Do you worship at the altar of the all-mighty government?
Do you think society would collapse if the income tax were repealed?
Are you aware that the Federal Reserve admits we have a fiat monetary system? Do you even know what that means and how it affects you and the rest of the country?
Do you automatically think problems should be solved with government involvement rather than letting the marketplace create solutions?
Most politicians are growing our government for various reasons. Some for profit, others due to elitism (they know better than us, i.e. the socialist nanny state). Which is more dangerous?
We need a HUGE housecleaning in our government.
It is up to us VOTERS to begin this.
Argentina’s Economic Collapse – Part 1 of 12
Part 2: http://au.youtube.com/watch?v=whVSw5X2pVU
Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina’s assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition. Official name: Memoria del Saqueo by Fernando Solanas 2003.
Duration : 0:6:35
Fannie Mae and Freddie Mac’s Current Financial Crisis
Mortgage giants Fannie Mae and Freddie Mac are presently undergoing a tough time. With confidence level and shares going down significantly for the past week, some people think that a government bailout is about to happen.
Fannie had a 28 percent drop in shares, while Freddie slid 26 percent. The loss in value now totals to 80 percent since the start of the year.
It’s alarming how -two financial institutions holding half of the country’s mortgages are starting to crumble in the midst of the housing crisis. Failure in both government-sponsored enterprises (GSEs) could have a devastating effect not only here in the United Stated but in other countries as well.
Foreign governments own money used in both companies’ operations. Investors, companies, mutual and pension funds abroad also have money utilized by Fannie and Freddie.
To prevent further damage, the government came up with measures to help Fannie and Freddie get billions of dollars in the form of a “rescue package”. The rescue package aims to buy the company stocks using public money. Aside from that, the Federal Reserve will allow both companies to borrow money at a special rate, and would make one of its short-term lending programs available. Aside from that, the administration is seeking the Federal Reserve’s permission to let Fannie and Freddie secure liquidity.
The Federal Reserve is closely working with the Congress and Treasury to try and put these rescue measures into effect. The Treasury is also seeking to stretch the credit line for both institutions to $300 billion, and buy equity directly from both GSEs to prevent liquidity problems in the future.
The rescue plan was put into effect after close monitoring of both Fannie and Freddie. The government immediately sought precautionary steps to ensure that both mortgage giants have enough money to stay afloat.
zeusjohn
http://www.articlesbase.com/mortgage-articles/fannie-mae-and-freddie-macs-current-financial-crisis-496605.html
Doomsday Denial: Collapse 2.0 looms as UK calm before storm
The UK is bracing itself to hear about public spending cuts worth tens of billions of pounds. The coalition government will reveal the comprehensive spending review on Wednesday. It aims to dramatically cut the budget deficit and put the country on the road to financial recovery. But some economists says the worst is yet to come.
Duration : 0:2:58
Dietmar Hornung – Europe’s Sovereign Debt Crisis
Europe’s Sovereign Debt Crisis
14 Jun 2010
About the Event:
Governments across Europe are responding to market concerns over their public debt levels by implementing harsh austerity programmes and formulating unprecedented joint policy actions.
At this seminar, jointly organised by the IIEA and the Law Society of Ireland’s EU & International Affairs Committee, an expert panel evaluated the politico-economic context of the current crisis, its implications for the Euro and the EU, and its potential impact on the global economy.
Dietmar Hornung delivered an outlook on European sovereigns which argued that profound and sustained austerity measures were crucial to exiting the current crisis.
Ann Pettifor, deploying Keynesian economic arguments, countered Mr Hornung’s perspective, insisting that it was futile to try to bring down debt levels without first investing to ensure economic growth.
Lee C. Buchheit, focusing on Greece, explored scenarios that would demand a “Plan B” and shared his thoughts on what such a plan might entail.
About the Speakers:
Lee C. Buchheit is an internationally renowned US legal expert on sovereign debt issues. He currently serves as the chairman of the Icelandic government’s negotiating committee in the Icesave dispute between the Icelandic, British and Dutch governments.
Dietmar Hornung is the Vice-President and Senior Analyst of Moody’s Sovereign Risk Group. He is also the rating agency’s lead analyst on Ireland. The rating decisions made by his group are highly influential in international bond and currency markets; recent months have seen unprecedented downgrades across a group of European countries.
Ann Pettifor is the Executive Director of Advocacy International and a fellow of the UK’s New Economics Foundation. She predicted an Anglo-American debt-deflationary crisis in 2003 and is well known for her work on sovereign debt and international finance, including co-founding the Jubilee 2000 (Drop the Debt) campaign.
The seminar was chaired by Dan O’Brien, Economics Editor of the Irish Times.
Duration : 0:28:46
Dollar Crisis – The collapse is happening soon!
Dollar Crisis and Economic Collapse Video
May 25, 2009
http://trade-technicals.blogspot.com
VISIONVICTORY NETWORK
http://www.visionvictorymanifesto.com
SITE USED FOR THE CHARTS
http://trade-technicals.blogspot.com
This video discusses the dollar collapse to why this is happening and where this could go. President Nixon went off the gold standard in 1971 and since then our money has been fiat! This means it is only debt. The collapse of the dollar is months away now, and are you ready for this?
Duration : 0:17:52