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Bailouts

Capitalising on American Tear Gas Lobbed at Egyptian Protesters

Yes, you already knew our government was extremely supportive in propping up the corrupt Egyptian regime, mostly as a means of keeping their torture routes protected and the oil and military markets flowing profitably... And, no doubt, we will send more tear gas if they need it because there is a lot of money to be made in never ending wars:

“Made in the USA” Tear Gas Thrown at Protesters in Egypt

The United States has given billions of dollars in military aid to Egypt over the decades. The State Department approved the sale of tear gas to its police, despite its known history of brutality.

But the entire Arab world is starting to look like another neoconservative disaster as the lies and collusion between the USA, the UK, Israel and the supposed enemies of freedom - like the contorted and distorted "enemies" in Palestine, for example - come to light. It is another neoconservative contrived clusterfrack of foreign policy failure. But much like the Shock Doctrine delivered banking disaster is, the organized chaos the elite powers that be have preyed upon should be exposed for the Disaster Capitalism that has resulted.

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More Shocking Revelations From Bank of England's Mervyn King

In the aftermath of the provably orchestrated and Shock Doctrine delivered Bankster Bailouts comes the inevitable Disaster Capitalism delivered message of "austerity for you". Well? If you understand Shock Doctrine techniques typically used to get what they want:

Bank of England chief Mervyn King: standard of living to plunge at fastest rate since 1920s

Households face the most dramatic squeeze in living standards since the 1920s, the Governor of the Bank of England warned, as he reacted to the shock disclosure that the economy was shrinking again.

Families will see their disposable income eaten up as they “pay the inevitable price” for the financial crisis, Mervyn King warned.

...snip...

“The squeeze on living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies.”

It is inevitable! There was a shocking disaster and everyone has to pay for it!

Well? The plebes have to pay for it.

Coming from the same guy that the Bush State Department - as evidenced by wikileaks #cablegate - was helping to orchestrate the bailout of the banksters 6 months before Bush finally was ready to deliver the scripted announcement of the "unforeseeable market disaster".

But this austerity moment isn't well planned, in advance, Disaster Capitalism and as a result of this latest phase of that orchestrated Shock Doctrine like delivered disaster either, eh?

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"Enough!"

In keeping with the pink and white elephant concept, here's a callout via Keith Olbermann regarding the banking and financial institution bailouts:

Not bad. Anybody else got any good video commentaries to add, with other perspectives?

Consider this an extension of the preceding Open Thread.

Hat-tip Lordrag of Delphiforums.

Feeling the Pinch - Roundup of Economic News

Things just seems to be getting more dismal on the economic front. Even after the approval of the bailout or TARP, the Dow is still flirting with 8,000 and foreign markets are declining. There are visible signs locally, with decreased traffic, fewer people eating out, and even tho retailers are offering huge sales the number of shoppers is down. 

Open Thread -- Mo' Money

So where is the money coming from?

CEOs Urge $500B bailout

$700B - $500B ... these numbers are tossed around like they only exist in some arbitrary spreadsheet somewhere.  But in the end our grandchildren will still be paying the bills for these blunders.  Seems like the treasury doors have been taken off their hinges and it is a free-for-all ...

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Daily News is on hiatus for a week, so please add news items of interest, rants or raves, in the comments.

Freddie, Fannie And Friends

The wonderful world of our capitalist society, small c for the few that capitalize!

With trouble brewing inside mortgage giants Freddie Mac and Fannie Mae, Armen Keteyian reports that the nation is learning more and more about the companies and their friends in high places.

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