EU-IMF BAILOUT IMPOVERISHING IRISH: 210,000 people have no money left after paying monthly bills

 April 15th, 2011

Newstalk

A new survey shows just how badly Irish people are struggling to make ends meet.

The research from the Irish League of Credit Unions has found one in five have just 70 euro left each month after paying bills, and a third see no future for themselves or their family in Ireland.

This study’s been labeled the ‘what’s left tracker’ and is the first research of its kind from the country’s credit unions.

7 per cent of people said they have nothing left to live on once they’ve paid their bills.

Even worse, 6 per cent or 210 thousand people surveyed across the country, say their income doesn’t even cover their bills.

Bretton Woods II — The Final Enslavement of Mankind

Sartre
Infowars.com
April 18, 2011

“The rising powers must be present at the creation of this new system in order to ensure that they will be active supporters.” – George Soros

Charges of a conspiracy theory are a convenient pretext to dismiss criticism when the global financial elites meet to shape the next evolution of centralized control of all economic activity. When Mayer Amschel Rothschild admitted, “Give me the power of the money and it will not matter anymore who is commanding”, he exposed the true nature of international finance. The new front man for the shadow masters of money is George Soros. His visibility is used to deflect attention away from the supra national circle of recluse manipulators, who set the agenda for globalism. The history of world politics is really the chronicle of money, debt and banking. Only by understanding this clash of titans, can one interpret the language of worldwide finance.

Brazen power grab by puppets of banks backfires in Austria

An attempt to convince Austrians that a reshuffle of those individuals most identified with the discredited hard core of the junior ruling coalition party, the People’s Party ,  is actually a fresh start has failed dismally with polls showing support for the People’s Party (ÖVP) party dropping to historical lows.

http://orf.at/stories/2053247/

The conservative party fell to a new low of 22% following a coup d’etat by those elements with  links to disgraced Austrian MEP Ernst Strasser as well as banks like Raiffeisen that have been embroiled in financial scandals.

Hard line Interior Minister Maria Fekter is set to be appointed the new Finance Minister following the abrupt and unexpected resignation of Josef Pröll mid week.

http://kurier.at/nachrichten/2090746.php

Pröll was also the mentor of former Interior Minister Strasser, who was recently caught on film accepting a bribe of 100,000 euros to change draft EU bank laws, and is now under investigation, and he appears to have stepped aside to allow a purge of critics.

While Fekter likes to present herself in the media as a sensitive person with a conscience who only flings foreign children into prison to warn off human traffickers, this image will be harder to sustain as she takes the butcher’s knife to the country’s burgeoning national and communal budget. As the debt hole grows, it will be left to Fekter to box through the transfer of ever larger quantities of tax money to banks under the pretext of having to pay interest on an artificially-engineered fractional-reserve banking debt.

Deutsche Bank knowingly deceived clients in subprime fraud along with Goldman Sachs, concludes Senate panel

US Senate names culprits in financial crisis

Gretchen Morgenson & Louise Story, The New York Times, April 14, 2011

A voluminous report on the financial crisis by the United States Senate — citing internal documents and private communications of bank executives, regulators, credit ratings agencies and investors — describes business practices that were rife with conflicts during the mortgage mania and reckless activities that were ignored inside the banks and among their federal regulators.

“The report pulls back the curtain on shoddy, risky, deceptive practices on the part of a lot of major financial institutions,” Levin said in an interview. “The overwhelming evidence is that those institutions deceived their clients and deceived the public, and they were aided and abetted by deferential regulators and credit ratings agencies who had conflicts of interest.”

Read more at: http://profit.ndtv.com/news/show/us-senate-names-culprits-in-financial-crisis-149439?pfrom=home-Business&cp

Evidence of Goldman Sachs and Deutsche Bank subprime fraud to be referred to US justice officials

Friday 15 April 2011, The Telegraph

US Senate panel urges Goldman ‘mis-selling’ investigation

A US Senate Subcommittee has called on authorities to examine whether Goldman Sachs mis-sold mortgage related securities and misled Congress, as it released the findings of a two-year investigation into the financial crisis.

Carl Levin, the Democratic chairman, wants the Department of Justice and the Securities and Exchange Commission to see if Goldman broke the law when selling collateralised debt obligations (CDOs) to clients without disclosing that the bank believed they would fall in value.

“In my judgement, Goldman clearly misled their clients and they misled Congress,” Mr Levin said at a press conference in Washington late yesterday.

Read more at: http://www.telegraph.co.uk/finance/financialcrisis/8449822/US-Senate-panel-urges-Goldman-mis-selling-investigation.html

 

 

US DEBT ORGY: GOVERNMENT SPENT EIGHT TIMES MORE THAN ITS TAX REVENUE IN MARCH

- US Government Spent More than Eight Times its Monthly Revenue

- US Govermnent paid $1.0528 trillion in monthly bills on only $128.179 in monthly tax revenue

Roni Deutsch blog

According to new data from the Treasury Department, the federal government grossed $194 billion in March, paid out nearly $66 billion in refunds, netting $128 billion in tax revenue. However, the Treasure paid out a total of $1.1187 trillion in federal expenses.

From CNS News.com:

That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.

The lion’s share of this federal spending went to redeem Treasury securities that had matured during the month—most of which were short-term Treasury bills that have terms of one-year or less.

TAX PAYERS OF EUROPE SET TO FOOT BILL FOR GREECE’S INEVITABLE DEFAULT

German government economic advisor Lars Feld has warned that the tax payers of Europe, and not private creditors, will have to foot the bill for the upcoming default of Greece because the European Central Bank (ECB), in the meantime, holds so many Greek souvereign bonds in another bit of bad news as the financial meltdown of the eurozone accelerates.

http://www.faz.net/s/Rub3ADB8A210E754E748F42960CC7349BDF/Doc~E5E54D48EB6E74F0EBF1047029B6CA0A1~ATpl~Ecommon~Scontent.html

Abandoning all pretence at performing its function of being a guardian of sound monetary policy along the lines of the Bundesbank, the ECB has been buying up Greek and other government debt even when it is rated as junk.

Feld said that he thought the ECB chief Jean Claude Trichet wanted to postpone an inevitable default by Greece until he had left the bank in October so that the 77 billion euro cost of servicing national debts that have accrued to eurozone tax payers — after bondholders have made a fast exit with the profits — would not appear on the bank’s balance sheets before then.

Senate chairman says Goldman Sachs ‘misled’ clients and Congress over subprime mortgages

 Senate chairman says Goldman Sachs ‘misled’ clients and Congress

Apr 14, 2011

By Charles Dharapak, AP

The chairman of a bipartisan Senate panel investigating the financial crisis says Goldman Sachs “misled” their clients and the Congress and called the tactics used by the Wall Street firm in its handling of subprime mortgages “disgraceful.”

The panel concluded after a two-year probe that Goldman Sachs Group Inc. profited from the crisis by betting billions against the subprime market, then deceived investors and Congress about its conduct.

Sen. Carl Levin, D-Mich., says some of the findings in the 639-page report by the Senate’s Permanent Subcommittee on Investigations will be referred to the Justice Department and the SEC for possible criminal or civil action.

Read more at: http://content.usatoday.com/communities/ondeadline/post/2011/04/senate-chairman-says-goldman-sachs-misled-clients-and-congress/1

AUSTRIAN VICE CHANCELLOR RESIGNS TO MAKE WAY FOR NEXT BANKER PUPPET

Looking  fit and radiating energy, Austria’s conservative party Vice Chancellor and Finance Minister Josef Pröll yesterday handed in his surprise regination – and on the grounds of ill health.

http://derstandard.at/1302745212306/Der-neue-OeVP-Chef-und-Vizekanzler-heisst-Michael-Spindelegger

Beaming, he marched off to a new job in Raiffeisen Bank, in the latest blatant example of the revolving door between government and big banks.

http://derstandard.at/1302516103908/Raiffeisen-Proell-als-Nachfolger-von-Christian-Konrad-gehandelt

He had done his job, Pröll said on Tuesday, before stepping aside to allow another puppet of the banksters, the current Foreign Minister Michael Spindelegger to take over in what looked, to all appearances, like a coup improvised to preempt any serious challenge to the mafia-like leadership that has wrestled control of the conservative People’s Party ( OVP) at a time when their scandalous shenanigans are coming under increasing criticism.

And Pröll is right. He has done an excellent job as the head of the junior  partner in a coalition with the Social Democrats (SPÖ) of looting the Austrian tax payers on behalf of the banks. The reward of being made the head of the dominant bank, Raiffeisen Bank for his efficiency, therefore, seems commensurate.

Pröll oversaw the transfer of billions in tax payer money to Hypo Alpe Adria and Raiffeisen Bank under the pretext of a bailout for a financial crisis those same banks engineered as the Finance Minister. In addtion, Pröll put Austrian tx payer’s on the hook for a share of the eurozone bailout fund, happy to violate every law as well as the EU constitution to ensure the banks can continue their shake down.

AUSTRIAN JUSTICE MINISTER STUNS COUNTRY BY TURNING INTO CAPED CRUSADER

When Justice Minister Dr Claudia Bandion-Ortner appeared before camera crews on Monday, and announced she intended to clean up the countless corruption scandals plaguing Austria by supervising investigations in person, the stunned journalists did not know what quite to make of the way the famously passive minister had morphed into The Caped Crusader before their very eyes.

Donning the equivalent of superman’s red cape in her new fight against crime in the Justice Ministry’s own ranks, Bandion-Ortner caught the mood of the country when she said that „people…have the feeling that something is not in order and that there needs to be a clean-up action.“

 „I will do that,“ she vowed.

http://www.salzburg.com/online/nachrichten/newsletter/Die-Justizministerin-will-nun-aufraeumen.html?article=eGMmOI8V2HIz4GhFlNTliCy7FOOmDnUk3oZndLd&img=&text=&mode=

After announcing she would personally issue instructions on the many delayed, non-existent and dropped investigations into multi-billion-euro mega crimes that are hanging around the neck of the Alpine Republic like an albatross, she marched off, leaving the journalists wondering whether her metamorphosis was a stunt or the real thing.

Hours later, the answer seemed to come.

At eight o’clock on Monday evening, police belonging to a special Cobra unit smashed in the door of the house of flamboyant neo Nazi Gottfried Küsserl and hauled him off to jail as part of the biggest razzia against neo Nazi scene in years.