www.peoplestandup.ca by Terrence MdKenna’s voice that this is from “DocZone,” a CBC.ca The global financial crisis enters a new phase The collapse of Lehman Brothers on September 14, 2008 marked the beginning of a new phase in the global financial crisis. Governments around the world struggled to rescue giant financial institutions as the fallout from the housing and stock market collapse worsened. Many financial institutions continued to face serious liquidity issues. The Australian government announced the first of it’s stimulus packages aimed to jump-start the slowing economy. The US government proposed a 0 billion rescue plan, which subsequently failed to pass because some members of US Congress objected to the use of such a massive amount of taxpayer money being spent to bail out Wall Street investment bankers who some people may have believed could be one of the causes of the global financial crisis. By September and October of 2008, people began investing heavily in gold, bonds and US dollar or Euro currency as it was seen as a safer alternative to the ailing housing or stock market. In January of 2009 US President Obama proposed federal spending of around trillion in an attempt to improve the state of the financial crisis. The Australian government also proposed another stimulus package, pledging to give cash handouts to tax payers, and spend more money on longer-term infrastructure projects.

This morning, all of the major stock indexes around the world are trading lower. The catalyst for the decline comes as JP Morgan Chase & Co (NYSE:JPM) reports a $ 2 billion trading loss caused by the a trader known as the “London Whale.” Traders are now wondering if other firms have similar trading losses out there. Just last week, Prudential Financial Inc (NYSE:PRU) plummeted after reporting earnings. The company sited a large derivative trading loss as the reason for the poor earnings results. This news from JPM is now the second report by a major firm that has admittedly taken a large loss from derivative trading. JPM has been one of the most outspoken firms against the controversial Volker Rule which would eliminate banks from proprietary trading. Other leading financial equities such as Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), ProShares UltraShort Financials (ETF) (NYSEARCA:SKF) and BlackRock, Inc (NYSE:BLK) are all likely to be very volatile today.

Many agree the current financial system is unsustainable the question is how much longer can this last? With out the much needed QE from the central banks how much longer can this economy truly last? And what event will trigger global meltdown? Thanks for watching and subscribe for weekly updates. Follow me @ Fabian4Liberty

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www.peoplestandup.ca Meltdown The credit crunch The global financial crisis (GFC) or global economic crisis is commonly believed to have begun in July 2007 with the credit crunch, when a loss of confidence by US investors in the value of sub-prime mortgages caused a liquidity crisis. This, in turn, resulted in the US Federal Bank injecting a large amount of capital into financial markets. By September 2008, the crisis had worsened as stock markets around the globe crashed and became highly volatile. Consumer confidence hit rock bottom as everyone tightened their belts in fear of what could lie ahead.

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www.StockMarketFunding.com Financial Crisis 2012 Worse than 2008, European Banking System on the Verge of Collapse. The scenario will likely fully play out in 2013 and we will see what central banks world wide to do postpone the selling and get the cash off the side lines to pump markets….

go to bobchapman.blogspot.com for the latest of Bob Chapman videos

The seven-week sanctions against Iran oil sales and the use of the banking system and the Swift Code facilities by US, UK and European governments has as yet not been effective. Negotiations are in process with six EU nations to adopt oil contracts for up to five years. Future oil must be paid for immediately. Four of those members can barely pay for oil now. The embargo as you can see is ridiculous. Even if alternative services are found how will they pay for all of it? This has to be one of the most ill thought out schemes ever. The financial end won’t stop payment countries can use barter, multiple currencies and gold. Talk about shooting one in the foot. This has been a case of the Illuminist’s shooting themselves in both feet. Talk about financial vehicles of mass destruction. No we have three of them if we include derivatives. We have had limited sanctions against Iran for some 30 years, yet their economy has improved. In the years to come more growth will be there. Iran is breaking the hold on the petrodollar so it must be destroyed under any ruse. It must revisit the Stone Age. This is the elitist idea of freedom and liberty. After discussions as far as we can discern, the Iran oil deal with India is for 45% of payment in Rupee and the balance in barter. That eliminates the dollar in billion in annual oil imports from Iran to India. theinternationalforecaster.com www.infowars.com www.prisonplanet.tv twitter.com

The seven-week sanctions against Iran oil sales and the use of the banking system and the Swift Code facilities by US, UK and European governments has as yet not been effective. Negotiations are in process with six EU nations to adopt oil contracts for up to five years. Future oil must be paid for immediately. Four of those members can barely pay for oil now. The embargo as you can see is ridiculous. Even if alternative services are found how will they pay for all of it? This has to be one of the most ill thought out schemes ever. The financial end won’t stop payment countries can use barter, multiple currencies and gold. Talk about shooting one in the foot. This has been a case of the Illuminist’s shooting themselves in both feet. Talk about financial vehicles of mass destruction. No we have three of them if we include derivatives. We have had limited sanctions against Iran for some 30 years, yet their economy has improved. In the years to come more growth will be there. Iran is breaking the hold on the petrodollar so it must be destroyed under any ruse. It must revisit the Stone Age. This is the elitist idea of freedom and liberty. After discussions as far as we can discern, the Iran oil deal with India is for 45% of payment in Rupee and the balance in barter. That eliminates the dollar in billion in annual oil imports from Iran to India. theinternationalforecaster.com www.infowars.com www.prisonplanet.tv twitter.com