Welcome to Mexico! Excuse the Mess–We’re Remodeling

(RevoltOfThePlebs) – If you look beyond the barebacked illegal alien scaling a barbed wire fence, you’ll discover a trail of dead that leads all the way back to Mexico City.  There you’ll find President Felipe Calderon—chillin’ like a villain—with a motley wrecking crew of CIA operatives, Latin American drug lords and an assortment of corporate henchmen from such infamous organizations as Halliburton, DynCorp and SYColeman.  Look beyond them, and you’ll discover a trail of cash that leads all the way back to Wall Street and Washington D.C.

Mexico is going through some big changes, but not the kinds of changes contained in any of Calderon’s political speeches.  The Mexican President is working off blueprints drafted by the Anglo-American establishment.  By the time they’re through, you won’t recognize the place.  It may not become a suitable place to live, but it will certainly be a plunder friendly environment for rich carpetbaggers (the people Obama likes to call “The Titan’s of Industry”) intent on exploiting all of Mexico’s vast natural resources.  But—of course—you can’t make an omelet without breaking a few eggs, and that’s precisely what Calderon and his staff of short order cooks are frying up in Hell’s kitchen.

Video: Paul Craig Roberts – We Are Almost Past The Point of No Return! – Alex Jones Tv

Alex talks with economist Paul Craig Roberts about his article, The Year America Dissolved. Roberts served as an Assistant Secretary of the Treasury in the Reagan Administration and is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. His articles appear widely across the alternative media. Dr. Roberts’ latest book is How the Economy Was Lost: The War of the Worlds.

Economy

(OregonLive) – Oregon budget stands at precarious crossroad

Oregon government stands at the edge of a financial chasm as precarious as any in its 151-year history, hemmed in by the global recession, questionable spending decisions and a budget-draining combo of skyrocketing expenses and sluggish growth. Read More Here

(HumanEvents) – America’s Economic Hari-Kari – Ted Nugent

Anyone with a lick of common sense will tell you that when you are in a hole, you need to quit digging. Continuing to dig will only create a larger problem. Do schools teach this?

Even President Obama’s national debt commission recently told him that his continuing spending orgy is digging America into a gigantic fiscal hole. Read More Here

(DailyBell) – Ellen Brown on Debt Money, Why Money is Collapsing and Why Central Banks Need Adult Supervision – Read More Here

(AJC) – Research firm: 5,200 restaurants closed in the U.S. this spring – Read More Here

(Telegraph) – Obama signs a bill that lets banks have US over a barrel once more

Last week, President Obama signed into law the Dodd-Frank Wall Street Reform bill – hailed as the most sweeping overhaul of US financial regulation since the 1930s. Read More Here

(RussiaToday) – Video: Keiser Report №61 – Markets! Finance! Scandal!

This time Max Keiser and co-host, Stacy Herbert, look at the latest scandals of deficit fraud, Hank Paulson’s love of financial reform and the RIAA’s very low return bullying. In the second half of the show, Max talks to Ben Davies of Hinde Capital about the BIS gold swaps and more. – Video Link Here

(RealNews) – Video: PLUNDER – THE CRIME OF OUR TIME

Danny Schechter on the financial crisis and Wall Street as a crime narrative

Video: The Food Bubble – How Wall Street Starved Millions and Got Away With It – Amy Goodman

(DemocracyNow) – While Goldman Sachs agreed to pay $550 million to resolve a civil fraud lawsuit filed by the SEC, Goldman has not been held accountable for many of its other questionable investment practices. A new article in Harper’s Magazine examines the role Goldman played in the food crisis of 2008 when the ranks of the world’s hungry increased by 250 million. We speak to Harper’s contributing editor Frederick Kaufman. Video Link Here

The Decision: Freedom or Slavery?

(Excavator) – It is obvious to every human being in the world that something is wrong in America, where the fate of a sports star is given prime-time attention on national television, while the fate of criminal bankers on Wall Street goes unreported, unmentioned, undecided. If John F. Kennedy was alive he would probably tell Americans: Ask not what Lebron James can do for your city’s basketball team; ask what Wall Street has done to your city’s dreams and hopes.

Wall Street Is Laundering Drug Money And Getting Away With It

(AlterNet) – Too-big-to-fail is a much bigger problem than you thought. We’ve all read damning accounts of the government saving banks from their risky subprime bets, but it turns out that the Wall Street privilege problem is far more deeply ingrained in the U.S. legal system than the simple bailouts witnessed in 2008. America’s largest banks can engage in flagrantly criminal activity on a massive scale and emerge almost completely unscathed. The latest sickening example comes from Wachovia Bank: Accused of laundering $380 billion in Mexican drug cartel money, the financial behemoth is expected to emerge with nothing more than a slap on the wrist thanks to an official government policy which protects megabanks from criminal charges.

USDA Reports Food Shortages: Wall Street ‘Caught Off Guard’ by Severity

(ActivistPost) – Several recent headlines indicate that food prices will continue their swift climb upward. These troubling new reports show that agriculture production and stored grains are critically low and experts are now predicting food shortages.

Look at a few of today’s mainstream headlines: Drought threatens global rice supply in the India Times; VA farmers say heat taking toll on crops, Associated Press; Severe food shortage follows lack of rainfall in Syria; and, finally, Corn prices bolt as USDA downsizes crop estimates, which states that, “Commodity professionals were caught off guard Wednesday by a U.S. Department of Agriculture report showing 1 million fewer acres of corn planted this year than earlier projected, and almost 300 million fewer bushels of corn in storage.” And these articles don’t begin to address crops being damaged by the toxic rain from the Gulf oil disaster. Read More Here

MSM: First, China. Next: the Great Firewall of… Australia?

(TimeMagazine) – The concept of government-backed web censorship is usually associated with nations where human rights and freedom of speech are routinely curtailed. But if Canberra’s plans for a mandatory Internet filter go ahead, Australia may soon become the first Western democracy to join the ranks of Iran, China and a handful of other nations where access to the Internet is restricted by the state.

Plans for a mandatory Internet filter have been a long-term subject of controversy since they were first announced by Stephen Conroy, the Minister for Broadband, Communications and the Digital Economy, in May 2008 as part of an $106 million “cybersafety plan.” The plan’s stated purpose is to protect children when they go online by preventing them from stumbling on illegal material like child pornography. To do this, Conroy’s Ministry has recommended blacking out about 10,000 websites deemed by the Australian Communications and Media Authority (ACMA) to be so offensive that they are categorized as ‘RC,’ or Refused Classification.

Barack Obama: Liar, Warlord, and Corporate Shill – Stephen Lendman

(ThePeoplesVoice) – It shouldn’t surprise because no one gets the top job or any government position of power unless they’re safe, yet, naively, most people thought Obama was different. Many still do.
As a candidate, he promised change, a new course, sweeping government reforms, addressing people needs, and “ensur(ing) that the hopes and concerns of average Americans speak louder in Washington than the hallway whispers of high-priced lobbyists” – the same ones who bought and now own him. He promised peace and delivered war; real health and financial reform, not same old, same old; help for millions losing jobs, homes, hope and futures, not handouts to Wall Street and other industry favorites; regulatory oversight, not the usual incestuous government-industry ties, making disasters like in the Gulf possible, and when they happen conspiring with offenders in coverup, distortion, lies, and a total disregard for the environment, wildlife, and way of life for thousands – let alone permanent damage to a vital ecosystem.

Economy

(RussiaToday) – Keiser Report № 46: Social Fury builds up! – Video Link Here

(GoldSeek) – Video: Gerald Celente on Goldseek Radio – Video Link Here

(SOTT) – Are Goldman Sachs and the Megabanks Able to Wipe out an Entire Economy with a Keystroke?

How artificial intelligence and robotrading pose a growing threat to the global marketplace. Read More Here

(BostonHerald) – Frills, not jobs, filling posh IRS digs

The $92 million renovations at the IRS compound in Andover will include a reflecting pool, an art gallery, indoor gardens, a 7,000-square-foot cafeteria and an amphitheater, but it remains unclear what new permanent jobs, if any, will come to the center. Read More Here

(MurrayDobbin) – The Canadian ‘good banks’ myth

The sorry spectacle of Conservative cabinet ministers flying around the world defending banks from a tax to cover their next, inevitable, meltdown is bad enough. What is perhaps worse is that it is being largely justified by the perpetuation of the myth that Canada did not have to bail out its banks.

Wrong. Read More Here

(VancouverSun) – G8, G20 summit security a waste of money, say Montreal anarchists – Read More Here

(AutomaticEarth) – Lent, spent and guaranteed

Ilargi: No, I’m by no means the only one who thinks this thing will not end well.

Let’s start with Gerald Celente of Trend Forecasters: Read More Here

REPOST – (SeekingAlpha) – Video: Hendry – ‘I Would Recommend You Panic’

In this widely watched BBC video, Hugh Hendry of hedge fund Eclectica Management recommends the world panic over the ongoing European debt crisis and then the group debates whether perpetual bailouts and a much longer slowdown are preferable to a real purging of the system and a much shorter recession that would also see major reforms. Video Link Here

(TimesOnline) – Greece urged to give up euro

THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy. Read More Here

(Express) – WORK UNTIL LUNCH JUST TO PAY TAX

Analysis relating the tax burden to the working day suggests that the average 9-5 worker takes until 1.21pm to cover their tax bill and then spends three hours 39 minutes working for themselves. Read More Here

(WSWS) – Austerity measures throughout Europe

Two weeks ago, European heads of state and the International Monetary Fund reached agreement on a €750 billion rescue package for the euro. Since then, not a day has gone by without the announcement of a new round of draconian austerity measures. Working people are now being ordered to pay the price for plugging the massive holes in public finances that are the result of various rescue measures for the banks and the euro. Read More Here

(ComingDepression) – Sell now warns LA real estate experts amid BP oil spill

“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.”
It is obvious BP will be in litigation for decades with multiple plaintiffs once it is discovered just how much damage this unprecedented disaster has unleashed. It would not surprise me if this catastrophe bankrupts the company. Read More Here

(LATimes) – Lessons of hard times in Vallejo

Since filing for Chapter 9 bankruptcy protection two years ago, this scrappy Bay Area bedroom community has come to symbolize the fiscal troubles — now faced by many cities — that helped push it to the brink: unrestrained spending, out-of-control pension costs and a burst housing bubble. Read More Here

(RussiaToday) – Video: Wall Street Operative Geithner Rebuffed in Berlin on Mission to Make World Safe for Derivatives

On the most important stop of last week’s desperate mission to make the world safe for derivatives, US Treasury Secretary Geithner has been dealt a decisive rebuff. Geithner’s obvious attempt to sabotage the recent prohibition enacted by the German government against naked credit default swaps (among the most toxic of derivatives) was rejected in Berlin on Thursday by German Finance Minister Wolfgang Schäuble.

Vampire Bankers, Mr. Heinz Ketchup, John Kerry and the Payback Machine

(SmokingMirrors) – Dog Poet Transmitting…….

Money is retracting, like a Kung Fu master pulling in his testicles before a serious fight. (Accidental rhyming alert) did the money take off on its own, for parts unknown? Did the money disintegrate due to a lack of substance based on substance? Did the money change its name and go into the witless protection act? Actually, it’s none of the above. The bankers, who printed the money out of thin air, have taken the money out of circulation, except to shuttle it back and forth between each other and to conceal a large portion in order to buy compliance from the soon to be rampaging mobs looking to perform a Vlad the Impaler on their sorry, flaccid asses.

Economy

(CommitteeForAbolitionOfThirdWorldDebt) – Eurozone Economic Crisis: Call For a European Mobilisation Against the Dictatorship of the Creditors

Text of the La Marlagne Declaration Read More Here

(HuffingtonPost) – Tier 5: The Despair Of The 99ers

Hundreds of thousands of long-term unemployed people across the country are watching in despair as Congress limps toward a reauthorization of jobless aid programs that won’t even help them.

They are the 99ers, people who have exhausted the maximum 99 weeks of unemployment benefits available in some states. Read More Here

(MotherJones) – Soldier in Iraq Loses Home Over $800 Debt

Michael Clauer is a captain in the Army Reserve who commanded over 100 soldiers in Iraq. But while he was fighting for his country, a different kind of battle was brewing on the home front. Last September, Michael returned to Frisco, Texas, to find that his homeowners’ association had foreclosed on his $300,000 house—and sold it for $3,500. This is story illustrates the type of legal quagmire that can get out of hand while soldiers are serving abroad and their families are dealing with the stress of their deployment. And fixing the mess isn’t easy. Read More Here

(ZeroHedge) – Dollar to be Replaced with IMF’s SDR as Reserve Currency?

Jim O’Neill, who did not make any friends within the bear community earlier today, has written an interesting paper on the IMF’s Special Drawing Rights, and whether this hypernational currency can ever become a reserve currency as is, and/or with the CNY as a constituent member. Read More Here

(Globe&Mail) – Greece could set off bigger debt bomb

Let’s play a little game called Disaster. Imagine an event that could trigger a genuine, knock ’em down, worldwide catastrophe. Think of Pearl Harbor, multiplied by 10, or even 100. Read More Here

(BizJournals) – N.C. loses 1,800 more construction jobs

North Carolina lost 1,800 jobs in the construction industry in April, according to a report released Friday. But the study also shows the industry’s nationwide slowdown is beginning to wane. Read More Here

(Bloomberg) – Berlusconi Says $30 Billion of Budget Cuts Needed to Save Euro – Read More Here

(CNBC) – More Cities on Brink of Bankruptcy – Read More Here

(BizJournals) – Cincinnati State hikes tuition 3.5% – Read More Here

(HoweStreet) – Miami Commissioner Says Bankruptcy is City’s Best Hope; Chris Christie Says New Jersey Careens Towards Becoming Greece – Read More Here

(CNNMoney) – Youth jobless crisis could have lasting impact – Read More Here

(NBCMiami) – Video: Miami Budget Begging for Bankruptcy – Video Link Here

(WPost) – 100,000 teachers nationwide face layoffs – Read More Here

(AmericanThinker) – Folly Central: Obama Considers Another Stimulus

Another stimulus. That’s right. You read correctly. The U.K.’s Telegraph reports that dour President Obama and his cadre of thick-headed left-wing ideologues are weighing additional borrowing. This time to the tune of $200 billion. Paltry when stacked against the trillions in debt the nation is already massing? Can you say the “tyranny of compounding interest?” Read More Here

(BusinessInsider) – The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A ‘Virtual Certainty’

The negative take is that this crashing money supply will lead to both deflation and a double dip recession: Read More Here

(ABCNews) – National Debt Soars Past $13 Trillion – Read More Here

(EconomicPolicyJournal) – Subprime Goes to College: $300 Billion in Defaults Coming

Mike O’Rourke (Via ZeroHedge) has a nice summary of yesterday’s Ira Sohn Research Conference.

Of note was Frontpoint’s Steve Eisman, who has spotted another private sector industry that is in bed with government big time ,that is taking advantage of the poor, and will collapse. Here’s O’Rourke’s report on Eisman’s speech: Read More Here

(TaxProf) – Gird Your Loins: IRS ‘Wealth Squads’ Are on the Way

Newly created exam teams will scrub wealthy taxpayers’ hedge funds, trusts and foreign accounts. Read More Here

(DailyFinance) – BankWatch: TARP Investments Lead to Huge Losses for U.S. Treasury

As struggling banks get acquired or fail, the U.S. Treasury is shouldering a growing burden: Its investments in TARP are turning out to be a bust, leading to huge losses. And there are signs of more trouble ahead. Read More Here

(AmericanThinker) – Another Sham Stimulus Bill – Read More Here

(WashingtonPost) – 100,000 teachers nationwide face layoffs

Senior congressional Democrats and the Obama administration scrambled Wednesday to line up support for $23 billion in federal aid to avert an estimated 100,000 or more school layoffs in a brutal year for education budgets coast to coast. Read More Here

(InfoClearingHouse) – Credit Storm in Europe; Politics on Capital Hill – Mike Whitney

Credit market turmoil in the Eurozone has ignited frenzied trading on global markets. On Tuesday, shares tumbled nearly 300 points on the Dow Jones before launching an unconvincing 257-point late-day comeback. Wednesday the mayhem continued; all the major indexes seesawed wildly as positive news on durable goods was nixed by reports on wobbly EU banks. Read More Here

(HuffingtonPost) – The Cult of Subprime Central Bankers

The world is suffering from the worst downturn since the Great Depression. The crisis has left tens of millions unemployed in the U.S., Europe, and elsewhere. The huge baby boomer generation in the United States, now on the edge of retirement, has seen much of its wealth destroyed with the collapse of the housing bubble. Read More Here

(WSJ) – Banks Trim Debt, Obscuring Risks

Three big banks—Bank of America Corp., Deutsche Bank AG and Citigroup Inc.—are among the most active at temporarily shedding debt just before reporting their finances to the public, a Wall Street Journal analysis shows. Read More Here

(Fox) – Video: Freedom Watch – Reigning in National Debt

May 26 – What role did supply-side economics play in creating U.S. deficit?

Economy

REPOST – (Examiner) – CAFR: US agencies have billions, trillions in investments while crying budget deficits

Gerald Klatt and Walter Burien are unrecognized heroes. These individuals are national leaders who have communicated how government agencies conceal American taxpayers’ money in surplus accounts that collectively total trillions of our dollars. The data is found in government agencies’ Comprehensive Annual Financial Reports (CAFRs).

What CAFRs reveal is a communist-style policy whereby the US taxpayers surrender enormous assets to the state, who then “invest” these collective trillions that swell in these accounts. Concurrently, taxpayers are informed of budget deficits to either squeeze more taxes from them and/or cut public services. To add insult to injury, the state lies in omission by never reminding Americans of their hard-earned and withheld trillions as they eliminate jobs, reduce education, and attack the quality of our lives. Read More Here

(BusinessInsider) – Hugh Hendry’s Slams Economist Jeffrey Sachs: I Would Recommend You Stop Going Skiing And Panic

The European banking system is in crisis, says Hendry.
“I would recommend you panic.”
The hedge fund manager of Eclectica Management went on BBC Newsnight last night to play pessimist against Jeffrey Sachs, an economist from Columbia University. Read More Here

(Consumerist) – Your Household’s Share Of The September 2008 Economic Collapse: $104,350

A recent report from the Pew Charitable Trusts tallies up each US household’s share in the economic collapse. Your household’s share? $104,350. That includes lost income, government bailouts, and both reduced home values and reduced stock values. Read More Here

(MyBudget360) – Most over valued region in San Francisco gets a taste of the commercial real estate bust. $3 trillion in loans starting to implode at a faster rate. Why commercial real estate will plunge FDIC insured banks into closure. Bought for $415,000 per apartment unit – Read More Here

(RollCall) – House Democrats Lack Votes for Extender Package

The tax and unemployment benefits extension bill appeared on the brink of collapse Thursday afternoon, with House Democratic leaders short of the votes they need to pass it and fiscally conservative Blue Dog Democrats defecting. Read More Here

(CNBC) – Video: Gold at $36,000 Not as Ridiculous as It Sounds?

Gold has reached record highs in recent weeks, but it will continue to rise, Ben Davies, CEO of Hinde Capital told CNBC Wednesday. View More Here

(OpenCongress) – Stimulus II — Big Vote Today, Here’s What’s in It

The Democrats have prepared a second, smaller stimulus bill of about $127 billion in new short-term spending called the American Jobs and Closing Tax Loopholes Act of 2010, and they are planning to hold a vote on it in the House on today. Late on Wednesday night, the bill was revised. Here’s what’s in the final bill. Read More Here

(InterForecaster) – Bob Chapman: They Want A Collapse, Its Deliberate

Europe is rescuing its economy in the same way that the Federal Reserve has attempted to same America’s financial system and economy. They have used an unprecedented aid and stimulus package to offset massive fiscal deficits. In the US a deflationary depression was avoided at least temporarily and that is what is now being attempted in Europe with the guidance of the Federal Reserve. Read More Here

(QBit) – Toll privatization scheme in Michigan HB 4961 amounts to a tax paid directly to private corporations, without representation

Michigan House Bill 4961 [pdf] boils down to Taxation without Representation – turning the State’s right to levy taxes over to private international corporations, essentially ceding sovereignty over critial infrastructure. The corporations will be able to levy highway tolls without oversight or regulation on US citizens, should this bill pass. Read More Here

(LondonTelegraph) – Paper: Financial Crisis Worse Than 2008

This financial crisis is worse than the sub-prime crash of 2008 because the sums are so much bigger and it is governments that are in dire straits. Edmund Conway explains the dangers. Read More Here

(PaulWatson) – Ron Paul: Inside Sources Told Me Fed Is Panicking At Mass Awakening

Appearing on The Alex Jones Show yesterday, Congressman Ron Paul revealed that through his inside sources he had learned that the people who control the Federal Reserve are panicking about the fact that Americans are waking up to the fact that the U.S. is controlled by the central bank. Read More Here

(KurtNimmo) – Fiat Money Supply Contracting at Great Depression Level

The bankster operative who helped destroy Glass-Steagall is back.

Larry Summers, Obama’s top economic adviser, has told Congress to “grit its teeth” and approve a fresh fiscal boost of $200 billion to keep growth on track, reports the Daily Telegraph. “We are nearly 8m jobs short of normal employment. For millions of Americans the economic emergency grinds on,” he said. Read More Here

(May 26) – Video: Walter Burien Explains The Comprehensive Annual Financial Report on Alex Jones Tv – Part 1 Here – Part 2 – Part 3 – Part 4 – Part 5 – Part 6

(EconomicPolicyJournal) – The Hire, Fire, Hire Census Game, Or Why the Unemployment Numbers Are Improving

You know the old saying: “Everyone loves a charade.” Well, it seems that the Census Bureau may be playing games.
Last week, one of the millions of workers hired by Census 2010 to parade around the country counting Americans blew the whistle on some statistical tricks. Read More Here

(EconomicCollapseBlog) – Are We About To Witness The Greatest Banking Consolidation In U.S. History?

As the number of bank failures in the United States continues to accelerate, many analysts are warning that we could soon see unprecedented changes in the U.S. banking industry. In fact, there are some economists that are warning that we could be about to witness the greatest banking consolidation in U.S. history. Read More Here

(WashingtonsBlog) – Top Bond Vigilante: Fiscal Austerity May Not Work

Gross says in his latest investment outlook that austerity may not work to lower sovereign debt: Read More Here

(TheMessThatGreenspanMade) – In a Word, the Problem is “Debt”

Recent developments in the euro zone that increasingly look like they will lead to the restructuring (if not the collapse) of one of the world’s major currencies and the potential for this “contagion” to move first north to the U.K. and then west to the U.S. have many people wondering what’s gone wrong with the global monetary system.

How could advanced Western economies have run into such trouble? Read More Here

(RussiaToday) – Video: Max Keiser – Big Banks Allocate Losing Trades to Clients, Keep Winning Trades for Themselves

Max Keiser – journalist, former Wall Street broker and options trader, and inventor of the software which is now being used for high frequency trading – claims that the big banks retroactively allocate losing trades to their clients, and keep the winning trades for their own proprietary trading desks:

Obama’s Wall Street “reform” bill passes – US Senate rubber-stamps the dictatorship of the big banks

(WSWS) – The US Senate’s passage of the Obama administration’s financial reform bill Thursday was hailed in the media and by official Washington as a landmark effort to curb the power of the big banks. But on Wall Street itself, the news was greeted with a mixture of dismissal and applause.

Economy

(Telegraph) – Gulf of Mexico oil spill: US government extends no-fishing zone – Read More Here

(EconomicPolicyJournal) – On Naked Short Selling – Read More Here

(TimesOnline) – Watchdog finds massive ‘suckers list’

The Financial Services Authority is contacting more than 38,000 people across the UK to warn them they are being targeted by so-called ‘boiler room’ share fraudsters. Read More Here

(Bloomberg) – ‘Major Crash’ Likely If Stocks Break May 7 Lows, Russell Says

Investors should sell U.S. stocks because the market is at risk of a “major crash,” Richard Russell, editor of the Dow Theory Letters newsletter, said in a note to subscribers today. Read More Here

(ZeroHedge) – Ex-Bundesbank Chief Says Greece Will Never Repay Debt, Says Bailout All About “Rescuing Banks And Rich Greeks” – Tyler Durden – Read More Here

(LarouchePac) – Blair Murdered Glass-Steagall, Charges French Society of Financial Analysts – Read More Here

(WashingBrainBlog) – The Bankster-Gangster Crowd..Murdering People for over 2,000 Years

International bankers saw that interest-free scrip would keep America free of their influence, so by 1781 banker-backed Alexander Hamilton succeeded in starting the Bank of America. After a few years of “bank money”, the prosperity of “Colonial Scrip” was gone. Benjamin Franklin said, “Conditions were so reversed that the era of prosperity had ended and a depression set in to such an extent that the streets of the Colonies were filled with the unemployed!” Bank money was like our FED money. It had debt and interest attached. Read More Here

(ChartinStocks) – China Enters Bear Market Territory – Read More Here

(OilPrice) – Chinese Market Indicates that US Stocks could be in for a Big Fall

The economies of China and the U.S. are in effect Siamese Twins, joined at the hip. By pegging their currency to the U.S. dollar, the Chinese central government has tethered its economy to both U.S. policy and the U.S. economy. Read More Here

(PajamasMedia) – Leaked Doc Proves Spain’s ‘Green’ Policies — the Basis for Obama’s — an Economic Disaster

Pajamas Media has received a leaked internal assessment produced by Spain’s Zapatero administration. The assessment confirms the key charges previously made by non-governmental Spanish experts in a damning report exposing the catastrophic economic failure of Spain’s “green economy” initiatives. Read More Here

(PaulWatson) – Video: Rand Paul Savages Obama’s Catastrophic “Green Economy”

After trouncing his neo-con opponent comprehensively in the Kentucky Senate primary, Rand Paul savaged the man-made global warming scam for what it truly represents – an attack on the middle class and the industrialized world, as he warned President Obama and his sycophants, “we’ve come to take our government back”. Read More Here

(KurtNimmo) – Snake Oil Salesman Obama Peddles Worthless Wall Street Reform

Congress will save us from Wall Street, Obama said in his weekly radio and internet address. The bill in Congress will curb predatory lending practices, prevent banks from taking on too much risk, and give shareholders more of a say, Obama insisted. “Put simply, Wall Street reform will bring greater security to folks on Main Street. My responsibility as president isn’t just to help our economy rebound from this recession; it’s to make sure an economic crisis like the one that helped trigger this recession never happens again,” he said. “That’s what Wall Street reform will help us do.” Read More Here

(Bloomberg) – Conspiracy of Banks Rigging States Came With Crash

A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market. Read More Here

(YahooFinance) – Mortgage delinquencies, foreclosures break records

The number of homeowners who missed at least one mortgage payment surged to a record in the first quarter of the year, a sign that the foreclosure crisis is far from over. Read More Here

(CNC) – Derivative Disaster Spreads to Local Governments

The funding of road building, municipal utilities, school teacher pension funds and other local government projects are now threatened by derivatives gone bad. Read More Here

(EconomicCollapse) – 11 Signs That The U.S. Government Has Become An Overgrown Monstrosity That Almost Every American Is Dependent Upon For Economic Survival

Today, the number of Americans who are able to financially survive without any reliance on the U.S. government whatsoever is declining at a staggering rate. Whether it is through direct handouts, entitlement programs, student loans, government bailouts, government contracts or direct employment, the truth is that now a solid majority of the American people are at least partially dependent on the federal government for their economic survival. The sad thing is that the majority of the American people say that there is too much government in their lives when opinion polls are taken, but if you try to take the government check that they are getting away from them those same people will scream bloody murder. But the truth is that it is getting to be really, really hard to be completely independent of the U.S. government economically.

Economy

(MSNBC) – Video: Obamacare Loophole Exposed – Michael Moore – Video Link Here

(ChartingStocks) – Warren Buffet Does Heavy Selling; 13-F Filings Reveal

Billionaire investor Warren Buffet did some heavy selling during the first quarter of 2010. According to the most recent 13-f filing, Mr. Buffett liquidated his entire position health insurers United Health (UNH) and WellPoint (WPT). He dumped his holdings in financial companies Travelers (TRV) and Sun Trust Banks (STI). Read More Here

(PressTV) – Greece blames US for snowballing debts

Greek Prime Minister George Papandreou says he is considering taking legal action against US investment banks for their alleged role in the snowballing Greek debt crisis. Read More Here

(MarketTicker) – The German Government Has Had Enough

If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today. Read More Here

(MatterhornAsset) – ALEA IACTA EST

Yes this is it! We have crossed the Rubicon and events in the world economy are now likely to unfold in a totally uncontrollable fashion. Clueless governments still don’t understand that it is their ruinous actions that have created a credit infested and bankrupt world. They will continue to prescribe the same remedy that caused the problem in the first place, namely more credit and more printed money. The consequences are clear; we will have hyperinflation, economic and human misery as well as social unrest. Read More Here

(Bloomberg) – Conspiracy of Banks Rigging States Came With Crash

A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market. Read More Here

(LondonTelegraph) – Congress blocks indiscriminate IMF aid for Europe

Europe may have to clean up its own mess after all. The US Senate has voted 94:0 to block use of taxpayers’ money for IMF rescues that make no economic sense or bail-outs for countries like Greece that far are beyond the point of no return.
“This amendment will help prevent American taxpayer dollars from underwriting dysfunctional governments abroad,” said Texas Senator John Cornyn, the chief sponsor. “American taxpayers have seen more bailouts than they can stomach, and the last thing they should have to worry about are their hard-earned tax dollars being used to rescue a foreign government. Greece is not by any stretch of the imagination too big to fail.” Read More Here

(GnosticMedia) – Audio: Hey Wall Street, Naked Short Sell This! An Interview with Dr. Patrick Byrne and co-host, Wall Street whistle blower, Richard Andrew Grove – Audio Link Here

(SeekingAlpha) – $3,000 Gold? Rosenberg Says That May Be Conservative

Although gold bullion is both a commodity and currency, it has lately become the world’s currency of choice, i.e. a vote of no confidence in fiat paper. This is evident in the fact that the gold price has not only just made an all-time high in U.S. dollar terms ($1,249 on Friday), but also in just about every other currency one cares to mention. I illustrated this in a post a few days ago, entitled “Meet the world’s new currency of choice”. Read More Here

(Telegraph) – Higher taxes for a million as George Osborne’s emergency Budget hits investors

More than a million people could be dragged into paying capital gains tax after George Osborne confirmed that he would use his emergency Budget to hit investors. Read More Here

(RawStory) – Bill for Afghan war could run into the trillions

The U.S. Senate is moving forward with a 59-billion-dollar spending bill, of which 33.5 billion dollars would be allocated for the war in Afghanistan.

However, some experts here in Washington are raising concerns that the war may be unwinnable and that the money being spent on military operations in Afghanistan could be better spent. Read More Here

(DowJones) – Euro Plunges To 4-Year Low After German Trade Ban

The euro plummeted Tuesday to a fresh four-year low after Germany announced it would ban certain speculative investments, exacerbating the selling of the single currency as investors run out of alternatives to trade the sovereign debt crisis already roiling the euro zone. Read More Here

(CBC) – Canada comes out swinging against bank tax

Canada launched a full-court press against the idea of a global bank tax Tuesday, as the prime minister and four senior cabinet members came out strongly against a proposal that’s gathering global steam. Read More Here

(BusinessInsider) – Dow Theorist Richard Russell: Sell Everything Liquid, You Won’t Recognize America By The End Of The Year

Do your friends a favor. Tell them to “batten down the hatches” because there’s a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don’t need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won’t recognize the country. They’ll retort, “How the dickens does Russell know — who told him?” Tell them the stock market told him. Read More Here

(BusinessInsider) – A Look Back From 2013: How The Bailout Of Greece Caused The Split Of Europe

Last night we noted an interesting paragraph in an Ambrose Evans-Pritchard piece on the Telegraph, which cited an article in the major German newspaper Frankfurter Algemeine Zeitung, which described a future euro currency of strong nations that didn’t even include france. Read More Here

(Telegraph) – Banks dump Greek debt on the ECB as eurozone flashes credit warnings

Foreign holders of Greek and Portuguese debt have seized on emergency intervention by the European Central Bank to exit their positions, leaving eurozone taxpayers exposed to the credit risk. Read More Here

(Rense) – Congressional Climate Bills – Stealth Schemes To Raise Energy Prices And Enrich Wall Street – Stephen Lendman

On June 26, 2009, HR 2454: American Clean Energy and Security Act of 2009 (ACESA) passed, purportedly “To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy.”

In fact, it lets energy polluters raise prices for huge windfall profits and gives Wall Street a bonanza through carbon trading derivatives speculation. Catherine Austin Fitts’ Solari.com blog explained it last July in her article titled, “The Next Really Scary Bubble” is coming, saying:

“If you think the housing and credit bubble diminished your financial security and your community, or the bailouts, or the rising gas prices did as well, hold on to your hat” for what’s ahead. “Carbon trading is gearing up to make the housing and derivative bubbles look like target practice,” or in other words, be the mother of all scams, courtesy of administration, House and Senate collaboration with Wall Street and the energy giants. Read More Here

(PaulWatson) – Video: Blanchflower – Europe Could Break Up, Another Bailout Inevitable

Former Bank of England policy maker says collapse of single currency unstoppable

Video: Global food bubble on the way?

(TheRealNews) – May 2010 – Jayati Ghosh Professor of Economics: Food prices set to surge due to Wall Street speculation

Economy

(Bloomberg) – US Households Lost $100,000 From Crisis, Study Says

The financial crisis and recession cost US households an average of about $100,000 in lost wealth and income, according to a study by former Treasury Department economist Phillip Swagel. Read More Here

(InternationalForecaster) – Global Financial Conflagration: The World of Fiat Money is Buckling under the Pressure of Unpayable Debts – Bob Chapman

America and the world face a financial conflagration of immense proportions. The world of fiat money and massive credit is buckling under the pressure of unpayable debt. Each day the safe haven of gold and silver related assets become more attractive. We ask where else do you go for safety? A conflagration is a fire out of control and that is exactly the conditions the world faces today. The inflationary depression has smoldered for 14 months and it will soon accelerate. Read More Here

(IPSNews) – U.S. States Consider Starting Their Own Banks

At least eight U.S. states are considering proposals to start state-run banks in the wake of an economic crisis where many private banks ceased or greatly decreased their lending, literally shrinking the money pool available in state economies. Read More Here

(WashingtonsBlog) – Should a Stock Market Decline Stop the Goldman Prosecutions?

As of 2007, the bottom 50% of the U.S. population owned only one-half of one percent of all stocks, bonds and mutual funds in the U.S. On the other hand, the top 1% owned owned 50.9%.

From the San Francisco Chronicle: Read More Here

(TimesOnline) – Merkel misled Germans

She was initially hailed as the “Iron Chancellor” for holding out against a bailout for the Greeks. But this weekend Angela Merkel was accused of having misled voters after it emerged that Germany would contribute more than €25 billion (£21.7 billion) towards a rescue package. Read More Here

(Uruknet) – Confessions Of A Wall St. Nihilist: Forget About Goldman Sachs, Our Entire Economy Is Built On Fraud – Read More Here

(Telegraph) – Pakistan facing bankruptcy

Pakistan’s foreign exchange reserves are so low that the country can only afford one month of imports and faces possible bankruptcy. Read More Here

(BitsOfNews) – Pol/Econ: The 401k Scam

“The 401(k) will turn out to be the greatest systemic financial hoax ever perpetrated on an unsuspecting public.” – William Wollman, The Great 401(k) Hoax
Like most people I was told to plow as much money into my 401k pension plan as possible. So like millions of other workers out there, I did as I was told. By 2003 I had accumulated a nice little nest egg…that I couldn’t touch. Then one day I was in a bookstore and I happened across a book called The Coming Generational Storm. What I read about 401k’s that day made me immediately stop all contributions. Read More Here

(Bloomberg) – Carnivores’ Dilemma Widens as Pork Signals Record Meat Prices

U.S. meat prices may rise to records this summer after farmers reduced hog and cattle herds to the smallest sizes in decades, the result of surging feed costs linked to demands for more ethanol. Read More Here

(CatoInstitute) – Video: Advice to Tea Partiers

The Tea Party movement may endure, but its endurance will be a testament to its ability to understand that cutting government means having a long-term focus. John Samples, author of The Struggle to Limit Government and Director of the Cato Institute’s Center for Representative Government, offers an assessment of what Tea Partiers should do if they want to sustain an effort to cut government.

Congressman Waxman sneaks anti-vitamin amendment into Wall Street reform bill – Mike Adams

(NaturalNews) – Of all the sneaky tactics practiced in Washington D.C., this recent action by Congressman Henry Waxman (D-CA) is one of the most insidious: While no one was looking, he injected amendment language into the Wall Street Reform and Consumer Protection Act of 2009 (H.R. 4173) that would expand the powers of the FTC (not the FDA, but the FTC) to terrorize nutritional supplement companies by greatly expanding the power of the FTC to make its own laws that target dietary supplement companies.

Video: Gerald Celente on Bill Meyer – Wall Street is the biggest Casino in the world

April 26, 2010 –

Video: Fight the Derivatives Cancer with a Wall Street Sales Tax, Plus Bans on Hedge Funds, Credit Default Swaps, and Synthetic CDOs

(WebsterTarpley) – The Obama administration has been posturing this week about the life and death issue of Wall Street reform. Obama’s predicament is that of a Wall Street puppet who has been put into the White House thanks among other things to almost $1 million of contributions from the infamous Goldman Sachs – but who now needs to make a show of fighting his own Wall Street patrons for political reasons. Of course, Obama’s health-care reform was largely a bailout of insurance companies, which are themselves a key part of Wall Street. But Obama is now pretending to quarrel with Wall Street to shore up his waning credibility, partly because many House Democrats are desperately seeking anti-banker, economic populist street creds in order to avoid defeat in November. So far, the results have been largely feckless and inadequate.

Economy

(Rense) – FIRA – The 800 LB Gorilla In The Financial ‘Reform’ Bill – Joel Skousen

The lackluster Republican opposition to Senator Dodd’s Financial Reform bill is focused on whether or not the Democratic proposal allows for or prohibits additional bailouts. A secondary hot topic is the supposed derivative limitations. Frankly, these are both red herrings. They serve to mask an even larger danger that no one is talking about: a huge new government agency that will control all financial institutions in the US–and not just the “too big to fail” ones. Read More Here

(BBC) – UK unemployment increases to 2.5 million

The number of people unemployed in the UK rose by 43,000 to 2.5 million during the three months to February, official figures have shown. Read More Here

(BBC) – UK borrowing hits record £163.4bn – Read More Here

(WSJ) – 2nd UPDATE: US Regulators Close Seven Illinois Banks – Read More Here

(EPJ) – Understanding Just How Dangerous a Value-Added Tax Is – Read More Here

(EconomicPolicyJournal) – Here’s the Serious Situation that Could Blow Goldman Sachs Out of the Water – Read More Here

(WSWS) – Collapse of the Standard of Living in the USA

Studies Reveal Declining Living Standards and Increasing Anger Read More Here

(NPR) – Goldman Sachs Boasted As The Meltdown Unfolded

E-mails released Saturday morning show top executives at Goldman Sachs Group Inc. boasting about the money the firm was making as the national housing market collapsed in 2007. Read More Here

(MyBudget360) – The Futile Act of Saving in America Today – No Money Down Car Purchases, Low Down Payment for a big Mortgage, and High Interest Credit Cards for Everyday Spending – Read More Here

(BigGovernment) – IndyMac Attack: Did Schumer, Paulson, Soros, and the CRL Kill the Bank and Profit From Its Collapse? – Read More Here

(WSWS) – Obama Reassures Wall Street on Bank Regulation Bill

President Barack Obama went to lower Manhattan Thursday to deliver a message to Wall Street: Your profits and bonuses will not be disturbed by the regulatory overhaul making its way through Congress. Read More Here

(ZeroHedge) – Greece Welcomes Its New IMF Overlords With Day Of Rioting And National Strikes – Read More Here

(WashingtonPost) – For nations living the good life, the party’s over, IMF says

In the lingo of the International Monetary Fund, the future of the world hinges on “rebalancing and consolidation,” antiseptic words that would not seem to raise a fuss.

Who doesn’t want more balance in their life? Read More Here

(InfoClearingHouse) – Six Banks Control 60% of Gross National Product

Is the U.S. at the Mercy of an Unstoppable Oligarchy? Read More Here

(GlobalResearch) – Mortgage Madness: Financial Fraud in the Housing Market – Mike Whitney – Read More Here

(TruthDig) – The Story of the Financial Debacle: Goldman Plays, We Pay

The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly. Never in U.S. history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president. Read More Here

(WashingtonPost) – The best financial reform? Let the bankers fail

The trouble with Wall Street isn’t that too many bankers get rich in the booms. The trouble, rather, is that too few get poor — really, suitably poor — in the busts. Read More Here

(BoomBustBlog) – What We’re Looking For To Go Splat!

We have started picking new companies for forensic analysis, along with the ongoing study of the Pan-European Debt Crisis. Below you will find a sneak peak of what we have unearthed but first, the obligatory romp through recent news… Read More Here

(GoldScents) – On The Bring of an Asset Explosion II

Let me start off by saying the market should be correcting. Sentiment has reached ridiculous bullish extremes, the kind of extremes that led to the January /February correction. Read More Here

(CNN) – Video: SEC Watching Porno Not Wall St! – Jack Cafferty

Economy

(NewWorldOrderInformation) – News about Goldman Sachs Shouldn’t Surprise You

The announcement today that the Securities and Exchange Commission sued Fabrice Tourre, a Goldman Sachs vice president for fraud should not surprise you. I have warned the readers of this blog and elsewhere for years about the fraud and corruption in our financial markets and how the international banksters have been stealing your money. Read More Here

(NYTimes) – Investor Who Made Billions Not Targeted in Suit

Three and half years ago, a New York hedge fund manager with a bearish view on the housing market was pounding the pavement on Wall Street. Read More Here

(ZeroHedge) – Ratigan Deconstructs Goldman, Connecticut AG Blumental Wants Criminal Charges Filed

We expected Dylan to explode during today’s show. We were disappointed as he somehow managed to contain it, and did a pretty good recap of the Goldman affair (if a little too many matchbox cars on the show for our taste). Read More Here

(NewsMax) – Soros: Euro, EU Will Collapse if Germany Doesn’t Make Concessions

Billionaire financier George Soros thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, he told a newspaper. Read More Here

(KurtNimmo) – Video: Casino Carnival Barker Jim Cramer Defends Goldman Sachs

Goldman knowingly pitched worthless mortgage securities to clueless investors who took more than a billion dollar bath. The SEC and anybody who has two brain cells to rub together know this is massive criminal fraud. Read More Here

(AP) – 8 banks close in Calif., Fla., Mass., Mich., Wash.

Regulators on Friday shut down eight banks — three in Florida, two in California, and one each in Massachusetts, Michigan and Washington — putting the number of U.S. bank failures this year at 50. Read More Here

(TheGlobeAndMail) – Canada’s brewing debt storm

For every $1 of disposable income, Canadians owe a record $1.47. How did it come to this? Read More Here

(ProPublica) – Other Major Banks Did Deals Similar to Goldman’s

As you may have heard, Goldman Sachs is being sued for fraud [1] by the Securities and Exchange Commission [2] for allegedly misleading investors about a deal that Goldman helped structure and sell. In the civil suit, the SEC specifically faulted Goldman for failing to disclose that a hedge fund was helping create the investment while betting big the deal would fail. Read More Here

(NYTimes) – Investor Who Made Billions Not Targeted in Suit

Three and half years ago, a New York hedge fund manager with a bearish view on the housing market was pounding the pavement on Wall Street. Read More Here

Video: Americans prepare for disaster

(RussiaToday) – April 13, 2010

NBC admits using “behavior placement” on popular shows

(TheWeek) – First there was product placement. Now there’s “behavior placement,” the planting of subtle messages in popular TV shows to encourage certain viewer behavior — such as healthy eating or eco-conscious habits — and thereby convince sponsors that their brands will be associated with “feel-good, socially aware” shows. NBC has owned up to the practice, reports The Wall Street Journal, as part of its Green Initiative: If “Tina Fey is tossing a plastic bottle into the recycling bin,” the theory goes, audience members will be more apt to do the same. Innocuous or “Orwellian”? Read entire article

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

Economy

(ChristianScienceMonitor) – Economist tallies swelling cost of Israel to US

Since 1973, Israel has cost the United States about $1.6 trillion. If divided by today’s population, that is more than $5,700 per person. Read More Here

(Bloomberg) – Geithner Delays Currency Report, Urges Flexible Yuan for China

U.S. Treasury Secretary Timothy F. Geithner delayed a scheduled April 15 report to Congress on exchange-rate policies, sidestepping a decision on whether to accuse China of manipulating the value of the yuan. Read More Here

(MailOnline) – Cadbury staff given ultimatum: Opt out of final salary pension or pay is suspended for three years – Read More Here

(NCoal) – Florida Teacher Pensions To Be Reduced – Read More Here

(NBCWashington) – Layoffs Ahead for DC Workers

D.C. Mayor Adrian Fenty’s spending plan includes hundreds of millions of dollars in cuts. He presented his 2011 budget proposal to the City Council Thursday morning. D.C. workers should brace for major layoffs. Read More Here

(DailyBell) – The Ethics of Tax Resistance – Read More Here

(DailyBail) – Bernanke Feels The Heat: Maiden Lane Asset Disclosure Reveals Truth In Bailout Farce – Read More Here

(Vlog) – Video: the GOVERNMENT is Bankrupting this Country… – View Video Here

(Infowars) – Video: Bob Chapman’s Friday Economic Report on The Alex Jones Show – Part 1 Here – Part 2 Here

(NaturalNews) – Bodies Stack Up in California Morgues as Families Can’t Afford Burials

Hard economic times have made the cost of cremation or burial prohibitive for many people, leading them to abandon the bodies of their loved ones to be disposed of in mass graves by the state. Read More Here

(GlobalResearch) – Largest Money Transfer in Recorded History: $4.6 Trillion Spent on the Bank Bailout to Date

TALLY SHOWS THAT THE FEDERAL RESERVE IS THE REAL SOURCE OF BAILOUT FUNDS – Read More Here

(GlobalResearch) – Let’s Put an End to Public Debt Blackmail! – Read More Here

(GlobalResearch) – The Corrupt Practices of Financial Manipulation: The Meaning of the Greek Economic Crisis

Many things have been said about the Greek crisis in recent weeks, most of them obnoxious and confusing [1]. These stories result in an argument that is aimed for export to all developed countries. The media has extensively incorporated the official message, which could be divided into 5 chapters: Read More Here

(GlobalResearch) – More Toxic Paper: New Subprime Bonanza in the Housing Market – Mike Whitney

Another Stealth Bailout for Pudgy Banks – Read More Here

(MediaChannel) – As The Crisis Deepens, More Attention Is Being Paid To Financial Fraud

The “F Word” (for fraud) is back in polite conversation on Wall Street. Fraud and financial crime are slowly becoming part of the debate over what must be done to restore confidence in what has so plainly been a confidence game.

Drilling for oil has knocked financial reform out of the headlines, but among commentators, a concern with crime and the absence of punishment is being raised again. Read More Here

(RollingStone) – Looting Main Street – Matt Taibi

How the nation’s biggest banks are ripping off American cities with the same predatory deals that brought down Greece Read More Here

(NYTimes) – Pay Garnishments Rise as Debtors Fall Behind

When the bank sued Leann Weaver for not paying her credit card balance, her reaction was typical for someone in that situation. Personal and financial setbacks weighed her down, and she knew she owed the $2,470. So she never went to court to defend herself. Read More Here

Video: Midas Resources: National Debt –

Economy

(PhilStockWorld) – Bombshell: Whistleblower Steps Forward On Gold Market Manipulation – Reports Violations to the CFTC

Do we have another Harry Markopolos here, describing in detail the manipulation of the gold market by J.P. Morgan to the CFTC? How does this square with the testimony today from the CFTC Commissioners, who seem to indicate that the markets are functioning extremely well, and that investor can have full confidence in them? Read More Here

Coping With A Personal Financial Crisis – Read More Here

(Rense) – The Scary, Scary Social Security ‘Crisis’ is Back!

The New York Times weighed in today with a dire warning that this year, six years ahead of what had been predicted only a few years ago, the Social Security system would be (cue scary music) paying out more in benefits than it takes in from the payroll tax. The reason for this earlier-than-anticipated event is the Great Recession, the paper explained. Read More Here

(Gata) – A London trader walks the CFTC through a silver manipulation in advance

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so. Read More Here

(Bloomberg) – Hoenig Says Removing Bank Oversight Would Worsen Future Crisis

Federal Reserve Bank of Kansas City President Thomas Hoenig said a proposal to strip the Fed of supervision over 5,000 banks would worsen the next financial crisis by denying policy makers information about the firms. Read More Here

(AIM) – Who’s Behind the Financial Crisis?

The New York Times is quoting a spokesman for George Soros as saying that the well-known hedge fund operator is guilty of no wrong-doing in connection with the financial upheaval currently affecting Greece and Europe as a whole. But Zubi Diamond, author of the powerful new book, Wizards of Wall Street, says the agenda of Soros and other short sellers is clear. Their purpose, he says, is “to loot America and any foreign country which invested in America. Greece was one of them. Iceland was ravaged and annihilated.” Read More Here

(Reuters) – FACTBOX-US current, proposed law on currency manipulation

U.S. senators have introduced new legislation that threatens China with punitive duties if it fails to lift the value of its currency, boosting pressure on the Obama administration to take action under existing law. Read More Here

(USAToday) – Study: Retired couple will need $250,000 for health care

Relief to seniors facing high prescription drug costs is one of the first changes to come under the health care overhaul. But that won’t offset the relentless increase in retirees’ medical expenses. Read More Here

(GlobalResearch) – Financial Fraud in America. Wall Street: The Next Big Fight

In Britain, the police are raiding Hedge Funds to bust insider traders. In America, the Hedge Funds are still raiding us, even as public opinion calls for a crackdown on Wall Street. One recent poll, in a nation that seems so divided on everything, showed 82% for aggressive action. 82%! Read More Here

(NewsDay) – Officials: Obama budget will cut senior housing funds

Funding for elderly housing would be cut in President Barack Obama’s proposed budget for next year in a way that could affect as many as 1,000 low-income seniors living in rental units on Long Island, Sen. Charles Schumer warned Wednesday. Read More Here

(IND) – Berlusconi: Euro ‘screwed everyone’

Silvio Berlusconi launched an astonishing attack on the euro yesterday when he blamed the Europe’s single currency for Italy’s economic woes in the starkest comments to date, saying it “screwed everybody”. Read More Here

(AP) – Video: Does New 10% Tanning Tax Discriminate Against Whites? –

Economy

(WSJ) – U.S. Is Riskier Than Euro Zone; So Says CDS Market

Something troubling has occurred in the market for default protection on the debt of the world’s biggest borrower. Read More Here

(WSJ) – Treasurys Sink After Poor Sale

Treasury prices fell hard after a poor five-year auction that escalated concerns about the government’s ability to sell its massive amounts of debt. Read More Here

(KCTV5) – Folger’s To Close KC Coffee Plant

The J.M. Smucker Company announced Wednesday it will close its Kansas City Folger’s Coffee plant in the summer of 2012. Read More Here

(RussiaToday) – Video: Lehman Brothers: Warehouse for junk loans – View Video Here

(TheSun) – CHANCELLOR Alistair Darling has delivered his last crucial budget — and plunged the country further into debt. – Read More Here

(BusinessInsider) – JP Morgan Paid $1.9 Billion For Washington Mutual And Now It Wants A $1.4 Billion Tax Refund

JPMorgan Chase is negotiating with the FDIC for a tax refund related to its acquisition of Washington Mutual that could amount to $1.4 billion, The Wall Street Journal is reporting this morning Read More Here

(DailyTelegraph) – Gordon Brown told to explain why he sold Britain’s gold reserves

Gordon Brown has been ordered to release information before the general election about his controversial decision to sell Britain’s gold reserves. Read More Here

(Bloomberg) – Poll Reveals Americans Hate Wall Street

Americans are leery about creating a new federal agency to make consumer-protection rules for mortgages and credit cards and would prefer to enhance the existing powers of banking regulators. Read More Here

(Bloomberg) – States Sue Over Overhaul That Will Bust State Budgets

President Barack Obama faces a fight over the health-care overhaul from states that sued today because the legislation’s expansion of Medicaid imposes a fiscal strain on their cash-strapped budgets. Read More Here

(WallStreetJournal) – Economic Stimulus Bill May Give J.P. Morgan a Tax Refund of $1.4 Billion

J.P. Morgan Chase & Co. is nearing a deal that would allow it to benefit from a tax refund of as much as $1.4 billion, becoming the latest company to tap a little-noticed plank in an economic stimulus bill. Read More Here

(GlobalResearch) – Social Inequality in America: Widening Income Disparities

The “aristocracy of our moneyed incorporations” has never conceded a thing, not even to suppress a revolt. This “opulent minority” does not “give” what it does not intend to begin to claw back with its cold, non-living corporate “hand” before the ink is dry on the signatures on treaties, the Fourteenth Amendment, even the New Deal, perhaps the greatest bowl of gruel ever cooked up by an oligarchy. Read More Here

(EpochTimes) – Most Japanese Airports in Debt, Face Closure

The majority of Japanese airports are facing serious financial problems and may be forced to close unless they attract more passengers, according to a Japanese Ministry of Transport survey, reports the Japan Times. Read More Here

(FinancialArmageddon) – Is the stock market being manipulated?

Larry Doyle, a long-time Wall Street veteran and publisher of the Sense on Cents blog, hosts a Sunday night show, “No Quarter Radio’s Sense on Cents with Larry Doyle,” on Blog Talk Radio. In this week’s edition, which features an interview with Phil Davis of Phil’s Stock World, Larry raises a question that a few of us, who are amazed at and unsettled by the willingness of investors to throw caution to the wind and repeat the mistakes of the past (see “Back Buying the Same Kind of Crap” for one example), have occasionally wondered about ourselves: Read More Here

(MyBudget360) – How the Middle Class Slowly Evaporated in the Last 40 Years

Loss of Manufacturing, Bank Deregulation, Hyper Consumption, and Short-term Profit Seeking from Wall Street Read More Here

(DailyBell) – Global Economy Spins Out of Control? – Read More Here

(Spiegel) – German Shipping Faces Wave of Financing Problems

As recently as 2008, container ships were transporting record amounts of products across the world’s oceans. Now, many German shipping companies are struggling to pay for the vessels they ordered during the boom. Their banks could be in trouble, too. Read More Here

(CSPAN) – Video: Ron Paul Vs Tiny Tim Geithner-You Got Us In A Bigger Mess – View Video Here

Video: Obamacare – It’s About Enriching Bankers and Wall Street

(KurtNimmo) – In an effort to push through his totalitarian care bill, Obama promised the sky. One such promise was that he would give federal authorities the power to block unreasonable rate hikes. Just like the promise to put negotiations on C-SPAN, the promise to check rate hikes evaporated.

MSM: Climategate: two more bricks fall out of the IPCC wall of deceit – rainforests and polar bears

(Telegraph) – Oops! There go another two bricks, tumbling out of the IPCC wall of deceit on man-made global warming – there is not a lot left now; even the Berlin Wall (to which the AGW construct is ideologically allied) has survived better. Unhappily for Al, Phil, Michael, George and the rest of the scare-mongers, these two discredited components are among the most totemic in the AGW religion.

Obama Urges Senators to Drastically Expand Fed Power

(RawStory) – US President Barack Obama on Saturday urged senators to grant the Federal Reserve a dramatic expansion of its regulatory powers and to establish a new consumer protection committee to help safeguard Americans from Wall Street’s excesses.

Creating our Own Credit: The Growing Movement for Publicly-Owned Banks – Ellen Brown

(GlobalResearch) – As the states’ budget and credit crises deepen, four states have initiated bills for state-owned banks, and candidates in seven states have included that solution in their platforms.

Video: That Is Immoral! That Is Wrong! Sen Sanders

(CSPAN) – March 16, 2010

Economy

(USAToday) – States Freeze Tax Refunds

Residents eager to get their state tax refunds may have a long wait this year: The recession has tied up cash and caused officials in half a dozen states to consider freezing refunds, in one case for as long as five months. Read More Here

(DailyMail) – British law firm ‘conspired’ to hide $50bn debts of Wall St giant

A top British law firm helped stricken banking giant Lehman Brothers hide its debts in the run-up to the bank’s collapse, a report said yesterday. Read More Here

(IrishTime) – EU denies Greece bailout deal

The euro zone has not agreed a deal on financial support for heavily indebted Greece, but technical work is continuing and the Commission stands ready to act if need be, a spokesman said today. Read More Here

(InternationalForecaster) – The financial system in America is on the edge of default – Bob Chapman

The dramatic and costly undertow of deflation continues unabated, as government via fiscal policy and the Federal Reserve, by creating money and credit out of thin air, proceed to overpower this deflation with massive inflation. Read More Here

(BusinessInsider) – A Quick Reminder: Here’s The Real Problem

Here’s one of the only economic charts that really matters: Total U.S. debt to GDP (from John Mauldin).
This chart shows the trend from the end of the Civil War until now. Read More Here

(DoctorHousingBubble) – California Doing a Rendition of the Housing Industry on the Budget – $20 Billion Budget Deficit and Massive Amount of Distress Inventory

How Banks Raided the U.S. Treasury with the aid of the Federal Reserve and have Damaged Housing Further. Read More Here

(Bloomberg) – China May Face ‘Massive’ Bank Bailouts After Stimulus Program

China may be forced to bail out banks that made loans for local-government projects under the unprecedented stimulus program unleashed in 2008, according to Citigroup Inc. and Northwestern University’s Victor Shih. Read More Here

(AP) – Social Security to start cashing Uncle Sam’s IOUs

The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It’s time to start cashing them in. Read More Here

(CNN) – Two bank failures raise year’s tally to 30

The closures of Statewide Bank in Louisiana and Florida’s Old Southern Bank brought the number of bank failures this year to 30, according to the Federal Deposit Insurance Corp. Read More Here

(MyBudget360) – Middle Class Americans Losing Financial Ground on Retirement – As Stock Market Rebounds more Middle Class Americans Have Less Money and Fewer Jobs. How is Health Care Spending Boosting GDP a Good Thing? – Read More Here

(SilverBearCafe) – Iceland, the Mouse that Roared

I thought I heard something the other night. It was a distant sound, a low rumbling, a roar from some far off beast that had finally pronounced its presence. It woke me for a second, but it was so distant I felt no threat and simply rolled over and went back to sleep. The next morning I learned that Iceland was taking a stand. It was refusing to pay its British and Dutch debts. Read More Here

(Infowars) – U.S. Debt Clock in Real Time

The U.S. Debt Clock website has a graphic of the U.S. debt that updates in real time. It will make your head swim. Click here to be amazed… or disgusted. Read More Here

Economy Kept On Life Support While Global Governance Is Organized

(NeithercorpPress) – Winter is slowly melting away here in the U.S., and Spring will soon be upon us. Wall Street is currently flush with delight at the year long run of the stock market (driven by fiat bailouts), which at first glance appears to be doing quite well, though international incidences such as those in Dubai and Greece have revealed how shaky the market actually is in the face of any unhealthy news. In the meantime, the dollar, recently on the edge of detrimental value loss, has made a semi-miraculous recovery in the span of a few months, especially as the Euro suffers. Official employment numbers, despite the continuous loss of jobs monthly, have somehow fallen and are for the moment stabilized. Is it time for America to dust off the old credit cards and return to the wild and rollicking carefree spending days of pre-2007? Perhaps not…

Video: Gerald Celente – Financial cons run Wall Street

(RussiaToday) – A new report on Lehman Brothers says the bank was hiding billions of dollars in debt right before the financial crisis. Is this an indicator of widespread corruption in the United States financial sector? Is Wall Street getting away with even more shady practices?

Video: EMERGENCY ALERT – Historic Bailout Trial

(GaryFranchi) – Historic Bailout Trial 3/11/10 with opening arguments by Bob Schulz of the We the People Foundation will commence tomorrow. All patriots are needed to attend to witness and document this case. The constitutionality of the robbery of the Treasury of the United States by the criminal Wall Street Bankers hangs in the balance. SPREAD THE WORD!

Economy

(Reuters) – Sweden unexpectedly slides back into recession

Sweden’s economy unexpectedly slid back into recession in the fourth quarter, figures showed, sending the crown lower and raising questions about how soon interest rates will rise. Read More Here

(BobChapman) – Bonuses for Wall Street And Unemployment Elsewhere Continue To Grow

People should not underestimate the rational of those in high places because their agenda may be totally different then what they say it is. That includes the predicament of Dubai and Greece and a host of other nations that include the US and UK. The credit crisis, borne of the subprime crisis just didn’t happen; it was planned that way. Read More Here

(WashingtonTimes) – American reliance on government at all-time high

The so-called “Great Recession” has left Americans depending on the government dole like never before. Read More Here

(CumberlandAdvisors) – Commercial Real Estate: More Trouble Ahead

“Between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms. Nearly half are at present “underwater” – that is, the borrower owes more than the underlying property is currently worth. Read More Here

(OrlandoSentinel) – George Soros not satisfied with Barack Obama, claims he saved country from recession

CNN’s Fareed Zakaria introduced George Soros as “the billionaire investor, financier, speculator, philanthropist and thinker.” Read More Here

(LondonTimes) – Green fuels cause more harm than fossil fuels, according to report

Using fossil fuel in vehicles is better for the environment than so-called green fuels made from crops, according to a government study seen by The Times. Read More Here

(BusinessInsider) – Is March 9 The Day Greece Gets Its Bailout From Tim Geithner?

We’ve joked that if all else fails, then surely Tim Geithner will come to the rescue of Greece.

At least we thought we were joking. Read More Here

(Reuters) – UPDATE 1-Winter storms to distort US jobless figures-Summers

White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday. Read More Here

(Telegraph) – Don’t go wobbly on us now, Ben Bernanke

Barack Obama’s home state of Illinois is near the point of fiscal disintegration. “The state is in utter crisis,” said Representative Suzie Bassi. “We are next to bankruptcy. We have a $13bn hole in a $28bn budget.” Read More Here

(GlobalEconomicAnalysis) – California Delays Payments, Ponders IOUs Again, Demands 80% of Income Tax Paid Before It’s Even Earned

Tactics in California to shore up its municipal bond rating are quite humorous. Supposedly, by delaying payments to schools, California can boost confidence in its bonds. Read More Here

(Reuters) – Euro in most difficult phase since launch – Merkel

Europe’s single currency project is facing its toughest period since its launch over a decade ago and it is essential that Greece tackle the roots of its troubles to restore confidence, German Chancellor Angela Merkel said. Read More Here

(TheAtlantic) – How a New Jobless Era Will Transform America

The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. Read More Here

Paul Craig Roberts: US pushing for nuclear war; “leadership” treasonous, dupes US into wars

“The morons in Washington are pushing the envelope of nuclear war. The insane drive for American hegemony threatens life on earth. The American people, by accepting the lies and deceptions of “their” government, are facilitating this outcome.”
“Some other agenda is being served that we are not being told.” – Paul Craig Roberts
(Examiner) – Paul Craig Roberts is one of the most respected conservative voices in the nation. He is the former Assistant Secretary of the Treasury, and was Associate Editor of the Wall Street Journal.  He held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

Read More Here