” a new act would re-establish a firewall
between commercial and investment banking,
making the financial system more secure, stable (…)”
Jim Willie: “The pathogenesis is obvious to those in the Sound Money camp. (…) The cadaver in Intensive Care cannot be revived with more intravenous applications of contaminated money, the body dead since September 2008. Insolvent systems rush to the crash zone, where efforts can only delay the outcome.” (1)
“The Eastern solution avoids the USDollar and the entire FOREX system. It will be built upon gold trade settlement, will issue Gold Trade Notes to function like Letters of Credit, will operate as peer to peer instead of passing through the monolith banks, and will be conducted on portable devices like Smartphones and Blackberrys.” (2)
Reginald H. Howe: “A well-functioning international monetary system is as critical to a healthy global economy as a well-functioning circulatory system is to the human body. Backwardation in gold can be compared to very high blood pressure: a sign that something is dangerously amiss and that absent prompt remedial action, a serious and quite possibly catastrophic event is imminent.”
“By relinking the international monetary system to gold in a flexible, practical and effective manner, Chinese GPS ( Gold Positioning System ) could spearhead a return of sanity and soundness to world finance and lay a new foundation for global growth and prosperity.” (3)
“The billions of dollars that the drug trade injects into the bankrupt financial system through money laundering has been used to recapitalize the financial sector. Continue reading
“A group of teenagers in New Delhi have decided to take their future into their own hands. Working together to manage their own mini economy, it seems they could even teach the world’s international bankers a thing or two. RT’s Priya Sridhar explains.”
“In a time when many people would argue that the global financial system is on the brink of collapse Continue reading
“Goldman Sachs and the financial technocrats have taken over the European ship. Democracy has gone out the window, all in the name of keeping the central bank independent from the “abuses” of government. Yet the government is the people—or it should be. A democratically elected government represents the people. Europeans are being hoodwinked into relinquishing their cherished democracy to a rogue band of financial pirates, and the rest of the world is not far behind.” Ellen Brown
Week’s Best audio Interview: Jim Willie CB
“There is exponentially rising risks for individuals and their money…the risk right now–is people losing their entire life savings. I cannot seem to get people to understand this” Jim Willie
Click on the link below to listen to the interview: Continue reading
Rodney Shakespeare, London-based professor of binary economics says the United States economy is “moving totally out of control” as new data shows that the amount of money the U.S. central bank printed out back in 2009 to shore up the American bankrupt financial system was much higher than publicly announced.
The Global Financial System is the Problem,
not Countries’ Spending Habits
November 5, 2011
In two separate speeches in Cannes, one to the official G-20 gathering and one to the “B-20” business forum, Argentine President Cristina Fernandez de Kirchner delivered a useful attack on the global financial system’s rampant speculative practices, and slammed the insane austerity measures now being imposed on Greece. She also highlighted the role that rating agencies had played in recent years, in creating the “fiction” that Greece was able to pay its debt, while “punishing” Argentina for not playing by their rules.
“criminal element at the very top of the Western power structure,
especially at the very top of the financial system,
has been cut off from their money printing machine.”
“the world’s financial system is falling apart.
The IMF will soon cease to be solvent.
The same is true of the World Bank.
The BIS is also in trouble.
the entire Rothschild banking monopoly
is in deep trouble.”
“Although a decade of research has proven a high level cabal at the top of the Western power structure was behind the 911 terror attacks, few realize the attack was an esoteric battle in a war for control of the global financial system.”
Benjamin Fulford Continue reading
“The Germans are actually working toward a new alliance with Russia and China, with Persian Gulf support. They look East as they see the West in shambles.” Jim Willie CB
“London for over two centuries and New York for nearly a century have both been the two hearts of the international financial system and the lairs par excellence of the world’s major bankers. Any global banking crisis (as any major bank event), therefore, begins and ends in these two cities since the modern global financial system is a vast process of incessant wealth recycling (virtual or real) developed by and for these two cities.
The decimation of the Western banks that begins and will continue in the coming quarters, an event of historic proportions, cannot therefore be understood without first of all measuring and analyzing the role of Wall Street and London in this financial debacle.” leap2020.eu
Stock prices of most of the biggest banks in the world
have plunged dramatically
since July 2007.
“Royal Bank of Scotland is down 96%,
Commerzbank is down 94%,
Societe Generale is down 84%,
Intesa Sanpaolo is off 74%,
and Santander is down 37%.
In the U.S.,
Citigroup has fallen 94%,
Bank of America 86%,
Morgan Stanley 78%,
Goldman Sachs 52%,
Morgan Chase 28%,
and Wells Fargo 23%.”
“The financial system is not only eating
nations and populations,
but also eating its own banks,
in a desperate attempt to survive.”
LaRouchePac Continue reading
“The Street’s total exposure to the euro zone totals about $2.7 trillion.”
“Greece isn’t the real problem. Nor is Ireland, Italy, Portugal, or Spain. The real problem is the financial system — centered on Wall Street. And we still haven’t solved it.”
“And that problem will not be solved in the way that you might think of it, because the people ‘solving it’ are the same ones who created it. Their every effort will be directed toward increasing their power and preserving their situations and advantages, to the exclusion of most other concerns.”
Harvey Organ Continue reading