October, 2009

I guess the men and women in congress are not so different from the rest of us.

Explains a lot.

By Bill Politics Oct 29, 2009.

Glenn Ford of the “Black Agenda Report” says that President Obama is waging a phony fight for public relations purposes in the media verse the insurance agencies. Ford says it’s really a sham battle and the issue has in actuality already been decided. The insurance companies gained the biggest prize in 50 years, forcing even poor people to buy private medical insurance and if they don’t purchase medical insurance they will face terrible fines. Obama is only pretending to put up a fight to deceive the American people that he has good intentions.  Read more »

The Rich Have Stolen The Economy.

Bloomberg reports that Treasury Secretary Timothy Geithner’s closest aides earned millions of dollars a year working for Goldman Sachs, Citigroup and other Wall Street firms. Bloomberg reports that none of these aides faced Senate confirmation. Yet, they are overseeing the handout of hundreds of billions of dollars of taxpayer funds to their former employers.  Read more »

The number ten censored story of 1978 revealed an alarming disparity of wealth in America.

Some of the statistics showed that only four percent of America’s population have estates worth $60,000 or more. Nine out of ten adults could pay their debts, sell everything they own, and not have over $30,000 left. Worse yet is the fact that over 50 percent of all Americans would have a net worth of $3,000 or less; at the top we find the richest one percent owns one quarter of the net worth of the entire population.  Read more »

Being a financial holding company means that Goldman Sachs can borrow money from the Federal Reserve Bank at essentially no cost, and then invest it in any thing it wants.

For example, Goldman has bought a large share of the stock of a Chinese automaker. If the investment succeeds, Goldman will reap the profits; but if it fails, the taxpayers are on the hook.

Please, can I have the same deal next time I play around with some stocks, Please?

You know all about the subprime, alt-a, option arm, and commercial real estate crises. You're well-aware of the house of cards built with credit default swaps, securitized assets and other exotic investments. You've heard about the massive debt overhang threatening individuals, companies and the country as a whole, and the massive de-leveraging which is still to occur. You're aware of the soaring unemployment rate, the tapped out consumer, and many other economic problems. But do you know about the demographic crisis?

What Demographic Crisis?  Read more »

The US Geological Survey estimates there are 700 billion cubic metres of gas and 300 million tons of oil in Afghanistan.

Afghan Mining Minister Mohammad Ibrahim Adel said there are also significant deposits of copper, iron, gold, coal - as well as emeralds and rubies. Already in the pipeline is the exploitation of one of the world’s biggest copper deposits 20 miles east of Kabul. Adel said a 30-year lease with the China Metallurgical Group is being finalized to mine more than 11 million tons of copper worth $88 billion that would create 5,000 jobs five years from now.  Read more »

No American ever signed a contract agreeing to underwrite the Federal Reserve's largess, and setting aside the argument that the 16th Amendment cannot be shown to actually have been ratified, there is a principle in international law called the "Odious Debt", which states that the citizens of a failed nation are liable for the debts of the defunct government only in cases where the money was borrowed and spent for their direct benefit.  Read more »