The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Monday, October 31, 2011

The 10 major reasons why the elite hold disdain for the common man

The Economic Collapse blog did a wonderful comparison of 10 reasons why the 1%ers have a such a disdain and disgust for the other 99% of Americans.  The following stories, topics, and links show that underlying riots taking place with the Tea Party and Occupy groups are not simply fly by night affiars, but a growing schism that will not end quickly.

#1 According to an article in The New York Times, poor families that lost their homes to foreclosure were openly mocked during a Halloween party thrown by the law firm of Steven J. Baum. This particular law firm represents many of the largest mortgage lenders in the United States....
#2 To many on Wall Street, the OWS protests are one big joke. In fact, Wall Street executives have been spotted sipping champagne while watching the Occupy Wall Street protests from their balconies.

#3 In response to the Occupy Chicago protests, signs were put up in the windows of the building where the Chicago Board of Trade is located that spelled out this sentence: "We Are The 1%".
#4 Many columnists for major financial publications have had no fear of mocking the Occupy Wall Street protesters.

#5 Instead of attempting a balanced report on the Occupy Wall Street protests, Erin Burnett of CNN openly made fun of them during a recent broadcast. After being a stalwart on CNBC for so many years, Burnett has very close ties to Wall Street and apparently she does not like anyone criticizing her friends. You can see video of Burnett mocking the Occupy Wall Street movement right here.

#6 Barack Obama continues to mock the poor by telling them to cut back on vacations and little luxuries like going out to eat while at the same time sending his own family out on incredibly expensive vacations.

#7 Republican presidential candidate Herman Cain recently declared that anyone that is unemployed or poor in America should only blame themselves....
#8 Sometimes our politicians are so insensitive that it is almost hard to believe. In an interview with George Stephanopoulos of ABC News while she was still the Speaker of the House, Nancy Pelosi stated that we need poor people to have less children because it costs the government so much money to take care of them....
#9 Warren Buffett has some interesting observations on class warfare. He is one of the few wealthy Americans that is willing to say what everyone else is thinking. Back in 2006, Buffett was quoted as saying the following in an article in The New York Times....
“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
#10 Every single day, our "representatives" in Washington D.C. are living the high life at our expense. It is amazing that out of the entire population of the United States, we continue to overwhelming elect rich people to Congress. As I noted in a recent article, more than half of all the members of Congress are millionaires, and the median wealth of a U.S. Senator in 2009 was 2.38 million dollars.– The Economic Collapse

Recipe for bankruptcy: Hire Jon Corzine to run your state or business

MF Global, a worldwide bond clearing house, declared bankruptcy today and it has sent shockwaves through the equity and bond markets.

However the most interesting thing about this failed business is who was running the show... ex New Jersey Governor Jon Corzine, who was ousted from office for incurring massive debts in the state, and nearly bankrupting it as well.

So the moral of the story is... if you want to turn your business or government agency into a bankruptcy candidate, just hire the dumbest man in the room, Jon Corzine, and it will happen in just a few short years.

On a side note... you wonder why CNBC has not really covered this major event?  Because MF Global appears to OWE the media station cash!  The hypocrisy of unbiased journalism, especially in the business realm.

Full bankruptcy filing attached below, where we find that in addition to owing JPM and Deutsche Bank $1.2 billion and $1 billion respectively, as bond trustees, the 7th biggest unsecured creditor with $845,397, is... CNBC? Perhaps that explains the objective reporting the Comcast station has provided on the topic of MF over the past several weeks, considering the caliber and quality of guests invited to opine. - Zerohedge

Oh... and the reward for bankrupting a company?  Try 12.1 million dollars, as this appears to be the golden parachute for Corzine who left as the shite hit the fan.

Sunday, October 30, 2011

Here it comes... Europe begging the US for a bailout

Now that the Hopium of a Greek bailout is over, and the reality that the troika accomplished very little to save the Euro and Euro Zone, the next little piig(gie) is going beyond the ECB for help, and instead is looking for the US to provide the bailout.

Now it is Portugal's turn. Reuters reports that "Portugal asked Mexico on Saturday to tell fellow G20 members next week that the United States should offer "financial help" to resolve the euro zone sovereign debt crisis, describing it as a "systemic and global" problem, a Portuguese government source said." Of course, the "US" is a clear proxy for "everyone else" – Reuters via Zerohedge
Hey... we knew this was coming.  Now the question will be, will the Congress allow 2008 to comes again, and have taxpayers bailout European banks AND nations, or will the Fed be the one to step on, assuring an inflationary landscape that will create more turmoil than just Occupy Wall Street.

Thursday, October 27, 2011

Peter Schiff vs Occupy Wall Street: A story of logic against ignorance

One of the biggest arguments agains the Occupy Wall Street protesters is that they scream and yell and when interviewed, have no solutions beyond the chanting of marxist slogans.  "Tax the rich" "Take from the rich" "Pay their fair share" etc...

But in the end, not only do they have no solutions, they are extremely ignorant of how the system works, and as Peter Schiff proves in an interview yesterday with members of Occupy Wall Street, most of them are simply looking to blame everyone else for their failed lives or failed businesses.

(Courtesy of Obamaworstpotusever)

The quote of the day by Peter Schiff... How many people do YOU employ?  And of course, the answer was a resounding silence.

Wednesday, October 26, 2011

Big brother on your street corner: Homeland Security to put monitors on streetlights

In V for Vendetta, the tyrannical government used roving vans with sound and monitoring equipment to 'see' into everyones homes, and pick up all conversations to use in creating government policies.

In real life though, the Department of Homeland Security is taking a different step by implementing a new policy where they will instal several different types of monitoring equipment into new street lights.

New street lights that include “Homeland Security” applications including speaker systems, motion sensors and video surveillance are now being rolled out with the aid of government funding.

The Intellistreets system comprises of a wireless digital infrastructure that allows street lights to be controlled remotely by means of a ubiquitous wi-fi link and a miniature computer housed inside each street light, allowing for “security, energy management, data harvesting and digital media,” according to the Illuminating Concepts website.
According to the company’s You Tube video of the concept, the primary capabilities of the devices include “energy conservation, homeland security, public safety, traffic control, advertising, video surveillance.”

In terms of Homeland Security applications, each of the light poles contains a speaker system that can be used to broadcast emergency alerts, as well as a display that transmits “security levels” (presumably a similar system to the DHS’ much maligned color-coded terror alert designation), in addition to showing instructions by way of its LED video screen.

The lights also include proximity sensors that can record both pedestrian and road traffic. The video display and speaker system will also be used to transmit Minority Report-style advertising, as well as Amber Alerts and other “civic announcements”.

With the aid of grant money from the federal government, the company is about to launch the first concept installation of the system in the city of Farmington Hills, Michigan.
*Note... the original video was taken down by the originator, but you can hear more on this program by watching parts one and two from Alex Jones.

Part 1
Part 2

It appears that the next step of government control over citizens has been implemented, and the question for the public now is, who will have access to this information, how will it be used, and are we more safe in the dark than we would be in the light?

Gold meet inflation as prices climb over $1700 an ounce

Over the past 30-45 days, gold, silver, and most metals have been given a fine haircut by the markets, and especially the Hedge Funds who needed to sell off to cover positions in the equity markets.

Over the past 3 days however, gold, silver and copper have rebounded strongly in the face of the Euro and US debt crises.  The reason?  Inflation.  And the cause assuredly is tied to a sudden influx of dollars by the Fed in certain 'programs' that have been achieved under the table, and outside the mainstream processes.

The growing risk now is that in a desperate attempt to solve the crisis, bankers and bureaucrats in the EU, US and elsewhere are practicing an extreme form of financial alchemy which risks stagflation and possibly in a worse case scenario hyperinflation.
Monetary economics and history shows that there will be costs and ramifications for the creation of billions and trillions of euros, dollars, pounds, yen and other fiat currencies. – Goldcore via Zerohedge
Chart courtesy of Zerohedge

Already this morning, gold is up $13.50, and there events in Europe are far from being resolved.

Even Occupy Wall Street Protesters are not immune to someone wanting what they have

The most ironic thing about human existance is that no matter how little you have, there will always be someone else who wants to take it from you.  This is what is happening now in several cities where the Occupy Wall Street crew is camping out, and because they being funded by certain members of TPTB, their food and supplies are now being targeted by...

Occupy Homeless Shelter vagrants.

"It's turning into us against, them," says a 36-year-old Occupy Boston protester quoted by the Boston Herald's Howie Carr. Wait, wasn't that the idea? Not exactly. It turns out that when he says "them," the guy is referring not to billionaire Jewish bankers but street vagrants. "They come in here and they're looking at it as a way of getting a free meal and a place to crash, which is totally fine, but they don't bring anything to the table at all."
The same is true in New York, where, according to the Daily News, "Zuccotti Park has become a haven for the homeless," who are abandoning shelters and camping out at the park, "enticed by the allure of free food and a community of open-minded people." But as in Boston, open-mindedness goes only so far. "We have compassion toward everyone. However, we have certain rules and guidelines," says Lauren Digioia, 26, who belongs to the "sanitation committee":
"If you're going to come here and get our food, bedding and clothing, have books and medical supplies for no charge, they need to give back," Digioia said. "There's a lot of takers here and they feel entitled." – Washington Times

It's classic Marxism at its finest.  Steal from the rich... for yourselves, but screw those who want what you have.

Monday, October 24, 2011

David Icke gives important information to the Occupy movement protesters

Davd Icke has put together a video interview asking the important question of Occupy Wall Street protesters.  Do you know what you are protesting for or against?

The Occupy movements, which have been growing around the country after the initial Occupy Wall Street protests began, have exceedingly culminated in one unanswered question.  What is the purpose of the protest?

Many protesters who have been asked by the media cannot, and have not given a real, viable answer as to why they are there.

So David Icke has created this to try and help Occupy Wall Street, and any other protesters of our current financial system, to understanding who exactly is the enemy, and what the end goal purpose should be for taking the time to rant against the machine.

Thursday, October 20, 2011

Tax the rich until they are penniless... and it still wouldn't cover the budget for 1 year

Class warfare has little to do with revenue collection, but more with political and Machavellian doctrines.  Our politicians in Washington, especially liberals like Harry Reid, Nancy Pelost, and Barack Obama who are advocating a tax the rich scheme to pay for their social programs have done little, zip, nada research to see just exactly what would happen if we taxes and even confiscated the wealth of the rich in America.

Even the poor people of the Occupy Wall Street revolution, who themselves are being fed gourmet food in New York City, do not have a clue as to what they are protesting against.

This fantastic video shows just how inane the argument is, and that the reality of the situation isn't a revenue problem, but a spending problem in Washington.

The price of Catholicism could be a life... or 300,000 of them

In a shocking expose that ranks of all things could overshadow the pedophile priest scandals, it has been revealed that the Catholic church, along with the Spanish government, stole up to 300,000 newborn babies from their mothers, and trafficked them around the world to whom they considered 'better Catholics'.

Up to 300,000 Spanish babies were stolen from their parents and sold for adoption over a period of five decades, a new investigation reveals.
The children were trafficked by a secret network of doctors, nurses, priests and nuns in a widespread practice that began during General Franco’s dictatorship and continued until the early Nineties.
Hundreds of families who had babies taken from Spanish hospitals are now battling for an official government investigation into the scandal.
Several mothers say they were told their first-born children had died during or soon after they gave birth.
But the women, often young and unmarried, were told they could not see the body of the infant or attend their burial.
In reality, the babies were sold to childless couples whose devout beliefs and financial security meant that they were seen as more appropriate parents.  Daily Mail
To what price is it to be a follower of a religious denomination to have priests, nuns, and a pontiff determine whether you are worthy of possessing and raising a child?

Cash is no longer king... at least in Louisiana

Money is an article based on confidence, and our government and Federal Reserve pull out all the stops to try to ensure to Americans, and the world that the dollar is still worth its value.  However, in the state of Louisiana, the actual dollar bill no longer a viable currency to be used in second hand transactions, and cash is no longer king.

House bill 195 basically says those who buy and sell second hand goods cannot use cash to make those transactions, and it flew so far under the radar most businesses don't even know about it.
 "We're gonna lose a lot of business," says Danny Guidry, who owns the Pioneer Trading Post in Lafayette. He deals in buying and selling unique second hand items.
 "We don't want this cash transaction to be taken away from us. It's an everyday transaction," Guidry explains.
 Guidry says, "I think everyone in this business once they find out about it. They're will definitely be a lot of uproar."
 The law states those who buy or sell second hand goods are prohibited from using cash. State representative Rickey Hardy co-authored the bill.
 Hardy says, "they give a check or a cashiers money order, or electronic one of those three mechanisms is used."
 Hardy says the bill is targeted at criminals who steal anything from copper to televisions, and sell them for a quick buck. Having a paper trail will make it easier for law enforcement.
 "It's a mechanism to be used so the police department has something to go on and have a lead," explains Hardy. –

The Daily Economist is going to make its own speculation on this new law.  As people begin to lose trust in banks and the solvency of the financial system, more and more people will be seeking purchases or barter without the government putting their hands into their business, for recording or taxation purposes.
The economic crisis wasn't created by the people, but by the banks and government agencies.  Now the government of Louisiana doesn't want to own up to who is responsible, and instead will implement draconian laws on the people of the state for simply spending the valid and recognized currency of the country.

Value Investors Club issues a terminal short recommendation on Bank of America

Value Investors Club, or VIC for short, has come to the resounding conclusion that Bank of America is a terminal cancer patient, and offers up the following recommendation for the stock.

Terminal short the stuffing out of it.

The thesis summary is rather self-explanatory: "Bank Of America equity is worthless. CFC-related litigation is going from bad to worse, it can lead to violent erosion of shareholders' equity which. Combined with the run on the bank that has slowly begun, the $53 trillion in derivatives, the lack of sustainable competitive advantages and the depleting political influence, I believe this is a terminal short." - Zerohedge
Since Bank of America is expecting the Fed, FDIC and Taxpayers to soon bail out the dying giant, perhaps this recommendation is only fair for the public to get their pound of flesh before the too big to fail institution robs them blind.

Ireland's Paul Moran tries to make gold from his own sorcerer's stone

Alchemy has a long tradition of chemists, scientists, and even amateur hacks trying to change base metals into gold or other valuable elements.  But one man in Ireland took this to the extreme when he tried to use his own feces as a 'Harry Potter' type sorcerer's stone and turn it into gold.

Unfortunately, he failed to recognize that waste products naturally turn into fuel, not metal, and his actions helped create a fire that threatened his neighborhood.

A man from Northern Ireland has been jailed after an experiment in which he attempted to turn his own faeces into gold went wrong and started a fire in a block of flats.
Paul Moran will now serve three months in jail and a further 12 months on license after the failed experiment caused a fire at his Housing Executive home in Derrin Park, Enniskillen.
Moran admitted arson and endangering the lives of others in the fire, which reportedly caused over £3,000 worth of damage. – Yahoo News
We at the Daily Economist do not advocate people to aspire to such desperate measures in these difficult economic times, but perhaps the poor guy mistook a lavoratory for a laboratory.

Wednesday, October 19, 2011

Billionaire Steve Wynn's Rant on Obama, jobs, and the economy during Q3 Conference Call

Billionaire and Casino Mogul Steve Wynn spoke at his Q3 conference call to shareholders, and unequivocally blamed President Obama and his leadership (or lack of it) for the destruction of jobs and the economy.  Lack of direction and fear of Obamacare and regulatory impacts by the administration are the prime reasons why Wynn has chosen not to grow, and build upon his current holdings.

You can click here to listen to the entire conference call. 

Steve Wynn is apolitical, even telling investors he has supported more Democratic candidates then Republicans, but in the current financial and economic crises, there is no one to blame but the person in charge.

Insider reports the truth about the bias and death of main stream media

For years, conservatives have ranted at the obvious bias of the main stream media ignoring many stories, and providing baised propoganda for the liberal establishment in Washington.  All one has to do is remember Chris Matthews of MSNBC on Obama's election night to remember his famous words.

"It is my job to ensure that Obama succeeds."

As the destruction of the US grows economically, politically, and in all aspects of society accelerates, an insider to that very same media has finally spoken out on how they have failed America, and how that failure has led to death of the vaunted 4th estate.

Someday, cultural historians will look back on the early 21st century and speculate about what killed the credibility of America’s so-called liberal-media elite.
They will ask, Were the wounds self-inflicted or the product of a methodical plot?
Make no mistake about it. We did this to ourselves.
We’ve been out of touch with what people on the streets are thinking. The problem is twofold. We didn’t care to listen to them, and by the time we heard them we had missed the opportunity to break the story and inform the public. We were followers, not leaders.
To be objective — like everyone says the media ought to be, but seldom are — and blunt, let me post this simple question: Why should anyone believe us any more? - Marketwatch
The refreshing admission by an insider of the elite media shows just how powerful the alternative media and internet reporting is.  Americans all have an ingrained perspective, or bias themselves, and want to go to news sources that provide information they cannot find in the primary media.  That news used to be provided by the establishment, but no longer, as the death of mainstream media is forcing many in the old guard to look at themselves and realize their prostituting to money and political persuasion are the nails being driven into their own coffins.

The debt reality for the American people

A new study out shows that even with all the hoopla about Congress dedicating itself to cutting waste in Washington, federal spending is actually up 5% this year.

Meet the new bosses... same as the old bosses.

In fact, in the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show. That's an increase of almost 5%. And deficits during this time were $23.5 billion higher.
 These spending hikes haven't stopped many analysts from claiming that the country is in an age of budget austerity, one that's hurting economic growth. –
The thing is, little of that additional spending went to help the American people in any way.
Now, the IMF has issued a new chart on per capita debt, intrinsically tied to our government spending.  The chart shows that our debt is growing much faster than our GDP output, and it basically shows that the US has crossed the Rubicon of insolvency not only at the Federal level, but at the individual level as well.

Chart courtesy of the IMF via Zerohedge

Monday, October 17, 2011

New poll shows Americans blame Washington more than Wall Street for economic problems

Three years into the Obama presidency, and the American people are no longer falling for the 'blame Bush' mantra anymore.  In fact, in a recent poll by The Hill, 56% of Americans blame Washington, including Congress and the President, for the currency economic problems much more than they are blaming Wall Street.

Surely Obama is neither the first (nor last) to recognize that the scapegoating of a "minority" group (as the Wall Street "1%" clearly is) and use it as a catalyst for class warfare, is a historically very successful tactic. Well, while thousands of people may express their displeasure with their plight openly before the traditional symbols of Wall Street, it would appear that Obama is failing in his attempt at global diversion from the place where popular anger should truly lie: Congress, Senate, and of course, the White House, without whose (and by 'whose' here we clearly envision Tim Geithner, Hank Paulson and Ben Bernanke) blessings Wall Street would not exist in its current form. Yet it does, and many have figured that out. According to a brand new poll by The Hill, "in the minds of likely voters, Washington, not Wall Street, is primarily to blame for the financial crisis and the subsequent recession. - Zerohedge

The sad thing is... the leaders in Washington are so inept, even when the American people are ready to hang Wall Street Bankers (real and in effigy), politicians can't take advantage of it, and instead, become the primary targets on the economy.

Occupy Wall Street: Marine confronts NYPD for violence against unarmed Americans

It is amazing to think how our military puts their lives on the line in foreign countries while some sworn law enforcement accept money from banks and private corporations to inflict violence on unarmed American citizens for simply speaking their minds, and sharing opinions on what they perceive is wrong with the economic environment in our country.

Marine lambastes NYPD as cowards for inflicting violence on unarmed Americans.

And as for proof that some law enforecement agencies are bought and paid for in this debate?

This is from a press release by JP Morgan courtesy of The Intel Hub.

When people no longer have anything to lose, they lose it. - Gerald Celente

Global Debt Clock: 43 Trillion and counting

Many Americans have seen the websites that contain the National Debt Clock, and the US's over $14 trillion in debt.  Now we can add a new debt clock to the mix, only this one is a complete global debt clock, with a price tag of over $43 Trillion and growing.

Courtesy of the Economist

In 2009, the global GDP was $58.26 Trillion dollars.  So with the current global debt at $43 Trillion, the debt is now 74% of total GDP.

For countries like the US, their debt is 98-100% of GDP, making them insolvent.  At the going rate of debt rising internationally, the entire world will be insolvent within 3-5 years.

Is it any wonder we are seeing an Arab Spring, riots in Europe, and Occupy Wall Street?

Gold as money: China still buying gold in preparation for new global currency

If you rely upon the manipulators at the FED, CME, and CFTC who program Americans into believing that gold is not only a commodity, but a bubble that has reached its peak, then all you need to do is look outside the confines of the United States to realize that nearly every country East of Moscow believes gold is money.

New and recent charts show that not only is China buying gold in massive quantities as deflation drives down the price in the West, but they appear to be buying it in preparation for a new global currency to replace the dollar, and in their minds, that currency will be the Chinese Yuan.

CFTC data shows that hedge fund managers, large speculators and gold and silver traders increased their net-long position in New York gold and silver futures. Speculative positioning in the market remains at very low levels after sharp liquidation which suggests gold may have bottomed and should rise from these levels.
Hong Kong, the world's third-largest gold trading centre, has become the world's first place to offer gold trading in yuan, further positioning the yuan or renminbi as a potential global reserve currency.
Hong Kong’s Chinese Gold & Silver Exchange Society, a century old bullion bourse, has introduced gold trading quoted in Chinese yuan, making it more convenient for Chinese people and high net worth individuals (HNWs) holding yuan to invest in the precious metal and opening a new way to hedge.  Goldcore via Zerohedge

One year goldcore/bloomberg chart on Gold purchases in Yuan/Renminbi

So while Europe and the US burn under a new liquidity crisis, China is moving their chess pieces into position for the future.  And they see the future in a gold-backed Chinese currency, not the fiat dollar or Euro.

Business and job loss in America: mall vacancies growing

Those who simply read and rely upon government job and manufacturing reports will ignore the 'eye test' of simply driving down your city streets and watch as commercial property and strip mall vacancies continue to rise.

For every business that closes up, an estimated 5-100 jobs are lost, or removed from the economy.

Several economic indicators suggest it’s time for a Buggles revival: “Internet Killed the Radio Store.” The popularity of Internet shopping is having a considerable impact on the retail landscape; mall vacancies are at the highest level in measured history, big box stores are looking to reduce their footprints, and those selling book, electronics, and sporting goods are closing. During the third quarter, vacancies at regional and super-regional malls rose to 9.4 percent from 8.8 percent a year earlier and 9.3 percent in the second quarter, according to the New York-based property research company Reis. - Zerohedge

Courtesy of Reis Inc.

A few years ago, Best Buy competitor CompUSA closed down all of their Main Street stores and went solely online.  As more companies do this going forward, more jobs will be permanently removed from the system, and the ones that remain will be no different than the China sweatshops where workers assembly line packaging products for mailing and shipping.
The only solution for many Americans is to join the 4th wave of the economy.  Find a home business where you too can work from the internet, and not be reliant on a company to be your employer.  Otherwise, in today's world of shrinking main street businesses, you will find yourself unprepared for the paradigm shift.

Saturday, October 15, 2011

Occupy burning Rome: protesters set fires and bring violence to Italy

Rome is burning... only this time its not while Caesar fiddles.  In what started early this morning as a protest similar to the Occupy Wall Street crew, Italians fed up with their governments economic policies went to the streets, and shortly began 'burning down the house'.

Why civil rights leaders make bad politicians and economists

Civil Rights leaders in American are quick to scam bucks from the taxpayer to provide welfare and free largesse to their minority constituents.  The Democratic party has a history of passing massive legislation that has provided benefit after benefit to tens of millions of Americans for not working, or for having children.

So it should come as no surprise that the son of civil rights leader Jessie Jackson would propose a boondoggle of a welfare scam, paying $40,000 per person per year to all the unemployed in the US.

This proposal comes out to $800+ billion per year, and over $4 Trillion in just 5 years.

Rep. Jesse Jackson Jr. has offered his own $804 billion jobs plan that calls on the federal government to hire the nation’s 15 million unemployed Americans for jobs paying roughly $40,000 each, and bail out all the states and cities facing budget crises. - Fox News

But then again, that's Chicago politics for you.  Like Barack Obama, who was voted into office in the state of Illinois not by merit, but by finding scandals in his opposition, so to it appears Jessie Jackson Jr lacks the basic intelligence of simple math to realize that what he is proposing... make-shift work pay to 15 million for doing.... who knows what, and is the standard practice of progressives who rarely think before they speak.

"Socialism works until you run out of other peoples money" - Margaret Thatcher

Friday, October 14, 2011

Fed becomes primary purchases of US debt as foreign holders dump treasuries

The ramifications of Congress's recent censure of China for currency manipulation may be coming home to roost for the US Treasury.  As the primary money printer in the country issues its current bond report, a staggering $74 billion in US holding have been dumped by foreign interests in just the past 6 weeks.

as soon as the broader population understands what has transpired, concerns about the reserve status of the greenback will start to resurface, precisely as many have been warning. And what has happened is that in six consecutive weeks, foreigners have sold $74 billion, or more government bonds in a sequential period of time than ever before. - Zerohedge

So now the Fed will continue to grow as the primary holder of US debt.  It only goes to show you the warnings given by our founding fathers.

Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."
How many of this generation are now homeless, jobless, and without rights to property thanks primarily to the central bank known as the Federal Reserve.

The Student Loan system of lifelong control and servitude

"War is a racket."  These were the words of US General Smedley Butler on how the military industrial complex uses war to profit corporations.  If the good General were alive today he would say the same thing about the Education system and the student loan 'racket'.

Healthcare has come out with a wonderful breakdown of how the student loan system works today, and how its institution helps create servitude for graduating students well into their 30's and 40's.

Exposing the Student Loan Racket in America

The choices for a good affordable education may be a thing of the past.  But in today's world, a good eduction doesn't promise you a good job, so the question now becomes... what could you better spend your education money on to further your future?

Planned occupation: Occupy wall street has an inner circle of administrators

Just when Americans thought the Occupy Wall Street crew were simply disgruntled unemployed citizens, or at best, anarchist opportunists, we come to discover that the OWS wasn't so disorganized after all.

But, the NYC "Occupy Wall Street" also has a secretive inner circle. Carney describes it this way:
Just a bit west of the library there is what appears to be the inner circle of Occupy Wall Street. Several people, many working on laptops powered by a portable generator, sit in an area closed off by tables.
Most people—including protesters—are kept out by beefy people whose blue arm bands mark them as members of the security group. Exactly what this secretive group is doing is not clear.
“They’re media relations, and outreach and planning,” one person said.
So why are outsiders being kept from the area? No one would answer.
And so, ironically, there’s a no trespassing policy enforced at Occupy Wall Street. - Economic Policy Journal
Now the question we should be asking is... who is paying for all of this, and designated this oligarchy to be in control of Lenin's 'useless idiots'?
Paging Mr. Soros.....

Coming to America? Italians storm Goldman Sachs office

The Occupy Wall Street has been a very good theatrical show so far, but sitting in a park for months making a nuisance of yourself really doesn't accomplish much.

Instead the OWS crew should take some pointers from the Italian people who decided to storm the Goldman Sachs offices this morning and wreak havok with spray paint and garbage.

From Corriere: "on Friday students took to the streets to demonstrate for and against the public school funds the crisis and the government. The procession was attended by about ten thousand young people (two thousand according to initial estimates of the Police Station). The raid at the headquarters of U.S. bank Goldman Sachs was the first action of the student demonstration. A group of twenty boys tried to get a surprise in the Milanese headquarters of the U.S. bank, Bossi in the square, near Piazza Cordusio. Rejected by some employees of the home, the young people then smeared with spray paint the hallway and throwing bags full of garbage to the cry of "Goldman Sachs has the courage to face the future without young people." - Zerohedge
The only thing missing though is dancing.  "A revolution without dancing is a revolution not worth having." - V

Thursday, October 13, 2011

Wall Street Layoff Lists

It only two and a half months until Christmas, and many Americans are getting their Christmas lists to Santa ready to send to the North Pole.

Some agencies however, are writing up a different list, and it is worse than getting coal in ones stocking.

The Department of Labor in NY State keeps a record of intended layoffs by companies within the Empire state.  Recently a very important title was added to that list, and in includes a major bank on Wall Street.

Date of Notice:    9/29/2011                                                                           
Control Number: 2011-0098
Rapid Response Specialist :  Linda Foehr
Reason Stated for Filing:   Plant Layoff
Bank of America
2 & 4 World Financial Center, New York, NY  10080
County: New York | WIB Name: NEW YORK CITY| Region: New York City
Contact:    John Collingwood, Senior Vice President                                                   
Phone:  (202) 661-7130
Business Type:     Financial
Number Affected:  33
Total Employees:                  -----    
Layoff Date:  First separation will occur on 11/30//2011        
Closing Date:        -----      
Reason for Dislocation:     Economic
ERNUM:  -----
Union:  No bumping rights exist.  Associates are not represented by a union.      
Classification:      Plant Layoff
Other Bank of America locations affected:
2011-0099: 1 Bryant Park, New York, NY – 250 affected, First separation to occur on 12/14/2011
2011-0100: 222 Broadway, New York, NY – 41 affected, First separation to occur on 12/14/2011 – Bloomberg via Zerohedge
So ho ho ho, or perhaps, Happy Halloween to the banksters who deserve no less but to join the growing millions out of work in other parts of the country.

Wednesday, October 12, 2011

A look back at the ultimate gold bug - Mr. T

We don't know if many remember, when last year Mr. T made an appearance on Bloomberg to promote gold, and his affiliation with a gold purchasing company and Gold Promise, but unknowingly or not, Mr. T. was a gold bug long before it became hip and trendy to own it in large quantities.

Mr. T. says that at its maximum, he wears up to 45 pounds of gold around his neck.  Since he bought most of it in the early 1980's, after the crash of the gold markets, estimates put his total cost of the metal at around $43000.

Today however, if you were to sell 45 pounds at the current price in 2011, his investment would be worth $1,209,600.

Of course, this doesn't begin to speak of the publicity value that Mr. T. has gained over the past 30 years by being an icon for his mohawk, and wearing gold that makes rappers today look shabby.

Joe Biden ushers in rapes, murders, and mayhem if Obama job bill not passed

There are very few good things to say about the wacky, and always hilarious Joe Biden, but it appears that he has joined other liberal Democrats in falling off the wagon of sanity.  In a speech yesterday in Flint, Michigan, the Vice-President told listeners that if President Obama's job bill isn't passed, then crime such as rape, murder, etc... will escalate around the country.

"In 2008, when Flint had 265 sworn officers on their police force, there were 35 murders and 91 rapes in this city," Biden said. "In 2010, when Flint had only 144 police officers, the murder rate climbed to 65 and rapes--just to pick two categories--climbed to 229. In 2011, you now only have 125 shields. God only knows what the numbers will be this year for Flint if we don't rectify it."
 The vice president also seemed to suggest that the Obama administration's first stimulus is the reason rapes and murders were not even higher in 2010 and 2011." And God only knows what that number would have been had we not been able to get a little bit of help," Biden said.  The Weekly Standard
Here is a video of his speech... be sure not to be near any alcoholic beverages, or sharp objects as the Daily Economist does not want to be part of a self-induced crime.

Iran seems upset with US for keeping gold prices.... high?

Nations who rely upon a purely fiat currency like the United States use nearly every weapon in their arsenals to keep the price of gold (real money) as low as possible.  Gold is the true measure of money, and it speaks out in many ways at countries who print inflation, no matter how hard they try to deny it.

So for the insane joker from Iran, Mahmood Ahmadinejad, to come out and blame the US for keeping gold prices 'up', provides insight to everyone around the world just how dumb politicians are.

Yet one "conspiracy" we had not heard of until now is that America is actively doing what it can to send gold higher. That is no longer the case. A few days ago, none other than the capo di tutti Mexican cappi, Iran president Mahmoud Ahmedinejad, proclaimed that "Iran's enemies were deliberately causing the price of gold and foreign exchange to rise in a bid to undermine the Islamic Republic's economy. "The enemies and ill-wishers want to make a fuss and present wrong information to provoke and deviate the market." The plot thickens. From Reuters: "In order to disturb the market they buy a lot of gold coins with their huge amount of money ... they do the same in the foreign exchange market. But we have got enough reserves to meet all the country's needs." And there you have it: America is willing to risk the reserve status of its currency and send everyone chasing after gold simply so it can destabilize the Iranian economy... And now we've heard it all. - Zerohedge
My name is Mahmood Ahmadinejad, and I just wish I was only an alcoholic.

Currency wars in Europe run into power outage

A power outage at Thompson Rueters in their currency trade systems overnight led to large movements in a number of major currency pairs.

The early morning outage seems to show one important key to investors... take out the middle man (brokers), and economic indicators run wild.

Imagine that... a market that isn't manipulated... even for a few short hours.

The capital of Pennsylvania declares bankruptcy

In what appears to be the first state capital to toss up its hands and cry 'mama', Harrisburg, Pennsylvania has officially voted to declare bankruptcy.

We are confident the spinmasters will spin the first major domino in the muni crisis as bullish: after all it "removes uncertainty." Bloomberg reports that "The city of Harrisburg, Pennsylvania, facing a state takeover of its finances, filed for bankruptcy protection following a vote by the City Council, according to a lawyer for the council.Mark D. Schwartz, a Bryn Mawr, Pennsylvania-based lawyer and a former public finance banker for Prudential Financial Inc., said he filed the documents by fax to a federal bankruptcy court last night. The filing couldn’t be confirmed with the U.S. Bankruptcy Court in Harrisburg.The state capital of 49,500 faces a debt burden five times its general-fund budget because of an overhaul and expansion of a trash-to-energy incinerator that doesn’t generate enough revenue. “This was a last resort,’’ Schwartz said in an interview after the council voted 4-3 to seek bankruptcy protection. – Bloomberg via Zerohedge
While everyone was watching for cities in Alabama to be the first major bankrupt municipality, Harrisburg swooped in last night and would not be denied the opportunity.
Look for more riots, flash mobs, and violence to continue in the state.

China issues virtual trade war after Senate passes currency manipulation sanctions

It did not take long... perhaps 5 minutes for China to move to economic Defcon 2 and issue a reponse to the Senate's vote to sanction China regarding their currency manipulation.  In a letter from China's Ministry of Commerce, the second largest economy in the world told the US in a veiled threat...

You want a trade war... you got it.

From the Chinese Ministry of Commerce

On October 11, the U.S. Senate passed the "2011 Oversight Reform Act of currency exchange rate," Shen Danyang, a spokesman for the Ministry of Commerce has issued a statement that the recovery in the global economy facing a severe test of the critical moment, the U.S. Senate to force through legislation to promote trade partner currencies, is tantamount to upgrading the wrong signal on protectionism. This is a serious violation of international rules, and not only threatens the stable development of Sino-US economic and trade relations, but also with other countries to jointly cope with challenges, runs counter to efforts to oppose trade protectionism, China is firmly opposed.

Shen Danyang stressed that China has always maintained need for the two sides to strengthen communication, and to take common positive measures to develop Sino-US economic and trade cooperation. Once the motion is formally made into law, it will inevitably lead to serious damage to China-US economic and trade relations. China hopes that the U.S. after a rational and objective treatment of the exchange rate, makes the right choice.

In essence, the US, which cannot even deal with its own debt crisis, unemployment, and economic stagflation, had done what most ignorant entities do when they have no answers... blame someone else.

What is that old saying... the debtor is slave to the lender?  Insulting and threatening the owner of a large portion of your debt is probably not the best thing to do.  The Senate better hope China does not decide to dump that debt... over $2 Trillion worth, and just for the heck of it, throw out a tarrif on imports or two.

Tuesday, October 11, 2011

Live - watch the Republican debate here

Here is a link to the Bloomberg Republican debate, happening now, Live!

Can Herman Cain lengthen his lead, or can Perry make a comenback?

Issa in no uncertain terms calls AG Holder a liar on Fast and Furious

Finally... the beginning of what Americans have been waiting for now for several months.  Hearings and indictments agains Attorney General Eric Holder, and others in the Obama administration over the Fast and Furious death scandal.

Dear Attorney General Holder:
From the beginning of the congressional investigation into Operation Fast and Furious, the Department of Justice has offered a roving set of ever-changing explanations to justify its involvement in this reckless and deadly program. These defenses have been aimed at undermining the investigation. From the start, the Department insisted that no wrongdoing had occurred and asked Senator Grassley and me to defer our oversight responsibilities over its concerns about our purported interference with its ongoing criminal investigations. Additionally, the Department steadfastly insisted that gunwalking did not occur.
…Perhaps the most disturbing aspect of this intransigence is that the Department of Justice has been lying to Congress ever since the inquiry into Fast and Furious began. On February 4, 2011, Assistant Attorney General Ronald Weich wrote that “ATF makes every effort to interdict weapons that have been purchased illegally and prevent their transport into Mexico.” This letter, vetted by both the senior ranks of ATF as well as the Office of the Deputy Attorney General, is a flat-out lie.
…Mr. Attorney General, you have made numerous statements about Fast and Furious that have eventually been proven to be untrue. Your lack of trustworthiness while speaking about Fast and Furious has called into question your overall credibility as Attorney General. The time for deflecting blame and obstructing our investigation is over. The time has come for you to come clean to the American public about what you knew about Fast and Furious, when you knew it, and who is going to be held accountable for failing to shut down a program that has already had deadly consequences, and will likely cause more casualties for years to come. – Congressman Darrell Issa

Strike 1, strike 2, strike 3... youre BUSTED!

Now, will will Congressman Issa break AG Holder into saying that the program actually came from the top of the foodchain in the Obama white house, or will he simply fall on his sword and take one for the team.

Because we know that in the Obama administration... the buck stops at George W. Bush.

Protesters to storm Senate and learn Capital police aren't NYPD

Never let a good opportunity to protest get in the way of common sense.  On Tuesday, an anti-war protest group, which appears to have grown courage from the Occupy Wall Street crew, is planning to invade a Senate office building, and block official business from taking place.

Anti-war protesters plan to storm the inside and outside of the Hart Senate Office Building at 11:30 a.m. today, with the intent of causing enough havoc to shut business down.
David Swanson, one of the original organizers of the October 2011/Stop the Machine protests — which is distinct from the Occupy D.C. protests in McPherson Square — explained the plan to an assembled crowd of less than 100, mainly elderly and middle-aged protesters in Freedom Square Tuesday morning. – Daily Caller

Sadly for them if they choose to follow through with this course of action, the Capital police are NOT as lenient as the NYPD, and they will soon discover what it means to go midieval on their posteriors.

Occupy Wall Street fails to understand the symbiotic relationship with government

As the Occupy Wall Street paid movement continues in the US for another day, the unwashed masses who are easily led to blame corporations and businesses for all the problems in their lives has failed miserably in recognizing that Wall Street is a symbiotic host for government, and that each requires the growth of the other to succeed in their lockstep goals.

Chart courtesy of John Lohman

As you can see, in the past few decades, Goldman Sachs, and several other Wall Street firms, have donated over $1 Billion in campaign contributions, to both parties, almost equally.

And thus we see the sad truth of marxist protests... they rarely seek to redress true injustice, but instead they simply attack successful people who have more than they do, and fail to take even the most basic research time to determine who and what they are actually protesting against.

Currency Wars part xxxx - Congress to vote on penalties to nations for devauled currencies

This evening, Congress is scheduled to vote on a bill that would penalize countries (primarily China), for what they perceive as a manipulated de-valuation of currency which helps to continue the massive trade imbalance between the US, and global economies.

  • Currency “manipulator” label: The bill establishes objective criteria that the Treasury must use to identify “misaligned” currencies, rather than the more subjective “manipulation” designation that the Treasury currently uses in its semi-annual report to Congress on foreign exchange. All instances of currency misalignment would require some type of action if not corrected; cases of intentional misalignment caused by foreign countries' policy actions—labeled under the legislation as “priority misalignment”—would require the administration to take more aggressive steps, as detailed below.

  • Anti-dumping and countervailing duties: Countervailing duties are currently applied under US law against specific goods from certain countries that are found to be subsidizing their exports. The Senate bill would require the Department of Commerce (DOC) to investigate currency undervaluation as a countervailable subsidy (under current law, the DOC has this option but is not required to do so). In addition, if “priority misalignment” hasn’t been corrected within 90 days, the full extent of currency undervaluation as calculated by the DOC or International Trade Commission (ITC) would also be explicitly reflected in anti-dumping duties. This means that domestic companies facing competition from imports would still need to file product-specific complaints with the DOC and ITC, but could add currency undervaluation to their complaint, and thus increase the remedial tariffs put in place if they are successful. This is similar to the currency bills proposed over the last few years, but unlike the original legislation offered by Senators Schumer (D-NY) and Graham (R-SC) in 2005, which would have imposed an across the board tariff on all imports from countries with undervalued currencies.

  • WTO complaint: If misalignment continues for more than 360 days, the US Trade Representative would be required to request dispute settlement proceedings in the World Trade Organization (WTO). The Treasury would also be required “to consult with” the Federal Reserve Board on remedial intervention in currency markets, though the Federal Reserve would not be required to take any action.  - Goldman Sachs
Isn't it ironic however, that the US, who has helped export the most diabolical commodity to the world, that of INFLATION, has the gall to chastise other countries and economies who simply seek to protect their own against the nation who controls the world's reserve currency?

Monday, October 10, 2011

Women sues city of Houston for being forced to listen to Rush Limbaugh

A women in Houston, Texas has filed a lawsuit against the muncipality for what she considers being 'forced' to listen to Rush Limbaugh in her office.

Bridgett Nicholson Boyd filed a lawsuit against the city of Houston for being forced to listen to Limbaugh's radio show. In 2010, Boyd was ticketed for driving on the shoulder of a road (even though she said her car was breaking down). The police officer also arrested her and drove her to the local jail. During the ride, Boyd said, she was forced to listen to Limbaugh make "derogatory comments about black people" (which the officer was laughing at). Though the charges against Boyd were immediately dropped, she's now claiming defamation, false imprisonment, and intentional infliction of emotional distress. – Yahoo news
Alas, I wonder if the police officers can sue black criminals in the future for hearing rap lyrics being played that call for cop killing, and violent disobedience.
Once again, the anti-Spock reality of political correctness has swung its axe.  The feelings of one, outweigh the rights of everyone else.

Plumbers seek to take over American politics

Everyone remember Joe the Plumber?  Well, he's back, and he's not alone.

It looks like the famous Joe the Plumber who asked a question of Barack Obama during the 2008 campaign, only to become a viral hit in videos and Presidential debates, has now decided to run for office himself.

The filing for "Joe for Congress 2012" was just submitted on Friday, and the scanned file does not yet appear on the FEC's site, and went without notice, to my knowledge, until a couple of hours ago.

statement of candidacy isn't online yet, but it lists Wurzelbacher in Ohio's Ninth District, which has been held by Democrat Marcia Kaptur since 1983. Wurzelbacher floated the idea he might challenge Kaptur in 2010, and there have been rumors recently that he might consider a run. - Capital New

But we did say that more than one plumber is getting involved in the political realm, and that additional 'turd herder' is Walter Hillegass.

Walter Hillegass, 34, is an unemployed member of Local Plumbers 1 who lives in Jackson Heights.
He spent four days on the pile at Ground Zero in 2001 and said health problems related to that have prevented him from sleeping at Zuccotti Park overnight with the Occupy Wall Street protesters. But he said he's been there "on and off" for two weeks.

"We need to be the voice of reason," he said. - Capital New York

And there you have it... Plumbers, they can clean your drains, and drain the debt crisis blocking economic growth in America.

Occupy Wall Street is a COINTELPRO psyop using Lenin's usefull idiots

Richard Evens over at has unraveled a conspiracy with the ongoing Occupy Wall Street movement that came out of nowhere, and has manifest into the Occupy cities, states, and even the Smithsonian Institute.

It appears that the symbols, and actions of Occupy Wall Street are eerily similar to a program sponsered by the FBI and CIA in the 1960's and 70's, and expanded in Serbia during the Baltic conflict to oust Slobodan Milošević.

OCCUPY WALL STREET and the OCCUPY TOGETHER MOVEMENT is the work of SERBIAN contract revolution organizers the CENTER FOR APPLIED NONVIOLENT ACTION AND STRATEGIES [C.A.N.V.A.S]  in Belgrade and it's field operative organizer company, "OPTOR!"
So don't you believe it when ABC says "Everybody and nobody are in charge...."  or the Guardian hints, "rumors persist the group "Anonymous" is behind the Occupy Together Movement".  
The cover story is that back in 1998 some college students at the University of Belgrade that were unhappy with totalitarian regime of Slobodan Milošević decided it would be fun to topple the Serbian government.  The smartest guy in the room, Ivan Marovic, allegedly dreamed up a grass roots strategy and they went to work organizing protests as OTPOR! which means RESISTANCE! in English.
What's all this got to do with OCCUPY WALL STREET and the the OCCUPY TOGETHER 'grass roots' movement in America? 
 Take a minute to watch this.  You'll figure out.
Ivan Marovic of 'Otpor!' addresses Occupy Wall Street     NYC Sept. 22, 2011
 Need more?
The Revolution Business -
When one looks at the closerd 'fist' symbology of the Serbian movements, the Arab Spring, and Occupy Wall Street, you will see the connections, and psychological operations that were planned and orchestrated not by the American people, but by a behind the scenes entity.

Picture courtesy of

And of course, the Occupy Wall Street symbol:

European leadership helping to grow confusion in debt crisis

Over the past month, the European leadership, which includes Merkel, Sarkozy, Trichet, and Junker, have tossed rumors at the market of a bailout, settlement, or plan to deal with the ongoing debt crisis overwhelming the West.

However, it appears that these rumors never become substantiated, and in many cases, contradict one another, which adds to the confusion.  The only real conclusion investors and the public can make of this is:

Europe has no idea at all on how to deal with the crisis, and they are simply trying to kick the can down the road for as long as possible.

Look at these two diametrically opposed articles on Bloomberg yesterday.

Picture courtesy of Zerohedge

The question isn't which article is correct.  The realization is that Sarkozy and Merkel are clueless and should keep their opinions to themselves... for the more they speak, the more Europe burns.

Sunday, October 9, 2011

Occupy Atlanta - programmed Marxism at its finest

At the Occupy Atlanta rally on October 8th, civil rights leader, and progressive Congressman John Lewis came to speak before the assembled masses, only to come to the realization that the people involved in the rally were nothing more than programmed zombies, utterly controlled by a marxist facilitator.

When you watch the video, you will be shocked at how surreal the situation is.

This is what Marxism does, and these people are a picture of the 'useless idiots' controlled throughout the 20th century in communist takeovers around the world.

"We do not want critical thinkers... we want workers." - John D. Rockefeller