In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” Read the rest of this entry »
Hundreds of protestors demonstrated agains the proposed $700 Billion bail out plan for the finance and banking industry, yet the national news media in America didn’t even report it!
Anyway, in case you haven’t seen it, I have collected a bunch of videos from the protests on Wall Street (Sept. 25) and posted them below. Have a look at what the news media DIDN’T show you! Warning: some of the protest videos contain profanity. Read the rest of this entry »
I’m not much of an Army Times reader, but after reading that a brigade was shipping from Iraq in October to serve as “an on-call federal response force for natural or manmade emergencies and disasters, including terrorist attacks” in the homeland right before the election, my antennae perked up. Same as they did when I read that an electoral college doomsday scenario exists in which Dick Cheney casts the deciding vote that gives McCain-Palin the White House. Read the rest of this entry »
Severalbloggerstoday have pointed to this obviously disturbing article from Army Times, which announces that “beginning Oct. 1 for 12 months, the [1st Brigade Combat Team of the 3rd Infantry Division] will be under the day-to-day control of U.S. Army North” — “the first time an active unit has been given a dedicated assignment to NorthCom, a joint command established in 2002 to provide command and control for federal homeland defense efforts and coordinate defense support of civil authorities.” The article details:
Midway into Canada’s federal election the battle lines are clearly taking shape as voters across the country witness in anger and sad disbelief the Asper Media cartel’s unabashed smear campaign now being orchestrated against any and all candidates who don’t espouse views acceptable to the Zionist agenda for globalization, endless war, and the suppression of free speech.
Whether you are Green or Red or Blue the colour doesn’t matter. What is critical is that you must not come into this election bearing any present or past grievances toward either the Bush Regime, the Zionist state of Israel, the illegal wars in Afghanistan and Iraq or the draconian federal laws prohibiting citizens from cultivating or enjoying a puff of that magic dragon cannabis. Read the rest of this entry »
RHINEBECK, NY 29 September 2008 — The Greatest Depression has begun. Conditions will drastically deteriorate. We urge you to consider taking proactive and protective measures to secure your future before it’s too late.
The “Panic of ’08″ that has gripped the financial markets is but one symptom of a much greater crisis. Empire America is collapsing. The crash is under way. Those in denial refuse to see it. Others pin their hopes on politicians, bankers and brokers to miraculously repair the irreparable. Read the rest of this entry »
While the Austrian economists of Mises.org and LewRockwell.Com were warning against the housing bubble and the inflationary nature of the Fed, the mainstream was touting the economic wisdom of Bernanke and Greenspan. When this recession hit, it seems everyone except the Austrians was caught off guard.Read the rest of this entry »
Stocks skidded this afternoon, with the Dow’s nearly 778-point drop being the worst single-day point loss ever, after the House rejected the government’s $700 billion bank bailout plan. Read the rest of this entry »
The ultimate outcome for a corruption driven lobbyist in Washington, D.C. is the complete severance of citizen control over their masters. The psychology that one person, or group, or branch of government in control can solve problems is the definition of dictatorship. After 40 years, I can still look my fellow revolutionaries in the eye and say once again, “You can’t change the system from within, it will only corrupt you.” Read the rest of this entry »
These are the comments of Representative Marcy Kaptur in the House on the $700 Billion “No Banker Left Behind” Bailout bill now in Congress. Read the rest of this entry »
The crime of the century. The greatest one ever. Author Danny Schechter calls it “Plunder.” The title of his important new book on the subprime and overall financial crisis. Economist Michael Hudson and others refer to a kleptocracy. A Ponzi scheme writ large. Maybe an out-of-control Andromeda Strain. An economic one. Deadly. Unrecallable. Science fiction now real life. Potentially catastrophic. World governments trying to contain it. Trying everything but not sure what can work. Maybe only able to paper it over for short-term relief. Buy time but in the end vindicate the maxim that things that can’t go on forever, won’t. Read the rest of this entry »
On the heels of JPMorgan’s purchase of Washington Mutual –- the largest bank failure in U.S. history -–a new bank merger has been announced. This time, though, the Federal Deposit Insurance Corporation assures us that a bank failure wasn’t part of the mix. Read the rest of this entry »
Wall Street returned from yet another momentous weekend with a sharply negative open as the markets reacted to Citigroup’s government-assisted takeover of Wachovia and a breakthrough agreement in Congress over the $700 billion financial rescue plan Read the rest of this entry »
NEW YORK – Financial markets moved quickly into negative territory in early trading Monday ahead of a planned House vote on an unpopular $700 billion plan to rescue troubled financial companies and as investors examined a deal for Wachovia Corp. Read the rest of this entry »
The US stock market could suffer a devastating crash with shares losing a third of their value this week if Hank Paulson’s financial bailout plan fails, US Treasury officials have warned. Read the rest of this entry »
WASHINGTON — Key lawmakers who struck a post-midnight deal on a $700 billion bailout for the financial industry predicted Sunday it would pass Congress, putting in place the largest government intervention in markets since the Great Depression. Read the rest of this entry »
Perhaps sovereignty is relative; how else can one explain the subjugation of the most powerful industrial nations to the will of another while under the delusion of independence, national interest, democracy, and even capitalism? A single country, Israel and its powerful lobby AIPAC have altered the course of history in America and by extension, the rest of the world.Read the rest of this entry »
New York/London, Sep 27 (PTI) Financial turbulence in the US took yet another toll with America’s sixth largest bank, Wachovia, starting preliminary talks with potential buyers including Citigroup, Wells Fargo and Spain’s Banco Santander, media reports say.
The reports about Wachovia looking for a bailout buyer appeared in media a day after the collapse of Washington Mutual, the biggest bank failure of US history. Read the rest of this entry »
The President of the Islamic Republic of Iran Mahmoud Ahmadinejad says that the idols of the modern era are collapsing right now.
“The world is on the eve of big developments. The era of powers that had weapons and used force is nearing its end,” Ahmadinejad said Friday while speaking to reporters upon his arrival from New York, where he attended the 63rd annual session of the UN General Assembly. Read the rest of this entry »
Congressional leaders and the Bush administration this morning said they had struck an accord to insert the government deeply into the nation’s financial markets, agreeing to spend up to $700 billion to relieve Wall Street of troubled assets backed by faltering home mortgages.
House and Senate negotiators from both parties emerged with Treasury Secretary Henry M. Paulson Jr. at 12:30 a.m. from a marathon session in the Capitol to announce that they had reached a tentative agreement on a proposal to give Paulson broad authority to organize one of the biggest government interventions in the private sector since the Great Depression. Read the rest of this entry »
This is another 10 minute video by Karl Denninger. All indications in the press are that Congress is going to buckle under and sign the bailout with changes that are not going to solve the problem. We need to call our Congress people on the phone. Email is OK, but a phone call from an angry constituent is more impressive. There are two links below. The first is the above mentioned video and the second is Denninger’s web page that I hope you will bookmark. He does a daily update. If you believe Denninger is on the mark please tell your friends about him and his site referenced below Read the rest of this entry »
The financial system is blowing up. Don’t listen to the experts; just look at the numbers. Last week, according to Reuters, “U.S. banks borrowed a record amount from the Federal Reserve nearly $188 billion a day on average, showing the central bank went to extremes to keep the banking system afloat amid the biggest financial crisis since the Great Depression.” The Fed opened the various “auction facilities” to create the appearance that insolvent banks were thriving businesses, but they are not. They’re dead; their liabilities exceed their assets. Now the Fed is desperate because the hundreds of billions of dollars of mortgage-backed securities (MBS) in the banks vaults have bankrupt the entire system and the Fed’s balance sheet is ballooning by the day. The market for MBS will not bounce back in the foreseeable future and the banks are unable to roll-over their short term debt. Game over. The Federal Reserve itself is in danger. So, it’s on to Plan B; which is to dump all the toxic sludge on the taxpayer before he realizes that the whole system is cratering and his life is about to change forever. It’s called the Paulson Plan, a $700 billion boondoggle which has already been disparaged by every economist of merit in the country. Read the rest of this entry »
ONE of the world’s leading experts on fluoride paid a flying visit to Southampton to join in the Great Fluoride Debate.
Dr Paul Connett is vehemently opposed to fluoridation and has jetted into the city all the way from his home in New York to add his powerful voice to the consultation on plans to add fluoride to the city’s tap water. Read the rest of this entry »
Judiciary Scuttles Motions Demanding U.S. Produce Evidence of Constitutional Authority
Late last week, WTP Chairman and constitutional activist Robert Schulz filed a federal lawsuit in United States District Court in Albany seeking to halt the execution of the emergency bailout of Wall Street insurance giant American Insurance Group, AIG. On Wednesday, Schulz filed a second federal lawsuit seeking to block the larger Wall Street bank bailout currently being negotiated through the U.S. Congress.
Yesterday, while ignoring the dissimilar legal issues raised in the two lawsuits, the U.S. District Court issued an Order combining the two cases into a single case and denying the applications for injunctive relief requested. The Court, in effect, ducked a judicial (and very public) hearing to examine the critical legal question at the heart of the bailouts: What Constitutional authority exists for the U.S. Government or Federal Reserve to use public (taxpayer) funds for definitively private purposes? Read the rest of this entry »
Conservative House Republicans and economists warn about the toll a $700 billion federal bailout of the financial sector would have on the taxpayers footing the bill. But according to Bloomberg TV analyst Marc Faber, the actual cost could be closer to $5 trillion. Read the rest of this entry »
THIS IS A CALL TO ARMS-NOT WITH GUNS AND BULLETS – BUT WITH THE TELPEHONE, WITH EMAILS, WITH YOUR SACRED HONOR AND PERSONAL ASSETS.
In 1913, at 11:45 p.m., on the eve of Christmas, a group of powerful men came together to form a private corporation, designed to control the monetary system of our country. They moved with a calculated craftiness and deceit to pass legislation that would enslave every American as a debtor to their corporation. Read the rest of this entry »
On Wednesday, the House passed a mammoth defense bill by a 392-39 vote. It’s expected to clear the Senate with little difficulty next week.
It was part of a trillion-dollar stop-gap measure to keep programs running through next March, allowing lawmakers to skip town without passing a final budget. The Associated Press reports, “The legislation came together in a remarkably secret process that concentrated decision-making power in the hands of a few lawmakers.” Read the rest of this entry »
Reston, VA – North Dakota and Montana have an estimated 3.0 to 4.3 billion barrels of undiscovered, technically recoverable oil in an area known as the Bakken Formation.
A U.S. Geological Survey assessment, released April 10, shows a 25-fold increase in the amount of oil that can be recovered compared to the agency’s 1995 estimate of 151 million barrels of oil. Read the rest of this entry »
While millions of people around the world watched Barack Obama and fellow U.S. presidential candidate John McCain debate each other, another man running for the high office was ignored. Independent Ralph Nader is not allowed to debate McCain and Obama because officials say he doesn’t qualify. However, Nader’s influence on the tight election may be greater than he’s being given credit for. Read the rest of this entry »
At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. history. Read the rest of this entry »
• Economy shrank in Q1 and Q2
• Germany and Spain could be next
Ireland has become the first country in the eurozone to slip into recession, official figures showed today.
According to the Central Statistics Office, the country’s once-booming economy shrank by 0.3% in the first quarter of the year and by 0.5% in the second. The technical definition of a recession is two or more consecutive quarters of contraction. The European commission thinks that Germany and Spain could be next. Read the rest of this entry »
26/09/08 “Day Publishing” — – Even leading Republicans in Congress, including presidential nominee Sen. John McCain, recoiled from Treasury Secretary Henry M. Paulson’s proposal to take absolute power over $700 billion to be borrowed by the federal government and used to purchase every sort of bad debt without ever having to answer for it – not to the courts, not to regulatory agencies, and only occasionally and incidentally to Congress itself.
The bad-debt bailout would be the biggest government patronage program in history and would amount to declaring martial law over the U.S. financial system and economy. Read the rest of this entry »
U.S. banks borrowed $188 billion per day on average in the latest week from the Federal Reserve, meaning that the Fed loaned out more money than the Treasury’s proposed bailout in just one week, still barely managing to keep the economy afloat.
Federal Reserve data showed on Thursday the total amount banks borrowed nearly quadrupled the previous record of $47.97 billion per day notched just the week before, Reuters reports.
$188 billion per day on average over the course of five days means that the total amount borrowed from the Fed in the week ending the 24th September stood at $940 billion – a figure that easily eclipses the proposed $700 billion bailout. Read the rest of this entry »
Congressman says civil unrest after meltdown could lead to martial law
Congressman Ron Paul says that the bailout bill is likely to pass, heralding a 10-year plus economic depression for America and the potential for martial law should civil unrest arise as the financial meltdown worsens.
Speaking on The Alex Jones Show, Paul said of the bailout, “They want dictatorship, they want to pass all the penalties and suffering on to the average person on Main Street,” adding, “We will have a depression or recession, it’s locked in place due to previous Federal Reserve actions.” Read the rest of this entry »
On Thursday morning, September 18, 2008 a tragedy almost befell the 450 billionaires and 3,000,000 millionaires that live in the United States. The billionaires were on their way to becoming millionaires and the millionaires were about to leave the club. Luckily, Hank Paulson, U.S. Treasury Secretary, felt their pain. His $700 million portfolio was probably taking a bit of a haircut too. There are 305 million people living in the United States. The net worth of all the households in the U.S. as of June 30, 2008 was $56 trillion. The 450 billionaires have a net worth of approximately $1 trillion and the 3,000,000 millionaires have a net worth of approximately $11 trillion. So, 1% of the population currently owns 21% of the net worth in this country. Many of these billionaires and millionaires have accumulated their wealth by managing other people’s money. The customers never have the yachts. The money managers have the yachts. The 1% ruling elite are deciding the fate of your grandchildren in Washington D.C. this week out of public view. The ruling elite have the most to lose. Whose best interest do you think they are looking out for?Read the rest of this entry »
(NaturalNews) High intake of the artificial sweetener aspartame may lead to the degeneration of brain cells and various mental disorders, according to a research review conducted by South African scientists from the University of Pretoria and the University of Limpopo and published in the European Journal of Clinical Nutrition.
“We propose that excessive aspartame ingestion might be involved in the pathogenesis of certain mental disorders, and also in compromised learning and emotional functioning,” the researchers concluded. Read the rest of this entry »
As Bush Admin Pushes $700B for Wall Street, Ralph Nader Asks, “Why Is There Need for a Bailout?”
As the Bush administration intensifies its pressure for Congress to quickly approve a $700 billion bailout of the financial industry, we get reaction from Independent presidential candidate and consumer advocate Ralph Nader. Nader calls Democratic claims of White House concessions wish fulfillment and says the bailout might not be needed in the first place.
