© Carlos Latuff
This page will automatically invent apocalyptic scenarios of catastrophic proportions every 90 seconds - OFF- Obama says even though he is married he will spend the night with Mrs Merkel if he has to
- Fitch says US downgrade possible if anyone from the Rothschild family sends an SMS
- IMF's Lagarde says their new technocrats in Italy and Greece are behaving themselves
- Despite having bad dreams, world markets go up a bit and down a little, pretty much like they normally do
- Europe 'in sink-hole' - and could take global economy with it
- JP Morgan says it's tired of waiting for downtrodden European peasants and import its own from China
21.35 It's been a long day of satirical expose of Debt Crisis Live and other such live-blogging. They don't half like creating a drama out of a crisis and it can only mean one thing...
21:25 We're currently in YAMC - Yet Another Manufactured Crisis
21:16 The bottom line is quite simple really. Putting aside all the emotional rhetoric, closed door meetings between heads of state, bankers and ratings agencies, this ongoing crisis is basically a controlled demolition of our living standards. All you really need to ask yourself is, how is this going to affect you and what preparations have you made?
21:02 As I was saying, the bottom line is that, regardless of who bails out who, whether it's the IMF bailing out the ECB, or vice versa, or the YMCA bailing out both, regardless of who defaults and who doesn't, regardless of which currencies collapse and which survive, the net result on law-abiding taxpaying folk is that the stuff we need is going to cost us increasingly more in terms of time and effort expended in getting the pieces of paper that we exchange for them. More and more of us, our friends and family will struggle even more to find places we can go to give away our souls in exchange for these pieces of, ultimately worthless, paper. The wealth gap between the wealthy elite and the rest of us will widen. Through increasing centralised legislation, regulation and law enforcement, the mechanisms for controlling us revolting poor people will increase even further. This will inevitably lead to more and more people becoming increasingly infuriated that they have to do more for less, while the rich parasites at the top suck all the blood out of the last remaining productivity.The FTSE 11 closed up 11.1 points, or 1.1pc, at 1,111.11. The CAC added 2.2pc in Paris and the German DAX rose 3.3pc. The Italian FTSE MIB didn't bother opening.
20:57 My sister, Ignita O'Reilly, says the way that this circus of pretend panic has been manufactured is quite brilliant. Lots of satire potential.
20:43 I must confess, that now and again I do actually quite like reading the live blogs in the UK Telegraph and Guardian. I could be wrong, but they seem to have appeared in 2008 and provided hungry British consumers with the latest updates on such events as Big Brother house evictions and who was getting the chop from the talent show X-Factor. As you may have guessed, being of the truth-seeking variety, those particular blogs passed me by, but the armchair-activist in me did enjoy the Live blogs about riots in London last summer.I love going to the circus me, but these days all I have to do to live the big-top experience is to sit at home in my comfy chair and press the refresh button on my laptop as I follow these live Armageddon blogs. I'm sure it just washes over most people because of the jargon they use to describe what is basically financial terrorism by a few snakes in suits. It's a satirists dream Bro.
20:24 The Financial Times keeps everyone on the tips of their toes with The Eurozone Really Has Only Days to Avoid Collapse
20.15 Just read a tweet from Angela Merkel herself:
@Merkozy21 I ain't budging, not now, not ever,
20:12 President Barack Obama met with European Union officials today, and has made a statement with Herman Van Rompuy, President of the European Council - the group of leaders from the 27 EU nations.
The US President said some calming words as he nibbled on some crudities:
Mr Van Rompuy seemed a bit grumpy, and spent most of the time muttering something about China.
19.10 And this just in from Mr Van Rompuy himself, via Twitter:
@euHvR @euHvR Europe&US remain friends. The President is confident his Chicago boy chums know what they're doing
© The TelegraphPresident Obama meets Jose Manuel Barroso and Herman Van Rompuy of the EU (facing).
18:33 The disconcerting thing with reading about the economic plight we face is that financial commentators and pundits seem to be deliberately trying to make the subject as convoluted and perplexing as possible. We are led to believe that it is a complex web of competing stakeholders, sovereign nations, private banks, hedge funds, insurance companies, credit default swaps, collateral, credit, debt, high yields, debt, spreads, IMF, OECD and all sorts of confusing terms to muddy the waters.
17:34 It turns out that money used to be just a method of exchanging goods and services that overcomes some of the limitations of bartering systems. Now it's the biggest industry on the planet and the only thing it makes is people homeless.
16.35 I've run out of things to say about the absolute nothingness of what is happening today, but no live economic blog would be complete with out some mention of how house prices are hitting the floor - according to a report that will come out soon.
People seem to forget that it was the banking cartel's loose lending policy that fuelled the sub-prime housing collapse so as to hoover up as many cut price assets as possible.
© unkonwnIt's not the bankers fault, it's people who live in houses
© unknownSales of mobile phones in time for Christmas are "along way short of last year"
12:13 All the confusing tripe simply describes the methods in which money is made out of money by private bankers.
11:02 Discussion on FT cover story. Final attempt to save Eurozone?... the Euro has days to live. Great clip of Nigel Farage sticking it to the man - the Euro is dead. Long live the Euro.
10:21 Moneyweek reports the newest Euro coins are made out of really brittle metal
© Unknown
06.00 Good morning and welcome back to live coverage of the Economic Armageddon crisis.
Reader Comments
It might be a joke they’re playing on us, but the trouble is, the punch line will hurt!
We can thank the Rothschilds banking cabal for all this along with its arm in the Federal Reserve. This was always the plan. It's no fluke, no accident, no mystery.
Consolidate all the wealth into the hands of a few along with the ,majority of the land holdings. They did the same thing in the 30's with the last "Great Depression".
It's the Culling, my friends.
Oh...BTW! I read an article that the FED will be bailing out the IMF. Isn't THAT special?
[Link]
Just precious! I declare, things do be interestin' nowadays.
What was that old line about there being no honor amongst xxxxxxx?
Watch these two commercials that no US media would accept for air time:
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That's the last line in the second of those two pretty damn funny cartoons. No wonder the lamestream networks ditched on those ads . . . they tell the TRUTH ! !
Have a look at www.treeec.com. It is not for everybody, but if you have much money to loose and want to protect it, you are in good hands there. It is German, but easy to translate by Google.
I am one of these banksters (but a small and clean one), and have clients, who did it already 2008 and who are very satisfied. You see, we are able to learn as well.
I got a good laugh from this article and sometimes thats how you reach people, with humor. /salute
@ Amerikagulag You are right, it was the plan and always has been the plan. What scares me the most is are we coming to the end of their plan because to many are waking up or because they are on a clock that was started long ago and it is counting down soon?
Really enjoyed reading that.