ASIC obtains federal court order banning derivatives trading director from providing financial services for six years

ASIC action has resulted in Mr Neil William King, formerly of Brighton, Victoria, being removed from the financial services industry for six years.

In proceedings brought by ASIC against Camelot Derivatives Pty Ltd (in liquidation) (Camelot) and Mr King, the Federal Court today found that:

Matt Taibbi speaking at an Occupy Wall Street day of action, February 29th, 2012. He wrote this article for OWS, and passed it out to the crowd.  It’s an informative and urgent call to action for Americans from all walks of life.  We are happy to be the first to publish it.

What would happen if the Federal Reserve was shut down permanently?  That is a question that CNBC asked recently, but unfortunately most Americans don't really think about the Fed much. Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people.  But that is not the case at all.  The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt.  During this election year, the economy is the number one issue that voters are concerned about.

The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal.  The scandal involves employees signing names not their own, under titles they did not really have, attesting to the veracity of documents they had not really reviewed.  Investigation reveals that it did not just happen occasionally but was an industry-wide practice, dating back to the late 1990s; and that it may have clouded the titles of millions of homes.  If the settlement is agreed to, it will let Wall Street bankers off the hook for crimes that would land the rest of us in jail – fraud, forgery, securities violations and tax evasion

Twenty-two months of hysteria of an impending European financial collapse, starting with Greece in March of 2010, will finally come to an end in 2012, according to the founder of Trends Research Institute, Gerald Celente.

Right now the Federal Government is at pains to tell everyone – including us the mug-punters, to the International Monetary Fund, that it will not exceed its own, self-imposed, borrowing limits. How much? $200 billion.

Iceland Tells the Banks to Stick it

The scare tactics used by Wall Street and Washington to bail out the banks at the top of the credit crunch ensured that they'd live to rob another day. But in Iceland they said enough was enough and decided to let the banksters stew in their own juices. It's paid off.

Iceland defaulted on $85 billion of so-called "debt." The pundits and talking heads said their country was finished. They were wrong! This year, Iceland GDP grew by 2.5%, and it is forecast to grow by 1.5% next year. That's pretty good. Capital controls are being relaxed, and the currency is strengthening. It seems you don't need to bailout the banks after all. (Their "debt" exists only in the form of pixels on their computer screen. So does ours in Australia. It has no other existence. Hopefully, little insignificant Iceland will lead the way for other countries - including Australia - to see and understand the gigantic hoax we have been living under now for over 100 years, and get out from under, by taking back control of our own monetary and banking system. Ed.)

Why does the media always label any criticism of Jews as "anti semitism"?
Since when did the truth deserve that label?

There was a Black teacher with the 'occupy wall street' group, who said, "the Zionist Jews who run the Federal Reserve should be run out of town and country." SHE IS CORRECT IN HER ASSESSMENT, AND THE FACTS BEAR OUT WHAT SHE SAID.

Wow... just wow.

While Americans are left struggling, the Fed screws us again and again and again.

Hat tip to The Economic Collapse:

According to the GAO audit, $16.1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010.  The following list of firms and the amount of money that they received was taken directly from page 131 of the GAO audit report....