Wednesday, September 28, 2011
Peter Schiff: Government perpetuates poverty
Even in these tough
economic times, Obama supporters are still paying upwards of $36k per
person at campaign fundraisers. Protestors have lined up outside these
events to express their frustration with the economic situation and
disapproval with Obama's administration. Peter Schiff, president at Euro
Pacific Capital, explains where this frustration originates from.
USA and EU play debt blame game
http://www.euronews.net/
The rebound of the world's markets as this week began is far from
reassuring, experts warn. Across the Atlantic, the US and EU each say
the other should hurry up and pull itself together, or else. In a
tit-for-tat fear game, there are elections involved.
Germany slams 'stupid' US plans to boost EU rescue fund
German finance minister Wolfgang Schauble said it would be a folly to boost the EU's bail-out machinery (EFSF) beyond its €440bn lending limit by deploying leverage to up to €2 trillion, perhaps by raising funds from the European Central Bank.
"I don't understand how anyone in the European Commission can have such a stupid idea. The result would be to endanger the AAA sovereign debt ratings of other member states. It makes no sense," he said.
Mr Schauble told Washington to mind its own businesss after President Barack Obama rebuked EU leaders for failing to recapitalise banks and allowing the debt crisis to escalate to the point where it is "scaring the world".
"It's always much easier to give advice to others than to decide for yourself. I am well prepared to give advice to the US government," he said.
The comments risk irritating the White House. US Treasury Secretary Tim Geithner has been a key driver of plans to give the EFSF enough firepower to shore up Italy and Spain, fearing a drift into "cascading default, bank runs and catastrophic risk" without dramatic action.....read on
James Turk - 'What we are looking at is worse than 2008'
Keiser Report: Pax Americana Pyramid Nightmare
By RussiaToday on Sep 27, 2011
This week Max Keiser and co-host Stacy Herbert discuss "Operation Twist", "BMW Town" and other pyramid schemes. In the second half of the show, Max talks to in-studio guest Joe Weisenthal of Business Insider about Operation Twist, monetary policy and Groupon.
This week Max Keiser and co-host Stacy Herbert discuss "Operation Twist", "BMW Town" and other pyramid schemes. In the second half of the show, Max talks to in-studio guest Joe Weisenthal of Business Insider about Operation Twist, monetary policy and Groupon.
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