FEDERAL RESERVE OPENS TAP OF CASH TO EU

WE HAVE AN INTERESTING COINCIDENCE HERE.THURSDAY THE STOCK MARKET LOSES $1 TRILLION DOLLARS IN 15 MINUTES.AND NOW MAGICALLY 4 DAYS LATER THE FEDERAL RESERVE WILL FUNNEL CASH OF UP TO A TRILLION DOLLARS TO BAILOUT BANKS ESPECIALLY EUROPEAN UNION COUNTRIES......MAGIC $1 TRILLION DOLLARS AY.I SMELL A FEDERAL RESERVE ROBBERY OF THE STOCK MARKET THURSDAY TO COME UP WITH INSTANT CASH FOR EUROPE.

ITS 8AM ON MON MAY 10,10 AND THE DOW FUTURES ARE UP 400 POINTS.MY QUESTION IS HOW CAN YOU POSSIBLY TRUST A FIXED MARKET AND THINK YOU CAN MAKE MONEY ON A SYSTEM THAT IN 15 MINUTES CAN LOSE YOU $1 TRILLION DOLLARS.

ITS 9:45AM MON MAY 10,10 THE MARKET OPENS UP AS HIGH AS 450 POINTS.THE SKY IS NOT FALLING ANYMORE AND FANNIE & FREDDY WANTS MORE BAILOUT CASH FROM THE GOVERNMENT.JUST LIKE I FIGURED WOULD HAPPEN.NO MORE WW3,PEACE HAS SUDDENLY HIT THE MARKETS.MAN ARE YOU DECIEVED IF YOU BELIEVE THIS LIE.

GERALD CELENTE-SUMMER 2010 OF TERROR-VIDEO
http://www.youtube.com/watch?v=bCqVkXX5lq8&feature=player_embedded
http://www.youtube.com/watch?v=q8ApSBDwWic&feature=player_embedded
http://www.youtube.com/watch?v=QVonJr9XvK0&feature=player_embedded
http://www.youtube.com/watch?v=yB1msw__g1Y&feature=player_embedded
http://www.youtube.com/watch?v=1b7kGfRZ0AI&feature=player_embedded
MEDVEDEV-POSSIBLITY OF WAR EXISTS
http://www.youtube.com/watch?v=gw6BweaW-L0&feature=player_embedded
MAX KEISER ON JONES PLUS THE REST OF THE WEEK SHOWS TO LISTEN TO AFTER 4PM
http://rss.nfowars.net/20100510_Mon_Alex.mp3
http://rss.nfowars.net/20100511_Tue_Alex.mp3
http://rss.nfowars.net/20100512_Wed_Alex.mp3
http://rss.nfowars.net/20100513_Thu_Alex.mp3
http://rss.nfowars.net/20100514_Fri_Alex.mp3
http://rss.nfowars.net/20100516_Sun_Alex.mp3

MAX KEISER ON JONES TODAY SAID THE BANKS LEAD BY GOLDMAN SACHS CRASHED THE MARKET THURSDAY DUE TO THE USA GOVERNMENT WANTING TO PASS A BILL THAT WOULD BREAK UP THE BANKS.THE BILL WAS NOT PASSED AND THE BANKERS PUT THE STOCK MARKET BACK UP TO 400POINTS INSTEAD OF CRASHING THE MARKET.THIS WAS JUST A BANKING SCAM TO NOT BREAK UP THE BANKERS CONTROL OF THE WORLD ECONOMICALLY.

THIS IS ECONOMIC TERRORISM AND PHYCHOTIC CONTROL BY THE BANKERS TO GET A GLOBAL BANKING TAX,WORLD TAX FOR THE BANK OF THE WORLD(I.M.F).SO THE CITIZENS WILL PAY TAXES ON TOP OF TAXES AND ADDED TAXES ON FOR THE GLOBAL GOVERNMENT BANKERS.IT SEEMS BUFFETT GOT RID OF STOCKS THAT WERE BURRIED IN THE COLLAPSE THURSDAY,SO HE NEVER LOST IN THE BANKERS CRASH.INTERESTING!

OTHER STORIES ABOUT THE CRIMINAL FALSE FLAG BAILOUTS TO BANKERS
http://www.prisonplanet.com/american-taxpayers-looted-to-bail-out-the-euro.html
http://www.prisonplanet.com/bankers-economists-mass-centralization-at-heart-of-euro-bailout.html
http://www.prisonplanet.com/summary-of-the-biggest-bail-out-ever-even-keynes-is-spinning-in-his-grave.html
http://www.prisonplanet.com/farrakhan%e2%80%99s-obama-revelation-%e2%80%98before-he-was-elected-he-was-selected%e2%80%99.html (VIDEO)

Ron Paul: Euro Bailout Will Lead To Currency Collapse
Paul Joseph Watson Prison Planet.com Monday, May 10, 2010

As Europe is bailed out to the tune of nearly $1 trillion dollars, Congressman Ron Paul warns that the constant monetization of debt, allied with taxpayer-funded bailouts, will inevitably lead to runaway inflation and the collapse of paper currencies.Under the terms of the Federal Reserve’s credit swap deal with the EU – in addition to an additional IMF bailout of which U.S. taxpayers will be picking up 20 per cent ($57 billion dollars) of the tab, Paul pointed out that not just taxpayers but anybody that buys anything will be funding the European bailout because of the attendant inflationary consequences.The prices are going up already, producer prices are going up, the cost of living will go up so everyone in American will suffer and eventually the whole world will suffer because we cannot carry the whole world with our dollar, Paul told Fox Business, adding that eventually people will lose confidence in the dollar.The Congressman agreed with the host that the bailouts would lead to the crash of paper currencies, noting that last week’s stock market turmoil was accompanied by gold acting as a currency rather than just reacting to the value of the dollar.Gold has been money for 6,000 years and it will remain that way and it will rule the roost, said Paul, adding that the dollar was weak in comparison with the strength of gold.All paper currencies are under attack and this cannot be sustained, said the Congressman.

Paul then explained how the ECB has completely reversed its promise that it wouldn’t monetize debt and how Bernanke had also gone back on his word that U.S. dollars would be use for this purpose. When I talked to Bernanke last time in the Committee he said they had no intention of bailing out Greece but they are, through the IMF as well as opening up these swap lines to all the central banks, so it is on the shoulders on the burden of the American taxpayer and our dollar so all we’re doing is perpetuating a very very bad system and this is not a solution at all,he said.
Paul agreed with the host that the bailout was merely a stunt to buy time while failing to address the underlying problem of European socialism and the entitlement culture, which is fast running out of money with which to keep itself ticking over.
Watch the clip below.
http://www.youtube.com/watch?v=5VYUlxyuyo0&feature=player_embedded

BARROSO VIDEO
http://www.youtube.com/watch?v=8rxzZm9zMes&feature=player_embedded
http://www.youtube.com/watch?v=Li4HFDhz3So&feature=player_embedded

Banksters Throw a Trillion Bucks Down a Black Hole
Kurt Nimmo Infowars.com May 10, 2010

The EU apparatchiks are in crisis mode. European Union boss Jose Manuel Barroso told us not to worry, though. They’re on it. This morning’s agreement will ensure that any attempt to weaken the stability of the euro will fail,said Barroso today as the EU threw around a trillion bucks at the cancer spawned by the Greek debt crisis.We have stated that we will do whatever is necessary to defend the stability of the euro,he said with an actor’s confidence. Barroso’s confidence game is designed to trick investors into thinking the eurozone with its fresh influx of IMF money is back on the road to good health. Instead it is like Max Factor smeared on a terminal cancer patient. Don’t expect CNBC or the market talking heads with their dizzy snake oil salesman demeanor to tell you the truth. The so-called nuclear option now underway will only prolong and ultimately intensify the global economic crash.

Barroso and the EU apparatchiks are throwing more fiat money down a yawning rat hole. Europe is mimicking the Federal Reserve in its effort to throw money at the inevitable collapse of the bankster edifice. As we have long expected, Bernanke is now willing to sacrifice the dollar at any cost to prevent the euro unwind. This is nothing than a very short-term fix, whose half life will be shorter still than all previous ones,notes Zero Hedge. This may very well still turn out to be the shortest and must futile trillion dollar bailout in history yet,predicts the ever prescient Tyler Durden.Of course it will be shorter. The latest scheme is a palliative designed to make us think central bankers, the IMF, and EU apparatchiks along with the mighty Federal Reserve are bending over backwards to save the economy. In fact, the plan is to deliberately wreck the global economy and usher in authoritarian world government. The debt crisis is an engineered affair that will move from Greece to Spain and Portugal and beyond. Call it Lehman Brothers II, an effort undermine economic health and stave off any hope of recovery. Debt, debt, and more debt. That’s how the globalists play the game. Eurozone countries with outsized deficits and an unsustainable debt trajectory will require the sort of austerity medicine that has Greeks in the street in pitched battles with the cops. The devaluation bottom is now within reach. Get ready for your purchasing power to go down the tubes along with your standard of living. Prepare yourself for IMF austerity. Get ready to be merged into the New World Order and world government. Get ready for carbon taxes, value added taxes, and more wealth confiscation schemes.Our only hope is to tell the bankster cartel to shove their snake oil where the sun does not shine.

American Taxpayers Looted To Bail Out The Euro
Paul Joseph Watson Prison Planet.com Monday, May 10, 2010

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance.The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent,reports the Associated Press.The Fed’s action reopens a program put in place during the 2008 global financial crisis under which dollars are shipped overseas through the foreign central banks. In turn, these central banks can lend the dollars out to banks in their home countries that are in need of dollar funding to prevent the European crisis from spreading further.As we reported last time this program was enacted, the Federal Reserve refused to say which foreign banks had received an estimated half a trillion dollars in credit swaps. The program is unconstitutional under Article 1 of the U.S. Constitution which states, No money shall be drawn from the treasury, but in consequence of appropriations made by law.In addition to the credit swap program being re-enacted, the IMF portion of a separate European bailout package amounts to around $287 billion dollars. Since American taxpayers represent around 20 per cent of IMF funding, they will fork out something in the region of $57 billion dollars which which primarily go straight to French and German banks, not to mention the billions more in transfers of wealth that will occur through the Fed’s credit swap program.

Politicians everywhere applaud this most recent rape of America’s working class, even as communism is now the global ideology,writes Tyler Durden.Who needs TheOnion.com when reality is now 10 times more surreal. And the direct recipients of taxpayer generosity: SocGen, AXA, Dexia, CA and all other French and German banks, which right now are all up ~20%.But it’s not just American taxpayers who have been looted to save the crumbling facade of the Euro single currency. British taxpayers will be forced to underwrite an estimated £10 billion pounds of the bailout as part of the IMF package.And all for what? The two primary reasons for the bailout are to rescue ailing confidence in the globalist Euro single currency, which was forced upon European citizens against their will when it was introduced, and to prop up the casino stock markets. Neither of these justifications provide any benefit for the average citizen or the middle class, and yet we are the ones paying for it with our depreciated savings, our evaporating pension funds and our crumbling infrastructure and public services, which are all being forgotten in pursuit of one massive banker bailout after another.Credibility in the agenda to impose global economic governance run by the Nazi-founded Bank for International Settlements rests in upholding confidence in the Euro. If the Euro collapses and ceases to exist, which many financial experts are now seriously predicting, then the entire raison d’être for centralized economic planning in pursuit of global governance will be completely discredited. The globalists must save the Euro in order to legitimize future plans for a North American Union single currency which will replace the dollar.

When the dollar sank to alarming lows against other global currencies little over two years ago, we saw none of the same concern or hand-wringing on behalf of the elite as we are seeing for the Euro. That’s because the survival of the dollar is not part of their framework of global economic governance. For all the elite cares, the dollar can crash and burn but rescuing the Euro from the same fate is imperative.

Indeed, it appears as if the chaos in Greece is being deliberately provoked and hyped in order to justify the continued re-alignment and centralization of the entire financial system into fewer globalist hands.As The Economic Collapse Blog writes today, Could Greece bring down the entire world economy? Hardly. The truth is that you could remove Greece from the world economy tomorrow and most people would hardly notice. The economy of Greece is only about 2% the size of the United States economy, and it takes in less than 0.1% of U.S. exports. But we are being led to believe that Greece has suddenly become the epicenter of a financial crisis which is going to bring down everything. Could it be that this Greek debt crisis is purposely being hyped and manipulated? Could it be that this Greek debt crisis is yet another example of the problem, reaction, solution paradigm that the global elite have employed so many times before? Right now almost all of the governments in the western world operate debt-based economies that rely on ever-inflating amounts of paper money in order to survive. The elite international bankers of the world have made a killing by creating money out of nothing and loaning it to the nations of the world. The interest on those loans is the primary method by which the wealth of the world is slowly transferred into the hands of the ultra-wealthy. When the interest on the loans starts to become too much for a particular nation, they borrow even more money so that they can stay afloat. It is a debt trap that is designed to continue indefinitely. Even the most powerful nations in the world are caught in this debt trap. In fact, most people are absolutely amazed when they learn that it is mathematically impossible to pay off the national debt of the United States. But the United States is far from alone in that respect. Almost all of the other major nations in the world are in the exact same boat.

It’s horribly ironic that the Euro, global economic governance, and the entire European project was sold under the justification that centralization meant stability, and yet now we are being told that the chaos in Greece is contagious and could spread to Spain, Portugal and Italy unless taxpayers are looted for billions and trillions more.Reality has proven that centralization of economies under the banner of the EU and the Euro causes economic chaos to go viral. When nearly every country on a single continent uses the same currency, they infect one other with the disease. This is then habitually exploited as an excuse with which to rob taxpayers whose living standards are declining as their currency devalues and their pensions wither on the vine.

EU agrees massive support mechanism
ANDREW WILLIS Today MAY 10,10 @ 09:29 CET

EUOBSERVER / BRUSSELS - After months of ever-increasing turmoil, the European Union has decided to set up a massive economic defence mechanism amounting to half a trillion euros to protect weaker eurozone nations from market speculation. EU finance ministers meeting in Brussels spent 12 hours on Sunday night (9 May) coming to an agreement to set up a multi-pronged European Financial Stabilisation mechanism after contagion from Greece's debt crisis threatened to infect countries such as Spain and Portugal. Its total volume will be up to €500 billion, with a further €220 available from the IMF.At the same time, the European Central Bank announced plans to step in and buy government bonds, a process of quantitative easing that mirrors similar earlier actions in the US and UK. We now see herd behaviours in the markets that are really pack behaviours, wolf pack behaviours, Swedish finance minister Anders Borg said Sunday while explaining the need for the new mechanism. If unchecked,they will tear the weaker countries apart.As part of the agreement, the EU's already-existing balance of payments facility,under which the commission can borrow money on capital markets to then lend on to non-eurozone states, has now been replicated for euro area countries as well. The new facility for euro area states has a ceiling of €60 billion. It is to be set up under Article 122 of the EU treaties which foresees financial support for member states in difficulties caused by exceptional circumstances. We are facing such exceptional circumstance today and the mechanism will stay in place as long as needed to safeguard financial stability, the finance ministers said in their final conclusions. The scheme also allows for the provision of up to €440 billion in government-backed loan guarantees and bilateral loans on an intergovernmental basis.

Following German demands, the action will take place under a Special Purpose Vehicle,and will be guaranteed on a pro rata basis by participating member states in a co-ordinated manner and that will expire after three years, respecting their national constitutional requirements, up to a volume of €440 billion.The IMF has agreed to provide at least half as much as the EU contribution, or €220 billion, under the scheme. Non-eurozone countries Sweden and Poland have indicated they wish to take part, while French minister Christine Lagarde warned there was still a risk that national parliaments could vote down the mechanism designed to the defend the euro currency. The marathon talks saw Germany's wheelchair-bound finance minister Wolfgang Schaeuble admitted to hospital after an apparent bad reaction to new medicine, while the country's chancellor, Angela Merkel, was urged by US President Barack Obama in a telephone call to take resolute steps to build confidence in markets.In a further move to reassure investors, Spain and Portugal have indicated they are ready to take "significant additional consolidation measures in 2010 and 2011.These will be presented to an EU finance ministers gathering on 18 May. We shall defend the euro whatever it takes, EU economy commissioner Olli Rehn told journalists after Sunday's meeting. Markets in Asia reacted positively to the news of the huge European effort which also includes action by the European Central Bank.

In a dramatic turnaround from its previous position, the bank said early on Monday morning that it is prepared to buy government bonds and private assets in a bid to ease market tensions. The ECB has previously said it opposed such a measure.
Although the remarkable u-turn is a further sign of Europe's determination to protect its economy, analysts said it also now places a huge question mark over the central bank's independence.

EU risks marginalisation in the next 20 years
HONOR MAHONY Today MAY 10,10 @ 09:29 CET

EUOBSERVER / BRUSSELS - A new report has listed a bleak catalogue of the problems the EU is likely to face over the next 20 years, making it clear that solutions will require courageous leadership, the very quality widely perceived as lacking in the current EU political landscape.The 46-page document, drawn up by a 12-person committee of "Wise Men" chaired by Spanish former prime minister Felipe Gonzalez and published on Saturday (9 May), looks at issues where member states have failed to make progress despite the fact European politicians have known for several years that they need to be tackled.The Project Europe 2030 report notes that the current financial crisis, which has seen national governments scramble to try and contain flagging market confidence in the eurozone, is a wake-up call for Europe to respond to the changing global order.2010 could mark the beginning of a new phase for the EU and the next 50 years could be about Europe's role as an assertive global actor or, alternatively, the union and its member states could slide into marginalisation, becoming an increasingly irrelevant western peninsula of the Asian continent, it warns.Some of its most specific recommendations come in the area of economic governance, where events surrounding the frantic push to rescue debt-ridden Greece are already seeing EU rules in the process of being re-written.Elements of the reports such as the suggestion to set up a financial instrument aimed at combating unexpected crises and asymmetric shocks and reinforcing national budget supervision are already in the making. A myriad of other suggestions - such as making social rights transportable between member states, mutual recognition of professional qualifications, improving tertiary education, farm policy reform, boosting research investment, better managing of migration, dealing with the demographics of ageing - are hoary old EU problems that usually lead to bickering and procrastination by member states, however. Above all, the situation calls for strong political leadership, a form of leadership marked by the capacity to sustain an honest and fruitful dialogue with citizens and to govern in partnership,the report says.

Using soft power

The EU's traditional tendency to try and muddle through is no longer an option in today's fluid, globalised world with the rise of other actors ready to exploit the union's structural weaknesses, it explains. The bargain should take into account the concerns of emerging and existing powers about the existing rules, while insisting on the importance of multilateralism, inclusiveness, equity, sustainable development, collective security, respect for human rights and the rule of law and fair trade practices.But the EU will only be in a position to shape this international understanding if it is economically strong, if it continues to wisely use its soft power, particularly within its own neighbourhood, and if it matches its aspirations towards a common foreign and security policy with concrete deeds.The report calls for both a long-term vision on European defence and a common European strategic concept, with the EU said to have failed to translate its economic weight into political leverage so far: Only by developing such a strategic approach to its external affairs will the EU be able to translate its huge financial effort (the world's largest by far) more effectively into political leverage.

EU citizens

A large chunk of the report is devoted to EU citizens, widely seen as being divorced from Europe's political process. It notes that citizens will have to have a sense of ownership of the European project if it is to succeed with any further ambitions.It suggests moving away from the Brussels' focus on communication policy, often with an overly positive spin, to a more realistic approach.Instead of focusing on a communication policy which sometimes verges on propaganda, it would be preferable to communicate on policies, explaining frankly what is at stake and the different options available.The tendency to communicate the EU narrative either in idealised or thoroughly pessimistic terms should also be avoided. Politicising and engaging EU citizens could be achieved by allowing, under certain conditions, nationals of other member states to vote in national elections, creating European lists for the five-yearly European elections, and having a list of candidates for the position of European Commission president. The choice we face is therefore clear: build on the strengths of the EU and use its collective weight to become an assertive and relevant player in the world, or cultivate fragmentation and contemplate the possibility of absolute decline in a world where the rules are defined by those who matter,the report says.

EU sets up massive euro defense against markets By RAF CASERT and ELENA BECATOROS, Associated Press Writer - MAY 9,10

BRUSSELS – The European Union and the International Monetary Fund pledged a massive nearly $1 trillion defense package for the embattled euro Monday, hoping to finally turn back relentless attacks on the eurozone's weakest members and allow the continent to resume its hesitant economic recovery.Under the three-year aid plan, the EU Commission will make euro60 billion ($75 billion) available while countries from the 16-nation eurozone would promise bilateral backing for euro440 billion ($570 billion). The IMF would contribute an additional sum of at least half of the EU's total contribution, or euro250 billion, Spanish Finance Minister Elena Salgado said.

We shall defend the euro whatever it takes, EU Commissioner Olli Rehn said after an 11 hour-meeting of EU finance ministers. The meeting capped a hectic week of chaotic sparring between panicked European governments and aggressive markets.The massive sums come after a week of political posturing and soothing words by euro zone leaders that had no impact on global investors. In the end, even longtime skeptic Germany realized Europe had to show the money after financial attacks on Greece's debt seemed poised to spread to Portugal and Spain.We are placing considerable sums in the interest of stability in Europe, Salgado said after the meeting.The talks were called on Friday night after a eurozone summit in Brussels amid concerns that the financial crisis sparked by Greece's runaway debt problems had begun to spread to other financially troubled eurozone countries such as Portugal and Spain.We are facing such exceptional circumstances today and the mechanism will stay in place as long as needed to safeguard financial stability, the ministers said in a statement.

Spain and Portugal, which have begun to see the same signs of trouble that Greece had three months ago, have committed to take significant additional consolidation measures in 2010 and 2011, the statement said, and the two countries will present them to the EU's finance ministers at their meeting on May 18.The EU's slow response to the crisis and its failure to keep Greece from reaching the brink of bankruptcy triggered slides in the euro and global stocks last week, and intensified fears the crisis would spread.Ministers had hoped to have something approved by the time stock markets opened Monday in Asia, but they missed their deadline by a couple of hours.

We need to make progress today because in the night, when the markets are opening, we cannot afford disappointments, Swedish Finance Minister Anders Borg said as he headed into the meeting Sunday afternoon.We now see herd behaviors in the markets that are really pack behaviors, wolf pack behaviors, he said. If unchecked, they will tear the weaker countries apart. So it is very important that we now make progress.Some eurozone nations blamed the fragile governments and a lack of European cooperation for the crisis.I'm against putting all the blame on speculation, said Austrian Finance Minister Josef Proell. Speculation is only successful against countries that have mismanaged their finances for years.Compounding the Greek financial crisis, attention has centered on fragile finances of countries like Spain and Portugal, which in turn could drag the whole of the euro zone down. Fear of default led to investors demanding high interest rates that Greece could not pay, forcing it to seek a bailout; the risk is that market skepticism will make Portugal and Spain pay more and more to borrow, worsening their plight.Early Saturday, the eurozone leaders gave final approval for an euro80 billion ($100 billion) rescue package of loans to Greece for the next three years to keep it from imploding. The International Monetary Fund also approved its part of the rescue package — euro30 billion ($40 billion) worth of loans — in Washington Sunday.

Financial markets have continued to sell off the euro and Greek bonds even as EU leaders have insisted for days that the Greek financial implosion is a unique combination of bad management, free spending and statistical cheating that doesn't apply to other euro-zone nations.Many economists think Greece will eventually default anyway, which could deal a sharp blow to the euro and lead to sharply higher borrowing costs for other indebted countries in Europe. Default, or market contagion to other countries could lead to panic, intimidating consumers from spending and making banks fearful to lend money to businesses and consumers.AP Business Writer Emma Vandore in Brussels, and Associated Press writers Elaine Ganley in Paris and Daniel Wagner in Washington contributed to this report.

Federal Reserve opens credit line to Europe By JEANNINE AVERSA, AP Economics Writer – 11:40PM MAY 9,10

WASHINGTON – The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort.The move comes after the European Union and International Monetary Fund pledged a nearly $1 trillion defense package for the embattled euro, hoping to calm jittery markets and halt attacks on the eurozone's weakest members. The ECB also jumped into the bond market Sunday night, saying it is ready to buy eurozone bonds to shore up liquidity in dysfunctional markets.The Fed's action reopens a program put in place during the 2008 global financial crisis under which dollars are shipped overseas through the foreign central banks. In turn, these central banks can lend the dollars out to banks in their home countries that are in need of dollar funding to prevent the European crisis from spreading further.

The Fed said action is being taken in response to the reemergence of strains in U.S. dollar short-term funding markets in Europe, and to prevent the spread of that strain to other markets and financial centers.A so-called swap line with the Bank of Canada provides up to $30 billion. Figures weren't provided for the other central banks. The arrangements are authorized through January 2011.The debt crisis first erupted in Greece. Fears that it could spread to Spain, Portugal and other eurozone countries. The crisis has pushed up demand for the U.S. dollar and has sharply weakened the value of the euro, the currency used by 16 European countries. Eurozone ministers and the IMF this weekend approved a $140 billion rescue package of loans to Greece for the next three years to keep it from imploding.The Fed had wound down these crisis-era programs with other central banks in February, along with other emergency programs to get lending flowing more freely again and return stability to financial markets. At that time, financial strains in the United States were easing, and the Fed began to take steps to move policy closer to normal.It also had begun to lay out a plan to reel in the unprecedented stimulus money pumped out during the crisis. The Fed's balance sheet ballooned to $2.3 trillion, more than double where it stood before the crisis struck. The program reopened on Sunday will expand the Fed's balance sheet, economists say. However, the program poses little credit risk to the Fed because the arrangements are with other central banks, they added.

Europe unveils 750-billion-euro crisis fund
by Roddy Thomson Roddy Thomson – MAY 9,10

BRUSSELS (AFP) – Crisis-hit Europe on Monday announced a monster rescue package running to 750 billion euros between euro countries and the IMF, sending the euro surging in Asian trade.Leaders hope an unprecedented international intervention, worth just shy of one trillion dollars, will represent a game-changing European financial war chest, which will also be backed by European Central Bank action to nudge debt and currency markets.European Union finance ministers agreed, after marathon talks lasting more than 11 hours, that 440 billion euros would come from the troubled eurozone plus another 60 billion euros from the European Commission coffers.That would be backed by at least half as much again from the International Monetary Fund, Spanish finance minister Elena Salgado said, or another 250 billion euros.The vast rescue package "proves that we shall defend the euro whatever it takes, said the EU's commissioner for economic and monetary affairs, Olli Rehn of what ultimately involved a pan-European cry for help to the IMF.The battered euro currency immediately surged to 1.2907 dollars in Asian trade, having hit a 14-month low of 1.2523 dollars last week on fears that marbled European debts could hit the world's financial system in the same way the collapse of Lehman Brothers did two years ago.

Tokyo stocks also rose when trading opened just as the deal was being sealed in Brussels, with the European Central Bank subsequently saying it would conduct interventions in the euro area public and private debt securities markets.It said these were justified by exceptional circumstances,and further announced that central banks in Britain, Canada, Switzerland and the United States will intervene to ensure that dollar shortages do not occur in European markets.In response to the re-emergence of strains in US dollar short-term funding markets in Europe, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank are announcing the re-establishment of temporary US dollar liquidity swap facilities,the ECB said.These moves taken together could represent action that traders and analysts refer to as a nuclear option, agreeing to buy euro countries' bonds or accepting toxic eurozone government debt as collateral.The breakthrough followed urgent telephone calls during Sunday between US President Barack Obama, German Chancellor Angela Merkel and French President Nicolas Sarkozy.

The G7 group swiftly hailed the eurozone actions to secure financial stability.The figures only emerged after Merkel lost her coalition's majority in the upper German house, as angry voters punished Berlin for its U-turn in agreeing a 110-billion-euro international bailout for Greece -- already dubbed the fattest cheque in history by the tabloid Bild. Desperate to prevent a haemmorhaghing of confidence on markets with debts and deficits already engulfing Portugal, Spain and Italy, Berlin bit the bullet on a mixture of bilateral loans, loan guarantees and credit lines.These will be made available only to threatened members of the 16-nation eurozone only.The aid model is practically identical in proportional terms to the system put in place for Greece, which won loan commitments over three years in exchange for radical cuts and other economic reforms.The Greek rescue was only ratified by the IMF earlier on Sunday.The key is that something strong is thrown down as a gauntlet to speculators, said French Finance Minister Christine Lagarde. Ministers had been tasked with heading off predatory threats to government finances, commercial banks and wider economic recovery, what Austria's Josef Proll labelled the biggest challenge since the euro's creation.Early drama saw Germany's wheelchair-bound Wolfgang Schaeuble hospitalised after suffering an allergic reaction to new medication, and kept in overnight for observation.

The talks were also marked by dispute as Britain's Labour government refused to provide direct guarantees for the euro, amid power-sharing talks at home that were likely to deliver a new Conservative-led government within days. Essentially, Europe wants to leverage vast borrowings the way governments did with their banks during the global financial crisis -- keeping interest rates down.An existing 50-billion-euro crisis facility at the EU's disposal was available only to non-euro members, and has broadly been used up to help Romania, Hungary, Latvia.

Asian markets climb as EU moves to defend euro
MAY 9,10

TOKYO – Asian stock markets climbed Monday as the European Union agreed on a nearly $1 trillion defense package for the embattled euro, hoping to contain global fallout from Greece's debt problems and protect its common currency.Japan's Nikkei 225 stock average rose 1.3 percent to 10,499.25, and Hong Kong's Hang Seng index jumped 1.4 percent to 20,195.04. Other major benchmarks in the region advanced as relieved investors began buying after big declines last week.The euro traded at $1.2920, up from the 14-month low of $1.2523 it hit late last week while stock futures suggested Wall Street would welcome the euro defense plan. Dow futures climbed 215 points, or 2.1 percent, to 10,550 and S&P futures jumped 28.4, or 2.6 percent, to 1,135.40. Nasdaq futures added 47.5, or 2.6 percent, to 1,896.Under the three-year plan, the EU Commission will make euro60 billion ($75 billion) available while countries from the 16-nation eurozone would promise bilateral backing for euro440 billion ($570 billion). The IMF would contribute an additional sum of at least half of the EU's total contribution, or euro250 billion, Spanish Finance Minister Elena Salgado said.

The Federal Reserve followed by opening a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank and the Swiss National Bank, are also involved in the effort. The Bank of Japan is also considering a similar program.Early Saturday, the eurozone leaders gave final approval for an euro80 billion ($100 billion) rescue package of loans to Greece for the next three years to keep it from imploding. The International Monetary Fund also approved its part of the rescue package — euro30 billion ($40 billion) worth of loans — in Washington Sunday.Together, the IMF and EU bailouts give Greece enough money to avoid having to raise private funds for two years, IMF officials said.In New York on Friday, the Dow Jones industrials closed down 1.3 percent, at 10,380.43.
The dollar fell to 91.95 yen from 92.37 yen late Friday.

DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.

JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.

EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.

REVELATION 13:16-18
16 And he(FALSE POPE) causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(CHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM

WORLD MARKET RESULTS
http://money.cnn.com/data/world_markets/
CNBC VIDEOS
http://www.cnbc.com/id/15839263/site/14081545/?tabid=15839796&tabheader=false

HALF HOUR DOW RESULTS MON MAY 10,2010

09:30 AM +1.67
10:00 AM +395.11
10:30 AM +355.96
11:00 AM +354.98
11:30 AM +413.32
12:00 PM +429.35
12:30 PM +402.52
01:00 PM +393.52
01:30 PM +361.71
02:00 PM +337.14
02:30 PM +346.97
03:00 PM +360.72
03:30 PM +338.05
04:00 PM +404.71 10,785.14

S&P 500 1159.73 +48.85

NASDAQ 2374.67 +109.03

GOLD 1,204.00 -6.40

OIL 77.28 +2.16

TSE 300 11,947.90 +255.50

CDNX 1590.76 +41.41

S&P/TSX/60 702.40 +14.12

MORNING,NEWS,STATS

YEAR TO DATE PERFORMANCE
Dow +333 points at 4 minutes of trading today.
Dow +1 points at low today.
Dow +454 points at high today so far.
GOLD opens at $1,198.90.OIL opens at $77.82 today.

10:30 AM STATS
NYSE ADV 2,980,DEC 100,UNCH 27 30-1 ADVANCES.
NASDAQ ADV 2,394,DE 221,UNCH 76 10-1 ADVANCES.
THEIR BUILDING THE MARKETS TO BREAK EVERYONE AGAIN,BE PREPARED NOT DECIEVED.

AFTERNOON,NEWS,STATS
Dow +1 points at low today so far.
Dow +454 points at high today so far.

WRAPUP,NEWS,STATS
Dow +1 points at low today.
Dow +454 points at high today.

MARIA BARTIROMO-THIS IS FIXED
http://www.youtube.com/watch?v=hX0rC6XHYBk&feature=player_embedded

Bilderberg Manipulated Stock Market Crash NoWorldSystem
May 9, 2010

Many theories have sprung up in regards to what exactly happened on Thursday that would cause a 1,000 point drop in the DOW. Some say that it was a computer or human error that caused the trillion-dollar collapse, but few have theorized the possibility of an engineered collapse that would purposefully create more instability in the United States. Here’s CNBC’s Maria Bartiromo calling the crash in the DOW a manipulated event.That is ridiculous, Bartiromo replied. I mean this really sounds like market manipulation to me. This is outrageous.

Evidence that the financial oligarchs manufactured this market crash has been discovered from a 2009 Bilderberg pre-meeting booklet that was obtained by reporter Daniel Estulin. It warns that the Bilderberg is fostering a false sense of recovery of the economy, suckering investors to plunge back into the stock market to only unleash another massive downturn which will create massive losses and searing financial pain in the months ahead,does this not sound like what occurred on Thursday? The DOW crash seems to be an engineered event that created a loss of confidence in the current system, using it as a spring-board to promote the globalist economic system run by the World Bank and the IMF. This was a very painful event, the U.S. economy will soon resemble what is currently happening in Greece where we are debt slaves to the IMF, which is the financial arm of the United Nation’s world government.The economy-killing VAT tax has literally destroyed European nations like Greece, the U.S. now faces a similar fate. Barack Obama is in full support of huge tax increases and adopting the VAT tax. The regime is also in full support of carbon or some type of energy tax and insurance taxes. If the United States adopts the VAT there is no doubt the country will end up like Europe. President Obama is also considering cutting entitlement programs such as Social Security and Medicare to sustain the economy.On top of this, globalist oligarchs already created global taxes called a ‘bank tax’ where every financial institution pays a fee directly to the IMF. Small business will be non-existent in this country and business in general will have to pay taxes like the VAT, carbon and insurance tax, all of which of course will be paid by the average American. There is also a financial transactions tax, you will be forced to pay a monthly tax to simply own a checking account, paying bills, cashing checks, paying employees and the list goes on and on and on.Are we beginning to see the big picture? Just as Greece, the United States will crumble into the hands of world government, drowning in debt and forced to be bailed out by the IMF, in which the U.S. will resemble a 3rd world nation, forever enslaved by a world government dictatorship. The Bilderberg Group will be meeting in Sitges Spain on June 3-6 to further discuss the these devious plans.

Peter Mandelson & Ed Balls confronted on Bilderberg
http://www.youtube.com/watch?v=mGSKBpgb5Kk&feature=player_embedded

Obama Bemoans Alternative Media, Rise of Tea Party
Kurt Nimmo Infowars.com May 9, 2010
http://www.infowars.com/obama-bemoans-alternative-media-rise-of-tea-party/

During a speech at Hampton University in Virginia, Obama griped about blogs and talk radio. The anointed one said some of the craziest claims can quickly claim traction on the internet. All of this is not only putting new pressures on you, it is putting new pressures on our country and on our democracy.

Obama made his comments during a speech at Hampton University in Virginia.

Crazy claims? Like UFOs and Big Foot? No, crazy claims like the fact a cartel of international bankers control the banking system, the corporate media (where real distractions such as perverted football players predominate), and the educational institution where Obama delivered his speech.With iPods and iPads and Xboxes and PlayStations — none of which I know how to work — information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment, rather than the means of emancipation,Obama said.Obama said the alternative media does not have the best interests of the people at heart.What Jefferson recognized… that in the long run, their improbable experiment — called America — wouldn’t work if its citizens were uninformed, if its citizens were apathetic, if its citizens checked out, and left democracy to those who didn’t have the best interests of all the people at heart.Thomas Jefferson was opposed to democracy. A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine,he said.Obama understands America was established as a constitutional republic (he is after all supposedly a constitutional scholar). Democracy as defined by our rulers and the corporate media is preferred because it tricks citizens into voting for their own slavery and impoverishment. Obama urged students in Virginia to ignore the truth-seekers and embrace the corporate Borg collective.

Obama tells students globalism cannot be stopped.
http://www.youtube.com/watch?v=_nPr3eTrpls&feature=player_embedded

Mob rule could only work if each of us stayed informed and engaged, if we held our government accountable, if we fulfilled the obligations of citizenship,Obama declared.In other words, each of us must believe the lies and fairy tales spun by the government propaganda media masquerading as a free press and become engaged in a political process that invariably produces the same result every four years, as insider Carroll Quigely noted. Government is not accountable to the people. It is accountable to bankers and corporatists (who Mussolini defined as fascists).You’re coming of age in a 24/7 media environment that bombards us with all kinds of content and exposes us to all kinds of arguments, some of which don’t always rank all that high on the truth meter,Obama said.Only the government version of the truth meter is worthy of consideration, according to Obama and his speech writers.Obama also said resistance to globalism is futile. We can’t stop these changes… but we can adapt to them,Obama said, adding that US workers were in a battle with well-educated foreign workers,according to AFP.If Obama was sincerely interested in telling the truth, he would have pointed out that these well-educated foreign workers (many educated in the United States) are essentially slave labor drones living under authoritarian regimes established and encouraged by the global elite. Bankster David Rockefeller, after all, praised the butcher Mao Tse-tung who slaughtered over 40 million people. Rockefeller idealized the national harmony(slaves obeying dictators) of China and said Mao’s murder campaign was worth it.

For the elite, this battle between U.S. workers and Chinese slaves comes down to one thing — college graduates and workers will have to accept diminished expectations and lower standards of living in the Brave New World now unfolding. Fed mob boss Bernanke admitted as much the other day when he said money does not ensure happiness. He meant to say Americans will have to adapt to life with less money and dismal standards of living as the bankers consolidate their wealth and steal everything that is not nailed down.

In April, Obama felt compelled to attack the Tea Party head on.
http://www.youtube.com/watch?v=-uWkD5d4HeY&feature=player_embedded

Obama’s speech today reeked of desperation. The pressure he eluded to is the pressure of political reality as defined by the patriot and Tea Party movements. Obama and his handlers know that come November the Tea Party movement will displace a large number of One Party political hacks and grocery clerks. The process of taking the government back from the elite and their hand-picked political class opportunists and careerists has begun. It will not be rolled back by speeches delivered by the teleprompter reader Obama.We live in dangerous times. The globalists will not settle for admonitory speeches delivered to captive college graduates (who will soon discover reality first-hand as they attempt to find careers), but will use more draconian methods to secure their hold on power.It is not yet clear what these draconian methods will be but we will almost certainly find out before November.