united states D-O-N-E. true story

william black lays it alllll out!

part 2

part 3
“would be hilarious if it weren’t so nasty..”
“everyone in the industry is laughing uproariously thinking what a brilliant way to destroy consumer protection.”

part 4

part 5

the united states is done. period. there is just no more money.

Eric Margolis: WARS SENDING U.S. INTO RUIN

Watch Pt.2

IMF advises united states to watch its debt, LOL
Tom Ferguson, Prof. Political Economy U.of Mass. is HILARIOUS!

Gerard Dumenil[U of Paris, Prof. Economics], interviewed in this video is Great!
“how did Greece cheat? they asked the best cheater in the world. well the big banks! and the big banks told them don’t worry because we know exactly how to cheat. because we do it constantly.”

“The Greek measures overwhelmingly approved by the European governments consist of attacking social rights because, under the rules of globalized capitalism applied by these governments, Europe is losing ground in the global competition with the United States and the emerging countries. Their solution is to regain competitiveness through a reappraisal of the standard of living and social protection achieved in Europe by decades of mobilization of the workers movement.”

from globalresearch.ca

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  1. #1 by rufong on 25/05/2010 - 13:09

    Iran was among the few major economies in the world not to be severely affected by the crisis.

    Smaller banks from emerging economies, Islamic banking and less formal means of cross-border payments, including cash and ‘hawala’, provided the best protection for those who were kept out of the ailing Western banking system as a form of ‘punishment’.
    http://english.aljazeera.net/focus/2010/05/201052271814825709.html

  2. #2 by rufong on 25/05/2010 - 13:29

    The oil in the Caspian basin is estimated to be worth over US $12 trillion. The sudden collapse of the USSR and subsequent opening of the region has led to an intense investment and development scramble by international oil companies. In 1998 Dick Cheney commented that “I can’t think of a time when we’ve had a region emerge as suddenly to become as strategically significant as the Caspian.”
    http://en.wikipedia.org/wiki/Caspian_Sea

  3. #3 by rufong on 25/05/2010 - 13:32

    Much controversy currently exists over the proposed Trans-Caspian oil and gas pipelines. These projects would allow western markets easier access to Kazakh oil, and potentially Uzbek and Turkmen gas as well. The United States has given its support for the pipelines. Russia officially opposes the project on environmental grounds. Analysts note that the pipelines would bypass Russia completely, thereby denying the country valuable transit fees, as well as destroying its current monopoly on westward-bound hydrocarbon exports from the region.[26] Recently both Kazakhstan and Turkmenistan have expressed their support for the Trans-Caspian Pipeline.

  4. #4 by yvgeny fakov on 31/05/2010 - 03:39

    716 would take a chain saw to one of Wall Street’s most lucrative profit centers: Five of America’s biggest banks (Goldman, JP Morgan, Bank of America, Morgan Stanley and Citigroup) raked in some $30 billion in over-the-counter derivatives last year. By some estimates, more than half of JP Morgan’s trading revenue between 2006 and 2008 came from such derivatives. If 716 goes through, it would be a veritable Hiroshima to the era of greed.
    http://www.globalresearch.ca/index.php?context=va&aid=19411

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