Bill Still - The Money Masters & The Secret of Oz

Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and produced the syndicated radio program, Health News. He has written 22 books and two documentary videos, including: The Money Masters and The Secret of Oz, both of which critique the United States monetary system. In our current economic crisis, what can the government do? Bill says, under the current monetary system, nothing. It’s not going to get better until the root of the problem is understood and addressed. Bill will talk about the imploding Ponzi scheme that will be felt by all nations. We’ll discuss currency, gold backing and the lender/borrower relationship. In the second hour, Bill talks about the relationship between the news and bankers. He’ll also discuss reforming the monetary system, full reserve lending and debt free money.
http://www.redicecreations.com/radio/2012/08/RIR-120823.php

UK and Japan in worse shape than the Eurozone

http://www.youtube.com/watch?v=_3PTjOdMKwY&feature=player_embedded#!

Crime of the century with Max Kesier

In this edition of the show Max interviews Gerald Celente from trendsresearch.com. He talks about the bankers and governments manipulation of the global interest rates. Gerald Celente is an American trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance.
http://www.youtube.com/watch?v=_gPMd2wP3dI&feature=player_embedded#!

SR 60 Fractional Reserve Lending Bill Still

This is the third in this series of 8 vids that provide simple, effective tools to interest the average person in monetary reform. This how banks create all the money through a process known as fractional reserve lending.
http://www.youtube.com/watch?v=Rbq7NRnCQDM

World Collapse Explained in 3 Minutes

http://www.youtube.com/watch?v=NOzR3UAyXao&feature=g-vrec&context=G2a7ee03RVAAAAAAAAAg

Vincent Browne v The ECB

Vincent Browne takes on Klaus Masuch over the issue of the Irish people having to foot the bill for unguaranteed bondholders.
http://www.youtube.com/watch?v=HAf7J4a_T1g&feature=player_embedded#!

Children are being abandoned on Greece's streets by their poverty-stricken families who cannot afford to look after them any more

"This is the appalling aftermath of the credit crunch which will now sweep across Europe. The banks profited hugely in the good time and then socialised the losses upon the public leading to the austerity described below. Yet the bonuses continued to role at the expense of the public. Rather then write off the debts and scale down the mega banks they have pushed the whole debt burden onto the general public as taxpayers with the results described below. This is only the start. Why there is not more outrage baffles me – the Occupy Wall Street movement is the beginning of a major worldwide protest & fightback."

Children are being abandoned on Greece's streets by their poverty-stricken families who cannot afford to look
after them any more. Youngsters are being dumped by their parents who are struggling to make ends meet in what is fast becoming the most tragic human consequence of the Euro crisis. It comes as pharmacists revealed the
country had almost run out of aspirin, as multi-billion euro austerity measures filter their way through society.

Read more: http://www.dailymail.co.uk/news/article-2085163/Children-dumped-streets-Greek-parents-afford-them.html#ixzz1jy4FBG3c

Bill Black
http://www.youtube.com/watch?v=4XJe7O-3QBc

Linde CEO says Germany should mull euro exit-paper

Germany should consider leaving the euro if efforts to impose fiscal discipline upon indebted euro zone countries fail, the head of industrial gases firm Linde (LING.DE) told German weekly paper Der Spiegel.

If we do not succeed in disciplining crisis countries, Germany needs to exit," said Reitzle who was previously a board member at carmaker BMW (BMWG.DE) and head of Jaguar and Land Rover.

Reitzle said the euro zone is unlikely to break up completely but Greece is not in a position to service its debt.
"The country is not in a position to restructure itself in such a way that it can remain in the currency union," Reitzle said.
http://in.reuters.com/article/2012/01/15/eurozone-linde-idINDEE80E07Z20120115

Greece will default – as it should. The bondholders will get roasted – as they should – for making bad investments.

The laws of capitalism will be allowed to do their thing. Debtors and creditors will pay – as they both should – with both parties sharing the cost.Whether this leads to Greece being pushed out of the euro remains to be seen.

An opportunistic play by a desperate Greek government might be a total default, followed by the reintroduction of a new currency and then the restart button is hit. Initially, it would be an international pariah, but over time it would recover.

You might think it sounds radical, but it is straight from the IMF’s own adjustment handbook. In fact, the favoured IMF remedy to debt crises is partial/agreed default, followed by a rapid devaluation of the currency, which is then fixed at a new, much lower level.

The more aggressive approach is simply an amplified version of what is likely to happen anyway. The present policy calls for an internal devaluation plus some default. Why not an explicit external devaluation with total default, which gets you to the same place but a lot more quickly?

One of the reasons why there will be huge opposition in Europe to the Greeks going down this road is because it means the banks that lent money to Greece would get nothing or very little.On the other hand, internal devaluation would mean that they would take a haircut and then slowly bleed Greece dry for the rest of the money. But when you think about Greece’s position, this makes no sense. Greece has a current account deficit of ten per cent of GDP.

This means it must borrow an amount equal to nearly ten per cent of its GDP to pay for its current level of imports. If yet more money goes abroad to feed interest payments for foreign banks, it will have to borrow yet more just to make its current account balance. This is why getting the biggest default now must look attractive from Athens.

The realisation of this Greek position has led to the downgrading of France because the French banks are more exposed to Greece than any other foreign banks. All this news is simply the latest phase in Europe’s ongoing debt crisis. It is clear that, however it ends, the credit/banking industry will never be the same again.

http://www.davidmcwilliams.ie/2012/01/16/irish-banks-will-shrink-and-shrink

Banking system crisis-On the Edge with Max Keiser-01-06-2012

In this edition of the show Max interviews Paul Craig Roberts, Economist &Author.

He talks about the rampant and increasingly blatant banking frauds in the US and around the world. Paul Craig Roberts is an economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.
http://www.youtube.com/watch?v=zUiLTdjWlI0&feature=player_embedded

Paul Craig Roberts (born April 3, 1939) is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.[1] He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. Roberts has been a critic of both Democratic and Republican administrations.
http://en.wikipedia.org/wiki/Paul_Craig_Roberts

Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.
http://www.shadowstats.com/

MF Global: 'Stealth Finance'

The Commodity Futures Trading Commission voted unanimously to adopt what's now called, the MF Global Rule. And the timing and naming couldn't be more fitting now with the recent bankruptcy of the brokerage firm, MF Global, which is now missing about $1.2 billion in customer money. William Black, former Federal banking regulator and Associate Professor of Law and Economics at the University of Missouri-Kansas City joins the show.

http://www.youtube.com/watch?v=veYv2aDwitQ&feature=related

William Black tells the real truth
http://www.youtube.com/watch?v=as5Xq4_TDos&feature=related

Kyle Bass On Rehypothecation And Other Keynesian Endgame Scenarios

I do thing Mr Bass is right on the money in most of his basic assumtions and analysis. However why does he only look at official debt when you get an entierly different picture when including also off balance sheet debt and how can he argue US banks already have taken the hit writing off their debt?

Instead isen't the US large banks, or in fact all the large anglo-saxon banks for that matter, situation very much worse of when you also take in to account what in lay mans terms is reffered to as the shaddow banking system? Or how about the totally unregulated and extensively leveraged in excess of$ 600 trillion derivatives market and considering that e.g. JP Morgan only is claimed to sit on some 40% of all the derivateives in the US?

Needless to say with a gray market that size with no oversight, levereged up to in some cases well over 200 times only what in fact may be very minute negative positions can blow up all the worlds largest banks in the blink of an eye.

The only thing that has been able to hold these markets up, and in fact the ww derivatives market has grown since 2008, has been the ability to create new debt creation via the central banks and extensive money printing. With now debt saturation becoming the real, ultimate and definitive showstoper not only in the private sector but for sure also in therms of goverment debt thats a now a ponzi scheme about to stop.

Bottom line when Greece defaults not only French and German banks will fail but for sure also JP Morgan as well as HSBC will become history..Question is what will happen to the sovergin states like Germany, UK and the US. Who will be hiot the most and who will be able to get out on top?

Today it seems as anybodys guess but myselfI'n more inclined to beleive the paper based anglo saxon banks and states will find themselves in more dire strates that what may be the case for Germanic svear..

http://www.zerohedge.com/news/kyle-bass-rehypothecation-and-other-keynesian-endgame-scenarios

Hedge Fund manager Kyle Bass lays out the European disaster

Bass has made sharp and keen analysis going back before the Housing bubble, and is now betting against Germany and Japan as the next to potentially default on their debt.

http://www.youtube.com/watch?feature=player_embedded&v=K-F_QF1XTXI#!

Preserving the EU from the Destruction of the Euro

“Only fear of the consequences of a break-up is now keeping it together”.

The greatest policy mistake now building in the system is this: policymakers will confuse the temporary fall in commodity prices with a permanent reduction of inflation pressures: China, India, Australia come to mind. I think the opposite will turn out to be true. The recent crisis caused commodity prices to fall somewhat but the production constraints are now worse than ever due to lack of bank lending and working capital. So, commodity prices jump back up again very fast. This means central banks especially in emerging markets may start easing way too soon. I bet inflation pressures worldwide are barely beginning.
http://pippamalmgren.com/81.html

Keiser Report: Deutschmark & Drachma Revival?

http://www.youtube.com/watch?v=YtcX7EWNKIE&feature=player_embedded#!

Germany may in fact be preparing to abandon the Euro
http://www.pippamalmgren.com/79.html

SDRs Here we come

Jim Rickards from a recent Eric King Interview:

"With the G20 coming up, Eric, I think they are going to dust off the SDR solution. The next time there is a major global financial crisis the Fed is not going to be able to bail out the world because they are out of bullets, but the IMF and the G20 will be able to print these SDR’s.

At that point the game really is over. It will be very transparent that we’re just replacing one kind of paper money with another kind of paper money and that is going to accelerate the rush to gold.

As soon as people do the math, this is where you start to see these $5,000, $6,000, $7,000 an ounce price targets for gold. That’s coming sooner than people expect. Some time in the next couple of years we will see that radical transformation of the international monetary system into gold."

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/14_Jim_Rickards_-_Monetary_System_Will_Go_Gold_Soon.html

And as evident for all to see the preciouse markets are beeing maipulated as we speak, or how about the ever increasing new margins requirements escalating now in an almost hysterical fashion..?

That then as close you get to a real confiscation as its all about demonetising presious metals for the ordenary people. I mean if you can't trade it what's then the value..?

$7,000 an ounce of gold of course means inflation nothing else. Oil in the ground is where it's at as all economic activity 100% as well as our monetary system itself depends on oil.

Probability of Large-Scale False Flag Terror Event Increasing As European Banking Panic Looms

The leading factor compelling the Anglo-American power elite into a new false flag terror adventure is the now rapidly worsening breakdown crisis of the European and US banking systems. Almost 2 years of Anglo-American financial warfare against the euro, generally taking the form of credit default swap (CDS) assaults on European government bonds, have now created an extraordinarily serious crisis. There is presently a list of at least one dozen large European banks, each of whom is a candidate to play the role of Lehman Brothers in the blowup which can now be expected for some time over the next two months. This includes the top British banks.

This crisis is almost exclusively the handiwork of the City of London and Wall Street, and they have created it in order to relieve pressure on the dollar, and to neutralize the threat to the future role of the dollar as the world reserve currency. Over the past few days, Anglo-American commentators have been chortling as the dollar has picked up a few pennies of value compared to the euro.

The problem for the Anglo-Americans is that panic runs on European banks will quickly be translated into panic runs on US banks, and on the dollar. Institutions like Bank of America, Citibank, Morgan Stanley, and even the vaunted Goldman Sachs, which have existed as zombie banks thanks to government largess since September 2008, are now exhibiting telltale signs of a Lehman-like death spiral. In short, if the European banks blow, the London and New York banks will not be far behind. Maybe the Wall Street geniuses of international financial warfare should have thought of that before they embarked on their current lunatic beggar-my-neighbor campaign against their confreres in continental Europe.

Experience teaches that if the New York money center banks are faced by imminent bankruptcy, their first instinct would be to demand a second bailout of trillions of dollars at US taxpayer expense. The problem for them is that the first bailout has left such a bitter aftertaste that congressional passage of such a monstrous funding bill would be anybody’s guess. From the Wall Street point of view, this makes martial law a much more attractive alternative than in the recent past.

Under the impact of a huge false flag event, new bailouts could be railroaded through the Congress or even approved by Wall Street puppet Obama as executive orders and validated later. They could even be approved as a measure necessary for national defense in an emergency. The impact in Europe would be similar.

Martial law declared in response to a terror attack would automatically be used to suppress public protests against the bailouts and austerity cuts decreed by the zombie bankers and hedge fund hyenas. No matter what the ins and outs, a new terror crisis would help Wall Street get its money. And there is nothing like an imminent financial panic to make the Anglo-American ruling elite go collectively bonkers.
http://tarpley.net/2011/09/09/probability-of-false-flag-terror-event-increasing/

Nobel-prize winning economist Robert Mundell, whose research contributed to creation of the euro, said a Greek default would trigger a run on banks of “monstrous proportions.”

“This risk means that issues in Greece and the euro area are an international problem,” Mundell told reporters in Budapest today.

Th European Central Bank and the Federal Reserve should introduce a “very large” swap facility, in the range of $1 trillion, to tackle any potential dollar shortage, Mundell said.

Mundell, who is a professor of economics at Columbia University in New York, also said no country should leave the euro area because it “doesn’t solve any of the problems.”
http://www.bloomberg.com/news/2011-09-08/greek-default-would-cause-monstrous-run-on-banks-mundell-says.html

Debt Union: Czech pres doesn't want 'Euro straitjacket'

Being in the Eurozone is not so different from being in a straitjacket - that's according to the President of the Czech Republic, Vaclav Klaus. Speaking at an economic summit in Austria, the president also blamed the Euro for being responsible for the debt crisis that's currently ravaging the European Union. His comments echo growing hostility towards the single currency among nations once queuing to join the prestigious club. That as the Czech Prime Minister also questioned his country's requirement to sign up with the currency bloc, saying they were told it was a monetary union, not a debt union. But the EU leadership maintains the crisis is temporary, and the Euro is safe and secure - something that Johan Van Overtveldt, the editor-in-chief of Trends magazine, disagrees with.
http://www.youtube.com/watch?feature=player_embedded&v=8OMSdVfOgMY#!

About Europe, Gold and our monetary system

James G. Rickards ( www.tangentcapital.com ) and James Turk, Director of the GoldMoney Foundation, talk about the European sovereign debt crisis and the European Central Bank buying Italian bonds. They talk about the ECB’s role in the crisis and how it is becoming increasingly politicised, in contrast with its predecessor of sorts – the Bundesbank. They talk about the possible differences between Jean-Claude Trichet and his successor Mario Draghi. James Rickards explains how Europe is developing a common fiscal policy with a common Treasury, in the form of the European Financial Stability Facility (EFSF), which will dictate fiscal policy to many member countries – such as Greece – in exchange for rescue funds. Rickards is bullish on the euro, among other reasons because the eurosystem owns 10,000 tonnes of gold.

Rickards and Turk debate whether or not central banks really own the gold they claim to own, and talk about how the current currency war – with countries competing to see who can devalue their currencies the most – is a disastrous zero-sum game. They discuss the problems facing countries whose currencies are appreciating rapidly, such as Brazil and Switzerland, and what these countries might do to curb this appreciation.

They comment on the recent debt-ceiling debate and how the compromise reached, despite all the headlines, does not actually include any real cuts, including only cuts in proposed increases. Rickards mentions his four possible scenarios for the future of the international monetary system: SDR, gold, multiple reserve currencies or chaos.

They talk about the potential for hyperinflation as the US government continues to rely on debt, instead of revenue, to finance an increasing portion of its outlays. Jim Rickards sees the potential for both deflation and hyperinflation and explains that it will depend largely on the actions of the Fed, with Bernanke leaning more in the direction of more money printing.

They discuss South Korea’s recent acquisition of 25 tonnes of gold, as well as Indian and Chinese buying. Rickards explains that China is trying to bypass the world market by buying directly from miners.
http://www.goldmoney.com/video/rickards-turk-interview.html

Then this matter about Gold here is a somewhat different view what money is a nd sure a real viable way in order to reform our monetary system:

Stephen Zarlenga interview 1/6
http://www.youtube.com/watch?v=TjyrAmiK1FI

Nigel Farage A True Politation June 2011 part 1 Euro Zone Disaster Time Line

http://www.youtube.com/watch?v=TK0GdFOO_p0&feature=player_embedded

Urgent need for austerity measures for the finance sector

Really poor economic European outlook going forward

Quarterly growth in Germany slowed to 0.1 per cent; in France it has stopped. There is no easy way to restart the eurozone's economic engine. Lex's Edward Hadas and Vincent Boland discuss the problem, and the lack of a complete solution
http://video.ft.com/v/1112099070001/Eurozone-economic-engine-stalls

then what people discuss as a part of a "solution" its said is these Eurobonds (read Economies not able to get deacent financing on their own as they are in such a complete and utter economic distress will be ably to get fundings via Germany). Viable ... anyone?

So with poor economic growth outlook, indebtness as far as the eye can see one can but wonder why financing debt in any weay even should be discussed as part of any solution? Time to reverse this charade. Austerity for the Finance sector and let the banks fail and clear off the debt is whats in fact urgetly needed. Thats the ONLY way to ensure economic growth anytime in the future. If not well have decades of what only can be described as the Japanese disease of anemic growth.

Iceland sure has made progress and should in this regard be seen as the role model approach going forward.

QE3 by another name?

The US Federal Reserve announced that it will keep interest rates close to zero until 2013. Lex's John Authers and Edward Hadas discuss the implications for the bond market, the dollar and whether this is just QE3 via the backdoor
http://video.ft.com/v/1101860017001/QE3-by-another-name-

Fed should be thrilled
Ajay Rajadhyaksha, head of US fixed income strategy at Barclays Capital, tells Aline van Duyn, the FT’s US markets editor, that the Fed's decision to hold down interest rates until mid-2013 has so far had the intended effect of calming the risk markets.
http://video.ft.com/v/1101429063001/Fed-should-be-thrilled

Don't ignore the strengthening renminbi
While the currency markets have focused on the yen and Swiss franc, China's renminbi has been strengthening too. Investment editor Jennifer Hughes says China's vast dollar reserves could increase the pressure to float the renminbi.
http://video.ft.com/v/1102800914001/Don-t-ignore-the-strengthening-renminbi