Economy Rigging 1

BSK log, 18/09/10 September 18, 2010

Filed under: Uncategorized — bashstreetkidjailbreak @ 3:22 pm

Main ITEM of the day.

BY Irish Times – Social media

So ends a bad week for Cowen, politics and the media – The Irish Times – Sat, Sep 18, 2010

ITEM1:

RECAP ON NAMA AND GOV AND ECB ARRANGEMENT:

Daft.ie: Re: Re: Ireland’s `Vicious Circle’ Leaves Banks Facing Higher Debt Cost – Buying or selling forum

ITEM 3:

Ulster Bank makes provision for €500m loan losses – The Irish Times – Sat, Aug 07, 2010

SOLVENCY OF IRISH BANKS

Could an Irish bank become insolvent?

NAMA INFO

High-flyers may land in Nama – The Irish Times – Fri, Jun 04, 2010

Nama to examine developers’ plans to repay €15bn – The Irish Times – Sat, Jun 05, 2010

ITEM 4:

BY ANON

It is worth pointing out that artificially keeping large numbers of people in a state of economic deprivation is a policy of the financial system.

Production is abundant, though many producers are going bankrupt because their output is not being bought.

Repossessed homes in the US will number 1.2 million this year, with a further 3.2 million at some stage of foreclosure. The houses are there, but financial considerations prevent people from owning them.

This disjuncture between what can be produced and what can be purchased for consumption is the key to economic insecurity and poverty. If the money system was modified in such a way as to bring them into harmony, then stories such as the one this lady tells would become very rare.

Remember, this system was not designed with the idea of making life good for people. It has been set up in order to control them

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