Category Archives: Business/Economics

Business/Economics, International, U.S.

Corporate Evil, United Police States of America & What Economic Recovery? Corporate Fuedalism, you are a slave, big money investments not going to create jobs but to finance more big money investments! Prison industry fastest growing in the U.S.

The following statements are from a former Wall Street stock broker, now self-exiled in Europe, Timothy Maxwell “Max” Keiser:

“Money is being printed but it does not flow to wages or savings and pensions. It flows to asset price inflation and to bonuses for corrupt bankers.”

“The economy runs on financial engineering now, and currency speculation financed by ultra-low rates, near zero percent interest rates and the economy is not run on manufacturing.”

“When you pay out a hundred and forty billion dollars in bonuses, as they do on Wall Street or at the various banks in Europe, that is just a tip of a multi-hundred billion, multi-trillion dollar money laundering scam….the Central Banks lend money out to these banks at 1% percent; they in turn reinvest it with the Central Bank at 3%. So they make 2% carry, it’s a carry trade to do absolutely nothing!  They are not incentivized to put the money to work in the economy.  They are making free 2% on their cash, or more…”

“….there is no regulatory authority of any note; there is no deterrent to committing financial fraud…JP Morgan has been caught stealing from its customers….It is now not refuted, fully documented; there is no investigation.”

“Who pays for that? Everybody else through austerity measures. So you very much have feudalism, is alive and well. You have got a few feudal lords like the bankers in Europe and on Wall Street and everyone else is basically an indentured servant! There’s over a trillion dollars in bad student loans in America! That is the next bubble to pop! That is another huge wave of youths about to be thrown into the streets with trillion dollars of debts and told go to a concentration camp and die you pig; we don’t care about you!”

“The biggest gross industry in America is the prison industry! Why is that? It’s the only growing industry in America is the prison industry!  That’s the most profitable industry and the bankers are aiding and abating the entrapment of folks with forcing debt down their throats and forcing them to go to prison, and that is the economy!“

 

 

 

Business/Economics, International, U.S.

What Economic Recovery? Greece downgraded again, even with new bailout loan deals

Moody’s has joined Standard & Poor’s in downgrading Greece.

Last week S&P’s downgraded Greece to default status. Today Moody’s rated Greek bonds at C, saying risk of default is too high even with new bailout loans: “Moody’s believes that Greece will still face medium-term solvency challenges: its stock of debt will still be well in excess of 100 percent of gross domestic product for many years, the country is unlikely to be able to access the private market once the second assistance package runs out, and its planned fiscal and economic reforms will still face very significant implementation risks.”

 

 

Business/Economics, International, U.S.

World War 3: Russia joins West’s sanctions against Iran, freezes Iranian Embassy accounts!

The Russian bank, VTB 24, froze the accounts of Iranian embassy personnel in Russia.

“The bank said that this was an order from their top management, and they couldn’t do anything about it.”-Seyyed Mahmoud-Reza Sajjadi, Iranian Ambassador to Russia

Officials with VTB 24, a division of Russian state owned VTB, tried to downplay any connection to the U.S./European sanctions against Iran, by saying the move was because of a lack of profits being made off the Iranian accounts.

Business/Economics, International, U.S.

World War 3: More anti-U.S. rallies shut down Saudi Arabian oil ports

March 3, 2012, Saudi Arabian time, fresh anti-Saudi and anti-U.S. demonstrations reported in several Saudi Arabian oil ports along the Persian Gulf.

The latest port cities involved are Qatif (Al-Qatif), Rabiyia (Al-Rabeeya) and Awamiyah (Al-Awamia).  I’ve posted before how the U.S. media has been totally ignoring what’s been going on in the Pro-U.S. Saudi Arabia for the past year!

As much as 2 million barrels of oil passes through Awamiyah everyday.

Qatif is an ancient city, dating back to 3,500 BC.  Most of the jobs in Qatif are related to the oil industry. It’s estimated that Qatif handles 800,000 barrels of oil everyday.

Rabiyia is a town located in the Qatif county/region.

Last year human rights groups claimed hundreds of people were tortured by Saudi police.  Many Shi’a Muslims in Saudi Arabia are protesting because the Salafi Muslim government (that’s right, they’re Salafi/Wahhab, not Sunni as claimed by the U.S. media) has arrested and detained many Shi’a without charge, some since 1996!

 

 

 

Business/Economics, Idaho, International, U.S.

What Economic Recovery? Idaho will lose hoped for Nuclear Industry jobs, Areva loses $3.2 billion!

French nuclear industry giant, Areva, announced record losses on March 2, 2012.  They lost U.S.$3.2 billion!!!

The loss is directly tied to it’s incompetent African uranium mining operation (which looks like they bought a pig in a poke).  The French government is investigating, because Areva is actually a French government corporation, and they used taxpayer money to buy the pig in a poke mine!

Also, since the March 11, 2011, nuclear disaster in Japan, which has resulted in about 90% of their nuclear plants shut down, orders for fuel rods made by Areva have crashed!

Also, Germany’s decision to end the use of nuclear power plants will result in 1,500 Areva employees losing their jobs in that country.

On February 28, 2012, Areva announced it was “indefinitely” suspending its planned uranium enrichment project in Eastern Idaho.  Its called the Eagle Rock project.  Local contractors were notified in writing about the suspension.

Areva is trying to get money from the U.S. government. They were trying for at least $3 billion, but now, with such huge losses that won’t be enough!

Eastern Idaho is desperate for good paying jobs, and a lot of hopes were riding on the Eagle Rock project.

 

 

Business/Economics, International

What Economic Recovery: City desperate for cash approves Marijuana farming

A city, trying to deal with more than 20% unemployment, has turned to allowing  cannabis for cash!

So far there’s no comment from the federal government, that’s because in this country growing pot is legal (within limits).

The country is Spain!  Officials with the city of Rasquera, in Catalonia, have signed a deal that’s estimated to bring in U.S. $1.6 million to their local economy!

But it’s not just marijuana: ”The produce will only go to members of the association and it won’t all be cannabis. There will be crop rotation with cereal and sugar beet.”-Bernat Pellisa, Mayor of Rasquera

The deal will make Rasquera the largest legal pot growing area in all Europe!

Business/Economics, International, U.S.

World War 3: Protestors in Saudi Arabia blow up major oil pipeline. Get ready for higher gas prices!

Anti-U.S. demonstrators have blown up a major oil pipeline in Saudi Arabia.

The anti-U.S./Saudi regime movement has been building since the beginning of 2011, yet ignored by the mainstream U.S. media (which has focused only on Libya and Syria)!

The pipeline is near the city of Awamiyah (Al-Awamia).  The city has seen increased protests, and increased brutality by the pro-U.S. Saudi regime.  Yet, no mention by U.S. media, or U.S. officials!

Since the beginning of February 2012, dozens of protestors have been arrested, and several killed. Awamiyah is a port city, on the Persian Gulf.  It is a famous tomato growing area, but is surrounded by oil pipelines.  More than 2 million barrels of oil pass through the area everyday!

Business/Economics, International, U.S.

World War 3: Argentina sanctions Britain, U.K. demands explanation, Pink Floyd says give Falklands back to Argentina

“Falklands should be Argentinian.”-Roger Waters, Pink Floyd alumni

Argentina’s Industry Minister, Debora Giorgi, has asked Argentine businesses to voluntarily sanction U.K. businesses. At least 20 major companies in Argentina, have been asked to stop buying products from the United Kingdom.

Giorgi reportedly said Argentina no longer wants to do business with “colonial” powers.

The move is significant, because Argentina now accounts for U.S. $642 million worth of exports from Britain. The U.K. is also the sixth largest investor in Argentina. In other words, Argentina is hitting the British in their money belt.

Of course, the U.K.’s Foreign Office summoned Argentina’s charge d’affaires for “an explanation”.   And yes, this has everything to do with the Falklands/Malvinas Islands, where a potentially huge oil deposit was discovered (and U.S. oil companies want a piece of the action).

Business/Economics, International, U.S.

Conspiracy to Privatize: Too Big to Fail European Banks get huge cheap loans as Greece is hung out to dry

While European and IMF officials continue to string Greece along, regarding bailout loans, Europe’s too big to fail banks get billions in easy money!

The European Central Bank (ECB) has just issued the equivalent of U.S. $712.4 billion in cheap loans!  ECB officials said it is to help improve liquidity in the markets.  But the same would happen if Greece was given bailout loans!

This is the second time the ECB has issued cheap loans to too big to fail banks!  In December 2011, the ECB issued U.S. $657.9 billion at 1% interest.  Again, this while the ECB and the U.S. based IMF strung Greece along.

Many Greeks now believe what’s happening to their country is a conspiracy to force total privatization upon them.

Business/Economics, International, Technology, U.S.

World War 3: Japan threatens to cancel U.S. F-35 deal!

The controversial U.S. F-35 Joint Strike Fighter is once again causing problems.  This time Japan’s Defense Minister, Naoki Tanaka, said no deal if there were anymore cost overruns, or delays in the F-35 project.

Japan had tentatively agreed to purchase four of the multi-million dollar aircraft.  Currently each F-35 cost $123 million!

But, recently the Obama administration suggested that, in order to cut the Defense budget, development and production of the F-35 should be delayed.  The F-35 has already see numerous delays over the past decade, and seen costs skyrocket.

Japan has yet to sign a contract to buy the F-35, but officials said if the price of the F-35 goes up, or it’s delivery date is delayed, they will not sign any deal to buy it.