new world order

Gold Rises, Dollar Rises, Stocks Fall: The Cyprus Disaster Begins

"Over the weekend, Eurozone bureaucrats at a closed meeting came up with a plan. The committee demanded that the government of Cyprus impose a tax of 3% on all bank accounts under $130,000, and close to 10% on all accounts over $130,000. If the government refuses, the Eurozone will not provide a $13 billion bailout for the banks of Cyprus. The story is all over the European press, for good reason. The Eurocrats had always said that bank accounts would be sacrosanct. This announcement says, 'We lied.' But they also assured depositors that this will never happen again. 'Trust us.'" Continue reading →

Continue ReadingGold Rises, Dollar Rises, Stocks Fall: The Cyprus Disaster Begins

Believe a Politician and You Will Lose Your Money

"The president of Cyprus assured voters that he would never, ever tax their bank accounts. Now he says the government must do this. Any voter who heard this assurance should have gone to his bank immediately and withdrawn half of his money. Then he should have sent another 40% to a German bank. The other 10% he might have left in his bank to meet existing expenses. Anyone who left all of his money in the bank was a fool. He trusted the head of the country." Continue reading →

Continue ReadingBelieve a Politician and You Will Lose Your Money

An Orwellian America

"We have been gradually disempowered by a corporate state that, as Huxley foresaw, seduced and manipulated us through sensual gratification, cheap mass-produced goods, boundless credit, political theater and amusement. Now that credit is drying up, good jobs for the working class are gone forever and mass-produced goods are unaffordable, we find ourselves transported from 'Brave New World' to '1984.' The state, crippled by massive deficits, endless war and corporate malfeasance, is clearly sliding toward unavoidable bankruptcy. It is time for Big Brother to take over from Huxley’s feelies, the orgy-porgy and the centrifugal bumble-puppy." Continue reading →

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In Greece: As ‘Austerity’ Ignites Masses, Elites Turn To Imperial Stormtroopers

"The usually reserved waitress at our favorite Greek-owned Sunday breakfast place approached us in dismay. Her daughter and son-in-law were escaping Greece for the US. Even middle class professionals were finding themselves digging in the garbage for food to eat, she said. Former Greek career diplomat Leonidas Chrysanthopoulos says that the government has hired Blackwater, the American private military firm infamous for its activities in Iraq, which now goes by the name 'Academi', along with five other international for-profit security outfits. He says bluntly: 'The Greek government does not trust the police whose salaries have also been cut.'" Continue reading →

Continue ReadingIn Greece: As ‘Austerity’ Ignites Masses, Elites Turn To Imperial Stormtroopers

The EU Robs the Bank In Cyprus – Coming to the USA Too?

"The Cyprus case illustrates that raiding savings deposits, which were once thought of as off limits, is an option that is very much on the table for desperate Western governments. They didn't ask. They just took, without permission, with no warning, and amid secret discussions. By hook or by crook, desperate governments will grab anything within their reach when they want to. They are not constrained by the laws that apply to the average citizen, or any sort of ethical considerations. They are only limited by 'what they can get away with.'" Continue reading →

Continue ReadingThe EU Robs the Bank In Cyprus – Coming to the USA Too?

Euro Minister Doesn’t Rule Out Taxes on Bank Deposits Beyond Cyprus

"Anxious depositors drained cash from automated teller machines in Cyprus over the weekend, hours after European officials in Brussels required that part of a new €10 billion bailout be paid for directly from the bank accounts of ordinary savers. The decision — a first in the three-year-old European financial crisis — raised questions about whether bank runs could be set off elsewhere in the euro zone. Jeroen Dijsselbloem, the president of the group of euro area ministers, declined Saturday to rule out taxes on depositors in countries beyond Cyprus, although he said such a measure was not currently being considered." Continue reading →

Continue ReadingEuro Minister Doesn’t Rule Out Taxes on Bank Deposits Beyond Cyprus

What to Keep in Mind about the Tax on Cyprus Bank Deposits

"Those who lent money to Cyprus’s banks by buying their debt rather than by depositing money at the banks, will suffer no losses at all. Those who lent money to the insolvent Cypriot government, will be paid off at 100 cents on the euro. In other words, the banksters are protected. Only depositors with banks will suffer losses in this International Monetary Fund engineered plan. It's as blatant example of who the IMF really works for. This is not the liquidation of a bad system. It is an attempt to protect the crony system and the banksters who are part of it. It is a tax on the 'little people' who keep their funds in the form of deposits, rather than bonds." Continue reading →

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U.N. development chief slams War on Drugs

"Helen Clark, the head of the United Nations Development Program, has publicly slammed global strategies to combat drugs, claiming there is increasing evidence that 'the war on drugs' has failed. The former prime minister of New Zealand urged Latin American leaders to develop new policies to tackle drugs, which she says should be addressed as a public health problem rather than criminalized." Continue reading →

Continue ReadingU.N. development chief slams War on Drugs

IMF Goes Directly After Bank Depositor Money In Cyprus Bailout Plan

"The IMF today took an unprecedented step to grab bank depositor money. In a new plan to bailout the government of Cyprus, under the watchful eye of the IMF, depositors in Cypriot banks will be hit with a one-time tax on their savings, as part of a €10 billion ($12.96 billion) bailout. In a deal, announced early Saturday, accounts with more than €100,000 will be taxed at 9.9%, those with less at 6.75%, raising an expected €5.8 billion for the near-bankrupt nation. Cypriot Finance Minister Michalis Sarris said the Cypriot Parliament would adopt the taxes over the weekend and the money would be extracted from accounts before banks take up business Tuesday." Continue reading →

Continue ReadingIMF Goes Directly After Bank Depositor Money In Cyprus Bailout Plan