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DETROIT PLANNING BANKRUPTCY: State Laying Groundwork For Managed Bankruptcy For Detroit

Even as the state Treasury prepares to begin another financial review of Detroit’s books, a plan is being solidified in the governor’s office that would guide Michigan’s largest city through what is being called a managed bankruptcy.

The working concept, still evolving, assumes that the state’s financial review would find severe financial distress in Detroit, that Mayor Dave Bing and City Council would be unable to push through overdue restructuring, and [...]

A LA WEIMAR: THE BANK OF ENGLAND HAS JUST CROSSED THE LINE INTO OUTRIGHT GOVERNMENT MONETIZING

Last week’s news that the Bank of England had stopped Quantitative Easing early because it was not needed was a load of rubbish.  The truth is that it was stopped early because MORE COUNTERFEITING WAS NEEDED, and the BOE figured out a way to directly monetize the debt, while out of public scrutiny. 
QE will continue TO INFINITY….AND BEYOND!!!  on both sides of the pond.
The MSM story actually comares the practice to Weimar [...]

Fed Judge Rules your Bank Accounts Are Not Your Property, Banks Are Not Responsible If They Lose Your Funds!!!

GAME OVER

RED ALERT: It’s Open Season on All Customer Funds

Posted by Ann Barnhardt – August 10, AD 2012 3:33 PM MST

The NFA is collusion with the Banksters, government and judiciary have achieved their goal. The entire concept of “customer segregated funds” is officially, completely, legally dead.

Guys, it is OVER. I know that many of you are still cowering in normalcy bias, unable to deal with reality, unable to face the [...]

France To Raise Top Tax Rate To Shocking 75%

Francois Hollande, the newly elected socialist president of France, looks set to achieve one of his main campaign goals and will impose a 75% tax rate on people earning more than $1.23 million per year, reports the Washington Post.

 

It’s thought that the tax, which is a marked increase from the previous rate of 48%, will be implemented by next year, according to AFP.

Ministers have said that the tax will be temporary, and is [...]