Incredible Speech By Wall Street Protester "End The Fed" 2011

In all the media coverage I have viewed over the course of the past few weeks I failed to hear anyone who put forth a compelling argument as to what they were protesting against. Then I saw this young man and I was truly blown away. Here is a young man who truly understands what is going on in this country and gives one of the best speeches I have heard in a long time.

$2 Trillion Mile Marker on Road to Perdition

This week, Treasury Secretary Tim Geithner proposed raising the debt ceiling by $2 trillion.  I thought, this should be big news!  After all, a trillion is a thousand billion.  This adds up to 2 thousand billion over the next 2 years!! 

A Dollar Collapse? No Way – The U.S. Dollar Rocks! (Propaganda)

Are we on the verge of a dollar collapse?  Don't believe the skeptics.  The truth is that there is no currency in the world that is stronger than the old greenback.  The U.S. dollar is the reserve currency of the world.  Virtually all of the nations on the face of the earth use it for trading and they always will.  Why?  Because the U.S. dollar is awesome.  No currency on earth can compete with our awesomeness.  So what that the dollar hit a new all-time record low against the Swiss franc today?  Do you really want to move over with the Swissies and eat chocolate and make watches?  No, you want to live in the land of American Idol, the NFL and apple pie - the good old USA.  Who cares if it takes about a dollar and a half to buy a single euro now?  Do you really want to go live with the Frenchies and eat a bunch of French bread while you wear a beret every day?  Of course not.  There isn't going to be a dollar collapse.  As long as the USA is still number one the rest of the world is still going to need U.S. dollars.  So quit your worrying.

If You Are Against Raising The Debt Ceiling You Are Part Of Al-Qaeda?

Are you against raising the debt ceiling?  If so, according to former Bush Treasury Secretary Paul O'Neill you are actually part of al-Qaeda.  Yes, seriously.  During an interview on Bloomberg TV the other day, O'Neill actually made the following statement:

"The people who are threatening not to pass the debt ceiling are our version of al-Qaeda terrorists. Really. They're really putting our whole society at risk by threatening to round up 50 percent of the members of the Congress, who are looney, who would put our credit at risk." 

A Debt Default is Not the Real Problem for the US

article from: ZeroHedge.com

Many commentators are discussing the collapse of the US today. Indeed, the most common theme I see one of “it’s all over,” usually focusing on the math/ debt problems in the US.

Debt is a major problem, but it’s not always one that destroys everything.  History is replete with countries that defaulted on their debt… and the world kept chugging along regardless.

It’s GAME OVER For the US

If the US were a company, it’d already be in Chapter 11.

FoxNews published a WHOPPER of a story yesterday, though it somehow has not caught the attention of most people. If you have issues with Fox them at the door for a moment and simply focus on the numbers.

For the first time since the Great Depression, the US is now officially paying out more in benefits than it takes in via tax receipts.
If the US were a company, it’d be spending more in salaries than it makes in sales. Aside from being unprofitable, it’s also got a MASSIVE debt load. And it’s current policy of paying out more than it makes only increases this debt load… which begs the question… who’s going to pay the interest payments on the debt?

The Jig Is Up For the US Dollar

by: Craig Hasten

Folks, I'm sure you are seeing a general theme forming in the material that I am posting today. In case you haven't put all the pieces of the puzzle together yet, the dollar is dying!

Now I give you an article (once again from the mainstream news) in which they are openly discussing the possibility of the United States defaulting on it's 14 trillion in debt. Once again, this has been a taboo topic these past few years and if discussed it would only end with you being publicly mocked and branded as a prime candidate for the loony bin.

Please see what is happening folks.

Obama's Permanent Spending Binge

article by: John B. Taylor

Americans are clamoring for a fact-based debate about the budget, but the numbers they're hearing from Washington are terribly confusing. Here's an example: Speaking at a Facebook town hall meeting here on Wednesday, President Obama sometimes talked about saving $4 trillion, at other times $2 trillion, and he varied whether it was over 10 years or 12 years, never mentioning any one year.

'The US Shouldn't Play With Its Credibility'

article from: Spiegel Online

Europe has long been concerned about the role ratings agencies have played in the euro-zone debt crisis. Now, though, the US has become the target. German commentators say that, even if Standard & Poor's is right to doubt US reliability, the agencies have become too powerful.

Obama Budget Adds $9.5 Trillion to US Debt

On March 18, the non-partisan Congressional Budget Office released its annual “re-calculation” of President Obama’s 10-year budget proposal that he released in February. The CBO now estimates that Obama’s budget proposal will add $9.5 trillion to the national debt over the next 10 years, if enacted.

The latest figures project the national debt to increase by more than $2 trillion above what the White House put out in its forecast last month. My readers were not surprised, however, because in my February 22 E-Letter, I showed you that Obama’s 10-year “adjusted baseline” deficits added up to $9.4 trillion. Now the CBO says it will be even higher than the totals I showed you last month.

Open Letter to President Obama

I guarantee that this is one of the best speeches that you will ever hear. In six short minutes this gentleman sums up the problems with this nation and what needs to be done about them.

Why can't we elect someone like this to be the next President of the United States?

Amid Global Meltdowns, What Is The Half Life Of The U.S. Government's Fiscal Solvency?

article by: Mike Adams  NaturalNews.com
               
Thanks to the recent (and laughable) "largest annual spending cut in history" announced by Obama and Boehner, it is now abundantly evident that the U.S. government is headed toward a complete economic meltdown that will make Fukushima look chilly by comparison. While cesium-137 may have a half-life of 30 years, and iodine-131 a half-life of 8 days, if the U.S. government continues on its current path of spending trillions of dollars it doesn't have, the half-life of the value of a dollar may soon be measured in hours.

Why is the Federal Reserve Forking Over $220 Million In Bailout Money To The Wives Of Two Morgan Stanley Bigwigs?

by: Matt Taibbi

America has two national budgets, one official, one unofficial. The official budget is public record and hotly debated: Money comes in as taxes and goes out as jet fighters, DEA agents, wheat subsidies and Medicare, plus pensions and bennies for that great untamed socialist menace called a unionized public-sector workforce that Republicans are always complaining about. According to popular legend, we're broke and in so much debt that 40 years from now our granddaughters will still be hooking on weekends to pay the medical bills of this year's retirees from the IRS, the SEC and the Department of Energy.

Toxic Dollar: Why Nobody Seems to Want US Currency

Traders are warning of a dramatic change in dollar selling. They fear central banks from the Middle East may force their Asian rivals to more aggressively drive the dollar down.


Too Many Dollars

In 10 months, the Dollar Index has lost 14% because the world keeps accumulating dollars it doesn’t want and sells them. Asian central banks are key.

Forget The Budget, The Real Nightmare Comes Next Month, And The Stakes Are 1000x As High

article by: Joe Weisenthal


A point that needs to be made: This fight over whether to shut down the government for a few days is chicken-scratch.

It's low-stakes poker compared to the fight over the debt ceiling, which must be resolved by May 8, in just over a month.

Top Union: If Federal Govt Shuts Down, We'll Sue to Get Paid

article by: Jim Meyers


As the average American braces for the shutdown of the U.S. government, the largest federal employees union plans to take care of its own by suing the government for members’ pay if the government is forced to close its doors.

John Gage, national president of the American Federation of Government Employees (AFGE), said his union would consider filing a lawsuit under the 13th Amendment of the Constitution because some workers would be required to work without pay to keep vital operations running.

The Federal Reserve Must Implement QE3

April 6, 2011

Gold prices surged today to a new all time high of $1,463.70 per ounce, while silver prices soared to a new 31-year high of $39.785 per ounce. Silver is now up 129% since NIA declared silver the best investment for the next decade on December 11th, 2009, at $17.40 per ounce. The gold/silver ratio is now down to 37, compared to a gold/silver ratio of 66 when NIA declared silver the best investment for the next decade. This means that not only is silver up 129% in terms of dollars since December 11th, 2009, but silver has also increased in purchasing power by 1.78X in terms of gold.

Treasury: True Government Spending Topped $11 Trillion Last Year

article by: Terry Jeffrey

If you look at the historical tables attached to President Barack Obama's latest budget proposal, they say the federal government took in $2.165 trillion in revenues in fiscal 2010 and spent $3.720 trillion, leaving a federal deficit of approximately $1.555 trillion.

This looks like a horror story, of course. Yet the true story is more horrible. To find that story, you have to look at the financial statements quietly posted by the U.S. Treasury on the website of the Financial Management Service. These documents show the actual accounting for the federal government in much the same way your bank statements show the actual accounting for your household.

US Spent More Than 8 Times Revenue in March

The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.

During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.

Bill Gross: Without A Gigantic Reform Of Entitlements, America Will Default

 

PIMCO boss Bill Gross has been warning against Treasuries for awhile, and recently he abandoned them completely.

In his latest investment outlook, he warns that America will default, thanks to trillions in entitlement obligations: