Friday, 15 January 2010

2010 - predicting the futue

2010: Giant Gathering Storm Clouds

The blind, the deficient, and the compromised fail to fully appreciate and detect the meaning of the Dubai debt default or the Iceland financial failure. They actually believe these busts have been dealt with by the very strength of the capitalist system. These default failures signify a continuation of the credit market crisis that never went away.

This will be the year of magnificent crises that change the face of the global financial structures. Debt will be dumped like a broken Vegas gambler. Paper money will be discarded like yesterday's newspaper.

Read the rest of the article for all the good news and predictions for 2010. Happy New Year!

Thursday, 14 January 2010

Watch this!

And if you have £20 to spare you could do a lot worse than give it to this guy!

Thursday, 7 January 2010

Watch this!

Wednesday, 6 January 2010

Cuba of the North

Angry Iceland defies the world

Iceland's president has blocked a Bill to pay Britain and Holland up to £3.4bn for Icesave depositors, acknowledging that popular feeling in the island nation is too strong to proceed without a referendum.

The reality is that Icelanders have erupted in collective rage at what they believe to be gross injustice and "gunboat diplomacy" by Downing Street. What rankles is Britain's use of anti-terrorism law to freeze Iceland's assets. The Icelandic central bank was listed besides al-Qaeda as a terrorist body – unprecedented treatment for a NATO ally. Holland was careful not to go so far.

"Importers couldn't get trade finance for food. We feel deeply wronged," said Johannes Skulason from InDefence. Shelves were bare for weeks in Icelandic shops as the banking system disintegrated.

Watch the IMF and banking community start their dirty tricks to force Iceland to play the game!