Chairman Obama's 2-million person Truth Team

article from: RT.com

Desperate to win re-election, President Obama is taking inspiration from a tactic used by China’s Chairman Mao during so-called "Cultural Revolution."

In order to spread his ideology, he creates his own army of brainwashed propagandists who are supposed to popularize talking points sent to them directly from the White House.

Modern days hongweibings (Chinese for red guards) are called the Truth Team, and if everything goes as planned, the president will have an army of over two million Americans on his side.

What If The Government Takes Over Wikipedia?

article by: Gongalo Lira

As most people know, Wikipedia will go offline on Wednesday—in protest over the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA). The Financial Times has a brief but fairly comprehensive overview of what’s going on here.

Are We Seeing The Build Up To World War III?

article by Craig Hasten

I hope the American people are paying close attention to the what is going on around the globe recently. After 21 years of war in the Middle East it looks like The United States is setting the stage for the next conflict. It was announced yesterday that the CVN 70 Carl Vinson battle group entered the Arabian Sea off the Straits of Hormuz joining the CVN 74 John Stennis battle group which has been in the area for the past two months.

Now riddle me this!

Penn State; My Final Loss Of Faith

By Thomas L. Day

I’m 31, an Iraq war veteran, a Penn State graduate, a Catholic, a native of State College, acquaintance of Jerry Sandusky’s, and a product of his Second Mile foundation.

And I have fully lost faith in the leadership of my parents’ generation.

Penn State football coach Joe Paterno arrives home Wednesday, Nov. 9, 2011, in State College, Pa. (Matt Rourke - AP)
(Read Day’s follow up to this post in his chat Monday with readers here. )

I was never harmed by Sandusky, but I could have been. When I was 15, my mother, then looking for a little direction for her teenage son, introduced me to the Second Mile’s Friend Fitness program. It was a program resembling Big Brother, Big Sister with a weekly exercise regimen.

Epic Failure: The Supercommittee Was A Super Joke

article from: The Economic Collapse



Does anyone need any additional evidence that our political system is completely broken?  The bipartisan congressional supercommittee that was given two months to come up with at least $1.2 trillion in deficit cuts over the next decade has failed to reach an agreement.  It is an epic failure and a national embarrassment.  The truth is that they never even came close to an agreement.  In fact, as you will read below, the two sides on the panel have been barely even talking to each other.  In the end, the supercommittee was a super joke.  Meanwhile, the U.S. national debt has passed the 15 trillion dollar mark and we are facing trillion dollar deficits as far as the eye can see.  We are heading directly for a national financial disaster, and our "leaders" seem powerless to do anything about it.

Horrible Bosses, Pitchforks & Torches

D. Sherman Okst
Zero Hedge
November 22, 2011

If you haven’t seen the movie “Horrible Bosses” I’d recommend that you do. Please see it. Go enjoy yourself. As bad as things are getting it is incredible to realize that we can still laugh.

And trust me, you’ll laugh hard at this movie.

When I left the theater with my wife, I realized why it was that movie theaters did well in the last Great Depression. For an hour and forty minutes we escaped all the negativity that has crept into this world. It had a long lasting effect. For at least a week I was in a good mood.

Obama Goes All Out For Dirty Banker Deal

by Matt Taibbi / Rolling Stone

A power play is underway in the foreclosure arena, according to the New York Times.

On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the practice of chopping up assets like mortgages and converting them into saleable securities – that led up to the financial crisis of 2007-2008.

On the other side is the Obama administration, the banks, and all the other state attorneys general.

This second camp has cooked up a deal that would allow the banks to walk away with just a seriously discounted fine from a generation of fraud that led to millions of people losing their homes.

The idea behind this federally-guided “settlement” is to concentrate and centralize all the legal exposure accrued by this generation of grotesque banker corruption in one place, put one single price tag on it that everyone can live with, and then stuff the details into a titanium canister before shooting it into deep space.

Bank of America's Back-Door TARP!

Taxpayer-owned Fannie Mae just bought the servicing rights to a bunch of bad loans from the struggling Bank of America. Where does it end?

By Abigail Field

FORTUNE -- Taxpayers may not realize it, but they just bailed out Bank of America again, this time to the tune of more than a half billion dollars.

The Charlotte, NC-based bank was one of the biggest recipients of bailout funds during the financial crisis. But Bank of America (BAC) continues to face deep problems related to its troubled mortgage portfolio and investors have battered the stock, which has plunged over 40% so far this year. That's escalated concerns that the bank may need to raise more capital. Yves Smith at Naked Capitalism has even started a BofA death watch.

Video: MSNBC’s Dylan Ratigan has a meltdown over the meltdown

Finally, someone at MSNBC has the balls to say on air what the root of the problems is in this country. Money and politics!

MSNBC's Dylan Ratigan is mad as hell about the U.S. financial crisis--and he's not gonna take it anymore!
While convening a roundtable discussion on the market meltdown on his eponymous MSNBC show on Tuesday, Ratigan exploded.

"We've got a real problem!" an exasperated Ratigan shouted. "This is a mathematical fact! Tens of trillions of dollars are being extracted from the United States of America. Democrats aren't doing it, Republicans aren't doing it. An entire integrated system, financial system, trading system, taxing system, that was created by both parties over a period of two decades is at work on our entire country right now. And we're sitting here arguing about whether we should do the $4 trillion plan that kicks the can down the road for the president for 2017, or burn the place to the ground, both of which are reckless, irresponsible, and stupid."

Lets Take A Moment To Dissect Bernake's Latest Zero Interest Rate Policy

by: Bruce Krasting / ZeroHedge.com

I had this to say last week:

The Fed could easily attempt to buy some market peace by issuing a statement that the policy of zero interest rates would be extended for a minimum period of one year. I consider this to be a “high probability" to happen in the next 30 days.

I got it right, but I got it completely wrong. I feared that the Fed could extend the ZIRP language for as long as a year. Not in my wildest dream did I think they could take the extremely risky move of guaranteeing that interest rates will remain at zero for another 24 months.

Having been shocked, my thoughts.

I'm 63 and I'm Tired

By Robert A. Hall


I'm 63. Except for one semester in college when jobs were scarce and a six-month period when I was between jobs, but job-hunting every day, I've worked, hard, since I was 18. Despite some health challenges, I still put in 50-hour weeks, and haven't called in sick in seven or eight years. I make a good salary, but I didn't inherit my job or my income, and I worked to get where I am. Given the economy, there's no retirement in sight, and I'm tired.

Very tired.

A 634 Point Stock Market Crash And 8 More Reasons Why You Should Be Deeply Concerned That The U.S. Government Has Lost Its AAA Credit Rating

article from: theeconomiccollapseblog.com


Are you ready for part two of the global financial collapse?  Many now fear that we may be on the verge of a repeat of 2008 after the events of the last several days.  On Friday, Standard & Poor's stripped the U.S. government of its AAA credit rating for the first time in history.  World financial markets had been anticipating a potential downgrade, but that still didn't stop panic from ensuing as this week began.  On Monday, the Dow Jones Industrial Average dropped 634.76 points, which represented a 5.5 percent plunge.  It was the largest one day point decline and the largest one day percentage decline since December 1, 2008.  Overall, stocks have fallen by about 15 percent over the past two weeks.  When Standard & Poor's downgraded long-term U.S. government debt from AAA to AA+, it was just one more indication that faith in the U.S. financial system is faltering.  Previously, U.S. government debt had a AAA rating from S&P continuously since 1941, but now that streak is over.   Nobody is quite sure what comes next.  We truly are in unprecedented territory.  But one thing is for sure - there is a lot of fear in the air right now.

Black Monday? - Economic Collapse A Mathematical Certainty, The Top 5 Places Where Not To Be When It Happens!

The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.

No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.

This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide.

America "Makes The Cut" - So What Happens Next?

article by: Brandon Smith/alt-market.com

Around the world, starting Monday, all eyes are on the markets. The tension is palpable. The uncertainty is ample. And anger is heavy in the air. As predicted, the debt ceiling deal was not only NOT enough to assuage economic fears, it actually exacerbated them, triggering a flight from the Dow, and creating a decisive opportunity for ratings agency S&P to cut the once perfect U.S. credit rating from AAA to AA+.

At Alt-Market, we often talk about points of balance, and how certain moments in history become highly visible indicators of balance lost. If we pay close attention, and know what we are looking for, these moments can be recognized, allowing us time to shield ourselves from the explosion and the resulting financial shrapnel. The past two weeks have culminated into one of these defining events that tell us the tide has fully turned, and something new and dangerous is just over the horizon. The question now is; what should we expect?  

NIA Report: S&P Downgrades US Debt Rating

 

S&P just announced late this evening that they have downgraded the U.S. debt rating from AAA to AA+ with a negative outlook.

 

NIA is absolutely shocked by this. What shocks us is just how long it took them to make this downgrade. Just like how S&P and Moody's didn't downgrade subprime CDOs until the mortgage-backed bonds they held were practically worthless, S&P waited for U.S. debt obligations to reach five times GDP and for the U.S. dollar to lose 84% of its purchasing power over the course of a single decade. The U.S. was a hair away from defaulting on its debt this week if the debt ceiling wasn't raised, yet it still had a AAA rating.

57 Senators Sign Letter To Protect Second Amendment Rights From UN

WASHINGTON  – U.S. Senator Orrin Hatch (R-Utah) joined his colleague Senator Jerry Moran (R-KS) and 43 other Senators in expressing grave concern about the dangers posed to Second Amendment rights by the United Nations’ Arms Trade Treaty. In a letter to President Obama and Secretary of State Hilary Clinton, the 45 senators said they would oppose ratification of an Arms Trade Treaty that in any way restricts the rights of law-abiding American gun owners. This is enough to block the treaty from Senate passage, as treaties submitted to the U.S. Senate require approval of two-thirds of Senators present to be ratified.

Wiedemer: Get Ready for Second Recession, Inflation

article by: Jim Meyers/Ashley Martella


Financial guru Robert Wiedemer tells Newsmax that the American economy is facing a double-barreled threat — a recession is “absolutely” coming and inflation will be the “biggest problem” of all.

Wiedemer, managing director of Absolute Investment Management and a contributor to Newsmax’s Financial Intelligence Report and Moneynews, attributes Thursday’s stock market plunge to the government’s ending of quantitative easing — printing money to buy securities in an effort to fuel economic growth.

Peter Schiff on BBC Newsnight

Here is a great clip featuring Peter Schiff / CEO of EuroPacific Capital. In my opinion Peter Schiff is one of the few out there who fully understands what is going on right now in the financial markets. There is a lot of information to be obtained in this short 10 minute clip.

Here's The Problem With This Market Crash...

Henry Blodget

businessinsider.com

Well, it's deja' vu all over again.

For anyone who followed the market crashes of 2000-2002 and 2007-2009--especially the crash of 2007-2009--the 512-point drop in the Dow feels awfully familiar.

And as those market crashes reminded us, the downdrafts can last a lot longer and be a lot more severe than most people initially think.

The Committee of 13

Kurt Nimmo
Infowars.com
August 4, 2011



The so-called debt ceiling crisis has nothing to do with the government running out of money. It is about the creation of a super committee, a council of thirteen, designed to circumvent Congress and ignore the will of the American people.

The ruling elite have a plan to take America down. The takedown has a timeline, a schedule, and it has been interrupted and set back by Congress. Despite the fact Congress usually does whatever the globalists tell them to do, certain members hold up the agenda by holding hearings and introducing resolutions on everything from the Federal Reserve to the globalist wars in the Middle East, South Asia and now Africa.