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Friday, April 27, 2012

The Bailout Of The US Postal Service Begins: Cost To Taxpayers - $110,000 Per Union Vote "Saved Or Gained"



The Bailout Of The US Postal Service Begins: Cost To Taxpayers - $110,000 Per Union Vote "Saved Or Gained"
http://www.zerohedge.com/news/bailout-postal-service-begins-cost-taxpayers-110000-vote-saved-or-gained

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Bernanke Calls Krugman "Reckless"; Krugman and Bernanke Both in Academic Wonderland Somewhere Deep in Outer Space



Bernanke Calls Krugman "Reckless"; Krugman and Bernanke Both in Academic Wonderland Somewhere Deep in Outer Space
http://globaleconomicanalysis.blogspot.com/2012/04/bernanke-calls-krugman-reckless-krugman.html

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Want to Know Just How Close the Muslim Brotherhood Is to the Obama Admin?



Want to Know Just How Close the Muslim Brotherhood Is to the Obama Admin?
http://www.theblaze.com/stories/want-to-know-just-how-close-the-muslim-brotherhood-is-to-the-obama-admin/

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Want to Know Just How Close the Muslim Brotherhood Is to the Obama Admin?



Want to Know Just How Close the Muslim Brotherhood Is to the Obama Admin?
http://www.theblaze.com/stories/want-to-know-just-how-close-the-muslim-brotherhood-is-to-the-obama-admin/

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Ron Paul Statement on Labor Department Regulations Affecting Family Farms



Ron Paul Statement on Labor Department Regulations Affecting Family Farms
http://www.ronpaul2012.com/2012/04/26/ron-paul-statement-on-labor-department-regulations-affecting-family-farms/

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Stunned Home Buyers Find Bidding Wars Are Back



Stunned Home Buyers Find Bidding Wars Are Back
http://online.wsj.com/article/SB10001424052702304723304577366294046658820.html

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CISPA Passes House With Strong GOP Support



CISPA Passes House With Strong GOP Support
http://reason.com/blog/2012/04/26/cispa-passes-house-with-strong-gop-suppo

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Will the Fiscal Cliff Eat the Recovery, Such as It Is?



Will the Fiscal Cliff Eat the Recovery, Such as It Is?
http://www.nakedcapitalism.com/2012/04/will-the-fiscal-cliff-eat-the-recovery-such-as-it-is.html

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Thursday, April 26, 2012

Al Shabaab's Threat to Kenya | Stratfor

Al Shabaab's Threat to Kenya | Stratfor

Here’s Why Earnings Season Can’t Reflect Reality | Shah Gilani's Wall Street Insights and Indictments

Here’s Why Earnings Season Can’t Reflect Reality | Shah Gilani's Wall Street Insights and Indictments

There's Always Money in this Fund | Oil and Energy Investor

There's Always Money in this Fund | Oil and Energy Investor

Family groups aim to save child tax credit



Family groups aim to save child tax credit
http://thehill.com/blogs/on-the-money/domestic-taxes/223859-family-groups-aim-to-save-child-tax-credit

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Obama’s Slippery Definition of ‘Wealthy’



Obama's Slippery Definition of 'Wealthy'
http://www.nationalreview.com/campaign-spot/297035/obamas-slippery-definition-wealthy

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How to Encourage Racism and Hatred for Political Gain « Intellectual Conservative Politics and Philosophy

How to Encourage Racism and Hatred for Political Gain « Intellectual Conservative Politics and Philosophy

Lost, then found? Official says missing MF Global money located | Fox News

Lost, then found? Official says missing MF Global money located | Fox News

Mish's Global Economic Trend Analysis: 53% of New Graduates are Jobless or Underemployed; Rude Awakening for Class of 2012; Useless Degrees; Who Benefits From Student Aid?

Mish's Global Economic Trend Analysis: 53% of New Graduates are Jobless or Underemployed; Rude Awakening for Class of 2012; Useless Degrees; Who Benefits From Student Aid?

Wednesday, April 25, 2012

Missouri House votes for Gold and Silver Tender – Tenth Amendment Center Blog

Missouri House votes for Gold and Silver Tender – Tenth Amendment Center Blog

Jan Brewer: Constitutionalist or Pelosi Supporter? – Tenth Amendment Center

Jan Brewer: Constitutionalist or Pelosi Supporter? – Tenth Amendment Center

Dollar Falls as Bernanke Says He’s Prepared to Add More Stimulus - Bloomberg

Dollar Falls as Bernanke Says He’s Prepared to Add More Stimulus - Bloomberg

The India-China Rivalry by Robert D. Kaplan | Stratfor

The India-China Rivalry by Robert D. Kaplan | Stratfor

Is there a drone in your neighbourhood? Rise of killer spy planes exposed after FAA is forced to reveal 63 launch sites across U.S. | Mail Online

Is there a drone in your neighbourhood? Rise of killer spy planes exposed after FAA is forced to reveal 63 launch sites across U.S. | Mail Online

Yaron Answers: Insider Trading Laws - YouTube

Yaron Answers: Insider Trading Laws - YouTube

Bob Chapman


US MARKETS
Zero interest rates certainly limits what the elitists can do in that end of the market. It is becoming more and more evident that the Fed is not making the final decisions, they are being made by JPM and Goldman Sachs, as we touched on negative rates not all that long ago. The Fed was forced into the market. We fear that negative rates are on the way unless the Fed wants to buy all the Treasury issuance, not just 61%, which they admit too. This really would force all bonds higher and yields lower. Of course, there is always the possibility of the issue of floating rate bonds. Those bonds would tend to give higher yields overall.
Europe is reentering the spotlight and it is not an auspicious entry. The EU officials still believe Spain will not need financial support. This, the 5th largest economy in the euro zone and presently has public debt of GP OF 68%. Experts believe that that number will be 120% in 2013. Their property bubble ended in 2007 and since then prices have fallen 38%. Spain borrowed $225 billion about 50% what everyone else was borrowing. This past week it did 2 and 10-year paper for about $333 trillion. The bid to cover was 3.3% (2 to 1 is normal), so there was plenty of demand for the bonds. We might add a good part of the buying came from banks that borrowed LTRO funds to do so. Rumors of recapitalization are in the works, but we do not see that happening. It would force the opening of Spain’s domestic banking to industry and foreign ownership. The banks in turn lose the subsidies and we are sure the Rothschild’s and Europe’s royalty would not like it very much.
The IMF raised $420 billion in new capital to be thrown into the pot and is looking for an additional $262 billion. At the same time Spain for the 10th time says we do not need rescue funds for their banks – we will see. It could be a difficult affair inasmuch as Holland will have a new government in the fall. Lending free funds is one thing, but borrowing to lend and creating debt to lend is another. The Dutch are going to have to go into austerity just to financially help others and that be over. Worse yet, Fitch is now going to probably lower their debt rating.
Spain’s answer looks to be two sets of books which so many banks, sovereigns and corporations used in the US and UK. One for good assets, one for bad, the latter to be written off over 50 years. Even after $200 billion or so was borrowed to purchase it was not enough for Spanish banks, 10-year bonds to keep the yield from rising to almost record levels.

We do not think Spain will be rescued. $1.5 trillion is a lot of money and even if it is, how long will it last? The world has to recognize monetization problems but the major problem is a global system that is out of control. Global credit has been expanded, unchecked and each day it worsens, particularly among banks and sovereigns.
As we wrote in 1991, the euro was going to be a disaster and essentially it has been. As we wrote long ago one interest rate cannot fit all, because of different stages of development. This caused more then 10 years of prolonged mispricing of pricing in credit and bonds. What we have as a result is a dysfunctional global monetary apparatus. Leveraged speculation is what is going on and it hasn’t stopped. Use of derivatives has gone exponential, which makes it even worse.

This past week was not a good one for bonds, particularly that of Greece, Spain and Italy. The Europeans keep talking recovery and none has appeared as yet.
The ECB has to sort this mess out and it is impossible for them to do. There are not going to be any soft landings. Everyone is going to be touched by this disaster. China will be touched as well. The Fed, and other central banks will continue to inject massive amounts of funds into their monetary systems. They have no choice.

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We have a long way to go. These conditions could last for five years, who knows? What we do know is hyperinflation is on its way. Accumulate your gold and silver shares, coins and bullion while they are still inexpensive. You have no other choice. Go long and stay long.
Last week the Dow rose 1.4%; S&P rose 0.6%; the Russell 2000 added 1% and the Nasdaq 100 fell 0.9%. Consumers rose 1.4%; utilities 1.9% and cyclicals were unchanged and transports added 0.7%. High tech fell 0.5%; semis fell 2.7%; Internets rose 0.3% and biotech’s rose 8.1%. Gold fell $15.00, the HUI fell 2.5% and the USDX fell 0.9 to 79.19.
Two-year T-bills were unchanged at 0.27%. The 10-year T-note fell 2bps to 1.96%, and the 10-year German bund fell 2 bps to 1.71%.
The Fannie Mae 30-year fixed rate mortgage fell 2 bps to 3.9%. The 15’s rose to 3.13%; one-year ARM’s rose 1 bps to 2.81% and the 30-year fixed fell 1 bps to 4.47%.
Fed credit jumped $21.7 billion, up 7.8% yoy. Fed foreign holdings of Treasury, Agency paper rose $2.2 billion. Custody holdings were up 2.1% yoy.
M2, narrow, money supply fell $6.2 billion to $9.828 trillion; that is 6.9% annualized and ytd was up 9.6%.

Total money market funds were unchanged. Commercial paper outstanding rose $4.1 billion to $933 billion.
As we predicted the Dutch Parliament has collapsed. That means the right will take over and a coalition government will take place, and that means no more bailouts from Holland, and perhaps a withdrawal of from previous commitment. The Dutch debt is 4.6% of GDP and that must be cut 3%. This is for interest on bonds sold to pay off the debts of the banks. Now the big question is will the rating house downgrade Holland? The Iranians have said they are going to control the Straight of Hormuz. Let’s see what happens. There may be another twisting of the US’s tail.
The covering of Holland over the few weeks by the IF made readers aware that, that was Holland was headed for big trouble and as we predicted in September or October it was a big bubble. Now, we have been able over time to keep track of Belgium the home of the EU and euro zone. Earlier in the year it cost them $7.13 billion and another $71.9 billion plus they took $182.2 billion in and guaranteed bank debt. Plus, $20.7 billion and $11.4 billion in additional bank guarantees. Debt to GDP was 139.2. The numbers are unbelievable yet, no one ever discusses it. That is why we include Belgium with the other six users. They are the next victim.
The Dow fell 102 to 12,926, the S&P fell 105 and Nasdaq fell 180 Dow points. The 10-year T-note yielded 1.94%. The yen fell .0064 to $.9038; the euro fell .0069 to $1.3050; the pound rose .0019 to $1.6112; the Swiss franc fell .0064 to $.9138 and the Canadian dollar rose .0010 to $1.0067. The USDX rose .27 to 79.41.
Oil fell $0.80 to $103.00, gas fell $0.04 to $3.18 and natural gas rose $0.98 to $2.21. Copper fell $0.06 to $3.64, platinum fell $26.00 to $1,558.20 and palladium fell $5.50 to $671.46. The CRB fell .80 to 300.40.

Authorities in Georgia say a grandmother foiled a robbery attempt by two armed men by getting into a shootout with them, injuring one man.
Police told The Telegraph that Lulu Campbell just dropped off her grandson at her daughter's house early Saturday morning when someone demanded money outside her car, threatening to shoot her.

Campbell says the man fired at her, missing. The 57-year-old fired back, striking him in the chest. Her truck sustained eight bullet holes in the hood, one in the grill. Both front side windows were destroyed. The second man fled after she shot at him.
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Campbell, who owns convenience stores and gas stations, always is armed.
Police say 32-year-old Brenton Lance Spencer has been hospitalized and was charged with aggravated assault and attempted armed robbery.

The 2nd Amendment is becoming more and more under attack as not only Bank of America, but also Craigslist, EBay and PayPal as they give thumbs down to any transactions concerning guns or Ammo. Gun owners are more and more becoming isolated from being able to purchase or manufacture guns. It’s damn close if not full blown tyranny. For people who love guns, it’s another long line of BS that they have had to put up with. It’s good to see that Mr. McMillan no longer accepts Bank of America credit cards as payment for any of his products. We all in the gun community should disassociate ourselves from this corrupt bank ASAP.
The economic impact of the firearms industry is up 66 percent since the beginning of the Great Recession, providing an unexpected shot in the arm for the economy, according to a new study.
The National Shooting Sports Foundation says the economic impact of firearm sales — a figure that includes jobs. taxes and sales — hit $31 billion in 2011, up from $19 billion in 2008.

Jobs in the firearms business jumped 30 percent from 2008 to 2011, when the industry employed 98,750.
The industry paid $2.5 billion in federal taxes in 2011, up 66 percent in three years. "Ours is an industry with a rich history and heritage that remains vital and important to the American economy today," NSSF Senior Vice President Lawrence G. Keane said in a statement. "To millions of Americans our industry's products represent liberty, security and recreation."
Some in the industry attribute the jump in sales to fears the Obama administration will tighten gun control laws in a possible second term.
"There's a concern that in the second term the Obama administration would lead an attempt to restrict gun ownership," Mr. Keane said.

That concern, known in the industry as "the Obama factor," has led many gun owners to purchase now in hopes of avoiding more restrictions and regulations later.
"Some people jokingly refer to [President Obama] as the salesman of the year for the industry," Mr. Keane said.

Mr. Keane said the president doesn't deserve all the credit for the sales growth. He said more young people and women are getting into gun ownership.
"You cannot attribute all the increase simply to the Obama factor," he said. "It's a factor, it's an important factor, but it's not the only reason."

Although there is no single indicator that tracks the number of firearms sold in the country, the FBI reported that a record 14.4 million criminal background checks were requested for gun purchases in 2010, and that preliminary numbers project the figure to be above 16 million for 2011.
According to the NSSF's numbers, requests for gun-related background checks was up some 17.3 percent for the month of January 2012 compared to the same period a year earlier — the 20th straight monthly increase in background check requests.

FBI officials say that just over 1 percent of such background checks result in denials, and not every background check results in a final gun purchase. But the numbers are widely considered a reliable proxy for gun sales trends generally.
Wal-Mart Stores Inc. may spend hundreds of millions of dollars investigating $24 million in alleged Mexican bribes as the U.S. government weighs
4
whether the company or executives also broke the law by covering up an internal probe, former federal prosecutors said.
The company said it’s aiding U.S. probes of payments detailed April 21 in the New York Times. The newspaper said Wal-Mart de Mexico failed to fully investigate the bribe claims as well as well as $16 million in “donations” to Mexican local governments to fuel store expansion in the country up to 2005.
Wal-Mart disclosed the payments to the Justice Department and Securities and Exchange Commission, according to a December 2011 regulatory filing, and said its outside advisers are briefing the agencies on its own probe. Prosecutors will want to know why Wal-Mart didn’t fully examine claims in 2005 by a company lawyer that he funneled bribes to Mexican officials, said Paul Pelletier, a former federal prosecutor.
“If somebody put the kibosh on the investigation, a good prosecutor would ask a lot of questions to figure out why,” said Pelletier of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, who previously supervised foreign bribery cases. “It may not be just about the bribery scheme anymore. The questions about why it was or wasn’t investigated fully are going to have potential legal ramifications for the company and individuals, which is why the company would want to dig in there.”

Demand for new U.S. homes was stronger than projected in March, showing more jobs and cheaper borrowing costs are helping stabilize the market.
Houses sold at a 328,000 annual rate, down from an upwardly revised 353,000 pace in February that was the highest in two years, according to Commerce Department data issued today in Washington. The median estimate in a Bloomberg News survey forecast a rate of 319,000. Other reports showed home prices are stabilizing and consumer confidence was little changed.
Job gains, mortgage rates close to all-time lows and cheaper properties are underpinning residential real estate, which has been the economy’s weak spot. At the same time, immediate progress will be limited by distressed properties that will continue to hold down property values.
“Housing is going to gradually dig out of this deep hole because the job market is going to be firming,” said Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, the only analyst to correctly forecast the sales pace.
“The one thing is the foreclosure pipeline,” Sweet said. Home values “may still have a little more room to fall, but this will probably be the year that prices find a bottom.”
Stocks rose, led by homebuilder shares. The Standard & Poor’s 500 Index climbed 0.5 percent to 1,373.19 at 12:01 a.m. in New York. The S&P Supercomposite Homebuilding gauge was up 3.3 percent.

Elsewhere today, reports showed Britain’s budget deficit unexpectedly widened in March and inflation in Australia cooled.
A gauge of U.S. consumer confidence has declined for a second month, ticking down in April on lower expectations, even as views on the present situation increased, the Conference Board reported Tuesday. The consumer-confidence index fell to 69.2 in April from a revised March reading of 69.5. A prior estimate had pegged March's confidence level at 70.2. "As was the case last month, the slight dip was prompted by a moderation in consumers' short-term outlook, while their assessment of current conditions continued to improve," said Lynn Franco, director of the Conference Board's consumer research center. "Overall, consumers are more upbeat about the state of the economy, but they remain cautiously optimistic." Generally when the economy is growing at a good clip, confidence readings are at least 90. Economists polled by MarketWatch had expected a reading of 70 for April.
5
Confidence among U.S. consumers was little changed in April as expectations over the outlook tempered increased optimism about the present.
The Conference Board’s confidence index was at 69.2 com- pared to a revised 69.5 in the prior month, figures from the New York-based private research group showed today. The median forecast of economists surveyed by Bloomberg News called for a reading of 69.6.

SHORT NOTES
As the cost of attending U.S. colleges and universities surges, student-loan debt is turning into ‘a significant drag on the housing market,’ according to Pierre Lapointe, a Brockhouse & Cooper Inc. strategist. ...tuition expense has risen about three times as fast as wages since 2001 before accounting for inflation, according to data from the Labor Department. At the same time, the average wage for American workers between the ages of 25 and 34 dropped 7%. Borrowing to pay for college exceeded $1 trillion within the past few months...”
Law school graduates are leaving college with an average of $100,433 in debt at a time when new lawyers outnumber legal jobs, according to a survey from U.S. News & World Report. Graduates of California Western School of Law have an average of more than $153,000 in loans, the most among law schools nationwide... Average tuition and fees for private law schools have jumped 73% since 1999 to $35,743 in 2009, an American Bar Association survey shows.
States’ tax collections grew for the eighth straight quarter at the end of 2011, for the first time topping peak revenue levels seen at the start of the most recent recession, according to the Rockefeller Institute of Government and Census Bureau data. States’ tax revenues rose by 3.6% in the fourth quarter of 2011, compared with a year ago. 

Indonesia's Geographic Challenge - YouTube

Indonesia's Geographic Challenge - YouTube

You Don't Need This "Recovery" - Umair Haque - Harvard Business Review

You Don't Need This "Recovery" - Umair Haque - Harvard Business Review

Watch out! Is the Fed pushing us into another bubble? - The Term Sheet: Fortune's deals blog Term Sheet

Watch out! Is the Fed pushing us into another bubble? - The Term Sheet: Fortune's deals blog Term Sheet

Finding the Culprits of the Crisis

Finding the Culprits of the Crisis

George Zimmerman did not apologize for killing Trayvon - YouTube

George Zimmerman did not apologize for killing Trayvon - YouTube

Ron Paul Wins Iowa!! - YouTube

Ron Paul Wins Iowa!! - YouTube

Official Resigns | Fast and Furious | Virgin Islands | The Daily Caller

Official Resigns | Fast and Furious | Virgin Islands | The Daily Caller

Obama Again Reminds Voters He and First Lady ‘Didn’t Come From Wealthy Families’ | CNSNews.com

Obama Again Reminds Voters He and First Lady ‘Didn’t Come From Wealthy Families’ | CNSNews.com

Social Security Faces Unfunded Liability of $8.6T, or $73,167.83 Per Household | CNSNews.com

Social Security Faces Unfunded Liability of $8.6T, or $73,167.83 Per Household | CNSNews.com

Why Vote Libertarian? - YouTube

Why Vote Libertarian? - YouTube

Sen. Rand Paul Introduces Amendment To Expedite Life Saving Medicines - 04/25/2012 - YouTube

Sen. Rand Paul Introduces Amendment To Expedite Life Saving Medicines - 04/25/2012 - YouTube

Many US hospitals, including children's hospitals, continue to serve McDonald's fast food in their cafeterias

Many US hospitals, including children's hospitals, continue to serve McDonald's fast food in their cafeterias

Case-Shiller Index: Is This the Housing Market Bottom? - Money Morning

Case-Shiller Index: Is This the Housing Market Bottom? - Money Morning

Mish's Global Economic Trend Analysis: U.S. Creates New Spy Service (Because 16 Intelligence Agencies is Not Enough)

Mish's Global Economic Trend Analysis: U.S. Creates New Spy Service (Because 16 Intelligence Agencies is Not Enough)

120425 - Mexico & Russia Get Physical - YouTube

120425 - Mexico & Russia Get Physical - YouTube

One Nation Under Debt With Endless Debt Slavery For All



One Nation Under Debt With Endless Debt Slavery For All
http://endoftheamericandream.com/archives/one-nation-under-debt-with-endless-debt-slavery-for-all

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Sheriff Joe releasing more on Obama, attacks begin



Sheriff Joe releasing more on Obama, attacks begin
http://www.wnd.com/2012/04/sheriff-joe-releasing-more-on-obama-attacks-begin/

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Portuguese Finance Minister Admits Keynesian Stimulus Was a Flop



Portuguese Finance Minister Admits Keynesian Stimulus Was a Flop
http://www.cato-at-liberty.org/portuguese-finance-minister-admits-keynesian-stimulus-was-a-flop/

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22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets



22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets
http://theeconomiccollapseblog.com/archives/22-red-flags-that-indicate-that-very-serious-doom-is-coming-for-global-financial-markets

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MF Global: The Untold Story of the Biggest Collapse Since Lehman - Reckless Disregard



MF Global: The Untold Story of the Biggest Collapse Since Lehman - Reckless Disregard
http://jessescrossroadscafe.blogspot.com/2012/04/mf-global-untold-story-of-biggest.html

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Tuesday, April 24, 2012

Jon Lovitz | Obama | Asshole | The Daily Caller

Jon Lovitz | Obama | Asshole | The Daily Caller

Washington sues Florida city over firefighter tests | Reuters

Washington sues Florida city over firefighter tests | Reuters

Russia's Strategy | Stratfor

Russia's Strategy | Stratfor

The Man the Banks Fear Most

The Man the Banks Fear Most

Frontline: What You Need to Know About the Financial Crisis | The Big Picture

Frontline: What You Need to Know About the Financial Crisis | The Big Picture

Congress and Long-Term Unemployment : The New Yorker

Congress and Long-Term Unemployment : The New Yorker

IT’S OFFICIAL: Keynes Was Right | Daily Ticker - Yahoo! Finance

IT’S OFFICIAL: Keynes Was Right | Daily Ticker - Yahoo! Finance

Haters win We lose - YouTube

Haters win We lose - YouTube

U.S.-Russia BMD Negotiations Stall (Dispatch) - YouTube

U.S.-Russia BMD Negotiations Stall (Dispatch) - YouTube

US-Afghan security pact sends warning to al-Qaida | CNSNews.com

US-Afghan security pact sends warning to al-Qaida | CNSNews.com

13th Quarter Jinx for Obama? | CNSNews.com

13th Quarter Jinx for Obama? | CNSNews.com

The Third Gun | Washington Free Beacon

The Third Gun | Washington Free Beacon

9 Biggest Banks = $228.72 Trillion in Derivative Exposure | The Big Picture

9 Biggest Banks = $228.72 Trillion in Derivative Exposure | The Big Picture

Origins of the Indebted American Homeowner - Bloomberg

Origins of the Indebted American Homeowner - Bloomberg

IRA Analyst - Duration Risk: How the Fed is Creating the Next Financial Crisis

IRA Analyst - Duration Risk: How the Fed is Creating the Next Financial Crisis

Birth to 12 years in 2 min. 45. | The Big Picture

Birth to 12 years in 2 min. 45. | The Big Picture

For LinkedIn Founder Reid Hoffman, Relationships Rule the World | Epicenter | Wired.com

For LinkedIn Founder Reid Hoffman, Relationships Rule the World | Epicenter | Wired.com

For LinkedIn Founder Reid Hoffman, Relationships Rule the World | Epicenter | Wired.com

For LinkedIn Founder Reid Hoffman, Relationships Rule the World | Epicenter | Wired.com

Step aside, old man. Let imagination lead the way. | The Big Picture

Step aside, old man. Let imagination lead the way. | The Big Picture

Cirrus Logic (NASDAQ: CRUS) Zeroes in on the $1 Billion LED Market - Money Morning

Cirrus Logic (NASDAQ: CRUS) Zeroes in on the $1 Billion LED Market - Money Morning

Medicare Faces Unfunded Liability of $38.6T, or $328,404 for Each U.S. Household | CNSNews.com

Medicare Faces Unfunded Liability of $38.6T, or $328,404 for Each U.S. Household | CNSNews.com

Mish's Global Economic Trend Analysis: Point of No Return: "Australia is Screwed"

Mish's Global Economic Trend Analysis: Point of No Return: "Australia is Screwed"

A Hard Look at the President - NYTimes.com

A Hard Look at the President - NYTimes.com

Biden Jokes about Secret Service Threatening to Shoot Florida’s Fish and Wildlife Conservation Commissioner | CNSNews.com

Biden Jokes about Secret Service Threatening to Shoot Florida’s Fish and Wildlife Conservation Commissioner | CNSNews.com

Veteran Survives 3 Tours Of Duty But He’s Gunned Down In Lancaster « CBS Los Angeles

Veteran Survives 3 Tours Of Duty But He’s Gunned Down In Lancaster « CBS Los Angeles

Rare color photos from 1930s-40s Pictures - CBS News

Rare color photos from 1930s-40s Pictures - CBS News

G.A.O. Says Medicare Test Project Is Wasting $8 Billion - NYTimes.com

G.A.O. Says Medicare Test Project Is Wasting $8 Billion - NYTimes.com

'Someone Kill the Judge' | The Weekly Standard

'Someone Kill the Judge' | The Weekly Standard

WH: No WH staff involved in prostitution scandal | Campaign 2012 | Washington Examiner

WH: No WH staff involved in prostitution scandal | Campaign 2012 | Washington Examiner

NYT: Shift on executive power lets Obama bypass rivals - politics - The New York Times - msnbc.com

NYT: Shift on executive power lets Obama bypass rivals - politics - The New York Times - msnbc.com

Trumka’s Big Bucks | Washington Free Beacon

Trumka’s Big Bucks | Washington Free Beacon

Man Beaten By Mob In Critical Condition - YouTube

Man Beaten By Mob In Critical Condition - YouTube

Democrats plan to force vote on Arizona immigration law if it’s upheld by court - The Washington Post

Democrats plan to force vote on Arizona immigration law if it’s upheld by court - The Washington Post

French Elections and the Rise of Fringe Parties (Dispatch) - YouTube

French Elections and the Rise of Fringe Parties (Dispatch) - YouTube

Michael Savage - The Thought Police / Language Police TV Segment - YouTube

Michael Savage - The Thought Police / Language Police TV Segment - YouTube

French far-right leader blasts Goldman Sachs, euro - Economic Times

French far-right leader blasts Goldman Sachs, euro - Economic Times

120424 - EU Unraveling - YouTube

120424 - EU Unraveling - YouTube

Yaron Answers: School Vouchers - YouTube

Yaron Answers: School Vouchers - YouTube

Mish's Global Economic Trend Analysis: Public Unions Bankrupt Illinois: Unpaid Bills Top $9 Billion as Comptroller Reports "State Treading Water"; Mish's Eight-Point "Bold" Plan to Save Illinois

Mish's Global Economic Trend Analysis: Public Unions Bankrupt Illinois: Unpaid Bills Top $9 Billion as Comptroller Reports "State Treading Water"; Mish's Eight-Point "Bold" Plan to Save Illinois

Monday, April 23, 2012

NY Times: Obama to Expand Use ... (theblaze.com)



NY Times: Obama to Expand Use of Executive Power and Bypass Congress More
http://www.theblaze.com/stories/ny-times-obama-to-expand-use-of-executive-power-and-bypass-congress-more/

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14 Awful Facts About The Frenc... (businessinsider.com)



14 Awful Facts About The French Economy
http://www.businessinsider.com/14-reasons-france-is-under-fire-2012-4

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Possible NATO Role Eyed in Syria Conflict | CNSNews.com

Possible NATO Role Eyed in Syria Conflict | CNSNews.com

Test of Fire: Election 2012 (Official HD Version - Catholic) - YouTube

Test of Fire: Election 2012 (Official HD Version - Catholic) - YouTube

Department of Homeland Security buying up enough ammo to wage seven-year war against the American people

Department of Homeland Security buying up enough ammo to wage seven-year war against the American people

A Narrowing Funnel | Shah Gilani's Wall Street Insights and Indictments

A Narrowing Funnel | Shah Gilani's Wall Street Insights and Indictments

Stock Index Market Commentary S&P 500 Nasdaq Dow Jones - YouTube

Stock Index Market Commentary S&P 500 Nasdaq Dow Jones - YouTube

Stimulus High Fading, Dollar, Gold, History According to Obama - YouTube

Stimulus High Fading, Dollar, Gold, History According to Obama - YouTube

"If I wanted America to fail" - YouTube

"If I wanted America to fail" - YouTube

120423 - BRICS Demand Bigger IMF Role - YouTube

120423 - BRICS Demand Bigger IMF Role - YouTube

Mish's Global Economic Trend Analysis: New "Temporary" Border Controls a Vote of No Confidence in Europe; In France, Old Protectionist Idea Reawakened; Disastrous Global Trade Wars Coming Up

Mish's Global Economic Trend Analysis: New "Temporary" Border Controls a Vote of No Confidence in Europe; In France, Old Protectionist Idea Reawakened; Disastrous Global Trade Wars Coming Up

Sunday, April 22, 2012

Joel Kotkin: The Great Califor... (online.wsj.com)



Joel Kotkin: The Great California Exodus
http://online.wsj.com/article/SB10001424052702304444604577340531861056966.html#printMode

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RIP: Facts (360 B.C.-A.D. 2012... (ritholtz.com)



RIP: Facts (360 B.C.-A.D. 2012)
http://www.ritholtz.com/blog/2012/04/rip-facts-360-b-c-a-d-2012/

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Millennials Turning Away from ... (visiontoamerica.org)



Millennials Turning Away from Obama
http://visiontoamerica.org/9323/millennials-turning-away-from-obama/

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Tennessee Sheriffs Cracks Down... (chrisinmaryville.net)



Tennessee Sheriffs Cracks Down On Obama Federal Agents Gone Wild
http://chrisinmaryville.net/tennessee-sheriffs-cracks-down-on-obama-federal-agents-gone-wild.html

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Blog: Obama's Justice Departme... (americanthinker.com)



Blog: Obama's Justice Department now referring media inquiries to Media Matters
http://www.americanthinker.com/blog/2012/04/obamas_justice_department_now_referring_media_inquiries_to_media_matters.html

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Education Department buying 12-gauge shotguns

Education Department buying 12-gauge shotguns

Bob Chapman


US MARKETS

For a company whose corporate motto is "Don't Be Evil," Google Inc. certainly has found itself at the receiving end of its share of lawsuits, claims and controversies. Still, even by Google's standards this past week has been a difficult one.
A strange press release touting a company calling itself "Planetary Resources"--which promises to combine the "space exploration and natural resource" sectors and is being backed by a who's who of technorati and big-name investors including Google co-founders Larry Page and Sergey Brin--is providing plenty of fodder for speculation in the press ("Is asteroid mining in our near future?"). But not even an announcement that Google itself was about to go interplanetary would be enough to keep the company's legal woes off the business pages of the newspapers (let alone its own online news service).
Dominating the attention of the tech world at the moment is Oracle's lawsuit against Google over an alleged misuse of Oracle's programming platform, Java. The claim: Google used some Java in Android, their mobile offering, without licensing. The stakes: Oracle is seeking $1 billion and an injunction from further Android sales until the issue is settled. The hype: Testimony by both Larry Page and Larry Ellison, the CEOs of Google and Oracle respectively, earlier this week generated plenty of buzz and press attention. The bottom line: Oracle's original $6.1 billion claim was thrown out of court because the judge determined that they were essentially making up their calculations, and no one really expects that they will receive the $1 billion they are now asking. In fact, it's far from clear they will be awarded damages at all, although an injunction against the use of Java in Android could be an important and precedent-setting outcome.
But this was not Google's biggest headache of the week.
Corporate governance specialists are accusing co-founders Page and Brin of making the company a dictatorship with a recent proposal to effect a 2:1 stock split that will create a new class of non-voting shares. The deal will create a third tier of Google shares, Class C, that will trade under a different ticker and hold no voting rights. Investors will end up with double the number of shares but their vote will be diluted, effectively consolidating the power of the holders of Class B shares, primarily Page and Brin. Now investors are complaining that this is all just a power grab designed to entrench the co-founders' control over the company at the expense of everyone else.
But this was not Google's biggest headache of the week, either.
Google also finds itself in the crosshairs of an antitrust lawsuit alleging that the company colluded with Apple, Adobe, Intel and three other tech giants to suppress salaries and mobility opportunities for top employees by agreeing not to poach from each other. The suit was brought by five software engineers who are alleging that the accused companies entered into identical bilateral agreements to not recruit each other's employees. They allege that the fact that all seven companies entered into nearly identical reciprocal agreements in secret within a 2-year time span represents a case of illegal collusion. The case cleared its first hurdle this week when U.S. District Court judge Lucy Koh ruled that the charges cannot be dismissed as implausible and the companies will have to face the suit. The case is expected to go to trial in June 2013.
Neither was this Google's major headache, however.
Co-founder Sergey Brin has had to backpedal on comments made in an interview with the Guardian earlier this week in which he effectively said that the biggest threat to freedom and openness on the internet are companies and applications that don't allow Google's bots into their data. Meanwhile, Russian search engine Yandex accused Google of shutting out rivals, raising the specter of the ongoing European Commission antitrust investigation into the company's alleged practice of favoring its own services in its search rankings and locking advertisers in to their services. That investigation is expected to wrap up within days. The search giant is also having to cozy up to the Chinese government, which it made such a point of falling out with in 2010, to win approval for its $12.5 billion purchase of Motorola Mobility.
But these are not Google's biggest headaches this week, either.
What must really be causing sleepless nights in Mountain View this week is the possibility that the Street View fiasco may still not be over. Last Sunday's news that the tech giant had gotten away from the scandal with a $25,000 hangnail ("rap on the knuckles" seems too painful to analogize to such a puny fine) was immediately met with renewed outcry over the affair. The Electronic Privacy Information Center is calling for a full copy of the FCC's report on their investigation, which they insisted on releasing in heavily redacted format. Rep. Edward Markey (D-Mass.) is insisting that the FCC decision leaves many questions unanswered and is calling for a Congressional investigation.
For those unfamiliar with the Street View brouhaha, the scandal erupted in May 2010 when Google was forced to admit that their fleet of Street View camera cars was doing more than taking the occasionally uncomfortable photo of random passers-by while prowling the streets, snapping pictures for their street map database. They were also sniffing wi-fi networks and, supposedly by accident, private information, including emails, passwords, and any other data flowing through unencrypted networks whenever the cars were rolling by. For this heinous breach of personal privacy the company has so far received a lot of stern finger-waggings from various governments' privacy commissioners and now the insignificant FCC fine and threats of (likely ineffectual) investigations by Congress.
Given its track record so far, none of these threatened actions or investigations are particularly frightening to the company behind the most-visited website on the Internet. What is potentially frightening is the thought that the public might actually become interested in the issue of privacy as it relates to Google, because once that can of worms is opened their might be no way to put the lid back on.
In 2010, then-CEO Eric Schmidt gave an interview to the Atlantic where he stated, "Google policy is to get right up to the creepy line and not cross it." Exactly what that creepy line is was never precisely defined, but he did indicate that implanting people with Google microchips was probably across it. Tellingly, though, Schmidt also pointed out that given the amount of information people willingly give to the information trafficker each day, without even typing a word Google can "more or less know what you're thinking about." These words coming from a frequent attendee of the annual Bilderberg conference should at the very least give one pause for thought.
In fact, Google is just one player among many in Silicon Valley who are engaged in a race to rewrite the social norms adhering to the concept of privacy. The FTC and its French counterpart are investigating charges that Google is bypassing Apple's web browser's privacy settings to serve advertising cookies to customers against their will. An investigation earlier this year showed how Facebook was spying on smartphone users' text messages. A report last year that iPhones keep logs of users' personal location data that stays with the user across backups and even device migrations caused shockwaves, especially since recently released internal police documents have demonstrated that Apple and Google are required to help law enforcement break into iPhones and Androids when issued a court order.
This is nothing compared to the technologies that are being prepared for the very near future. Google has admitted since 2006 that it is developing "audio fingerprint" technology that would make use of the user's computer's built-in microphone to "listen in" on the user's environment and deliver relevant advertisements. A dog barking in the background, for example, might elicit advertisements for dog food. Even if these technologies were only and forever assumed to be in benevolent hands, the implications are clear: a home is no longer a castle in the Internet age and old notions of privacy don't exist.
Of course, these spying tools are not in the disinterested hands of advertising executives, a point that has been demonstrated forcefully a number of times over the years. In 2006 a retired AT&T technician blew the whistle on Room 641A, an intercept facility that the NSA set up in an AT&T (later SBC) communication building. Documents revealed by the whistleblower showed that the room was being fed data via beam splitters installed on the fibre optics carrying Internet backbone traffic, and the data was being fed into a Narus STA 6400, designed to analyze Internet communications. The story leads into the NSA warrantless wiretapping scandal and seems to imply that the NSA at the very least had the capability to spy on any and all Internet traffic flowing through that hub.
Also in 2006 an ex-CIA agent went public claiming that CIA seed money had helped to get Google off the ground and that the two had maintained a "small but significant relationship." The story was officially denied by Google, with the whistleblower claiming that the company was lying in an effort to keep the lid on the story. Alarm bells were raised in 2010, however, when it was announced that Google was collaborating with the NSA on cybersecurity operations. For nearly two years, EPIC has been fighting a FOIA battle to get documents about the relationship disclosed to the public, but so far all of those efforts have been stonewalled.
In a groundbreaking story last month James Bamford revealed the nature of a new data center the NSA is building in Utah. According to the insiders sourced in the report, the center will not only be a repository of internet traffic and information, it will also be equipped with state-of-the-art code-breaking technologies that will allow the NSA to open and analyze all of the data they intercept, from financial information to legal documents to military and diplomatic communiques. According to one official: “Everybody’s a target; everybody with communication is a target.”
The public tends to concentrate on isolated stories about privacy issues, but the full picture of government and corporate surveillance is hardly ever put together. When it is it reveals the mind-boggling amounts of data that these entities have already collected on almost anyone with access to electronic communication.
This is only a problem for companies like Google if the public cares. As long as they stay on this side of Eric Schmidt's "creepy line" (however one defines that) and be careful not to upset people too much, they can get away with just about anything. So far, there has not been significant outcry about the Street View fiasco or similar revelations except in isolated tech journals. Most people seem content to sign up for services that track and trace their users' every movement, activity and social relation. Perhaps Facebook CEO Mark Zuckerberg was correct after all when he said the social norm of privacy was "evolving over time."
In any event, Google is a business and just like any other business it will only be forced to change tack when significant numbers of users become aware of and concerned about the issue of online privacy. There are a number of alternative search engines promising privacy and claiming not to record IP addresses, although the majority of the online public doesn't consider this a priority right now. Incidents like the Street View scandal, however, offer the chance to air this dirty laundry and give the public a chance to reflect on just how much our society has altered its views about privacy in such a short time. However ineffectual another government investigation into the process might be in terms of securing stiffer fines or penalties, the real reward of such efforts is the attention it draws to the issue.
Maybe one day the Internet-using public will actually hold Google to their corporate motto. In order to access the Corbett Report:

Recently Nomura's Bob Janjuah has made some sort-of bullish comments, suggesting that Bernanke would pump more money into the market again driving up risk assets.
In an interview with Bloomberg TV he said his bullish stance is just for the short-term:
"It's a short term tactical move recognizing and reflecting I think the monetary anarchy that's playing out. So just to summarize my view having got Q1 pretty spectacularly wrong, because completely misread the LTRO, the view here is that Q2 - 10 percent correction which probably started a couple of weeks back.
So looking for the S&P straight down into the low 1,300s, high 1200s. Later in June or July a Fed twist -inspired rally which I think could take us higher than people expect into the election. But beyond that, bearing in mind the fact that global growth, including U.S. growth, is not self-sustaining, and the fiscal cliff ahead of us, my longer term secular bearish calls still hold: S&P around 800 target and DOW-gold ratio down at 1."
Janjuah said the Fed is being cautious about more outright QE because it would send a negative signal to the real economy and drive up commodity prices. Janjuah went so far as to say that higher gas prices could impact President Obama's re-election campaign and that the Fed was being influenced by what is going on in the Fed arena.
He added that using S&P as a proxy for global markets he says we're no more than a thirdy of way through what is likely to be a month or so of correcting markets.

Applications for U.S. home mortgages jumped last week as a drop in interest rates fueled demand for refinancings, though purchases tumbled, an industry group said on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 6.9 percent in the week ended April 13.
The MBA's seasonally adjusted index of refinancing applications surged 13.5 percent, but the gauge of loan requests for home purchases dropped 11.2 percent. It was the second week in a row purchases have declined.
"Renewed concerns about sovereign debt  in Europe led to a drop in rates last week, with the 30-year rate tying our survey low, reached in early February. Refinance activity picked up in response," Jay Brinkmann, MBA's chief economist, said in a statement.
Share of total mortgage activity climbed to 75.2 percent of applications from 70.5 percent the week before.
Fixed 30-year mortgage rates averaged 4.05 percent, down 5 basis points from 4.10 percent.
The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.

More than three quarters of Europe’s banks are struggling to capture adequate trade data from their own trading systems, according to a survey by US financial software vendor Sybase, leaving many facing a struggle to meet new trade reporting requirements driven by post-crisis regulatory reform…
US banks seem better prepared to meet forthcoming regulatory change, with more than 70% saying they had no such problems in capturing trade data from their front offices for compliance and analytics purposes, according to Sybase’s survey.

The derivatives industry is squeezing Washington like a python. Desperate to control the tone and thrust of derivatives regulation, industry lobbyists have been swarming over the Commodity Futures Trading Commission and the Securities and Exchange Commission, each of which is writing derivatives rules as mandated by the Dodd-Frank reform law.
In case their lobbying falls short, the industry -- largely dealer banks and commodities firms -- has been pushing legislation that would pre-empt the rulemaking process and tie the agencies’ hands. So far, no fewer than 10 such derivatives bills have been introduced in the House; two have passed and several more have cleared committee.
Not satisfied with that, influential lawmakers have been not so subtly warning regulators to go easy on derivatives. This is incredibly intimidating: Congress controls the agencies’ budgets, and the increase in workload mandated by Dodd-Frank leaves them woefully short on funds.
And should a derivatives rule unpalatable to the dealers somehow survive this Beltway obstacle course, the agencies face an explicit threat of a lawsuit. This has had a chilling effect. As Bart Chilton, a CFTC commissioner, told me, regulators fear there is “litigation lurking around every corner and down every hallway.”

While the consistent need for upward revisions doesn’t undermine the overall trend of an improving job market, it does suggest that the government’s methodology for its initial estimate might not properly take into account factors such as seasonal adjustments or under-counting by states. Economists have already cautioned that claims data should be viewed over time to detect a trend, but most economists contacted by Dow Jones as well as Labor Department officials said they were unaware of the nearly uniform upward revisions in the data over the past year
We’ve been warning about the past-month revision scam in economic data back to Bush I’s reign. Yet ‘most economists’ have not recognized this trend. That’s why most economists don’t recognize the seasonal adjusting trends and other government economic data scams.

CPI Conspiracy Theories Persist Even With Broad Checks Williams’s alternate measure of inflation was 10.3 percent for the 12 months through March, compared with 2.7 percent for the Consumer Price Index…
Ken Stewart, a BLS economist, compared the old and new methodologies over a 21-year period and has said the current procedure produces an annual rate of inflation about 0.45 percentage points lower…
Roberto Rigobon and Alberto Cavallo launched the Billion Prices Project in 2010, which builds on analysis that found Argentina understated its inflation rate. In the U.S. alone the project tracks over 5 million prices, Rigobon said, on pace for a global goal of 1 billion.
Rigobon said the project includes about 60 percent of the goods used in the CPI. The study reported inflation about 1 percentage point higher than CPI for much of 2010 and slightly more than 3 percent inflation in 2011, in line with the CPI…

The above story on CPI and inflation fails to mention that housing, via rents and OER, is the biggest component of CPI (31.4%) and Core (40%) and that healthcare is only 5.358% of CPI when it’s 17% of GDP. By understanding healthcare and overstating OER, the CPI has greatly understated inflation. The ‘items’ inflation-calculation discussion is a diversion from the bigger problem with CPI.

The provision for loan repurchase demands dropped to $282 million from $1 billion, with revenue increasing to $2.7 billion from $2.1 billion a year earlier…Fair value and debt valuation adjustments totaled about $4.8 billion before taxes, according to the bank. Comparisons with last year were also skewed by one-time pretax gains of $1.2 billion on buying back debt and trust preferred securities and $800 million each from equity investment income and sales of debt securities. Pretax litigation expenses subtracted $800 million and one-time retirement-related costs were about $900 million.
The adjusted profit excludes the $4.8 billion negative valuation adjustments in the first quarter and a charge of $943 million a year earlier, and is based on a 37 percent tax rate provided by the lender. With one-time items removed, earnings per share may have been closer to 17 cents a share…a good number, but nowhere near as good as that 31 cents, and that’s what people are going to start to focus on,

SHORT NOTES

US economic data was worse than expected but SPMs were being manipulated higher for expiration and other reasons.

Housing Starts, expected to be 705k, were 654k (-5.8%). Permits of 747k beat the expected 710k due to 262k multi-family units (apartments). Single housing unit sales declined to their lowest level since June 2009…Industrial Production was unchanged; +0.3% was expected. Factory production declined 0.2%.


The Whole Truth - YouTube

The Whole Truth - YouTube

Chart of the Day - Post-Massive Bear Market Rallies

Chart of the Day - Post-Massive Bear Market Rallies

SOPA mutates into much worse CISPA, the latest threat to internet free speech

SOPA mutates into much worse CISPA, the latest threat to internet free speech

~Obama Signs Bill In Secret Making Freedom Of Speech Illegal~ - YouTube

~Obama Signs Bill In Secret Making Freedom Of Speech Illegal~ - YouTube

120421 - War On Cash - YouTube

120421 - War On Cash - YouTube

Obama Admin Seeks Gitmo Release of Terrorist who Killed US Soldier

Obama Admin Seeks Gitmo Release of Terrorist who Killed US Soldier

Fast & Furious Suspect Arrested & Released THREE times

Fast & Furious Suspect Arrested & Released THREE times

Fast & Furious Suspect Arrested & Released THREE times

Fast & Furious Suspect Arrested & Released THREE times

Saturday, April 21, 2012

Jon Corzine Still Bundling for... (weeklystandard.com)



Jon Corzine Still Bundling for Obama
http://www.weeklystandard.com/blogs/jon-corzine-still-bundling-obama_640493.html

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LEAKED STRATFOR EMAILS: Democr... (businessinsider.com)



LEAKED STRATFOR EMAILS: Democrats Manipulated The 2008 Election Results
http://www.businessinsider.com/leaked-stratfor-emails-democrats-tampered-with-2008-election-2012-4

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One Nation Under Debt With End... (endoftheamericandream.com)



One Nation Under Debt With Endless Debt Slavery For All
http://endoftheamericandream.com/archives/one-nation-under-debt-with-endless-debt-slavery-for-all

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Obama‘s Video Message Booed at... (theblaze.com)



Obama's Video Message Booed at Boston's Fenway Park
http://www.theblaze.com/stories/obamas-video-message-booed-at-bostons-fenway-park/

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Dutch Government on Verge of C... (globaleconomicanalysis.blogspot.com)



Dutch Government on Verge of Collapse After Anti-EU Lawmaker Torpedoed Seven Weeks of Austerity Talks; Caretaker Government and New Elections Coming Up
http://globaleconomicanalysis.blogspot.com/2012/04/dutch-government-on-verge-of-collapse.html

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Tea Party roars: Six-term incu... (michellemalkin.com)



Tea Party roars: Six-term incumbent Sen. Orrin Hatch forced into primary
http://michellemalkin.com/2012/04/21/tea-party-roars-six-term-incumbent-sen-orrin-hatch-forced-into-primary/

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Is Ukip's Farage poised for an... (telegraph.co.uk)



Is Ukip's Farage poised for an election breakthrough?
http://www.telegraph.co.uk/news/politics/ukip/9218814/Is-Ukips-Farage-poised-for-an-election-breakthrough.html

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Spain is About to Enter a Full... (zerohedge.com)



Spain is About to Enter a Full-Scale Collapse
http://www.zerohedge.com/contributed/2012-16-21/spain-about-enter-full-scale-collapse

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REMINDER: Ron Paul to Hold Cam... (ronpaul2012.com)



REMINDER: Ron Paul to Hold Campaign Rally on Independence Mall in Philadelphia
http://www.ronpaul2012.com/2012/04/21/reminder-ron-paul-to-hold-campaign-rally-on-independence-mall-in-philadelphia/

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Obama’s dismal civil liberties... (politics.salon.com)



Obama's dismal civil liberties record
http://politics.salon.com/2012/04/20/obamas_dismal_civil_liberties_record/singleton/

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Obama and Gun Control (conservativedailynews.com)



Obama and Gun Control
http://www.conservativedailynews.com/2012/04/obama-and-gun-control/

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Michael Savage - Why All the Mystery Surrounding Barack Obama? - YouTube

Michael Savage - Why All the Mystery Surrounding Barack Obama? - YouTube

Mr. Obama, Tear Down that DOJ-ATF Wall!

Mr. Obama, Tear Down that DOJ-ATF Wall!

An Uprising Against Piggish CEO Pay, At Last - Forbes

An Uprising Against Piggish CEO Pay, At Last - Forbes

Fastest Growing & Dying US Industries | The Big Picture

Fastest Growing & Dying US Industries | The Big Picture

The Apple Experience: Secrets to Building Insanely Great Customer L...

The Apple Experience: Secrets to Building Insanely Great Customer L...

Succinct Summation of Week’s Events (4/20/12) | The Big Picture

Succinct Summation of Week’s Events (4/20/12) | The Big Picture

The textbooks of tomorrow | NerdGraph Infographics

The textbooks of tomorrow | NerdGraph Infographics

Russia Stunned After Japanese Plan to Evacuate 40 Million Revealed

Russia Stunned After Japanese Plan to Evacuate 40 Million Revealed

Friday, April 20, 2012

The Impact of U.S. Liquefied Natural Gas (Agenda) - YouTube

The Impact of U.S. Liquefied Natural Gas (Agenda) - YouTube

Derivatives - The Unregulated Global Casino for Banks

Derivatives - The Unregulated Global Casino for Banks

Oil Price Manipulation: What President Obama Doesn't Understand About Oil - Money Morning

Oil Price Manipulation: What President Obama Doesn't Understand About Oil - Money Morning

Possible NATO Role Eyed in Syria Conflict | CNSNews.com

Possible NATO Role Eyed in Syria Conflict | CNSNews.com

Pelosi: Amend the First Amendment | CNSNews.com

Pelosi: Amend the First Amendment | CNSNews.com

PJ Media » BREAKING: Bank of America Reportedly Drops Gun Company for Political Reasons

PJ Media » BREAKING: Bank of America Reportedly Drops Gun Company for Political Reasons

268k rounds of ammo seizure leads to arrest of U.S. truck driver in Juárez - El Paso Times

268k rounds of ammo seizure leads to arrest of U.S. truck driver in Juárez - El Paso Times

Family Research Council Sues U.S. Navy for Records about Decision to Ban Bibles from Walter Reed - Christian Newswire

Family Research Council Sues U.S. Navy for Records about Decision to Ban Bibles from Walter Reed - Christian Newswire

SCUMBAG OBAMA ASKS SUPPORTERS FOR MASSIVE DONATIONS TO HAVE DINNER WITH HIM - YouTube

SCUMBAG OBAMA ASKS SUPPORTERS FOR MASSIVE DONATIONS TO HAVE DINNER WITH HIM - YouTube

The Views from Near and Far | Shah Gilani's Wall Street Insights and Indictments

The Views from Near and Far | Shah Gilani's Wall Street Insights and Indictments

Election Time In France - All Change For Europe? | Quadriga - The Intern...

Democrats expressing buyers’ remorse on Obama's health law



Democrats expressing buyers' remorse on Obama's health law
http://thehill.com/blogs/healthwatch/politics-elections/222719-democrats-buyers-remorse-on-obama-health-care-law

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York:Obama faces defeat on pipeline as Dems defect



York:Obama faces defeat on pipeline as Dems defect
http://campaign2012.washingtonexaminer.com/article/yorkobama-faces-defeat-pipeline-dems-defect/491396

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Ron Paul Attracts 4,400-plus Voters to Ithaca, New York Town Hall Meeting



Ron Paul Attracts 4,400-plus Voters to Ithaca, New York Town Hall Meeting
http://www.ronpaul2012.com/2012/04/19/ron-paul-attracts-4400-plus-voters-to-ithaca-new-york-town-hall-meeting/

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Bankruptcies ripple through Chinese developers: report



Bankruptcies ripple through Chinese developers: report
http://mobile.reuters.com/article/idUSBRE83J05620120420?irpc=932

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OBAMA QUIETLY SEEKING TO CEDE U.S. OCEANS TO U.N. LAW, Shock recommendation buried in White House report



OBAMA QUIETLY SEEKING TO CEDE U.S. OCEANS TO U.N. LAW, Shock recommendation buried in White House report
http://www.humblelibertarian.com/2012/04/obama-quietly-seeking-to-cede-us-oceans.html

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Dr. RON PAUL Can Cure Your Apathy: RI Delegate Talks RON PAUL & RI GOP Primary



Dr. RON PAUL Can Cure Your Apathy: RI Delegate Talks RON PAUL & RI GOP Primary
http://tv.naturalnews.com/v.asp?v=6A3790D280A4C4D76AFD74990A9A0CCF

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Articles: Obama: The Lying King



Articles: Obama: The Lying King
http://www.americanthinker.com/2012/04/obama_the_lying_king.html

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Crashing Al-Qaeda’s Websites



Crashing Al-Qaeda's Websites
http://www.ritholtz.com/blog/2012/04/crashing-al-qaedas-websites/

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120420 - Get Out Of California - YouTube

120420 - Get Out Of California - YouTube

Missouri House Votes to Nullify Obamacare in its Entirety – Tenth Amendment Center Blog

Missouri House Votes to Nullify Obamacare in its Entirety – Tenth Amendment Center Blog:

'via Blog this'

Why North Korea Gets Away With It | Foreign Affairs

Why North Korea Gets Away With It | Foreign Affairs

Alawites for Assad | Foreign Affairs

Alawites for Assad | Foreign Affairs

NewsBusted 4/20/12 - YouTube

NewsBusted 4/20/12 - YouTube

Thursday, April 19, 2012

Why Does Interpol Need Immunity from American Law? - By Andrew C. McCarthy - The Corner - National Review Online

Why Does Interpol Need Immunity from American Law? - By Andrew C. McCarthy - The Corner - National Review Online

PJ Media » Obama Surrenders U.S. Sovereignty: His INTERPOL Executive Order

PJ Media » Obama Surrenders U.S. Sovereignty: His INTERPOL Executive Order

Veterans Job Program

Mexico's Plan to Create a Paramilitary Force | Stratfor

Mexico's Plan to Create a Paramilitary Force | Stratfor

Capitalism is dead, credit new king, says Duncan - MarketWatch

Capitalism is dead, credit new king, says Duncan - MarketWatch

BOMBSHELL! CLERKS FROM ACROSS LOUISIANA SUE THE BANKS FOR RICO, WIRE FRAUD, RACKETEERING! | Matt Weidner - Fighting With The American People

BOMBSHELL! CLERKS FROM ACROSS LOUISIANA SUE THE BANKS FOR RICO, WIRE FRAUD, RACKETEERING! | Matt Weidner - Fighting With The American People

Experts weigh in on veteran job search | The American Legion

Experts weigh in on veteran job search | The American Legion

Serial Militant Attacks in Iraq (Dispatch) - YouTube

Serial Militant Attacks in Iraq (Dispatch) - YouTube

40th Anniversary Of the Libertarian Party - YouTube

40th Anniversary Of the Libertarian Party - YouTube

Former GSA Chief ‘Focused on Performance’ in Giving $9,000 Bonus to Organizer of $822,775 Vegas Conference | CNSNews.com

Former GSA Chief ‘Focused on Performance’ in Giving $9,000 Bonus to Organizer of $822,775 Vegas Conference | CNSNews.com

Why Wall Street Can't Escape the Eurozone - Money Morning

Why Wall Street Can't Escape the Eurozone - Money Morning

President Obama's Measure Of Progress - YouTube

President Obama's Measure Of Progress - YouTube

From 'Hope' to Hypocrisy Excuses, Excuses - YouTube

From 'Hope' to Hypocrisy Excuses, Excuses - YouTube