TSA Whistleblower: Body Scanners Routinely Fail

10th April 2012

See Also: (Forbes) – TSA Refuses To Explain Why You Have To Take Your Laptop Out Of Your Bag But Not Your iPad – Read More Here

Guns, knives, explosive material not recognized by $1 billion dollar fleet of scanners

(PaulWatson) – A TSA screener has lifted to lid to reveal how the federal agency’s $1 billion dollar plus fleet of body scanners is completely useless in that the machines routinely fail to pick up prohibited items such as knives, guns and powder designed to resemble explosive material. Read the rest of this entry »

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Wall Street Is Laundering Drug Money And Getting Away With It

15th July 2010

(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. Read the rest of this entry »

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Economy

3rd July 2010

(SmirkingChimp) – Is the Depression Coming? Or Is It Here?

The FBI arrests 1,200 Americans for mortgage fraud in the largest crackdown of its kind in history. There is no media focus on the companies that securitized and insured their toxic loans. This white-collar crime sweep is, at best, a one-day story with most of the reports carried by local outlets. Read More Here

(MyBudget360) – Commercial real estate transactions collapse 90 percent from 2007 to 2009. The next taxpayer bailout in the $3.5 trillion CRE market. From $522 billion in sales to $52 billion. CRE market over 4 times the size of the entire credit card market

The massive commercial real estate market is already plaguing the weak balance sheets of banks. It is the case that each Friday, we are likely to see one U.S. bank fail because due to high levels of commercial real estate (CRE) debt on their books. This market is likely to cause the failure of hundreds of banks and put the economy down into another real estate funk. Read More Here

(July 2) – Video: Bill Still – The Secret of OZ / Solutions For a Broken Economy – Alex Jones Tv

Alex talks with Bill Still, the man behind the monetary reform documentary The Secret of Oz(available at the Infowars Store). Still’s previous films include the popular The Money Masters and Capital Crimes. The Secret of Oz won best documentary of 2010 at the Beloit International Film Festival, the Silver Sierra Award for Excellence in Filmmaking at the Yosemite Film Festival, and other prestigious awards. Part 1 Here

(PeopleManagement) – Graduate unemployment rate ‘set to hit 25 per cent’

The UK’s graduate unemployment rate could soar to nearly 25 per cent due to public-sector budget cuts, with newly qualified jobseekers outside of London the worst hit, new forecasts have predicted. Read More Here

(SacBee) – Schwarzenegger orders minimum wage for state workers

The Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state workers. Read More Here

(LATimes) – Unemployment rate dips as more workers leave labor force

Employment-seekers decline by 652,000 June, which may reflect people giving up on job-hunting and a reluctance to hire. Overall, the jobless rate falls to 9.5% from 9.7%, the Labor Department reports. Read More Here

(DocumentingReality) – Starting in 2011—next year—the W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are provided – Read More Here

(ElliotWave) – Banks Continued Failure To Realise Commercial Real Estate Losses…

The massive commercial real estate market is already plaguing the weak balance sheets of banks. It is the case that each Friday, we are likely to see one U.S. bank fail because due to high levels of commercial real estate (CRE) debt on their books. This market is likely to cause the failure of hundreds of banks and put the economy down into another real estate funk. Read More Here

(AsiaTimes) – Smell of economic death

I know, alas, that there is nothing that can be done to prevent unimaginable suffering and the collapse of the economy, now that the US Federal Reserve has created so much excess money and credit, and, to make matters infinitely worse, are still doing it, more than ever! Read More Here

(Prairie2) – The Depression with no name

If Europe is serious about austerity this would be bad news for the US in several ways. Read More Here

(Money&Markets) – Double-Dip Recession Warning Signs Everywhere! Batten Down the Hatches!

The bright red warning signs of a double-dip recession are flashing everywhere. And I do mean EVERYWHERE. Read More Here

(BuzzFlash) – Wall Street is a Crime Scene, Not a Financial “Cyclical Aberration”

It’s shocking that more than 20 years after the movies “Wall Street” revealed the underlying corruption of America’s financial center, it is still difficult to get the corporate mainstream media to understand that the economic “collapse” of the last two years was a swindle and not a cyclic aberration. Read More Here

(BeforeItsNews) – House Refuses to Look At the Books – What’s Wrong With You and I Looking At The Fed and how it uses our money?

Since 1913 the actual buying power of the dollar has gone down by 95.6% – You can’t buy a gallon of gas for 8c any more. Read More Here

Climategate

(NYTimes) – Climate Scientist Cleared of Altering Data – Read More Here

(ForeignPolicy) – Whatever It Takes – Why I won’t back down on climate change – John Kerry – Read More Here

(EconomicCollapseBlog) – 50 Random Facts That Make You Wonder What In The World Has Happened To America

Our world is changing at a pace that is so staggering these days that it can be really hard to fully grasp the significance of what we are witnessing.  Hopefully the collection of random facts below will help you to “connect the dots” just a little bit.  On one level, the facts below may not seem related.  However, what they all do have in common is that they show just how much the United States has fundamentally changed.  Do you ever just sit back and wonder what in the world has happened to America?  The truth is that the America that so many of us once loved so much has been shattered into a thousand pieces.  The “land of the free and the home of the brave” has been transformed into a socialized Big Brother nanny state that is oozing with corruption and has accumulated the biggest mountain of debt in the history of the world.  The greatest economic machine that the world has ever seen is falling apart before our very eyes, and even when our politicians actually try to do something right (which is quite rare) the end result is still a bunch of garbage.  For those who still love this land (and there are a lot of us) it is heartbreaking to watch America slowly die.

The following are 50 random facts that show just how dramatically America has changed…. Read the rest of this entry »

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Economy

16th June 2010

(WPost) – 8 House members investigated over fundraisers held near financial reform vote

The Office of Congressional Ethics is investigating eight lawmakers who held fundraisers within 48 hours of a major House vote on a Wall Street reform bill or received substantial donations from business people with a financial stake in the bill, according to congressional sources and letters. Read More Here

(Money&Markets) – Two Consequences of the Stimulus Programs Washington Wants You to Ignore! – Read More Here

(BullionBullsCanada) – Fannie Mae Proposes Bulldozing U.S. Homes – Read More Here

(EconomicPolicyJournal) – Bank Run in Spain and Its Destabilizing Ramifications for the Entire EU

According to FT, Spanish banks borrowed €85.6bn ($105.7bn) from the ECB last month. This was double the amount lent to them before the collapse of Lehman Brothers in September 2008 and 16.5 per cent of net eurozone loans offered by the central bank. Read More Here

(InternationalForecaster) – The Fed’s Purchase of US Sovereign Debt: “The US Treasury is under the Control of the Fed’s Owners”. – Bob Chapman

US, UK and European financial systems are on the way to collapse Read More Here

(MarketWatch) – U.S. home building craters after tax break expires

Housing starts fell 10% to a seasonally adjusted annual rate of 593,000 in May, the lowest level since December. The details were even worse, as starts of single-family homes plunged 17% to a seasonally adjusted rate of 468,000, the lowest in a year. Read More Here

(LewRockwell) – Amnesty for the Banksters, Debtor’s Prison for the Serfs – Read More Here

(SoColPatriotsClub) – House Democrats Drop Ron Paul’s Audit of Federal Reserve

Yes, you read that right. Ron Paul’s push to audit the Federal Reserve Bank and see who received how much money in the last few years has been drastically reduced. Read More Here

Video: The Greecing of America, Simplified

The repercussions from Greece’s fiscal crisis are starting to ripple around the world. But are lessons being learned? – View Video Here

REPOST – (RussiaToday) – Video: Greece was used as trojan horse by Washington and Goldman Sachs, to damage Eurozone

“The whole attack on Greece and the attack on the euro originated from a concerted strategy of Wall Street and US Institutions to permanently cripple or try to cripple the only alternative reserve currency anywhere in the world that can challenge the dollar,” Engdahl told RT. Video Link Here

Video: Instead of budgeting, Congress is….

With all of the attention on the BP oil spill, the European debt crisis and even financial regulatory reform, the fact that Congress hasn’t passed (and will likely not pass) a federal budget for fiscal year 2011 is flying under the radar. View video Here

(WPost) – More college-educated jump tracks to become skilled manual laborers – Read More Here

(LewRockwellShow) – Podcast: We Ain’t Seen Nothin’ Yet – Lew with Gerald Celente

What does the state-bank-military complex plan next? As the second stage of the financial crisis hits, says Gerald Celente, we can expect them to start another war to divert people’s attention from the wholesale robbery of the productive. Listen to Podcast Here

(LewRockwell) – Bailing Out Politicians Now? – Patrick J. Buchanan – Read More Here

(WRMEA) – U.S. Financial Aid To Israel: Figures, Facts, and Impact – Read More Here

(MarketWatch) – Fannie, Freddie to scrap NYSE stock listings – Read More Here

(EconomicPolicyJournal) – Bloomberg Considering Former-Goldman Man for Deputy Mayor – Read More Here

REPOST – (Snard) – More Than 1 In 5 American Children Are Now Living Below The Poverty Line

Perhaps the greatest victims of the economic nightmare that is unfolding right in front of our eyes are our children. Read More Here

(AlterNet) – “Lure People Into That Calm and Then Just Totally F–k ‘Em”: How All of Us Pay for the Derivatives Market

Derivatives are a hotbed of abuses and bailouts. So why are taxpayers footing the bill? Read More Here

(Infowars) – Why You Should Buy Gold and Silver – Mark Dice – Read More Here

(FinancialSense) – Gold Going to Parabolic Top of $10,000 by 2012 – For Good Reasons

No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons – sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations – which will all contribute to rampant price inflation.

Not surprisingly, I have company in that view: Read the rest of this entry »

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Economy

24th April 2010

(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 Read the rest of this entry »

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Economy

23rd March 2010

(HousingDoom) – Housing Is Too Big To Fix, Not Too Big To Fail

The government, believing that a correction in house prices would be catastrophic, has tried to put a floor under the housing market. It’s not working: Read More Here

(DalasNews) – Dallas-Fort Worth commercial foreclosure filings top $1 billion

Commercial property foreclosure filings in the Dallas-Fort Worth area top $1 billion for the upcoming April sales. Read More Here

(Money&Markets) – Bernanke Running Amuck

Fed Chairman Bernanke is running amuck, and for the first time since the birth of the U.S. dollar, our government is egregiously abusing its power to print money. Read More Here

(Telegraph) – Has Germany just killed the dream of a European superstate?

So after weeks of Euro-bluff it looks ever more like an IMF rescue for Greece after all, and hence for any other eurozone nation driven to ruin by the wrong monetary policy. Read More Here

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Video: Gerald Celente – Obama is just another Bush; he out bushed Bush many times over

10th March 2010

(57GoldRadio) – This is a global Catastrophy. The Calamity is happening and people that are not Neo survivalist are the ones that are going to suffer the most Read the rest of this entry »

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Video: Ron Paul – sound money essential to limited government

28th February 2010

(Fox) – February 27, 2010 Read the rest of this entry »

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MSM: Five more banks fail – 120 for the year

7th November 2009

(CNN) – Banks in California, Georgia, Michigan, Minnesota and Missouri were shuttered, costing the FDIC a total of $1.5 billion. Read the rest of this entry »

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Obama set to unveil ‘too big to fail’ plans

26th October 2009

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Read the rest of this entry »

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Obama set to unveil 'too big to fail' plans

26th October 2009

The Obama administration plans to unveil on Monday a new plan for dealing with troubled financial giants, said a senior U.S. lawmaker, who also mentioned potentially big changes for the insurance industry. Read the rest of this entry »

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The US Financial Structure is Doomed. Monetization, Crisis of Retail Trade, Decline of the Dollar

27th September 2009

(BobChapman) – Nearly half the nation’s 25 biggest retail chains expect to hire fewer holiday workers this season than they did last year, another sign that retailers aren’t counting on recession-strained shoppers to relax the tight grip on their pocketbooks this year. Read the rest of this entry »

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Video: Marc Faber Says U.S. Government Will Fail in 5 to 10 Years

24th September 2009

(Bloomberg) – Gloom, Doom and Boom Report – September 22, 2009 Read the rest of this entry »

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The Economic Fallacy Of 'Too Big Too Fail'

21st September 2009

The onset of the financial implosion two years ago brought with it an ongoing dialogue about the ‘Too Big To Fail’ (TBTF) doctrine of government intervention into the financial sector. According to TBTF, some financial institutions, such as major insurers like AIG or large money-center banks like Citi and BofA, are deemed to be too large and too centrally interconnected in the US and world financial systems and economies to be allowed to be recognized as insolvent and taken through bankruptcy resolution. Read the rest of this entry »

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MSM: Ireland pays £48bn to rescue five banks from toxic debts

17th September 2009

(Independent) – Five High street banks in Ireland are to be paid £48bn by a state agency to cover their toxic debts in the biggest financial rescue in the country’s history. Bonds issued by the National Assets Management Agency (Nama) will provide the struggling banks with £7bn more than the current £41bn value of their toxic debts. Read the rest of this entry »

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Video: Celente – Revolution next for U.S.

16th September 2009

(September 14th, 2009) – Gerald Celente – the most trusted name in trends – sits down for an exclusive interview with RT’s Anastasia Churkina to talk about what the future holds for America during and after the Great Recession, gives advice to Obama, and forecasts the unexpected. Read the rest of this entry »

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We Can't Break Up the Giant Banks, Can We? Yes We Can!

14th September 2009

In response, defenders of the too-big-to-fails make one or more of the following arguments:
(1) The government does not have the authority to break up the big boys
(2) To break up the banks, the government would have to nationalize them, which would be socialism

Read the rest of this entry »

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Video: Webster Tarpley – Say Hello to Jingle Mail

1st September 2009

Webster describes what the meaning of Jingle Mail as the retail – commercial and real estate market is on the verge of collapse.. Read the rest of this entry »

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FDIC Insured Institutions have $13.3 Trillion in Assets. 8,195 Banks and 116 Institutions Hold $10.2 Trillion of Those Assets. One out of Four Institutions Unprofitable. 1,000 Banks Will Fail or Merge.

30th August 2009

The banking system has taken the country to the financial edge of the greatest recession since the depression.  The enormous number of bad loans floating out in the economy only complicates the unemployment situation.  When we look into the latest banking data, we realize that over 1,000 of current banks will fail or merge with a too big too fail bank.  In fact, the total number will be over 1,000 simply because the “not too big” to fail banks heavily bet on commercial real estate loans that amount to $3 trillion. Read the rest of this entry »

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Video: 1,000 Banks to Fail In Next Two Years: Bank CEO

28th August 2009

(CNBC) – The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May. Read the rest of this entry »

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Fiat Money Created Out of Thin Air: The Bank Bailouts are Unconstitutional

9th August 2009

(Bob Chapman) – The starting point for all analysis of the ongoing bailout orgy that is currently being used in crony capitalist fashion to transfer wealth from our middle class to the financial elites and their transnational conglomerates is whether these bailouts are authorized by the US Constitution. The answer is a resounding NO! Read the rest of this entry »

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Do We Really NEED The Giant Banks?

5th August 2009

Bernanke, Summers and Geithner say that we can’t let the giant banks fail, because – without them – the economy will be starved of credit and we will be plunged into a depression.

This isn’t true. Read the rest of this entry »

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MSM: Laughing all the way to the bank

10th July 2009

(aljazeera) – Wall Street and the City of London – the world’s two major financial centres – declare it is “business as usual” again… They are hiring, poaching each other’s staff and their profits are soaring. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Fascism, NWO, Politics/Corrupt | 2 Comments »

MSM: Too big to fail? 5 biggest banks are 'dead men walking'

10th March 2009

WASHINGTON – America’s five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest financial reports show. Read the rest of this entry »

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Posted in Economic Crisis, NWO, Politics/Corrupt | 1 Comment »

MSM: Too big to fail? 5 biggest banks are ‘dead men walking’

10th March 2009

WASHINGTON – America’s five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest financial reports show. Read the rest of this entry »

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Posted in Economic Crisis, NWO, Politics/Corrupt | 1 Comment »

Bailout for The Mainstream Media May be Next

7th March 2009

One of the silver linings of this economic depression is the collapse of mainstream media companies and the creation of internet blogs along with citizen journalism. While this media shift is ongoing and certain, a question arises – Will the government, in further effort to keep their political-financial-media power in tact, bailout big media? Read the rest of this entry »

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Video: Jim Rogers 'I would urge you to be prepared'

3rd March 2009

Jim Rogers: Listen, we have to face reality, George. I have. If you don’t face reality and you sit there and twiddle along and believe Mr Bernanke that everything is OK, you are going to get hit by a two-by-four and it’s going to hurt very, very, very badly, so I would urge you to be prepared. Read the rest of this entry »

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Video: Jim Rogers ‘I would urge you to be prepared’

3rd March 2009

Jim Rogers: Listen, we have to face reality, George. I have. If you don’t face reality and you sit there and twiddle along and believe Mr Bernanke that everything is OK, you are going to get hit by a two-by-four and it’s going to hurt very, very, very badly, so I would urge you to be prepared. Read the rest of this entry »

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