(Goldseek) – Ron Paul talks to Chris Waltzek on GoldSeek Radio. Topics of discussion include the Financial Reform Bill, competing currencies, the gold price, and 2012. Continue reading
(CharlieVLog) – July 13, 2010 – Continue reading
(WPost) – 8 House members investigated over fundraisers held near financial reform vote
The Office of Congressional Ethics is investigating eight lawmakers who held fundraisers within 48 hours of a major House vote on a Wall Street reform bill or received substantial donations from business people with a financial stake in the bill, according to congressional sources and letters. Read More Here
(Money&Markets) – Two Consequences of the Stimulus Programs Washington Wants You to Ignore! – Read More Here
(BullionBullsCanada) – Fannie Mae Proposes Bulldozing U.S. Homes – Read More Here
(EconomicPolicyJournal) – Bank Run in Spain and Its Destabilizing Ramifications for the Entire EU
According to FT, Spanish banks borrowed €85.6bn ($105.7bn) from the ECB last month. This was double the amount lent to them before the collapse of Lehman Brothers in September 2008 and 16.5 per cent of net eurozone loans offered by the central bank. Read More Here
(InternationalForecaster) – The Fed’s Purchase of US Sovereign Debt: “The US Treasury is under the Control of the Fed’s Owners”. – Bob Chapman
US, UK and European financial systems are on the way to collapse Read More Here
(MarketWatch) – U.S. home building craters after tax break expires
Housing starts fell 10% to a seasonally adjusted annual rate of 593,000 in May, the lowest level since December. The details were even worse, as starts of single-family homes plunged 17% to a seasonally adjusted rate of 468,000, the lowest in a year. Read More Here
(LewRockwell) – Amnesty for the Banksters, Debtor’s Prison for the Serfs – Read More Here
(SoColPatriotsClub) – House Democrats Drop Ron Paul’s Audit of Federal Reserve
Yes, you read that right. Ron Paul’s push to audit the Federal Reserve Bank and see who received how much money in the last few years has been drastically reduced. Read More Here
Video: The Greecing of America, Simplified
The repercussions from Greece’s fiscal crisis are starting to ripple around the world. But are lessons being learned? – View Video Here
REPOST – (RussiaToday) – Video: Greece was used as trojan horse by Washington and Goldman Sachs, to damage Eurozone
“The whole attack on Greece and the attack on the euro originated from a concerted strategy of Wall Street and US Institutions to permanently cripple or try to cripple the only alternative reserve currency anywhere in the world that can challenge the dollar,” Engdahl told RT. Video Link Here
Video: Instead of budgeting, Congress is….
With all of the attention on the BP oil spill, the European debt crisis and even financial regulatory reform, the fact that Congress hasn’t passed (and will likely not pass) a federal budget for fiscal year 2011 is flying under the radar. View video Here
(WPost) – More college-educated jump tracks to become skilled manual laborers – Read More Here
(LewRockwellShow) – Podcast: We Ain’t Seen Nothin’ Yet – Lew with Gerald Celente
What does the state-bank-military complex plan next? As the second stage of the financial crisis hits, says Gerald Celente, we can expect them to start another war to divert people’s attention from the wholesale robbery of the productive. Listen to Podcast Here
(LewRockwell) – Bailing Out Politicians Now? – Patrick J. Buchanan – Read More Here
(WRMEA) – U.S. Financial Aid To Israel: Figures, Facts, and Impact – Read More Here
(MarketWatch) – Fannie, Freddie to scrap NYSE stock listings – Read More Here
(EconomicPolicyJournal) – Bloomberg Considering Former-Goldman Man for Deputy Mayor – Read More Here
REPOST – (Snard) – More Than 1 In 5 American Children Are Now Living Below The Poverty Line
Perhaps the greatest victims of the economic nightmare that is unfolding right in front of our eyes are our children. Read More Here
(AlterNet) – “Lure People Into That Calm and Then Just Totally F–k ‘Em”: How All of Us Pay for the Derivatives Market
Derivatives are a hotbed of abuses and bailouts. So why are taxpayers footing the bill? Read More Here
(Infowars) – Why You Should Buy Gold and Silver – Mark Dice – Read More Here
(FinancialSense) – Gold Going to Parabolic Top of $10,000 by 2012 – For Good Reasons
No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons – sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations – which will all contribute to rampant price inflation.
Not surprisingly, I have company in that view: 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
You Can Thank The Federal Reserve For The Coming Hyperinflation
(RussiaToday) – Video:Rand Paul wins in a “Randslide” – Interview with Adam Kokesh – View Video Here
(RussiaToday) – Video: Rallying behind Rand – Interview with Shelly Roche – View Video Here
(Fox) – Video: 2010 – Year of the Political Outsider – Ron Paul and Rand Paul on Fox News – View Video Here
(SteveWatson) – Video: DNC Chairman – Rand Paul Is A Far Right “Extreme Candidate”
Commenting on Rand Paul’s historic victory in the Kentucky primary, the Democratic National Committee Chairman Tim Kaine called the would be Senator an “extreme candidate”, while other Democrats suggested Paul would be an easy target for them in the November general election.View Video Here
Video: Rand Paul’s victory speech (full) – View Video Here
(LondonTelegraph) – Rand Paul’s win could be bad news for Republicans
The biggest loser from Rand Paul’s win in the Kentucky Republican Senate primary is Mitch McConnell. Read More Here
(Politico) – Rand Paul: “We have come to take our government back” – Read More Here
(CBSNews) – Video: Rand Paul – Tea Party Ready to “Flex Some Muscle”
While critics cast the Tea Party movement as a fad and a flash in the pan, Tuesday’s Republican Senate primary in Kentucky might prove to naysayers that they indeed are a legitimate force and their backing of Dr. Rand Paul has propelled him as the front-runner for what is usually a ho-hum race. Read More Here
(RussiaToday) – Video: Rand Paul – Perfect storm, people want change
RTs Dina Gusovsky is in Kentucky to find out what she can about Rand Paul’s, son of Congressmen Ron Paul, senate campaign and the pivotal primary elections that are taking place. The primaries for the midterm elections will offer a clearer look at whos shaping up to be a powerful force in 2010 and whos struggling to stay relevant in the long midterm cycle. Dina interviewed Rand Pauls family and says that the latest polls have Rand Paul ahead by about 18%. Continue reading
(InflationUS) – NIA believes Meltup is the most important economic documentary ever produced in world history. The Second American Revolution has begun! Please share this documentary with all of your friends and family members immediately!
The Dollar Bubble
Our new must see documentary on the collapse of the U.S. dollar! Become educated so that you can survive and prosper while many Americans enter poverty! ***The best spent 30 minutes of your life! Continue reading
(OnlineJournal) – The Big Six banks are shorting the American Dream
The Big Six investment banks, Goldman Sachs, Morgan Stanley, JP Morgan Chase, Citigroup, Bank of America and Wells Fargo, are “shorting the American Dream,” according to economist Simon Johnson and entrepreneur James Kwak in an interview on April 16, “Financial Regulation and Regulatory Capture” on Bill Moyers Journal. Here’s a summary of the big and important ideas and issues on the table. Read More Here
(GlobalResearch) – Break up the Banks and Combat Financial Crime – Danny Schechter – Read More Here
(InfoClearingHouse) – What Really Triggered the Financial Crisis? – The Shadow Banking System Blew Up – Mike Whitney Read More Here
(ZeroHedge) – Will Goldman Sachs Prove Greed is God?
The investment bank’s cult of self-interest is on trial against the whole idea of civilization – the collective decision by all of us not to screw each other over even if we can Read More Here
(FinancialSense) – Reports of Our Recovery Are Greatly Exaggerated – Peter Schiff
From all outward appearances, it seems that a grim chapter in U.S. economic history has come to an end. Newsweek magazine declares that “America is Back,” government statistics indicate revival, and our stock market has put in a rally for the record books (by rate of ascent, not highs – we are still more than 25% below the 2007 peak). Read More Here
(SilverBearCafe) – The Middle Class Game Is Up: We’re Heading to a Slave Labor Planet Read More Here
(FinancialTimes) – US prepares to push for global capital rules
The US is preparing to pivot from domestic regulatory reform to a push for a tough new international capital regime after the weekend’s G20 and International Monetary Fund meetings glossed over differences between leading economies. Read More Here
(USAWatchdog) – Housing Sales and Inflation Surge
The big news in the economy last week was new home sales jumped 27% in March. It was the best monthly increase percentage wise since John F. Kennedy was in office. What the mainstream media did not tell you was new housing starts jumped up from a very low level– like the lowest level in history! This chart from shadowstats.com illustrates the point: Read More Here
(TimesOnline) – Greek meltdown in danger of spreading
Germany, France and the International Monetary Fund (IMF) must act quickly to bail out Greece to prevent a slide in confidence in financial markets, Alistair Darling said yesterday. Read More Here
(CNNNews) – Obama Sends Mixed Message on VAT as Fiscal Commission Prepares First Meeting Read More Here
(WashingtonsBlog) – Unemployment for Those Who Earn $150,000 or More is Only 3%, While Unemployment for the Poor is 31%
Boeing CEO Jim McNerney succinctly summarized a recent study by Northeastern University’s Center for Labor Market Studies regarding unemployment rates for different income brackets: Read More Here
(PaulWatson) – Video: Obama Debt Czar Says Tax Hikes “On The Table”
The Democratic co-chairman of President Obama’s debt commission, Erskine Bowles, told Fox News Sunday that tax hikes for Americans are “on the table,” despite Obama’s election campaign promise that no individual earning under $200,000 dollars a year would be hit with any tax increases. Read More Here
Video: Gold, Cash, Currency, and Inflation Trends
Pastor Timothy Neptune (First Baptist Church of Marco Island) discusses the realities of our current economic crisis with Steve Meyers of Grainbelt Commodities. For more information, including the complete viewing of each study, visit us at http://www.fbcmarco.com Continue reading
(HuffingtonPost) – Dodd Bill Would Allow Fed To Hide Its Spending – Read More Here
(JakartaGlobe) – Goldman probe a smokescreen to divert attention from financial crisis
A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States. Read More Here
(USAWatchdog) – Failure Is the Only Reform We Need – Read More Here
(PubliusForum) – $338.3 Billion Paid to Service America’s Illegal Aliens
My friend Gary Karlin over at the Evanston Conservative blog has spent the last year or so collecting a series of stories detailing the costs of illegal aliens to the United States. Read More Here
(CNN) – Report: SEC staffers watched porn as economy crashed – Read More Here
(HoweStreet) – Hyperinflation Looms – The Dollar Arrives at Its ‘Havenstein Moment’
There is an interesting article in Canada’s Globe & Mail about the lack of growth in the US money supply. Ignoring for the moment that the quantity of dollars in circulation is significantly underreported, it observes:
“The money supply in the United States is doing something that almost never happens: it’s shrinking, after taking into account inflation. Similar episodes in the past have usually been scary times for investors. Declines in the amount of money in circulation have coincided with recessions, and some analysts looking at the current trend say it is a harbinger of trouble. Despite signs that the U.S. is in recovery, they worry that the money supply numbers indicate the economy remains vulnerable to the feared double-dip downturn, or is close to experiencing deflation.”
Read More Here
(CNBC) – Governments Will ‘Bankrupt Us’: Marc Faber
Current economic policies are not sustainable and the world faces doom because “the governments are taking over”, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report. Read More Here
(FauxCapitalist) – The CIA overstates Canada’s government spending by more than 200% – Read More Here
(GoldenTruth) – Russia and China Are Selling Treasuries and Buying Gold…
Fred Hickey of the High Tech Strategist newsletter fame gave a brutally honest interview with The Wall Street Cheat Sheet about the financial/economic condition of the United States and how China and Russia, two of the largest financiers of our Government, are protecting themselves from the reckless policies of Obama and Bernanke. Here’s is a quote: Read More Here
(HuffingtonPost) – LA Court System In Financial Crisis, Closing Court Rooms
An unprecedented financial crisis afflicting the nation’s largest court system is in the hands of the policy making California Judicial Council, with Los Angeles court officials awaiting its decision on their plea for an infusion of cash. Read More Here
(ZeroHedge) – Alan Grayson Discloses That Dodd Bill Covertly Eliminates Already Passed Legislation Requiring Full Fed Audit
Once again we get confirmation that Chris Dodd is nothing but a paid manservant for his Federal Reserve masters, in addition to being a lame duck, whose last days in office are meant to do everything to allow the old-school Wall Street ways of endless secrecy and Fed bailouts to continue in perpetuity. Read More Here
(ZeroHedge) – Insights Into America’s Disneyland And Our “Neo-Feudalistic, Gulag Casino Economy” From Mike Krieger – Read More Here
(LewRockwell) – Video: How an Economy Grows and Why It Crashes – Lew Rockwell Show with Peter Schiff – View Video Here
(MoneyNews) – Video: Jim Rogers: Next Recession Will Be Much Worse – Video Link Here
(ZeroHedge) – Richard Koo Says If Banks Marked Commercial Real Estate To Market,It Would “Trigger A Chain Of Bankruptcies”
Richard Koo’s latest observations on the US economy are as always, a must read. The critical observation from the Nomura economist explains why the realists and the naive idealists are at greater odds than ever before: the government continues to perpetuate, endorse and legalize accounting fraud in the hope that covering everything up under the rug will rekindle animal spirits. Read More Here
(Fortune) – ‘The SEC is a farce’ – expert Read More Here
(WashingtonsBlog) – Are Interest Rate Derivatives a Ticking Time Bomb?
Derivatives are the world’s largest market, dwarfing the size of the bond market and world’s real economy. Read More Here
(CommonDreams) – Democrats Haunted by Corporate Ties
President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there’s a complication in their battle plan: The Democratic Party is closer to corporate America – and to Wall Street in particular – than many Democrats would care to admit. Read More Here
(CNN) – Video: Federal Reserve – Destroying the American economy since 1913 – View Video Here
(Courant) -2,000 Connecticut Teachers Face Layoffs Before Next School Year More Here..
(Reuters) – Sallie Mae To Cut 2500 Jobs More Here..
(BuffaloNews) – Buffalo: City School Budget would Lay off 700 More Here..
(NBR) – Fletcher Layoffs Hit 120 People More Here..
(ClevelandBlog) – Hundreds of Cleveland teachers, Principals to Lose Jobs More Here..
(Wicz) – Lockheed Martin: 472 Layoffs More Here..
(Freep) – Detroit Public Schools sends layoff notices to 2000 Teachers More Here..
(SeattleTimes) – Boeing issues layoff notices to 130 in state, 300 companywide More Here..
(CityRoom) – More than 1,000 staff members were laid off on Monday at the bankrupt St. Vincent’s Hospital Manhattan. More Here..
(AlexJones) – Video: Bill Murphy Reveals JPMorgan Chase’s Gold & Silver Manipulation on Alex Jones
Alex talks with Bill Murphy, a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities. Continue reading
(PoliticalTheatrics) – Noam Chomsky, the leading leftwing intellectual, warned last week that fascism may be coming to the United States.
“I’m just old enough to have heard a number of Hitler’s speeches on the radio,” he said, “and I have a memory of the texture and the tone of the cheering mobs, and I have the dread sense of the dark clouds of fascism gathering” here at home.
(Goldseek) – Several weeks ago I speculated that we were “On the Brink of an Asset Explosion” . So far events are unfolding about as expected. I might even say they are moving more aggressively than I thought. Well actually, there’s no doubt this cyclical bull is unfolding much more aggressively than anyone expected.
Compare the angle of assent of this cyclical bull to the last one. Read More Here
(BackWoodsHome) – “No one can predict the future,” I heard a voice say as I walked into the offices of Backwoods Home Magazine. The speaker went on to add, “But there are a lot of reasons to believe we are in danger of entering a period of hyperinflation of the dollar.”
I hesitated because I knew the voice and I followed it to Dave Duffy’s office. Dave’s the guy who publishes this magazine. But the speaker I was hearing was none other than our poker-playing friend from Southern California, O.E. MacDougal. Continue reading
(LewRockwell) – Despite encouraging words from politicians and the establishment media’s talking heads, it is clear to me, and I believe most Americans who do not live in a regime ivory tower, that we are not coming out of the recession. In fact, things appear to be getting worse as unemployment continues to rise and businesses cut salaries or shut down. The fears that this recession could turn into another Great Depression are very real, as we have lost so much of our capacity to create wealth and the federal government seems determined to use up any remaining capital fighting endless wars, funding endless entitlement programs, and spending trillions of dollars on non-wealth-creating “stimulus” programs while handing out even more trillions to their bankster buddies and corporate cronies. However, another 1930s-style depression is not what keeps me up at night with worry. Continue reading
The Congressional Budget Office is estimating that the healthcare bill will cost $940 billion over the next 10 years, but if history is any indication, the actual cost will likely be several trillion dollars. NIA believes the healthcare bill will be the final nail in the coffin of the U.S. economy and will just about guarantee that we will see hyperinflation by the year 2015. Continue reading
Dr. Stan Monteith’s Show – View Video Here
(January 25, 2010) – Discussing the Fed Continue reading
(CNBC) – January 22, 2010 Continue reading
Don’t open your eyes
You won’t like what you see
The blind have been blessed with security
Don’t open your eyes
Take it from me
I have found you can find
Happiness in slavery
Nine Inch Nails-Happiness in Slavery
Think you’re free? Think again, slave!
This week the Federal government will attempt to auction off 118 billion dollars in U.S. debt to anyone who thinks the U.S. dollar is a great place to be. Of course if you ask liars like Fed Chief Ben Bernanke or his young sidekick “tiny” Tim Geithner, they will most certainly assure you that the dollar is strong and that the U.S economy is on a miraculous rebound. But this is fiction. Continue reading
(WorldNetDaily) – A newly released Rand Corporation report proposes the federal government create a rapid deployment “Stabilization Police Force” that would be tasked with “shaping an environment before a conflict” and restoring order in times of war, natural disaster or national emergency. Continue reading
Economic historian Peter Bernholz has identified that inflation starts to take on hyperinflationary characteristics some time after the deficits of a country as a share of government expenditure rise above a third and stay there for several years. Continue reading
After the recent devaluation of the currency of Venezuela, why is devaluation of the dollar not a possibility to avoid hyperinflation of the dollar in the United States? In this video I explain why devaluation of the dollar is not something of an option, and hyperinflation is the only real alternative Continue reading
James Turk, founder of GoldMoney, speaks about the indications of hyperinflation in the US today. Continue reading
(CNBC) – January 05, 2010 Continue reading
(YoungTurks) – January 8th, 2009 Continue reading
Bob Chapman talks to Melody Cedarstrom about the new dollar and the coming devaluation – recorded on December 28th 2009 Continue reading
Januray 4, 2010 Continue reading
(ChinaPost) – A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting over higher prices may actually bring them about? Continue reading
(LATimes) – With the economy still struggling, the lawmaker’s libertarian views are getting serious attention. Continue reading
(Fox) – Gerald Celente predicts The Crash of 2010, hyperinflation, protectionism, anti-immigration, and a new third political party Continue reading
(Fox) – December 28, 2009 Continue reading
(WorldCrisisRadio) – Webster breaks down the run away train of inflation on the out of controlled roller coaster heading toward the clueless American … Continue reading
(C4L) – Last week, in the name of protecting the little guy from Wall Street, the House passed HR 4173 to increase the little guy’s false sense of security in the financial system. This mammoth piece of legislation would massively increase government regulation and oversight in the banking industry under the misguided reasoning that more government could have stopped faulty lending practices, when in actuality it caused them. This bill would also greatly increase the powers of the Federal Reserve, which too many in Congress still see as savior rather than perpetrator in this mess. Continue reading
For the third time in my life, the Social Security System will go belly-up.
The first time was in 1977 – well, almost. To head off the bust, Jimmy Carter got Congress to pass a major FICA tax increase – sorry, “contribution” increase – in order to save Social Security. The rate would be hiked in phases from 2% to 6.15% (times two: employee and employer). He promised: “Now this legislation will guarantee that from 1980 to the year 2030, the Social Security funds will be sound.” (http://tinyurl.com/ybksxs4) Continue reading
The following information may be the most important we have ever published. One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending. Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance. Continue reading
Our National debt is a ticking time bomb and as we continue to borrow at record amounts and entitlement programs fail to pay for themselves, interest rates – once they begin to rise will eat more and more of tax receipts until we can no longer provide promised services and benifits. Our Economy will crash as the government defaults on its debt payments and social order will collapse. Continue reading
(BobChapman) – Our usurping, non-citizen, spendthrift President, together with our corrupt, elitist-bootlicking Congress of money-grabbing Dumbos and Jackasses, are spending us into a multi-trillion dollar hyperinflationary oblivion as their ratings by their constituents drop into the toilet bowl, ratings which are disgracefully the lowest in all of US history. Continue reading