Stocks tumbled again on fears of the rapidly approaching fiscal cliff in the United States and a failure by eurozone finance ministers and the IMF to decide how Greece will resolve its sovereign debt and pay off the banksters at Société Générale, Deutsche Bank, Eurobank, and other loan sharking institutions.
“This morning the reasons du jour started out with Europe and the kerfuffle over Greece and then you have the fiscal cliff,” Michael Holland, chairman of New York-based Holland & Co., told Bloomberg News.
Amid the lackluster performance of the stock market, the Obama administration has invited top establishment politicos in Congress to the White House later this week to hammer out a plan to avoid the so-called fiscal cliff. Business honchos from some of the world’s largest transnational corporations will be in attendance, including those from American Express, Ford Motor and Honeywell International.
“We’re not out of the woods yet,” said Guillaume Duchesne, an equity strategist at BGL BNP Paribas SA in Luxembourg. He added that a resolution of the financial crisis threatening to extend the recession for the foreseeable future depends on the leadership of Obama.
According to Rep. John Fleming, we won’t be getting out of the woods anytime soon, especially with Obama at the helm. “It looks like we’re going to have to go through the same or similar pain [as Greece] to get real reforms,” the Louisiana Republican told the Daily Caller on Sunday.
He said that if the current economic trend is not reversed, “what’s going to happen is there’s going to be a day of reckoning that gets into a serious situation where we have to make tough choices.”
Greece’s fiscal pain erupted into violent riots last week after the country’s three-party coalition government voted to adopt the €18.5bn budget cuts by 2016. Protesters lobbed Molotov cocktails and rocks at police who responded with stun grenades, tear gas and the first use of water cannon in Greece in years, according to The Telegraph.
“Americans may think this sort of thing can’t happen here, but the globalists plan to take them down too,” we wrote on November 7 as riots commenced in Greece. “The economic meltdown is a slow burn that will eventually lead to violence, but Americans will not be just throwing Moltov cocktails like the Greeks.”
Reblogged this on Shane Cloud and commented:
Will the world get worse before it gets better? Or will humanity even get better due to all the Evil Greed that swarms the Globe?
Sen. James Inhofe (R-OK) seemed to contradict his colleague Sen. Tom Coburn’s (R-OK) stance on Tuesday on federal assistance for victims of the Moore, Oklahoma tornado, suggesting that there will be help coming. But he also differentiated that need from his opposition to aid for victims of Hurricane Sandy. “That was totally different,” he told MSNBC host Kri […]
A US appeals court ruled Tuesday that the federal government is not required to release photos that were taken of Al Qaeda leader Osama Bin Laden after he was killed by special forces. The Al-Qaeda leader was slain at his Pakistani compound in May 2011 by US Navy SEAL commandos, who took pictures of their target’s corpse in order to confirm the success of th […]
Pinning the deadly tornado in the US state of Oklahoma on climate change is wrongheaded, even though the world is set to see a rise in high-profile weather disasters due to global warming, the leader of a UN body said Tuesday. Rajendra Pachauri, head of the UN-backed Intergovernmental Panel on Climate Change, said data was still coming in about Monday’s mass […]
The number of women jailed in Afghanistan for “moral crimes” such as fleeing abusive husbands has risen sharply, Human Rights Watch said Tuesday, undermining claims that the status of women has improved. The campaign group said interior ministry statistics revealed that the number of women and girls convicted of “moral crimes” in the war-torn country increas […]
Scientists said Tuesday they had managed to kill lab-grown tuberculosis (TB) bacteria with good old Vitamin C — an “unexpected” discovery they hope will lead to better, cheaper drugs. A team from Albert Einstein College of Medicine in New York made the accidental find while researching how TB bacteria become resistant to the TB drug isoniazid. The researcher […]
The discovery of ancient coins on an uninhabited Australian island could soon rewrite the history books. Australian soldier Maurie Isenberg first came...
Students at a house in Iowa have reported one of the most bizarre cases of paranormal activity yet. The group of students moved in to the building nea...
A 505 million-year-old fossil has been named after its resemblance to film character Edward Scissorhands. "Kooteninchela deppi" was a distant ancestor...
A chunk of rock nine times the size of the QE2 ocean liner will pass within 3.6 million miles this month. Discovered on August 9th, 1998, the asteroid...
Two different invasive species of ant have been battling for dominance in the Southern United States. Fire ants have proven themselves a menace for ye...
In a world first, an exploration team has proved that it's possible to drive from Russia to Canada. To achieve this feat, the team from Russia used mo...
New DNA evidence has suggested that the ancient Minoans may not have originated in Egypt at all. When Sir Arthur Evans discovered the Palace of Minos ...
A fried breakfast food popular in Spain provided the inspiration for the development of doughnut-shaped droplets that may provide scientists with a new approach for studying fundamental issues in physics, mathematics and materials.
Turns out, that old "practice makes perfect" adage may be overblown. New research finds that a copious amount of practice is not enough to explain why people differ in level of skill in two widely studied activities, chess and music.
Video games that pit players against human-looking characters may be more likely to provoke violent thoughts and words than games where monstrous creatures are the enemy, according to a new study.
Salamanders' immune systems are key to their remarkable ability to regrow limbs, and could also underpin their ability to regenerate spinal cords, brain tissue and even parts of their hearts, scientists have found. In new research, scientists have found that when immune cells known as macrophages were systemically removed, salamanders lost their ability […]
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Reblogged this on Shane Cloud and commented:
Will the world get worse before it gets better? Or will humanity even get better due to all the Evil Greed that swarms the Globe?