North Korean Poster A grim report circulating in the Kremlin today written by Russia’s Northern Fleet is reporting that the United States has ordered a complete media blackout over North Korea’s torpedoing of the giant Deepwater Horizon oil platform owned by the World’s largest offshore drilling contractor Transocean that was built and financed by South Korea’s Hyundai Heavy Industries Co.... 

A leading economic think tank has predicted that income tax will increase in stage to 6 pence in the pound to fund “recovery” — while the Lib-Lab-Con axis of deceit continue to conceal their real plans for massive tax hikes. It has been revealed in a report by the prestigious National Institute for Economic and Social Research (NIESR) that plans by the establishment parties to make cuts in spending... 

Goldman Sachs came under fresh pressure this morning after it was revealed the Wall Street powerhouse faces a criminal investigation into mortgage security deals it arranged. The inquiry follows civil fraud charges filed by the government against Goldman two weeks ago. The U.S. attorney’s office in Manhattan opened the investigation following a criminal referral by America’s financial watchdog,... 

Investors are abandoning the euro at a rate not seen since the collapse of Lehman Brothers Holdings Inc. as Europe’s worsening fiscal crisis threatens to splinter the 16-nation currency union. Pension funds and banks sold euros this month at the fastest pace since the second half of 2008, when the currency tumbled more than 25 percent against the dollar between mid-July and the end of October, according... 

Lloyd Blankfein As the U.S. housing turned downward in January 2007, a Goldman Sachs trader wrote in e-mails to a woman he apparently was courting that investments he had sold were “like Frankenstein turning against his own inventor.” “I’m trading a product which a month ago was worth $100 and today is only worth $93,” wrote Fabrice Tourre, who was charged along with the... 

Glenn Beck Faith, hope and charity: We used to seek God’s blessings on the country, we used to pursue maximum freedom to solve problems and we’d rely on one another in times of need. Now we’re being pushed towards what progressives have always found hope in: Dependency on regulations and administrations. Average Americans find that approach to be red tape. Our Founding Fathers found... 

Obama: Value-added tax still on the table despite White House assurances otherwise, campaign promise not to raise taxes for families earning under $250,000 a year The global banking elite are preparing to assault Americans with two huge new tax increases as President Obama contradicts the assurances of White House aides and his own campaign trail promise by asserting that a VAT tax is still on the... 

A Florida businessman with a penchant for luxury cars, philanthropy and socializing with professional basketball players was charged in federal court today with orchestrating an $880 million Ponzi scheme authorities say bilked at least $80 million from investors in New Jersey and elsewhere. Nevin K. Shapiro which is Jewish of Ashkenazic origin, 41, surrendered to agents from the FBI and the Internal... 

The Pandora’s box of the SEC’s action against Goldman, which if validated in court will effectively make the issuance of every hybrid CDO product quasi-illegal, will lead to an explosion of lawsuits against virtually any bank that was active in the structured finance space during the housing boom, adding to a fresh round of “non-recurring” charges to bank income statements. Case in point... 

Hope you can all believe in School districts around the country, forced to resort to drastic money-saving measures, are warning hundreds of thousands of teachers that their jobs may be eliminated in June. The districts have no choice, they say, because their usual sources of revenue — state money and local property taxes — have been hit hard by the recession. In addition, federal stimulus money... 

More Bailouts... Fresh off his successful (for now) effort to ram through an unpopular healthcare “reform” law, President Barack Obama is now fighting for legislation on Capitol Hill that would set up a permanent fund to bail out companies in the financial sector. Of course, that’s not how his team is spinning things. On the White House Blog, Jen Psaki claims that “under the Senate bill, the... 

George Soros George Soros, the billionaire financier, says he thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, Reuters reported, citing an interview conducted with Italian newspaper. “The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not... 

Goldman Sachs Group was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street’s most powerful bank and the nation’s top securities regulator. The civil lawsuit is the biggest crisis in years for a company that faced criticism over its pay and business practices after emerging from the global... 

George Soros Railway porter-turned-billionaire Jewish financier George Soros delivered a stark warning last night that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis. The man who broke the Bank of England (and who is still able to earn a cool $3.3 bln in a year) said the same strategy of borrowing and spending that... 

Obama, Giving the sign of the Horns (Satanist salute) Initial reports prepared for Prime Minister Putin on US President Barack Obama’s extraordinary meeting with World leaders on the Global economic situation states that the Americans are now warning that a complete crash of the Global banking system is “all but inevitable” and “can’t be stopped”. According to these grim reports, Obama...