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Sunday, September 30, 2012

Communism on Parade? High School Marches to Marx and Lenin

Communism on Parade? High School Marches to Marx and Lenin:

'via Blog this'

James O’Keefe investigates the SEIU and the culture of political corruption

James O’Keefe investigates the SEIU and the culture of political corruption

Fast and Furious Scandal Grows

Muslim protesters torch Buddhist temples, homes in Bangladesh : The Fiscal Times

Muslim protesters torch Buddhist temples, homes in Bangladesh : The Fiscal Times

High Price of Bad Medicine: One Surgeon Speaks Up

High Price of Bad Medicine: One Surgeon Speaks Up

Mish's Global Economic Trend Analysis: China New Export New Orders Decline At Fastest Pace in 42 Months; China's Precarious Rebalancing Act

Mish's Global Economic Trend Analysis: China New Export New Orders Decline At Fastest Pace in 42 Months; China's Precarious Rebalancing Act

Saturday, September 29, 2012

Why they had to stop Ron Paul

Why they had to stop Ron Paul:

'via Blog this'

GMO victory within reach? Proposition 37 is 'likely to pass' declares LA Times (but your help still needed!)

GMO victory within reach? Proposition 37 is 'likely to pass' declares LA Times (but your help still needed!)

New DATA Act Would Make Following the Money Easier

New DATA Act Would Make Following the Money Easier:

'via Blog this'

Gary Johnson Gains Support And May Take Ohio Out of Play for Romney

Gary Johnson Gains Support And May Take Ohio Out of Play for Romney

Judges to Review Constitutionality of NDAA Military Detention Legislation « naked capitalism

Judges to Review Constitutionality of NDAA Military Detention Legislation « naked capitalism

Jesse's Café Américain: Weekend Reading: John Henry Newman and the Signif...

Jesse's Café Américain: Weekend Reading: John Henry Newman and the Signif...: What we do, and what do not do, matters greatly, if not so much in the greater world, but to those around us, and to the resolution of our ...

Mish's Global Economic Trend Analysis: Can the Fed Fight Droids and Win? Apple's SIRI, Driverless Trucks, What's Next? Riveting Video: Are Droids Taking Our Jobs?

Mish's Global Economic Trend Analysis: Can the Fed Fight Droids and Win? Apple's SIRI, Driverless Trucks, What's Next? Riveting Video: Are Droids Taking Our Jobs?

Financial Armageddon: Faltering Chinese Demand Affecting a Broad Range of Industries

Financial Armageddon: Faltering Chinese Demand Affecting a Broad Range of Industries

“Growing” Louisiana Sinkhole: Debris now ‘moving’ toward center — Walls collapsing in clockwise path (VIDEO)

“Growing” Louisiana Sinkhole: Debris now ‘moving’ toward center — Walls collapsing in clockwise path (VIDEO)

PHOTO OF THE DAY - Tim Geithner In 2016 - Home - The Daily Bail

PHOTO OF THE DAY - Tim Geithner In 2016 - Home - The Daily Bail

Keiser Report: Oops! They Rigged It Again (E347)

In The Belly of the Beast

120929 - Kicking Spain Out?

Friday, September 28, 2012

Americans for Tax Reform : Top Five Worst Obamacare Taxes Coming in 2013

Americans for Tax Reform : Top Five Worst Obamacare Taxes Coming in 2013

The Real Fiscal Cliff

Gary Kaminsky: Unintended Consequences of QE Infinity

Eurozone Sentiment Slid Further in September

Eurozone Sentiment Slid Further in September

Captain Sean Jones' Award For Valor - Business Insider

Captain Sean Jones' Award For Valor - Business Insider

What Lies Ahead for Mexico (Agenda)

Sununu: Obama Administration Guilty of Lying, Incompetence AND a Cover-up in 'Benghazi-gate'

Sununu: Obama Administration Guilty of Lying, Incompetence AND a Cover-up in 'Benghazi-gate'

Leno Takes Some Surprising Shots at Obama

Leno Takes Some Surprising Shots at Obama

~~MALWARE ALERT~~

Is the GOP Still a National Party? | The American Conservative

Is the GOP Still a National Party? | The American Conservative

Marketplace Morning Report for Friday, September 28, 2012 | Marketplace.org

Marketplace Morning Report for Friday, September 28, 2012 | Marketplace.org

Sen. Rand Paul on CNBC's Squawk Box - 09/28/12

France’s 2013 budget hikes taxes on companies, rich : The Fiscal Times

France’s 2013 budget hikes taxes on companies, rich : The Fiscal Times

Why Big Money Can’t Buy an Election After All

Why Big Money Can’t Buy an Election After All

Our self-crippled policy encouraged the deadly embassy attacks | Fox News

Our self-crippled policy encouraged the deadly embassy attacks | Fox News

GM, Libya, Debt

Arkansas court upholds first-in-the-South medical marijuana proposal | Fox News

Arkansas court upholds first-in-the-South medical marijuana proposal | Fox News

120928 - Spain Becomes Greece

Mish's Global Economic Trend Analysis: California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy

Mish's Global Economic Trend Analysis: California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy

NDAA Plaintiffs Answer Questions on Reddit - Business Insider

NDAA Plaintiffs Answer Questions on Reddit - Business Insider:

'via Blog this'

Mish's Global Economic Trend Analysis: Polls Shows American Believe There is Too Much Government Regulation; Government Regulation a Leading Cause of the Housing Bubble

Mish's Global Economic Trend Analysis: Polls Shows American Believe There is Too Much Government Regulation; Government Regulation a Leading Cause of the Housing Bubble

Economics is Broken | GOPlifer | a Chron.com blog

Economics is Broken | GOPlifer | a Chron.com blog:

'via Blog this'

Wall Street Scandals Fill Lawyers' Pockets - NYTimes.com

Wall Street Scandals Fill Lawyers' Pockets - NYTimes.com

UK hospitals on the verge of collapse as socialized medicine fails

UK hospitals on the verge of collapse as socialized medicine fails

Thursday, September 27, 2012

Killer Of U.S. Ambassador Released From GITMO In 2007 - Home - The Daily Bail

Killer Of U.S. Ambassador Released From GITMO In 2007 - Home - The Daily Bail

Max Keiser: Check To See If You're A Terrorist - Home - The Daily Bail

Max Keiser: Check To See If You're A Terrorist - Home - The Daily Bail

Diplomatic Security in Light of Benghazi | Stratfor

Diplomatic Security in Light of Benghazi | Stratfor

Bringing LST's history into the present | The American Legion

Bringing LST's history into the present | The American Legion

American distrust in deceptive mainstream media hits an all-time high

American distrust in deceptive mainstream media hits an all-time high:

'via Blog this'

How to Stop Hospitals from Killing Us - WSJ.com

How to Stop Hospitals from Killing Us - WSJ.com

Electronics Dissolved by Droplet of Liquid - YouTube

Electronics Dissolved by Droplet of Liquid - YouTube

Ron Paul Gets Top Mention in D.C. Group’s Rankings of Lawmakers Defending Taxpayer Interests

Ron Paul Gets Top Mention in D.C. Group’s Rankings of Lawmakers Defending Taxpayer Interests:

'via Blog this'

CHART OF THE DAY: World Gold Stock - Business Insider

CHART OF THE DAY: World Gold Stock - Business Insider

It Could Have Been Worse | Fairewinds Energy Education

It Could Have Been Worse | Fairewinds Energy Education

Bucking Beijing | Foreign Affairs

Bucking Beijing | Foreign Affairs

Spain's Troubles Threaten Eurozone (Dispatch) - YouTube

Spain's Troubles Threaten Eurozone (Dispatch) - YouTube

Benghazi attack followed deep cuts in State Department security budget - Washington Times

Benghazi attack followed deep cuts in State Department security budget - Washington Times

Benghazi attack followed deep cuts in State Department security budget - Washington Times

Benghazi attack followed deep cuts in State Department security budget - Washington Times

Durable goods drop worst since recession | Reuters

Durable goods drop worst since recession | Reuters

Americans’ Incomes Have Fallen $3,040 During the Obama ‘Recovery’ | The Weekly Standard

Americans’ Incomes Have Fallen $3,040 During the Obama ‘Recovery’ | The Weekly Standard

TSA Horror Stories Prompt Plan to Add Private Screeners - Bloomberg

TSA Horror Stories Prompt Plan to Add Private Screeners - Bloomberg

Nakoula Basseley Nakoula, man behind anti-Islam film, arrested, authorities say - Associated Press - POLITICO.com

Nakoula Basseley Nakoula, man behind anti-Islam film, arrested, authorities say - Associated Press - POLITICO.com

Gary Johnson Will Protect Internet Freedom

Gary Johnson Will Protect Internet Freedom

FANG Challenge: Design a Next-Generation Military Ground Vehicle

Watch: Large jump in temperature at Fukushima Reactor No. 1 gauge (VIDEO)

Watch: Large jump in temperature at Fukushima Reactor No. 1 gauge (VIDEO)

Consumer Metrics Institute: Home of Daily Consumer Leading Indicators

Consumer Metrics Institute: Home of Daily Consumer Leading Indicators

Rifle Cleaning - Rifle Shooting Techniques - NSSF Shooting Sportscast

Complaints Mount Against Michelle Obama’s New Lunch Menu - Kyle Olson - [page]

Complaints Mount Against Michelle Obama’s New Lunch Menu - Kyle Olson - [page]

Full audio of 1998 Obama 'redistribution' speech | The Daily Caller

Full audio of 1998 Obama 'redistribution' speech | The Daily Caller

President Obama Falsely Claims Fast and Furious Program “Begun Under the Previous Administration” - ABC News

President Obama Falsely Claims Fast and Furious Program “Begun Under the Previous Administration” - ABC News

Obama to Release One Third of Gitmo Inmates

Obama to Release One Third of Gitmo Inmates

War On Coal

» Elizabeth Warren’s law license problem - Le·gal In·sur·rec·tion

» Elizabeth Warren’s law license problem - Le·gal In·sur·rec·tion

Democrats, God and Israel

Fed Helps Lenders’ Profit More Than Homebuyers:Mortgages - Bloomberg

Fed Helps Lenders’ Profit More Than Homebuyers:Mortgages - Bloomberg

Terrorists Winning? Ivy League Professor Calls for Censorship of YouTube

Not Time to Attack Iran | Foreign Affairs

Not Time to Attack Iran | Foreign Affairs

Time to Attack Iran | Foreign Affairs

Time to Attack Iran | Foreign Affairs

US Special Forces Deployed in Iraq, Again | The Nation

US Special Forces Deployed in Iraq, Again | The Nation:

'via Blog this'

A Fragile Iraq Faces New Perils From Syria’s War - NYTimes.com

A Fragile Iraq Faces New Perils From Syria’s War - NYTimes.com:

'via Blog this'

Regular exercise synergistically improves physical and mental health

Regular exercise synergistically improves physical and mental health

Wednesday, September 26, 2012

Obama On Letterman: 'Not Sure How Much The Debt Is' - Home - The Daily Bail

Obama On Letterman: 'Not Sure How Much The Debt Is' - Home - The Daily Bail

Understanding the China-Japan Island Conflict | Stratfor

Understanding the China-Japan Island Conflict | Stratfor

Find Out If You Are Doing Things Which Might Be Considered Suspicious | The Big Picture

Find Out If You Are Doing Things Which Might Be Considered Suspicious | The Big Picture

Mish's Global Economic Trend Analysis: Greek Bailout on Hold Again, Is Obama Partly to Blame? IMF Economic Hit Man Hypocrisy

Mish's Global Economic Trend Analysis: Greek Bailout on Hold Again, Is Obama Partly to Blame? IMF Economic Hit Man Hypocrisy

Discover Is Refunding $200 Million To Credit Card Customers - Business Insider

Discover Is Refunding $200 Million To Credit Card Customers - Business Insider

Rebels Attack Syrian Military Headquarters (Dispatch)

Rick Santelli on Quantitative Easing and Misallocation of Capital

Fast And Furious Now Past And Spurious

What Are the Fed's Next Moves?

Greece Molotov Rampage: Protesters Fire Petrol Bombs at Police

MORGAN STANLEY: QE3 – More Is Required - Business Insider

MORGAN STANLEY: QE3 – More Is Required - Business Insider

Washington’s 1796 Farewell Address: Did He Waste His Breath? – Tenth Amendment Center

Washington’s 1796 Farewell Address: Did He Waste His Breath? – Tenth Amendment Center

The 2012 Recession: Are We There Yet? | The Big Picture

The 2012 Recession: Are We There Yet? | The Big Picture

CHART OF THE DAY: Google Stock New Highs - Business Insider

CHART OF THE DAY: Google Stock New Highs - Business Insider:

'via Blog this'

MIDWEEK MARKET WRAP UP: New Report Expected to Shakeup Libor

Gary Johnson ‘Will Protect Our Gun Rights’

Gary Johnson ‘Will Protect Our Gun Rights’

Chuck Norris: ‘Fast and Furious’ Whitewash by Justice Department

Chuck Norris: ‘Fast and Furious’ Whitewash by Justice Department

Tripoli Tightens Control over Eastern Libya (Dispatch)

The Philippines' Geographic Challenge

Some things you may find interesting: ACTA - Worse then SOPA/PIPA

Some things you may find interesting: ACTA - Worse then SOPA/PIPA

Tax Return.... Returned...

120926 - War In PM Markets

Tuesday, September 25, 2012

Obama Administration & Iranian Regime Deliver Same Message on Muslim Rage

Anti-austerity violence: Riot police clash with protesters in Madrid

You might be...

The Marmalade - Reflections of My Life - Vietnam Vets

Cops Pull Innocent Women & Children From Their Cars And Hold Them At Gun...

Republicrats Vs Dempublicans: Two Cheeks On One Ass And They Both Stink

Taiwan, China and Japan's Maritime Dispute (Dispatch)

Global Growth Has Collapsed - Business Insider

Global Growth Has Collapsed - Business Insider

Howard Stern Exposes Obama Supporters

Howard Stern Exposes Obama Supporters

Mish's Global Economic Trend Analysis: Toronto New Home Sales Plunge 64 Percent; Lowest August on Record

Mish's Global Economic Trend Analysis: Toronto New Home Sales Plunge 64 Percent; Lowest August on Record

Friedrich Hayek: The Move Towards Unlimited Government

Special Report: America’s Wrong Turns | Shah Gilani's Wall Street Insights and Indictments

Special Report: America’s Wrong Turns | Shah Gilani's Wall Street Insights and Indictments

Interest Rates: What They Are & How They (Should) Work

San Francisco considers allowing micro-apartments | Marketplace.org

San Francisco considers allowing micro-apartments | Marketplace.org

Marketplace Morning Report for Monday, September 24, 2012 | Marketplace.org

Marketplace Morning Report for Monday, September 24, 2012 | Marketplace.org

Napolitano: Obama’s Plan to Waive Welfare Work Requirements Illegal and Unconstitutional

Napolitano: Obama’s Plan to Waive Welfare Work Requirements Illegal and Unconstitutional

The Video That Killed Obama's Re-Election

The Video That Killed Obama's Re-Election

120925 - Greeks Need To Drill

Sunday, September 23, 2012

Financial Armageddon: Podcast: Geopolitical Risk on the Rise

Financial Armageddon: Podcast: Geopolitical Risk on the Rise

Friederich Hayek on Socialism

Why would Barack Hussein Obama release 55 more Muslim terrorists from Guantanamo Bay, NOW? | BARE NAKED ISLAM

Why would Barack Hussein Obama release 55 more Muslim terrorists from Guantanamo Bay, NOW? | BARE NAKED ISLAM

Ultraconservative Islamists in Egypt Call for U.N. Legislation to Make Defaming Islam Illegal | TheBlaze.com

Ultraconservative Islamists in Egypt Call for U.N. Legislation to Make Defaming Islam Illegal | TheBlaze.com

NJ Hamas Imam Calls on Obama to Imprison Islam Critics | FrontPage Magazine

NJ Hamas Imam Calls on Obama to Imprison Islam Critics | FrontPage Magazine

Lying is The New Normal

Lying is The New Normal

The evil of Monsanto and GMOs explained: Bad technology, endless greed and the destruction of humanity

The evil of Monsanto and GMOs explained: Bad technology, endless greed and the destruction of humanity

The evil of Monsanto and GMOs explained: Bad technology, endless greed and the destruction of humanity

The evil of Monsanto and GMOs explained: Bad technology, endless greed and the destruction of humanity

Private city in Honduras will have minimal taxes, government | Fox News

Private city in Honduras will have minimal taxes, government | Fox News

From Complacency To Crisis Around The World | ZeroHedge

From Complacency To Crisis Around The World | ZeroHedge

Rand Paul stands alone against Senate's 'preemptive war' resolution for Iran — RT

Rand Paul stands alone against Senate's 'preemptive war' resolution for Iran — RT

Obama to Condemn Christian Filmmaker Before United Nations

Obama to Condemn Christian Filmmaker Before United Nations

What Should Freedom Lovers Do?

What Should Freedom Lovers Do?

EPA’s Four-gallon Minimum Mandate

EPA’s Four-gallon Minimum Mandate

Obama Admin. Argues for Warrantless Cellphone Tracking – Tenth Amendment Center Blog

Obama Admin. Argues for Warrantless Cellphone Tracking – Tenth Amendment Center Blog

Iran readies domestic Internet system, blocks Google | Reuters

Iran readies domestic Internet system, blocks Google | Reuters

'Made in America' more attractive to manufacturers | Bangkok Post: news

'Made in America' more attractive to manufacturers | Bangkok Post: news

PA says it discovered secret Hamas jail by... JPost - Middle East

PA says it discovered secret Hamas jail by... JPost - Middle East

Are Syrian shells raining biological agents down on Lebanese? - CSMonitor.com

Are Syrian shells raining biological agents down on Lebanese? - CSMonitor.com

Mafias on the move: Northward creep | The Economist

Mafias on the move: Northward creep | The Economist

EPA stifles U.S. coal but subsidizes it in China | EPA Abuse

EPA stifles U.S. coal but subsidizes it in China | EPA Abuse

Perry uses body art to blast Obama over debt | Trail Blazers Blog

Perry uses body art to blast Obama over debt | Trail Blazers Blog

CBO on Electric Cars - Don't Buy Them! | ZeroHedge

CBO on Electric Cars - Don't Buy Them! | ZeroHedge

Court Battle over NDAA Detentions Continues – Tenth Amendment Center Blog

Court Battle over NDAA Detentions Continues – Tenth Amendment Center Blog

Iran vows to hit US bases if Israel strikes - Middle East - Al Jazeera English

Iran vows to hit US bases if Israel strikes - Middle East - Al Jazeera English

Iran could launch pre-emptive Israel strike-commander | Reuters

Iran could launch pre-emptive Israel strike-commander | Reuters

America's hidden unemployed: too discouraged to count | Reuters

America's hidden unemployed: too discouraged to count | Reuters

International Forecaster


THE INTERNATIONAL FORECASTER
SATURDAY, September 22, 2012
09/15/12 #4
E-MAIL ADDRESS
For correspondence to us:
CHECK OUT OUR WEBSITE
If you have any questions, as always please feel free to email us with your questions or comments. Jeni, Judy & Matt

 RADIO SHOWS

James Corbett with Dr. Stan “Economic Stimulus? Just More Talk”
http://mediaarchives.gsradio.net/radioliberty/091712b.mp3

James is on with Dr. Stan every Monday at 7pm EST

WORLD MARKETS

Crime Pays
by James Corbett
September 22, 2012

“The weed of crime bears bitter fruit. Crime does not pay.”
So warned Lamont Cranston, the hero of the 1930s crime fighting radio drama “The Shadow,” at the end of each episode, shortly after using his powers of invisibility to solve the week's mystery and bring the criminals to justice. The premise was simple and effective: criminals may garner momentary reward from their activities, but in the end the long arm of the law will find them and bring them to justice. Crime is a chump's game. After all, The Shadow knows!
If only life were like an old-time radio drama. Unfortunately in this age of liar's loans and mortgagegate, robo-signing and QE Infinity, too big to fail and too big to jail, any pretense that the globalist financial system is based on the rule of law has long since been jettisoned. In the current environment, crime not only pays, it pays handsomely. And just as Adolf Hitler outlined the old principle of propaganda that 'the bigger the lie, the more likely people are to believe it,' the banksters of our age seem to have discovered a corresponding principle in the financial realm: the bigger the fraud, the more likely they are to get away with it.
Take the SEC/Goldman Sachs debacle from earlier this year. Back in February, Goldman received a Wells Notice. For those not in the know, a Wells Notice is a type of courtesy card from the SEC letting an institution know they may or may not be facing enforcement action for their alleged crimes. The charge in this case? Goldman's role in the mortgage backed security scam in the subprime mortgage crisis that led to the housing collapse of 2007 and the near total destruction of the global economic system. You know, that little problem? Goldman's role in this debacle was not a matter of conjecture. A Senate inquiry into the MBS scam laid it bare. As Senate Permanent Subcommittee on Investigations Carl Levin put it in a statement from the inquiry:
“Investment banks such as Goldman Sachs were not simply market-makers, they were self-interested promoters of risky and complicated financial schemes that helped trigger the crisis. They bundled toxic mortgages into complex financial instruments, got the credit rating agencies to label them as AAA securities, and sold them to investors, magnifying and spreading risk throughout the financial system, and all too often betting against the instruments they sold and profiting at the expense of their clients.”
Those are some pretty heavy accusations. So what proof did the Senate have to back up those claims? Goldman's own words. “Sounds like we will make some serious money,” one senior Goldman manager emailed his colleague at the start of the crisis. “Yes we are well positioned,” his colleague responded, referring to Goldman's strategy to sell the AAA-certified toxic garbage subprime MBS to customers and cover their posteriors by betting against those very securities in the derivatives market.
Open and shut case, right? Surely this type of behaviour has to be made an example of. Surely the agency in charge of regulating the institutions at the core of the global financial system would not let this type of conduct go unpunished? Surely, even if the investigation was not to end up in the trial of the century it would, at the very least, result in hefty fines and crippling sanctions against the institutions that helped to bring about the mess. Surely, at the very very least, there would be an obligatory slap on the wrist after a lengthy, headline-grabbing show trial?
Surely not. Last month the SEC announced there would be no criminal charges at all against Goldman. The vampire squid was free to go about its business, sucking the blood from the real economy, wrapping its tentacles around the levers of finance and releasing its inky smoke trail to deflect any would-be prosecutors.
So what is a rational response to this irrational decision?
“On the sixth month anniversary of the announcement of the so-called financial crisis task force, the twin announcements yesterday that Goldman Sachs and its executives will not be charged by either the SEC or DOJ for conduct directly related to the toxic assets at the heart of the crisis is a stark reminder that no individual or institution has been held meaningfully accountable for their role in the financial crisis. And without such accountability, the unending parade of megabanks scandals will inevitably continue.”
That's Neil Barofsky, aka the Voice of Reason. He's an NYU Law Professor, a former TARP Special Inspector, and the author of Bailout: An Insider Account of How Washington Abandoned Main Street While Rescusing Wall Street. Needless to say, he is not the head of the SEC, or the DOJ, or anywhere near any of the so-called government “regulators” who are supposed to stop this rampant criminality from happening in the first place...or at least prosecute it when it does take place.
And that's precisely the problem. The people in positions of power are naturally not going to press charges against anyone. That's how they get into the positions of power. Case in point: The top political donor to Chuck Schumer over the past 23 years? Goldman Sachs. Obama's largest contributor in his 2008 campaign? Goldman Sachs. Don't worry, though, if you're ready for change (and who isn't at this point?), you might be ready to vote Romney 2012. So is Goldman Sachs, who are now Romney's largest contributor. In fact, Goldman contributions to political candidates are double that of all contributions from the PACs.
But wait, here's the best part. After Goldman sells their MBS crud to their poor suckers clients, and after they then bet against those positions in the derivatives market, and after they earn back more money than they lost in the subprime collapse by shorting their own instruments, and after they and their bankster buddies bring the global economy to its knees, prompting trillions of dollars in bailouts from the Federal Reserve (backed up by the taxpayer), and after the world hovers on the brink of total collapse for year after year, what does Fed Chairman Ben Bernanke decide to do in order to 'boost the employment rate' (or so we're told)? He commits the Fed to turning on the printing press in order to buy $40 billion of mortgage-backed securities every month from the very types of institutions that created the entire mess in the first place. That's right, not content to let the banks literally get away scott free with the biggest financial fraud in the history of the world (well, until Libor, anyway), the non-Federal un-Reserve then promises to buy as much of that MBS garbage from those very same banksters as they can print, every month, for the rest of eternity (or until employment picks up, whichever comes first).
What other conclusion is possible? The system is bought and paid for. The candidates are controlled. The regulators are owned. The criminals are in bed with the investigators. The system is corrupt from top to bottom. But this is nothing that you don't already know.
Most people think that criminals are irrational. Mentally unhinged. Bumbling deviants whose actions are, for the most part, inexplicable. On the contrary. If anything, they are ultra-rational. After all, the most rational response to an irrational system may itself look fairly irrational, and if the so-called “regulators” have made it explicitly clear time and again that the only risk that the criminals will face for defrauding the public is a complete bailout, record bonuses, and entire programs designed to prop up the very system that was at the root of their crime, what else would a rational criminal do but commit ever more brazen crimes? In a system that has divorced itself from the rule of law, what separates the criminals from the law-abiding is not rationality, merely morality. And there is very little of that to be found in Washington or Wall Street when cold hard cash is so much easier to come by.
The principles are the same in all of the great financial heists of recent times. Take foreclosuregate. The list of crimes potentially committed by the banks is as lengthy as it is damning: accounting fraud, loan origination fraud, robo-signing, forgery, tax avoidance, perjury. No one knows how much money was made from the scams, because no one even knows (or will ever be able to trace) who owes what, or even who owns what. Rather than bring the perpetrators to justice for their blatantly, openly illegal actions, the Obama administration persuaded key state AGs to go along with a $25 billion settlement deal. Well, not really $25 billion. After credits for principal modifications (which come from the mortgages owned by investors) and refinancing money, only $5 billion will actually be paid out. But the banks agreed not to break the law again, right? So all's well that ends well. Unless you're one of the homeowners who had their contract rights flushed down the toilet in the process, in which case you may be entitled to receive a whopping $1500 to $2000 for the minor nuisance of having your home illegally foreclosed on, your good name and your credit rating tarnished forever, and your dignity discarded in the gutter. Nothing that a couple thousand dollars won't smooth over, surely.
Or take the Libor scandal, a.k.a. the largest financial fraud in history. It's so large that no one knows exactly how large it is. Estimates of the value of the instruments that are based on Libor rates (and thus affected by the rigging that has gone on in those rates for years) run into the hundreds of trillions. It all gets a bit hazy after that. And of course there's the question of exactly how much the rates were manipulated by, and on what days, multiplied by the millions of individual instruments affected by those rates. Given the variables involved, the problem of calculating how much money was swindled from lenders or borrowers on any given day (let alone over the life of the scandal) becomes literally insoluble. Sounds like the type of scandal that would lead to the trial of the century, right? The kind of event that would be reported on diligently by hard-hitting journalists and watched over closely by a concerned public. The kind of scandal upon which political dynasties would rise and fall, the details of which would be hotly debated across the land.
Fat chance. Barely a few months old, the scandal is already retreating into the back pages of the financial rags, and has all but disappeared from public view. Now it's emerging that the banksters have a plan for beating the rap on this investigation: waiting until it goes away. The idea is not as absurd as it sounds. Given statute of limitations clauses, all the Wall Street bigwigs have to do is put off the investigators until the clock runs out and they'll be off scott free, just like the Goldman gang with their MBS crud. In an attempt to head this off at the pass, the Justice Department is asking the banks to sign so-called “tolling” agreements to allow the DOJ to press charges after the statute of limitations runs out. One can imagine a similar scene in the prohibition era Chicago: “Oh, pretty please, Mr. Capone, won't you agree to let us prosecute you?” It would be funny if it wasn't so pathetic.
All of this raises the question of why regulators are focusing their investigations on individual traders, anyway, rather than the institutions and executives who necessarily knew about the scandal and (at the very least) let it proceed? And are the so-called regulators really just gearing up to offer another “no admission of guilt, slap-on-the-wrist fine” sweetheart settlement to the banksters who are funding their bosses' political campaigns? One might as well ask a bear if he is planning to defecate in the woods. Sadly, the ending to this saga is a foregone conclusion. Some will lose their jobs. Some will pay fines. Some will grandstand and make political hay out of their supposed role in supposedly sticking it to the bad guys. But in the end, no one will go to jail.
The worst part of all of this is not that the criminals are committing their crimes. It's not that the politicians and regulators are in the criminals' back pocket and justice is nowhere in sight. It's that after each and every scandal the criminals and their cronies are able to make the case to the public that it all happened because the regulators just didn't have enough power. If we could just give more power to the regulators, if we could just get the right guys into political office, if we could just get the criminals to cooperate, then everything would be better. Sadly, so much of the public believes this, and are willing to go along with “reform” after “reform,” each one strangely failing to keep the banksters/criminals in check, and each one proceeded by bigger and yet bigger financial crimes.
Oh, crime pays alright. It might cost a bit to buy out the regulators and smooth the gears of justice, but in the end the criminals come out ahead. And that (combined with a complete lack of morality) is why they do it, again and again and again, and it's precisely why they will continue to do it until the public finally realizes that there is no regulator or politician going to come from the heavens to save the day and put everything back it its place. Maybe then they will finally, fully withdraw all of their business and support from the Big Banks and their cronies.
Still, it's a long way from here to there and there are too many people who are happy to go along with the system as it is because it's the only one they've ever known. It's enough to make you wonder: Where's The Shadow when you need him?


The Following is by Matt Gillotti
The US and Eurozone economies will continue to decline over time. As we saw the global communities come together to announce indefinite QE we should expect to see that over time both the US and Eurozone economies will continue to decline with sporadic positive looking movements as it correctly declines until it reaches the endpoint in which the final fall will be deep and fast, maybe taking only two to six weeks. The current Eurozone form of QE with limits and the US Feds infinite QE with additional bonus support when needed should do nothing more than keep the big banks pouring the champagne while the supported markets ride higher on the false hopes and backing of the Fed. As we are clearing heading in the wrong direction for prosperity we should continue to protect our future wealth through gold and silver as we remember not to fall prey to a fictitiously sound economy and market. Gold is still at an affordable purchase price but may not be for much longer. As gold hits higher levels we should see those that can no longer afford to purchase it to start pounding the much cheaper silver as a store of wealth. 
Even with the recent Eurozone adopted QE with limits the European economies continue to struggle. With Spain’s consistent reluctance to ask for a bailout we should see the Eurozone continue to falter. As Spain has balked at the pleas from others to seek assistance they are holding out in part due to the lack of support from the citizens and the included strings attached to a bailout. As we all know, as do they, the citizens of Spain are more than willing to take the route of public rioting to make their point and have their voices heard. As Spain slowly moves toward a bailout upcoming regional elections due to take place October 21st could be seen as a political roadblock and factor into when Spain would be willing to request a bailout. In the meantime, we should expect that Spain with an already rapidly declining economy, and an unemployment rate over 23% to continue its rapid downward decent as it continues to feed fear into the Eurozone markets. With the Eurozone already in recession we must remember that any and all future Eurozone negativity could have extreme affects on the Eurozone as a whole. If for any reason any of the four, Germany, France, Italy, or Spain were to reach the point of full economic collapse the Eurozone as a whole will be dragged to a rapid death. 
As we have seen the US dollar slowly losing its reserve currency status throughout the past year with trade deals that bypass the US dollar completely between China, Russia, and Japan just to name a few, we now see that Brazil’s finance minister Guido Mantega has warned that the Feds most recent bout of QE will reignite currency wars that will have global impact. Brazil being one of the fastest growing economies in the worlds right now and a large trading partner of the US has begun to form trading alliances with China and Russia in which they will conduct such trades in their respective currencies completely bypassing the US dollar. As the US dollar is dealt another blow to its world reserve currency status we can be assured that as one blow comes and goes another is surely in the works. The US dollar’s world reserve currency status along with its run as a fiat currency is rapidly declining. 


Jim’s Opinion
Everyone has an opinion of QE3. Almost all are wrong.

What has taken place here in its size, and in an almost simultaneous international unified approach has no precedent in economic history.

QE1 and QE2 were not failures. Do you have any idea what the world would have looked like if every major bank in the Western financial world broke?

It is easy to be a naysayer and say let the banks go broke, but you have no idea how hard it would have hit you and yours and maybe gold and silver. This is not to say that Debt Monetization, which QE represents, is correct, but it was the only tool available to central banks that would create infinite cash for the Fed and Treasury to use in a totally discretionary manner. Governments, because of the size of their debt, were incapable of applying the better tool for reviving economic activity, which is fiscal stimulation. One thing for certain is the infrastructure of the USA is collapsing in front of your eyes. Dar es Salaam airport looks better on approach than JFK. Dubai is beyond description. Roads from the Beijing airport are brand new. The USA infrastructure is disgraceful for a major power. New York City roads look like "Mad Max and the Day After." However when you are the major debtor nation fiscal stimulation is simply not possible. It will not happen because it cannot happen.

Please stop listening to those that tell you QE will have no effect. They are "Ignorant to Infinity." QE3 is going to have an unprecedented effect, as it is now simultaneous and global in scope.

Please make note of all the governments that screamed at the Fed for the use of QE1 and QE2 that are now applying QE to infinity.

There will be no QE4 because QE3 is going to go on continually with a month or two off now and then. Please recognize that it is hard for markets to discount what they do not believe in and therefore by definition do not anticipate.

Know within 90 days the economic effects of QE3 will be entering markets for money and therefore the markets for gold, silver, and most certainly the dollar.

Gold is going to at least $3500. Silver will certainly perform well also. The real support for the US dollar is .7200 on the USDX and it will trade there. The euro will trade at $1.35 and $1.40.

Ron McEwen of MUX fame said it correctly: "Patience is bitter; but the fruit is sweet!"

Respectfully,
Jim


Your Source for Freeze Dried Food in an Uncertain World.
(866) 404-3663 or email: fdg@FreezeDryGuy.com


 US MARKETS

When the "Cops" are in on it
by Bob Rinear

Over the years there's been a handful of like minded folks who have tried to show the world that the precious metals market is manipulated on a daily basis. People like our dear Bob Chapman, myself, Butler, Weir, etc.  have written the articles, presented the numbers and asked the serious questions. Yet despite a lot of nodding their heads and making believe they're "on the job", the fact is the regulators just recently told us that their 4 year investigation into silver manipulation is going to end because they simply don't see enough evidence of it.  I'm not shocked.

Just this week we found out that Eric Holder was innocent of involvement with "fast and furious". Does anyone with a functioning brain cell believe that the "boss" wasn't up to his ears in this? Of course not, but because the big dogs always go free (think Corzine of MF Global) other folks are taking one for the team. Well, if no one could place Holder in the loop of a criminal gun running operation, it shouldn't surprise us that the CFTC and the watchdog regulators can't find the silver manipulation.

Let's just consider this for a minute. The commodities markets have "limits" on positions so that no one entity can "corner" a market. The whole idea of a free market is that they don't let someone with tens of billions of dollars literally “have their way” with the price of any one material. Yet somehow, despite the holdings being posted in various ways such as the COT (commitment of traders) report, etc, the regulators just cannot seem to find any collusion. Maybe we should help them out a bit.

As of Friday, the Commercial net short position in silver increased by another 2,352 contracts, or 11.8 million ounces. The Commercial net short position now stands at 236.4 million ounces of silver. Now, we like to look at them ranked by their particular "size" starting with the big 4 major institutions, then the 5 -8 smaller players and the balance which includes such things as hedge funds.

It seems that JPM the biggest of the "big 4" went short another 1000 contracts, while the others added about 400+ to that. The 5-8 junior players increased their short position by about 700 contracts. This was just the recent COT report folks, so you have to put this into context. While we can talk about futures contracts, most people function more along the lines of "ounces of metal". So how’s that work out?

With JP Morgan's increased position, they are short a whopping 27,000 Comex silver contracts. What's that mean? It means they are short over 135,000,000 ounces of silver. That's about 28% of the entire Silver futures market on the Comex. That's just ONE player.  But JPM doesn't act alone in this cabal, so we have to look into the other players. Going into last weeks cut off on Tuesday, the top eight players via size are short 262,100,000 ounces of silver.

Now although that number is completely outstanding on its own, many may wonder just how significant it is. I mean...if the entire market is five hundred billion ounces, then these 8 players shorting 260 million is not terribly egregious. Well, sorry. As a percentage of the entire Comex futures market in silver, the four majors are short 44% of the entire market. Add the 4 smaller firms and we add another 9% to the equation. Added up, just 8 firms are short a colossal 53% of the entire Comex silver market. Of that, JPM by itself holds half the position.

The regulators don't seem to think that this is any indication that they're influencing the pricing of silver. In what can only be described as the fox guarding the hen house, they apparently don't see any trouble despite just 4 players being short almost one half of the entire market. According to them, there's no collusion between them, no "ganging up", no backdoor deals. Yeah right. You bet.

Granted I'm harping on silver here, since I believe it has been manipulated more than any other metal ( or commodity at all for that matter) but lets not forget gold. In percentage terms on a 'net' basis, the top 4 firms are short 29.4% of the entire Comex futures market in gold...and the '5 through 8' players are short an additional 12.7 percentage points. So if we total this up, what do we find? In a market as large and global as gold, just 8 firms are short 42% of the entire Comex gold futures market Again the regulators wave us by, "nothing to see here folks keep on going".

Do you all get it? One would think that when you call your metals dealer and he charges you 30 dollars for your ounce of silver, that's the price that was discovered by untold millions of investors buying and selling in the open market. Nothing could be further from the truth. The price is set by the paper market, between the long futures and the shorts, and over and over we can prove conclusively that the shorts are only there to keep the prices down. Who knows where the true price of silver would be if these shorts were removed? 200? 500?
One may wonder why they got so aggressive this past week. The answer is pretty simple. While they’re always beating silver and gold, suppressing the price, this week they had to really try and put the brakes on it. Why? Because Helicopter Ben Bernanke just told us he’s printing an extra 40 billion a month for “ever”, and that means the dollar gets weak and the metals roar higher. They had to try their best to stop gold from entering hyperdrive and silver from breaking to new highs. Nothing bugs central bankers more than seeing “true money” in the form of gold and silver soar higher because of their ignorant monetary policy. Yes, they picked up the pace for this occasion folks. They didn’t want more and more people selling dollars and buying gold.

I've been asked many times "why would they do all that shorting and suppressing in the first place?" That's a big question. On the surface you'd have to think they make billions and billions doing this and that's the reason. But, they'd make billions letting it run and just going long, so that's obviously not it. My feeling is that the reason they do it and the reason they will not be stopped by regulators is because "they" aren't doing it. I believe they are just the trading desks doing the mechanical trades for the real client. And who'd that client you ask? Uncle Sam.

Each and every day the Governments of the world position themselves against each other in the currency markets, the swaps markets, etc. It's my opinion that the Government keeps silver under control as a hedge position against currency/swaps and other global banking markets. In a lot of ways, if silver and gold are allowed to run as they should, the dollar would indeed have to "crash".

I'm also asked if I think silver will ever get its chance to truly run. My answer is yes. The days of the dollar are numbered. At some point we're looking at a global "reset" and all currencies are going to be revalued. It's at that point that I believe silver and gold will attain their true value, where ever that might be. I'm thinking that places silver at 70 to 100 "dollars" the ounce, and one of the reasons we continue to buy the physical metal.

I have a pretty warped way of thinking, I'm comfy with that. But when someone as powerful as the government wants silver down....when top institutions like JPM beat it mercilessly... I think I want some. Anything they hate that much "must" be worth a whole lot. That's my guess.
www.investyourself.com

Egyptian Leader Mohamed Morsi Spells Out Terms for U.S.-Arab Ties - NYTimes.com

Egyptian Leader Mohamed Morsi Spells Out Terms for U.S.-Arab Ties - NYTimes.com

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Syria fires into Jordan, sparking clashes | The Times of Israel

State Department: CNN 'indefensible' on late ambassador Christopher Stevens's diary - Mike Allen - POLITICO.com

State Department: CNN 'indefensible' on late ambassador Christopher Stevens's diary - Mike Allen - POLITICO.com

Notable quote

I think this is the most extraordinary collection of talent, of human knowledge, that has ever been gathered together at the White House, with the possible exception of when Thomas Jefferson dined alone. - John F. Kennedy 

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Where Do You Rank as a Taxpayer? - Kiplinger

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Failed Efforts and Challenges of America’s Last Months in Iraq - NYTimes.com

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IT'S OFFICIAL: 'Currency Wars' Are Back - Business Insider

America's Choice | The American Legion

America's Choice | The American Legion

Saturday, September 22, 2012

Obama's $9B 'Green Stimulus' Created 900 Jobs: $10M Each - Home - The Daily Bail

Obama's $9B 'Green Stimulus' Created 900 Jobs: $10M Each - Home - The Daily Bail

Opinion on the Obama's


This should be printed and handed out on the street corners of America .  All the more powerful because it was written by a black man.     MB 
 
BEST SUMMATION OF BARACK AND MICHELLE EVER!
 
 
 
Mychal Massie is a respected writer and
talk show host in Los Angeles .
 
The other evening on my twitter, a person asked me why I didn't like the Obama's?   Specifically I was asked: "I have to ask, why do you hate the Obama's?   It seems personal, not policy related.   You even dissed (disrespect) their Christmas family picture."
 
The truth is I do not like the Obamas, what they represent, their ideology, and I certainly do not like his policies and legislation.   I've made no secret of my contempt for the Obamas.   As I responded to the person who asked me the aforementioned question, I don't like them because they are committed to the fundamental change of my/our country into what can only be regarded as a Communist state.
 
I don't hate them per definition, but I condemn them because they are the worst kind of racialists, they are elitist Leninists with contempt for traditional America .  They display disrespect for the sanctity of the office he holds, and for those who are willing to admit same, Michelle Obama's raw contempt for white America is transpicuous.
 
I don't like them because they comport themselves as emperor and empress.   I expect, no I demand respect, for the Office of President and a love of our country and her citizenry from the leader entrusted with the governance of same.   President and Mrs. Reagan displayed an unparalleled love for the country and her people.  The Reagan's made Americans feel good about themselves and about what we could accomplish.   Obama's arrogance by appointing 32 leftist czars and constantly bypassing congress is impeachable.   Eric Holder is probably the MOST incompetent and arrogant DOJ head to ever hold the job. Could you envision President Reagan instructing his Justice Department to act like jack-booted thugs?
 
Presidents are politicians and all politicians are known and pretty much expected to manipulate the truth, if not outright lie, but even using that low standard, the Obama's have taken lies, dishonesty, deceit, mendacity, subterfuge and obfuscation to new depths.   They are verbally abusive to the citizenry, and they display an animus for civility.
 
I do not like them, because they both display bigotry overtly, as in the case of Harvard Professor Louis Gates, when he accused the Cambridge Police of acting stupidly, and her code speak pursuant to now being able to be proud of America .   I view that statement and that mindset as an insult to those who died to provide a country where a Kenyan, his illegal alien relatives, and his alleged progeny, could come and not only live freely, but rise to the highest, most powerful, position in the world.  Michelle Obama is free to hate and disparage whites because Americans of every description paid with their blood to ensure her right to do same.
 
I have a saying, that "the only reason a person hides things, is because they have something to hide."   No president in history has spent millions of dollars to keep his records and his past sealed.
 
And what the two of them have shared has been proved to be lies.   He lied about when and how they met, he lied about his mother's death and problems with insurance, Michelle lied to a crowd pursuant to nearly $500,000 bank stocks they inherited from his family.   He has lied about his father's military service, about the civil rights movement, ad nausea.   He lied to the world about the Supreme Court in a State of the Union address.   He berated and publicly insulted a sitting Congressman.   He has surrounded himself with the most rabidly, radical, socialist academicians today.   He opposed rulings that protected women and children that even Planned Parenthood did not seek to support.   He is openly hostile to business and aggressively hostile to Israel .   His wife treats being the First Lady as her personal American Express Black Card (arguably the most prestigious credit card in the world).   I condemn them because, as people are suffering, losing their homes, their jobs, their retirements, he and his family are arrogantly showing off their life of entitlement - as he goes about creating and fomenting class warfare.
 
I don't like them, and I neither apologize nor retreat from my public condemnation of them and of his policies.   We should condemn them for the disrespect they show our people, for his willful and unconstitutional actions pursuant to obeying the Constitutional parameters he is bound by, and his willful disregard for Congressional authority.
 
Dislike for them has nothing to do with the color of their skin; it has everything to do with their behavior, attitudes, and policies.   And I have open scorn for their constantly playing the race card.
 
It is my intention to do all within my ability to ensure their reign is one term.  I could go on, but let me conclude with this.  I condemn in the strongest possible terms the media for refusing to investigate them, as they did President Bush and President Clinton, and for refusing to label them for what they truly are.   There is no scenario known to man, whereby a white president and his wife could ignore laws, flaunt their position, and lord over the people, as these two are permitted out of fear for their color.
 
As I wrote in a syndicated column titled, "Nero In The White House" - "Never in my life, inside or outside of politics, have I witnessed such dishonesty in a political leader.  He is the most mendacious political figure I have ever witnessed.   Even by the low standards of his presidential predecessors, his narcissistic, contumacious arrogance is unequalled.  Using Obama as the bar, Nero would have to be elevated to sainthood...   Many in America wanted to be proud when the first person of color was elected president, but instead, they have been witness to a congenital liar, a woman who has been ashamed of America her entire life, failed policies, intimidation, and a commonality hitherto not witnessed in political leaders.   He and his wife view their life at our expense as an entitlement - while America 's people go homeless, hungry and unemployed."
 

Words Matter

Mia Love - This Is Our America

Where Will the Jobs Be In 2020? | The Big Picture

Where Will the Jobs Be In 2020? | The Big Picture

Tax Credit in Doubt, Wind Power Industry Is Withering - NYTimes.com

Tax Credit in Doubt, Wind Power Industry Is Withering - NYTimes.com

Financial Armageddon: Not the Beginning, But the End

Financial Armageddon: Not the Beginning, But the End

Mish's Global Economic Trend Analysis: Eurozone Steepest Contraction Since June 2009; Unwarranted Hope and Reflections on Panic! Economists Can Neither Think Nor See

Mish's Global Economic Trend Analysis: Eurozone Steepest Contraction Since June 2009; Unwarranted Hope and Reflections on Panic! Economists Can Neither Think Nor See