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Don't Panic! Summer of Rage in the UK!

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Uploaded by on Feb 23, 2009

Feb 23, 2009

Atlantis revealed at last... or just a load of old Googles?:
http://www.dailymail.co.uk/news/worldnews/article-1150846/Atlantis-revealed--...

Seattle tells dockers: Go home:
http://www.cargonewsasia.com/secured/article.aspx?article=18494

US to expand stake in troubled Citigroup:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_f...

Nationalisation is most likely way out of US banking mess:
http://www.ft.com/cms/s/0/0e569820-ff7c-11dd-b3f8-000077b07658.html?nclick_ch...

Will Germany deliver on the Faustian bargain that created monetary union?:
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/4782749/Wil...

Hypo Real Estate: 600 billion in off-balance sheet assets:
http://www.creditwritedowns.com/2009/02/hypo-real-estate-600-billion-in-off-b...

Rock to be reborn as a 'good bank':
http://www.guardian.co.uk/business/2009/feb/22/northern-rock

EU leaders push sweeping regulations:
http://www.ft.com/cms/s/0/a896e59e-011f-11de-8f6e-000077b07658.html

Britain to demand radical reform of World Bank at G20:
http://www.guardian.co.uk/business/2009/feb/22/world-bank-g20-global-recession

EU leaders call for rapid launch of market reforms:
http://www.earthtimes.org/articles/show/256930,eu-leaders-call-for-rapid-laun...

Europe says all markets must be regulated:
http://uk.reuters.com/article/companyNewsMolt/idUKSP42335720090222?sp=true

IMF emergency fund is doubled to $500bn in global rescue effort:
http://www.guardian.co.uk/world/2009/feb/23/imf-emergency-fund

G20 Preparatory Meeting - European Summit, Berlin Press Meeting):
http://ec.europa.eu/avservices/ebs/schedule.cfm?page=1&date=02/22/2009&am...

Crisis may be worse than Depression, Volcker says
http://uk.reuters.com/article/marketsNewsUS/idUKN2029103720090220

Soros sees no bottom for world financial "collapse":
http://uk.reuters.com/article/marketsNewsUS/idUKN2027820120090221

America in distress, a call to Arms:
http://www.youtube.com/watch?v=-e-6qh9Mnko

Peace

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Uploader Comments (FeverIAm)

  • I'm curious to know why you are so adamant about nationalization. Krugman, Stiglitz, Roubini, Taleb, Baker Agree: Nationalize

    Among economists who've been right about most things over the last few years, there's virtual consensus. The "only answer" ( in the words in Joseph Stiglitz), "the obvious answer" (in the words of Dean Baker) is to nationalize the banks. While these leading economists might differ in the specifics, they agree that we need some form of government ownership. U know more??

  • Nationalisation leads to socialism. I am a true believer in 'moral capitalism'. There should be no need for nationalisation if responsible corporate entities existed. Indeed, in a properly working market these institutions would fail; to be replaced by 'more efficient' entities. The 'bailouts' are merely a means of transferring wealth from the masses to the corrupt. Check out where the various bailout money is actually going.

    Avoid Keynesian theory; it is predicated on inflation for growth.

  • I agree with you in theory, but this situation seems so extreme. Sweden [yes, speaking of socialism lol] was able to ring fence its toxic loans through a nationalized scheme. They then rebuilt their banking system and were able to resell it later. I think in a nutshell that's what these four diverse economists, Krugman, Stiglitz, Roubini, Taleb, Baker, are looking at.

  • The Swedish 'experiment' in bank nationalisation was limited in scope. The total amounts invested at the time were small in comparison, and easy to finance (unlike today). Sweden was exporting at the time, and there wasn't a huge recession looming. The situation today is far different and the risks are much greater. And in all, this really goes against the entire system America has been preaching for years.

    In an existing Socialist state it would be fine. I'm not sure America is ready for it!

  • the u.s. will probly never get out of this mess now TEXAS on the verge of kivking it self out of the union for real well there might not be anymore U.S. as we know it

  • US can exist with just two states, it's a plural LOL

Top Comments

  • Ha! "The funniest thing" Paul Volcker says basically...."we have no idea" :)

    Really Mr Volcker? You're going to say that out loud? Really? LOL , L-O-fn-L!

    this is what it has come to. Absolute Madness.

    You'd think they could at least find a way to lead us toward doom with more class and sophistication.

    They can't even get DOOM right? Good grief, the people deserve a better Doom delivery than "uhhh derrrr....we dunno....don't make no sense!"

    C'mon Volck!....Let me hear ya! Gimme a D!...

  • Day off well deserved.

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All Comments (108)

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  • join TAKE A STAND AGAINST THE NWO AND JOIN THE E.R.S (ENGLANDS RESISTANCE SQUAD) on facebook

  • The term militia is commonly used today to refer to a military force composed of ordinary citizens[1] to provide defense, emergency law enforcement, or paramilitary service, in times of emergency without being paid a regular salary or committed to a fixed term of service

  • things are heating up for a burst of rage in the U.S!

  • You scare mongering new world order agent; shut your big fat yank gob

  • 69Bluntsmoka420 - well you will see more life from madam Tussords than the dummies at Buck palace.

  • if you havent already , dont forget to tie a knot in the end - to stop you falling off ! I only wish i could afford some rope

  • Oi troll... Nice tip

  • you are my new 'evening news'.

    loving it

  • Don't forget to check the chamber of horrors and HMS Belfast nearby. Also check out the WWII war rooms and use the tube system, it's great.

  • I've had a vegetable garden and chickens in my garden for the last 8yrs! Even our school is making a veg garden and lots of people are being encouraged to grow their own foo. Just hope we get a decent summer.

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