MATADOR NINETY-FOUR

The BLS reports that the unemployment rate dropped from 9.7% in May to just 9.5% in June. The recovery is well under way if you’re simply looking at headlines. The fine print, however, tells a different story.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Unemployment: Worse Than it Looks
2. The Great Depression of the 21st Century: Collapse of the Real Economy
3. Stunning Rate Of (Personality) Disorders Found In American Young Adults

MATADOR NINETY-FOUR

The White House gets its way again. They get their way on two measures that would have given the people at least a little control of the “too big too fail” banking system. But how they got it, well that might just be the REAL story of the day. “I mean this really sounds like market manipulation to me. This is outrageous.”

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Why Another Stock Market Collapse Could Be Imminent
2. Oil prices: George Soros warns that speculators could trigger stock market crash
3. Hedge Funds’ Derivatives Exposure and Margin Calls Driving Stock Market Crash

MATADOR NINETY-FOUR

German Chancellor Angela Merkel on Thursday slammed "treacherous" practices by banks during the Greek crisis and said governments must crack down on speculators hunting profits in the turmoil. Merkel, whose Christian Democrats face a tough re-election battle in Germany's most populous state Sunday, railed against gamblers on the financial markets who she said were exacerbating an already volatile situation.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. US banks facing $1.4tn crisis over commercial property loans
2. Commercial Banks Heading for Huge Derivatives Losses- Credit Crisis Turning into Credit Armageddon
3. Wall St. Helped to Mask Debt Fueling Europe’s Crisis

MATADOR NINETY-FOUR

European Central Bank chief Jean-Claude Trichet’s announcement that the Bank for International Settlements is to become the primary engine for global governance is a shocking admission given the fact that this ultra-secretive menagerie of international bankers was once controlled by top Nazis who, in collusion with global central banks, funneled money through the institution which directly financed Hitler’s war machine

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. World Bank President Admits Agenda For Global Government
2. Waco Siege “Enforcer”, Ronald Noble, To Rule Over Global Police Force
3. UN Calls For Bank Of The World, New Global Currency

MATADOR NINETY-FOUR

In the wake of the financial crisis that erupted in 2008, leading capitalist nations and blocs of nations are employing increasingly aggressive forms of protectionism to advance their interests.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. ‘A Monetary Stalingrad” is on its way to Europe
2. US trade deficit jumps to 60.9 billion dollars
3. Europe to U.S.: You messed up the rescue, too

MATADOR NINETY-FOUR

Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. US banks facing $1.4tn crisis over commercial property loans
2. Commercial Banks Heading for Huge Derivatives Losses- Credit Crisis Turning into Credit Armageddon
3. The worst may not be over on Wall Street

MATADOR NINETY-FOUR

America's fragile high street banks are bracing themselves for a fresh financial crunch as a wave of commercial property mortgages go sour on offices, shops and factories, causing losses of up to $300bn (£192bn) hitting nearly 3,000 small- and medium-sized financial institutions.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Commercial Banks Heading for Huge Derivatives Losses- Credit Crisis Turning into Credit Armageddon
2. Merkel blasts ‘treacherous’ banks in Greek crisis
3. Wall St. Helped to Mask Debt Fueling Europe’s Crisis

MATADOR NINETY-FOUR

The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Wall St. Helped to Mask Debt Fueling Europe’s Crisis
2. Secret summit of top bankers in Sydney Australia
3. Britain Faces New Debt Crisis As Big Investor Pimco Pulls Out

MATADOR NINETY-FOUR

Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports. Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Wall St. Helped to Mask Debt Fueling Europe’s Crisis
2. Fears of ‘Lehman-style’ tsunami as crisis hits Spain and Portugal
3. It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

MATADOR NINETY-FOUR

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Britain Faces New Debt Crisis As Big Investor Pimco Pulls Out
2. The World has 54,31 trillion dollar of external debt
3. Wall St. Helped to Mask Debt Fueling Europe’s Crisis

MATADOR NINETY-FOUR

US-based investment group Pimco, one of the world’s leading bond houses, said it will sell its UK government gilts this year. It will be a hammer blow to the Treasury’s attempt to raise up to £200billion of government borrowing amid the deficit crisis.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Unless we are decisive Britain faces bankruptcy
2. It Is Now Mathematically Impossible To Pay Off The U.S. National Debt
3. Wall St. Helped to Mask Debt Fueling Europe’s Crisis

MATADOR NINETY-FOUR

The banks are preparing to do with carbon what they’ve done before: design and market derivatives contracts that will help client companies hedge their price risk over the long term. They’re also ready to sell carbon-related financial products to outside investors. [Blythe] Masters says banks must be allowed to lead the way if a mandatory carbon-trading system is going to help save the planet at the lowest possible cost. And derivatives related to carbon must be part of the mix, she says. Derivatives are securities whose value is derived from the value of an underlying commodity -- in this case, CO2 and other greenhouse gases...

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Commercial Banks Heading for Huge Derivatives Losses- Credit Crisis Turning into Credit Armageddon
2. $1 Quadrillion of Unregulated Debt At Core of Coming Derivatives Crisis
3. Thursday is “D-Day” . . . . . as in Derivatives

MATADOR NINETY-FOUR

After years of gross mismanagement by the city’s leaders and the big three car manufacturers of General Motors, Ford and Chrysler, who continued to make vehicles that Americans no longer wanted to buy, Detroit today has an unemployment rate of 28 per cent, higher even than the worst years of the Great Depression.

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Wachovia, National City tumble on bailout, WaMu
2. Tensions Mount Again at al-Aqsa in Old City of Jerusalem
3. Iowa river has swamped 400 city blocks. Flooded US Midwest braces for more rain

MATADOR NINETY-FOUR

Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar. Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. Venezuela Proposes New Regional Currency During ALBA Summit
2. Latin America: the attack on democracy
3. The Food Crisis and Latin America

MATADOR NINETY-FOUR

Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings. Russia and Iran Officially Talking of Dumping Dollar for International Trade

MATADOR NINETY-FOUR - What happens in the World today? News, backgrounds and opinions too hot to handle for the mainstream media

1. PM Putin suggests Russia, China ditch dollar in trade deals
2. Iran To Drop US Dollar From Forex Reserves
3. Russia Dumps Dollar as Reserve Currency – Adopts Euro