Economy

(PhilStockWorld) – Bombshell: Whistleblower Steps Forward On Gold Market Manipulation – Reports Violations to the CFTC

Do we have another Harry Markopolos here, describing in detail the manipulation of the gold market by J.P. Morgan to the CFTC? How does this square with the testimony today from the CFTC Commissioners, who seem to indicate that the markets are functioning extremely well, and that investor can have full confidence in them? Read More Here

Coping With A Personal Financial Crisis – Read More Here

(Rense) – The Scary, Scary Social Security ‘Crisis’ is Back!

The New York Times weighed in today with a dire warning that this year, six years ahead of what had been predicted only a few years ago, the Social Security system would be (cue scary music) paying out more in benefits than it takes in from the payroll tax. The reason for this earlier-than-anticipated event is the Great Recession, the paper explained. Read More Here

(Gata) – A London trader walks the CFTC through a silver manipulation in advance

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so. Read More Here

(Bloomberg) – Hoenig Says Removing Bank Oversight Would Worsen Future Crisis

Federal Reserve Bank of Kansas City President Thomas Hoenig said a proposal to strip the Fed of supervision over 5,000 banks would worsen the next financial crisis by denying policy makers information about the firms. Read More Here

(AIM) – Who’s Behind the Financial Crisis?

The New York Times is quoting a spokesman for George Soros as saying that the well-known hedge fund operator is guilty of no wrong-doing in connection with the financial upheaval currently affecting Greece and Europe as a whole. But Zubi Diamond, author of the powerful new book, Wizards of Wall Street, says the agenda of Soros and other short sellers is clear. Their purpose, he says, is “to loot America and any foreign country which invested in America. Greece was one of them. Iceland was ravaged and annihilated.” Read More Here

(Reuters) – FACTBOX-US current, proposed law on currency manipulation

U.S. senators have introduced new legislation that threatens China with punitive duties if it fails to lift the value of its currency, boosting pressure on the Obama administration to take action under existing law. Read More Here

(USAToday) – Study: Retired couple will need $250,000 for health care

Relief to seniors facing high prescription drug costs is one of the first changes to come under the health care overhaul. But that won’t offset the relentless increase in retirees’ medical expenses. Read More Here

(GlobalResearch) – Financial Fraud in America. Wall Street: The Next Big Fight

In Britain, the police are raiding Hedge Funds to bust insider traders. In America, the Hedge Funds are still raiding us, even as public opinion calls for a crackdown on Wall Street. One recent poll, in a nation that seems so divided on everything, showed 82% for aggressive action. 82%! Read More Here

(NewsDay) – Officials: Obama budget will cut senior housing funds

Funding for elderly housing would be cut in President Barack Obama’s proposed budget for next year in a way that could affect as many as 1,000 low-income seniors living in rental units on Long Island, Sen. Charles Schumer warned Wednesday. Read More Here

(IND) – Berlusconi: Euro ‘screwed everyone’

Silvio Berlusconi launched an astonishing attack on the euro yesterday when he blamed the Europe’s single currency for Italy’s economic woes in the starkest comments to date, saying it “screwed everybody”. Read More Here

(AP) – Video: Does New 10% Tanning Tax Discriminate Against Whites? –

How Did America Fall So Fast?

In 2000, America was described as the sole remaining superpower – or even the world’s “hyperpower”. Now we’re in real trouble (at the very least, you have to admit that we’re losing power and wealth in comparison with China).
How did it happen so fast?

MSM: How human genes become patented

(CNN) – Here’s a little-known fact: Under current law, it’s possible to hold a patent on a piece of human DNA, otherwise known as a gene.

Famed Social Sciences Author Jared Diamond Predicts 49 Percent Chance of Civilization Collapse

Jared Diamond is no doom-and-gloomer; he’s a Pulitzer Prize winning author of thoughtful, carefully researched books about the rise and fall of societies. Diamond is best known for Collapse: How Societies Choose to Fail or Succeed (http://www.amazon.com/Collapse-Soci…) and Guns, Germs, and Steel: The Fates of Human Societies (http://www.amazon.com/Guns-Germs-St…), both of which are among my top-recommended books of all time.