In Charles Dickens’ celebrated short story A Christmas Carol (1843), the Malthusian miser and London stock exchange speculator Ebenezer Scrooge is told by the ghost of his deceased partner Jacob Marley that “it is required of every man that the spirit within him should walk abroad among his fellow men, and traveled far and wide” for the purpose of doing good works of charity and thus alleviating human suffering.
In this spirit, let us briefly examine the economic condition of humanity at the close of 2012.
Our finding is sadly that the ongoing world economic depression continues to increase the needless privations of the vast majority of the inhabitants of this planet. The great scourges of mankind remain poverty, illiteracy, ignorance, disease, unemployment, homelessness, inadequate sanitation, low social mobility, and exclusion — and many of these are getting worse.
From: Natural News
The U.S. federal government is over $16.2 trillion in debt. But that doesn't really matter, we're told, because the Federal Reserve -- a private banking monopoly -- can create an unlimited quantity of dollars to keep buying up the U.S. debt. This is called "QE unlimited," meaning unlimited quantitative easing (money creation).
From: The Diplomat
In less than twenty years, South Korea has gone from being a nation of savers to one of the most reckless borrowers in the world. On both government and household levels, South Korea is deep in debt and a crisis could be brewing in the world’s 13th largest economy.
The numbers don’t paint a pretty picture. According to a recent report by the LG Economic Research Institute 28 percent of South Korean households are unable to make payments on their debts each month and can’t cover their monthly expenses with their current income.
Healthy markets require solid data based on reality.
It is hard enough to determine what, when and how to invest even with solid data. We live in an unpredictable and chaotic world, and the last thing that investors need is misinformation and distortions.
And now for something a little different.
Enjoy!... if you value freedom of speech, freedom of expression, freedom in general but want to discover how we are all being enslaved and manipulated (covertly and often sub'liminally), then check out: http://VoxRox.co
Join the Global Resistance!
Full credit to: MrFckthemall
From: Call To Account's Weblog
Every legit competitive sport has rules of conduct governing how the game is to be played, all conceived to maintain the fairness, honesty and integrity of the process. Umpires, referees, linesmen, field judges and alike don’t hesitate to impose sanctions the moment they spot an infraction. Break a rule, you’re penalized, benched, fined, out of the game, out of the sport, maybe even for good. Congress and the media repeatedly tell us the American public would tolerate no less, even though the overwhelming majority of sports fans have nothing more than a mere rooting interest in the outcome; no “skin” as it were, in the game – except gamblers, who have all the more reason to want it to be on the level, unless they’ve already fixed it.
Someday, it will go down in history as the first trial of the modern American mafia. Of course, you won't hear the recent financial corruption case, United States of America v. Carollo, Goldberg and Grimm, called anything like that. If you heard about it at all, you're probably either in the municipal bond business or married to an antitrust lawyer. Even then, all you probably heard was that a threesome of bit players on Wall Street got convicted of obscure antitrust violations in one of the most inscrutable, jargon-packed legal snoozefests since the government's massive case against Microsoft in the Nineties – not exactly the thrilling courtroom drama offered by the famed trials of old-school mobsters like Al Capone or Anthony "Tony Ducks" Corallo.
But this just-completed trial in downtown New York against three faceless financial executives really was historic. Over 10 years in the making, the case allowed federal prosecutors to make public for the first time the astonishing inner workings of the reigning American crime syndicate, which now operates not out of Little Italy and Las Vegas, but out of Wall Street.
From: The Daily Bell
Bilderberg power masters meet in the US ... Every time a Bilderberg Meeting takes place, important things happen. The last time they met in the US was an election year, 2008 – and the world got Obama. This year they're back in the US: will they decide who the next president will be? When in 2008 they gathered from June 5 to 8 in Chantilly, Virginia – just a stone's throw from the Washington DC – Barack Obama and Hillary Clinton were neck-in-neck in the battle for the Democratic Party's presidential candidacy. – RT via Drudge
Dominant Social Theme: They don't exist.
Free-Market Analysis: The Drudge Report, which can reach tens of millions of viewers, has posted an article from RT about the mysterious and secretive Bilderberger group (see above).
From: Project Syndicate – by: Nassim Nicholas Taleb and Mark Spitznagel
For the American economy – and for many other developed economies – the elephant in the room is the amount of money paid to bankers over the last five years. In the United States, the sum stands at an astounding $2.2 trillion.
Extrapolating over the coming decade, the numbers would approach $5 trillion, an amount vastly larger than what both President Barack Obama’s administration and his Republican opponents seem willing to cut from further government deficits.
From the Midas Letter – By James West – Posted Monday, 20 June 2011
That the United States government, the U.S Federal Reserve, and a plethora of financial institutions, are in breach of numerous U.S. laws in regards to fraud and fiduciary duty to the American people, is held to be self-evident, by a growing minority of individuals around the world. That this breach of law and duty has resulted in the deterioration of the global marketplace, diminished opportunities for workers, and effected an acute decay in living standards for millions around the world, is without doubt.
Since the founding of the houses of Rothschild and Morgan in the 18th and 19th centuries respectively, banks and bankers have progressively adopted the role of financiers to governments, who find themselves placed in a position of obligation to their financiers. Laws and regulations are thus influenced more by the interests of bankers than by the public interest. This is the essential conflict that undermines the possibility of real democracy in our world. Its not a case of who can get the most votes – it’s a case of who’s got the most money.