Archive for May 17th, 2012

by James Hall Global Research May 16, 2012 Once again, the practices of the “Too Big to Fail” banksters bring the financial money machine to the brink. The J.P. Morgan derivative losses and trading gambles by their “London Whale” demonstrates business as usual in the murky world of risk distortion. Even the vexing progressive... »

All eurozone countries face downgrades to their debt ratings if the risk of a Greek exit rises following next month’s elections, a leading credit agency warned last night. By Damien McElroy TelegraphUK 17 May 2012 Fitch Ratings downgraded Greece’s sovereign rating to CCC from B- and sounded a wider alert for the rest of... »

Spain moved back into the eye of the eurozone storm on Thursday as the country’s borrowing costs rocketed to unsustainable levels, the authorities were forced to deny that one of its biggest banks was in meltdown and the economy tipped back into recession. By Philip Aldrick TelegraphUK 17 May 2012 Shares in Bankia, the... »

TheExtinctionProtocol.com May 17, 2012 WASHINGTON – This week, Congress is considering two pieces of legislation relating to Iran. The first undermines a diplomatic solution with Iran and lowers the bar for war. The second authorizes a war of choice against Iran and begins military preparations for it. H.Res.568: Eliminating the Most Viable Alternative to... »

by Simon Black ZeroHedge.com 05/17/2012 I’ve been in the US for a little more than 24-hours. And having flipped through the TV channels trying to figure out what useless drivel big media is passing off as ‘news’, I realized that I’m going to vomit if I hear the word “fair” one more time. This... »

Ben Duronio BusinessInsider.com May 17, 2012 In an interview with King World News, Tom Fitzpatrick, one of Citibank’s top technical analysts, said that the stock markets will continue to move lower in the coming weeks, possibly tumbling by as much as 28 percent. This will come as the volatility index, or VIX, spikes. We’ve... »

TheExtinctionProtocol.com May 17, 2012 SPAIN – A €1billion run on a recently nationalized Spanish bank has sparked further fears that the 17-nation eurozone is about to implode. European markets fell as fears of a continent-wide contagion from government-less Greece’s economic crisis also spread. Shares in Bankia, Spain’s fourth biggest bank formed in 2010. It... »

By VC Vigilantcitizen.com The disaster movie “2012″ is about the near-total destruction of planet Earth in accordance with predictions made by Ancient Mayans, thousands of years ago. While most of the movie is centered around spectacular explosions and impressive special effects, “2012″ also communicates messages and symbolism about the elite’s plans for a New... »

Defense Secretary re-affirms Obama administration’s unconstitutional stance Paul Joseph Watson Prison Planet.com Thursday, May 17, 2012 Following controversy over his assertion that seeking “international permission” from the UN to launch wars trumps the authority of Congress, Secretary of Defense Leon Panetta re-affirmed this premise during recent testimony in which he again stated that Congress... »

DEBKAfile May 16, 2012 Special operations units of the Iranian army and Revolutionary Guards (IRGC) Tuesday, May 14, began a two-day practice of offensive tactics, for the first time dropping large-scale forces from the air deep behind enemy lines. The many war games Iran has conducted until now focused on defenses of strategic and... »