Economic News

Dow falls to lowest in one year

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Today Online - Updated 11/08/12

nothing

NEW YORK - Stocks slumped, giving the Dow Jones Industrial Average its biggest decline in a year, as investors' focus turned to the budget debate and Europe's debt crisis following President Barack Obama's re-election.

All 10 groups in the Standard & Poor's 500 Index fell as financial shares suffered the biggest losses. Bank of America and JPMorgan Chase slumped at least 5.6 per cent. Apple retreated 3.8 per cent, extending a plunge from its September high to 21 per cent.

To read the rest of this story, visit TodayOnline.com.

Benjamin Fulford Update 10-22-12

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Benjamin Fulford Update 10-22-12

Posted on 2012/10/22

Commentary from Kauilapele's Blog: All I can say about this one is “use Higher Discernment”. Much of this has to do with the “international soap opera”, and Ben gives often “very alternative” information about events. I can assure all, that there is a lot we are not aware of. Whether all of what Ben reports here is accurate, I would say, time and the Light will tell.

I do not align with Ben’s apparent view that “Obama is a puppet of the Rothschilds and that’s all he is”. Obama is here for a much broader purpose, and I can guarantee that it is not simply to “do the Cabal’s bidding.” As a recent post by Steve Beckow reminds us, “President Obama is the political leader here to lead us into the New Age fast approaching.” That’s what I support.

Benjamin Fulford ~ The Oligarchs Of The West Keep Churning Their Wheels But Only Manage To Get Deeper Into The Mud ~

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Full Update 15 October 2012

 

Last week 20,000 bureaucrats, journalists and government officials descended on Tokyo for a WB (World Bankrupt) and IMF (International Masturbation Fund) meeting and accomplished exactly nothing.

The meeting was a total waste of time because neither of these two Western controlled institutions are willing to hand over control to the people and countries of the world. As a result, the 180 or so countries that are kept out of the control room naturally refused to hand over any more money to these defunct, unlicensed institutions.

Although this writer was in Tokyo and even walked within a few hundred yards of the festivities, he did not bother to go because having attended many such meetings over the years, he knew this one was doomed to be a dud. The Chinese made their feelings clear by not sending anybody senior.

As usual, the real news was happening under the surface where a titanic battle against the old world order continues to rage. In one development in that battle, at least $1.3 billion that went missing from the Japanese AIJ pension fund was traced to

RBS Libor Settlement Faces Delays

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Huff Post - Matt Scuffham and Steve Slater, 10/5/12


* Deal now unlikely until late 2012/early 2013 - sources

* Regulators at different stages of investigation - sources

* Bank had hoped for settlement in early Q4 - sources

Rbs Libor Settlement

LONDON, Oct 5 (Reuters) - Royal Bank of Scotland faces a delay in reaching a settlement over its role in the Libor interest rate rigging scandal because of difficulties agreeing a deal wi t h all the regulators involved, finance industry sources said.

The British bank is eager to draw a line under the affair and refocus attention on its recovery. The bank was partly nationalised during the financial crisis in a 45 billion pound rescue by the UK government.

To read the rest of this story, visit HuffingtonPost.com.

JPMorgan Chase Lawsuit: New York Attorney General's Suit Is First For Task Force

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Jpmorgan Chase Lawsuit

The New York Attorney General sued JPMorgan Chase on Monday, alleging that Bear Stearns, the troubled investment bank it bought in 2008, "kept investors in the dark" about the quality of the mortgage-backed bonds it was selling as the market started to sour.

The lawsuit is the first legal action against a Wall Street bank to come from a joint federal and state task force announced by President Barack Obama during his State of the Union address in January. It alleges civil fraud violations, which means that potential penalties will be measured in dollars, not jail terms. Nevertheless, the JPMorgan Chase lawsuit qualifies as one of the more significant actions taken by a law enforcement agency to date against a Wall Street bank.

Ben Fulford Update~The powers who were, are running out of Money~

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Ben Fulford

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September 24, 2012

The United States of America Corporation (as opposed to the Republic of the United States), based in the Vatican-like independent city state of Washington D.C., has its fiscal year end on September 30th. This criminal corporation has been constantly at war over the past 60 years if not the past several hundred years. It needs to be bankrupted once and for all and many of us are trying to do just this. The 13 inbred families that own this corporation have been trying desperately to avoid bankruptcy by starting World War 3.
However, even though they retain a rump of brain-washed slaves in Europe and North America, they have lost their ability to fool the world’s governments, militaries and intelligence agencies. Soon even the brain-dead TV slaves will awaken.

Russia Forgives $11 Billion In North Korean Debt

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GFP Note - Geoffrey West mentioned this news on Cosmic Vision News last night. This debt forgiveness on the part of Russia may indicate that the changes we have been watching for have started to become public.

Business Insider - Joshua Berlinger, 9/18/12

Kim Jong Un Ladyfriend

Photo - AP

Russia has signed a compact with North Korea that will write off 90 percent of the debt the DPRK has accrued since the Cold War, and will reinvest the remaining 10 percent back in the reclusive Asian country.

The total debt forgiven is approximately $11 billion.

To read the rest of this story, visit BusinessInsider.com.

NESARA~Related News: Japan’s China Ambassador Dies Five Days After Appointment

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Commentary and Thank You to Stephen Cook

Shinichi Nishimiya, Japan’s new ambassador to China, as found collapsed on a street in Tokyo on Thursday morning but died in hospital on Sunday Photo: REUTERS

 

Stephen: There’s a lot of  ‘stuff’ going on behind-the-scenes in Asia right now – all of it related to the implementation of the abundance/prosperity programs and the impending arrival of NESARA.

We’ve already seen the ‘suicide’ of Japan’s Finance  Minister this week: http://the2012scenario.com/2012/09/japans-finance-minister-commits-suicide-on-suicide-prevention-day/

 

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