Saturday, 1 October 2011
Economic Crisis
Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here
#1 George Soros: "Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation."
#2 PIMCO CEO Mohammed El-Erian: "These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delever their balance sheets in a very drastic and disorderly fashion. Retail depositors would get edgy and be tempted to follow trading and institutional clients through the exit doors. Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy."
#3 Attila Szalay-Berzeviczy, global head of securities services at UniCredit SpA (Italy's largest bank): "The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits."
#4 Stefan Homburg, the head of Germany's Institute for Public Finance: "The euro is nearing its ugly end. A collapse of monetary union now appears unavoidable."
#5 EU Parliament Member Nigel Farage: "I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine."
#6 Carl Weinberg, the chief economist at High Frequency Economics: "At this point, our base case is that Greece will default within weeks."
#7 Goldman Sachs strategist Alan Brazil: "Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?"
#8 International Labour Organization director general Juan Somavia recently stated that total unemployment could "increase by some 20m to a total of 40m in G20 countries" by the end of 2012.
#9 Deutsche Bank CEO Josef Ackerman: "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels."
#10 Alastair Newton, a strategist for Nomura Securities in London: "We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis"
#11 Ann Barnhardt, head of Barnhardt Capital Management, Inc.: "It's over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken."
#12 Lakshman Achuthan of ECRI: "When I call a recession...that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it's not going to stop."
Mayor Bloomberg
Mayor Bloomberg: "We'll See" If The City Will Let Occupy Wall Street Continue
http://blogs.villagevoice.com/runninscared/2011/09/mayor_bloomberg_28.php
New Yorkers need “to help the banks” was Mayor Michael Bloomberg’s message to the Occupy Wall Street crowd in his weekly radio appearance on the John Gambling show.
New Yorkers need “to help the banks” was Mayor Michael Bloomberg’s message to the Occupy Wall Street crowd in his weekly radio appearance on the John Gambling show.
Bloomberg Says Wall Streeters Are Struggling To Make Ends Meet
Cops Arrest Large Number of Occupy Wall Street Protesters
Local media in New York reports that a large number of Occupy Wall Street protesters were arrested this afternoon near Union Square in Lower Manhattan.
“A spokesman for the protesters claimed more than 50 were arrested. The NYPD has not responded to WNYC’s request for comment,” WNYC reported at 5:32 PM EST.
“Protesters wielding signs that demanded ‘End the Fed’ and other anti-Wall St slogans marched up Fifth Avenue near Union Square on Saturday, drawing a significant police presence and snarling traffic in the neighborhood,” Chris Bannon writes for the radio station.
BuzzFeed puts the number arrested at around 80. “While the NYPD maintains that they neither own nor use tear gas, some have stepped forward to confirm that they were pepper-sprayed. In at least one video, a man is violently tackled for simply talking to an officer,” writes Chris Menning for the website.
NY cops have a reputation for man-handling non-violent protesters. In the second video here, New York City’s finest corral a number of female protesters and then pepper-spray them:
As should be expected, the corporate media has failed to cover the events on Wall Street this week in a meaningful way, instead choosing to portray the demonstrators as troublemakers and buffoons.
One New York television station, however, is asking for videos covering the arrest of nonviolent protesters and police brutality. If you have footage of the arrests and cops viciously pepper-spraying women, send an email here: desk@ny1news.com.
An Emergency Program for Anti-Wall Street Protestors:
Don’t Let Soros Hijack the Movement
Political mass strike dynamics have been at work in the United States since the Wisconsin and Ohio mobilizations of February and March. Now, there are demonstrations in lower Manhattan and Boston specifically directed against the Wall Street banks. Another protest demonstration is scheduled for Washington, DC, starting on October 6. Good: a political challenge to Wall Street is indeed long overdue.
The Occupy Wall Street demonstrators are skeptical in regard to Obama. There is no sizable constituency for Ron Paul, and the crackpot Austrian school of economics is hardly represented. Above all, there is a desire to break the power of Wall Street. This much is promising, but still not enough to win.
http://tarpley.net/2011/09/29/emergency-program-for-anti-wall-street-protestors/
Political mass strike dynamics have been at work in the United States since the Wisconsin and Ohio mobilizations of February and March. Now, there are demonstrations in lower Manhattan and Boston specifically directed against the Wall Street banks. Another protest demonstration is scheduled for Washington, DC, starting on October 6. Good: a political challenge to Wall Street is indeed long overdue.
The Occupy Wall Street demonstrators are skeptical in regard to Obama. There is no sizable constituency for Ron Paul, and the crackpot Austrian school of economics is hardly represented. Above all, there is a desire to break the power of Wall Street. This much is promising, but still not enough to win.
http://tarpley.net/2011/09/29/emergency-program-for-anti-wall-street-protestors/
IT DIDN’T TAKE LONG FOR HERMAN CAIN TO SAY SOMETHING STUPID
http://www.politicalcrush.com/current-events/it-didnt-take-long-for-herman-cain-to-say-something-stupid/
Herman Cain: African-Americans have been brainwashed into not being open-minded
CNN's Wolf Blitzer spoke with Herman Cain today about 2012 politics and more. This interview aired during CNN's The Situation Room with Wolf Blitzer.
Herman Cain: African-Americans have been brainwashed into not being open-minded
CNN's Wolf Blitzer spoke with Herman Cain today about 2012 politics and more. This interview aired during CNN's The Situation Room with Wolf Blitzer.
Wall Street Protest
Union Airline Pilots Occupy Wall Street
Over 700 hundred Continental and United pilots, joined by additional pilots from other Air Line Pilots Association (ALPA) carriers, demonstrate in front of Wall Street on September 27, 2011 in New York City.
http://www.forbes.com/sites/erikkain/2011/09/29/union-airline-pilots-occupy-wall-street/
Wall Street Protest Growing
Major Unions Join Wall Street Protest
The Teamsters Union and New York Transit Workers Union have thrown their support behind the Wall Street protests.
Alexander Higgins – reporting live from the protests – notes that United Airlines pilots marched in the protest wearing their full pilot uniforms:
MSNBC on NYPD Police Brutality during Occupy Wall Street Lawrence O'donnell with "The Last Word"Bologna's Second Assault with Slo-Mo
DI Anthony Bologna actually engages in a second indiscriminate pepper spray assault moments after he attacked the four women.
http://www.washingtonsblog.com/2011/09/wall-street-protest-growing.html
A Natural Alliance: Unions Join Occupy Wall Street
Rage Against Wall Street Crooks
http://sjlendman.blogspot.com/
http://www.progressiveradionetwork.com/the-progressive-news-hour/
Police indeed are "enforcers for crime bosses," and not just in New York.
Money Power: The Root of All Evil in Private Hands
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