‘Death of American Capitalism:’ The 10 final scenes

By Paul B. Farrell, MarketWatch ARROYO GRANDE, Calif. (MarketWatch) — Good news, Americans are “downbeat about today. Upbeat about tomorrow,” says the latest USA Today/Gallup Poll. “Americans feel battered by hard times, record home foreclosures, stubbornly high unemployment rates and war.” And yes, we are “fed up with Washington and convinced more than 3 to [...]

Happiness in Slavery – REVOLT OF THE PLEBS

By Keith Johnson Don’t open your eyes You won’t like what you see The blind have been blessed with security Don’t open your eyes Take it from me I have found you can find Happiness in slavery Nine Inch Nails-Happiness in Slavery Think you’re free? Think again, slave! This week the Federal government will attempt [...]

Former Bank of America CEO Ken Lewis Charged with Fraud; It’s Only a Start

Written by: Michael Shedlock On April 24, I wrote Let the Criminal Indictments Begin: Paulson, Bernanke, Lewis. You will be pleased to read Ex-BofA chief Lewis charged with fraud. New York Attorney General Andrew Cuomo said Thursday it was bringing civil charges against senior Bank of America (BAC) executives, including former company CEO Ken Lewis, [...]

Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi

Is The U.S. Economy Being Tanked By Mistake or By Intent? by Bill Sardi Recently by Bill Sardi: Who Is Left Holding the Bag on US Debt? The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions. Should American bankers be [...]

YAHOO: Preparing for the Worst

by Robert Kiyosak Posted on Monday, August 24, 2009, 12:00AM “Is the crisis over?” is a question I am often asked. “Is the economy coming back?”My reply is, “I don’t think so. I would prepare for the worst.” Like most people, I wish for a better future for all of us. Life is better when people [...]

REUTERS: U.S. banks to make $38 billion from overdraft fees: report

(Reuters) – Banks in the United States are poised to make $38.5 billion in customer overdraft fees this year, the Financial Times said, citing research by Moebs Services. A large portion of the revenue is likely to come from the most financially stretched consumers, according to the paper. It said the research showed that many [...]

Letter Re: Wealth Destruction–Real Wealth or Just On-Paper Wealth?

Conversation Thread taken from my favorite site Survivalblog.com (Author of blog is JWR) Sir: I followed the link in Thursday’s blog to this I followed this news story: 45 percent of world’s wealth destroyed: Blackstone CEO. It stated: “Between 40 and 45 percent of the world’s wealth has been destroyed in little less than a year [...]

Goldman Sachs – THE WORLD’S BIGGEST PONZI SCHEME

Taken from a comment by “Calltoaccount”, which was taken from Institutional Risk Analytics, blogged by www.cjr.org Res Ipsa Loquitor: Here’s the real story that’s been conveniently swept under the rug. From Reuters: QUESTION: Did Goldman do any due diligence on AIG before buying credit default swaps (CDS) from it? ANSWER: “We do extensive due diligence on [...]

H.R. 1207>>AUDIT WILL EXPOSE FED

By Christopher J. Petherick During a hearing on Capitol Hill in early July, a top official at the Federal Reserve warned Congress to stay out of the bankers’ business and not force the privately owned and operated central bank to submit to a public audit. On July 9 The Financial Times reported on Texas Republican [...]

Remind all your elected servants that ….

they are bound by the Government Code of Ethics…. Code of Ethics for Government Service House Document 103, 86th Congress, 1st Session – Passed by the Congress of the United States on July 11, 1958. ANY PERSON IN GOVERNMENT SERVICE SHOULD: I. Put loyalty to the highest moral principles above loyalty to persons, party, or [...]