Friday, December 31, 2010

Euro Zone Faces Exodus

Dec. 31 2010 | The ongoing European debt crisis, and the austerity measures brought in to solve the issues, will see an "exodus" of countries from the monetary union, according to Jim Walker, founder and CEO of Asianomics.

Thursday, December 30, 2010

Unemployment Benefit Applications Drop Sharply

The number of Americans applying for unemployment benefits fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. (Dec. 30)

Wednesday, December 29, 2010

AllState Sues Bank of America over Residential Mortgage Securities

Allstate Corp. (ALL) has shed its opening bell upside and is down fractionally, after the insurance carrier said it was suing Bank of America Corp. (BAC) over mortgage-backed securities that went sour.

The suit alleges the bank's Countrywide unit knew $700 million in residential mortgage-backed securities it sold Allstate were a "toxic mix of loans given to borrowers (who) could not afford the properties and thus were highly likely to default."

BAC shares also were higher in initial trade today.

Tuesday, December 28, 2010

The Federal Reserve is a failure

Oh wait, the US way may not be on the road to recovery after all. Pimco Chief Executive El-Erian warns the US is on its way to deflation. Remember Treasury Secretary Timothy Geithner's New York Times op-ed earlier this week, where he said the US is in a recovery, well not exactly according to several economists. Anthony Randazzo, director of economic research at the Reason Foundation says there is no real proof the stimulus busted GDP. He also discusses the problem with Ben Bernanke and why Americans still put trust in the Wall Street players.

Monday, December 27, 2010

Recession Risk Remains in 2011

Dec. 27 2010 | There is a risk of another recession next year and protectionism could cause major problems in 2011, Roger Nightingale, strategist at Pointon York, told CNBC Monday.

Friday, December 24, 2010

2011 Jobs Outlook

Dec. 23 2010 | Insight on what it will take to generating jobs in 2011, with Tig Gilliam, Adecco Group regional head of North America.

Wednesday, December 22, 2010

Inflation, Unseen Taxes, and Ponzi Schemes!!

you must talk about how medical prices are TOO HIGH because of government interference.Laser eye surgery, lap-bands, breast jobs all OUTSIDE the Government sphere and EACH YEAR you can get MORE, BETTER quality service for your money...WHY? NO GOVERNMENT INTERFERENCE!

Coach, Jesus didn't approve of the rich. 23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God! 24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God! 25 It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.

Tuesday, December 21, 2010

Are Government Unions Bankrupting America?

Airtime: Mon. Dec. 20 2010 | Insight on whether government unions are bankrupting America, Mark Levine, Democratic policy analyst and Jerry Bowyer, "The Free Market Capitalist's Survival Guide" author.

Sunday, December 19, 2010

Max Keiser Bankers are Financial Terrorist worse than Bin Laden

LLoyd Blankfein, Henry Paulson, J. Dimon, Ben Bernanke, Alan Greenspan, and a few others with the big banks and Wall Street, should respond for their actions. A sweep investigation should take place. I bet they all will be find guilty. They should go the jail where they belong.

Saturday, December 18, 2010

Conspiracy.Theory.with.Jesse.Ventura.S02E03 Wall.Street

Episode 3 - "Wall Street"
Premieres Fri, November 5, 2010 at 10P
Jesse goes inside the secret billionaire's boy's club to find out what caused
the financial meltdown and how the group allegedly continues to manipulate and
control the stock market and oil, gold and silver prices. From Wall Street to
Washington, the governor barges in on the rich and powerful to demands answers.

Friday, December 17, 2010

$7B Madoff Settlement a 'Game Changer'

The widow of a Florida philanthropist who had been the single-largest beneficiary of Bernard Madoff's Ponzi scheme has agreed to return $7.2 billion in bogus profits to the victims of the fraud. (Dec. 18)

U.S. Government's Financial Rescue Plan Costs Less than Projected

U.S. Treasury Secretary Timothy Geithner says the U.S. government's financial rescue plan will cost about $30 billion. It is considerably lower than what was estimated.

U.S. Treasury Secretary Timothy Geithner defended the $700 billion Troubled Asset Relief Program (TARP) on Thursday.

He told a congressional panel that the Treasury expected a positive return on its remaining support for banks, automakers, credit markets and American International Group (AIG).

Geithner said the U.S. government's financial rescue efforts will cost less than 1 percent of gross domestic product, considerably below past systemic crises.

[Timothy Geithner, U.S. Treasury Secretary]:
"These programs achieved their objective at a fraction of their cost that almost any observer predicted , even as recently as three, six , nine months ago."

The Treasury's most recent all-in cost estimate for TARP, including expected gains from AIG investments, is about $30 billion, down from a previous estimate of $350 billion by the Congressional Budget Office.

He said the U.S. economy and financial system have not yet recovered from the crisis, with the unemployment rate still near 10 percent and small businesses still having difficulty accessing credit.

[Timothy Geithner, U.S. Treasury Secretary]:
"Now the government's financial programs including TARP were not designed and cannot solve all those problems and cannot on their own solve all the damage caused by the crisis. But these programs do what they had to do, what they were designed to which was to protect the value of America' savings, to restore a measure of stability to the financial system at the edge of collapse, re-open access to credit and to restart economic growth."

He said the housing market also remains weak, and the Treasury is continuing to use mortgage finance giants Fannie Mae and Freddie Mac to apply downward pressure on rates.

Tuesday, December 14, 2010

Inflation in China Hits a 28-Month High

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Inflation in China has reached its highest point in more than two years. It's driven mostly by the soaring food prices. Chinese authorities are trying to keep prices stable, but economists see no relief any time soon.

The Chinese National Bureau of Statistics announced on Saturday, China's inflation has soared to a 28-month high. The consumer price index rose by 5.1 percent year-on-year in November.

Food was the biggest concern, with prices rising 11.7 percent. Economists say inflation could be spreading to other sectors, with health care up 4 percent and house prices up 5.8 percent.

[Hu Xingdou, Professor of Economics, Beijing Institute of Technology]:
"China will experience a long-term inflation era. Price rises will be seen in sectors like real estate and asset prices, prices of raw materials, commodities, agricultural products and agricultural inputs will also rise rapidly."

Economists blame massive lending and billions of stimulus spending in reaction to the financial crisis.

China's central bank raised lenders' reserve requirements for the third time in a month to sop up some of the excess cash in the economy that is driving prices higher.

Chinese authorities also promised to take a hard line on the hoarding of food and other goods which they say is artificially driving up prices.

But many retired city dwellers still worry they will not have enough money to pay doctor bills if food prices keep rising.

[Ms. Wang, Beijing Resident]:
"For people like us who have retired, with low salaries, you can afford to eat as long as you don't get sick. If you have to see a doctor you soon won't be able to afford to eat."

Monday, December 13, 2010

Thursday, December 9, 2010

Jim Rogers expects much, much higher interest rates


Wall street king Legendary investor Jim Rogers and author of ‘Hot Commodities’ agrees with Dr Gloom Boom and Doom Marc Faber in predicting ‘much, much, much higher interest rates’ in the US over the next few years and is now shorting US treasuries. He told a Reuters investment summit this week that ‘everybody in this room knows that prices are going up for everything’, Jim Rogers is not only an astute businessman, a voice of reason and a gentleman but is also blessed with a genuine sense of humor - Jim Rogers 's golden words: Investment in productive capacity is what leads to the long term growth of economy.

One important fact you need to remember. When the crash happens, a new system will be offered. Refuse it, unless it is a gold standard.I doubt that they would offer a gold standard due to what happened in the UK in the 1930s when Churchill tried. It'll just be another Fiat currency backed by nothing.

Wednesday, December 8, 2010

Who Benefits From Austerity

James Crotty: What Does Wall St. Want Out of Austerity and What Benefits Does it Gain From a Small Government?

So he admits that the big banks aren't really regulated at all. And wants more regulation. Except every single time we ask for more regulation we get it, only it excludes the huge banks!

He ignores the existing sea of regulations that make smaller banks and firms nearly still born. Building an effective wall for the elite. But instead of suggesting to remove some of that "sea" of rules so some of the smaller fish can grow to take on the bigger ones, he wants more regulation walls.The market would have punished those people who made bad decisions. So yes this includes a school who has it's savings in a terrible company.

It sounds like he wants to strip all responsibility for all actions claiming some things are just too important to be responsible for.

So don't worry about making responsible choices, we'll just dilute the negative backlash by letting all people pay.

This encourages irresponsibility!"If they all crashed, the whole global economy would crash". Um no.

There's been times before where they effectively haven't been regulated, and because it's "cheap" to begin a financial firm there are thousands of them. Because there are thousands of them, there's a wide spread of people in many MANY different financial firms.

Having "all" of them crash at once would be like having all restaurants in the world shut down from e-coli. (More likely with one giant chain with one source.)Proving markets are "efficient" absolutely does _not_ require investors to predict the future. In fact, to claim that a government can improve the efficiency of a market, is to claim that some smaller group of people (selected for reasons other than their record of prediction) than the pool of all investors, can _better_ predict the future than those who bet their own money on their ireland, the imf, which is basically broke, has insisted on 20% collateral, i.e., equal to ireland's solvent pension fund. ireland is getting raped. someone, quick, call interpol.

i agree with obarelida, mr. jay, not only are your interviews interesting but you have the good sense to let your guest do the talking. thanks.

Tuesday, December 7, 2010

Peter Schiff on FOX Business News 12/07/10

Peter Schiff on FOX Business News 12/07/10

Peter Schiff :"...unfortunately this is going to make the problems worse because yes we are cutting taxes but rather than funding the government through taxes we are gonna fund it through debt and the extra debt is going to undermine the economy more than lower taxes benefits , and of course a lot of that debt is going to be funded by the federal reserve monetizing debt that's why oil hit a two year high today , copper hit a record high you see commodity prices surging the CRB hit a new two year high so the cost of living is going to rise and that's going to hurt every American ......etc...

Jim Rogers Ireland is bankrupt

Dec. 7 2010 | Some countries in Western Europe are bankrupt or are having serious liquidity problems and they should be allowed to restructure their debt, famous investor Jim Rogers told CNBC Tuesday
Jim Rogers Ireland is bankrupt

Monday, December 6, 2010

Marc Faber : US and European interest rates are negative in real terms

Marc Faber : “US and European interest rates are negative in real terms, the rate of inflation is significantly higher than what governments are saying,” “You can see it when you pay for your insurance premiums, your groceries, your child’s pre-kindergarten schooling in New York there has been a loss of pricing power for most people.”

Niall Ferguson : China Bail Out the EU

CNN's Fareed Zakaria and Niall Ferguson and the FT's Gillian Tett on the EU crisis and possible help from China.

Friday, December 3, 2010

Goldman Sachs Shares Stumble as Firm Considers Selling Mortgage Servicing Division

"Shares of Goldman Sachs (GS) are down following a report that the firm is considering selling its mortgage-servicing division.

The move would come less than three years after moving into the business of collecting on home loans and foreclosing on delinquent borrowers, according to the Financial Times.

Goldman shares are down 0.35%, or $0.57, to $161.93."

Unemployment Rate Pops Up to 9.8 Percent.

The job market continues to falter. The AP's Mark Hamrick reports that's despite some recent signs of recovery.

Thursday, December 2, 2010

Another Bank Bailout on the Way?

FBN's Gerri Willis argues that, despite new regulations, banks are bigger than ever and pose a big threat to our economy.

WikiLeaks Targets Bank of America

Nov. 30 2010 | Discussing the next target of the document dump, with John Carney, senior editor and Dick Bove, Rochdale Securities financial strategist.

Wednesday, December 1, 2010

Bernanke Addresses Business Leaders in Ohio

Nov. 30 2010 | Federal Reserve Chairman Ben Bernanke holds a "Conversation on the Economy" with business leaders in Columbus, Ohio.

Blog Archive

“Control oil and you control nations; control food and you control the people.” Henry Kissinger

once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?


“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924

Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money

Taxation is legalized Theft

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan

"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich

There is NO political answer to a spiritual problem!
Steve Quayle

litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow

When People lose everything and have nothing left to lose , They Lose It !


Your Greatest Teacher is Your Last Mistake

The one who Controls the Education System , Controls Perception

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left

No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please

Freedom is not Free

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff

You can love your Country and not your Government

Jesse Ventura

" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan

"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato

The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki

"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki

"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN