Economy

28th April 2010

(BusinessInsider) – CHART OF THE DAY: 49 Out Of 50 State Economies Are Still Underwater – Read More Here

(Telegraph) – ECB may have to turn to ‘nuclear option’ to prevent Southern European debt collapse – Read More Here

(Bloomberg) – College Graduates’ Debt Load May Outstrip Ability to Repay

Students, especially at for-profit universities, are leaving college in the U.S. with a debt load large enough to raise questions about the ability of many to repay loans, a study found. Read More Here

(EconomicPolicyJournal) – Trillion Dollar Bailout for Greece – Read More Here

(Telegraph) – Goldman boss Lloyd Blankfein denies moral obligation towards clients – Read More Here

(InternationalForecaster) – Frauds And Scandals Follow The Collapse Of The Financial System – Bob Chapman

As the world faces an ongoing sovereign debt debacle we see an attempt to defuse an oncoming scandal involving Goldman Sachs, Paulson and perhaps others.

The collapse of the fiat money system is underway and each day picks up momentum. The only question is how long it can survive? In the interim we are faced with inflation and perhaps hyperinflation as the privately owned Federal Reserve and other central banks add stimulus and money and credit into their financial systems. Read More Here

(10TV) – Cabinet Plant, Largest Employer In Pike Co., Closing

More than 1,200 jobs were being eliminated on Tuesday, after the Masco Cabinet Group announced it was closing its Hopewell Road facility. Read More Here

(Bloomberg) – Barofsky Says Criminal Charges Possible in Alleged AIG Coverup – Read More Here

(WSJournal) – Video: Contagion Getting Worse – Video Link Here

(Bloomberg) – ‘Debt Like Cancer’ Addressed by Obama Commission on U.S. Debt

President Barack Obama’s debt commission started grappling with how to reduce the U.S. government’s red ink in the first of a series of meetings aimed at producing a plan to be sent to Congress. Read More Here

(CNNMoney) – S&P slashes Spain’s debt rating

Standard and Poor’s downgraded the sovereign debt ratings of Spain to a lower investment grade status Wednesday, citing “risks to budgetary position” for the troubled European nation. Read More Here

(TarpleyNet) – Video: Seize and Liquidate Goldman Sachs – Webster Tarpley

Today’s Senate hearings, carried on CNBC, Bloomberg, and C-SPAN, represent the first major exposure of the American people to the scandalous frauds of the derivatives casino, including synthetic collateralized debt obligations (synthetic CDOs or CDO²). These are things most people have heard very little about. They begin to open up the shocking reality behind such shopworn euphemisms like “toxic assets,” “exotic instruments,” and “troubled assets.” Read More Here

(MarketWatch) – Royal Dutch Shell profit surges 57%

Royal Dutch Shell on Wednesday reported a 57% climb in first-quarter profit, with the energy giant benefiting from a surge in oil and gas prices as well as improving production. Read More Here

(MSNBC) – Markets shudder as Greek debt woes spread

‘Chances of a default … are increasing not by the day but by the hour’ Read More Here

(RevolutionaryPolitics) – Video: Chris Christie Speech Declaring Fiscal Crisis Emergency – View Video Here

(WSJ) – States Bristle as Investors Make Wagers on Defaults

As U.S. cities and towns wrestle with financial problems, investors are finding a new way to profit on their misery: by buying derivatives that essentially bet municipalities will default. Read More Here

(DailyMail) – BP earns £463 a second… as motorists suffer record petrol prices

Motorists paying record prices at the pumps reacted with fury at news of a 135per cent rise in profits by oil giant BP – earning a massive £463 a second.

BP said on Tuesday that profits hit £3.6 billion ($US5.6 billion) in the first three months of 2010 – more than double the level last year. Read More Here

(FauxCapitalist) – An illegal bank is the second-largest holder of U.S. treasury securities

From the U.S. Treasury Department’s latest numbers of major foreign holders of treasury securities, we see that China owned $877.5 billion and Japan owned $768.50 billion in February 2010. Read More Here

(WashingtonExaminer) – Barbara Hollingsworth: Fannie Mae owns patent on residential ‘cap and trade’ exchange

When he wasn’t busy helping create a $127 billion mess for taxpayers to clean up, former Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select individuals in the “green” movement were inventing a patented system to trade residential carbon credits. Read More Here

(EconomicPolicyJournal) – S&P on Greek Debt Downgrade to Junk Status: Options Are Narrowing Read More Here

(MarketWatch) – Goldman culture crash

More than anything else, the Securities and Exchange Commission’s fraud case against Goldman Sachs Group Inc. has illustrated the fall of the firm from Wall Street’s preeminent bank to riverboat casino. Read More Here

Climategate

(WebMe) – Global Warming: the Collapse of a Grand Narrative – Read More Here

(WebMe) – Nails in the Global Warming Coffin

My silence since mid-February has not meant that I have taken my eye off the climate-change scene. Far from it, although I have to confess that I have become increasingly wearied and bored by the fatuous lack of reality exhibited on this topic by many UK politicians. It is so glaringly obvious that, since the debacle in Copenhagen, ‘global warming’ is dying as a major political trope that I find it less and less exercising as an issue. Indeed, I do not want to waste too much energy in flogging a fundamentally dead corpse.

This last week, however, the nails in the global warming coffin have been driven in so thick and so fast that I thought it might be worth bringing attention once again to what is happening around the world – “You will therefore permit me to repeat, emphatically, that Global Warming is as dead as a door-nail,” although I suspect that the Global Warming Ghost will hang around moaning and wailing for quite a while yet. Read More Here

(Blog) – Angela Merkel gives up binding carbon treaties Read More Here

(NationalPost) – Lawrence Solomon: Australia won’t cap and trade

Seeing countries around the world back away from their climate change commitments, and seeing his own electoral support crumble, Australian Prime Minister Kevin Rudd announced today that Australia will be shelving its cap and trade program for at least three years, until after the next election. “That will provide the Australian government at the time with a better position to assess the level of global action on climate change,” he told the Australian press. Read More Here

(OzClimateSense) – Carbon storage premise ‘totally erroneous’ – Read More Here

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Video: Is Financial Reform Hurting the Economy? – Peter Schiff

24th April 2010

(Fox) – April 23, 2010 – Euro Pacific Capital President Peter Schiff on the flaws of government financial regulation. Read the rest of this entry »

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Economy

23rd April 2010

(HuffingtonPost) – Dodd Bill Would Allow Fed To Hide Its Spending – Read More Here

(JakartaGlobe) – Goldman probe a smokescreen to divert attention from financial crisis

A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States. Read More Here

(USAWatchdog) – Failure Is the Only Reform We Need – Read More Here

(PubliusForum) – $338.3 Billion Paid to Service America’s Illegal Aliens

My friend Gary Karlin over at the Evanston Conservative blog has spent the last year or so collecting a series of stories detailing the costs of illegal aliens to the United States. Read More Here

(CNN) – Report: SEC staffers watched porn as economy crashed – Read More Here

(HoweStreet) – Hyperinflation Looms – The Dollar Arrives at Its ‘Havenstein Moment’

There is an interesting article in Canada’s Globe & Mail about the lack of growth in the US money supply. Ignoring for the moment that the quantity of dollars in circulation is significantly underreported, it observes:

“The money supply in the United States is doing something that almost never happens: it’s shrinking, after taking into account inflation. Similar episodes in the past have usually been scary times for investors. Declines in the amount of money in circulation have coincided with recessions, and some analysts looking at the current trend say it is a harbinger of trouble. Despite signs that the U.S. is in recovery, they worry that the money supply numbers indicate the economy remains vulnerable to the feared double-dip downturn, or is close to experiencing deflation.”
Read More Here

(CNBC) – Governments Will ‘Bankrupt Us’: Marc Faber

Current economic policies are not sustainable and the world faces doom because “the governments are taking over”, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report. Read More Here

(FauxCapitalist) – The CIA overstates Canada’s government spending by more than 200% – Read More Here

(GoldenTruth) – Russia and China Are Selling Treasuries and Buying Gold…

Fred Hickey of the High Tech Strategist newsletter fame gave a brutally honest interview with The Wall Street Cheat Sheet about the financial/economic condition of the United States and how China and Russia, two of the largest financiers of our Government, are protecting themselves from the reckless policies of Obama and Bernanke. Here’s is a quote: Read More Here

(HuffingtonPost) – LA Court System In Financial Crisis, Closing Court Rooms

An unprecedented financial crisis afflicting the nation’s largest court system is in the hands of the policy making California Judicial Council, with Los Angeles court officials awaiting its decision on their plea for an infusion of cash. Read More Here

(ZeroHedge) – Alan Grayson Discloses That Dodd Bill Covertly Eliminates Already Passed Legislation Requiring Full Fed Audit

Once again we get confirmation that Chris Dodd is nothing but a paid manservant for his Federal Reserve masters, in addition to being a lame duck, whose last days in office are meant to do everything to allow the old-school Wall Street ways of endless secrecy and Fed bailouts to continue in perpetuity. Read More Here

(ZeroHedge) – Insights Into America’s Disneyland And Our “Neo-Feudalistic, Gulag Casino Economy” From Mike Krieger – Read More Here

(LewRockwell) – Video: How an Economy Grows and Why It Crashes – Lew Rockwell Show with Peter Schiff – View Video Here

(MoneyNews) – Video: Jim Rogers: Next Recession Will Be Much Worse – Video Link Here

(ZeroHedge) – Richard Koo Says If Banks Marked Commercial Real Estate To Market,It Would “Trigger A Chain Of Bankruptcies”

Richard Koo’s latest observations on the US economy are as always, a must read. The critical observation from the Nomura economist explains why the realists and the naive idealists are at greater odds than ever before: the government continues to perpetuate, endorse and legalize accounting fraud in the hope that covering everything up under the rug will rekindle animal spirits. Read More Here

(Fortune) – ‘The SEC is a farce’ – expert Read More Here

(WashingtonsBlog) – Are Interest Rate Derivatives a Ticking Time Bomb?

Derivatives are the world’s largest market, dwarfing the size of the bond market and world’s real economy. Read More Here

(CommonDreams) – Democrats Haunted by Corporate Ties

President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there’s a complication in their battle plan: The Democratic Party is closer to corporate America – and to Wall Street in particular – than many Democrats would care to admit. Read More Here

(CNN) – Video: Federal Reserve – Destroying the American economy since 1913 – View Video Here

(Courant) -2,000 Connecticut Teachers Face Layoffs Before Next School Year More Here..

(Reuters) – Sallie Mae To Cut 2500 Jobs More Here..

(BuffaloNews) – Buffalo: City School Budget would Lay off 700 More Here..

(NBR) – Fletcher Layoffs Hit 120 People More Here..

(ClevelandBlog) – Hundreds of Cleveland teachers, Principals to Lose Jobs More Here..

(Wicz) – Lockheed Martin: 472 Layoffs More Here..

(Freep) – Detroit Public Schools sends layoff notices to 2000 Teachers More Here..

(SeattleTimes) – Boeing issues layoff notices to 130 in state, 300 companywide More Here..

(CityRoom) – More than 1,000 staff members were laid off on Monday at the bankrupt St. Vincent’s Hospital Manhattan. More Here..

(AlexJones) – Video: Bill Murphy Reveals JPMorgan Chase’s Gold & Silver Manipulation on Alex Jones

Alex talks with Bill Murphy, a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities. Read the rest of this entry »

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Economy

23rd March 2010

(WashingtonsBlog) – Geithner: Taxpayers Are Likely to Face “Very Substantial” Losses From Government’s Takeover of Fannie and Freddie

Tim Geithner told the House Financial Services Committee today that txpayers are likely to face “very substantial” losses from the government’s takeover of home mortgage giants Fannie Mae and Freddie Mac. Read More Here

(CBS3) – Homeowners Facing Foreclosure Take Own Lives

The foreclosure crisis in Philadelphia is now becoming a matter of life and death. Eyewitness News has learned that in the past month, two homeowners took their own lives before sheriff’s deputies arrived to tell them that they were being evicted. Read More Here

(Fox) – Fox News Poll: 79% Say U.S. Economy Could Collapse

The latest Fox News poll finds that 79 percent of voters think it’s possible the economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent). Read More Here

(AFP) – Geithner says Fannie, Freddie overhaul must wait

US Treasury Secretary Timothy Geithner on Tuesday swatted aside pressure for a swift reform of troubled government-backed mortgage giants as data pointed to a still struggling real estate market. Read More Here

(Bloomberg) – U.S. Economy: Sales of Existing Homes Decrease, Supply Climbs

Sales of existing U.S. homes fell in February for a third month, and the number of properties on the market climbed by the most in almost two years, casting a pall over the prospects for a recovery. Read More Here

(WSJ) – Learjet Repo Man Doing Brisk Business

Ken Cage isn’t your typical repo man. Rather than snatch cars from an over-extended middle class, he takes back yachts, planes and other toys from the over-leveraged rich. Read More Here

(MSNBC) – Video: Lehman Bros categorized loans as sales to hide debt – Dylan Ratigan – Read the rest of this entry »

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The next big bailout is on the way. Prepare to get reamed! – Mike Whitney

16th March 2010

(SmirkingChimp) – Housing is on the rocks and prices are headed lower. That’s not the consensus view, but it’s a reasonably safe assumption. Master illusionist Ben Bernanke managed to engineer a modest 7-month uptick in sales, but the fairydust will wear off later this month when the Fed stops purchasing mortgage-backed securities and long-term interest rates begin to creep higher. The objective of Bernanke’s $1.25 trillion program, which is called quantitative easing, was to transfer the banks “unsellable” MBS onto the Fed’s balance sheet. Having achieved that goal, Bernanke will now have to unload those same toxic assets onto Freddie and Fannie. (as soon as the public is no longer paying attention) Read the rest of this entry »

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Economy

10th March 2010

(LondonEveningStandard) – Riots in Athens as thousands protest against cutbacks

Masked youths stoned police outside Greece’s parliament today in protest at cutbacks proposed to try to end the country’s debt crisis. Read More Here

(TheNewspaper) – Federally Funded “Ticket Blitz” in Virginia

A federally funded ticketing blitz in the state of Virginia landed a total of 6996 traffic tickets this weekend. The blitz, dubbed “Operation Air, Land & Speed” coincided with frantic efforts by state officials to close a$2.2 billion budget deficit. Read More Here

(YahooFinance) – U.S. Taxpayers on Hook for $5 Trillion of Fannie, Freddie Debt… No Matter What Barney Frank Says

House Financial Services Chairman Barney Frank caused a bit of an uproar Friday when he suggested the U.S. government does not guarantee the debts of Fannie Mae and Freddie Mac. Read More Here

(HuffingtonPost) – Stop the Federal Reserve From Shredding Its Records

Should the policymaking committee of the most powerful peacetime entity in the United States government be allowed to destroy their source records? The Federal Open Market Committee of the nation’s central bank, an intricate part of the United States government may be continuing to destroy its source records, a policy it began in 1995 with an unrecorded vote -no fingerprints – conducted by then Chairman Alan Greenspan. Read More Here

(NYTimes) – Program Will Pay Homeowners to Sell at a Loss

In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. Read More Here

(BobChapman) – Structural Weakness of the US Dollar. The Dollar Rally will not last

Every important factor we see is working against the dollar and we believe that trend is irreversible. That means the present dollar rally probably cannot endure and it could well be the time to short the USDX. Read More Here

(RussiaToday) – Video: No Bailouts in Iceland

People in Iceland have rejected their government’s pledge to repay a debt of more than US$5 billion left by the collapse of Icesave Internet bank. 93 per cent of people voted “no” in a referendum. Video Link Here

(BBC) – Britain: Fake Storefronts Soothe Consumers During Recession

Fake businesses are to be used to lessen the impact of the recession on high streets in North Tyneside. Read More Here

(WSJ) – U.S. Monthly Budget Deficit Balloons to a Record $651.60 billion

Even as government receipts posted a rare increase in February, soaring outlays pushed the country’s year-to-date deficit up to a record $651.60 billion. Read More Here

(MSNBC) – Financial reform tips toward bankers

As Congress this week inches toward a new set of rules to avert another global financial collapse, it is focused on two conflicting goals: reforming the banking system to protect consumers while still giving lenders the freedom to take risks. Read More Here

(WSJ) – Treasury Plans to Take Social Security from Elderly for Unpaid Loans

A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old. Read More Here

(AP) – Budget deficit sets record in February

The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year. Read More Here

(CNN) – Welcome to the United States of Iceland

It’s time to start paying attention to the financial sinkhole that Iceland is trying to climb out of — the view from inside of it is eerily similar to our own. Read More Here

(InfoClearingHouse) – Economist Lewis Black Tells It Like It Is

ADULT CONTENT WARNING: If you’re not familiar with Lewis Black, I’d turn back if I were you.
Lewis Black is funny. Dangerously funny. That he has such a large audience and still packs plenty of politics in his shtick gives one hope for the fate of our sorry species. So I figured it’s time I learned something from him. Read More Here

(TheKansan) – RHOADES: State revenue has another $108 million shortfall – Read More Here

(WashingtonsBlog) – Unemployment: Better, Worse or Less Bad? – Read More Here

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Economy

9th February 2010

(CNN) – Unemployment taxes slam businesses

Employers are getting hit with a massive tax hike at a time when they can least afford it. Read More Here

(ABC) – Australia close to defaulting on debts: Joyce

Opposition finance spokesman Barnaby Joyce is courting controversy again, warning that Australia is getting to the point where it will not be able to repay its overseas debt. Read More Here

(WSJ) – No Exit in Sight for U.S. As Fannie, Freddie Flail

When Charles E. Haldeman Jr. became Freddie Mac’s chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It’s likely to need even more. Read More Here

(ABC) – Job Openings Plunged by One-Quarter Last Year

Finding a job got much tougher last year, as the number of available openings fell by nearly one quarter. Read More Here

(OpEdNews) – Globalization Is Killing The Globe: Return to Local Economies

Globalization is killing Europe, just as it’s already wiped out much of the American middle class. Read More Here

(PressTV) – Germany’s exports in 2009 tumbled 18.4%

Germany’s economy has received another blow as new data show the country’s merchandise exports fell 18.4% in 2009, the sharpest decline in decades. Read More Here

(Guardian) – Thousands to lose jobs as universities prepare to cope with cuts

Universities across the country are preparing to axe thousands of teaching jobs, close campuses and ditch courses to cope with government funding cuts, the Guardian has learned. Read More Here

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The Bankruptcy of the United States is Now Certain – Porter Stansberry

7th February 2010

It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That’s an amount equal to nearly 30% of our entire GDP. And we’re the world’s biggest economy. Where will the money come from? Read the rest of this entry »

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The second wave of mortgage defaults and foreclosures will hit the economy this year – Bob Chapman

7th February 2010

As we have been forecasting for the last two years, the second wave of mortgage defaults and foreclosures will hit the economy this year. Not only will we have failure in prime loans and option-arm loans, but we are faced with a new crop of subprime and ALT-A loans put into motion by Fannie Mae, Freddie Mac, Ginnie Mae and FHA. In addition, we find it of great interest that the FHA is changing the rules to purchase homes. That, of course, means less homes will be purchased. Read the rest of this entry »

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MSM: Russia Denies Paulson Claim Of Plan To Sell Fannie Mae, Freddie Mac

2nd February 2010

(DowJones) – Russian Prime Minister Vladimir Putin’s office Monday denied Russia approached China in 2008 to sell off U.S. Fannie Mae and Freddie Mac bonds, as detailed in former U.S. Treasury Secretary Henry Paulson’s memoirs. Read the rest of this entry »

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MSM: Paulson Says Russia Urged China to Dump Fannie, Freddie Bonds

29th January 2010

(Bloomberg) — Russia urged China to dump its Fannie Mae and Freddie Mac bonds in 2008 in a bid to force a bailout of the largest U.S. mortgage-finance companies, former Treasury Secretary Henry Paulson said. Read the rest of this entry »

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Video: The Great Recession Continues – Mort Zuckerman

25th January 2010

(CNBC) – January 22, 2010 Read the rest of this entry »

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Video: Food Shortages This Year! Want to know why the media is not covering this?

8th January 2010

If you read any economic, financial, or political analysis for 2010 that doesnt mention the food shortage looming next year, throw it in the trash, as it is worthless. There is overwhelming, undeniable evidence that the world will run out of food next year. When this happens, the resulting triple digit food inflation will lead panicking central banks around the world to dump their foreign reserves to appreciate their currencies and lower the cost of food imports, causing the collapse of the dollar, the treasury market, derivative markets, and the global financial system. The US will experience economic disintegration. Read the rest of this entry »

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Coming Soon: The Bill for the Massive U.S. Debt

4th January 2010

Americans could be in for a rude awakening in coming months when they discover the true scope of the massive national debt racked up by the U.S. government. Read the rest of this entry »

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Origins of an American Kleptocracy

4th January 2010

(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 »

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Video: Peter Schiff On Liberty Fannie & Freddie, Fed and Housing

30th December 2009

“They who would give up an essential liberty for temporary security, deserve neither liberty or security.” – Benjamin Franklin + “If a nation values anything more than freedom, it will lose its freedom; and the irony of it is that if it is comfort or money that it values more, it will lose that, too.” – W. Somerset Maugham Read the rest of this entry »

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MSM: U.S. lifts $400 billion cap for Fannie, Freddie

26th December 2009

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

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The bankruptcy of the United States is now certain

30th November 2009

It’s one of those numbers that’s so unbelievable you have to actually think about it for a while… Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that’s not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That’s an amount equal to nearly 30% of our entire GDP. And we’re the world’s biggest economy. Where will the money come from? Read the rest of this entry »

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Broke!

10th November 2009

The following was sent to Infowars:

election politics   Broke!

To President Obama and all 535 voting members of the Legislature,

It is now official you are ALL CORRUPT MORONS:

The U.S. Post Service was established in 1775 You have had 234 years to get it right and it is broke.

Social Security was established in 1935. You have had 74 years to get it right and it is broke.

Fannie Mae was established in 1938. You have had 71 years to get it right and it is broke.

War on Poverty started in 1964. You have had 45 years to get it right; $1 trillion of our money is confiscated each year and transferred to “the poor” and they only want more.

Medicare and Medicaid were established in 1965. You have had 44 years to get it right and they are broke.

Freddie Mac was established in 1970. You have had 39 years to get it right and it is broke.

The Department of Energy was created in 1977 to lessen our dependence on foreign oil. It has ballooned to 16,000 employees with a budget of $24 billion a year and we import more oil than ever before. You had 32 years to get it right and it is an abysmal failure.

You have FAILED in every “government service” you have shoved down our throats while overspending our tax dollars AND YOU WANT AMERICANS TO BELIEVE YOU CAN BE TRUSTED WITH A GOVERNMENT-RUN HEALTH CARE SYSTEM??

Folks, keep this circulating. It is very well stated. Maybe it will end up in the e-mails of some of our “duly elected officials” in Washington !! IN GOD WE TRUST

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Upsurge of Global Leveraged Speculation: The Financial Crisis is not Over

8th November 2009

(BobChapman) – Almost all the excessive hedge fund de-leveraging is over. Banks have continued to hold 40 to 1 leveraged positions, because they cannot exit them without a major economic recovery without going bankrupt. Our government remains trapped in the same old bubble mentality in its activist control banking and policymaking having issued $1.9 trillion in additional debt over the past year. Banks and government still do not see the warning signals. Read the rest of this entry »

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Video: Jerome Corsi – America for Sale

23rd October 2009

(Fox) – “The Giving away of the United States has never been greater than under Barack Obama” – Corsi Read the rest of this entry »

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US Economy: More Unemployment. Slowdown in the Pace of Job Losses

11th October 2009

(BobChapman) – The number of Americans filing first- time claims for unemployment benefits fell last week to the lowest since January, a sign the labor market is deteriorating more slowly as the economy emerges from the recession. Read the rest of this entry »

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Systemic Failure Approaches

4th October 2009

In fact, my forecast is for systemic failure. Its primary elements will be a failed US banking system (as in seizure) and a USTreasury Bond default (as in coerced restructure). Again, martial law and declaration of economic emergency will be the final solution. The prison camps will become debtor prisons and warehouses for illegals, maybe a processing plant for those who refuse virus vaccination. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Immigration/NAU, Martial Law/Police State, Neuro/Bio/Chem Warfare, NWO, Politics/Corrupt, Science/Health, Terrorism, WMD | 5 Comments »

Video: You Can't Solve an Existing Bubble by Creating a New One! – Ron Paul

16th September 2009

(MSNBC) – Congressman Paul discusses the failures of Keynesian economics, the true cause of the financial crisis, and the need to end the Fed Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, Film/Video, NWO, Politics/Corrupt | 1 Comment »

Want to Fight Deflation? Give a Worker a Raise

12th September 2009

The slight rebound in housing looks a lot different when one considers how much the Fed is meddling in the market. Fed chair Ben Bernanke has purchased $240 billion in US Treasuries to keep long-term interest rates artificially low while–at the same time–buying $740 billion in Fannie Mae and Freddie Mac mortgage-backed securities (MBS) to provide the financing for new home buyers. It’s the double-whammy; and that’s not all. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

MSM: McClatchy Announces Financial New World Order

9th September 2009

One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

MSM: Fannie Mae seeks $10.7B in US aid after 2Q loss

7th August 2009

(AP) – Fannie Mae plans to tap $11 billion in new government aid after posting another massive quarterly loss as the taxpayer bill from the housing market bust keeps growing. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

MSM: Fiscal ruin of the Western world beckons

20th July 2009

(Telegraph) – For a glimpse of what awaits Britain, Europe, and America as budget deficits spiral to war-time levels, look at what is happening to the Irish welfare state. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Fascism, NWO, Politics/Corrupt | No Comments »

America is now the world’s biggest debtor

11th July 2009

The latest Treasury auction of $19 billion of 10-year notes was at a yield of 3.365%. The bid to cover was 3.28 to 1, the highest ever. This was the third of four sales this week totaling $73 billion. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Education/Mind Control, Fascism, NWO, Politics/Corrupt | No Comments »

The Continued Fleecing Of America And Its Citizens By The Financial Elites

11th July 2009

Many people are raised with an orientation, indeed an imperative sense, that puts compassion and ethics — ones values and principles — as central to their dealings with others. This foundation becomes part of their identities and shapes the directions that their lives take. Read the rest of this entry »

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Posted in Dictatorship, Economic Crisis, Fascism, NWO, Politics/Corrupt | No Comments »

Diplomacy: The Art of Saying “Nice Doggie” Until You Find a Rock

27th June 2009

Just when I thought that those in Congress responsible for the collapse of the housing market had diverted their attention to the destruction of other sectors of our free market economy (health care and energy), up pops Barney Frank and his trusty sidekick, Anthony Weiner. Turns out, they are once again pressuring Fannie Mae and Freddie Mac to relax recently tightened standards on loans for new condominiums. Read the rest of this entry »

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

A new world is being born, one without the US dollar greasing the wheels of commerce

24th June 2009

Yekaterinburg, famous tragically as the spot Lenin chose to have the Tsar and his family executed in 1918, and ironically as the fiefdom of Boris Yeltsin, who finished off the Russian revolution itself in 1991, witnessed something no less remarkable last week when leaders of the so-called BRIC nations (Brazil, Russia, India and China) held their first summit, following the yearly meeting of the Shanghai Cooperation Organisation (SCO). Read the rest of this entry »

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Posted in China, Economic Crisis, NWO, Politics/Corrupt, Russia, South America | 1 Comment »

Back in the U.S.S.A. – Peter Schiff

21st June 2009

Harry Browne, the former Libertarian Party candidate for president, used to say: “the government is great at breaking your leg, handing you a crutch, and saying ‘You see, without me you couldn’t walk.’” That maxim is clearly illustrated by the financial industry regulatory reforms proposed this week by the Obama Administration. Read the rest of this entry »

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Posted in Economic Crisis, NWO, Politics/Corrupt | No Comments »

Heads In The Guillotine?

12th June 2009

We have had a decade-long litany of malfeasance and fraud within Fannie and Freddie – for the second time – but just like the last time, the worst outcome has been some executive terminations. Oh, and $5 trillion of securitized debt sitting around like a ticking nuclear weapon, looking for a good time and place to blow up. Read the rest of this entry »

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Posted in Economic Crisis, NWO, Politics/Corrupt | No Comments »

Illiteracy in High Places – Forgetting What We Learned

4th June 2009

(Paul Craig Roberts) – If a person lives long enough, he can watch everyone forget everything they learned. Everyone includes Federal Reserve Chairmen, economists, Bank of America “strategists,” and even Bloomberg.com. Read the rest of this entry »

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Posted in China, Economic Crisis, NWO, Politics/Corrupt | No Comments »