German politicians, media warn about the next global financial crisis
OPS_admin | Nov 26, 2009 | Comments 0
Within Germany’s top political circles fear is growing of a second international financial crash exceeding in intensity and impact that of autumn 2008.
At the weekend, Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble (both Christian Democratic Union—CDU) warned that the economic crisis was far from over. “We have initially succeeded in limiting the effects of the crisis on people, but difficulties remain in front of us,” Merkel told a CDU meeting.
Schäuble compared the present financial crisis with the fall of the Berlin Wall twenty years earlier. “The financial crisis will change the world as powerfully as did the fall of the [Berlin] Wall. The balance between America, Asia and Europe is shifting dramatically,” he told Bild am Sonntag. He also appealed to bankers to exercise restraint when it came to their bonus payments.
Jean-Claude Trichet, president of the European Central Bank, expressed fears about a social collapse if there is a new round of bank failures. “It is surely too early to say the crisis is over,” he told a European congress of bankers in Frankfurt, adding the warning: “Our democracies will not accept twice giving such extensive support to the financial sector with taxpayers’ money.”
Full Story German politicians, media warn about the next global financial crisis.
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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