Republicans Vote Against Raising Debt Ceiling

House Republicans dealt defeat to their own proposal for a $2.4 trillion increase in the nation's debt limit Tuesday, a political gambit designed to reinforce a demand for spending cuts to accompany any increase in government borrowing.
The vote was lopsided, with just 97 in favor of the measure and 318 against.
House Democrats accused the GOP of political demagoguery, while the Obama administration maneuvered to avoid taking sides – or giving offense to majority Republicans.
More Here..

Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone 


Chinese, Mexican defense ministers hold talks on military cooperation

Goldman Sachs Reportedly Offered Qaddafi Big Chunk of Company After Investment Losses

Factory direct super sale of rechargeable batteries and chargers at 50-80% the retail price. Large selection, huge savings, and speedy service.

THESE DAYS THEY MOVE APOCALYPTICALLY

U.S. Wealthy Exit Swiss Bank Accounts: Study

Urban Danger: Tempting Fate

Maritime Lien for Ten Quad Trillion Dollars filed against BP and the Queen of England for the oil spill damage

Home-price index falls to lowest point since 2002

Democrats Want 62 Percent Tax Rate

If the Democrats get their way on taxes, the top combined tax rate would soar to 62 percent, warns economist Stephen Moore of The Wall Street Journal.

A combination of higher income tax rates, phasing out of deductions, payroll taxes, state taxes, new healthcare taxes, and a 3 percent “millionaire’s tax” would add up fast, Moore says.

Essentially, the Democrat’s plan is more Jimmy Carter than Bill Clinton, he writes in an Op Ed for the newspaper.

(Getty Images photo)

“If the Democrats' millionaire surtax were to happen — and were added to other tax increases already enacted last year and other leading tax-hike ideas on the table this year — this could leave the U.S. with a combined federal and state top tax rate on earnings of 62 percent,” he figures.

“That's more than double the highest federal marginal rate of 28 percent when President Reagan left office in 1989. Welcome back to the 1970s.”

Read more: Stephen Moore: Democrats Want 62 Percent Tax Rate

Factory direct super sale of rechargeable batteries and chargers at 50-80% the retail price. Large selection, huge savings, and speedy service.

Nuclear False Flag Set?

The stage has been set for a nuclear false flag in America.

Many in the alternative media have wondered if a false flag nuke attack within America is a real possibility. Would they do it? Who would it be? What cities would be targeted?

Recently, The New York Times reported that the United States is running out of a rare gas that is used to detect smuggled nuclear materials.

The reason given is that one arm of the Energy Department is selling the gas much quicker than the other is able to accumulate it.

While this could possibly be a legitimate reason, it seems highly suspicious that a government that is installing a police state nationwide to supposedly save us from terrorists would be unable to obtain the gas needed to detect smuggled nuclear weapons.

Wouldn’t a nuclear attack on America be the MOST important threat to combat?


Unfortunately there is a long history of suspicious nuclear activity in the United States, with cover story after cover story being spread throughout the corporate controlled media.

At this junction in history it seems prudent to lay out some of the more ludicrous stories that have been planted into the minds of the American people.
One of the more recent nuclear cover stories was released in late March. This story was just that, a complete and utter fabrication of what Al Qaeda can actually do.
25 letters that claim nuclear bombs are hidden throughout the United States were supposedly sent to multiple investigators and citizens in the Chicago area.
More Here..

Israeli Minister says pre-emptive strike could be necessary to avert Iranian nuclear threat

Fresh Financial Crisis Around Corner

Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved.

“There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius said at the Foreign Correspondents’ Club of Japan in Tokyo today in response to a question about price swings. “Are the derivatives regulated? No. Are you still getting growth in derivatives? Yes.”

The total value of derivatives in the world exceeds total global gross domestic product by a factor of 10, said Mobius, who oversees more than $50 billion. With that volume of bets in different directions, volatility and equity market crises will occur, he said.

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War Is A Racket

WAR is a racket. It always has been.

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.

A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small "inside" group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.

In the World War a mere handful garnered the profits of the conflict. At least 21,000 new millionaires and billionaires were made in the United States during the World War. That many admitted their huge blood gains in their income tax returns. How many other war millionaires falsified their tax returns no one knows.

How many of these war millionaires shouldered a rifle? How many of them dug a trench? How many of them knew what it meant to go hungry in a rat-infested dug-out? How many of them spent sleepless, frightened nights, ducking shells and shrapnel and machine gun bullets? How many of them parried a bayonet thrust of an enemy? How many of them were wounded or killed in battle?

More Here..

Gold, Silver Becoming Legal Currency in More States

A weak dollar, mounting inflationary fears and skyrocketing gold and silver prices are prompting some states to convert precious metals into currencies.

Utah is now allowing gold and silver coins to be used as legal tender, and others may follow suit.

South Carolina lawmakers are proposing a bill that would do just that based in part on concern that present monetary policies may be undermining the national economy.

"I'm no financial expert but I am smart enough to know that you can't keep printing money when it has no backing," says Republican Rep. Mac Toole, according to WACH, the Fox News affiliate in Columbia, South Carolina.

Read more: Gold, Silver Becoming Legal Currency in More States

The U.S. Postal Service Nears Collapse

 

Why Is The Economy So Bad?

Millions of Americans have lost their homes, tens of millions of Americans can't find a decent job and 44 million Americans are on food stamps.  This is causing an increasing number of Americans to ask this question: "Why is the economy so bad?"  There are some Americans that are old enough to remember the Great Depression, but the vast majority of us have never known hard times.  All our lives we were told that America was the greatest economy on the planet and that we would always experience endless prosperity in this nation.  That was easy to believe because even though we had a recession once in a while, things always bounced back and got even better than ever.  But now something seems different.  The current economic downturn began back in 2007 and yet here we are in 2011 and there seems to be no end in sight for this economic crisis.  So what in the world is going on?  Can anyone explain why the economy is so bad?
The following are some of the kinds of questions that the American people are asking about the economy these days....
Why does it seem like it is harder to get a job today than it used to be?
Well, it is because there are far fewer jobs available and far fewer people are getting hired.  According to the U.S. Bureau of Labor Statistics, an average of about 5 million Americans were being hired every single month during 2006.  Today, an average of about 3.5 million Americans are being hired every single month.
Is there much hope that the unemployment rate will start to decline significantly?
Unfortunately there does not appear to be much reason for optimism.  Initial weekly unemployment claims have been above 400,000 for 7 weeks in a row.  The "jobs recovery" we have been promised simply is not materializing. Only 66.8% of American men had a job last year.  That was the lowest level that has ever been recorded.  At the rate we are going things are going to be about the same this year.
So where did all of the jobs go?
They are being sent overseas at a blistering pace.  The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001, and the U.S. trade deficit with China is now 27 times larger than it was back in 1990.  Amazingly, the United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
Why does it seem like nearly all of the jobs that are available right now are crappy, low paying jobs?
Well, because most of the jobs that are available are crappy, low paying jobs.  The following is a brief excerpt from a recent article posted on Tomdispatch.com.....
More Here..

There’s a Secret Patriot Act, Senator Says

Fed Gave Banks Crisis Gains on Secretive Loans Low as 0.01%

Credit Suisse Group AG, Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren’t revealed to shareholders, members of Congress or the public.

The $80 billion initiative, called single-tranche open- market operations, or ST OMO, made 28-day loans from March through December 2008, a period in which confidence in global credit markets collapsed after the Sept. 15 bankruptcy of Lehman Brothers Holdings Inc.

Units of 20 banks were required to bid at auctions for the cash. They paid interest rates as low as 0.01 percent that December, when the Fed’s main lending facility charged 0.5 percent.

“This was a pure subsidy,” said Robert A. Eisenbeis, former head of research at the Federal Reserve Bank of Atlanta and now chief monetary economist at Sarasota, Florida-based Cumberland Advisors Inc. “The Fed hasn’t been forthcoming with disclosures overall. Why should this be any different?”

More Here...

US FEDERAL RESERVE'S UNITED FEDERATION OF NORTH AMERICA NOTE READY FOR CIRCULATION

Jim Sinclair: QE3 Is Guaranteed, Odds Are For Hyperinflation

Long speculated upon in our community, the rock and the hard place has finally become a reality. An economy not accelerating at an accelerating rate is declining at an accelerating rate. The mirage of a recovery is getting harder and harder to MOPE about. It simply is not there. We are entering a declining phase that will not end in any kind of a soft landing.
Stimulation monetarily, QE, and fiscal are like controlled substances in that the real high is on the first injection. After that, each additional stimulation of an economy must be multiples of the first stimulation in ever increasing size just in order to hold the line. QE3 is guaranteed unless the powers that be want to see a depression that will make the Great Depression look like kindergarten in the pain department.
This week we saw a European Bank forced to sell their US mortgage derivatives and the loss was a shocker. These pieces of crap are not worth the digital bits they are written on. Smart money has not let this event pass their view, and know now how broke the US financial system really is. This event broke the camouflage of FASB’s selling their souls out to politics by allowing the banks to value their mortgage derivatives at any price the bank wanted on the bank’s cartoon balance sheets. The western balance sheets of their financial institutions are raging misstatements. The system is broke. This is why there is no recovery of merit but rather a statistical aberration, which was until recently only holding the line.
Here we are at that place we have anticipated for the past 45 years knowing that all the games being played had to play out at that point where super stimulation had no effect and it became totally appreciated that even many trillions of printed money will only impact the currency and not business.
The rock and the hard place is a time when the Western World is simply screwed.
The risk of not stimulating is stagflation at a spiritual level. The risk of stimulating is stagflation at a spiritual level. The risk of doing nothing is both an economic and currency collapse of biblical proportions.
This is what the three illustrations of the skier teach. Should the Fed lose control of this, which is predictable, then currency induced cost push inflation would take gold to Martin Armstrong’s $12,500.
The odds are 70/30 right now that hyperinflation occurs. That takes gold over $1650. If the odds shift then gold starts a run to balance the International Balance Sheet of the USA and will secure Martin Armstrong’s target of $12,500.
More Here..

Draconian Anti-Piracy Censorship Bill Passes Senate Committee (PROTECT-IP Act)

The controversial PROTECT IP Act unanimously passed the Senate Judiciary Committee today. When the PROTECT IP Act becomes law U.S. authorities and copyright holders will have the power to seize domains, block websites and censor search engines to prevent copyright infringements. Introduced just two weeks ago, the bill now heads over to the Senate for further consideration and another vote.
The U.S. Government continues to back legislation that opens the door to unprecedented Internet censorship.
Two weeks ago a group of U.S. senators proposed legislation to make it easier to crack down on so-called rogue websites, and today the Senate’s Judicial Committee unanimously approved the bill.
When the PROTECT IP Act becomes law the authorities can legitimately seize any domain name they deem to be facilitating copyright infringement. All that’s required to do so is a preliminary order from the court. But that’s just the start, the bill in fact provides a broad range of censorship tools.
In case a domain is not registered or controlled by a U.S. company, the authorities can also order search engines to remove the website from its search results, order ISPs to block the website, and order ad-networks and payment processors to stop providing services to the website in question.
Backers of the bill argue that the PROTECT IP Act is needed as an extension of the already controversial domain seizures. As reported previously, it is now relatively easy for a seized website to continue operating under a new non-US based domain name.
More Here..

A Frightening Satellite Tour Of America's Foreclosure Wastelands

Enter next phase of the housing crisis.
First quarter sales data released yesterday by RealtyTrac showed that foreclosure accounted for 28 percent of all sales -- the highest amount in a year.

Click here to see the worst cities >

The slow return of millions of REO homes to the market will keep home prices from recovering. RealtyTrac's James J. Saccio warns: "At the first quarter foreclosure sales pace, it would take exactly three years to clear the current inventory of 1.9 million properties already on the banks’ books, or in foreclosure."
If millions more distressed mortgages, aka the shadow inventory, enter foreclosure, then things could get even worse.
Nevertheless the number of properties in foreclosure declined in the first quarter. Foreclosure filings were reported on 681,153 properties, a 15 percent decline from the previous quarter and a 27 percent decline year-over-year.

Read more: Here

Housing Collapse to Spark Second Financial Meltdown

The housing meltdown hasn’t ended yet, and it could ultimately spark another financial crisis, says renowned bond fund manager Jeffrey Gundlach, CEO of DoubleLine Capital.

“The housing market is dropping . . . and about to go to a new low," he tells CNBC. "I think we're looking at some type of echo in the credit crisis coming up here. That's what I'm afraid of."
He notes that the S&P/Case-Shiller Home Price Index is approaching a new trough. The index measuring prices in 20 major cities dropped 3.3 percent in February from a year earlier, the biggest decline since November 2009.
More Here..

The Door is About to Shut for Americans

Anyone aware of the US Government's real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or 'honest accounting', is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per person in US Federal Government debt and obligations. Or nearly $1 million per family of four.

That does not included personal debt, state debt or municipal debt.

This debt plus an economy that has been completely hollowed out by the Federal Reserve system ensures that there is no way the US Government can ever pay off this debt. And, everyone knows it.

The indications that the US Government is moving very quickly to enact any legal measure or fine against Americans and to make it nearly impossible for any American to escape payment to pay for their sins are everywhere.

We recently commented on how It Is now Easier to Enter the US Than It Is To Leave. Customs agents and cash sniffing dogs stand on guard at most international US airports checking to make sure no one has more than $10,000 in cash without declaring it. The standard response to this is: "They are only making it difficult for criminals to move about and to transfer money".

Well, the problem is, the US Government is moving very quickly to make it so almost everyone is seen as a criminal in the eyes of the US legal system.

Now We Are All Criminals
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$500 Million Obama Administration Program Will Help Kids 'Sit Still' in Kindergarten

Eighth Grader Executed for Scaring a Cop

Pope's Pedophilia Adviser Charged With Pedophilia

Nationwide? The Massive "Linda Green" Mortgage Fraud

 (snippet)

We found those two words are saving some people from foreclosure but putting other homeowners at risk.

There's a Linda Green signature on one of Bob's mortgage documents and on one of Marie's and on all these documents from mortgages on other people's homes. 

You can see they're all the same name - but they're not written by the same person.

Hank

"So what does that mean?"

John O'Brien, Register, Southern Essex District Registry of Deeds

"It means as far as I'm concerned, they're fraudulent documents."

Hank

"So every single document that has this signature is fraudulent?"

John O'Brien, Register, Southern Essex District Registry of Deeds

"I don't think they're legit!"

These different-looking signatures can be traced back to a company in Georgia that lots of banks and mortgage companies hired to create and sign documents. 

Investigators believe different employees signed the name "Linda Green" to thousands and thousands of Massachusetts mortgage documents.

So far, the Registry of Deeds for just part of Essex County has found 22 DIFFERENT versions of Linda Green signatures on paperwork from 33 DIFFERENT banks and mortgage companies.

If one of those phony signatures is on your mortgage paperwork - it puts the ownership of your house in question.

Read more: Here..

U.S. Dollar Could 'collapse': UN

The United Nations warned on Wednesday of a possible crisis of confidence in, and even a “collapse” of, the U.S. dollar if its value against other currencies continued to decline.
In a mid-year review of the world economy, the UN economic division said such a development, stemming from the falling value of foreign dollar holdings, would imperil the global financial system.
The report, an update of the UN “World Economic Situation and Prospects 2011” report first issued in December, noted that the dollar exchange rate against a basket of other key currencies had reached its lowest level since the 1970s.
This trend, it said, had recently been driven in part by interest rate differentials between the United States and other major economies and growing concern about the sustainability of the U.S. public debt, half of which is held by foreigners.
“As a result, further (expected) losses of the book value of the vast foreign reserve holdings could trigger a crisis of confidence in the reserve currency, which would put the entire global financial system at risk,” it said.
The 17-page report referred at another point to the “still looming risk of a collapse of the United States dollar.”

Read it on Global News: U.S. dollar could 'collapse': UN

Gulf oil spill effects may be seen in diseased fish

 

Ron Paul Warns Of Dictatorship

The last nail is being driven into the coffin of the American Republic. Yet, Congress remains in total denial as our liberties are rapidly fading before our eyes. The process is propelled by unwarranted fear and ignorance as to the true m…eaning of liberty. It is driven by economic myths, fallacies and irrational good intentions. The rule of law is constantly rejected and authoritarian answers are offered as panaceas for all our problems. Runaway welfarism is used to benefit the rich at the expense of the middle class. Who would have ever thought that the current generation and Congress would stand idly by and watch such a rapid disintegration of the American Republic? Characteristic of this epic event is the casual acceptance by the people and political leaders of the unitary presidency, which is equivalent to granting dictatorial powers to the President.
Our Presidents can now, on their own:
1. Order assassinations, including American citizens,
2. Operate secret military tribunals,
3. Engage in torture,
4. Enforce indefinite imprisonment without due process,
5. Order searches and seizures without proper warrants, gutting the 4th Amendment,
6. Ignore the 60 day rule for reporting to the Congress the nature of any military operations as required by the War Power Resolution,
7. Continue the Patriot Act abuses without oversight,
8. Wage war at will,
9. Treat all Americans as suspected terrorists at airports with TSA groping and nude x-raying.
And the Federal Reserve accommodates by counterfeiting the funds needed and not paid for by taxation and borrowing, permitting runaway spending, endless debt, and special interest bail-outs.
More Here..

Operator Of The World's Largest Oil Tanker Fleet Gives Up On The Global Recovery 


Highest Cesium-137 Level in Nearly a Month for N. California Raw Milk


If the U.S. national debt (more than 14 trillion dollars) was reduced to a stack of 5 dollar bills, it would reach three quarters of the way to the moon.  The U.S. government borrows about 168 million dollars every single hour.  If Bill Gates gave every penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.  So how in the world can our politicians tell us that everything is going to be okay?  
-Michael Snyder

It's All A Lie..And You Bought It

Above is a great video that deserves to go viral about how we buy the lie. It is vital to the Elite’s paradigm  that we are continuously distracted or scared. This is so that we never see the REAL cause of our problems, the Elite that own and control our paradigm. The Elite will create any lie or enemy necessary to fool us into thinking the REAL enemy is Brand X. The reality is that there is no bigger threat to our way of life and freedom than our banking system and the families that own it.

• We were sold on cavemen pulling off 9/11.
• We were sold on that Saddam had yellow cake uranium, mushroom clouds, and al CIAda in Iraq.
• We were sold on man made Climate Change.
• We were sold on $700 billion dollar banker bailouts and “too big to fails.”

All of these were distractions to get more money to keep this Quadrillion Empire of Lies to keep afloat. We have a debt based monetary system that MUST create more debt every year in excess of the debt AND interest accrued the year before. Without out new debt, the system would collapse in a deflationary deflation that would make the Hindenburg look like a child’s toy.

So how do the Elite encourage more debt? They start by getting people to go into debt in their personal lives, buying things that they can never afford otherwise and create social pressure for them to be good little consumers. This then creates demand of the consumer society that now corporations take on more debt to meet this growing new phenomenon. Given the fortuitous timing of having the largest generation America has ever had suckered into this dream, is even better for the Elite. Finally, with all of this growth of money/debt, governments spend much more on promises, to get more power, to spend more money. All the while, the banksters create more and more money/debt out of thin air.

More Here..

Are China's Factories Running Out of Power? 

IMF CHIEF HELD HOSTAGE BY THE US GOVERNMENT

SPG Supplement: Is Farmland A Smart Hedge Against Inflation?

We’ve Just Breached the Debt Ceiling… Next Comes the Default

While Barack Obama is chugging Guinness and Congress is doing… well not much of anything, we’ve breached the US debt ceiling.

That’s correct, the US now has more debt than is legally permitted. We’d crossed the “more debt than is healthy” as well as the “more debt than is sane” levels long ago. However, it wasn’t until the last few weeks that we cleared the legal debt limit.

You’d think that the world’s largest economy (and home of the world’s reserve currency) exceeding its debt limits would be big time news. But we’ve yet to hear a peep about it from the mainstream financial media.

It’s even stranger that we haven’t heard mention of the fact that the US is in fact RAIDING pension funds to continue to fund its debt.

That’s correct, Tim Geithner, who aside from being a tax dodger has managed to make US Treasuries (formerly the ONLY risk-free investment in the world) so unattractive to foreign investors that he is now using money that was promised to retirees to fund his debt orgy.

Let’s think about this for a moment… US Treasuries are so unattractive that investors no longer want to buy them… so we’re using money promised to those who worked… to buy them.

Simply staggering.

More Here..

Things Are Spinning Out of Control Bankrupt nations try to stop the future from happening, fail

The Reason Why Libya Was Invaded: THE DOLLAR

Silver…Still Precious

We buy gold and silver as a way to protect ourselves from the TEOMSAWKI (The End Of The Monetary System As We Know It) to come.
We live in a literal financial house of cards. It is all paper. That house of cards has been in the process of collapsing since 2008. Astute market participants realize this and are buying bullion, one of the only financial assets with no counterparty risk, as a way to protect themselves from the coming storm.
Silver has more than doubled since Ben Bernanke began his high level terrorist attacks against the US dollar with “Quantitative Easing II,” announced in August of last year. Silver jumped from $18 to nearly $50.
The rise in gold and silver was likely making Bernanke feel a bit uncomfortable about his “there is no inflation” story and a phone call was likely put into the COMEX. Five margin increases in rapid succession later, and the COMEX had increased initial margin requirements by a substantial 84%.
Therefore, anyone who had purchased silver futures using leverage was forced to pony up a lot more cash to maintain the position…or sell out. Since many participants lacked the necessary cash, they were forced to immediately sell their silver futures. The result was a drop in silver futures prices from near $49 to below $34 in a matter of days.
This volatile rise and fall in silver has most of the world saying that silver was in a bubble and now that bubble has popped. Those who say this don’t know what a bubble is.
If you look at the silver price in US dollar terms, its recent spike does look quite parabolic, or bubble-like. However, in the context of a longer-term timeframe, silver’s recent run-up doesn’t seem bubble-like at all.
Check out the chart below, which details the price increase of various items since 1980. Can you spot which one of these items is in a bubble? Hint: It is not silver!

Read more: Here..

Click Here: Invest In Silver Today!

What Happens When Greece Defaults

It is when, not if. Financial markets merely aren’t sure whether it’ll be tomorrow, a month’s time, a year’s time, or two years’ time (it won’t be longer than that). Given that the ECB has played the “final card” it employed to force a bailout upon the Irish – threatening to bankrupt the country’s banking sector – presumably we will now see either another Greek bailout or default within days.
What happens when Greece defaults. Here are a few things:
- Every bank in Greece will instantly go insolvent.
- The Greek government will nationalise every bank in Greece.
- The Greek government will forbid withdrawals from Greek banks.
- To prevent Greek depositors from rioting on the streets, Argentina-2002-style (when the Argentinian president had to flee by helicopter from the roof of the presidential palace to evade a mob of such depositors), the Greek government will declare a curfew, perhaps even general martial law.
- Greece will redenominate all its debts into “New Drachmas” or whatever it calls the new currency (this is a classic ploy of countries defaulting)
- The New Drachma will devalue by some 30-70 per cent (probably around 50 per cent, though perhaps more), effectively defaulting 0n 50 per cent or more of all Greek euro-denominated debts.
- The Irish will, within a few days, walk away from the debts of its banking system.
- The Portuguese government will wait to see whether there is chaos in Greece before deciding whether to default in turn.
- A number of French and German banks will make sufficient losses that they no longer meet regulatory capital adequacy requirements.
More Here..

QE2 Has Created a Massive New Bubble

40,000 Prisoners To Be Released In CALIFORNIA 

 

Feds to Mandate Black Box on all New Cars

Alan Greenspan Admits To Big Ponzi Scheme

I remember watching Alan Greenspan testify to the Senate Banking Committee in 2005 and my mouth hit the floor when I heard it. I have been looking of this clip for years, and could never find it. A friend finally sent it to me and I posted it to my YouTube channel and below in this article. I was just starting my Awakening process in 2005 and this was one of those thunderbolts that really sped up my awareness.

Senator Reed asked the sitting Federal Reserve Chairman Alan Greenspan if he still believed that we should maintain the fundamental principles of Social Security?

“I believe that we should maintain the principles of Social Security, but I think the existing structure is not working. Until we construct a system that creates the savings that are required to build the REAL assets, so that the retirees have REAL goods and services. We don’t have a system that is working. We have one that basically moves cash around and we can guarantee cash benefits as far out and whatever size you like, but we cannot guarantee their purchasing power. Do we have the material goods and services that people will need to consume, not whether or not we pass some hurdle with respect to how legal financing occurs. Financing is a secondary issue and it is a means to create the REAL wealth, not an end into itself.” -Alan Greenspan 2005

More Here.

White House To Censor The Web

The White House is stepping up its rapid response media operation, creating a communications position to respond to unfavorable stories on the Web, the Huffington Post reports.
HuffPo’s Sam Stein writes that Jesse Lee, a member of the Obama administration’s new media department, will take on a new role in replying — at times aggressively — to stories that paint the administration in a bad light.
In a preview of what his duties may be, Lee blasted Fox News commentator Glenn Beck in a White House blog post, accusing Beck of lying and engaging in a “partisan attack to boost ratings.”
“This week, Jesse Lee will move from the new media department into a role in the communications department as Director of Progressive Media & Online Response,” said Communications Director Dan Pfeiffer in an internal memo obtained by the Huffington Post.
“For the last two years, Jesse has often worn two hats working in new media and serving as the White House’s liaison with the progressive media and online community,” the memo read. “Starting this week, Jesse will take on the second role full time working on outreach, strategy and response.”
More Here..

	QE3 Has Already Started Operator of Japan nuclear plant confirms meltdowns of 2 more reactors

US Worse Off Financially Than Euro Nations

The US is spending $4 billion a day more than it is taking in, putting the country on an unsustainable fiscal path perpetuated by both Democrats and Republicans, according to David Walker, head of the Comeback America Initiative.

Solving America's problems will require a combination weighted toward spending reductions but one that also will require spreading the taxation burden around more evenly, said Walker, the former US comptroller general.

"We're not growing enough and we're not going to grow our way out of this problem," he said in a CNBC interview. "We would have to have double-digit real GDP growth for decades to grow our way out of this hole."

Walker's organization promotes fiscal stability and is warning that the US is trailing many other developed nations in terms of getting its fiscal policies in order. Comeback America is a conservative think tank funded mostly through a grant from the Peter G. Peterson Foundation, named for the founder the Blackstone Group private equity firm.

In fact, according to an index that Comeback America developed, the US is in worse shape from a fiscal standpoint than debt-plagued nations such as Italy or Spain, he said.

More Here..

TSA to Oversee Search and Grope at Santa Fe High School Prom 

Utah Legalizes Gold, Silver Coins As Currency 


10 Indications The United States Is A Dictatorship

Supreme Court orders California to release tens of thousands of prison inmates

The End of Europe Is Nigh

That’s basically how one can summarize the situation in Europe. Several (South) European countries are on the brink of collapse. Greece is as near bankruptcy as can be. At the same time, Western and Northern Europeans are becoming increasingly disturbed by the irresponsible behavior of the Greek, and of other nations.
Other nations, you ask?
Why yes. You see, Spain is almost in a state of civil war.* Spanish youth have been protesting announced economic reforms for some time now, because once again they are the ones who have to bear the grunt of the government cuts. This while the unemployment rate among the youth is up to 40% (or more).
Meanwhile, the ones actually responsible for Spain’s economic mess – the middle-aged and the elderly – are not asked to make any significant sacrifices.
If I were a Spaniard, I wouldn’t quite accept that either.
Having said that, reforms are desperately needed. If the Spanish continue living the way they’ve lived for decades, they’re doomed – and so will the rest of the European Union. After all, Europe’s economies are interconnected. If Spain falls, the Euro suffers a major blow. And if the Euro suffers a major blow, the other Euro-countries are in deep trouble indeed.
More Here..

PETITION: Reinstate EPA Ongoing Testing For Radiation from Fukushima

• Target: President Barack Obama, United States Congress Members, Administrators of the EPA
• Sponsored by: Concerned Citizens - Lucas Whitefield Hixson

As Tokyo Electric Power Company (TEPCO) and the Japanese Government release new information, many experts in the United States and around the globe are concerned about the potential of increased radiation exposure in American air, food, and water.

• In April 2011, radioactive isotopes were found in the breast milk of mothers in Tokyo, over 250 km away from the nuclear power plants at Fukushima Daiichi.  
• Many new reports also show increased levels of Cesium, Plutonium, and other fission products in the soil, food, and drinking water in Japan, as far as 400 km from their point of origin.  

This data verifies the risk of bioaccumulation of radioactive isotopes -- not only in the air, but also in the food chain; not only to those in Japan, but in the United States and other countries in the northern hemisphere.

SIGN HERE...

Default: JP Morgan’s Warns U.S. Government

Failure by the U.S. to get its fiscal house in order will trigger financial consequences that will “dwarf Lehman Brothers” and seriously diminish the nation’s role as a world economic leader, Jamie Dimon told a Denver audience Thursday night.
The CEO and chairman of JPMorgan Chase, whom The New York Times dubbed “the nation’s least hated Wall Street banker,” said political talk about not raising the U.S. debt ceiling could trigger a default on the nation’s financial obligations. He said that would constitute a “moral disaster” that will be nearly impossible for the U.S. to recover from.
“Things are going to happen that are not going to be pretty,“ Dimon said during a wide-ranging question-and-answer session at the University of Colorado Denver School of Business’ “Celebration of Success” dinner.
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Tucson SWAT team defends shooting Iraq War vet Marine 60 times

A Tucson, Ariz., SWAT team defends shooting an Iraq War veteran 60 times during a drug raid, although it declines to say whether it found any drugs in the house and has had to retract its claim that the veteran shot first.

And the Pima County sheriff scolded the media for "questioning the legality" of the shooting.

Jose Guerena, 26, died the morning of May 5. He was asleep in his Tucson home after working a night shift at the Asarco copper mine when his wife, Vanessa, saw the armed SWAT team outside her youngest son's bedroom window.

"She saw a man pointing at her with a gun," said Reyna Ortiz, 29, a relative who is caring for Vanessa and her children. Ortiz said Vanessa Guerena yelled, "Don't shoot! I have a baby!"

Vanessa Guerena thought the gunman might be part of a home invasion -- especially because two members of her sister-in-law's family, Cynthia and Manny Orozco, were killed last year in their Tucson home, her lawyer, Chris Scileppi, said. She shouted for her husband in the next room, and he woke up and told his wife to hide in the closet with the child, Joel, 4.

Guerena grabbed his assault rifle and was pointing it at the SWAT team, which was trying to serve a narcotics search warrant as part of a multi-house drug crackdown, when the team broke down the door. At first the Pima County Sheriff's Office said that Guerena fired first, but on Wednesday officials backtracked and said he had not. "The safety was on and he could not fire," according to the sheriff's statement.

SWAT team members fired 71 times and hit Guerena 60 times, police said.

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Egypt On The Brink Of Starvation And Bankruptcy

Egypt is running out of food, and, more gradually, running out of money with which to buy it. The most populous country in the Arab world shows all the symptoms of national bankruptcy - the kind that produced hyperinflation in several Latin American countries during the 1970s and 1980s - with a deadly difference: Egypt imports half its wheat, and the collapse of its external credit means starvation.

The civil violence we have seen over the past few days foreshadows far worse to come.

The Arab uprisings began against a background of food insecurity, as rising demand from Asia priced the Arab poor out of the grain..
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US Government: We Have The Right To Lie In Court

"The Court found the Govt, and Mr. Hardy specifically (Hardy Har Har is a CIA Agent) to have PROVIDED FALSE AND MISLEADING statements to the Court through SWORN STATEMENTS. When the DECEPTION WAS REVEALED, THE GOVT ARGUED THAT IT HAD AUTHORITY TO MISLEAD THE COURT..."
PDF Link Here..

Barney Frank: U.S. Government Default Likely

U.S. Rep. Barney Frank(D-Newton) says America might have to default on its bills for the first time ever because Democrats and Republicans can’t agree to raise the government’s $14.3 trillion debt ceiling.
“I’m pessimistic about anything reasonable (winning congressional approval) in the near term,” Frank, the ranking Democrat on the House Financial Services Committee, told the New England Council in a Boston speech today. “It may be that we’re going to have to see some failure to raise the debt limit and some temporary hiatus in our ability to pay our bills (for lawmakers to act).”
The U.S. government officially hit its congressionally mandated debt ceiling on Monday when the nation’s red ink reached $14.3 trillion.Uncle Sam only avoided defaulting on his debts because U.S. Treasury Secretary Timothy Geithner used accounting tricks to keep the government solvent until Aug. 2.
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Zimbabwe May Sell Diamonds to Launch Gold-backed Currency

All Around The World, People Are Screaming For DEFAULT

The fact that people in Spain are chanting about wanting to be more like Iceland emphasizes something profound that's happening all around the world.
At all levels, people are talking about now wanting to pay their debts. People want bondholders haircutted in Ireland, the Greeks want to screw the banks, and yes... even in the United States of America, where debt costs are anything but onerous, there are politicians who think that a default and a crisis would be a good thing for the country.

Read more: HERE..

Texas Politicians Knew Agency Hid The Amount of Radiation in Drinking Water 

Supreme Court OKs Warrantless Searches

The Supreme Court on Monday gave police more leeway to break into homes or apartments in search of illegal drugs when they suspect the evidence might be destroyed.
The justices said officers who smell marijuana and loudly knock on the door may break in if they hear sounds that suggest the residents are scurrying to hide the drugs.
Residents who "attempt to destroy evidence have only themselves to blame" when police burst in, Justice Samuel Alito said for an 8-1 majority.
In dissent, Justice Ruth Bader Ginsburg wrote that she feared the ruling in a Kentucky case had handed the police an important new tool.
"The court today arms the police with a way routinely to dishonor the Fourth Amendment's warrant requirement in drug cases," Ginsburg wrote. "In lieu of presenting their evidence to a neutral magistrate, police officers may now knock, listen, then break the door down, never mind that they had ample time to obtain a warrant."
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Was Dominique Strauss Setup?

(snippet)
So, Strauss-Kahn finds himself in the same crowd as Saddam Hussein and Libyan leader Muammar Gaddafi, right? You may recall that Saddam switched  from dollars to euros about a year before the war. 12 months later Iraq was invaded, Saddam was hanged, and the dollar was restored to power.  Gaddafi made a similar mistake when "he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar." ("Libya: All About Oil, or All About Central Banking?" Ellen Brown, Op-Ed News)  Libya has since come under attack by US and NATO forces which have armed a motley group of dissidents, malcontents and terrorists to depose Gaddafi and reimpose dollar hegemony.

And now it's Strauss-Kahn's turn to get torn to shreds. And for good reason. After all, DSK actually poses a much greater threat to the dollar than either Saddam or Gaddafi because he's in the perfect position to shape policy and to persuade foreign heads of state that replacing the dollar is in their best interests. And that is precisely what he was doing; badmouthing the buck. Only he was too dense to figure out that the dollar is the US Mafia's mealticket, the main way that shifty banksters and corporate scalawags extort tribute from the poorest people on earth. Strauss-Kahn was rocking the boat, and now he's going to pay.

Here's a clip from CNN Money:  

  "The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system....SDRs represent potential claims on the currencies of IMF members.....The IMF typically lends countries funds denominated in SDRs. While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

"Over time, there may also be a role for the SDR to contribute to a more stable international monetary system," he said.

The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.

In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks' dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs." ("IMF discusses dollar alternative", CNN Money)

Wow. So DSK was zeroing in on US Treasuries as well as the dollar? That's the whole shooting match.


So, what type of progress was he making in converting USDs to SDRs? According to Reuters: "The IMF general resources credit outstanding increased to 65.5 billion Special Drawing Rights, or SDRs, ($104 billion) on May 12 from 6.0 billion SDRs at December 2007. The so-called new arrangement to borrow, which came into effect on April 1, increased the IMF's available lending resources to 269 billion SDRs on May 12 from 120 billion SDRs on March 31." (http://in.reuters.com/article/2011/05/17/idINIndia-57083920110517?type=economicNews)

Not a bad start for such an ambitious project. It looks like DSK's dream of dethroning the dollar as the de facto "international currency" was beginning to gain momentum.  But didn't he know that his actions would anger some very powerful and well-connected people?

Well, if he did; he never let on. In fact, he started mucking around in other stuff, too, like when he intervened on behalf of Irish taxpayers, trying to protect them at the expense of foreign bondholders. That's a big "No no" in banker's world. They keep a list of "people who count", and taxpayers are not on that list. Here's an excerpt from the Irish Times:
More Here..

Central Banks Snap Up Gold in First Quarter

Demand from central banks for gold surged in the first quarter and the fear factor will support prices, according to the World Gold Council.

Investment demand will continue to be driven by “uncertainty over the US economy and the dollar, ongoing European sovereign debt concerns, global inflationary pressures and continued tensions in the Middle East and North Africa” said the group's managing director in an interview with CNBC on Thursday.

Demand from China and India has been healthy according to Marcus Grubb, who said central banks continue to add to their reserves.

"Central bank purchases jumped to 129 tons in the quarter, exceeding the combined total of net purchases during the first three quarters of 2010," he said

More Here..


Invest In Silver Today!

Obama Birth Certificate Shirts on Sale

Are You a Sheeple? Take the Sheeple Quiz and Find Out

Have you herd about the Sheeple Quiz? Although most NaturalNews readers will easily beat it, it's a fun quiz to find out how smart (or gullible) your friends really are. So let 'em take the Sheeple Quiz! And then you'll know whether they're independent thinkers or just zombie-minded sheeple like the rest of the flock.

Here's the quiz. Choose "A" or "B" as the answer for each question, then check your score below.

The Sheeple Quiz

#1) The purpose of the mainstream media is to:

A) Keep you informed.
B) Feed you misinformation while keeping you distracted from the real issues our world is facing.

#2) Social Security is:

A) A financial safety net that makes sure people have a retirement income.
B) A government-run Ponzi scheme that requires more and more people to keep paying in just to stay afloat and will ultimately collapse into total bankruptcy.

#3) The fluoride dripped into municipal water supplies is:

A) A naturally-occurring mineral.
B) An industrial chemical waste byproduct.

#4) When you donate money to find the cure for cancer, that money goes:

A) To fund research programs that assess actual cancer cures for the purpose of freely sharing them with the public.
B) To fund mammogram campaigns that actually irradiate women's breasts, causing the very cancers that earn huge profits for the cancer treatment industry.

#5) The national debt is:

A) Under control and will be paid off in a few years.
B) Out of control and will spiral into a runaway debt collapse.

#6) GMOs will:

A) Feed the world and prevent starvation.
B) Threaten the future of life on our planet through genetic contamination and widespread crop failures.

#7) The FDA protects:

A) The people from dangerous medicines.
B) The financial interests of the drug companies.

#8) The EPA's real agenda is to:

A) Protect the environment.
B) Protect the financial interests of the chemical companies whose toxic products destroy the environment.

#9) The Federal Reserve functions to:

A) Stabilize the economy and keep America strong.
B) Loot the economy and control America's economy for the interests of the few.

#10) The purpose of TSA checkpoints at airports is to:

A) Keep air passengers safe and secure.
B) Indoctrinate Americans into surrendering to police state invasions of their privacy.

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China The Video Game Enemy Now…

and our real enemy in the future?

I stated on Jan 1st in Doom is Always 6 Months Away, that I believe that our psychopathic Elite will blame China for the collapse of the dollar. It did not take long for Donald Trump to float that trial balloon that China is, “our enemy.” I pointed out that the real enemy is not China, Saudi Arabia or any other foreign nation. These countries would have been 3rd world stink holes if not for our Elite building them up, while stripping us down.

The Elite created the Petro Dollar.
The Elite defend the tyrannical regimes in the Middle East.
The Elite gave China most favored trade nation status.
The Elite shipped our manufacturing over there to use their slave labor and no environmental standards.
The Elite created the debt that they are buying.
The Elite are solely responsible for the debt and wars that plague our country.

The Elite will never take responsibility for their actions, like true Psychopaths. They will instead blame everyone else in the world for their/our problems. Ultimately, I believe that they will blame China for the collapse of the American Dollar. They could pull a economic false flag and blame China for a crash in the bond market. They could pull a military false flag by sinking an Aircraft carrier in the Pacific. Some way, some how, the Elite are going to make a move to turn the tides for global power back to the West.

China has been very wise not to directly confront the West. China has a very bad history of nations raping China for all of their wealth like the Opium Wars and the Rape of Nanking. China has instead chose to move slowly and surely to ensure victory without firing a single shot. This is the land of Sun Tzu after all. They have accumulated massive dollar reserves, copied our technology and manufacturing. With the opening of the new Hong Kong Mercantile Exchange they are taking the next major step of cutting into the heart of the Anglo American Empire, the dollar stranglehold on the world’s commodities. This will not sit well with the Western Elite and will not go unchallenged.
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Is the Gold/Copper Ratio Predicting A Drop In the S&P? 

20 Signs That A Horrific Global Food Crisis Is Coming

In case you haven't noticed, the world is on the verge of a horrific global food crisis.  At some point, this crisis will affect you and your family.  It may not be today, and it may not be tomorrow, but it is going to happen.  Crazy weather and horrifying natural disasters have played havoc with agricultural production in many areas of the globe over the past couple of years.  Meanwhile, the price of oil has begun to skyrocket.  The entire global economy is predicated on the ability to use massive amounts of inexpensive oil to cheaply produce food and other goods and transport them over vast distances.  Without cheap oil the whole game changes.  Topsoil is being depleted at a staggering rate and key aquifers all over the world are being drained at an alarming pace.  Global food prices are already at an all-time high and they continue to move up aggressively.  So what is going to happen to our world when hundreds of millions more people cannot afford to feed themselves?
Most Americans are so accustomed to supermarkets that are absolutely packed to the gills with massive amounts of really inexpensive food that they cannot even imagine that life could be any other way.  Unfortunately, that era is ending.
There are all kinds of indications that we are now entering a time when there will not be nearly enough food for everyone in the world.  As competition for food supplies increases, food prices are going to go up.  In fact, at some point they are going to go way up.
Let's look at some of the key reasons why an increasing number of people believe that a massive food crisis is on the horizon.
The following are 20 signs that a horrific global food crisis is coming....
#1 According to the World Bank, 44 million people around the globe have been pushed into extreme poverty since last June because of rising food prices.
#2 The world is losing topsoil at an astounding rate.  In fact, according to Lester Brown, "one third of the world's cropland is losing topsoil faster than new soil is forming through natural processes".
#3 Due to U.S. ethanol subsidies, almost a third of all corn grown in the United States is now used for fuel.  This is putting a lot of stress on the price of corn.
More Here..

40 Signs The USA Is At The Brink of Economic Collapse

 

Collapse Of The Dollar: Gold To $6500 And Silver To $600

Get ready. We are now entering the final stages in the collapse of the U.S. dollar...
And it's not going to be pretty.
The massive increases in money supplies will tank the value of the dollar and erode the very fabric of America's economic security.
As a result, gold and silver prices are will no doubt skyrocket, despite the short-term major volatility we've recently seen.
Many investors have been rushing to me asking if it's too late to buy precious metals with gold in the $1,500/oz range and recently spiking to nearly $50/oz. I keep telling them the same thing...
Despite whatever the price of gold or silver is today, both metals will be worth more than twice as much within 12 months.
That means $3,000 gold this time next year! After that, I think gold could break $6,500 an ounce.
And as you know, silver's gains will be much greater. When the bull market is all said and done, there's no doubt we could be looking at silver prices exceeding $600 an ounce.
And we can all thank the crooks in D.C. for it...
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Richard Koo Explains Why An Unwind Of QE2, With Nothing To Replace It, Could Lead To The Biggest Depression Yet

MATT TAIBBI: Goldman Sachs Executives Lied To Their Customers And Congress

Matt Taibbi, the Rolling Stone writer who labeled Goldman Sachs a "vampire squid" in one of the defining stories of the financial collapse, has written another article on the Wall Street firm.
This one is potentially more devastating.
Taibbi argues that Goldman Sachs executives lied when they testified in front of Congress in the aftermath of the crisis. Unlike other commentators who grouse about how Wall Street execs should be tossed in jail, Taibbi actually provides specifics. He takes quotes from some of the Goldman execs who testified, including CEO Lloyd Blankfein and CFO David Viniar, and then juxtaposes them with what he believes to be the truth at the time.
And at least as Taibbi tells it, the statements do appear to be misleading, if not outright false.
One of the biggest frustrations most people have about the financial crisis is that no one has yet been held accountable for it. In prior crashes--the S&L collapse, the 1987 crash, the dotcom bubble--prosecutors had a field day parading villains in front of TV cameras. And yet, this time, despite the financial crisis ushering in the worst recession since the Great Depression, no big shots have gone to jail.
Taibbi vents about this. He also observes that prosecutors have just brought massive, high-profile perjury cases against athletes like Roger Clemens and Barry Bonds, but apparently can't or won't do the same with Wall Street executives.
One explanation for this, of course, is that prosecutors don't think the Wall Street execs are guilty of anything. But Taibbi thinks the explanation is more insidious: An institutionalized double-standard, stemming from the fact that many prosecutors and regulators someday hope to work at Wall Street firms like Goldman Sachs.
More Here