Goldman Sachs and It’s Global Coup De Tat

It’s a rigged game but most people don’t know it. “When the people of Greece saw their democratically elected Prime Minister George Papandreou forced out of office in November of 2011 and replaced by an unelected Conservative technocrat, Lucas Papademos, most were unaware of the bigger picture of what was happening all around them.

Similarly, most of us in the United States were equally as ignorant when, in 2008, despite the switchboards at the US Capitol collapsing under the volume of phone calls from constituents urging a “no” vote, our elected representatives voted “yes” at the behest of Bush’s Treasury Secretary Henry Paulsen and jammed through the biggest bailout of Wall Street in our nation’s history.”

Click the link below to see the rest of the story from truthout.org.

Goldman Sachs and its worldwide conflict

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Greece is in Flames and Revolution!

Molotov cocktails, tear gas and stun grenades are flying all over Greece. Over a million people are taking part in protests. Yesterday, 50,000 were rioting in the streets of Athens near the Parliament building over budget cuts that have benefited the bankers and wiped out the Greek economy. The riots have begun as the government begins discussion of a third round of budget cuts that will result in steep cuts in wages and pensions. 25 percent of the Greek population is unemployed, 50 percent of its young people have no jobs. Austerity, which means rewarding the bankers that serve as a financial conduit for the 1 percent, does not work. It only destroys the Greek economy and redistributes income from the 99 to the 1 percent. Mitt Romney has similar plans for the United States.

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The Federal Reserve to Meet over Lagging Economy, and They Won’t Deal With Reality

The plodding US economy, meager job growth and market tensions over Europe’s debt crisis will hang over Federal Reserve policymakers when they meet next week.

A recent string of weak data on the economy, from rising jobless claims to easing inflation as gasoline prices retrench, has raised speculation that the Fed may act to boost growth.

When the Federal Open Market Committee (FOMC) meets Tuesday and Wednesday, policymakers will know the outcome of Sunday’s Greek election, which could see voters reject the country’s EU-IMF bailout and force it to exit the eurozone. That would be a good thing for the 99 percent of Greece.

However, the Fed will not deal with the redistribution of income and wealth that has occurred over the last thirty years in the United States. That’s what ails the US economy.

The US government has enacted legislation during the last thirty years that has redistributed income from the 99 percent to the 1 percent; the 1 percent now receive about 27 percent of all income generated in the US compared to about 8 percent thirty-one years ago. That means the 99 percent have less cash to buy stuff, so the economy remains fragile because demand for goods and services is weak.

In the meantime, the 1 percent use their ill gotten income to find ways to suck more money out of the of 99 percent, like more free income redistribution trade treaties.

In other words, when the mighty officials of the Federal Reserve meet on Tuesday, perhaps they’ll look at ways to tweak the economy, because they have no intention of dealing with the reality of why the US economy sucks for the 99 percent. That would upset members of the 1 percent who control the US government, and who would then demand the political heads of Ben Bernanke and other Federal Reserve officials.

On the other hand, it’s possible the Federal Reserve is meeting to decide just how they can put more money into the hands of the rich, especially since the Fed has given $26 trillion to the banksters and fixed their books to make it look like the money was paid back when it was impossible to have done so. So perhaps they’re meeting to decide how they can suck more cash out of the 99 percent and give it to the 1 percent. That is their job, or so it seems.

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Breakdown of the $26 Trillion the Federal Reserve Gave Out to Save Incompetent Investors

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Nobel Prize Winning Economist Paul Krugman: Obama ‘screwed up’ the ‘private sector is fine’ line

New York Times columnist Paul Krugman criticized President Barack Obama Monday morning for his much discussed “Private sector is doing fine” quote.

“That was an unfortunate line,” Krugman said. “The president bungled the line. The truth is, the private sector is doing better than the public sector, which is not well enough.”

The Nobel prized-winning economist explained how the president was technically correct in comparing the private sector numbers to its anemic public sector counterpart, but further added how Obama was clumsy with his words.

Click the link below for Krugman’s analysis of the coming election, as well as possible Eurozone collapse.

click here for the story and video of Krugman

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Greece is about the leave the Eurozone

The Greek government is limited in its abilities to use fiscal policy to stimulate its economy because Greece is attached to the euro. Germany governs how and when an expansion of the euro will take place, and the Germans are mostly worried about inflation, which is not a problem that Greece has. Attachment to the euro has created a disaster for Greece. Now the government there is preparing to leave the Eurozone. Staying in the eurozone redistributes income from Greek citizens to foreign bankers because the government needs to borrow money in order to stimulate the economy, and the terms of the borrowing has been onerous for the citizens of Greece since linkage to the euro has pushed the nation into a deep and long lasting recession since 2009.

Banks prepare for the return of the Greek drachma

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Greek Voters Kicking Out Their “Bankers Collaborators” Government

Exit polls in Greece suggest the Greek people have decided get rid of their government of the bankers. The government has virtually no ability to engage in fiscal policy to stimulate the economy because they’re tied into the euro, which is controlled by the high powered Germans. The euro is a failure since the Greeks have been forced to cut their social safety net in order to secure loans from banksters to pay off bonds that are coming due. The result of this “austerity madness” has been a worsening economic crisis, further deepening the economic disaster, and ordinary folks are paying the price. Now they’re justifiably mad.

Click here for "Greeks Kicking Out Their Worthless Government"

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The 99 Percent of Greece Are Getting Screwed by the European Bankers Again

A deal has been reached between the Greek government and the rest of the Eurozone. Greece will get a series of loans that should save it temporarily from defaulting on government bonds; the deal will also ensure Greece will move deeper into misery and that the current recession that began five years ago will get worse.

Unemployment is already at 20 percent. It will grow because the new austerity measures include slashing pensions and lowering the minimum wage from 751 to 580 Euros per month. That’s called slashing the demand for goods and services. That’s called increasing misery. The Greek government is facing insolvency, dissolution and probably revolution in the coming months.

The Euro is good for the European banksters, but bad for the people of Greece. The Greek politicians know this.

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Greek Bailout Deal Edges Nearer as Greece Disolves Like Alka-Seltzer in Water

European governments are giving Greece a bailout. However, the best thing for Greece is to leave the Eurozone and reestablish its old currency. That way the Greek government will be in charge of stimulating its economy. The government is selling off islands and ports in order to stay afloat. That won’t work, except perhaps in the short run. Greece’s problem is simple. It can’t stimulate its economy using fiscal policy. At some point, Greece may need to leave the Eurozone, along with most of the zones other nations.

click here for the complete story

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Protesters battle Greek police as parliament decides

(Reuters) – Greek lawmakers looked set to endorse a new austerity deal on Sunday to secure an EU/IMF bailout and avoid national bankruptcy, defying public rage and protesters who fought pitched battles with riot police outside parliament.

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Greek Unions Unleash 48 Hour Strike as Eurozone Begins Crackup

Greek labor unions are fighting back against the failure of government austerity measures.

click here for the complete story

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