(RussiaToday) – Congressmen Ron Paul and Barney Frank are sending a letter to US President Barack Obama with a proposal to cut the military budget by a trillion dollars. As the economy and the budget deficit continues to worsen, it seems that this is a very logical place to start cutting out funds. Paul Craig Roberts says that while passing this initiative would be great, he is skeptical that it will pass because Congress would lose too much campaign money. Continue reading
(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
Alex welcomes back Congressman Ron Paul to the show to discuss the latest on Iran, legislation in the house, and more. Dr. Paul is a member of the U.S. House of Representatives. During the 1960s, he served as a flight surgeon in the U.S. Air Force. Continue reading
(Fox) – Judge Napolitano – Continue reading
(C4L) – I have often spoken about the excessive size of government, and most recently how waste and inefficiency needs to be eliminated from our military budget. Our foreign policy is not only bankrupting us, but actively creating and antagonizing enemies of the United States, and compromising our national security. Spending more and adding more programs and initiatives does not improve things for us; it makes them much much worse. This applies to more than just the military budget.
Recently the Washington Post ran an extensive report by Dana Priest and William M. Arkin on the bloated intelligence community. They found that an estimated 854,000 people hold top-secret security clearances. Just what are all these people up to? By my calculation this is about 11,000 intelligence workers per al Qaeda member in Afghanistan. This also begs the question — if close to 1 million people are authorized to know top secrets, how closely guarded are these secrets? Continue reading
He’s radical and not mainstream, this tells the truth about him. Continue reading
This is an unofficial illustrated version of Ron Paul’s July 12 broadcast on Afghanistan. And you thought a few $69 toilet seats were a big deal. Continue reading
(FoxNews) – Judge Napolitano – July 10, 2010 – Continue reading
(FoxBusiness) – July 10, 2010 – Continue reading
(CNN) – Editor’s note: CNN does not mention it, but the presence of Sarah Palin demonstrates how the establishment has taken over the Tea Party.
Sarah Palin and Ron Paul are two darlings of the Tea Party movement, but their views on military spending could hardly be more different.
Palin, the former Republican vice presidential nominee, invokes the importance of a strong and robust military in speech after speech, while Paul, the libertarian Republican who rocketed to the national scene during the 2008 presidential race, has long argued for drastic cuts in defense spending.
It’s a schism that has long existed within the GOP’s fold – between hawkish conservatives and spend-weary Republicans – but one which the Tea Party movement’s diverse coalition and varied figure heads have specifically laid bare over the past year. Read entire article
Part 1 of 2
Alex covers the latest from the aftermath of the G8/G20 Summit in Toronto this past weekend, and details the newest attack against Ron Paul by the FEC. Continue reading
See Also: (June 30) – Video: Chuck Baldwin on Alex Jones – FEC Attempts to Shut Down Campaign for Liberty – Video Part 1 – Part 2
(C4L) – Dear Liberty Activist,
The FEC has launched a pair of investigations on Campaign for Liberty.
Both are meritless, but could seriously disrupt our growing program.
Please read Campaign for Liberty President John Tate’s letter below and stand with us. Continue reading
(FoxNews) – Judge Napolitano with Ron Paul on the Freedom Movement Continue reading
(Fox) – June 12, 2010 – Continue reading
(RevoltofthePlebs) – Yes We Can, Afghanistan
Bringing Western feminism to the women of Afghanistan is the latest despicable tactic being tried by the US military in this ‘graveyard of empires.’ Read More Here
(KurtNimmo) – IDF Retracts Claim al-Qaeda was on Flotilla, Corporate Media Silent
Israel has retracted its absurd claim that al-Qaeda was involved in the Gaza aid flotilla. But don’t expect the corporate media to report this. From Democracy Now:
The Israeli military, meanwhile, has been forced to retract its claim that passengers aboard the flotilla were agents of al-Qaeda. An Israel Defense Forces press release sent out two days after the assault says approximately forty flotilla passengers “are mercenaries belonging to the Al Qaeda terror organization.” The independent journalist Max Blumenthal says both he and an Israeli colleague asked the Israeli military press office to substantiate its claim. No evidence was provided, and one day later the press released was modified. The original headline was changed from “Attackers of the IDF Soldiers Found to be Al Qaeda Mercenaries” to “Attackers of the IDF Soldiers Found Without Identification Papers.” Commenting on the retraction, Blumenthal writes, “The more Israel’s claims about the flotilla’s terrorist links are challenged, the more they fall apart.”
Indeed, the fairy tale may fall apart, but that does not mean the pro-Israeli corporate media has to report the truth. – Source: Infowars
(DigitalJournal) – Castro speculates Obama might strike Iran to win second term
Former Cuban President Fidel Castro believes if United States President Barack Obama orders a nuclear strike of Iran, he will win a second term. He also believes the U.S. could attack North Korea soon Read More Here
(SouthLebanon) – US Media’s pro-Israeli Bias: Response to the Freedom Flotilla Slaughter – Read More Here
(Blog) – Review of Zionism, Militarism And The Decline Of US Power by James Petras
The hegemonic influence of Zionist-Israeli forces over America’s foreign policy, particularly Middle East policy, is a phenomenon without historical precedent. While right-wing radicals, with their focus on patriotism and constitutional values, set off early alarms about this perceived foreign domination, the Left pretty much slept through its insidious ascent to power. Read More Here
(Independent.ie) – Elderly activist shot and ‘let bleed to death’
Released activists who had been on board the ‘MV Mavi Marmara’ claimed yesterday that the commandos waited more than an hour before treating the wounded. Read More Here
(Blog) – The Legal Framework of International Law The Attack on the Gaza Freedom Flotilla by Israeli Navy Commandos on May 31, 2010 – Read More Here
(Telegraph) – Gaza flotilla: Israel accused of ‘sabotaging’ Irish aid ship Rachel Corrie – Read More Here
(BushStole04) – Why did Israel Attack Civilians in the Mediterranean?
Israel weighed in advance the consequences of its attack against a humanitarian convoy of ships carrying aid to the Gaza Strip. What were its objectives in triggering a world diplomatic crisis, and why did it defy its Turkish ally as well as its U.S. protector? Read More Here
(AFP) – North Korean diplomat: ‘War may break out at any moment’
In a speech to the international Conference on Disarmament, Ri Jang-Gon, deputy permanent representative for North Korea at the United Nations in Geneva, blamed the “grave situation” on South Korea and the United States. Read More Here
REPOST – (ConsortiumNews) – Obama’s Timidity and Deaths at Sea – Ray McGovern
Casualty figures are still arriving in the wake of Israel’s Sunday night-Monday morning commando attack on an unarmed flotilla trying to bring relief supplies to the 1.5 million Palestinians crowded into Gaza. Already, at least nine civilian passengers aboard the ships are reported killed, and dozens wounded. Read More Here
(Infowars) – Memorial Day and the Freedom Flotilla massacre – Read More Here
(TodaysZaman) – Israel killed more than 9, threw wounded into sea, witnesses say
Planes carrying 520 aid volunteers and nine dead bodies of activists killed by Israeli security forces on Monday returned home on Thursday, with many claiming mistreatment at the hands of Israeli military officers and other officials and additional allegations that not everyone has returned. Read More Here
Video: CENSORED Mainstream Media – Israels Simultanious Demonstrations Against Fascism All Around Israel
(ABCNews) – American, 19, Among Gaza Flotilla Dead
Furkan Dogan Was Shot Five Times, Including Four Times in Head – Read More Here
(MSM) – UN Orders Israel to lift Gaza Blockade
UN chief Ban Ki-moon has demanded that Israel lift its blockade of the Gaza Strip immediately in the wake of a deadly raid on a Gaza-bound aid flotilla.
Speaking on his return from visits to Brazil, Malawi and Uganda, Ban told reporters on Wednesday that the underlying problem behind Monday’s tragedy was the long-running, crippling Israeli siege of Gaza which he described as “counter-productive, unsustainable and wrong.” Read More Here
(HuffingtonPost) – Former UN Assistant Secretary Urges Irish-Americans to Defend the Rachel Corrie – Read More Here
(AlterNet) – Activists on the Ship ‘Rachel Corrie’ Challenge Israel’s Unjust Gaza Blockade and Zionist Myths – Read More Here
(KurtNimmo) – Mavi Marmara Activist and Member of Knesset Threatened with Death
Can you imagine what would happen if members of Congress called for the murder of Dennis Kucinich on the floor of the House for his opposition to the illegal war in Afghanistan? Or if Michele Bachmann was violently threatened for her support of the Arizona immigration law?
Haneen Al-Zoubi, a Palestinian Arab member of the Israeli Knesset, found herself precisely in this unenviable position yesterday. Read More Here
(IPS) – Neocons Say Obama’s Waffling On Gaza Ship Attack May Give Israel Excuse to Invade Iran – Read More Here
(CSPAN) – Video: Ron Paul Points Out That Israel Created Hamas
Ron Paul on the House floor noting that the just like the U.S. created Bin Laden, Israel created Hamas. View More Here
(Infowars) – June 4 – Video: Ex-Mossad Agent Victor Ostrovsky Criticizes Israel’s Handling of Flotilla Raid on Alex Jones Tv
Alex also talks with author and former Mossad agent Victor Ostrovsky about the Israeli attack on the Gaza flotilla. Ostrovsky is the author of the 1990 New York Times bestseller By Way of Deception: The Making and Unmaking of a Mossad Officer and The Other Side of Deception. Continue reading
(C4L) – The day after Republican Rand Paul’s landslide primary victory in Kentucky, the mainstream Left tried to paint him as a segregationist, while the mainstream Right either ignored or attacked him. And for good reason. Like his father Ron, Rand represents revolution, and the establishment is petrified.
Let’s begin with the Left. Afraid that they can’t beat a conservative Republican of Paul’s pedigree in the Tea Party-influenced, anti-Obama political climate of 2010, liberals are trying to run against him in 1964. Cherry-picking irrelevant references Paul has made about private property rights and how they could possibly relate to the Civil Rights Act or even the Americans with Disabilities Act, Democrats are trying to portray Rand the libertarian as a closeted Klansman who secretly hates “coloreds” and “cripples.” Continue reading
(KurtNimmo) – Next Rand Paul Slam: Anchor Babies
In the wake of the “scandal” of Rand Paul’s unwavering support of property rights, the corporate media has fired another salvo from its trebuchet. Now it insinuates that Rand Paul is a racist because he is opposed to the government granting citizenship to anchor babies. Read More Here
(RonPaul) – Ron Paul Defends Rand Against Concerted Corporate Media Attack
It sure didn’t take long for the entire establishment to attack my son Rand in the days after he won the Kentucky Senate primary.
As I left Kentucky last week, I was both happy for Rand and anxious for what I knew would be coming at him soon. But it came sooner than even I feared. Read More Here
(MustangDaily) – Rand Paul revisits Civil Rights Act
Dr. Rand Paul (son of Dr. Ron Paul) of Kentucky secured the Republican nomination for the United States Senate last Tuesday. His nomination has sparked a media firestorm. Jack Conway, the Democratic nominee for Senate, claims that Rand Paul plans to “repeal” the 1964 Civil Rights Act. Read More Here
(PaulWatson) – Daily Kos Releases Dubious Poll To Undermine Support For Rand Paul
In a blatant effort to counter the recent independent Rasmussen poll which found that, despite a contrived corporate media smear campaign, Rand Paul was beating his Democratic opponent Jack Conway by a whopping 25 points, establishment liberal outfit The Daily Kos has released a dubious poll that claims Paul is only leading by three points. Read More Here
(SteveWatson) – “Rise Of The New Right” MSNBC Documentary Cites Alex Jones, Rand Paul As “Extremists”
MSNBC has begun airing trailers for an upcoming documentary, which the network has titled “Rise Of The New Right”, that prominently features interview footage with Alex Jones.
The show, to be broadcast on June 16th, is presented by Hardball host Chris Matthews and will include segments of an interview Matthews conducted with Jones earlier this year in Austin, Texas. Read More Here
(May 26) – Alex talks with Ron Paul, a physician and Republican Congressman for the 14th congressional district of Texas. Paul is the founder of the advocacy group Campaign for Liberty and his ideas have been expressed in numerous published articles and books, including End The Fed and The Revolution: A Manifesto. Ron Paul has the most Constitution friendly voting record of any member of Congress since 1937. Continue reading
(PaulWatson) – In an interview with Alan Colmes, Ron Paul points out that it was the government who enforced segregation laws, not his son Rand Paul, who is being branded a racist by the attack dog media for simply re-affirming the fact that even unpopular aspects of the First Amendment must be protected for it to stand for anything.
As we have exhaustively documented, the corporate media was intent on manufacturing a contrived race baiting scandal around Rand Paul even before the Civil Rights Act argument cropped up. In the immediate aftermath of his crushing defeat of establishment neo-con Trey Grayson, the media attempted to characterize the Kentucky primary winner as a racist elitist simply because he held his victory celebration at a country club. Continue reading
(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
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
(C4L) – The spotlight remains on the Greek sovereign debt crisis as the riots continue. The terms of the Greek bailout from the IMF and Eurozone countries remain contentious with citizens on all sides. Europeans hate having their governments throw public money away as much as Americans do. The Greeks are not happy about having their taxes raised while their pensions and salaries are cut. Meanwhile, it is rumored by the Financial Times, AFP and others that Greece may spend more than it saves from austerity measures on arms deals with Germany, France and the US as a potential condition of receiving bailout funds. If true, it is certainly not unprecedented for the global military industrial complex to benefit from deals made by their friends in the central banking community. After all, war is the health of the state. The last thing big government proponents want is for peace to break out in the world. Continue reading
(BusinessInsider) – Tomorrow Rand Paul will take a major step towards being the highest ranking “Tea Party” politician in the country.
Rand — whose father Ron Paul is well-known and beloved by money –appears to be a shoo-in to win his Primary contest in Kentucky.
Current polls have him solidly leading establishment rival Trey Grayson, who was endorsed by sitting Kentucky Senator Mitch McConnell. That didn’t help much.
(BusinessInsider) – Schwarzenegger Warns Of “Terrible Cuts, Absolutely Terrible Cuts” Coming In California – Read More Here
(RumormillNews) – 27 Reasons Why You Should Buy Silver NOW
The following is a list of facts and reasons to switch all your Gold investments into Physical Silver: Read More Here
(CounterPunch) – The May 6 Stock Crash Revisited – “Over My 21 Years on Wall Street, I Never Saw Anything Remotely So Suspicious” – Read More Here
(Breitbart) – Bankers jailed, sued as Iceland seeks culprits for crisis
Four former Kaupthing executives, who all live in Luxembourg, have meanwhile been arrested in Iceland in the past week and Interpol has issued an international arrest warrant for that bank’s ex-chairman, Sigurdur Einarsson. Read More Here
(ZeroHedge) – Panic Buying Of Physical Gold In Europe Threatens Depletion Of Austrian Mint – Tyler Durden
When global governments refuse to act responsibly toward their currency, the people will create their own currency. Welcome gold.
( NAW ) 05/12 08:57AM AUSTRIAN MINT SAYS SOLD 243,500 OZ GOLD IN COINS AND BARS IN LAST 2 WEEKS, MORE THAN IN ENTIRE Q1
( NAW ) 05/12 08:58AM AUSTRIAN MINT SAYS GOLD ORDERS COMING ENTIRELY FROM EUROPE IN LAST FEW WEEKS, SIGNS OF “PANIC BUYS”
(MarketTicker) – Record Deficit For An April – Read More Here
(HeraldScotland) – Economy ‘worse than Spain’
The UK’s economy is in worse shape than Spain, and may not be able to bear the deep spending cuts proposed by the Conservatives, one of Scotland’s leading fund managers has told The Herald. Read More Here
(VancouverSun) – Canadians spend their way to top of debt heap, report says
Helped by rock-bottom interest rates, consumers have been borrowing at unprecedented levels and now owe a record $1.41-trillion, putting Canada in the number one spot among OECD nations in terms of consumer debt to financial assets, says a study by the Certified General Accountants Association of Canada. Read More Here
(USAWatchdog) – Gold Is Money
The Western financial world is officially in full panic mode. A nearly $1 trillion bailout of Greece confirms that fact. Our very own Federal Reserve is providing billions to the effort, but this is much more than a bailout for Greece. It is a bailout for banks holding Greek debt and the debt of other European nations teetering on default. Read More Here
(ZeroHedge) – Here Comes The Bailout Bailout: European Cental Banks Gobbling Up Portuguese, Irish And Greek Government Bonds
And so the European private banks win the overnight battle with the Central Banks again: after shorting the EURUSD all the way to almost 1.25, they have forced the European Central Banks to buy ever more of their worthless Government bond holdings. Reuters reports that overnight CBs have been aggressive buyers of Greek, Portuguese and Irish Sovereign (if there is such a laughable concept as sovereign any more) bonds, which in turn has forced a quick short covering spree in the EURUSD and the EURJPY, which in turn has forced futures to go from 10 handles down to up 4. In other words, Central Banks now are fighting tooth and nail to prevent the market from going down ever again. Read More Here
(CNBC) – Video: Peter Schiff on CNBC – Gold to $10,000/oz!
(RussiaToday) – Video: Adam Kokesh on RT – The Fed is under audit – Video Link Here
(BigEye) – 62 Obvious Traitors – To be removed from public office
The below traitors in the U.S. Senate have now shown how corrupt they are. They voted to prevent a full audit of the Federal Reserve Bank. By this action, they have conspired to continue secretly hiding the theft of taxes taken from the incomes of America’s workers.
By voting as the paid-off traitors they obviously are, they are pushing America into further financial disaster. Read More Here
(MailOnline) – ‘Vampire Squid’ Goldman Sachs confesses it is being investigated for helping Greece hide its debts
The controversial Wall Street bank – nicknamed the Vampire Squid because its tentacles stretch far and wide – is accused of having profiteered out of a complex currency deal that helped Greece massage its finances. Read More Here
(SMH) – Spain cuts salaries as Europe faces up to crisis
Spain announced dramatic cuts to public sector salaries and Greece received its first injection of an IMF bailout on Wednesday as Europeans faced up to the reality of their massive debt crisis. Read More Here
(EarthTimes) – Romanian retirees protest against pension cuts – Read More Here
(OnlineJournal) – What is good for Goldman Sachs is bad for the world – Read More Here
(HuffingtonPost) – The Real Misery Index April 2010: Underemployment Woes Lead To Two-Tier Economy
The unemployment crisis continues to stymie a full economic recovery, with ripple effects from credit card delinquencies and rising food stamp participation indicating new hardships for millions of Americans, according to the latest update of Huffington Post’s Real Misery Index. Read More Here
(RawStory) – US trade deficit biggest in more than two years – Read More Here
(CNNMoney) – Video: We Will Have Even More Crises in the Future: Nouriel Roubini – View Video Here
(LATimes) – Welfare system could cause Israel to collapse, economist warns
Nearly one in five Israeli men between the ages of 35 and 54 do not work, including Arabs and ultra-Orthodox Jews, says Dan Ben-David. As their numbers rise, so does the economic peril, he says. Read More Here
(Kitco) – Comex Gold Hits All-Time Record High in After-Hours Trading
Comex gold futures Tuesday afternoon hit a new all-time record high of $1,232.50 an ounce. The previous record high of $1,227.50, basis nearby futures, was set in December of 2009. Gold continues to benefit from safe-haven buying interest amid the European Union’s sovereign debt crisis, and on building bullish technical momentum. With gold prices now in uncharted territory, traders should look for higher volatility both on the upside and on the downside, but with a continued upside bias. Source: Kitco
(Rense) – Financial ‘Reform’ Bill Will Guarantee More Stealng The Fruits Of OUR Labor
The Congress has been busy. Why, haven’t you seen all these stern looking professional politicians from both sides on cable news networks jockey for their “solution” to our dire economic situation?
It’s all a load of highest grade manure. Read More Here
(AP) – Federal Stimulus Money Used To Demolish Houses Read More Here
(NYTimes) – 4 Major Banks Manipulate Market For Perfect Months Of Trading
It is the Wall Street equivalent of a perfect game of baseball — 27 up, 27 down, the final score measured in millions of dollars a day.
Despite the running unease in world markets, four giants of American finance managed to make money from trading every single day during the first three months of the year. Read More Here
(PaulWatson) – Alan Grayson: “We Beat The Fed”
While many are expressing disappointment and even despair that the Senate voted down Ron Paul’s audit the Fed bill while passing a weakened version, Congressman Alan Grayson is confident that the stronger provisions of the original House amendment can be added in Committee, ensuring the Federal Reserve doesn’t get off the hook, as Congressman Paul has warned. Read More Here
(RussiaToday) – Video: Two for one – Auditing Ft. Knox and the Fed
The American Public is demanding for it and they may be getting a two for one deal. An audit of the Federal Reserve will be conducted; specifically its dealings with financial institutions right before and after the financial crisis. This audit will also be conducted on Fort Knox; the audit is taking place in order to determine where money is going and seek some transparency about who received money from the Federal Reserve. Continue reading
(C-Span) – Video: Ron Paul I Am Very Concerned About What’s Going To Happen!
(Reuters) – U.S. Senate rejects broader Fed audit amendment: May 11
The U.S. Senate rejected an amendment on Tuesday that would have exposed the Federal Reserve to broader scrutiny by Congress, which critics said would extend to monetary policy decisions. Read More Here
(DailyCrux) – Porter Stansberry: The U.S. dollar is about to implode – Read More Here
(DailyMail) – Unions warn of Greek-style riots in Britain against public sector cuts after court victory over capping of redundancies
Militant unions today sent a chilling warning of Greek-style strikes and protests after winning a major legal victory for civil servants made redundant.
The warning raises fears of months of chaos triggered by a furious public sector who refuse to accept painful changes to tackle Britain’s financial crisis. Read More Here
(Reuters) – FOREX-Euro falls as market doubts rescue package
The euro fell on Tuesday as the relief rally unleashed by an emergency aid package to prevent the spread of a euro zone debt crisis dissipated and the focus switched back to structural problems plaguing the bloc. Read More Here
(WashingtonsBlog) – The Second Leg of the Great Depression Was Caused by European Defaults
Many Americans know that the Great Depression was started by the bursting of the giant Wall Street bubble of the 1920’s (fueled by the use of bank deposits on speculative gambling, which is why Glass-Steagall was passed) , which in turn caused a run on American banks. Read More Here
Video: Gerald Celente on The Tommy Schnurmacher Show Continue reading
(Fox) – Various segments from Judge Andrew Napolitano’s show May 10th – Topics: Continuing Bush’s Foreign Policy; Drug Bust Gone Awry; Gary Johnson Shrank Government; Dealing with Fiscal Emergencies; Concerns for the Fed with guest Ron Paul – Continue reading
(PaulWatson) – As Europe is bailed out to the tune of nearly $1 trillion dollars, Congressman Ron Paul warns that the constant monetization of debt, allied with taxpayer-funded bailouts, will inevitably lead to runaway inflation and the collapse of paper currencies.
Under the terms of the Federal Reserve’s credit swap deal with the EU – in addition to an additional IMF bailout of which U.S. taxpayers will be picking up 20 per cent ($57 billion dollars) of the tab, Paul pointed out that not just taxpayers but “anybody that buys anything” will be funding the European bailout because of the attendant inflationary consequences. Continue reading
(CampaignForLiberty) – Is Sovereign Debt Crisis Contained to Subprime? – Peter Schiff
As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory. Read More Here
(IsraelFinancialExpert) – The Euro Crisis and the Euro Collapse- A run on the banks is Imminent – Read More Here
(BullionBullsCanada) – The Silver Price Spiral, Part III: tomorrow
In Part I of this series, I introduced readers to the idea that the price of silver could soar to levels which would even surprise most silver-bulls. In Part II of this series, I pointed out that when our “paper inventories” of silver are exposed that this, alone, sets up the silver market for an enormous price-shock. In Part III of this series, I will discuss how silver has perhaps the most-bullish demand fundamentals of any commodity in history Read More Here
(AZFamily) – Video: Hundreds seek to fill vacant positions at Pro’s Ranch Market
Job hunters turned out in the hundreds to fill recently-vacant positions at Pro’s Ranch Market stores, where a federal audit led to the firing of some 300 workers. View Video Here
(CityWire) – Would You Put Up With What is Being Asked of the Greek People?
Want to know exactly why public anger in Greece is running at such explosive levels? Then take a look at the austerity measures currently being debated by the Greek parliament. Read More Here
(Slate) – Shadow Banking: Keeping the Fed Honest – Eliot Spitzer
Why is the Federal Reserve so afraid of openness and accountability? – Read More Here
(GlobalResearch) – Financial Manipulation and Inside Information: Did the Stock Market Drop Or Was It Pushed? – Danny Schechter
The Wall Street Journal headline on the day after we almost lost the market reported that the wise men on the Street were “baffled” by the big drop Thursday. The Financial Times called the event “Shambolic” as if only a shaman can decode it. Read More Here
(BusinessInsider) – Wealth And Inequality In America: The Rich are getting Richer and the Poor are getting Poorer – Gus Lubin – Read More Here
(FinancialTimes) – Plunge in US equities remains a mystery
The day after $1,000bn was briefly wiped off the market value of US equities, traders were still trying to work out what caused share prices to plunge and then rebound so dramatically in a matter of minutes. Read More Here
(ComingDepression) – Unmentioned: USA slaps more tariffs on China
“The U.S. Department of Commerce said yesterday that it has set preliminary anti-dumping duties on refined Chinese and Mexican copper pipe worth hundreds of millions of U.S. dollars.”
Unless we wake up in the West to what has happened with China monopolizing the world manufacturing sector and supplying easy credit to keep buying their products, we’ll end up like Greece too. China is acting on emotion to sustain its country because if the people there are jobless, we stop buying their stuff – they will collapse into civil strife. Read More Here
(Spiegel) – Huge National Debts Could Push Euro Zone into Bankruptcy
Greece is only the beginning. The world’s leading economies have long lived beyond their means, and the financial crisis caused government debt to swell dramatically. Now the bill is coming due, but not all countries will be able to pay it. Read More Here
(HuffingtonPost) – Stock Market Collapse: More Goldman Market Rigging? – Ellen Brown
Goldman and Wall Street reign. Congress appears helpless to discipline the big banks, just as the European Central Bank appears helpless to prevent the collapse of the European Union. . . . Or are they? Read More Here
(Current) – Thomas Jefferson – Banks more Dangerous than Armies
Banking institutions, paper money, and paper speculation are capable of undermining the nation’s stability and could be a danger in time of war. The Constitution does not empower the Congress to establish a National Bank. Rather than trust the nation’s currency to private hands, the circulating medium should be restored to the nation itself to whom it belongs. Read More Here
(TheAtlantic) – Revised Senate Fed Audit Amendment Lacks Bite
Perhaps no other force had as much to do with stabilizing the financial system during the crisis as the Federal Reserve. And no other influence is shrouded in so much mystery. Although its tactics were hugely successful, the Fed has become incredibly controversial due to its secrecy. It has some politicians on both sides of the aisle calling for an audit to enhance transparency. But the Senate amendment — sponsored by Sen. Bernard Sanders (I-VT) — changed significantly on Thursday and lost much of its bite. Read More Here
(AP) – FDIC shuts banks in Fla., Minn., Ariz., Calif.
Regulators on Friday shut down banks in Florida, Minnesota, Arizona and California, bringing the number of U.S. bank failures to 68 this year. Read More Here
(TheComingDepression) – Mortgage fraud in Canada highlights tumbling market
“The Bank of Montreal has been hit by a huge mortgage fraud in Alberta that may cost it $30 million, a report said. The bank is suing hundreds of people in connection with the scam, including lawyers, mortgage brokers and four of its employees, CBC News said, citing legal documents.”
The case may be the largest mortgage fraud in Canadian history, generating about $140 million, with funds channeled as far as Lebanon, India – Read More Here
Video: Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed
Rep. Alan Grayson discussed the Federal Reserve’s purchase of debt from Bear Stearns, including debt from recently foreclosed Red Roof Inn’s.
(RussiaToday) – Video: World economies in depression – Webster Tarpley – View Video Here
Video: Letterman – Brian Williams On The Stock Market Collapse – View Video Here
(Fox) – Video: Ron Paul on FOX News – “This is a currency crisis” – Video Link Here
Video: Senate Sellout Threatens Ron Paul’s Audit the Fed Bill – View Video Here
(AFP) – Merkel blasts ‘treacherous’ banks in Greek crisis
German Chancellor Angela Merkel on Thursday slammed “treacherous” practices by banks during the Greek crisis and said governments must crack down on speculators hunting profits in the turmoil. Read More Here
(GlobalResearch) – The Global Economic Crisis, The Great Depression of the XXI Century – Michel Chossudovsky
The following text is the Preface of The Global Economic Crisis. The Great Depression of the XXI Century, Michel Chossudovsky and Andrew Gavin Marshall (Editors), Montreal, Global Research, 2010, which is to be launched in late May.
Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives. Read More Here
(C-SPAN) – Video: Ron Paul – Money Isn’t Worth What It Used To Be! – View Video Here
(Infowars) – Video: Bankers Laughing All the Way to the Bank
The ‘Audit the Fed’ bill has been watered down by Senator Bernard Sanders right at the last minute (a common strategy: pretend to be a populist, then at the last minute, the politician “gives in” in the spirit of compromise). The Audit the Fed bill could go to vote in the Senate any day now. View Video Here
(Infowars) – Video: Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones TV – View Video Here
(StraitsTimes) – Romania braces for austerity
ROMANIA braced on Friday for a wave of protests after the president unveiled austerity cuts in public sector wages and pensions to meet a deficit target set by the IMF and avoid a Greek emergency scenario. Read More Here
(CNSNews) – Sen. Shelby: Financial Reform Violates Privacy
Sen. Richard Shelby (R-Ala.), senior Republican on the Senate Banking Committee, said that provisions in the new financial regulatory bill violate privacy rights by allowing the government to collect any financial information it wants from any financial institution it wants. Read More Here
(GlobalResearch) – Economic Slash and Burn: Greece’s Deadly Austerity Measures
The Greek government, and its citizens, are feeling the economic pinch. A brutal reaction to protestors who fear the winding back of the country’s social system has stunned visitors and the public alike. A general strike has been in progress that has crippled schools, hospitals, airline flights and ferries. Protestors have swarmed around the central square in front of Parliament. Read More Here
(USAWatchdog) – The Canary is Dead
In the early days of coal mining, canaries acted as a warning that odorless poisonous gas was present. If there was a dangerous gas build-up, the canary would be the first to keel over. You can use the “canary in a coal mine” metaphor to describe the situation in today’s financial world. Greece is the canary. Read More Here
(BusinessInsider) – The “Real” Unemployment Rate Jumps To 17.1%
The BLS’s U-6 number, which is sometimes called the “real” unemployment rate, because it takes into discouraged workers who aren’t looking for work ticked up in April from 16.9% to 17.1%. Read More Here
(Bloomberg) – SEC Probes Whether Shock Stock Plunge Exploited Illegally
U.S. regulators plan to examine whether securities professionals triggered yesterday’s stock- market plunge or exploited the turmoil to profit illegally, two people with direct knowledge of the matter said. Read More Here
(Xinhua) – Greek protesters encircle parliament as new austerity measures approved
Tens of thousands of Greek citizens marched in the center of Athens on Thursday afternoon, encircling the parliament building, while inside the bill on the new austerity measures was approved. Read More Here
(BusinessInsider) – Amazing Audio From The S&P 500 Pits As The Market Goes Into Complete Collapse – Audio Link Here
(PrisonPlanet) – Audit the Fed Amendment Modified – Allows Fed To Keep Secrets
Ron Paul just posted the following message on Facebook:
Ron Paul: “Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His “compromise” is what the Administration and banking interests want: they’ll allow the TARP and TALF to be audited, but no transparency of the FOMC, discount window operations or agreement with foreign central banks. We need to take action and stop this!” Read More Here
(Neithercorp) – Economy Kept On Life Support While Global Governance Is Organized
While the mainstream media puts on the recovery song and dance, the fundamental problems of the collapse remain the same, and in some cases are growing ever more precarious. Subsections of the public, unaware of the real issues at hand, are holding a misguided jubilee in the tranquil eye of a hurricane, wrongly assuming that the storm has passed. Read More Here
(FireDogLake) – As Dow Swings, Obama To Come Out Against Audit the Fed Today – Read More Here
(Bloomberg) – Video: Marc Faber On Dow Plunge
“The governments are all bankrupt and they can only survive by printing money” – View Video Here
(PaulWatson) – EU Is Collapsing Like Tower Of Babel
But World Bank and IMF vultures are lying in wait to feed on the remains of Greece Continue reading
(Fox) – The judge covers auditing the federal reserve with Ron Paul; whether or not we’re in 1984; and secessionist movement with Lew Rockwell – Continue reading
(RawStory) – PART 1 OF 2: Darling of right-leaning pundits attacks promoters, says Glenn Beck ‘was kissing Bush’s booty and now he’s counting his change’
In a time of crisis, who can the people trust? Their political leadership, or fellow citizens?
Concerned the answer to that question might be turning into “neither,” Yale-educated ex-soldier and former Ron Paul organizer Stewart Rhodes hatched an idea that’s grown beyond his wildest imagination. Continue reading
(MSNBC) – Dylan Ratigan Show – May 3, 2010 Continue reading
May 3, 2010 – Congressional Pay Freeze a Good Start: Time to Restore Fiscal Sanity! Continue reading
(Fox) – Multiple Topics from April 26-27th Shows Continue reading
(MSNBC) – April 22, 2010 Continue reading