EUROPE | WHAT REALLY HAPPENED


EUROPE

Nov 17 08:54

Army Convoy Belgium


We don't see those so much here in Belgium. I think we are also gearing up regarding the escalation in Ukraine. (We are a NATO Member) For me it was in fact the first time that I saw this in my country.

Nov 17 08:47

Swedish Armed Forces Deny Russian Aircraft Violated National Airspace

The Swedish Armed Forces denied Monday reports that a Russian aircraft allegedly violated its national airspace on Saturday.

“[The JAS fighter aircraft] were launched because of a French plane. We do not provide any further details as the incident is now being studied,” the Head of Press at the Swedish Armed Forces, Philip Simon said on-air at Radio Sweden.

Nov 17 07:19

Israel may face EU sanctions for hampering 2-state solution – secret document

Israel could soon find itself in trouble and face the wrath of Brussels: any further attempts to pose obstacles to a two-state solution with occupied Palestine could result in sanctions, Haaretz revealed, citing a 'confidential' EU document.

The classified paper was originally intended for internal circulation among the 28 member states, but word of its existence reached Israel after some of its diplomats in the EU leaked the fact to the Foreign Ministry back home.

Although the Israelis could not secure the full text of the document, some important details have come out, thanks to three EU diplomats and two senior Israeli officials.

Nov 17 06:17

G20 Retrospective and Doubts

While the Australian government was pampering and welcoming global leaders – the homeless were NOT welcome. Scoot. Away with you beggars and bludgers.

There was no shirt-fronting, but a lot of snubbing of President Putin who is still being blamed for MH17 – based on mainstream propaganda (The leaders and their lackeys haven’t bothered with the facts).

Webmaster's Commentary: 

"Facts? WE don't need no stink' facts! We have ... good intentions!" -- Official White Horse Souse

Nov 14 11:57

Sweden releases sonar image confirming 'foreign submarine'

The grainy image shows underwater tracks allegedly left by the vessel.

Several sightings of an unidentified object near Stockholm sparked a huge search and Sweden's biggest military operation in years.

Naval vessels and planes searched waters near the capital but were unable to identify any intruding vessel or say which country was responsible.

Suspicion fell on Russia, but its defence ministry denied any of its ships were involved.

"The military can confirm that a small U-boat breached Sweden's territorial waters," the head of Sweden's armed forces, Gen Sverker Goransson, told a news conference.

Webmaster's Commentary: 

Submarines generally avoid hitting the bottom let alone dragging along it. In Dr. John Craven's book "The Silent War" he relates a story of a US submarine, specially equipped for espionage work, getting literally stuck in the mud at one point on a mission, then uncontrollably bobbing to the surface when it finally freed itself, leading to a serious chase by anti-submarine forces from the nation being spied on.

In this case, looking at the image, I wonder if the US was running a test of the new underwater drones they are developing and somehow the depth system was off the mark, leading the drone to try to sail through the mud rather than the water.

Nov 14 11:21

Italy's Grillo: "We Are Not At War With ISIS Or Russia, We Are At War With The ECB"

Nov 13 11:32

NATO 1949: The Origin of an Offensive, Expansionist, Imperialist Military Alliance

The North Atlantic Treaty Organization, NATO, was launched sixty five years ago following the signature of the Atlantic Pact in 1949. The original member states that came together under US tutelage claimed that their alliance was dedicated to the preservation of peace and to the defence of Western Europe against the supposed threat of military aggression. It is noteworthy that the launch of NATO coincided with the intensification of the Cold War, the political division of Germany and the first tentative steps by the US and Britain to rearm the new West German state.

Nov 13 07:58

EU must cease "material support" for Israel’s crimes, say leading trade unions

More than 300 political parties, trade unions and campaign groups have called for the suspension of a key agreement between Israel and the European Union.

The appeal urges the EU to freeze the “association agreement” with Israel. That deal, which entered into force in 2000, facilitates largely unrestricted trade between the EU and Israel and allows Israel to participate in a wide range of the Union’s programs.

Webmaster's Commentary: 

So the EU is as much a sell-out to Israel as the US is. Imagine my shock.

Nov 11 13:27

Catalan Vote: Disturbance in the Farce

The smiles did not extend to Madrid, where until the very moment the ballots opened there were still thinking the Catalans would not have the collons to defy god, king and country. In fact, on Sunday morning at 9AM the crypto fascist party UPyD requested the Barcelona weekend judge to stop the vote, confiscate the ballots and arrest the table officers and political instigators using force if necessary. The judge delicately told them to shove off, saying that the proposed measures were disproportionate to the situation. And so the vote was held in peace, with the only exception of Girona, where a group of skinheads bumrushed a voting point, kicked the ballot box to the ground and, in a textbook case of instant karma, were smote by the violent gentlemen of a local rugby team which just happened to be there voting. Never had a gaggle of skinheads been happier to see the police arrive to arrest them.

Nov 10 09:15

Government Has "Trampled On Us Too Much"; Over 2 Million Catalans Vote In Symbolic Referendum For Independence

With well over 1 million Catalonians already voted by the middle of the day, Catalonia's 'illegal-in-the-eyes-of-the-Spanish-government' vote for secession appears to have garnered more relative public support than Americans who voted for real this week. As threats from Rajoy and the Spanish government grow louder, the Catalan president Artur Mas rather sarcastically noted "we're running a high-quality democracy here," adding that "it has been difficult to get to this point... which is incredible in a democracy."

Nov 06 15:05

Clashes, water cannon, tear gas in EU’s ‘capital’: Anti-austerity anger in Brussels

Nov 06 10:56

Demonstration gone wrong [RIOT]

Webmaster's Commentary: 

The face of European "democracy" in action.

Nov 06 08:21

Clashes, water cannon as 100,000 march in Brussels against austerity (PHOTOS)

Violent clashes broke out in Belgium as more than 100,000 protesters marched in Brussels against the government’s austerity measures. Police deployed water cannon and tear gas as the protesters started upturning cars.

The violence flared up at the end of an otherwise peaceful protest, with tear gas deployed as some radical demonstrators hurled objects at riot police and launched attacks with metal barriers against officials. Some set off colored smoke flares.

Nov 06 08:06

Norway is TOO WHITE… According to the President of Jewish Communities in Oslo…

“The Norwegian people have very little experience dealing with minorities… So we have a BIG “job to do” in bringing minorities to them, according to Ervin Kohn.

Kohn is the President of The Jewish Community in Oslo and the Deputy Director at the Norwegian Center Against Racism.

The question is, since when did Norwegians decide they needed an organization to solve the “problem” of racism in their country? After all, isn’t Norway a homogenous country?

Not for long, if Kohn has his way…

Nov 05 14:31

Spain Moves Military Assets Into Catalonia Ahead Of Weekend's 'Illegal' Secession Vote

"Everything is all set for Nov. 9," says a senior Catalan regional government official as the region prepares to defy both the central government and the country's highest court and proceed with a much-disputed weekend vote on whether to secede from Spain. And while the Spanish government has not specified what legal consequences Catalan leaders, poll workers or voters might face Sunday, when they go to vote, The LA Times reports that Madrid has reportedly readied thousands of Civil Guard police officers to travel to Catalonia this weekend if needed.

Nov 05 09:17

Germany’s Third Largest Political Party Sells €1.6 Million Of Gold In Two Weeks

Disillusionment with Europe’s single currency continues to grow with the cracks beginning to show in it’s heartland, Germany, where the third largest political party is now selling gold coins and bars to raise funds.

Nov 04 12:21

It begins: German bank charging NEGATIVE interest to its customers

Central bankers today have an equally delusional view of the world. Just three months ago, Mario Draghi (President of the European Central Bank) embarked on his own Quixotic folly by taking certain interest rates into NEGATIVE territory.

Draghi convinced himself that he was saving Europe from disaster. And like Don Quixote, everyone else has had to pay the price for his delusions.

On November 1st, the first European bank has passed along these negative interest rates to its retail customers.

Nov 04 11:25

NATO asks US for more troops in Baltic states, Poland to counter ‘Russia threat’

The North Atlantic bloc has asked the Pentagon to send more troops to Eastern Europe to counter the perceived threat of Russia. There are currently 750 US soldiers in Poland and the Baltic states, but the organization believes that this is not enough.

Webmaster's Commentary: 

Nov 04 07:10

Witness: foreign military pointed weapon at cars

One driver got in touch with Swedish Radio P4 Jönköping to report witnessing soldiers in a foreign military vehicle pointing an automatic weapon at cars on the 47/48 highway between Mullsjö and Jönköping.

Nov 03 13:51

How The Petrodollar Quietly Died, And Nobody Noticed

Two years ago, in hushed tones at first, then ever louder, the financial world began discussing that which shall never be discussed in polite company - the end of the system that according to many has framed and facilitated the US Dollar's reserve currency status: the Petrodollar, or the world in which oil export countries would recycle the dollars they received in exchange for their oil exports, by purchasing more USD-denominated assets, boosting the financial strength of the reserve currency, leading to even higher asset prices and even more USD-denominated purchases, and so forth, in a virtuous (especially if one held US-denominated assets and printed US currency) loop.

Nov 03 08:51

How the fall of France could cement the rise of Ukip

“I wouldn’t hold French shares,” said Nigel Farage with a wink, belying his previous life as a stockbroker. “The country is in real trouble,” the Ukip leader told me at an investment conference in London last week. “As someone who loves France, it gives me no pleasure to say that.”

While Mr Farage casually dishes out advice to sell French stocks, he knows only too well that, for all his admiration of Gallic gastronomy and tabacs, the singular weakness of the French economy, and related political fall-out, is playing into his hands.

Nov 03 08:50

Germany says UK could leave EU if David Cameron insists on migrant quotas

David Cameron's bid to overhaul freedom of movement rules to restrict immigration from within the European Union could take Britain to a "point of no return", German government sources have reportedly warned

Webmaster's Commentary: 

Good!

Nov 03 08:37

Mandatory Mandarin: Portuguese kids take compulsory Chinese class

A town in northern Portugal has made Chinese obligatory for 8- and 9-year old school children, in order to boost the kids’ abilities for future competition in the thriving Chinese market.

Nov 01 09:08

Israeli left-wingers urge Spanish parliament to recognize Palestinian state

Hundreds of prominent left-wing figures from politics, academia, the arts, the media, and the military signed a letter on Friday urging the Spanish parliament to vote in favor of recognizing a Palestinian state.

Just one day after the Swedish government followed through on its symbolic pledge to accord recognition to Palestine, Israeli leftists sought to bring their influence to bear on the parliament in Madrid, which is expected to hold another symbolic discussion regarding recognition of a Palestinian state.

Oct 30 11:08

Nato jets intercept Russian warplanes following 'unusual level of air activity'

Nato aircraft have been scrambled to shadow Russian strategic bombers over the Atlantic and Black Sea and fighter planes over the Baltic in what the western alliance called an unusual burst of activity as tensions remain elevated because of the situation in Ukraine.

In all, Nato said, its jets intercepted four groups of Russian aircraft in about 24 hours since Tuesday and some were still on manoeuvres late on Wednesday afternoon.

“These sizeable Russian flights represent an unusual level of air activity over European air space,” the alliance said.

Webmaster's Commentary: 

If I were Putin and knew the US was trying to start a war, I would probably call for some additional training.

Oct 30 10:07

SPOOF ON SWEDEN’S RECOGNITION OF A PALESTINIAN STATE

Image created by our new Associate Artist, Gianluca Costantini.

Oct 30 10:02

Sweden officially recognizes Palestinian state, Israel recalls ambassador

Sweden has recognized the occupied state of Palestine officially, according to its foreign ministry. The Scandinavian has become the first West-European EU state to recognize the territories. Israel has recalled its ambassador in Sweden in protest.

The news follows an earlier hint by Prime Minister Stefan Lovfen in his Social Democrat manifesto, during his inaugural address in October, that this would happen. The idea was quickly met with criticism from the United States and Israel.

"Our decision comes at a critical time because over the last year we have seen how the peace talks have stalled, how decisions over new settlements on occupied Palestinian land have complicated a two-state solution and how violence has returned to Gaza," Foreign Minister Margot Wallstrom told reporters.

"By making our decision we want to bring a new dynamic to the stalled peace process."

Oct 30 09:28

The Wrath of Draghi: First German Bank Hits Savers with Negative Interest Rate

Deutsche Skatbank, a division of VR-Bank Altenburger Land, which was founded in 1859, is not the biggest bank in Germany, but it’s the first bank to confirm what German savers have been dreading for a while: the wrath of Draghi.

Retail and business customers with over €500,000 on deposit as of November 1 will earn a “negative interest rate” of 0.25%. In less euphemistic terms, they have to pay0.25% per annum to the bank for the privilege of handing the bank their hard-earned money or their business cash.

“There will be no direct impact on your savings,” the ECB announced five months ago. “Only banks that deposit money in certain accounts at the ECB have to pay.” But it added ominously, “Commercial banks may of course choose to lower interest rates for savers.”

And that would be good for savers:

Webmaster's Commentary: 

To those of you in the US who say, "That CANNOT possibly happen in the US", please think again.

Have no more money in your checking account than is needed to pay your bills. Place all the rest of your money under your personal control. Think about getting small, untraceable amounts of gold and silver to add to your personal portfolio.

Inflation in the US has already catastrophically destroyed whatever you have saved; the suppression of gold and silver value will not continue forever.

Oct 30 08:16

Why Sweden recognized the Palestinian state

Sweden joins Malta and Cyprus, as the third European nation officially recognizing a Palestinian state. The British Parliament also voted to recognize the Palestinian state earlier this month, in a symbolic vote.

Webmaster's Commentary: 

Oct 28 15:18

EU funding row sparks huge surge in UKIP support – poll

Support for Britain’s anti-EU UK Independence Party (UKIP) has reached a record high following Brussels’ recent effort to levy a mammoth £1.7 billion extra charge on Britain, a new poll reveals.

The results of The Independent’s ComRes survey, published on Tuesday, are a welcome development for Nigel Farage’s Eurosceptic party, which is aiming to secure its second seat in the House of Commons in November.

UKIP is also hopeful its first ever Police and Crime Commissioner will be elected later this week.

Oct 28 15:17

UK economy stronger than first thought after drugs and prostitution boost GDP figures

Figures show that the UK economy shrank by 6% at the height of the recession in 2008-09, lower than the previous estimate of 7.2%.

This is because the ONS's GDP calculations now include contributions to the economy from prostitution and sales of illegal drugs. In total, the new inclusions contributed £10bn to the UK in 2009 alone.

Webmaster's Commentary: 

Desperation on the cusp of madness.

Oct 28 06:59

Canada stands to lose plenty in European free trade deal

Just as the Ottawa celebrations were beginning, a German cabinet minister announced that Germany wouldn't sign the deal unless the clause that allowed companies to sue governments was deleted. This key issue had previously been the lost cause of leftist researchers. No more.

Oct 27 13:47

In Historic Shift, NATO-Member Poland Is Moving Thousands Of Troops To Its Eastern Border

In the first sign that, just in time for winter, the tentative European jawboning alliance against Russia is collapsing (since the "costs", sanctions and other economic means inflicted upon the Kremlin ended up backfiring and pushing Europe into a triple-dip recession instead), earlier today Poland announced that it will move thousands of troops toward its eastern borders, i.e., Ukraine, in what AP dubbed a "historic realignment of a military structure built in the Cold War."

Oct 27 10:45

Foreign Interference In The Yugoslav Elections

Before as well as during the electoral process conducted so far, the Federal Republic of Yugoslavia and its citizens have been incessantly exposed to systematic and brutal pressure by some influential international factors, primarily the United States Administration and NATO countries, with an undisguised aim of directly interfering in the electoral process in the FR of Yugoslavia and of bringing an inadmissible pressure to bear on the electoral will of its population.

Oct 27 10:00

No "distress signal" to Kaliningrad

The military underwater hunt has ended with no concrete evidence of what caused the alert.

But during the search newspaper Svenska Dagbladet had reported sources which claimed the hunt took place in the context of an encrypted distress signal between a point in the Stockholm archipelago and the Russian enclave of Kaliningrad, between Poland and Lithuania.

Dagens Nyheter requested the documents concerning the signal's interception.

The military usually replies that the documents are classified. This time they were not even able to do that.

"Nothing like that exists, the report is false," says one of Dagens Nyheter's own anonymous sources, within naval intelligence.

Oct 26 07:41

13 European Banks Don't Have Enough Money To Survive A Financial Crisis

The European Central Bank said on Sunday that 25 eurozone banks showed a capital shortfall, after a year-long review of finances for 130 of the largest banks in the euro area.

Webmaster's Commentary: 

"No problem; we'll just print a whole bunch more out of thin air and loan it to them at interest!" -- Money Junkies

Oct 24 10:25

"We won't pay," furious Cameron tells EU over surprise budget

In a vivid display of public fury at European Union technocrats, British Prime Minister David Cameron refused to pay a surprise 2.1-billion-euro bill on Friday as EU leaders ordered an urgent review of how the budget figures were arrived at.

As Eurosceptics at home leapt on news that the EU executive -- branded a "thirsty vampire" -- had demanded a sum worth about one seventh of London's annual payment after a major statistical review of national incomes, Cameron demanded action from fellow leaders at a summit calling the bill "completely unacceptable".

He found some sympathy - a visibly furious Cameron told a news conference that Italian Prime Minister Matteo Renzi had also lambasted "bureaucrats without a heart", who made it harder to persuade citizens of the Union's value.

Webmaster's Commentary: 

If England refuses to pay, the whole pyramid will collapse, triggering an estimated $95 trillion in credit default swaps sold my Wall Street, for which they do not have the cash to pay. So, will Obama now declare war on Great Britain to force them back into the obedience of the private central bankers?

Oct 24 09:32

Hands off our hookers' and dope dealers' money, U.K. tells E.U.

The European Union has ordered the U.K. to pay an extra €2.1 billion ($2.65% billion) into its central budget by December, once again inflaming the British sense of grievance at the perceived machinations of unelected Eurocrats in Brussels.

...

Cameron himself tweeted that he was “angry at the sudden presentation of a €2 billion bill,” adding: “It’s an appalling way to behave and I won’t be paying it on Dec. 1.”

In one sense, at least, they are right. It is unfair, because one thing is for sure: whatever happens, it won’t be U.K.’s coke dealers and hookers who end up paying that €2.1 billion.

Oct 22 12:48

Denmark's central bank to stop producing money

With more and more people paying with credit cards and their smartphones, Denmark’s central bank Nationalbanken says it no longer pays to print banknotes or mint coins.

Webmaster's Commentary: 

And how do they pay when the cloud goes down (again)?

Oct 22 07:05

EU seeks talks with Israel over ‘red lines’ in West Bank

The European Union is interested in opening negotiations with Israel with the aim of preventing a series of Israeli moves in the West Bank deemed “red lines” which may jeopardize the possibility of a future Palestinian state alongside Israel, an internal EU document obtained by Haaretz reveals. Officials in the Israeli Foreign Ministry are concerned the negotiations are a prelude to further European sanctions against Israel.

Oct 21 15:20

Moldova commits economic suicide for Brussels

During the last CIS summit in Minsk, an unpleasant incident occurred. The journalists, who could hardly hear what the presidents of Moldova and Russia were talking about, assumed that, at some point, the presidents were going to have a verbal fight with each other. The presidents were talking about the Association of Moldova with the EU and the introduction of Russia's sanctions in response.

The unpleasant incident with the verbal fight, which Moldovan President Timofti started at the summit in Minsk, was not incidental.

Oct 21 10:03

Greece Is In Full-Blown Stock Market Collapse

As if the world didn't have enough to be worried about (ISIS, Ebola, slowing China, Ukraine, slowing Germany, Fed tightening, etc.) now look what's back: Greece. And in a big way.

The stock market is down over 9% on Wednesday, which is about as big as crashes come.

Oct 21 08:15

Italian police uncover €1.7bn corporate fraud

Italian police have uncovered a fraud which they say has cost Italian taxpayers €1.7bn (£1.3bn; $2.2bn).

Two businessmen are accused of setting up the scheme, which used false invoices to bill the state for non-existent security, cleaning and other services.

The fraud, which dates back to 2001, involved 62 people, the police say.

Oct 21 07:52

Swedish Forces Admit Failure, Issuing False Information on Alleged Foreign Submarine Location

On Sunday, Sweden's Armed Forces released a photograph of an object, suspected to be a foreign submarine in the Stockholm archipelago and a map, allegedly showing where the photo was taken. The area of the sighting was reported to be Jungfrufjärden, a fjard near the settlement of Dalarö south of Stockholm.

However, an investigation carried out by Sweden's public broadcaster SVT showed that no locations in the area matched the photograph. After being confronted by the SVT's journalists, Swedish forces admitted issuing false information to avoid "helping foreign powers".

Oct 21 07:48

Israel excluded from war games in Italy following protests

The Israeli air force has been removed from the list of armed forces now taking part in multinational military training exercises on the Italian island of Sardinia following a campaign by anti-war activists.

Oct 21 07:36

An American Warden Visited A Norwegian Prison, And He Couldn't Believe What He Saw

In an excerpt from a made-for-TV documentary called "The Norden," Jan Stromnes, deputy head of the prison, takes Conway on a tour of the premises — and he couldn't believe what he saw.

"I'm having a hard time believing that I'm in a prison," Conway said in the documentary, reported on by the blog Finansakrobat.

Oct 21 07:18

Counterfeit Euro bank notes in circulation in Gothenburg, Sweden

Police in Gothenburg have been about twenty cases involving counterfeit notes in shops and exchange offices in September. Now go out and Gothenburg Police warn of fraud.

Oct 21 07:10

Swedish banks question customers to comply with US tax rule

All Swedish bank customers will soon be required to prove that they do not owe taxes in the United States according to a new agreement between the countries, and some critics claim it may break EU rules.

Oct 20 14:46

Sweden Admits the 'Russian' Was a Dutch Submarine

Oct 20 14:32

Mysterious ‘Russian sub’ off Sweden may be Dutch – Defense Ministry source

Swedish authorities reportedly searching for a Russian submarine in its waters are probably looking in the wrong direction. The sub is probably Dutch, a source in the Russian Defense Ministry told RT.

Earlier Swedish media reported that the nation’s navy is looking for a submarine in the Baltic Sea, possibly belonging to Russia.

Russia said there was no substance in reports of the Russian connection in the story.

“On Sunday the Russian Defense Ministry provided whatever aid it could to the Swedes in their futile search,” the source commented.

The source added that if the Swedish Navy wanted to spare taxpayers’ money and nerves, they should turn to The Netherlands.

The country’s Walrus-class diesel-electric submarine Bruinvis was in the Baltic Sea last week, not far from Stockholm.

Oct 20 07:55

Military orders civilians to keep their distance

The hunt for foreign underwater activity near Stockholm entered its fourth day on Monday as Sweden’s armed forces vowed to keep searching “day and night” for what media reports suggest may be a damaged Russian vessel.

“The operation is continuing day and night with undiminished resource,” said military spokesman Dag Enander.

In the morning, the armed forces deployed military vessels and land troops in the Stockholm archipelago, from Möja in the north to Ornö in the south.

By midday, the HMS Stockholm corvette had made its way further south to Nåttarö. The military ordered civilian boats to stay at least ten kilometres away from the warship. It did not give a reason.

Webmaster's Commentary: 

One good reason might be if this is a repeat of the Kursk incident where the Russian submarine was accidentally rammed and sunk by a US sub.

Oct 19 11:15

Sweden hunts damaged Russian sub

Swedish signals intelligence officials first heard an emergency call on Thursday evening, the newspaper said. Fourteen hours later, at around midday on Friday, a foreign vessel was spotted in the Stockholm archipelago.

Sweden intercepted further communications after it began its military operation in the waters off Stockholm, as encrypted messages were relayed between transmitters in the Stockholm archipelago and the Russian enclave Kaliningrad, SvD said.

The Swedish military said it could neither confirm nor deny the report.

An underwater craft in distress can be difficult to manoeuvre, which might explain why it was spotted above the waterline, the newspaper said.

Oct 19 11:14

Sweden on alert, deploys troops in alleged underwater threat

Sweden intensified its search for a suspected submarine in the waters east of Stockholm Sunday, after an operation was launched due to a report of 'foreign underwater activity.' The search was initiated following a tip-off from what Swedish authorities have called a "credible source."

Webmaster's Commentary: 

In other words, this is the staged provocation to really kick off a new European war.

Oct 18 08:27

It's Starting: Russians and Chinese Are Ditching the Dollar and Europeans Are Using Renminbi in Their Reserves

At present, US dollar accounts for roughly 61% of the world's foreign exchange reserves.

It's still a safe bet for most, not because the currency is actually strong, but because so many others are already so reliant on it.

Between those with reserves in and pegs to the US dollar, many countries have given their allegiance, and now have a vested interest in the health of the currency.

Due to this common interest, a sort of unofficial, involuntary alliance has been formed between them all.

Together, they’re all playing along, pretending that everything is fine. If the dollar collapses, they're all screwed, so they've got to get each other’s backs.

From the throne of the world’s reserve currency, the Federal Reserve, with the power to print the US dollar, feels dangerously omnipotent.

They can get away with just about anything. For now.

Oct 18 07:59

Putin urges Europe to help Kiev cover gas debts

The Russian President Vladimir Putin has called on Europe to provide Ukraine with a loan so that Kiev can cover its gas debts.

Oct 15 09:22

Italy lifts out of recession thanks to hookers, drugs

Italy learnt it was no longer in a recession on Wednesday thanks to a change in data calculations across the European Union which includes illegal economic activities such as prostitution and drugs in the GDP measure.

Webmaster's Commentary: 

Oct 14 09:13

EU TO WAGE DIPLOMATIC WAR AGAINST ISRAEL

Sweden recognized “Palestine” on the Jewish holiday of Yom Kippur, and on Monday the UK followed suit in a non-binding vote – now “frustrated” European officials reveal that they are ready to take their diplomatic war on Israel to the next stage.

Oct 14 07:10

Swiss Gold Referendum “Propaganda War” Begins

The referendum for the Swiss Gold Initiative is scheduled for November 30th and the propaganda war - between the Swiss National Bank (SNB) and the Swiss Parliament on one side and the Swiss People's Party (SVP) on the other - has begun and we expect it to escalate as the day draws nearer.

Webmaster's Commentary: 

Three guesses who opposes the measure! And the first two don't count. :)

Oct 14 07:02

Greece plans early exit from largest IMF rescue package in history

Athens has informed the International Monetary Fund (IMF) that it will end its obligations to the unpopular rescue program, which placed crippling austerity measures on the country, more than a year early.

Oct 13 10:01

Saudi Arabia's "Oil-Weapon" Hits Europe

We first exposed the "secret" US-Saudi deal in September which led to the inevitable bombing of Syria. We then progressed to explain the quid pro quo of the deal in lower oil prices (benefiting US consumers into an election and crushing Russian revenues). In today's Wall Street Journal we get the final piece of the puzzle as it is clear that what Saudi Arabia loses in 'price' it will make up in 'volume' as The Kingdom is taking the unusual step of asking buyers to commit to maximum shipments if they want to get its crude. Simply put, "they are threatening [European] buyers" to discontinue sales if they don't agree with the full fixed deliveries. The 'oil weapon' grows stronger...

Days after slashing prices in Asia, Saudi Arabia is now making an aggressive push in the European oil market, traders say.

The kingdom is taking the unusual step of asking buyers to commit to maximum shipments if they want to get its crude.

Webmaster's Commentary: 

So, the quid pro quo for slashing its prices was that the US was going to accomplish regime change in Damascus, ousting Al-Assad once and for all.

This bothers me tremendously, both morally and legally.

We are bombing a sovereign nation which has done absolutely nothing against the United States; we are destroying its oil infrastructure; its food infrastructure; and its civilian infrastructure (by bombing residential areas).

And why?!?

Ultimately, to force regime change in Teheran, something Tel Aviv and certain elements in DC want to see happen.

The P5+1 meetings regarding Iran's nuclear energy program are just for show, and I would almost bet real money that by the end of next month, there will be neither a viable agreement will be reached, nor a desperately-needed extension of these talks.

And again, members of our American military will fight, be killed outright, or maimed for live; all in the service of private, corporate, profit.

Oct 11 07:58

Fracking Setback in Poland Dims Hope for Less Russian Gas

Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.

The highest test flows during the country’s five-year search for unconventional gas were just 30 percent of what’s needed for commercial production, said Pawel Poprawa, a geologist at the AGH University of Science and Technology in Krakow. The number of active shale permits has fallen 43 percent from a high in January 2013 and explorers probably won’t extend all those expiring this year, according to Slawomir Brodzinski, the nation’s deputy environment minister.

Oct 10 07:56

An Election In A Tiny English Town Is An Ominous Sign That Europe Is Coming Apart

Last night, a small British nationalist party won its first seat in England's parliament.

In the tiny seaside town of Clacton, UKIP (The UK Independence Party) — a rising anti-EU party — scored a decisive win.

Oct 10 06:38

EU bans dairy products from Israeli settlements

The European Union (EU) has decided to ban imports of dairy products made in Israeli settlements of the occupied West Bank as of January.

Oct 10 06:29

Palestinian Christian Leaders: Europe Must Recognize the State of Palestine

In a Middle East region that continues to suffer from the consequences of violence, the people of Palestine continue to live under occupation and in exile. Palestinian Christians, the descendants of the first Christians, are an integral part of the Palestinian people, continue to suffer, just like our Palestinian Muslim and Samaritan brothers and sisters, we have been denied of our national and human rights for almost a century Heads of churches and Christian clergy in Jerusalem wrote in a letter send to European Union officials.

They said in the letter:"From Jerusalem, our occupied capital, we send our urgent message to the whole world and particularly to Europe: We are yearning for justice and peace. Recognizing Palestine and defining Israel's borders is a first step towards that goal".

Oct 09 09:45

EU Court Orders End to Sanctions on Iran Oil Shipping Company

After the deadline for appeal to a July ruling lapsed, the General Court of the European Union has once again ordered that the block immediately lift all sanctions on the National Iranian Tanker Company (NITC).

Oct 09 09:44

EU set to reassess ties if Israel doesn’t move on peace

Fed up with settlement expansion, officials in Brussels are working on punitive measures to be implemented as soon as the political leadership wants to do so

Oct 09 06:37

EU approves Hinkley Point nuclear power station as costs raise by £8bn

The European commission on Wednesday gave Britain the green light for a huge government subsidy that will open the way for the first atomic power stations to be built for nearly 20 years.

Oct 09 06:32

Spain - Three new patients isolated over Ebola fears

Three more health workers in Spain have been admitted to hospital for monitoring for Ebola on Wednesday night, including two doctors who had contact with a nurse who has been infected with the disease.

Oct 09 06:30

Serious Financial Trouble Is Erupting In Germany And Japan

There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too. Time will tell if they are ultimately correct, but even now there are signs that financial trouble is already starting to erupt in both Germany and Japan. German stocks have declined 10 percent since July, and that puts them in "correction" territory. In Japan, the economy is a total mess right now. According to figures that were just released, Japanese GDP contracted at a 7.1 percent annualized rate during the second quarter and private consumption contracted at a 19 percent annualized rate. Could a financial collapse in either of those nations be the catalyst that sets off financial dominoes all over the planet?

Oct 08 07:26

Swiss Move to Back Franc with Gold for Real?

Asking the Swiss National Bank to hold a fixed portion of its assets in gold would hinder monetary policy, the government said today. Switzerland will vote on the initiative "Save Our Swiss Gold" on Nov. 30 that would force the central bank to hold at least twenty percent of its assets in gold. It would also forbid the sale of any such holdings and require all the gold be held in Switzerland. – Bloomberg

Oct 07 10:55

Poland urges NATO to push ahead with missle shield

Poland on Monday urged NATO's new secretary general to push ahead with a missile shield system amid the West's worst standoff with Russia since the Cold War.

"We firmly support the creation of this (missile shield) system as a pan-NATO one because only this makes deep sense both politically and in terms of defence," Poland's President Bronislaw Komorowski said at a joint press conference with NATO Secretary General Jens Stoltenberg.

The Western defence alliance insists the role of the planned shield is a "purely defensive" response to external threats, notably from so-called "rogue states", and is in no way directed against Russia.

But Moscow has taken a dim view of the project, seeing it as a security threat on its very doorstep.

The escalation of tensions with Russia since January over its role in the Ukraine crisis has sounded the alarm on NATO's eastern flank in countries that were under Moscow's thumb during the Soviet era.

Webmaster's Commentary: 

Excuse me, but WHAT Russian "...role in the Ukraine crisis..." are we talking about here?!?

The duly elected government of Ukraine was overthrown in a Western, ECB, EU, US-manufactured putsch, and thrown under a bus, at a cost of over 5 billion US dollars (while homeless Vets sleep in our streets, and US infrastructure crumbles.) As reported at hangthebankers.com in February of 2014:

The problem that has arisen between the US and EU with regard to Ukraine is that Europeans have realized that the takeover of Ukraine is a direct threat to Russia, which can cut Europe off from oil and natural gas, and if there is war completely destroy Europe. Consequently, the EU became willing to stop provoking the Ukraine protests. The response of the neoconservative, Victoria Nuland, appointed Assistant Secretary of State by the duplicitous Obama, was “fuck the EU,” as she proceeded to describe the members of the Ukraine government that Washington tended to impose on a people so unaware as to believe that they are achieving independence by rushing into Washington’s arms. I once thought that no population could be as unaware as the US population. But I was wrong. Western Ukrainians are more unaware than Americans. The orchestration of the “crisis” in Ukraine is easy. The neoconservative Assistant Secretary of State Victoria Nuland told the National Press Club in Washington on December 13, 2013, that the US has “invested” $5 billion in agitation in Ukraine. http://www.informationclearinghouse.info/article37599.htm The crisis essentially resides in western Ukraine where romantic ideas about Russian oppression are strong and the population is less Russian than in the eastern Ukraine.

After this happened, Crimea, in what was considered a free and fair election, with observers, decided to join the Russian Federation.

Russia has done nothing wrong here.

What the EU and US here has been wrong, period, end of discussion.

Oct 07 07:14

Ebola Contracted in Madrid Hospital Could Spread in Europe

A Spanish nurse treating Ebola patients in one of Madrid’s best hospitals came down with the disease – and exhibited symptoms for days before seeking treatment.

Oct 07 06:50

Europe's Triple-Dip Recession Arrives: German Industrial Production Crashes Most Since February 2009

Yesterday it was German manufacturing orders which cratered 5.7% in August following a freak, 4.9% rebound in July, prompting Goldman to warn that "the underlying dynamic has weakened further at the end of Q3" ...

... And then a few hours ago we finally got undeniable confirmation that Europe is once again in recession, its third since Lehman, only this one is worse: it is led by the "core" countries, with Germany in the forefront, a Germany which just reported industrial output which suffered its biggest monthly decline in more than five years in August.

Oct 06 12:49

NATO Does Not Confirm Statement Attributed to Secretary General on Deploying Troops

North Atlantic Treaty Organization (NATO) has not confirmed that NATO's Secretary General told the Polish TVP Info TV Channel that the alliance can deploy its troops wherever it wants, a spokesperson for NATO told RIA Novosti Monday.

"We don't have a record of him saying that in English - and we're not responsible for the Polish interpretation of the live interview," a spokesperson said, adding that Stoltenberg was referring to NATO forces in general, "which of course can be deployed on the territory of the Alliance as Allies decide."

Oct 06 11:31

Ebola in Spain: Nurse infected in Madrid

A Spanish nurse who treated an Ebola victim in Madrid has contracted the virus herself in the first case of contagion outside Africa, health officials say.

The nurse tested positive for Ebola in two separate tests, according to reports.

Oct 06 09:42

Netanyahu slams Swedish counterpart over Palestine initiative

Israeli Prime Minister Benjamin Netanyahu has hit out on Sweden for a decision to recognize Palestine as a state.

Webmaster's Commentary: 

Oct 06 09:39

NATO can put troops wherever it wants, new secretary-general says

New NATO secretary-general Jens Stoltenberg said on Sunday that the Western alliance could deploy its forces wherever it wants, apparently calling into question post-Cold War agreements that have been shaken by Russia's actions in Crimea and Ukraine.

Stoltenberg was visiting NATO member Poland to reassure it that NATO would provide the protection it sought against its former communist master, Russia, which in recent months has annexed the Crimean Peninsula from Ukraine, and been accused by the West of sending troops and equipment to back pro-Russian rebels in eastern Ukraine.

Oct 06 09:03

Biden's Speech Might Backfire on Washington: Former Assistant Secretary of Treasury

Speech of the US Vice President Joe Biden can backfire on Washington, as it embarrasses the European Union members and demonstrates the US has intimidated them, Paul Craig Roberts, former Assistant Secretary of the Treasury, believes.

"One of the possible consequences is that his speech embarrasses European governments by showing that Europe is Washington's vassal," Roberts told RIA Novosti on Friday. "The other is that by pressing Europeans to act against their own interests, Washington might have been too much of a bully and hurt its future influence in Europe."

US Vice President said Thursday that the United States and US President Barack Obama, in particular, had forced the European Union members to "take economic hits to impose cost" on Russia.

Oct 04 06:24

Biden says US 'embarrassed' EU into sanctioning Russia over Ukraine

“We’ve given Putin a simple choice: Respect Ukraine’s sovereignty or face increasing consequences,” Biden told a gathering at the John F. Kennedy Jr. Forum at Harvard University's Institute of Politics on Thursday.

The consequences were the sanctions which the EU imposed on Russia, first targeting individual politicians and businessmen deemed responsible for the crisis in Ukraine, then switching to the energy, defense, and economic sectors.

“It is true they did not want to do that,” Biden admitted.

“It was America’s leadership and the president of the United States insisting, oft times almost having to embarrass Europe to stand up and take economic hits to impose costs,” the US vice president declared.

Oct 03 14:32

German Push to Accelerate Bank Bail-Ins Joined by Dutch

Germany, the Netherlands and Finland want to speed up European Union plans to force losses on senior bondholders of failing banks, three European government officials said.

The three AAA rated euro-area states last week called for regulators across the EU to gain so-called bail-in powers as soon as 2015, rather than in 2018 as currently proposed, said the officials, who declined to be identified because the talks are private. The European Central Bank has warned that 2018 is “far too far away” for the new rules, which seek to insulate taxpayers and the euro area’s firewall fund from rescue costs.

Oct 03 07:56

Sweden Will Recognize State of Palestine

Sweden’s new center-left government will recognize the state of Palestine in a move that will make it the first major European country to take the step, Prime Minister Stefan Lofven said on Friday.

Oct 01 11:34

Specter of Russian Capital Controls Puts Market on Edge

Holders of Russia’s ruble-denominated bonds, stung by the worst losses in emerging markets in the third quarter, are weighing the consequences of possible capital controls as the currency sinks.

“It would be very negative for your investments in the local currency,” Peter Schottmueller, who helps manage $17 billion as head of emerging-market fixed income at Deka Investment GmbH in Frankfurt, said by e-mail yesterday. Foreign ownership of ruble bonds has dropped and any curbs on capital flows would further “increase the investment risk,” he said.

Russia removed its last restrictions eight years ago after imposing them in 1998, when the ruble’s drop led to a default on sovereign local-currency debt. Implementing the curbs again risks further damaging President Vladimir Putin’s ambition of turning Moscow into a financial hub at a time when escalating U.S. and European Union sanctions over the Ukraine crisis are already limiting access to global capital markets.

Sep 30 10:04

Did The Winter War Just Begin? Russian Gas Supplies To Europe Plunge 15%, Ukraine Transit Slashed 54%

Just a week ago, the Russian energy minister made the first public 'threat' of gas supply "throttling" disruptions to Europe but judging by the data that has just been released, it appears the 'throttling' has begun. Bloomberg reports that Russian gas supplies to Europe fell 15% year-over-year in Q3 - the most in over two years - as natural gas transit through Ukraine plunged 54% year-over-year. In 2013, Gazprom sent 60% of its supply via Ukraine pipelines, in August that dropped to 39%, and in September only 34%. Of course, Europe remains confident its storage efforts will buffer any "Winter War" disruptions, as we noted here, but as Citi warned previously, "if colder weather arrives, storage levels will be drained," and then there is the Spring (and German industry needs).

Webmaster's Commentary: 

The corporate media is spinning this as an evil plot on the part of the Russians, but fails to mention that Kiev has not fully paid for the gas they get from Russia since the Junta and is arrears in the bill. Russia has every right to shut off the valves just as your gas company will do if you do not pay the bill.

Sep 30 09:21

Catalan separatists call street protests over referendum ruling

Just hours after the Constitutional Court accepted the government’s appeal of the Catalan referendum on self-rule, the northeastern Spanish region registered its first protests.

Around 300 people congregated in front of the government delegation in Barcelona to express support for the plebiscite, which is scheduled for November 9, and to condemn Madrid’s attempt to get it ruled illegal by a top Spanish court.

This early protest was the beginning of a series of region-wide demonstrations planned for Tuesday by a pro-independence group called National Catalan Assembly (ANC).

Sep 30 08:28

Dutch FM threatens sanctions against Israel

Foreign Minister Martin Lidegaard has threatened sanctions against Israel if the country doesn’t go along with the proposed terms in the peace talks taking place in Egypt this week.

In the talks, which will get underway in Cairo on Tuesday, Lidegaard wants to see Israel commit to ending its eight-year blockade of Gaza and stop its “illegal settlements”. The foreign minister is also calling on Hamas and other militant groups in Gaza to lay down their weapons.

If the talks fail to reach any long-term concessions from both sides, Lidegaard said that Denmark and the EU should adopt a tougher approach to Israel.

Sep 29 08:58

KRUGMAN: Mario Draghi Probably Can't Save Europe On His Own

In an interview, Paul Krugman explains why Mario Draghi — despite his recent stimulus measures — probably can't save Europe's economy on his own.

Webmaster's Commentary: 

Europe's economy (nor the US) cannot and will not be saved until people are ready to confront the fact that private central banks, which by design create more debt than money to pay that debt, are the cause of the problem.

Sep 29 07:17

Vaclav Klaus: the West’s lies about Russia are monstrous

Whatever we decide to call the current system, he adds, it clearly isn’t working for Europe. ‘I am really shocked to see leading EU and European politicians pretending that everything is OK, which is ridiculous and funny,’ Klaus says. ‘I recently read an article by a well-known German economist, Professor Sinn, who has studied the situation in Italy. He presented statistical data which showed that GDP in Italy has declined by 9 per cent since 2000. It’s unimaginable! I don’t think communist Czechoslovakia would have survived such a long-term decline. At the same time, industrial output declined in the same period by 25 per cent! One quarter of the economy simply disappeared.’

Sep 29 07:16

Nearly 600 U.S. soldiers with tanks to arrive in Poland, Baltics

Nearly 600 U.S. soldiers accompanied by tanks and other vehicles will arrive in Poland and the Baltic states at the weekend for military exercises, the Polish defence ministry said on Friday.

Sep 27 20:39

The Scots are Fallen; Bring On the Catalans!

The stanzas seem to vary but the leitmotif is oddly familiar: we suspect history is rhyming again. The Scottish rebellion by vote has failed, outmanouvered by limey crown rep Cameron who lulled them into a honey trap and beat them soundly with sweet nothings. The Yes camp put up a good fight but turned out to fatally naive in terms of how far the British crown was willing to go to secure the No majority, which should be pretty clear after three centuries of vassal status. The fact that the Yes camp didn’t insist on exit polls or have an observer at every table shows either they were expecting fair play or did not practice due diligence; either way a high price has been paid in realpolitiks currency. Dreadful shame, old chaps. Carry on now.

Sep 26 11:15

‘Our Western partners stuck with Cold War mentality’ - Lavrov

The security crisis in the European Union was not caused by the crisis in Ukraine, but the events in Ukraine reflect the contradictions within the Euro-Atlantic region, Russian Foreign Minister Sergey Lavrov told reporters at the UN.

Sep 25 11:38

No More Foreplay: Russia Threatens European Gas Supply Disruptions

It appears Vladimir Putin is willing to hit'em while they're down. Early European equity weakness (and safe-haven flows) on asset-freeze threats have accelerated as Bloomberg reports, Russian energy minister Alexander Novak threatens gas supply disruptions if the EU continues to re-export Russian gas to Ukraine.

Apr 05 12:16

Poland Announces Complete Ban on Monsanto’s Genetically Modified Maize

Anthony Gucciardi
Activist Post

Following the anti-Monsanto activism launched by nations like France and Hungary, Poland has announced that it will launch a complete ban on growing Monsanto’s genetically modified strain MON810.

The announcement, made by Agriculture Minister, Marek Sawicki, sets yet another international standard against Monsanto’s genetically modified creations...

Apr 05 07:18

IMF CRIMES Result in 77-Year Old Gov’t Pensioner Commiting Suicide In Town Square – In Response Greeks Riot

The 77-year old Greek man who ended his life in the Town Square on Wednesday left the blame squarely on the shoulders of the Bankers, which includes Goldman Sachs (Mario Monti, their agent atop the Greek government), the Rothschilds and their criminal organization the IMF. The man left a heart-wrenching suicide note which read in part:

“The government has annihilated any hope for my survival and I could not get any justice… I cannot find any other form of struggle except a dignified end before I have to start scrounging for food from the rubbish.”

Apr 05 06:25

Guenter Grass, German Nobel Winner, Criticizes Israel Over Iran Tensions

"The nuclear power Israel is endangering the already fragile world peace," Grass wrote in his poem titled:

"What must be said"

The 84-year-old Grass said he had been prompted to put pen to paper by Berlin's recent decision to sell Israel a submarine able to "send all-destroying warheads where the existence of a single nuclear bomb is unproven."

"The nuclear power Israel is endangering the already fragile world peace," he wrote. His poem specifically criticized Israel's "claim to the right of a first strike" against Iran.

Apr 05 04:51

Beggared by Banks: 'Greeks forced to kill themselves'


The recent suicide of a cash-strapped Greek pensioner is a sign of the dire situation Greece finds itself in. It can be solved only by extreme measures such as default and giving up the euro, believes financial advisor Patrick Young.

Apr 04 23:23

Surprise Video Changes Syria “Timeline”

Al Jazeera’s Shaping of the Syrian Story

Of all the myths obstructing the honest portrayal of events in Syria this past year, none has been more fiercely guarded by regime-change advocates than this one stark falsehood:

Myth – the Syrian regime has only been shooting unarmed, peaceful protestors until very recently when opposition groups finally decided to arm themselves in self-defense.

Apr 04 19:36

Britain’s Mad-House Foreign Policy

The best and cheapest way of protecting our national security is simply to eject the madmen from the Foreign Office and stop pimping for the US and its mad-dog protegé.

Let’s see how quickly the United Nations General Assembly (UNGA), with Mr Bellingham’s help, can get their skates on and straighten out the simple matter of Palestine’s status so that Israel’s strutting psychopaths can finally be brought to book.

Apr 04 19:11

In Defense of Helen Thomas: What’s Wrong With History?

Helen Thomas’s recent request to purchase a table at the upcoming White House Correspondents Association (WHCA) annual dinner has been rejected.

In a comment on that story I said, “It’s hard to imagine anything more wrong than this.”

I base my opinion on the fact that the 91-year-old Thomas, a former WHCA president, is unique among American journalists, having covered 10 different presidential administrations in a career stretching back to Dwight Eisenhower.

It is because of Thomas as much as anyone else that women were first included at the WHCA dinner since, as the WHCA’s website mentions:

Mar 13 16:58

European Commission Blames Social Networks For ACTA Failure; Worried About Its Imminent Directive On Copyright Enforcement

He noted that opposition had increased in the run-up to January’s planned vote in the US Congress on two legislative initiatives -- the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA) -- aimed at increasing the protection of intellectual property rights on the Internet; in the end the vote had not been held, following a hostile campaign by social networks and the loss of White House support.
It's interesting to see De Gucht linking the growing hostility to ACTA with the storm generated by SOPA/PIPA, and giving the credit for stopping those US bills to a "hostile campaign" waged by social networks. You can tell this really worries him, because he says something similar about social networks and ACTA immediately afterwards:

Feb 23 20:12

WALL STREET'S MORTGAGE-BACKED SECURITY FRAUD DESTROYED BOTH THE US AND EU ECONOMIES!

Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds.

The data had previously been secret. It was released Wednesday per the recently-enacted law overhauling the federal financial regulation. The Fed, ferociously backed by the Obama administration, fought lawmakers' desire for full disclosure throughout the financial reform debate.

Webmaster's Commentary: 

BUMP BACK TO THE TOP

As detailed in "Bankers Gone Wild", mortgages were cranked out by unscrupulous mortgage brokers, then bundled together into mortgage securities, which were in turn re-sold to investors as triple-A investments, even though the bundles included sub-prime mortgages already defaulting as US jobs were shipped overseas.

These mortgage-backed securities are a Wall Street invention! And at first they appeared to be immensely profitable, so not only were US financial corporations, investment houses, and pension funds buying them, but so too were non financial corporations and major foreign banks including Deutsche Bank and Credit Suisse.

But those early profits were a fiction, and we now know that many of the sellers of mortgage backed securities were engaging in Ponzi scheme activity, using proceeds from sales of mortgage backed securities to pay "earnings" to earlier investors, while the same SEC that had turned a blind eye to Bernie Madoff's $65 billion swindle looked the other way!

Worse, we now know that individual mortgages were pledged as collateral to multiple security bundles, which is illegal! This is briefly mentioned at 3:48 in the next video.

The criminal fraud even went further than that! In the case of Countrywide (now part of Bank of America) the actual titles were never really transferred, leaving the investment bundles entirely unsecured!

What appears to have happened is that the European banks realized that the American investment firms selling those mortgage-backed securities were engaging in fraud! Greenspan has admitted to such.

As the banks of Europe began to feel the major losses from the fraud, they turned to their local governments for financial assistance. In turn, those governments were forced to apply for loans from the International Monetary Fund, plunging their people deeper into debt, and the governments under the control of the private bankers! Indeed one must wonder if this multinational financial fraud had as its ultimate objective the forcing of the entire western world under the control of a giant private bank!.

Obviously, the people of Europe are refusing to be chained to a global bank and seem far more worried about their freedoms than their American counterparts. Yet a quick Google search shows the media encouraging the nations hit with this massive financial fraud to apply to the IMF for more loans, never mentioning that in their indebtedness lies the end of their national sovereignty!

Ultimately the European banks are never going to sit still for fraud, even from Wall Street, and even from the USA! In order to reduce their losses and avoid more IMF entanglements, the European banks demanded a refund on those fraudulent investment packages. No doubt the Wall Street mortgage fraudsters refused, suggesting that the bankers of Europe dump their losses on their populations just as the American banks were being forced to do. That some European banks did so explains why so many European nations are in financial trouble. However, the larger European banks may have decided to "get tough" with the Americans, and this may explain the mysterious electronic run on the US financial system on September 18th, 2008, which almost crashed the US economy. Strangely, the American people were never informed who had initiated the financial transfers, even though obviously this information is recorded in the transactions on the computer systems.

This "attack" may have been a warning from the European main banks to the US to make good on the bad investments, or risk full public exposure for the mortgage backed securities fraud!

Soon after, we learned that the Federal Reserve was handing out trillions and trillions of dollars, loans which the American people are expected to repay, only the Federal Reserve refused to say who was getting the money, and even implied that exposure of the recipients of these trillions of dollars might pose a threat to the US economy. Now, nearly two years later, we find out that the Federal Reserve was buying back the mortgage-backed securities from European banks including Deutsche Bank and Credit Suiss. The reason this was kept secret was that the American people were being told that all these "bailouts" would be repaid, yet common sense tells us that profit cannot be made from an exposed fraud! The Fed could not admit to owning all those mortage-backed securities without being forced to answer the question of just exactly why they were not producing any earnings, with the usual "it was all the borrowers' fault" excuses wearing thin even then! As cash left the nations financial system to cover the repurchase of the fraudulent mortgage backed securities, banks found their balance sheets slipping into the red. The banks were being driven into insolvency making good on the bad paper and this is what triggered the epidemic of fraudulent foreclosures. Banks needed real assets on their balance sheets as quickly as they could to get their balance in the black and their banks out of insolvency. So shortcuts were taken which became known as "foreclosuregate". For some banks, it was too late. Hundreds of banks either dragged down by the fraudulent mortgage securities or made insolvent buying back the bad paper, have been shut down. For other major banks and financial institutions, the tactic worked and they stayed afloat, for which making millions of Americans homeless seemed a small price to pay! Indeed one might explain the hitherto unexplained reluctance by the Federal Government to stem the offshoring of American jobs as a deliberate policy of setting up Americans to lose their homes in order to preserve the capital structure of the banks!

In other words, the American people were looted to make good on the fraud perpetrated by Wall Street not only against American financial institutions, but bankers in the Eurozone as well.

The Wall Street Fraudsters should have gone to jail. But they walk free and clear, saved from the FDIC and prison, heading into a wonderful holiday with record-setting bonuses to spend while ordinary Americans have been made jobless, homeless, and hungry to keep the criminals out of prison.

The Mortgage Backed Securities fraud is the biggest fraud in the history of the United States, and as today's revelations make clear, we still do not know the full scale of the financial rape this nation has suffered.

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