Friday, September 23, 2011

Live now NYC protest Video Stream + IRC Chat

http://12160.info/page/live-now-nyc-protest-video-stream-irc-chat-occupywallst-ows

Moody's cuts three US bank ratings

INTERNATIONAL. Moody's chopped its credit ratings for three of the top US banks -- Bank of America, Wells Fargo and Citigroup -- saying it saw the US government less willing than before to rescue them if they become unstable.Moody's said it believed that the US commitment to save "systemically important" banks had diminished since the 2008-2009 crisis when the government extended hundreds of billions of dollars to financial institutions to keep the banking system from collapse. http://www.bi-me.com/main.php?id=54559&t=1&c=61&cg=4&mset=1011

U.S. Stock Futures Drop on Jobless Claims

U.S. stock futures slumped, indicating the Standard & Poor’s 500 Index will fall for a fourth day, as more Americans than forecast filed jobless claims last week, adding to concern about global economic growth. http://www.bloomberg.com/news/2011-09-22/u-s-stock-futures-drop-on-signs-global-financial-system-risks-are-growing.html

World markets slump after US Federal Reserve warning

World markets slumped today as fears of a global recession were reignited by a gloomy outlook from America's central bank.     http://www.independent.co.uk/news/business/news/world-markets-slump-after-us-federal-reserve-warning-2359020.html

Greece accelerates austerity cuts in return for aid

The Greek people get the shaft! The Greek government gets a bribe to screw its own people. The carrot and the stick!

The Greek government is to impose tougher austerity measures in a move to persuade international lenders to give it more bailout funds.
A cabinet meeting on Wednesday agreed to further cuts in pensions, to extend a property tax, and to put tens of thousands of public workers on notice.
It follows two days of tough talks with the International Monetary Fund (IMF) and European authorities.
Some state pensions will be cut by up to 20%, a government official said.
The Greek cabinet met for more than six hours to discuss further austerity measures in return for an 8bn-euro (£6.9bn) tranche of aid needed to avoid default.  http://www.bbc.co.uk/news/business-15011770

Taking Control of Our Money

F**K The Fed



Video: Fuck the Fed -- By Neal Fox

It's not a profanity-laced tirade. The message is the following:

  • "The Federal Reserve is not a government institution. It's a group of privately-owned banks to whom Congress illegally gave away the right to print the nation's money. Now they print it, loan it to us, and we pay it back with interest."

What follows is a simplistic assumption that has several caveats, but, if we still retained the right to print our own fiat currency, we would not have a national debt, as it would all have been printed away free of charge. However, the power of the nation's printing press in the hands of Congress would not be without its own complications.