Archive for the ‘Banksters and Gangsters’ Category

2013 – Dense Fog Turns Into Toxic Smog

aa-American Empire - banana republic My assessment regarding unpredictable events lurking in the fog was borne out by what happened that NO ONE predicted, including: the first resignation of a pope in six hundred years, the military coup of a democratically elected president of Egypt – supported by the democratically elected U.S. president, the rise of an alternative currency – bitcoin, the bankruptcy of one of the largest cities in the U.S. – Detroit, a minor terrorist attack in Boston that freaked out the entire country and revealed the Nazi-like un-Constitutional tactics that will be used by the police state as this Crisis deepens, and revelations by a brilliant young patriot named Edward Snowden proving that the U.S. has been turned into an Orwellian surveillance state as every electronic communication of every American is being monitored and recorded. The Democrats and Republicans played their parts in this theater of the absurd. They proved to be two faces of the same Party as neither faction questions the droning of innocent people around the globe, mass spying on citizens, Wall Street criminality, trillion dollar deficits, a rogue Federal Reserve, or out of control unsustainable government spending. http://www.theburningplatform.com/2013/12/31/2013-dense-fog-turns-into-toxic-smog/


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On the 100th Anniversary of the Federal Reserve Here Are 100 Reasons to Shut It Down Forever

aa-Dees - Federal Reserve December 23rd, 1913 is a date which will live in infamy. That was the day when the Federal Reserve Act was pushed through Congress. Many members of Congress were absent that day, and the general public was distracted with holiday preparations. Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don’t know what it actually is or how it functions. But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems. http://theeconomiccollapseblog.com/archives/on-the-100th-anniversary-of-the-federal-reserve-here-are-100-reasons-to-shut-it-down-forever


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The Federal Reserve: 100 Years of Failure

aa-Dees - federal reserve as spider enveloping world The Federal Reserve conspiracy is an ongoing theft syndicate. It only takes the will to admit the undeniable. Without the courage to abolish this usury monster, the next century will witness the total destruction of the country. http://www.batr.org/corporatocracy/121813.html


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America’s Retirement Crisis Grows as Cities Raid Pension and Health Plans

aa-taxpayer shakedown by republicrats Across America, states, counties and cities are taking steps that will make retirement for ex-public employees much harsher. Courts, politicans and corporations are all working together to chip away at deferred wages: reducing pensions or eliminating promised healthcare, or both. Said simply, they’re looting retirements and pushing people toward poverty. http://www.alternet.org/node/934912?paging=off&current_page=1#bookmark


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Timing is (Not) Everything

aa-Federal Reserve - bubbles Everybody knows that the Federal Reserve’s money-pumping operations have become a replacement for what used to be an economy. Therefore, no more money pumping = no more so-called economy. It’s that simple. But it doesn’t mean that the Federal Reserve won’t make a gesture and I wouldn’t be surprised if they try it during the season that Santa Claus hovers over the national consciousness — or what little of that remains when you subtract the methedrine, the Kanye downloads, the fear of an $11,000 bill for an emergency room visit requiring three stitches, and all the other epic distractions of our time. http://kunstler.com/clusterfuck-nation/timing-is-not-everything/


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The Spanish Government is Preparing Another Bailout of Billionaire Oligarchs

aa-banksters - bailout very good one Over the weekend, I covered the extraordinarily disturbing new law that just passed in Spain which essentially criminalizes protests and allows for up to 30,000 euro fines for simply wearing a mask. It’s all starting to make sense now, as the country’s Prime Minister Mariano Rajoy prepares a new oligarch bailout, this time of the country’s highway operators who of course must be saved at all costs. They know the protests are coming and they want to be able to deal with uppity peasants when they feel the need to get out into the streets. http://libertyblitzkrieg.com/2013/12/05/the-spanish-government-is-preparing-another-bailout-of-billionaire-oligarchs/


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Economists Warn Depositors May Be Burnt In ‘Bail-Ins’

aa-sheep The lesson from Cyprus is that individual and business depositors (small, medium and large) need to show at least as much care in making their deposit decisions as large corporations. http://www.silverdoctors.com/economists-warn-depositors-may-be-burnt-in-bail-ins-part-iii/


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Pension Theft: Class War Goes to the Next Stage

aa-banksters - w uncle sam on wall street In the past two days we’ve seen a federal judge rule that Detroit can go bankrupt, putting its workers’ pensions in jeopardy, and we have seen Illinois’ Legislature vote for substantial cuts in its retirees’ pensions. Undoubtedly these two actions are just the tip of the iceberg. We have opened up a new sport for America’s elite: pension theft. http://www.truth-out.org/opinion/item/20433-pension-theft-class-war-goes-to-the-next-stage#.UqCWZHZ62JM.email


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When Saving Interest Rates Go Negative

What is more frightening than the loss of your money. Since most people have some meager amount held in some form of a financial institution, the prospect of the banksters’ cabal placing a charge against your account for the mere privilege of maintaining a deposit is horrible. http://www.batr.org/corporatocracy/120413.html


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The Money Changers Serenade: A New Plot Hatches

Former Treasury Secretary Timothy Geithner, a protege of Treasury Secretaries Rubin and Summers, has received his reward for continuing the Rubin-Summers-Paulson policy of supporting the “banks too big to fail” at the expense of the economy and American people. For his service to the handful of gigantic banks, whose existence attests to the fact that the Anti-Trust Act is a dead-letter law, Geithner has been appointed president and managing director of the private equity firm, Warburg Pincus and is on his way to his fortune. http://www.paulcraigroberts.org/2013/11/29/money-changers-serenade-new-plot-hatches-paul-craig-roberts/


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The U.S. is Being Destroyed

Larry Summers notes that despite a zero real rate of interest, there is still substantial unemployment. In other words, not even a zero rate of interest can reduce saving to the level of investment, thus frustrating a full employment recovery. Summers concludes that the natural rate of interest has become negative and is stuck below zero. How to fix this? The way to fix it, Summers says, is to charge people for saving money. To avoid the charges, people would spend the money, thus reducing savings to the level of investment and restoring full employment. Summers acknowledges that the problem with his solution is that people would take their money out of banks and hoard it in cash holdings. In other words, the cash form of money provides consumers with a freedom to save that holds down consumption and prevents full employment. Summers has a fix for this: eliminate the freedom by imposing a cashless society where the only money is electronic. As electronic money cannot be hoarded except in bank deposits, penalties can be imposed that force unproductive savings into consumption. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/27_Paul_Craig_Roberts_-_The_US_Is_Being_Destroyed.html


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How America Was Lost

National security is where the executive branch hides its crimes against law, both domestic and international, its crimes against the Constitution, its crimes against innocent citizens both at home and abroad, and its secret agendas that it knows that the American public would never support. “National security” is the cloak that the executive branch uses to make certain that the U.S. government is unaccountable. Without accountable government there is no civil liberty and no democracy except for the sham voting that existed in the Soviet Union and now exists in the U.S. http://paulcraigroberts.org/2013/11/07/america-lost-paul-craig-roberts/


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LabMan

PCR again touches on truth on all counts,in my mind,the qualities of an informed and honest writer show up in other essays presented to us from trusted sources,consider the next two examples,coming not from me,but other fine writers and can be tied into the above work of PCR,"national security is a curtain behind which a cabal of wizards is making our civil liberties disappear"!,and,"how in the world do Americans manage to believe such propositions in the face of overwhelming evidence to the contrary"!

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There Once Was a Time When the Super-Rich Needed a Middle Class to Be Successful — Not Any More

There was once a time in America when the super-rich needed you, and me, and working-class Americans to be successful. They needed us for their roads, for their businesses, for their communications, for their transportation, as their customers, and for their overall success. The super-rich rode on the same trains as us, and flew in the same planes as us. They went to our hospitals and learned at our schools. Their success directly depended on us, and on the well-being of the nation, and they knew it. But times have changed, and the super-rich of the 21st century no longer think that you and I are needed for their continued success. And in some ways, they have given up on America, period. http://admin.alternet.org/economy/rich-dont-need-us


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Central Bankers Prepare to Flood the World With More Funny Money

Recent comments by the head of the Bank of England, the U.K.’s powerful central bank, offered further evidence that Western central bankers are preparing to shower even greater quantities of fiat currency on private banks and financial institutions — all at public expense. Already, tens of trillions of dollars’ worth of debt-based currency has been created out of thin air by the Federal Reserve, the BoE, the European Central Bank, and other central banks to prop up private mega-banks and wild spending sprees by government amid the economic crisis. With help and guidance from the BoE’s new governor, Mark Carney, analysts say all of that appears set to accelerate. http://thenewamerican.com/economy/economics/item/16843-central-bankers-prepare-to-flood-the-world-with-more-funny-money


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U.S. System Dependent on Crime and Fraud

Former Assistant Housing Secretary Catherine Austin Fitts says all U.S. citizens are partly responsible for banker fraud. Fitts, also a top Wall Street Banker, says, “What popular opinion has said again and again and again is it wants the dirty money. . . . It wants the U.S. to play this geopolitical top dog game to the extent it provides subsidy to them. We can’t have our cake and eat it too. . . . If we have a model that is dependent on crime and fraud . . . we have to change the model.” Fitts calls what we have today “the Central Banking Warfare Model.” It is showing signs of troubles. Fitts goes on to say, “Are there cracks in the system? Yes. The more it is obvious the system works off force, the more invasive the force gets and the more push-back there is going to be both globally and domestically.” What is the big problem with a global financial system that is run by increasing force? Fitts contends, “The problem is it’s shrinking the pie. If nobody trusts anybody, how can you have a healthy economy?” http://www.silverdoctors.com/u-s-system-dependent-on-crime-and-fraud-catherine-austin-fitts/


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Looting the Pension Funds: Wall Street is Grabbing Money Meant for Public Workers

This is the third act in an improbable triple-[screwing] of ordinary people that Wall Street is seeking to pull off as a shocker epilogue to the crisis era. Five years ago this fall, an epidemic of fraud and thievery in the financial-services industry triggered the collapse of our economy. The resultant loss of tax revenue plunged states everywhere into spiraling fiscal crises, and local governments suffered huge losses in their retirement portfolios – remember, these public pension funds were some of the most frequently targeted suckers upon whom Wall Street dumped its fraud-riddled mortgage-backed securities in the pre-crash years. Today, the same Wall Street crowd that caused the crash is not merely rolling in money again but aggressively counterattacking on the public-relations front. The battle increasingly centers around public funds like state and municipal pensions. This war isn’t just about money. Crucially, in ways invisible to most Americans, it’s also about blame. In state after state, politicians are following the Rhode Island playbook, using scare tactics and lavishly funded PR campaigns to cast teachers, firefighters and cops – not bankers – as the budget-devouring boogeymen responsible for the mounting fiscal problems of America’s states and cities. http://www.globalresearch.ca/looting-the-pension-funds-wall-street-is-grabbing-money-meant-for-public-workers/5352934


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The IMF Proposal to Tax Bank Deposits

Economic subsistence, with no cash reserves or negligible nest eggs, for the majority of the masses is routine. Draining the coffers or annuities of retired public employees, really is an acceptable alternative, since the less privileged perceive their status would get a jump-start when the affluence differential narrows. Only those who have something to lose will see the IMF trial balloon as a danger to their monetary well-being. The class warfare card works every time. As long as the underlying reasons why the unsustainable debt obligations, mathematical inability of being serviced, without direct appropriation of massive assets from the ordinary public, is ignored. http://www.batr.org/negotium/101613.html


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Rehypothecation of Collateral

Before you get a headache or a pain in your side, rehypothecation is not as difficult to understand as spelling the word. Definition of ‘Rehypothecation’: “The practice by banks and brokers of using, for their own purposes, assets that have been posted as collateral by their clients. Clients who permit rehypothecation of their collateral may be compensated either through a lower cost of borrowing or a rebate on fees. http://www.batr.org/negotium/100913.html


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Flash Trading Hits U.S. Treasury Bonds

The US Treasury Bond market breakdown is in progress, all part of the general US Dollar global rejection that is taking the world by storm. Of course, residents inside the US Dome do not notice, since they only perceive it as the native currency. From conversations with common folk, discussions with investor types, and general observations for over 20 years, the Jackass belief is that only 5% to 10% of Americans are aware that the US Dollar serves as a global financial instrument in contracts, the basis for trade settlement (mostly crude oil), with some extremely important consequences. A major development has begun, much like a metabolic life support system in concert with the Interest Rate Swap derivative contract. For two years or more, the US Treasury Bond market has been deeply dependent upon artificial demand derived from the derivatives. Entire bond rallies have been fabricated with 50:1 leverage, fully supported by the financial network propaganda. Without derivative flying buttress support, the giant US TBond Tower would have collapsed a couple of years ago. Now a new support system has been begun, a dangerous musical chairs long entrenched in the stock market. It has entered the bond market finally. Flash Trading!! http://www.silverdoctors.com/jim-willie-flash-trading-hits-ustreasury-bonds/


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Cyprus-Style Wealth Confiscation is Now Starting to Happen All Over the Globe

Now that “bail-ins” have become accepted practice all over the planet, no bank account and no pension fund will ever be 100% safe again. In fact, Cyprus-style wealth confiscation is already starting to happen all around the world. As you will read about below, private pension funds were just raided by the government in Poland, and a “bail-in” is being organized for one of the largest banks in Italy. Unfortunately, this is just the beginning. The precedent that was set in Cyprus is being used as a template for establishing bail-in procedures in New Zealand, Canada and all over Europe. It is only a matter of time before we see this exact same type of thing happen in the United States as well. From now on, anyone that keeps a large amount of money in any single bank account or retirement fund is being incredibly foolish. http://theeconomiccollapseblog.com/archives/cyprus-style-wealth-confiscation-is-now-happening-all-over-the-globe


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No Pain No Gain — and No Central Bankers

There is no need for further hemming and hawing. There is no need for argumentative, philosophical dispute, or the insidious twaddle of economists in the employ of Central Bankers. Humanity must come together and force the end to Central Banking. If this is done, everything else can be managed. Consider nearly every evil present on the planet today. You can trace their existence back one way or the other to Central Bankers. The Central Bankers are linked in policy and process with the shadow government Satanists; those magicians from the dark side who take their power from the declining regent of a departing age. They shall all fail. Still, they are dangerous even in their failure because they can take you down with them. Don’t let that happen. http://www.smoking-mirrors.com/2013/09/no-pain-no-gain-and-no-central-bankers.html


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33 Shocking Facts Which Show How Badly the Economy Has Tanked Since Obama Became President

It is getting very tiring listening to Obama supporters try to claim that Obama has improved the economy. That is a false claim that is not even remotely close to reality. The following are 33 shocking facts which show how badly the U.S. economy has tanked since Obama became president. http://theeconomiccollapseblog.com/archives/33-shocking-facts-which-show-how-the-u-s-economy-has-tanked-since-obama-became-president


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The Bi-Polar World of Rich Bankers

The new speculative bubble of 2012 – 2013 is a product of the central banks’ (the Federal Reserve in the United States) low (virtually zero) interest policies, which allow Wall Street to borrow cheaply and speculate, activities which puff up stock prices but do not generate employment, and furthermore depress industry and polarize the economy. http://www.globalresearch.ca/the-bi-polar-world-of-rich-bankers-wall-street-take-off-2012-2013/5345685


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Credit Outbids Cash = Resource Wars

Creating credit is the same as printing money when interest rates are zero. If I borrow $1 billion at 0% from the Federal Reserve (because I’m a Too Big to Fail bank, for example), it is functionally equivalent to printing $1 billion in cash currency because the credit costs nothing. Let’s say there is a .25% interest rate cost and printing cash also costs .25%. The carrying costs of both are trivial. As a result, those with access to cheap credit have the equivalent of a printing press. http://www.zerohedge.com/news/2013-08-09/guest-post-credit-outbids-cash-resource-wars


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Washington Thinks You Are Stupid

There’s the old saying that if the government fears the people, there is liberty, but if the people fear the government there is tyranny. The criminals in Washington not only do not fear us, they do not respect us. Washington looks upon Americans as stupid sheeple. http://www.paulcraigroberts.org/2013/08/06/washington-thinks-you-are-stupid-paul-craig-roberts/


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The Financial System Doesn’t Just Enable Theft, It Is Theft

It is painfully self-evident that our financial system doesn’t just enable theft, it is theft by nature and design. If you doubt this, please follow along. http://www.zerohedge.com/news/2013-07-31/financial-system-doesnt-just-enable-theft-it-theft


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J. P. Morgan and Commodity Manipulation

The practices and methods of manipulating commodity markets, is a staple topic in financial journalism. Options, futures and exotic forms of derivatives, often put under the microscope, gives rise to calls for substantive regulation. One area of the commodity trade, seldom examined is that involved with physical commodities trading. http://www.batr.org/negotium/073113.html


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Currency Wars, Gold, and Total Collapse

Since the creation of the Fed in the U.S. in 1913 (a privately owned central bank set up for the benefit of commercial bankers), all currencies have declined 97-99% in real terms. And real terms, of course, means gold which is the only money that can’t be printed and the only money that has survived for 5,000 years. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/12_Currency_Wars%2C_Gold_Peace_%26_Total_Collapse.html


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Drunk Goldman Sachs Banker Knocked Out For Screaming Racial Slurs, in Serious Condition

As if the nation didn’t have enough racial tension on the line with the Zimmerman trial about to leave many people on either side of the gaping racial/social/political divide very angry any minute, now the bankers are involved. And not just any bankers, but apparently ones from that universally lauded incubator of central planners, Goldman Sachs. According to the Post, “a drunken man was punched out and sent to a hospital in serious condition last night after he yelled racial epithets at a couple quietly eating at a West Village burrito shop, cops and witnesses said. The violence went down at about 5:50 p.m. outside the Benny’s Burrito on the Greenwich Avenue and Jane Street. A black couple was sitting outside the Mexican joint when an intoxicated white man stumbled into their table. Douglas Reddish, 25, who was eating with his girlfriend, tried to help him regain his balance, cops said, and the wait staff came over to shoo the table crasher away. “This nigger wants to fight me!” the belligerent man yelled, cops said. http://www.zerohedge.com/news/2013-07-13/goldman-banker-knocked-out-screaming-racial-slurs-serious-condition


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Breakdown Signals — Contagion Looms

Many are the signals of breakdown, in the financial system and the Gold market. The day is near for release of gold from under the thumb of the criminal bankers. They can no longer operate in the shadows, recently in full view. The best information coming to my desk indicates that three major Western banks are under constant threat of failure overnight, every night, forcing extraordinary measures to avoid failure. http://www.silverdoctors.com/jim-willie-breakdown-signals-contagion-looms/


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If Edward Snowden is a Criminal, Why Aren’t the Rest of Us Criminals As Well?

While Snowden’s revelations about the NSA were dismaying, they were not surprising. Indeed, what I have found more disconcerting is the Left-Right response to Snowden’s revelations, namely, the willingness by those on both sides to join forces in maintaining the governmental status quo, at all costs. Talk about showing one’s true colors. When politicians with such disparate views as Senators Diane Feinstein (D-Calif.) and Lindsey Graham (R-NC) both give a full-throated defense of the Obama administration’s undeniably egregious and invasive surveillance activities, it’s obvious that we are no longer dealing with questions of freedom, or surveillance, or terrorism, but rather the defense of government power at all costs. http://us4.forward-to-friend.com/forward/show?u=f6eb78f457b7b82887b643445&id=074757a7ac


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Val Koinen

How can someone who is obviously so intelligent and so well educated be so right about some things yet so wrong about others? His overall thesis, and the beginning and ending of his commentary make eminent good sense. But he parrots the Jewish propaganda 'mantra' about Adolf Hitler; he ignores the realities of WW II history; he glorifies the Jew-driven civil rights movement and the communist rabble-rouser, plagiarist, and whoremonger Michael (Martin) Luther King Jr. And in doing so he turns his back on the plight of his fellow White men and their Western Civilization. Even though he sees evil where it should be seen, he seems to be completely oblivious to the racial and Jewish problems that are destroying our nation, our people, and Western Civilization itself.

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Collusion Course: Machinations of the Double-Headed Beast

Of course, the ‘state’ and the ‘free market’ are simply two halves of the same rough beast. The modern ‘free market’ is the result of massive, continual and pervasive state intervention on its behalf — that is, on behalf of the vicious predators exercising tyrannical control of economic activity — while the state is in practice little more than a vehicle for elite aggrandizement. http://www.chris-floyd.com/component/content/article/1-latest-news/2324-collusion-course-machinations-of-the-double-headed-beast.html


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The Social Costs of Capitalism

When I was a graduate student in economics, the social cost of capitalism was a big issue in economic theory. Since those decades ago, the social costs of capitalism have exploded, but the issue seems no longer to trouble the economics profession. http://www.paulcraigroberts.org/2013/05/30/the-social-cost-of-capitalism-paul-craig-roberts/


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What if Stocks, Bonds and Housing All Go Down Together?

The Grand Narrative of the U.S. economy is a global empire that has substituted financialization for sustainable economic expansion. In shorthand, those people with access to near-zero-cost central bank-issued credit can take advantage of the many asset bubbles financialization inflates. Those people who do not have capital or access to credit become poorer. That is the harsh reality of neofeudal, neocolonial financialization. Neofeudalism and the Neocolonial-Financialization Model. Injecting liquidity by creating credit and central bank cash out of thin air is not a helicopter drop of money into the economy–it is a flood of money delivered to the banks and financial elites. The elites at the top of the neofeudal financialization machine already have immense wealth, and so they have no purpose for all the credit gifted to them by the central banks except to speculate with it, chasing yields, carry trades and nascent bubbles (get in early and dump near the top). Life is good for the kleptocratic financial Aristocracy: for debt-serfs, not so good. http://www.oftwominds.com/blogmay13/stocks-bonds-RE5-13.html


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Golden Paradigm Shift

The list of acts steeped in treachery is long. The reactions are impressive. When viewed as the mosaic for actions coming to pass, the global response is indeed formidable. The micro events are important in their own right, as each hilltop must be retaken and restored. The macro events are what will en masse change the world, as a Paradigm Shift is underway. The United States and its fascist allies are not in control. They will not find a path to retain or regain control. They have no solutions. The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economies. The West is sinking in a sea of fecal soup, stirred with the toxic paper spew, infected by the rot of acidic corrosion, weighed down by absent legitimate solutions, exploited by criminal activity in high offices. The treachery has brought on powerful consequences. The Western lords are being deposed. They can appeal for squire posts to the East, or else they can wreck the globe. The biggest question is whether new trade devices will win out over the chosen Western fascist predilection toward wider war, release of more virulent viruses, more obvious slavery pens, and louder propaganda. http://silverdoctors.com/jim-willie-bank-runs-bullion-bank-runs-to-climax-soon-in-the-us/


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And the Band Played On

The existing status quo regime provides the illusion of choice, but both political parties are interchangeable in their desire to control our lives, flex our military might around the globe, indebt future generations and write laws to favor their corporate and banking masters. The establishment is showing contempt for the futures of our youth. Their solutions to the criminally created financial crisis have been to reward reckless debtors and bankers at the expense of future generations. http://www.theburningplatform.com/


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Thanks To QE, Bernanke Has Injected Foreign Banks With Over $1 Trillion in Cash For First Time Ever

This means that, as we expected several months ago, the only recipient of ongoing Fed money printing are not U.S. banks, but foreign banks operating in the U.S. http://www.zerohedge.com/news/2013-05-21/thanks-qe-bernanke-has-injected-foreign-banks-over-1-trillion-cash-first-time-ever


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The Biggest Peaceful Coup in World History

According to a Pew survey the middle class net worth dropped 28 percent in the decade following 2001 while the upper one percent edged higher. They attributed this distinction to plummeting home values that impacted the middle class while wealthier people held broader based assets. While inflation has torn away at the value of the dollar middle class family income has declined by about 4 percent in the new century. From 1970 into the new century the percentage of total income enjoyed by the wealthy has risen from 29 percent to 46 percent while the middle class share has declined from 62 percent to 45 percent. Read the results of the survey here. In this new world created over the heads of the American people the United States will bear no resemblance to the proud, affluent and powerful nation that emerged victorious after WWII. The objective is to flatten out the nations of the world making them more homogeneous and easier to govern. United States wealth is long gone replaced by trillions of dollars of debt that will enslave its citizens for generations. http://etherzone.com/2013/cron041513.shtml


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Gangster State America

There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. http://www.paulcraigroberts.org/2013/05/13/gangster-state-america-paul-craig-roberts/


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Ron Paul: ‘This is a House of Cards’

With no recovery in sight, where’s all this money going? It is creating bubbles. Bubbles in the housing sector, the stock market, and government debt. The national debt is fast approaching $17 trillion, with the Fed monetizing most of the newly issued debt. The stock market has been hitting record highs for the past two months as investors seek to capitalize on the Fed’s easy money. After all, as long as the Fed keeps the spigot open, nominal profits are there for the taking. But this is a house of cards. Eventually, just like in 2008-2009, the market will discipline the bad actions of the Fed and seek to find the real normal. In the meantime, real families are suffering. While Wall Street and the government take advantage of access to the Fed’s new “free” money, the Fed claims there is no inflation. But who hasn’t paid higher prices at the grocery store, the gas pump, for tuition, for insurance? http://www.zerohedge.com/news/2013-05-05/ron-paul-house-cards


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Gold, Silver, the Fed and Bank Runs

It’s hard to fly out of banks. You can’t escape the banks, you can only escape how much money you keep in any one bank. If you pull out (your money), what are you doing to do with it? Where do you put it? Are you going to put it in a safe in your house? Or you have to look for some other financial asset. Are you going to put it in the stock market when the stocks are at an all-time high and there is no economic activity, and profits are due to layoffs? Are you going to put it in the bond market when the real interest rates are negative and the bond market is the biggest bubble in human history? So they’ve kind of got people trapped. So what can they do? They can put it in precious metals, gold and silver, if they can find a place to store it that’s safe. To prevent that the government and the Federal Reserve short the bullion market in order to drive the prices down, to scare people away from that alternative. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/4_Former_US_Treasury_Official_-_Gold,_Silver,_The_Fed_%26_Bank_Runs.html


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Bank Runs and Bullion Bank Runs to Climax Soon in the U.S.

The Western nations really truly sincerely need a wake-up call on reality, and it is coming as a paradigm shift with shock waves. When the coming dust clears, the evidence is plain that the change to be seen will be dead banks in dissolution with private bank accounts vacated. In other words, razed leveled banks with no functioning operating offices, and bank accounts showing zero balances. The consequence is ugly and powerful, lost client trust in the banking institutions. http://silverdoctors.com/jim-willie-bank-runs-bullion-bank-runs-to-climax-soon-in-the-us/


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Our Chains Are Forged by Usury

Using Gentile fronts, Jewish bankers succeeded in privatizing the money supply and making it a liability of the State. Money is just a medium of exchange, like a coupon. It has no intrinsic value but is a prerequisite for economic vitality. The bankers have bought everyone and everything, beginning with politicians and mass media, and ensured that humanity is diverted and depleted by constant wars and depressions. http://henrymakow.com/2013/04/We-Forge-Our-Chains-With-Usury.html


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Everything is Rigged: The Biggest Price-Fixing Scandal Ever

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything. http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425


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Why Krugman and the Keynesians Are Lackeys for the Neo-Feudal Debtocracy

Like all cargo cults, Keynesians maintain a magical-thinking belief in the power of wanting more stuff. But in so doing, they embrace and support the mystification that protects the power structure that is dooming the nation and its economy to stagnation and eventual collapse (call it “reset” if you prefer). By focusing on increasing demand and consumption by any means, the Keynesian Cultists miss the key dynamics of sustainable growth and fail utterly and completely to acknowledge the corrupt and exploitive nature of our cartel-state crony-capitalism economy. Has their naivete blinded them to the power structure of the neofeudal-neocolonial debtocracy? It seems unlikely, and so that leaves a less savory motivation: co-option.They’re raking in big bucks as apologists for cartel-state crony-capitalism, and as a result they don’t dare question the power structure, much less hazard a critique of the hands that feed them. http://www.zerohedge.com/news/2013-04-24/guest-post-why-krugman-and-keynesians-are-lackeys-neofeudal-debtocracy


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Fed Desperate To Stop Collapse

Let us be sure we understand how risks for the once masterful US economy became so great. The main cause of America’s demise is the offshoring of manufacturing and professional service jobs. This deprived the US economy of consumer income and state, local, and federal governments of tax base. When the offshored production comes to the US to be marketed, it drives up the trade deficit. The result is larger surpluses in the hands of foreigners, who use the dollars to purchase income-earning US assets. Consequently, this income also flows out of American hands into foreign hands. Drained of consumer purchasing power, the US economy faltered. The Federal Reserve decided to substitute an increase in consumer debt as a substitute for the missing growth in consumer income in order to keep a consumption-driven economy alive. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/24_Former_US_Treasury_Official_-_Fed_Desperate_To_Stop_Collapse.html


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Abnormalcy Bias

The 100 year downward spiral began gradually but has picked up steam in the last sixteen years, as the exponential growth model, built upon ever increasing levels of debt and an ever increasing supply of cheap oil, has proven to be unsustainable and unstable. Those in power are frantically using every tool at their disposal to convince Boobus Americanus they have everything under control and the system is operating normally. The psychotic central bankers, “bought and sold” political class, mega-corporation soulless chief executives and corporate controlled media use propaganda techniques, paid “experts”, talking head “personalities”, captured think tanks, and the willful ignorance of the majority to spin an increasingly dire economic descent as if we are recovering and getting back to normal. Nothing could be further from the truth. http://www.theburningplatform.com/?p=52862


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Switzerland Revises 1934 Banking Act to Allow Bail-In Deposit Confiscations!

The Swiss Financial Market Supervisory Authority (FINMA) has quietly joined the growing parade of Western nations who have quietly re-written banking laws to allow depositor bail-ins upon the next banking crisis. If Switzerland, the once ultimate safe haven for banking deposits across the world is preparing to confiscate depositors funds, there truly is no protection anywhere other than physical gold and silver in your own possession. http://silverdoctors.com/switzerland-revises-1934-banking-act-to-allow-bail-in-deposit-confiscations/


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Too Big to Jail

Corporate America just received the confirmation that they’ve been waiting for. The attorney general of the United States has now admitted that the biggest American financial corporations have created such a labyrinth of their structures and practices that the Justice Department has given up trying to police them in matters of corruption or criminal malfeasance, saying that bringing down any of these mega-banks or businesses could cause crash the economy. http://www.counterpunch.org/2013/03/18/too-big-to-jail-2/#.UWQkvEYGYxs.email


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Truth is Offensive

Without WikiLeaks and Assange the world would know essentially nothing. Spin from Washington, the presstitute media, and the puppet state medias would prevail. So the word went out to destroy Julian Assange. It is amazing how many people and Internet sites obeyed Washington’s command. Assange has been so demonized that even though he has been granted political asylum by Ecuador, the British government, obeying its Washington master, refuses to allow him safe passage out of the London Ecuador Embassy. Is Assange destined to live out his life inside the Ecuador Embassy in London? Will Assange be a replay of Cardinal Jozsef Mindszenty who on November 4, 1956, sought asylum in the U.S. embassy in Budapest as Soviet tanks poured into Hungary to put down the anti-communist revolution? Cardinal Mindszenty lived for 15 years in the U.S. embassy. Today it is “freedom and democracy” amerika that is copying Soviet practices during the cold war. In contrast with “freedom and democracy” U.S. and UK, the “authoritarian,” “communist,” “oppressive” Chinese government when confronted with Chinese dissident Chen Guangcheng’s defection to the U.S. embassy in Beijing, let him go. It is an upside down world when America and the British refuse to obey international law, but the Chinese communists uphold international law. http://www.paulcraigroberts.org/2013/03/31/truth-is-offensive-paul-craig-roberts/


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Wall Street’s Role in the Crisis in Cyprus

Recent events in Cyprus, the seizure of bank deposits to affect bailouts of large private banks and the implementation of capital controls to limit the rate at which remaining bank deposits can be moved out of the country, suggest the global banking crisis widely presented in the mainstream press as behind the West is still very much present. http://www.counterpunch.org/#.UVbdD9d0fNw.email


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Conrad

The people of Europe should most certainly stop making deposits into the banks. …………………… JACK™S WAR https://www.createspace.com/3820778/

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The Global Elite Are Very Clearly Telling Us That They Plan to Raid Our Bank Accounts

Don’t be surprised when the global elite confiscate money from your bank account one day. They are already very clearly telling you that they are going to do it. Dutch Finance Minister Jeroen Dijsselbloem is the president of the Eurogroup – an organization of eurozone finance ministers that was instrumental in putting together the Cyprus “deal” – and he has said publicly that what has just happened in Cyprus will serve as a blueprint for future bank bailouts. What that means is that when the chips are down, they are going to come after YOUR money. http://theeconomiccollapseblog.com/archives/the-global-elite-are-very-clearly-telling-us-that-they-plan-to-raid-our-bank-accounts


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Canada Includes Depositor Haircut Bail-In Provision For Systemically Important Banks in 2013 Budget

Just as DieselBOOM accidentally admitted Monday, it appears that the Cypriot bail-in is anything but a one-off event, and is in fact the new collapse template for the entire Western banking system, and not just the ECB/ Eurozone! http://maxkeiser.com/2013/03/28/canada-includes-depositor-haircut-bail-in-provision-for-systemically-important-banks-in-2013-budget/


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This is How a Country Ends: Not With a Bang, But a Bailout

Curious how in the New Normal a nation is brought to its untimely end without a single shot being fired? Dimos Dimosthenous, who has worked at the Bank of Cyprus for over 30 years, explains: “That will be the end. Our jobs, our rights, our welfare funds will be lost and Cyprus will be destroyed.” In short: not with a bang, but a bailout. http://www.zerohedge.com/news/2013-03-26/how-country-ends-not-bang-bailout


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The Financial System is Collapsing Before Our Eyes

You cannot prop-up banks just by pumping in new money, and after there is none left, then go to the people and call it austerity measures. Then take all of their money and give it to the banks, and when that fails, there is nothing left. Right now we are almost to the point of nothing left. Cyprus is the one that everyone should look at. We believe it’s a test case. So with Greece already down, Spain out, Italy on the edge, and Portugal gone, Ireland barely floating, to us Cyprus was the test case to see what they can do to steal the money from the people one more time. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/22_Celente_-_The_Financial_System_Is_Collapsing_Before_Our_Eyes.html


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putnamvt

Good, because maybe when Joe Kwan's stomach starts growling, he will develop a sudden interest in The Problem.

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Why The Banking System Would Make Lenin Proud

Socialism is not crafted solely on the backs of standing human or robotic armies, police, and bureaucracy. The modern state must also possess an apparatus of big banks, as Lenin wrote at the onset of the Bolshevik Revolution, for it is banks which perform most accounting and financial recording. In socialism, banks must be expanded, made more comprehensive and, in our globalized age, reach worldwide. http://www.alt-market.com/articles/1402-why-the-banking-system-would-make-lenin-proud


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The Cyprus Great Bank Robbery

When does banksters’ extortion become outright theft? The latest example and escalation by the placing a levy fee on bank deposits in the tax haven of Cyprus illustrates the bold step of seizing private liquid saving accounts, under the guise of a government tax. The prospects of an all out run on the banking system have jumped tenfold. Essentially, a government is using the power of the state, to steal funds not because of the bankruptcy of a banking institution, but because of a failure of the entire EU financial system. http://www.batr.org/negotium/032013.html


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The Great Cyprus Bank Robbery Shows That No Bank Account, No Retirement Fund and No Stock Portfolio is Safe

Up until now, most people assumed that private bank accounts were untouchable and that deposit insurance actually meant something. Now we see that there is no pile of money that is considered “off limits” by the global elite and deposit insurance means absolutely nothing. The number one thing that any financial system depends on is faith. If people do not have faith in the safety and stability of a financial system, it will not work. Well, the people that rule the world have just taken a sledgehammer to the trust that we all had in the global financial system. http://theeconomiccollapseblog.com/archives/the-great-cyprus-bank-robbery-shows-that-no-bank-account-no-retirement-fund-and-no-stock-portfolio-is-safe


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Cyprus Americana: Humanity vs. the Banksters

The Banksters in the EU have announced that they intend to steal cash from the savings accounts of the people in Cyprus, and give that cash to the criminal banks! This is an overt, malevolent act of total evil. It cannot stand. It is the epitome of everything we’ve been warning about for years. This is the proof that the real world war is the one of the Banksters VS Humanity. The question now is, who’s next? http://www.silverdoctors.com/cyprus-americana-humanity-vs-the-banksters/


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Making Venezuela Safe for the Banksters

Hugo Chavez died yesterday from cancer

Now that Hugo Chávez is out of the way in Venezuela, the banksters are free to move forward with the effort to loot and pillage the oil-rich nation. Chávez’s idealistic political ideology of Bolivarianism and “socialism of the 21st century” stalled the effort for a number of years, but his death from the ravages of cancer will permit a more compliant leader to be appointed Wall Street overlords. http://www.infowars.com/making-venezuela-safe-for-the-bankers/


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putnamvt

Sure can't rule it out.

LabMan

Was Chavez "Arafated",a little Polonium-210 goes a long way!

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It’s Always the Best Time to Buy

The negative equity position of millions of homeowners gets at the gist of the effort to re-inflate the housing bubble. By artificially pumping up home prices, the Wall Street titans and their co-conspirators at the Federal Reserve and Treasury Department are attempting to repair insolvent Wall Street bank balance sheets, lure unsuspecting dupes back into the housing market, reignite the economy through the old stand-by wealth effect, and of course enrich themselves and their crony capitalist friends. The artificial suppression of home inventory has been working wonders, as 2 million homeowners were freed from negative equity in 2012. If they can only lure enough suckers back into the pool, all will be well. Phoenix must have an inordinate number of chumps with home prices rising by 22.5% in 2012 as investors and flippers poured into the market with cheap debt and big dreams. Of course everything is relative, as prices are still down 44% from the peak and 40% of mortgages remain underwater. http://www.theburningplatform.com/?p=49703


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Adrift at Sea

The similarities between the horrific voyage of the Carnival Triumph and the tragic voyage of the dysfunctional ship of state we call America are many. We have a ruling class consisting of the President, Congress, Judiciary, Central bankers, Media titans, and goliath corporation CEOs who care not for the citizens of this country. You are ignorant peasants in their eyes. They only care about maintaining and expanding their wealth, control and power through the complete capture of our financial markets, political system and media propaganda to the masses. The health and welfare of the peasants isn’t even on their radar screen. The ruling class steering this ship of fools have no interest in the truth or the best long –term interests of the country. The vast majority of the passengers on this impaired listing ship prefers to believe the propaganda and lies spewed by the captain and his minions. They prefer the illusion of safety and security to the truth about the real condition of this ship. When the engines of this ship come to a grinding halt, their illusions will be shattered. Big government will come up small when it counts. The government propaganda and public relations will be revealed as nothing but hot putrid air and fecal matter. http://www.zerohedge.com/news/2013-02-18/guest-post-adrift-sea


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Prospect of Prison Looms For Jesse Jackson Jr.

The prospect of prison looms over former U.S. Rep. Jesse Jackson Jr. and his wife after they agreed to plead guilty to charges in an alleged scheme to spend $750,000 in campaign funds on personal items — including furs, a gold watch, a football signed by U.S. presidents and even a hat once owned by Michael Jackson. http://entertainment.verizon.com/news/read.php?rip_id=%3CDA4FJNGG2%40news.ap.org%3E&ps=1018#.UR-JSIaAZRQ.email


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Low Interest Rates Impoverish Savers

The besieged consumer gets another whammy from a banking system that thrives on charging usurious fees, while paying you near zero on your saving accounts. With the execution of the Bernanke rescue strategy, the prospects of personal or consumer loans are virtually non-existent. In Helicopter Ben speak; “maintaining monetary accommodation” just does not filter down to the common man. http://www.batr.org/negotium/020613.html


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The Fraud That Begets All Others

In 1913, Congressman Charles Lindbergh said: “When the President signs this bill; the invisible government by the Monetary Power will be legalized…The greatest crime of the ages is perpetrated by this banking and currency bill…The day of reckoning is only a few years removed.” Prophetic words. The establishment of the Federal Reserve Bank in 1913 set off a chain of baneful events that blighted the 20th century and darkens our prospects for the 21st. It began with World War One and the Great Depression, and continues with the WTC and the war on Afghanistan and Iraq. http://www.henrymakow.com/310702.html


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37 Statistics Which Show How Four Years of Obama Have Wrecked the U.S. Economy

The truth is that the first four years of Obama were an absolute train wreck for the U.S. economy. Over the past four years, the percentage of working age Americans with a job has fallen, median household income has declined by more than $4000, poverty in the U.S. has absolutely exploded and our national debt has ballooned to ridiculous proportions. Of course all of the blame for the nightmarish performance of the economy should not go to Obama alone. Certainly much of what we are experiencing today is the direct result of decades of very foolish decisions by Congress and previous presidential administrations. And of course the Federal Reserve has more influence over the economy than anyone else does. But Barack Obama steadfastly refuses to criticize anything that the Federal Reserve has done and he even nominated Ben Bernanke for another term as Fed Chairman despite his horrific track record of failure, so at a minimum Barack Obama must be considered to be complicit in the Fed’s very foolish policies. http://theeconomiccollapseblog.com/archives/37-statistics-which-show-how-four-years-of-obama-have-wrecked-the-u-s-economy


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The State-Owned Bank of North Dakota

Fiscal conservatives often are blind when it comes to alternatives to the “so called” commercial banking system. Many conventional Republicans are ignorant or simply carrying the water for the crony capitalist banking establishment. The fractional reserve banking monopoly that operates under the auspices of the privately owned Federal Reserve System, despises any trace of competition. The bondage from debt created money has doomed Main Street to the fate of contrite beggars in search of securing loans. Useful purposes for business financing are not sufficient reason for the qualifying for commercial credit. http://www.batr.org/negotium/012313.html


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Red Beard

What's funny is there is a lot of hand ringing in ND over the continued existence of the bank. Plenty of "It's communist!" type thinking, often fueled by private banks. I'm sure the private bankers would love nothing more than to see it put out to pasture.

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America Meet Your New Slumlord: Wall Street

Well they aren’t really your “new” slumlord in the sense you have been debt slaves to the financials system for decades. What I really mean is that it is now becoming overt and literal. Literal because financiers are now the main players in the real estate market and are buying all the homes ordinary citizens were kicked out of over the past few years. Yep, we bailed out the financial system so that financiers with access to cheap credit can buy up all of America’s real estate so that they can then rent it back to you later. http://www.zerohedge.com/news/2013-01-09/guest-post-america-meet-your-new-slumlord-wall-street


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Bill Gross: Fed Claims To Own Billions in Fort Knox Gold; ‘With Nothing in the Vault To Back It Up – Amazing!’

Fort Knox

Bill Gross, founder of Pimco, the world’s largest bond fund with over $1.92 trillion under management, penned a new piece entitled, “Money for Nothin’ Writing Checks for Free.” In his editorial, he called attention to the near $10 trillion explosion in global central bank money issuance since 2006, and the impending doom historically associated with a “money for nothing” monetary policy. His conclusion: The whole charade will soon hit a brick wall. http://lewrockwell.com/rep4/bill-gross-fort-knox.html


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Revolution vs. ‘Turboparalysis’ — The Real New Normal

Why has a global calamity produced so little political change and, at the same time, so little rethinking? Part of the answer, I think, has to do with the collapse of the two-way transmission belt that linked the public to the political elite. But there is a deeper, structural reason for the persistence of turboparalysis. And that has to do with the power and wealth that incumbent elites accumulated during the decades of the global bubble economy. http://www.zerohedge.com/news/2013-01-07/revolution-vs-turboparalysis-real-new-normal


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Fiscal Cliff Over, Now the Attack on the People Begins

Budget debates are how government sets its priorities and the fiscal cliff package shows were h government’s priorities are: low taxes on the wealthy and corporations, giveaways to business and take-aways from the American people. People can expect much worse in the months to come unless they get organized and mobilize against austerity in a big way. Elected officials will need to be scared by the public in a big way to stop the bi-partisan assault on the people. http://www.globalresearch.ca/fiscal-cliff-over-now-the-attack-on-the-people-begins/5317610


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Secrets and Lies of the Bailout

The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come. http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104


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The Global Elite Are Hiding 18 Trillion Dollars in Offshore Banks

According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland. That is a staggering amount of money. Keep in mind that U.S. GDP in 2010 was only 14.58 trillion dollars. http://www.globalresearch.ca/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-banks/5317691


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Long History of HSBC Money Laundering

If there was any lingering doubt about the supremacy of the internationalist banker over the canons of law, the latest HSBC exemption from criminal charges proves that the real masters of the planet are the criminal banksters. If this settlement was an abnormality and not the rule, one might argue the expediency for pragmatism, while deployable, is necessary. Unfortunately, for the financial elites, the facts tell a very different story. http://www.batr.org/negotium/121912.html


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The Coming Derivatives Panic That Will Destroy Global Financial Markets

When financial markets in the United States crash, so does the U.S. economy. Just remember what happened back in 2008. The financial markets crashed, the credit markets froze up, and suddenly the economy went into cardiac arrest. Well, there are very few things that could cause the financial markets to crash harder or farther than a derivatives panic. Sadly, most Americans don’t even understand what derivatives are. http://theeconomiccollapseblog.com/archives/the-coming-derivatives-panic-that-will-destroy-global-financial-markets


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Ten Numbers the Rich Would Like Fudged

The numbers reveal the deadening effects of inequality in our country, and confirm that tax avoidance, rather than a lack of middle-class initiative, is the cause. http://www.nationofchange.org/ten-numbers-rich-would-fudged-1353335225


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Our Collapsing Economy and Currency

Is the “fiscal cliff” real or just another hoax? The answer is that the fiscal cliff is real, but it is a result, not a cause. The hoax is the way the fiscal cliff is being used. http://www.paulcraigroberts.org/2012/12/01/our-collapsing-economy-and-currency/


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34 Signs That America is in Decline

Many Americans like to think that the United States is greater today than it has ever been before, but the truth is that America is like a patient that has stage 4 cancer that has spread to almost every area of the body. Our nation is being destroyed in thousands of different ways, and more distressing news emerges with each passing day. http://theeconomiccollapseblog.com/archives/34-signs-that-america-is-in-decline


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Economic Totalitarianism and the Fiscal Cliff

Daley correctly compares what is now emerging in the West to what brought down the Soviet Union. She writes that the West will increasingly use “the social and political structures that the East employed. As the fixed pot of national wealth loses ever more value, and resources shrink, the measures to enforce ‘fair’ distribution must become more totalitarian: there will have to be confiscatory taxation on assets and property, collectivization of the production of goods, and directed labor.” It will be the “logical conclusion of what will seem like enlightened social policy in a zero-growth society where hardship will need to be minimized by rigorously enforced equality,” a false equality Democrats have enthusiastically demonstrated they are more than ready to impose. I’d add to her analysis my own observation. If the so-called right is correct and Obama is indeed a socialist, he is a socialist designed by the banksters and the ruling elite. Despite inane cheering on the so-called left side of the rigged political spectrum, “taxing the rich” (the producers) will not be imposed in the name of social justice or as a valiant attempt to buttress the social safety net – it will be a continuation and expansion of predatory looting of wealth by the elite and just as importantly a method of social and political control of the masses. http://www.infowars.com/economic-totalitarianism-and-the-fiscal-cliff/


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Is It Fair to Tax the Rich Out of Business?

The way to unlock the capital to expand the economy is to require commercial banks to conduct their function as lenders. Restoring that elusive fairness has never been more obvious then reenacting Glass–Steagall. However, the Wall Street Wizards hide behind the curtain of special tax treatment. Differentiate capital gains taxation much like the separation of investment and commercial banking. http://www.batr.org/negotium/112812.html


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Anti-Dematerializationtarianism

It was Tuesday, October 30 when Hurricane Sandy pounded New York City. Sixteen days later, the folks who store all your stocks and bonds, (the ones in your Fidelity retirement account that the talking baby at E-Trade and the trustworthy TV actor Sam Waterston of TDAmeritrade convinced you to hand over in street name to your broker) announced that they are in the “initial phases of recovery.” Combine your stocks with all the other forms of paper money (except actual paper money) that is kept on file by the Federal Reserve and all the banks combined and you have $36.5 trillion in washed up paper securities that you can only visualize as being sucked up by one of those giant vacuums that deep sea diving treasure hunters use to sort the gold dubloons from the sand on the bottom of the ocean. Here’s what it took sixteen days to hear from the DTCC. http://tradewithdave.com/?p=13436


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50,000 Zombie Firms to Fail if Rates Rise

There are almost 150,000 zombie firms in the UK – businesses that are fundamentally broken, and only still alive because ultra-low interest rates are holding down their debt repayments. But while some firms may be able to restructure their debts and business processes to thrive in the long run, up to 50,000 are deemed “beyond hope” by the IfT, as they can barely pay interest on their debts, let alone repay the capital. http://www.cityam.com/latest-news/50000-zombie-firms-fail-if-rates-rise#.UKIUBjml_nA.twitter


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Danger Ahead: The Oligarchs Don’t Understand That Economic Collapse Happens When They Get All the Money

Let’s face it, if your opponent in Monopoly scoops up Boardwalk, Park Place, North Carolina Avenue, Pacific Avenue, both utilities, and the four railroads – that’s game over. The other players, all of whom have been relegated to mere consumers instead of property owners, will slowly go bankrupt having to pay higher and higher costs for rent and services, utilities, and transportation. Eventually, one player has all the money and the losers have to clean up the board game and put it away. http://www.alternet.org/economy/danger-ahead-oligarchs-dont-understand-economic-collapse-happens-when-they-get-all-money


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No Undue Fallout from Money Printing

John Williams, president of the San Francisco Fed, yet another noted dove, thinks nothing can go wrong by printing gobs of money. There is no inflation, and there never will be. They have the ‘tools’ to avert it. Never mind the explosion of the money supply over the past four years – it is all good. Have no fear though, as Williams notes: “Once it comes time to exit its super-easy monetary policy, the Fed will target a ‘soft landing,’” The hubris of these guys is jaw-dropping. We are struck by the continued refusal by Fed officials to even think for a second about the long range effects of their policies. In the meantime, money printing continues to undermine the economy. Wealth cannot be generated by increasing the money supply – all that can be achieved by this is an ephemeral improvement in the ‘data’ even while scarce capital continues to be malinvested and consumed. http://www.zerohedge.com/news/2012-11-07/guest-post-no-undue-fallout-money-printing


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The Coming Age of Austerity

“Are the good times really over for good?” asked Merle Haggard in his 1982 lament. Then, the good times weren’t over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of our lives. Yet whoever wins today, it is hard to be sanguine about the future. The demographic and economic realities do not permit it. http://www.humanevents.com/2012/11/06/buchanan-the-coming-age-of-austerity/


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The Financial Super-Storm of 2013

The destructive whirlwind that hits New York in 2013 will be a financial Frankenstorm. Four years of glorious central-planning “extend and pretend” have enriched the political and financial Aristocracies, and imbued them with a bubble-era hubris that they have indeed gotten away with murder: the $6 trillion the Federal government borrowed over the past four years, the Fed’s $2 trillion in fresh cash, the Fed’s $16 trillion bailout of the banking sector and various perception management manipulations have righted the storm-tossed ship. All those with power in 2008 remain in power and all those with outsized wealth in 2008 still hold their outsized wealth. The global tsunami of borrowed and printed money lifted the water-logged dinghies of the debt-serfs enough to give them hope of better times; meanwhile, their adjusted income has declined 8%: they are poorer while the neofeudal Aristocracy is much wealthier: same as it ever was, right? Except the financial tides and winds have shifted, and the linearity of central planning is about to be disrupted by nonlinear, positive-feedback storms. Let’s list a few of the major storms brewing. http://www.zerohedge.com/news/2012-10-31/guest-post-financial-super-storm-2013


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Gigantic Central Bank Gold Rehypothecation Scandal Beginning to Break

A nasty Golden Harp could soon have its cords plucked, with the resonance working to shake loose the bankster cover of improper illicit duplicitous and probably highly illegal usage of Allocated Gold Accounts. When diverse scattered accounts are pilfered and depleted without authorization in Switzerland, resulting in several multi-$billion class action lawsuits in Zurich, all kept dutifully out of the news, that is one thing. But when a few key official government gold accounts are ransacked in systematic fashion from established trusted locations, defying and betraying the trust of the German Govt and other national governments, that is quite another. To be sure, the system can tolerate ransacking and replacing with scurried harried efforts the Venezuelan gold account like in 2011. The media told the story with creativity and aplomb, avoiding the truth, inventing a tale, but finding a credible pile of dung to feed the public, which swallowed it whole. The global monetary war has been raging for four years, ever since the Lehman Brothers firm was targeted and destroyed with planning and motivated execution, for the benefit of Goldman Sachs full CDS redemptions and exploit by JPMorgan in war chest reload under cover of bankruptcy court orders. The media prefers regularly to refer to the global financial crisis incorrectly and improperly. A crisis passes after a year or so. This war lingers like WWI and WW2 and Vietnam, with a clear emerging agenda to defend the USDollar regime from global isolation shun, to conceal the USTreasury Bond support mechanisms in derivatives, to avoid the US banking system from grotesque insolvency but kept afloat by grand money laundering channels, and to motivate an endless war to secure resource thefts and control that center on oil fields and the poppy fields. Witness the slow gradual inexorable collapse of the global monetary and financial system. http://www.silverdoctors.com/jim-willie-central-bank-gold-rehypothecation-scandal-to-take-gold-to-5000oz/


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Your Money Isn’t Safe in Any U.S. Financial Institution

The largest 25 banks in the United States have total deposits of $8.3 trillion. Not only does that sum exceed the amount of money on hand for the FDIC by many times, it also doesn’t include the enormous portfolios of derivatives these banks hold. And U.S. courts have now ruled that creditors of U.S. financial institutions, which surely include counterparties holding the opposite side of these derivative contracts, have the right to collect ahead of any obligation of financial institution to its customers. The “gross notional value” of those derivatives for these 25 banks comes to an almost unbelievable $249 trillion. http://lewrockwell.com/nestmann/nestmann46.1.html


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‘Inside Job : The U.S. is a Kleptocracy

A 2010 Oscar-winning documentary on the “credit crisis” shows how the banking industry preys on Americans like wolves prey on sheep. They have placed their errand boys in the White House and there is nothing to stop them. http://www.henrymakow.com/inside-job-incorrigible-corruption.html


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How Neo-Liberals Perverted Capitalism

The version of capitalism that is prevalent in the world today is globalized, oligopolistic, crony and blind to its own crisis of legitimacy. As a consequence, a ‘winner takes all’ or ‘feral’ version of capitalism became the accepted norm. In this version of capitalism, which the historian Eric Hobsbawm has described as “a pathological degeneration of the Adam Smith line”, companies became so focused on short-term profit maximisation that social responsibility and civilised values — including caring for customers, caring for their staff and caring the environment — were jettisoned. Once this sort of capitalism takes root, a race to the bottom generally ensues. http://www.ianfraser.org/the-pathological-degeneration-of-adam-smith/


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Let’s Talk About Facts, Not Fear

It’s not just debt burdens that are problematic. ‘Rich’ countries in the West are also rapidly debasing their currencies, spawning tomes of regulatory impediments, restricting the freedoms of their citizens, aggressively expanding the powers of the state, and engaging in absurd military folly from Libya to the South China Sea. Once again, this is not the first time history has seen such conditions. In our own lifetimes, we’ve seen the collapse of the Soviet Empire, the tragi-comical hyperinflation in Zimbabwe, and the unraveling of Argentina’s millennial crisis. Plus we can study what happened when empires from the past collapsed. The conditions are nearly identical. Is our civilization so different that we are immune to the consequences? http://www.zerohedge.com/news/2012-10-15/guest-post-lets-talk-about-facts-not-fear


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Wall Street’s Next Profit Scheme — Buying Up Every Piece of Your Home Town

Cities are defaulting from California to Alabama. They cannot reverse course and restore taxes on property owners without causing more mortgage defaults and abandonments. Something has to give – so cities are scaling back public spending, downsizing their school systems and police forces, and selling off their assets to pay bondholders. This has become the main cause of America’s rising unemployment, helping drive down consumer demand in a Keynesian nightmare. Less obvious are the devastating cuts occurring in health care, job training and other services, while tuition rates for public colleges and “participation fees” at high schools are soaring. School systems are crumbling like our roads as teachers are jettisoned on a scale not seen since the Great Depression. Yet Wall Street strategists view this state and local budget squeeze as a godsend. http://www.alternet.org/economy/wall-sts-next-profit-scheme-buying-every-piece-your-home-town


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Here Comes a New Wave of Market Manipulation

Bernanke is attempting to manipulate asset prices by trying to force capital into certain asset classes such as equities and housing to re-inflate both of these bubbles. Bernanke does NOT want people to save, and he does not want American’s to own precious metals, as evidenced by his response to Ron Paul last year in which he claimed gold is no longer money, even though the Central Banks are hoarding gold and silver in an environment where they are printing epic amounts of fiat currency. http://www.silverdoctors.com/here-comes-a-new-wave-of-market-manipulation/


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QE For the People — What Else Could We Buy With $29 Trillion?

Central banks could be helping communities instead of enriching predatory, parasitic “too big to fail” banks and financial feudalism. In a system that depends on lies and the credulity of the citizenry, the greatest lie is that the Federal Reserve’s “quantitative easing” bailouts of the banks somehow help our citizens and communities. To clarify this, ask yourself this question: what else could we have bought with the $29 trillion the Fed loaned or backstopped to the banks? http://www.zerohedge.com/news/2012-09-24/guest-post-qe-people-what-else-could-we-buy-29-trillion


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10 Shocking Quotes About What QE3 is Going to do to America

Ready or not, QE3 is here, and the long-term effects of this reckless money printing by the Federal Reserve are going to be absolutely nightmarish. The Federal Reserve is hoping that buying $40 billion worth of mortgage-backed securities per month will spur more lending and more economic activity. But that didn’t happen with either QE1 or QE2. http://endoftheamericandream.com/archives/10-shocking-quotes-about-what-qe3-is-going-to-do-to-america


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Goetz von Berlichingen

Here's another angle for you to think about. Suppose you have your house paid off, so all you have to pay is insurance and property taxes. What happens when what you have left in retirement accounts can't keep up with property tax increases? Municipalities will have to raise property tax rates to keep up with expenses due to devalued currency. When your dad dies, you can always have your mother move in with you, but what happens when two generations of Americans are out on the streets?

308Winchester

Nobody should be sitting around with their life savings in dollars. That nest egg should be in gold, guns, and ammo. Most of these items should be buried deep on a remote piece of state-owned land. Buried deep. They will be coming for them.

LabMan

The only way out of this mess is to be 90 years old!,imagine the future for our kids and grandkids!

Goetz von Berlichingen

The problem with liquidating debt via inflation is that anyone who has any money saved is screwed. Do you have a retirement plan of any sort? Color it gone. The feds would never be able to nationalize IRAs, 410(k)s and other private or company pension plans, because even under Eminent Domain law, they'd have to pay fair market value for what they took. If they took someone's $200,000 pension, they'd have to pay that person the whole $200,000. On the other hand, if the Federal Reserve Bank can inflate the currency enough, some of our savings will eventually be worthless. Pension plans will be the last to go completely belly-up, as these funds tend to be invested in things with genuine value, like company stocks. Leaving pension plans out of the picture, someone who is responsible, has some money saved and has no personal debt is being punished in this case. Perhaps that is the point; we know who's side the current White House occupant is on, and his favorite people all spend more than they earn, and on depreciating assets, like spinner wheel rims and hair extensions.

308Winchester

"We are trying to liquidate our debt through inflation." Dr. Paul is right as far as he goes. The current national debt (13 trillion) CAN be inflated away. Redeem outstanding T-Bonds as they mature with freshly printed money (FPM). Then drop the pretense and quit selling bonds which only the Fed will buy anyway--just pay debts beyond tax revenue with FPM. This invites hyperinflation, of course, while doing nothing for the bigger problem of 225 trillion in unfunded liabilities (as Gary North recently explained). Those future liabilities will rise with inflation. What they will do is default. Social security, Medicare, Medicaid, federal pensions, etc. will all be frozen at current levels. Then they can be reduced to the vanishing point by inflation without endangering the Zio-wars or transfers of any residual wealth to the Zio-bankers. But the submissive, compliant, ignorant slaves may finally see that the government is their enemy, not their friend. Thus the sprinting (not creeping) totalitarianism, the FEMA camps, the militarization of the cops, and those billions of rounds of hollow-point "citizen-killer" ammo.

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Bernanke Advocates Blowing Asset Bubbles as the Antidote to Depression

If there was one absolutely must see moment exposing everything that is broken with the Fed’s brand new policy of QE-nfinity, it was this exchange between Reuters’ Pedro da Costa and the Chairman. It explains, beyond a reasonable doubt, that the only goal the Fed now has is to reflate the stock market bubble to previously unseen levels, to focus on generating jobs although not for everyone but only for Wall Street, consequences be damned, because by the time the consequences arrive, and they will (just recall that subprime is contained) they will be some other Fed chairman’s problem. Bernake’s term mercifully runs out in January 2014. http://blog.alexanderhiggins.com/2012/09/14/bernanke-advocates-blowing-asset-bubbles-antidote-depression-184361/


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Jackals of Jekyll Island — Federal Reserve Audit

The supreme illicit fraud of central banking embodied in the Federal Reserve, acts as a private piggybank for favored cartel thieves. The liquidity of unlimited credit transfers to banksters, especially at zero interest, financed by unimaginable new Treasury Bonds, indebting the American public; is a crime committed by outlaws. The significance of the evidence for the extent of the crony financial manipulations, that the controllers of international capital use to maintain their power strangle hold on humanity, needs to be fully exposed. Only when the beleaguered and downtrodden become sufficiently indignant to usury incarceration, will heads start to roll. http://www.batr.org/negotium/091212.html


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Cui Bono Fed: Who Benefits from the Federal Reserve?

Any healthy political and financial system would have broken the fraud-based system and dismantled the failed banks en masse in an orderly fashion. One institution stopped this from happening: the Federal Reserve. Instead of allowing a failed system to collapse and establish a new one based on prudent lending, market-set interest rates, competitive banks and transparent regulatory structure, instead we have a failed system that has become even more politically powerful even as its Fed-backed excesses have increased systemic fragility. http://www.zerohedge.com/news/guest-post-cui-bono-fed-who-benefits-federal-reserve


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The Pauperization of America

There is a new phenomenon: a ballooning lower class. It now engulfs 32% of all adults. In America! Where lower class is the unmentionable class, the class that doesn’t exist, just like the upper class doesn’t exist, but for different reasons. http://www.testosteronepit.com/home/2012/9/11/the-pauperization-of-america.html


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LabMan

Time for the U.S.to play it's part in global enslavement.

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Junkie Recovery

As I see it, the West’s economic depression is being directly caused by an excessive total debt burden — just as Japan’s has been for twenty years; the bust occurred on the back of a huge outgrowth of debt and coincided with the beginning of a painful new era of deleveraging. And the central bank response has been to preserve the debt burden, thus perpetuating the problems rather than allowing them to clear in a short burst of deflationary liquidation as was the norm in the 18th and 19th centuries. http://www.zerohedge.com/news/guest-post-junkie-recovery


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