from Global Research - Important . Please READ
The Shadow Money Lenders: The Real Significance of The Fed’s Zero-Interest-Rate Policy (ZIRP)
The Battle To Save The Fiat Money System Has Begun
by Matthias Chang
Global Research, December 26, 2008
Global Central Banks Acting In Concert - Disinformation In Financial Dailies To Confuse The People When The Truth Dawns On Hapless People, There Will Be Blood On The Streets. This Is The Warning By IMF!
INTRODUCTION
The disinformation by the global financial dailies in the last twelve months as to the cause of the global financial tsunami, serve the same purpose as the global mass media when they perpetuated the lies that lulled the people to support the war criminals Bush, Blair and Howard to launch the barbaric war against Iraq and Afghanistan which resulted in the genocide of millions, the mutilation of hundreds of thousands, physically and psychologically, and the devastation of an entire nation.
The wars unleashed thus far, specifically the “War on Terror” was launched to preserve the shadow money-lenders’ political and military power.
This War on Terror is the greatest military sideshow that distracted the great American people from the financial rape and plunder of their economy and the destruction of their Constitution.
Since the summer of 2007, we have witnessed a concerted effort by the world’s central banks and global commercial and investment banks to preserve the shadow money-lenders’ financial power, one that is founded on fraud and structured in every detail as in the infamous Ponzi scheme.
In the last seven years, the Ponzi scheme was globalised by the Shadow Money-Lenders, siphoning hundreds of billions from so-called sophisticated investors and sovereign wealth funds. At its peak, the Ponzi scheme was estimated to be worth over $500 Trillion, with the Credit Default Swap (CDS) portion just under $60 Trillion!
Hidden behind the headlines of the financial destruction that is sweeping across the globe, lies another story – a dark tale of men who orchestrated the crisis and have amassed enormous wealth and power at the expense of the millions who are now unemployed and whose homes have been foreclosed. This select group of men is in absolute control of the unfolding events. Who are they? read
from Bloomberg.com
America's Second Great Depression Has Started
America's Second Great Depression is not a typical 20th century recession that happens to strike a bit harder or linger somewhat longer. Nor is it merely a fictional scenario conjured up by economists with a murky crystal ball.
America's Second Great Depression is the probable consequence of a great housing bust, a massive mortgage meltdown and the biggest financial crisis in history.
It promises to bring the worst wave of bankruptcies, job losses and wealth destruction any citizen under 90 has ever experienced.
It challenges the smartest minds in Washington, defies the deepest pockets on Wall Street and threatens to rip through our life with the force of a Cat-5 hurricane. And yet, among all those making the decisions that could forever change our future, no one has personal experience with a similar episode.
I don't either. I was born in 1946, just as we were leaving the final vestiges of America's First Great Depression behind. I've studied that historic period with books, charts and numbers, but that's not the same thing. I've lived in Brazil and Japan during tough times, but that, too, was different. read
America's Second Great Depression Has Started
America's Second Great Depression is not a typical 20th century recession that happens to strike a bit harder or linger somewhat longer. Nor is it merely a fictional scenario conjured up by economists with a murky crystal ball.
America's Second Great Depression is the probable consequence of a great housing bust, a massive mortgage meltdown and the biggest financial crisis in history.
It promises to bring the worst wave of bankruptcies, job losses and wealth destruction any citizen under 90 has ever experienced.
It challenges the smartest minds in Washington, defies the deepest pockets on Wall Street and threatens to rip through our life with the force of a Cat-5 hurricane. And yet, among all those making the decisions that could forever change our future, no one has personal experience with a similar episode.
I don't either. I was born in 1946, just as we were leaving the final vestiges of America's First Great Depression behind. I've studied that historic period with books, charts and numbers, but that's not the same thing. I've lived in Brazil and Japan during tough times, but that, too, was different. read
from Bloomberg.com
Dubai Speculators Quit as Lending Drought Bursts Desert Bubble
By Glen Carey
Dec. 4 (Bloomberg) -- The classified ads in Dubai read like an obituary for a real-estate market that until a few months ago seemed immune from the global credit crisis.
A Turkish investor, who identified himself as Sebat, took out 10 bright yellow ads in the Nov. 25 edition of Gulf News, the United Arab Emirates’ biggest newspaper, with the headline: “DIRECT FROM OWNER DISTRESS SALE!!!” Sebat said he used to be able to buy four or five properties at a time and sell them the next day for a profit of as much as 5 percent. read
Dubai Speculators Quit as Lending Drought Bursts Desert Bubble
By Glen Carey
Dec. 4 (Bloomberg) -- The classified ads in Dubai read like an obituary for a real-estate market that until a few months ago seemed immune from the global credit crisis.
A Turkish investor, who identified himself as Sebat, took out 10 bright yellow ads in the Nov. 25 edition of Gulf News, the United Arab Emirates’ biggest newspaper, with the headline: “DIRECT FROM OWNER DISTRESS SALE!!!” Sebat said he used to be able to buy four or five properties at a time and sell them the next day for a profit of as much as 5 percent. read
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