(OpinionMaker) – WMR previously reported on the CIA links of President Obama’s mother, father, step-father, grandmother to the CIA. Not much is known about Obama’s grandfather, Stanley Armour Dunham, who Obama mistakenly referred to as “his father” in two speeches, one recently to the Disabled American Veterans.
What is officially known about Stanley Armour Dunham is that he served with the 9th Air Force in Britain and France prior to and after the D-Day invasion. After the war, Dunham and his wife, Madelyn and his daughter Stanley Ann — Obama’s mother — moved to Berkeley, California; El Dorado, Kansas; Seattle; and Honolulu. Armour Dunham is said to have worked for a series of furniture stores. Continue reading →
Alex talks with David MacMichael, a former CIA analyst who also served as an analyst for the National Intelligence Council from 1981-1983. MacMichael resigned from the CIA in July 1983 because he felt the Agency was misrepresenting intelligence for political reasons. He is a member of Veteran Intelligence Professionals for Sanity, founding member of Association of National Security Alumni and the Association for Responsible Dissent, and an outspoken critic of the Iraq War. Mr. MacMichael talks with Alex about the impending attack on Iran. Continue reading →
(OpinionMaker) – WMR has discovered CIA files that document the agency’s connections to institutions and individuals figuring prominently in the lives of Barack Obama and his mother, father, grandmother, and stepfather.
President Obama’s own work in 1983 for Business International Corporation, a CIA front that conducted seminars with the world’s most powerful leaders and used journalists as agents abroad, dovetails with CIA espionage activities conducted by his mother, Stanley Ann Dunham in 1960s post-coup Indonesia on behalf of a number of CIA front operations, including the East-West Center at the University of Hawaii, the U.S. Agency for International Development (USAID), and the Ford Foundation. Dunham met and married Lolo Soetoro, Obama’s stepfather, at the East-West Center in 1965. Soetoro was recalled to Indonesia in 1965 to serve as a senior army officer and assist General Suharto and the CIA in the bloody overthrow of President Sukarno. Read More Here
(PrisonPlanet) – “They (the Gods) all want me to give them something to drink. They have worked well for me. They have helped me. Now they are all hot. They’re thirsty. They want to drink. They want to drink blood. Then I drink blood. I swallow it. I give it to them. And that quiets them. That calms them. That refreshes them...”
From La Psychologie religieuse des Achumawi: Description of an ancient sacrificial rite performed by an Achomawi-shaman.
In their June, 2010 magazine-issue, the Dutch Central Bank portrayed mass-murderer Mao Zedong arrogantly on the cover. By blatantly depicting the mass-murderer’s face the Bankers not only dance on the graves of the dictator’s victims, they’re dancing on the graves of their own victims- asMao was directly put in power by the global bankers. Besides being directly responsible for the murder of at least 20 million people, Mao was also in the habit of kidnapping, raping en murdering young women for his royal pleasure. These historical facts have not deterred the Dutch Central Bank.
This is just one example of the unbridled hubris with which the banks throw their blood-lust in your face. But the blood-lust is more than lust. It’s a belief-system, a cult, that has infiltrated politics, economics, military and, last but not least, science. Continue reading →
(GlobalResearch) – The Central Intelligence Agency(CIA) has confirmed the worst fears of its creator President Harry Truman that it might degenerate into “an American Gestapo.” It has been just that for so long it is beyond redemption. It represents 60 years of failure and fascism utterly at odds with the spirit of a democracy and needs to be closed, permanently.
Over the years “the Agency” as it is known, has given U.S. presidents so much wrong information on so many critical issues, broken so many laws, subverted so many elections, overthrown so many governments, funded so many dictators, and killed and tortured so many innocent human beings that the pages of its official history could be written in blood, not ink. People the world over regard it as infamous, and that evaluation, sadly for the reputation of America, is largely accurate. Besides, since President Obama has half a dozen other major intelligence agencies to rely on for guidance, why does he need the CIA? In one swoop he could lop an estimated 27,000 employees off the Federal payroll, save taxpayers umpteen billions, and wipe the CIA stain from the American flag. Continue reading →
(VeteransToday) – The Central Intelligence Agency(CIA) has confirmed the worst fears of its creator President Harry Truman that it might degenerate into “an American Gestapo.” It has been just that for so long it is beyond redemption. It represents 60 years of failure and fascism utterly at odds with the spirit of a democracy and needs to be closed, permanently. Continue reading →
(CNN) – The director of the National Counterterrorism Center says the U.S. government believes that U.S.-born cleric Anwar al-Awlaki had “a direct operational role” in the attempt to bring down an airliner bound for Detroit, Michigan, on Christmas Day.
Al-Awlaki is thought to be in Yemen. U.S. officials have said he had contact with Umar Farouk AbdulMutallab, who tried to ignite a bomb concealed in his underwear aboard the Northwest Airlines flight.
Speaking to the Aspen Security Forum on Wednesday, Michael Leiter did not confirm that al-Awlaki is on a CIA hit list, but told the seminar, “If someone like Anwar al-Awlaki is responsible for part of an operation to try to kill more than 300 people over the city of Detroit, I think it would be wholly irresponsible for individuals like me, or (CIA Director) Leon Panetta, for Secretary (of Defense Robert) Gates and ultimately the president, not to at least think about and potentially direct all elements of national power to try to defend the American people. I think that is what the American people expect.” Read entire article
(InfoClearingHouse) – Consumer Spending is Flat, Unemployment is Rising: The Case for a Second Round of Economic Stimulus – Mike Whitney – Read More Here
REPOST – (CNBC) – Soros Says Germany Could Cause Euro Collapse
German’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday. Read More Here
(BusinessInsider) – Deutsche Bank: U.S. Financial Conditions Just Collapsed Back To Crisis Levels
Financial conditions appear to have worsened substantially in recent quarters based on our update of the broad index of US financial variables presented earlier this year at the US Monetary Policy Forum. In the wake of recent developments in Europe, increased stress in financial markets has pushed that index halfway back to its immediate post- Lehman crisis lows. Read More Here
(BeforeItsNews) – Russia buys 16 percent of global gold production
According to the Russian Central Bank, Russian gold reserves just hiked 1.1 million ounces in May. Given global mining production is just 6.8 million ounces a month, this represents 16.1% of monthly global mining production.
This is the largest one month purchase of gold by the Russian Central Bank, which has been buying gold at a rate of 250,000 ounces a month for the past three years, and comes just as Putin is pushing for a single world currency and last week revealed the currency’s first proof coin. Read More Here
(GlobalResearch) – Financial Crisis Conducive to Instability of Asia’s Currency Markets: South Korea Imposes Currency Controls – Read More Here
(GlobalResearch) – “Dying Detroit”:: The Impacts of Globalization. Social Decay and Destruction of an Entire Urban Area – Read More Here
(GlobalResearch) – The Gold Market: When Will the SEC Prosecute for Market Rigging? – Read More Here
(Telegraph) – Lord Rothschild fund joins World Gold Council to put £12.5m into BullionVault
Tim Levene of Augmentum Capital, a fund backed by Lord Rothschild’s RIT Capital Partners, said the investment was not a bet on the gold price but on “the future growth of the BullionVault platform”, which stores physical gold for private clients in London, New York and Zurich. RIT currently has 9pc of its assets in physical gold. Read More Here
(FoxBusiness) – New Home Sales Fall 33% in May to Record Low
The U.S. housing market is in crisis.
A day after a disappointing read on the market for existing homes, the government said Wednesday that sales of new homes fell to their lowest level on record last month, a potentially crushing blow for an economy that is still looking for its footing. Read More Here
(PragCap) – Russell: This is One of the Largest Tops in Stock Market History
Mr. Russell thinks we might be on the verge of a terrible collapse:
“We’re now in the process of building one of the largest tops in stock market history. The result, I think, will be the most disastrous bear market since the ‘30s, and maybe worse. Read More Here
(VoiceInTheWilderness) – Is America Destined to Starve?
Americans are no longer prepared to take care of their basic needs without the involvement of the federal government. The majority of Americans have relinquished the responsibility of their future survival to bureaucrats. How and when did we, as an intelligent and formerly self-reliant populace, decide to become wards of the state? Read More Here
REPOST – (LATimes) – Video: California city to lay off all city employees, dismantle Police Department – Video Link Here
A stock market rebound helped the world’s ranks of millionaires climb 17 percent to 10 million, while their collective wealth surged 19 percent to $39 trillion, nearly recouping losses from the financial crisis, according to the latest Merrill Lynch-Capgemini world wealth report. Read More Here
(DealBook) – Despite U.S. Plea, European Bank Pushes Austerity – Read More Here
(RoySpencer) – The Global Warming Inquisition Has Begun – Read More Here
(FinancialTimes) – Obama to push climate change on back of BP spill
Barack Obama will on Wednesday make a renewed push to spur the US Senate into action on climate change, saying the BP oil spill underlines the urgency for the country to lessen its dependence on fossil fuels. Read More Here
(MyBudget360) – Middle class shackled by banking debt chains. 113 million households each owe an average of $113,000 in banking debt for mortgages, student loans, credit cards, and auto loans. $45 trillion in household sector debt, government debt, and domestic financial sector debt Read More Here
(AP) – More borrowers in trouble despite federal help
Result could be a new wave of foreclosures as thousands exit program – Read More Here
(RawStory) – US economy still in ‘incredibly difficult period’: Geithner – Read More Here
(TIME) – Inside the Dire Financial State of the States – Read More Here
(Infowars) – The Difference Between Economic Policy and Monetary Policy Read More Here
(Cryptogon) – Video: Chinese Manufacturers Looking to Replace Workers with Machines – Video Link Here
(Infowars) – When will the SEC prosecute for market rigging? – Read More Here
(NYTimes) – Rats Jumping Ship: Orszag Leaving as Budget Director
Peter R. Orszag will leave his job as the White House budget director in July, according to someone familiar with his plans, making him perhaps the first official to leave the Obama Cabinet and removing a major player from President Obama’s economic team. Read More Here
(NewsBusters) – Hoyer Nixes Middle Class Tax Cut, Says Too Expensive – Read More Here
(LATimes) – Maywood to lay off all city employees, dismantle Police Department – Read More Here
(BusinessWeek) – Osborne Increases U.K. Value-Added Tax Rate to 20% (Update1) – Read More Here
(CorbettReport) – Video: The Meaning of “Austerity”
“Austerity” is one of those Orwellian terms that has been injected into our political discourse precisely because it is a nice-sounding word for a very painful reality. “Austerity” implies discipline, self-restraint, even nobility. “Austerity” is prudent. “Austerity” is modest. “Austerity” is a virtue. It is an end in itself.
If the IMF or the European Central Bank come to the people of a collapsing European nation and tell them to sacrifice their pensions and their savings and their very standard of living all for a debt that their government has fraudulently racked up in their name, no one would go for it, and rightly so.
But tell those same people that they need to implement “austerity measures” in order to “get back on their feet” economically, and many will be willing to live in the harshest of conditions, content to put up with the dismantling of their nation itself in the vain hope that by giving more power to the international financial institutions they can somehow avoid economic collapse. Continue reading →
(Newsone) – With the recent violence in Jamaica and the controversy over alleged drug lord, Christopher “Dudus” Coke, many people are talking about the infamous Jamaican Shower Posse and the neighborhood of Tivoli Gardens, where they have their base. What is being ignored largely by the media, is the role that the American government and the CIA had in training, arming and giving power to the Shower Posse.
It is interesting that the USA is indicting Christopher “Dudus” Coke, the current leader of the Shower Posse for drug and gun trafficking, given that the CIA was accused of smuggling guns into Jamaica and facilitating the cocaine trade from Jamaica to America in the 70s and 80s. In many ways Dudus was only carrying on a tradition of political corruption, drug running, guns and violence that was started with the help of the CIA. Continue reading →
(Reuters) – Moody’s Cuts Greece Government Ratings to Junk
Moody’s on Monday downgraded Greece government bond ratings into junk territory, citing the risks in the euro zone/IMF rescue package for the debt-laden country. Read More Here
(InfoClearingHouse) – Bulging Inventory Signals Next Leg Down in Housing – Mike Whitney
Did the Federal Reserve collude with the big banks to hold millions of houses off the market until the Fed finished adding $1.25 trillion to the banks reserves? Did the Fed do this to make it appear that its bond purchasing plan (quantitative easing) was stabilizing prices when, in fact, it was the reduction in supply that stopped prices from plunging? It sure looks that way. This is from Bloomberg News: Read More Here
(HuffingtonPost) – “Dr. Death Says The U.S. Is Really, Really Sick.”
According to Roubini, for the US, the second half of 2010 will be worse than the first. US industrial capacity has fallen from 70 to 65%. Restocking depleted inventories is complete.
The United States, 25% of the global economy, can’t rein in its spending or cut debt. President George Bush inherited a surplus and went on to create the biggest deficit in US history (excepting WWII). Now, President Barack Obama is making matters worse by piling on more unsustainable debt. Read More Here
(DailyBell) – Doug Casey Revisits the Greater Depression and Explains the Realities of Investing in the 21st Century – Read More Here
(MoneyNews) – Volcker Warns: We Are Running Out Of Time
America is running out of time to fix its huge economic and fiscal problems, warns former Fed chair Paul Volcker, who now heads a financial advisory board to President Obama.
“Restoring our fiscal position . . . sorting out a reasonable approach toward limiting carbon omissions, and producing domestic energy without unacceptable environmental risks all take time,” Volcker writes in The New York Review of Books. Read More Here
(MarketWatch) – Bearish Schultz says hyperinflation may happen suddenly
Commentary: Crash-predicting letter says recovery might not come until 2028 Read More Here
(WPost) – Obama pleads for $50 billion in state, local aid
President Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery. Read More Here
(Bloomberg) – Economy in U.S. Slows as States Lose Federal Stimulus Funds – Read More Here
(PaulWatson) – Central Bank Hid Housing Market Crash Forecast
New revelations concerning how the Irish Central Bank hid data in a 2006 report indicating that a housing market crash was imminent underscores once again how financial elites covered-up signs of the coming economic turmoil in order to exploit the crisis at the expense of the people.
Months before the Irish housing market started to crumble in early 2007, which was followed by a wider collapse in the UK property market, the Irish Central Bank buried data from a crucial report which suggested that a 15 per cent fall in house prices was around the corner. Continue reading →
(HuffingtonPost) – Tier 5: The Despair Of The 99ers
Hundreds of thousands of long-term unemployed people across the country are watching in despair as Congress limps toward a reauthorization of jobless aid programs that won’t even help them.
They are the 99ers, people who have exhausted the maximum 99 weeks of unemployment benefits available in some states. Read More Here
(MotherJones) – Soldier in Iraq Loses Home Over $800 Debt
Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 house—and sold it for $3,500. This is story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy. Read More Here
(ZeroHedge) – Dollar to be Replaced with IMF’s SDR as Reserve Currency?
Jim O’Neill, who did not make any friends within the bear community earlier today, has written an interesting paper on the IMF’s Special Drawing Rights, and whether this hypernational currency can ever become a reserve currency as is, and/or with the CNY as a constituent member. Read More Here
(Globe&Mail) – Greece could set off bigger debt bomb
Let’s play a little game called Disaster. Imagine an event that could trigger a genuine, knock ’em down, worldwide catastrophe. Think of Pearl Harbor, multiplied by 10, or even 100. Read More Here
(BizJournals) – N.C. loses 1,800 more construction jobs
North Carolina lost 1,800 jobs in the construction industry in April, according to a report released Friday. But the study also shows the industry’s nationwide slowdown is beginning to wane.Read More Here
(Bloomberg) – Berlusconi Says $30 Billion of Budget Cuts Needed to Save Euro – Read More Here
(AmericanThinker) – Folly Central: Obama Considers Another Stimulus
Another stimulus. That’s right. You read correctly. The U.K.’s Telegraph reports that dour President Obama and his cadre of thick-headed left-wing ideologues are weighing additional borrowing. This time to the tune of $200 billion. Paltry when stacked against the trillions in debt the nation is already massing? Can you say the “tyranny of compounding interest?” Read More Here
(BusinessInsider) – The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’
The negative take is that this crashing money supply will lead to both deflation and a double dip recession: Read More Here
(EconomicPolicyJournal) – Subprime Goes to College: $300 Billion in Defaults Coming
Mike O’Rourke (Via ZeroHedge) has a nice summary of yesterday’s Ira Sohn Research Conference.
Of note was Frontpoint’s Steve Eisman, who has spotted another private sector industry that is in bed with government big time ,that is taking advantage of the poor, and will collapse. Here’s O’Rourke’s report on Eisman’s speech: Read More Here
(TaxProf) – Gird Your Loins: IRS ‘Wealth Squads’ Are on the Way
Newly created exam teams will scrub wealthy taxpayers’ hedge funds, trusts and foreign accounts. Read More Here
(DailyFinance) – BankWatch: TARP Investments Lead to Huge Losses for U.S. Treasury
As struggling banks get acquired or fail, the U.S. Treasury is shouldering a growing burden: Its investments in TARP are turning out to be a bust, leading to huge losses. And there are signs of more trouble ahead. Read More Here
(WashingtonPost) – 100,000 teachers nationwide face layoffs
Senior congressional Democrats and the Obama administration scrambled Wednesday to line up support for $23 billion in federal aid to avert an estimated 100,000 or more school layoffs in a brutal year for education budgets coast to coast. Read More Here
(InfoClearingHouse) – Credit Storm in Europe; Politics on Capital Hill – Mike Whitney
Credit market turmoil in the Eurozone has ignited frenzied trading on global markets. On Tuesday, shares tumbled nearly 300 points on the Dow Jones before launching an unconvincing 257-point late-day comeback. Wednesday the mayhem continued; all the major indexes seesawed wildly as positive news on durable goods was nixed by reports on wobbly EU banks. Read More Here
(HuffingtonPost) – The Cult of Subprime Central Bankers
The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the collapse of the housing bubble. Read More Here
(WSJ) – Banks Trim Debt, Obscuring Risks
Three big banks—Bank of America Corp., Deutsche Bank AG and Citigroup Inc.—are among the most active at temporarily shedding debt just before reporting their finances to the public, a Wall Street Journal analysis shows. Read More Here
(Fox) – Video: Freedom Watch – Reigning in National Debt
May 26 – What role did supply-side economics play in creating U.S. deficit? Continue reading →
(CNN) – Once a dapper Beverly Hills attorney known for his bow tie, Richard Fine has been held in solitary confinement at Los Angeles County Men’s Central Jail for 14 months, even though he’s never been charged with a crime. Video Link Here
(C4L) – The spotlight remains on the Greek sovereign debt crisis as the riots continue. The terms of the Greek bailout from the IMF and Eurozone countries remain contentious with citizens on all sides. Europeans hate having their governments throw public money away as much as Americans do. The Greeks are not happy about having their taxes raised while their pensions and salaries are cut. Meanwhile, it is rumored by the Financial Times, AFP and others that Greece may spend more than it saves from austerity measures on arms deals with Germany, France and the US as a potential condition of receiving bailout funds. If true, it is certainly not unprecedented for the global military industrial complex to benefit from deals made by their friends in the central banking community. After all, war is the health of the state. The last thing big government proponents want is for peace to break out in the world. Continue reading →
(ChartingStocks) – Why Gold And The Dollar Are BOTH Rising
An unusual dynamic has taken shape over the last few months – Both the US Dollar and Gold have been rising together. Normally, such a movement would seem counter intuitive as Gold is a commodity and commodities tend to move in the opposite direction of the US dollar. Read More Here
(FT) – Financial Crises Getting Worse Worldwide
The pace and severity of financial crises has taken an ominous turn for the worse. Over the past 30 years, a crisis has occurred, on average, every three years. Yet, now, only 18 months after the meltdown of late 2008, Europe’s sovereign debt crisis has hit with full force. With one crisis seemingly begetting another, and the fuse between crises now getting shorter and shorter, the world economy is on a very treacherous course. Read More Here
(Reuters) – Sears and Kmart to offer cash-for-gold service
Sears Holdings Corp (SHLD.O), which expanded its layaway program to help cash-strapped consumers pay for purchases during the recession, is now helping its customers exchange their jewelry for cash as gold prices soar. Read More Here
(Bloomberg) – `There’s No Money Left,’ U.K. Minister Learns From Predecessor
Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job. “Dear Chief Secretary, I’m afraid to tell you there’s no money left,” Laws cited it as saying.Read More Here
(Bloomberg) – ‘There’s No Money Left,’ U.K. Minister Learns
Arriving for work at the U.K. Treasury last week, the incoming chief secretary, David Laws, found a note from his predecessor, Liam Byrne, offering advice on the job.
“Dear Chief Secretary, I’m afraid to tell you there’s no money left,” Laws cited it as saying.
“Which was honest,” Laws, whose position is the No. 2 in the Treasury after the chancellor of the exchequer, told a press conference in London today. “But slightly less than I was expecting.”
The note underscores the task facing Britain’s Conservative-Liberal Democrat coalition as it seeks to reconcile demand for improved health and education services with promises to reduce the largest budget deficit since World War II. Read More Here
(May 16) – Video: Alex Breaks Down “Death of The Middle Class” on Alex Jones Tv Sunday Editon
Alex breaks down the international banking cartels continued plunder of the middle class here in america and how far they will go. – Part 1HerePart 2Here
(TimesOnline) – Germans lose faith in EU
The multi-billion-euro payout for Greece, followed by an even more expensive rescue package for the threatened single currency, has created the greatest political climate change in a generation. Read More Here
(Bloomberg) – Stocks, Euro Plunge on Concern Austerity Plans to Curb Recovery
Asian stocks fell the most in almost six months, led by the Shanghai Composite Index’s 5 percent plunge, the euro dropped to its lowest against the dollar since 2006 and the cost of insuring bonds from default jumped on concern European austerity measures will derail the recovery. Read More Here
(PaulWatson) – Financial Terrorists Want Global Currency, Global Central Bank
During a recent speech at a conference of elitists in Zurich Switzerland, IMF chief Dominique Strauss-Kahn called for the introduction of a global currency backed by a global central bank which would act as the “lender of last resort” in the event of a severe economic crisis, which would represent another lurch towards fascist centralization of power by financial terrorists busy exploiting the fiscal chaos they created in order to impose world government.
Stating that “crisis is an opportunity,” Strauss-Kahn said that globalists should exploit the financial chaos plaguing the world in order to push for “a new global currency issued by a global central bank”. Read More Here
(BusinessInsider) – Germans Fantasize About New Rich-Nation Currency Bloc That Doesn’t Even Include France
Tonight’s must-read comes from Ambrose-Evans Pritchard at The Telegraph who offers some clear views on why the EU’s big shock & awe rescue plan is not having its desired result — why it hasn’t fully instilled confidence. Read More Here
(EconomicCollapseBlog) – The Extreme Frustration Of Unemployed Americans
When Barack Obama visited Buffalo recently, he was greeted by a billboard advertisement with a very pointed message about unemployment. In just a few words it summarized the frustrations of an entire region. The billboard along I-190 had this very simple message for Obama: ”Dear Mr. President, I need a freakin job. Period. Sincerely, inafj.org.” As word about this billboard got out, it quickly made headlines all over the United States. Why? Well, the truth is that millions of hard working Americans are extremely frustrated about their lack of work right now. When you don’t have a job and you can’t provide for your family, very little else seems to matter. In fact, according to a recent Gallup poll, unemployment is now the second most important issue to American voters. The number one issue is the economy. Read More Here
(AFP) – Euro rescue package ‘just buys time’: Merkel
A trillion-dollar package to shore up ailing eurozone economies merely buys time until the deficits of certain members of the 16-member zone are cleaned up, German Chancellor Angela Merkel said Sunday. Read More Here
(SilverBearCafe) – Rigging the Markets – How They Do It
While the rest of the financial world struggles, it might seem strange that four of the largest US banks have made record profits this past quarter – and not just on average, but every single trading day. Too good to be true? Indeed. Read More Here
(HuffingtonPost) – Detroit’s Unemployment Rate Is Nearly 50%, According to the Detroit News
As many have noted, the Bureau of Labor Statistics, which culls federal unemployment data, does not account for all of the jobless in its widely-quoted national unemployment figures. Among those omitted: part-time workers who are looking for full-time jobs and frustrated job seekers who abandon their job search altogether. Read More Here
(BeverlyHillsCourier) – Flood Of Calif. Businesses Abandon State
Numerous California businesses are packing up their bags and trading in the blue skies and hot weather to head east.
The Courier obtained a copy of the businesses leaving California this year. They are: Read More Here
(SKOptionsTrading) – Where next for Gold?
So far in 2010, all eyes in the gold market have been looking up at $1225 wondering whether gold get back to that all time high? Now that question has been answered yet another arises, where next for gold? Read More Here
(SteveWatson) – Video: Ron Paul – Those Who Voted Against Audit The Fed Will Pay The Price
Texas Congressman Ron Paul appeared on CNBC’s Squawk Box earlier today to discuss the financial crisis and his ongoing effort to audit the Federal Reserve.
Paul, speaking publicly for the first time since the Senate passed a watered down version of his HR1207 amendment to fully audit the Fed, said that those who had essentially voted for more Fed power would see repercussions. Continue reading →
Former CIA officer and presidential advisor Ray McGovern discusses how the “enabling act” needs to be rescinded in order to get America back on a constitutional basis and how the restoration of habeas corpus is vital to rescuing freedom in the United States. Continue reading →
(KurtNimmo) – In an amazing propaganda segment, Fox News’ Gerald Rivera talks with an occupation soldier about U.S. support of the opium trade in Afghanistan. The soldier tells Rivera he does not like supporting Afghan opium production. The U.S., he insists, has turned a blind eye to the cultivation because it is a cultural thing. He’d rather the Afghans grow watermelons. Continue reading →
(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.
(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 →
(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 →
(InfoClearingHouse) – March 24th of this year was the thirtieth anniversary of the assassination of Oscar Arnulfo Romero, the Roman Catholic archbishop of El Salvador.
His killing drew attention to the murderous rampages of death squads in that nation and throughout Central America as no other slaying had, although hundreds of thousands of civilians were slaughtered in El Salvador, Guatemala, Nicaragua and Honduras before and during the 1980s by paramilitary formations usually led by graduates of the U.S.’s School of the Americas and covertly funded by the same nation’s Central Intelligence Agency. Continue reading →
(KurtNimmo) – Obama and the Democrats know you hate the health care takeover. In response, they will spend your money to launch an “immediate public relations blitz aimed at turning around Americans’ opinion of the health-care bill.”
According to the CIA’s favorite newspaper, the Washington Post, the PR propaganda blitz will work in three stages: the immediate aftermath of passage, the months leading up to the midterm election in November; and the next few years leading up to the 2012 presidential election. 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
(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 →
(Gizmodo) – An incident from 2008, brought to light recently by the Washington Post, reveals just how discombobulated our nation’s cybersecurity efforts actually are. A terrorist-tracking forum, created by the CIA and Saudi government, was shut down by the National Security Agency. Continue reading →
(RussiaToday) – A vast network of covert CIA facilities appears to be everywhere in the Middle East, North Africa and Eastern Europe. CIA secret prisons were reported to be operating in Poland and Lithuania, and the controversy over this news has divided Europe and triggered a political crisis in several countries. Are the allegations true? Continue reading →
(RussiaToday) – The CIA is working together with the Taliban? Is this a misprint? Not according to RT contributor Wayne Madsen, he says that is how the US got to the Afghan Talibans number two commander. You may recall last month the CIA and the Pakistanis reported his capture. Continue reading →
(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 →
(FederalJack) – It is interesting to have all these reports of crashing predator drones around the same time as the war drums are beating to attack Yemen and Iran, as well as the CIA telling congress that we are going to be attacked by Al-Cia-Ada within the next 6 months. The same thing happened before 9/11, two drones were said to have crashed so they were removed from the inventory list. If you have investigated 9/11 at all and seen the evidence about flight 77 not hitting the Pentagon then you are familiar with the concept of a drone such as a global hawk hitting the pentagon. My question is this: Are they prepping for 9/11 PT 2? Read More Here
The earthquake in Haiti has been described as “catastrophic”, with Port-au-Prince: ” a capital in ruins, schools, homes, churches, historic buildings and businesses … dozens and dozens gone.”(London) Guardian. The death toll may be as high as two hundred thousand. Whole families have been lost, sometimes just one shattered relative survives, with uncounted traumatised, bewildered orphans in a country where broadly half the population are under fifteen. Hospitals are either destroyed, damaged or have scant or no medication, anaesthetics and surgical necessities. The dead have been buried in mass graves, unidentified, their names known only to their God. Continue reading →
“Not every wrong, or even every violation of the law, is a crime.” Michael Mukasey, US Attorney General.
Lawlessness in government has become the rule of the land. Loyalty to the party superseded the loyalty to the country, which is a déjà vu phenomenon in the archives of fascism. The stench of our political sewage system has contaminated our nation and the world. Mendacity became truth, and manipulation became intelligence and virtue. Continue reading →