Days of reckoning, explosive German debts and the new digital socialism

Stacy Summary:  Thanks for all the great comments on yesterday’s headlines entry.  @Danny, especially, for choking everyone up with your digital love.  Some interesting headlines today continue the theme of the third worldization of Western economies collapsing under the debts of the financial oligarchs, but, alas, there is positive news online where – at least for now – people can escape the politician-footsoldiers of the bankers.

28 comments on “Days of reckoning, explosive German debts and the new digital socialism
  1. M says:

    Ah, I see our good friend Ambrose has picked up on his favorite pass-time and is slashing Europe again. Such a wonderful unbiased man he is.

  2. M says:

    Even better to see that Ambrose does not fully out of his own insight in the markets, he uses the even-more-credible-than-himself IMF as his main source.

    What would the world do without Ambrose?

  3. M says:

    And I am one hell of a writer….

  4. Phil says:

    The news you should have heard this week, but didn’t.

    Bilderberg mentioned this week :

    http://www.youtube.com/watch?v=ZoNZiQIC46o

    ICN Informed Citizen News broadcast Sunday May 24th, 2009. The news you should

    have heard this week, but didn’t.
    This week’s stories…

    Story #1 – FCC claims to have power for warrantless searches
    Story #2 – THe U.S. ranks 6th on the police state list
    Story #3 – The Bilderberg Group meets in Greece
    Story #4 -Swine Flu: Inflatable mortuaries and ‘express’ funerals
    Story #5 – US Doctors’ association calls for Moratorium on GMO Foods
    Story #6 – FDA labels Cheerios a drug?
    Story #7 – Audit the Fed bill – HR 1207

    Excellent reporting IMO !
    They report ca. once per week.

  5. Phil says:

    @California’s day of reckoning is a warning for Europe
    @German debts set to blow like ‘a grenade’

    PPT doing more PR for their TBonds ?
    LOL !

  6. stacyherbert says:

    @Phil – well, consider the source – Times & Telegraph (Ambrose). They both hate Europe. They especially hate / fear Germany.

  7. Phil says:

    @stacyherbert .. “Ambrose”

    Yes .. I posted the question once some months ago as to whether he is one of the modern EHM !

    Nobody yet has answered or criticized my theory that the US PR machine is dissing the Euro and UK bonds in favour of US Tbonds. So I can only assume that nobody disagrees.
    ;-)

  8. Phil says:

    Slightly off topic :

    On the recent Intel EU fine …
    “The Justice Department’s antitrust division has rescinded Bush administration guidelines intended to shield monopolies from antitrust accusations. ”
    http://www.nytimes.com/2009/05/22/opinion/22fri2.html?_r=1

    Pleased to see the admission of what I’ve been claiming for years ! When Bush Jnr. took office, the CEO of Intel ( Barrett ) was one of his first visitors.
    John Perkins “Corporatization” should maybe be called “US Monopolization” … in that allowing Cos. to monopolize markets WW is OK , as long as it is a US company.
    FWIW

  9. @stacyherbert @Phil @M … I’m confused. What exactly is Ambrose’s hidden agenda? Does he not also expose British weaknesses? To name him a PPT-stooge or EHM is as silly as claiming Max is a NWO-controlled trouble maker.

    Is he? “RISE UP! …(to help us reach 20% world population)”

  10. frances snoot says:

    http://www.nytimes.com/2009/05/25/opinion/25krugman.html

    Here’s a link from a NYTimes article concerning the Californian economy. The responses are revealing; the article is an opinion and does not reflect my views.

  11. marcus says:

    last one from the ‘scherbs’…’Die letzte Schlacht gewinnen wir ! [ we will win the last battle ! ] my favourite protest music band http://www.youtube.com/watch?v=SjsykmyR2O0 berlin at its best !

  12. frances snoot says:

    from March 2009
    “Perhaps they (the Fed) feared that China would pull the plug on the US bond market. If so, it is time to get a grip. America remains the hegemonic power.”
    http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4884975/We-need-shock-and-awe-policies-to-halt-depression.html
    (hahahaha)

  13. Phil says:

    @Chris (Eketahuna) Gray … ” I’m confused. ”

    Obviously !
    It may have escaped your attention that the same US Ratings Agencies that classed subprimes as AAA are now being used to downgrade Euro and UK bonds.
    Should we believe them ? ; that the UK and Eurozone are in a far worse state than the US ?

    After all , it was exactly because of those AAA ratings that Euro and UK banks bought the subprime packages – nicely packaged and immediately shorted by some major US banks ( actually reported in their SEC filings BTW ).

    The FED & Treas. want the world to continue to buy US Debt. What better way than to scare the chit out of people by dissing the UK and Euro bonds with a barrage of negative articles that just seem to pop up as soon as the US$ and bond market take a plunge.

    Suggest you read EHM by “John Perkins” .. who actually mentions that the “modern EHM” is today operating at much higher levels and as part of the establishment as in his day as an EHM. i.e. has become more subtle and more sophisticated.

    Seems to me that you don’t consider it a possibiliy that MSM people manipulate opinions and emotions , and therefore the markets.

    IMO… anything is possible – and nothing surprises me any more !

  14. frances snoot says:

    http://usgovinfo.about.com/od/immigrationnaturalizatio/a/caillegals.htm

    This article is from 2004, but it indicates the ongoing problems California has concerning illegal immigrant costs. The Times article does not include this information. The issue of illegal immigration is a political grenade.

  15. Mike2liverpool says:

    Gold falling!
    Keiser your fired again!
    Mike

  16. M says:

    @Mike

    Perhaps you should try to find out what motivates you internally, instead of being so reliant on outside influences beyond your control.

  17. Photoception says:

    @ Phil

    But the ratings agencies said they cleaned up their act. You don’t trust them? Come on, they’ve been around forever… just like Lehman.

    Everyone knows these agencies were involved in collusion, racketeering and conspiracy to defraud investors. Were there any charges or subpoenas filed?

    Andy Fastow for treasury secretary!

  18. Phil says:

    @Photoception
    ….. which is what I said !

  19. Mike2liverpool says:

    M
    Don’t be shy, what do you think goes on in my little mind?
    Mike

  20. California has a wonderful economy. Think about what is in California. Hollywood, the San Juaquin Valley, Silicon valley, Napa and Sonoma Valleys (grapes)…

    The weather is perfect for growing (as long as there is enough water), and the population is diverse, creative, a l;ittle crazy and often a lot of fun.

    If it closed itself off from the federal system, did its own thing, and focused on tightening its belt, California would plump back up like a wet prune and its people would go back to their dog parks and their latte counters and all would be fine.

    The federal government keeps 30 percent of all the taxes it pulls out of California, and then spends that money on military adventurism, paying interests on debt, and sending Nancy Pelosi to the Vatican…

    Other than a few greedy unions, the biggest drain on California is the federal government.

  21. @Phil ~~~ I would like to go beyond the incestuous US,UK,EU squabbles and suggest that the West collectively is screwed. With Germany possibly emerging as a leader, as someone recently commented.

    I didn’t read the book but watched a cool J. Perkins YouTube interview recently.

  22. Phil says:

    @Chris (Eketahuna) Gray … “With Germany possibly emerging as a leader”

    As a leader in a positive or negative sense ?

    @ … “I didn’t read the book but watched a cool J. Perkins ”

    He now has 2 books on this subject.
    He pointed out that is (life) insurance policy is the 1st. book.
    ;-)

  23. William says:

    Isn’t socialism without the State, anarchy? (Not the “chaos” that is popular propaganda, but a group of individuals working within a community). Or perhaps Libertarian?

  24. Daniel S says:

    Economic Hit Man is a limited hangout.

    http://www.fromthewilderness.com/free/ww3/010705_economic_hitmen.shtml

    If Perkins and Alex Jones are going to be consistent sources here I’d better stop eating while I read.

    http://www.fromthewilderness.com/free/ww3/122004_goodbye_giant.shtml

  25. Phil says:

    @Daniel S
    Nice article by Catherine Austin-Fitts .

    Did you see her 45 minute talk at IRTA 2008 ?

    She basically says – effectively – that the US Govt. is one big ponzi scheme with FNM , FRE and AIG playing centre stage.
    http://video.google.com/videoplay?docid=-5455605137215634518

    I think I may have posted this a few times here .. sorry for being repetitive ;-)

  26. Mep says:

    @ Danny, Yes, much thanks for the dose o’ love. The world would be a much better place if only more of us had the courage to offer expressions of love so freely.

  27. Daniel S says:

    Phil, yep I’ve seen it. I follow her blog and write some annoying stuff over there as well.

  28. Mep says:

    A couple more third-worldization pieces:

    US at risk of a double-dip recession:

    http://www.reuters.com/article/ousiv/idUSTRE54P2ZC20090526?sp=true

    US home prices down 19.1%; biggest quarterly drop in 21 years of tracked data:

    http://online.wsj.com/article/SB124334273595354315.html#mod=testMod

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