“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat”
World Bank Creating Poverty
Some interesting insights from insiders……it’s all happening according to their master plan. www.forbiddenknowledgetv.com/videos/geopolitics/world-bank-creating-poverty.html
Don't lose your constitutional rights. Learn them!
Here’s a tool for you aware yanks to raise the awareness level of the majority so you can all get out of the pot and not into the (line of) fire! http://www.knowyourbillofrights.com/
Financial ‘perfect storm’ slams Aussie banks – time for CEC solutions
A perfect storm of financial disasters has slammed into Australia’s banking system this week, pushing it to the precipice of total collapse, and forcing a panicked Reserve Bank to cut interest rates.
Responding to the emergency, Citizens Electoral Council leader Craig Isherwood today demanded the immediate enactment of the CEC’s policies of Glass-Steagall bankruptcy reorganisation and the establishment of a new, government-owned national bank.
The perfect storm that has struck the Australian banks includes:
A European-centred “credit crunch”, which cuts off the foreign “carry trade” that lends into Australia chasing higher interest rates. Australia’s big banks and miners rely heavily on this carry trade for foreign capital. The last time this happened, in October 2008, all of Australia’s major banks, including Macquarie Bank, were flattened, and only the Rudd-Gillard guarantee on their foreign borrowing kept them trading.
The China “sneeze” that gives Australia pneumonia: China is suffering its most severe manufacturing collapse since the depths of the GFC in January 2009, a flow-on from the crisis wracking its major consumers in Europe and the U.S. Back in 2009, China’s crisis brought world shipping to a standstill; its factories stopped importing resources from Australia; and coal export-dependent Queensland’s budget revenues collapsed. Australia was then saved from total collapse only when the Chinese accelerated their massive internal infrastructure development program, which kick-started Australian resource imports again.
A sharp increase in mortgage stress, coinciding with falling auction clearance rates and house prices across the country. Australia’s banks are heavily exposed to the property market, but at inflated, bubble values; a collapse of the bubble will wipe them out. Until now, heavy foreign investment via the carry trade has propped up the mortgage market, combined with the habit of longsuffering Australians to prioritise their mortgage payments over other living expenses. However, rising mortgage stress is driving a sharp increase in foreclosures, which, combined with falling sales, will drive down the property market even more, spelling doom for the banks. This likely forced the RBA’s hand on interest rates; however, lower interest rates undermine the carry trade even more, on which the banks are also reliant.
Australia’s supposedly great, strong, sound banks all suffered credit rating downgrades this week, as financial observers could no longer ignore the trouble they were facing.
Isherwood questioned whether the government was already acting behind the scenes to prop up the banks.
“Why are the major banks risking more public hatred by foot-dragging on passing on the rate cut?” he asked. “What is being discussed right now between the government and the banks, so the banks can stay afloat? We found out later that in these circumstances three years ago, Macquarie Bank was begging hysterically in a flurry of emails to its friends in the government for the bank guarantee, and the major banks all met with Rudd, Gillard, Swan and Tanner and said if the government didn’t step in, they would collapse ‘sooner rather than later’. All the while the government kept babbling that the banks are ‘sound’.
“It would be criminal if Gillard and Swan attempted to pull the same bailout they did in 2008, instead of solving the problem.”
Isherwood emphasised that today is the 100th anniversary of the passage of the Commonwealth Bank Act through the federal parliament:
“The anniversary of King O’Malley’s victory in achieving a national bank for Australia is a timely reminder of the only solution to this mess”, he said.
“The banking system must be reorganised, and put back under the control of a government-owned national bank that can direct Australia’s credit into investments in infrastructure, manufacturing and agriculture, to revive Australia’s actual physical economy.”
He concluded, “The financial crisis has now dragged on for more than four years, and all the bailouts and austerity by governments has only made it worse, far worse. It is time for the people to demand that the government serves their welfare, instead of the banks, and fight for the CEC’s policies to make them do that.” http://www.cecaust.com.au
Five things you can do right now to help stop the economic plundering of our world
How to Outperform Your Competition on Facebook
Read past the imperfect grammar, some useful data in here. http://www.site-reference.com/articles/outperform-competition-facebook
The Great Global Warming Swindle (Full Movie)
The film, made by British television producer Martin Durkin, presents scientists, economists, politicians, writers, and others who dispute the scientific consensus regarding anthropogenic global warming. http://www.youtube.com/watch?v=Ov0WwtPcALE&feature=youtu.be
Your online photos could lead thieves to your front door. Stop them now
Social networking sites make it easy to upload digital pictures. It’s simple. Afterward, part of the fun is reading the reactions of your friends. Unfortunately, scammers and would-be thieves are also finding opportunities via your photos. http://au.norton.com/clubsymantec/library/article.jsp?aid=cs_protect_your_digital_photos
How Long Should Your Email Subject Line Be?
Craig Stouffer of Pinpoint, an e-mail service, says subject lines that are 40 to 50 characters generate approximately twice the click-through rates of subject lines 70 to 80 characters in length.
Kleptocracy
Kleptocracy, alternatively cleptocracy or kleptarchy, (from Ancient Greek: “rule by thieves”) is a form of political and government corruption where the government exists to increase the personal wealth and political power of its officials and the ruling class at the expense of the wider population, often without pretense of honest service. This type of government corruption is often achieved by the embezzlement of state funds.
This is a link to a video of Chris Hedges author of “The Way It Is” talking at the Wall Street civil disobedience protest.
The protesters in Wall Street recognise, “that the political system is broken, that the commercial press, the judiciary, the elected officials are essentially wholely owned subsidiaries of the corporate state.”
“There is no way in the American political system to vote against the interests of Goldman Sachs.”
“We live in a society in which the citizenry has been utterly disempowered, rendered impotent. It doesn’t matter what citizens want.”
Hmmm… doesn’t sound anything like what is going on in Australia with the carbon tax scam, does it?
www.youtube.com/watch?v=uz5RxhahHK0