MSM: FBI’s racist shock jock Hal Turner convicted of threatening judges

(AFP) – A US Internet radio host was convicted Friday of threatening to assault and kill three judges who upheld a ban on handguns in Chicago, the US Justice Department said.

Hal Turner, 47, was arrested in June 2009 for an Internet posting that said of the three federal judges who had upheld Chicago’s handgun ban, “Let me be the first to say this plainly: These judges deserve to be killed.” Continue reading

HR 1207 Hall Of Shame

(C4L) – The following U.S. representatives cosponsored H.R. 1207 but voted against Audit the Fed on a motion to return the Dodd-Frank Financial Reform bill to committee and add back in the thorough Audit. View More Here

Microbiologist says human will become extinct within 100 years

(HeraldSun) – We humans are about to be wiped out in a few decades. The grandchildren of many of us will not live to old age.

Hear it from Frank Fenner, emeritus professor of microbiology at the Australian National University and the man who helped eradicate smallpox.

“Homo sapiens will become extinct, perhaps within 100 years,” he told The Australian this week.

“It’s an irreversible situation.” Blame global warming.

But here’s the odd thing. Just three paragraphs into this report announcing the – Oh My God! – end of the world, the reporter and Fenner were off talking about rabbits, Fenner’s writing habits, his bookshelves, his student days, his war service and the weight of the book he wrote on smallpox – 3.5kg, actually. Read entire article

Economy

(CNNMoney) – Hello Chinese exports, good-bye U.S. jobs – Read More Here

(BusinessWeek) – Banks With State Debt Ignore Not-If-But-When Default (Update1)

European banking shares indicate a Greek debt default may be just a matter of time. Read More Here

(AP) – Japan PM warns of Greece-like debt crisis

Japan could face a financial mess like the one that has crippled Greece if it does not deal urgently with its swelling national debt, the new prime minister warned Friday. Read More Here

(SeekingAlpha) – Soros: Financial Crisis, ‘Act II’

Love or hate his politics, there is no doubt George Soros is one of the brightest investment minds of the past few generations.

Hence, when you have Soros on one side saying we have only begun the second stage of the financial crisis, and on the other hand you have “Unicorns and Butterflies” Bernanke telling us all is well (kumbaya!) [coming off one of the worst economic forecasting records the past half decade], you can guess which side one might be better off listening to.

“The collapse of the financial system as we know it is real, and the crisis is far from over,” Mr. Soros said at a conference in Vienna. “Indeed, we have just entered Act II of the drama.” Read More Here

(BullionMark) – Weimar Gold & Silver Prices 1919-1923

Weimar Germany hyperinflation prices of gold and silver in Marks from 1919 – 1923 by month. Charts are also presented to visually depict the speed and magnitude of the change. Remember these are months not years. Consider the human story behind the numbers. How did people survive? Read More Here

(MarketOracle) – PONZI Finance Recipe for Economic Catastrophe, Gold Not a Bubble

The “When hope turns to Fear” moment (See 2010 Outlook “When hope turns to Fear” in Tedbits archives) is unfolding as we speak, as the tides of insolvency sweep over the social welfare states and financial systems of the developed world. It is the next leg down in the global financial crisis and what will come to be known as the greatest depression ever is commencing — we are fascinated and astonished at what the main stream media is reporting and failing to report. Read More Here

(NakedCapitalism) – PR Push Against Strategic Defaulters Underway (Is There a Debtors Prison in Your Future?) Read More Here

(DailyMail) – Child benefit to be cut off at 13 as Government’s ‘poverty tsar’ plans to wean parents off handouts

Families could see their child benefit taxed or cut off once a youngster hits 13 under radical plans proposed by Frank Field, the government appointed ‘poverty tsar’. Read More Here

(KurtNimmo) – Wither Government. Chaos! Anarchy! Lost Revenue!

New York Gov. David Paterson is warning that if he is forced to shut down government next week chaos and anarchy will rule in the state.

“No one knows the full ramifications of a government shutdown,” said Paterson. “It would create unimaginable chaos around the state and the greater metropolitan areas,” reports WCBS TV.

The legislature in the Empire State has failed to pass a budget and this will result in doomsday, according to Paterson. Continue reading

Economy

(LondonEveningStandard) – Riots in Athens as thousands protest against cutbacks

Masked youths stoned police outside Greece’s parliament today in protest at cutbacks proposed to try to end the country’s debt crisis. Read More Here

(TheNewspaper) – Federally Funded “Ticket Blitz” in Virginia

A federally funded ticketing blitz in the state of Virginia landed a total of 6996 traffic tickets this weekend. The blitz, dubbed “Operation Air, Land & Speed” coincided with frantic efforts by state officials to close a$2.2 billion budget deficit. Read More Here

(YahooFinance) – U.S. Taxpayers on Hook for $5 Trillion of Fannie, Freddie Debt… No Matter What Barney Frank Says

House Financial Services Chairman Barney Frank caused a bit of an uproar Friday when he suggested the U.S. government does not guarantee the debts of Fannie Mae and Freddie Mac. Read More Here

(HuffingtonPost) – Stop the Federal Reserve From Shredding Its Records

Should the policymaking committee of the most powerful peacetime entity in the United States government be allowed to destroy their source records? The Federal Open Market Committee of the nation’s central bank, an intricate part of the United States government may be continuing to destroy its source records, a policy it began in 1995 with an unrecorded vote -no fingerprints – conducted by then Chairman Alan Greenspan. Read More Here

(NYTimes) – Program Will Pay Homeowners to Sell at a Loss

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. Read More Here

(BobChapman) – Structural Weakness of the US Dollar. The Dollar Rally will not last

Every important factor we see is working against the dollar and we believe that trend is irreversible. That means the present dollar rally probably cannot endure and it could well be the time to short the USDX. Read More Here

(RussiaToday) – Video: No Bailouts in Iceland

People in Iceland have rejected their government’s pledge to repay a debt of more than US$5 billion left by the collapse of Icesave Internet bank. 93 per cent of people voted “no” in a referendum. Video Link Here

(BBC) – Britain: Fake Storefronts Soothe Consumers During Recession

Fake businesses are to be used to lessen the impact of the recession on high streets in North Tyneside. Read More Here

(WSJ) – U.S. Monthly Budget Deficit Balloons to a Record $651.60 billion

Even as government receipts posted a rare increase in February, soaring outlays pushed the country’s year-to-date deficit up to a record $651.60 billion. Read More Here

(MSNBC) – Financial reform tips toward bankers

As Congress this week inches toward a new set of rules to avert another global financial collapse, it is focused on two conflicting goals: reforming the banking system to protect consumers while still giving lenders the freedom to take risks. Read More Here

(WSJ) – Treasury Plans to Take Social Security from Elderly for Unpaid Loans

A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old. Read More Here

(AP) – Budget deficit sets record in February

The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year. Read More Here

(CNN) – Welcome to the United States of Iceland

It’s time to start paying attention to the financial sinkhole that Iceland is trying to climb out of — the view from inside of it is eerily similar to our own. Read More Here

(InfoClearingHouse) – Economist Lewis Black Tells It Like It Is

ADULT CONTENT WARNING: If you’re not familiar with Lewis Black, I’d turn back if I were you.
Lewis Black is funny. Dangerously funny. That he has such a large audience and still packs plenty of politics in his shtick gives one hope for the fate of our sorry species. So I figured it’s time I learned something from him. Read More Here

(TheKansan) – RHOADES: State revenue has another $108 million shortfall – Read More Here

(WashingtonsBlog) – Unemployment: Better, Worse or Less Bad? – Read More Here

Economist With Financial Services Committee For Eleven Years, Assisting With Oversight of the Fed, Lends Support to Ron Paul’s Questions

(WashingtonsBlog) – Today, Ron Paul accused the Federal Reserve of having a hand in nefarious plots such as Watergate and arming Saddam Hussein. House Financial Services Committee Chair Barney Frank said that the Committee should look into it. Continue reading

MSM: Bankers Get $4 Trillion Gift From Barney Frank

(Bloomberg) – To close out 2009, I decided to do something I bet no member of Congress has done — actually read from cover to cover one of the pieces of sweeping legislation bouncing around Capitol Hill. Continue reading

Audit the Fed: Bernanke and the Bankers Are Running Scared

Ben Bernanke, Federal Reserve mob boss, is running scared. He is deathly afraid an audit of his criminal organization.
“These measures are very much out of step with the global consensus on the appropriate role of central banks, and they would seriously impair the prospects for economic and financial stability in the United States,” Bernanke wrote in the CIA’s favorite newspaper, The Washington Post. Continue reading

Video: Barney Frank vows to “wall off” Fed from monetary scrutiny, warns Bernanke to brace for audit

Barney Frank warns Bernanke that he might be forced to embrace a compromised version of Ron Paul’s ‘Audit the Fed’ bill; promises to “wall off” attempts to examine monetary policy Continue reading

Video: Barney Frank – “We Are Trying On Every Front To Increase The Role Of Government”

Barney Frank goes head to head with Ralph Nader, and lets it slip. The agenda is to increase the role of Government. On EVERY front. Continue reading

Obama set to unveil ‘too big to fail’ plans

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Continue reading

Barney Frank and the Planet of the Banks – Ralph Nader

What planet is Congressman Barney Frank on, anyway? It is the planet of the banks and other financial firms that keep his campaign coffers humming, as their chairman of the House Financial Services Committee. Continue reading

Timothy Geithner aides ‘paid millions by Wall Street firms’

Timothy Geithner’s aides have been paid millions of dollars by a variety of Wall Street firms, including Goldman Sachs and Citigroup, according to financial disclosure forms. Continue reading

The Hard Evidence Down Under Tour 2009 – Uncovering the Truth of the 9/11 Attacks

Four-city Tour Down Under – November, 2009
November 14-15 – Sydney ~ November 17 – Melbourne ~ November 19 – Brisbane ~ November 21 – Wellington
Upcoming Sydney Conference to Demonstrate the Three Building Collapses on 9/11 Were a Controlled Demolition

Continue reading

Federal Reserve rejects request for public review

(RawStory) – The institution which creates and oversees America’s currency wants to keep a “low profile,” according to a published report on Monday, and may willing to dodge the U.S. Treasury in order to do so. Continue reading

The Israel Lobby’s Global Propaganda Manual

More than 50 years ago, Vance Packard shook the commercial world with the publication of his book The Hidden Persuaders. It was, as the book jacket claims, “A revealing, often shocking explanation of new techniques of research and methods of persuasion.” Continue reading

The Misery Index: A Reality Check

(C4L) – In the wake of the panic of 2008, finger pointing has become fashionable. According to some left-wing elements in the chattering classes, the free-market, entrepreneurial capitalist system caused the economic crisis. Continue reading

The Corruption of Empire – Campaign for Liberty

Deputy Secretary of Defense Paul Wolfowitz predicted in 2003 that the cost of the Iraq war would be covered by Iraqi oil revenue, which would also pay for reconstruction. The Iraq war has in fact cost the United States more than $900 billion, including more than $145 billion US and Iraqi dollars for rebuilding and local contracting to support US forces. Six years of reconstruction has been a failure, with most projects unfinished or so poorly built that they have been abandoned. Continue reading

Video: Rep. Frank – House will pass Ron Paul’s ‘audit the Fed’ bill this year

Powerful House Financial Services Committee chairman says central bank’s lending powers to be ‘curtailed’ Continue reading

Video: Barney Frank, Eugenics Death Panels, and a Dining Room Table

It’s too bad the woman in the video below confronting Barney Frank over Obamacare didn’t come with facts instead of slinging the word “Nazi” around. The corporate media loves it when people compare Obama to Hitler and accuse the administration of Nazism. It makes it easier to dismiss the opposition as mental patients. Continue reading

MSM: Jobless spike compounds foreclosure crisis

(MSNBC) – Economists estimate 1.8 million borrowers will lose their homes this year Continue reading

Mark Levin Says Your Government Has Declared War Against You

When the news broke this afternoon of the government’s campaign to have supporters snitch on other American citizens who commit the transgression of opposing his government-run health (s)care plan, I was working on my latest audio clip from the Great One Mark Levin. Here is 13 minutes of commentary (Tues. Aug. 4, Hour 1) by the brilliant and frighteningly prescient radio host. During this clip you will hear the following moving quotes: Continue reading

The Federal Reserve Knew that a Financial Crash was Coming

BIS Slammed Federal Reserve and Other Central Banks for Blowing Bubbles and then “Using Gimmicks and Palliatives” which “Will Only Make Things Worse” Continue reading

MSM: Banks Paid $32.6 Billion in Bonuses Amid U.S. Bailout

(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

Video: Napolitano Reports to CFR on Stasi Snoop Network

Homeland Security Secretary Janet Napolitano traveled to New York to deliver a speech to the boss today. She told the Council on Foreign Relations there will be no departure from the Bush administration in regard to homeland security. It will be the same agenda with a few minor changes — for instance, the color-coded threat advisory will be chucked. Continue reading

Video: Bernanke – “I Don’t Know” Which Foreign Banks Were Given Half a Trillion

Federal Reserve chairman Ben Bernanke was confronted yesterday by Congressman Alan Grayson about which foreign banks were the recipients of Federal Reserve credit swaps, but he was unable to provide an answer as to where over half a trillion dollars had gone. Continue reading

Video: Alan Grayson grills Ben Bernanke on Foreign Lending

(C-SPAN) – Alan Grayson, a Florida Democrat who has been very critical in the past of Fed actions takes it to Bernanke today regarding foreign central bank lending. If the 90 or so Democratic cosponsors of Ron Paul’s HR1207 bill doesn’t convince you that Fed transparency is bipartisan then Grayson’s grilling of Bernanke should. Continue reading

Goldman Sachs Raking in Massive Profits

Due to the fact that Goldman Sachs is currently the favorite of Washington they are raking in massive profits during a time when most banks and brokerage firms are struggling for survival. Continue reading

Toxic Chemicals Release Report Shows Mercury, PCB Pollution Rise Dramatically

(NaturalNews) – Releases of mercury, PCBs, lead and dioxin into the environment increased significantly between 2006 and 2007, according to the annual “Toxics Release Inventory,” published by the Environmental Protection Agency (EPA). Continue reading

Diplomacy: The Art of Saying “Nice Doggie” Until You Find a Rock

Just when I thought that those in Congress responsible for the collapse of the housing market had diverted their attention to the destruction of other sectors of our free market economy (health care and energy), up pops Barney Frank and his trusty sidekick, Anthony Weiner. Turns out, they are once again pressuring Fannie Mae and Freddie Mac to relax recently tightened standards on loans for new condominiums. Continue reading

Russia Dumps US Dollar as basic reserve currency

The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote. Continue reading

Congress Must Audit the Federal Reserve

On May 5, Rep. Alan Grayson (D-FL) grilled Federal Reserve inspector general Elizabeth Coleman. What knowledge did she have of Bloomberg’s report that the Fed had made trillions of dollars in off-balance sheet transactions? Did she know who received the trillion dollars that was added to the Fed’s balance sheets since last September? Was there any investigation into why the Fed didn’t rescue Lehman Brothers, a move that sent shock waves through the financial sector? Continue reading

China ‘worried’ about US Treasury holdings

China’s premier didn’t say it in so many words, but the implied warning to Washington was blunt: Don’t devalue the dollar through reckless spending. Continue reading

Top Senate Democrat: bankers “own” the U.S. Congress

Sen. Dick Durbin, on a local Chicago radio station this week, blurted out an obvious truth about Congress that, despite being blindingly obvious, is rarely spoken:  “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” Continue reading

Rutgers Law professor, N.J. peace group challenge constitutionality of Iraq invasion

A Rutgers University law professor argued in federal court in Newark today, on behalf of a New Jersey peace group, that President Bush violated the U.S. Constitution’s initial intent when he ordered the 2003 invasion of Iraq. Continue reading

Video: Rachel Maddow Compares Sovereignty Movement to Confederacy

Rachel Maddow, described as Keith Olbermann’s “political soul mate” and “a liberal in the purest, almost mineral sense of the word,” has characterized the states’ rights and sovereignty movement as a modern spin-off of the Confederacy, “except the states aren’t clinging to a slave-based economy.” She claims to be “weirded-out by the Civil War theme” of the Tea Party movement. Continue reading

Ron Paul and Barney Frank Introduce Hemp Farming Legislation – HR 1866

A federal bill was introduced yesterday that, if passed into law, would remove restrictions on the cultivation of non-psychoactive industrial hemp. The chief sponsors of HR 1866, “The Industrial Hemp Farming Act of 2009,” Representatives Barney Frank (D-MA) and Ron Paul (R-TX), were joined by nine other U.S. House members split between Republicans and Democrats. Continue reading

Video: Glenn Beck & Napolitano Expose How Obama/US Government Ripped You Off!!!

The financial collapse and the theft of America’s wealth was engineered by the Federal Reserve and Bilderberg Group. Over 45% of Americas wealth has been STOLEN right before your eyes and they think you are to stupid and scared to do anything. Continue reading

Forget AIG Bonuses — The Next Bailout is Here

Democrats from Andrew Cuomo to Barney Frank to Barack Obama are demanding that the 418 AIG employees who received bonuses give them back. Sure, it’s outrageous that the very people who drove AIG off the cliff, along with a whole lot of other financial firms, walked away with million-dollar bonuses paid with taxpayer bailout money. But as the Wall Street Journal opinion page points out, “Taxpayers have already put up $173 billion, or more than a thousand times the amount of those bonuses, to fund the government’s AIG ‘rescue.’” Continue reading