Starting in 1996, Alexa Internet has been donating their crawl data to the Internet Archive. Flowing in every day, these data are added to the Wayback Machine after an embargo period.
(RussiaToday) – Video: US Doom – ‘The nation is killing itself’ – View Video Here
(SteveWatson) – Goldman Sachs Predicts Gold To Hit $1650 Within 12 Months – Banking on a debased currency, continued printing of money out of thin air – Read More Here
(FoxNews) – Foreclosure Mess Deepens, as Experts Fear that U.S. Has Yet to See the Bottom – Read More Here
(BBC) – Obama will not ban home repossessions ‘fraud’
The White House has ruled out a temporary ban on the repossession of homes, despite a growing row over alleged malpractice. Read More Here
REPOST- (WashingtonsBlog) – “The Largest Financial Swindle in World History”. “Counterfeit” Mortgages “Laundered” by the Banks – Read More Here
(OtherWords) – Washington at Work–for the Wealthy – Uncle Sam is concentrating America’s wealth, not sharing it. – Read More Here
(InfoClearingHouse) – Slashing the Dollar – The Future is Ugly – Mike Whitney – Read More Here
(DailyBell) – Doug Casey on the Violence of the Storm, the Destruction of the Middle Class and the Coming Gold Standard – Read More Here
(MyBudget360) – Bank of America has $2.3 trillion in assets but $956 billion of that is made up in loans. Think those loans are valued at current market levels? The FDIC would have a challenge even breaking up one too big to fail bank – Read More Here
(IND) – Spending cuts will cost a million jobs, warns PwC – Read More Here
(Yahoo) – Who’s upset over the economy? Everybody, everywhere – Read More Here
(AP) – Robo-signers: Mortgage experience not necessary
Banks hired hair stylists, teens to process foreclosure documents, workers’ testimony shows Read More Here
(YahooFinance) – Video: The Fed’s New Plan To Save The Economy Could Lead To “Titanic Trouble”, Says Westwood’s Alpert – Read More Here
(UnconventionalEconomist) – US Housing Market: From Bad to Diabolical – Read More Here
(CNBC) – Video: Debt Crisis Will Hit Japan Next, Then US: Historian – Niall Ferguson – Read More Here
(EconomicPolicyJournal) – Ben Bernanke Money Printing Ends Up as Wall Street Bonuses
WSJ is reporting that bonuses on Wall Street this year are expected to be around $144 billion. How big is that relative to the overall economy? Read More Here
(KevBoyle) – Student Fees: Coming Enslavement Of The Middle Class
As you might already know, we have already effectively handed over our childrens’ futures to the banking oligarchy via the greatest theft in human history…..the bail-outs and ‘quantitative easing’ that began in November 2008. Read More Here
(PopModal) – Video: Donna Brazile Cites Communist China As a Successful Economic System – Video Link Here
(C4L) – What Did the Pentagon Do With That Extra Trillion Dollars?
Basically, you got a smaller Navy and Air Force and a tiny increase in the size of the Army. As an extra bonus, the hardware those forces use are now older than they were in the Clinton administration in 1998. Read More Here
(ZeroHedge) – Gold Surges After Japan Says It Is Considering New QE And Geithner Guarantees Currency Wars – Tyler Durden
A quick look at gold price action demonstrates that someone somewhere is actively debasing currencies. An even quicker scan of headlines confirms this to be the case: Read the rest of this entry »
(KurtNimmo) – Globalist loan sharks feign worry. Unemployment is so bad in the United States, the government is thinking about slapping tariffs on cheap Chinese slave labor products.
China is a lead player in the so-called currency war now underway. It has kept the value of its currency low in order to game the system and gain trade advantages. China refuses to follow the rules and this concerns the loan shark boss Dominique Strauss-Kahn and Little Timmy Geithner, the latest Wall Street and Federal Reserve insider to run our Treasury. Read the rest of this entry »
(KurtNimmo) – It was a remarkable moment in the annals of corporate media television. During a Fox News segment on the staggering unemployment rate among the young, a former Obamanoid manages to sneak in the truth — there is no difference between Clinton, Bush and Obama, they are all puppets for elite bankers. Read the rest of this entry »
(Infowars) – The United States is running out of time to get its budget and trade deficits under control. Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery. As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times column, “Welcome to the Recovery.�?
As John Williams (shadowstats.com) has made clear on many occasions, an appearance of recovery was created by over-counting employment and undercounting inflation. Warnings by Williams, Gerald Celente, and myself have gone unheeded, but our warnings recently had echoes from Boston University professor Laurence Kotlikoff and from David Stockman, who excoriated the Republican Party for becoming big-spending Democrats Read the rest of this entry »
(Fox) – Video: Ron Paul on FOX Business News about Gold – Video Link Here
(BeforeItsNews) – Into the Abyss: The Cycle of Debt Deflation
One of the most famous quotations of Austrian economist Ludwig von Mises is that “There is no means of avoiding the final collapse of a boom brought about by credit expansion. Read More Here
(ZeroHedge) – US Mint Out Of Not Only Silver But Gold American Eagles As Well – Tyler Durden
Update: After following up with the Mint, any shipments and deliveries of American Eagle 2010 edition both gold and silver are TBD and the mint has no idea on when these will be received if at all this year. A small shipment of American Buffalo gold coins will go on sale on June 3 at noon. The mint expects these to sell out promptly. Read More Here
(PaulWatson) – Bilderberg 2010: Globalists Panic Over Euro Collapse
Elite to seek reassurances from Spanish leaders that ultimate agenda for global currency will not be derailed Read More Here
(RawStory) – Goldman Sachs sold $250 million of BP stock before spill
Firm’s stock sale nearly twice as large as any other institution; Represented 44 percent of total BP investment Read More Here
Goldman Sachs Sold 44% of its BP stock three weeks before the Deepwater Horizon explosion – View Stocks Here
Production of United States Mint American Eagle Silver Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Silver Bullion Coins. Currently, all available silver bullion blanks are being allocated to the American Eagle Silver Bullion Coin Program, as the United States Mint is required by Public Law 99-61 to produce these coins “in quantities sufficient to meet public demand . . . .�?
The United States Mint will resume the American Eagle Silver Proof and Uncirculated Coin Programs once sufficient inventories of silver bullion blanks can be acquired to meet market demand for all three American Eagle Silver Coin products. Update: Due to the continued, sustained demand for American Eagle Silver Bullion Coins, 2009-dated American Eagle Silver Proof Coins will not be produced.
(ZeroHedge) – US Mint Sells More Gold Coins In May Than Any Month Since January 1999 – Tyler Durden
If anyone wants to know the reason why PHYS is once again trading at about a 10% premium to NAV all over again (yes mere days after the follow on offering) look no further than the US mint. Reuters reports that “The U.S. mint sold 190,000 1-ounce American Eagle gold coins in May, the largest number since January 1999, and the most in any month so far in 2010, according to a spokesman for the U.S. agency.�? At least the mint still has gold coins to satisfy record demand. Buyers in Europe unfortunately are not so lucky, which is why in Greece recently an oz of sold for as high as $1,700. Read More Here
(ZeroHedge) – Another Blatant EUR Intervention Leads To 150 pip EURUSD Move In Seconds
With all the grace of a drunk Keynesian at an Austrian economists meeting, the Central Banks once again kill the EUR shorts and intervene to prop it up, for a ridiculous 250 pips intraday move. Read More Here
(CNBC) – Euro to Go Under $1.20 ‘Almost Certainly’: Gartman – Read More Here
(PaulWatson) – Iran To Dump 45 Billion Euros For Gold Bullion & Dollars
The Central Bank of Iran is set to dump a whopping 45 billion euros in exchange for gold bullion and dollars as Gulf states also prepare to flee from the ailing single currency amidst debt turmoil in Europe that threatens to disintegrate the entire region.
According to the Iranian state website Press TV, Iran’s central bank has already begun converting its euro reserves into gold and dollars as a response to the “downward spiral�? of the euro, in the first of a three phase movement to flee from the currency. Read More Here
REPOST – (Blacklistednews) – 25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real
If you listen to the mainstream media long enough, you just might be tempted to believe that the United States has emerged from the recession and is now in the middle of a full-fledged economic recovery. In fact, according to Obama administration officials, the great American economic machine has roared back to life, stronger and more vibrant than ever before. But is that really the case? Read More Here
(LVRJ) – Problems continue in high-rise condo market
It really didn’t take a $40,000 study from the Sierra Club to determine that Las Vegas was overbuilt, putting a strain on natural resources. Just look at the vacant buildings. Read More Here
(BusinessInsider) – How The U.S. Is Faced With Both Rocketing Inflation And Deflation At The Same Time
Calafia Beach Pundit shows how the U.S. has been experiencing both long-term inflation and deflation at the same time. Essentially, the cost of services has been rocketing higher, just as the cost of durable goods has been rocketing lower: Read More Here
(Neithercorp) – REPOST – Warning Signs Of Full Spectrum Collapse Are Everywhere
The sovereign debt crisis in Greece and many other European nations has, at least for the moment, opened a gap in the wash of financial disinformation that has prevailed in the mainstream media for the past year. The average American is now more aware of the terrible costs of living in an artificially driven and widely manipulated “global economy�?, and has also been exposed (at least for the moment) to the very real frailties in our own markets, which have been hidden or downplayed by the government as well as disingenuous establishment economists. Read More Here
(June 1) – Video: Webster Tarpley Details TIm Geithner’s “America is Finished” Comment to China on Alex Jones Tv
Alex also talks with researcher and author Webster Tarpley. Alex also covers the latest news following the holiday and takes Read the rest of this entry »
(RussiaToday) – Keiser Report № 46: Social Fury builds up! – Video Link Here
(GoldSeek) – Video: Gerald Celente on Goldseek Radio – Video Link Here
(SOTT) – Are Goldman Sachs and the Megabanks Able to Wipe out an Entire Economy with a Keystroke?
How artificial intelligence and robotrading pose a growing threat to the global marketplace. Read More Here
(BostonHerald) – Frills, not jobs, filling posh IRS digs
The $92 million renovations at the IRS compound in Andover will include a reflecting pool, an art gallery, indoor gardens, a 7,000-square-foot cafeteria and an amphitheater, but it remains unclear what new permanent jobs, if any, will come to the center. Read More Here
(MurrayDobbin) – The Canadian ‘good banks’ myth
The sorry spectacle of Conservative cabinet ministers flying around the world defending banks from a tax to cover their next, inevitable, meltdown is bad enough. What is perhaps worse is that it is being largely justified by the perpetuation of the myth that Canada did not have to bail out its banks.
(VancouverSun) – G8, G20 summit security a waste of money, say Montreal anarchists – Read More Here
(AutomaticEarth) – Lent, spent and guaranteed
Ilargi: No, I’m by no means the only one who thinks this thing will not end well.
Let’s start with Gerald Celente of Trend Forecasters: Read More Here
REPOST- (SeekingAlpha) – Video: Hendry – ‘I Would Recommend You Panic’
In this widely watched BBC video, Hugh Hendry of hedge fund Eclectica Management recommends the world panic over the ongoing European debt crisis and then the group debates whether perpetual bailouts and a much longer slowdown are preferable to a real purging of the system and a much shorter recession that would also see major reforms. Video Link Here
(TimesOnline) – Greece urged to give up euro
THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy. Read More Here
(Express) – WORK UNTIL LUNCH JUST TO PAY TAX
Analysis relating the tax burden to the working day suggests that the average 9-5 worker takes until 1.21pm to cover their tax bill and then spends three hours 39 minutes working for themselves. Read More Here
(WSWS) – Austerity measures throughout Europe
Two weeks ago, European heads of state and the International Monetary Fund reached agreement on a €750 billion rescue package for the euro. Since then, not a day has gone by without the announcement of a new round of draconian austerity measures. Working people are now being ordered to pay the price for plugging the massive holes in public finances that are the result of various rescue measures for the banks and the euro. Read More Here
(ComingDepression) – Sell now warns LA real estate experts amid BP oil spill
“Carolyn Angelette said around 100 clients have canceled summer rentals in Grand Isle, LA. Other clients have postponed plans to buy a home until they see the full extent of oil damage. At this rate, she warns, her Century 21 office will go out of business.�?
It is obvious BP will be in litigation for decades with multiple plaintiffs once it is discovered just how much damage this unprecedented disaster has unleashed. It would not surprise me if this catastrophe bankrupts the company. Read More Here
(LATimes) – Lessons of hard times in Vallejo
Since filing for Chapter 9 bankruptcy protection two years ago, this scrappy Bay Area bedroom community has come to symbolize the fiscal troubles — now faced by many cities — that helped push it to the brink: unrestrained spending, out-of-control pension costs and a burst housing bubble. Read More Here
(RussiaToday) – Video: Wall Street Operative Geithner Rebuffed in Berlin on Mission to Make World Safe for Derivatives
On the most important stop of last week’s desperate mission to make the world safe for derivatives, US Treasury Secretary Geithner has been dealt a decisive rebuff. Geithner’s obvious attempt to sabotage the recent prohibition enacted by the German government against naked credit default swaps (among the most toxic of derivatives) was rejected in Berlin on Thursday by German Finance Minister Wolfgang Schäuble. Read the rest of this entry »
Bank of England Governor Mervyn King says: “We are still halfway through the world’s worst financial crisis ever.” He is in good company.
The following experts have said that the economic crisis could be worse than the Great Depression: Read More Here
(CalculatedRisk) – California: “Absolutely terrible” budget cuts to be announced at 4 PM ET – Read More Here
(YahooFinance) – Video: TechTicker – Dow Tumbles as “Disintegration” Fears Haunt Europe
Hopes that a massive $1 trillion bailout for Europe would hold the financial markets together came unglued Friday. Stocks tumbled around the world and the U.S. followed suit. Heading into the close, the Dow was down more than 230 points. – Video Link Here
(GeorgeWashingtonBlog) – The Bailout of Big American Banks Has Cost Trillions More Than We’ve Been Told
Granted, the $700 billion dollar TARP bailout was a massive bait-and-switch. The government said it was doing it to soak up toxic assets, and then switched to saying it was needed to free up lending. It didn’t do that either. Indeed, the Fed doesn’t want the banks to lend.
The debt mountain that brought down some of the world’s biggest banks and dragged the international financial system to the brink of disaster has simply shifted to governments. Now it’s threatening countries around the globe — and, if left unchecked, could rip the very fabric of Europe’s economic system and wreck economic recoveries in the U.S., China and Latin America. Read More Here
(USAWatchdog) – Is the Financial System Corrupt?
Recent headlines coming out of the financial world have been jaw dropping. Here are a few: Read More Here
(WSWS) – US media demands Greek-style austerity for American workers
In recent days, the US media—led by the standard bearer of American liberalism, the New York Times—has insisted that workers in the US, like their brethren in Greece, have been living the good life for far too long and must accept a drastic and permanent reduction in their living standards. Read More Here
(CNBC) – Video: The Economy & Your Portfolio with Rick Santelli ‘This European Crisis Should Be A Wake Up Call’
A look at the big issues facing the economy and how investors are playing them, with Michael Pento, of Delta Global, and Jordan Kimmel, of National Securities. Video Link Here
FLASHBACK- (WashingtonExaminer) – In 2005, U.S. intelligence warned of Euro econ crisis and EU’s demise unless welfare states downsized
In 2005, the National Intelligence Council prepared a prescient report warning that overextended welfare states could lead to economic crisis and possibly the collapse of the European Union sometime in the next 15 years: Read More Here
(FinanceMarkets) – US banks under investigation
Eight Wall Street banks are facing an investigation following allegations that they provided misleading information to several ratings agencies in order to gain a better rating for mortgage securities. Read More Here
(ChartingStocks) – Dollar Jump Resembles ‘08 Crash
On Wednesday, I wrote about the troubling signal given by the Volatility Index (VIX) as it surged in a manner which resembled the 2008 crash. Today we can add another market indicator to the “trouble�? list – The US Dollar. Read More Here
(AlethoNews) – New Iran sanctions bill to kill 20,000 US jobs each year
Major US firms are warning Congress against passing legislation to impose new sanctions against Iran, saying such sanctions will further damage the US economy.
Boeing Co. and Exxon Mobil Corp. are lobbying to fend off tightened sanctions against Iran that business groups say will cut US exports. Read More Here
Video: The New World Order Currency Crisis
(Kitco) – Five Facts You Need to Know About the Financial System
Let’s connect the dots on the ENTIRE financial system right now. Read More Here
(LondonTelegraph) – US faces same problems as Greece, says Bank of England
Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive. Just two of the nuggets from one of the most extraordinary press conferences I have been to at the Bank. Read More Here
(LondonGuardian) – Nicolas Sarkozy threatened to pull France out of the euro
French president Nicolas Sarkozy threatened to pull his country out of the euro if other EU countries, especially Germany, did not agree to help rescue debt-laden Greece. Read More Here
(Bloomberg) – Volcker Sees Euro ‘Disintegration’ Risk From Greece
Former Federal Reserve Chairman Paul Volcker said he’s concerned that the euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members. Read More Here
(InfoClearingHouse) – Financial Chaos And The Smell Of Napalm In The Morning
What in God’s name should we make of it all? On Thursday, the New York Stock Exchange had its most severe plunge in history – nearly 1000 points, before it recovered minutes later. On Monday, it shot up 400 points, one of the biggest spikes in memory. All told, the variance was around 1400 points over the period of a couple of days.
The context for this, of course, is the financial turmoil that has spread from Greece and is sweeping across Europe, threatening the very existence of the European Union and the Euro as a common currency. Last week alone, it is estimated that global stock markets lost $3.7 trillion of their value as a result of this crisis (1). According to the Canadian finance minister Jim Flaherty, not even the Canadian economy is immune from the financial contagion. Read More Here
(EconomicPolicyJournal) – Geithner Briefs Super Power Elite, Friday Afternoon
In addition to Rockefeller and Lady de Rothschild, on Friday afternoon, Treasury Secretary Geithner will also meet with the other members of the Board of Directors of the Peter G. Peterson Institute for International Economics to discuss the Administration’s agenda for economic growth and strengthening the global financial system.
Here’s the hefty list of the Institute’s Board of Directors: Read More Here
(HomeSolutionCounselors) – You are not in default. Freddie Mac is making your payments!
Yes it is true. I have seen it with my own eyes and IN WRITING. In our office we have on record a statement from Freddie Mac, which they submitted to the courts, that “Freddie Mac has made all relevant and required payments to the investors on behalf of the borrowers.�? Did you catch that?!?!
Yes, Freddie Mac acting as the Master Servicer, has been making payments to the debt owners of a mortgage. How can the borrower be in default? Read More Here
(Bloomberg) – Euro Breakup Talk Increases as Germany Loses Its Currency Proxy
What was conceived as a club for Europe’s strongest economies was expanded for political reasons, leaving the currency union with minimal powers to police deficit spending and no safety net for dealing with countries, like Greece, that veer toward default.
German officials are already debating what was unthinkable to the euro’s architects: that a currency union designed in its founding treaty to be “irrevocable�? might not be. Finance Minister Wolfgang Schaeuble said March 12 that expulsion from the euro may be the ultimate penalty for serial violators of debt rules. Read More Here
(WashingtonsBlog) – Partisan GOP hacks say the financial crisis was caused by too much regulation, and government interference in the markets.
But Glass-Steagall was repealed, derivatives were left unregulated, and the regulators were watching porn instead of preventing fraud. Giant banks, hedge funds and other fat cat private players knowingly gamed the market and committed fraud in more ways than can be listed in a single post. Read the rest of this entry »
(RussiaToday) – Today, Max Keiser and co-host Stacy Herbert look at the scandals of Prozac pilots and Chinese drywall; Timothy Sniveling Scamster Geithner, asking “what choice did the President have?”, and finally, Jamie Dimon, the most dangerous man in America, complaining about the demonization of mega-banks. Max also talks to Rolling Stone journalist, Matt Taibbi, about “Looting Main Street.” Read the rest of this entry »
(RussiaToday) – Treasury Secretary Geithner is on his way to Beijing, where he will meet with Chinese Vice Prime Minister Wang. The trip is in relation to US demands for a massive up valuation of the Chinese currency, the renminbi or yuan. This announcement has unleashed much gloating at the Associated Press and other pro-Wall Street news outlets, so it is important to issue a caveat at the very beginning: trips do not equal agreements. Obama made a personal visit to Afghanistan last month, and bilateral US relations with that country have been deteriorating in an alarming way ever since. Read the rest of this entry »
(WashingtonsBlog) – Tim Geithner told the Today Show that:
It’s “deeply unfair” that some financial institutions that got taxpayer-paid bailouts are emerging in better shape from the recession than millions of ordinary Americans.
Geithner also argued that President Barack Obama had no choice when confronted with a financial crisis.
“As the president has said, we had to do some very unpopular things,” Geithner said. “People looked at what had happened.”"It’s not fair. It’s deeply unfair,” he said. “He (Obama) had to decide whether he was going to act to fix it or stand back … and that would have been calamitous for the American economy.”
(WashingtonsBlog) – Geithner: Taxpayers Are Likely to Face “Very Substantial” Losses From Government’s Takeover of Fannie and Freddie
Tim Geithner told the House Financial Services Committee today that txpayers are likely to face “very substantial” losses from the government’s takeover of home mortgage giants Fannie Mae and Freddie Mac. Read More Here
(CBS3) – Homeowners Facing Foreclosure Take Own Lives
The foreclosure crisis in Philadelphia is now becoming a matter of life and death. Eyewitness News has learned that in the past month, two homeowners took their own lives before sheriff’s deputies arrived to tell them that they were being evicted. Read More Here
(Fox) – Fox News Poll: 79% Say U.S. Economy Could Collapse
The latest Fox News poll finds that 79 percent of voters think it’s possible the economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent) and independents (80 percent). Read More Here
(AFP) – Geithner says Fannie, Freddie overhaul must wait
US Treasury Secretary Timothy Geithner on Tuesday swatted aside pressure for a swift reform of troubled government-backed mortgage giants as data pointed to a still struggling real estate market. Read More Here
(Bloomberg) – U.S. Economy: Sales of Existing Homes Decrease, Supply Climbs
Sales of existing U.S. homes fell in February for a third month, and the number of properties on the market climbed by the most in almost two years, casting a pall over the prospects for a recovery. Read More Here
(WSJ) – Learjet Repo Man Doing Brisk Business
Ken Cage isn’t your typical repo man. Rather than snatch cars from an over-extended middle class, he takes back yachts, planes and other toys from the over-leveraged rich. Read More Here
(MSNBC) – Video: Lehman Bros categorized loans as sales to hide debt – Dylan Ratigan – Read the rest of this entry »
(InfoClearingHouse) – Yougotta see this! If this doesn’t convince you that the Timothy Geithner knew about the securities shenanigans that were going on at Lehman, than I don’t know what will.
Keep in mind, that Geithner ran Lehman through 3 “stress tests” prior to bankruptcy; all of which Lehman failed, and yet, nothing was done. Anton R. Valukas–the examiner who wrote the 2,200 page investigative-report which was released on Thursday– has provided plenty of information detailing Lehman’s “materially misleading�? accounting and “actionable balance sheet manipulation.�?
(WashingtonsBlog) – As William K. Black said a year ago, the government’s entire strategy now – as in the S&L crisis – is to cover up how bad things are (“the entire strategy is to keep people from getting the facts”).
Paul Krugman and others pointed out that Geithner has been trying to artificially prop up asset prices, but that such a strategy cannot succeed.
(NakedCapitalism) – Quite a few observers, including this blogger, have been stunned and frustrated at the refusal to investigate what was almost certain accounting fraud at Lehman. Despite the bankruptcy administrator’s effort to blame the gaping hole in Lehman’s balance sheet on its disorderly collapse, the idea that the firm, which was by its own accounts solvent, would suddenly spring a roughly $130+ billion hole in its $660 balance sheet, is simply implausible on its face. Indeed, it was such common knowledge in the Lehman flailing about period that Lehman’s accounts were sus that Hank Paulson’s recent book mentions repeatedly that Lehman’s valuations were phony as if it were no big deal. Read the rest of this entry »
(AaronDykes) – Treasury Secretary Tim Geithner made an appearance alongside IRS Commissioner Doug Shulman at the Joe Stack crash site in Austin, Texas. Their purpose was straightforward– to grandstand over an attack on a government agency and to set the scene for demonizing “anti-government beliefs.�? Read the rest of this entry »
(CNNRadio) – “This time they will close the banks not only Wall street” – “When greedy people are losing a lot of money expect a world scale war” – Celente Read the rest of this entry »
(WashingtonsBlog) – There is an established legal principle that people should not have to repay their government’s debt to the extent that it is incurred to launch aggressive wars or to oppress the people. Read the rest of this entry »
(BusinessWeek) – President Barack Obama said he is “agnostic�? about raising taxes on households making less than $250,000 as part of a broad effort to rein in the budget deficit. Read the rest of this entry »
Rumor has it that Timothy Geithner is on his way out as Treasury Secretary, due to his involvement in the AIG scandal that is now unraveling in hearings before the House Oversight and Reform Committee. Bob Chapman writes in The International Forecaster:
Each day brings more revelations of efforts of the NY Fed and Goldman Sachs to hide the details of the criminal conspiracy of the AIG bailout. . . . This is a real crisis on the scale of Watergate. Corruption at its finest.
Every week Max Keiser looks at all the scandal behind the financial news headlines. This time Max Keiser and co-host Stacy Herbert look at the scandal behind the headlines about the Volcker plan, the Supreme Court ruling and about Central Banks robbing the middle classes. Keiser also speaks to Fred Harrison, the Renegade Economist, about property bubbles and privatizing wages Read the rest of this entry »
(HuffingtonPost) – A key question at the heart of the controversial bailout of AIG is just how much money the government lost. The Federal Reserve and Treasury Department have worked to keep that number secret and to conceal who was on the winning end.
An unredacted document obtained by the Huffington Post shows the damage in detail. Read More Here
(PaulWatson) – Treasury Secretary Timothy Geithner’s denial that he played any role in the AIG cover-up is contradicted by emails which confirm that both Geithner and the New York Federal Reserve were both intimately involved in keeping details about payments to banks including Goldman Sachs from the public. Read the rest of this entry »
(KurtNimmo) – Rep. Darrell Issa, ranking member of the House Oversight and Government Reform Committee, has the goods on Treasury Secretary Tim Geithner. Earlier this month, Issa received emails proving without a shadow of a doubt that the New York Fed under Geithner’s leadership withheld documents and delayed disclosures on AIG’s swindle operation with Goldman Sachs, Deutsche Bank, and other international bankster criminal organizations. Read the rest of this entry »
(RussiaToday) – Treasury Secretary Tim Geithner is expected to face intense questioning on Capitol Hill later this week as more information comes to light on the US government’s bailout of AIG. Will heads roll over the controversy, or is it just another example of how nothing has changed between the Bush and Obama Administrations? Read the rest of this entry »
After betting heavily on real estate lending, about a third of Utah’s smaller community banks are teetering between collapse and survival after the worst land-value crash in memory. Read More Here
(Bloomberg) – Video: Jim Rogers Discusses Bernanke Reappointment – Fed Policy Video Link Here
(CNBC) – Ron Paul on CNBC’s Squawk Box: Debate on Bernanke and the Fed Video Link Here
(Bloomberg) – Fed E-Mail to Geithner Cites Bank Benefit From AIG
Timothy F. Geithner, who has denied that the financial condition of American International Group Inc.’s bank counterparties was a consideration in structuring the insurer’s bailout, was told by a senior colleague that the rescue was a way to remove “uncertainty�? for the firms. Read More Here
(WSJ) – DynCorp’s Iraq Contracts With U.S. Are Scrutinized
The U.S. State Department is struggling with its accounting for billions of dollars spent on police-training contracts in Iraq with DynCorp International Inc. Read More Here
(Reuters) – Record number of young Americans jobless
The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday. Read More Here
Pete DuPont: Coming Tax Hikes Will Cause Greater Economic Collapse Than 2008-09
Wall Street Journal op-ed, An Economic Time Bomb: Even If Congress Does Nothing, Tax Hikes Will Hit Hard a Year From Now, by Pete DuPont (Chairman of the Board, National Center for Policy Analysis): Read More Here
(TampaBay) – Pinellas County’s $40 million shortfall will mean layoffs and program cuts
Pinellas County needs to cut spending by 10 percent to solve a $40 million budget deficit for next year, County Administrator Bob LaSala announced Tuesday. Read More Here
Don’t open your eyes
You won’t like what you see
The blind have been blessed with security
Don’t open your eyes
Take it from me
I have found you can find
Happiness in slavery Nine Inch Nails-Happiness in Slavery
Think you’re free? Think again, slave!
This week the Federal government will attempt to auction off 118 billion dollars in U.S. debt to anyone who thinks the U.S. dollar is a great place to be. Of course if you ask liars like Fed Chief Ben Bernanke or his young sidekick “tiny�? Tim Geithner, they will most certainly assure you that the dollar is strong and that the U.S economy is on a miraculous rebound. But this is fiction. Read the rest of this entry »
Years ago children were sent up chimneys or sold as servants to earn their parents extra money. Now they are being vaccinated by doctors, to boost their takings. Doctors, Governments and Pharma see our children as their property and are making thousands of pounds/dollars/euros out of them right under our noses. This, they call ‘Health Care’, I call it the legalization of child labour. Read More Here
Existing Home Sales Fall 16.7% in December; Largest Drop On Record
Sales of U.S. existing homes plunged 16.7% in December to a seasonally adjusted annual rate of 5.45 million from 6.54 million in November as the house purchase tax credit was set to expire. The 16.7% percentage decline from November to December was the largest on record, the National Association of Realtors reported. Read More Here
Trailer shipments hit 32-year low in 2009
Truck trailer shipments dropped to levels not seen since 1975, according to figures compiled by ACT Research Company of Columbus, Indiana.Read More Here
(HuffingtonPost) – Geithner Warns That Markets Could Dive If Bernanke Is Not Reconfirmed
Treasury Secretary Tim Geithner, in a recent interview with Mike Allen of Politico warned that the financial markets could react negatively if Fed Chairman Ben Bernanke isn’t confirmed for a second term. (READ Politico’s full story here.) Read More Here
Signs Of The Apocalypse: The Return Of The Layoff
Layoffs in unrelated industries, even when close together in time, are just that—unrelated. That is until they begin to grow rapidly in number.Read More Here
(IndiaTimes) – Outsourcing roars back to India, China: Study
Outsourcing has roared back to life in the last six months with some of it moving to countries like India, and from India to other places like China, the Philippines, Costa Rica and even Romania, according to a new study. Read More Here
In the aftermath of the Massachusetts Senate vote last Tuesday, we now have a concrete fighting chance to block the reappointment of Wall Street puppet Ben Bernanke as the chairman of the Federal Reserve Board of Governors by preventing his Senate confirmation next week. Read the rest of this entry »
Every week Max Keiser looks at all the scandal behind the financial news headlines. On todays show Max Keiser and co-host Stacy Herbert look into the scandals of the inexplicable Timothy Geithner, the crisis levy planned by Obama, and luxury cruise liners in Haiti. Keiser also talks to Ann Minch, who started a Debtors’ Revolt in the US by refusing to pay her credit card bill unless her bank lowered their rate. Read the rest of this entry »
(MoneyNews) – Author, investor and longtime Wall Street observer James Dale Davidson says our government is lying to us: There is no genuine economic recovery happening. Read the rest of this entry »
Alex talks with former New Jersey Superior Court Judge and a political and legal analyst for Fox News Channel, Andrew Napolitano. Judge Napolitano hosts Freedom Watch and is the author of several books, including Constitutional Chaos: What Happens When the Government Breaks its Own Laws and The Constitution in Exile: How the Federal Government Has Seized Power by Rewriting the Supreme Law of the Land. Read the rest of this entry »
Last week it was revealed that when Treasury Secretary Tim Geithner was Chairman of the New York Federal Reserve, he urged AIG officials not to disclose to the Securities Exchange Commission relevant details of agreements with banks to bail out Goldman Sachs. Apparently he felt at the time that regulators and the public would be angry that taxpayer money was used to fully compensate bankers who made some horrifically bad investment decisions. These banks should have suffered the consequences of the huge risks they were taking. After all, they kept plenty of rewards when times were good. Instead, the Fed found a way to socialize these major losses so these banks could survive and continue making more bad decisions, at the expense of the American people and the value of the dollar. Read the rest of this entry »
Alex talks with Washington, D.C.-based investigative journalist, author and columnist Wayne Madsen. Madsen was a government consultant on contracts for the National Security Agency and later worked for the Navy’s Naval Data Automation Command as a civilian employee. After this Madsen briefly established his own consulting firm, then worked for the National Bureau of Standards, and later for the State Department. He currently publishes the Wayne Madsen Report. Read the rest of this entry »
Webster Tarpley Returns to talk with Alex about Bankergate, and what troubles my be coming towards Geithner’s way in the very near future. Read the rest of this entry »
(PaulWatson) – Congressman Ron Paul has called for Treasury Secretary Timothy Geithner to be fired for his involvement in the AIG bailout scandal, adding that the fiasco proves the Fed should be stripped of its powers and audited. Read the rest of this entry »
(KurtNimmo) – The New York Federal Reserve, under the direction of current Treasury Secretary Timothy Geithner, prohibited AIG from reporting that it was passing government bail-out funds directly to its buddies on Wall Street, most notably the criminal organization known as Goldman Sachs. More specifically, taxpayers were tapped (or their grand children were) to pay off bad gambling bets made by “counterparties�? in the AIG derivatives casino. The mega-insurance corporation wanted banks to take 40 cents on the dollar against toxic CDOs (collateralized debt obligations). Read the rest of this entry »
The Federal Reserve Bank of New York, during its $180 billion bailout of American International Group, Inc., instructed AIG to omit details of its purchase of certain toxic assets from a December 24, 2008, Securities and Exchange Commission filing, according to e-mails between the company and the Fed released Thursday. Read the rest of this entry »
(NoVerichip) – A lawsuit filed against investment bank Goldman Sachs by a shareholder alleges that the company spent more money on corporate bonuses than it earned in 2008. Read the rest of this entry »
Timothy Geithner is a rising star within the membership of the Trilateral Commission: He is highly educated, has extensive regulatory experience, and is wiling to bend, break or obscure the rules to favor his global elite bosses. Read the rest of this entry »
(Bloomberg) – The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show. Read the rest of this entry »
“What are they going to do, quadruple the debt again? Print more money? We don’t have any trees left. We’re running out of trees.”
The U.S. government’s plan to increase spending as a way to kick-start the economy will leave the country with no way to help its way out of the next crisis, Jim Rogers, chairman of Jim Rogers Holdings, told CNBC Thursday. Read the rest of this entry »
(Bloomberg) – The Obama administration extended the $700 billion financial-rescue program until October, arguing that the U.S. must hold on to the money in case of new financial shocks. Read the rest of this entry »
(DetroitNews) – The Obama administration will tell Congress Wednesday that it expects to lose about $30 billion of the $82 billion government bailout of the auto industry. Read the rest of this entry »
(RussiaToday) – Ben Bernanke is on the Hill for reconfirmation hearings. Given the situation of the U.S. economy and the state of the dollar, should he be reappointed? Gerald Celente says no way. Read the rest of this entry »
(PaulWatson) – Congressman Michael Burgess scalded Treasury Secretary Tim Geithner during a fiery hearing on Capitol Hill this morning, telling the former New York Fed chief that he should never have been hired and demanding that the TARP program come to an abrupt end, shortly after GOP Rep. Kevin Brady had called on Geithner to resign. Read the rest of this entry »
(WashingtonsBlog) – How come the Wall Street robber barons who brought on the financial crisis are still calling the shots and pillaging the economy? Read the rest of this entry »
The United States is moving backwards…fast. State budget cuts are decimating essential health and social services; public education is being destroyed; the social safety net is in tatters. To make matters worse, all of this is occurring when the loss of jobs stands at a twenty-six year high with no end in sight. Read the rest of this entry »
(Yahoo) – Another one of the nation’s largest lenders has filed for bankruptcy. On the brink for months, CIT filed for Chapter 11 protection on Sunday. Read the rest of this entry »
(October 31, 2009) – Max Keiser, Stacy Herbert and Webster Tarpley talk about AIG being used by Tim Geither to line the pockets of Goldman Sachs and others Read the rest of this entry »
While this isn’t news to readers of the WAB, it is confirmation of my extensive analysis throughout the crisis last fall. Henry Blodget and Bloomberg News get it mostly right, but they still shy away from exposing the wider outright conspiracy that exists between the US Treasury and the Federal Reserve. Read the rest of this entry »
(CSPAN) – Oct 29, 2009 – On Thursday, Congressman Paul questioned Treasury Secretary Timothy Geithner at a House Financial Services Committee meeting on financial regulations. Read the rest of this entry »
Paul Volcker and senior Harvard economist Jeffrey Miron both testified to Congress this week that the government is trying to make bailouts for the giant banks permanent. Read the rest of this entry »
I find it surprising that I’m now getting inquiries from readers, asking if “we’ve reached bottom” in the current economic recession, and asking if the time has come to start buying stocks or residential real estate. It seems that the talking heads of mainstream media are using some sort of voodoo. How can anyone think that we’ve hit bottom, and an economic recovery is in progress? To dispel the myths from the CNBC Cheering Section, please consider the following. (And note that I’ve provided references for each assertion, just so you know that I’m not talking out of my camouflage hat.): Read the rest of this entry »
(BobChapman) – Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms. Read the rest of this entry »
Bloomberg reportsthat Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.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 »
What planet is Congressman Barney Frank on, anyway? It is the planet of the banks and other financial firms that keep his campaign coffers humming, as their chairman of the House Financial Services Committee. Read the rest of this entry »
Timothy Geithner’s aides have been paid millions of dollars by a variety of Wall Street firms, including Goldman Sachs and Citigroup, according to financial disclosure forms. Read the rest of this entry »
(HuffingtonPost) – How did Goldman, Sachs & Co. — saved a year ago by the US taxpayer — magically make $3 billion in 3 months a year later?
This as the US dollar collapses, unemployment soars and foreclosures hit a record? Read the rest of this entry »
(Bloomberg) — The dollar will extend its drop versus the euro over the next two to five years, falling as much as 20 percent to an all-time low under a widening U.S. budget deficit, Harvard University’s Professor Niall Ferguson said. Read the rest of this entry »
Disclosure forms, according to Bloomberg, reveal that Treasury Secretary Timothy Geithner’s closest aides received millions of dollars from Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms. Read the rest of this entry »
In just 8 days, ‘Fall of the Republic’ will reveal once and for all the nationwide heist and economic takeover that has been maneuvered through the Bailout and action taken by the private Federal Reserve. Experts including William K. Black, Max Keiser, Dr. Webster Tarpley, George Humphrey, Gerald Celente and more join Alex Jones in the most detailed analysis ever of the fall of the Dollar, the push for a new global currency through the G20 and the international bankers who have worked tirelessly to bring the United States to its knees. Read the rest of this entry »
