Jim Willie on the economic crisis: Planks to valid recovery

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  • liquidate the big US banks
  • liquidate the US housing market
  • return factories to US shores
  • reform the tax structure to lower corporate tax and to encourage factory return
  • end the wars to secure oil and narcotics supply
  • re-impose the Gold Standard.

“None of the six planks will be introduced, since all interfere, even collide, with the priorities of the syndicate.”Jim Willie CB

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Sprott on the economic crisis: ‘Debt has to be reduced, not increased by more deficits’

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‘”On both sides of the Atlantic, the largest contributors to the current crisis are excessive debt and spending. We are now at a point where additional government stimulus measures will have negligible, if not detrimental effects on the economy and long-term growth.”

“The historical evidence shows that countries with large governments and high levels of debt have on average, achieved lower economic growth. Given the already high level of debt and deficits in most developed countries, it is doubtful that increased fiscal stimulus will really help the recovery. It’s clear that debt is the problem and the solution does not lie in piling on even more of it.

“The current misconception that our economic salvation lies with more stimulus is both treacherous and self-defeating. As long as we continue down this path, the “solution” will continue to be the problem. There is no miracle cure to our current woes and recent proposals by central planners risk worsening the economic outlook for decades to come.” (Emphasis added) Eric Sprott & Etienne Bordeleau

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Billionaire Hugo Salinas Price: Saving Greece using Silver

Hugo Salinas Price’s Plan to save Greece using Silver

CNL Editor’s Note:

Watch  the complete excellent 13 minutes interview in the second half of The Keiser Report (from min 12.40) Max Keiser talks to Hugo Salinas Price who appeals to Alexis Tsipras to propose bringing a silver standard to Greece.
http://maxkeiser.com/2012/05/31/kr295-keiser-report-with-hugo-salinas-price/

Hugo Salinas Price is the founder of Mexico’s Elektra retail chain. Continue reading

Gerald Celente: Economic Collapse, Morality, and YOU

From the authors of the video: “This is a quick bite of an interview we are planning on using in an upcoming documentary project about the collapse of the U.S. economy. I had the chance to interview Gerald and one of the most important things he talked about as a solution to all our problems was our own morality. It’s a simple concept but unfortunately it is overlooked way too often.”

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