New Hampshire Activist Exposes The Violence Behind Legal System

Nationally syndicated radio talk show host Ian Freeman will spend 100 days in jail because he questioned the legitimacy of a system which would penalize him for having a couch in his yard and conduct his trial in secret.

Treasury Secretary Hank Paulson pulled another fast one on American taxpayers.

Our troubles with Hank started back when he was CEO at Goldman-$achs. Hank helped launch the masked bogus financial instruments called “derivatives” which are at the Heart of the Global Meltdown of Banks around our Planet.

Next, at the invitation of GwB, Hank skipped over to the US Treasury, where his months of failures to act made things worse. When the World Economy had festered to the point of near collapse– a week before Congress was to go home to hit the Campaign Trail — Hank laid a 3-page Bailout Plan before them, and said, “take it or leave it.” BTW, if you don’t take it — while you’re out of Washington — the World as you know it will collapse. There will be Rioting in the Streets of America, requiring us to declare Martial Law. Obediently, Congress swallowed Hank’s Bailout Pig, whole.

What Is NorthCom Up To?

This week and into next, NorthCom and NORAD are conducting a joint exercise called “Vigilant Shield ’09.”

The focus will be on “homeland defense and civil support,” a NorthCom press release states.

From November 12-18, it will be testing a “synchronized response of federal, state, local and international partners in preparation for homeland defense, homeland security, and civil support missions in the United States and abroad.”

MSM: Financial Crisis – International Trade In Jeopardy

GENEVA (AFP) — The World Trade Organization warned Wednesday that the financing of global commerce is “deteriorating” amid the financial crisis and the situation is likely to worsen over the coming months.

“The market for trade finance has severely deteriorated over the last six months, and particularly since September,” WTO Director-General Pascal Lamy told ambassadors of the organisation’s 153 members following a meeting with trade experts and bankers.

MSM: Former Goldman Sachs chairman – Slump worse than Great Depression

NEW YORK (Reuters) – The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday.

Whitehead, 86, said the prospect of worsening consumer credit woes combined with an overtaxed federal government make him fear that the current slump is far from over.

The Worst Is Not Behind Us – Beware of those who say we’ve hit the bottom.

It is useful, at this juncture, to stand back and survey the economic landscape -both as it is now, and as it has been in recent months. So here is a summary of many of the points that I have made for the last few months on the outlook for the U.S. and global economy, as well as for financial markets:
-The U.S. will experience its most severe recession since World War II, much worse and longer and deeper than even the 1974-1975 and 1980-1982 recessions. The recession will continue until at least the end of 2009 for a cumulative gross domestic product drop of over 4%; the unemployment rate will likely reach 9%. The U.S. consumer is shopped-out, saving less and debt-burdened: This will be the worst consumer recession in decades.

MSM: Iran switches reserves to gold – report

TEHRAN, Nov 15 (Reuters) – Iran has converted financial reserves into gold to avoid future problems, an adviser to President Mahmoud Ahmadinejad said in comments published on Saturday, after the price of oil fell more than 60 percent from a peak in July.

Too Late Now!!!

DAILY REPORT (11/14/08)

Every morning the talking heads on CNN and Bloomberg come out with their smiling faces and try to come up with reasons to buy the market. Lately that’s been a tough sell. I, on the other hand, have been bearish on the stock market for longer than I care to remember. There have been a series of supports along the way, at 12,400, 11,650, 10,725 and then down at 9,005, and at each level we would hold for a while, resulting in a chorus of “we’ve bottomed”, until it became obvious that we didn’t. Each subsequent retest would be met with a resounding “retests are bullish” and then we’d head lower yet. The last such critical level is at 8,146 and it was tested twice in October and held both times. This really inspired the bulls and they dragged out the big guns, like Barton Biggs, who took two days of TV time on numerous channels to declare a bottom for stocks and champion his love of the banking sector.