US Government Shutdown Threatens Disruptions To Global Credit – 14 October 2013

This week, the US may be forced to default on its $16.8 trillion debt if a deal to raise the ceiling is not struck. And some US legislators are acting “irrationally” enough to indeed allow it to happen, Professor Jeffrey Sommers told RT.

If the US defaults on its debt, the entire global economy could be hit, IMF chief Christine Lagarde warned over the weekend. “We would be at risk of tipping, yet again, into recession.”

Read the whole article at: www.rt.com / link to original article

Advertisement

Current – LIBOR Explained And It’s Implications – It’s Over For The Banking Cabal – 6 July 2012

Uploaded on 4 July 2012 by 2012sprint .

Matt Taibbi – Senators Grovel, Embarrass Themselves At Dimon Hearing – 16 June 2012

I was unable to watch J.P. Morgan Chase CEO Jamie Dimon’s Senate testimony live the other day, so I had to get up yesterday morning and check it out on the Banking Committee’s web site. I had an inkling, from the generally slavish news reports about the hearing that started to come out Wednesday night, that it would be a hard thing to watch.

Benjamin Fulford – Reader Updates – 23 May 2012

Exclusive: U.S. lets China bypass Wall Street for Treasury orders

Dear Mr. Fulford,

Can you please tell us what the real significance of this story is (for those of us who don’t speak finance) in your next blog?  It seems like it’s a very important event to a layperson like me.  Thanks so much!
http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521

Answer Fulford:

Ellen Brown – The Shadow Bailout : How Big Banks Bilk US Towns And Taxpayers – 22 March 2012

Wall Street Confidence Trick: The Interest Rate Swaps that Are Bankrupting Local Governments

The “toxic culture of greed” on Wall Street was highlighted again last week, when Greg Smith went public with his resignation from Goldman Sachs in a scathing oped published in the New York Times.  In other recent eyebrow-raisers, LIBOR rates—the benchmark interest rates involved in interest rate swaps—were shown to be manipulated by the banks that would have to pay up; and the objectivity of the ISDA (International Swaps and Derivatives Association) was called into question, when a 50% haircut for creditors was not declared a “default” requiring counterparties to pay on credit default swaps on Greek sovereign debt.

For more reading see link:  http://www.commondreams.org link to original article

John Ward – Sketch : Time Running Out For Al-Blankfein As Wall Street Spring Arrives Early – 20 March 2012

al-Blankfein with close ally J’aymee Demon

Internal reforms denounced as ‘window dressing’

Now that it is clear that L’oyd Al-Blankfein’s evil regime at Goldman Syria has the natives in open revolt, I think it’s high time the UN stepped in to boycott the firm’s products. Before fleeing dissident Greg S’mith’s open letter to Nu YorJhatimes, of course, we all knew anyway that Goldman was up to no good. It was bankrolling Greek embezzlers and working with the terrorist organisation Hedgbofund, but the point is that, now weve been told they crap on clients, well….we have no choice but to condemn it.

Pat Garofalo – Goldman Sachs Launches Counterattack On Greg Smith – 15 March 2012

Goldman Sachs’ headquarters in New York. Greg Smith wrote in an essay for the New York Times that the firm had lost its moral compass.

Now a counterattack is launched.

This is the link to the original article from www.thinkprogress.org

Original article written by Pat Garofalo, ThinkProgress,  15 March 12

This is the youtube video used in the article and original article.

http://www.jhaines6.wordpress.com link to article

 

John Ward – DEBT SWAP ‘RESULT’: Hold The Euphoria….Validation, Scrutiny And Poison Pills Still To Come – 9 March 2012

The White House-Wall Street-Berlin-Frankfurt plan is still on track

Before everyone forgets what The Slog has said in recent days about this tiresome debt-swap mirage, let me just summarise:

1. I said plans had been put in place for a Greek default March 23rd. The last date set for bond-swap settlements announced yesterday is….March 23rd.

FBI Building Insider Trading Cases On 120 People – Herald Sun – 28 February 2012

(The FBI is investigating suspected criminal insider trading on Wall Street. AFP)

FEDERAL authorities are seeking to build insider trading cases against roughly 120 individuals on and off Wall Street in an expanding criminal insider trading investigation that has shaken the financial and corporate worlds.

Pat Donworth – Taibbi: Good Foreclosure Deal Could Open The Door To Ending Up With Half Of Wall Street In Jail – 29 January 2012

Here is the Matt Taibbi interview video :