By Yalman Onaran
Unlike other nations, including the U.S. and Ireland, which injected billions of dollars of capital into their financial institutions to keep them afloat, Iceland placed its biggest lenders in receivership. It chose not to protect creditors of the country’s banks, writes Yalman Onaran.
Intro by By Bill Still
Secret of Oz
In 1996, in a documentary called “The MoneyMasters”, we asked the question why is America going broke. It wasn’t clear then that we were, but it is today. Now the question is how can we get out of this mess. Foreclosures are everywhere, unemployment is skyrocketing – and this is only the beginning. America’s economy is on a long, slippery slope from here on. The bubble ride of debt has come to an end.
It’s one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.
But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.
A recent discovery — in October of 2009 — has been suppressed by the main stream media but has been circulating among the “big money” brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox — the US Treasury gold — that is the equity of our national wealth. In short, millions (with an “m”) of gold bars are fake!
Who did this? Apparently our own government.
Posted in COTO2 News, Economy Economics, MSM Shills, Neoliberalism, NWO, Obama and Company, Region: China, War and Peace
Tagged Fake gold, federal reserve, Financial fraud, Fort Knox, GATA, Gold, monetary system, National gold reserves, NYMEX, Rothschild
By Ellen Hodgson Brown
“The banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. They frankly own the place.”
— U.S. Senator Dick Durbin, Democratic Party Whip, April 30, 2009
While the U.S. spends trillions of dollars to bail out its banking system, leaving its economy to languish, China is being called a “miracle economy” that has decoupled from the rest of the world. Continue reading
The agenda to eliminate cash is real and it’s coming to a store near you. The perils of a cashless society make the valueless currency system we have now appear a panacea. Already many must pay extra fees in order to pay their bills in cash. The day is not so far off when even going to the store for a soda will be an entirely electronic transaction. There will be no buying and selling permitted that is not electronic. Continue reading