Immer deutlicher sichtbar: Obama „dreht durch“
Budapest weist IWF zurück
Hungary Tells the IMF to Get Lost
Kesha Rogers Mounts in Polls
Russia Funds Ambitious New Cosmodrome
Obamas Popularität sinkt weiter, die Entscheidung rückt näher
Elite Russian Magazine Features LaRouche's 1995 Speech to Duma
Obama in the Bunker as Cities and States Collapse
"Strategy of Tension" in Italy Was Made in London
EU-Rettungsaktionen sind verfassungswidrig - die Bürger müssen mobilisieren
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Banco Santander, nominally of Spain, claims to have one of the lowest rates of non-performing loans (NPL) among banks anywhere in the world. What they don't report, however, is that they come up with the figures through sleight-of-hand and manipulations, especially on the utterly bankrupt Spanish real estate market.
The real picture, as opposed to that reported, includes: a) official foreclosures, which are included in official NPLs (which were at 3.4% for Santander in 2009, up from 2.0% a year earlier); b) loans non-performing for more than 3-6 months, i.e. that are in de facto default, but which have not been called by the banks, and therefore don't go on the books as NPLs; and c) properties bought up by the banks themselves from defaulting owners, again just to keep them off the books as defaulted. This latter category is huge in Spain, constituting an entire "shadow inventory."
One investment analyst from the French firm Cheuvreux estimates that total Spanish bank NPLs are actually 9%, twice the officially reported level of 4.5%. But it could just as easily be 3-4 times that - not to mention the bankrupt derivatives piled on top of the original mortgages.
As result, in 2009, Spanish banks reduced their lending to companies by 38% and to households by 32%.
Immer deutlicher sichtbar: Obama „dreht durch“
US-Präsident Barack Obama, der schon immer eine anfällige, narzißtische Persönlichkeit war, dreht nun offenbar psychologisch durch. Er und sein engster Kreis brüsten sich zwar mit seinen „erfolgreiche... [weiter]
Budapest weist IWF zurück
Am 22.7. stimmte das ungarische Parlament mit überwältigender Mehrheit von 301:12 Stimmen (bei 386 Mitgliedern) für das Gesetzespaket von Ministerpräsident Viktor Orban für eine „nationale wirtschaftl... [weiter]
Hungary Tells the IMF to Get Lost
On July 22, the 386-member national parliament of Hungary passed the "national economic revolution" package of Prime Minister Viktor Orban with an overwhelming majority of 301 to 12 votes and one abst... [weiter]
Kesha Rogers Mounts in Polls
The first poll numbers released for the Texas Congressional races caused a stir in "official" circles of both parties, including the results for Kesha Rogers, the Democratic Party nominee in the 22nd ... [weiter]
Russia Funds Ambitious New Cosmodrome
While a certain faction of the Russian leadership around Anatoli Chubais clings to the illusion of creating a new nanotechnology and financial services bubble, others are moving ahead to build up the ... [weiter]
Obamas Popularität sinkt weiter, die Entscheidung rückt näher
Nach der Verabschiedung von Präsident Obamas Finanzreform in den USA am 15.7. wurde an der Wallstreet und der Londoner City gefeiert. Auch wenn sich die meisten Europäer noch Illusionen hingeben: Die ... [weiter]
Elite Russian Magazine Features LaRouche's 1995 Speech to Duma
The July 14 issue of the Russian monthly VVP published an article titled, "Endgame for Financial Globalization", written by Alexei Perochinny and other experts in the "Global Adventure" researc... [weiter]
Obama in the Bunker as Cities and States Collapse
With passage of the Obama financial reform bill on July 15, the champagne bottles were uncorked on Wall Street and in the City of London. Contrary to the illusions of most Europeans, the financial com... [weiter]
"Strategy of Tension" in Italy Was Made in London
The "unspeakable truths" of Italian postwar terrorism are presented in a new book by one of Italy's most famous prosecutors, Rosario Priore, and journalist Giovanni Fasanella. Over the past 30 years, ... [weiter]
EU-Rettungsaktionen sind verfassungswidrig -
die Bürger müssen mobilisieren
Am 7.7. stellten die vier „Anti-Euro-Professoren“ Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider und Joachim Starbatty in Berlin in einer Pressekonferenz ihre erweiterte Verfassungskl... [weiter]
The EU Bailout Is Illegal and Unconstitutional!
EIR at Press Conference of Anti-Euro Professors
The four “anti-euro professors” in Germany – Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider, and Joachim Starbatty – held a press conference in Berlin July 7, to announce that they ha... [weiter]
More Action against the Euro: “The Protective Shield from Brussels Will Not Save the Currency Union!”
The five German plaintiffs in the case against the EU bailout at the Constitutional Court — Wilhelm Hankel, Wilhelm Nölling, Karl Albrecht Schachtschneider, Dieter Spethmann and Joachim Starbatty — ... [weiter]
EIR Confronts Trichet, Who Defends
Bankers' Law against Constitutional Law
Asked by EIR, at his monthly press conference in Frankfurt, about the Constitutional challenge against the European “financial safety net” filed by the “Four anti-euro professors” in Germany, E... [weiter]
