(SchiffReport) – August 7, 2010 – Continue reading
BREAKING – (NYTimes) – In Tea Party Victory, Rand Paul Takes Ky. Senate Primary
Rand Paul, one of the early leaders of the Tea Party movement, won the Republican nomination for Senate from Kentucky Tuesday night, delivering a powerful blow to the party’s establishment and offering the clearest evidence yet of the strength of the anti-government sentiment simmering at the grass-roots level. Read More Here
See Also: (KurtNimmo) – Will Neo-Cons Steal Senate Primary From Rand Paul? – Read More Here
Also: (KurtNimmo) – Despite Poll Numbers, Rand Paul’s Opponent Confident He Will Win in Kentucky – Read More Here
(MSNBC) – May 17, 2010 – “We Pay The Taliban During The Daytime & At Night They Plant IEDs” Continue reading
(BusinessInsider) – Tomorrow Rand Paul will take a major step towards being the highest ranking “Tea Party” politician in the country.
Rand — whose father Ron Paul is well-known and beloved by money –appears to be a shoo-in to win his Primary contest in Kentucky.
Current polls have him solidly leading establishment rival Trey Grayson, who was endorsed by sitting Kentucky Senator Mitch McConnell. That didn’t help much.
(SicSemperTyrannis) – There has been lots of talk about a coming food crisis due to the massive looting of the nations under the cover of an “economic crisis”. Recently, a report published by The Trumpet has shown food prices spinning out of control.
In the article it shows some of the most startling year-over-year price increases in the U.S. markets: Continue reading
(RollingStone) – The Feds vs. Goldman
The government’s case against Goldman Sachs barely begins to target the depths of Wall Street’s criminal sleaze – Read More Here
(EconomicCollapseBlog) – Will The Gulf Of Mexico Oil Spill Be An Economic Disaster That The Gulf Coast Will Never Recover From? – Read More Here
(EconomicCollapseBlog) – How Is The U.S. Economy Supposed To Succeed When Our Politicians And The Big Banks Are Making Billions Of Dollars Betting Against It?
Most people around the globe think of America as a great “capitalist” economic machine, but the truth is that the U.S. financial system is essentially one massive betting parlor at this point. In fact, there has been a whole lot of easy money made in this betting parlor over the past several years by our politicians and by the big financial players down on Wall Street. So how did they make all of this money? They did it by betting against America. Read More Here
(GlobalResearch) – Covert Economic Agenda Beneath Immigration Reform – Shamus Cooke
How convenient for Goldman Sachs. Just as most working people were demanding that the Goldman bosses and other Wall Street criminals either be massively fined, jailed or worse, the nation’s attention is suddenly forced to react to the racist immigration law in Arizona. And although the two incidents are not directly related, they represent a trend that is likely to increase in the months and years ahead. Read More Here
(YahooFinance) – Video: Congress Refuses to Outlaw Insider Trading For Lawmakers
Even a cynic can find Washington’s hypocrisy shocking at times. The Wall Street Journal reports today a House bill that would force lawmakers to make greater disclosures on financial transactions and disallow them from trading on nonpublic information is going nowhere fast.
That’s right. Members of Congress are currently allowed to profit on insider trading! View Video Here
(WashingtonPost) – Illegal Immigrants cost feds more than $10 billion a year
A report that found that illegal immigrants in the United States cost the federal government more than $10 billion a year — a sum it estimated would almost triple if they were given amnesty — has drawn criticism from immigration advocacy groups. Read More Here
(WashingtonPost) – Effort to expand audits of Fed picks up steam in Senate
A contentious effort to expand audits of the Federal Reserve that sailed through the House despite heavy criticism appears to be picking up steam as the Senate considers broad new financial regulations. Read More Here
(GlobalResearch) – Cutting Public Debt: Economic Science or Class War?
In The Bullet no.345, Ingo Schmidt showed how the credit rating agencies have sparked an assault by international bondholders on the sovereign debt of Greece, where workers are being made to pay heavily for the fiscal crisis of the state. Read More Here
(WashingtonsBlog) – The Fed Must Be Audited: The Fraudulent Practices of the Federal Reserve
In March 2004, when Alan Greenspan was Fed chairman, he suppressed the opinions of those Fed officials who knew that there was a housing bubble.
Congressman Alan Grayson points out that – because the Fed unilaterally decided to hand out half a trillion to foreigners without any Congressional oversight, and that Bernanke testified that he didn’t know who got the loot – the Fed must be subject to an audit. Read More Here
(GlobalResearch) – Greece: Poverty and Social Implosion in the Wake of the Financial Bailout – Finian Cunningham
“This is not our debt, but we are being made to pay for it,” said one angry Greek worker, explaining why he like thousands of other Greeks are taking to the streets in protest at their country’s bail-out plan.
The so-called rescue package of €110 billion ($143 billion) facilitated by the European Union and International Monetary Fund (IMF) is not just aimed at shoring up Greece from total economic collapse. At stake too is the solvency of several other Eurozone countries – Belgium, Ireland, Italy, Portugal and Spain – and even the euro currency itself. Read More Here
(USAWatchdog) – Inflation and Bailouts Go Hand in Hand
Pick a financial fire and you can be sure the U.S. government will hose it down with gallons of money. AIG, General Motors, Chrysler, insolvent states, FDIC, Fannie, Freddie and all the banks are just a few of the blazes Uncle Sam has sprayed money on
Now, the Federal Reserve is printing up another $105 billion to send to Greece to help with its debt problem. Is the bailout cycle getting ready to take another turn bailing out the Banks? Read More Here
(CNBC) – European Union, Currency Are Headed for Collapse: Gartman
The current European debt crisis likely will not end until the euro collapses as a currency and takes the entire European Union with it, said Dennis Gartman, hedge fund manager and author of “The Gartman Letter.”
“I think the whole thing will go down to defeat, the whole thing will eventually unravel,” Gartman said in an interview with CNBC.com. Read More Here
(SmirkingChimp) – US Government Now 96.5% of the Mortgage Market Q1, 2010
If You Were NOT Paying for Your Neighbor’s Mortgage, How Many Home Sales Would There Be?
The US government IS the US housing market. Read More Here
(ABC30) – Video: City of Fresno Declares Fiscal Emergency
The city of Fresno is facing a $30.6 million budget shortfall and the mayor announced she wants to cut hundreds of city jobs. Video Link Here
This money was pickpocketed from you and me, directly (through government spending) and indirectly (increasing debt costs, future inflation, etc). Continue reading
(WashingtonsBlog) – Tim Geithner told the Today Show that:
It’s “deeply unfair” that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.
Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis.
“As the president has said, we had to do some very unpopular things,” Geithner said. “People looked at what had happened.””It’s not fair. It’s deeply unfair,” he said. “He (Obama) had to decide whether he was going to act to fix it or stand back … and that would have been calamitous for the American economy.”
(WAPost) – Wa. Post: Citi sale “would amount to a validation of bailout”
Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue. Read More Here
Video: Federal Reserve End Game – View Video Here
(TalkRadioNews) – Sarkozy Calls For World Economic Regulation – Read More Here
(Fox) – Peter Schiff Discusses The Jobs Bill On Freedom Watch – View Video Here
(GoldSeek) – Gerald Celente – This time they will close Banks & Wall Street – View Video Here
(CNBC) – Video: Jim Rogers – Commodities More Attractive Than Currencies – View Video Here
Marijuana Legalization ~ Grassroots Industry or Corporate Takeover
California state officials have determined that the Regulate, Control and Tax Cannabis Act of 2010 has enough eligible signatures to appear on the November ballot. This ballot measure would allow the possession of 1 ounce of marijuana for personal use by individuals aged 21 and older and the ability to cultivate gardens up to 25 square feet. Currently, possession in California is a misdemeanor that carries a $100 fine. The Act would ban the use in public or around minors.
A no brainer … right … End the insanity of this aspect of the war on drugs, tax it and go on our merry way. Maybe it’s not that simple. Read More Here
(InternationalForecaster) – Credit Crisis, Outrage, Far From Over
Bernanke re-nominated, outrage at banks, insolvency the real state of banks, crime pays when you are at the top, sovereign debt crisis around the world, debt and derivatives products were all just a ponzi scheme, the problem wont go a way when the system is purged, PIMCO Bill Gross warns of inflation, big cutbacks in services… Read More Here
(PrimaPanama) – Disturbing new U.S. law aims to end individual foreign bank accounts – Read More Here
(WashingtonTimes) – KUHNER: Will America break up?
President Obama is splintering America. The passage of Obamacare was a historic victory for liberal governance. Yet, its true cost may be that it triggers the eventual breakup of the country. Read More Here
(CrooksAndLiars) – Too Big To Jail? DoJ: Wall St. Bailout Buds ‘Co-Conspirators’ In Plot To Rip Off State, Local Governments
Municipal bonds are where a lot of the political kickbacks and corrupt deals are typically hidden, so I can’t say I’m surprised. In fact, it’s sort of funny that the governments dealing with these guys apparently thought they could trust them, considering how crooked the business is. Lie down with dogs, rise up with fleas, as the nuns used to say:Read More Here
(AllGov) – Chertoff Joins Defense Firm that Defrauded U.S.
Michael Chertoff, the former homeland security chief who’s not been shy about exploiting terrorist threats for the benefit of his clients, has decided to join a top defense contractor that defrauded the U.S. government. Read More Here
(EconomicPolicyJournal) – Obama’s New Housing Program Is a Huge Gift to Banks
Dean Baker does a great job of explaining what it will do. And, while Baker does imply that the Administration may have been a bit naive in structuring the program this way, I doubt it. Further, you can be sure that Lloyd Blankfein and Jamie Dimon understand exactly what this structure means. Here’s Baker: Read More Here
(SeattleTimes) – Recession’s untold story
It turns out the job of dog-kennel assistant is even less glamorous than it sounds Read More Here
(KurtNimmo) – As Democrats went all soft and squishy over the prospect of a leviathan and authoritarian government grabbing more power under Obamacare, the Senate Banking Committee under the direction of Democrat Christopher Dodd put finishing touches on a “financial regulatory reform bill.” Dodd’s committee passed a 1,300-page bill in a 21-minute “partisan” markup, according to WebCPA. Continue reading
(Truthdig) – We owe Ralph Nader and Cynthia McKinney an apology. They were right about Barack Obama. They were right about the corporate state. They had the courage of their convictions and they stood fast despite wholesale defections and ridicule by liberals and progressives. Continue reading
(Salon) – Yesterday, Joseph Stack deliberately flew an airplane into a building housing IRS offices in Austin, Texas, in order to advance the political grievances he outlined in a perfectly cogent suicide-manifesto. Stack’s worldview contained elements of the tea party’s anti-government anger along with substantial populist complaints generally associated with “the Left” (rage over bailouts, the suffering of America’s poor, and the pilfering of the middle class by a corrupt economic elite and their government-servants). All of that was accompanied by an argument as to why violence was justified (indeed necessary) to protest those injustices: Read More Here
(Yahoo) – January 11, 2010 – Celente believes the bailouts have just postponed a depression – not prevented one: “The hand may change but the game doesn’t change.” Continue reading
(MyBudget360) – S&P 500 Down 24 Percent for the Decade, Real Home Values down 3%, U.S. Dollar down 23%, and Unemployment back to 1980 Levels. Continue reading
George W. Bush redistributed more wealth during his presidency than any president had since Lyndon Johnson. Republicans really have never had any problem with redistributing wealth as long as the proceeds go to the right people. Since Medicare benefits senior citizens, a constituency that no election can be won without in the baby boomer retirement era, Republicans had no problem using the force of government to take money from one individual and use it to buy “healthcare” for another — as they did with their Medicare prescription drug benefit. Continue reading
The word from many of our establishment lecturers and cozy media pundits is that the fall of American power is now. And it’s sinking fast, headed for sunset at about year 2025. But not all is as it seems. Witness one Michael Klare – an apparent expert on the issue, he offers 6 signs of U.S. pride before the fall. Based on U.S. secret police findings, his reasons published at the Nation magazine and other sites are shocking to some and incredible to others. Continue reading
I just received a letter from President Obama. Right there on the outside envelope are the words “I need you.” After not answering several letters which I have mailed and faxed to him, I was, for the briefest of moments, curious about this personal plea for help. Then, of course, I realized that it was a form letter from Mr. Obama via the auspices of the Democratic National Committee (DNC). Continue reading
Who do the banks owe money to? Are those hedge funds affiliated with the very banks that were bailed out? Prof. Chossudovsky explains. He emphasizes the bailouts will not help the crisis, but will exacerbate it. Continue reading
On Tuesday, Dr. Paul appeared on CNN’s American Morning to discuss the bailouts and the economic crisis. Continue reading
On Wednesday, Dr. Paul appeared on CNN’s The Situation Room with Wolf Blitzer to discuss the need for the Republican Party to champion limited government and to put principle above politics. Continue reading
Our Nation Is Out of Control – Constitutionally, Economically & Ethically.
Billion dollar bailouts, federal spending into debt that enslaves our children, trillions spent on wars in places most Americans can’t find on a map or tell you why we are there, the Bill of Rights — intended to protect our God-given individual rights as a free people — now ignored on a daily basis, have eroded our Republic. Continue reading
After the recent unemployment numbers were announced, smug politicians promising economic recovery stuttered a bit. This wasn’t supposed to happen. Mainstream economists were predicting a smooth upswing in employment, but in September 263,000 more jobs were lost, 62,000 more than August.
(BobChapman) – There is only one place to be and that is in gold and silver related assets. Continue reading
(WATimes) – Federal Reserve Chairman Ben S. Bernanke and former Treasury Secretary Henry M. Paulson Jr. misled the public about the financial weakness of Bank of America and other early recipients of the government’s $700 billion Wall Street bailout, creating “unrealistic expectations” about the companies and damaging the program’s credibility, according to a report by the program’s independent watchdog. Continue reading
Don’t worry about French UN troops, Spanish UN troops, Romanian UN troops or any other UN troops being used to quell rebellions in western nations due to bank bailouts or any other unpopular or corrupt acts by government. Not when you have the international military police force at the hands of the EU. Never heard of it? Read below. Continue reading
(1) The government does not have the authority to break up the big boys(2) To break up the banks, the government would have to nationalize them, which would be socialism
How long can the bosses keep the plants and offices open if workers don’t show up? How long would this country’s economy function if workers were to walk out? You know the answer. Perhaps it’s time that we remind the bosses, bankster frauds and politicos what the answer is. Continue reading
August 2009 marks the 19th straight month we have lost jobs as a nation ~ that’s 6.9 million jobs gone ! The Obama top down multi-billion dollar bailout and bank rescue has artificially inflated stocks and credit markets but has left Main Street destitute, jobless and unprotected: Continue reading
Say what you will, believe what you want, tell others of your deep “in the gut” support for Dictator-in-Chief Obama’s vision of change while you continue to wave good-by in the rear view mirror to the once really free America. Continue reading
The Federal Reserve System is a failure. In the last round of bailouts, all they could do was inflate the money supply to unprecedented levels, in order to stave off a financial tsunami. The problem is that the financial tsunami was created by inflating the money supply in the first place. That’s like putting out a fire by throwing gasoline on it. Continue reading
The U.S. economy is at the beginning of a protracted period of adjustment. The sharp decline in business activity, which began in the summer of 2007, has moderated slightly, but there are few indications that growth will return to pre-crisis levels. Continue reading
(NYPost) – It’s been a hilarious August, watching media supporters of President Obama’s health care package puzzle over the obscure motivations of the noncompliant Americans rallying against it. Continue reading
On Thursday, April 23 2009, Stephen Zarlenga, director of the American Monetary Institute (AMI), delivered two briefings on Capitol Hill on the American Monetary Act that AMI drafted and that may be introduced as legislation during the current congressional session. This single measure has the potential of bringing together the tens of millions of people who have realized it’s our bank-run debt-based monetary system that lies at the center of the financial rot that is destroying our republic and its values. Continue reading
(C4L) – Since the bailouts last fall, lawmakers have been behaving as quasi-owners of the bailed-out banks and businesses, leading to calls for increased regulation of executive compensation and other wasteful expenditures. We have heard much about bonuses and executive pay packages that sound more like lottery winnings than an honest salary. Continue reading
“In a little time [there will be] no middling sort. We shall have a few, and but a very few Lords, and all the rest beggars.” R.L. Bushman
“Rapidly you are dividing into two classes–extreme rich and extreme poor.” “Brutus”
Americans think that they have “freedom and democracy” and that politicians are held accountable by elections. The fact of the matter is that the US is ruled by powerful interest groups who control politicians with campaign contributions. Our real rulers are an oligarchy of financial and military/security interests and AIPAC, which influences US foreign policy for the benefit of Israel. Continue reading
Most Americans do not make the connection between American Gun Control and today’s scandals of bank bailouts, corporate takeovers, immense failures, government intrusion and indifference, massive disrespect for the electorate, and other harassment of the sovereign. There is a connection. Continue reading
The Federal Reserve’s unprecedented intervention into the U.S. economy has inflamed more Americans than almost any other issue in recent memory. More than 75 percent of Americans now support an audit of the Federal Reserve system, and it’s no wonder. Continue reading