(HuffPost) – JP Morgan Chase CEO Jamie Dimon has had to appear before the Senate Banking Committee this week after his company lost somewhere between $3 billion and $8 billion in a bad trade. Read the rest of this entry »

(HigginsBlog) – Yes the CEO of that same AIG that held their hands out for $85 billion dollars of your money because they decided gamble the entire global economy is now complaining that the government can’t be expected to give out retirement benefits to senior citizens at age of 65. Read the rest of this entry »

(AllGov) – Raymond Gilmartin’s landing was a soft one after leaving behind an embattled Merck. The one-time top executive of the leading pharmaceutical company, which was engulfed in the Vioxx controversy last decade, splits his time these days between teaching part-time at Harvard and serving on the boards of major corporations. Read the rest of this entry »

(AmericanDream) – There are 27 members on Barack Obama’s job creation panel, and most of them are corporate executives.  The formal name of the panel is the President’s Council on Jobs and Competitiveness, which is kind of ironic considering the fact that many of the CEOs on the panel have been rapidly shipping jobs out of the United States.  So what hope is there that things are going to turn around if many of the folks that are supposed to be helping Barack Obama create U.S. jobs are actively destroying them instead?  Read the rest of this entry »

(CredoAction) – Right now, Monsanto, the corporation responsible for producing roughly 90% of genetically modified seeds around the globe, is working to bring their new, GMO sweet corn to a grocery store aisle or farmer’s market near you.¹

Unlike Monsanto’s other GMO crops — which are primarily fed to animals — this sweet corn is intended for direct human consumption. Read the rest of this entry »

(Creators) – With BP’s well capped and CEO Tony Hayward exiled to Russia, perhaps you thought that surely there will be no additional revelations about BP to enrage you. But now comes this: prison labor.

In its national PR blitz to buff up its image, the oil giant has loudly been boasting that it has hired devastated, out-of-work local people to handle the clean-up. Many have been hired, but the people themselves say not nearly enough. The Nation magazine now reports a big reason for the shortfall — BP has been using inmates to do much of the shoveling and scooping to remove oil from Louisiana beaches. Read More Here

(PaulWatson) – The net-neutrality ending deal with Verizon is just the beginning of Google’s plans to kill the open and free Internet as part of their takeover agenda to completely control the world wide web and force independent media websites, radio and TV shows out of existence for good.

Google’s agreement with Verizon to speed certain Internet content to users opens the door to the complete sterilization of the world wide web as a force for political change. Under Google’s takeover plan, the Internet will closely resemble cable TV, independent voices will be silenced and the entire Internet will be bought up by transnational media giants. Read the rest of this entry »

(RussiaToday) – Google’s South Korean headquarters have been raided because of allegations that the internet giant stole private information from the nation’s citizens. Google’s CEO Eric Schmidt, a member of the Bilderberg group, has called for a new internet that will have a slow lane for porn and shopping but the value added content is only for those who can pay. Wayne Madsen adds that the Obama administration wants to shut the internet down to those who cannot pay for it or don’t have enough political influence. Read the rest of this entry »

(RussiaToday) – Google’s South Korean headquarters have been raided because of allegations that the internet giant stole private information from the nation’s citizens. Google’s CEO Eric Schmidt, a member of the Bilderberg group, has called for a new internet that will have a slow lane for porn and shopping but the value added content is only for those who can pay. Wayne Madsen adds that the Obama administration wants to shut the internet down to those who cannot pay for it or don’t have enough political influence. Read the rest of this entry »

(ActivistPost) -  Trends Research Institute CEO, Gerald Celente,  originally predicted the rise of a third party when he spoke with Libertarian radio talk show host, Alex Jones, in late 2009 and repeated this forecast last week on the same show.

Celente described this populist third party as “Progressive Libertarians” who stand for real environmental issues such as non-GMO organic foods, clean water, air, and soil free from corporate pollution, while advocating for alternative health freedoms and economic justice.  He coupled this group with the antiwar, “live free or die” Libertarians who principally desire a return to small locally-controlled government with truly free economic markets to form an independent coalition.  But is such a populist alliance realistic? Read the rest of this entry »

(ABC) – Factory Orders Drop More Than Expected – Read More Here

(CNNMoney) – Job recovery hits a wall – Read More Here

(Independent) – Johann Hari: How Goldman gambled on starvation

Speculators set up a casino where the chips were the stomachs of millions. What does it say about our system that we can so casually inflict so much pain? Read More Here

(ATR) – Six Months to Go Until The Largest Tax Hikes in History

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below Read More Here

(ABCNews) – Walmart CEO Pay: More in an Hour Than Workers Get All Year? – Read More Here

(Telegraph) – Middle class families face a triple whammy

You don’t usually expect radical neo-Marxism from the International Monetary Fund – the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches of the world. And yet, hidden away in an obscure IMF report a few years back is a short sentence that explains precisely the problems that Britain, and the rest of the Western world, have been sleepwalking towards for years.

The claim made by the IMF’s Financial Stability Report in 2005, in a seemingly throwaway remark, was that households had become the financial system’s “shock absorber of last resort”. In other words, whereas in previous eras, much of the pain of recession and financial crisis was borne by businesses or governments, with families afforded some degree of protection by the pensions system or welfare state, it was now households who were far more likely to face the music. Read More Here

(HuffingtonPost) – Expired Unemployment Benefits Causing Panic, Desperation: ‘I’m Drowning Fast’

Debra Rousey of Gainesville, Georgia, says that she received an unemployment check of $194 last week, half the usual amount she receives, along with a letter announcing that this check would be her last. She is now in a complete panic over what to do next. Read More Here

(DailyCrux) – Doug Casey: Going to these colleges serves no useful purpose whatsoever

There is no point at all in going to a college today, unless you’re looking to learn a trade. Or, perhaps, because the people you meet in college might be of some future benefit to you. In other words, it’s pointless unless it’s Harvard, Princeton, Yale, or the like. Because of the classes? No. It’s because the kids that go to such schools are the most intelligent and ambitious “up and comers” – so the connections you make and the patina you get at these places can open a lot of doors. Read More Here

(FoxNews) – Pelosi: Unemployment Checks Fastest Way to Create Jobs“It creates jobs faster than almost any other initiative you can name.” Read More Here

(July 1) – Video: Alex Jones Tv – Dollar Plunges After UN Call To Ditch Greenback! – Video Link Here

(July 1) – Video: Ron Paul – 114 Flip Flop on Audit The Fed Causing Bill to Fail 229 – 198

(AFP) – US jobless claims surge more than expected – Read More Here

(Bloomberg) – Goldman Sachs Pressed By Born for Derivatives Data

Goldman Sachs Group Inc. refused a request from the Financial Crisis Inquiry Commission to reveal how much it makes trading derivatives, saying the bank doesn’t separate the figure from other businesses. Read More Here

(CNNMoney) – House passes unemployment benefits extension

After a failed attempt earlier this week, the House voted to extend the deadline to file for federal jobless benefits Thursday. But the bill will be stuck in limbo as Congress takes a weeklong summer break.

The bill would extend the deadline to file for extended unemployment benefits through November, and would retroactively pay out claims to those who saw their benefits expire in May. Read More Here

(LRCBlog) – Audit-the-Fed Goes Down, 229-198

This is no surprise. Neither party wants to audit the counterfeiting enterprise that is at the dark heart of the regime. Read More Here

(EconomicCollapseBlog) – Mortgage Horror Stories: The U.S. Housing Industry Will Never Recover If Qualified People Can’t Get A Home Loan – Read More Here

(IrishTimes) – One million protest against Italy’s austerity cuts

About 100,000 people, according to union estimates, demonstrated in the central city of Bologna, capital of a traditionally leftist area with a strong labour movement. Read More Here

(TheHill) – Top Republican: Raise Social Security’s retirement age to 70

Boehner, the top Republican lawmaker in the House, said raising the retirement age by five years, indexing benefits to the rate of inflation and means-testing benefits would make the massive entitlement program more solvent. Read More Here

(USAToday) – National debt soars to highest level since WWII

The federal debt will represent 62% of the nation’s economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office. Read More Here

Climategate

(WattsUpWithThat) – New Zealand’s Prime Minister: Climate Change bill a “load of rubbish” and “hoax”

Via Andrew Bolt in email, some surprising revelations about New Zealand’s Prime minister and his previous opinion of the ETS. It appears he has done a complete about face from his very strong opinions of 2005. Read More Here

(WattsUpWithThat) – Climate Craziness of the Week: The AGU peddles a mammoth climate change theory – Read More Here

Video

(RawStory) – Video: MSNBC’s Ratigan – Stock market an ‘obviously corrupt’ fraud

On his afternoon show Tuesday, MSNBC host Dylan Ratigan explained why he believes the usual explanations given in the media for why the stock market went up or down on a given day are nonsense.

“Seventy percent of the volume [of trades on the stock market] is computers that are run by the banks playing ping pong with stocks for 10 seconds at at time,” Ratigan said. Read the rest of this entry »

See Also: (ComingDepression) – BP Oil spill covered up; will Florida evacuate? - Read More Here

Also: (Ind) – Oil spill creates huge undersea ‘dead zones’ - Read More Here

(AP) – Independent scientists and government officials say there’s a disaster we can’t see in the Gulf of Mexico’s mysterious depths, the ruin of a world inhabited by enormous sperm whales and tiny, invisible plankton.

Researchers have said they have found at least two massive underwater plumes of what appears to be oil, each hundreds of feet deep and stretching for miles. Yet the chief executive of BP PLC — which has for weeks downplayed everything from the amount of oil spewing into the Gulf to the environmental impact — said there is “no evidence” that huge amounts of oil are suspended undersea. Read the rest of this entry »

(KurtNimmo) – Drudge reports this morning that Google CEO Eric Schmidt wants Google’s machines to select what news you read on its website. Read the rest of this entry »

(WSWS) – The vote Sunday night by the US House of Representatives to approve Obama’s health care overhaul was accompanied by declarations that the measure represents the greatest social reform in generations.

With predictable demagogy, Obama, in a statement following passage of the bill, hailed the measure as a historic reform a century in the making, a vindication of the “American dream” and proof that “government of the people and by the people still works for the people.” Read the rest of this entry »

(C4L) – Since my 2008 campaign for the presidency I have often been asked, “How would a constitutionalist president go about dismantling the welfare-warfare state and restoring a constitutional republic?” This is a very important question, because without a clear road map and set of priorities, such a president runs the risk of having his pro-freedom agenda stymied by the various vested interests that benefit from big government. Read the rest of this entry »

(KurtNimmo) – It can’t get more surrealistic. Obama has appointed a former member of the primary organization responsible for socking future generations with crushing debt to a government panel ostensibly designed to address that engineered debt. Read the rest of this entry »

(ZeroHedge) – And so the tragicomic becomes surreal. Yesterday’s news about the departure of the head of the debt management agency, Spyros Papanicolaou, was somewhat of a yawner, until we realized that his replacement would be none other than Petros Christodoulou, who until today was head of Private Banking and Group Treasury at the National Bank of Greece (reporting directly to the CEO of the NBG Tamvakakis), as can be seen on the org chart below. Yet was is oddest, is that Mr. Christodoulou worked not only as head of derivatives at JP Morgan but also held comparable posts at Credit Suisse, and… wait for it, Goldman Sachs… Uh, say what? Read More Here

(RollingStone) – On January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America’s pre-eminent Marvel Comics supervillain, the CEO used the call to deploy his secret weapon: a pair of giant, nuclear-powered testicles. In his message, Blankfein addressed his plan to pay out gigantic year-end bonuses amid widespread controversy over Goldman’s role in precipitating the global financial crisis. Read the rest of this entry »

Resignations and retirements circa November/December 2009-January/February 2010.

Read the rest of this entry »

(DailyIntel) – Editor’s note: Mr. Lewis may experience a heart attack or one of those overnight cases of terminal cancer. Read the rest of this entry »

(CNN) – New York Attorney General Andrew Cuomo unveiled a major legal action against senior Bank of America executives Thursday over its controversial purchase of Merrill Lynch, including bringing civil charges against its former CEO Ken Lewis. Read the rest of this entry »

Im probably going to pull this video soon. It has created too much confusion. One of the schools of Left-Libertarianism is Mutual who believe in free-markets. While I am not a Mutualist, I didnt mean to exclude their thoughts on the subject. I keep getting the comment that Im confusing free-markets with corporatism. This is not true. The other thing people have said is that a free market would exist with laws. Yes, of course. When I made the video I was unfamiliar with YT. Crazy me, I thought most of the people here would be Republicans and Democrats. That was my target audience. Read the rest of this entry »

(WashingtonsBlog) – People have asked whether moving your money from your giant bank to a small community bank or credit union will have any real affect on the too big to fails, given that most of their profits come from speculative investments instead of normal banking deposits. Read the rest of this entry »

I’m a former Obama supporter. I’m just totally fed up with reversal after reversal and lie after lie from President Obama on health care. Read the rest of this entry »

(ZeroHedge) – Some days ago we wondered aloud at the blank check extended to Fannie and Freddie along with the suspiciously convenient timing of those announcements on Christmas Day.  Back then we wondered if we had been told the entire story.  To wit:

So.  Let us summarize: Read the rest of this entry »

Is the Fed manipulating the stock market?  TrimTabs CEO Charles Biderman seems to think so, and he makes a strong case for his theory in an article at zerohedge.com. Read the rest of this entry »

(MSNBC) – The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. Read the rest of this entry »

New analysis released by climate change NGO Sandbag has revealed that the UK’s richest resident, Lakshmi Mittal, CEO and major shareholder of the steel giant ArcelorMittal, could make over £1 billion between now and 2012 from his company’s participation in the EU’s Emissions Trading Scheme. Read the rest of this entry »

New analysis released by climate change NGO Sandbag has revealed that the UK’s richest resident, Lakshmi Mittal, CEO and major shareholder of the steel giant ArcelorMittal, could make over £1 billion between now and 2012 from his company’s participation in the EU’s Emissions Trading Scheme. Read the rest of this entry »

(PaulCraigRoberts) – Goldman Sachs senior executives are arming themselves with New York gun permits, according to Alice Schroeder on Bloomberg.com.  The banksters “are now equipped to defend themselves if there is a populist uprising against the bank.” Read the rest of this entry »

(RawStory) – Blackwater’s Erik Prince was recruited as a CIA agent in the years after the 9/11 attacks, says an exclusive report at Vanity Fair that also reveals the billionaire ex-Navy SEAL plans to step down from Blackwater to teach high school. Read the rest of this entry »

The following story in italics is a potential fictional time line for the day the dollar died. I hope not to instill fear or loathing but to give everyone some perspective on a POSSIBLE outcome which does not really take much of a reach to come to any conclusion. Read the rest of this entry »

(DailyTech) – CEO at leading parts supplier: “Energy independence…ultimately means that fuel has to be more expensive” Read the rest of this entry »

Desperate brainwashing campaign to coerce suspicious parents into giving their children dangerous H1N1 vaccine accelerates Read the rest of this entry »

American International Group, which has received nearly $200 billion in bailout funds from the federal government, is slated to pay 400 employees in its financial products division another $198 million, according to a report published Wednesday by the Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP). Read the rest of this entry »

(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Read the rest of this entry »

(CNBC) – This global recession will turn into a “full-blown depression,” Nicu Harajchi, CEO of N1 Asset Management, said Friday, adding that global stimulus hasn’t come down to Main Street. Read the rest of this entry »

William K. Black – professor of economics and law, and the senior regulator during the S & L crisis – says that that the government’s entire strategy now – as during the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”). Read the rest of this entry »

Timothy Geithner, Treasury Secretary, always takes calls from his bankster bosses on Wall Street, according to an Associated Press report. Read the rest of this entry »

In a new report, Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (SIGTARP), reveals that then-Treasury Secretary Henry Paulson and key federal regulators forced the nation’s nine largest financial institutions to take billions in taxpayer bailout dollars in October 2008, threatening that if the banks refused, the government would take their stock shares anyway. Read the rest of this entry »

(CNBC) – With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights. Read the rest of this entry »

War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.

Read the rest of this entry »

(Dr.Horowitz) – Wondering why food stores and pharmacies have replaced doctors offices and clinics as vaccination stations? Ask Steve Burd, the wizard behind Obama’s Health Care Reform plan. Read the rest of this entry »

Americans cannot get any truth out of their government about anything, the economy included.  Americans are being driven into the ground economically, with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces that the recession is over. Read the rest of this entry »

Local authorities are keen to know whether American citizens will obey the government in the event of an H1N1 pandemic and take the swine flu vaccine, amidst growing fears of quarantines and forced injections that have been circulating in recent weeks. Read the rest of this entry »