Economy

(EconomicPolicyJournal) – Goldman Sachs Continues to Receive Enormous Assistance from Taxpayers Read More Here

(Examiner) – Schwarzenegger axes low-cost auto insurance program as state & feds fleece impoverished public Read More Here

(BusinessInsider) – Goldman Again Tries To Dispel Notion That It Bets Against Its Clients Read More Here

(BobChapman) – The US dollar is vulnerable because of a staggering public debt

Almost every day in almost any currency your purchasing power in terms of gold is less and less. Thus, these currencies in which you save the fruits of your labor are cheating you out of your savings. Read More Here

(GlobalResearch) – Shadow Banking: Going After the Banksters. Then and Now Read More Here

(GlobalResearch) – Billions of Dollars of Stolen Money; Key Findings on the Wall Street Bank Bailout Tally Read More Here

(KurtNimmo) – Former Fed Mob Boss Calls for VAT and Carbon Taxes

One thing is certain. If Obama and his “economic advisers” have their way, you will be paying significantly higher taxes directly to the banksters. Since payroll taxes are already egregiously high, the preferred method is either a sales tax or a so-called value added tax, also known as VAT. Glenn Beck is a fan of this form of government fleecing while his “conservative” counterpart Bill O’Reilly prefers a straight sales tax to pay down the national debt. Read More Here

(CNNMoney) – Fed Says “Recovery” May Lose Steam

Federal Reserve policymakers are worried that the economic recovery may lose steam going forward, despite recent moderate improvements, according to minutes from their recent policy meeting released Tuesday. Read More Here

(AFP) – Murdoch Says “People Will Start Paying” for His Newsites “When They Have Nowhere Else to Go”

Mr Murdoch, in an interview with journalist Marvin Kalb for The Kalb Report on Tuesday, also said he believed most US newspapers would eventually end up charging readers online, like he does with The Wall Street Journal and plans to do with his other properties beginning with The Times of London. Read More Here

(WSJ) – Bernanke Says Americans Must Pay Off “Public” Debt

The U.S. must start to prepare for challenges posed by an aging population with a credible plan to gradually reduce a soaring public debt, Federal Reserve Chairman Ben Bernanke said Wednesday. Read More Here

(ZeroHedge) – The Latest Gold Fraud Bombshell: Canada’s Only Bullion Bank Gold Vault Is Practically Empty Read More Here

(DailyCaller) – IRS chief: Buy health insurance or lose your tax refund

Individuals who don’t purchase health insurance may lose their tax refunds according to IRS Commissioner Doug Shulman. After acknowledging the recently passed health-care bill limits the agency’s options for enforcing the individual mandate, Shulman told reporters that the most likely way to penalize individuals that don’t comply is by reducing or confiscating their tax refunds. Read More Here

(MailOnline) – How £300 million was squandered on swine flu jabs that we didn’t need Read More Here

(Reuters) – Volcker: Taxes likely to rise eventually to tame deficit

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday. Read More Here

(NYTimes) – Automaker Pensions Underfunded by $17 Billion

The pension plans at General Motors and Chrysler are underfunded by a total of $17 billion and could fail if the automakers do not return to profitability, according to a government report released Tuesday. Read More Here

(AP) – Atlantic City casinos struggling with economy Read More Here

(Globe&Mail) – GM posts $4.3-billion loss Read More Here

(MarketOracle) – Protect Your Wealth From Exploding Debt as States Implode

The world is breathing a sigh of relief now that the financial crisis in Greece is “over.” Yeah, right. Greece’s financial misdeeds — the country has racked up a lot of debts it can’t pay — will probably come back to haunt Europe, and soon. Read More Here

(MarketWatch) – ‘Wall Street’ sequel is an omen of U.S. collapse

Yes, Oliver Stone is suddenly America’s hottest market timer, as well as the voice of the inner “American Soul,” warning investors of a collapse. Remember the Crash of 1987? One-day 23% drop. Happened just before his 1987 “Wall Street” film hit the theaters. Read More Here

(MoneyNews) – Report: Panicky Investors Pull Cash Out of Greek Banks

Greek banks are being hit by a wave of redemptions as rich citizens and companies look to move their money to big global banks or offshore as the country’s debt crisis rages, the Telegraph newspaper reported on its Web site. Read More Here

(Telegraph) – Fed boss Greenspan says no one saw the crisis coming. Really?

Only in America. Only in America would it be possible to spawn a financial crisis so devastating that it would collapse the entire world economy. Read More Here

Video: Catherine Austin Fitts Breaks Down Gov. Hostile Takeover of Pensions on The Alex Jones Show

Alex also welcomes back to the show Catherine Austin Fitts, president of Solari, Inc., the publisher of The Solari Report, and managing member of Solari Investment Advisory Services, LLC. She also served as Assistant Secretary of Housing/Federal Housing Commissioner at HUD in the first Bush Administration, and was the president and founder of The Hamilton Securities Group, Inc., a broker-dealer/investment bank and software developer. Catherine publishes the column “Mapping the Real Deal” in Scoop Media in New Zealand and serves on the board of the Gold Anti-Trust Action Committee. Continue reading

Video: Life’s Easy For Government Workers – Andrew Napolitano & Peter Schiff

(Fox) – Freedom Watch – February 24, 2010

See Also: Ron Paul on Freedom Watch – Winning the Hearts and Votes of Conservatives – Continue reading

Pensions: the Next Casualty of Wall Street

Nobody wants to admit it, but the next casualty of the Wall Street meltdown will probably be your golden years. For years corporations have been trying to choke the life out of traditional pensions, working hard to get out from under the risk—and the cost—of providing for their retirees. Between last year’s credit crunch and changes to federal pension laws, they may get their wish. Continue reading

The End of Money and the Future of Civilization

It’s too late for anyone to pretend that the U.S. government, whether under President Barack Obama or anyone else, can divert our nation from long-term economic decline. The U.S. is increasingly in a state of political, economic, and moral paralysis, caught as it were between the “rock” of protracted recession and the “hard place” of terminal government debt. Continue reading

Sick and Wrong

How Washington is screwing up health care reform – and why it may take a revolt to fix it Continue reading

Americans: Serfs Ruled by Oligarchs – Paul Craig Roberts

“In a little time [there will be] no middling sort. We shall have a few, and but a very few Lords, and all the rest beggars.” R.L. Bushman
“Rapidly you are dividing into two classes–extreme rich and extreme poor.” “Brutus”

Americans think that they have “freedom and democracy” and that politicians are held accountable by elections. The fact of the matter is that the US is ruled by powerful interest groups who control politicians with campaign contributions. Our real rulers are an oligarchy of financial and military/security interests and AIPAC, which influences US foreign policy for the benefit of Israel. Continue reading

Faulty Forecasting – Ralph Nader

Companies that specialize in stock market forecasting and trading—such as Goldman Sachs, Citigroup, Morgan Stanley, and JPMorgan Chase—pay very high salaries to their employee-vendors. New York Attorney General Andrew Cuomo just released data showing that these and other large banks are giving each of their 5000 trader-forecasters bonuses of at least one million dollars. Continue reading

Grand Theft Auto: The Bankruptcy of General Motors

They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day. Continue reading

MSM: Leap in U.S. debt hits taxpayers with 12% more red ink

(USA Today) – Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows. Continue reading

Video: I.O.U.S.A. – Byte-Sized – The 30 Minute Version

By now, you may have heard about our acclaimed documentary I.O.U.S.A., a film that boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. The film has been a huge hit, getting rave reviews from Roger Ebert and others.

Now, we proudly release a 30-minute condensed version of I.O.U.S.A. designed specifically for watching and sharing on the web – for free. Continue reading