World financial markets are poised for a major phase transition. We are witnessing a bubble trifecta where a bubble in bonds, equities, and housing are beginning inflate beyond sustainability, which poses a very real threat to what is left of the real economy. Add to this that the underlying unit of measure is a currency backed by debt and politics.
The execution protocol is defined on the criminal procedure law, under article 212:
Before a people’s court executes a death sentence, it shall notify the people’s procuratorate at the same level to send personnel to supervise the execution.
Death sentences shall be executed by means of shooting or injection.
The crisis in the Euro-zone clearly shows that the “banking sector” is still a systemic risk for the whole economy. Although no way leads around a restructuring of Greek and Portuguese state debt, the EU financial politics recoils from such actions out of fear of the consequences for the European bank-system. What is publicized as “Euro-crisis” by politics and media is first and foremost a structural deficit within the European bank and finance system.
Get rid of banks and build up a modern financial world!
Stockbroker. Born Bernard Lawrence Madoff on April 29, 1938, in New York City to parents Ralph and Sylvia Madoff. Ralph, the child of Polish immigrants, worked for many years as a plumber. His wife, Sylvia, was a housewife and the daughter of Romanian and Austrian immigrants. The couple married in 1932, at the height of the great depression. After struggling financially for many years, Ruth and Ralph became involved in finance in the early 50s.
Currency debasement just the cost of doing business, raising new capital with toxic waste, looting on Wall street, looting in Europe, the heart has been ripped out of the US economy, US Credit rating downgraded, facing the collapse of the western welfare state.
The entire concept of keeping the economy functioning is based upon US dollar debasement via the creation of excess money and credit, which is accompanied by departments of government and Wall Street. Once in the past 11 years in particular we have seen lies, fraud, bogus statistics and Mickey Mouse bookkeeping. For good measure the powers behind government have thrown in the gutting of America’s industrial base by outsourcing and offshoring. As an extra temporary measure the Fed has bailed out the financial sectors in the US and Europe and continues to bail out the US Treasury. Who cares about currency debasement because it’s a cost of doing business.
We just witnessed another piece of legislation to destroy Social Security, Medicare and to usurp the US Constitution’s power to govern America via a “star chamber” group of 12 bought and paid for political operatives. Their style of government is very reminiscent of Soviet Russia and Nazi Germany.