Archive for the 'Elite' Category
Sarkozy, Merkel in Emergency Meeting
August 12th, 2011Via: AFP: French President Nicolas Sarkozy called a eurozone crisis meeting with his German counterpart while Italy promised cuts and tax hikes Thursday as its part in the battle to save the single currency. Merkel will travel next Tuesday to Paris for the meeting aimed at producing “joint proposals” by September on how to better […]
World Is Witnessing Financial WWIII
August 12th, 2011Via: Russia Today: Following the loss of the US’s triple-A credit score which sparked sell-offs on global markets, a new war using financial derivatives has been waged, which by no means can bear the name of WWIII, financial analyst Max Keiser told RT. Investors however remain unconvinced the country’s finances are solid enough. Problems in […]
Ireland Being “Run by Mad People in Brussels”
August 11th, 2011Via: Irish Times: POTENTIAL PRESIDENTIAL candidate Gay Byrne has expressed concerns about the development of the European Union, saying Ireland was being “run by mad people in Brussels”. The veteran broadcaster, who revealed this week he had been asked to consider running for the presidency by Fianna Fáil leader Micheál Martin, outlined his worries while […]
Dylan Ratigan Rant Over Political and Economic System Designed to “Extract America”
August 10th, 2011I hardly ever see these talking heads shows, so I don’t know if this type of thing happens often. Apologies if this is just standard fare on the TV nowadays. Ratigan’s description of the issue represents a lie by omission, and his prescription would perpetuate the problem. Mainly, I liked how workers in the background […]
Surprise: Fed May Print More Money
August 9th, 2011Via: Bloomberg: Federal Reserve officials may strengthen their commitment to record monetary stimulus as soon as today after a faltering economic recovery and a U.S. credit- rating cut provoked a rout in global stocks. By a 52 percent to 48 percent margin, respondents in a Bloomberg News survey said the Fed would ease policy this […]
An Investment Manager’s View on the Top 1%
August 8th, 2011Via: Who Rules America: I sit in an interesting chair in the financial services industry. Our clients largely fall into the top 1%, have a net worth of $5,000,000 or above, and if working make over $300,000 per year. My observations on the sources of their wealth and concerns come from my professional and social […]
Key Figure [SIC] in Abu Ghraib Atrocities Freed from Prison
August 8th, 2011The “key figures” are Bush, Cheney and Rumsfeld… Via: AP: The convicted ringleader of detainee abuses at Abu Ghraib was released Saturday from a military prison, an Army spokeswoman said. Charles Graner Jr., 42, was released from the U.S. Disciplinary Barracks at Fort Leavenworth, Kansas, after serving more than 6½ years of a 10-year sentence, […]
Greenspan: No Chance of Default, U.S. Can Print Money
August 8th, 2011HAHA: I’m sticking with my initial guess on this: No default. The U.S. is dealing with a $14 trillion clusterfuck. No way that thing hits the wall. Not like this. There’s way too much potential for something to go super-critical. I have no idea what’s going down at the meeting mentioned below, but it’s probably […]
GERMAN GOVERNMENT THINKS ITALY TOO BIG FOR EFSF TO SAVE
August 6th, 2011Via: NASDAQ: Germany’s government thinks Italy is too big for Europe’s rescue fund to save, Der Spiegel magazine reports in a preview of an article to be published Monday. The government doubts whether even tripling the size of the rescue fund, known as the European Financial Stability Facility, would enable it to save Italy because […]
ECB to Hold Sunday Conference Call on Crisis
August 6th, 2011Via: Reuters: The European Central Bank will hold a conference call on Sunday to discuss its response to the latest developments in the euro zone’s debt crisis, an ECB source said on Saturday.
