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Archive for the ‘financial crisis’ Category

A desperate, failing elite lash out at the public . . .

. . . thrashing about like drowning men.

Leave the Kingdom of Sheep: Be like Gandhi, simply refuse to cooperate with the elite’s desperate, malevolent idiocy. Cooperating just enough to fall into despair is being controlled, being neutralized. Refuse to buy into despair. Refuse to comply.

Disengage, disassociate, disconnect from malevolent idiocy.

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According to a 2011 Harvard University report, 84% of all wealth in America is owned by the richest 20% of the population.

1/5 own 84% of all US wealth.

1/5 own 84% of all US wealth.

Do parasites, like this, infest our economy?

Lol! It’s not what you think it is:

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Woman Imprisoned for Life for Minor Drug Offense; Banking Giant Immune to Justice for Massive Drug Laundering

The rich are different than you and me. – F. Scott Fitzgerald

Authorities Decide Against Inditing HSBC

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Outrageous HSBC Settlement Proves the Drug War is a Joke

(Source)

Lanny Breuer
Assistant US Attorney General Lanny Breuer
Ramin Talaie/Getty Images

If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in jail for having a stem of marijuana in your pocket or “drug paraphernalia” in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.

Breuer this week signed off on a settlement deal with the British banking giant HSBC that is the ultimate insult to every ordinary person who’s ever had his life altered by a narcotics charge. Despite the fact that HSBC admitted to laundering billions of dollars for Colombian and Mexican drug cartels (among others) and violating a host of important banking laws (from the Bank Secrecy Act to the Trading With the Enemy Act), Breuer and his Justice Department elected not to pursue criminal prosecutions of the bank, opting instead for a “record” financial settlement of $1.9 billion, which as one analyst noted is about five weeks of income for the bank.

The banks’ laundering transactions were so brazen that the NSA probably could have spotted them from space. Breuer admitted that drug dealers would sometimes come to HSBC’s Mexican branches and “deposit hundreds of thousands of dollars in cash, in a single day, into a single account, using boxes designed to fit the precise dimensions of the teller windows.”

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By Occupy Posters

View in Zoom.It(recommended!)

Download High-DefDownload Ultra-high-def

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UPDATE Nov. 7, 2012: I was right! . . . but wish I was wrong.

UPDATE Dec. 26, 2012: Barack Obama received more than 99 percent of the vote in more than 100 precincts in Ohio on election day. Ohio was a very important swing state in Obama’s election. Third world dictators don’t even get 99% of the vote. See the key Ohio precinct vote counts here. Lucky coincidence for Obama that he was so popular in those Ohio precincts.

A bold prediction about the outcome of the upcoming U.S. election:

I know, for sure, who is going to win.

The winner will be the candidate who is in favor of and supports:

  • Going to war with Iran
  • Continuation of bankster bailouts
  • Continuation of the ongoing legal corporate “donations” and lobbying that pays politicians to be total sellouts
  • Increasing the size of government–through more debt, regulation, entitlements, military spending, etc.
  • Restriction of liberties, erosion of the Bill of Rights, expansion of police powers, and the growth of Federal power over States Rights
  • Continued multi-trillion-dollar debt-based spending, putting the United States into a position of never-ending debt, and possibly economic collapse.

Which candidate is this, you ask?

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More Than 100 Million Americans Are On Welfare – 11 August 2012

There are more Americans dependent on the federal government than ever before in U.S. history.  According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.  Many are enrolled in more than one.  That is about a third of the entire population of the country.

US Government Census Data

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US economy grinding down, down, down . . .

50% less gasoline sold in US in 2012 (vs. 2007)

(Source: US Government EIA Data)

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Three Ways the Rich and Powerful Have Cheated Young Americans

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The degeneration of the US political structure into criminal insanity is something historians will ponder for a very long time. 

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What happened?

Read this, and this.

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Go, go, go Nigel Farage, the world’s most interesting speaker on the Euro crisis:

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Those who think the answer to the unemployment problem is more education might be surprised to learn the Majority of Unemployed Attended College. (Source)

For the first time in history, the number of jobless workers age 25 and up who have attended some college now exceeds the ranks of those who settled for a high school diploma or less.

Out of 9 million unemployed in April, 4.7 million had gone to college or graduated and 4.3 million had not, seasonally adjusted Labor Department data show. (Source)

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The Story of Brokewhere we chose to spend our taxes:

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Global finance is changing . . .
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594 450 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, . . .

Global Mass Bankster Resignations

[For example] . . . Phillip Hildebrand, the head of Switzerland’s central bank, recently handed in his resignation. Not only that, but there have been resignations coming from several other central banks including Argentina, Kuwait, Nicaraqua, and Kenya. Even the World Bank is now accepting the resignation of Robert Zoellick. (Source)

. . . believe me: none of these bankers have suddenly resigned because they have decided to find another job! This is one of the first major signs of what’s about to happen. (Source)

NOT Your Normal Pattern:

The Securities Exchange Act of 1934 requires that publicly traded companies must report to the SEC whenever a member of the Board or certain officers resign. Also, the SEC has a database named EDGAR that is open to the public. After a little research, I discovered that corporations must report said resignations on Form 8-K, Item 5.02. From there, it was a simple matter of searching only Form 8-Ks within a specific range of dates, and including the boolean search terms “Resigns” and “Resignation”. (Source)

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REPORTER: What is the proper relationship… what should be the proper relationship between a chairman of the Fed and a president of the United States?
GREENSPAN: Well, first of all, the Federal Reserve is an independent agency. And that means basically that, uh, there is no other agency of government which can overrule actions that we take. So long as that is in place, and there is no evidence that the administration, the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don’t frankly matter.

[Furthermore, Federal Reserve lawyers have even argued in court that it is "not an agency" of the U.S. federal government.]

So what?

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Give me control of a nation’s money and I care not who makes it’s laws. – International Banker, Mayer Amschel Bauer Rothschild

Guess who controls our nation . . .

A great industrial nation is controlled by its system of credit.President Woodrow Wilson – In The New Freedom (1913)

Duh, you mean it’s the bankers who control our great nation?

Yes, it’s the bankers.

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Or, as Dick Durbin, US Senator, speaking about Congress, puts it: 

The banks “frankly own the place.” (Source)

How could it be any more clear?

Dude, we’re gettin’ screwed.

Duh.

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[See also:  Vampire Bankers Suck Life Out Of US Economy ]

A Christmas Message From America’s Rich

Matt Taibbi

(Source)

A Christmas Message From America's Rich

Dario Cantatore/Getty

It seems America’s bankers are tired of all the abuse.

They’ve decided to speak out.

True, they’re doing it from behind the ropeline, in front of friendly crowds at industry conferences and country clubs, meaning they don’t have to look the rest of America in the eye when they call us all imbeciles and complain that they shouldn’t have to apologize for being so successful.

But while they haven’t yet deigned to talk to protesting America face to face, they are willing to scribble out some complaints on notes and send them downstairs on silver trays. Courtesy of a remarkable story by Max Abelson at Bloomberg, we now get to hear some of those choice comments.

Home Depot co-founder Bernard Marcus, for instance, is not worried about OWS:

“Who gives a crap about some imbecile?” Marcus said. “Are you kidding me?”

Former New York gurbernatorial candidate Tom Golisano, the billionaire owner of the billing firm Paychex, offered his wisdom while his half-his-age tennis champion girlfriend hung on his arm:

“If I hear a politician use the term ‘paying your fair share’ one more time, I’m going to vomit,” said Golisano, who turned 70 last month, celebrating the birthday with girlfriend Monica Seles, the former tennis star who won nine Grand Slam singles titles.

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29 amazing stats about America today . . . (Source)

Why worry? Be happy.

#1 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

#2 According to the Economic Policy Institute, between 1979 and 2007 income growth for the top 1 percent of all U.S. income earners was an astounding 390 percent.  For the bottom 90 percent, income growth was only 5 percent over that same time period.

#3 According to a joint House and Senate report entitled “Income Inequality and the Great Recession“, the top 1 percent of all income earners in the United States brought in a total of 10.0 percent of all income in 1980, but by the time 2008 had rolled around that figure had skyrocketed to 21.0 percent.

#4 According to the Congressional Budget Office, the top 1 percent is the only group that saw its share of our national income increase between 1979 and 2007.

#5 The wealthiest 1 percent of all Americans now own more than a third of all the wealth in the United States.

#6 More than 50 percent of all stocks and bonds are owned by just 1 percent of the population.

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Well, there’s your problem . . .

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Finally, a short, concise explanation of our economic crisis:

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(Source)

An illusion it will be, so large, so vast it will escape their perception. Those who will see it will be thought of as insane. We will create separate fronts to prevent them from seeing the connection between us. We will behave as if we are not connected to keep the illusion alive.

Our goal will be accomplished one drop at a time so as to never bring suspicion upon ourselves. This will also prevent them from seeing the changes as they occur.

  • We will always stand above the relative field of their experience for we know the secrets of the absolute.
  • We will work together always and will remain bound by blood and secrecy. Death will come to he who speaks.
  • We will keep their lifespan short and their minds weak while pretending to do the opposite.
  • We will use our knowledge of science and technology in subtle ways so they will never see what is happening.
  • We will use soft metals, aging accelerators and sedatives in food and water, also in the air.
  • They will be blanketed by poisons everywhere they turn.
  • The soft metals will cause them to lose their minds.
  • We will promise to find a cure from our many fronts, yet we will feed them more poison.

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(Source: The Daily Bail )

HOLY BAILOUT: Federal Reserve Now Backstopping $75 Trillion in Bank of America’s Derivatives

This story from Bloomberg just hit the wires [October 19 2011].  Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.

This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers.  Bank of America didn’t get regulatory approval to do this, they just did it at the request of frightened counterparties.  Now the Fed and the FDIC are fighting as to whether this was sound.  The Fed wants to “give relief” to the bank holding company, which is under heavy pressure.

This is a direct transfer of risk to the taxpayer done by the bank without approval by regulators and without public input.  You will also read below that JP Morgan is apparently doing the same thing with $79 trillion of notional derivatives guaranteed by the FDIC and Federal Reserve.

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Fox News Poll – 67% Say They Agree With Occupy Protesters

If Elected Will You Arrest The Bankers?–the non-negotiable issue

Exactly . . .

Free speech . . . if you don’t ever question authority.

Police crack down on Occupy Wall Street protests.

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According to a recent CBS News/New York Times poll, Congress has a disapproval rating of 82%.

A recent Washington Post poll found that 78 percent of Americans are dissatisfied “with the way this country’s political system is working.”

Winston Churchill once famously remarked that Americans could be counted on to do the right thing, once they had tried everything else. That’s the situation we’re in now.

Pilots union workers’ join Occupy Wall Street protests.

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US congress today is about as powerful as a student council in high school. Remember high school? Changing the student council, or even forming a new student council “party”, never changed anything. The principal makes all the key decisions. The principal runs things.

The unelected evil banker elite have started making our key decisions today. The unelected evil banker elite think they should run things. They are the problem. Unfortunately, US congress has become as impotent as a high school student council. Here’s the bottom line:

If Elected Will You Arrest The Bankers?–the non-negotiable issue

Until politicians and media pundits start talking about true economic regime change–shutting down the FED and arresting the evil banker elite, they are irrelevant. Discussing tiny little adjustments at the margin (changing the student council) is a tactic used by the evil banker elite to weaken and slow down the profound changes that are needed. It is just like high school principals who use the student council to dissipate student anger away from themselves by pretending that the student council actually makes a difference–it doesn’t.

Shut down the FED and arrest the evil elite bankers.

The first question we should ask any candidate for President is this: If elected, will you promise to arrest every banker for whom we have probable cause to believe they committed a crime?

If the Answer is Yes, we will listen. But, if the Answer is No, then we ought not to listen as any candidate who does not listen to us is against us and not for us.

This is a non-negotiable issue. If you will not arrest the people who stole tens of trillions of dollars, how will you put an end to Bailouts, Austerity Cuts and Mindless Tax Increases?

I don’t care if you are a member of my political party, my religion, my race, my gender or my veterans group. I don’t care how photogenic your children are. I don’t care about any other issues you run off at the mouth about.

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Those of you who have tried exposing the 9/11 attack have certainly noticed that most people demand absurd amounts of evidence that the official story is false.

We need only one suspicious event to justify asking the question, “Is our government and media telling us the truth about the 9/11 attack?

Don’t be fooled into thinking that we have to answer everybody’s questions about the attack. We don’t have to know what type of aircraft hit the Pentagon, or who purchased the explosives that demolished Building 7.  (Source)

The Official Version of 9/11 – as reported by a skeptic (Source)

Directed by a beardy-guy from a cave in Afghanistan, nineteen hard-drinking, coke-snorting, devout Muslims enjoy lap dances before their mission to meet Allah…

Using nothing more than craft knifes, they overpower cabin crew, passengers and pilots on four planes…And hangover or not, they manage to give the world’s most sophisticated air defense system the slip…

Unphased by leaving their “How to Fly a Passenger Jet” guide in the car at the airport, they master the controls in no-time and score direct hits on two towers, causing THREE to collapse completely…Our masterminds even manage to overpower the odd law of physics or two… and the world watches in awe as steel-framed buildings fall symmetrically – through their own mass – at free-fall speed, for the first time in history.

CLICK the picture above to see WTC 7 collapse after NOT being hit by any airplanes–note the penthouse on top falls first. Hmmmmm . . .

Despite all their dastardly cunning, they stupidly give their identity away by using explosion-proof passports, which survive the fireball undamaged and fall to the ground… only to be discovered by the incredible crime-fighting sleuths at the FBI

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Answer: To set up the Oligarch Welfare Program following:

A Huge Housing Bargain — but Not for You

Via: The Street:

The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors — vulture funds.

These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value.

You and I will not be allowed to participate. These investors will come from the private-equity and hedge-fund community, Goldman Sachs and its derivatives, as well as foreign sovereign wealth funds that can bring a billion dollars or more to each transaction.

In the process, these investors will instantaneously become the largest improved real estate owners and landlords in the world. The U.S. taxpayer will get pennies on the dollar for these homes and then be allowed to rent them back at market rates. (Source)

Here we finally see the hidden motivation and the real purpose of crashing the real estate market: creating an excuse to force people out of their homes, making it easy for lenders to grab their homes. The lenders then are “bailed-out” by the Federal Reserve, who passes the bill on to the tax payers. Once the lenders are bailed out they no longer want to hold actual properties, so they quickly sell all their repossessed homes to giant hedge funds for pennies on the dollar. The lenders know they have to sell quickly before anyone realizes what they did, before anyone files legal actions. Lol! Once the homes are sold off just try and get them back. Can’t be done. Bwahahahaha !!

Crashing the real estate market was necessary to take homes from ordinary people, so they could then transfer them to the wealthy–who will turn around and rent them back to the very people who lost homes.

Voila! Wealth transfer mission $$ accomplished.  

Ahem, why not just give the discount on the homes to the folks who live in them?

Duh. Don’t ask silly questions.

As always, profit before people.

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Yep, our government is now infested by the evil banker elite and their army of sell-outs:

An Updated List of Goldman Sachs Ties to the Obama Government

Key U.S. Government Positions held by Goldman Sachs alumni.

So what? Recent headlines say it all:

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Ron Paul

Speech before the US House of Representatives, 02/12/09

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A new Rasmussen survey has found that 85 percent of Americans believe that members of Congress “are more interested in helping their own careers than in helping other people.
Well, There’s Your Problem Right There … Insider Trading Rules Don’t Apply To Congress: They’re  incentivized to lie, cheat and steal.  So – of course – they will continue to lie, cheat and steal. Duh.
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Many have had the sneaking suspicion that our elected “leaders” in Congress are not going to Washington D.C. to represent us…but for their own personal gain. This video may just validate that assessment!Using the net worth data compiled by the non-partisan Center for Responsive Politics we found a disturbing trend. The analysis of the information in this video has not been seen by anyone…not on Fox News…not on CNN…and you have not read about this in the Wall Street Journal…yet. After watching the video click HERE to view “The List”   (Source)

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Does the US Supreme Court serve the elite?

You decide:

In the 1960 US Supreme Court Case titled Flemming v. Nestor (363 U.S. 603)  the Court ruled that they [workers who paid into the Social Security system] do not have any “earned rights” to any  Social Security benefits, or any other government entitlement programme, as their perceived benefits were a “non-contractual interest.”  The Court further declared, “To engraft upon the Social Security system a concept of ‘accrued property rights’ would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands.”

The current “ever-changing conditions” spoken of by the US Supreme Court in their 1960 decision in regards to Social Security, and other entitlement programmes, owed to the American taxpayers, who actually paid for them in the first place, allows their government to wipe them out entirely and, instead, give these Trillions-of-dollars to the “too big to fail” banks, corporations and financial elite who looted all of this wealth in the first place. (Source)

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The following are 20 recent political decisions too stupid to believe….

US sent firearms to Mexican drug gangs.

#1 Who in the Obama administration decided that it would be a good idea to put thousands of guns into the hands of Mexican drug gangs? See also this, this, this, and this.

#2 Who decided that it would be a good idea for the financial future of the U.S. government to be decided in a back room by “intellectual heavyweights” such as Barack Obama, John Boehner, Harry Reid and Joe Biden?

Illegal garden

#3 Who decided that it would be a good idea to try to put a woman living in Oak Creek, Michigan in jail for 93 days for growing a garden in her front yard? See also this, and this.

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