Archive for October 12th, 2010

Massive wealth confiscation program would replace 401(k) system with Social Security-run ponzi scheme Paul Joseph Watson Prison Planet.com Tuesday, October 12, 2010 The government is preparing to seize the private 401(k) pensions of millions of Americans while enforcing an additional 5 per cent payroll tax as part of a new bailout program that will... »

by Tyler Durden ZeroHedge.com 10/11/2010 By now it should be common knowledge to everyone that in American society, the top wealthiest 1 percentile controls all the political power, holds half the wealth, and pays what is claimed to be the bulk of the taxes (despite mile wide tax loopholes and Swiss bank accounts). The... »

BY Glenn Greenwald Salon.com It’s easy to say and easy to document, but quite difficult to really internalize, that the United States is in the process of imperial collapse. Every now and then, however, one encounters certain facts which compellingly and viscerally highlight how real that is. Here’s the latest such fact, from a... »

by Robert Wenzel Economic Policy Journal Last night at the Mises Institute in Auburn, Alabama, author, investor and global traveller, Jim Rogers, was awarded the prestigious Schlarbaum Prize for the lifetime defense of liberty. Rogers told attendees to the event that the United States has had two central banks prior to the Federal Reserve... »

FSK’s Guide to Reality In the USA and Europe, there is massive inflation to bail out the banksters. Aiming for stable exchange rates, other countries are also inflating their money. Politicians in other countries value their exports to the USA. As dollar inflation occurs, prices of non-US goods rise relative to US-produced goods. To... »

By: Captain Hook MarketOracle.co.ukOct 11, 2010 Damn The Economic Torpedoes – It’s Fiat Nirvana Or Bust – Little doubt can exist US central planners intend to go the full nine yards in attempting to overt a repeat of Japan over the past twenty years. We know this because the Fed told us in it’s... »

By Jim Sinclair CommodityOnline.comOctober 12, 2010 I am asking for your attention again because of the depth of the fraud and now the size of the securitized mortgage debt OTC derivative pile of garbage that is in the trillions. This entire mountain of weapons of mass financial and social destruction is now in question.... »

Attorneys General Hope Lenders Will Re-Write Loans With Troubled Documents By ROBBIE WHELAN And RUTH SIMON WSJ.com A coalition of as many as 40 state attorneys general is expected Wednesday to announce an investigation into the mortgage-servicing industry, an effort some of them hope will pressure financial institutions to rewrite large numbers of troubled... »

By Lindsey Boerma HotLineOnCall.com Texas Rep. Ron Paul (R) told reporters Saturday that the bulk of the economic crisis is yet to come, and that a White House ’12 bid largely hinges on his anticipated fall of the U.S. dollar. Prior to appearing before the Virginia Tea Party Patriots Convention in Richmond, Paul called... »

by Thomas Sowell LewRockwell.com Those who are always accusing people in the private sector of “greed” almost never accuse government of greed, no matter what it does. Indeed, the question of whether the government is greedy almost never comes up, so most of us probably never think about it. The first time I was... »