GOOD NEWS ON USA'S ECONOMY

The problems of the economy in the USA, and elsewhere, are easy to solve.

Think of France facing bankruptcy in 1789.

The problems of France in 1789 would have been solved if the rich had paid their fair share of taxes.

In 1789 France was the largest, wealthiest, and most powerful state in Western Europe.

Today, the top 600,000 people in the world control 85% of the world’s wealth.

Between 2002 and 2007, 65% of all income growth in the United States went to the top 1% of the population.

The rich can afford to pay more tax, and still go shopping in the malls.

Of course, France would not have got into a mess in 1789 if it had avoided stupid foreign wars.

There is a lack of demand for products, because the rich have grabbed most of the wealth.

http://retank.blogspot.com/ alerted us to the fact that: Well-To-Do Americans Are Getting More Benefits Than The Poor

1. Poor Americans get Federal welfare checks, food stamps, and unemployment benefits.

The cost of these is LESS than the $1-trillion in tax breaks awarded annually to middle- and upper-class Americans.

2. Professor Suzanne Mettler, in The Washington Monthly, points out that tax break for the rich add to the deficit.

She writes that "the most expensive of these subsidies shower their largest benefits on the most affluent Americans...

"Beneath the surface of American government lurks a system of social programs for the wealthy that is consuming the federal budget."

3. Tax breaks represented 7.4% of GDP in 2008, up from 4.2% in 1976.

Social Security amounted to 4.3% of GDP in 2008; Medicare and Medicaid, 4.1%.

4. Vested interests profit from the tax break policies.

These vested interests include the real estate, health care industries and the nonprofit foundations.

Real estate sector giving to political campaigns rose from $43 million in 1992 to $138 million in 2008.

~~

aangirfan: THE GLOBAL ELITE AND THE SUPPRESSION OF DISSENT

EGYPT RIOTS GOOD FOR USA

The economic hitmen have hit Egypt?

Egypt's crisis is good news for the stock markets of the USA and EU (Investors pull $7bn from emerging funds)

Money is pouring out of Egypt, and out of countries like India, and into the USA, Europe and Japan.

Emerging markets attracted $95bn in 2010.

Egypt has changed things.

According to Cameron Brandt, a global markets analyst:

"Since the fourth quarter, the perception of where the value lies in the equity markets has shifted pretty decisively toward the developed markets.

"If you were thinking of making the switch, Egypt gave you a nudge."

In 2011, India equities are down 11%.

(Could this be linked to the BOMBAY ATTACKS?)

Many investors are switching their money to the US, Europe and Japan, in order to avoid riots and bombs.


Cairo by Marwa Morgan

Naguib Sawiris, the chairman of Egypt's Orascom Telecom, told the Financial Times (Business calls for unity alliance) that the protesters "are losing support in the street: many people are against their demand of President Mubarak to leave.

"They worry about stability and people want to go back to their business.

"Already people are short of food and money (and) businesses are going bust."

He estimates that the unrest could wipe 10 per cent off Egypt's gross domestic product.

At the beginning of 2011, the economy was expected to grow by about 6 per cent.

On Sunday Egypt's banks are set to reopen their doors

"Many analysts say that foreign capital could pour out of the country once the banking system reopens, but concerns over domestic bank runs have also been mounting as Egypt’s political upheaval continues."





The Aljazeera, Palestine and Israeli Deception




WINNERS AND LOSERS IN EGYPT

~~

THE CIA AND THE FINANCIAL CRISIS

"The CIA has its own financial institutions on Wall Street... Links to U.S. intelligence, the CIA, Homeland Security and the Pentagon are crucial in the conduct of speculative trade."

How to explain the financial crisis?

The rich are getting richer and the poor are getting poorer.

Financial manipulation, linked to the CIA, is at work.

The Mafia-Fascists are in power.

WHO is behind the Financial Meltdown on Wall Street?

The book Financial Meltdown on Wall Street, by Professor Michel Chossudovsky, helps explain the crisis.

Among the points made:

1. The crisis is deepening.

2. Obama's policy is leading to the further "concentration and centralization of financial wealth."

This undermines the real economy.

3. "Starting in the 1980s during the Reagan-Thatcher era, local and regional level enterprises, family farms and small businesses were displaced and destroyed."

4. Thanks to the merger and acquisition boom of the 1990s, certain big global businesses have got bigger.

Olga Farmaki (Website for this image)

5. There are bankruptcies in all major sectors, from shopping malls to tourism.

6. The financial giants - "through stock market manipulation as well as through their overriding control over credit - can undermine and destroy large and well established business corporations."

7. In September 2008 we had the Black Monday collapse of Wall Street.

"Did this paper money 'vanish into thin air' as claimed by financial analysts, or was it 'appropriated' by institutional speculators in one of the largest transfers of money wealth in American history?"

The speculators made billions when the market rebounded.

The Wall Street banks "are the recipients of the bank bailout. And at the same time they made money speculating first on the rejection by the U.S. Congress and subsequently on the later adoption of the bank bailout legislation."

Tiara Lestari's For Women Only

8. "This short-lived 'recovery' was part of the speculative game.

"The sequence of a 'one day collapse' followed by a 'one day surge' and recovery, followed by another 'one day collapse' a few days later, is part of the process of financial manipulation.

"Day to day instability and swings in stock market values are the source of large windfall profits accruing to 'institutional speculators' and hedge funds."

9. The September-October 2008 financial meltdown "was the result of a complex process of financial manipulation."

"Inside information, high level political connections and foreknowledge of key policy announcements are crucial instruments in the conduct of large-scale speculative operations."

"The CIA has its own financial institutions on Wall Street."

" Companies can be divested from within and large amounts of money can be moved out at an opportune moment, prior to the company’s demise on the stock market (e.g. Lehman, Merrill Lynch and AIG, not to mention Bernhard Madoff)."

The 2008 financial meltdown "is characterized by financial warfare between competing institutional speculators."

"The Federal Reserve Bank of New York and its powerful Wall Street stakeholders – which are Wall Street’s largest private banks – have inside information on the conduct of U.S. monetary policy."

"Links to U.S. intelligence, the CIA, Homeland Security and the Pentagon are crucial in the conduct of speculative trade."

"An example: they purchased 'put options' on airline stocks in the days preceding the 9/11 attacks."

On 26 November 2010, a UN think tank reported that, in the last 30 to 40 years (AFP) :

"The number of very poor countries has doubled...

"The number of people living in extreme poverty has grown two-fold."

~

EMILIO MASSERA - ONE OF THE SECRET RULERS OF THE WORLD.

MANSUR OF THE CIA?

BIG INFLATION FOLLOWED BY BIG DEFLATION?

Website for this image



Are we to expect big inflation followed by big deflation?



What's been happening:



1. More and more of the world's wealth has been ending up in the pockets of a small elite.



Lots of people cannot afford to buy anything other than essentials.

Lots of people are in debt and can't borrow any more.

According to The Economist, "People can’t or won’t borrow because the value of their ... houses ...has fallen.

"Banks are less able to lend because their capital has been depleted by bad loans." (America looks likely to avoid a second recession. But with households overburdened by debt, slow growth lies ahead)

2. Too many large corporations have moved their factories to 'slave labour' countries.



3. The USA's military industrial complex has been using up too much of the world's wealth.

4. In some parts of the world there is a lack of sustainable development.

We humans are 'using one and a half planets' worth of resources and will need two Earths by 2030' (Humans 'using one and a half planets' worth of resources.)

The USA is one of the worst countries for over-consumption of resources.



5. Fraud and manipulation by a section of the elite has caused a financial crisis.



Some 31% of adults polled in Europe blame Jews in the financial industry for the economic meltdown. (Poll: 31% of Europeans blame Jews for global financial crisis ...)



At The Sunday Telegraph, 16 October 2010, Liam Halligan stated that China is not the villain if the West tries to debase its debt through printing money -QE

According to Liam Halligan:



1. Countries such as the USA are debasing their currencies so as to lower the real value of the massive debts they owe the rest of the world.



2. America's policy of printing more money could actually make things worse.

Printing more money could drive up the price of oil and other commodities.

There could be serious damage for importers of such key economic inputs.



3. International investors are starting to park their wealth in assets "that governments can't print more of".

4. China makes a lot of goods the world wants.

US exports in many sectors have become uncompetitive.

The causes of economic crises can be complex.

On 14 May and 15 May 1997, the Thai baht was hit by massive speculative attacks.

The baht devalued swiftly and lost more than half of its value. The Thai stock market dropped 75%.

Thai opposition parties claimed that former Prime Minister Thaksin Shinawatra had profited from the devaluation,[20] Former Thaksin cabinet member Sanoh that "There were four people who got involved in the Baht depreciation, i.e. Chavalit, Thaksin, Thanong and Pokin." [21]

Former Malaysian Prime Minister Mahathir Mohamad accused George Soros of ruining Malaysia's economy with "massive currency speculation." (1997 Asian Financial Crisis - Wikipedia)







At Global Research, 17 October 2010, Bob Chapman wrote about Hyperinflation and Global Deflationary Depression



According to Bob Chapman:



1. In the USA, real inflation is 7% and unemployment is 22%.



2. The US central bank, theFed, for three years has concentrated on bailing out the firms that own the privately owned Fed.



3. No matter what the Fed does a deflationary collapse is inevitable.



4. Currencies have fallen versus gold for the past 9 years.



5. In all likelihood we will have inflation, then hyperinflation and then deflationary depression.







6. Wages and and asset prices have been falling with inflation rising.



That is a disastrous situation for Americans, except the 2% to 3%, who have had sense enough to invest in gold, silver and shares.



7. The elitists will be deprived of issuing any currency that is not backed by gold.



Inflation is on the way in much higher numbers to be followed by hyperinflation and ultimately deflationary depression.



8. When banks and foreign holders all try to exit US Treasuries at once – the bubble will break.

9. Where will all the money go?



The first haven has been commodities.



That will push prices up and add to price inflation.



This is in process, especially in gold and silver prices.



There will be a flight to quality, into real things.

(Those who choose to use ETFs will be jumping from the frying pan into the fire. - Criticism)



10. Bonds and the market will be falling along with the dollar and real estate.



There will be hyperinflation.



11. This is why a world meeting is necessary.



Without such a meeting to realign currencies and to multilaterally default on debt there will be international financial and economic chaos.



It would also lead to worldwide hyperinflation.



12. America will wake up one morning to Martial law.



You had best prepare. First for higher inflation, then hyperinflation and than deflationary depression. If you do not prepare you will be very unhappy.

Soros has branded gold 'the ultimate bubble' according to This is Money

BUT, George Soros, the same guy who described gold as “the ultimate asset bubble“ doubled the holdings of SPDR Gold Trust in his hedge fund in the fourth quarter of last year.

Soros loaded up on gold in the 4th qtr — Mises Economics Blog

BUT, Remember 1980: all that glisters is not gold

EXPECT INFLATION?

Website for this image

On 10 September 2010, the White House press conference noticed that U.S. President Barack Obama was not wearing his wedding ring.

Don't panic. It is being repaired. (dailymail.T)

On 10 September 2010, US government bond prices fell in New York. (Obama shakes up top team as economy falters )

US economic growth "showed widespread signs of deceleration" in the six weeks to the end of August 2010. (US economic growth 'decelerating' )

Many of the big banks are still in trouble?

Imagine an American family borrowed $450,000 from a bank to buy a house costing $500,000.

The house is now worth US$200,000.

The bank has a problem.

Western countries may be about to experience a long hyperinflationary depression.

"The improvement in living standards that the average American and many other Western countries have enjoyed in the last 40 odd years is primarily based on debt – debt that can never be and will never be repaid with normal money." (THERE WILL BE NO DOUBLE DIP )

Andrew Roberts, credit chief at Royal Bank of Scotland, believes the USA is going to print a vast amount of extra dollars.

"We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy," he said in a note to investors. (RBS tells clients to prepare for 'monster' money-printing by the ... )

Matthias Chang, at Global Research, 31 August 2010, warns that Global Banks Will Collapse Between Now and First Quarter 2011

According to Mr Chang:

1) Big global banks had vast toxic assets, supposed to be worth trillions, but in fact worth peanuts.

2) The collapse of Lehman Bros and AIG exposed this truth.

Big global banks were INSOLVENT.

3) The US FED, the US central bank led by Bernanke, helped the global banks to start unloading the toxic assets.

4) The FED created “money out of thin air” and used that “money” to buy the toxic assets at face or book value from the banks.

Now, the FED is “loaded” with toxic assets once owned by the global banks.

5) But, the global banks are not flushed with cash. Where did their money go?

6) It went back to the FED as reserves.

7) And, the global banks still have US$ trillions worth of toxic wastes in their balance sheets.

8) Bernanke, the US Treasury and the global central bankers were all praying that given time (their estimation was 12 to 18 months) the housing market would recover and asset prices would resume to the levels before the crisis.

9) But, the FED will have to print at least another US$20 trillion at the minimum, to get the economy 'moving' faster.

This will cause the dollar to decline in value.

This could cause panic among the people who have lent money to the USA - sovereign creditors, investors and depositors.

10) The Too Big To Fail Banks cannot be rescued and must be allowed to be liquidated.

The FED and other central banks will pre-empt a run on banks and will do the following:

1) Disallow cash withdrawals from banks beyond a certain amount, say US$1,000 per day;

2) Disallow cash transactions up to a certain amount, say US$10,000 for certain transactions;

3) Transactions (investments) for metals (gold and silver) will be restricted;

4) Worst-case scenario – the confiscation of gold AS HAPPENED IN WORLD WAR II.

5) Imposition of capital controls etc.;

6) Legislations that will compel most daily commercial transactions to be conducted through Debit and or Credit Cards;

Solution:

Maintain a bank balance sufficient to enable you to comply with the above.

Start diversifying your assets away from dollar assets.

Have some foreign currencies.


~~

TAX CUTS AND DEREGULATION

In the USA the Republicans still think that tax cuts for the rich and deregulation will solve America's economic problems. (Republicans Plot Tax Cuts And Deregulation For 2011 ...)

In the 1960s and 1970s:

There was widespread regulation of the economy and there were high taxes for the rich.

The world economy grew at about 3%, in per capita terms, each year.

From the 1980s onwards:

There was less regulation of the economy and there were lower taxes on the rich.

The world economy grew at about 1.5%, in per capita terms, each year.

On 30 August 2010, Cambridge University's Ha-Joon Chang (We lost sight of fairness in the false promise of wealth) relates:

"After three decades of deregulation and tax cuts for the rich, growth has slowed down, rather than accelerated, in almost all countries...

"In Britain, average annual per capita income growth rate was 2.4% in the 60s and the 70s, when the country was allegedly suffering from the 'British disease'; but it fell to 1.7% during 1990 to 2009, after it is supposed to have been cured of the disease thanks to Margaret Thatcher's heroic struggle in the 1980s."

The liberalisation of trade has meant "destroying swaths of 'infant' industries.

Deregulation has meant bosses, who pay themselves millions, looking for short-term profits.

To get short term profits you cut long-term investments in such things as machinery and research and development.

"It cannot be blithely assumed that markets know how to maximise wealth."
Margaret Thatcher destroyed industries. In 2009, Britain accounted for 2.6 per cent of world manufacturing output. In 1980, the share was nearly 6 per cent. (FT.com / global producers) Margaret Thatcher had a Cabinet which included five Jews: Lord Young, Malcolm Rifkind, Leon Brittan, Nigel Lawson and Keith Joseph.(Margaret Thatcher's Jewish links)

What about Ronald Reagan and the US economy?

According to John Miller, teacher of economics at Wheaton College (Ronald Reagan's Legacy):

"The economy grew much more slowly in the 1980s than during the 1960s, more slowly than the postwar average of 3.6% annual growth, and no faster than in the 1970s or the 1990s.

"Nor did Reagan administration regulatory rollbacks unleash a productivity boom.

"Productivity gains in the 1980s failed to match those in the decades before and after, and couldn't hold a candle to the productivity gains of the 1960s boom...

" Reagan administration economic policies did not result in a 1960s-style prosperity, when workers' real wages went up in tandem with the value of stock holdings-just the opposite.

"Since 1980, the gains from U.S. economic growth have gone overwhelmingly to the well-to-do, and economic inequality has steadily worsened."

30 Statistics That Prove The Elite Are Getting Richer, The Poor Are Getting Poorer And The Middle Class Is Being Destroyed

~~

'VENAL' PEOPLE IN IRELAND

Sean FitzPatrick was boss of the Anglo Irish Bank. He resigned in December 2008 when details of secret loans he had taken out with the bank were revealed. Fitzpatrick's loans totaling 155m from Anglo Irish have not yet been repaid, although he has retired on a pension of over 4 million a year.

In the 1990s, Ireland modernised its education and infrastructure.

It developed low-tax, business-friendly policies.

Overseas Irish began to return to Ireland.

Ireland became successful in exporting food, IT services and software, pharmaceuticals and medical equipment.

Ireland became one of Europe's wealthiest countries, overtaking the UK.

In spite of the property and banking crisis, Ireland’s modern economy is holding up well.

But, the bankers and their pals have caused giant problems.

In Ireland, vast sums of money went into property speculation.

Ireland now suffers from:

tax rises

pay cuts

pension cuts

and public spending cuts.

On 15 May 2010, in The Financial Times (Toxic town ) we read:

"Encouraged by venal politicians who actively discouraged regulation... Irish banks went on a reckless lending spree.

"They lent, above all, to property developers...

"Every Irish citizen got saddled with many thousands of euros in debts..."

~~

ITALY AND OTHER COUNTRIES WITH TROUBLED ECONOMIES

.

Is Italy's economy in trouble?

The economies of Portugal, Spain and Ireland are said to be at risk.

And the UK may have to go to the IMF.



Financial historian Professor Niall Ferguson, in the Spectator magazine, argues that a new Conservative government should immediately call in the International Monetary Fund.

He said: 'There is a very real danger that (things) could now spiral, Greek-style, out of all control if foreign confidence in sterling slumps and long-term interest rates rise.' (dailymail.u)

The UK budget deficit is 'to surpass Greece's as the worst in EU'


But what about Italy, the world's seventh-largest economy and more than six times bigger than Greece? (Italy: Much to play for‎)

"No one has the means to bail out such a large country," says Natacha Valla of Goldman Sachs.


According to an article in the Financial Times (Italy: Much to play for‎ 5 May 2010):

1. Italy's public debt is forecast to rise from 115 % of gross domestic product in 2009 to about 118 % by the end of 2010, second in Europe only to that of Greece.

2. Italy has an inefficient public sector.

3. Italy has widespread corruption.


4. In Italy in 2009, it took 22,000 Fiat car workers to make 650,000 vehicles.

In Brazil, it took 9,400 Fiat car workers to make 730,000 vehicles.

5. Italy's GDP fell 5.1 per cent in 2009.

6. On the other hand, Italians have a relatively low level of household debt.

Italy's banks have been more careful than UK banks.

Italy has avoided a housing bubble on the scale of Spain and Ireland.

7. What could go wrong?

Massimiliano Marcellino, of the European University Institute in Florence, has said that if the deficit deteriorates, interest rates increase and growth remains subdued, "default could quickly become a less remote option."

Franklin Allen, of The Wharton School of the University of Pennsylvania, suggests that if interest rates rise, Italy will struggle to pay the interest on its debt.

According to Allen, "This means they may well start down the Greek route. This is why, if Greece does default, I think there is a significant possibility of contagion to Italy."

8. On the other hand, Italy's GDP figures do not reflect the money made by businesses registered abroad for tax reasons.

In Europe, Italy has a manufacturing base second only to Germany's.

And, Italy's grey economy is equal to as much as 30 per cent of GDP.

9. The Berlusconi government is considering greater federalism.

This means making the regions more accountable for their budgets.



sovereign debt markets: fire in the house

uk and japan may default on debt, gold at 3000$

aangirfan: BLAIR; BERLUSCONI; MAFIA; CIA

aangirfan: US NUKES IN HOLLAND, ITALY, GERMANY....

Greece crisis: pension pledges lie at heart of investor fears‎

Europe's Problems Come Knockin' on America's Door

GREECE, THE UK AND THE WORLD - WHAT TO EXPECT?

Expect greater poverty? The UK economics minister Alistair Darling has said that the Labour party's planned cuts in public spending will be "deeper and tougher" than Margaret Thatcher's in the 1980s.

The government in Greece is socialist.

It plans (Huge Greece bail-out deal agreed) to do the following:

1. Ban increases in public sector pay and pensions for at least three years.

2. Increase VAT to 23%

3. Increase taxes on fuel, alcohol and tobacco by 10%

4. Cut civil servant's income. (Factbox: Details of Greek austerity deal with EU/IMF‎)

5. Increase the retirement age.

6. Cut pensions.

"It is overtly a rescue of Greece, but covertly a bail-out of banks." (FT.com / Columnists / Martin Wolf - A bail-out for Greece is just the beginning.)

According to estimates by The Economist, foreign banks’ exposure to Greece, Portugal and Spain combined comes to €1.2 trillion. (Greece's sovereign-debt crisis: Still in a spin The Economist)




Meanwhile, there are "persistent fears about reforms to the US financial sector." (Greece doubts fuel nerves over sovereign debts )

And, the U.K. government's budget deficit as a share of gross domestic product could reach 12 percent in 2010, about the same as Greece's deficit. (Debt crisis: Greece freezes pensions, cuts salaries and adds taxes ...)

In the UK a vote for Labour, or the Conservatives, or the Liberal Democrats will mean Greek-style cuts.

The UK's Institute for Fiscal Studies says tax rises and Whitehall spending cuts of 25% are in prospect during a six-year squeeze lasting until 2017. (Alistair Darling: we will cut deeper than Margaret Thatcher ... )

The UK Government has been told to cut Trident before the budget (SNP).

A UK Cabinet Office 'transition team', under the direction of Sir Gus O’Donnell, the head of the civil service, "has been 'war gaming' various scenarios - from pacts to coalitions to loose arrangements in parliament." (Will David Cameron be left hanging? )

As Labour and the Conservatives have virtually the same policies on war and terror, one possibility is a Labour-Conservative alliance.

This alliance would have a big majority and could bring in savage cuts.

Expect vote fraud in the UK to be used against the anti-war parties. (General Election 2010: Postal vote fraud amid fears bogus voters ...)

Anti-sleaze campaigner Martin Bell is quoted in The Mail as saying: 'There is actually a possibility that the result of the election could be decided by electoral fraud. That’s pretty grim.

'We are facing a situation where we can no longer trust the integrity of our electoral system.

'It was a huge mistake to extend the postal vote. It opened up our system to all kinds of frauds.'

http://www.snptacticalvoting.com/

ENRON ECONOMIES

There are successful economies.

And there are 'Enron economies'.

Singapore's economy grew by 32% in the first three months of 2010. (Singapore's GDP soars 32 percent in first quarter - BusinessWeek)

Schumpeter, in The Economist, reports that Mexico's CEMEX is now the largest cement company in America.

Acer of Taiwan is hoping soon to become the world’s second-biggest manufacturer of personal computers.

Brazil's Aracruz is now the world’s largest and most profitable producer of pulp for paper and tissues.

Russia's Gazprom now controls more gas reserves than all the West's big oil firms combined.

South Korea's Samsung is one of the world’s best known makers of electronic goods.

Mexico's Grupo Modelo produces one of the most recognised brands of beer in the world, Corona.

According to The Economist (April 2010), Germany's houses are undervalued by 14%.

North Africa is one of the areas where the economy has problems - FT.com / Global woes spread to north Africa

Who's got problems?

Australia's house prices are overvalued by 56%.

The Greek economy may need $200bn to survive (Greece may need €150bn rescue, analyst warns )

Standard & Poor's Ratings Services has cut Portugal's credit rating and downgraded Greece's debt to "junk" territory. (Crisis Spreads in Europe )

In the USA, Obama presumably will have to increase taxes and reduce spending in order to cut the giant deficit. (Bernanke Says US Needs Budget Deficit-Cutting Plan Soon‎ / Obama suggests value-added tax may be an option - Yahoo! News)

Money doesn't buy happiness.

In the UK, there will be brutal choices over the deficit.

According to the Financial Times: the next UK government will have to:

1. Cut funding to Scotland and Wales by 10 per cent.

2. Cut public sector pay by 5%.

3. Freeze benefits.

4. Slash jobs.

5. Abolish a range of welfare entitlements.

Means test child benefits.

Abolish winter fuel payments and free television licences.

6. Axe programmes such as school building and road maintenance.

Cut prison numbers by a quarter.

Axe the two planned aircraft carriers.

Withdraw free bus passes for pensioners.

Delay Crossrail for three years.

Half spending on teaching assistants and NHS dentistry.

"or make a set of equally politically perilous choices."

The UK spending cuts are to be the deepest since 1970s, the think tank IFS says

DON'T BE CONNED BY THE MAFIA FASCISTS WITH DODGY SEX LIVES

In 2009, up to 120 people, including civilians, were reported killed in a series of US airstrikes on two villages in Afghanistan (www.timesonline.co.uk/.../article6237189.ece)

Obama promised change?

On 12 April 2010, in Afghanistan, American troops raked a large passenger bus with gunfire, killing and wounding civilians. (Deadly US attack on Afghan bus sparks outrage )

Politics can be about conning people.

In the USA, you have certain Republicans and Democrats presenting themselves as clean living Christians who just want to help the ordinary folks all the way from Oregon to Maine.

They do not admit to being a bunch of mafia-fascists with dodgy sex lives.

Gordon Brown, of the Labour Party, supported the war in Iraq

There is a growing gap between the small rich elite and the rest of us.

Bart Becht, the boss of Reckitt , which makes Nurofen, earned £92m last year.

Let's not be conned.

The US and UK governments have accumulated big debts and the ordinary folks are going to suffer.

A Bank of International Settlements report (world is bankrupt: western society's last days) shows that "Britain faces the highest structural deficit in the OECD club of rich states, with a mounting risk that public debt will explode out of control.

"Interest payments on the UK's public debt will double from 5pc of GDP to 10pc within a decade under the bank's 'baseline scenario' before spiralling upwards to 27pc by 2040, the highest in the industrial world."

In the UK, there are plenty of reasons why 13 years of Labour rule is just too much

The UK government now has a higher budget deficit than Greece.

The average UK family now pays 10% more tax than it did in 1997.

In England, council tax has risen by more than 105%.

(In Scotland the Scottish National Party has frozen council tax.)

Pensions have been hit by more than £100 billion.


Labour is planning "deeper and tougher" cuts than under Margaret Thatcher.

The UK gold reserves were sold at an extremely low price.

The money given to the National Health System has gone mainly to useless bureaucrats.

The UK's ability to control its own laws has been greatly limited by the signing of the Lisbon treaty.

Lies were told to take the UK into wars.


The anti-war Scottish National Party (SNP) does not try to con people.

The SNP warns that Gordon Brown's Labour party plans £30 billion of cuts for Scotland over the next 15 years.

And the Conservative Party is planning similar cuts in Scotland.

A group of top academics has worked out that if Scotland's parliament gets economic powers, Scotland will become much richer. (More tax powers could boost growth says Reform Scotland)

Conservative Party
Liberal Democrats
New Labour Party

The leader visits Kirkcaldy?

ElaineS left the following comment on the post "CONNING THE MIDDLE-INCOME PEOPLE"

"People in Scotland will vote for Labour.

"you spout bullshit regards Gordon Brown and Labour...

"Gordon Brown ... is one of the nocest men ever, he is from my hometown and the people in my part of Scotland love him.

"You know nothign about him...

"Gordon is a man of principal..."

~~

RICH GUYS RIPPING PEOPLE OFF?

Imagine you earn $10 an hour and your boss earns $3190 dollars an hour.

The Institute for Policy Studies estimates that in 2008 top US executives earned 319 times more than average US workers. (FT.com / To avoid a backlash, executives must cut pay.)

A UK government minister told the Times that Bob Diamond, of Barclay's Bank, had taken £63m in salary, which could not be "justified", and that the 58-year-old American had made the money by "deal-making and shuffling paper around". (Bank documents back business secretary's attack on Bob Diamond)

One could say that certain big companies make their money by ripping off customers.

At Kraft Foods, chief executive Irene Rosenfeld was awarded a 41 per cent pay increase to $26.3m partly on the basis of her performance in acquiring Cadbury. (FT.com /To avoid a backlash, executives must act on pay.)

Millions of visas allowing foreigners to enter Britain are being issued by an American company, Computer Sciences Corporation, run by Michael W. Laphen, a former National Security Adviser to President George W. Bush.

Laphen's total annual 'compensation' package is worth more than £5million. (Revealed: US firm issues British visas... and MPs were not told ...)

What the media is not telling us is that many of the most highly paid bosses in the USA and Europe are Jewish.


Blavatnik

Imagine if your bank, which is led by a man of Jewish origins, gives several billions to several Jewish billionaires and is then told it is not getting all of its money back.

1. Leonid Valentinovich Blavatnik is a Russian-American-Jewish billionaire.

After the fall of communism he was able to buy up companies in Russia very cheaply.

In 2007, the Forbes 400 reckoned he was worth $7.2 billion.

In 1986 he founded Access Industries, a New York-based international industrial group.

Access Industries formed LyondellBasell Industries.

On 6 January 2009, the U.S. operations of LyondellBasell Industries filed for bankruptcy.

Royal Bank of Scotland (RBS) is owed $3.47 billion by LyondellBasell Industries.

(RBS to write off £1bn loan to Russian oligarch )

Of the £2.5 billion loaned to Leonid Blavatnik, the bank has suggested that it may write-off as much as £1 billion.

Blavatnik originally borrowed the money from the Dutch bank ABN Amro. The Royal Bank of Scotland led a consortium takeover of ABN Amro, in 2007.

Deripaska is Jewish and linked to the Rothschilds. (The Rothschild Octopus Dejan Lučić -)

2. Another Jew who got money from the Royal Bank of Scotland is the Jewish billionaire Oleg Deripaska.

Where did the banks' money go?

"Among the highest-profile deals was a £2.8 billion loan offered by a group of Western banks - including RBS - to a company owned by Oleg Deripaska, the Russian tycoon, which was used to buy the Russian metals firm Norilsk Nickel.

"Mr Deripaska recently hit the headlines in the so-called 'Yachtgate' controversy over his links with both Lord Mandelson, the Business Secretary, and George Osborne, the shadow Chancellor." - 80 per cent of bank lending 'went overseas'

Goodwin

3. Fred Goodwin was chief executive of the Royal Bank of Scotland. He is a multi-millionaire.

Fred Goodwin's mother was German Jewish. (Fred Goodwin - Wikipedia, the free encyclopedia)

Shares in the Royal bank of Scotland have just collapsed in value.

Back in 1990, while working for Touche Ross, Goodwin was chief operating officer of the worldwide liquidation of Bank of Credit and Commerce International, said to be the bank used by the CIA and its friends for various criminal activities .

According to an article at Wikipedia: "RBS has been involved in an increasing number of environmental and human rights controversies since Sir Fred Goodwin took the helm in 2001.

"RBS is heavily involved in financing large oil, gas and mining projects world-wide that environmental organizations like BankTrack, PLATFORM , Pacific Environment, The Cornerhouse, and Rainforest Action Network call 'dodgy deals' that they say severely damage the environment and local communities, and that contribute significantly to climate change.

"A profile by BankTrack tracks RBS financing of corporations involved in the production of uranium weapons, as well as the controversial Baku-T’blisi-Ceyhan oil pipeline transecting Azerbaijan, Georgia and Turkey, the Sakhalin II oil and gas scheme in eastern Russia, the Freeport McMoRan mine in Indonesia, Sinopec oil and gas in Burma, the Dynegy coal fired power plant and mountaintop removal coal mining in the US." - (Fred Goodwin - Wikipedia, the free encyclopedia)

Montenegro, linked to the Mafia and top people

Photo of Montenegro by Einer flog zu Weit

Montenegro and its Prime Minister Milo Đukanović allegedly have links to various Mafias.

Nat Rothschild, UK government minister Lord Mandelson and Russian billionaire Mr Deripaska reportedly have links to Montenegro.

Montenegro's Dukanovic

1. Wikipedia (Cached) tells us:

According to a 1997 report by the Guardia di Finanza, Montenegro is part of a smuggling group divided among various crime families connected to the Sicilian mafia, Camorra and Sacra corona unita. [5]

Various reports implicate Đukanović in doing business with different Mafia bosses like Neapolitan Camorra's Ciro Mazzarella who was arrested in 1993 in Lugano.[6]

Since then, other mafia figures like Francesco Prudentino, Gerardo Cuomo, Filippo Messina operated out of Montenegro closely tied to Đukanović's government.[7]

In 1996, Italy's Anti-mafia Investigative Agency taped a telephone conversation between Cuomo and Santo Vantaggiato, a fugitive from Italian law hiding in Montenegro. The two men were discussing the election in Montenegro, and Cuomo boasted that he was close to senior Montenegrin politicians. [8]

In July 2003, the prosecutor's office in Naples named Đukanović as a linchpin in the illicit trade which used Montenegro as a transit point for smuggling millions of cigarettes across the Adriatic sea into Italy and into the hands of the Italian mafia for distribution across the EU.[7]

Mandelson - World Economic Forum Annual Meeting Davos 2007

2. The Daily Mail, 24 October 2008, tells us:

"Lord Mandelson is facing scrutiny of his championing of the tiny Adriatic nation of Montenegro as a world trading partner. Aluminium tycoon Mr Deripaska has invested heavily in the country...

"Financier Nat Rothschild... also has interests there.

"Mr Rothschild, Mr Deripaska and other investors want to turn a bay in Montenegro into a £5billion haven for the super-rich...

"It emerged that Lord Mandelson had been seen with Mr Deripaska at a Moscow restaurant in 2004, after being appointed EU trade commissioner - but before taking up the post...

"In December 2005 Lord Mandelson signed off a decision to remove punitive EU aluminium tariffs that benefited the Russian's business." - Mandelson to face questions over links to Russian tycoon and plans for a £5bn super-rich haven in Montenegro

3. Richard Littlejohn, in the Daily Mail, 24 October 2008, writes:

"You were living in the Rue des Jeunes Garcons...

"Does the name Dr David Kelly mean anything to you?...

"You came to lower import tariffs on aluminium while at the same time enjoying the hospitality most extensive at the expense of our host, who par coincidence just happens to be the biggest aluminium baron in Russia. ...

"Your two bons amis, Monsieur Rothschild here et Monsieur Deripaska - on whose magnificent yacht you are currently staying - are both investing heavily in Montenegro..." - RICHARD LITTLEJOHN: The cast list of The Corfu Connection reads like an Agatha Christie novel


Deripaska

1. Oleg Deripaska, who controls the company UC Rusal, is 'one the world's 10 richest people', with assets of $28 billion.

His name has been linked to organised crime and to various top people. (Russia's Deripaska Faces Western Investigations / Oleg Deripaska - Wikipedia, the free encyclopedia)

2. In 2006, at the World Economic Summit in Davos, Deripaska met John McCain.

3. In the 1990s, there was 'gang warfare' for control of aluminium smelters in Siberia.

Deripaska seems to have won.

4. Deripaska married into the family of Boris Yeltsin, the former Russian president.

Roman Abramovich, the owner of Chelsea football club, was one of Deripaska's partners.

5. Authorities in the U.S. have accused Deripaska of having ties to organized crime. (Russia's Deripaska Faces Western Investigations)

According to The Wall Street Journal, 10 October 2008, US authorities are investigating a wire transfer of funds originating with UC Rusal and passing through Barclays PLC offices in New York and London.

Some of the funds ended up with Deripaska consultants in Washington who are being investigated for possible money laundering or other crimes.

6. According to The Sunday Times, 12 October 2008, UK government minister Peter Mandelson gave trade concessions worth up to £50m a year to Russian aluminium tycoon Oleg Deripaska while Mandelson was European Union trade commissioner. (Mandelson joins richest Russian on superyacht)

In a 2005 document signed by Mandelson, it was agreed the European commission would scrap measures against Deripaska’s company, Rusal Sayanal, to prevent it 'dumping' cheap aluminium foil in Europe.

The document meant the import duty for Rusal Sayanal was set at zero. All other Russian companies exporting the same product were charged at 14.9%.

One of Deripaska’s top financial advisers is Nat Rothschild, who is co-chairman of a New York hedge fund and a friend of Mandelson’s.

Nat Rothschild’s father, Lord Rothschild, owns a villa in Corfu where Mandelson has stayed as a guest. (Mandelson joins richest Russian on superyacht)

7. Since the troubles over Georgia, Russians have become less popular with certain powerful people in the USA.

8. The Israel News Agency (Israel Police: Oleg Deripaska Wiretapped Chernoy, Lieberman) reported on 20 November 2007 :

"On November 5, Israel police announced that they had arrested two private investigators in Israel, Rafi Pridan and Aviv Mor, on suspicion of illegally wiretapping several people in an effort to gather information about Israel Strategic Affairs Minister Avigdor Lieberman and businessman Michael Chernoy (Mikhail Chernoy, Michael Cherney).

"The police also arrested right-wing extremist Avigdor Eskin on suspicion of serving as a liaison between the private eyes and their employer. Israel Police believe the employer is Oleg Deripaska, the richest oligarch in Russia (his fortune is estimated at $22 billion), a business rival of Michael Chernoy who has been waging a public smear campaign against him."

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