…a small group of financiers runs the rest of humanity,
a group known as ‘vulture funds,’
obtained debt instruments at absurdly low prices… (1)
¨the Argentine Senate passed by a vote of 39-27
the proposed bill for a new debt swap, that will take place
outside of U.S. jurisdiction.¨ (2)
Image: Stuart Miles / FreeDigitalPhotos.net *
By JS Kim
December 27, 2011
Did bankers use the MF Global bankruptcy to suppress gold and silver prices and create the panicked appearance of collapsing precious metals to give themselves additional precious time to delay the crash of the Euro and the US Dollar? As crazy as this sounds, a closer investigation of some key data seems to imply this possibility. Continue reading
Peter Schiff interviews Ann Barnhardtdavematherly
Former CEO of Barnhardt Capital Management, Ann Barnhardt
shut her firm down in the wake of MF Global’s collapse to protect her customers.
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Jefferson County, Alabama: Another Victim of Derivatives
by John Hoefle
Jefferson County Alabama Courthouse / Wiki Commons *
November 14, 2011
Jefferson County, Alabama, filed for Chapter 9 bankruptcy on Oct. 9, in the largest municipal bankruptcy filing in U.S. history. The county–which contains Birmingham, the state’s largest city–is but the latest in a series of municipal governments destroyed by derivatives. How much of this destruction are we going to tolerate before we reign in the criminality of the financial markets?
Iceland, image by Hordur Vilhjalmsson / FreeDigitalPhotos.net*
Iceland. Refusing to bow to foreign interests, that small country stated loud and clear that the people are sovereign.
That’s why it is not in the news anymore. Continue reading