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Showing posts from June, 2012

Baby Bank vs JP Morgan

Ron Paul warns Americans of coming economic collapse and possible martia...

World Economy Collapse explained in 3 minutes

All The Banks Are Broke

Rick Santelli and John Taylor: Learning from Hayek

Gary Kaminsky: The Euro Will Not Be Around in Five Years

Sen. Rand Paul Discusses on CNBC the Supreme Court's Ruling on Obamacare...

Dylan Ratigan Interview

Down-the-drain trading: Self-destroying cyber-sewer economy

Keiser Report: Gold vs Paper

Where is the Bailout Money Coming From?

When you look at the amount of money being sent to failed nation states in the Euro Zone,  the bankrupt states, and green energy businesses in America, you have to wonder where the money is coming from. America funds at least 30% of the International Monetary Fund while having a 16 trillion dollar deficit. European countries are all running national debt to some degree, yet there are spare Euros laying around for more bailouts. Where are the dollars and euros coming from? The answer is very simple, they are printing them out of thin air.
 Some may wonder why this is such a bad practice? It causes inflation for goods and services and deflation in the printed currency. The more money in circulation, the less it's value. Food and energy prices are not considered in the Cost Price Index in America. You feel the inflation when you heat or cool your home or business, or when you buy groceries. When gas is bought with a deflated dollar or euro, the purchaser gets less of that product fo…

Weekly Forecaster

Bankers Arrested! Iceland by James Corbett 23 June, 2012
Last week in these pages we forecasted: that a pro-bailout party would win the Greek election; that the socialists would take a majority in the French elections; that Spain would require a significantly larger bailout to prop its banking sector up; and that the Fed would likely extend Operation Twist as a way of keeping everything moving along sideways. Check, check, check, and check. In most areas of life, 4 for 4 is something to be happy about, but when forecasting during the death throes of the global economic system as we've known it, getting things right is hardly cause for celebration. Here's a prediction I'd like to see come true: the American public, finally realizing the extent of the depravity on Wall Street, will start to examine what really happened in the past five years. Following the trail of trillions in bailouts and stimul…

Sums up our budget


This rather brilliantly cuts thru all the political doublespeak we get.
It puts it into a much better perspective.

Lesson # 1:

* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000

Let's now remove 8 zeros and pretend it's just a household budget:

* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far:

Got It ?????
Three Worlds
by Shah Gilani

Dear Reader,

If you aren't making a lot of money trading these days, I've got some good news and some bad news for you.

The bad news is, it's because you don't get it.

The good news is, I'm going to tell you what "it" is.

First off, don't blame yourself. You're not alone.

I don't mean you're not alone, as in, there are plenty of other people who don't get it (though there are). I mean you're not alone, as in, there are forces out there that are actively working against you.

But you're smart, and you have intuition, and so you probably feel that other hand at work.

You might even be one of the many people who think that the force working against you is "the market." As in "the market is killing me." And you'd be close, but not quite right.

The market isn't some benign behemoth randomly trampling your nest egg. The market isn't random at all. And you know it certainly isn't be…

Rare Romney Facts

> Mitt Romney:
> · After going to both Harvard Business School and Harvard Law School
> simultaneously, he passed the Michigan bar, but never worked as an
> attorney.
> · As a venture-capitalist, Romney's first major business deal involved
> investing in a start-up office supply company with one store in
> Massachusetts that sold office supplies. That company, called Staples,
> now has over 2,000 stores and employs over 90,000 people.
> · Romney or his company Bain Capital (using what became known as the
> "Bain Way") would go on to perform the same kinds of business miracles
> again and again, with companies like Domino's, Sealy, Brookstone,
> Weather Channel, Burger King, Warner Music Group, Dollarama, Home
> Depot Supply, and many others.
> · Got your calculators handy? Let's recap.