(WashingtonsBlog) – The Big Banks “Would Just About Break Even In the Absence of Corporate Welfare”

The government has propped up the big banks for years through massive, never-ending bailouts and subsidies.

Bloomberg noted last year that 77% of JP Morgan’s net income comes from government subsidies.

Bloomberg reported yesterday: Read the rest of this entry »

(SoundofHeart) – People wail, cry, and question why him /her, how could this happen to a child? Immeasurable grief.

Yet the answers are quite clear: humans are unknowingly exposed to far too many chemicals on their food, in their water, their clothes – even when buying a new car. That new car smell? Major cancer causing chemicals that have been used to treat the new leather and the rugs in that new car. And people get in and snort it like they smelled a bouquet of flowers. Read the rest of this entry »

(PaulWatson) – Global revolt against deadly vaccines spreads as cases of debilitating illnesses, soft-kill side-effects and even instant deaths become widespread

Cases of debilitating illnesses, soft-kill side-effects and even instant deaths as a result of vaccinations across the world are skyrocketing as the cover-up of deadly inoculations implodes and more people than ever become suspicious about what they are being injected with by health authorities who have proven they cannot be trusted. Read the rest of this entry »

(ThePeoplesVoice) – It shouldn’t surprise because no one gets the top job or any government position of power unless they’re safe, yet, naively, most people thought Obama was different. Many still do.
As a candidate, he promised change, a new course, sweeping government reforms, addressing people needs, and “ensur(ing) that the hopes and concerns of average Americans speak louder in Washington than the hallway whispers of high-priced lobbyists” – the same ones who bought and now own him. He promised peace and delivered war; real health and financial reform, not same old, same old; help for millions losing jobs, homes, hope and futures, not handouts to Wall Street and other industry favorites; regulatory oversight, not the usual incestuous government-industry ties, making disasters like in the Gulf possible, and when they happen conspiring with offenders in coverup, distortion, lies, and a total disregard for the environment, wildlife, and way of life for thousands – let alone permanent damage to a vital ecosystem. Read the rest of this entry »

(Infowars) – Perhaps you have noticed that frequently the largest and most extravagant buildings in most cities (and even small towns) are banks. It’s fascinating how banks make money off interest, which is one of the most lucrative businesses known to man. While most businesses build a product or provide some kind of service involving manual labor or specialized knowledge, banks make enormous profits through the seemingly magical practice of lending people money and collecting interest on the loans. Read the rest of this entry »

(May 4) – Video: Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones Tv – Part 1 Here – Part 2

(CNNMoney) – More than 80% of school districts to cut jobs – Read More Here

(LATimes) – Plunge in state revenue dashes hopes of an easy budget fix

Legislators were hoping revenue would continue to exceed projections, forestalling deeper cuts and further tax hikes. But April’s total was 30% below what was expected, leaving them with few options. Read More Here

(MyBudget360) – Middle class getting pushed into poverty and working poor status – The cloaked recovery for the middle class. How 30 percent of the poor are unemployed

Over 6.5 million of the 15 million unemployed Americans have been out of work for 27 weeks or more. As a percent, this is the highest number of long-term unemployed we have had since the Great Depression. Read More Here

(LRC) – The Rich Continue To Use Government To Cut Out Their Competition – Read More Here

(Guardian) – Greek protesters storm the Acropolis

World markets plunge over fears that Greece’s economic crisis will spread to other countries despite austerity measures Read More Here

(Taragana) – Goldman Sachs pays $450K to regulators who say it violated stock short-selling rule

The case involving Goldman’s stock-trading business is unrelated to the SEC’s civil fraud charges filed against the firm last month over mortgage securities transactions it arranged. Goldman has denied the allegations in that case and said it will contest the charges in court Read More Here

(InfoClearingHouse) – Bernanke’s Biggest Bailout – Mike Whitney

The right-wing think-tank, the American Enterprise Institute, is helping the Federal Reserve to develop a strategy to transfer $1.25 trillion in toxic mortgage-backed securities (MBS) and non performing loans onto the public’s balance sheet. Although it’s unknown whether Fed chair Ben Bernanke will act on the AEI’s recommendations, it does show that the Fed’s Quantitative Easing program (QE)–which moved the bulk of garbage assets from the banks to the Fed’s balance sheet–poses long-term problems that will need to be addressed. Bernanke never intended to keep these assets any longer than necessary. Now he is actively exploring options for getting rid of them. Read More Here

(WSJ) – Congress Members Bet on Fall in Stocks

Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows. Read More Here

(AmericanThinker) – The Dollar’s Inevitable Demise

In its first midsession review, the White House Office of Management and Budget estimated that at the end of 2010, the national debt will breach the $14-trillion mark. This means that America’s sovereign debt will be soon equal to the annual output of our economy. In other words, our national debt will shortly reach 100 percent of GDP. History and experience show that most governments that assume such levels of debt are ultimately not able to contain them. In most cases, this kind of situation eventually leads to the disintegration of the country’s monetary regime and the collapse of its currency. Read More Here

(ForexCrunch) – Rumor: Spain will ask for 280 billion euros of aid money – Euro plunges

A rumor that Spain will ask for 280 billion euros of aid money in order to deal with its debt is running in the past few hours in trade rooms. This is what’s bringing down the Euro. Read More Here

(Bloomberg) – Video: Marc Faber on Bloomberg – China’s Economy May Crash in Next 12 Months

Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg’s Haslinda Amin about the outlook for China’s economy. Faber, speaking from Hong Kong, also discusses Greece’s debt crisis and the euro, the commodities market, and the implications of political unrest in Thailand for the nation’s economy and stock market. View Video Here

Surprise! Obama Was Top Recipient of BP Donations in 2008

Of course the $71,000 Obama received from BP is chump change compared to what he got from Goldman Sachs, so don’t expect him to be returning any of it. Nor should you expect any of his media lapdogs to mention his BP connection. Read More Here

(BusinessInsider) – Guess Who’s Paying For The Greece Bailout? That’s Right — YOU

The bailout outrages never stop.

Of the 110-billion Euro Greece bailout, 30-billion (approx $40 billion) will be paid for by the IMF. Read More Here

(PRNewsWire) – Bottoms Down: Hotel Profits Decline Record 35.4 Percent According to PKF Report

According to survey results in the recently released Trends® in the Hotel Industry report issued by PKF Hospitality Research (PKF-HR), the average U.S. hotel suffered a 35.4 decline in profits in 2009. This is the greatest annual fall-off in the bottom line since PKF-HR began tracking the industry in the 1930s. Read More Here

(RussiaToday) – Video: Keiser Report meets Schiff Report

This time Max Keiser and co-host, Stacy Herbert, look at the scandals of President Bill Clinton’s skepticism on Goldman charges; the TARP watchdog’s handcuffs for Timmy Geithner; and the continuing ‘ratings surveillance’ payments to credit rating agencies for defaulted CDOs too complicated to unwind. In the second half of the show, Max interviews Peter Schiff, who is running for the Republican nomination for US Senate for Connecticut, about debating Greenspan, revaluing yuan and regulating that which is already illegal. View Video Here

(Fox) – Video: Freedom Watch – Rising Awareness On Rising Debt

A new campaign to defeat the debt puts the issue on the forefront Read the rest of this entry »

(RussiaToday) – This time Max Keiser and co-host Stacy Herbert look at the scandals of financial crisis show trials in America; Citigroup alleges they could not possibly have predicted the collapse of a very obvious housing bubble; and former Fed Chairman, Alan Greenspan, tells the show trial commissioners that the financial world is far too complex for mere mortals. In the second half of the show, Max talks to economist Dean Baker about Citigroup’s alleged profits. Read the rest of this entry »

(WashingtonsBlog) – Experts on third world banana republics from the IMF and the Federal Reserve have said the U.S. has become a third world banana republic (and see this and this).

Are they right? Read the rest of this entry »

(WashingtonsBlog) – Experts on third world banana republics from the IMF and the Federal Reserve have said the U.S. has become a third world banana republic (and see this and this).

Are they right? Read the rest of this entry »

(Datensatz) – This was my Saturday’s lyrics to breakfast in sunny Bangalore: Monsanto has decided to tell the truth about something: its technology doesn’t work!, reports The Hindu. I’m going to need a second cup of chai to digest this, Monsanto speaking honest!? Indian farmers and scientist have been seeing this in their Bt cotton fields for a few years: pests become resistant to Monsanto’s genetically engineered toxins and thus farmers apply huge amounts of pesticides. Monsanto has always denied this, has the recent massive rejection of its Bt brinjal in India woken up its senses? Read the rest of this entry »

(KrugmanInWonderland) – The Most Bizarro Health “Reform” Arugment: ObamaCare Will Cut the Deficit

Is Paul Krugman an economist or a political operative? Seven years ago, I said it was the latter, and nothing Krugman has written since then has changed that opinion. In this blog post, Krugman once again exposes himself as the politically-partisan shill that he has become. Read More Here

Spiegel: 2009 swine flu pandemic a boost for Big Pharma/R. C. Camphausen

Those who suspected a money- and greed-driven conspiracy behind the 2009 swine flu outbreak – declared a pandemic by overzealous WHO officials and their advisers from within the industry – are being proven right by recent revelations in Der Spiegel. Read More Here

Video: The Best investment opportunity in 30 years Silver – Investment Tips – Video Link Here

(PressTV) – Anti-Berlusconi strike paralyzes Italy

Italy has been hit by a nationwide worker strike following a call by the country’s largest trade union, which has protested at Rome’s economic and immigration policies. Read More Here

(SmirkingChimp) – United States of Foreclosures: How ‘Bankquakes’ Shake People from Their Homes

The financial crisis started as a housing bubble with the financial industry convinced that home values never fall. How wrong they were even as they leveraged and securitized their investments to create a global crisis. Read More Here

(RealNewsNetwork) – Video: Wars sending U.S. into ruin

Eric Margolis: Obama the peace president is fighting battles his country cannot afford View Video Here

(DailyMail) – UK taxpayer ‘WILL pay tens of billions of euros for Greek rescue’

The UK taxpayer could still end up forking out for the bailout of debt-stricken Greece despite Treasury assurances, politicians warned last night. Read More Here

(DailyBreeze) – Report: One-fourth of welfare payments go to illegals

Nearly one-quarter of state welfare payments and food stamps issued in Los Angeles County go to children whose parents are in the U.S. illegally, according to January figures released today. Read More Here

(FT) – Alleged Tarp fraud at The Park Avenue Bank [UPDATED]

Watch this space: at 1pm ET on Monday, Tarp overlord Neil Barofsky will discuss the arrest of one Charles J Antonucci Sr, the former president and chief executive of the (failed) Park Avenue Bank in New York. Read More Here

(WSJ) – Maryland’s Mobile Millionaires

Illinois Governor Pat Quinn is the latest Democrat to demand a tax increase, this week proposing to raise the state’s top marginal individual income tax rate to 4% from 3%. He’d better hope this works out better than it has for Maryland. Read More Here

(MCall) – Recession hitting returning vets hard

Despite skills acquired, those who served have higher unemployment rate than that of the general population. Read More Here

(Time) – China Takes Aim at the U.S. on Currency Conflict

At one moment during Chinese Prime Minister Wen Jiabao’s press conference on Sunday, it was easy to confuse whom he was criticizing when he denounced efforts by some countries to lower the value of their currency to boost trade. Read More Here

(Mirror) – Cabin crew strikes will ‘kill’ British Airways

British Airways could go bust if cabin crew strikes go ahead, Transport Secretary Lord Adonis warned yesterday. Read More Here

(Bloomberg) – U.S., U.K. Move Closer to Losing AAA Credit Rating

The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service. Read More Here

(Examiner) – Smedley Butler (and here) was the most honored man in Marine Corps history. He wrote and spoke that the purpose of US wars is millions and billions in profits for America’s leading “bankers, industrialists, and speculators.” War is a “racket:” a deception whereby its purpose of blood money from American taxpayers to “insiders” is always disguised as noble and necessary ventures to keep Americans propagandized into paying again and again. Read the rest of this entry »

(AntiFascistCalling) – The Obama administration is seeking to increase the obscenely bloated U.S. Defense Department budget to a whopping $708 billion for fiscal year 2011, 3.4% above 2010′s record level, The Wall Street Journal reported. Read More Here

(SteveWatson) – A scientist with the World Health Organisation has testified, during ongoing hearings in Strasbourg, France, that the swine flu pandemic was part of an overblown “angst campaign”, devised in conjunction with major drug companies to boost profits for vaccine manufacturers. Read the rest of this entry »

(Examiner) – Joseph Stiglitz understands half the US economic disaster when he explains current policy is “no way to run an economy that’s going to work,” “there’s moral hazard everywhere,” and newly-invented and unregulated financial markets have only increased risk, not decreased it. Read More Here

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

(WSWS) – European bankers are demanding that countries on the brink of national bankruptcy impose brutal austerity measures on their populations. Read the rest of this entry »

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

Are you angry about Wall Street’s reckless excesses? Are you disappointed with President Obama’s limp approach to reform? You can change this, acting individually and collectively. Withdraw your deposit and savings accounts from the large banks that brought the system to ruin and were subsequently rescued with billions in government bailouts. Put your money instead in smaller, safer banks or credit unions closer to home–the thousands of community institutions that do not harvest their profits from greed and recklessness. Read the rest of this entry »

(WashingtonsBlog) – As everyone knows, the economy cannot permanently recover and truly stabilize until the giant banks are broken up. The top independent experts agree that the “too big to fails” are a drain on the economy and put the entire system at risk. Read the rest of this entry »

Max Keiser talks to Stacy Herbert about how JP Morgan Chase makes more money when more people are forced to use food stamps swipe cards
recorded on January 9th, 2010 Read the rest of this entry »

(NaturalNews) – 2009 has been a crazy year for health and medicine. It was the year that Congress rammed through a mandatory health “reform” bill that violates the U.S. Constitution in forcing all Americans to buy government-mandated products and services from greedy corporations. Although it hasn’t been signed into law yet, the very fact that it has been passed by both the House and the Senate is alarming: America is just one signature away from becoming a medical dictatorship. Read the rest of this entry »

British economist John Maynard Keynes, believed in capitalism, but he was also sharply critical of its structural flaws. He summed it up succinctly like this:
“Our analysis shows… that long-run development is not inherent in the capitalist economy. Thus, specific ‘development factors’ are required to sustain a long-run upward movement.”
Read the rest of this entry »

Dr. Benjamin Rush, a signer of the Declaration of Independence, is quoted as warning two centuries ago:

“Unless we put medical freedom into the Constitution, the time will come when medicine will organize into an underground dictatorship. . . . The Constitution of this republic should make special privilege for medical freedom as well as religious freedom.”

That time seems to have come, but the dictatorship we are facing is not the sort that Dr. Rush was apparently envisioning. It is not a dictatorship by medical doctors, who are as distressed by the proposed legislation as the squeezed middle class is. (For a withering analysis by an outraged M.D. of the nearly 2000 – page House bill, see here.) The new dictatorship is not by doctors but by Wall Street — the FIRE (finance, insurance, and real estate) sector that now claims 40% of corporate profits. Read the rest of this entry »

(Times) – Millions of people face a second year of pay freezes or salary cuts next year, dashing hopes that the end of the recession will ease the squeeze on family budgets. Read the rest of this entry »

One of the most powerful forces in human psychology is the force of habit. Consistency, apathetic comfort, ties men to the ocean bottom to squeeze every ounce of oxygen from their last breath until it is gone, and we wake up at 50 or 60, only realizing then that we have done the same things and thought the same thoughts for decades without err. Repetition makes us easy to startle and easy to control. Any sudden break in daily routine can cause most people to freeze; animals gripped with terror at the very possibility of necessary individual action or adaptation. Read the rest of this entry »

“How does it become a man to behave toward this American government to-day? I answer that he cannot without disgrace be associated with it.” — Henry David Thoreau
To me, this quote from Thoreau expresses the only rational, moral and humane stance that a citizen can take toward the vast and brutal machinery of the American imperial state in our time. The crimes of this state are monstrous, and mounting. But what is worse is that these crimes are not aberrations; they are the very essence of the system — they are its goal, its product, its lifeblood. Read the rest of this entry »

From the mainstream press we read, “As scientists confirm the earth has not warmed at all in the past decade, others wonder how this could be and what it means for Copenhagen. It will be a very cold winter of discontent for the warm-mongers. The climate show-and-tell in Copenhagen next month will be nothing more than a meaningless carbon-emitting jaunt, unable to decide just whom to blame or how to divvy up the profitable spoils of climate change hysteria. Read the rest of this entry »

Wars reduce the GDP, destroy jobs, reduce productivity, and increase the trade deficit! If wars are ‘bad’ for the economy, then how are they sold so easily? The quick response: they are sold with focus group tested bullshit! Read the rest of this entry »

Evidence that the US is a failed state is piling up faster than I can record it.
One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests. Read the rest of this entry »

Today was an amazing beginning for us. Not just the beginning of the three day protest against the American Bankers Association (ABA) conference, but the beginning of the end for business as usual on Wall Street. The big banks heard loud and clear tonight that taxpayers are fed up with them taking our money and using it to pay themselves outrageous profits and lobby against financial reform. Read the rest of this entry »

Russia Today – October 17th, 2009 Read the rest of this entry »

(MSNBC) – Dylan Ratigan explains in detail how Goldman Sachs has made a fortune from the taxpayer money they received from their buddies at the Treasury and the Fed and paid absolutely none of it back to the American taxpayers. Read the rest of this entry »

Netting $2.5 billion in profits last year wasn’t enough for WellPoint, the nation’s largest insurance company. Now, WellPoint’s affiliate, Anthem Blue Cross and Blue Shield, is suing the state of Maine for refusing to guarantee it a profit margin in the midst of a painful recession. Read the rest of this entry »

(C4L) – Earlier this year, I predicted that the 2009 rally in U.S. stocks could bring the Dow Jones Index as high as 10,000. It looks like that level has been achieved. If, at this point, the index reverses course, I would have made a fairly good prediction. Read the rest of this entry »

Pharmaceutical industry more than doubles its money as a consequence of the H1N1 scam Read the rest of this entry »

(CNN) – JPMorgan Chase’s profits increased more than six fold in the latest quarter, the company said Wednesday, allowing the bank to handily beat Wall Street estimates. Read the rest of this entry »

(DailyMail) – City bank Goldman Sachs is expected to confirm tomorrow that bonuses will smash all records in 2009, just a year after the Government rescued the financial system from oblivion. Read the rest of this entry »

(DailyMail) – City bank Goldman Sachs is expected to confirm tomorrow that bonuses will smash all records in 2009, just a year after the Government rescued the financial system from oblivion. Read the rest of this entry »

(JPost) – Iran’s central bank governor says the country gained “big profits” by shifting its foreign currency reserve basket from the US dollar to the euro. Read the rest of this entry »

(JPost) – Iran’s central bank governor says the country gained “big profits” by shifting its foreign currency reserve basket from the US dollar to the euro. Read the rest of this entry »

One hard lesson we should have learned after Wall Street’s collapse and the government’s handling of the bailout is that there is no reason, whatsoever, for us to sacrifice our good faith and trust in former bankers who now run the Treasury and Federal Reserve. And now as the flu season gets ready to kick off amidst much fanfare and predictions of doom due to a new H1N1 influenza virus, there is emerging sufficient information to raise very serious doubts whether our nation’s health authorities are truly serving the public health instead of commercial interests. Read the rest of this entry »

“Capital is dead labor, which, vampire-like, lives only by sucking living labor, and lives the more, the more labor it sucks.” Karl Marx
If Karl Marx and V. I. Lenin were alive today, they would be leading contenders for the Nobel Prize in economics. Read the rest of this entry »

(BobChapman) – The G-20 Pittsburgh Summit ended last Friday. Their official statements made for some novel and interesting reading. Read the rest of this entry »

(C4L) – In the private sector, there is always a test of success. The business must make a profit. It can sustain some losses but the clock is always running on those. At some point, after all cuts have been made and costs are trimmed to a minimum, the business has to close shop. The summer of losses must become the autumn of profits, or else it’s all over. Read the rest of this entry »

(RedIceRadio) – David Icke joins us to talk about the Swine Flu, Mass Vaccinations, the Corruption in the Pharmaceutical Industry, Nanochips in Vaccines, the G20 meeting in Pittsburgh and much more. Read the rest of this entry »

In December 14, 2008, in his interview on the CBS sixty minutes show, Whitney Tilson an investment fund manager predicted that the subprime collapse was only half way of the total real estate bubble, and that the second half will begin take place around 2010 and will continue until about the year 2013. Tilson also discussed the two fancy Wall Street terms for bad mortgages namely Alt-A (Alternative-A paper) and option arms mortgages. These loans lured borrowers with teaser rates that will begin to reset this year. Read the rest of this entry »

(MSNBC) – Covering the D.C. march 9/12 – September 14th, 2009 Read the rest of this entry »

How Washington is screwing up health care reform – and why it may take a revolt to fix it Read the rest of this entry »

Forward this video to your friends and watch all the videos at – www.sickforprofit.com
CIGNAs Edward Hanway spends his holidays in a $13 million beach house in New Jersey. Meanwhile, regular Americans are routinely denied coverage for the care they need when they need it most. Read the rest of this entry »

Americans, particularly ones from the middle class, need to realize that there are no core entitlements imparted by their government representatives, nor any other sources. They have none and should adjust their expectations accordingly. Read the rest of this entry »

The New York Times published a pretty creepy article on Saturday (September 5th). The article focuses on Wall Street’s new plan to make money. What’s so bad about Wall Street making money? Read the rest of this entry »

Lenin once said that capitalism would ultimately undo itself, because the entrepreneurs would gladly sell the rope with which they would later be hanged; they’d be too busy counting the profits to see the noose tightening around their necks.  Well, somebody is choking right now, but it’s not the “capitalists”. Read the rest of this entry »

(NaturalNews) – Vaccines are the quackery of modern medicine. Mass vaccination programs not only fail to protect the population from infectious disease, they actually accelerate the spread of disease in many cases. Read the rest of this entry »

Note: The introduction to the following news report is in Swedish. The interview with the scientist is conducted in English. Read the rest of this entry »