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 let off the hook because they self-declare, before an investigational panel, that the failure of their newly invented risk swaps and other highly leveraged investment schemes was simply due to “mistakes”? Not malfeasance – just every-day mistakes? Bankers just fell asleep at the helm at a critical juncture in American history. Is that what we are being led to believe?

Oh well, it’s just 18 million American homes that now lay empty in the wake of unprecedented foreclosures, and the bankers have collected obscene bonuses for reckless lending of their depositors’ money. It’s like the captain and crew of a ship saying, not to worry, twenty-percent of the passengers were lost overboard, but this was due to unavoidable mistakes, and then being rewarded with bonuses when they reach port.



Meddling with the Middle Class

FactsNews – Dear Mr. Biden, Please leave the middle class alone!


Reposted from

Middle Class Task Force and the Federal Reserve

Posted by pensotti on 05/28/09

Vice President Biden is charged with a Task Force on the Middle Class. The stated objectives of the Task Force are:

  • Expanding education and lifelong training opportunities
  • Improving work and family balance
  • Restoring labor standards, including workplace safety
  • Helping to protect middle-class and working-family incomes
  • Protecting retirement security
  • While I do not believe that the Federal Government should be in charge of our education, our work life balance or labor standards, I do believe that if the Federal Reserve System was abolished we could accomplish the last two stated goals through a free market monetary system of non fiat currency. Dr. Paul explains this best in his article titled The Inflation Tax, which can be found here:

    The task force is asking for comments and ideas to help it with its stated goals. I say we all send our Vice President a nice email about the troubles of our Federal Reserve System and how it has ruined the middle class through inflationary monetary policy. Follow this link to submit your comments:


    FactsNews’ message to Biden…

    You can start helping the middle class by eliminating the Federal Reserve and answering questions about 9/11. I saw the video of Biden squirm and run away when confronted about the conclusive scientific evidence that nano-thermite was found in the rubble. You will not take over the middle class. We are fine by ourselves and do NOT need any more government meddling. If you want to help the middle class, let us keep our guns, get rid of the income tax, Federal Reserve, and let us grow our own healthy food and take care of our own healthcare. Please leave the middle class alone and take your financial manipulations elsewhere. BTW – What ever happened to MoveOn? Weren’t we against the Iraq war a few months ago?

    A MUST SEE VIDEO!!! Tea Party Hijacked by BOTH sides of media

    The video begins with a CNN reporter speaking to a gentlemen who is clearly upset with the Federal Governments overreaching into pockets. The CNN reporter acts totally clueless and gets schooled by a protester. Halfway through the video a terrifying sight is seen. There is a lone Obama supporter being followed around by a reporter, a cameraman and a PRIVATE SECURITY GUARD!!! The Obama supporter is planted into the crowd and protected by a private firm. Meanwhile, anti-Obama protesters are being hauled away in police wagons with 0 due process. This is more than something to be worried about.

    Looting by U.S. Government at All-Time Highs

     Michael S. Rozeff 

    There are two bull markets going on right now. They are in U.S. government looting. They are Congressional looting and Federal Reserve (FED) looting. They are bull markets for the government, banks, and select beneficiaries. They are bear markets for the Americans being looted, which is most of us.

    These bull markets in looting are at all-time highs. Never before has the amount of looting reached such astronomical heights, either in absolute terms or relative to other measures like population or product.

    The looters are promoting their looting with a stream of false advertising and mis-information. They are claiming one false rationale after another. They are making out like their looting is essential to American prosperity and employment. There is no basis for these claims. The looting is transferring wealth from those who have created it to those who have not. It is outright theft by government. There is absolutely no way that theft through such transfers can ever create prosperity or employment.

    Article 17 of the U.N. Declaration of Human Rights states

    1. Everyone has the right to own property alone as well as in association with others.
    2. No one shall be arbitrarily deprived of his property.

    The U.S. government and the FED are engaged in massive violations of the right to own property, which entails the right not to be deprived of it arbitrarily. They are violating our rights to own property by taking that property from us for themselves and others. They are looting us.

    Full Article 

    Why the End of America is Closer than You Think

    Sunday, March 22, 2009 by: Mike Adams, the Health Ranger, NaturalNews Editor
    Key concepts: AmericaFederal Reserve and Economy

    (CounterThink) I recently moved to Ecuador. Not for a vacation. Not for a month or two. I moved to Ecuador for good, as a permanent resident. Upon hearing my plans for living in South America, many people who knew me in the States asked things like, “Well what about the stability of Ecuador as a nation?” To which I would respond, “Oh, you mean the stability of banks that don’t make loans and don’t invest in derivatives? You mean the stability of a nation where the population still has the courage to march in the streets and throw corrupt officials out of its capitol?”

    These questions make Americans pause. Most tend to think of public demonstrations as signs of a politicalinstability. But in fact, public demonstrations are a sign of a healthy Democratic process. And Democracy is alive and well in Ecuador (with the usual level of corruption you find in any democracy).

    It is in America, where the sheeple have been terrorized into staying inside the boundaries of their little “protest zones,” that you find a fragile, unstable nation.

    Through complacency and fear-mongering, most Americans have become cowards when it comes to political activism. They think emailing their Senator a few times a year is all that’s required to defend freedom and preserve a nation. Marching in the streets is seen as uncivilized… or even unpatriotic! The government agrees with this, too, now labeling anyone who protests in public a “potential terrorist” and targeting them for FBI investigations. (…)

    The multi-trillion-dollar theft scheme


    In the mean time, while the sheeple of America are caught up in their hypnotic dreams of world domination, white-collar hoodlums in Washington D.C. and Wall Street are stealing everything!

    Full Article

    Visualizing One Trillion Dollars

    by on 3/12/2009

    It’s official, trillion is the new billion. No longer is government spending talked about in terms of a mere ten digits. With the recent flurry of government spending, we are going to need another three zeros to make sense of it all.

    One trillion dollars; it’s a number that few people can comprehend, let alone your standard nine digit calculator. There have been attempts to put this number into perspective before. A trillion dollar bills laid end to end would reach the sun or you spend a dollar per second for 32,000 years or one trillion dollars in pennies would weigh as much as 2,755,778 Argentinosauruses (the largest known dinosaur). Fanciful as this may be, the real story behind one trillion dollars is in its economic impact. Let’s investigate what one trillion dollars can do.

    For more personal finance visualizations see:

    Does Anyone In Obama’s Administration Pay Taxes?

    Reposted from

    Now Rahm Emanuel is accused?

    “NEWS broke last week that Rahm Emanuel, now White House chief of staff, lived rent- free for years in the home of Rep. Rosa De Lauro (D-Conn.) – and failed to disclose the gift, as congressional ethics rules mandate. But this is only the tip of Emanuel’s previously undisclosed ethics problems.


    Emanuel never declared the substantial gift of free rent on any of his financial-disclosure forms. He and De Lauro claim that it was just allowable “hospitality” between colleagues. Hospitality – for five years?

    Some experts suggest that it was also taxable income: Over five years, the free rent could easily add up to more than $100,000.

    Of course it is taxable income.  Anyone can give anyone up to $10,000 a year tax-free, but “gifts in kind” are still required to be reported and are taxable.  If it is really $100,000 worth it exceeds the giftable amount and is subject to tax, just as certainly as it is if you get a chauffeured car and driver (aka Daschle)

    What’s worse though is this:

    Nor is this all that seems to have been missed in the Obama team’s vetting process. Consider: Emanuel served on the Freddie Mac board of directors during the time that the government-backed lender lied about its earnings, a leading contributor to the current economic meltdown.

    The Federal Housing Enterprise Oversight Agency later singled out the Freddie Mac board as contributing to the fraud in 2000 and 2001 for “failing in its duty to follow up on matters brought to its attention.” In other words, board members ignored the red flags waving in their faces.

    The SEC later fined Freddie $50 million for its deliberate fraud in 2000, 2001 and 2002.

    Meanwhile, Emanuel was paid more than $260,000 for his Freddie “service.” Plus, after he resigned from the board to run for Congress in 2002, the troubled agency’s PAC gave his campaign $25,000 – its largest single gift to a House candidate.

    Oh that’s nice.

    We’ve now got a chief of staff who served on the board of Freddie Mac while they were flim-flamming their books?

    Now THAT is “Change We Can Believe In”

    PS: President Obama, if you truly didn’t know about this, you need to fire Rahm today.  If you did know about it, you need to resign.