(WashTimes) – California Gov. Jerry Brown split the difference Friday on the pile of gun-control bills sitting on his desk, opting to sign five but veto seven, including a bill that would have banned the sale of many popular hunting rifles. Read the rest of this entry »
(TedTalks) – Brené Brown studies human connection — our ability to empathize, belong, love. In a poignant, funny talk at TEDxHouston, she shares a deep insight from her research, one that sent her on a personal quest to know herself as well as to understand humanity. A talk to share. Read the rest of this entry »
(WebofDebt) – When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy in charge?”
(WebofDebt) – In an article titled “Still No End to ‘Too Big to Fail,’” William Greider wrote in The Nation on February 15th:
Financial market cynics have assumed all along that Dodd-Frank did not end “too big to fail” but instead created a charmed circle of protected banks labeled “systemically important” that will not be allowed to fail, no matter how badly they behave.
That may be, but there is one bit of bad behavior that Uncle Sam himself does not have the funds to underwrite: the $32 trillion market in credit default swaps (CDS). Thirty-two trillion dollars is more than twice the U.S. GDP and more than twice the national debt. Read the rest of this entry »
(USAWatchDog) – The State AG’s are supposed to settle the enormous mortgage mess for a mere $25 billion. The alleged fraud has been reported to be in the neighborhood of $13.5 trillion. Will the crooked big banks who perpetrated this scam on America get a free pass in the so-called “robo-signing” mess? There have been multiple lawsuits over the rip-offs, and there are at least a few states that are holding up the settlement for a better deal and the right to proceed with possible criminal investigations. Read the rest of this entry »
(WebofDebt) – An electronic database called MERS has created defects in the chain of title to over half the homes in America. Counties have been cheated out of millions of dollars in recording fees, and their title records are in hopeless disarray. Meanwhile, foreclosed and abandoned homes are blighting neighborhoods. Straightening out the records and restoring the homes to occupancy is clearly in the public interest, and the burden is on local government to do it. But how? New legal developments are presenting some innovative alternatives. Read the rest of this entry »
See Also: (OilPrice) – Football Pitch-Sized Batteries Could Change the World of Renewable Energy – James Burgess – Read More Here
Also: (Rys2Sense) – Video: Thorium an alternatrive nuclear energy – Video Link Here
(WebofDebt) – Neither rain nor sleet nor snow may have stopped the Pony Express, but the nation’s oldest and second largest employer is now under attack. Claiming the Postal Service is bankrupt, critics are pushing legislation that would defuse the postal crisis by breaking the backs of the postal workers’ unions and mandating widespread layoffs. But the “crisis” is an artificial one, created by Congress itself. Read the rest of this entry »
(WebOfDebt) – On November 27, Bloomberg News reported the results of its successful case to force the Federal Reserve to reveal the lending details of its 2008-09 bank bailout. Bloomberg reported that by March 2009, the Fed had committed $7.77 trillion in below-market loans and guarantees to rescuing the financial system; and that these nearly interest-free loans came without strings attached. Read the rest of this entry »
(RussiaToday) – This week Max Keiser and co-host, Stacy Herbert, talk about the Sarkozy-Merkel dog and pony show announcing the plan without a plan and about when an asset isn’t really an asset. In the second half of the show, Max Keiser interviews Ellen Brown, author of Web of Debt, about the German Landesbanks and a Swiss community currency. Read the rest of this entry »
(GRTV) – This week GRTV talks to Ellen Brown, an attorney, author, and president of the Public Banking Institute. We begin our discussion with an examination of Brown’s recent article on naked shorting and the supppression of the gold price, and we turn our attention to solutions that the people can use to take back power from the finance capitalists. We finish on a discussion of the state banking solution proposed by the Public Banking Institute.
(WebofDebt) – What just happened in the stock market?
Last week, the Dow Jones Industrial Average rose or fell by at least 400 points for four straight days, a stock market first.
The worst drop was on Monday, 8-8-11, when the Dow plunged 624 points. Monday was the first day of trading after US Treasury bonds were downgraded from AAA to AA+ by Standard and Poor’s.Read the rest of this entry »
(WebofDebt) – On June 30, QE2 ended with a whimper. The Fed’s second round of “quantitative easing” involved $600 billion created with a computer keystroke for the purchase of long-term government bonds. But the government never actually got the money, which went straight into the reserve accounts of banks, where it still sits today. Worse, it went into the reserve accounts of FOREIGN banks, on which the Federal Reserve is now paying 0.25% interest. Read the rest of this entry »
A U.S. bankruptcy judge temporarily blocked bankrupt subprime lender Mortgage Lenders Network USA from destroying 18,000 boxes of original loan files after federal prosecutors said documents in them may be needed as evidence in more than 50 criminal investigations. Read More Here
(ActivistPost) – Bankruptcy, not bailouts, a better path – Read More Here
(DailyBail) – Video: Florida’s Housing Bubble – What $1.4 Million Bought At The Height Of The Insanity – View Video Here
(DailyBail) – Bernanke The Accounting Magician: Unnoticed Rule Change Means The Fed Will NEVER Incur A Balance Sheet Loss Again – Read More Here
(Breitbart) – GM’s China sales pass US for first time in history – Read More Here
See Also:(BBC) – Video: Greenpeace leader admits Arctic Ice Exaggeration – Video Link Here
(21stCenturyWire) – 2010: Another record breaking winter. So what happened to global warming? – Read More Here
(ABC) – The money trail
Unpaid sceptics are not just taking on scientists who conveniently secure grants and junkets for pursuing one theory, they also conflict with potential profits of Goldman Sachs, JP Morgan, BNP Paribas, Deutsche Bank, HSBC, Barclays, Morgan Stanley, and every other financial institution or corporation that stands to profit like the Chicago Climate Exchange, European Climate Exchange, PointCarbon, IdeaCarbon (and the list goes on… ) as well as against government bureaucracies like the IPCC and multiple departments of Climate Change. There’s no conspiracy between these groups, just similar profit plans or power grabs. Read More Here
(ActivistPost) – Arctic air blast brings temps of 50 below to New England – Read More Here
(BangorDailyNews) – Arctic air blast prompts warnings
An arctic blast from Canada is bringing brutally frigid air and wind chills expected to dip to 50 below zero to northern New England, prompting officials to warn residents to take precautions against the cold. Read More Here
(AccuWeather) – Forecast for the Rest of Winter Looks Rough – Read More Here
(Telegraph) – Oh no, not another unbiased BBC documentary about ‘Climate Change’… – Read More Here
(DailyMail) – The BBC became a propaganda machine for climate change zealots, says Peter Sissons… and I was treated as a lunatic for daring to dissent – Read More Here
(DailyMail) – Four people killed as U.S. east coast shivers in temperatures as low as -50F – Read More Here
(IPS) – Driving Straight Into Catastrophe
Despite repeated warnings by environmental and climate experts that reduction of fossil fuel consumption and greenhouse gas emissions is fundamental to forestalling global warming, disaster appears imminent. According to the latest statistics, unprecedented climate change has Earth hurtling down a path of catastrophic proportions. Read More Here
(RussiaToday) – This week Max Keiser and co-host, Stacy Herbert, find an unsurprising answer to the most important question of our time, “why is America broke?” They also discuss ‘nasty surprises’ and Tony of Arabia. In the second half of the show, Max talks to author and blogger, Ellen Brown, about her latest piece on the Huffington Post offering a solution for Ireland. Read the rest of this entry »
(GlobalResearch) – The deficit hawks are circling, hovering over QE2, calling it just another inflationary bank bailout. But unlike QE1, QE2 is not about saving the banks. It’s about funding the federal deficit without increasing the interest tab, something that may be necessary in this gridlocked political climate just to keep the government functioning.
(Truthout) – Unlike QE1, QE2 is not about saving the banks. It’s about saving the country from Greek-like austerity measures necessitated by a burgeoning federal debt. The debt is never paid, but is just rolled over from year to year; but the interest is paid, and it is here that QE2 relieves the pressure, since the Fed rebates its interest to the Treasury.
The inflation hawks are circling, warning of the dire consequences of the Fed’s new QE2 scheme. “Quantitative easing” (QE) is Fedspeak for creating money out of nothing with a computer keystroke. Read More Here
(RussiaToday) – This time Max Keiser and co-host, Stacy Herbert, look at the full scale currency war launched by the “tomb maker” and at hiring hair stylists as scabs to cross the bankers’ picket line. He also talks to Ellen Brown about Foreclosure-gate. Read the rest of this entry »
(Reuters) – Czech president tells UN to stay out of economics
Czech President Vaclav Klaus on Saturday criticized U.N. calls for increased “global governance” of the world’s economy, saying the world body should leave that role to national governments. Read More Here
(WRAL) – Unclaimed corpses raise body counts at Greensboro hospital
A hospital in Greensboro has seen unclaimed bodies stack up because family members can’t afford to pay burial costs. Read More Here
(BusinessInsider) – How Hyperinflation Will Happen In America
Right now, we are in the middle of deflation. The Global Depression we are experiencing has squeezed both aggregate demand levels and aggregate asset prices as never before. Since the credit crunch of September 2008, the U.S. and world economies have been slowly circling the deflationary drain. Read More Here
REPOST – (WebOfDebt) – The Credit Meltdown and Wall Street’s Shadow Banking System – What Basel III Missed – Ellen Brown
While local banks are held in check by the new banking czars in Basel, Wall Street’s “shadow banking system” has hardly been curbed by regulators at all; and it is here that the 2008 credit crisis was actually precipitated.
The banking system’s credit machine is systemically flawed and needs a radical overhaul. Read More Here
(EconomicCollapseBlog) – 19 Facts About The Deindustrialization Of America That Will Blow Your Mind
The United States is rapidly becoming the very first “post-industrial” nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this is absolutely amazing. Read the rest of this entry »
(Gigaom) – WikiLeaks, the crusading anti-secrecy organization that just published 90,000 pages of secret government documents about the war in Afghanistan, has gotten a lot of attention for its campaign to become the world’s repository of whistle-blowing and embargo-busting information, and leader Julian Assange has become the star of the political talk show circuit. But the most interesting thing about WikiLeaks and the release of the secret Afghan documents isn’t the details of the U.S. campaign — it’s what the incident says about the evolution of a truly distributed and dis-aggregated new media ecosystem. Read the rest of this entry »
(GlobalResearch) – Latin America’s New Middle Class Rulers: Stabilization, Growth and Inequality – Prof James Petras – Read More Here
(WebOfDebt) – Taking Back the Money Power: How Hidden Pools of Government Money Could Help Save the Economy – Ellen Brown
For over a decade, accountant Walter Burien has been trying to rouse the public over what he contends is a massive conspiracy and cover-up, involving trillions of dollars squirreled away in funds maintained at every level of government. His numbers may be disputed, but these funds definitely exist, as evidenced by the Comprehensive Annual Financial Reports (CAFRs) required of every government agency. If they don’t represent a concerted government conspiracy, what are they for? And how can they be harnessed more efficiently to help allay the financial crises of state and local governments? Read More Here
(Fox5Vegas) – Las Vegas Unemployment Rate At 14.2 Percent – 193,000 Out Of Work Statewide – Read More Here
(DailyKos) – A perfect storm for unemployment in June
While there is plenty of talk about the economic recovery, there is barely a whisper about what is just a few weeks ahead. It’s not any one thing. It’s a combination of three (and possibly four) different events that will deliver devastating body-blows to the economy. Read More Here
(InfoClearingHouse) – Great Depression 2.0. Bet on it – Mike Whitney
(Telegraph) – Whatever Germany does, the euro as we know it is dead
“Money can’t buy you friends, but it does get you a better class of enemy” – Spike Milligan
For Angela Merkel, leader of the eurozone’s richest country, a queue is forming of high-quality adversaries. As she tips German Geld und Gut into the furnace of a rescue package for the euro, while going it alone in a misguided ban on market “manipulators”, the brass-neck Chancellor has infuriated domestic voters, angered her EU partners (in particular the French) and invited the so-called wolf pack of global traders to do its worst. Read More Here
(TheFluCase) – Germany’s Parliament Votes to Give 66% of Country’s Annual Income Tax Revenue to Banks
Germany’s parliament today passed a bill that will mean that about 66 per cent of the country’s income tax revenue each year will go to banks in the form of interest payments on souvereign dent bonds held by Greece, Portugal and other eurozone nations. Read More Here
Whether you believe the U.S. economy ever exited recession or not, a further decline is already baked in by numerous macro factors. Read More Here
(May 21) – Video: Bob Chapman’s Friday 5/21/2010 Economic Report on Alex JonesTv
Bob Chapman, publisher of the International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide. – Part 1 – Part 2 – Part 3 – Part 4 – Part 5
(May 20) – Video: Author Ellen Brown Details How to Have A State Own Bank Like N. Dakota on Alex Jones Tv
Alex also welcomes to the show attorney and author Ellen Brown. Her latest book, Web of Debt, documents the Federal Reserve and “the money trust” and shows how this private cartel has usurped power to create money from the people themselves and how we the people can get it back. Brown is the author of several other books, including Forbidden Medicine, Nature’s Pharmacy for Children: Drug Free Alternatives for More Than 160 Childhood Ailments. Read the rest of this entry »
“I desire what is good. Therefore, everyone who does not agree with me is a traitor.” King George III .
“That it is better 100 guilty Persons should escape than that one innocent Person should suffer, is a Maxim that has been long and generally approved.” Benjamin Franklin, letter to Benjamin Vaughan, March 14, 1785
“As many of you know, it has been reported that President Obama has signed an order authorizing the assassination of [American Citizen] al-Awlaki… ..no one argues that a President doesn’t have the right to issue such an order.“Senator Joe Lieberman, 5/6/10.
(CampaignForLiberty) – Imagine you are sitting home on a quiet Sunday afternoon in conversation with your beloved spouse. Suddenly your husband slumps over, blood draining from his head as a sniper’s bullet shatters your living room window. Your husband has just been assassinated by a government agent and it is later discovered — after ten years of painful inquiries carried out under the threat of your own assassination — that your husband was targeted as an enemy combatant and a terrorist. Read the rest of this entry »
(Examiner) – Senator Joe Lieberman is sponsoring a Bill with Massachusetts Republican Scott Brown called the “Terrorist Expatriation Act” that would strip terrorist suspects on their citizenship. The bill applies to any American that supports a foreign terrorist organization or any organization that is deemed a supporter of terrorism by an ally of the United States. The bill gives the State Department the power to determine who is a terrorist and strip away their citizenship.
Lieberman introduced the Bill stating “The State Department will make an administrative determination… the State Department will now have the authority to revoke their citizenship… they will not enjoy the rights and privileges of American citizenship in the legal proceedings against them…. he could then be tried by military commission as the Unprivileged Enemy Belligerent that he is.” Read the rest of this entry »
David Icke discusses the reasons behind policies of mass uncontrolled immigration in pursuit of ending the nation state, with particular focus on the 2010 British election and the Cameron-Clegg “coalition” which will only be used to advance both flanks of the new world order agenda via a one-party state. Read the rest of this entry »
(WilliamBowles) – I admit to being one of the many millions of people who didn’t watch any of the so-called Prime-Ministerial ‘debates’ that have swarmed over the television channels since the announcement of the date of the General Election on 6 May. Not that this meant that I escaped the media onslaught on what’s left of our political senses even if, after the first ‘debate’, viewing figures for ‘Debate No.2’ plummeted by over 50%. If you’ve seen one, you’ve seen them all. Read the rest of this entry »
(Yahoo) – A new bill that would permit the State Department to strip Americans of their citizenship if they support terror networks has drawn a cool reaction from the White House, even as Secretary of State Hillary Clinton appeared to embrace the measure.
“I have not heard anybody inside the administration that’s been supportive of that idea,” White House Press Secretary Robert Gibbs told reporters Thursday.
But Secretary of State Hillary Clinton said the administration would take “a hard look” at the measure, the New York Times reported. “United States citizenship is a privilege,” she told the Times. “It is not a right. People who are serving foreign powers — or in this case, foreign terrorists — are clearly in violation, in my personal opinion, of that oath which they swore when they became citizens.”
The proposed Terrorist Expatriation Act, introduced by Senate Homeland Security Committee Chairman Joe Lieberman (I-Conn.) and Sen. Scott Brown (R-Mass.), seeks to update a federal statue that outlines seven infractions that can result in Americans losing their citizenship. The measure would add to the list “actively engaging in hostilities against the United States or its allies” and “providing material support or resources” to a federally designated terrorist organization. Read entire article
(AU) – Housing market will implode, warns Edward Chancellor
AUSTRALIA is in the midst of an unsustainable housing bubble that could burst at any time, warns the man who predicted the global credit bust of 2007. Read More Here
(DailyFinance) – FDIC Shuts Seven More Banks at a Cost of Over $7 Billion
The Federal Deposit Insurance Corporation closed seven more banks on Apr. 30, bringing the total to 64 for the year. The day was particularly expensive, costing the agency just over $7 billion. Read More Here
(Telegraph) – Radical tax on debt put to parties
Households should pay a new tax on every pound of debt they owe, according to one of Britain’s leading economists. Read More Here
(BusinessInsider) – Find Out How Much The Greek Bailout Is Costing YOU – Read More Here
(GlobalResearch) – The Criminalization of Wall Street: Will Any Exec at Goldman Sachs Go to Jail? – Danny Schechter
Will Goldman survive the assault? Will the threat of criminal charges being pursued against the world’s leading investment bank spill over onto others on Wall Street? Is the criminalization of the crisis underway, or is all this just a maneuver? Read More Here
(InfoClearingHouse) – The Subprime Conspiracy: Was There A Plan to Blow Up The Economy? – Mike Whitney
Many people now believe that the financial crisis was not an accident. They think that the Bush administration and the Fed knew what Wall Street was up to and provided their support. This isn’t as far fetched as it sounds. Read More Here
(Reuters) – Morgan Stanley fined $14 mln for hidden block oil trade
U.S. futures regulators fined Morgan Stanley (MS.N) $14 million for failing to report a big block oil trade and fined Moore Capital $25 million for attempting to manipulate palladium and platinum futures. Read More Here
(TheState) – Bartering up as economy down
Bartering, trading goods or services rather than charging cash, is an ancient practice. But it has gained popularity during the economic meltdown that left many short on cash but rich in talent or treasures. Read More Here
(BusinessInsider) – David Kotok: $12.5 Billion Is Just The Start Of The Oil Cleanup Costs, And A Double-Dip Is Now Way More Likely
David Kotok of Cumberland Advisors is out with some very gloomy comments about the economic ramifications of the Deepwater Horizon oil spill, and what it will cost. First he notes the ugliest case scenario:
This spew stoppage takes longer to reach a full closure; the subsequent cleanup may take a decade. The Gulf becomes a damaged sea for a generation. The oil slick leaks beyond the western Florida coast, enters the Gulfstream and reaches the eastern coast of the United States and beyond. Use your imagination for the rest of the damage. Monetary cost is now measured in the many hundreds of billions of dollars.
(WebOfDebt) – While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs.
Market commentators are fond of talking about “free market capitalism,” but according to Wall Street commentator Max Keiser, it is no more. It has morphed into what his TV co-host Stacy Herbert calls “rigged market capitalism”: all markets today are subject to manipulation for private gain. Read the rest of this entry »