In 2006 Article White House Science Czar Still Talks Population Reduction and a “Substantial Carbon Tax”

(PrisonPlanet) – As recently as 2006, White House science czar repeated his call for curbing human population for the sake of the environment and “substantial carbon taxes”.

In the article titled “The Energy Innovation imperative: Addressing Oil Dependence, Climate Change, and Other 21st Century Energy Challenges“, Holdren admits (among other things) that notions such as “notably improving health care, reproductive rights, and educational opportunities for women” are, although “attractive in their own right”, only measures by which reduced population growth can be achieved. In regards to population-issues Holden writes (page 15): Continue reading

Carbonphobia, the real environmental threat

(Aletho) – The proposed construction of a new generation of nuclear plants is just one aspect of the environmental threat posed by cap and trade or carbon taxes. In this report I will address yet another threat, biomass energy generation. Wood chips and wood pellets are exempt from European Union permit rules for carbon emissions, ostensibly because the chipped trees recently absorbed carbon from the atmosphere. The fact that the trees would have sequestered the carbon for centuries if left as living natural habitat and soil regenerative decomposing matter is conveniently overlooked.

Energy legislation in the U.S. has yet to be passed but current bills similarly promote the wholesale clearing of forests for combustion. Bloomberg describes it as energy sprawl: Read More Here

4th of July: From Celebration of Independence to Acceptance of Slavery?

Fireworks remain the symbol of neverending war while we sing the anthem of death and destruction.
(KennySideShow) – It can be argued that the American war of independence against the British was the last just war in our history. You could add the War of 1812 when the English and European bankers took a stab at regaining central control but that’s it. We as a country were never threatened by external forces beyond that point. The threats were always internal. Bankers, corporations, corrupt politicians and their willing allies who hoped to gain favor and profit rigged the system.

Some will continue to say that the Civil War, WWI and the ‘good war’ WWII had to be fought to preserve our freedom. The only freedom won in these conflicts was for the few to be able to count their money unhindered and to impose taxes and fear on the ‘small people.’ Continue reading

Economy

(Independent) – How Goldman gambled on starvation

By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Read More Here

(Telegraph) – Britain facing £5.5 billion EU sanction

Britain could face sanctions costing the taxpayer £5.5 billion if it fails to meet spending targets set by a new EU “economic government”, under European Commission proposals. Read More Here

(PressTV) – ‘Corporates may cause rise in hunger’

Economic moves by major investment firms like Goldman Sachs, Merrill Lynch, and Deutsche Bank may cause a rise in hunger, according to a leading economist.

Professor Jayati Ghosh of the Centre for Economic Studies in New Delhi made the remarks on the sidelines of the G20 summit in Toronto last week, The Independent reported on Friday. Read More Here

(NYTimes) – Robert Prechters Market Forecast Says “Take Cover”

A proponent of the Elliott Wave theory for market forecasting sees trouble ahead: a slide worse than the Great Depression or the Panic of 1873. Read More Here

(Telegraph) – The latest threat to the global recovery: state capitalism

Stated in one bald paragraph it sounds a little apocalyptic. But Ian Bremmer, the highly respected author who is president of the Eurasia Group in the United States, makes a compelling case. The financial crisis has left Western capitalism nervous and risk averse, constantly under attack from a body politic keen to take advantage of public anger over the events of 2007 and 2008. Issues like the control of the banking system, remuneration and the failure of so much of the financial sector, whether Northern Rock, Lehman Brothers, AIG or Royal Bank of Scotland, has created a fundamental crisis in confidence. Read More Here

(StopCartel) – Economic, Crisis, Greek Theater, Our Drama – Read More Here

(FinanceMyMoney) – California budget nightmare – in 1970 California took in 28 percent of state revenues from personal income taxes. Today, the state pulls in 52 percent from personal income taxes. Massive shift to service oriented state – Read More Here

(PressTV) – UK mulling food vouchers distribution

The unemployed whose benefits have been cut off by government will receive food vouchers by charities supported by the government to make up for the cuts in welfare spending. Read More Here

(PressTV) – ‘US facing Soviet-like disintegration’

A senior Iranian lawmaker, Alaeddin Boroujerdi, has warned the US of imminent collapse, saying its approaches bring to mind soviet policies before disintegration.
“America’s conduct toward the world bears great resemblance to that of the Soviet Union before its disintegration,” Fars News Agency quoted the head of the Parliament’s National Security and Foreign Policy Commission as saying on Friday. Read More Here

(NYTimes) – In Ireland, a Picture of the High Cost of Austerity

As Europe’s major economies focus on belt-tightening, they are following the path of Ireland. But the once thriving nation is struggling, with no sign of a rapid turnaround in sight. Read More Here

(WSWS) – Sri Lankan budget imposes IMF austerity demands – Read More Here

(InternationalForecaster) – The U.S. Economy is Falling. Towards another Credit Collapse?

The housing market is in serious freefall with builders scheduled to increase units by 535,000 this year. As sales fall so will big bank balance sheets. That means we are facing another credit collapse. Read More Here

Video: Enough is Enough

(YahooFinance) – Video: U.S. Economy “Is a Complete Disaster”

The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip. – Continue reading

Economy

(ZeroHedge) – The WSJ’s Hit Piece On Gold – Tyler Durden – Read More Here

(GoldScents) – ENDING PHASE?

I have to wonder, are we entering the ending phase of this cyclical bull?

For sometime now I’ve noticed the similarities between the `02-`07 cyclical bull and what we’ve experienced since March of last year. The one difference is that this time we’ve truncated the middle phase of the bull. I suspect that was a direct result of the massive liquidity Bernanke … and all central banks have pumped into the system. Read More Here

(InterForecaster) – Deflationary Depression and Purging To Come – Bob Chapman

We believe an inflationary depression began in February of 2009, and little has changed. Since then factory output has increased, as have inventories and other outward signs, such as retail sales. We believe that one-year spurt is ending, unless a new stimulus program is put in place. This past week we saw a $78 billion addition to unemployment benefits and Larry Summers has said they need an additional $200 billion. In order to keep the economy going sideways a total of another $800 billion will be needed. Read More Here

(KUT) – State Business Tax Receipts Down

RJ DeSilva with the State Comptroller’s Office says new figures show a ten percent decline from last year. Read More Here

(TimesOnline) – UK Welfare State = Family Breakdown, Emasculated Men – Read More Here

(WSWS) – Europe’s media warn of global social unrest – Read More Here

(ClickOrlando) – Want Ad: Unemployed Need Not Apply

Job hunters are facing a new trend: businesses asking recruitment companies to keep unemployed people out of their job pools. Read More Here

REPOST – (RawStory) – Goldman Sachs sold $250 million of BP stock before spill

Firm’s stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment Read More Here

(CityWire) – Why Rothschilds is piling into gold – Read More Here

(Money&Markets) – RED ALERT: Get out of vulnerable stocks IMMEDIATELY!

You don’t have much time.

A Dow meltdown is imminent, and if you want to protect yourself from losses, it’s time to get out of the vulnerable stocks in your portfolio — immediately. In this special edition, I will explain why. Read More Here

(BizJournals) – Hawaii bankruptcy filings up 34.4% – Read More Here

(Telegraph) – EU plans green taxes to cut debt – Read More Here

Video: The Government As Identity Thieves – Ron Paul

(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

Economy

(BusinessInsider) – Your Guide To All The Countries That Are One Riot Away From Becoming Greece

Here’s a snapshot taken from a Morgan Stanley report by Paolo Batori that shows how European financial systems have deteriorated during this crisis, and who’s most at risk of becoming the next Greece. Read More Here

(BusinessInsider) – Behind The Scenes, European Banks Freak Out About Lending To Each Other

Right now, markets are getting hammered as protests rock Athens and no one trusts Greece to get out of this crisis. Read More Here

(MSNBC) – Video: Dow Jones Crash Caused By Typo! – Video Link Here

(AP) – Video: NYSE Stock Board Time Lapse – Video Link Here

(CNBC) – Video: Cramer Saves The Market? Sees Error In P&G Share Pricing

CNBC’s Jim Cramer notices the large drop in Procter & Gamble shares and shares his belief there must be an error. View Video Here

(Bloomberg) – Citigroup Finds ‘No Evidence’ Bank Involved in Erroneous Trades

Citigroup Inc. said it found “no evidence” that it was involved in erroneous trades after U.S. equity markets plunged today.

“We, along with the rest of the financial industry, are investigating to find the source of today’s market volatility,” bank spokesman Stephen Cohen said in a statement. “At this point, we have no evidence that Citi was involved in any erroneous transaction.” Read More HereUpdate 2

(Reuters) – Many possible triggers for wider euro debt crisis

Europe may be months, conceivably weeks away from an expanded debt crisis that cuts more countries off from access to the markets and forces fresh emergency action by rich governments or the European Central Bank. Read More Here

(SteveWatson) – Audit The Fed Push Strengthened By Second Front In Senate

The push to audit the Federal Reserve was given a fresh injection yesterday with the introduction of another bipartisan amendment to the Wall Street reform bill in the Senate that would force the central bank to reveal where $2 trillion in public bailout money was spent. Read More Here

(CNBC) – Stock Market Falls Nearly 1000 Points

The Dow plunged Thursday amid buzz in the market that European banks have halted lending Read More Here

(CNBC) – Drudge Heralds ‘Market Violence’: Fear, Euro Weakens, Greek Riots Continue, Retail Disappoints

Stocks staged one of the most dramatic selloffs in market history Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis. Read More Here

(Business&MediaInstitute) – Video: CNBC’s Bartiromo – ‘This Really Sounds Like Market Manipulation to Me’

While everyone is scratching their heads and trying to figure out how the Dow Jones Industrial Average (DJIA) lost nearly 1,000 points before rallying back to lose only 347 points – it appears not to be limited to just one stock. Read More Here

(RussiaToday) – Video: Gerald Celente on Greece – People will rise against bank bailouts globally

After a day of unrest which saw three people killed, Greece’s parliament is preparing to vote on the controversial austerity package. Wednesday’s violence included a bank in the capital being set alight. Demonstrators clashed with police when protesters marched on the country’s parliament building. They are angry at government spending cuts aimed at securing a 110 billion euro rescue package from the EU and the IMF. Trend forecaster Gerald Celente says the Greek situation is going global.

(SteveWatson) – Audit The Fed Push Strengthened By Second Front In Senate

Dorgan, Grassley introduce another amendment for spending transparency Read More Here

(HuffingtonPost) – Long-Term Unemployment: 80 Percent Of People Jobless Last Summer Still Out Of Work

Just one in five people who were out of work last summer have found jobs since then. Read More Here

(ZeroHedge) – John Taylor: “Dead Man Walking…The Euro Is Finished” – Tyler Durden

One of the incidents that I remember from my youth was the first time I saw a chicken slaughtered and running around headless for quite a few minutes before it keeled over and died. The euro is at that stage. Its life is finished, but it will be around for some time before it becomes a subject of historical analysis. Read More Here

(Reuters) – Freddie Mac posts loss, sees need for state funds

Freddie Mac (FRE.N), the second-largest provider of residential mortgage funds, on Wednesday said it lost $8.0 billion in the first quarter and warned that it would continue to need government funds because the housing market remains fragile. Read the rest of this entry Read More Here

(RussiaToday) – Video: Alex Jones On Russia Today: Greece Riots Coming To America?

As protests turned into riots in Greece amidst the financial crisis, the big question remains, what will happen to the global financial market after this bailout? This crisis has been spreading globally and many people are saying that the economy is getting worse. Alex Jones says he believes that China will go bankrupt in the next few years. Alex Jones also speaks about the recent advertisement that shows the government invading our homes. Continue reading

Enduring ObamaCare Week #5

With every week that passes, we learn more about ObamaCare and it just gets worse. The recent report on the practical effects of ObamaCare from the Chief Actuary of the Centers for Medicare and Medicaid (CMS) is devastating.

Here are the salient findings of this report: Continue reading

EU climate chief calls for energy tax

(UPI) – The European Union’s top climate official called for an energy tax to boost the bloc’s climate protection efforts.

EU Climate Commissioner Connie Hedegaard told Monday’s Neue Osnabruecker Zeitung that “energy taxes are among the instruments we should use for climate protection in the EU, because that’s how energy consumption is reduced.” Continue reading

Video: Who are the Oath Keepers?

(RussiaToday) – The Tea Party rallies are certainly a large gathering of people with many ideas about politics and society. But they rally around the central goal or idea of lowering taxes and lessening big government. The Oath Keepers are often guest speakers at the rallies, what are they trying to convey through what the Oath Keepers call education? Continue reading

More Tyranny Plus More Taxes Equals More Protests – Chuck Norris

(TownHall) – As early as 1733, Colonial frustrations were felt against the British Parliament via the Molasses Act. Indignation grew over the decades, erupting in 1764, when Parliament enacted the Sugar Act and the Currency Act. But it was not until 1765, when Parliament levied the first direct tax upon the Colonies via the Stamp Act, that larger protests permeated all 13 Colonies. And though that tax was repealed in 1766, the appeasement was short-lived. Parliament passed the Townshend Acts beginning in 1767, placing a tax on a number of essential goods, including paper and tea — something which, in turn, led to the Boston Massacre in 1770, the Boston Tea Party in 1773, the Intolerable Acts and the First Continental Congress in 1774 and, of course, the Declaration of Independence in 1776. Continue reading

Economy

(AFP) – World Stocks Drop as Greek Debt Default Nears

Financial markets turned on Greece again on Thursday, driving up its borrowing costs to record levels on rising doubt that the EU will provide a debt rescue, and the euro plunged further. Read More Here

(WSWS) – Unemployment in America: No Economic Recovery for the Working Class

Last Friday’s US unemployment report, which showed a net payroll gain of 162,000 jobs in March, has been seized on by the Obama administration and much of the media as confirmation of official claims that the recession is over and a recovery in the jobs market has begun. Read More Here

(AP) – Nearly half of US households escape fed income tax – Read More Here

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

(Telegraph) – Sovereign debt crisis at ‘boiling point’, warns Bank for International Settlements

The Bank for International Settlements does not mince words. Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis at the heart of the global economy. Read More Here

(HuffingtonPost) – Unemployment: More Than 3 Million Americans Jobless For Longer Than A Year, An All-Time High (CHARTS)

That represents 23 percent of the roughly 14.8 million Americans out of work and looking for a job — a post-World War II high. For those 3.4 million Americans, the consequences from such a long time out of work — a cost of the Great Recession — can be calamitous. Read More Here

(AFP) – Destitute and desperate, Icelanders opt for exile Read More Here

(Bloomberg) – China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says (Update1)

China’s property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos. Read More Here

(CommodityOnline) – How much gold reserves really exist in US vaults? Read More Here

(NTDTV) – Video: Japan Airlines to Cut Third of Workforce

Japan Airlines plans to reduce its workforce by a third within the fiscal year to lower labor costs by over $860 million a year. View Video Here

(C4L) – Stimulus or Stealing From Us?

The American Recovery and Reinvestment Act or “Stimulus Package,” is a bill that was passed by the U.S. Congress and later signed into law by President Obama on February 17, 2009. (Gandel 1) It is a bill that by most estimates will cost at least $787 billion dollars. The legislation was supposed to stimulate our struggling economy and promised to create between 3 and 4 million jobs in a one year period. Also included in this sweeping legislation is money to modernize roads, improve our public school systems, and lower health care costs. (Obey 1) Read More Here

(C4L) – Brace Yourself for Obamacare Taxes

Now that President Obama’s health-insurance overhaul has become law, we can brace ourselves for the new taxes. What new taxes? Aren’t they only on the “rich” and on large companies? Read More Here

MSM: Obama’s 17-minute, 2,500-word response to woman’s claim of being ‘over-taxed’

(WashingtonPost) – Even by President Obama’s loquacious standards, an answer he gave here on health care Friday was a doozy.
Toward the end of a question-and-answer session with workers at an advanced battery technology manufacturer, a woman named Doris stood to ask the president whether it was a “wise decision to add more taxes to us with the health care” package.
“We are over-taxed as it is,” Doris said bluntly. Continue reading

Obama to Crush Economy with Massive CO2 Taxes as Early as Next Week

(CanadaFreePress) – Abandoning all loyalty to the democratic processes this nation holds dear, President Obama has made the decision that getting energy tax legislation through Congress with the approval of the American people is just too much of a pain to bother with. Instead he will have the EPA declare as early as next week that CO2 is a dangerous global warming gas and will start regulating its emissions immediately. Continue reading

Obamacare

(RawStory) – Insurers agree to fix loophole that would allow them to reject sick kids

If you can’t beat them, join them.
After nearly a year battling President Barack Obama and congressional Democrats over the health care overhaul, the insurance industry says it won’t block the administration’s efforts to fix a potentially embarrassing glitch in the new law. Read More Here

(AP) – US healthcare reform is boon for India outsourcing companies

With 22 pen strokes, President Obama signed into existence not just a historic healthcare reform law but also monumental piles of paperwork: New member registration forms. More claims. Ever-expanding databases. And on top of that, pressure to cut costs. Read More Here

(BMJournal) – Bill Moyers: The Health Bill Is a Bonanza for the Insurance Industry

So we got health care reform last week — but it’s a far cry from reformation. For all their gnashing of teeth, the insurance companies still make out like bandits. Read more Here

(WATimes) – Supreme Court May Ultimately Decide Fate of Obamacare

The same Supreme Court justices whom President Obama blasted during his State of the Union address this year may ultimately decide the fate of his crowning achievement as more than a dozen states have called on the courts to strike down the health insurance mandate of Democrats’ health care overhaul – a move that would threaten the entire law. Read More Here

(ABCNews) – Health Reform Law to Spawn More Tax Men?

Ask critics of the Democrats’ health care overhaul about the law’s impact, and among the “horrors” they may describe is an army of Internal Revenue Service agents with “dangerously expanded authority.” Read More Here

(RevoltofthePlebs) – The K Street Hustlin’ of Obamacare

Oooh snap! Looks like we’ve been right all along. All the big K Street money pumped into the House and Senate has been overwhelmingly one-sided in favor of Obama’s horrendous new healthcare legislation. Go figure. According to a study released over the weekend by “The Center for Public Policy”, a non-partisan public interest think tank in Washington D.C., it is estimated that a record $120 million was spent lobbying for health reform. In addition to direct lobbying, some of the top firms also rewarded members of Congress with campaign contributions through political action committees and individual lobbyist donations. The largest of these firms, Patton Boggs LLP, contributed more than $55,000 almost exclusively to Democrats. Read More Here

(ABCNews) – IRS Says It Needs More ‘Resources’ to Implement Tax Provisions of New Law

Ask critics of the Democrats’ health care overhaul about the law’s impact, and among the “horrors” they may describe is an army of Internal Revenue Service agents with “dangerously expanded authority.” Read More Here

The Silent Entitlements Monster: Social Security, Medicare And Interest On The Debt Will Gobble Up Every Single Tax Dollar By 2020

(EconomicCollapseBlog) – There is a silent monster that looms menacingly over U.S. government finances. Every politician knows about it, but very few of them ever want to talk about it. This silent monster grows larger every year, and yet nobody seems to know quite what to do about it. Those who have closely analyzed this monster all seem to agree that one day it will create a financial tsunami of a magnitude that is absolutely unprecedented, but there is vast disagreement about how to escape this financial tsunami or if it is even possible to escape it. Read More Here

ObamaCare

(TrueSlant) – Don’t believe the numbers, Obamacare is a financial disaster

Let me see if I got this right. The Obama administration and its congressional allies would like us to believe that the biggest piece of legislation in 45 years, one that will expand medical coverage to 32 million uninsured Americans, that will set up two new huge entitlement programs – health insurance subsidies and long-term health care benefits – is going to cost just $940 billion while reducing the U.S. government’s fiscal deficit by $138 billion?
Sorry, I don’t buy it. Read More Here

(NaturalNews) – Healthy and Uninsured in America – View Video Here

(SteveWatson) – Medical Companies: Taxes In Healthcare Bill Will Kill Jobs, Businesses

Knock on effect will mean more costs for the American people Read More Here

(NYTimes) – Cantor Accuses Democrats of Exploiting Threats

The Congressional clash over threats and vandalism against lawmakers in the aftermath of the health care vote took a new turn Thursday as the No. 2 House Republican accused Democrats of recklessly exploiting the incidents for political gain. Read More Here

(WSJ) – ObamaCare Day One

Companies are already warning about higher health-care costs. Read More Here

(CNSNews) – 12 Taxes in Health Care Law Violate Obama’s Pledge Not to Increase Taxes on Households Earning Less than $250,000

As many as a dozen taxes in the new health care law violate President Barack Obama’s campaign pledge not to raise taxes on families earning less than $250,000 and on individuals earning less than $200,000. Read More Here

(Fox) Video: Judge Napolitano – Health Care and the Constitution with Ron Paul

Can government legally force you to buy insurance? Video Link Here

(JTCoyote’) – The States, and 10th Amendment, will Thwart Obamacare

As I pointed out in an article here a few months ago, there is a specific “lawful” procedure, a specific set of steps that must be followed in order to satisfy lawful service, and peacefully stop unlawful federal mandates including this Obama-care travesty. Read More Here

(MSNBC) – Video: Clyburn: Obamacare Opponents “Aiding And Abetting Terrorism”

Congressman Clyburn accuses opponents of Obamacare of “aiding and abetting terrorism”. – Video Link Here

(CSPAN) – Video: Michele Bachmann – Congratulation Mr President You’re Half Way There! – View Video Here

Video: Ron Paul- Texas Straight Talk- Unconstitutional Healthcare

Ron Paul talks about the newly past Obama care bill. Continue reading

MSM: 100,000 civilian federal employees owe the IRS $962 million in back taxes

(ABCNews) – Working for Uncle Sam comes with some great perks, like job stability, posh benefits packages, and in many cases, average salaries that are higher than what the same job pays in the private sector. Continue reading

Do You Feel Free Anymore?

(LewRockwell) – My entire adult life I’ve felt the injustices imposed upon honest, hard-working individuals in our society: frivolous traffic tickets, lying politicians, extorted taxes for things we neither want nor need, abusive law enforcement and the like. I’ve always been passionate about these injustices but not actively so. Continue reading

IMF floats climate change fund idea

(UKPA) – Global financier the International Monetary Fund has switched its attention to the environment with a plan for the world’s governments to pool together to raise money needed to adapt to climate change. Continue reading

Don’t Look Now, But We’re Winning

(JimmyOnTheSpot) – It’s happening. We weren’t sure how, when, or where it would happen, but it is. What exactly is “it”? Allow me a few moments to explain.

With the 2010 elections on the horizon, I’m seeing a lot more people involved in the process this time around. I post comments in a number of different sites and the conclusion is becoming overwhelmingly similar. People no longer trusting either the Republicans or Democrats and are seeking alternatives. Continue reading

End Game Nears Climax

(Infowars) – From planned financial meltdowns, to engineered economic collapses, to increased taxes and inflation, to social upheavals, laboratory concocted viruses, deadly vaccines, state sponsored terrorist attacks, and more wars, the Controllers of the International Monetary/Banking Cartel are bringing their end-game to a climax, which is their imperious One-World Government. Continue reading

Social Security Will Fall To Obama Before The Taliban Do – Paul Craig Roberts

Hank Paulson, the Gold Sacks bankster/US Treasury Secretary, who deregulated the financial system, caused a world crisis that wrecked the prospects of foreign banks and governments, caused millions of Americans to lose retirement savings, homes, and jobs, and left taxpayers burdened with multi-trillions of dollars of new US debt, is still not in jail. He is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives. Continue reading

Video: Are US Taxpayers Bailing Out Greece? – Ron Paul

(C4L) – Last week we were reminded that ours is not the only country suffering from severe economic turmoil. The Greek government is the latest to come close to default on their massive public debt. Greece has insufficient funds in their treasury to make even the minimum payments that are now coming due. Their debt level is about 120 percent of their gross domestic product and their public sector absorbs what amounts to 40 percent of GDP. Any talk of cutting costs and spending is met with violent protests from the many Greeks heavily dependent on government payments. Mounting fears of default have sent shockwaves through their creditors and all of the eurozone countries. Continue reading

As Defense Budget Soars, Security Firms Reap Huge Profits, Go Offshore to Avoid Taxes

(AntiFascistCalling) – The Obama administration is seeking to increase the obscenely bloated U.S. Defense Department budget to a whopping $708 billion for fiscal year 2011, 3.4% above 2010’s record level, The Wall Street Journal reported. Read More Here

Audio: Field McConnell & David Hawkins & Jack Stockwell on Catastrophe Bonds

9 Feb 2010—Listen—Part 1, Part 2

Source: JACKSTOCKWELL k-talk.com

Topics discussed:

  • evidence that Canadian privy councilor David Emerson and Richard Sandor’s Kellogg School of Management have developed MindBox algorithms which use unlawful debt to extort city governments into paying carbon taxes or facing cat-bond bomb attacks sponsored by their first-responder pension funds
  • Kellogg’s threat to the cities of Middletown, Connecticut, were the Kleen Power Plant was partially blown up on Sunday and Vancouver in British Columbia, Canada where the 2010 Winter Olympic Games starts on Friday, 12th February

Economy

(CNN) – Unemployment taxes slam businesses

Employers are getting hit with a massive tax hike at a time when they can least afford it. Read More Here

(ABC) – Australia close to defaulting on debts: Joyce

Opposition finance spokesman Barnaby Joyce is courting controversy again, warning that Australia is getting to the point where it will not be able to repay its overseas debt. Read More Here

(WSJ) – No Exit in Sight for U.S. As Fannie, Freddie Flail

When Charles E. Haldeman Jr. became Freddie Mac’s chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It’s likely to need even more. Read More Here

(ABC) – Job Openings Plunged by One-Quarter Last Year

Finding a job got much tougher last year, as the number of available openings fell by nearly one quarter. Read More Here

(OpEdNews) – Globalization Is Killing The Globe: Return to Local Economies

Globalization is killing Europe, just as it’s already wiped out much of the American middle class. Read More Here

(PressTV) – Germany’s exports in 2009 tumbled 18.4%

Germany’s economy has received another blow as new data show the country’s merchandise exports fell 18.4% in 2009, the sharpest decline in decades. Read More Here

(Guardian) – Thousands to lose jobs as universities prepare to cope with cuts

Universities across the country are preparing to axe thousands of teaching jobs, close campuses and ditch courses to cope with government funding cuts, the Guardian has learned. Read More Here

Descent Into Barbarism: The US and NATO Wage War on the World

The argument is won: capitalism as an effective system to organise society and provide for human needs has expired. The evidence is conclusive. Trillions of dollars to kickstart the economy in the US and Europe may have given an ephemeral lease of life to the financial class to spin the casino wheel once again, but it is more apparent by the day that the tentative “recovery” has spluttered to a standstill. Gridlocked by unprecedented levels of personal and national debts, the engine of production – the real economy – is in a state of rigor mortis. Continue reading

MSM: Obama’s Secret Slush Fund

(Fox) – President Obama and Budget Director Peter Orszag have thrown transparency out the window and created a black box for taxes and spending on climate change hidden inside the administration’s 2011 budget. Read More Here

MSM: Backdoor taxes to hit middle class

(Reuters) – The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families. Continue reading

MSM: Bankers in favor of paying global fee

(FinancialTimes) – Some of the world’s most prominent bankers have come out in favour of a global bank wind-down fund, a concession from the industry after weeks of fighting proposals for new taxes in the US and Europe. Continue reading

The Precarious State of Our Union – Peter Schiff

In this week’s much anticipated State of the Union address, President Obama again demonstrated his poor understanding of the fundamental problems that confront our nation. By following the advice of the same people who helped guide our economy to the precipice of total collapse, Obama now threatens to push it over the edge. Continue reading

MSM: Volcker Says New Taxes Not an “Unreasonable Response” to Federal Banker Bailout

(CNN) – Former Federal Reserve Chairman Paul Volcker said Thursday that more needs to be done to regulate the financial system before the lessons of the recent crisis are forgotten. Continue reading

Proposed Legislation: IRS to Make Sure Americans Are Buying Health Insurance

(Cryptogon) – Internal Revenue Service agents already try to catch tax cheats and moonshiners. Under the proposed health care legislation, they would get another assignment: checking to see whether Americans have health insurance. Continue reading

MSM: Millions face new pay freeze in 2010

(Times) – Millions of people face a second year of pay freezes or salary cuts next year, dashing hopes that the end of the recession will ease the squeeze on family budgets. Continue reading