Less than a month ago, I warned the people of Spain that U.S. financial oligarchs had their sights set on the nation. The post was titled, Your Wall Street Slumlord Arrives in Europe – Goldman and Other Financial Firms Launch “Buy to Rent” in Spain.
The effects are already being felt across the poor areas of Madrid.
Read the rest here.
Dominique Strauss-Kahn’s business partner, Thierry Leyne, has committed suicide by jumping from one of the tallest buildings in Tel Aviv.
Word on the Paris boulevard is that Leyne Strauss-Kahn & Partners lost a lot last week in the market chaos. Whether or not the rumoured losses have anything to do with this, we don’t know yet.
The pattern of central bank covering the debt is clear. The lesson is that central banks can apply paper patches to the failed banks, and buy more time, then repeat the process on the next failed bank event. No limit to their bank patches seems to be in force. The banker cabal can continue endlessly since their patches are based on paper solutions, fiat paper money spew, and they control the paper output. They are the masters of the House of Paper.
The paper mache solutions can continue in a seemingly endless manner, but not in the Gold market.
The intervention and suppression in the Gold market is finite. It requires Gold bullion, the physical ingot bars, in order to execute the perpetuated interference and alteration to this financial niche market.
The manipulation is finite, and it is coming to an end.
When the Shanghai shock comes, all the Paper Gold structures will fall, all the FOREX derivatives will collapse, all the control rooms will go into panic mode.
Click here for the latest Hat Trick Letter on the coming Shanghai Shock to the Gold Market:
This morning, American slaves woke up to learn that the Department of Homeland Security, a worthless bloated bureaucracy with a $39 billion budget, has been spending its time and money raiding a creator of unlicensed World Series panties. I wish this was a joke…
Read the rest here.
Hey, Windhover Cathedral, you are bringin’ me down
You stood and you watched as, you watched sovereignty go by, my baby left town
You coulda done somethin’, but you didn’t even try
You didn’t do nothin’, you didn’t ding-dong, you let her get by
Now everyone knows just how much you needed that identity
She wouldn’t have gone far away, if only you’d started ringin’ your bell
The transitions are where the big pile-ups usually happen. Bitcoin enthusiasts welcome to The Windhover Transition.
Those who actually create value as opposed to chasing yield with nearly-free money will actually have some traction once the swamp of excess liquidity drains.
When those closest to the money spigots of the Federal Reserve can borrow billions for next to nothing, cash–laboriously saved from years of paychecks–is reduced to trash. What chance does a saver have in a bidding war for a house or other asset against a financier who can borrow essentially unlimited cash?
When it comes to how the U.S. economy of fraud functions in 2014, the following article has it all. A government official, a global investment bank and a businessman/politician, all working together to enrich themselves at the public’s expense. It demonstrates how big bucks are really earned by insiders in the new American Dream, characterized by extreme cronyism and corruption…
Read the rest here.
How much is corporate welfare costing us? In this month’s Tax Justice Network podcast we look at how across the US they’re going to start publishing corporate tax breaks and subsidies. And we take a look at the latest research in the UK.
Also: Ireland announces it’ll abolish the so-called ‘Double Irish’ tax dodge after the EU Commission finds Apple’s tax deal is ‘illegal state aid’. But what will they replace it with? Australians discover the true state of the tax contributions made by their top companies and Tax Justice Network Africa makes history by taking the Kenyan government to court in an unprecedented case over a tax treaty with the tax haven of Mauritius. CLICK ON THE LOGO TO LISTEN:
Featuring: Tax Justice Network Director John Christensen, Greg LeRoy of Good Jobs First and the University of York’s Dr Kevin Farnsworth. Produced and presented by @Naomi_Fowler for the Tax Justice Network.