Czars And A Gulag America? – J. Speer-Williams

(Rense) – Czars were Russian tyrants. Gulags were Russian slave labor camps. Are gulags coming to America? We already have a growing corps of Czars.

The oligarchs of the International Monetary/Banking Cartel took a huge step towards the tyranny of their New World Order when they put their man ­ Barack Obama ­ into the White House.

Obama, who many Americans still consider to be their friend, has had the audacity ­ the cheek, the arrogant insolence ­ to have appointed a growing cadre of Czars, on top of a bloated bureaucracy that is already at least a thousand times too large and too intrusive.

This is “in your face” tyranny. The very word ­ Czar ­ is repugnant to any democracy. The very definition of the word Czar means, “king” or “emperor” or “autocrat” or “tyrant.” Continue reading

Economy

(StarTribune) – In jail for being in debt – Read More Here

REPOST – (AP) – Long-Term Unemployed Now 46 Percent Of Unemployed, Highest Percentage On Record – Read More Here

(GlobalResearch) – The Economic Crisis: Class Struggles Heat Up in Greece

Workers in Greece today stand in the forefront of the converging European class struggles against big capital’s attempt to make working people pay the costs of its crisis. Read More Here

(FoxBusiness) – Video: Peter Schiff on Fox Business News

Is it Time to Dump Your Stocks? – Video Link Here

(USAWatchdog) – Gold’s Flashing Warning Sign

Gold hit another all-time high yesterday! According to gold website Kitco.com – Read More Here

(Telegraph) – Risks to global economy have ‘risen significantly’, top IMF official warns

The risks to a robust global recovery have ‘risen significantly’ as many governments struggle with debt, a leading official from the International Monetary Fund has warned. Read More Here

(CNSNews) – Billboard Puts Obama on $100,000,000,000,000 Bill, Asks: ‘But Who Will Pay the Piper?’ – Read More Here

(EuropaPress) – Spanish Police Protest “Unjustified Waste Of Public Money” In Protecting Bilderberg

The SME-CCOO union of the Catalan police today showed their disagreement with the “unjustified waste” of public money aimed at preserving the security of the Bilderberg Club, which celebrates these days its annual meeting in Sitges. Read More Here

(EuroPacificCapital) – The Phantom Recovery – Peter Schiff

In recent months, GDP numbers have rebounded – primarily as a result of record low interest rates reliquifying the credit market and government stimulus jolting consumer spending. Although the “positive growth” has delighted Obama’s economic brain trust, it has done little to boost the fortunes of Main Street. As I have said many times, GDP largely measures spending, and spending is not growth. Continue reading

The “International Community” Pushes for “Global Coordination”

(C4L) – Never letting a good crisis go to waste, the sovereignty-hating globalists continue to argue that national governments should have less say in implementing domestic financial regulation and fiscal policy.

According to International Monetary Fund managing director Dominique Strauss-Kahn, “National oriented responses are not the way, since they risk creating economic conflicts.” The IMF publication goes on: Continue reading

Economy

(CNBC) – Video: Nouriel Roubini – Double Dip Recession – Video Link Here

BREAKING (TheFightOfYourLife) – Bob Chapman flashed a high priority Intel report today 05/22/10 at 1700EDT

According to high placed sources withing the Federal Reserve they will take the economy down and force all but 4 banks out of existence no later that December 31, 2010 and possibly by mid November. Read More Here

(CSPAN2) – Video: The US Government Is In Dire Physical Condition! – Senator McConnell

(NYTimes) – Cuts to Child Care Subsidy Thwart More Job Seekers – Read More Here

(FoxBusiness) – The Next Bailout: $165B for Unions

Taxpayers could be on the hook for another $165 billion if a bill to bail out private union pension funds makes it through Congress. Read More Here

(CaseyResearch) – Fact vs. Fiction on Today’s Economy

There is a lot of “noise” being tossed out by the politicos and their preferred pundits about how the U.S. economy is on the mend. Thus it is important to try and separate fact from fiction about where things really stand.
FICTION: Though sporadic, the U.S. economy will continue to improve.
FACT: The U.S. is headed for a currency crisis.
Read More Here

(Bloomberg) – Speculators Grab Gold Faster Than Mines Can Produce It

Speculators are buying gold faster than the world’s biggest producers can mine it as analysts forecast a 27 percent rally that may extend the longest run of annual gains since at least 1920. Read More Here

(Express) – Gordon Brown ‘first choice’ for top job at IMF – Read More Here

(MyBudget360) – America’s wealthiest 25 percent of households own 87 percent of all U.S. wealth. How the middle class face growing income inequality in the new era of the psychopath corporatocracy Read More Here

(MarketWatch) – Bank of Spain seizes control of savings bank CajaSur – Read More Here

(IrishTimes) – Burden of Irish debt could yet eclipse that of Greece

It is no longer a question of whether Ireland will go bust, but when. Unlike Greece, our woes do not stem from government debt, but instead from the government’s open-ended guarantee to cover the losses of the banking system out of its citizens’ wallets. Read More Here

(InternForecaster) – Dysfunctional Markets That Change Every Hour – Bob Chapman

Keeping up with today’s dysfunctional markets is very difficult because they change hour by hour. The problems of Europe have stolen center stage from US problems. The focus is on Europe, but we all should remember trillions of dollars have been injected into the US financial system since mid-2007. Read More Here

(WashingtonPost) – One false move in Europe could set off global chain reaction

If the trouble starts — and it remains an “if” — the trigger may well be obscure to the concerns of most Americans: a missed budget projection by the Spanish government, the failure of Greece to hit a deficit-reduction target, a drop in Ireland’s economic output. Read More Here

(BusinessInsider) – Louisiana Realtor: Oil Is Having “Horrible, Just Horrific” Effect On Sales

Carolyn Angelette said around 100 clients have canceled summer rentals in Grand Isle, LA. Other clients have postponed plans to buy a home until they see the full extent of oil damage. At this rate, she warns, her Century 21 office will go out of business. Read More Here

Video: California is planning to bankrupt itself

Jim Puplava talks about insane law proposals in California recorded on May 22nd 2010

(GlobalResearch) – The Banks Call the Shots on Financial Reform: The Sovereign Debt Crisis is Sweeping the World with another Credit Crunch – Danny Schechter – Read More Here

(GlobalResearch) – A “Fix” to the Economic Recession: Undermine the Rights of Public Sector Workers – Shamus Cooke

In the state of Oregon, the most widely distributed paper, the Oregonian, announced on its front page that the state should expect “Ten Years of Pain.” The perpetrator: the budget crisis — $2.5 billion in the coming two-year budget cycle, with $2 billion projected deficits until 2019. Sadly, these depressing numbers assume that the economy will recover, a belief lacking any credible evidence.

How to fix Oregon’s woes? The Oregonian answers: Read More Here

(InfoClearingHouse) – Merkel’s Savage Blitz through Euroland – Mike Whitney

Angela Merkel has let a minor brush-fire on the periphery turn into a raging inferno that’s sweeping across the continent. Absent Berlin’s fumbling diplomatic effort and its ferocious attachment to Hooverian economics, the Greek matter would have been over by now. Instead, the fire continues to burn while the German Chancellor pushes the eurozone closer and closer to the cliff. And what for; to prove that prodigal spending by the member states (Greece) mustn’t go unpunished? Is that what this is all about? Is Merkel really willing to break up the EU just to prove her point and to accommodate her towering sense of self righteousness? Read More Here

(TruthDig) – The Greeks Get It – Chris Hedges

Here’s to the Greeks. They know what to do when corporations pillage and loot their country. They know what to do when Goldman Sachs and international bankers collude with their power elite to falsify economic data and then make billions betting that the Greek economy will collapse. Read More Here

(CSPAN) – Video: Why should taxpayers be on the hook? – Ron Paul

On Thursday, Congressman Paul spoke at the House Financial Services subcommittee hearing on The Role of the International Monetary Fund and Federal Reserve in Stabilizing Europe.

He also questioned Federal Reserve Board of Governors member Daniel Tarullo and observed how continual bailouts help the big banks and the well-connected at the expense of the taxpayer. Continue reading

They Are Purposely Killing the Gulf – J. Speer-Williams

The private, foreign International Monetary/Banking Cartel controls its puppets in Washington as it controls its oil company executives. And everything the Cartel does is anti-life, there are absolutely no exceptions; and their pretended Gulf oil clean-up is a glaring case in point.

Instead of cleaning up the unprecedented catastrophe created by the Cartel’s mega-corporations (Halliburton, Transocean, and British Petroleum), these very same companies are purposely killing our Gulf of Mexico, under the pretense of cleaning it up. Continue reading

European Powerbrokers Present Proposal For New Economic And Political Order

(SteveWatson) – The European Commission, the executive body of the European Union, has revealed a set of proposals to fully integrate the economies of the EU member states and centralize power under a federalized union.

Following monday’s announcement of a €750bn EU bailout fund, the EC head and Bilderberg darling José Manuel Barroso announced details of the plan for further European integration. Continue reading

Economy

(Boston) – Double dip in housing values continues, despite tax credit/spring bump – Read More Here

(ClarionLedge) – Revenue: April numbers are sobering

Gov. Haley Barbour said last week that April revenue was 8.5 percent below estimates – a $45.1 million shortfall. Read More Here

(SacramentoBizJournal) – State’s revenue below projections for April

California’s controller, John Chiang, said the state’s April cash receipts fell below budget estimates by $3.6 billion, or 26.4 percent. Read More Here

(MinnPost) – 41 percent of metro area single-family homes believed ‘underwater’ – Read More Here

(MaverickBlog) – What Business is Wall Street In ?

My last two posts were designed to stimulate discussion. But lets talk the real problem that regulators, public companies, investor/shareholders and traders face. The problem is that Wall Street doesn’t know what business it is in. Regulators don’t know what the business of Wall Street is. Investor/shareholders don’t know what business Wall Street is in. Read More Here

(WashingtonsBlog) – Challenger Investigation Got $175 Million. Columbia $152 Million. Lewinsky $30 Million. 9/11 $15 Million. Financial Crisis Gets Only $8 Million – Read More Here

(Bloomberg) – Video: Jim Rogers on Greece Bailout, Yuan, Stocks – View Video Here

(NewsMax) – Video: Jim Rogers – Next Recession Will Be Much Worse! – View Video Here

(KurtNimmo) – Video: Obama’s Supreme Pick Kagan Is A Bankster Operative

Democrats are going gaa-gaa over Obama’s Supreme pick Elena Kagan. “Democrats praised Kagan as ‘razor sharp’ and impeccably qualified for the lifetime appointment on the nine-member bench, but Republicans promised to vigorously vet a ’surprising’ choice, noting she had never been a judge,” reports Agence France-Presse. “I have selected a nominee who I believe embodies… excellence, independence, integrity and passion for the law, and who can ultimately provide that same kind of leadership on the court,” Obama said at the White House. View Video Here

(AmpedStatus) – High Frequency Terrorism: How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States – David DeGraw & Max Keiser – Read More Here

Layoffs:

Dean Foods – 350 to 400
RBS – 2,600
Update: Fort Wayne IN – 300 Teachers to Learn Layoffs Numbers today
City of Costa Mesa – 51 Possible
Town of Mesilla NM – 4
Newark Valley Central School District – 11

(InfoClearingHouse) – Kagan: – Goldman Sachs – Shifting Court to Right?

“A narrow elite is imposing itself through the legal system, and ordinary Americans need to start asserting themselves.”
The Wall Street Journal reports: “The White House said Friday that Elena Kagan’s membership on an advisory panel for the securities firm Goldman Sachs Group Inc. wouldn’t disqualify her for a position on the Supreme Court. … From 2005 to 2008, Ms. Kagan was a paid member of the Research Advisory Council of Goldman Sachs Global Markets Institute, according to financial-disclosure reports she filed after being appointed to her current job. The form shows she was paid $10,000 in 2008, when she was dean of Harvard Law School.” Read More Here

(StraightGoodNews) – Goldman Sachs Set to Plan Sell-Off of Ontario Assets

Huge and controversial banking firm has a history of playing both sides in privatization deals Read More Here

(AmericanEveryman) – The Stock Market “Glitch”: Blackmail by Big Banking?

The White House gets its way again. They get their way on two measures that would have given the people at least a little control of the “too big too fail” banking system. But how they got it, well that might just be the REAL story of the day.
“I mean this really sounds like market manipulation to me. This is outrageous.” Read More Here

(PaulWatson) – Bankers Destroy Global Economy by Design to Consolidate Power

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance. Read More Here

(SteveWatson) – Bankers, Economists: Mass Centralization At Heart Of Euro Bailout

Huge Euro rescue is latest step on the road toward a monolithic globalist federal union Read More Here

(AFP) – Fannie Mae seeks new $8.4 billion US bailout to stay afloat – Read More Here

(ZeroHedge) – EURUSD Roll Over Accelerates, Market Playing Catch Up – Tyler Durden

This may very well still turn out to be the shortest and must futile trillion dollar bailout in history yet. Don’t forget it was the EURJPY correlation desks that freaked out on Thursday and drained all NYSE liquidity in stocks.

It will be truly amazing if we get another 1000 point move in the Dow… But not up. Read More Here

(InternationalForecaster) – The latest Greek tragedy And Sovereign Defaults Pose A Great Threat – Bob Chapman

The latest Greek tragedy continues to leave carnage in its wake, crime compounds the debt problems, Problems everyone knew about nobody did anything about, the Sovereign debt bubble is now upon us, and could bring the world financial system down, a situation like the French Revolution in Greece, food stamps at a record high, unemployment and problems of poverty in the US, Read More Here

(NYTimes) – Video: Markets Welcome E.U. Rescue Package

Global markets rallied Monday, reversing the steep declines of recent days, after European leaders agreed to provide a huge rescue package of nearly $1 trillion to combat the debt crisis that has engulfed Europe, and central banks began injecting cash into the financial system. View Video Here

(EconomicCollapseBlog) – Is The Greek Debt Crisis Being Purposely Hyped And Manipulated? – Read More Here

(KurtNimmo) – Banksters Throw a Trillion Bucks Down a Black Hole

The EU apparatchiks are in crisis mode. European Union boss Jose Manuel Barroso told us not to worry, though. They’re on it.
“This morning’s agreement will ensure that any attempt to weaken the stability of the euro will fail,” said Barroso today as the EU threw around a trillion bucks at the cancer spawned by the Greek debt crisis. “We have stated that we will do whatever is necessary to defend the stability of the euro,” he said with an actor’s confidence. Read More Here

(Guardian) – The Greek spirit of resistance turns its guns on the IMF

Years of national denial about looming bankruptcy have turned to resentment as Greece is told how it must tackle its debt crisis Read More Here

(PaulWatson) – American Taxpayers Looted To Bail Out The Euro

American taxpayers have been freshly liberated of hundreds of billions more dollars as part of the IMF’s new bailout package which is principally going straight to European banks, in addition to the Federal Reserve program to ship U.S. dollars to Europe, in a move that represents little more than a desperate effort to save the Euro and rescue the credibility of economic global governance. Read More Here

(ZeroHedge) – The Latest US Taxpayer Bill To Save Europe, And Specifically The French Banks: $57 Billion – Tyler Durden

As the US and its taxpayers represent roughly 20% of total IMF funding, today’s 3% loss in dollar purchasing power to the middle class will cost the middle class $57 billion. Read More Here

(ZeroHedge) – Summary Of The Biggest Bail Out Ever: Even Keynes Is Spinning In His Grave – Tyler Durden

Europe has now followed the Fed in its all in move to prevent the disintegration of the euro and of Europe. As we expected, the EU was leaking various rumors to gauge market interest, and as speculated earlier, the final cost ended up being just short of one trillion. Here are the key summaries: Read More Here

(LondonTelegraph) – British taxpayers ordered to bail out euro

All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system. Read More Here

(AP) – Federal Reserve opens credit line to Europe

The Federal Reserve late Sunday opened a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.

Other central banks, including the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank and the Bank of Japan also are involved in the dollar swap effort. Read More Here

(C4L) – Video: Ron Paul’s Texas Straight Talk – Continue reading