"A horrific economic collapse is coming. It is going to change the world. You better get ready."
June 22, 2011
The Economic Collapse
It really is hard to find the words to describe the true horror of the national debt. The U.S. government has been on the greatest debt binge in all of human history, and a day of reckoning is coming that is going to be so painful that it is going to shock America to the core. We have lived so far above our means for so long that none of us really has any concept of what "normal" is like anymore. The United States has enjoyed the greatest party in the history of the world, but now this decades-old party is ending and the bills are coming due. It was Dick Cheney who famously said that "deficits don't matter". Well, try telling that to the nation of Greece right about now. The horror that Greece is just beginning to experience is a preview of what is going to happen to us as well. Only when it happens to us it is going to be so much worse, because when we go down we are going to bring the entire global financial system down with us. Read More
"When times get really hard, people will do whatever they feel they need to do in order to survive."
June 22, 2011
The American Dream
In the United States today, it is not just the economy that is crumbling. The entire fabric of society is coming apart as well. Literally almost wherever you look you can find rampant corruption in America. Our federal government is corrupt, our state and local governments are corrupt, our corporations are corrupt and unfortunately average Americans seem to become more corrupt all the time. As corruption becomes widespread in America, trust is breaking down. It is very difficult to know who to trust these days. But a society cannot function without trust. So what are we going to do when all the trust is gone? Read More
A new report from the Congressional Budget Office (CBO) finds that President Obama’s economic stimulus program helped nearly double U.S. debt.
The 2011 Long-Term Budget Outlook, released Wednesday morning, reports that the “the combination of automatic budgetary responses” and Obama’s stimulus “had a profound impact on the federal budget.” According to CBO projections, before Obama’s stimulus became law, federal debt equaled 36 percent of GDP and was projected to decline slightly over the next few years. Instead, thanks in large part to the stimulus, debt reached 62 percent of GDP by 2010. Read More
Zakaria wants to change the Constitution to ‘fix’ our national and senatorial elections to make them more democratic. He doesn’t like the Electoral College and he doesn’t like the fact that every state has the same amount of senators despite the population of the people. He cites that Constitution has been changed 27 times and that unlike the founders who created a new document in Philadelphia instead of using the Articles of Confederation, he just wants to make a small change to it.
Levin decided Zakaria needed a lesson in America and proceeded to explain why we hold our elections the way we do, noting that Presidents and Senators were never meant to be directly elected by the population. It was all a apart of what made us a Republic. He continued on with the issue of slavery (as cited by Zakaria) and it blossomed into a great monologue about why the founders worked so hard to create the America we know and love.
"Federal response to likely passage of anti-pat down bill could provoke massive states’ rights backlash"
June 21, 2011
By Paul Joseph Watson
A bill that would criminalize invasive TSA pat downs in Texas has risen like a phoenix from the flames, with Governor Rick Perry being forced to include the item on the agenda for the current special session of the legislature, setting the stage for what could potentially become a watershed moment in the battle to peel back a federal power grab that has characterized the advance of big government.
Despite initially shirking responsibility by erroneously claiming that the bill did not have enough support to pass, Governor Perry was forced to place the item on the special session agenda yesterday, meaning TSA workers could face a year in jail or a $4,000 fine if they “touch the anus, sexual organ, buttocks, or breast of another person, even through that person’s clothing for the purpose of granting access to a building or a form of transportation,” according to the text of the legislation. Read More
Retired Maj. Gen. Paul Vallely, the chief of Stand Up America, a national security expert and Fox News contributor, says the “Certificate of Live Birth” released in April by the White House as “proof positive” of President Obama’s Hawaiian birth is a forgery, but the FBI is covering the fraud and no one in Congress is willing to tackle the situation because of fears of a “black backlash” if the failings of the nation’s first black president are revealed.
In an interview today with Greg Corombos for WND, Vallely, who previously has expressed concerns about whether the Obama administration is in violation of the U.S. Constitution, said, “His actual birth certificate has never been found in Hawaii nor released from Hawaii hospital there, Kapiolani hospital there, if it in fact did exist.”
“We’ve had three CIA agents, retired, and some of their analytical associates look at it, and all came to the same conclusion, that even the long-form was a forged document,” Vallely said.
“No members of Congress will take this on. The word I get out of Washington is that they don’t want to challenge this because it would be in fact a felony offense and in some cases may be even treasonous and [they are] afraid of a black backlash from some of the urban areas,” Vallely said.
“But that’s a very poor excuse for not taking necessary steps to make sure this president in fact is a legitimate president under Article 2 and he is a born U.S. citizen.”
The departments of government designed to uncover wrongdoing, in this case, are on the wrong side, he said.
“I think they’re (the FBI) covering for this administration. I think the corruption within this administration is so proliferated through the agencies of government now, we’re just in a bad situation here. I think the lack of confidence in our government is growing and many feel that not only all the members of Congress but even our courts are corrupted at this time,” he said.
The questions over Obama’s eligibility to occupy the Oval Office under the requirements in the Constitution that call for a “natural born citizen” have been raised since before he was elected.
Russia and China’s New World Order: Chinese President Calls for Global Governance With Increasing Power for China and Russia Over Global Economic System
I imagine sometimes in my most optimistic moments that one day I will live in the midst of a true free market economy, where the tides of trade and investment, the ebb and flow of commerce, are a rather beautiful thing. A marketplace without centralized manipulation, were legitimate supply and demand are elevated instead of obscured, and toxic financial instruments, crooked corporate institutions, and even faulty currencies, are allowed to finally meet their long deserved demise because they no longer serve the needs of our nation and our culture. I imagine an economy that is not only continuously shedding off old skins and renewing itself as our society grows, but one whose primary purpose is to nurture and expedite that growth. I imagine an economy that works FOR the people, not against them. Like I said, “optimistic".
In today’s economy, we have something quite different. We are imprisoned in a labyrinthian deathtrap of a mainstream system, one that feeds endless fiat formaldehyde into the crusted veins of a long since corpsified infrastructure; a financial golem, a wraith, a thing that creeps across the dark horizon of our country’s future waiting to unleash a special kind of hell. A thing that should not exist.
We live in an unnatural and monstrous economy. A Frankenstein creation… Read More
Is This It? Mass Rioting, Civil Unrest In Greece As Economists Warn Of Global ‘Armageddon Scenarios’
June 16, 2011
By Steve Watson
As protesters continue to run riot in the streets, economists are warning that the whole of Europe and by extension, the rest of the world could face financial armageddon should Greece default on its debt, in the absence of a second bailout.
Financial experts are warning of a ‘Lehman Moment’ as the European markets are beginning to show signs of unraveling in the wake of the Greek crisis.
“The markets have moved from simply pricing in a high probability of a Greek debt default to looking at a scenario of it becoming disorderly and of contagion spreading to other economies like Portugal, like Ireland, and maybe Spain, Italy and Belgium.” a former UK Treasury official told Bloomberg news. Read More
The White House said Wednesday that it will send a report and legal analysis to Congress outlining the mission in Libya and the administration's legal rationale for believing that President Obama is acting in accordance with the War Powers Act.
White House press secretary Jay Carney said that the more than 30-page report and analysis will be sent to Congress Wednesday afternoon.
Carney also issued a warning, saying it is "important for Congress not to send mixed signals about a goal… we all share."
Reps. Dennis Kucinich (D-Ohio), Walter Jones (R-N.C.) and eight other members announced a lawsuit against the administration on Wednesday. The lawmakers say that the White House broke the law when it launched military operations against Libyan strongman Col. Moammar Gadhafi in March without congressional authorization. Read More
Bernanke Helps Out China and Beyond (Now foreigners in control of part of U.S. money supply)
June 15, 2011
By Rober Wenzel
6/13/11
ZeroHedge has done some fascinating reporting with regard to the explosion in the cash balances of branches of foreign banks who are primary dealers.
Primary dealers are dealers who can deal directly with the Federal Reserve. They are the usual suspects Goldman Sachs, JPMorgan Chase etc. plus the branches of foreign banks approved by the Fed. Here is the list via ZH, with the foreign branches in bold: Read More
"Think the TSA was just restricted to airports? Think again."
June 15, 2011
By Paul Joseph Watson
If you’re still living under the delusion that the TSA is just restricted to airports then think again. A joint VIPR “security exercise” involving military personnel has Transportation Security Administration workers covering 5,000 miles and three states, illustrating once again how the TSA is turning into a literal occupying army for domestic repression in America.
The TSA, in alliance with a whole host of federal, state, local agencies as well as military personnel, is currently conducting a massive “security exercise” throughout Ohio, Kentucky and West Virginia.
“The participating teams are composed of a variety of TSA assets including federal air marshals, canine teams, inspectors and bomb appraisal officers. They will be joined by state and local law enforcement officials to supplement existing resources, provide detection and response capabilities. The exercise will utilize multiple airborne assets, including Blackhawk helicopters and fixed wing aircraft as well as waterborne and surface teams,” reports the Marietta Times. Read More
The Bilderberg Group’s plan to rescue the eurozone and preserve future plans for a global currency is in tatters, as the Greek debt crisis spirals out of control and the return of national currencies to replace the euro becomes a real possibility.
Bilderberg were successful in achieving their objective of saving the single currency from collapse following last year’s conference in Spain, but their efforts this year appear to be in vain, with economic analysts increasingly predicting the demise of the euro and a return to national monetary sovereignty.
Writing in the Financial Times, economist Nouriel Roubini predicts that the eurozone is heading for a break up, forecasting a return to national currencies and the death of the euro following a period of five years. Read More
Actually, the headline is a little misleading. The biggest losers at last night’s CNN debate were the people who tuned in for political enlightenment, and ended up watching a two-hour game show. CNN’s moderator, John King, had me thinking of Rudyard Kipling and “good old grinnin’, gruntin’ Gunga Din” — but without the ironic redemption. Any political insight got lost in King’s continuous “uh uh uh uh uh” soundtrack that kicked in within seconds of a Republican attempting to speak. Not that there was much insight to be had in a format that insisted on asking “This or That?” questions, such as “Thin crust or deep dish?”
As I wrote in my column for The Week moments after the debate concluded, it’s not that we went into the debate with high expectations anyway, but CNN managed to fail to meet even the low bar set previously by the media for presidential debates: Read More
WASHINGTON (The Blaze/AP) — President Barack Obama says his wife and daughters aren’t “invested” in him being president and would have been fine had he decided against running for re-election. But he says they believe in what he’s doing for the country.
Asked about his family’s reaction to his wanting another term, Obama said: “Michelle and the kids are wonderful in that if I said, `You know, guys, I want to do something different,‘ They’d be fine. They’re not invested in daddy being president or my husband being president.”
He also said “there are days where I say that one term is enough:” Read More
