Economy

Verizon Wireless Now Collecting Your Web Browsing History, Cell Phone Location And App Usage For Third-Party Marketing Purposes Per Default

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– Verizon Wireless Now Collecting Your Web, Location, App Data (PC Magazine, Oct. 13, 2011):

For the last month, Verizon Wireless has been notifying customers through email of a major change to its default privacy setting: it will begin collecting your Web browsing history, cell phone location and app usage, for third-party marketing purposes.

You can opt out of such surveillance, although Verizon has promised not to share any identifiable information with these third-party companies.

If you stay opted in, you’ll eventually start seeing more personalized ads while surfing on your mobile devices, or even when using Verizon FiOS Internet, DSL, or other dial-up services, said Verizon Wireless spokesman Jeffrey Nelson.

Read moreVerizon Wireless Now Collecting Your Web Browsing History, Cell Phone Location And App Usage For Third-Party Marketing Purposes Per Default

Eurozone Bailout Fund (EFSF) To Jump From €440 Billion To Around €2?Trillion – Banks To Be ‘Recapitalized’ With €100-200 Billion

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See also:

– Geithner: US To Play ‘Very Major Role’ In Helping Europe

– German Push For A ‘Hard’ Greek Default Risks EMU-Wide ‘Snowball’

– IMF Advisor Robert Shapiro: Could See Eurozone ‘MELTDOWN’ in 2 Or 3 Weeks, Crisis ‘More Serious Than The Crisis In 2008?

– More lies: Germany ‘Won’t Give More To EU Bailout Fund’ – Finance Minister Wolfgang Schäuble Rules Out Larger German EFSF Contribution

– Germany Must Hit The Eject Button (Stratfor)

A MUST-SEE:

– Stop The EUSSR-Debt-Union Dictatorship – The European Stability Mechanism (ESM) Explained (Video)

If you’ve watched the video, then you know that this is only the beginning …

… and also ‘THE END’.

It’s the ultimate looting of the people!

What a nice fascist dictatorship!

Prepare for collapse.

– Europe in €2 trillion rescue bid (Telegraph, Oct. 15, 2011):

George Osborne has admitted for the first time that Britain may have to provide billions of pounds more to bail out the eurozone as part of €2 trillion international efforts to shore up the single currency bloc and revitalise the flagging global recovery.

G20 finance ministers, including the US Treasury Secretary Tim Geithner, agreed in Paris during the weekend that the International Monetary Fund (IMF) should consider using its resources to backstop a massive eurozone-led rescue effort. Under the terms of its membership, the UK will be liable for 4.2pc of any funds provided by the IMF. The IMF has $390bn available.

Britain has currently a maximum $20bn commitment to the IMF, and has pledged about £10bn to support the eurozone through the IMF and a bi-lateral loan to Ireland.

Germany and France are spearheading a multi-trillion dollar “shock and awe” programme expected to be agreed next weekend and presented the following week at the G20 summit in Cannes.

Read moreEurozone Bailout Fund (EFSF) To Jump From €440 Billion To Around €2?Trillion – Banks To Be ‘Recapitalized’ With €100-200 Billion

Obama Administration Infuriates Environmentalists By Giving BP Green Light To Bid For New Drilling Rights In The Gulf Of Mexico

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– BP allowed back into the bidding for gulf oil drilling rights (The Observer, Oct. 16, 2011):

The Obama administration has infuriated environmentalists by giving BP the green light to bid for new drilling rights in the Gulf of Mexico.

The move – seen as a major step in the company’s political rehabilitation as an offshore driller following the Deepwater Horizon accident – was revealed by the head of the US safety regulator after a congressional hearing in Washington.

Read moreObama Administration Infuriates Environmentalists By Giving BP Green Light To Bid For New Drilling Rights In The Gulf Of Mexico

Citibank Customers Arrested For Trying To Close Their Accounts (Video)

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YouTube

– Developing Story: People Arrested for Trying to Close Citibank Accounts (Gather, Oct. 15, 2011):

More ridiculous arrests coming out of New York today, as Citibank proves it’s just as bad, or even worse than Bank of America in how it treats its customers. Earlier today, about two dozen people formed a queue inside the Citibank building in order to close their accounts as a part of the Occupy Wall Street protests. Instead of allowing them to take their money elsewhere, the genius managers and security people in charge locked them inside and had them arrested.

Read moreCitibank Customers Arrested For Trying To Close Their Accounts (Video)

Meet Americas 10 Highest Paid Bosses – ??The $600 Million Dollar Men – The Forbes List Of The Wealthiest 25 CEOs

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And they earn NOTHING compared to the real power elite that runs America.

– ??The $600million dollar men: Meet the country’s ten highest paid bosses (whose combined incomes could pay the salaries of over 18,300 Americans) (Daily Mail, Oct. 15, 2011):

In light of the Occupy Wall Street demonstration taking place in downtown New York- and those of similar persuasions across the U.S.- the country’s richest one per cent are a very unpopular group right about now.

Making for more trouble, Forbes just released the list of the wealthiest 25 CEOs, and their earning numbers are astronomical.

The amount of money that the country’s top ten wealthiest CEOs make in one year is enough to pay the salary of 18,330 ‘average’ Americans.

Read moreMeet Americas 10 Highest Paid Bosses – ??The $600 Million Dollar Men – The Forbes List Of The Wealthiest 25 CEOs

PIMCO’s Bill Gross Sends Out Big Apology To Investors, And Then Declares That The Economy Is Doomed

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??- Bill Gross Sends Out Big Apology To Investors, And Then Declares That The Economy Is Doomed (Business Insider, Oct. 15, 2011):

Funny, just yesterday afternoon we pointed out the irony of nobody caring about the fact that Bill Gross had loaded up the boat on the long end of the yield curve, a gamble that obviously meant one thing: He sees no growth or inflation ahead — essentially an economy that’s doomed.

Well….

Now he might get more attention, because he just put that in writing.

Dealbreaker (via ZeroHedge) put up a special letter from Gross to his investors titled, simply Mea Culpa.

Read morePIMCO’s Bill Gross Sends Out Big Apology To Investors, And Then Declares That The Economy Is Doomed

Banks Demolish Foreclosed Properties To Ease Housing-Market Pressures

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Don’t miss:

– The Cure For The Housing Market: Alan Greenspan: ‘Buying The Homes And Destroying Them Or Burning Them Was The Low Cost Option’

Gallery

– Banks turn to demolition of foreclosed properties to ease housing-market pressures (Washington Post, Oct. 13, 2011):

Cleveland — The sight of excavators tearing down vacant buildings has become common in this foreclosure-ravaged city, where the housing crisis hit early and hard. But the story behind the recent wave of demolitions is novel — and cities around the country are taking notice.

A handful of the nation’s largest banks have begun giving away scores of properties that are abandoned or otherwise at risk of languishing indefinitely and further dragging down already depressed neighborhoods.

The banks have even been footing the bill for the demolitions — as much as $7,500 a pop. Four years into the housing crisis, the ongoing expense of upkeep and taxes, along with costly code violations and the price of marketing the properties, has saddled banks with a heavy burden. It often has become cheaper to knock down decaying homes no one wants.

The demolitions in some cases have paved the way for community gardens, church additions and parking lots. Even when the result is an empty lot, it can be one less pockmark. While some widespread demolitions could risk hollowing out the urban core of struggling cities such as Cleveland, advocates say that the homes being targeted are already unsalvageable and that the bulldozers are merely “burying the dead.”

Read moreBanks Demolish Foreclosed Properties To Ease Housing-Market Pressures

115-Year-Old Electric Car Gets Same 40 Miles To The Charge As Highly Praised Chevy Volt

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From the article:

As the New York Times reported September 5, “For General Motors and the Obama administration, the new Chevrolet Volt plug-in hybrid represents the automotive future, the culmination of decades of high-tech research financed partly with federal dollars.”

Flashback (A MUST-SEE!!!):

– Who Killed The Electric Car? (Documentary)

– Man Builds Electric Car for $4750, Costs $7 For Every 300 Miles (Video)

Related info:

– Electric Vehicle Called ‘Schluckspecht’ (‘Boozer’) Sets New 1,013.8 Miles Record On Single Battery Charge

– Green Car Made From Hemp And Powered By An Electric Motor

– EU Rules: Silent Electric Cars Must Make Noise!

– New Nanoscale Material Developed For Electric Cars

– Department of Energy Secretary Steven Chu Throws $1.4 Billion Loan To Nissan Leaf

– World’s first electric car built by Victorian inventor in 1884

… and General Motors CEO Dan Akerson called the Chevy Volt “not a step forward, but a leap forward” ???

Just more BS they want us to believe in!

– 115-year-old electric car gets same 40 miles to the charge as Chevy Volt (Daily Caller, Oct. 14, 2011):

Meet the Roberts electric car. Built in 1896, it gets a solid 40 miles to the charge — exactly the mileage Chevrolet advertises for the Volt, the highly touted $31,645 electric car General Motors CEO Dan Akerson called “not a step forward, but a leap forward.”

The executives at Chevrolet can rest easy for now. Since the Roberts was constructed in an age before Henry Ford’s mass production, the 115-year-old electric car is one of a kind.

But don’t let the car’s advanced age let you think it isn’t tough: Its present-day owner, who prefers not to be named, told The Daily Caller it still runs like a charm, and has even completed the roughly 60-mile London to Brighton Vintage Car Race.

If you didn’t know there are electric cars as old as the Roberts, you aren’t alone. Prior to today’s electric v. gas skirmishes, there was another battle: electric v. gas v. steam. This contest was fought in the market place, and history shows gas gave electric and steam an even more thorough whooping than Coca-Cola gave Moxie.

But while the Roberts electric car clearly lacked GPS, power steering and, yes, air bags, the distance it could achieve on a charge, when compared with its modern equivalent, provides a telling example of the slow pace of the electric car.

Driven by a tiller instead of a wheel, the Roberts car was built seven years before the Wright brothers’ first flight, 12 years before the Ford Model T, 16 years before Chevrolet was founded and 114 years before the first Chevy Volt was delivered to a customer.

As the New York Times reported September 5, “For General Motors and the Obama administration, the new Chevrolet Volt plug-in hybrid represents the automotive future, the culmination of decades of high-tech research financed partly with federal dollars.”

Read more115-Year-Old Electric Car Gets Same 40 Miles To The Charge As Highly Praised Chevy Volt

Geithner: US To Play ‘Very Major Role’ In Helping Europe

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From the article:

“Geithner said the International Monetary Fund (IMF) has “very substantial” resources to fund a device that could look like the Troubled Asset Relief Program,…”

!!! Here is a  different truth directly from the head of the IMF: !!!

– Christine Lagarde: IMF May Need A BAILOUT

Elite puppet Geithner also told you this …

– Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)

… yet:

– Tim Geithner Admits … US Economy Is In ‘An Early Stage’ Of A Crisis

– Underwater Mortgages Could Sink America Without A Trace

– US Poverty Rate Swells To Nearly 1 In 6

– Record Number Americans, Or 46.3 Million, Lived In Poverty Last Year; 49.9 Million Without Health Insurance

– Bank of America Cutting 30,000 Jobs – ‘Welcome to the Recovery’

– ‘Welcome To The Recovery’: The US Jobs Crisis Worsens – Unemployment Report Bleak On All Counts

– ‘Welcome To The Recovery’: California Employment at RECORD LOW

– ‘Welcome To The Recovery’ – Collapse: Dying Detroit Looting Itself – Unemployment Estimated At Up To 50 % – Officials: More People In Poverty Than Cars On The Street – Capital Of Scrap

– Welcome to the Recovery’: Why Another 11 Million Mortgages Will Go Bad

Back to the article:

Illuminati headline: ‘Geithner: US To Play ‘Very Major Role’ In Helping Europe’

Translation: Geithner: US To Play ‘Very Major Role’ In DESTROYING Europe

This is what is really going on:

The greatest financial collapse in world history is coming:

– Gerald Celente On Yahoo! Finance: The REAL Crash Is Coming! (Video – Sep 15, 2011)

– More Than 1 In 3 International Investors Expect GLOBAL ECONOMIC MELTDOWN Within The Next 12 Months – Eurozone Teeters On The Verge Of A ‘Euroquake’ If Greek Default Is Bungled

This is the (intentionally created) ‘Greatest Depression’.

Prepare for collapse (Physical gold & silver, food, water etc.)


Elite puppet Timothy Geithner at the Council on Foreign Relations

– US to Play ‘Very Major Role’ In Helping Europe: Geithner (MSNBC, Oct. 14, 2011):

The U.S. plans on being an active partner as efforts intensify to get Europe get back on its feet financially, Treasury Secretary Timothy Geithner told CNBC Friday.

With global leaders preparing for next month’s Group of 20 nations (G20) summit in Cannes, France, the International Monetary Fund — of which the U.S. is the greatest contributor — is being relied on to help underwrite whatever efforts are needed to backstop toxic European sovereign debt .

Geithner said the International Monetary Fund (IMF) has “very substantial” resources to fund a device that could look like the Troubled Asset Relief Program, which helped navigate American financial institutions through the crisis in 2008 and 2009.

“Through the IMF, of course, we’re already playing a very major role,” he said in a live interview in Paris. “We’re happy to see the IMF continue to play that role in support of a more forceful, comprehensive strategy where Europe’s own resources—very ample resources—are deployed on a much more substantial scale.”

Read moreGeithner: US To Play ‘Very Major Role’ In Helping Europe

VeriChip (RFID Microchip) Order For Israeli Military!

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Flashback:

– CASPIAN RELEASES MICROCHIP CANCER REPORT:

A new paper titled “Microchip-Induced Tumors in Laboratory Rodents and Dogs: A Review of the Literature 1990–2006” has been released…

– PositiveID Corporation Receives VeriChip Order for Use With Israeli Military (MarketWatch, Oct. 11, 2011):

DELRAY BEACH, Fla., Oct 11, 2011 (GlobeNewswire via COMTEX) — PositiveID Corporation (“PositiveID” or “Company”) PSID 0.00% , a developer of medical technologies for diabetes management, clinical diagnostics and bio-threat detection, announced today that it has received an order for its VeriChip(TM) microchip to be used for disaster preparedness and emergency management in Israel by an integration partner.

The VeriChip radio frequency identification (RFID) microchip was cleared by the U.S. Food and Drug Administration in 2004 for patient identification. The VeriChip can also be used to assist in the management of emergency situations and disaster recovery in conjunction with a customized camera capable of receiving both RFID scanned data and GPS data wirelessly, and a Web-enabled database for gathering and storing information and images captured during emergency response operations.

The Company’s integration partner intends to provide the microchips to the Israel Defense Forces (IDF), the State of Israel’s military force.

Read moreVeriChip (RFID Microchip) Order For Israeli Military!

1400 Barter Clubs In Argentina – Barter Clubs Boom, Have Become A Parallel Economy (Video)

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YouTube Added:10.10.2011

Flashback:

– Argentina’s Economic Collapse (Documentary)

Catherine Austin Fitts at the IRTA 08 Barter Convention:

– Former Assistant Secretary of Housing: The U.S. is the Global Leader in Illegal Money Laundering (Video)

Harrisburg Files For Bankruptcy!

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– Harrisburg Files for Bankruptcy on Overdue Incinerator Debt (Bloomberg, Oct. 12, 2011):

Harrisburg, Pennsylvania, which faces a state takeover of its finances, filed for bankruptcy protection after failing to pay the debt on a trash-to-energy incinerator.

The City Council made its 4-3 decision yesterday against the advice of a city attorney who said members did not follow proper procedure. It’s this year’s ninth bankruptcy filing by a municipal-bond issuer and the first by a U.S. state capital in at least three decades, said James Spiotto, a partner at Chapman & Cutler in Chicago who tracks such cases.

“This was a last resort,” said Mark D. Schwartz, the council’s Bryn Mawr, Pennsylvania-based lawyer. “They’re at their wits’ end.”

Harrisburg is the biggest city to file for bankruptcy since Vallejo, California, in 2008, according to a ranking by Municipal Market Advisors, a Concord, Massachusetts, research firm. U.S. municipalities have been battered by the financial crisis. Harrisburg’s filing came less than a month after Alabama’s Jefferson County Commission voted to try to avert what would have been the nation’s biggest municipal bankruptcy, and nine months after Vallejo emerged.

Read moreHarrisburg Files For Bankruptcy!

Credit Suisse Buries European Banks, Sees Deutsche Bank And 65 Other Bank Failing Latest Stress Test, €400 Billion Capital Shortfall

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– Credit Suisse Buries European Banks, Sees Deutsche Bank And 65 Other Bank Failing Latest Stress Test, €400 Billion Capital Shortfall (ZeroHedge,Oct. 13, 2011):

A day after Credit Suisse killed the Chinese bank sector saying that the equity of virtually the entire space may be worthless if NPLs double, as they expect they will to about 10%, the Swiss bank proceeds to kill European banks next. Based on the latest farce out of Europe in the form of the third stress test, which is supposed to restore some confidence, it appears that what it will do is simply accelerate the flight out of everything bank related, but certainly out of anything RBS, Deutsche Bank, BNP, SocGen and Barclays related. To wit: “In our estimation of what could be the “new EBA stress test” there would be 66 failures, with RBS, Deutsche Bank, and BNP needing the most capital – at €19bn, €14bn and €14bn respectively. Among the banks with the highest capital shortfalls, SocGen and Barclays would need roughly €13bn with Unicredit and Commerzbank respectively at €12bn and €11bn. In the figure below we present the stated results. We note RBS appears to be the most vulnerable although the company has said that the methodology, especially the calculation of trading income, is especially harsh for them, negatively impacting the results by c.80bps.” Oops. Perhaps it is not too late for the EBA to back out of this latest process and say they were only kidding. And it gets even worse: “We present in this section an overview of the analysis which we published in our report ‘The lost decade’ – 15-Sep 2011. One of our conclusions was that the overall European banking sector is facing a €400bn capital shortfall which compares to a current market cap of €541bn.” Said otherwise, we can now see why the FT reported yesterday that banks will be forced to go ahead and proceed with asset firesales: the mere thought of European banks raising new cash amounting to 75% of the entire industry’s market cap, is beyond ridiculous. So good luck with those sales: just remember – he who sells first, sells best.

And the scary charts:

1. Capital Shortfalls under Stress Test part Trois (9% min. CET1 ratio)

The Cure For The Housing Market: Alan Greenspan: ‘Buying The Homes And Destroying Them Or Burning Them Was The Low Cost Option’

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And don’t forget to ask Greenspan for his solution regarding social security, medicare, medicaid and unemployment …

… or even overpopulation.

Remember that Alan Greenspan is THE ONE who created this mess in the first place.

Peter Schiff on Alan Greenspan:

‘Alan Greenspan is not just the worst Fed chairman we’ve ever had, I think he’s the worst American we’ve ever had.’

‘Alan Greenspan is a TRAITOR to everything America stands for.’


YouTube

Now listen to the TRAITOR…

– The Key to Fixing the Housing Market? (CNBC, Oct. 7, 2011):

Transcript:

buying homes and destroying them or burning them was the low cost option. i could demonstrate that at the time i made that statement of all of the alternatives that were available, had the united states government taken all of those units off the market, and really prevented prices from falling as sharply as they did, the net effect would have been far less own russ than what we have run into. so, yes, that particular strategy in retrospect, especially, turns out to have been the low cost strategy. does that mean it is viable politically? absolutely not.

Read moreThe Cure For The Housing Market: Alan Greenspan: ‘Buying The Homes And Destroying Them Or Burning Them Was The Low Cost Option’

Billionaires Exempt From Green Tax On Private Jets

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You can’t make this stuff up!

– Billionaires to be given free carbon allowances to offset green tax on private jets (Telegraph, Oct. 11, 2011):

Corporate jets used by billionaires the Duke of Westminster and Lord Ashcroft are among the aircraft to be allocated free “carbon allowances” to offset the cost of a new green tax.

Almost 200 corporate jet owners, from oil company ExxonMobil to Starbucks and Iceland Foods, will be awarded free permits to compensate them for the new expense of Europe’s carbon trading scheme for aircraft.

Read moreBillionaires Exempt From Green Tax On Private Jets

Presidential Candidate Herman Cain: ‘There’s No Reason To Audit The Federal Reserve’

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Flashback.

See also:

– Presidential Candidate Rick Perry Open To Send US Military To Kill Drug Cartels IN MEXICO

Compare all those elite puppets to Ron Paul:

–  Ron Paul: Obama Impeachment A Possibility (Politico)

– Ron Paul 2012: The Only One We Can Trust (Video):

YouTube Added: 04.01.2011

Herman Cain, former Chairman and Member of the Board of Directors for the Federal Reserve Bank of Kansas City, flippantly denies the need to Audit the Federal Reserve while hosting the Neil Boortz Radio Show on 12/29/10.

And Now … AIG To Offer ‘REPUTATION INSURANCE’

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ROFL!

– A.I.G. Is Now Worried About Bad P.R. — for Policyholders (New York Times, Oct. 11, 2011):

Insurance providers are constantly coming up with new products to sell to policyholders. But the American International Group has hit upon one of the more unusual new services we’ve heard of in some time: reputation insurance.

Chartis, A.I.G.’s property and casualty insurance arm, said Tuesday that it would begin selling something called ReputationGuard. Created by Chartis’s executive liability team, it would give policyholders access to “a select panel” of experts at the public relations firms Burson-Marsteller and Porter Novelli to protect against negative publicity.

Read moreAnd Now … AIG To Offer ‘REPUTATION INSURANCE’

More Than 6 Million Americans To Lose Unemployment Benefits In 2012

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– Millions could lose unemployment benefits in 2012 (CNN Money, Oct. 11, 2011):

Millions of unemployed Americans are waiting for Congress to do something other than trade barbs over their job creation plans.

If lawmakers don’t act soon, the jobless see their unemployment checks start to disappear come January.

More than 6 million Americans are set to lose federal unemployment benefits in 2012, with 1.8 million running out in January alone, according to new figures from the National Employment Law Project.

Read moreMore Than 6 Million Americans To Lose Unemployment Benefits In 2012

German Push For A ‘Hard’ Greek Default Risks EMU-Wide ‘Snowball’

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See also:

– IMF Advisor Robert Shapiro: Could See Eurozone ‘MELTDOWN’ in 2 Or 3 Weeks, Crisis ‘More Serious Than The Crisis In 2008?

– Germany ‘Won’t Give More To EU Bailout Fund’ – Finance Minister Wolfgang Schäuble Rules Out Larger German EFSF Contribution

– Germany Must Hit The Eject Button (Stratfor)

– Former White House Advisor & UBS Global Strategy Deputy Head And CFR Member: The Germans Announce They Are Re-Introducing The Deutschmark – They Have Already Ordered The New Currency And Asked That The Printers Hurry Up

– British Foreign Secretary William Hague Condemns Crumbling Euro As A ‘Historical Monument To Collective Folly’, Says Euro Is A ‘Burning Building With No Exits’ Claim Is Correct

– The Dangerous Subversion Of Germany’s Democracy (Telegraph) – Wolfgang Schäuble’s Lies Exposed


Bilderberg German Chancellor Angela Merkel and Bilderberg Greek Prime Minister George Papandreou. Officials in Berlin told The Telegraph it is ‘more likely than not’ that investors will suffer fresh losses on holdings of Greek debt Photo: AFP

– German push for Greek default risks EMU-wide ‘snowball’ (Telegraph, Oct. 10, 2011):

Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first.

Officials in Berlin told The Telegraph it is “more likely than not” that investors will suffer fresh losses on holdings of Greek debt, beyond the 21pc haircut agreed in July.

Read moreGerman Push For A ‘Hard’ Greek Default Risks EMU-Wide ‘Snowball’

Private Pensions Worth 30% Less Than Three Years Ago

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Quantitative easing =  printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!

For more information see this:

– Bank of England Governor Mervyn King: World Facing Worst Financial Crisis In History – More QE Justified!

– Private pensions worth 30% less than three years ago (Guardian, Oct. 8, 2011):

Stock market turmoil and record low interest rates have left workers nearing retirement with private pensions worth substantially less than those who finished work three years ago, new figures show.

Overall pension incomes are now 30% lower than they were three years ago when the government began attempts to boost the economy through quantitative easing, according to accountants PricewaterhouseCoopers.

Peter McDonald, a partner in the pension practice at PwC, warned that those retiring this year would be left “between a rock and a hard place”, forced to defer claiming a pension until the market picks up.

“Compared to only three years ago, a money purchase pension is now worth 30% less than it was,” he told the Telegraph.

With stock market turmoil set to continue and this week’s resumption of the Bank of England’s quantitative easing programme, injecting another £75bn of new money into the economy, annuity payouts are set to shrink further.

Read morePrivate Pensions Worth 30% Less Than Three Years Ago

‘Anonymous’: We The People Of The Constitutional Republic

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Flashback (Aaron Russo):

– America: Freedom to Fascism – Director’s Authorized Version

See also:

– Hacker Group ‘Anonymous’ Announces It Will ‘Erase’ The NYSE ‘From The Internet’ On 10/10/2011 (Video)


YouTube Added: 04.10.2011

We often hear the claim that our nation is a democracy. That wasn’t the vision of the founders. They saw democracy as another form of tyranny. If we’ve become a democracy, I guarantee you that the founders would be deeply disappointed by our betrayal of their vision. The founders intended, and laid out the ground rules, for our nation to be a republic. The word “democracy” appears nowhere in the Declaration of Independence or the Constitution — two most fundamental documents of our nation. Instead of a democracy, the Constitution’s Article IV, Section 4, guarantees “to every State in this Union a Republican Form of Government.”

Read more‘Anonymous’: We The People Of The Constitutional Republic

Timothy Geithner: EU Crisis Puts World Economy At Risk

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Timothy Geithner at the Council on Foreign Relations

– EU crisis puts economy at risk, warns Geithner (Independent, Oct. 7, 2011):

A downward spiral of weakening confidence and faltering economic growth in the eurozone could bring the rest of the global economy down with it, the US Treasury Secretary warned last night.

In another nudge to European countries to act decisively to resolve their sovereign debt problems, Tim Geithner said that the direct exposure of US banks to the eurozone was limited but that the country could not escape the wider consequences of Europe’s economic and financial difficulties.

“The European financial crisis has placed significant pressure on its financial institutions and slowed growth significantly in Europe and around the world,” he told a session of the Senate Banking Committee, which was holding a hearing on financial stability.

Read moreTimothy Geithner: EU Crisis Puts World Economy At Risk