Mr Light.....it is the end of growth. New environmentally friendly industries will arise from the ashes of the Industrial Revolution. A sustainable economy will emerge where food security plays a major role.

Fiat money and greed was never going to survive for too long. Even with the painful transition, I will be glad to see the new economy take shape. The next generations will be busy working out how we got so close to total destruction.

http://jhaines6.wordpress.com/2012/05/28/ben-fulford-insiders-predict-a-5-day-ba...

Ben Fulford: Insiders predict a 5-day bank holiday in Europe before Euro ends, Renminbi may replace US dollar in September, May 2,8, 2012
Posted on May 28, 2012
The final showdown in the ongoing financial war is appearing imminent. The 140 nation BRICS alliance is preparing to offer to buy up all cash US dollars and replace them with a new currency backed by a basket of commodities, including precious metals, according to multiple sources. After that move, any money printed by the US Federal Reserve Board crime syndicate would not be accepted as currency by the 140 nation group. This would force an end game for the criminal cabal that illegally seized power in the United States.
Before that move, though, there will be a 5-day bank holiday in Europe followed by the end of the Euro and the re-introduction of old national currencies like the Deutschemark and the Drachma, Rothschild family sources say.

The situation, however, remains highly volatile and there are signs of dangerous end-game maneuvers by the cabal.

In Japan, the attempt by the cabal controlled media to create panic over the nuclear terrorism at Fukushima, is being accompanied by renewed threats of nuclear terror. The deep sea drilling ship Chikyu Maru has been spotted off the shore of the Rokkasho Mura nuclear complex in Aomori Prefecture Japan, according to Japanese military intelligence. The ship is crewed by Americans and brainwashed Japanese slaves.

Rokkasho Mura is the location of a giant plutonium processing complex that has already produced enough plutonium to manufacture 5000 nuclear weapons. Sending the Chikyu Maru to drill tactical nuclear warheads into the seabed off the shore of Rokkasho Mura is a cabal attempt to blackmail the planet with a nuclear holocaust.

Shoichiro Kobayashi, adviser to Kansai Electric Power, and Yoshiyasu Sato, adviser to Tokyo Electric Power and both members of the Rothschild crime syndicate’s Trilateral commission will be taken in for vigorous questioning about their knowledge of this renewed terror threat. They are expected to sing like canaries and point their fingers directly at the Rockefeller gangsters behind these latest terror threats.

Message to the Rockefeller family: Remove David, David Junior, Nicholas and J. from all responsibility and hand over control of the Rockefeller syndicate to the female members of that family. If you do not, every single descendant of John Rockefeller will be hunted down and eliminated from all levels of existence forever.

While we are at it, we would also like to kindly request that the Du Pont family remove all carcinogens and infertility causing chemicals from their product lines in Japan and elsewhere.

Sources in the Japanese underworld are also now reporting that the Inagawa Kai and Yamaguchi Gumi yakuza gangs are split between those who are still working for the committee of 300 and those who want to restore Japanese independence. The talk is that top committee of 300 traitor slaves Yasuhiro Nakasone and Junichiro Koizumi are headed for punishment from heaven.

Question for Nakasone: “What was in all those blue boxes your people loaded into a submarine and sent to your North Korean homeland?” Was it documentary evidence of your crimes or were you sending Japanese plutonium to North Korea?

The other people on the crime list in Japan are Hisashi Owada from the International Court of Justice and Eiji Katsu from the Ministry of Finance. Owada’s daughter, Princess Masako, recently tried to poison the Japanese Emperor, according to families inside the Royal Household Agency.

The Emperor recently returned from England where he discussed the White Dragon Society, among other subjects, with the Queen. A representative of the emperor asked for a meeting with a representative of the White Dragon Society on May 26th, but the between was abruptly postponed by the Emperor’s side. We do not know why.

We trust the Emperor and the Queen agreed to purge the Satanists from the committee of 300 and support a massive campaign to end poverty and stop environmental destruction. Hand written letters will be delivered to both parties requesting support for such a campaign and requesting their voluntary appearance before a truth and reconciliation committee.

Returning to the situation in Europe, we notice most of the reporting about the “financial crisis,” there leaves out the elephant in the living room, i.e. the 140 nation BRICS alliance.

The link to the following map explains the real reason for the crisis:

http://en.wikipedia.org/wiki/File:Cumulative_Current_Account_Balance.png
Basically, Europe has maxed out its credit card with the rest of the world. The region as a whole needs to negotiate a restructuring of its debt to the rest of the world. The rest of the world is asking for an end to ceaseless warmongering in return. The only European country other than Germany that has enough money to solve the crisis without reference of the rest of the world is Russia. Give Putin a call.

Canadian Finance Minister Jim Flaherty, the longest serving Finance Minister in the G8 and a direct participant in the financial negotiations of the past few years, explains the situation very clearly in this op-ed:

http://www.fin.gc.ca/n12/12-054-eng.asp
Basically, he is saying the Europeans need to take their medicine just like all other countries that went to the IMF for money in the past had to.

The firing of the head of the Vatican bank last week and the turmoil in the Vatican are more signs of the end of an era in Europe.

The situation in the US is also coming to a head. A very senior US agency source asked that the following information be spread far and wide:

President Obama’s social security number 042-68-4425 belonged to a John Paul Ludwig born in 1890. Obama’s grandmother, Madelyn Payne Dunham, worked in a probate office in Hawaii where she had access to social security numbers of deceased individuals. Because Ludwig never received Social Security Benefits, there were no benefits to stop, therefore no questions were ever raised.

Dunham, knowing her grandson was not a US citizen, because he was born in Kenya and became a citizen of Indonesia upon his adoption, she scoured the probate records until she found someone who died who was not getting benefits and selected Mr. Ludwig’s for Obama, the agency official explained.

Detailed, indictable criminal evidence against Henry Kissinger was also provided by sources in Indonesia. Basically, Kissinger was involved in the murder of 14,000 Indonesians in Papua New Guinea to facilitate gold mining by Freeport, a company Kissinger advises. Kissinger gets $500,000 a year from them as a board member and gets another $500,000 in consulting fees.

In any case once the corporate government of the US is put out of business, the Renminbi will become the currency of the world. The date given by two insiders for this event is September 16th. We again remind readers that many dates have come and gone without predictions turning true so please remain skeptical and only believe 100% when you actually see it happen.

However, it is true that China has been systematically buying up all natural products like trees, copper, farmland or anything tangible to back a reality based currency.

yes i do not take drugs or drink

you may be confused maybe footy is on,

i just post relevant articles contributing to

the stockmarket crash..

are you angry or happy?

namaste

-:)

http://www.infowars.com/japan-and-china-to-start-direct-currency-trading-on-frid...



Japan and China to start direct currency trading on Friday

japantoday.com
May 29, 2012
Japan and China will start direct currency trading this week, Tokyo said Tuesday, the first time Beijing has let a major unit other than the dollar swap with the yuan.
The move, which will scrap the greenback as an intermediary unit, comes as China introduces measures as part of a long-term goal of internationalizing its currency to rival the dollar.
The two-way trade will also be allowed to move in a wider range than the narrow band at which the dollar and yuan change hands, Dow Jones Newswires and the Nikkei business daily reported.

http://www.japantoday.com/category/business/view/japan-and-china-to-start-direct...

Japan and China to start direct currency trading on Friday

TOKYO —
Japan and China will start direct currency trading this week, Tokyo said Tuesday, the first time Beijing has let a major unit other than the dollar swap with the yuan.

The move, which will scrap the greenback as an intermediary unit, comes as China introduces measures as part of a long-term goal of internationalizing its currency to rival the dollar.

The two-way trade will also be allowed to move in a wider range than the narrow band at which the dollar and yuan change hands, Dow Jones Newswires and the Nikkei business daily reported.

China will set a daily rate based on dealer quotes with trade allowed to move within a 3% band above or below that rate, the reports said, compared with a 1% band fixed to yuan-dollar trading.

The Chinese central bank earlier Tuesday introduced a rate of 7.9480 yuan for every 100 yen, Dow Jones said.

However, there will be no fixed rates in Tokyo trade with the currencies trading freely, according to the same media reports which provided no further details.

The yen does trade freely against other major currencies on global foreign-exchange markets, including the greenback, with the dollar buying 79.50 yen in Asian afternoon trade on Tuesday.

“From June 1, the yen-yuan exchange rate will be constantly indicated in both markets, facilitating full-fledged direct exchange trading,” Finance Minister Jun Azumi told a regular press briefing.

By not using the dollar as an intermediate currency “we can lower transaction costs and reduce settlement risks at financial institutions as well as making both nations’ currencies more useful”, he added.

The announcement comes as China introduces measures as part of a long-term goal of internationalizing the yuan to rival the dollar as the world’s benchmark currency.

Beijing’s tightly managed currency policy has triggered huge trade deficits in the United States, which accuses China of artificially undervaluing the yuan to boost exports, and has been a long-running source of friction between the world’s two largest economies.

On Tuesday, Beijing described yuan-yen trade as an “important step” in “strengthening cooperation between China and Japan in developing financial markets and mutually promoting direct trading between the two currencies based on market principle.”

China overtook Japan to become the world’s second-largest economy in 2010, and the neighbors are forging closer business ties despite frequent diplomatic spats over territorial claims and lingering historical animosities.

China is Japan’s largest trading partner, but about 60% of their mutual trade is denominated in U.S. dollars.

In March, Japan said it had won approval from Beijing to buy Chinese government bonds for the first time—Beijing does not allow investors to freely purchase its debt, requiring official approval instead.

Tokyo said it got the green light to buy Chinese government bond issues worth about 65 billion yuan ($10.25 billion), a relatively small amount that was seen as largely symbolic.

The economic powerhouses have also agreed to promote the use of their currencies in bilateral transactions—such as yuan-denominated foreign direct investment by Japanese companies in China—to reduce foreign exchange risks.

The yen, meanwhile, hit historic highs against the dollar last year, denting exporters whose products become less competitive overseas when the currency strengthens.

Japanese finance officials have vowed to step into foreign-exchange markets again to tame the value of the unit, which is increasingly seen as a safe-haven currency as the euro takes a hit owing to worries about the debt-hit eurozone.

© 2012 AFP

http://www.infowars.com/another-20-percent-how-low-will-facebook-go/

Another 20 percent: How Low Will Facebook Go?



Inyoung Hwang and Brian Womack
Washington Post
June 1, 2012
The slide in Facebook Inc. stock that has cost investors $25 billion may not end until the shares drop another 20 percent, leaving the company’s valuation on par with competitors that also do business over the Internet.
Facebook, with a market capitalization of $79.1 billion, is trading at 29.5 times the company’s projected 2014 profit of $2.69 billion, data compiled by Bloomberg show. The stock would have to dive to $23.07 to match the average price-to-earnings ratio for the Nasdaq Internet Index based on estimated earnings in the next 12 months, according to the data.
Investors have pummeled shares of Facebook since its initial public offering, citing concern over growth prospects for the largest social-networking service. Shareholders filed lawsuits that said the company and its underwriters overpriced Facebook at $38 a share. The IPO gave Facebook a higher multiple than 99 percent of the Standard Poor’s 500 Index.
“It could fall quite significantly because it was priced at a significant premium,” Sameet Sinha, an analyst at B. Riley & Co., said in a telephone interview yesterday. “Such stocks — when they go out of favor — tend to fall before stabilizing.”
Read full report here

http://www.washingtonpost.com/business/could-facebook-stock-slide-another-20-per...

http://www.news.com.au/business/markets/market-braces-for-wipeout-with-rate-cut-...

Market braces for wipeout with rate cut likely



Wall Street trader Peter Tuchman is stunned on the floor of the New York Stock Exchange at the close of trading, on Friday. Picture: Richard Drew

AFTER a horror May when it lost $100 billion in value, the Australian sharemarket's pain is expected to continue when it opens tomorrow.
The weakest US jobs figures in a year released on Friday (8.2 per cent unemployment) have triggered heavy falls on both north American and European markets.
Today on the ASX 24, the June share price index futures contract was pointing to a 58-point, or 1.4 per cent, fall to 4012 points. That would take the ASX to seven-month lows.
But not as damaging as the sell-off in the US on Friday, where the Dow Jones Industrial Average dropped 2.2 per cent, the broader S&P 500 index shed 2.5 per cent and the tech-laden Nasdaq gave up 2.8 per cent.
In Europe, the German and French markets plunged by more than two and three per cent respectively, while London's FTSE 100 retreated by more than one per cent.
The May falls on the ASX and the latest global carnage will increase pressure on the Reserve Bank of Australia to cut interest rates to stimulate spending when it meets on Tuesday.
Commsec economist Craig James said he favoured waiting until August for another cut following June inflation data, but he thought a 25 basis point cut at least was likely.
Rates were cut by half a per cent to 3.25 per cent last month, but consumer confidence data so far showed that had not worked, Mr James told AAP.
"We haven't had too much of a response to the interest rates cut, the bad news in Europe basically serving to offset any stimulus being applied here in Australia," he said.
AMP chief economist Shane Oliver was more pessimistic, saying a 50 basis point cut was needed with China's economy slowing more than expected and Australian home sales poor with the cash rate to hit 2.75 per cent by year's end.
However, economists and investors are divided on what will happen.
Mr James said he expected those doubts to lead to caution on the markets in the early part of the week, with important data to be released on Monday on business indicators, inflation and job advertisements.
"High dividend paying stocks will be most in favour on Monday, people will be on the search for yields if interest rates come down," he said, with the banks, Telstra and utilities set to benefit.
There was cause for some optimism for Australian miners at least, with the gold price in the US up by 3.7 per cent to $US1622.10 per fine ounce and falls in base metal prices not dire at 1.2 per cent, Mr James said.
Stocks in dual-listed Australian mining majors BHP Billiton and Rio Tinto were not punished in London, with Rio only down by about .0.3 per cent and the latter flat.
"We need to be much more focused on what's happening in China and Asia generally, the Chinese authorities are well placed to stimulate growth and we're going to be the key beneficiaries here in Australia," Mr James said.
The Australian dollar was trading at near eight-month lows of 96.87 US cents today.
That will benefit many businesses, including exporters and companies with high foreign revenue.

http://au.news.yahoo.com/thewest/a/-/breaking/13907856/asx-closes-deep-in-red/

ASX closes deep in red



Credit rating downgrades for Spain and Japan, the absence of fresh stimulus measures from the Bank of Japan and Germany’s dismissal of calls for a eurobond to contain regional debt crisis sparked another wave of risk aversion across Asian markets and the Australian sharemarket deep in the red.

Overnight European markets soared 2 per cent on average, while Wall Street reversed gains to close flat, but broad US dollar strength against other risk assets saw the S&P/ASX 200 index lose 54 points, or 1.31 per cent, to 4067 points after Greek Prime Minister Lucas Papademos said preparations were being considered for Greece to exit the euro.

The World Bank warned that China’s economy could slow more quickly if Europe’s sovereign debt crisis worsened, leaving commodity exporters like Australia struggling..

Yesterday safe-haven demand for the greenback resumed in European trade after Japan’s credit rating was cut two notches to A- by Fitch, while ratings agency Egan Jones cuts Spain one notch.

Sentiment was also hit by comments from Austrian Finance Minister Maria Fekter that Austria was opposed to joint Eurobonds being pushed by French President Francois Hollande.

“Like my colleague (German Finance Minister Wolfgang) Schaeuble I am against euro bonds,” she said. “I’m not willing that Austria should potentially pay twice as high interest as we currently do.

“As long as fiscal discipline of the euro nations isn’t completely complied with, as long as stability isn’t really reached, as long as there is no direct influence on how the states run their finances and which fiscal measures they set, I won’t sacrifice the Austrian credit rating.”

The Australian dollar tumbled 1.9¢ to a fresh six-month low of US97.40¢ before bouncing to US97.60¢.

Japan’s Nikkei index tumbled 2 per cent after exports fell well short of forecasts and the Bank of Japan failed to announce an increase to its bond purchasing stimulus plan. The Shanghai composite index was off 0.7 per cent at the close of the ASX.

The broader All Ordinaries index was down 52.4 points, or 1.26 per cent, at 4,121.1.On the ASX 24, the June share price index futures contract was 64 points lower at 4071 with 36,556 contracts traded.

The local market fell in line with other Asian bourses ahead of a fresh round of debt crisis talks by European leaders tonight.

The market is expecting the leaders to express a consensus that they want Greece to stay in the euro, John Curtin, associate director of Patersons Securities, said.

"The market is moving from positive to negative commentary on the slightest hint of what will happen out of Greece because contagion is the big fear,” he said.

"The prevailing view from Europe is that a deal will be negotiated to stay in the euro, but until that is sorted markets will be very flighty."

Fitch Ratings’ downgrade of Japan’s sovereign debt rating to A-plus also weighed on the local market, IG Markets analyst, Stan Shamu said.

Australia’s major lenders lost at least 0.92 per cent, with ANZ Banking Group suffering the heaviest fall and closing down 36 cents, or 1.71 per cent, at $20.70.

Suncorp Group and QBE Insurance both lost 3.08 per cent, with Suncorp closing 24 cents lower at $7.55 and QBE Insurance off 39 cents to $12.29.

Market heavyweight BHP Billiton dropped 39 cents to $31.93, while Rio Tinto declined 61 cents to $56.28.

Gold major Newcrest Mining lost 50 cents, or 1.98 per cent, to $24.74 as the gold price plunged.

The spot price of gold in Sydney was $US1557.20 per fine ounce at 2.16pm, down $US30.58 from Tuesday’s local close of $US1587.78 per ounce.

Shares in struggling department store owner Myer Holdings sank to a four-month low after the company warned its full year profit could drop by as much as 15 per cent amid tough trading conditions in the retail sector.

Myer’s stock plunged 17 cents, or 7.83 per cent, to $2.00.

National turnover was 1.54 billion securities worth $4.3 billion, with 321 stocks up, 636 down and 322 unchanged