Fed Chairman Bernanke signals more bank bailouts, calls for cuts in social programs

In two days of testimony before Congress, Federal Reserve Board Chairman Ben Bernanke defended the multi-trillion-dollar bailout of the banks while seeking to allay fears on financial markets of a potential eruption of inflation.

USPS May Be Unable to Make Payroll in October and Retiree Health Plan Costs, Unions’ Letter to White House Says

On July 14, unions representing United States Postal Service (USPS) workers wrote the White House with “extreme urgency” asking for a meeting to address lack of funding for both employee payroll in October and health benefits for retired employees.

Rogers: America Bordering On Communism

Investor extraordinaire Jim Rogers has harsh words for the government’s interventionist economic policy.

Many Predict US Financial Collapse in September

Let us contemplate the day in the near future when the consequences of financial chicanery finally outpace the ability of the governments, central banks and big media to cover up and obfuscate the truth. Many respected voices have now gone on record that September 30 or thereabouts will be that day.

MSM: Senate votes big expansion of federal hate crimes

(Washington) – The Senate on Thursday approved the most sweeping expansion of federal hate crimes law since Congress responded four decades ago to the assassination of Martin Luther King Jr.

Video: Rand Paul and Senator DeMint on Glenn Beck

On Wednesday, July 8th, Dr. Rand Paul joined guest host Judge Napolitano on the Glenn Beck show to discuss the federal government’s plans to completely take over healthcare. Next: senator Jim DeMint discusses the Federal Reserve and the recent block by Senate Democrats of his attempt to bring S 604, the Senate version of Ron Paul’s Audit the Fed bill, HR 1207, to the Senate floor as an amendment.

Video: 911 Truth – Jim Marrs in 10 Minutes

Jim Marrs quickly lays out every main point that demonstrates 9/11 was an inside job planned and executed by the U.S. government.

Video: Sen. Inhofe On Global Warming – ‘This Thing Is Phony’

(Fox) – Sen. Jim Inhofe (R-OK) repeats his claim that global warming is a hoax and calls for a criminal investigation into the EPA.

Jim Rogers Sells Dollars, Plans to Short Treasuries

(Bloomberg) – The dollar and U.S. Treasuries are both likely to slide as soaring government debt in the world’s biggest economy undermines confidence in its assets, according to Jim Rogers, chairman of Rogers Holdings.

Video: Hyperinflation Nation

Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar is worthless.

Video: Ron Paul – Obama’s ‘goal’ is economic collapse

Ron Paul, the popular Republican Congressman from Texas, is ripping into the president and Congress for what he sees as their “goal” with round after round of stimulus: complete economic collapse.

MSM: A ‘time bomb’ for world wheat crop

(LAT) – The Ug99 fungus, called stem rust, could wipe out more than 80% of the world’s wheat as it spreads from Africa, scientists fear. The race is on to breed resistant plants before it reaches the U.S.

HR 1207: Battle To Audit The Fed Has Only Just Begun

A great victory in the ongoing battle to wrestle back control of US monetary policy from privately owned special interests was won yesterday with the announcement that HR 1207, Ron Paul’s “audit the Fed” bill, will be debated by the full House of Representatives.

Video: Jim Rogers – “The Worst is Not Over”

Wall Street Journal – 6/9/2009

MSM: Fed Would Be Shut Down If It Were Audited, Expert Says

(CNBC) – The Federal Reserve’s balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant’s Interest Rate Observer, told CNBC.

Inhofe: Federal highway fund will run out by August

U.S. Sen. Jim Inhofe said Tuesday the federal fund that pays for highways will run out of money by August, forcing Oklahoma to deprogram up to $80 million in projects.

Video: Jim Rogers on Obama Economic Disaster

5-29-09 – CNBC – Kudlow Report

The Bilderberg Plan for 2009: Remaking the Global Political Economy

From May 14-17, the global elite met in secret in Greece for the yearly Bilderberg conference, amid scattered and limited global media attention. Roughly 130 of the world’s most powerful individuals came together to discuss the pressing issues of today, and to chart a course for the next year. The main topic of discussion at this years meeting was the global financial crisis, which is no surprise, considering the list of conference attendees includes many of the primary architects of the crisis, as well as those poised to “solve” it.

Video: Jim Rogers On Lew Rockwell – 5-17-09

Video: Rand Paul Announces US Senate Run In Kentucky

Rand Paul son of Ron Paul has formed and exploratory committee for a US Senate run here in Kentucky. He made his announcement on the Rachel Maddow Show tonight.

The Nature of the Current Financial Crisis: The System is designed to exert Total Control over the Lives of Individuals

What impresses me in the current financial crisis is the near-total failure of so-called progressives to appreciate the magnitude of what is going on or the level of intelligence behind it. How many will say, for instance, that the crash was deliberately engineered by the creation, then destruction, of the investment bubbles of the last decade?

Actor Jim Carrey: The Judgment on Vaccines Is In?

Recently, I was amazed to hear a commentary by CNN’s Campbell Brown on the controversial vaccine issue.

Obama’s Cockeyed Optimism: “We are starting to see glimmers of hope across the economy.”

Bernanke’s financial rescue plan is a disaster. He should have spent a little less time with Milton Friedman and a little more with Karl Marx. It was Marx who uncovered the root of all financial crises. He summed it up like this:

“The ultimate reason for all real crises always remains the poverty and restricted consumption of the masses as opposed to the drive of capitalist production to develop the productive forces as though only the absolute consuming power of society constituted their limit.”

MSM: Why Legalizing Marijuana Makes Sense

For the past several years, I’ve been harboring a fantasy, a last political crusade for the baby-boom generation. We, who started on the path of righteousness, marching for civil rights and against the war in Vietnam, need to find an appropriately high-minded approach to life’s exit ramp. In this case, I mean the high-minded part literally.

MSM: ‘IMF currency’ can be floated within a year

UNITED NATIONS: A reserve currency system based on an IMF unit instead of the US dollar, a proposal floated by China, could be phased in within a year, Nobel Prize-winning economist Joseph Stiglitz said on Thursday.

Anti-Loitering Bill Called Unconstitutional

A bill criminalizing gatherings of more than two people in DC is drawing outrage and opposition from community and labor activists, as well as civil rights advocates. “This is a clear and blatant violation of the Constitutionally-guaranteed right of the American people to assemble,”

DeMint’s Small Riots

According to Republican Senator Jim DeMint, there will be riots in response to the banker giveaway, now closing in on the astronomical number of $9.5 trillion. Mr. DeMint told Adam Bitely of Right Nation these riots will probably be small, although “I think there is a chance that we can see some large ones.”

GOP senator foresees ‘bailout riots,’ and says DC students ‘end up’ in gangs

Days after he predicted there would be rioting from a public angry with all of the federal bailouts, Republican Senator Jim DeMint made another judgmentally-questionable statement –that students at D.C. public schools have a higher likelihood of joining gangs than of graudating from high school.

MSM: Jim Rogers – Let AIG Go Bankrupt, Not America

American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday.

Video: Jim Rogers ‘I would urge you to be prepared’

Jim Rogers: Listen, we have to face reality, George. I have. If you don’t face reality and you sit there and twiddle along and believe Mr Bernanke that everything is OK, you are going to get hit by a two-by-four and it’s going to hurt very, very, very badly, so I would urge you to be prepared.

Video: Rogers – The Elite Are Turning A Recession Into A Depression

Veteran investor says Obama’s agenda will only exacerbate the problem

Veteran investor Jim Rogers warns that the policies of central banks and politicians are turning what would have been a recession into a new great depression, and that Barack Obama’s taxation agenda will only make the problem much worse.

Cramer (CNBC): Stocks are Doomed, Sell Now

Jim Cramer, the often loud and always bullish host of a popular CNBC show, is now bearish.

Cramer frequently tells his audience that he believes there is always a bull market somewhere, and it’s his goal to help them find it.

“But this time is different; it’s doom itself,” Cramer recently wrote in New York magazine. “In 25 years on Wall Street, I have never seen things this bad.”