Economy | American Pendulum

A Christmas Message From America’s Rich

Posted by admin Economy Saturday, December 24th, 2011

Operations like the Greek swap/short index maneuver were easy money for banks like Goldman and Chase – hell, it’s a no-lose play, like cutting a car’s brake lines and then betting on the driver to crash – but they helped create the monstrous European debt problem that this very minute is threatening to send the entire world economy into collapse, which would result in who knows what horrors. At minimum, millions might lose their jobs and benefits and homes. Millions more will be ruined financially.

BEYOND THE GREEK CRISIS MATRIX

Posted by admin Economy Saturday, December 24th, 2011

The speech on the floor of the Greek parliament is what is powerful about this video. Still looking for the name of the Greek giving the speech….

End of America: The U.S. debt crisis just passed a terrible landmark

Posted by admin Economy Saturday, December 24th, 2011

With precisely one year left for the world and all of its inhabitants, at least according to the Mayans, not to mention on the day of the Winter Solstice, it is only fitting that US debt, net of all settlements for all already completed bond auctions, is now at precisely $15,182,756,264,288.80. Why is this relevant?

The Dangerous Negative Feedback Loop: Global Balance Sheet Recessions

Posted by admin Economy Saturday, December 24th, 2011

Global governments are carrying more debt than ever and raising question as to whether or not a second — and perhaps even more dangerous credit crisis — is inevitable. The clock is ticking and every second, the world takes on more debt.

How To Lose 25% Of Your Assets Instantly (The MF Global Gold and Silver Scam)

Posted by admin Economy Tuesday, December 20th, 2011

As the financial house of cards collapses around us, investors who think they are holding real assets with the claim ticket being a stock certificate, bond or even precious metal warehouse receipt better wake up. The latest revelation from the MF Global ponzi debacle proves, yet again, that if it’s not in your possession you don’t own it. Take heed.

British Prepare Evacuation Plans Ahead of Spain and Portugal Collapse

Posted by admin Economy Tuesday, December 20th, 2011

British Foreign Office personnel have proposed emergency evacuation plans for their citizens living throughout Europe, especially in Spain and Portugal. As tensions over the survivability of the Euro mount, the government warns that a collapse of the banking sector and the European monetary unit may make it impossible for those with assets in affected countries, including bank deposit accounts and homes, to access their funds and evacuate to Britain.

BlueCrest’s Platt: European banks are insolvent

Posted by admin Economy Sunday, December 18th, 2011

Michael Platt, founder of the $30 billion hedge fund BlueCrest Capital, spoke to Bloomberg Television’s Erik Schatzker and Stephanie Ruhle in his first-ever live TV interview. Platt said that most of the banks in Europe are insolvent and the situation in the region is “completely unstable.” On investing in illiquid assets, Platt said he “would not touch them with a barge pole” and that “the major opportunities will come post-blowout.”

How George Soros ended up with MF Global’s client money

Posted by admin Economy Sunday, December 18th, 2011

While the congressional hearings have been interesting, at times shocking, at other times even quite entertaining, Congress has yet to connect the dots. So I will do it for them.

Ellen Brown Interviewed on The Progressive Radio News Hour

Posted by admin Economy Sunday, December 18th, 2011

Brown is a civil litigation attorney, distinguished author, and frequent writer on financial issues. A new edition of her important book, “Web of Debt,” is a brilliant analysis of the private banking system, how it usurped money creation power, and how we can get it back.