Former Nazi Bank To Rule The Global Economy

(PaulWatson) – European Central Bank chief Jean-Claude Trichet’s announcement that the Bank for International Settlements is to become the primary engine for global governance is a shocking admission given the fact that this ultra-secretive menagerie of international bankers was once controlled by top Nazis who, in collusion with global central banks, funneled money through the institution which directly financed Hitler’s war machine.

During a speech to the elitist CFR organization earlier this week, ECB head Trichet said that the Global Economy Meeting (GEM), which regularly meets at the BIS headquarters in Basel, “Has become the prime group for global governance among central banks”. Continue reading

Video: European Central Bank President Calls for Corrupt BIS to Boss Global Government in CFR Speech

(PaulWatson) – In a speech before the elitist Council On Foreign Relations organization in New York earlier this week, President of the European Central Bank Jean-Claude Trichet called for the imposition of global governance to be bossed by the G20 and the corrupt Bank of International Settlements in the name of safeguarding the global economy. Continue reading

The Chosen at work : Darfur aid dollars funding West Bank settlements

(IraqWar) – Persons working with aid organizations assisting the victims of the Darfur conflict have passed on the news that they have confirmed through their contacts in the so called “Save Darfur Coalition” that millions of dollars raised to help the Darfur refugees have ended up in Israeli bank accounts. These accounts help fund programs that include illegal Israeli settlements in the occupied West Bank. Continue reading

Video: Alex Jones – Global Bank Conspiracy

(RussiaToday) – The IMF has proposed levying two global taxes on the worlds banks to make sure the banks dont get us into trouble again. If that sounds dubious that’s because it is, in reality what is being proposed, and has been falling into place for some time, is the framework for an unelected global authority with powers above and beyond those of sovereign governments. Continue reading

Video: Marc Faber on Bloomberg – ‘Eventually There Will Be A Massive Crash’

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about growth in lending and increases in property prices in China. Faber also discusses his caution about buying industrial commodities and Australian stocks. He speaks with Bloomberg’s Liza Lin in Singapore. Continue reading

Economy

(Wimp) – Video: Visualizing Obama’s budget cuts. – Video Link Here

(TheMarketGuardian) – Germany To Add To Goldman’s Headaches, Prepares To Sue Firm – Read More Here

(NorthJersey) – Foreclosures up 33% in new jersey, OUTPACING national rate

What’s new: Foreclosure filings in New Jersey rose 33 percent in the first quarter of 2010, compared with the same period in 2009, according to RealtyTrac, a California company that follows the foreclosure market. Read More Here

(DrHousingBubble) – California Underemployment Rate at 24 Percent – 100,000 Workers Will Lose their Unemployment Insurance. No Housing Recovery can be had without Employment Recovering Read More Here

(Examiner) – CMKM Diamonds and the $3.87 trillion lawsuit you didn’t hear about

As the United States continues to fracture in every way imaginable, most citizens are unable to keep up with the never-ending hodgepodge of government corruption. Each day, a new larger-than-life scandal emerges, and in the short mind span of news media, there is always a bigger and better story to chase. Right now, the hot button issue for mainstream news outlets is healthcare reform, and its myriad implications for our society; this doubtlessly ensures the aforementioned media will continue to overlook unprecedented accusations brought forth in a recent $3.87 trillion lawsuit against U.S. Securities and Exchange Commission Chairman Mary L. Shapiro, as well as several other current and former SEC commissioners, among others. Read More Here

(MyBudget360) – Stock Market Hustle – Three Ways Wall Street has Created a New American Serfdom. The Overly Expensive Mortgage Deduction, Wall Street Pseudo-Rally, and Attacking the Poor Read More Here

(ZeroHedge) – Step Aside Roubini – FX Concepts’ John Taylor Is The New Dr. Doom: “2011 Will Be Worse Than 2008” – Read More Here

(JSMineSet) – The Weakness In Gold That Isn’t

Let no weakness in gold disturb you at this time. – Read More Here

(Reuters) – UPDATE 3-Germany, UK demand Goldman Sachs probe

Germany and the U.K. will seek details from the U.S. Securities and Exchange Commission (SEC) about the activities of Goldman Sachs Group Inc., (GS.N) as a prelude to potential legal steps following a U.S.-led fraud investigation. Read More Here

(Bloomberg) – EU’s Investigation of Goldman Will Be ‘Profound,’ Rehn Says

The European Union investigation into Goldman Sachs Group Inc.’s role in providing swaps to the Greek government to help reduce its budget deficit will be “profound and thorough,” EU Monetary Affairs Commissioner Olli Rehn said. Read More Here

(EconomicTimes) – British FSA launches probe into Goldman ops: Report

The British financial regulator FSA has started a probe into the London operations of Goldman Sachs, following the charges of fraud slapped by the US markets watchdog against the Wall Street giant. Read More Here

(WashingtonsBlog) – Even Clinton Slams Clinton Retreads: Summers and Rubin Must Go

Clinton told ABC that Rubin and Summers were wrong on derivatives:

On derivatives, yeah I think they were wrong and I think I was wrong to take [Summers and Rubin’s advice] because the argument on derivatives was that these things are expensive and sophisticated and only a handful of investors will buy them and they don’t need any extra protection, and any extra transparency. The money they’re putting up guarantees them transparency.

“And the flaw in that argument was that first of all sometimes people with a lot of money make stupid decisions and make it without transparency. Read More Here

(RussiaToday) – Video: Gerald Celente – Economic recovery a cover up – Video Link Here

(MarketWatch) – Ashes of subprime volcano fall on Wall Street

It was mostly smooth sailing for stocks during the first week of earnings until Friday, when news of Goldman Sachs’ troubles with regulators cast over Wall Street a cloud of uncertainty almost as thick as the volcanic ash above Iceland. Read More Here

(MorningNewsBeat) – FMI Attacks New Swipe Fees Instituted By Visa

The Food Marketing Institute (FMI) has lambasted Visa’s plan to increase by nearly 30 percent the swipe fees retailers have to pay when customers use PIN debit cards, beginning today. Read More Here

(Guardian) – London Observer: Now we know the truth. The financial meltdown wasn’t a mistake – it was a con

Hiding behind the complexities of our financial system, banks and other institutions are being accused of fraud and deception, with Goldman Sachs just the latest in the spotlight. This has become the most pressing election issue of all. Read More Here

(MailOnline) – Proof speed cameras exist to rake in money as receipts finally fall

Motorists have been hit with speeding tickets worth almost £1billion under Labour, a report shows. Read More Here

(ReutersBlog) – Europeans won’t be amused by alleged Goldman scam

Europeans won’t be amused by the alleged Goldman Sachs scam. ABN Amro, and therefore ultimately Royal Bank of Scotland, ended up losing $841 million in the allegedly fraudulent collateralised debt obligation investment concocted by the investment bank. Meanwhile, IKB, the bust German bank, lost nearly $150 million. Read More Here

(Fox) – Video: Cap and Trade is NOT DEAD, What it Will Cost You? – Is Obama Trying to Destroy the U.S ?? – Continue reading

World War

(Aletho) – China Reiterates Opposition to Iran Sanctions… Again – Read More Here

(Aletho) – America’s Loose Nukes in Israel – Read More Here

(WSJ) – Syria Gave Scuds to Hezbollah, U.S. Says

Syria has transferred long-range Scud missiles to the Lebanese Shiite militant group Hezbollah, Israeli and U.S. officials alleged, in a move that threatens to alter the Middle East’s military balance and sets back a major diplomatic outreach effort to Damascus by the Obama administration. Read More Here

(BusinessWeek) – Iran’s Ahmadinejad Says U.S. Is Practicing ‘Nuclear Blackmail’

Iran’s President Mahmoud Ahmadinejad told United Nations leaders that the U.S. was attempting “nuclear blackmail” by retaining the option of using atomic weapons against his country. Read More Here

FLASHBACK – (Bloomberg) – German Spy Agency Says Iran Bomb Years Off, Plays Down Report

Germany’s top spy agency said Iran could have an atomic bomb within four to six years, playing down a report in Stern magazine that the government in Tehran could detonate a nuclear device within six months. Read More Here

(AP) – US officials say Iran could get bomb in year

U.S. officials say Iran’s accelerated nuclear program could produce one weapon in roughly a year, if the country decided to go that route. Read More Here

(JPost) – ‘Iran to go nuclear within month’

Iran will join the global nuclear club within one month, according to the deputy research chief of the Islamic Republic’s Atomic Energy of Iran (AEOI). Read More Here

(Haaretz) – Turkey: World is turning a blind eye to Israel’s nuclear weapons – Read More Here

(Aletho) – The West Bank expulsion order is merely the latest step in a long process

The Israeli army order that permits Israel to ethnically purge the West Bank of non-Jews (Palestinians and foreigners who are not Jewish) is the next rational step in the evolution of the Jewish state. Read More Here

(KennyBlog) – Setting Us Up?

The farce of the nuclear summit is apparent. Even some of the controlled media are reporting on the foreign press being treated as a protest group designated to a ‘free speech zone.’ It still doesn’t repress the reports about the most dangerous, along with the U.S., nuclear threat … Israel. Read More Here

(EconomicTimes) – China slaps import duties on US, Russian steel

China said on Tuesday it has imposed duties on common electrical steel made in the United States and Russia, in apparent retaliation for Washington’s recent decision to slap tariffs on Chinese pipes. Read More Here

(Haaretz) – Fayyad: New IDF orders threaten to empty West Bank of Palestinians

The Palestinian leadership on Monday protested against Israeli military orders that could see tens of thousands of Palestinians deported from the West Bank. Read More Here

(Haaretz) – Sarkozy: Israel strike against Iran would be disastrous

French President Nicolas Sarkozy told the American news network CBS on Tuesday that an Israeli military attack against Iran would be “disastrous” and that Israel must understand that “we are determined to ensure its security.” Read More Here

(WATimes) – Obama admin hyping terrorist nuclear risk

The Obama administration is warning that the danger of a terrorist attack with nuclear weapons is increasing, but U.S. officials say the claim is not based on new intelligence and questioned whether the threat is being overstated. Read More Here

(KurtNimmo) – Video: McCain Wants to “Pull Trigger” On Iran

Tea Party Sarah’s favorite senator, John McCain, wants to “pull the trigger” on Iran. Continue reading

Did Global Elite Kill Polish President Kaczynski?

(KurtNimmo) – Damian Thompson, writing for the Daily Telegraph, says there will be plenty of conspiracy theories floating around cyberspace in response to the death of Polish president Lech Kaczynski and a large number of Polish VIPs in a plane crash last week. Continue reading

Palestinians face more ethnic cleansing – (Updated)

(PressTV) – The Israeli military has issued a new ruling that would allow the mass deportation of Palestinians from the occupied West Bank.

According to the Israeli media, the new order considers anyone caught in the West Bank who does not hold an Israeli permit to enter and reside in the area as an “infiltrator.” Continue reading

Why The Fed Owns A Mall In Oklahoma City

(NPR) – As part of the bailouts of AIG and Bear Stearns, the Federal Reserve Bank of New York spent more than $70 billion to buy toxic assets the companies owned. Last week, prompted by a lawsuit filed by Bloomberg News, the Fed finally told the world exactly what it bought.

The Fed now owns loans to Hilton hotels in Hawaii, Puerto Rico, Malaysia and Trinidad. It owns loans to the Miami airport, and the Civic Opera House in Chicago.

It also owned a loan to Crossroads Mall in Oklahoma City. Then, when the owners of the mall couldn’t make the payments, the Fed foreclosed. So now it owns the mall, which includes a Chick-fil-A and an AMC theater. Continue reading

Poland’s Leaders Move to Weaken Currency, Then Die in Plane Crash

(GovernmentAgainstThePeople) – There’s no telling if the two events are connected, but their timing is mighty interesting.

The Polish government and the National Bank of Poland, in a “rare moment of unity,” agree to weaken Poland’s currency, the zloty, in an act that would benefit Poland’s exporters at the expense of Poland’s trading partners—that is, the European Union, among others. Then, the next day, Poland’s president and the president of its national bank die in a plane crash. Continue reading

Economy

(TheIndependent) – Bank of England Deliberately Created “Consumer Boom”

Editor’s note: In other words, the banksters engineered a bubble designed to bust. Read More Here

(EconomicEdge) – THE Most Important Chart of the CENTURY

The latest U.S. Treasury Z1 Flow of Funds report was released on March 11, 2010, bringing the data current through the end of 2009. What follows is the most important chart of your lifetime. It relegates almost all modern economists and economic theory to the dustbin of history. Any economic theory, formula, or relationship that does not consider this non-linear relationship of DEBT and phase transition is destined to fail. Read More Here

(VancouverSun) – Thousands rally against Putin, dozens detained

Russian police broke up an opposition demonstration in Moscow on Saturday, one of around 50 rallies across the country with thousands protesting falling living standards under Prime Minister Vladimir Putin. Read More Here

(Fox10TV) – Still no money for Prichard pensioners

A bankruptcy court judge has given the City of Prichard two more months to figure out how they will pay retired city workers. Prichard pensioners have gone six months without a pension check. Read More Here

(TheAtlantic) – My Inflation Nightmare

Am I crazy, or is the commentariat ignoring our biggest economic threat? Read More Here

(Reason) – Five Lies About the American Economy

The ongoing recession has raised a troubling question for otherwise resurgent Keynesian economists: How can the American economy keep getting worse under the intensive care of an interventionist economic team almost universally praised for its brilliance? Read More Here

(Bloomberg) – Federal Reserve Must Disclose Bank Bailout Records (Update5)

The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said. Read More Here

(USAToday) – Hard times send hotel industry into ‘survival mode’

Neil Cornelssen says he misses the free cookies in the evening at one hotel and the daily newspaper outside his door at others. Read More Here

(WSWS) – Divisions Between the US and Europe Widen Over Greek Financial Bailout

The Greek government is preparing to turn to the International Monetary Fund (IMF) for financial help in the next few weeks to avert a default on its national debt. The move to engage the IMF follows the failure of European finance ministers meeting in Brussels earlier this week to agree on any concrete plan to provide financial backing for Greece. The principal obstacle at the Brussels meeting was the hard line taken by Germany. Read More Here

(MailOnline) – Banker Bob’s £63m jackpot: Anger and disgust as scale of City fat-cat culture hits new record

One of Britain’s richest bankers has landed a record pay package of £63.3million. Read More Here

(GlobalResearch) – Greenspan is Back – Mike Whitney

Greenspan is back. Maestro is scheduled to appear at the Brookings Institute today to deliver a 48 page explanation of why his low interest rates and regulatory neglect did not cause the financial meltdown. The contents of the ex-Fed chief’s apologia have already been released to the press. It’s just more finger-pointing and buck-passing; 48 pages of the-dog-ate-my-homework excuses in Greenspan’s cryptic Fed-speak. Read More Here

(GlobalResearch) – Rampant Unemployment across America: 35 Cities Suffer Unemployment Above 15%

Unemployment rates continue to rise, with the majority of U.S. metropolitan areas showing an increase in January, according to a government report. Read More Here

(SHTFPlan) – FDIC Closes Seven Banks, 2010 Total Climbs To 37

Federal Reserve Chariman Ben Bernanke in a speech in Orlando suggested that we will not see the bailing out of banks as we saw in 2008 and 2009: Read More Here

(WashingtonPost) – When drug makers’ profits outweigh penalties – Read More Here

German Central Bank Admits that Credit is Created Out of Thin Air

(WashingtonsBlog) – Most people think that banks lend solely from their base of deposits. Some also know that with fractional reserve banking, they can loan out many times more than they actually have in reserves. Continue reading

MSM: Early results – Iceland voters reject debt deal

(AP) – Iceland’s voters on Saturday resoundingly rejected a $5.3 billion plan to pay off Britain and the Netherlands for debts spawned by the collapse of an Icelandic Internet bank, according to initial results. Continue reading

Economy

(CNN) – Jobless claims up 12% in past 2 weeks

The number of Americans filing for initial unemployment insurance surged to just below the 500,000 level last week, and have climbed more than 12% over the past two weeks, the government said Thursday. Read More Here

(HuffingtonPost) – The IMF Destroys Iceland and Latvia

The International Monetary Fund operates primarily as a banker bailout machine. They cajole and tempt and confuse and threaten the leaders of governments worldwide to pay off the failed bets of the big bankers using the taxpayer funds of their countries. This has been going on a long time, at least since the early 1980s. Read More Here

(Fox) – New Jobless Claims Jumped to 496,000 as Heavy Snow Caused Rise in Layoffs

In addition, many state agencies in the mid-Atlantic and New England regions that process the claims were closed due to the storms and are now clearing out backlogs, a Labor Department analyst said. Read More Here

(SeekingAlpha) – Something Very Strange Is Happening With Treasuries

There are times in life when one witnesses something so outside the scope of normal experience, that at first you don’t see it. Read More Here

(SydneyMorningHerald) – British lender RBS plans huge bonuses despite losses

Losses at Royal Bank of Scotland narrowed sharply last year, the state-rescued lender said Thursday as it prepared to dish out bonuses reportedly totalling 1.6 billion pounds (1.8 billion euros, 2.4 billion US dollars). Read More Here

(Reuters) – EMU could collapse if one member defaults -Germany

A debt default by one euro zone member could end the single currency union but this is unlikely, the head of the German debt management agency said on Thursday. Read More Here

(Reuters) – Tax officials caught over unpaid fines

There were some embarrassed faces at Bulgaria’s tax office on Thursday after an investigation found more than 400 tax inspectors had failed to pay their traffic fines. Read More Here

Citibank Controversy Puts Dubious FDIC Guarantee Back In The Spotlight

(PaulWatson) – The recent controversy surrounding Citibank’s advisory to its customers reserving the right to impose a 7 day restriction on withdrawals from their accounts is a stark reminder of the vulnerability of the fractional reserve banking system and the FDIC’s shaky guarantee that it can insure deposits in the event of a bank run. Continue reading

Citigroup Warns Customers It May Refuse To Allow Withdrawals

(BusinessInsider) – The image of banks locking their doors to keep customers from making withdrawals during a bank run is what immediately came to mind when we heard that Citigroup was telling customers it has the right to prevent any withdrawals from checking accounts for seven days. Continue reading

Head Of Greek Debt Office Replaced By Former Goldman Investment Banker

(ZeroHedge) – And so the tragicomic becomes surreal. Yesterday’s news about the departure of the head of the debt management agency, Spyros Papanicolaou, was somewhat of a yawner, until we realized that his replacement would be none other than Petros Christodoulou, who until today was head of Private Banking and Group Treasury at the National Bank of Greece (reporting directly to the CEO of the NBG Tamvakakis), as can be seen on the org chart below. Yet was is oddest, is that Mr. Christodoulou worked not only as head of derivatives at JP Morgan but also held comparable posts at Credit Suisse, and… wait for it, Goldman Sachs… Uh, say what? Read More Here

MSM: Bomb Explodes Outside JP Morgan Athens

(Reuters) – A bomb exploded on Tuesday outside the Athens offices of JP Morgan, the second largest U.S. bank by assets, causing minor damage and no injuries, police and the company said. Continue reading

A Revolution Without Guns – Non-Violent Resistance

“Non-Violence is a powerful weapon that can and will weaken the iron fist of the Occupation”
What is Non-Violent Resistance?
Non-Violence is an alternative to either armed resistance or passive acceptance of the status quo. It is both a strategy and a philosophy which rejects violence as a means to promote change, and instead aims to change power relations through assertive acts of omission (refusal to do something) or commission (actively challenging the status quo). It is a method by which to change the minds of both the oppressor and oppressed so that a new reality can be built upon different perceptions of the ‘other’. Continue reading

U.S. Economic Terrorism the New ‘Winning Trade’

(BullionBullsCanada) – When Wall Street planned and executed the U.S. housing-bubble (and all its related scams), it destroyed the lives of tens of millions of Americans. Then, when it subsequently ‘crashed’ global markets, it inflicted hardship on most of the world. But the Oligarchs were just getting started. Continue reading

Exclusive: The Bank Of England Engaged In Flagrant Gold Manipulation In The Interwar Period Via The New York Fed; Does History Repeat Itself?

(ZeroHedge) – An article written by University of Tennessee professor John R Garrett, “Monetary Policy and Expectations: Market-Control Techniques and the Bank of England, 1925-1931“, which describes in exquisite detail the gold falsification measures undertaken by the Bank of England in the interwar period in order to impact interest rates in a favorable direction, performed with the full criminal complicity of the Federal Reserve Bank of New York, may mean paranoid “gold bugs” could soon be forever absolved of their “tin hat” wearing status as outright gold, and other data, manipulation by a major central bank is now proven beyond doubt. The implications regarding the possibility of comparable deceitful and treasonous acts by modern central bankers are staggering. Continue reading

Israel’s war on protest – Army used to deport activists against the Wall

(GlobalResearch) – The Israeli courts ordered the release this week of two foreign women arrested by the army in the West Bank in what human-rights lawyers warn has become a wide-ranging clampdown by Israel on non-violent protest from international, Israeli and Palestinian activists. Continue reading

Newborns’ DNA Routinely Harvested For Government Bio Bank

(SteveWatson) – The government is harvesting samples of DNA from every newborn child in the country, storing them in monolithic bio banks and providing them to outside researchers and other agencies such as the Department of Homeland Security, all without the consent or knowledge of parents. Read More Here

It Is Now Mathematically Impossible To Pay Off The U.S. National Debt

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are  demanding a solution. What they don’t realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything. Continue reading

MSM: Ex-Bank of America chief Ken Lewis charged with fraud

(CNN) – New York Attorney General Andrew Cuomo unveiled a major legal action against senior Bank of America executives Thursday over its controversial purchase of Merrill Lynch, including bringing civil charges against its former CEO Ken Lewis. Continue reading

US Treasury Official Openly Serves on Council of Rothschild-founded “Earth Bank”

Senior US Treasury Dept. Official William Pizer, the current Deputy Assistant Secretary for Environment and Energy is simultaneously a sitting council member on the Global Environment Facility ( http://www.thegef.org ), one of the largest funders of projects to “improve the global environment” (i.e. push through fraud-based carbon cap-and-trade programs). Continue reading

The Fed – Just One Giant Money Counterfeiter

(ZeroHedge) – San Jose State economics professor Jeffrey Rogers Hummel tells all his students that the easiest way to understand the Federal Reserve is to think of it as a giant, legalized counterfeiter. I had always known that the Fed and other central banks were like counterfeiters, but I still thought that the actual mechanics of open-market operations and so forth actually provided some important distinctions. Continue reading

Study: Hunger in America jumps ‘unprecedented’ 46 percent

(RawStory) – If there is any indicator of the toll that the Great Recession has taken on the public, it would be the statistics beginning to emerge about hunger in the US. Continue reading

MSM: Bankers in favor of paying global fee

(FinancialTimes) – Some of the world’s most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks of fighting proposals for new taxes in the US and Europe. Continue reading

MSM: FDIC clocks 15 bank failures so far in 2010

(Reuters) – Six more U.S. banks were seized on Friday as regulators continue to close the doors of banks struggling to cope with fallout from the financial crisis. Continue reading

Video: True free markets are recovery

Deutsche Bank chairman Josef Ackermann said “we will all be losers” if governments clamp down on markets too zealously: “The pendulum might have swung too far,” Ackermann warned. “Consistent and global rules, and a level playing field is absolutely key to the global economy.” Continue reading

Economy

(BusinessWeek) – Central banks end US dollar emergency swap lines

The Bank of England said Wednesday that it and other major central banks are ending emergency lending arrangements put in place with the U.S. Federal Reserve in the wake of the global credit crisis, citing improvements in financial markets. Read More Here

(Bloomberg) – Home Depot to Cut 1,000 U.S. Jobs, Close Test Stores (Update2)

Home Depot Inc., the world’s largest home-improvement retailer, will cut 1,000 U.S. jobs as it shrinks its pool of human-resources and construction workers and closes three test stores. Read More Here

(Bloomberg) – Pennsylvania Capital Should Weigh Bankruptcy, Controller Says

Harrisburg, Pennsylvania, the capital of the sixth-largest U.S. state by population, should skip a $2.2 million debt service payment due Feb. 1 and consider bankruptcy, City Controller Dan Miller said. Read More Here

(MyBudget360) – Game Over for the American Middle Class – Inflation Adjusted Wages up 20 Percent in Last 20 Years While Housing Costs are up 56 Percent and Healthcare Costs are up 155 Percent

The struggle for average Americans to keep up is largely becoming an act of will power and force in this current grand recession. Now you wouldn’t think that there is a definite war raging against the middle class if you simply follow the mainstream media but the facts speak to a more distilled and corporatized method of debt slavery. Read More Here

(LewRockwell) – The Coming Obama Retirement Trap Has Started!

Mandatory IRAs just proposed by Obama Administration on 1/25/10 is the 1st step in stealth nationalization & forced investment of our retirement benefits to support the treasury debt market! Read the veiled report in Business Week. Read More Here

Video: Send Geithner to Prison for Lying to the American People

(KurtNimmo) – Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithner’s leadership withheld documents and delayed disclosures on AIG’s swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Continue reading

Economy

9 banks teetering after bad land bets

After betting heavily on real estate lending, about a third of Utah’s smaller community banks are teetering between collapse and survival after the worst land-value crash in memory. Read More Here

(Bloomberg) – Video: Jim Rogers Discusses Bernanke Reappointment – Fed Policy Video Link Here

(CNBC) – Ron Paul on CNBC’s Squawk Box: Debate on Bernanke and the Fed Video Link Here

(Bloomberg) – Fed E-Mail to Geithner Cites Bank Benefit From AIG

Timothy F. Geithner, who has denied that the financial condition of American International Group Inc.’s bank counterparties was a consideration in structuring the insurer’s bailout, was told by a senior colleague that the rescue was a way to remove “uncertainty” for the firms. Read More Here

(WSJ) – DynCorp’s Iraq Contracts With U.S. Are Scrutinized

The U.S. State Department is struggling with its accounting for billions of dollars spent on police-training contracts in Iraq with DynCorp International Inc. Read More Here

(Reuters) – Record number of young Americans jobless

The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday. Read More Here

Pete DuPont: Coming Tax Hikes Will Cause Greater Economic Collapse Than 2008-09

Wall Street Journal op-ed, An Economic Time Bomb: Even If Congress Does Nothing, Tax Hikes Will Hit Hard a Year From Now, by Pete DuPont (Chairman of the Board, National Center for Policy Analysis): Read More Here

(TampaBay) – Pinellas County’s $40 million shortfall will mean layoffs and program cuts

Pinellas County needs to cut spending by 10 percent to solve a $40 million budget deficit for next year, County Administrator Bob LaSala announced Tuesday. Read More Here

Theft! Were the US & UK central banks complicit in robbing the middle classes? – Albert Edwards

(ZeroHedge) – Mr Bernanke’s in-house Fed economists have found that the Fed wasn’t responsible for the boom which subsequently turned into the biggest bust since the 1930s. Are those the same Fed staffers whose research led Mr Bernanke to assert in Oct. 2005 that “there was no housing bubble to go bust”? The reasons for the US and the UK central banks inflating the bubble range from incompetence and negligence to just plain spinelessness. Let me propose an alternative thesis. Did the US and UK central banks collude with the politicians to ‘steal’ their nations’ income growth from the middle classes and hand it to the very rich? Continue reading