(KurtNimmo) – Following Obama spokesman Robert Gibbs’ ungracious comments about the “professional left,” the usual suspects mounted the corporate media and began venting about the Obama administration.
One such luminary was filmmaker Michael Moore. Mike told Keith Olbermann at MSNBC that the so-called left wants to seize the banks and throw out the bums but the Obama administration simply will not listen. Mike’s naiveté — more likely his mendacity, since he did not roll off the turnip truck last week — will undoubtedly stir the righteous indignation of so-called progressives. In fact, it is designed to do so. Continue reading →
(MoneyTeachers) – When the English Aristocracy and their Bankster Allies opposed Lincoln, in favor of the South, he issued the Emancipation Proclamation. The British people were opposed to slavery and the Proclamation drove a wedge between them and the Crown. In one stroke, Lincoln destroyed any hope the Southern States had of an open alliance with England and France.
The Banksters took a new approach. They focused their efforts at regaining control of Congress and the Republican Party. Money is the “milk-blood” of politics, and they prevailed. Lincoln was forced into a series of compromises near the end of the Civil War that doomed any chance of economic independence from the Bank of England and her minions in the US. In the words of the Chancellor of Germany (Otto Von Bismarck): Read More Here
(FinanceMyMoney) – Controlling the wealth of America – top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Social Security for half of their income – Read More Here
(Bloomberg) – Romanian Recession Deepens on Cuts, BOA Merrill Says – Read More Here
(247WallSt) – American Credit Scores Crash To New Lows – Read More Here
REPOST – (CNNMoney) – Central banks start to abandon the U.S. dollar – Read More Here
(PaulWatson) – American Idolatry Intensifies as Nation Sinks in to Depression
Programmed zombies get hysterical about basketball while their future is being destroyed Read More Here
(ZeroHedge) – Berlin Pushing For European Bankruptcy Framework With Provision For State Sovereignty Give Up
The big news out of Europe this morning, and the reason for the drag on the euro is an article in Der Spiegel, “Merkel’s rules for bankruptcy” according to which Germany is now actively (and very secretly) pushing for a plan outlining a set of insolvency rules, which would require that private investors bear a portion of the rescue burden, and much more importantly, would see at least a partial give up in state sovereignty, where a new insolvency trustee (the “Berlin Club”, which we fail to see at least for now, how it differs from the Paris Club) would take implicit control over and override a default nation’s treasury, in essence pushing the bankrupt country into a form of Feudal vassal state-cum-reparations subservience. Welcome to financial warfare in the post-globalization period. Read More Here
(InfoClearingHouse) – Fix the Economy? We Have Know-how – Mike Whitney
There are remedies for recession, and the remedies are well known. But fixing the economy requires special medicine, fiscal stimulus, and if the patient does not take the medicine, he will not improve. It’s not enough to have the medicine sitting on one’s nightstand. It must be ingested before recovery can begin. Read More Here
(KeeneSentinel) – More Poverty By Any Measure
More than 15 million Americans are unemployed, homelessness has increased by 50 percent in some cities, and 38 million people are receiving food stamps, more than at any time in the program’s almost 50-year history. Evidence of rising economic hardship is ample. There’s one commonly used standard for measuring it: the U.S. Census Bureau’s poverty rate. It guides much of federal and state spending aimed at helping those unable to make a decent living. Read More Here
(FirstPost) – The big crash – America plunges into Depression – Read More here
(Telegraph) – EU to spend £1bn on pensions for retired eurocrats in 2010
The European Union will this year spend almost £1 billion on pensions for officials, giving the average retired eurocrat an income of almost £60,000, according to research carried out by the Daily Telegraph. Read More Here
(MailOnline) – Blair African charity run by banker linked to US toxic loan fraud – Read More Here
(NYTimes) – Crisis Awaits World’s Banks as Trillions Come Due
The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much notice: the trillions of dollars in short-term borrowing that institutions around the world must repay or roll over in the next two years. Read More Here
(CounterPunch) – The Worst of Times, the Best of Times
It’s the worst of times. America is plunging back into Depression. Only one out of every two Americans of working age has a job. Forty years ago that would have been okay. Dad went to the factory. Mom stayed at home to mind the kids. These days, just to keep the show on the road, mom and pop both work and the kids get daycare. Read More Here
(Gaurdian) – Tighter banking rules will drain £1tn from financial system, study shows
Banks are drawing on research conducted by PricewaterhouseCoopers which shows two percentage points would be sliced off economic growth Read More Here
(Telegraph) – Secret gold swap has spooked the market
IT takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion Read More Here
(WashingtonPost) – Obama’s debt commission warns of fiscal ‘cancer’
The co-chairmen of President Obama’s debt and deficit commission offered an ominous assessment of the nation’s fiscal future here Sunday, calling current budgetary trends a cancer “that will destroy the country from within” unless checked by tough action in Washington. Read More Here
(AFP) – More and more Americans preparing for social unrest – Read More Here
(RawStory) – Sen. Kyl: $678-billion tax break for rich should not be offset
Sen. Jon Kyl, Republican of Arizona, believes that any extension to unemployment benefits “ought to be paid for.” But when it comes to the $678-billion cost of extending the Bush-era tax cuts for the wealthy, the senator says no offsetting is necessary. Read More Here
(KurtNimmo) – Video: Dollar Devaluation and Destruction of America Pick Up Steam
Back in January Lindsey Williams’ insider sources told him the dollar will be devalued within a year. In response, oil and food prices will rise significantly and the elite and banksters will move assets into gold and silver. Continue reading →
(Money&Markets) – China’s Currency Manipulation: About to Cause a Global Explosion? – Read More Here
(Guardian) – UK’s first ‘conservation credit’ scheme launched – Read More Here
(Fox) – Video: Freedom Watch – Who Owns the Gold in Ft. Knox?
Ludvig von Mises Institute Chair Lew Rockwell on auditing the Federal Reserve
(CNBC) – Video: Steve Wynn Takes On Washington
Steve Wynn, a casino resort/real-estate developer who has been credited with spearheading the dramatic resurgence and expansion of the Las Vegas Strip, talks about the Fall of America. Video Link Here
(GlobalResearch) – The European and U.S. Economies: Falling Dominoes – Shamus Cooke
Attempting to fix an unfixable problem can create new problems. Why is the global economy unfixable in the current context? For one, the cause of the depression is never mentioned in the mainstream media or politicians. And when a disease is misdiagnosed, a prescribed medication creates new afflictions.
Massive, bad debt is often cited as the cause of the global depression, but whythis debt existed in the first place is never discussed. Quite simply, the debt was needed to buy the products of corporations that wages once consumed. Over time, corporations drove down wages to out-compete each other while driving up profits, creating the global “demand” for credit, which the banks are now demanding be paid back. Read More Here
(BitsOfNews) – Pol/Econ: Deregulation and the Triumph of Wall Street
One year removed from a catastrophic, global, economic meltdown, and 26 months removed from the start of the credit crisis, our political establishment is either unwilling or unable to reform the system and punish the perpetrators of this debacle. The situation is so far beyond the pale that it makes one wonder if another catastrophe is even avoidable. Read More Here
(ZeroHedge) – Europe: A Continent Of Lies And Broken Promises; How The EU Elite Got It Wrong On The Euro – Tyler Durden
Openeurope.org.uk has put together a paper of the most blatant half-truths, propaganda, and outright lies, abused by Europe not only over the past month, but also over the past 10 years, for the entire duration of the now rapidly collapsing eurozone experiment. Read More Here
(Bloomberg) – Dow Ends Worst May Since 1940 On Spain Debt Downgrade, Korea Tensions
U.S. stocks slid, capping the worst May for the Dow Jones Industrial Average since 1940, while the euro slumped and Treasuries rose as a downgrade of Spain’s debt rating and escalating tensions on the Korean peninsula triggered a flight from riskier assets. Read More Here
(Rasmussen) – 80% Favor Auditing the Federal Reserve
Eighty percent (80%) of Americans now agree with Congress that auditing the Federal Reserve Board is a good idea, according to a new Rasmussen Reports national telephone survey.
Just nine percent (9%) oppose an audit of the Fed, and 12% more are not sure. Read More Here
(CSPAN) – Video: Moonbat Bachmann complains about $2 billion for raises for Americans – says we can’t afford it
Wait a minute – don’t we pay FAR more every year to a foreign terrorist country that has attacked us?
She doesn’t hesitate repeating the neocon lie about government workers making more than those in the private sector. She does not compare those with the SAME position as she claims – she uses “averages.” Well, government does not hire burger flippers. It is the new attack on the Middle Class – government workers are that, by and large. Video Link Here
(Examiner) – Ellen Brown: US economic reform creates full-employment, renewed infrastructure, zero national debt
Attorney and author of the brilliant Web of Debt, Ellen Brown, is among the leading US advocates of monetary reform and state-owned banks. Among Ellen’s articles is one worth highlighting for how quickly a national economy can turn from ruin to astounding productivity: Nazi Germany’s direct creation of money to pay for public goods and services. Read More Here
(PostGazetta) – Port Authority warned of layoffs, route cuts without more state aid – Read More Here
(RedactedNews) – Insider Trading Is Perfectly Legal – But Only For Members Of The U.S. Congress – Read More Here
REPOST – (CNBC) – Dollar Primed for Collapse by End June: Charts
The dollar’s recent strength has been explained by most market analysts as a result of the euro weakness rather than any fundamental support for the greenback. In fact, a closer look at the dollar’s chart – particularly the dollar index – suggests the currency may be primed for a collapse. Read More Here
(Money&Markets) – Credit Crisis Indicators Going Bonkers Again! Batten Down the Hatches!
Heads up people. Something very big is happening in the global credit markets — something you darn well better pay attention to. Read More Here
(EconomicPolicyJournal) – It’s the Bailout of the Banksters Before Greece Is Taken Down
WSJ has a remarkably to the point story explainning why Greece will end up restructuring, but that there will be a delay until the banksters are protected: Read More Here
(Boston) – Romania to cut wages despite strike threat
Romania will go ahead with sweeping wage, pension and benefits cuts despite unions’ threats to stage a general strike, Prime Minister Emil Boc said Wednesday. Read More Here
(DSNews) – Federal Reserve’s MBS Purchases Could Lead to Record Earnings of $70B – Read More Here
(TheEconomicCollapse) – The Depression Of 2011? 23 Economic Warning Signs From Financial Authorities All Over The Globe
Could the world economy be headed for a depression in 2011? As inconceivable as that may seem to a lot of people, the truth is that top economists and governmental authorities all over the globe say that the economic warning signs are there and that we need to start paying attention to them. The two primary ingredients for a depression are debt and fear, and the reality is that we have both of them in abundance in the financial world today. In response to the global financial meltdown of 2007 and 2008, governments around the world spent unprecedented amounts of money and got into a ton of debt. Continue reading →
It’s time to recognize “leadership” of both parties are the Left and Right arms of one oligarchic political body. The proper academic label for this government, not even close to a constitutional repubulic, is fascism.
The US government is run by dicts, as in dictatorship; doing whatever they dictate and unlimited by rule of law.
(KurtNimmo) – I defended Rand Paul when the Democrat operative Rachel Maddow tried to take him to the woodshed over this remarks about the Civil Rights Act (remarks he has in part retracted in response to the collective lib howl amplified over the corporate media megaphone). Paul said that while he abhors racism the law violates the property rights of the individual.
Paul was spot on about that.
Paul has made other comments, however, that deserve attention. It appears Paul is an Israel cheerleader not much different than the neocons who have dogged him since he announced his bid for a Senate seat. As unfair as that may seem, please bear with me and keep reading. Continue reading →
(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
(Examiner) – Funny or Die stated the obvious in their SNL Presidents’ reunion to promote consumer protection regulation: banksters have trillions of dollars, are not regulated and rip us off, and it’s time for public and political leadership to take them on.
They included banksters are weasels and President Obama needs to “grow a pair,” but I’ll let them present that argument in the below 5-minute video.
The essential policy change is maximizing benefits for credit and money creation for the public rather than its current status as parasitized industries run by an unregulated cartel.
Here are the obvious solutions We the People need to understand and have enacted: View Video Here
The election of Republican Scott Brown to the U.S. Senate by Democratic voters in Massachusetts sends President Obama a message. Voters perceive that Obama’s administration has morphed into a Bush-Cheney government. Obama has reneged on every promise he made, from ending wars, to closing Gitmo, to providing health care for Americans, to curtailing the domestic police state, to putting the interests of dispossessed Americans ahead of the interests of the rich banksters who robbed Americans of their homes and pensions.
(PaulCraigRoberts) – Goldman Sachs senior executives are arming themselves with New York gun permits, according to Alice Schroeder on Bloomberg.com. The banksters “are now equipped to defend themselves if there is a populist uprising against the bank.” Continue reading →
(Examiner) – “Ironically, hedge funds trading oil are not doing anything very different than the large investment banks such as Goldman Sachs, Bank of America, or Morgan Stanley already do. The proprietary trading desks of these and other large investment banks are actually ‘hedge funds in drag,’ just as Enron was.” — Peter C. Fusaro and Gary M. Vasey, Hedge Funds Change Energy TradingContinue reading →
The stats and growth prognostications from tout television, New York banksters, our Federal Reserve, U.S. Treasury, and various U.S. Government fiscally incestuous cabal members are replete with liars, exaggerators, and crooked politicians. The U.S. Government and several others are economically dead; they just haven’t admitted it yet. Continue reading →
Evidence that the US is a failed state is piling up faster than I can record it.
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests. Continue reading →
The latest endeavor of Alex Jones, Fall of the Republic, will make you angry.
How can it not? It lays out in precise detail the long-running plot by a cabal of global elitists to take over the world and deliver humanity into grinding slavery and usher in a new Dark Age. Continue reading →
A private but extremely influential silent individual, Dr. Michael Van de Meer is the person predicting a financial collapse of the United States starting on September 30th. That is the end of the fiscal year and the final date for payments the Federal Reserve Board wants to act, but cannot, because it is in a catatonic state, as the leaders of every state in the world is. Continue reading →
The AP reports (via The Washington Post) that “European countries have stressed the role that excessive payouts to banking executives played in the current crisis by fueling risk-taking, and called for bonuses to be severely curbed”, which doesn’t seem to make sense with a $645+ trillion derivatives bubble. Continue reading →
Dr. Nancy Snyderman, billed as chief medical editor at NBC News, says when the HHS bureaucrat Kathleen Sebelius speaks, we have to listen. Snyderman tells the talking heads on MSNBC that we should all line up and take our eugenics soft kill H1N1 vaccine. Continue reading →
Here is a chart released by the government that claims to show the percentage of unemployed people in the United States as of July, 2009. It is a fictional snapshot of the actual number of unemployed and under-employed people. Continue reading →
Texas Congressman Ron Paul, the driving force behind HR 1207, legislation that would see an audit of the Federal Reserve, joined Alex Jones live on air yesterday to provide a short update on the progress of the bill. Continue reading →
Many people seem genuinely baffled that western governments are hyping the arrival of a swine flu pandemic as if it’s the greatest threat to humanity since the bubonic plague, despite the relatively low number of deaths from the virus, unaware that the pharmaceutical industry has been intimately joined at the hip with the state for decades. Continue reading →
Many people are raised with an orientation, indeed an imperative sense, that puts compassion and ethics — ones values and principles — as central to their dealings with others. This foundation becomes part of their identities and shapes the directions that their lives take. Continue reading →
On June 23, 2009, Lorenzo Bini Smaghi of the European Central Bank, gave a speech at the Aspen Institute Italia called ‘The world after the crisis: Designing the future. A monetary order for the XXI century.’ Continue reading →
It’s like manna from heaven for the corporate media. Michael Jackson, the “King of Pop,” and Farrah Fawcett, the “It Girl,” have died on the same day. Details of these two tragic events will now dominate the media for more than a week and push vastly more important events into the shadows. Continue reading →
“On the night of June 24, the media and government become one, when ABC turns its programming over to President Obama and White House officials to push government run health care,” reports Drudge. Continue reading →
Last week the American Civil Liberties Union of Northern California issued a press release demanding the Department of Defense stop teaching employees that dissent is a form of low-level terrorism. Continue reading →
The power of irrational fear in the US is extraordinary. It ranks up there with the Israel Lobby, the military/security complex, and the financial gangsters. Indeed, fear might be the most powerful force in America. Continue reading →
The military/security complex that rules America, together with the Israel Lobby and the financial banksters, needs a long list of dangerous enemies to keep the taxpayers’ money flowing into its coffers. Continue reading →
In a little more than a decade, Credit Default Swaps (CDS) have ballooned into a multi-billion dollar industry which has changed the fundamental character of the financial system and increased systemic risk by many orders of magnitude. Continue reading →
Americans no longer know what freedom is. Historically, the definition of a free person is one who owns his own labor. Serfs and slaves were not free, because they do not own all of their own labor. Continue reading →
Obama and his public relations team have made it appear that his trillion dollars in higher taxes will fall only on “the rich.” Obama stresses that his tax increase is only for the richest 5 percent of Americans while the other 95 percent receive a tax cut. Continue reading →