Even Bernanke admits this could be worse than the Great Depression

30/07/2009 § Leave a comment

 

Ben Bernanke said 3 days ago:

A lot of things happened, a lot came together, [and] created probably the worst financial crisis, certainly since the Great Depression and possibly even including the Great Depression.

Even Bernanke admits this could be worse than the Great Depression.

Washington’s Blog

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Prof. Gates’ Unconstitutional Arrest

29/07/2009 § Leave a comment

 

In fact, if one accepts Crowley’s claim that he dished out to Gates equal treatment under the law, this case stands as a dire warning to all citizens as to the dangers inherent in exercising one’s constitutional right to free speech when in an exchange with a police officer…

Had Professor Gates and his lawyers raised a First Amendment defense, the defendant almost certainly would have prevailed–if not at the trial court level, then in the appellate courts–and the scope of the "disorderly persons" statute would have been severely limited in all future citizen-police confrontations. The future use of handcuffs to penalize a citizen mouthing-off against official authority would have been, at long last, curtailed.

Indeed. As Bill Maher eloquently stated its a cop problem. Crowley was dissatisfied with the lack of ‘deference’ displayed by Gates. To put it the way Maher did: Gates was arrested for failure to kiss Crowley’s ass.

I hope Gates gets a very good lawyer and sues Crowley and the Cambridge PD into perpetuity!

That said, as my grandfather used to say: Fighting with a cop is allot like fighting with a pig. You get covered in shit and the pig likes it!

Prof. Gates’ Unconstitutional Arrest – Forbes.com

Evil Syndicated

29/07/2009 § Leave a comment

 

President Obama looks increasingly like a dupe, a tool, or a co-conspirator of Goldman Sachs.  If he doesn’t instruct the Justice Department to commence investigations of the company, and if he doesn’t dissociate himself from their alumni hanging around the White House, the Treasury Department, and elsewhere in the government, he’s going to become the object of an awful public wrath.  Obama has no other choice at this point except to clean house – to fire Larry Summers, Robert Rubin, Tim Geithner, and all other former Goldman Sachs employees in positions of power and influence around him.

Evil Syndicated – Clusterfuck Nation

Cash Out Refinance Loans

27/07/2009 § Leave a comment

 

You may be able to borrow more than it takes to pay off your existing auto loan with a cash out refinance loan.

In fact, Wells Fargo Financial is one of the few lenders that will refinance a vehicle for more than its current value. That means access to cash over and above the value of the new cash out refinance auto loan.

These Bankster scumbags have no shame. None at all. Guillotines!

Cash Out Refinance Loans | Wells Fargo Auto Loans

IT AIN’T OVER UNTIL THE JOBS COME BACK — PERIOD!

27/07/2009 § Leave a comment

 

So I’m watching these talking heads on CNBC telling America that the signs of a recovery are there.  They are lying and not just merely misled.  They are flat lying, hoping some suckers out there will start making purchases to jump-start America’s consumer-driven engine, and to a small degree it is working.  All I can tell you is this:  When your money is spent, it is GONE, okay?

IT AIN’T OVER UNTIL THE JOBS COME BACK — PERIOD! >> Four Winds 10 – fourwinds10.com

World Prepares to Dump the Dollar

24/07/2009 § Leave a comment

 

Back in May, Masaharu Nakagawa, the chief finance spokesman for the opposition, told the bbc that he was worried about the future value of the dollar. He said that if his party were elected in the upcoming national elections, Japan would refuse to purchase any more U.S. treasuries unless they were denominated in Japanese yen instead of dollars.

Such a decision could break the U.S. dollar bond market.

Japan is America’s second-most important creditor nation—lending the U.S. billions of dollars each year. If Japan won’t lend unless America pays it back in yen, then China and other major lenders may quickly follow suit. This would eliminate America’s ability to use inflation to cheat on its debt payments. America’s debt burden would soar, interest rates would jump, and national default—Argentina-style—could be staring America in the face within months instead of years.

America’s leaders seem blind to the looming dollar revolt. Global economies are in crisis. Unemployment rolls are soaring. People want answers and solutions. The jobless will demand action, and culpable politicians will look for scapegoats and distractions. The first step, blaming the U.S. and its currency for the global recession, has already begun.

A new global currency—and leveraging it to knock the U.S. down—will be the solution.

The highly trained economic theorists who keep telling us that foreigners can’t afford to stop supporting the U.S. are about to get reeducated at Reality U.

World Prepares to Dump the Dollar | Columns | theTrumpet.com

HOLY !@#!! Treasury Auction Schedule

24/07/2009 § Leave a comment

 

That’s two hundred thirty-five billion dollars over the next week!

Almost one quarter of a trillion…….

That money has to come out of somewhere, by the way, in order for the sale to succeed, which is going to get rather interesting at some point – but exactly where it matters is impossible to know.

This is flat-out insane.  At this run rate we would be trying to sell twelve trillion dollars over one year’s time, an obviously ridiculous and impossible-to-peddle amount of debt at any price.

When does the rest of the world wake up (not to mention the primary dealers) and say "NO!"?  Never?  Is there a truly insatiable demand for our government’s debt, despite the fact that President Obama got up on the national stage last night and promised to spend another trillion dollars we don’t have?

Folks, this is how you get detonation of a nation’s monetary and political system.  Timing the "event" it is not easy, but the certainty of outcome given this sort of outrageously irresponsible activity is not in doubt.

 

HOLY !@#!! Treasury Auction Schedule – The Market Ticker

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