Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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The man behind the V for Vendetta mask

The man behind the V for Vendetta mask | Countdown to Financial Armageddon | Scoop.it

The sinister Guy Fawkes masks made famous by the film V for Vendetta have become an emblem for anti-establishment protest groups. Who's behind them?

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(VIDEO) Occupy London clashes: Fighting erupts at UK protest

Here's a new video from the Occupy London protesters

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Vive La US Revolution! Bill Bonner muses on the growing Occupy Wall Street protests

Vive La US Revolution! Bill Bonner muses on the growing Occupy Wall Street protests | Countdown to Financial Armageddon | Scoop.it

The US is probably getting ready for a revolution. Back in the Cold War days, the CIA was asked to do a portrait of a country that might have a revolution. It decided that such a country would have three characteristics:

A big gap between rich and poor.

A middle class that was disappearing…or one that never existed in the first place.

A lot of people with a grudge.

The US fits each of these criteria. And then some others the spooks hadn’t thought about.

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A Survey Says Most Wall Street Workers Expect Same Or Higher Bonus As Last Year: Wonder How The Protesters Will React?

A Survey Says Most Wall Street Workers Expect Same Or Higher Bonus As Last Year: Wonder How The Protesters Will React? | Countdown to Financial Armageddon | Scoop.it

While most Americans aren't expecting their incomes to rise with the cost of living in the near future, more than 60 percent of Wall Street professionals say they anticipate their bonuses will be higher or the same as the bonus they earned in...

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Occupy Wall Street: Egyptian Activist Goes 'From Liberation Square To Washington Square' (VIDEO)

Occupy Wall Street: Egyptian Activist Goes 'From Liberation Square To Washington Square' (VIDEO) | Countdown to Financial Armageddon | Scoop.it

Thousands of Occupy Wall Street supporters gathered in Washington Square Park on Saturday afternoon for a General Assembly intended to spread the movement's message.

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Occupy Wall Street Protest - A Video Montage

Not sure about the soundtrack, but some arresting images from the Occupy Wall Street demonstrrations

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Over 700 arrested in Wall Street protest

Over 700 arrested in Wall Street protest | Countdown to Financial Armageddon | Scoop.it

More than 700 anti-Wall Street protesters are arrested, most for disorderly conduct, as they try to march across New York's Brooklyn Bridge.

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Those pesky kids! 'Occupy George' protesters deface dollar notes ... but then the Fed has been doing that for decades!

Those pesky kids! 'Occupy George' protesters deface dollar notes ... but then the Fed has been doing that for decades! | Countdown to Financial Armageddon | Scoop.it

Occupy’ protesters have come up with a novel approach to demonstrate against corporate greed by adding figure infographics to dollar bills - legally!

 

“Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows:

 

Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined not more than $100 or imprisoned not more than six months, or both.”

 

So looks like the protestors are ok as the relevant serial numbers are left intact and the bills are still legal tender ... but what about the Federal Reserve itself? Surely Bernanke and his predecessors going back to 1971's Nixon Shock have a case to answer for. If fiat currency isn't the ultimate debasement of money, what is?

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Occupy Protests Get Global Thumbs Up

Occupy Protests Get Global Thumbs Up | Countdown to Financial Armageddon | Scoop.it

Showing the Americans how to do civil unrest properly - protesters in cities around the world take to the streets to demonstrate against financial mismanagement, with riot police charging crowds in Rome.

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Protesters attempt to occupy US Senate

Protesters attempt to occupy US Senate | Countdown to Financial Armageddon | Scoop.it

Police arrest six demonstrators after nearly 100 flooded Capitol Hill in an effort to shut down Congress.

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'There's something happenin' here, what it is ain't exactly clear' Occupy San Diego, Day 1

'There's something happenin' here, what it is ain't exactly clear' Occupy San Diego, Day 1 | Countdown to Financial Armageddon | Scoop.it

From East Coast to West ... yes, it's where all the liberals live (allegedly), but will this nonviolent protest spread to the rump of the US?

 

It’s been a long, short week, if that makes any sense at all… I haven’t slept much in the last few days, the wheels in my head have been spinning constantly, a mantra in the near reaches of my conscious...

Via Nate Anton
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‘Occupy Wall Street’ Evokes Vietnam-Era Protests Says NY Mayor Bloomberg

‘Occupy Wall Street’ Evokes Vietnam-Era Protests Says NY Mayor Bloomberg | Countdown to Financial Armageddon | Scoop.it

The simmering discontent that has provoked the Occupy Wall Street protests has prompted numerous historical comparisons. Some are calling the movement a liberal version of the Tea Party. Others see a repeat of the 1930s populism that accompanied the New Deal.

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Why Europe's Debt Crisis Could Trigger another Giant Bailout of Wall Street

Why Europe's Debt Crisis Could Trigger another Giant Bailout of Wall Street | Countdown to Financial Armageddon | Scoop.it

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.

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