Wednesday, March 10, 2010

Vatican Being Positioned

From the Vatican -
Sex abuse scandals in the Roman Catholic Church are proof that that "the Devil is at work inside the Vatican", according to the Holy See's chief exorcist.

Father Gabriele Amorth, 85, who has been the Vatican's chief exorcist for 25 years and says he has dealt with 70,000 cases of demonic possession, said that the consequences of satanic infiltration included power struggles at the Vatican as well as "cardinals who do not believe in Jesus, and bishops who are linked to the Demon".

He added: "When one speaks of 'the smoke of Satan' [a phrase coined by Pope Paul VI in 1972] in the holy rooms, it is all true – including these latest stories of violence and paedophilia."

The Real Effect


As I stated in 2006 -
Look for continued debate on this particular subject with the emphasis being on 'ending all the killing in the name of religion'.
and
I believe that this has moved past the propaganda phase and has moved into the implementation phase where they will drive the world into a religious world in an attempt to harmonize the religions into peace. Problem, reaction, solution.
This will be extremely important later as I posted in the following locations. (Jerusalem, Israel, the U.N. and globally.) At this point the script that is being set is that the Vatican cannot be trusted and neither can Islam/Judeo values. This all ties in to Iran, Bush, Obama, China, debt, you name it and it's connected. Continue to look for more information which demonizes any religion except a one world religion.

US Census is Getting Personal!

Monday, March 08, 2010

Gerald Celente: UK GDP as bad as Greece: Hedge funds affecting the Euro

States Going Belly Up Part 7

New Hampshire -
The state saw 352 foreclosure deeds in January, a record for that month and the second most ever, just seven behind the 359 of last October, according to statistics compiled by the New Hampshire Housing Finance Authority.
Florida -
...the state faces a gap of $1.1 billion and $3.2 billion between expected revenues and projected spending. The precise figure will be known later in the just-started legislative session, when the Revenue Estimating Conference meets and fiscal forecasters know more about what the state can expect in federal revenues or sources like a Seminole casino compact that is pending before the Legislature.

Cretul said the gap could grow as high as $5 billion when federal stimulus money runs out next year.
North Carolina -
State revenue collections were off by $35 million through the first seven months of the government’s fiscal year as consumers continued to sit on the sidelines, a new General Assembly economic forecast says.

The revenue gap on the state’s $11 billion collection target would have been wider had it not been for a special corporate income collections effort on the part of the Department of Revenue, which brought in $472 million, $272 million more than anticipated. What lies ahead for North Carolina, says the report’s author, General Assembly fiscal researcher Barry Boardman, depends how fast “the sluggish economic recovery” is able to take hold.
'Whew, we squeezed the taxpayers harder and dodged a bullet there.' Now what? Oh right, the nonexistent recovery.

Idaho -
Idaho has missed its tax revenue forecasts by a combined $41 million since December. House leaders confirmed that revenue fell more than $15 million short of February's targets. If revenue through June 30 falls short of forecasts by more than $69 million, it would put Idaho's already-austere spending plan for 2010 into a deficit.

Friday, March 05, 2010

The Colbert Report - Greece’s Economic Downfall

The Colbert ReportMon - Thurs 11:30pm / 10:30c
Greece's Economic Downfall - Scheherazade Rehman
www.colbertnation.com
Colbert Report Full EpisodesPolitical HumorSkate Expectations

Jerusalem - Stumbling Block?

Jerusalem heats up -
Israeli police and Palestinians clashed outside Jerusalem's flashpoint al-Aqsa mosque on Friday and at least 35 people were injured, Israeli police and Palestinian medical workers said.

Palestinian President Mahmoud Abbas accused Israeli forces of "provocation" and "crossing red lines" in an effort to derail a resumption of peace negotiations expected shortly under U.S. mediation. In a statement, Abbas appealed to Washington to hold Israel back to prevent a "war of religion" in the Middle East.

Israel's security minister blamed Abbas's Islamist rivals Hamas for fomenting the trouble. It started after weekly prayers at the third holiest site in Islam, in an area that Jews also revere as the site of their biblical Temple.
The Real Effect
This issue is going to become more important as time goes on. While I made the mistaken assumption in 2006 that publication of an agenda equaled implementation of that agenda, the cycle remains. This area (Jerusalem, specifically the Temple Mount radiating out) is the focal point for what we essentially become the eye of the world. (A difficult concept to explain fully in a limited space.) Look for this area to become the stumbling block for the whole world as the Phoenix event is set into motion. Perhaps I will illustrate the concept more thoroughly in a later post. Until then, look for rhetoric and action to ratchet upwards like runners positioning in a race. Once the gun fires, watch out for the fireworks.

Thursday, March 04, 2010

Depression USA: New York Tent City

H1N1 Percolating In the South?


From Recombinomics -
Some of the nation's emergency departments are noting increases in flu-like illness cases that appear to be pandemic H1N1, and colleges are reporting the first increase in flu-like illness since the end of November, but it's not clear if these are early signs of a third pandemic flu wave.

The above comments provide additional data that a third wave in the United States has begun. Reports on flu at universities has increased 52% over last week, which is supported by anecdotal reports from emergency room physicians. The largest number of new student cases was again in North Carolina.

These developments parallel the start of the fall wave. The initial cases were in region 4 and this area has had the highest percent of samples being H1N1 positive. Similarly, state reports showed recent increases in North Carolina and Alabama, while earlier reports describe more severe cases in hospitals in Tennessee and North Carolina.
And -
In the past three pandemics, a fall wave has been followed by a winter/spring wave. A winter/spring wave would begin about now, but week 7 reports are incomplete and may have entry errors. Although there were only 19 patients listed, virus was not isolated in 8. Of the 11 isolates, sub-typing was not performed on 4. On the remaining seven all were H1N1, but 3 were said to be seasonal H1N1 at a time when seasonal H1N1 has all but disappeared. Thus, it is unclear if almost half the 7 H1N1 sub-typed were actually seasonal H1N1, or were pandemic H1N1 that were mis-reported or entered in the wrong field.

Week 7 is a critical time period. The fall wave has ended and a new wave should be forming, based on the pattern of the last 3 pandemics. However, surveillance has only identified 19 patients, all of whom are likely infected with pandemic H1N1, yet pandemic H1N1 was only confirmed in four.
The number of reported cases is low, but the low number is linked to poor surveillance. Most H1N1 infected patients are either not tested or tested with a rapid test which has a sensitivity which is notoriously low and even lower for H1N1 (the CDC has reported levels as low as 10%). This low sensitivity is due in part to the ability of pandemic H1N1 to quickly move to the lungs. More serious cases would be in ICU’s where collection of appropriate lung fluids would be easier and more likely to yield H1N1 virus. However, more than half of these severe cases have not yielded virus or were not sub-typed.
The Real Effect
This issue needs to be observed still as a new, more deadly outbreak could occur at any time. My opinion? Seeing as how the national health care is stalling, a minimum light flare up of deadly H1N1 would do wonders for pushing this legislation through.

The Video The USA Army Doesn't Want You To See

Wednesday, March 03, 2010

Webster Tarpley: Bankers in slump plot against euro to save dollar

States Going Belly Up Part 6

Louisiana -
An area lawmaker accused state revenue workers Tuesday of failing to do their job of collecting taxes. “We’re just leaving money on the table,” state Rep. Mert Smiley Jr. said during a meeting of the Louisiana House Committee on Appropriations. Smiley, R-St. Amant, pointed to a recent tax amnesty program that generated more than $450 million, partly from people who simply neglected to pay their taxes. Proceeds also came from tax bills that were in dispute.
California again -
More than 15,000 San Francisco city workers across all departments will receive layoff notices Friday, and most of them will have the option of being rehired to work a shorter week, Mayor Gavin Newsom said Tuesday.
And
The Los Angeles Unified School District's board voted Tuesday to send notices of possible layoffs to nearly 5,200 teachers and other workers while urging union leaders to negotiate concessions that could make some of the cuts unnecessary.
Arkansas -
Total tax collections in Arkansas continued to decline in February, with the rate of decline higher than that seen in January.

Year-to-date (July 2009-Feburary 2010) gross revenues totaled $3.467 billion, down 3% from the same period in the 2008-2009 period, and 0.1% below the forecast, according to a memo from the Arkansas Department of Finance & Administration. The year-to-date decline in the July 2009-January 2010 was 2.4%.
New York -
New York Governor David Paterson and the state legislature have agreed to reduce their revenue forecast by $850 million for the next 13 months, a state report said on Tuesday. The Democratic governor in February cut $750 million from his revenue forecast for his proposed $136 billion budget for fiscal 2011, which starts on April 1. "The national economy, and to a greater extent, the New York economy, will experience a weak recovery which will translate into slow receipts growth," said the report on the state economic and revenue consensus estimate.
Uh wrong David. There's no "recovery" going on, just a bunch of deception that you fell for. I would imagine in a few years the statements will be something like "No one saw the double-dip coming" and "We had NO IDEA the Feds were lying to us." Dumb on purpose.

Indiana -
The latest revenue report on Tuesday showed the state took in $85.5 million less in taxes in February than was predicted less than three months ago. That puts the state $869 million below what lawmakers expected when they passed the budget for the fiscal period beginning in July.
Gov. Mitch Daniels did not immediately order any budget cuts, but since it's been 17 months since actual revenues met projections, he said further spending reductions might be necessary if revenues continue to sag.
"We'll just have to keep looking at it. There's not a state in the union that's done as much as we have, and we're not out of tricks yet," Daniels said.
Indeed.

The Federal Gubmint -
The U.S. Postal Service said on Tuesday that it would reduce its workforce by another 30,000 positions and slash overtime this year in an effort to reduce costs.Together these staffing reductions will result in cost savings equivalent to eliminating 50,000 full-time positions, according to Chief Financial Officer Joseph Corbett.
The Real Effect
When everyone abandons any pretense of morality and embraces relativism, is it any wonder when everything goes kaput? No one is responsible for anything and everyone is responsible for nothing. Makes sense, non?

Part of the issue is that everyone is merely trying different flavors of socialism. Where property rights are not absolute and it's just a matter of getting enough cooperation and fixing the formula. But much like Keynesism it's not the taste that causes the havoc, it's the whole damn idea that's wrong.

When you remove any sort of incentive for people to take care of property or themselves, who's going to take care of their property, much less their neighbor's? You want to fix it? Then do the following:
  1. Eliminate the income tax. State and Federal.
  2. Eliminate the property tax. State and otherwise.
  3. Put the leash back on the Federal Government. They're like your local librarian, drunk with power, running around getting into everything. It's not their business nor jurisdiction.
  4. Let it all fail and then rebuild using the capital that remains.
Far more painful(for the politicians) in the short run, far less(for us) in the long run.

Tuesday, March 02, 2010

The Pound Starts to Crack

The London Evening Standard-
The pound tumbled today after gloomy figures on mortgage lending compounded worries about the impact of a potential hung parliament.

Sterling dived more than two cents against the dollar to $1.5021 and also hit a one-and-a-half-month low against the euro of 90.63p. The Bank of England said mortgage lending rose faster than expected in January, up £2 billion, but the number of approvals fell from 58,000 to 48,000.
Not that we're any better -
Controller John Chiang said last month that California may be forced to issue IOUs for the second year in a row because it’s spending more than it collects in revenue. The bill is aimed at preventing cash shortages projected as soon as next month by empowering officials to delay certain payments, including those to schools, universities and local governments, to conserve money for debt service and other key expenses.

The Real Effect
As I posted on Thursday, (despite the invalidity of it being retracted by the press as a hoax)

All the chess pieces are being set in place: the angry robbed world public, the warring nations (Israel,Gaza, Iran, Syria, US, Russia, China, Pakistan, India), the spiritual void, all of this will give way to a great war which will dwarf all wars up until this point. At which point a great Phoenix event will occur which will burn the world into adoring submission.

Ron Paul Leads By Example


Congressman Paul show everybody how we fix this Greatest Depression -
In 2008, his congressional office returned $58,000 to the Treasury. In 2009, his office returned $90,000. Now, according to an official press release, Dr. Ron Paul's congressional office has just paid back $100,000.

At a time when Wall St is running wild, the national debt is $14 trillion, and the federal government is running $1.4 trillion deficits, Dr. Ron Paul's congressional office is running a surplus and paying back the American people. At a time when the federal government is paying record salaries and hiring record numbers as the rest of America suffers punishing unemployment, Dr. Ron Paul is operating his congressional office with a frugality that recognizes the current economic climate and respects the suffering of the American people.

Whether you like him or not, you have to respect the anti-war, fiscally conservative Republican Congressman. Unlike the vast majority of politicians, he doesn't just talk the talk, he walks the walk. If President Obama claims that he is serious about reigning in the runaway debt, perhaps he should install Dr. Ron Paul as the CEO of the bipartisan deficit commission. It appears he's the only one in the federal government with the track record to speak with the highest degree of credibility.

The Real Effect
Remind me again why Ron Paul "doesn't stand a chance" at becoming President? Explain to me how this is "crazy" political ideology which would "ruin" our country. You see that smoking crater you're standing in? That's the U.S. It's time we got serious about fixing this. Or perhaps more accurately, the Federal Government NOT fixing it.

Ron Paul: The US Government's Debt Can Never Be Repaid

Monday, March 01, 2010

Webster Tarpley On Russia Today: Soviet Amerika

Sweden Gets Hit By the Ugly Stick

Sweden gets knocked down a peg -
Sweden's economy unexpectedly slid back into recession in the fourth quarter, figures showed, sending the crown lower and raising questions about how soon interest rates will rise. Gross domestic product contracted 0.6 per cent in the fourth quarter from the third, against forecasts for a 0.3 per cent increase.

The third-quarter GDP figure was revised to show a 0.1 per cent quarterly decline from an original 0.2 per cent gain, the statistics office said. This meant the economy fell back into recession, based on a widely held definition of the term.
The Real Effect
Economists were divided over the implications of the numbers. No kidding? Economists were divided? Or perhaps there were 2 groups of economists with different opinions? Better hope the Icelanders don't default on their bonds.

French Tag Husbands


Ah, the French -
Men seen as likely to be violent towards their wives could be forced to wear an electronic tag under a law being debated by the French parliament.

The tag would have to be worn by men who have received a court order to stay away from their partner.

The proposal is part of a draft law on conjugal violence. It has cross-party support and is expected to pass easily. (Emphasis mine)
I can see the average Frenchman - "As long as it isn't me." But wait, there's more -
Parliament is also considering outlawing psychological violence in the home, because it is seen by many as a precursor to physical violence. It is rare for the left and the right in France to agree on anything, says the BBC's Hugh Schofield, so the near unanimity in parliament behind this law comes as something of a novelty.

The decades old wars on poverty, drugs and terror seem to have done wonders for stopping said societal ills. Oh, that's right, they're worse. But certainly we must DO SOMETHING.

The Real Effect
This is an easy one to predict. Who is going to want to marry, when the simple act of "legally" marrying is to open up a whole new category of criminal offenses against oneself? Especially for all of you who think that individuals don't legally marry because they're "sinful".

Not to mention what of the women that abuse their husbands? Or the wives that lie. Oh, that's right, that never happens.

The fact of the matter is, it's a blatantly sexist (targets men only) and purely subjective. If women can get protection from "abusive" yelling, then men should get protection from "abusive" crying. After all, this psychologically destroys the male psyche after enduring years of abuse via mood swings and the like. This is not good law, not even close.

Raw Footage: February 26 Riot in the streets of Berkeley

Friday, February 26, 2010

Ron Paul - John F. Kennedy - Martin Luther King Versus Tyranny

Glenn Beck & Bill O'Reilly Call For More Taxes On The American People

America, On the Ropes

The U.S. economy is bloodied and going down...AP -
The Consumer Confidence Index figures released Tuesday were much worse than analysts had expected and showed that Americans are morose about the job market and their economic prospects.

The index fell almost 11 points to 46 in February, down from a revised 56.5 in January and the lowest level since a 40.8 reading in April 2009. It erased three consecutive months of improvement, according to the Conference Board, the research group that releases the monthly index.

Analysts were expecting only a slight decrease to 55. Economists watch the confidence numbers closely because consumer spending accounts for about 70 percent of U.S. economic activity.

Outside of the Great Recession, the index hasn't been this low since December 1974.

And AP reports on States revenues -
States again saw sharp declines in tax collections in the last quarter of 2009 -- a record fifth straight quarterly drop, according to a new report that predicts more looming spending cuts or tax increases.

Overall, revenue from state tax collections dropped 4.1 percent for the quarter compared to the same quarter in 2008, the Rockefeller Institute of Government reported Tuesday.

Housing -
First American CoreLogic reported today that more than 11.3 million, or 24 percent, of all residential properties with mortgages, were in negative equity at the end of the fourth quarter of 2009, up from 10.7 million and 23 percent at the end of the third quarter of 2009. An additional 2.3 million mortgages were approaching negative equity at the end of last year, meaning they had less than five percent equity. Together, negative equity and near‐negative equity mortgages accounted for nearly 29 percent of all residential properties with a mortgage nationwide. (Emphasis mine)
Employment? -
The Labor Department said the number of mass layoff actions -- defined as job cuts involving at least 50 people from a single employer -- increased by 35 to 1,761. Mass layoffs had trended lower since August.
Banks? -
The number of "problem" U.S. banks jumped 27 percent during the fourth quarter of 2009 to 702, the highest level since 1993 and a sign the industry's recovery is still shaky, regulators reported on Tuesday.

The Federal Deposit Insurance Corp said the industry overall eked out a profit of $914 million for the quarter, benefiting from a healing economy, but said the improvement was concentrated in the largest banks. (Emphasis mine)


The Real Effect
Let's make this clear, there are primarily only two groups that are profiting here. Those that take the money from the people and those that receive the money from those who take it. When those that take the money start losing ground, as indicated above, lookout.

Thursday, February 25, 2010

Yellow Alert - Pound Crash on the Horizon?

From Infowars.net -
Billionaire financier Jim Rogers has predicted that the British Pound could completely collapse within weeks, sending shockwaves throughout the global economy and heralding the beginning of a downturn that would make the recent economic crisis look tame in comparison.

“Other currencies aren’t strong and the Euro has real problems, with cracks much wider than Greece beginning to show,” Rogers said.

“But it’s the Pound that’s most vulnerable. In real terms, it’s already devalued against virtually every currency barring the Zimbabwean dollar and it’s especially exposed over the weeks running up to the UK election. In a basket of currencies, the Pound is potentially a basket case. And that will put Britain in an extremely bad position for the shakedown.”
“The last few months have seen a ‘false bounce’, shorn up by massive short-term injections of government underwriting,” Rogers, the former business partner of George Soros, said.

“But it can’t last. We’ve been applying temporary sticking plasters, not long-term cures. Later this year we’ll see the start of the real recession, with more Lehman-scale disasters and a fallout which won’t stop until the underlying malaise is genuinely cured.” he added.Rogers’ sentiments echo those of Swiss Bank UBS, which this week speculated that there could be a run on the pound if the government too aggressively tackles Britain’s huge deficit, projected to reach £178bn this year.

Last week, Sterling hit a nine month low against the dollar, falling to $1.05, and slumping beyond parity for the first time against the euro.

An announcement yesterday by Mervyn King, the Governor of the Bank of England, that the bank was ready to print more money and “do whatever seems appropriate”, sent the currency sinking once more.

Sterling fell sharply, from $1.5529 at 9.13am, just before King began speaking, to $1.5398 at 10.30am, when he finished giving evidence to MPs.

The stark downturn has led Jim Rogers and Marc Faber to predict a currency crash foreshadowing a full scale global “shakedown”.
The Real Effect
Back in September of 2008 (before the plunge), I referred to the economy/stock market as a sugar addict. (See prediction timing on chart below. Right before it lost over 40%)
The market is reacting like an addict, convulsing with desire for more goods (I.E. - Fiat debt-based liquidity). This will only make the fall that much harder.
Why? Because 1) It's an accurate description of the relation between the market and those that juice the market and 2) It helps us understand how this whole thing will play out.

Now imagine that you had a friend in the same position. Out all night, hopped up on caffeine/sugar, tired, hasn't slept in 3 days. What do you do? Give him more sugar to keep him going or tell him to sleep it off? Well if you don't follow the latter point, it's only a matter of time before his heart gives out and HE DIES!

Our economy is no different. More debt will only keep the fool alive a little longer but surely amplify the poison's negative consequences. Except our friend, the economy, has been resurrected once already. Now it's time for him to fling himself off the side of 100 story building.

Max Keiser on Inside Story - Greek Debt Crisis




Wednesday, February 24, 2010

A Good Reason to Homeschool

We're In a Greatest Depression


Karl Denninger of the Market Ticker opines on our current economic status -
Yes, I know all about the stock market rally from last March. I know all about the claimed GDP "improvement." But I also know that we got both by adding more than $2 trillion in debt to the United States - or roughly 14% of GDP - over the space of the last 18 months. That's about 10% of GDP annualized, and incidentally, a 10% GDP contraction is the common economist's definition of an Economic Depression.

So let's cut the crap - we are in a Depression right now. We are pretending we are not, just like you can pretend you didn't really lose your job so long as your credit card does not reach its limit. We have been in that depression for about 18 months and there is no evidence that we will exit it, as we have yet to find a way to pull back the deficit spending without an instantaneous collapse in the economy.

You haven't seen the half of what happened though - not yet. It appears that AIG - the company we have bailed out (thus far) to the tune of some $100 billion plus, in fact isn't done. It appears they may have written credit protection on Greece. If this allegation by the German equivalent to The New York Times is true Americans are going to be asked to pay billions of dollars - or more likely, hundreds of billions (since Greece is almost certainly not the only place - try Spain, Portugal, Ireland, etc) to bail out a bunch of FOREIGN NATIONS.

If you do not believe it is going to get much worse than it is now, economically and otherwise, you once again need to go have that Thorazine dosage adjusted.

Keiser Report №19: Markets! Finance! Scandal!

Tuesday, February 23, 2010

Ron Paul on Morning Joe-Winner of CPAC Straw Poll

States Going Belly Up Part 5

Maine -
The Montreal, Maine & Atlantic Railway has filed notice with the federal government that it intends to abandon 233 miles of track that stretch across the northern third of the state, from Millinocket to Madawaska.

Railroad President Bob Grindrod says freight revenue has plunged as shipments of lumber, logs and wood chips have fallen. The products are largely used in home construction.
North Carolina -
Top lawmakers say North Carolina will come up $500million short of its $19billion budget by the end of June."It would not surprise me if it hit $600[million] or $700million," said Sen. David Hoyle, a Gaston County Democrat and co-chairman of the Senate Finance Committee. "But $500million seems like a given."Revenue at the end of January was $35million behind estimates. The state would be in a $300million hole if not for a special Revenue Department program that settled dozens of business tax disputes, bringing in a flood of money. But income and sales tax collections continue to trail what the legislature's fiscal staff projected.
Michigan -
Michigan has at least $51.5 billion in unfunded liabilities for state pensions and retiree benefits which could require a tax increase or cuts to services if not corrected, according to a new Pew Center on the States report.

The shortfalls represent what the state was obligated to pay current and retired state employees as of the 2008 fiscal year.Nationwide, there is a $1 trillion shortfall in the public sector's retirement benefits, according to the report that was released Thursday.The report states Michigan has an $11.5 billion shortfall in unfunded pension fund liability, and a $40 billion shortfall in health-care and other retiree benefit contributions.
Illinois -
To become solvent, the state must enact the largest tax-increase package in Illinois history, whack another $2 billion from already starved government programs and wrest major financial concessions from the state's unionized work force, a nonpartisan government watchdog contends.

In a new analysis of Illinois' "horrific" finances, the Civic Federation lays out the painful choices awaiting Gov. Quinn and the Legislature as they stare down an epic $12.8 billion budget deficit that has choked the flow of state cash to public universities and schools, transit systems and social-service agencies to the point of economic collapse.

"Doomsday is here for the State of Illinois," said Laurence Msall, the organization's president.

The Civic Federation recommends that the state income tax be increased from 3 percent to 5 percent for individuals, that retirees' pension and Social Security checks be taxed for the first time at the same rate as workers' paychecks, and the tax on cigarettes be raised by another $1 per pack. The group also favors getting rid of $181 million in corporate tax breaks.
The Real Effect
So far we've covered Ohio, New York, Illinois, Nevada, California, New Jersey, Hawaii, Georgia, Kansas, Oklahoma, Rhode Island, Washington and Texas, and adding the ones in from today brings us to (+3) sixteen states out of 50 (32%) that I've covered. Who's willing to bet that it's just as bad in the other 34 states?

Here is one of the most succinct versions of the last two years that I have read yet -
In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this, governments around the world implemented massive “stimulus” and “bailout” packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world. Then an uproar of stock market speculation followed, as money was pumped into the stocks, but not the real economy. This recovery has been nothing but a complete and utter illusion, and within the next two years, the illusion will likely come to a complete collapse.

Citigroup Says Feds Ordered 7 Day Restriction On Bank Withdrawals

From Prison Planet -
A new advisory being sent by America’s third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.

Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.

“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.”

According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.

However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.

The Real Effect
This is not a good development. This combined with the information that 10.5% of all houses are either delinquent or in foreclosure, lack of employment and other various factors things are far from better, they're setting up for the big plunge down.

Ron Paul: Suspend The Income Tax For 3-4 Years



Ron Paul is the legitimate heir to the conservative support base. He should be setting the Federal Policy, not the Sarah Palin hack.

Monday, February 22, 2010

Brown to Vote for Senate Jobs Bill - Told You So


I stated in January -
Now in 2010 we have individuals that are at best, moderates, clothing themselves in liberty dress in an attempt to garner votes. And we think this is going to change anything? Hardly.
The new Tea Party, 9/12, Turner, Hannity, Limbaugh, Petraeus, Palin, Beck, O'Reilly and Brown; these individuals are all Benedict Arnolds to the cause of liberty and will sell you down the river if the right situation arises.
The following comes from the Wall St. Journal -
Freshman Republican Sen. Scott Brown (R., Mass.) is to vote with the Democratic majority and support a crucial procedural motion on a $15 billion piece of legislation aimed at spurring job creation, an aide to the senator said Monday. The move by Mr. Brown to break with most of his party's members in his first ever vote in the Senate is a significant development.

The Real Effect
Oh, they called it a jobs bill. Isn't that cute. Is it like the Patriot Act? Oh, it must be good. It's entertaining to see the "conservatives" fall for the same political move; hook, line and sinker. Feel dumb yet?


Hope and change, hope and change!!! We did it, yeah Obama Brown! It's all going to get better!

Hey, you up front! Sit down and SHUT UP!

Gerald Celente on Engineer

Chossudovsky: US will start WW3 by attacking Iran

Thursday, February 18, 2010

States Going Belly Up Part 4

Georgia -
With the Georgia House of Representatives passing a revised 2009-2010 budget and the Senate now working up its own amended version of the current budget, local lawmakers say the financial health of the state is a major concern, and next year’s budget will likely require an additional $1.5 billion in cuts.

Last Thursday, the Georgia House passed an amended version of the 2010 budget to account for decreases in revenue since the budget was finalized last spring, with cuts this time around coming at $1.15 billion. Members voted 122-44 in favor of the new version of the budget, which included a mandate that teachers and other state employees take three furlough days by June 30 in addition to the furlough days already taken.

On his Web site, Rep. Dubose Porter, D-Dublin, who is the Democratic leader in the House, condemned the House’s budget, saying it hurts the state’s already underachieving public education system. He predicted it would result in increased property taxes.
Yes because cutting spending usually means taxes go up. What kind of dystopian nightmare do we live in? I understand that the cuts might mean a "tweak" to the "formulas" that might result in more cash coming from the property tax bucket, but what the Rep. have the good citizens of Georgia do? Nothing!? Let's just keep spending until we all die?!

Illinois -
A highly unusual closed-door meeting of the state Senate lasted about an hour and a half today, and participants said many of the chamber's 59 Democrats and Republicans attended to hear a presentation on budgeting and the economy from national experts.

Lawmakers barred reporters from the meeting, saying it was a joint gathering of the Democratic and Republican caucuses that was not required to be public under the state Constitution or open meetings law.
and Illinois, Kansas, Oklahoma and Rhode Island -
Illinois ranks 50th among the states in setting aside the tens of billions of dollars needed to pay its employee pensions.
The report by the Pew Center on the States, a Washington research group, concludes that Illinois has set aside barely half -- 54%, to be exact -- of the amount it will need to pay benefits in its five worker pension funds, leaving an unfunded liability of $54.4 billion.

That 54% easily is the worst of any state in the union. Only Kansas, at 59%, and Oklahoma and Rhode Island, at 61% each, come anywhere close.
Washington -
The state's economic picture is stabilizing but still precarious, and employment levels likely won't rebound until the second half of 2010, economist Arun Raha said Friday.

Raha told the Economic and Revenue Forecast Council that the state's deficit now sits at about $2.8 billion, with a recent $100 million uptick in demand for state services and a $154 million hit from a court case.
Without the court case, which cost the state revenue from certain out-of-state companies operating in Washington, the state would have seen positive revenue growth -- about $32 million -- for the first time in two years.

"The Great Recession may be over, but it has wrought havoc in our economy which will take time to heal," Raha said.
Wooo...we really dodged a bullet there. It's a great thing that the STATE'S revenue is up. No one has a job, but at least bourgeoisie are intact!

Even Texas is going after old parking tickets. But just how do these statists feel about these sort of things?

Albany Police Officers Union President Chris Mesley says that, regardless of the faltering economy, a no-raise new contract is unacceptable.

And to hell with the public.

“I’m not running a popularity contest here,” Mesley said. “If I’m the bad guy to the average citizen . . . and their taxes have go up to cover my raise, I’m very sorry about that, but I have to look out for myself and my membership.“

And police wonder why they are becoming targets much less not respected in their communities? Little word of warning police, when they take your lawfully protected pensions and you see fit to caterwaul about it, you won't be getting any sympathy from John Q. Public seeing as how you were complicit in this whole mess. I myself got endure such antics at the hands of blustery mob of angry public school nazis.

EXCLUSIVE - Joseph Andrew Stack - American Patriot Terrorist?


Well, there's an alleged terrorist and he's got a manifesto. Joy. Here's some excerpts of what is sure to be huge news -
Exactly what is therapeutic about that I’m not sure, but desperate times call for desperate measures.

Sadly, starting at early ages we in this country have been brainwashed to believe that, in return for our dedication and service, our government stands for justice for all. We are further brainwashed to believe that there is freedom in this place, and that we should be ready to lay our lives down for the noble principals represented by its founding fathers. Remember? One of these was “no taxation without representation”.

How can any rational individual explain that white elephant conundrum in the middle of our tax system and, indeed, our entire legal system? Here we have a system that is, by far, too complicated for the brightest of the master scholars to understand. Yet, it mercilessly “holds accountable” its victims, claiming that they’re responsible for fully complying with laws not even the experts understand. The law “requires” a signature on the bottom of a tax filing; yet no one can say truthfully that they understand what they are signing; if that’s not “duress” than what is. If this is not the measure of a totalitarian regime, nothing is.

Before even having to make a shaky recovery from the sting of the first lesson on what justice really means in this country (around 1984 after making my way through engineering school and still another five years of “paying my dues”)

I saw it written once that the definition of insanity is repeating the same process over and over and expecting the outcome to suddenly be different. I am finally ready to stop this insanity. Well, Mr. Big Brother IRS man, let’s try something different; take my pound of flesh and sleep well.
The Real Effect
Wow...this stinks to high heaven.


EXCLUSIVE - Austin IRS Targeted? False Flag to Indict "Patriots"?

I stated this at the end of January -
The banksters need to cover their tracks, they need a distraction. I wouldn't be surprised to see a building with all sorts of documentation get targeted.
Breaking from Austin, TX -
A plane crashed into a Northwest Austin building that houses federal offices about 9:30 this morning, sending plumes of smoke into the air that could be seen for miles.

Paramedics have set up a triage center at the scene, though it is unclear how many people are injured. EMS officials said one person was unaccounted for.

Mathilda Sanchez, a spokeswoman for the Seton Family of Hospitals, said University Medical Center Brackenridge received two patients, and that no other hospitals had received any.

The Internal Revenue Service has offices in the building, including its civil enforcement and criminal investigations divisions, said Special Agent Michael Lemoine, a spokesman for the criminal investigations division.

He said that some IRS offices are on the first floor, which Lemoine said was hit by the plane.

According to an FBI agent who asked not to be identified because he isn’t authorized to release information, the incident is being investigated as an accident, although eyewitnesses said the plane seemed to come in at full throttle. He said the plane was out of Waco and that Federal Aviation Administration officials are en route to the scene.

The agent said it was believed the plane had come from Waco, and that witnesses said it had hit the building at full-throttle.
The Real Effect
Something is very fishy about this. Could it be that Austin, TX is about to have a gubernatorial election and this will help the incumbent Rick "Bilderberg" Perry get Debra Medina off his back? Further on in the article it talks about the plane being "very controlled" and a "big boom". We'll definitely keep our eyes open on this one.

Contagion Spreads to Spain?

From Business Week -
Even as the 27 finance minsters of the European Union gathered in Brussels yesterday and ordered Greece, again, to impose yet more hardship on its people in order to slash the national deficit, some may have been eyeing their colleagues around the Brussels meeting room warily.

For all are concerned about which nation might next suffer from the dreaded "contagion." The fear is that the next member of the so-called "PIIGS" — Portugal, Ireland, Italy, Greece and Spain — to suffer a crisis of confidence will be Spain.

Spain's banks are strong and acquisitive, stronger than most other countries' institutions. But Spain's annual budget deficit, like the UK's and Greece's, has spiralled well into double figures – at almost 12 per cent of GDP it rivals Greece's Olympian disregard for the old Maastricht treaty rules of prudence.

And the markets are worried. Not, admittedly as fretful as they are about Greece, but the market price of insuring Spanish government debt has jumped in recent weeks (the mysterious-sounding credit default swaps), and now stands at €139,000 per €10m of debt – four times the cost of insuring an equivalent German bond.

The EU's Competition Commissioner Joaquin Almunia – a Spaniard – has suggested that Spain's economic problems look increasingly like those of Greece and Portugal. But in a worst case scenario, Greece is affordable – about 2.5 per cent of European GDP.

Spain, conversely, accounts for about 16 per cent of EU GDP, and is a much more expensive proposition for restoration work. Indeed, there are some grounds for supposing that, even if Berlin wanted to, it might be unable to afford to take on Spain's fiscal challenges.
The Real Effect
As I stated at the beginning and the end of January -
I do know that Greece's woes are going to blow out into the eurozone specifically Spain, Portugal, Italy and Ireland as they are all big holders of Greek bonds. This in turn will cause their economies to suffer as the fallout becomes contagious.
It would appear that Greece is the fuse and Spain is the explosives.

Wednesday, February 17, 2010

Greece and the EU, A Foreshadowing of Things to Come

From Ambrose Evans-Pritchard -
The council of EU finance ministers said Athens must comply with austerity demands by March 16 or lose control over its own tax and spend policies altogether. It if fails to do so, the EU will itself impose cuts under the draconian Article 126.9 of the Lisbon Treaty in what would amount to economic suzerainty.
While the symbolic move to suspend Greece of its voting rights at one meeting makes no practical difference, it marks a constitutional watershed and represents a crushing loss of sovereignty.
Consider the following EU tyranny -
The international meddlers are going after the Greek Underground Economy, aggressively. They are using the current government debt crisis to gain as much control over the GUE as thay can

Effective January 1, 2011 every transaction above 1,500 euros will be considered illegal if it is done in cash. Transactions will have to be done through debit or credit cards.
But wait, Greece has a card up it's sleeve -

Greece's 2001 deal to swap some of its debt using currency derivatives was in line with what other euro-zone countries were doing, Yiannos Papantoniou, the country's finance and economy minister when the deal was made, told CNBC.com Wednesday.
"We took a loan that was to be repaid in 2019," he said in a telephone interview. "It was public. I know that what we've done then was consistent with what was done by many euro zone countries."
Italy, France and Spain were among the euro zone members doing such swaps at the time, he added. Eurostat, the European Union's statistics office, has asked Greece for explanations on these debt swaps by Feb. 19.
Oooo...is it getting thick in here?

The Real Effect
All Americans would do well to consider the implications of these items in light of our current ongoing currency/economic collapse. Once the Union hooks are in, you can't get out and those politicians are going to make sure that they get their pound of flesh.

The EU will make it through this in one form or another (It might cease to be called the EU but it will still be the EU.) However, the globalists will see to it that America and vestige of independent thinking burns.

A wise man once said -
The long and short is they are bleeding the real assets out of the United States and passing them into foreign control. Make no mistake, they will bleed this country dry. Savings, checkings, 401K, gold, assets, they want it all and will not stop until they get it.

US Debt - Don't Rock the Boat!


The Federal Reserve fractures -

The US must fix its growing debt problems or risk a new financial crisis, Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Tuesday, adding a mounting deficit could spur inflation.
Mr Hoenig said that rising debt was infringing on the central bank’s ability to fulfil its goals of maintaining price stability and long-term economic growth. “Stunning” deficit projections were putting political pressure on the Fed to keep interest rates low, infringing on its independence at the risk of inflation, he said.

If the Fed succumbed to pressure to increase the money supply, Mr Hoenig said, inflation would lead to a loss of confidence in the dollar and in the economy. Meanwhile, a potential stalemate between the fiscal and monetary authorities that govern the economy could allow growing imbalances to go unchecked, thus raising the costs of borrowing and of capital for the US.
Too late, the fat lady is singing an entire opera solo. AFP -
China's holding of US Treasury bonds has tumbled, according to US Treasury data released Tuesday, after Beijing expressed concern over the swelling US deficit and amid new US-China tensions.

The drop in China's bond holdings by 34.2 billion dollars or 4.3 percent to 755.4 billion dollars in December also fueled the biggest drop in foreign purchase of short-term US bonds, said the Treasury's latest international capital data report and based on comparative figures.

China's US bond holding decline was also its biggest drop since August 2000 and allowed Japan to regain its position as top holder of American government debt after a 15-month hiatus.

Japan's holding meanwhile increased to 768.8 billion dollars in December from 757.3 billion dollars the previous month, Treasury data showed.

Ron Paul on Freedom Watch: This "Tea" Tastes Funny




Posted as a follow up to the Sarah Palin coverage earlier.

Tuesday, February 16, 2010

Cop turns off camera & beats up female

Attention, Mundanes: “You Don’t Ever Touch a Cop”

From LewRockwell -

James Rourke was living out a parent’s worst nightmare when two Pennsylvania State Troopers arrived and promptly made matters much worse.

A little after 6:00 p.m. on January 28, Rourke, a 59-year-old man widely respected among residents of Doylesburg for his generosity and service to others, learned of a car crash involving his 19-year-old son Freddy.

James and his wife Betty rushed to the scene on Path Valley Road, where the car — which was driven by a family friend — had collided with a utility pole. Freddy and his friend, Chad O’Donel, were trapped inside, and live power lines snaked across the wreckage.

At the request of emergency personnel, Mr. Rourke — who had been sitting in a van across the street — walked to an emergency vehicle in the middle of the road to provide a brief medical history on his son. He was accompanied by his daughter, Betty Barrick.

As the medical discussion took place, a police vehicle pulled up and decanted two truculent troopers — Elmer Hertzog and James Erne — who were apparently looking to drum up business for themselves.

Eyewitnesses described Hertzog and Erne as “rude and disrespectful, using profanity in addressing Rourke and calling him a vulgar name” as they ordered him away from the emergency vehicle. The verbal abuse took place before Rourke and his daughter had a chance to leave — as did the ensuing assault by Hertzog.

By his own admission, Hertzog was the first to lay hands on Rourke, grabbing him by the front of his coat and pushing him backwards. This was an act of criminal battery. Rourke, a 59-year-old man with a heart condition, grabbed Hertzog’s jacket in what his daughter described as an effort to keep from falling backward to the pavement.

A local newspaper account twice uses the expression “deliberate attack on the trooper” to describe one possible description of Rourke’s action. Both he and his daughter deny that Rourke did anything more than act out of an understandable defensive reflex. However, given that Hertzog had committed an act of criminal violence against him, Rourke was entirely within his rights to counter-attack, if necessary and possible, irrespective of the official costume worn by his tax-devouring assailant.

Trooper Erne, Hertzog’s cohort in official crime, didn’t exactly “have his partner’s back.” Instead, in a fashion familiar to students of bullying tactics Erne ganged up on the victim by attacking him from the back, striking him in the small of the back with a knee and then piling on when Hertzog took Rourke to the ground.

Rourke’s daughter, frantic for her father’s safety, demanded that his assailants leave him alone, only to be given an abrupt reminder of how members of the state’s coercive caste perceive the rest of us: “You don’t ever touch a cop,” one of them snarled at her.

“I told them they didn’t need to do this, but it was as if they had to show their authority,” she later remarked.

Eventually the uniformed bullies allowed the victim to stand. But as eyewitness Timothy McMillen recalls, the harassment “didn’t just stop at the scene after they took him to the ground, but continued at Chambersburg Hospital,” where Freddie was flown for treatment.

By that time, a horde of donut-grazers had gathered to show solidarity with Hertzog and Erne. “There were four carloads of cops there when we got there,” continues McMillen. The stalwart defenders of public order apparently had no better use of their time than to intimidate and persecute a father whose son was in critical condition.

One of them, apparently stranded in perpetual adolescence, was playing the familiar bully’s game of bumping into Rourke in an attempt to antagonize him, and then lying by claiming that Rourke had bumped into him. While this was happening, doctors were telling Rourke that his comatose son might not survive.

An EMT, giving adult guidance to the overgrown playground tormentor and his playmates, told the police to let the Rourke family leave and to let the doctors get on with the task of saving Freddy’s life.

Freddy was still in a coma when Rourke was informed that he was being charged with aggravated assault, simple assault, and “failure of disorderly persons to disperse upon official order” — for the supposed crime of refusing to allow himself to be thrown to the ground for no reason by an officious prig in a government-issued costume.

Freddy, an honor roll student planning to major in (of all things) criminal justice, will require extensive hospitalization and rehabilitative therapy. When he returns to his home, notes local crime reporter Vicky Taylor, Freddy “will probably find major changes, not only in his life, but also in his parents’ lives. The aggravated assault charge James Rourke faces carries a state prison sentence of as long as 10 years.”

The only role played by the police in this tragedy was to insert themselves where they didn’t belong, assert “authority” they didn’t possess, assault a man who had done nothing wrong, and charge their victim with crimes he didn’t commit.

All of this offers a compelling case for the proposition that we would be much better off without the state’s armed enforcers. And it’s difficult to think of two bullies more richly deserving of getting their backs dirty than Troopers Elmer Hertzog and James Erne of the Pennsylvania State Police.

Cops Plant Drugs On Suspect & Lets Dog Attack

Person Tased for Getting Out License too Slowly


Find more videos like this on 12160.org

Monday, February 15, 2010

Marc Faber - Total Financial Collapse will Come

Debt, Debt as Far as the Eye Can See

New York Times on Greece -
Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.
As worries over Greece rattle world markets, records and interviews show that with Wall Street’s help, the nation engaged in a decade-long effort to skirt European debt limits. One deal created by Goldman Sachs helped obscure billions in debt from the budget overseers in Brussels.
In Dubai -
The cost of insuring Dubai's sovereign debt against default rose to its highest level since November as concerns resurfaced over the emirate's large debt.

According to CMA DataVision, Dubai's five-year credit-default-swap spread—a measure of credit risk—rose close to 0.5 percentage point to trade up at 6.32 percentage points in late trading Friday. These elevated levels indicated that Dubai is considered one of the riskiest sovereigns in the world behind only Argentina, Venezuela, Ukraine and Pakistan.

From the Washington Independent -
Amid fears that Switzerland might come to an agreement with the United States on banking privacy and tax evasion disclosures, Credit Suisse issued a report identifying those countries it determined to have the highest risks of default on their sovereign debts. Number 16 on the list was the United States, based primarily on its 2009 budget deficits and government debt.

Countries ranked less likely to default include corruptocracy Kazakhstan, less-than-reform-minded Indonesia, the debt-ridden Philippines and violence-ridden Colombia. By comparison, U.S. Treasuries prices are up today despite a new issuance this week.
In the States -
States are looking to the federal government for more help balancing their budgets, but the Senate is not heeding their call.

Federal aid to the states was among the top priorities in an early Senate job creation bill, as well as in a $154 billion measure passed by the House in December. But it has fallen off the list as Senate Democrats look to craft legislation that will attract bipartisan support.
The Real Effect
The debt deleveraging has just begun and has a long way to go before it's run its course. Look for continued crisis as sovereign defaults become a more and more plausible scenario. This, of course, will give way to calls for a Shiny New Global Tax/Currency/Bank System which will be purported to solve all humanities woes. But first, we crash...

Reality of a Shrinking Dollar

Friday, February 12, 2010

Webster Tarpley-The 2nd Leg of The Banking Collapse

Foreclosures Surge Ocurring

Foreclosures go crazy:

Atlanta -
Foreclosure notices in metro Atlanta jumped 27 percent in February, compared with January. They were up 34 percent when compared to a year ago, according to data just released from Equity Depot.
Phoenix -
According to the latest report from the W. P. Carey School of Business at Arizona State University, almost half of the existing home transactions were foreclosures.

For now, foreclosures and the re-sales of foreclosed on properties combine to total 67 percent of the activity in the Valley housing market. That's down from December's 4,060 foreclosures, indicating some positive momentum.
Dallas/Ft. Worth -
Foreclosure filings on homes in the first quarter of 2010 jumped 22 percent when compared with the same period last year, a new report from Foreclosure Listing Service Inc. said Thursday.
New York -
The number of New Yorkers at risk last month of losing their homes surged 35% compared with January 2009, according to stats set to be released Thursday by foreclosure listing firm RealtyTrac.
And in the U.S. -
The number of U.S. households facing foreclosure in January increased 15 percent from the same month last year, and a surge in cash-strapped homeowners who've fallen behind on mortgages could be on the way.
More than 315,000 households received a foreclosure-related notice in January, RealtyTrac Inc. reported. That is down nearly 10 percent from 349,000 in December, which saw the third highest total since the company began tracking foreclosure data in 2005.

And -
In 2009 all 50 states revealed the sharpest revenue drop in 46 years, according to a state finances report by the Nelson A. Rockefeller Institute of Government in New York.
But we can always turn to the U.S. government who will bail us out, right? Wrong! The latest auction fails -
Rick Santelli gave the auction an "F" and I agree - there's simply no possible way to read this as anything positive at all, and that the equity market is ignoring it (other than a quick, small spike downward on the release) likely has more to do with how tightly equities have become coupled to the dollar in the last couple of weeks than anything else.
But who could have seen this coming? Oh yeah that's right -
The long and short is they are bleeding the real assets out of the United States and passing them into foreign control. Make no mistake, they will bleed this country dry. Savings, checkings, 401K, gold, assets, they want it all and will not stop until they get it.
That's right, I said that in September of.....2008! Before the crisis hit. What else did I say?
Get food, get water, get a gun and get ready to defend yourself.
Why? Maybe this will shed some light on the situation -
MILLIONS of people could lose almost every penny of their assets under a new “death tax” being considered by Labour to fund care for the elderly. And poorer people would lose out the most, leaving their children with next to nothing to inherit, analysis showed yesterday. In some cases the new levy could be as high as 100 per cent.

Oh, they want everything...