which have never been seen before, harsh fiscal ‘austerity’ measures will be undertaken in a flawed attempt to service the debts. The result will be the elimination of the middle class. When the middle class is absorbed into the labour class – the lower class – and lose their social, political, and economic foundations, they will riot, rebel, and revolt.

http://www.globalresearch.ca/index.php?context=va&aid=18529

siamdave

Noah_Scape wrote:

Maybe it can work though? It is a mysterious and complex financial system, and we - experts or dummies like me - really don't seem to have a handle on how it all works....

- you may find a read of this helpful in getting a bit of a grip on the basics - things the media never talk about, things few people understand about the root of the whole problem - What Happened? http://www.rudemacedon.ca/what-happened.html

Slumberjack

siamdave wrote:
you may find a read of this helpful in getting a bit of a grip on the basics

Quote:
For over 200 years our ancestors worked and struggled to make Canada one of the bright spots on the world map - peaceful, democratic, progressive, prosperous, providing an ever-improving life for all of its people

Nearly lost my grip on breakfast after the opening line.

siamdave

Slumberjack wrote:

siamdave wrote:
you may find a read of this helpful in getting a bit of a grip on the basics

Quote:
For over 200 years our ancestors worked and struggled to make Canada one of the bright spots on the world map - peaceful, democratic, progressive, prosperous, providing an ever-improving life for all of its people

Nearly lost my grip on breakfast after the opening line.

 

- I'd be curious as to why ....

Maysie Maysie's picture

Unfortunately, siamdave, the answer would be graphic, icky, and beyond the scope of this already-too-long thread. I suggest you start a new thread if the answer and discussion are important to you.

Closing for length.

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