(KurtNimmo) – Americans understand that Obama and Feinstein are coming for the guns. In response, they are attending gun shows — that will soon be illegal — in large numbers. Read the rest of this entry »
See Also: (EconomicCollapse) – Quantitative Easing Did Not Work For The Weimar Republic Either – Read More Here
(CNBC) – Richard Fisher, President of the Dallas Federal Reserve, appeared on CNBC’s Squawk Box Sep. 18 to discuss the economy, banks and QE3. Read the rest of this entry »
(AJC) – In the latest round of government “stimulus” the Fed has announced that it will be buying $40 billion in mortgage-backed securities each month for an indefinite period of time. Read the rest of this entry »
See Also: (RT) – Two US Campuses Evacuated As Texas University Confirms Al Qaeda Bomb Threat – Read More Here
(AJC) – A call placed to the University of Texas in Austin this morning claims al-Qaeda has planted “numerous bombs” on campus. Read the rest of this entry »
(ZeroHedge) – The FED telegraphs to the banks its endless string of broken promises of market intervention is coming to an end. Read the rest of this entry »
FLASHBACK – (DiscloseTV) – May 2009 – Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went… and Inspector General Elizabeth Coleman hasn’t a clue… Read the rest of this entry »
(ZeroHedge) – Banks have been caught manipulating the benchmark for $800 trillion in financial instruments with the blessing full blessing of the FED and the Bank of England. Read the rest of this entry »
(HigginsBlog) – A disgusting NY Fed transcript reveals the Federal Reserve was helping the global banking cartel run a key interest rate manipulation scam. Read the rest of this entry »
(HigginsBlog) – Details of a GAO audit of the Federal Reserve’s eye-popping secret $16 trillion-dollar bailout reveals that Federal Reserve board members gave their own banks $4 trillion. Read the rest of this entry »
Cartoon lambasting the Federal Reserve from 1916 – a year before the Fed was created.
(WashingtonsBlog) – The non-partisan Government Accountability Office released a report today showing widespread corruption and conflicts of interest in the Federal Reserve. Read the rest of this entry »
(AJC) – On the Monday edition of the Infowars Nightly News, Alex talks about the conspiracy between Citibank and New York cops to corral and then arrest protesters attempting to close their accounts and make a political statement about the bank.
Alex gets into the underhanded Fed Reserve attempt to censor an Infowars video exposing the bankster operation for what it is ‘” a privately held cartel masquerading as a federal agency. The Fed has demanded that YouTube remove the video from its popular website. Read the rest of this entry »
(AJC) – Alex Jones addresses the latest intimidation tactic from the private Federal Reserve bank, whose San Antonio branch has filed a privacy violation with You Tube demanding the removal of a video filmed at the location during an “occupy” rally. Alex tells them cease and desist this action, which violates the First Amendment.
Federal Reserve branches across the country have a long history of trying to stifle free speech and press coverage, from fraudulently claiming that filming its buildings is illegal to threatening arrest and more. Read the rest of this entry »
See Also: (RawStory) – Rep. Ron Paul wins another Republican presidential straw poll – Read More Here
(Infowars) – Last week, the subcommittee which I chair held a hearing on monetary policy and rising prices. Whether we consider food, gasoline, or clothing, the cost of living is increasing significantly. True inflation is defined as an increase in the money supply. All other things being equal, an increase in the money supply leads to a rise in prices. Inflation’s destructive effects have ruined societies from the Roman Empire to Weimar Germany to modern-day Zimbabwe. Read the rest of this entry »
(GlobalResearch) – The question keeps swirling around regarding the Fed and just how much Treasury paper they can buy from the market under current rules. Our guess is about $1.7 trillion. A good part of that may well be in notes, which will probably keep long dated rates low. On the other hand they may increase the current limit, and buy everything in sight. Read the rest of this entry »
(PaulWatson) – Precious metal hits new record high as greenback plummets in reaction to expectation of Fed’s quantitative easing policy Read the rest of this entry »
(InternationalForecaster) – On Friday, September 10, 2010, Horizon Bank, Bradenton, FL was closed by the Florida Office of Financial Regulation and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. Read the rest of this entry »
(ZeroHedge) – Arguably the most useful report to come out each quarter out of the Federal Reserve is the Z.1, or the Flow of Funds report, which was released minutes ago. And it’s a doozy: household net worth (assets less liabilities) in Q2 2010 plunged by $1.5 trillion, almost exclusively due to a plunge in Corporate Equities ($0.9 trillion) and Pension Fund holdings ($0.7 trillion). In other words, the net wealth of the US household continues to track the performance of the stock market tick for tick. And one wonders why the Fed, per Alan Greenspan’s admission, is only focused on ramping stocks up to all time highs. Total household financial assets declined by $1.7 trillion to $43.7 trillion, which was the biggest swing factor, as the tangible assets, or housing, was kept flat at $23.7 trillion. Read the rest of this entry »
(Infowars) – Almost two years ago the US Treasury was selling large amounts of short-term Treasury bills to fund bailouts and stimulus. That caused a major increase in debt. Most of that paper was 2-year bills and it is coming due for rollover shortly. While that transpires, October will report the annual fiscal deficit of 9/30/10 of about $1.5 trillion, a figure thought impossible just 1-1/2 to 2 years ago. Read the rest of this entry »
(Kitco) – U.S. Rep. Ron Paul , R-Tex., plans to introduce a new bill next year that will allow for an audit of US gold reserves, he told Kitco News in an exclusive interview.
Paul dropped the news in the interview, indicating that the bill still does not have an official name yet but will be unveiled at the start of the new U.S. Congress.
“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” he said of the Federal Reserve. Read the rest of this entry »
(NaturalNews) – When the world’s largest pharmaceutical company was found to have engaged in a massive illegal marketing campaign, federal prosecutors decided the company was too big to punish — so they let it set up a shell corporation to take the blame.
In 2001, the FDA approved Bextra for the relief of arthritis and menstrual cramps, but did not approve it for more severe surgical pain. Yet Pfizer aggressively promoted the drug to anesthesiologists and surgeons — “anyone that use[d] a scalpel for a living,” in the words of one internal company document. Company employees also told doctors that the FDA had approved Bextra as safe in doses as high as 40 milligrams, whereas the agency had actually only approved doses up to 20 milligrams. Read the rest of this entry »
(DailyBell) – Since Obama’s election, the constituent theories within the overarching narrative of the New World Order have increasingly made inroads into the mainstream national discourse. … Joseph Farah’s WorldNetDaily.com, for example, has grown its influence by peddling paranoia about the president’s birth certificate and AmeriCorps’ “domestic armies.” Earlier this year, the John Birch Society, a group with a long history of hatching and promoting wild conspiracy theories (including the idea that President Eisenhower was a communist agent), co-sponsored the Conservative Political Action Conference, an annual powwow of leading conservatives and Republican Party figures. Speakers at this year’s conference included such mainstream names as Washington Post columnist George Will, former GOP presidential candidate Mike Huckabee and Republican House Minority Leader John Boehner. Here is a compilation of 10 of the most popular conspiracy theories currently circulating on the radical right and, increasingly, on points of the political spectrum much too close to the center for comfort.” – AlterNet
Dominant Social Theme: The lunatics need to be reined in.
Free-Market Analysis: While popular, left-wing website AlterNet cannot be considered mainstream media per se, this article partakes of the modern Western (mostly US) tradition of debunking suspicions that people may have about their government. It is especially a US dominant social theme – that the “paranoid style” of US politics generates fantastical suspicions about the US fedgov’s intentions. Various “right wing” nutcases are flagellated for not taking the US-based corporatocracy and military industrial complex at its word.
Never mind that the US government is a US$3 trillion-plus entity with world-spanning power and that entities so powerful and complex have their own logic and their own over-riding agenda. Never mind that the US has been almost constantly at war (somewhere in some fashion) for the past 100 years or longer. (Never mind, in fact, that the US now employs so many domestic and foreign intel operatives that it cannot keep track of them anymore.) In fact, when one looks into AlterNet at Wikipedia it becomes fairly clear that the money behind the group comes from the predictable power-elite pocketbook, including the Ford Foundation which never saw a socialist cause it couldn’t endorse and fund. (Henry Ford has been rolling like a top for decades.) Perhaps AlterNet is a promotion, too?
Anyway, such an article is of obvious interest to the Daily Bell because it counteracts (with the calm voice of reason) suspicions that the powers-that-be are in any sense aimed at US citizens themselves. These sorts of articles are actually quite numerous on the ‘Net, but this is a very good example of one. Here are the top ten list of conspiracy theories from AlterNet and our comments beneath. Read the rest of this entry »
On June 5th, 1933, Franklin Delano Roosevelt signed into law the Emergency Banking Act which declared America bankrupt and insolvent. Twenty years after the 1913 Federal Reserve Act authorized a private central bank to loan money to the government at interest, the country declared its bankruptcy. Twenty years after the Federal Reserve Act was passed, Congress enacted House Joint Resolution 192, to “Suspend the Gold Standard and Abrogate the Gold Clause” and the nation became insolvent. Just twenty years after the Federal Reserve Act became law, gold at twenty dollars an ounce was inflated by FDR to twenty-nine dollars an ounce, confiscated with the passing of the Gold Reserve Act in 1934, and then inflated again to thirty-five dollars an ounce. Read the rest of this entry »
(C4L) – The following U.S. representatives cosponsored H.R. 1207 but voted against Audit the Fed on a motion to return the Dodd-Frank Financial Reform bill to committee and add back in the thorough Audit. View 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
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
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 »
(GunsNButter) – Audio: On the Destructive Nature of the Global Economic System – Bonnie Faulkner Interviews Michel Chossudovsky – Audio Link Here
(NYTimes) – NY Times’ Krugman: We Are Entering The Third Depression
We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense. Read More Here
(CNN) – Video: Clinton – U.S. Budget Is Broken – View Video Here
(LondonTelegraph) – RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve
As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. Read More Here
(LewRockwell) – Suiting Up for a Post-Dollar World
The global financial crisis is playing out like a slow-moving, highly predicable stage play. In the current scene, Western governments are caught between the demands of entitled welfare beneficiaries and the anxiety of bondholders who fear they will be stuck with the bill. As the crisis reaches an apex, prime ministers and presidents are forced into a Sophie’s choice between social unrest and bankruptcy. But with the “Club Med” economies set to fall like dominoes, the US Treasury market is not yet acting the role we would have anticipated. Read More Here
(StarAdvertiser) – Huge tent city takes root
Homeless camps cover 50 acres, from Waipio Point, around Middle Loch to Pearl City Read More Here
REPOST – (WSWS) – Senate Democrats and Obama abandon the jobless
Senate Democrats gave up efforts to extend unemployment benefits for millions of jobless workers after the third vote on overcoming a Republican filibuster failed. The final vote Thursday was 57 to 41, three votes short of the 60 necessary to cut off debate, with one Democrat, Ben Nelson of Nebraska, joining a unanimous Republican opposition. Read More Here
(Bloomberg) – Merkel Warns European Crisis is Far From Over, Wall Street Journal Reports – Read More Here
(GlobalResearch) – BOOK LAUNCH: The Global Economic Crisis: The Great Depression of the XXI Century – Michel Chossudovsky and Andrew Gavin Marshall – Read More Here
(EurasiaReview) – Europe’s Fiscal Dystopia: The “New Austerity” Road – Michael Hudson
Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to Greece’s George Papandreou (president of the Socialist International) and Canada’s host, Conservative Premier Stephen Harper, are calling for cutbacks in public spending. Read More Here
(BBC) – Romania plans big VAT rise to secure bail-out funds – Read More Here
(RegionalTimes) – IMF stops next tranche of loan to Pakistan till imposition of VAT Read More Here
Climategate
(LATimes) – Senate Democrats poised to start energy bill
With the gulf oil spill creating political opportunity, Senate Democrats will begin crafting a sweeping energy bill this week that could include a first-ever, though more modest, cap on global-warming pollution, believing they must act now despite differences within their ranks and political jitters in an election year.
Australia’s new prime minister, Julia Gillard, today moved to revive a stalled carbon trading scheme, pledging more consultation with industry and voters to win support for an issue that has divided the nation. Read More Here
(MercuryNews) – Defeat of jobs bill in Senate costly to California
Hundreds of thousands of jobless residents will see their unemployment checks cut off. The deficit-plagued state budget stands to lose billions of desperately needed dollars. And a tax credit for research and development, long prized by the tech industry, appears to be on life support. Read More Here
(Telegraph) – Ben Bernanke needs fresh monetary blitz as US recovery falters
Federal Reserve chairman Ben Bernanke is waging an epochal battle behind the scenes for control of US monetary policy, struggling to overcome resistance from regional Fed hawks for further possible stimulus to prevent a deflationary spiral. Read More Here
(InfoClearingHouse) – Mission Accomplished:The Reagan Occupation and the Destruction of the American Middle Class – Read More Here
(WoodTV) – 400k unemployed in MI to lose benefits
Comes on heels of GOP killing Senate extension Read More Here
(WeAreChange) – We are Change Plans End the Fed protest on Independence Day
We Are Change groups from MD, VA and DC have joined togeather to hold an End The Fed protest in Washington DC in honor of Independence Day. The event will be on Saturday, July 3rd and the permits are already in. Read More Here
(KDVRDenver) – Bank of America, Freddie Mac Sell Homes Without Notice – Read More Here
(USAToday) – Obama Gets “Financial Reform” Bill as He Heads for G20
“We are poised to pass the toughest financial reform since the ones we created in the aftermath of the Great Depression,” Obama said at the White House as he prepared to leave for the G-20 summit in Canada. Read More Here
(WPost) – New Financial Overhaul Gives Government Broad New Powers To Seize Financial Firms – Read More Here
(BusinessInsider) – These 8 Members Of Congress Are Under Investigation For Fundraising During The Financial Reform Debate – Read More Here
(FoxNews) – Senate Republicans Defeat Jobless Aid Measure Over Deficit Fears
The Senate has failed to reach an agreement to extend weekly jobless benefits, leaving more than a million out-of-work Americans without an unemployment check by week’s end.
The 57-41 loss was a major blow for President Obama and Democrats. They needed three more votes — for a total of 60 — to stop a GOP filibuster. Read More Here
(TampaBay) – Pinellas to lay off 211 county workers
The layoffs run through virtually every department, affecting everything from parks and street repairs to customer service and health care. Read More Here
(BusinessInsider) – Greek Communists Say IMF-Imposed Austerity Means “Dachau Conditions For Life”
Greek communists are cranking up the rhetoric against IMF-imposed austerity measures, now calling for war against the Athens government. Read More Here
(TheStreet) – Gold Prices Top Record, Break $1,260 – Read More Here
(Bloomberg) – Greenspan Says U.S. May Soon Reach Borrowing Limit
Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain borrowing. Read More Here
(Fool) – The Coming Financial Meltdown
The problem is getting worse. Notional amounts of derivatives held by federally insured banks have risen to more than $200 trillion. Read More Here
(MyNews4) – Video: Nevada’s unemployment rate to reach No. 1 in U.S. – View Video Here
(PaulWatson) – Obama Plans To Sneak Through Carbon Tax By Stealth
Job killing, economy wrecking, middle class destroying consumption tax to be added in lame duck session after November elections Read More Here
(WebOfDebt) – Hyperinflation or Deflation? Dramatic Fiscal Austerity Measures: “Deficit Terrorists” Strike in the UK — The USA is Next – Ellen Brown
Last week, England’s new government said it would abandon the previous government’s stimulus program and introduce the austerity measures required to pay down its estimated $1 trillion in debts. That means cutting public spending, laying off workers, reducing consumption, and increasing unemployment and bankruptcies. It also means shrinking the money supply, since virtually all “money” today originates as loans or debt. Reducing the outstanding debt will reduce the amount of money available to pay workers and buy goods, precipitating depression and further economic pain. Read More Here
(Reuters) – Philly Fed Factory Activity Index Plummets in June
Factory activity growth plummeted in the Mid-Atlantic region in June, a survey showed on Thursday, adding to worries that the short and tepid U.S. economic recovery is now fizzling. Read More Here
(StarTribune) – Video: In jail for being in debt
You committed no crime, but an officer is knocking on your door. More Minnesotans are surprised to find themselves being locked up over debts. Read More Here
(EconomicPolicyJournal) – Swiss Legislators Sell American Tax Evaders Down the River to Bailout Big Bank
The legislators have approved a law that clears the way for the government to hand over the names of thousands of alleged U.S. tax evaders to the Internal Revenue Service, dodging the risk that the U.S. would reopen a bruising tax case against Swiss bank UBS AG, according to WSJ. Read More Here
(RawStory) – US jobless claims in surprise rise
New claims for jobless insurance benefits in the United States rose unexpectedly for the second straight week, the government said Thursday on concerns unemployment may derail the economic recovery. Read More Here
(NBCSandiego) – New Wave of Cuts at Union-Tribune: Sources
The San Diego Union Tribune told employees Thursday the company is cutting close to 40 newsroom positions, according to sources. Read More Here
(Bloomberg) – Illinois Debt-Default Insurance Climbs to Record High (Update1)
“If the spread is the widest, it says the problem is bigger than it’s ever been before,” said Peter Hayes, who oversees $106 billion of municipal bonds for New York-based BlackRock Inc. “It’s a reaction to the inability to pass a budget. We’ve seen a greater unwillingness from Illinois and the market is reacting to that.” Read More Here
BREAKING – (SCMLA) – Video: Banks In Oaxaca, Mexico No Longer Accept American Dollars
SoCal Martial Law Alerts (SCMLA) interviewed Lee, an American who discovered while on a recent (Christian) mission trip to Oaxaca, Mexico, that Mexican banks will no longer exchange American dollars for Mexican pesos.
Lee said that, when he first arrived in Oaxaca two weeks ago, the banks would still exchange American dollars for Mexican pesos, but then when he accompanied a friend to a Mexican bank approximately one week ago, that’s when he discovered the policy change regarding dollar-to-peso currency exchanges. Read the rest of this entry »
A towering figure casts his shadow over the gravesite of our once great Republic. In his hand is the murder weapon he used to seal his victim’s fate: ‘The Federal Reserve Act of 1913.’
At his feet are the tiny, crawling vestiges of life that scramble aimlessly about the burial heap, eking out a meager existence upon the remains of what was once a vibrant and robust living organism. He looks about the graveyard. His victims are everywhere. Their headstones are engraved with the names of the fallen: England, France, Spain and Germany—all of them dead. He killed every last one. Throughout the world he is known by many aliases: The Elite, The Illuminati and the New World Order. Read the rest of this entry »
(RussiaToday) – May 27 – This time Max Keiser and co-host Stacy Herbert look at the scandals of guillotines and conspiracy theories, Fed rackets and capital flows. In the second half of the show, Max interviews Dr. Joern Berninger about the European “debt crisis”, when France was “technically bankrupt” on May 7, and about the China bubble debate. 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 »
(BusinessInsider) – Schwarzenegger Warns Of “Terrible Cuts, Absolutely Terrible Cuts” Coming In California – Read More Here
(RumormillNews) – 27 Reasons Why You Should Buy Silver NOW
The following is a list of facts and reasons to switch all your Gold investments into Physical Silver: Read More Here
(CounterPunch) – The May 6 Stock Crash Revisited – “Over My 21 Years on Wall Street, I Never Saw Anything Remotely So Suspicious” – Read More Here
(Breitbart) – Bankers jailed, sued as Iceland seeks culprits for crisis
Four former Kaupthing executives, who all live in Luxembourg, have meanwhile been arrested in Iceland in the past week and Interpol has issued an international arrest warrant for that bank’s ex-chairman, Sigurdur Einarsson. Read More Here
(ZeroHedge) – Panic Buying Of Physical Gold In Europe Threatens Depletion Of Austrian Mint – Tyler Durden
When global governments refuse to act responsibly toward their currency, the people will create their own currency. Welcome gold.
( NAW ) 05/12 08:57AM AUSTRIAN MINT SAYS SOLD 243,500 OZ GOLD IN COINS AND BARS IN LAST 2 WEEKS, MORE THAN IN ENTIRE Q1
( NAW ) 05/12 08:58AM AUSTRIAN MINT SAYS GOLD ORDERS COMING ENTIRELY FROM EUROPE IN LAST FEW WEEKS, SIGNS OF “PANIC BUYS”
(MarketTicker) – Record Deficit For An April – Read More Here
(HeraldScotland) – Economy ‘worse than Spain’
The UK’s economy is in worse shape than Spain, and may not be able to bear the deep spending cuts proposed by the Conservatives, one of Scotland’s leading fund managers has told The Herald. Read More Here
(VancouverSun) – Canadians spend their way to top of debt heap, report says
Helped by rock-bottom interest rates, consumers have been borrowing at unprecedented levels and now owe a record $1.41-trillion, putting Canada in the number one spot among OECD nations in terms of consumer debt to financial assets, says a study by the Certified General Accountants Association of Canada. Read More Here
(USAWatchdog) – Gold Is Money
The Western financial world is officially in full panic mode. A nearly $1 trillion bailout of Greece confirms that fact. Our very own Federal Reserve is providing billions to the effort, but this is much more than a bailout for Greece. It is a bailout for banks holding Greek debt and the debt of other European nations teetering on default. Read More Here
(ZeroHedge) – Here Comes The Bailout Bailout: European Cental Banks Gobbling Up Portuguese, Irish And Greek Government Bonds
And so the European private banks win the overnight battle with the Central Banks again: after shorting the EURUSD all the way to almost 1.25, they have forced the European Central Banks to buy ever more of their worthless Government bond holdings. Reuters reports that overnight CBs have been aggressive buyers of Greek, Portuguese and Irish Sovereign (if there is such a laughable concept as sovereign any more) bonds, which in turn has forced a quick short covering spree in the EURUSD and the EURJPY, which in turn has forced futures to go from 10 handles down to up 4. In other words, Central Banks now are fighting tooth and nail to prevent the market from going down ever again. Read More Here
(CNBC) – Video: Peter Schiff on CNBC – Gold to $10,000/oz!
(RussiaToday) – Video: Adam Kokesh on RT – The Fed is under audit – Video Link Here
(BigEye) – 62 Obvious Traitors – To be removed from public office
The below traitors in the U.S. Senate have now shown how corrupt they are. They voted to prevent a full audit of the Federal Reserve Bank. By this action, they have conspired to continue secretly hiding the theft of taxes taken from the incomes of America’s workers.
By voting as the paid-off traitors they obviously are, they are pushing America into further financial disaster. Read More Here
(MailOnline) – ‘Vampire Squid’ Goldman Sachs confesses it is being investigated for helping Greece hide its debts
The controversial Wall Street bank – nicknamed the Vampire Squid because its tentacles stretch far and wide – is accused of having profiteered out of a complex currency deal that helped Greece massage its finances. Read More Here
(SMH) – Spain cuts salaries as Europe faces up to crisis
Spain announced dramatic cuts to public sector salaries and Greece received its first injection of an IMF bailout on Wednesday as Europeans faced up to the reality of their massive debt crisis. Read More Here
(EarthTimes) – Romanian retirees protest against pension cuts – Read More Here
(OnlineJournal) – What is good for Goldman Sachs is bad for the world – Read More Here
(HuffingtonPost) – The Real Misery Index April 2010: Underemployment Woes Lead To Two-Tier Economy
The unemployment crisis continues to stymie a full economic recovery, with ripple effects from credit card delinquencies and rising food stamp participation indicating new hardships for millions of Americans, according to the latest update of Huffington Post’s Real Misery Index. Read More Here
(RawStory) – US trade deficit biggest in more than two years – Read More Here
(CNNMoney) – Video: We Will Have Even More Crises in the Future: Nouriel Roubini – View Video Here
(LATimes) – Welfare system could cause Israel to collapse, economist warns
Nearly one in five Israeli men between the ages of 35 and 54 do not work, including Arabs and ultra-Orthodox Jews, says Dan Ben-David. As their numbers rise, so does the economic peril, he says. Read More Here
(Kitco) – Comex Gold Hits All-Time Record High in After-Hours Trading
Comex gold futures Tuesday afternoon hit a new all-time record high of $1,232.50 an ounce. The previous record high of $1,227.50, basis nearby futures, was set in December of 2009. Gold continues to benefit from safe-haven buying interest amid the European Union’s sovereign debt crisis, and on building bullish technical momentum. With gold prices now in uncharted territory, traders should look for higher volatility both on the upside and on the downside, but with a continued upside bias. Source: Kitco
(Rense) – Financial ‘Reform’ Bill Will Guarantee More Stealng The Fruits Of OUR Labor
The Congress has been busy. Why, haven’t you seen all these stern looking professional politicians from both sides on cable news networks jockey for their “solution” to our dire economic situation?
(AP) – Federal Stimulus Money Used To Demolish Houses Read More Here
(NYTimes) – 4 Major Banks Manipulate Market For Perfect Months Of Trading
It is the Wall Street equivalent of a perfect game of baseball — 27 up, 27 down, the final score measured in millions of dollars a day.
Despite the running unease in world markets, four giants of American finance managed to make money from trading every single day during the first three months of the year. Read More Here
(PaulWatson) – Alan Grayson: “We Beat The Fed”
While many are expressing disappointment and even despair that the Senate voted down Ron Paul’s audit the Fed bill while passing a weakened version, Congressman Alan Grayson is confident that the stronger provisions of the original House amendment can be added in Committee, ensuring the Federal Reserve doesn’t get off the hook, as Congressman Paul has warned. Read More Here
(RussiaToday) – Video: Two for one – Auditing Ft. Knox and the Fed
The American Public is demanding for it and they may be getting a two for one deal. An audit of the Federal Reserve will be conducted; specifically its dealings with financial institutions right before and after the financial crisis. This audit will also be conducted on Fort Knox; the audit is taking place in order to determine where money is going and seek some transparency about who received money from the Federal Reserve. Read the rest of this entry »
(C-Span) – Video: Ron Paul I Am Very Concerned About What’s Going To Happen!
(Reuters) – U.S. Senate rejects broader Fed audit amendment: May 11
The U.S. Senate rejected an amendment on Tuesday that would have exposed the Federal Reserve to broader scrutiny by Congress, which critics said would extend to monetary policy decisions. Read More Here
(DailyCrux) – Porter Stansberry: The U.S. dollar is about to implode – Read More Here
(DailyMail) – Unions warn of Greek-style riots in Britain against public sector cuts after court victory over capping of redundancies
Militant unions today sent a chilling warning of Greek-style strikes and protests after winning a major legal victory for civil servants made redundant.
The warning raises fears of months of chaos triggered by a furious public sector who refuse to accept painful changes to tackle Britain’s financial crisis. Read More Here
(Reuters) – FOREX-Euro falls as market doubts rescue package
The euro fell on Tuesday as the relief rally unleashed by an emergency aid package to prevent the spread of a euro zone debt crisis dissipated and the focus switched back to structural problems plaguing the bloc. Read More Here
(WashingtonsBlog) – The Second Leg of the Great Depression Was Caused by European Defaults
Many Americans know that the Great Depression was started by the bursting of the giant Wall Street bubble of the 1920′s (fueled by the use of bank deposits on speculative gambling, which is why Glass-Steagall was passed) , which in turn caused a run on American banks. Read More Here
(C4L) – The Washington Post’s Ezra Klein (who has not come out either for, or against, an audit of the Fed) raises the same question many of us at Campaign for Liberty had when looking at the Sanders amendment…
The amended version of Audit the Fed passed the Senate 96 to 0 today. A version that was closer to the original — that is to say, it would’ve created a regular audit rather than a one-time audit — lost, 37 to 62. I’m a bit confused by a world in which 96 senators think we need to know what the Fed did in 2008 and 2009 but only 37 think we’ll need to know what the Fed did in 2012 and 2013.
What the Sanders amendment really called for was a mere one-time disclosure of some emergency lending powers used by the Federal Reserve during the most recent fiscal crisis, not an audit. Read the rest of this entry »
(FoxBusiness) – May 10 – The Gloom, Boom and Doom Report Publisher Marc Faber weigh in on the future of the global and U.S. markets. Read the rest of this entry »
(SicSemperTyrannis) – There has been lots of talk about a coming food crisis due to the massive looting of the nations under the cover of an “economic crisis”. Recently, a report published by The Trumpet has shown food prices spinning out of control.
In the article it shows some of the most startling year-over-year price increases in the U.S. markets: Read the rest of this entry »
(CNBC) – Video: Jim Rogers, Stock Plunge is Just the Beginning! – Video Link Here
(EconomicPolicyJournal) – Fed Set to Go Nuke to Help Bailout Europe
Needless to say this is complete and utter madness. It is extremely inflationary on a global scale.What’s more, outside of banksters, no one in America will benefit from this move. Every one in America will suffer from the ultimate inflationary consequences. Read More Here
(WashingtonTimes) – Stock market time bomb?
Even the world’s most savvy stock-market giants (e.g., Warren E. Buffett) have warned over the past decade that derivatives are the fiscal equivalent of a weapon of mass destruction (WMD) – potentially lethal. Read More Here
(InfoClearingHouse) – Was the Market Pushed? – Danny Schechter
The Wall Street Journal headline on the day after we almost lost the U.S. stock market reported that the wise men on the Street were “baffled” by the big drop Thursday. The Financial Times called the event “Shambolic” as if only a shaman can decode it. Read More Here
(ZNet) – Can the Euro be Saved? – Joseph Stiglitz
The Greek financial crisis has put the very survival of the euro at stake. At the euro’s creation, many worried about its long-run viability. When everything went well, these worries were forgotten. But the question of how adjustments would be made if part of the eurozone were hit by a strong adverse shock lingered. Fixing the exchange rate and delegating monetary policy to the European Central Bank eliminated two primary means by which national governments stimulate their economies to avoid recession. What could replace them? Read More Here
(GlobalResearch) – The Second Wave of the Financial Tsunami – Matthias Chang
I wrote on 23rd November 2009:
“The wave is gathering force and is most likely to hit the global economy between the first and second quarter of 2010. Count on it… The US economy will be spiraling out of control in the coming months and will reach a critical point by the end of the 1st quarter 2010 and implode by the 2nd quarter.” Read More Here
(InternationalForecaster) – Sovereign Debt Crisis: Washington Complicit in Massive Financial Fraud on Wall Street – Bob Chapman
It was 7 years ago we said Fannie Mae and Freddie Mac were bankrupt. Most everyone within the beltway knew it, but no one would say anything about it. This as it now turns out they were the poster companies, which led to sovereign debt problems, but also showed that they were involved in massive fraud over several years and many in Washington knew it. Earnings were fabricated in order to create conditions, so that the officers could collect millions of dollars in bonuses. Part of this scam was engineered by Goldman Sachs, which pushed more than $100 million in earnings into future years. Earnings were structured so that they justified larger payouts for executives. Read More Here
(InfoClearingHouse) – Shadow Inventory – A “Lost Decade” Ahead For Housing – Mike Whitney
In its effort to rescue the housing market, the Obama administration has created a Frankensystem which neither allows the market to clear nor solves the intractable social problems of lost equity and foreclosure. Read More Here
(ABCNews) – $18M Being Spent to Redesign Recovery.gov Web Site
For those concerned about stimulus spending, the General Services Administration sends word tonight that $18 million in additional funds are being spent to redesign the Recovery.gov Web site. Read More Here
(WashingtonsBlog) – Americans Have Been Bailing Out Foreign Banks for Years … And We’re Getting Ready To Do It Again
As the Wall Street Journal points out, the Federal Reserve might open up its “swap lines” again to bail out the Europeans: Read More Here
(AFP) – Britain says it will not back European bailout fund
Britain said on Sunday that it will refuse to underwrite a European Union bailout fund worth some 60 billion euros that finance ministers want to agree at emergency talks in Brussels. Read More Here
(BullFax) – Goodbye, stimulus. Hello, state budget cuts
Think states have made deep spending cuts? You ain’t seen nothing yet. Read More Here
Many theories have sprung up in regards to what exactly happened on Thursday that would cause a 1,000 point drop in the DOW. Some say that it was a computer or human error that caused the trillion-dollar collapse, but few have theorized the possibility of an engineered collapse that would purposefully create more instability in the United States.
Here’s CNBC’s Maria Bartiromo calling the crash in the DOW a manipulated event.
“That is ridiculous”, Bartiromo replied. “I mean this really sounds like market manipulation to me. This is outrageous.” – Video Link Here
(Telegraph) – British taxpayers ordered to bail out euro
Britain faces paying out billions of pounds under a European Union deal intended to prevent another financial crisis like the one in Greece. Read More Here
(CharlieVLog) – Video: JOBS SCAM – Quick -We Need Some Good News – View Video Here
(CharlieVLog) – Video: Time Is Running Out
(Solari) – The Biggest 2010 Health Care Act Change You Never Heard About -Catherine Austin Fitts Blog
Is the goal to so overload small business with compliance costs that you put them out of business? We think so. They will not succeed, but add this to a long list of economic hits from Washington in 2010. Read More Here
(Reuters) – 39 pct of Greeks plan to take part in protests-poll
A large majority of Greeks oppose austerity measures agreed by the government in exchange for financial aid and 39 percent say they are ready to participate in protests against the cuts, a poll showed on Saturday. Read More Here
(VisionVictoryVlog) – Video: Breaking News! Greekman Brothers Moment, Shady Reporting by the BLS exposed, and the Dow JonesRead the rest of this entry »
(CampaignForLiberty) – Is Sovereign Debt Crisis Contained to Subprime? – Peter Schiff
As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory. Read More Here
(IsraelFinancialExpert) – The Euro Crisis and the Euro Collapse- A run on the banks is Imminent – Read More Here
(BullionBullsCanada) – The Silver Price Spiral, Part III: tomorrow
In Part I of this series, I introduced readers to the idea that the price of silver could soar to levels which would even surprise most silver-bulls. In Part II of this series, I pointed out that when our “paper inventories” of silver are exposed that this, alone, sets up the silver market for an enormous price-shock. In Part III of this series, I will discuss how silver has perhaps the most-bullish demand fundamentals of any commodity in history Read More Here
(AZFamily) – Video: Hundreds seek to fill vacant positions at Pro’s Ranch Market
Job hunters turned out in the hundreds to fill recently-vacant positions at Pro’s Ranch Market stores, where a federal audit led to the firing of some 300 workers. View Video Here
(CityWire) – Would You Put Up With What is Being Asked of the Greek People?
Want to know exactly why public anger in Greece is running at such explosive levels? Then take a look at the austerity measures currently being debated by the Greek parliament. Read More Here
Why is the Federal Reserve so afraid of openness and accountability? – Read More Here
(GlobalResearch) – Financial Manipulation and Inside Information: Did the Stock Market Drop Or Was It Pushed? – Danny Schechter
The Wall Street Journal headline on the day after we almost lost the market reported that the wise men on the Street were “baffled” by the big drop Thursday. The Financial Times called the event “Shambolic” as if only a shaman can decode it. Read More Here
(BusinessInsider) – Wealth And Inequality In America: The Rich are getting Richer and the Poor are getting Poorer – Gus Lubin – Read More Here
(FinancialTimes) – Plunge in US equities remains a mystery
The day after $1,000bn was briefly wiped off the market value of US equities, traders were still trying to work out what caused share prices to plunge and then rebound so dramatically in a matter of minutes. Read More Here
(ComingDepression) – Unmentioned: USA slaps more tariffs on China
“The U.S. Department of Commerce said yesterday that it has set preliminary anti-dumping duties on refined Chinese and Mexican copper pipe worth hundreds of millions of U.S. dollars.”
Unless we wake up in the West to what has happened with China monopolizing the world manufacturing sector and supplying easy credit to keep buying their products, we’ll end up like Greece too. China is acting on emotion to sustain its country because if the people there are jobless, we stop buying their stuff – they will collapse into civil strife. Read More Here
(Spiegel) – Huge National Debts Could Push Euro Zone into Bankruptcy
Greece is only the beginning. The world’s leading economies have long lived beyond their means, and the financial crisis caused government debt to swell dramatically. Now the bill is coming due, but not all countries will be able to pay it. Read More Here
(HuffingtonPost) – Stock Market Collapse: More Goldman Market Rigging? – Ellen Brown
Goldman and Wall Street reign. Congress appears helpless to discipline the big banks, just as the European Central Bank appears helpless to prevent the collapse of the European Union. . . . Or are they? Read More Here
(Current) – Thomas Jefferson – Banks more Dangerous than Armies
Banking institutions, paper money, and paper speculation are capable of undermining the nation’s stability and could be a danger in time of war. The Constitution does not empower the Congress to establish a National Bank. Rather than trust the nation’s currency to private hands, the circulating medium should be restored to the nation itself to whom it belongs. Read More Here
Perhaps no other force had as much to do with stabilizing the financial system during the crisis as the Federal Reserve. And no other influence is shrouded in so much mystery. Although its tactics were hugely successful, the Fed has become incredibly controversial due to its secrecy. It has some politicians on both sides of the aisle calling for an audit to enhance transparency. But the Senate amendment — sponsored by Sen. Bernard Sanders (I-VT) — changed significantly on Thursday and lost much of its bite. Read More Here
(AP) – FDIC shuts banks in Fla., Minn., Ariz., Calif.
Regulators on Friday shut down banks in Florida, Minnesota, Arizona and California, bringing the number of U.S. bank failures to 68 this year. Read More Here
(TheComingDepression) – Mortgage fraud in Canada highlights tumbling market
“The Bank of Montreal has been hit by a huge mortgage fraud in Alberta that may cost it $30 million, a report said. The bank is suing hundreds of people in connection with the scam, including lawyers, mortgage brokers and four of its employees, CBC News said, citing legal documents.”
The case may be the largest mortgage fraud in Canadian history, generating about $140 million, with funds channeled as far as Lebanon, India – Read More Here
Video: Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed
Rep. Alan Grayson discussed the Federal Reserve’s purchase of debt from Bear Stearns, including debt from recently foreclosed Red Roof Inn’s.
(RussiaToday) – Video: World economies in depression – Webster Tarpley – View Video Here
Video: Letterman – Brian Williams On The Stock Market Collapse – View Video Here
(Fox) – Video: Ron Paul on FOX News – “This is a currency crisis” – Video Link Here
Video: Senate Sellout Threatens Ron Paul’s Audit the Fed Bill – View Video Here
(AFP) – Merkel blasts ‘treacherous’ banks in Greek crisis
German Chancellor Angela Merkel on Thursday slammed “treacherous” practices by banks during the Greek crisis and said governments must crack down on speculators hunting profits in the turmoil. Read More Here
(GlobalResearch) – The Global Economic Crisis, The Great Depression of the XXI Century – Michel Chossudovsky
The following text is the Preface of The Global Economic Crisis. The Great Depression of the XXI Century, Michel Chossudovsky and Andrew Gavin Marshall (Editors), Montreal, Global Research, 2010, which is to be launched in late May.
Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives. Read More Here
(C-SPAN) – Video: Ron Paul – Money Isn’t Worth What It Used To Be! – View Video Here
(Infowars) – Video: Bankers Laughing All the Way to the Bank
The ‘Audit the Fed’ bill has been watered down by Senator Bernard Sanders right at the last minute (a common strategy: pretend to be a populist, then at the last minute, the politician “gives in” in the spirit of compromise). The Audit the Fed bill could go to vote in the Senate any day now. View Video Here
(Infowars) – Video: Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones TV – View Video Here
(StraitsTimes) – Romania braces for austerity
ROMANIA braced on Friday for a wave of protests after the president unveiled austerity cuts in public sector wages and pensions to meet a deficit target set by the IMF and avoid a Greek emergency scenario. Read More Here
(CNSNews) – Sen. Shelby: Financial Reform Violates Privacy
Sen. Richard Shelby (R-Ala.), senior Republican on the Senate Banking Committee, said that provisions in the new financial regulatory bill violate privacy rights by allowing the government to collect any financial information it wants from any financial institution it wants. Read More Here
(GlobalResearch) – Economic Slash and Burn: Greece’s Deadly Austerity Measures
The Greek government, and its citizens, are feeling the economic pinch. A brutal reaction to protestors who fear the winding back of the country’s social system has stunned visitors and the public alike. A general strike has been in progress that has crippled schools, hospitals, airline flights and ferries. Protestors have swarmed around the central square in front of Parliament. Read More Here
(USAWatchdog) – The Canary is Dead
In the early days of coal mining, canaries acted as a warning that odorless poisonous gas was present. If there was a dangerous gas build-up, the canary would be the first to keel over. You can use the “canary in a coal mine” metaphor to describe the situation in today’s financial world. Greece is the canary. Read More Here
(BusinessInsider) – The “Real” Unemployment Rate Jumps To 17.1%
The BLS’s U-6 number, which is sometimes called the “real” unemployment rate, because it takes into discouraged workers who aren’t looking for work ticked up in April from 16.9% to 17.1%. Read More Here
U.S. regulators plan to examine whether securities professionals triggered yesterday’s stock- market plunge or exploited the turmoil to profit illegally, two people with direct knowledge of the matter said. Read More Here
(Xinhua) – Greek protesters encircle parliament as new austerity measures approved
Tens of thousands of Greek citizens marched in the center of Athens on Thursday afternoon, encircling the parliament building, while inside the bill on the new austerity measures was approved. Read More Here
(BusinessInsider) – Amazing Audio From The S&P 500 Pits As The Market Goes Into Complete Collapse – Audio Link Here
(PrisonPlanet) – Audit the Fed Amendment Modified – Allows Fed To Keep Secrets
Ron Paul just posted the following message on Facebook:
Ron Paul: “Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His “compromise” is what the Administration and banking interests want: they’ll allow the TARP and TALF to be audited, but no transparency of the FOMC, discount window operations or agreement with foreign central banks. We need to take action and stop this!”Read More Here
(Neithercorp) – Economy Kept On Life Support While Global Governance Is Organized
While the mainstream media puts on the recovery song and dance, the fundamental problems of the collapse remain the same, and in some cases are growing ever more precarious. Subsections of the public, unaware of the real issues at hand, are holding a misguided jubilee in the tranquil eye of a hurricane, wrongly assuming that the storm has passed. Read More Here
(FireDogLake) – As Dow Swings, Obama To Come Out Against Audit the Fed Today – Read More Here
(Bloomberg) – Video: Marc Faber On Dow Plunge
“The governments are all bankrupt and they can only survive by printing money” – View Video Here
(PaulWatson) – EU Is Collapsing Like Tower Of Babel
(Cumber) – “At its current leak rate of 5,000 barrels of oil per day, the spill could surpass the size of the 1969 Santa Barbara spill by next week. If the leak cannot be contained, it could exceed the size of the 1989 Exxon Valdez oil spill off Alaska by mid June.” Paul Harrison, Environmental Defense Fund
Three scenarios lie ahead. They rank as bad, worse, and ugliest (the latter being catastrophic and unprecedented). There is no “good” here. Read the rest of this entry »
Greenspan: Ignore The Economy, “Only The Stock Market Matters”
* Is our collective memory that compromised by MSM no-mind/spoon-fed pablum/propaganda, that we don't remember this minion of Zion, being purportedly 'clueless' as to how? the '2008 Bankster-Meltdown' bit him on the ass?!? & his consequent hurried exit from the 'stage'
...He's like a bad sme...
All Americans Will Receive A Microchip Implant in 2013 Per Obamacare
The RFID program was changed to 2017, thank God.
With the Stroke of a Pen: Obama Moves to Ban Sale and Manufacture Of Semi-Automatic Weapons
And the Americans wills set there,and set there,ans set there,and ask their wife to get them a beer while watching Swamp People.We must keep our priorities in order,ya know!
