Centro Studi
Monetari
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News The
Monetary Self-emasculation Of The Italian Republic Through Private Seigniorage And Public Debt Once a national currency is
demonetized (that is, cut from any legal ties to tangible and
recognized forms of wealth--like gold, silver, etc), then the central bank can issue
unlimited sums of money which never create any liability or shortfalls
for the banks or the banks’ owners beyond the nation itself
(which assumes the liability for all of the bank notes issued by the
central banks). In the old days, when goldsmiths operated private banks
(and issued far more gold certificates than actual gold on deposit), a
run on a private bank could literally destroy the bank and bring on
enormous problems for the banker involved. However, with the
ownership of a central bank for a nation, all of these potential
difficulties are eliminated.
A run on a central bank may destroy the currency (the bank notes) of the country involved, but it almost never impacts upon the bank itself or its behind-the-scenes private owners. Ultimately, all of the (private) bank notes issued by the central bank are redeemable from the national wealth of the nation involved. In other words, the nation’s taxpayers assume the liability for all of the bank notes issued in the name of the nation. Thus, the personal bankers were able to reap all of the benefits of owning the currency (the bank notes), but were never subjected to any liabilities or shortfalls (all of which would be picked up by the national taxpayers). Obviously, this is the greatest scams of all time! This is why the Italian bankers resist (resistenza!) the true nationalisation of the Bank of Italy... It is questionable whether the present political system can survive the coming crisis. Solution: upon repossessing the national central bank, a government can emit interest free state notes (bliglietti di stato a corso legale) in discharge of all debts public and private.
Appuntamenti Attualità: non-solo-SCEC - CSM - Mainstream news - Archivio news 2005-2008 Petizioni Riassunto del sistema
- February 27
– March 1, 2009: Eighth Congress
of the U.S. Basic Income
Guarantee
Network, Sheraton New York Hotel, 811 Seventh Avenue at 53rd
Street.,
New York, NY - CALL FOR PAPERS AND PRESENTATIONS - Convegno Programmatico dei Pensionati Cattolici, movimento politico non ideologico finalizzato alla tutela sociale della Terza Età, sabato 7 febbraio 2009 dalle ore 10,00 alle 13,30 e dalle 15,00 alle 18,30 nel Vicariato di Roma, Casa Bonus Pastor, via Aurelia n. 208 (pianificano di adottare i buoni locali di solidarietà)
THE OPEN MONEY MANIFESTO 開
かれた通貨宣言 Manifesto
“Dinero Abierto” Manifeste
des Monnaies Libres
Call for the building of a European Network for Public Money Attualità di gennaio 2009  Non-solo-SCEC
Moneta Democratica: Promoting
flexicurity by adopting local currencyNote a: Tettamanzi, Stigliz e la terapia per la crisi - Prof.Valerio Selan, Eguaglianza e Libertà, 28/01/2009 "L'alternativa alla leva fiscale è il ricorso all'indebitamento sul mercato, creando "surrogati della moneta" [1] (quella legale è creata solo dalla Bce)[2]. Ciò potrebbe provocare una ripresa dell'inflazione [3]. Paradossalmente può sembrare una soluzione abbastanza indolore, anche perché avvantaggia i debitori [4] (in questo momento, banche, imprese e privati). Ma annacquando un cocktail mal fatto il gusto non migliora [5]. " 1] Falso. Le monete locali e complementari non creano indebitamento sul mercato, ma solo col tipografo... 2] Falso. Le monete metalliche in euro vengono emesse dagli stati, compresa S.Marino ed il Vaticano. L'euro contabile è creato direttamente dalle banche tramite aperture di credito, depositi a vista, etc. e rappresenta più del 90% di tutti gli euro in circolazione. 3] La Banca d'Italia esiste dal 1907. Negli anni venti un maestro elementare prendeva 50 lire al mese, corrispondenti oggi a 2,4 centesimi di euro. Chi è che - non POTREBBE ma CERTAMENTE - crea l'inflazione? 4] L'emissione di nuova moneta beneficia chi gode della rendita monetaria effettiva, normalmente chi la spende/presta per primo. 5] Il sistema della moneta complementare REGIO, in uso in Germania, è stato architettato da Bernard Lietaer, il creatore dell'ECU, già direttore della Banca Centrale del Belgio. In Svizzera esiste il WIR da 70 anni con risultati ormai storici. Esiste una proposta italiana che è ancora migliore. Per approfondimenti: La moneta copernicana Svizzera: La Banque Cantonale Vaudoise (BCV) sponsorizza lo SWAP e la SwapCard (1.020 soci) Le 24 Banche Cantonali sono istituti moderni e indipendenti, la cui gestione è fondata su principi di economia aziendale. Sono proprietà dei rispettivi cantoni, a seconda dei casi interamente o per una quota maggioritaria. Lo SWAP è la seconda moneta locale svizzera che gode del supporto bancario dopo il WIR, gestito dalla banca omonima. In Italia si potrebbe imitare l'esempio creando banche di proprietà regionale che accettino una valuta locale sulla falsariga dello SCEC, permettendo così di effettuare politiche monetarie regionali, senza intaccare i parametri del Trattato di Matrix. If the state can't save us, we need a licence to print our own money - George Monbiot, The Guardian, Tuesday 20 January 2009 It bypasses greedy banks. It recharges local economies. It's time to think seriously about an alternative currency Let people print their own money, says Guardian columnist - by Mark Frauenfelder, boingboing, January 20, 2009 George Monbiot, author of A Manifesto for a New World Order and Captive State: The Corporate Takeover of Britain, suggests that one way out of the economic slump is to let people print their own money Book: The Social Credit proposals: explained in 10 lessons and viewed in the light of the social doctrine of the Church; a study prepared by Alain Pilote on the occasion of the week of study that followed the Congress of the Pilgrims of Saint Michael in Rougemont, September 5-11, 2006 Lesson 1: The end of economics — to make goods join those who need them (page 6); Lesson 2: Poverty amidst plenty — The birth and death of money (page 15); Lesson 3: Banks create money as a debt (page 26); Lesson 4: The solution: debt-free money created by society (page 43); Lesson 5: The chronic shortage of purchasing power — The dividend (page 60); Lesson 6: Money and prices — The compensated discount (page 74); Lesson 7: The history of banking control in the United States, and famous quotes on money (page 85); Lesson 8: Social Credit is not a political party, but a sound and effective financial system (page 97); Lessons 9 and 10: Social Credit and the social doctrine of the Church (pages 113 and 127), which explain, among other things, the four basic principles of the social doctrine of the Catholic Church and the study of Social Credit by nine theologians). Livre: Les propositions du Crédit Social expliquées en 10 leçons et vues à la lumière de la doctrine sociale de l'Église. Étude préparée par Alain Pilote à l'occasion de la semaine d'étude ayant suivi le Congrès des Pèlerins de saint Michel à Rougemont, du 5 au 11 septembre 2006 Leçon 1: Le but de l’économie: faire les biens joindre ceux qui en ont besoin; Leçon 2: La pauvreté en face de l’abondance, la naissance de l’argent; Leçon 3: Les banques créent l’argent sous forme de dette; Leçon 4: La solution: un argent sans dette créé par la société; Leçon 5: Le manque chronique de pouvoir d’achat — Le dividende; Leçon 6: L’argent et les prix — l’escompte compensé; Leçon 7: L’histoire du contrôle bancaire aux Etats-Unis; Leçon 8: Le Crédit Social n’est pas un parti politique, mais une finance saine et efficace; Leçons 9 et 10: Le Crédit Social et la doctrine sociale de l’Église (qui expliquent, entre autres, les quatre principes de base de la doctrine sociale de l'Église catholique, et une étude du Crédit Social par neuf théologiens) Gli sceicchi di Napoli - di Gianni Beretta e Gianni Padlina, Radiotelevisione Svizzera, 17 gennaio 2009 Arriveranno anche in Abruzzo gli Scec - Manuela Rosa, PrimaDaNoi.it, 15/01/2009 International Journal of Community Currency Research, Volume 13 (2009): - Editorial Colin Williams Research Papers - Time for Each Other: Working Towards a Complementary Currency Model to Serve the Anti-Poverty Policies of the Municipality of Landgraaf, the Netherlands Miranda van Kuik - Change Takes Time: Exploring Structural and Developmental Issues of Time Banking Lee Gregory - The Impact of Community Currency Systems on Gender Relations in Rural Northeast Thailand: A Hybrid Social Audit – Gender Analysis Approach David Walker Book reviews - Stiansen Endre and Guyer Jane I. (1999) Credit, currencies and culture: African financial institutions in historical perspective Reviewed by Tite Ngoumou Money is dead - long live barter - John-Paul Flintoff, The Sunday Times, January 11, 2009 With cash ever harder to come by, will the council let us settle tax bills in cake? In exchanging networks all over the country, Jean-Paul Flintoff finds an alternative, cash-free economy springing into life Venezuela reinstates free home heating oil for poor in U.S. - By Tyler Bridges, McClatchy Newspapers, January 7, 2009 The Venezuelan government reversed course Wednesday, announcing that its U.S. oil subsidiary would continue to provide free home heating oil to poor Americans. People unable to pay their heating bills can call a toll-free hotline number, 1-877-JOE-4-OIL, as of Jan. 19 Gulf Cooperation Council to create new currency - January 01, 2009 Book: Richard Lander, Social Viability: don't fight the system, replace it, 2008 When we stop using the money provided to us by the corrupt and fraudulent Federal Reserve System, the financial and political systems they support will all go out of business. We keep the current banking, financial and political systems in place by using the money they provide for us. When we switch to an alternative currency, we will be free to build functional economic and social systems that will increase the standard of living for all productive people Alternative Currency - Excerpts of a Conversation between David Icke and Jon Rappoport, 1998 Basically what happens during a depression is that people who need work and services are disconnected from people who have the skills to provide those services simply because there is no piece of paper (money) to exchange between the parties. So what we need to do in our communities is work out schemes by which one person's contribution to another person can be rewarded. You can do that if you get together with a determination to do it CSM NEWS (Error in negotio: 30 milioni di conti correnti illegali in Italia?.)  Mortgage companies must have original
promissory note in order to foreclose in Pinellas County, Florida
- ADMINISTRATIVE ORDER NO.
2008-081 PA/PI-CIR, December 2008Filing of Initial Mortgage Foreclosure Complaint: An institutional mortgagee lender that after January 19, 2009, files a complaint to foreclose a mortgage on homestead property must provide the following to the Clerk of Circuit Court with the initial filing: (...) 3-b. Original Promissory Note (unless previously filed) Collateral Damage (Part 2): The Subprime Crisis and the Terrorist Attacks on September 11, 2001 - By E.P. Heidner, December 25, 2008 The U.S. Subprime and global financial crises of 2008 was the direct result of a covert monetary policy implemented by the U.S. financial institutional caretakers of the World War II Black Eagle Gold Fund. Major growth in this fund occurred in 1986 when the Reagan/Bush administration ousted Ferdinand Marcos and confiscated the Philippines holdings of Japanese pre-WWII treasury, buried in the Philippines due to the U.S. Naval blockade of Japanese ports. Not being able to publicly acknowledge the illegal confiscation of multiple national treasuries, U.S. officials and their banker-agents have released major portions of this fund to the money market...  Brain Worms and Brain Amoebas: They Do Exist - By Andrea Manzo, CalTech This may explain why government people are going to bailout the banks - the very same institutions that can create unlimited quantity of money out of thin air... Movimento Zero Napoli: Proposta di legge di Riforma monetaria Preso atto che, nel corrente sistema monetario e creditizio, la liquidità è creata per circa il 92% dalle banche, le quali la producono virtualmente senza copertura e a costo virtualmente nullo per sé stesse nell’atto stesso del concedere credito, realizzando in tal modo un incremento unilaterale del proprio patrimonio... FM 3-05.201. Special Forces Unconventional Warfare Operations, April 2003 - Wikileaks, January 27, 2009 FM 3-05.201 is current US military doctrine (policy) on the use of indigenous or surrogate forces to overthrow a foreign government and the use of sabotage, subversion, intelligence, extra-territorial abductions and similar activities O la banca o la vita, di Marco Saba - Le recensioni di Terranauta  United Kingdom AFM Vol 1 Part 10 Counter Insurgency Operations - March 2007, Army code 71749 The Seeds of Insurgency. The causes of insurgency lie in unfulfilled aspirations and what are perceived as legitimate grievances which may justify rebellion, or in other types of economic or social grievances, which may be manipulated by insurgents who are generally working to a different agenda for their own reasons. The causes may include: (...) c. Neo-colonialism; the control of key sectors of the economy by foreign business interests, or the presence of allied troops and their bases under the terms of an intervention or an unpopular treaty which offends national sentiment. d. Maladministration, corruption, discrimination and repression (normally the precursor for a failed state). e. Economic failure. Extremes of wealth and poverty, especially in countries where the upper and lower classes are of different ethnic origins. f. Unfulfilled expectations, particularly amongst the middle class and the intelligentsia of the population. It is here that expectations of an improved way of life are usually greatest. THE ROCKEFELLER PLAN (PART 4) - By Dennis L. Cuddy, NewsWithViews.com, January 26, 2009 Economia: Dalla (dé)rive gauche al naufragio - Vittorangelo Orati, Rinascita, 23 Gennaio 2009 Rogue Agents: Cercle Pinay Complex 1951-91 - Cryptome, January 22, 2009 Kleinwort Benson and other banking interests that... Stay Behind. A meeting of the PINAY CIRCLE was held over the weekend of 1st December 1979 in the Madison Hotel in Washington. Amongst the participants were former Minister NARJES (Germany), former Air Minister Julian AMERY (UK), former CIA Director William COLBY, Federal Bank Director VOLKERS and Heritage Trust Foundation President FEULNER (USA), as well as Finance Minister PANDOLFI (Italy) and General FRAZER (South Africa) THE KING ASSASSINATION: AFTER THREE DECADES, ANOTHER VERDICT - Christian Century, March 15, 2000 Hatred and fear of King deepened, Lawson said, in response to his plan to hold the Poor People's Campaign in Washington, D.C. King wanted to shut down the nation's capital in the spring of 1968 through massive civil disobedience until the government agreed to abolish poverty. King saw the Memphis sanitation workers' strike as the beginning of a nonviolent revolution that would redistribute income. "I have no doubt," Lawson said, "that the government viewed all this seriously enough to plan his assassination." Bulletin of the Friends of Associative Economics - January 2009 The Plutocrats - by an unworthy servant If you want to know why your government is 'desperately seeking to save the banks': “Half a dozen men at the top of the Big Five Banks could upset the whole fabric of government finance by refraining from renewing Treasury Bills” (The Financial Times, London, September 21, 1921). This is why it is so important that your government learn now how to emit Legal Tender State Bills (Biglietti di Stato a corso legale, United States Notes, etc.) What Social Science Can Tell Us About Social Change - by G. William Domhoff, March 2005 Book: Brooks Adams, The Law of Civilization and Decay: An Essay on History, Macmillan & co., ltd., 1896 The Economics of human energy in Brooks Adams, Ezra Pound, and Robert Theobald - John Whiting, London University, M.A. in Area Studies (United States), 1971 Robert Theobald is the only professional economist of the three. Although his model of a desirable economic system is quite different from Pound's, they share a common concern with equitable distribution and a belief that something other than greed can direct social policy Basel II - An Introduction - Corporate Finance and Accounting, January 20, 2009 Ribā in a New Get-up - E. Vawda, for Daarul Iftaa, 29 Ramadhān 1429 / 29 September 2008 A few days ago news broke that, in an unprecedented move, a large association of most of the senior Muftis of Pakistan issued a joint Fatwa declaring both the contemporary system of “Islamic” banking and “Islamic” television Haraam. Subsequently a learned friend wanted at least one sound reason for the former declaration. This very brief article is in response to that request L'Affaire des Affaires: l'argent invisible - mercredi 14 janvier 2009 C'est l'histoire d'un mec dont l'enquête sur une banque Luxembourgeoise (Clearstream) est relatée dans une BD en trois Tomes et qu'il co-signe avec Yan Lindindre et Laurent Astier. A lire  Un extrait sans équivoque du livre de Bernard Bertossa (la justice, les affaires, la corruption) qui sort chez Fayard - 14 janvier 2009 Bernard Bertossa , ancien procureur général de Genève, s'était fixé pour priorité la lutte contre la grande criminalité. Dans son dernier livre, publié chez Fayard, "La justice, les affaires, la corruption", il est question d'un petit journaliste aujourd'hui poursuivi par la banque des banques... ‘Assassination By Plane Crash’ Of Top American Bankers Fails In US - By: Sorcha Faal, January 16, 2009 FSB opinions on this new American policy, however, point out that to refuse such high officials the protections and security offered by their own private airline fleets is ‘insanity’ as it not only exposes these officials to assassination but poses the ‘greatest danger possible’ to all other ordinary people surrounding them when attacks such as this occur Friends of Eustace Mullins Society - Nov 11, 2008 This site's real hero is the revolutionary poet Ezra Weston Loomis Pound. It is because of Ezra's unwavering pursuit of truth and justice, at great personal sacrifice, that we have today the research and written blueprint available of how a small group of international bankers has taken over our small planet, and is currently in the process of solidification of its grasp, instigating the final steps of taking over our world. Pound advocated an abandonment of the current system of money being created by private bankers. He favored government issued currency with no interest to pay, preventing the need for an income tax and national debt, much like the system used by the Pennsylvania Colony from 1723 to 1764. Pound argued that his views on money aligned with those of Thomas Jefferson, as well as with Benjamin Franklin's Colonial Scrip Alfred Herrhausen: Terrorist Victim? - By Michael D. Morrissey, June 1990 The murder of Alfred Herrhausen, chairman of West Germany's Deutsche Bank, on November 30,1989, has been treated as an open-and-shut case by the media on both sides of the Atlantic. Alfred Herrhausen may have been a terrorist victim, as the media seem determined to have us believe (and now forget). The question is who are the terrorists?  HOW TO RESOLVE THE CREDIT CRISIS: CREDIT WHERE CREDIT IS DUE - Ellen Brown, January 11, 2009 Letter to the bank: "Dear Sirs, In light of recent developments, when you returned my check marked “insufficient funds,” were you referring to my funds or yours?" We the people and our representatives in Congress have allowed Wall Street to call the shots because we think we are dependent on their credit system, but we aren’t. There are other ways to get credit -- ways that are fair, efficient, transparent, and don’t encourage greed. Public credit could be generated by a system of public banks [Bretton Woods Connection] PEARL HARBOUR: THE REAL REASONS - Stephen Goodson One of the first acts of the U.S. occupation forces in Japan in September 1845 was to restructure the Japanese banking system so as to make it compliant with the norms of international bankers, i.e. USURY. The unrestricted financing of the state by the Bank of Japan was abolished and the large industrial combines, the zaibatsus, were dismantled. This policy was carried out by Joseph Dodge, a Detroit banker, who was financial adviser to the supreme Allied commander, General Douglas MacArthur. The reality is that World War 2 was fought to make the world safe for USURY, and to ensure the permanent enslavement of mankind through debt and interest (through the mechanism of public debt and private seigniorage) La Banca d'Italia e il Signoraggio - DANIELE CARCEA, Agenzia Radicale, 11 gennaio 2009 Nell'ottobre del 2005 il rettore della Bocconi affermava che: "...il patrimonio e le riserve della Banca d'Italia sono il frutto del Signoraggio pagato nel corso degli anni dai cittadini italiani e riscosso dalle autorità monetarie con la creazione di moneta. Appartengono alla collettività, non sono di proprietà delle banche"...  A “MISSOURI PLAN” TO CONTRACT THE DEBT BUBBLE - By Dr. Edwin Vieira, Jr., NewsWithViews.com, January 12, 2009 Self-evidently, inasmuch as Congress enjoys no power to emit “bills of credit” itself, it cannot delegate such a nonexistent power to the Department of the Treasury, let alone to a cartel of private banks headed by the Board of Governors of the Federal Reserve System. Second, even if Congress did enjoy a power to emit “bills of credit” itself, it could not delegate that power to a cartel composed of private banks The International (film) - to be released in North America on February 13, 2009 In The International, Interpol Agent Louis Salinger (Clive Owen) and Manhattan Assistant District Attorney Eleanor Whitman (Naomi Watts) are determined to bring to justice one of the world's most powerful banks. Uncovering illegal activities including money laundering, arms trading, and the destabilization of governments, Salinger and Whitman's investigation takes them from Berlin to Milan to New York and to Istanbul. Finding themselves in a high-stakes chase across the globe, their relentless tenacity puts their own lives at risk as the bank will stop at nothing - even murder - to continue financing terror and war. The International is based on an original screenplay written by Eric Singer, with director Tom Tykwer helming the film EXCERPTS RELATING TO THE COMMITTEE’S EXAMINATION OF MAJOR CLIFFORD HUGH DOUGLAS From April 24 to May 3, 1923 - Select Standing Committee on Credit and Commerce of the House of Commons, Canada, 1923 "Major Douglas, I have here a little booklet entitled, “Banks and Banking,” which was sent to the Members of Parliament with the compliments of the Bankers’ Association..." "...What I would like to put over against any criticism of the existing banking system is that it is possible to devise, without interfering with the management of the present banks, the management of industry, and without interfering with the daily habits of everybody, as we know them, it is possible to devise a scheme by which the general individual can get more purchasing power than he gets at the present time..." A meaningful stimulus for Main Street - By Ethan Pollack, EPI, October 22, 2008 Le misure più efficaci: buoni pasto, estensione del sussidio di disoccupazione a tutti i disoccupati, eliminazione delle trattenute, investimenti in infrastrutture THE SEPTEMBER 11 COMMISSION REPORT - Revised December 2008 It appears that contrary to what the U.S. Government has convinced the public, Muslim terrorists did attack the World Trade Center, but not for the purpose of jihad. These Muslim terrorists most likely were contract operatives working under the guidance of the Mossad and rogue U.S. intelligence operatives. Their objective was to bring to an end numerous U.S. investigations into secret Swiss bank accounts and Deutschebank transactions which would have exposed numerous criminal activities by the Russian Mafiya and the George HW Bush Sr. intelligence operations going back as far as 1991. Those investigations would have exposed: - illegal theft of national treasuries of Russia and the Philippines; - the use of heroin sales proceeds to fund covert intelligence operations in Central Asia (mostly in Azerbaijan, Chechnya, Georgia, Afghanistan, Kosovo, etc.); - illegal bribes to various Central Asian oligarchs from major corporate financial contributors to the Bush campaigns, as well as directly from George Bush Sr.; and - illegal gold and money laundering operations; and - Fraudulent Brady Bonds issued to Russian criminal oligarchs. These are the types of illegal activities that Sibel Edmonds identified as having been covered-up by a “National Security” block and Attorney General gag order imposed on her, and the activities independently confirmed by research of intelligence leaked to the public domain VIDEO: "Federal Reserve no more federal than Federal Express!" - by Rep. Dennis Kucinich, Global Research, January 10, 2009 Livre: LA COMMUNE, Louise MICHEL, 1898 Chorus call for New World Order: The return of the Trilateral undead - Patrick Wood, The August Review, January 9, 2009 In economic and financial desperation, leaders around the globe are openly calling for the creation of a "New World Order." The Trilateral Commission's original plan for a New World Order is rapidly coming to fruit. Many of the original cast of TC members are deceased, but a few remain... Henry Kissinger, Zbigniew Brzezinski and Paul Volker, for instance Bill Richardson - Kissinger-American - by Greg Palast, excerpted from Armed Madhouse, January 5, 2009 As community organizer Santiago told me: You take away people’s health insurance and you take their right to union pay scales and you take away their pensions-taking away their vote’s just one more on the list. Book: Shaykh Dr. Abdalqadir as-Sufi, TECHNIQUE OF THE COUP DE BANQUE, 2000 In 1931 the Italian Curzio Malaparte published in France his masterwork, Technique du Coup d'Etat. Malaparte exposed the machine nature of the state, and at the same time the ineffectiveness of convulsive changes in the leadership. In doing this he demonstrated the limits and the nihilism which characterise the modern state. Now that the sovereign state system has in turn collapsed leaving kafir society without the defining human factor, belief in God, and devoid of values, the kuffar are unable to free themselves from the new power system of bankism The Collapse of the Monetarist Society - by Shaykh Dr. Abdalqadir as-Sufi, 30/09/2008 The bland acceptance of the banking methodology – money ex nihilo – then interest on the loan – then trading in debts – in the end of the day has reduced the historicity of the Muslim masses to the level of the modern hindu masses at a Bollywood film festival. Usury has reduced Islam in Dubai to being a minority religion and its largest building not a mosque but a gambler’s private casino Book: Hervey Milton Cleckley, THE MASK OF SANITY, 1988 The high incidence of sociopathy in human society has a profound effect on the rest of us who must live on this planet, too, even those of us who have not been clinically traumatized. The individuals who constitute this 4 percent drain our relationships, our bank accounts, our accomplishments, our self-esteem, our very peace on earth Libro del mese: Ermanno Rea, L' ultima lezione. La solitudine di Federico Caffè scomparso e mai più ritrovato, Einaudi, 2008 Se la scomparsa dell'economista Federico Caffè rimane uno degli enigmi irrisolti della storia di questo paese, la lezione che ha lasciato sorprende per la sua desolata, illuminante attualità: «Al posto degli uomini abbiamo sostituito i numeri, e alla compassione nei confronti della sofferenza umana abbiamo sostituito l'assillo dei riequilibri contabili» Libro: La democrazia dei Grandi Vecchi - di Giuseppe D'Agostinis, lademocraziadeigrandivecchi.com, 2005 Interessante la parte che spiega i meccanismi della borsa italiana... Book: Capitalism 3.0 : a guide to reclaiming the commons, by Peter Barnes, 2006v 1917, 1 novembre: Tessera annonaria per il pane L'Amministrazione comunale di Bologna introduce la tessera annonaria di razionamento. Ogni cittadino ha diritto a 250 grammi di pane al giorno, a 90 di pasta e 40 di riso. Fissato per il 1 di agosto il provvedimento entra in effetti in vigore dal 1 novembre The Enemy Within the Empire: A SHORT HISTORY OF THE BANK OF ENGLAND - By ERIC D. BUTLER Most orthodox history that is crammed into the heads of our children is one long list of contradictions. There is no real background to our social development because the main underlying factors have been completely ignored. The part played by the money system in the growth of society has been tremendous; yet how many of our historians mention it? We teach our children about the development of the British Commonwealth of Nations, although the real basis of this growth has been either neglected of distorted, while the development of that powerful, private and anti-social institution, the Bank of England, is very rarely mentioned The Tragedy of Human Effort - By C. H. DOUGLAS, Notes for the address delivered at the Central Hall, Liverpool, on October 30th, 1936 How is it that in 1495 the labourer was able to maintain himself in a standard of living considerably higher, relatively to his generation, than that of the present time, with only 50 days' labour a year, whereas now millions are working in an age of marvelous machinery the whole year round, in an effort to maintain themselves and their families just above the line of destitution? Why is it that 150 years ago the percentage of the population which could be economically classed as of the middle and upper classes was two or three times that which it is at the present time? Why is it that while production per man-hour has risen 40 or 50 times at least in the past hundred years, the wages of the fully employed have risen only about four times, and the average wage of the employable is considerably less than four times that of a hundred years ago, measured in real commodities? How is it that the nations are given over to the dictatorship of men of gangster mentality, whose proper place is in a Borstal institution? Altre News - Gennaio 2009 (cosa succede ad una repubblica fondata sul lavoro quando sparisce il lavoro?) - WORLD ECONOMIC FORUM DAVOS-SWITZERLAND - the list of the "OFFICIALS" - 28 January-1 February 2009 Per l'Italia ci saranno Giulio Tremonti, Letizia Moratti, Emma Marcegaglia e Mario Draghi Florida, Maryland, Utah Banks Shut as Financial Crisis Deepens - Bloomberg, 31 Jan 2009 Banks in Florida, Maryland and Utah were closed yesterday as regulators wrapped up the busiest month for failures since the housing slump began in 2006. Ocala National Bank in Florida and Suburban Federal Savings Bank of Crofton, Maryland, were shut by federal regulators, according to statements sent by the Federal Deposit Insurance Corp. MagnetBank of Salt Lake City was seized by the Utah Department of Financial Institutions. The banks had total assets of $876.4 million and deposits of $790 million Dawn of new age of industrial unrest as wildcat strikes spread across UK - Elliott, Coates and Yeoman, The Times, January 31, 2009 Strikes at 19 sites over ‘British jobs for British workers’ Wall Street Gets the Boot - By Bill Bonner, The Daily Reckoning, 01/30/09 There is a report at CNN about a woman who lost her $80,000 a year job and then couldn’t find anything nearly as good. She’s earning less than a quarter that amount, working at some make-do employment. “I never imagined in a million years,” that something like this could happen to me, she said. Debt-Addled Coconuts on Gilligan’s Island - By The Mogambo Guru, 01/29/09 Mr. Hamilton is exactly right that a doubling of the monetary base in one year means “big inflation is coming; it’s already baked into the pipeline.” And if there is one thing that makes the prices of gold, silver and oil go up, it is inflation in prices! Whee! This investing stuff is easy! Time for a new world order: PM - Phillip Coorey, smh.com.au, 31 Jan 2009 Kevin Rudd has denounced the unfettered capitalism of the past three decades and called for a new era of "social capitalism" in which government intervention and regulation feature heavily. In an essay to be published next week, the Prime Minister is scathing of the neo-liberals who began refashioning the market system in the 1970s, and ultimately brought about the global financial crisis Obama Tells Putin US Ready To ‘Take Down’ Federal Reserve - By: Sorcha Faal, January 30, 2009 A startling report is circulation in the Kremlin today stating that President Obama’s top aide, and his only official representative at the Davos World Economic Summit, Valerie Jarrett, was instructed by the new American leader to ‘inform’ Prime Minister Putin that the United States is in its ‘final phases’ of ‘taking down’ the powerful private European banking systems known as the Federal Reserve System that has controlled the US economy since 1913 All Big US Banks Must Go to Fix Crisis: Economist - By: Kim Khan, CNBC.com, 30 Jan 2009 Institutions like Citi and Bank of America will have to go, boards will have to be fired and equity stakeholders will be wiped out, Rogoff told CNBC at Davos 'Jewish money' controls U.S.: African diplomat - AFP, January 29, 2009 Fatima Hajaig allegedly told a political rally two weeks ago in Johannesburg that Jews "control America, no matter which government comes into power, whether Republican or Democratic, whether Barack Obama or George Bush." "Their control of America, just like the control of most western countries, is in the hands of Jewish money," she allegedly said Meltdown Madness: The Human Costs of the Economic Crisis - By Nick Turse, TomDispatch, January 30, 2009 Across the US, people have been reacting to dire financial circumstances with extreme acts, including murder, suicide and suicide attempts, self-inflicted injury, bank robberies, flights from the law, and arson, as well as resistance to eviction and armed self-defense, says Nick Turse WHAT ABOUT BAILING OUT THE AMERICAN WORKER - By Dr. Laurie Roth, NewsWithViews.com, January 30, 2009  STRAGE BOLOGNA: 'SECOLO D'ITALIA', FORZA GABANELLI INDAGA SUL 2 AGOSTO '80 - Adnkronos, 31 gen. 2009 Pazienza: ''La Libia dietro alla strage di Bologna'' - Adnkronos, 30 gen. 2009 ''E' tutto descritto nel mio libro'', spiega Pazienza, che sottolinea anche: ''Non sono mai stato contiguo ad alcuna grande criminalità. Mai neppure interrogato come testimone o persona informata dei fatti ''. "Io, Gelli e la strage di Bologna" Ecco le verità della super-spia - di MILENA GABANELLI. La Repubblica, 30 gennaio 2009 Il personaggio. Dopo 13 anni di carcere parla Francesco Pazienza. L'uomo dei misteri d'Italia rivela: lingotti per aiutare Walesa  Vendere quando nessuno compra - di Irene Greguoli Venini, Yahoo!Finanza, 31 Gennaio 2009 Take Two, nel settore dell'abbigliamento, incoraggia il consumatore: la campagna del marchio per le nuova collezione ha come claim "Style never dies", e mostra due persone su una zattera in un mare in tempesta, riferendosi al fatto che chi sopravvive e rimane a galla anche se il mondo è alla deriva riuscirà a uscire vincente sempre Steep Slide in U.S. Economy as Unsold Goods Pile Up - By LOUIS UCHITELLE, NYT, January 30, 2009 Businesses are struggling as consumer spending falls at the sharpest rate since the mid-1970s. But freely distributing the purchasing power is the last thing they will do because it will empower the people instead of the usurers...  Kuwaiti bank reimburses Madoff losses - By Brooke Masters and Henny Sender, FT, January 29 2009 “Other banks should similarly acknowledge responsibility for investing their clients’ monies in Madoff’s fraudulent enterprise, and with the threat of reputational losses and litigation, we would not be surprised to see other banks doing right by their clients,” said Mark Gross, of the US-based Pomerantz law firm, which represents European and US clients who lost money to Mr Madoff’s operation Borsellino e il profumo di libertà - blog di Beppe Grillo, 29 Gennaio 2009 Genchi ha dimostrato che quel telecomando era nel castello Utveggio, dove c'era un centro del Sisde, i servizi segreti italiani, è da lì che è arrivato il comando che ha provocato la strage. California pension funds close to bankruptcy - By Kevin Martinez, 30 Jan 2009 The two largest pension funds in California, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS), have lost billions of dollars in value. Hundreds of thousands of retiring state employees and teachers now face the stark choice of accepting much reduced pension checks or working past their retirement age. World Bank Masterplan "to ensure a flexible public sector workforce": * Reduce Salary/Benefits * Reduce Pensions * Increase Work Hours * Reduce Job Stability * Reduce Employment CITGO-Venezuela Heating Oil Program Launched in Washington Metropolitan Area - 29 Jan 2009 The President of CITGO Petroleum Corporation, Alejandro Granado, Citizens Energy Chairman Joseph P. Kennedy II and representatives of the Embassy of the Bolivarian Republic of Venezuela in the United States launched the 2009 CITGO-Venezuela Heating Oil Program here today by making the inaugural delivery of free fuel to the Dorothy Day Catholic Worker House. Carried out in partnership by CITGO and Citizens Programs Corporation, the program has provided heating oil to more than one million people in need throughout the United States. [Thank you, President Chavez!] Decimoputzu ancora in rivolta - di Alberto Cossu, MovimentoZero, 29/01/2009 Le aziende agricole sarde coinvolte sono ben 5.400. In Sardegna le aziende interessate da procedure esecutive sono invece oltre 30 mila, cioè l’intero settore. Il governo ha concesso per adesso una proroga del blocco delle aste giudiziarie fino al luglio 2009; risultato misero, visto che già le altre proroghe erano state inutili e al loro termine, puntualmente riprendevano ogni volta le aste Hybrid or Hydra? Meet the New Bailout, Same as the Old Bailout - by Aaron Task, YahooFinance, Jan 30, 2009 With the financial system still in desperate need of repair, policymakers continue to rack their brains for possible solutions to dealing with the mountain of toxic debt on the banks' balance sheets. Meet the new bailout, which is essentially the same as the old bailout in that it continues to protect shareholders and existing management and the "sanctity" of private firms at the expense of taxpayers Semafori truffa: ecco cosa fare se si è stati multati. Pm: riunitevi in comitati - Il Messaggero, 30 gennaio 2009 «I cittadini si devono far rappresentare in collettività, altrimenti il processo non decollerà mai». E' l'appello del pm Ardito e i carabinieri della Compagnia di San Bonifacio nell'inchiesta sui semafori truffa che ha portato all'arresto del progettista dei T-Red, Stefano Arrighetti e a 109 indagati [zanza-landia] TRUFFA SEMAFORI: VERONA, OLTRE 100 INDAGATI PER "T-RED" - AGI, 29 gen. 2009 Debt has become a drug. Withdrawal will be painful - Dan Roberts, Guardian, 30 Jan 09 This week's reports showed how firmly the addiction had taken hold. We now have to build a new kind of economy. Much of what we thought was growth has turned out to be illusory. Not just because profits turned out to be losses, but because the financial engineering on which much wealth was based had lost touch with economic reality. The notional value of financial derivatives peaked at $863 trillion - 16 times the world economy's size French strikes: Violence erupts as thousands gather to protest on 'Black Thursday' - Telegraph, 30 Jan 2009 Hundreds of thousands of protesters marched through French cities, with violence erupting in some places, as part of a day of national strikes demanding pay rises and better protection for jobs. "Sarkozy gives money to the people who created this crisis, but what about the man in the street?" shouted Antoine Laurent, 20, a history student at the Sorbonne University. (Solution: "The Government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is in the Government's greatest creative opportunity. By the adoption of these principles...the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity." - Abraham Lincoln) Tigre Celtica addio eurozoo? - ENRICO FRANCESCHINI, la Repubblica, 26 Gennaio 2009 Se la Tigre Celtica, il soprannome guadagnato dal suo paese negli anni del prodigioso boom economico, aveva bisogno di un simbolo, lui sembrava perfetto. Ma l'altro giorno un colpo di rivoltella lo ha mandato in frantumi: mister Rocca si è suicidato, sparandosi alla testa, in pigiama, nel giardino della sua faraonica villa con piscina. La stampa locale sostiene che stava per essere rovinato dal crollo della Anglo Irish Bank OBAMA BEING USED AS A FALSE FRONT BY THE CROOKS - Christopher Story, 30 January 2009 This crisis is a SYSTEMIC FRAUDULENT FINANCE CRISIS first and foremost. All commentary and analyses that sidestep this reality are misleading and go nowhere. This message was explicitly repeated when the President addressed a powerful group of American businessmen on 28th January, when, illustrating that he has his priorities straight, he advised them that men and women are returning to their homes to confront their spouses with the news that they have been fired, as a specific consequence of the unfettered greed of Wall Street scamsters and plutocratic investors playing around with speculative leveraged Fraudulent Finance transactions, and of the behaviour of 'Washington'. No-one except the perpetrators and people who haven't woken up from their political prejudices dissents from this view, anywhere in the world - Rumors at the World Economic Forum in Davos - Switzerland, that appears a kind of a funeral event rather than a Forum, predict soon the resignation of FED Chairman Bernanke... To the lost children at Davos - Benjamin Fulford, 01/30/2009 It is looking increasingly likely many Western countries will have to come closer to revolution before the powers that be get the necessary sense of crisis needed to truly and fundamentally change how the planet is runIt is looking increasingly likely many Western countries will have to come closer to revolution before the powers that be get the necessary sense of crisis needed to truly and fundamentally change how the planet is run Gold rally fills vaults with bullion as bank stimulus increases - By Pham-Duy Nguyen and Nicholas Larkin, Bloomberg News, January 30, 2009 UNICREDIT/ Profumo: pronti ad aiuti di Stato. Rischiamo in Ucraina - Il Sussidiario, 29 gennaio 2009 «Il nostro più grande rischio è che uno degli stati dell'Europa orientale vada in bancarotta», dice poi l'amministratore delegato di Unicredit, rispondendo a una domanda sui maggiori rischi del gruppo legati alla presenza in Europa centro-orlentale. «Il primo - spiega - potrebbe essere l'Ucraina. Ma non si arriverà a tanto. Una bancarotta statale non sarebbe politicamente tollerata». (?) Riots in Iceland, Latvia and Bulgaria Are a Sign of Things to Come - Roger Boyes, The Times, January 21, 2009 Now in the grand sweep of the current crisis, a riot on a piece of volcanic rock in the North Atlantic may not seem to add up to much. But it is a sign of things to come: a new age of rebellion. The financial meltdown has become part of the real economy and is now beginning to shape real politics. More and more citizens on the edge of the global crisis are taking to the streets. Bulgaria has been gripped this month by its worst riots since 1997 when street power helped to topple a Socialist government ... Iceland, Bulgaria, Latvia: these are not natural protest cultures. Something is going amiss Dear Mr. President: Use Darpa To Rebuild Economy - Pedro L. Rustan, Aviation Week, Jan 15, 2009 OBAMA: TRILATERAL COMMISSION ENDGAME - By Patrick Wood, NewsWithViews.com, January 29, 2009 In short, Obama is merely the continuation of disastrous, non-American policies that have brought economic ruin upon us and the rest of the world. The Obama experience rivals that of Jimmy Carter, whose campaign slogan was "I will never lie to you." When the Democrat base finally realizes that it has been conned again, perhaps it will unleash a real political revolution that will oust Trilateral politicians, operatives and policies from the shores of our country Honest Money Bill - States Must Adopt - by Devvy Kidd, NewsWithViews.com, January 29, 2009 Even if you choose not to obtain an SSN, the IRS (courtesy of the craven parasites in Congress) will steal the fruits of your labor from your paycheck to fund the social security taxing scheme. In other words, participation in SS is voluntary, so you choose not to participate as is your right. But, Congress allows the IRS to steal your money via a federal tax to fund someone else's retirement. A Ponzi scheme. All done with a gun to your head. The classic example of indentured servitude Britain to suffer worst recession of any advanced nation, says IMF - By Andrew Porter, James Kirkup and Edmund Conway in Davos, Telegraph, 29 Jan 2009 Britain will suffer the worst recession of any advanced nation, the world's leading economic watchdog warned yesterday The game changer - George Soros, Financial Times, January 28, 2009 Convicted inside trader eyes global bailout on the back of the US taxpayer... A Professional Run On Banks Has Begun - By Bob Chapman, The International Forecaster, 1-29-9 "If you have CDs or funds in banks that exceed six months of operating expenses remove them immediately." Mahathir Mohamad: People Are Laughing at Western Banks’ Collapse - WSJ, January 28, 2009  Downloading Davos: Day Two - Times Online, January 29, 2009 Ladies and gentlemen, we have a winner. Bill Gates sweeps the Davos humour awards so far. Twitter tell me that he just gave this advice to the globe: "Try rebooting. If that doesn't work, it could be a driver problem." India's Legal Elite on Scandal, Innovation and Pressure for Reform - by Anthony Lin, Legal Week, 26/01/2009 Just days before their law firms respectively announced an alliance with a top London firm and took on the assignment of advising the company that has been dubbed "India's Enron," AZB & Partners managing partner Zia Mody and Amarchand & Mangaldas & Suresh A Shroff & Co managing partner Cyril Shroff appeared together on the Indian edition of CNBC. Their wide-ranging discussion covered the year past and what lies ahead for the Indian business and legal communities Latest Cost-cutting Measures: Starbucks Eliminates Coffee, Cups, Stir-thingies - Borowitz Report, January 28, 2009 When asked what Starbucks hoped would attract customers to their stores in the future, Ms. Foyler said, "We hope customers will see our stores as a place for the unemployed and/or homeless to come out of the cold and warm themselves over a scalding hot cup of water, as long as they bring the cup." ORMAI E' IMPOSSIBILE DISTINGUERE TRA GUERRA E TERRORISMO - di Michele Orsini, Opposta Direzione n, 9, Gennaio 2009 Exposed to Solvent, Worker Faces Hurdles - By Felicity Barringer, The New York Times, January 25, 2009 E. Donald Elliott, a Yale Law School professor said that simply being exposed to a risk in the workplace "should in itself be a compensable injury.... You don't have to prove you got the Parkinson's because of the exposure," Professor Elliott said. "From a policy standpoint, does it make sense for the entire burden of uncertainty or unknown science to fall on the injured parties rather than falling on the business or industry involved?" Caso Madoff, JPMorgan si salva i clienti no - di Claudio Gattie e Diana Henriques, IlSole24Ore, 29 gennaio 2009 Meno di tre mesi prima dell'arresto di Madoff, la banca newyorkese ha ritirato i propri capitali dai due fondi, mettendo al sicuro i soldi alla vigilia del crollo della gigantesca catena di Sant'Antonio messa in piedi dall'ex presidente del Nasdaq. La banca non ha mai informato gli investitori della sua mossa e alcuni di loro sono oggi infuriati per il fatto di essere stati lasciati con certificati che la banca dice essere privi di valore US heads of industry strategise to keep unions down under Obama - Wikileaks, Jan 28, 2009 On 27 Jan 2008, the Huffington Post ran a story by Sam Stein titled "Bailout Recipients Hosted Call To Defeat Key Labor Bill". Wikileaks has released a secret hour long telephone recording between US heads of industry discussing efforts to prevent the emancipation of unions under an Obama administration Russian Prime Minister Putin urges end to dollar's stranglehold - By Ambrose Evans-Pritchard, The Telegraph, January 28, 2009 Mr Putin said: "We are witnessing a truly global crisis. The speed of developments beats every record, and the strategic difference from the Great Depression is that under globalisation this touches everyone. This has multiplied the destructive force. It looks exactly like the perfect storm." The Soviet Union avoided depression in the 1930s due to its totally closed autarkic system Fed keeps rates at zero and prepares to monetize debt - By Craig Torres, Bloomberg News, January 28, 2009 The Federal Reserve left the benchmark interest rate as low as zero and said it's prepared to purchase longer-term Treasury securities to resuscitate lending and the economy Dennis Kucinich Takes An Hour To Explain Our Current Economic Situation (video) - C-SPAN, January 26, 2009 Dennis Kucinich States His Intention To Put The Federal Reserve Under Government Control (video) - C-SPAN, January 26, 2009 Les experts judiciaires réclament un retour de valeurs dans le holding Fortis spolié - L'Investigateur, 27/01/2009 Halliburton Will Settle KBR Suit for $559 Million - By Dana Hedgpeth, Washington Post, 27 Jan 2009 Halliburton, the huge oil services company in Houston, said yesterday that it has agreed to pay $559 million to settle corruption charges with the U.S. government linked to its former subsidiary KBR. Halliburton said it will pay $382 million on behalf of KBR over the next two years to the Department of Justice and will pay another $177 million to the Securities and Exchange Commission 86 telephone intercepts of Peruvian politicians involved in the "Petrogate" corruption scandal - Wikileaks, Jan 28, 2009 AIG utive Sentenced to 4 Years in Prison for Fraud - Susan Haigh, The Associated Press, January 28, 2009 A former utive of American International Group was sentenced to four years in prison Tuesday in a fraud case that authorities say cost shareholders more than $500 million. Christian Milton, AIG's vice president of reinsurance from 1982 to 2005, was convicted last year of conspiracy, securities fraud, mail fraud and making false statements to the SEC. The investigation also led to the convictions of four General Re utives for their roles in manipulating AIG's financial statements The 15% one-week fall in Obama support: the beginning of the end for the illuminati - Benjamin Fulford, 28 January 2009 If the illuminati do not hurry up and drop their arrogant attitude they will find themselves hung from lamp-posts by unruly mobs Troubled Times Bring Mini-Madoffs to Light - By LESLIE WAYNE, NYTimes, January 27, 2009 The number of other people who have been caught running Ponzi schemes in recent weeks is adding up quickly, so much so that they have earned themselves a nickname: mini-Madoffs Bad News For Those Who Like Food - By The Mogambo Guru, The Daily Reckoning, 01/27/09 And if inflation is actually so low, then why did NYTimes.com have the headline “Cost of Borrowing Zooms Up for Corporations”, which is apparently understating it, as “Even companies with strong credit ratings are paying about 5 percentage points more than the federal government to borrow money, according to Standard & Poor’s. That is more than double the premium they paid last January. Companies with so-called junk credit ratings are paying a 15 percent premium.” Endemic Legalized Corruption - By Dave Gonigam, The Daily Reckoning, 01/27/09 Why wouldn’t I think it was Hank when I read the news this morning that Citi used some of its TARP money to buy a $50 million corporate jet ? Or when I read Eric Fry’s deconstruction of Merrill’s decision to pay out $4 billion of TARP money as bonuses? Or when I deduced last week that some of that TARP money has been effectively recycled as contributions to the new president’s inaugural committee? [Economic euthanasia] US man 'shoots wife and children' - BBC News, 27 January 2009 In the fax sent to KABC-TV, the man allegedly claimed he and his wife had been fired from jobs as medical technicians and she suggested they kill their children and themselves. "We have no job and five children under eight years old with no place to go. So here we are," the fax continued Barclays boss pulls out of Davos - BBC News, 27 January 2009 Bob Diamond, president of Barclays Bank and head of its investment banking arm, has become the latest banker to decide not to go to the World Economic Forum Key senator says "bad bank" must be considered - Reuters, Jan 27, 2009 "The bad bank is something we have to consider," Sen. Jack Reed, chairman of the Senate Banking Subcommittee on Securities, Insurance and Investment, told reporters after a speech to the Council of Institutional Investors in Washington UN crime chief says drug money flowed into banks - Reuters, Jan 25, 2009 The United Nations Office on Drugs and Crime had found evidence that "interbank loans were funded by money that originated from drug trade and other illegal activities," Costa was quoted as saying. There were "signs that some banks were rescued in that way." Mobile phone oligarch flees Russia for new life in Britain - Luke Harding in Moscow, The Guardian, 27 January 2009 Russia issues warrant for Chichvarkin's arrest. Businessman accused of kidnapping and blackmail. The 34-year-old tycoon joins a growing list of rich Russians who, faced with the prospect of prison, have decided to relocate to the UK (in short: you must face prison to decide to relocate to the UK?) First Federal Bank of CA Issued Cease & Desist - ml-implode.com, 2009-01-27 A Cease & Desist order from the Office of Thrift Supervision (OTS) was issued to First Federal Bank of California on 2009-01-26 citing the bank for engaging in "unsafe or unsound practices, which have resulted in inadequate asset quality, earnings, liquidity planning and capital levels." Since late 2006: 324 major U.S. lending operations have "imploded" Davos confronted by peak of distrust - Financial Times, Jan 26 2009 As the World Economic Forum opens, polls reveal a massive loss of faith in those who will be addressing the world’s troubles Week of mass strikes set to paralyse France in protest against Sarkozy's reforms - Angelique Chrisafis, The Guardian, Tuesday 27 January 2009 "Black Thursday" is the first general strike since the French president's election in 2007. All the leading unions have joined forces to protest that the government's stimulus plans should focus less on companies and more on workers' job-protection and purchasing power The Next Catastrophe - Jon Entine, Reason, February 2009 Think Fannie Mae and Freddie Mac were a politicized financial disaster? Just wait until pension funds implode. Another aspect of the coming civil war Resistance to Housing Foreclosures Spreads Across the Land - By Ben Ehrenreich, The Nation. Posted January 23, 2009 "The small home-owners of the United States are organizing," Steele concluded, "tardily perhaps, but none the less surely." It wasn't just homeowners -- three months earlier the governor of Iowa had called out the National Guard after farmers stormed a courthouse and threatened to hang the judge if he didn't stop issuing foreclosures Nations turn to barter deals to secure food - By Javier Blas, Financial Times, January 26 2009 Countries struggling to secure credit have resorted to barter and secretive government-to-government deals to buy food, with some contracts worth hundreds of millions of dollars FBI: Long Island Investment Firm Boss Surrenders - The Associated Press, January 27, 2009 The owner of a Long Island, N.Y., investment firm accused of cheating people out of more than $100 million is expected to appear in court Tuesday. FBI spokesman Jim Margolin says Nicholas Cosmo surrendered at a U.S. Postal Inspection Service office in Hicksville, N.Y., on Monday night. Cosmo, who runs Agape World Inc. in Hauppauge, N.Y., is accused of taking in $300 million from investors and cheating them out of about $140 million Madman Across The Water? - By: Theodore Butler, 26 January, 2009 4 traders hold two-thirds of all the true short positions on the COMEX. That such a concentration equals a control on price should be beyond question. If these four shorts were forced to cover their positions and had to be replaced by many sellers motivated by free market prices, the price would need to double or triple or quadruple. That’s the key question in any manipulation - what would the price of an item be, higher or lower, if the manipulators were removed from the market? A VERY REAL NEW WORLD ORDER - By Pastor Chuck Baldwin, NewsWithViews.com, January 27, 2009 This is an area--perhaps the central area--where liberals and conservatives agree: they both show no patience or tolerance for anyone who believes that global government (in any form) is evolving. One has to wonder how otherwise intelligent and thoughtful people can be so brain dead when it comes to this issue. It makes one wonder who is really pulling their strings, doesn't it? Bini Smaghi, tasso zero non risolve - ANSA, 27 Gennaio 2009 [American dream] 93 Year Old Michigan Man Froze To Death Inside Home - AP, Jan 26, 2009 Officials in central Michigan say a 93-year-old man who owned more than $1,000 in unpaid electric bills froze to death inside his home -- where the municipal power company had restricted his use of electricity Dubai: The end of "world headquarters"? - Cryptome, 24 January 2009 A hot tip from within the international intelligence community: "Dubai is a giant ponzi scheme that will make Bernie Madoff look like small change. Many rich and famous people will lose a major packet." Time for a Social Movement to Nationalize U.S. Banks - by Eric Sommer, Global Research, January 26, 2009 Resistance to foreclosures; outrage at massive give-aways to the banks and finance companies; awareness that present policies do not work, and terrible suffering occasioned by unemployment and home loss; have all laid the basis for a 'Nationalize the banks' movement. It's time for groups organizing around unemployment issues, anti-poverty issues, anti-foreclosure issues, and trade union issues to come together under a new banner: Nationalize the Banks Job losses mount as downturn steepens - The Times, January 27, 2009 Over 71,400 workers axed across the world IN JUST ONE DAY. Will people revolt BEFORE they starve? Lehman Brothers' Richard Fuld 'sold' mansion to wife for $100 Florida home of Richard Fuld - Christine Seib, The Times, January 27, 2009 The disgraced chief executive of Lehman Brothers transferred ownership of a $14 million Florida mansion to his wife for $100 in a possible attempt to move assets beyond the reach of infuriated investors of the collapsed bank Credit crunch claims Iceland government after 'Household Revolution' - Catherine Philp, The Times, 27 Jan 2009 The global economic crisis claimed its first government yesterday when Iceland's ruling coalition collapsed amid a cacophony of popular protest. The Government of Geir Haarde, the Prime Minister, resigned en masse after days of mounting anger over the country's financial meltdown. The protests, which began peacefully after the nationalisation and overnight bankruptcy of Iceland's three main banks, turned violent last week with the nation experiencing its 'worst' riots in 60 years  PELOSI PUSHES CONTRACEPTION "FOR THE ECONOMY" - JAPAN SAYS "GO HOME AND MAKE BABIES" - Posted By: TheMythSmith, RMNews, 26 January 2009 WORLD ECONOMIC FORUM DAVOS-SWITZERLAND - the list of the "OFFICIALS" - Posted By: gigi, RMNews, 26 January 2009 They will produce nothing but enjoy Swiss Hospitality and big Parties Revealed: Day the banks were just three hours from collapse - By Glen Owen, Daily Mail, 24th January 2009 The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals L'Fmi rivede al ribasso le stime: "Pil Italia negativo anche nel 2010" - La Repubblica, 26 gennaio 2009 Nelle bozze del World Economic Outlook , "crescita mondiale più bassa dal '45". Situazione critica: "Servono nuovi interventi dei governi e delle autorità monetarie" (Seigniorage: A government can live by this means when it can live by no other - Keynes, 1923)  Is it safe to be out in the Square Mile? - The Independent, 25 January 2009 Ashley Steel (KPMG), the City's one openly lesbian board member, talks to Simon Evans about overcoming entrenched views. "It's a real shame that so many gay people working in the City still feel that they cannot come out," says Steel (la domanda è: chi non può avere progenie ma ha in mano il potere del mondo, in che misura terrà conto degli interessi delle future generazioni nelle sue scelte? Questo è un altro motivo in più per democratizzare subito il meccanismo d'emissione della moneta e del credito. La stessa osservazione vale, ad esempio, per gli scienziati nucleari gay che stabiliscono arbitrariamente una soglia di pericolosità delle radiazioni che, si sa, tra l'altro, colpiscono il patrimonio genetico delle generazioni future . Il discorso potrà suonare antipatico ma chiunque abbia dei figli ne coglierà al volo l'importanza. Meglio usare il principio di precauzione) Antitrust: "Nel settore finanziario intrecci governance all'80%" - La Repubblica, 10 gennaio 2009 L'Autorità garante della concorrenza ha concluso l'indagine conoscitiva su banche, assicurazioni e sgw. Dai risultati emergono gravi anomalie GUESS WHO'S COMING TO DINNER, OR WHAT'S BETTER THAN ZERO INTEREST RATE? - UrbanSurvival, 26 January 2009 Baby Boomer life savings have been stolen by economics-challenged leadership clinging to a system that has destroyed 95% of the dollar’s purchasing power since the Federal Reserve (which is really neither) bankjacked the Constitutional money creation role from Congress back in 1913. The result has been a quiet round of justification of ‘inflation targeting‘; something akin to tacit agreement among the rich on how fast the elite want to steal purchasing power from the poor Claims are shocking, says Lords' leader - Press Association, 26 January 2009 Lady Royall was holding meetings today with the peers caught up in the row. They are alleged to have asked for as much as £120,000 to help secure amendments to a Government bill on behalf of a business client. House of Lords rules ban paid advocacy. As well as Lord Taylor of Blackburn and Lord Snape, the Sunday Times also named Lord Truscott and Lord Moonie. All of them deny any wrongdoing Margareta Pagano: Is the IMF the only answer for a bankrupt Britain? - The Independent, 25 January 2009 It wasn't just the ghastly economic numbers that poured out on a daily basis beside the almost hourly list of job losses. We all knew we were in recession and we all know that sterling is being hammered in the markets. More worrying was the smell of fear; perfectly normal people with relatively safe jobs were asking me whether they should take their money out of the banks while the banks were admitting they didn't have a clue how big their potential losses would be Fed up companies plan to launch their own lender - The Independent, 25 January 2009 City law firm Taylor Wessing is believed to be working on a plan to create a bank backed by six leading UK listed corporates disenchanted with the failing lending institutions in the Square Mile Britain is facing return of three-day week - By Jane Merrick, Brian Brady and Cole Moreton, The Independent, 25 January 2009 Shorter hours would be preferable to mass unemployment, say government sources 25 OR 99 YEARS' JAIL FOR ARRESTED FRB-NY OFFICIAL - Christopher Story, 25 January 2009 Robert Armenta, Senior Compliance Officer, Federal Reserve Bank of New York. Mr Stuart Levey, as an ally of the former US Treasury Secretary, Henry M. Paulson, Jr., is continuing the policy of waging economic terrorism against the United States and the world Mai smettere di nuotare - Antonio Di Pietro, 24 Gennaio 2009 I PERICOLI DEL BUCO NERO DELLA FINANZA - di Alfonso Tuor, Wall Street Italia, 23 Gennaio 2009 Siamo prossimi ad un nuovo peggioramento della crisi, in cui il «buco nero» della finanza rischia di risucchiare tutto e tutti Why An A**Hole is Always in Charge - Greg Palast for SuicideGirls.com, January 25, 2009 John Thain is the guy that looks like a Clark Kent doll you saw grinning from page one of your paper Friday morning. Thain was just fired by Bank of America because the square-jawed executive demanded a $30 million bonus after losing $5 billion in just three months at the bank's Merrill Lynch unit. In addition, Thain spent over a million dollars redecorating his office - including installation of a $35,000 toilet bowl - while the U.S. Treasury was bailing out his company GREAT DEPRESSION IS WRONG MODEL FOR BAILOUT - By Jack H. Swift, Esq., NewsWithViews.com, January 26, 2009 The original bailout attempt was to expand credit availability by providing banks and financial institutions with more money. This was simply false analysis of the problem. Banks have an almost infinite capacity under the Federal Reserve to create money. All they need do is write a loan. For the consumption stimulation strategy to work, it is not expanded credit availability that is needed. There must be an expansion of the general public’s capacity to take on new debt. Something they cannot do under the service obligations of their current debt [Sem Terra] Changing times for Brazil's landless - By Gary Duffy, BBC News, 23 January 2009 Agrarian reform is a divisive issue in Brazil, which is still said to have one of the highest levels of inequality of land distribution in the world. While new official figures are hard to come by, one leading analyst says that 10% of the largest farmers still hold about 85% of the land Chinese Ministry Denies Geithner's Currency Claims - By Ian Johnson and Shen Hong, The Wall Street Journal, January 24, 2009 U.S. is the currency manipulator, Chinese official says. The difference between the two countries is that China retained the monetary national sovereignty while the US surrendered it to the international banking families.... (the shadowly owners of the Federal Reserve) Silver investigation: Stakes are enormous - Gata.org, January 24, 2009 Canada's 75 Billion Dollar Bank Bailout - by Michel Chossudovsky, Global Research, January 25, 2009 While the bank bailout is a component of government expenditure, it does not constitute a positive spending injection into the real economy. Quite the opposite. The bailout is a handout to the banks. It contributes to financing the restructuring of the banking system leading to a massive concentration of wealth and centralization of banking power GEITNER ACCUSED OF LYING ABOUT TAX CHEATING - By Cliff Kincaid, NewsWithViews.com, January 25, 2009 Geithner not only got caught cheating on his taxes, he is now being accused of lying about his cheating during his confirmation hearing when he attempted to blame the problem on his TurboTax computer software program IS MEXICO ON THE PRECIPICE OF DISINTEGRATION? - By Michael Cutler, NewsWithViews.com, January 25, 2009 The Bank of America which led the charge to accept the Matricula Consular cards issued by the government of Mexico, is one of the banks in deepest trouble and has already gone back to the trough for more bailout money. They provided money to people who could not provide positive proof of their identities. If you cannot prove your identity, how in blazes could any bank or other financial institution assess your credit worthiness? The American Lunatic Asylum - by Sherwood Ross, Global Research, January 24, 2009 Americans have repeatedly subscribed to policies of aggressive war based on lies and delusions engineered by their own thief executives. An Obama presidency will not restore peace unless such falsehoods are first exposed and expunged from the American psyche. Time to open the asylum’s doors and windows and let in the fresh air and sunshine Chinese puzzle makes blue-blood Rothschilds see red - by Paul Betts, Financial Times, 2009-01-22 It was the Chinese bank that appears to have insisted in taking a direct stake in the Compagnie Financière to underpin its banking alliance with the Rothschilds. Indeed, Benjamin de Rothschild, the French bank's controlling shareholder, was not keen to see his stake diluted too heavily and persuaded Quebec's Caisse de Dépôt et Placement to sell its 10 per cent stake in the Compagnie Financière. Even more puzzling was the warm welcome given by the Chinese banking regulator to Rothschild managers when they visited China before Christmas. The regulator apparently told them he considered the accord exemplary. But he has not formally approved it... [hara-kiri] UK: 'Stealth tax' on recession victims - By Nigel Morris, Chris Green and Ben Russell, The Independent, 24 January 2009 Ministers impose huge rise in court fees for those on brink of bankruptcy. Charges are to rise by up to 233 per cent for debt proceedings from next May, affecting hundreds of thousands of people who plunge into the red "Bad Bank", Bad News: Another miserable failure in the making - by Andrew Hughes, Global Research, January 22, 2009 The emphasis on getting credit flowing again for car loans, consumer credit and mortgages ony serves to aggravate the basic problem that these pundits seem to be ignoring; Consumers are flat broke and overindebted as it is, they don't need more debt; they need more money Collapsing States can't pay UNEMPLOYMENT INSURANCE! People STARVING! - January 23, 2009 US: Regulators Shut 3rd Bank Of The Year: 1st Centennial Bank - January 23rd, 2009 Japan: Taro Aso gives Japanese £100 each to spend way out of recession - The Times, January 24, 2009 The Times criticize the move because it could interfere with the selection process that is making a zombie predator out of any surviving human being. We only hope that they wouldn't use the new money to buy newspapers... Ireland: Dáil Éireann Remembered on the Mansion House Roof - eirigi.org, 20/01/09 “The charging of these two young men with the criminal charge of trespass is laughable. It is clear that the Gardaí are smarting with embarrassment following the éirígí action. It is highly ironic, given the anniversary in question, that those who dare to highlight the reality of the ongoing British occupation are arrested and charged, while those who support the occupation are lauded and praised.” Broke - By: Adrian Ash, BullionVault, 23 January 2009 Defending bank savers against bank default means using bank savings as their own guarantee. Because where else will the money come from? Now the risk of default stands so plainly in front of the entire industrialized world, it sure won't come from that rare beast known as banking-stock shareholders... THE 11TH PRESIDENT OF THE UNITED STATES - Fidel Castro Ruz, CubaDebate, 2009-01-22 This past Tuesday January 20, 2009, Barack Obama took on the leadership of the empire as the 11th President of the United States since the victory of the Cuban Revolution on January 1959 Eurozone companies slash jobs as recession bites - By Ralph Atkins in Frankfurt, FT, January 23 2009 The eurozone’s plunge into deep recession is leading companies to slash jobs at an ever faster rate even though the speed of the downturn has eased, a closely-watched survey has shown The Economic Pearl Harbor: The Alarm Bells have been Sounded - by Matthias Chang, Global Research, January 23, 2009 It is now widely held that President Roosevelt had received advance warnings about the Japanese attack on December 7, 1941. But the intelligence never reached the US Fleet and the ensuing anger and outrage compelled what was once a reluctant public to join the British induced war against Germany CODE RED - Economy in Collapse Drastic Actions Will Be Taken - Trends Research Institute, 1-23-9 Comparing Main Street's financial missteps to the large scale corruption and criminality of the banks, brokers, insurance companies, hedge fund operators, mortgage companies, rating agencies and buyout firms that cooked the books, enriched executives, ripped off clients and rigged the numbers, is further evidence that Obama is a Wall Street man The heat is on: Iceland's government is on the point of collapse as angry protesters stake out the parliament in Reykjavik - Eirikur Bergmann, guardian.co.uk, 21 January 2009 The governor of the central bank blames the risk-seeking bankers, the bankers blame the government and the prime minister attributes the whole crisis to the international credit crunch. This lack of any sense of responsibility has angered the Icelandic public to the extent that they have turned to the streets in greater numbers than ever before. Now ordinary Icelanders are determined to take their country back Card Processor Admits to Large Data Breach - By Kim Zetter, Wired, January 20, 2009 Heartland payment systems, a large credit card processing company, was breached in an attack late last year that may have compromised more than 100 million accounts [book cooking] Government Regulators Aided IndyMac Cover-Up, Maybe Others - By BRIAN ROSS, JUSTIN ROOD, and JOSEPH RHEE, abcNews, Jan. 16, 2009 A brewing fraud scandal at the Treasury Department may be worse than officials originally thought. Investigators probing how Treasury regulators allowed a bank to falsify financial records hiding its ill health have found at least three other instances of similar apparent fraud, sources tell ABC News Shining Your Bank Account with a Liquidity Buffer - by The Mogambo Guru, The Daily Reckoning, 01/22/09 Since the beginning of 2001, gold has averaged a better than 16% annual gain vs. the U.S. dollar, 11% vs. the euro, and 17% vs. sterling Golden Eggs in the Hard Times Cafe - by The Mogambo Guru, The Daily Reckoning, 01/21/09 I am thinking that I ought to send GATA a congratulatory note, at least, for all the work they've done over the years to expose the depths of corruption to which the federal government, the Federal Reserve, the International Monetary Fund, the World Bank, the European Central Bank, scads of intermediaries that I don't even know about and whole swaths of grubby people so willingly sink Running & Ruining America For the Benefit of China - By Cliff Kincaid, NewsWithViews.com, January 23, 2009 On CNN on January 16, Lou Dobbs, perhaps the most honest and outspoken major media commentator, told the truth about the Wall Street bailout. “Treasury Secretary Paulson basically used the money to bail out his buddies on Wall Street, and don’t let anybody kid you,” he said Solar power a strong contender - By Stewart Taggart, ScienceAllert, 23 January 2009 NREL believes CSP prices will halve again in coming years due to R&D gains, economies of scale in manufacturing and larger plant sizes. That, in turn, should bring prices down to about US5c/kwh. Not even the most delusional bull on carbon capture (where they just guess on costs) or nuclear (where they ignore nuclear waste and decommissioning costs) believes either can beat that 5c/kwh price of solar Great Britain- The “Rust Belt” of Global Finance - The Market Oracle, 2009 Jan 23, 2009 Martin Hutchinson writes: Think about Michigan or about Ohio's Mahoning Valley in the 1980s. Both were famous for industries that were world leaders in their time. Yet, once those industries decayed, large parts of both areas became wastelands of home foreclosures, crime and alcoholism. The decline of the global financial services industry from its unsustainable 2006 peak may produce a similar effect in a once economically thriving country – Britain Lloyds to Forfeit $350 Million in Sanctions Probe - Joe Palazzolo, Legal Times, January 12, 2009 From 1995 to 2007, Lloyds' offices in Britain and Dubai falsified outgoing U.S. wire transfers in order to evade U.S. economic sanctions imposed on foreign countries, the DOJ said Justice After Bush: Prosecuting An Outlaw Administration - By Scott Horton, Harper's Magazine, December 1, 2008 Yes, democracy requires accountability or it isn't democracy. Open criminality is a cancer on democracy. It implicates all who know of the conduct and fail to act. Such complicity presents a practical crisis because a government that is allowed to torture will inevitably transgress other legal limits. But it also presents an existential political crisis. Many democracies have simply collapsed as the people permitted their leaders to abandon the rule of law in the face of alleged external threats  San Marino: “Segreto bancario nella Costituzione” - Carlo Pelanda, SanMarinoNotizie.com, 23 Gennaio 2009 "Se io ne fossi capitano denuncerei unilateralmente il Trattato con l’Italia, formerei una milizia, e ne negozierei un altro direttamente con l’Ue. Invocherei lo stesso status di piazza finanziaria del Lussemburgo e Liechtenstein. Riprenderei la sovranità monetaria, non entrerei nell’euro, e stamperei dollari sammarinesi mettendo in Costituzione il segreto bancario’” Derivati Comune di Milano: Moratti, avviata azione civile contro banche - Yahoo! Finanza, 23 Gennaio 2009 Il Sindaco, Letizia Moratti, fa sapere che oggi, con una delibera della Giunta e con il patrocinio degli avvocati, Giuseppe Lombardi, Carlo Federico Grosso, Lotario Dittrich e Maria Rita Surano (per l'avvocatura comunale), il Comune di Milano ha avviato un'azione giudiziaria civile presso il Tribunale di Milano nei confronti di Jp Morgan Securities ltd, Jp Morgan Chase Bank na., Depfa Bank plc, Ubs ltd, Ubs Italia Sim spa e Deutsche Bank ag Allarme della Bce: la recessione sarà grave e durerà a lungo - Radio Vaticana, 22/01/2009 Gheddafi ha dichiarato che Tripoli e altri Paesi stanno valutando il ricorso alla nazionalizzazione delle società petrolifiche straniere The Inauguration: What’s at Stake - Elizabeth DiNovella, The Progressive, January 22, 2009 “It’s no wonder that Wall Street is pouring so much money into this inauguration,” said David Arkush, director of Public Citizen’s Congress Watch division. “The executive branch has given bailouts worth trillions of dollars to Wall Street firms and is considering trillions more. Wall Street has a lot at stake.” Some more responsible than others for economic crisis - By Jose A. Garcia, The Progressive, January 21, 2009 Those who caused this current crisis owe a special obligation to make amends. And lax government enforcement, which allowed the crisis to fester, must come to an end Obama’s Inaugural Address: Much to Admire, Bits to Quarrel With - By Matthew Rothschild, The Progressive, January 20, 2009 While he did fault the “greed and irresponsibility of some” for our economic distress, he was not exactly thundering like FDR*, for in the same sentence, he also cited “our collective failure to make hard choices and prepare the nation for a new age.” He didn’t need to go so easy on Wall Street. N.Y. Attorney General Probes Placement of Investments With Madoff - Daniel Wise, New York Law Journal, January 22, 2009 Cuomo's probe of Merkin could take on added importance from a decision argued last Friday before the 2nd U.S. Circuit Court of Appeals, which, if affirmed, could make it more difficult to bring private lawsuits against "feeder" funds such as the three managed by Merkin, Ascot, Ariel and Gabriel Does Manipulation Render Technical Analysis Obsolete? - GoldSeek, 22 January 2009 It comes as no surprise that central banks take an interest in suppressing the gold price, in order to be able to add money to the money supply without having the barometer that mirrors their actions (the price of gold), warn the public of their mischief A Very Flawed Monetary Order - GoldSeek, 22 January 2009 There are rumblings that Spain, Italy, Greece, along with Ireland may not last much longer within the harsh confines of the Euro where monetary policy is formulated by stern Germans and French Crisi: le famiglie Italiane sono indebitate per 21mila Euro ciascuna - Asca, 21 Gennaio 2009 HOW CALIFORNIA RIOTS WILL TURN INTO ACTUAL CIVIL WAR IN THE USA - By: Tom Chittum, RMNews, 21 January 2009 Royal Bank of Scotland falls 71pc despite new UK bailout - Dearbail Jordan and Tom Bawden, Times, January 20, 2009 [seigniorage masters] Anarchy Or Tyranny: The Most Pertinent Question Of Our Age - By Philip Jones, 1-20-9 A conspiratorial group of super rich and powerful individuals, dedicated to the imposition of a Global Dictatorial State, had been working behind the scenes, manipulating the events which shaped our lives, creating chaos all around, causing reactions from the unsuspecting majority which in turn enabled them to advance their agenda by responding with their `ready made` solutions UNIPOL: CASSAZIONE ANNULLA CONDANNE A CONSORTE E A SACCHETTI - Adnkronos, 21 gen. 2009 Lo ha deciso la Quinta sezione penale della Cassazione che, accogliendo le richieste della difesa dei due ex vertici di Unipol sull'incompetenza territoriale dei giudici di Milano, ha disposto la trasmissione degli atti alla Procura della Repubblica di Bologna De Magistris su MicroMega: attacchi eversivi contro la magistratura - RaiNews24, 19 gennaio 2009 Ai giovani colleghi De Magistris dice: "Non ascoltate quelle sirene, anche interne alla nostra categoria, che vi inducono - magari in modo subdolo e maldestro - a piegare la testa in virtu' di una pseudo-ragion di stato che consisterebbe nel pericolo imminente di riforme sciagurate, per evitare le quali dobbiamo, strategicamente, girarci dall'altra parte quando ci 'imbattiamo' nei cosidetti 'poteri forti'. (il racket del signoraggio è un potere abbastanza forte?) [global default] UK cannot take Iceland's soft option - Ambrose Evans-Pritchard, Telegraph, 21 Jan 2009 Britain has a duty of care to the world by honouring foreign debts. Britain has foreign reserves of under $61bn dollars (£43.7bn), less than Malaysia or Thailand. The foreign liabilities of the UK banks are $4.4 trillion – or twice annual GDP – according to the Bank of England. The mismatch is perilous Biblical debt jubilee may be the only answer - By Ambrose Evans-Pritchard, Telegraph, 19 Jan 2009 Once again, Britain leads the world in the macabre speciality of saving banks Questions Begging Answers - By: Rob Kirby, GoldSeek.com, 20 January 2009 Fell’s admission coupled with the recently unearthed account of the Fed’s game plan shows that gold “is” and always has been feared as competition for the U.S. Dollar and a game plan has long been in place to thwart it. This explains why economic data has been falsified and the price of gold has been surrepticiously managed and interfered with by the United States Treasury and the Federal Reserve. The mounting evidence is this regard is so compelling that from this point forward any ‘economist’ attempting to explain our current situation without prefacing their explanation with an EXPLICIT ACKNOWLEDGEMENT that our capital markets are not free and are in fact RIGGED by officialdom – their analysis is not worth the time to read it King Says Bank of England Asset Buying May Start in Next Weeks Amid Slump - By Brian Swint, Bloomberg, Jan. 21, 2009 Bank of England Governor Mervyn King said officials may start buying assets within weeks to loosen credit markets as the lowest U.K. interest rates since 1694 fail to avert a “marked” recession. King backed Prime Minister Gordon Brown’s plan to give the Bank of England extraterrestrial powers to buy securities, unveiled on Jan. 19 along with a 100-billion pound ($140 billion) bailout for banks [seigniorage masters] Obama Inauguration: Slide on Wall Street. Where have all the Creditors Gone? - by Michel Chossudovsky, Global Research, January 20, 2009 America's largest banks have, over the years, sifted off part of their surplus profits to various proxy financial outfits, hedge funds, accounts registered in tropical offshore banking havens, etc. While these billion dollar transfers are conducted electronically from one financial entity to another, the identity of the creditors is never mentioned. Who is collecting these multibillion debts which are in large part the consequence of financial manipulation? British banks are 'technically insolvent' (and other secrecies) - by Ben Russell and David Prosser, Global Research, January 20, 2009 "Quite why the Bank has to keep its operations so shrouded in secrecy is a mystery to me," said Simon Ward, economist at New Star. "This [reform] will make it much more difficult to track what the Bank is doing." Barclays Falls Seventh Day on Nationalization Concern - By Jon Menon, Bloomberg, Jan. 21, 2009 The shares have lost 62 percent this month, valuing the company at 4.9 billion pounds ($6.5 billion). London-based Lloyds Banking Group Plc fell as much as 26 percent today Roubini Predicts U.S. Losses May Reach $3.6 Trillion - By Henry Meyer and Ayesha Daya, Bloomberg, Jan. 20, 2009 "The problems of Citi, Bank of America and others suggest the system is bankrupt," Roubini said. "In Europe, it's the same thing." Bankitalia al sistema creditizio "Indispensabile garantire il credito" - la Repubblica, 20 gennaio 2009 Confronto tra il direttorio di via Nazionale e i vertici delle principali banche italiane. Sottolineata l'importanza di sostenere la crescita del sistema economico. Ancora silenzio sulla nazionalizzazione della Banca d'Italia... [Racket del signoraggio] Agenzia delle Entrate, bando di concorso per l'assunzione di 825 unità - 19.01.09 [Anonima Banchieri] Draghi striglia (ma non troppo), le banche - Il Nuovo Giornale di Modena, 21 gennaio 2009 La Banca d'Italia punta molto sul nuovo mercato interbancario, 'collateralizzato' secondo l'espressione tecnica, che sta per avviarsi e che consente 'negoziazioni su base anonima e garantita dai rischi di credito' Riforma monetaria: Intervento di Danilo Perolio, Fiba Cisl BPN spa Area di Borgosesia (video) - Castel Nuovo del Garda, 12 Gennaio 2009 I sindacati cominciano ad interrogarsi sul meccanismo della emissione/creazione monetaria... Germany About to Have Its Worst Recession Since WWII - by: Edward Hugh, January 18, 2009  Finance the Islamic way at Michigan bank - By JEFF KAROUB and SEBASTIAN ABBOT, Associated Press, Jan 13, 2009 "When you look at the economic crisis we're in, if you were to follow Islamic or Sharia financing, you couldn't have this crisis," said John Sickler, corporate director for the bank, University Islamic Financial Corp. in Ann Arbor Fragilisé par les scandales, le Luxembourg se défend de tout laxisme - L'investigateur, 20/01/2009 Un léger vent de panique souffle sur le Luxembourg, premier centre européen de fonds d'investissement et de réassurance, huitième centre financier mondial. Contraint d'intervenir avec les gouvernements belge et néerlandais dans le dossier Fortis, puis avec Bruxelles et Paris dans Dexia, exposé à la critique dans l'affaire de la banque islandaise Kaupthing, basée à Luxembourg, le gouvernement de Jean-Claude Juncker affronte désormais une commission d'enquête parlementaire Edmund de Rothschild, Ex-NM Rothschild Chairman, Dies at Age 93 - Bloomberg, Jan. 20, 2009 A single European market in death and pain - by Steve McGiffen, Spectrezine, January 20, 2009 [global default] U.S. and U.K. on Brink of Debt Disaster - By John Kemp, Reuters, January 20, 2009 While both governments experiment with quantitative easing, bad banks to absorb non-performing loans, and state guarantees to restart bank lending, the only real way out is some combination of widespread corporate default, debt write-downs and inflation to reduce the burden of debt to more manageable levels. Everything else is window-dressing FOOLS RUSH IN... - By Dr. Edwin Vieira, NewsWithViews.com, January 20, 2009 In the long run (and that may prove not to be very long at all), “Plan A” cannot maintain economic stability. All too soon, the bail-outs will likely catapult the Federal Reserve System into hyperinflation, followed by depression, accompanied by major societal breakdowns and massive, probably violent civil unrest. Then come into play “Plan B” and “Plan C” with the inexorability of a rising sun at dawn and a setting one at dusk. But the risk from having scuttled “Plan A” outright, thus precipitating “Plan B” before America has even a chance to prepare to resist, is even greater U.S. stimulus not enough, TARP bailout misused: Soros - Reuters, January 19, 2009 "If they are successful...the deflationary pressures will be replaced by the specter of inflation and the authorities will have to drain the excess money from the economy almost as quickly as they pumped it in. Of the two operations the second one is going to be, politically, even more difficult than the first," he said Cardinal says credit crisis has killed capitalism - By Andrew Pierce, Telegraph, 05 Jan 2009 The leader of the Roman Catholic Church in England and Wales has declared that capitalism is dead because of the credit crunch. The Cardinal Cormac Murphy O'Connor, dressed in his full clerical regalia, said in a speech at the black tie dinner that he had worried whether the dinner should go ahead because of the troubled economic times. But he went on to say that in 1989, with the collapse of the Berlin wall, that "communism had died". In 2008, he said, " capitalism had died". The remarks will cause dismay in Downing Street as the Cardinal's remarks will be interpreted as a signal that the entire economic order has collapsed. The Rt Rev Tom Wright, the Bishop of Durham, said: “When a big bank or car company goes bankrupt, it gets bailed out, but no one seems to be bailing out the ordinary people who are losing their jobs and seeing their savings diminished.’’ The bishops of Hulme, Winchester and Carlisle joined in the attacks  Hundreds of billions of taxpayer money to bail out the banks again - Sam Coates and Helen Power, The Times, January 19, 2009 The Treasury hopes that billions of pounds will be freed up for loansharking home-owners and businesses again and again... and so ad infinitum. Ten empires fell on this grease spot, meditates Poet Pound, takes bitter note of Napoleon and others of his heroes who took a stick to usury and either failed to catch it, or ended up impaled Nuove abitazioni: ecco la «casa di carta» - Danilo Taino, Corriere della Sera, 14 gennaio 2009 Creata da una società svizzera che si pone l'obiettivo di cambiare il volto delle baraccopoli del pianeta (With usury has no man a good house made of stone...) 01/19/09 - A World of Financial Freeloaders - by The Mogambo Guru The federal budget, which was already scheduled to be $3 trillion before any of this stuff happened, is now going to have a deficit of trillions of dollars, all in an economy that is only about $13 trillion! Gaaaahhhh! I am freaking out here! I keep thinking to myself that this is so Freaking Much Money (FMM) that it would only cost $2 trillion to give $10,000 in cash to every one of the 200 million adults in the whole damned country! Liberalizzazioni e privatizzazioni. Elementi per una critica complessiva - Lorenzo Dorato, Comunismo e Comunità, 19 gennaio 2009 Vi è infine il problema dello scardinamento dell'economia nazionale nel momento in cui ad un monopolio pubblico si sostituisce un libero mercato dominato da enormi potenze oligopolistiche multinazionali capaci di acquistare intere nazioni condizionandone pesantemente la sovranità economica e politica. E ciò avviene non solo tramite la cessione al mercato (cioè all'offerente oligopolista più potente) di pezzi dell'economia pubblica, ma spesso tramite operazioni poco pulite di fusioni o acquisizioni di settori anche privati dell'economia nazionale. La storia delle acquisizioni bancarie e assicurative e il loro controllo da parte delle banche d'affari nord-americane, estremamente influenti nel condizionare le politiche dei diversi Stati, mostra tutta l'entità di questi rischi Borsellino: omicidio di Stato? - Marco Travaglio, 19 Gennaio 2009 A NEW MONETARY SYSTEM: Why the Old Federal Reserve System is Obsolete - by James Jaeger, 19 January 2009 Basically there are three problems that need to be solved in order to create a New Monetary System that benefits the greatest number of people in the United States and/or World. They are as follows: 1. a more accurate definition of money and what it's supposed to do; 2. a determination of who has authority to create money; 3. a method by which money's creators can issue it into the economy without creating unjust enrichment. This paper will focus on the Citizen as the primary issuer and explore the benefits and liabilities of such a System Il Partito degli Italiani all'Estero è contrario a una ITALIA ... come Colonia Straniera - Giovanni Monte, 19 Gennaio, 2009 Le campagne mediatiche menzognere fanno credere che il Fmi e la Bce ci tengano alla “stabilità” del Bel Paese, o alla “competitività” delle aziende italiane, mentre è proprio l'esatto opposto: perche` vogliono, con spregiudicata diabolica cattiveria, tenere in scacco “l'intera economia” del Bel Paese, strozzandola con il DEBITO e rendendola “poco competitiva” attraverso varie strategie. I politici italiani anziché cercare di contrastare il potere del Fmi, lo assecondano, e lo propagandano come giusto e autorevole, mostrando così che “l'Italia è soggiogata” anche politicamente al potere straniero, appunto, “come una colonia”. In molti modi (privatizzando, non tutelando i prodotti italiani, accettando di pagare i diritti di signoraggio, foraggiando le società private, ecc.) i nostri governi italiani hanno sempre operato -- da autentici vili e ipocriti traditori della Patria – in favore della “distruzione economica e finanziaria” del Bel Paese  Bank Fees: Banking on silence - By Rob Rose, Financial Mail, January 16, 2009 Secrecy hardly ever works, said former US politician Newt Gingrich, and it absolutely never works when it's used "in defence of dumbness" Private bankers face up to regulatory pressure: we don't have to feel threatened because we are decent people - Swissinfo, January 16, 2009  Former UBS banker pronounced a fugitive - SwissInfo, January 14, 2009 A United States judge has declared Raoul Weil, a former senior banker at Switzerland's largest financial institution, UBS, a fugitive Bank of China VP warns of fresh financial crisis - by Staff Writers, Shanghai, AFP, Jan 15, 2009 In the next one or two years, big financial institutions previously bailed out by governments could fall into trouble again, he predicted, while smaller banks could go bankrupt and hedge funds could collapse Dumb Taxpayers May Take Shares in Toxic Banks - By James Kirkup, The Telegraph, January 18, 2009 Taxpayers could take shares in Barclays and HSBC as part of a new Government plan to insure British banks against hundreds of billions of pounds of losses on bad loans - JANUARY 17, 2009: A National Fightback Conference - Bail Out the People Movement [UFO] Brown seeks 'alien' help to rescue banks - 17 Jan 2009 Gordon Brown has confirmed that Britain's stricken banks will require a second bailout, calling for "intergalactic action" to rescue them from collapse (we propose to build a Large Moron Collider to further investigate the banking black matter...in italiano: Grande Collisore di Stòlidi abbreviato LMC) Bailed-Out Firms Have Tax Havens, GAO Finds - By Carol D. Leonnig, Washington Post, January 17, 2009 Most of America's largest publicly traded corporations -- including several that are receiving billions of dollars from U.S. taxpayers to finance their recovery -- have set up offshore operations that could help them avoid paying U.S. taxes on their profits, a government study released yesterday found (American International Group, Bank of America, Citigroup and Morgan Stanley are among them) What Solutions to the Current Economic Crisis? - Global Research, January 18, 2009 Eric Janszen interviews Michael Hudson, Harvard University, December 2008: You could make America or any nation the lowest cost economy in the world by a tax system that falls on excess prices rather than on labor and capital. This goal was the central aim of classical political economy from Adam Smith to John Stuart Mill, Henry George, Thorstein Veblen, Simon Patten and the business schools in the 19th century. But it changed after World War I, and now we’re in a Counter-Enlightenment. Today’s neoliberals are not liberals in the sense of the classical economists. They’re free lunchers and apologists for an emerging rentier oligarchy. If their policies win out, they will stifle the real economy Sukuk pronouncement, BBA judgement grab headlines in ’08 - By Habhajan Singh, January 11, 2009 Two pronouncements — one a judgement by the Malaysian High Court and another a view expressed by a renowed international Shariah scholar — grabbed the headlines in the world of Islamic finance in 2008 Taxpayers face years of debt in bank salvage deal - By Katherine Griffiths, Mark Kleinman and Patrick Hennessy, Telegraph, 18 Jan 2009 Taxpayers are poised to take on the "toxic" debts of High Street lenders in a new bank rescue deal which could cost taxpayers billions of pounds (not only the banks create money and debt out of thin air, but they are also skinning alive the dumb taxpayer...Is the taxpayer the fittest to survive?) [Fund managers] Tips on Writing Your Suicide Note Your suicide note will be the last thing people have to remember you by. Your relatives, friends, police officers, and others, will read it. In some cases, suicide notes, or parts of them, even get to the media. You might think that suicide notes would be the most carefully crafted documents, however in many cases, they are written carelessly and hastily. The following tips are provided for fund managers who want to leave a real impression Fund manager gone and possibly $350 million with him - By John Hielscher, Michael Pollick & Kevin McQuaid, Herald Tribune, January 16, 2009 Fund principal Arthur G. Nadel, a prominent player in Sarasota social and philanthropic circles, disappeared this week. His wife, Peg, filed a missing person report with law enforcement after finding a suicide note Toxic debt plan is the last throw of the dice - By Mark Kleinman, Telegraph, 18 Jan 2009 Mervyn Davies' first task as minister for trade is to devise a solution to this phase of the crisis which genuinely draws a line beneath the horrors on the banks' balance sheets Taxpayers poised to take on 'toxic' debts as Government throws another £200bn lifeline to High Street banks - By Simon Watkins and Simon Walters, Daily Mail, 18th January 2009 The latest lifeline for the City – put to bank bosses late yesterday – came as Gordon Brown vented his fury with the banks for lending vast sums to foreign investors who are now unable to pay the money back (fractional reserve scam isn't enough?) Taxpayers fork out £60,000 for Minister's dinner party ... to discuss the credit crunch - By Glen Owen, Daily Mail, 17th January 2009  MPs' fury at Mandelson after he claims British bosses are incapable of business success - By Brendan Carlin, Daily Mail, 17th January 2009 He was denounced by business leaders and Labour MPs over his claim that there is a defect in the 'gene pool of British management' Monetary union puts half of Europe in depression - By Ambrose Evans-Pritchard, The Telegraph, January 17, 2009 Events are moving fast in Europe. The worst riots since the fall of Communism have swept the Baltics and the south Balkans. An incipient crisis is taking shape in the Club Med bond markets. S&P has cut Greek debt to near junk. Spanish, Portuguese, and Irish bonds are on negative watch Spunti di riflessione sulla crisi economica - Vittoriano Peyrani, Rinascita, 14 Gennaio 2009 Il signoraggio della moneta concesso a banche private crea un artificioso debito pubblico perché i governi, invece di stampare in proprio moneta in biglietti di stato, si indebitano con le banche che creano denaro dal nulla (biglietti di banca), senza alcuna copertura o garanzia aurea o in beni immobiliari e lo imprestano agli stati contro interesse Salva il tuo conto corrente dallo Stato - Beppe Grillo, 16 Gennaio 2009 E' un esproprio legalizzato. Il numero dei conti dormienti alla fine dello scorso novembre era di 1.071.590, pari a circa 800 milioni di euro The recession crimewave - By Mark Hughes, Crime Correspondent and Ben Russell, Home Affairs Correspondent, The Independent, 17 January 2009 The recession puts police on the back foot as official figures show offences in 31 police forces are on the rise Barclays shares slump 25pc in last hour - By Graham Ruddick, Telegraph, 16 Jan 2009 Barclays shares tumbled in the last hour of trading on the FTSE 100, leaving the stock down 25pc on the day and more than 40pc on the week California controller to suspend tax refunds, welfare checks, student grants - By Evan Halper and Patrick McGreevy, LATimes, January 17, 2009 John Chiang announces that his office will suspend $3.7 billion in payments owed to Californians starting Feb. 1, because with no budget in place the state lacks sufficient cash to pay its bills U.N. Allows Its Antifraud Task Force to Dissolve - By STEVE STECKLOW, WSJ, JANUARY 8, 2009 The United Nations hasn't renewed funding for a special task force that uncovered about $630 million in alleged contract fraud, and efforts to retain some of its investigators have been delayed following objections from the Russian government Anglo Irish Bank nationalised - By Sean Farrell, The Independent, 16 January 2009 Irish government steps in amid talk of further state control of UK and US banks New car buyers to get Government-assisted credit - By Chris Irvine, Telegraph, 15 Jan 2009 Finance companies with links to the car industry may be given access to the Bank of England's multibillion-pound liquidity scheme so they can offer credit to buyers Swindle - The Bank Implode-O-Meter, January 16th, 2009 Wall Street is a criminal enterprise based on a confidence scam so it should be no surprise that the swindle continues unabated. Bank of America and Citigroup, two of the biggest swindlers on the street reported repugnant fourth-quarter results, but had a lot of clean up help from the New York Times Riots in Riga - The Bank Implode-O-Meter, January 15th, 2009 Hundreds of demonstrators have clashed with riot police in Latvia’s capital, Riga, after an anti-government protest. Police used mace and truncheons to disperse rioters who smashed shop windows and overturned a police van after failing to storm parliament. The violence followed a peaceful rally in which some 10,000 people accused the government of economic mismanagement and demanded new elections. Coming soon to a town square near you Bank of Clark County, Vancouver, WA - FDIC FAILED BANKS, January 16th, 2009 A second small bank has gone down today National Bank of Commerce, Berkeley, Ill. - FDIC FAILED BANKS, January 16th, 2009 The first FDIC bank shutdown of the new year has occurred (one wonders what took so long… low staff due to vacations?) VIDEO: THE GLOBAL FINANCIAL CRISIS - by Michel Chossudovsky, 2009-01-17 Montreal Lecture: The Great Depression of the 21st Century Systemic Economic Crisis: The Sequence of Global Insolvency Begins - by GEAB, Global Research, January 17, 2009 In 2007, LEAP/E2020 announced that US banks and consumers were both insolvent. More than a year ago, our team estimated that USD 10,000-billion worth in « ghost-assets » would vanish in the crisis. Both announcements came in complete opposition with the common opinion of that time; however they proved perfectly justified in the months after. In the same line, LEAP/E2020 today estimates that a new sequence of the fourth phase (so-called « decanting phase ») of the unfolding global systemic crisis has began: the sequence of global insolvency The U.S. Economy is being Marched to the Gallows - by Andrew Hughes, Global Research, January 16, 2009 Predictions of hyperinflation, dollar decline and civil unrest Financial Services Companies Targeted as Securities Filings Soar, Survey Finds - Kate Fazzini, New York Law Journal, January 16, 2009 Sparked by a wave of litigation against financial services companies, the number of federal class action suits filed last year grew 19 percent, according to a recent report Holder Lays Out His Priorities During Senate Confirmation Hearing - Joe Palazzolo, Legal Times, January 15, 2009 During his Senate confirmation hearing Thursday, Attorney General nominee Eric Holder Jr. pledged to step up the government's fight against terrorism, restore the credibility of a Justice Department shaken by politicization and wage an aggressive fight against perpetrators of financial fraud and market manipulation  The Fed's blueprint for market intervention - By James Turk, January 16, 2009 A Federal Reserve Board document from 1961, contained in the archive of the board's late longtime chairman, William McChesney Martin Jr., shows the Fed planning to intervene surreptitiously in the currency and gold markets to support the dollar and to conceal, obscure, and falsify U.S. government records so that the intervention would not be discovered Will U.S. be forced to nationalize banks? - By Dan Wilchins, Reuters, January 16, 2009 Il debito pubblico continua a salire - Francesco De Feudis, Agoravox, 13 gennaio 2009 01/15/2009 - What Can You Buy With 50 Billion Zimbabwe Dollars? - by The Mogambo Guru Of course, the Zimbabwe government and central bank say that this creation of new money is "a way of fighting cash shortages amid spiraling inflation", which makes you look up into the sky, as if expecting a flying saucer from outer space to suddenly appear and rescue you from this planet of mental midgets...  Indiana State Senator Files Gold Money Bill - 14 January 2009 US Debt Insane Asylum Secret Meet - Cryptome, January 13, 2009 01/14/09 - No Taxation Without Inflation - by The Mogambo Guru, The Daily Reckoning One of these days, I swear, I am going to go freaking berserk, and people will want to know, and police investigators will want to know, as people all over the place will want to know, "What in the hell happened?" and, "How did a maniac like that get an anti-aircraft cannon, anyway?" UN finds 217 sex abuse claims against blue helmets - The Associated Press, January 14, 2009 Peacekeeping or pedophilia? Economic Crisis: Confronting Industry Shutdowns in Canada - by Roger Annis, Global Research, January 14, 2009 Multinational’s Assets Seized in Newfoundland La crisi che monta - Daniele Martinelli, 13 gennaio 2009 Il tasso dei disoccupati in Spagna aumenta da 9 mesi. Ha raggiunto quota 3 milioni e 100 mila, salendo del 4,7%. La Cassa integrazione in Italia ha avuto un balzo del 500% nel dicembre del 2008 rispetto a quello di un anno fa. Tra un po’ i tagli toccheranno le pensioni Time We Start Seeing Ourselves Differently - By Dick Eastman, 1-11-9 A nationalistic program of social credit could end this depression in 3 months. It would require debt repudiation and therefore the loss of all credit from the International Credit monopoly. The National credit would have to replace it. We would have to find a way to feed ourselves without imports, through emergency measures Citigroup Goes To Sleep, the End of an Banking Empire - By: Mike_Shedlock, The Market Oracle, Jan 14, 2009 Vikram Pandit is unraveling his empire to save his bank. Citigroup Inc.'s chief executive officer said yesterday he would cede control of the Smith Barney brokerage to Morgan Stanley. Pandit may also dump the CitiFinancial consumer-lending unit, tag Tokyo-based Nikko Asset Management Co. for eventual sale and rein in trading with the bank's own capital, people familiar with the matter said 01/13/09 - There's Always Opportunity in Crisis - by The Mogambo Guru The Federal Reserve and the IMF are - as are all governments and other central banks - full of liars, thieves and morons, who, in this case, "treat gold that had been leased to bullion banks and sold into the market as if it were still in the vault!" Mercato immobiliare: crollano, nel 2008, le quotazioni milanesi - Di Pierpaolo Molinengo, Yahoo!Finanza, 13 Gennaio 2009 La "soluzione LaRouche" discussa alla riunione pre-G20 di Parigi - MoviSol, 13 gennaio 2009 Hedge-funders bullish on gold, guns, inflatable lifeboats - By Timothy Sohn, New York Magazine, January 11, 2009 In his book "Wealth, War," published last year, former Morgan Stanley chief global strategist Barton Biggs advised people to prepare for the possibility of a total breakdown of civil society. A senior analyst whose reports are read at hedge funds all over the city wrote just before Christmas that some of his clients are "so bearish they've purchased firearms and safes and are stocking their pantries with soups and canned foods." "Go Jump Into Lake," Philippines Senator Tells International Credit Rating Firms - LPAC, January 12, 2009 "Self-appointed credit raters Fitch, Moody's and Standard and Poor's were all horn-blowers of big banks and investment houses which have collapsed in the economic meltdown. They should jump into Lake Lanao ," Pimentel said The Defense of National Sovereignty: What a New Pecora Commission Must Do . by John Hoefle, Executive Intelligence Review, January 16, 2009 The original Pecora Commission, an investigation into the financial machinations which led to the Great Depression, conducted by the Senate Banking and Currency Committee from 1932 to 1934, exposed the way in which a cabal of powerful bankers dominated the U.S. economy, and manipulated it to suit their own goals. The investigation was run by Ferdinand Pecora, a former prosecutor who hauled some of the most prominent bankers in the nation before the committee and revealed them to be, under their pompous, self-righteous veneer, a pack of self-serving, arrogant, and corrupt hyenas who had little regard for the interests of the nation and its people ITALY'S TREMONTI AND FRANCE'S ROCARD: Only Bankruptcy Reorganization Will Revive the World Economy - by Helga Zepp-LaRouche, Executive Intelligence Review, January 16, 2009 If governments—Germany's included—continue their attempts to rescue all banks and hedge funds, and to honor all demands from private financiers for ever greater sums of taxpayers' money, then we can be certain that we will see an even more dramatic collapse of the real economy, an explosion of hyperinflation in the near term, and a descent into a new Dark Age US businessman 'fakes own death' - BBC, 13 January 2009 US businessman Marcus Schrenker facing financial problems has apparently faked his own death by bailing out of his plane and letting it crash in a Florida swamp. A man with Mr Shrenker's identification apparently checked into a hotel in Alabama after the crash, telling police he had been in a canoeing accident, before being seen running away into some nearby woods 01/12/09 - The Troubled Asset Pension Fund - by The Mogambo Guru "I hastily scrapped all the other 'it ain't my fault' defenses…and now…I immediately declared my little department to be a bank, and plowed all of the employee pension fund money into it as shareholders of the bank." Bond bubble is accident waiting to happen - By Ambrose Evans-Pritchard, The Telegraph, January 12, 2009 The Fed's "Monetary Multiplier" has collapsed, falling below 1. This is unthinkable. We are in a liquidity trap. "The euthanasia of the rentier" will wear off, to borrow from Keynes. That is when the next crisis begins Hedge fund billionaire sued for investing in Madoff scheme - James Doran, The Guardian, 12 January 2009 On Friday J Ezra Merkin stepped down as chairman of GM's car loans arm, General Motors' Acceptance Corporation (GMAC), while he walked away from his post as a trustee at Yeshiva in December and recently stepped down as chairman of the investment committee at the UJA Federation of New York THE ROCKEFELLER PLAN PART 3 - By Dennis L. Cuddy, NewsWithViews.com, January 12, 2009 In fact, there are so many Clinton administration officials named by Obama to his administration that it appears the Power Elite’s “alternation of power” scenario is still operative (George H.W. Bush followed by Bill Clinton followed by George W. Bush now followed by Clinton administration officials with Obama as a figurehead) Job losses ballooned in final quarter of 2008 - by Heidi Shierholz with research assistance from Tobin Marcus, EPI, January 9, 2009 [Zanzaland Stock Exchange] Il Catricalà è sempre l'ultimo a sapere - Beppe Grillo, 11 Gennaio 2009 Dopo "un'indagine conoscitiva", Catricalà ha scoperto quello che sanno anche i clandestini appena sbarcati a Lampedusa. L' 80% dei gruppi finanziari italiani ha intrecci personali e azionari fra concorrenti, ha nei propri organismi soggetti con incarichi in concorrenti. La soluzione per Catricaquà è "un'attenzione alta sulla corporate governance". La soluzione è un'altra. Chiudere l'Authority che costa agli italiani un patrimonio e chiudere la Borsa italiana Alitalia: cornuti e mazziati - Antonio Di Pietro, 11 Gennaio 2009 Alitalia è fallita, eppure su tutte le televisioni vi dicono che è stata salvata. No, è fallita: i debiti di Alitalia, tre-quattro miliardi di euro, sono stati messi a carico del contribuente italiano; i beni e i crediti di Alitalia sono stati ceduti a quattro soldi ai soliti furbetti del quartierino AULD LANG SYNE: 2009 TO 1929 - By Jon Christian Ryter, NewsWithViews.com, January 11, 2009 Prior to the ratification of the 17th Amendment on April 8, 1913, the State legislatures elected their US Senators and controlled how they voted on Capitol Hill. Removing that power from the States was needed to successfully create a permanent central bank in the United States since the US Senate defeated every attempt to legislate a new central bank since President Andrew Jackson killed an attempt to recharter the Second Bank of the United States in 1835. Jackson denounced central banks as an engine of corruption Reform Plan Raises Fears of Bank secrecy - By Edmund Conway, The Telegraph, January 10, 2009 The ostensible reason for the reform, which means the Bank will not have to print details of its own accounts and the amount of notes and coins flowing through the UK economy, is to allow the Bank more power to overhaul troubled financial institutions in the future, under its Special Resolution Authority (this way the bank can hide how much purchasing power is stealing from the public) Why the Great Famine was not about nationality - Russia Today, December 12, 2008 The Great Famine of the 1930s killed millions of people across the USSR. Its origins are still fiercely contested. But according to reports presented at a recent conference in Moscow, its main causes were a failure of management at the Kremlin and misplaced ambition among regional leaders Il Vaticano: stipendio alle casalinghe - GIACOMO GALEAZZI, La Stampa, 10/1/2009 La Chiesa scende in campo e difende il lavoro delle casalinghe. Pressing sul governo, il ministro Carfagna dice sì: "Un appello che va ascoltato" (proposta importante, sarebbe immediatamente realizzabile tramite il credito sovrano) Raju brings down Satyam, shakes India - By Sudha Ramachandran, Asia Times, Jan 9, 2009 While Satyam's fall was unexpected and rapid, a cloud that developed over the company in October gave little indication of what lay in store, when the World Bank, a Satyam client, said it was considering action against the company for installing spy software on the bank's computers and bribing its officials Follow The Money! Again Please... - by Walter Burien - 01/09/09 It is VERY important to note that Government in the 80's "OFF SHORED" into several massive fund management groups where their transaction were now virtually invisible to the American Public and outside of SEC and CFTC scrutiny and direct oversight What billionaires think will happen in 2009 - By Claire Obusan, Forbes.com, January 8, 2009 Now the U.S. porn industry seeks $5billion bailout - By Mail Foreign Service, Daily Mail, 08th January 2009 Britain needs a state bank - John McFall, The Guardian, 9 January 2009 To avert depression, the the government itself must take on the task of getting credit flowing Company selling food past its best-before date thrives in economic crisis - By Murray Wardrop, Telegraph, 11 Jan 2009 A company which specialises in selling food past its best-before date has seen a 10-fold rise in sales as shoppers hunt for bargains in the economic crisis Two more Ponzi schemes uncovered - Tom Bawden, The Times, January 10, 2009 In a joint filing, the SEC and the Commodity Futures Trading Commission allege that Joseph Forte, 53, reported consistently strong results to as many as 80 investors even though he routinely lost money, withdrew millions of dollars in personal fees and used recent investors’ contributions to repay earlier backers 01/09/09 - World Record Debt! Somebody Call Guinness! - by The Mogambo Guru "But this new spending is, of course, entirely predictable, as this is what has always been done by all other bankrupt, brain-dead corrupt governments on this planet in the past 4,500 years that had racked up so much debt that they collapsed." UBS closing U.S. clients' offshore accounts - By Lisa Jucca, Reuters, Jan 9, 2009 Swiss wealth manager UBS AG is closing all the offshore accounts of its U.S. clients, the bank said on Friday, as it comes under pressure from U.S. tax authorities The Best and the Brightest Led America Off a Cliff - Chris Hedges, TruthDig, Dec 8, 2008 The multiple failures that beset the country, from our mismanaged economy to our shredded constitutional rights to our lack of universal health care to our imperial debacles in the Middle East, can be laid at the feet of our elite universities. Harvard, Yale, Princeton and Stanford, along with most other elite schools, do a poor job educating students to think ... These elites, and the corporate system they serve, have ruined the country. These elite cannot solve our problems. They have been trained to find "solutions," such as the trillion-dollar bailout of banks and financial firms, that sustain the system. They will feed the beast until it dies. Don't expect them to save us Popular Internet Financial Pundit Arrested In South Korea - Dow Jones, January 08, 2009 Minerva drew a large Internet audience with postings that accurately predicted the collapse of Lehman Brothers in September, the won's sharp depreciation and the local stock market's crash. His writings irritated authorities with their sharp criticism of the government's economic policy and its intervention in the foreign exchange market 'I.O.U.S.A.' has TV premiere Saturday and Sunday on CNN - Peter G. Peterson Foundation, January 7, 2009 The two-hour program will feature an exclusive televised version of the nonpartisan film "I.O.U.S.A.," which examines the U.S. government's fiscal landscape and the consequences for the national economy. Since its premiere at the 2008 Sundance Film Festival, the film has garnered rave reviews from critics; has been nominated for a Critics Choice Award; and is on the short list for an Oscar nomination for Best Documentary Feature Peter Schiff predictions (video) - RussiaToday, January 7, 2009 Barack Obama's policies will unleash a greater economic crisis than the world is now facing, believes US financial forecaster, Peter Schiff MONEY TRUMPS LOVE - by Marc H. Rudov, NewsWithViews.com, January 10, 2009 For the most part, relationships begin, endure, and end over money — because people don’t know the meaning of love Government should buy homes on verge of repossession, former Bank of England economists say - By Angela Monaghan, telegraph.co.uk, 2009-01-09 The December Non-Farm Payrolls Report: Portrait of a Ponzi Economy - 09 January 2009 Commerzbank, Governo avrà due poltrone nel consiglio di sorveglianza - MF Online, 09/01/2009 Il Governo tedesco si appresta a varare lunedì un pacchetto congiunturale a sostegno delle imprese in difficoltà finanziarie del valore di 100 miliardi Resta di stucco è un barbatrucco - di Eugenio Benetazzo, 09/01/2009 La totalità degli istituti di credito sta subendo un profondo ridimensionamento per quanto concerne la loro redditività e la loro solidità patrimoniale. A riguardo pensiamo alle sole conseguenze che colpiranno molti bilanci bancari a seguito della contrazione dei beni immobiliari utilizzati come sottostante per erogare prestiti ipotecati per acquisto prima casa. Le banche hanno potuto erogare mutui anche al 100 % potendo contare proprio su questa peculiarità ovvero il valore di perizia di un immobile e non il prezzo effettivo di cessione: così facendo sono stati fatti passare mutui di facciata formali all'80% ma sostanziali anche oltre al 100 % in quanto per ragioni di contabilità bancaria come pezza giustificativa si utilizzava la perizia (molto spesso di parte) e non il valore menzionato nell'atto di compravendita Bank of England Says Interest Rate Cuts Won't Be Enough - By Angela Monaghan, The Telegraph, January 8, 2009 They hope that the people don't find to have a right in a free share of the new printed money Merrill Lynch says rich want gold bars, not gold paper - By Ambrose Evans-Pritchard, The Telegraph, January 8, 2009 Merrill Lynch has revealed that some of its richest clients are so alarmed by the state of the financial system and signs of political instability around the world that they are now insisting on the purchase of gold bars, shunning derivatives or "paper" proxies Australia: Newstopia explains the Reserve Bank (youtube) - March 12, 2008 From Australian TV, a devastating parody of central banking IMMIGRATION LOBBYING: HOW AMERICA’S RICH TAKE ADVANTAGE OF THE MIDDLE CLASS - By Frosty Wooldridge, NewsWithViews.com, January 8, 2009 How many of you would suspect that universities, labor unions, restaurants, hotels and construction firms in your communities pay hundreds of millions of dollars annually to depress your wages and screw you out of a job? Obama Hopes to Calm Americans With Series of Boring Speeches - Borowitz Report, January 8, 2009 "The President-elect is well aware that Americans are having trouble sleeping," said chief of staff designee Rahm Emanuel. "These speeches are designed to fix that." 01/07/09 - The U.S. Dollar: A Federal Reserve Thingy - by The Mogambo Guru "And this, together with the economic disaster that is already out there, only proves the utter, utter failure of the Federal Reserve to 'preserve the value of the dollar', which is their freaking mission in life. Morons!" 01/06/09 - Fed Refuses to Trade Secrets - by The Mogambo Guru "Unfortunately, while I am exactly like the Federal Reserve in that we are both total, complete failures at our jobs, mostly through sheer stupidity, the repercussions are quite different." [economic terrorism] Iceland to sue the UK over anti-terror legislation - By Rowena Mason, Telegraph, 06 Jan 2009 Iceland has decided to sue the British Government through the European Court of Human Rights for using “wrongful and unjustified” anti-terrorist legislation to freeze the assets of collapsed bank Landsbanki. Adolf Merckle suicide gives crisis grim defining moment - By John Foley, breakingviews.com, 07 Jan 2009 The financial crisis has a grim defining moment in the suicide of Adolf Merckle  La crisi di liquidità - generata ad arte - porta con sé una lunga teoria di suicidi Analyst Predicts 40% Unemployment, No Recovery until 2015 - Roger Wiegand, WeBeatTheStreet.com, Jan 7, 2008 Steady Diet of Chinese Currency - by The Mogambo Guru, 01/05/09 The Chinese are engaging in massive stimulus spending, too, just like we and everyone else are, and "announced more measures to stimulate domestic consumption", which included such things as "subsidies to rural households for the purchase of household appliances and other goods, and the setting up of new stores and distribution centres in rural areas." Subsidizing raw consumption! Wow! Now THAT'S stimulus spending! Why the banks won't lend - Michael Meacher, guardian.co.uk, Monday 5 January 2009 Determined to save themselves, banks can't be forced to expand lending. Public ownership is the only way to avert disaster SETTLEMENTS AND REFUNDING: OR DOLLAR COLLAPSES - Christopher Story, 5 January 2009 FORENSIC ANALYSIS OF DEVELOPMENTS SINCE THE U.S. ELECTION  Fractional Reserve scam approaching the event horizon (less than one cash dollar for every 100 dollars in accounts) Savona: muore per il freddo, nessuna inchiesta - L'Unione Sarda, 05/01/2009 La donna, che era capace di intendere e di volere, viveva in una casa priva di impianto di riscaldamento. Non avendo familiari, ad occuparsi dell'anziana erano i residenti del piccolo centro che a turno provvedevano a fare la spesa e a comprarle le medicine Cartelle pazze: case pignorate per multe annullate - La Repubblica, 4 gennaio 2009 Caos Gerit-Equitalia: migliaia di soprusi e ricorsi ignorati. Un 33enne romano, G.C., si è visto notificare dall´ufficiale giudiziario il pignoramento e l´ipoteca della casa di proprietà per il mancato pagamento di sette contravvenzioni commesse tra il 2002 e lo scorso anno, per un totale di 2.105 euro. Tutte multe «puntualmente annullate - spiega il suo avvocato - Giacinto Canzona - con sette sentenze passate in giudicato. Oltre a una formale opposizione al pignoramento di casa, ora non gli resta che promuovere un´azione risarcitoria contro l´Agenzia delle Entrate per il grave errore commesso, che rischia di mandargli la casa all´asta IS THE PARTY OVER? - By Derry Brownfield, NewsWithViews.com, January 4, 2009 “We are in the middle of something very big. We’re not talking about trillions of dollars, the obligation is immeasurable. An economy structured on debt and credit lies at the root of the current financial meltdown. The end comes when the people reject the dollar and I think we’re getting awfully close to this. The answers are in the free market, sound money and our Constitution.” [psychopathic banking] Customers count the cost as 172 banks close - BY JON ASHWORTH, The Times, April 8, 2000 Rather than centralising power in London, the running of Barclays was left to semi-autonomous local boards, giving rise to country fiefdoms. Positions of power were kept "in the family", secured by "the special list", in which employees were marked down for promotion solely on the basis of who their parents were... Unassuming bank managers looked on aghast at men such as David Band, the BZW chief executive, who was paid £1.3 million in his best year. Worse, Mr Band, according to Mr Vander Weyer's book, was "a libidinous drunk who could barely string a sentence together after lunch" Austria Says It's Taking Control Of Bank Medici After Madoff Hit - Dow Jones, January 02, 2009 Juergen Bauer, a spokesman for the Austrian Financial Market Authority, said that the state took control of the bank Friday and that two board members, Peter Scheithauer and Werner Tripolt, were retiring immediately. Medici is 25% owned by UniCredit Group (UNCFF). Sonya Kohn, chairman and founding partner of Bank Medici, was known as one of the gate-keepers who gave investors access to Madoff. Others included Walter Noel of Fairfield Greenwich and Sandra Manzke, who founded Tremont in 1985 01/02/09 - Fixing the Unemployment Outlook - by The Mogambo Guru "Hell, at that rate, I'll personally hire 5 or 6 people right now, full-time, to get my yard, trees and shrubberies in shape, wash and wax the cars, and do all of that fixing, painting and replacing of broken, leaking or noisy crap around the house…" 01/01/09 - Silver Runs for Sanitation Commissioner - by The Mogambo Guru "The good news is not only that I don't own any public facilities that have garbage disposal or HVAC liabilities, but also that both of these nightmares are solvable by silver, which is already in less supply than the demand can satisfy…" Ignoring the solutions won't fix the problems - by Devvy Kidd, NewsWithViews.com, January 3, 2009 The house of fiat currency would finally burn itself out and you and I would be left holding the smoking ruins while the banker barons end up with the fruits of our labor. Barack Hussein Obama is the chosen one to head up the final phase..... [Tango bonds] Flop titoli argentini, banca paga - ANSA, 3 Gennaio 2009 La Cassa di Risparmio di Venezia è stata condannata a risarcire 1 milione di euro a due risparmiatori [eutanasia economica] Donna malata e povera chiede l'eutanasia - il Centro, 03 gennaio 2009 La Asl: «Niente indennità, è la legge». Il caso di Angela, la donna malata di tumore che vive con 250 euro di pensione e senza sostegno per andare a fare la chemioterapia. La direzione sanitaria: «Pratiche esaminate da 4 diverse commissioni mediche: non ha diritto all'accompagnamento» Economists warn of doom and gloom - By Chris Giles, FT.com, January 1 2009 But the overriding sense from the economists is of uncertainty, partly, as David B. Smith of University of Derby and Beacon Economic Forecasting argues, because most economic models take little or no account of credit so “the entire model-building community is flying blind”. (they don't take into account the possibility of souvereign credit instruments - i.e. state money and credit notes) [Lotto Capitalism] Steel industry hopes for big stimulus shot - By Louis Uchitelle, The New York Times, January 2, 2009 Credit crunch to intensify, Bank of England warns - By Edmund Conway, Telegraph, 02 Jan 2009 The credit crunch is likely to intensify in the coming months, with banks planning to continue rationing the amount they lend out to customers, new figures have revealed. This is a great opportunity to wake up to local & complementary currencies for everyone (look in a search engine for LETS, WIR, REGIO, SCEC, Ithaca Hours, Mutual Credit, etc.) Legal Public Interest Groups Hit by Madoff - Julie Kay, The National Law Journal, January 2, 2009 Dozens of public interest legal organizations have been hit financially by the collapse of Bernie Madoff's alleged $50 billion Ponzi scheme and are scrambling to make up the shortfalls. Organizations from the Center for Constitutional Rights to the American Civil Liberties Union found out before Christmas that they will have their budgets slashed by up to one-third, due to the fallout from the Madoff case The euro's bitter-sweet triumph at 10 - By Ambrose Evans-Pritchard, Telegraph, 01 Jan 2009 If the purpose of the euro is to confront US dollar hegemony and turn the European Union into a monetary superpower, it is a signal triumph. But politicians should be careful what they wish for  Bank of America, Wells close mergers as banking transforms - By Jonathan Stempel, Reuters, Jan 1, 2009 The Merrill takeover was completed on Thursday, ending more than 94 years of independence for the Wall Street investment bank and brokerage. The Wachovia merger closed on Wednesday, marking the denouement for a lender that started in 1879 with what it deemed a "very adequate" $100,000 of capital IS SUSTAINABLE CAPITALISM AN OXYMORON? - By David Schweickart, Synthesis/Regeneration (Fall 2008), November 9, 2008 "Only a madman or an economist thinks exponential growth can go on forever in a finite world." - Kenneth Boulding 440 retailers to go bust in first four months of the year, analysts predict - By Harry Wallop, Telegraph, 01 Jan 2009 Nearly 26 retailers will collapse every week in the first four months of the year, a leading retail analyst has predicted The Crisis of Common Sense: Is It So Difficult To Understand The Financial Crisis? - by Matthias Chang, Global Research, January 1, 2009 As long as people believe in absurdities, they will continue to commit atrocities: --Voltaire Shut Down The
Federal Reserve System (sign the petition) "If you go back to the CIA's origins during World War II in the Office of Strategic Services, the whole OSS was really nothing but Wall Street bankers and lawyers." - Alvin Bernard "Buzzy" Krongard - “Il
malcontento è grave, un senso di malessere si diffonde in tutte
le classi della società. Le sorgenti della ricchezza vanno a
disseccarsi. Noi facciamo il lavoro di Tantalo o di Penelope. Il signor
Rothschild, re del milione, è, finanziariamente parlando, re
dell'Italia" "You can issue sound money" to express the
will of the people, which amounts to saying you can issue it against
services wanted. You cannot issue sound money against land, or against
anything undeliverable. You cannot issue sound money save against
something wanted. The soundness of money is not limited to being state
money. Countless examples of valid private and valid local money exist:
Scovil metal dollar, 1842; Lockport Mills, 1851; my grandfather’s money
against ‘lumber or merchandise”; Larkin & Co. “merchandise bonds”
issued before the recent American bank holiday. States fail or fall
into hands of ignorant men or of scoundrels. The banks have tried to
throttle communities over which they have bloody and armed power of
militia or police armed with machine guns, fire-hoses and gas-bombs;
sane men and free merchants have issued their own paper or metal
implements of exchange and accountancy, and will do so wherever the
light of reason penetrates or the spirit of manhood co-exists with a
minimum of necessary knowledge." - Ezra Pound, Social Credit:
An Impact - 1935
"When a government is dependent upon bankers for money, the bankers — not the leaders of the government — are in control" - Napoleon - Diritto Internazionale: If
a government contravenes the fundamental rights of its citizens, it
abdicates government. The citizens are then absolved of their
allegiance to that government. The citizens have the right to
secede and come out from under the usurped jurisdiction of the
abdicated government, by virtue of Article 1.1 of the Internationl Covenant on Civil and
Political Rights, 1966, which Italy ratified. Once seceded,
citizens have the right to form a new nation, or join a new nation, by
the virtue of the application of Article
5 (d) (iii) of the International Convention on the Elimination
of all Forms of Racial Discrimination, 1965. A citizen has
every right to form a new nation, or join a new nation.
SE LA BANCA RIFIUTA DI DARVI IL CONTANTE, CHiAMATE IL 112 E FATE VERBALIZZARE LO STATO D'INSOLVENZA  "Les vrais
mafieux lisent le Financial Time ou le Wall Street Journal"
Voilà ce qu’écrivait Denis Robert dans « une affaire personnelle » sorti en avril dernier... "Certains banquiers sont comme les barons de Cosa nostra. Ils démarrent soldati, montent en grade. Capodecina, consigliere. Pour finir : capo dei capi. Ils agissent, mais ne parlent pas. L’omerta est la règle. La discipline dans les deux cas est militaire. Je ne parle pas des chefs d’agence ou des petits banquiers. Eux ce sont des soldats. Je parle de leurs généraux. Je parle des types à la tête des banques." ". . . as [the usurer] fed on insolvency and controlled legislation, the laws were as ingeniously contrived for creating debt, as for making it profitable when contracted. . . As the capitalists owned the courts and administered justice, they had the means at hand of ruining any plebeian whose property was tempting." - Brooks Adams - Our
vision is to become the premier
government contractor for economic counterintelligence
to support our country’s fight against economic terrorism The objectives of strategic analysis at the CSM include— • Disseminating information on seigniorage-laundering trends and methods to law enforcement, regulatory agencies, and the public. • Assessing industry, geographic, and other systemic seigniorage-laundering vulnerabilities. • Undertaking research and analysis to identify newly emerging or inadequately understood seigniorage-laundering methodologies. • Providing support to federal, state, local, and international law enforcement efforts in connection with illicit funds movement methodologies associated with complex financial or seigniorage-laundering investigations. • Providing feedback to the European community on the use and utility of suspicious activity reports. • Assisting governments during irregular warfare operations (see: irregular warfare definition, below). Irregular warfare. A violent struggle among state and non-state actors (i.e. government agencies and private/foreign bankers) for legitimacy and influence over the relevant population(s). Irregular warfare favors indirect and asymmetric approaches, though it may employ the full range of military and other capacities, in order to erode an adversary’s power, influence, and will. |
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