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Economic Vampires

Eurozone suspends Greek debt relief over Christmas bonus for pensioners

Greece’s European creditors have halted the country’s debt relief deal after Athens proposed a one-off payout to pensioners which contradicts Brussels' austerity demands. Greek Prime Minister Alexis Tsipras promised 1.6 million pensioners a Christmas bonus of between €300 and €800. He said the government would spend €617 million in one-off benefits for low-income pensioners ahead of Christmas because Greece had exceeded its 2016 primary surplus target. [The blood sucking vampires in Brussels prioritize transferring the wealth of the Greek people to the Beast banksters in order to make the rich richer and the poor poorer. -- Webmaster]

Wells Fargo or the Federal Reserve: Who is the Bigger Fraud?

The Wells Fargo bank account scandal took center stage in the news last week and in all likelihood will continue to make headlines for many weeks to come. What Wells Fargo employees did in opening bank accounts without customers' authorization was obviously wrong, but in true Washington fashion the scandal is being used to deflect attention away from larger, more enduring, and more important scandals.

What Wells Fargo employees who opened these accounts engaged in was nothing more than fraud and theft, and they should be punished accordingly. But how much larger is the fraud perpetrated by the Federal Reserve System and why does the Fed continue to go unpunished? For over 100 years the Federal Reserve System has been devaluing the dollar, siphoning money from the wallets of savers into the pockets of debtors. Where is the outrage? Where are the hearings? Why isn’t Congress up in arms about the Fed’s malfeasance? It reminds me of the story of the pirate confronting Alexander the Great. When accused by Alexander of piracy, he replies “Because I do it with a small boat, I am called a pirate and a thief. You, with a great navy, molest the world and are called an emperor.”

Totalization Agreement with Mexico combined with Social Security payments to illegal aliens and 'refugees' has bankrupted Social Security

Democratic and Republican Congresspersons have drained Social Security funds by giving payments to Mexicans, illegal aliens, refugees, asylum seekers, and other undeserving claimants who never paid into the system.  As the USA becomes more Third World, the corruption in Washington becomes more Third World along with the changing demographics away from a European majority and toward that of a Hispanic failed state as per Mexico and the nations of Central America.  

Best-paid U.S. hedge fund managers take home $13 billion

Hedge funds lost money for their investors last year but the industry's top-paid managers had a banner year, with five men earning more than $1 billion each in 2015, an industry survey released on Tuesday (5-10-16) showed

The higher payday came "despite the fact that roughly half of all hedge funds lost money last year," said Institutional Investor Editor Michael Peltz. He added that "about half of the 25 highest-earning hedge fund managers used computer-generated investment strategies to produce their investment gains."

The lucrative pay came as the average hedge fund lost 1 percent in 2015, with some managers, including David Einhorn, Larry Robbins and William Ackman losing much more than the high-earners took in. Ackman and Robbins, who ranked in the No. 4 and No. 7 spots in the previous Rich List did not make the recent roster.

The Big Short: Film and Book

Plot summary: the story is about four men who came to believe that the subprime mortgage industry was slated for a big fall, so they devised ways to place bets on such a fall. To them, there was a serious housing bubble and they meant to collect when the collapse of the bubble came.

ICE Agent Commits Suicide in NYC; Leaves Note Revealing Government Plans to Round-up and DISARM Americans During Economic and Bank Collapse

Something to consider as pension funds get looted and retirement savings disappear.  That money goes into the pockets of billionaires who act as economic vampires, looting the wealth of the former Free World and destroying the middle class in Europe and the United States.

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