Archive for the ‘Europe’ Category
December 22nd, 2011 | 
Author: Debt-Free United States Notes Were Once Issued Under JFK And …
theeconomiccollapseblog.com12/19/11
Our current debt-based monetary system was devised by greedy bankers that wanted to make huge profits by creating money out of thin air and lending it to the U.S. government at interest. Sadly, the vast majority of the …
The Corporate Cash Myth | Euro Pacific Capital
www.europac.net12/21/11
The death blow to US corporations could come when US interest rates rise to historically normal levels. A four-percentage-point rise in the interest rates paid on debt by US corporations would cost them nearly $300 billion per …
If you think that the US is in a terrible state financially, you’re right, because the US can’t pay the interest on its debts which is why those debts are getting bigger every second of every day.
But take a look at this slide-show and most likely be amazed.
Of the twenty countries listed, America is number twenty meaning that there are nineteen countries who owe much more of their GDP that it does.
And please note how the socialist countries are doing and perhaps cringe, knowing that this is the direction in which Obama would like to lead America.
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Rupert Murdoch's News International 'Sought to Destroy My Life …
www.hollywoodreporter.com11/30/11
At a Leveson Inquiry hearing, Mark Lewis recounted his horror at seeing the publisher's surveillance tapes of his 14-year-old daughter.
Rupert Murdoch Sells Nearly All His Nonvoting News Corp. Shares …
mediadecoder.blogs.nytimes.com11/22/11
Rupert Murdoch has sold almost all of his nonvoting shares in News Corporation, but because of the company's dual-class voting shares he still controls the company. In a filing with the Securities and Exchange Commission …
Twenty years after flirting with bankruptcy, Rupert Murdoch is now on the verge of his biggest deal.
The proposed transaction is a complete takeover of UK satellite television operator British Sky Broadcasting (BSkyB), which would cement News Corporation’s move away from relying on the cyclical advertising market to drive earnings.
Instead, the BSkyB business, as well as News Corp’s global suite of cable TV channels and satellite TV businesses in Italy, Germany and elsewhere, would put the company squarely in the content and distribution business, and be far less prone to advertising’s vicarious ups and downs.
It would also continue News Corp’s migration towards direct consumer subscription revenues!
* Keith Rupert Murdoch, AC, KSG, born 11 March 1931 is an Australian-American media mogul and the Chairman and CEO of News Corporation.
Risk And Reward
Twenty years ago Murdoch was facing bankruptcy!
He’d invested heavily in BSkyB which had pretty much drained News Corporation, and it was rumored that he recently paid of his mortgages, which caused a great many investors to sweat.
But today Sky is the giant of television and in addition to soccer Sky Arts, National Geographic and the History Channeland much much more.
How Much Does Murdoch Control The Content?
In the two decades that he has owned the channel, not one editor or journalist that I know of has suggested that he interfered or even made suggestions about news coverage.
How incredible!
Now, twenty years later, Murdoch is on the verge of the biggest deal of his life, benefiting from the greatest of all capitalist drivers, namely risk and reward.
At a conference in London recently he used a quote about the lack of business adventure in Britain:
"We’ve got to get rid of the fear of failure in this country. In America, people start things, fail and shake themselves down and start things again. The animal spirit of capitalism is stronger there".
How Did Murdoch Achieve A Monopoly?
In a nutshell, nobody else had the guts, the nerve or the stunning management skill to take on the establishment.
When he was losing literally hundreds of millions on Sky, his competitors were delighted but now that he has made the greatest television success in all our lifetimes, they yell foul.
What The West Is Now Lacking
Surely with the US and Europe facing bankruptcy, what is urgently needed are more people like Rupert Murdoch.
And dare I say it, "No more Obamas!", because he and his ilk have yet to understand Margaret Thatcher who famously said, "Socialism is fine, until you run out of spending other people’s money!".
