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Meltdown Part 3: "Paying The Price"
We continue the Meltdown series with part three out of four: Paying the Price, which looks at how the victims of the 2008 financial crash fight back. A protesting singer in Iceland brings down the government; in France a union leader oversees the kidnapping of his bosses; and thousands of families are made homeless in California.
Hordur Torfason, an Icelandic singer, leads the way in holding protests over the country's economy, calling for the resignation of the government and new elections. Geir Haarde, the prime minister of Iceland, was surrounded and pelted by the protestors. Haarde soon resigned and the country's government collapsed.
In France, workers fought back to claim their rights. The Continental Tire factory announced its plant would close by 2010, meaning job losses for its 1,120 employees. Workers occupied offices and trashed the place in protest. Protests spread right across France and Europe.
As the grim toll of the financial crisis continues to mount around the world, many governments are looking for the true causes of the meltdown. In many cases, what they are discovering amounts to a crime.
Incidentally, we want to point out that we incorrectly identified Al Jazeera as the source of these non-fictional accounts. The Arabic media network is just a distributor: the original source is CBC Canada. That said, we are confident the fringier elements will simply resume their calls for some grand propaganda conspiracy only this time they will blame Canada...
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there's no such thing as a "coup" in New York City. That's just another day in the life as they say. Now GET OUT WHILE YOU STILL CAN! RUN FOR YOUR LIVES!
http://www.youtube.com/watch?feature=player_detailpage&v=rMdC45S79uQ
These things all seem to start with symbolic events. TPTB usually try to corrupt the message - and here in the US tend to win each time. But, I suppose my point is that more events that happen and more spontaneous they occur, the higher the probability somebody in the lower ranks of TPTB fist will fuck up and catalyze a larger movement. It wont be until then that we know what event was in fact the symbolic start to a larger movement.
15 marines? Going take more than that to make a difference. Besides, they may want to reconsider or perhaps be welcomed by a dishonorable discharge from the military. The marines have no business being there, nore do kids in college and other non-tax paying garbage this thing is attracting.
You could just make up a list of who should or shouldn't be allowed 1st amendment rights.
Hide in your house and let Wall St win then, ignorant piece of shit.
Savvy,
'Worth repost.....................
http://www.youtube.com/watch?v=Tp-eapYpL8c&feature=player_embedded#at=96
This could REALLY get the shit started.
Americans are slow to wrath, but once motivated, best get the hell out of the way.
IF enough Ex Mil, Mil, show...............this will be LA FABULOSA!!!!!!!!!!!!
The OATH MEANS SOMETHING TO them, and it should to all of us.
Time may be soon to shit, or get off the pot.
Regardless of their reason for protest, their right to do so is GUARANTEED.Even if I/we do not like it.
I may not agree with what you say, but I will defend your right to do so to the death.
Voltaire is most often credited with the saying, but many believe that this is a widespread mistake, and that the quote was originally said by Ewelyn Beatrice Hall. There is no definite answer to this question.Read more: http://wiki.answers.com/Q/Who_said_I_may_not_agree_with_what_you_say_but_I_will_defend_to_the_death_your_right_to_say_it#ixzz1ZeRsYfl5
This is a silly movie. Those very same workers enjoyed oversized benefits for years prior and especially during the boom. Now they are paying for them. With auto companies - they spent years fighting unions and paying too much in benefits to design a quality car. GM and Chrysler make the worst cars so that is why they are closing down - otherwise Toyota, Honda and even Ford would be in the same situation, which they are not (Ford was all hands on deck for years prior to the crisis). This show is very biased and in a stupid way - have to show both sides and how those unions got to be where they are today.
"A new recession isn’t simply a statistical event. It’s a vicious cycle that, once started, must run its course. Under certain circumstances, a drop in sales, for instance, lowers production, which results in declining employment and income, which in turn weakens sales further, all the while spreading like wildfire from industry to industry, region to region, and indicator to indicator. That’s what a recession is all about. "
http://news.yahoo.com/scariest-economic-forecast-youll-read-today-170207...
"Here’s what ECRI’s recession call really says: if you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street."
http://www.businesscycle.com/reports_indexes/reportsummarydetails/1091
the rule of law. LOL.guess it depends on who wrote the bloody laws..how about the Obuma health bill..2000 pages written by WHOM?? Obuma a man barely able to keep an accurate golf score card?
mr vacation a month?
rule of law is a joke and I think you know it..just like voting it's who counts the votes that matters..
our politics let the people vote after the Elites have selected all the candidates who are quote"electable" via fake pols and MSM hit squads.
life sucks but it sure beats the alternative. now lets see if I shit my adult depends will HLS agents grope me? I hope so..
the love connection between NYPD and the banksters is nothing new
(warning this is a large pdf but will open at the correct page circa 2005 from NYPD to Goldman Sachs)
http://www2.goldmansachs.com/investor-relations/financials/archived/8k/p...
globalism isn't just for breakfast anymore. The documentary was well done but failed to point out that GM opened a $300 million plant in Moscow in November 2008. They also opened factories in China though I don't know the dates of those plant openings. Globalism is a pariah on humanity.
Blame Canada.
http://m.youtube.com/index?desktop_uri=%2F&gl=US#/watch?v=0SDrqa-eTXU
here' the link you're looking for:
http://www.youtube.com/watch?v=vxPRHXgYVlk&feature=player_detailpage
thanks for the secrets....entertaining ..just that
That is my main problem with the protests right now. Instead of clamoring for more freedom, I see mostly leftists, statists, communists, clammoring for more tyranny. So instead of tyranny by the rich/oligarchs, it will be tyranny by autocrats/bureaucrats. Sadly, the libertarian left and right are not the ones protesting for the most part. We just sit around and complain and be snarky on message boards.
the first few days the protests were more broadly based. regular people protesting and got the thing started. unfortunately most regular protestors have jobs and had to go back to work if they want to keep them. that first weekend was awesome. then the inevitable happened when enough attention from the media was available - the tired old leftist douchebags started to show up and hog the camera. instead of a grass roots real protest it has morphed into a traditional rent-a-mob who would be just as happy protesting for more government.
J.P. Morgan Chase "donates" $4.6 Million to NYPD ... www.ericallenbell.org/.../j-p-morgan-chase-donates-4-6-million-to-n... You +1'd this publicly. Undo1 day ago – JPMorgan Chase recently donated an unprecedented $4.6 million to ... as well as security monitoring software in the NYPD's main data center. ...
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20 hours ago – JPMorgan Chase recently donated an unprecedented $4.6 million to the ... Tags: 4.6 Million, donation, jamie dimon, jpmorgan chase, NYPD ...
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News and resources for protesters attending the mass demonstration on Wall Street against financial greed and corruption.
JP Morgan Chase donated $4.6 million to the NYPD.
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5 hours ago – JPMorgan Chase recently donated an unprecedented $4.6 million to ... as well as security monitoring software in the NYPD's main data center. ...
and then.. 2 fucking days later?
700 arrested on Brooklyn Bridge after protest
USA Today - 12 minutes ago During Saturday's march on the Brooklyn Bridge, some protesters sat on the roadway, chanting "Let us go," while others chanted and yelled at police from the ...
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17 hours ago – The police arrested more than 700 demonstrators from the Occupy Wall Street protests who took to the roadway as they tried to cross the ...
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2 hours ago – Mass arrests as "Occupy Wall Street" demonstrators block traffic lane; Similar protests spread to other cities.
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2 days ago – Read '700 arrested after protest on NY's Brooklyn Bridge' on Yahoo! News. Protesters speaking out against corporate greed and other issues ...
That is how Corrupt our Country has become.
The excuse?
NYPD could not afford to police its streets..
NYPD could not afford to Jail all those people..
So? JP Morgan used Tax Monies / Bailout Monies (some of the TRILLIONS we GAVE TO JP MORGAN, FOR FREE!) to use against "We the People"!
the excuse being.. that "We the Sheepish Consumers" can NOT Tell when JP MORGAN HAS A 24 Inch Coock Crammed Up our Collective asses!
I know that some of you bottom feeders here will be grateful that JP Morgan used $4.6 Million dollars of TAX PAYER Money to fuck with Tax Payers.. becuase you think you will one day be on of those using tax dollars against "We the People" to control us.. becuase we are sooooooooooo fucking stupid that we are unable to treat other people like human beings.. or maybe becasue the majority refuses to treat other Human Beings like a Cow that should be leveraged and drained of every penny possible.
The time is coming when all those toys.. will be spread around, for FREE to others to play with.
Your Time is coming to an end and NONE to soon.
The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.
The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.
A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."
http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf
well at least they're paying with actual money from the bank. what the hell is the government paying them with?
Replaced with who? Losers like you to point your govt. gun at some rich guy to steal his stuff?
Lets call a spade a spade; you want to overturn the current system not because its corrupt (it is) but so you can welch on your debts and expunge your criminal record from a nationwide database.
At least be honest about it.
Does your tongue get rough with all that sycophantic ball-lapping?
Does your boyfriend's?
Anybody that kills less than 20 million people is morally superior to the assholes you defend. Period end of story. Appeal to peoples "higher" self all you want like it can hamstring them in the psychopath game. But it's just this fucking simple. Databases of debts are nothing but fraud.
These videos are nearly 1 year old already. What is the fuss with all the oooohs and aahhhhs!
Come on ZH, you can do better than rehash old news...
pssstt: I hear Lehman is failing
For anyone inclined to denounce Al Jazirah or Canadian Broadcasting, I say "don't blame the messenger." Do home pregnancy test kits make women pregnant? Same principle.
When is this on? It is one of the free digital channels here in the UK, and I'd rather watch it on TV than balanced on my lap.
Their website was clearly designed by someone who wants to promote the station rather than it act as a reference tool.
If you have a digital tv, connect that laptop to it!
There is zero possibility of revolution in America.
Never say never.................
You think 80 million folks are armed for hunting deer and ducks?.
Think again .
that's true. whenever i go duck hunting it's very rare that i even see a duck...let alone another person with a gun.
"At the end of the squabble, two veterans were shot and killed. An 11 week old baby was in grave condition resulting from shock by gas exposure, two babies died from gas asphyxiation, and an 11 year old boy was partially blinded by the gas. A veteran's ear was severed by a Calvary saber, and one veteran was stabbed in the hip with a bayonet. At least twelve police were injured by the bricks and clubs of the veterans."
Those were different times,and different people, with different mores, and respect for authority.
Also, they did NOT go armed............................bad mistake.
Times and people have changed,if you think folks would put up with that NOW, your sadly mistaken.
I'm a new blogger here. Embarrassed to admit that I just discovered this site. Thanks to those making it happen.
Documentary is not exactly the word I would use to describe the video series even if it provides factual insight that may not have been reported in the media (you wouldn't get Home Depot to sponsor the series). It feels a little propoganda-ish but I don't know the motivations of those involved. Doesn't matter on the internet does it? Clearly lots of pain and blame to go around and most of us are negatively impacted.
One has to wonder if we would have had this financial crisis at all had the US not been so focused on home ownership since WWII. To say nothing of the complexity of financial instruments that are allowed to trade. Perhaps it would have been some other ABS, but homes represented the largest dollar-valued pool of "homogenous" assets - even if over-valued. When you analyze the level of commerce in the US - and thus our economic health - that is/was driven by residential real estate over the last 50+ years it appears that we violated the most basic investing rule: diversification. And now we're getting the lesson. Or are we? Way too complicated for currrent crop of pol's to sort out - even if they were motivated. Interesting read on lessons not-yet-learned: When Genius Failed by Roger Lowenstein.
Chris Hedges says everyone who is an outsider can only have two options. " Either you are a rebel or a slave." Hopefully you can choose wisely.
http://www.truthdig.com/report/item/the_best_among_us_20110929/
A RIGHT TO WORK...? I used to live under goverment with such ideas and it wasn't pretty. Does anybody know how to spell STALIN? Such ideas are signes of extrime lack of political and economical awarence (some would say; a sign of extreme stupidity).
Are you blaming bankers for this disaster? Well, look in the mirror and you will find one to blame. Year after year, we have been electing the same corrupt individuals. So, don't blame the system, blame yourself. We are facing two choices now: either burn or vote. And trust me, burning comes with a much higher price.
Vote for Ron Paul and others like him (no matter what the media says), and even so do not trust them for long(no matter what they say). We need to bring back the CONSTITUTION and bring back the power to the States.
http://confoundedinterest.wordpress.com
Households deleveraging. House prices cannot be sustained.
Some classic movies have true purposes.
The Godfather- Horse head scene
The early stages of regression displacement is occurring amongst the chartered stewards. Central Planners are told to continue to push the envelope. Many have been promised vast riches and comfort, once the program has be implemented. Behind closed doors, a large majority fear the double edged sword.
Just watch the show unwind. The shadow figures will begin to expose themself. All efforts poised in saving the World Government society agenda.
This is Hegellian Dialectic at its best.
The strawman framed to distract from the BETRAYAL and TREASON done to US by our elected Federal, State, & City governing officials, and others serving in recorders, clerks, and administrative positions. Don't forget the fucking scumbag attorneys. These fucks are culpable for all of the code, statutes, pseudo-laws and other tyranny that violated The Constitution and also American Common-Law Heritage dating back to 1215 and the Magna Carta.
These are they who allowed and gave tacit approval by silence to the BETRAYAL.
Yet, the protest is against Wall St. May as well expect fidelity from a streetwalker who once gave you a handjob as expect a banker not to exploit whatever opportunities arise.
America was conceived in understanding of Human Nature and safeguards to protect the citizenry from Government and later Big Business were enacted. Of course, the people we should be protesting simply removed all the safeguards and allowed those who bribed them to do with US as they pleased...
Consider that they were bribed with fiat money...
They sold US to TPTB for nothing...
It is this which should arouse your indignation and acrimony.
It is their BETRAYAL of U.S. which must be ended and resolved/punished.
Look back to 1913 and the few who met in secret and passed The Federal Reserve Act.
Wasn't Wall Street or any banker who voted that in and thereby robbed all their countrymen and progeny. None of this could've happened without Congressional votes.
Understand that these people, our elected officials, know they have BETRAYED US and they don't intend to be brought to justice or lose all their ill-gotten gain. How many of these fucks came to DC w/o a fucking dime and then retired multi-millionaires? Plenty!
Hegellian Dialectic. Watch it in action. Watch it tire America of seeking Justice before anything really gets started.
You figure your Congressional reps are doing you a good job?
Then you are part of the problem also...
Yah, watch the pretty pictures of a few protestors getting busted. Meanwhile, back at the ranch, the FED rustled up a bunch of fresh Benny bux, and handed it over to their banking buddies. Who gives a fuck about JP Morgan handing out 4.5 million to the cops? What about the sixteen TRILLION handed out to banks? How about the fact that they could have wiped out the national deficit, and created a surplus? How about the tax dollars that flow direct to banks for debt servicing? What the fuck is up with that? Print another sixteen TRILLION, and hand it over to the USA, pay the deficit off, and use tax revenue to make the USA a better country for it's citizens! Get wound up and focused on true crimes, not the fucking sideshow! Read on below, and get focused, ya bitchez!!!!!!!!!
The Federal Reserve is neither Federal nor a "Reserve". This private bank run by the "Bank of England" has been stripping the US of its assets since the days of Andrew Jackson. If the $16,000,000,000,000.00 given away secretly, since 2007, to the member banks isn't reason enough to overhaul our entire government financial system then our country is doomed to financial failure. You won't read this in the mainstream media....but it may emerge in the coming elections. Read about this first ever audit of the Fed and understand why we are in such trouble. Tuesday, September 27, 2011 First Ever GAO Audit Of The Federal Reserve(You can click on the site and read the report).
The first ever GAO audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve nearly 100 year history were posted on Senator Sanderâs webpage earlier this morning.
sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3 (Summarized below)
What was revealed in the audit was startling:
$16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the worldâs banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.
Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs. To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is only $14.5 trillion.
The budget that is being debated so heavily in Congress and the Senate is only $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world. In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion. ****
When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self-identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.
Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy.
The list of institutions which received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:
Citigroup: $2.5 trillion($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion* ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
IT WILL BE INTERESTING AS TO HOW MUCH ATTENTION (AS WELL AS THE SLANT) THE MAINSTREAM MEDIA GIVES THIS UNBELIEVABLE POSITION OF OUR GOVERNMENT HAS PLACED US IN WITH NEVER PREVIOUSLY HAVING AN AUDIT OF THE FEDERAL RESERVE.
I AM CONFIDENT THAT WE WILL HEAR SOMETHING LIKE THE FED HAD TO GIVE STIMULUS TO WHOM THE $16 TRILLION WENT TOO BECAUSE IF WE HAD NOT ALLOWED THIS IT WOULD BE THEIR COLLAPSE AND THE OURS.
HAS ANYONE EVER HEARD OF CLOWARD AND PIVEN ECONOMICS? (PARAPHRASING) IT INVOLVES TWO HARVARD PROFESSORS WHOSE BOOK SAID TO CHANGE ANY GOVERNMENTâS ECONOMIC SYSTEM INTO A SOCIALIST ONE, IT SIMPLY DRIVES THEIR ECONOMY INTO THE DITCH THEN THE CITIZENS ALLOW THE GOVERNMENT TO DO WHAT THEY WISH TO SAVE THEM
First off, CBC is full of shit. They over exaggerate the issues and leave out critical facts. CBC is as bad as the US POS media. For example. the piece on France and kidnapping bosses. This is actually kind of common there, and several of the manager/boss's said they knew the gig, it was just part of business in France. The California piece is un-f***cking real. The issue is no where near as bad as they make it sound. The real issue is illegals, but they did not touch that topic, did they. California as has traditionally had huge influx of Americans going west for work, then when work is not there, goes back. Employment is bad in California, but not like the manipulative CBC portray it. Also, the Sacramento river "danger" expressed is BS. NO ONE will every die from a killer river in Sacramento. More fear tactics.
Regarding the unemployed - of course I have empathy, who knows, I can be there some day. However most deserve their position simply because of lack of planning and foresight. 1930's my grandparents understood how to live off of almost no income, today the spoiled American will learn same lesson. Oh they will whine and cry and throw tantrums, but they will learn what they should have been taught from the start.
WOW! Well done! First two parts very good.... Part three, not so much!
So the TPTB have finally figured out a way to re-create serfdom. But why? Who will they sell their crap to? Each other?
"A woman has called for her help because her restrained husband has broken into her house and grabbed her baby in drunken desperation" That's a symptom of dominant feminism in our societies. His wife in her selfishness calls the Reykjavik police to falsely accuse him of domestic violence. The house was his house, and the baby is his baby too. You can see him begging her to let him see his baby. It is a reaction of a man being deprived of his house, his baby and his income.