Crushing Defeat for Germany's Merkel as Voters Reject Austerity
François Hollande wins French election, Greeks vote no to austerity. Socialist party candidate clinches victory in France and Greek voters mount significant protest vote
The Bank Runs In Greece Will Soon Be Followed By Bank Runs In Other European Nations
ICELAND did it right - they canned their government and went after the banksters and we don't read a DAMN THING about it in our corrupt U.S media. In OUR country, we bailed out the banksters with our tax money:
Iceland, a country that wants to punish the bankers responsible for the crisis
Corporate media: anonymous ‘official’ of un-named country with generic drawing = Iran nuke ‘evidence’
Why everyone should Occupy US 1% corporate media: they lie
Ex-Financial Regulator William Black: Austerity is Sinking Economies from Europe to U.S. (video below):
White-collar criminologist and former senior financial regulator William Black (below video) addresses the grassroots reaction to austerity measures in Europe — from the "Indignados" movement in Spain to the anti-bailout elections in France and Greece — as well as in the United States, where the Occupy movement is re-emerging as the presidential campaign gets into full gear. "Finance is supposed to simply be a middleman to help the real economy," Black says. "It in fact now completely dominates and is a parasite on the real economy. German austerity has pushed the entire eurozone into recession and the periphery into Great Depression-level unemployment. And the same arguments are being made in the United States and are used as a pretext to try to destroy Social Security, Medicare and Medicaid. It is economically illiterate, but politically attractive."
REMEMBER: "AUSTERITY for US doesn't include YOUR tax money going to the foreign country of ISRAEL for more war and death -
Panetta, Barak to Announce More US Military Aid to Israel: 'Special Package' of $680 Million to Be Announced in DC
The Israel Lobby Never Sleeps: H.R.4133 — United States-Israel Enhanced Security Cooperation Act of 2012
Yasmin Alibhai-Brown: Why so little condemnation of Israel's extremism? The moralistic Chief Rabbi will not be on 'Thought for the Day' expressing sorrow for the treatment of the men
Isn't it nice that 99% of us are trying to figure our way out of this financial and unemployment crisis, and bilionaire banksters are still gambling their billions of dollars in funny money. I hope we're not bailing out these guys here in this story below. We did before, what makes you think it will be different?
The latest BANKSTER SCANDAL: Jaime Dimon & J.P. Morgan Chase
Emptywheel is all over Jamie Dimon's case:
Jamie Dimon: Inspiring Fear Among “Wealthy Private Clients” Even in Disgrace
Meanwhile, you'll recall my rants on FDL against JP Morgan for their manipulation/suppression of the silver market - and leverage of 100/1 (immediately after which I was banned from posting on FDL and all my diaries were scrubbed from their site).
JP Morgan is an OWNER of the Federal Reserve (not a FEDERAL institution - even the name itself is a lie). Their manipulations and price suppression of precious metals has been on behalf of the FED - which is not a public, but a private cartel of thieves. JP Morgan IS the FED is David Rockefeller. Those three are one. As I've said for years - there is no "Market". It's totally an illusion. (plunger):
Gold ETF Raid Imminent As China Flushes J.P. Morgan of Physical (GLD, SLV, PHYS, IAU, AGQ)
- plunger
FBI launches JPMorgan probe, shareholders back Dimon
What Jamie Dimon didn't tell you on 'Meet the Press'
Gold ETF Raid Imminent As China Flushes J.P. Morgan of Physical (GLD, SLV, PHYS, IAU, AGQ)
ROMNEY & RUBIO ON THE JPMORGANCHASE SCANDAL:
ROMNEY: "THAT'S JUST LIFE IN OUR FASCIST COUNTRY - GET USED TO IT MOTHERFUCKERS!"
RUBIO: "THAT'S JUST LIFE IN OUR FASCIST COUNTRY - GET USED TO IT MOTHERFUCKERS!"
The “Corzine-Dimon Syndrome”
Crony Capitalism: After Lobbying Against New Financial Regulations, JPMorgan Loses $2B in Risky Bet (video below):
JPMorgan Chase, the nation’s largest bank, is under fire after losing at least $2 billion in derivatives trading it was warned carried high risk. The loss has renewed calls for tougher regulation of Wall Street, with critics saying JPMorgan could have avoided it under regulations the bank opposed. We’re joined by former financial regulator, white-collar criminologist, and University of Missouri-Kansas City Professor William Black, author of "The Best Way to Rob a Bank is to Own One." Black says JPMorgan’s latest woes stem from the flaws endemic to "too big too fail." "Allowing [banks] to be this big, even conservative economists call this crony capitalism," Black says. "The only way this can work is to shrink the systemically dangerous institutions — this is the 20 largest banks in the United States — down to the point that they no longer pose a systemic risk, they are no longer too big to fail, and therefore, they will no longer have this implicit federal subsidy that completely distorts competition [and] ... destroys democracy, because these giant institutions have so much political power."
CENK points out that Obama apologizes for BANKSTERS...once again:
BLACKMAIL: MORE CASINO CAPITALISM WITH JPMORGANCHASE:
RNC Chair Calls for Less Regulation of Wall Street After $2 Billion JPMorgan Loss:
Five Facts That Put America to Shame
1. We're near the bottom of the developed world in children's health and safety
2. We've betrayed the young people who were advised to stay in school
3. The main source of middle-class wealth has been largely wiped out
4. We give prison sentences for smoking marijuana, but not for billion-dollar fraud
5. You can have health care, if you pay for itThe last EPIC post: What Have Our Police, Military, Courts, and Media Become??? YOU CAN'T TRUST THOSE THAT MAKE THE LAWS (POLITICIANS), AND YOU ALSO CAN'T TRUST THOSE THAT ENFORCE THEM (COURTS & POLICE), AND YOU CAN'T TRUST THE MEDIA TO REPORT THEIR CORRUPTION.
