For a long time many of us have had very serious suspicions that the prices of gold and silver were being highly manipulated. But now, thanks to the mind blowing testimony of one very brave whistle blower, the blatant manipulation of the world gold and silver markets is being blown wide open. What you are about to read below is absolutely staggering. Once the American people learn how incredibly corrupt the world financial system is, it is going to change everything. The government that we are all trusting to guard the integrity of the financial system is failing to do that job. It turns out that the Commodities Futures Trading Commission has been sitting on solid evidence that the elite banking powers have been openly and blatantly manipulating the price of gold and silver. Even though they were basically handed a “smoking gun”, they have done absolutely nothing with it. But now the information has gone public and the CFTC is red-faced. Continue reading
(EconomyInCrisis) – Jobless Rate: The Truth Bubble?
Can you trust national averages? As bad as the jobless data you hear are, you have not been told the whole truth. If you think the terrible impact of America’s Great Recession is shown by an official unemployment rate of about 10 percent, think again. Read More Here
(SydneyMorningHerald) – China insider sees revolution brewing
China’s top expert on social unrest has warned that hardline security policies are taking the country to the brink of ”revolutionary turmoil” Read More Here
(GlobalEconomicAnalysis) – Short Selling Restrictions “A Great Indicator of Imminent Market Crashes”
Inquiring minds are investigating Fannie Mae’s stunning $72 billion loss for 2009 as well as new short selling curbs. The two are actually related. Let’s take a look. Read More Here
(MarketForceAnalysis) – COMEX Inventory Data Reveal an Alarming Trend
For more than 6 months I have been gathering data released daily by the COMEX concerning delivery notices and inventory levels of gold and silver. This data must be captured and recorded each day as there is no database of historical data available to the general public. Read More Here
(MatterHornAsset) – Soverieng Alchemy Will Fail
When we look at the world economy today, wherever we turn we see a wall of risk. And sadly this is an insurmountable wall with risks that are totally unprecedented in history. Read More Here
(AmericaSpeakSink) – Unemployment Benefits Denied!Over A Million Families Destroyed!
They did it! The government of your nation did it! They just turned their backs on over a million people on unemployment and denied the extensions! Congress, in the most nefarious and pernicious move seen since “post economic collapse period,” has walked away, went home for the weekend and did not extend unemployment benefits to over a million America families. Read More Here
(Telegraph) – California is a greater risk than Greece, warns JP Morgan chief
Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes. Read More Here
Max Keiser talks to Stacy Herbert about how JP Morgan Chase makes more money when more people are forced to use food stamps swipe cards
recorded on January 9th, 2010 Continue reading
The United States does not control its own destiny. Rather it is controlled by an international financial elite, of which the American branch works out of big New York banks like J.P. Morgan Chase, Wall Street investment firms such as Goldman Sachs, and the Federal Reserve System. They in turn control the White House, Congress, the military, the mass media, the intelligence agencies, both political parties, the universities, etc. No one can rise to the top in any of these institutions without the elite’s stamp of approval. Continue reading
(BobChapman) – Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. Continue reading
Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers. Continue reading
(CNN) – JPMorgan Chase’s profits increased more than six fold in the latest quarter, the company said Wednesday, allowing the bank to handily beat Wall Street estimates. Continue reading
In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to take billions in taxpayer bailout dollars in October 2008, threatening that if the banks refused, the government would take their stock shares anyway. Continue reading
War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.
Lenin once said that capitalism would ultimately undo itself, because the entrepreneurs would gladly sell the rope with which they would later be hanged; they’d be too busy counting the profits to see the noose tightening around their necks. Well, somebody is choking right now, but it’s not the “capitalists”. Continue reading
And so the guns come out blazing. The Clearing House Association, another name for all the banks that were bailed out over the past year with the generous contributions from all of you, dear taxpayers, are now threatening with another instance of complete systemic collapse if Bloomberg’s lawsuit is allowed to proceed unchallenged, let alone if any of the “Audit The Fed” measures are actually implemented. Continue reading
Companies that specialize in stock market forecasting and trading—such as Goldman Sachs, Citigroup, Morgan Stanley, and JPMorgan Chase—pay very high salaries to their employee-vendors. New York Attorney General Andrew Cuomo just released data showing that these and other large banks are giving each of their 5000 trader-forecasters bonuses of at least one million dollars. Continue reading
(Bloomberg) – Citigroup Inc., Merrill Lynch & Co. and seven other U.S. banks paid $32.6 billion in bonuses in 2008 while receiving $175 billion in taxpayer funds, according to a report by New York Attorney General Andrew Cuomo. Continue reading
Want to eliminate war? Eliminate the globalist bankers, starting with the Federal Reserve.. Continue reading
A political-economic oligarchy has taken over the United States of America. This oligarchy has institutionalized a body of law that protects businesses at the expense of not only the common people but the nation itself. Continue reading
President Obama’s plan to give the privately-owned and unaccountable Federal Reserve complete regulatory oversight across the entire U.S. economy, which is likely to be enacted before the end of the year, will officially herald the beginning of a new form of government in the United States – an ultra-powerful banking dictatorship controlled by a small gaggle of shadowy and corrupt elitists. Continue reading
Bankers get what they lobbied for, media reports total lack of transparency as “regulation” Continue reading
(Reuters) – U.S. credit card defaults rose to record highs in May, with a steep deterioration of Bank of America Corp’s (BAC.N) lending portfolio, in another sign that consumers remain under severe stress. Continue reading
Peter Schiff exchanges blows with Michael Mussa from The Peter G. Peterson Institute for International Economics. Continue reading
Saturday marked the 65th anniversary of D-Day. Obama was on hand at the Normandy American Cemetery and Memorial in Colleville-sur-Mer in northern France, as was France’s President Nicolas Sarkozy, Britain’s Prince Charles, British Prime Minister Gordon Brown, and Canadian Prime Minister Stephen Harper. Continue reading
(Paul Craig Roberts) – Economic news remains focused on banks and housing, while the threat mounts to the US dollar from massive federal budget deficits in fiscal years 2009 and 2010. Continue reading
(Raw Story) – It doesn’t take a rocket scientist to deduce that the banking and financial services industry has an outsized influence in Congress. Continue reading
They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day. Continue reading
Will the Financial Reforms lead to Change or just Prop up the Status Quo?
It is almost axiomatic to argue that renewal comes out of chaos. And reform and change are born in crisis. Continue reading
THE LEVEL OF PUBLIC IGNORANCE on the topic of the U.S. and world monetary system is astonishing. This is part of the plan, of course, because the monetary elite control not only the financial system but also the news media, the publishing industry, and the educational system. Continue reading
The number of American households threatened with losing their homes grew 24 percent in the first three months of this year and is poised to rise further as major lenders restart foreclosures after a temporary break, according to data released Thursday. Continue reading
Wall Street is in the midst of a huge rally, primarily sparked by two recent occurrences.
The first was the “surprising” announcement that Citigroup, JP Morgan Chase and Bank of America — major “zombie” banks laden with “toxic assets,” on the verge of collapse, and the recipients of billions in government (US taxpayer) bailout money — mysteriously posted profits this year. Wells Fargo, regarded as one of the healthier big banks, and a recipient of $25 billion, also reported a profit last week, rallying the stock markets again before the Easter holiday. Continue reading
(Bloomberg) – The U.S. Federal Reserve has told Goldman Sachs Group Inc., Citigroup Inc. and other banks to keep mum on the results of “stress tests” that will gauge their ability to weather the recession, people familiar with the matter said. Continue reading
Being defeated by debt is as deadly as outright military warfare. Continue reading
A measure of underemployment that counts those people has almost doubled over the past two years, to 15.6 percent, providing a more complete gauge of the labor market’s deterioration. Continue reading
The Plan will leave the same Amount of Toxic Assets In the System, but with Taxpayers now liable for most of the Losses Continue reading
Wells Fargo & Co. Chairman Richard Kovacevich criticized the U.S. for retroactively adding curbs to the Troubled Asset Relief Program, which he said forced the bank to cut its dividend, and called the administration’s plan for stress-testing banks “asinine.” Continue reading
It’s official. Obama thinks you’re an idiot.
Appearing in the Oval Office with the snake oil salesman for world government, British PM Gordon Brown, Obama fielded a question about the stock market. Stocks are starting to look like “potentially a good deal … if you have a long-term perspective on it,” Continue reading
Billionaire Warren Buffett said the economy will be “in shambles” for the rest of this year as financial firms take losses tied to reckless loans made during the housing boom. Continue reading
Hot on the heels of the banking crisis, the employment crisis, and the mortgage/foreclosure crisis, the country is on the verge of experiencing a credit card crisis. Continue reading
It’s Time to Treat America’s Homeowners as Well as We’ve Been Treating Wall Street’s Bankers Continue reading
Only five days into the Obama presidency, members of the new administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions about the financial bailout: Is the president prepared to nationalize a huge swath of the nation’s banking system?
Dec. 9 (Bloomberg) — Alan “Ace” Greenberg, the former Bear Stearns Cos. chief executive officer who is approaching his 61st year on Wall Street, said the investment-banking model he helped pioneer is defunct.
“There’s no more Wall Street,” Greenberg, 81, said last night in an interview on Bloomberg’s “Money & Politics” television program. “That model just doesn’t work because it’s at the mercy of rumors.” Continue reading