Friday, September 16, 2011

Unelected, Unaccountable, Unrepentant: The Federal Reserve Is Using Your Money To Bail Out European Commercial Banks Once Again


The Economic Collapse
September 16, 2011

For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to. Imagine that this organization is able to act with the full power of the U.S. government behind it, but that nobody in the organization is ever elected by the American people, and that for all practical purposes the organization is not accountable to the president or to Congress. Imagine that the organization is able to make trillions of dollars of secret loans to banks, to foreign governments and even to their close friends without ever having to face a comprehensive audit. Does that sound preposterous? Well, such an organization actually exists. It is called the Federal Reserve, and today we found out that once again the Fed is going to be taking huge piles of your money and loaning it to commercial banks in Europe.

 The Congress cannot overrule this decision. Neither can Barack Obama. Because it has so much power, many refer to the Federal Reserve as "the fourth branch of government", but unlike the other three branches of government, there are basically no significant "checks and balances" on the Federal Reserve. If you don't like the fact that the Federal Reserve is racing in to help big foreign banks survive the European debt crisis that is just too bad. The Federal Reserve pretty much gets to do whatever it wants to do, and the folks over at the Fed simply do not care whether you like that or not.

So what in the world just happened today? The following is how an article on CNBC explained it....
Just ahead of the Wall Street open Thursday, the European Central Bank, along with the U.S. Federal Reserve, Bank of England, Bank of Japan and Swiss National Bank announced they would offer three-month dollar loans to Europe's commercial banks, easing dollar funding constraints.
It must be nice to do whatever you want without having to get the approval of anyone else.
What do you think Barack Obama would give for such power right about now?

The Federal Reserve and other major central banks around the world decided that lending big European banks gigantic piles of dollars would be a good idea, so they are just doing it.

No debate, no votes and no democracy - they just tell us how things are going to be and that is that.
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Thursday, September 15, 2011

Netanyahu set for UN diplomatic showdown

Politics & Society
September 15, 2011
Benjamin Netanyahu
Benjamin Netanyahu, the Israeli prime minister, will address the UN General Assembly on Friday next week, setting the stage for a potentially dramatic diplomatic showdown with the Palestinians. He will speak on the same day that Mahmoud Abbas, the Palestinian leader, is due to deliver a landmark speech calling on the global body to support Palestinian statehood.

“The General Assembly is not a place where Israel usually receives a fair hearing,” Mr Netanyahu said on Thursday. “But I still decided to tell the truth before anyone who would like to hear it.”


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Obama: ‘I’d like to work my way around Congress’

Byron York
Washington Examiner
September 15, 2011
Facing growing opposition to his economic proposals and dimming prospects that Congress will pass other parts of his agenda, President Obama told a Hispanic group in Washington Wednesday that when it comes to the issue of immigration, “I’d like to work my way around Congress.”

“As I mentioned when I was at La Raza a few weeks back, I wish I had a magic wand and could make this all happen on my own,” Obama told a meeting of the Congressional Hispanic Caucus. “There are times where — until Nancy Pelosi is speaker again — I’d like to work my way around Congress.”

As he continued, Obama conceded that “we’ve got laws on the books that have to be upheld.” But he quickly added there are different ways to uphold the laws on the books. “You know as well as anyone that…how we enforce those laws is also important,” Obama said. Last month, the administration made a major, unilateral change in immigration law enforcement when it announced that the government will not initiate deportation proceedings against illegal immigrants unless they have committed serious crimes. To critics, Obama had indeed worked his way around Congress. To the Hispanic Caucus, Obama said his new policy will “prioritize criminals who endanger our communities, not students trying to achieve the American dream.”
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Obama campaign attacks author probing eligibility

World Net Daily
September 14, 2011


'The White House is in panic mode. The White House knows the truth'

The Obama campaign for the 2012 presidential race has launched a new "fight the smears" type website, this time called "AttackWatch.com," with a personal attack on Dr. Jerome Corsi, the author of the best-selling "Where's the Birth Certificate?"

The ominous black and white website has a blood-red color overlay over a photograph of Corsi, whose book is credited with causing so much concern inside the bowels of the Obama White House that an attorney was dispatched on a special trip to Hawaii in April to obtain a purported copy of the state's "Certificate of Live Birth" for Obama, even though administration officials had said for years that was a document that wasn't available.

Corsi, who noted the Obama camp earlier tried to raise funds on supporters' fears of what is being revealed about Obama, said there's a reason for the Obama re-election campaign to be creating such sites.



"The White House is in panic mode," Corsi said. "The White House knows the truth – that Obama is not a natural born citizen, for many reasons, including that he was a dual citizen at birth due to his father being a Kenyan citizen."

The dispute centers around the U.S. Constitution's requirement that a president be only a "natural born Citizen." That was generally thought during the time the Constitution was being written to be the offspring of two citizens of a country on that country's soil.
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Wednesday, September 14, 2011

Bloomberg Poll: Obama Approval Plummets Among Americans Skeptical of Jobs Plan


MoneyNews.com
September 14, 2011

A majority of Americans don’t believe President Barack Obama’s $447 billion jobs plan will help lower the unemployment rate, skepticism he must overcome as he presses Congress for action and positions himself for re- election.

The downbeat assessment of the American Jobs Act reflects a growing and broad sense of dissatisfaction with the president. Americans disapprove of his handling of the economy by 62 percent to 33 percent, a Bloomberg National Poll conducted Sept. 9-12 shows. The disapproval number represents a nine point increase from six months ago.

The president’s job approval rating also stands at the lowest of his presidency — 45 percent. That rating is driven down in part by a majority of independents, 53 percent, who disapprove of his performance.
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U.N. Reform Advocate Questions What U.S. Is Getting for Its $7B Contribution


Rep. Ileana Ros-Lehtinen, chairwoman of the House Foreign Affairs Committee, addresses a press conference on Capitol Hill on Tuesday to discuss the U.N. Transparency, Accountability, and Reform Act. Standing with her is Rep. Allen West (R-Fla.). (Photo courtesy House Foreign Affairs Committee)

CNSNews.com
September 14, 2011


(CNSNews.com) – House Foreign Affairs Committee chairwoman Rep. Ileana Ros-Lehtinen acknowledged Tuesday that legislation aimed at making U.S. funding to the United Nations contingent on reforms lacks bipartisan support but said it was important to make a stand for “the principles that we believe in.”

As she prepares to mark up her bill in committee, Ros-Lehtinen (R-Fla.) faces mounting opposition from the Obama administration and advocacy groups supportive of deeper U.S. engagement with the U.N.

The U.N. Transparency, Accountability, and Reform Act (H.R. 2829) also lacks the support of a single House Democrat. The number of co-sponsors has climbed from 57 on Aug. 30 – the day the bill was introduced – to 74 as of Tuesday; all 74 are Republicans.

The bill seeks to change the way the U.N. is funded, allowing the U.S. and other member states to fund only those activities and agencies deemed efficient and in the national interest.
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Peter Schiff: "Markets Gave Obama's Jobs Speech the Big Thumbs Down"

SIC SEMPER TYRANNIS!!!
Mark Matheny
September 14, 2011



Peter Schiff talks about the President's recent "Jobs Package" in which Obama failed to call the package according to its true intent - a stimulus package, probably since the term has left a bad taste in the mouths of the "mainstreet american people" who have seen only "Wallstreet" benefitting from the previous stimuluses pushed by the Obama administration.

Peter explains how this "Jobs Creation Package" is just a code name for another failed stimulus meant to help Big government and Wall street once again, while failing to help the millions of Americans directly and adversely affected by the recession.

Peter argues that this recent package being pushed by the Obama administration is the same type of stimulus as the previous failed stimuluses, and will have the same consequenses - more unemployment, higher deficits, and less growth for the nation at large.

"I don't care what you call it, it's bad politics. And the reason the stimulus didn't work, is because it contained the same policies that are now in this Jobs Creation Act."

Peter says that whenever Congress names a bill, usually the bill achieves the opposite goal of its title. If this bill is called the "Jobs Creation Act", then you can be sure it will be a jobs destruction act.

Peter also shows how this "stimulus" bill will add to the deficit starting with $450 Billion this year alone, contrary to what Obama's teleprompter says.


The $1 trillion student loan market begins to implode – Department of Education shows two-year default rates at for-profit colleges up to 15 percent. Student loan debt increasing at a rate of $170,000 per minute.


MyBudget360.com
September 14, 2011

We seem to have entered an era of perpetual and unshakeable financial bubbles and the next ripe bubble to burst is in the student loan market. Student loan debt has become the fastest growing debt sector throughout the economic recession. Growth at for-profit colleges has been incredible and tactics used at these institutions reflects patterns seen with the subprime mortgage operators. They target low income markets and exploit government backed loans and pump them through local area lenders. It is a bubble of mammoth proportions and it is no surprise that data released by the Department of Education only a few days ago reflects a default pattern reminiscent of the subprime crisis. Default rates on student loans at for-profit institutions are absolutely abysmal. There is no question now that the student loan bubble is now the next market to pop. What will be the consequences of the $1 trillion student loan market contracting?


For-profit student loans the new subprime
subprime debt college debt
Source: RortyBomb
“(Department of Education) The U.S. Department of Education today released the official FY 2009 national student loan cohort default rate, which has risen to 8.8 percent, up from 7.0 percent in FY 2008. The cohort default rates increased for all sectors: from 6.0 percent to 7.2 percent for public institutions, from 4.0 percent to 4.6 percent for private institutions, and from 11.6 percent to 15 percent at for-profit schools.”
This rate is horrifying. The ways these are measured are reflected by two-year default cohorts so you have 15 percent of the entire group defaulting within two-years! The real default rate is much worse if we tracked these out for the life of the loan. In other words, you have many going to for-profit paper mills and coming out with very little job prospects but with the added burden of massive student loan debt. Clearly the student did not benefit but the profits at these institutions are enormous. The government backing is the only way these lenders and schools even survive. If a bank had to lend their own precious money you think they would give someone $40,000 or even $100,000 in student loans to pursue a degree at an unranked paper mill? Reminds you of people buying tiny condos in Florida for $500,000 with no verifiable income.
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Tuesday, September 13, 2011

Ron Paul DOUBLES His National Support In Just 2 Weeks



CNN poll confirms Congressman is top tier candidate
Paul Joseph Watson
Infowars.com


Tuesday, September 13, 2011
When Ron Paul routinely trounces his opposition in post-debate polls, the establishment media dismisses the outcome as not being reflective of national trends. However, a new CNN survey confirms that the Congressman is a top tier candidate and his popularity is rapidly accelerating.

In a national poll conducted by CNN which surveyed over 1,000 Americans between September 9-11, Paul came in fourth just 6 per cent behind Mitt Romney in second , with Sarah Palin third and Rick Perry leading.

“Besides Perry and Romney, Paul beat out the rest of his competition by 7 percent or more. Paul’s support also increased by six percent from the CNN poll that was conducted between August 24-25, 2011,” reports The State Column.

So in effect Ron Paul has doubled his national support in the space of just over two weeks alone, no doubt as a result of his sterling performances in the recent Republican debates. Polls show that the Texan Congressman has emerged victorious from every debate thus far.

Rick Perry is clearly the frontrunner at the moment, receiving 30 per cent in the CNN poll, but he is there to be shot at and his popularity is quickly losing steam. The Texas Governor was whacked from all sides during the debate last night and the more people learn about his involvement in the HPV controversy, his tax hikes and his globalist tendencies, the myth that Perry is a down-home conservative will swiftly evaporate.
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Monday, September 12, 2011

Alex Marks The 10th Anniversary of 9/11: Sunday Edition


TheAlexJonesChannel
Monday, September 12, 2011
On the Sunday edition of the Alex Jones Show, Alex marks the tenth anniversary of the September 11, 2001 attacks. He looks back at the attacks that led to the destruction of the Constitution and the Bill of Rights and provided a pretext for the global elite to impose a high-tech police and surveillance state as they wage wars of conquest around the world. Alex also looks to an uncertain future as the truth movement grows and the financial elite fight both propaganda and psyop wars against the resistance.





Sunday, September 11, 2011

You Only Believe the Official 9/11 Story Because You Don't Know the Official 9/11 Story


Global Research
September 11, 2011

 I don't believe the official story of 9/11 because I know the official story of 9/11!
During the past 10 years I have not met a single individual who, after doing research on the subjectpen, switched from questioning the official narrative of the events of 9/11/2001 to believing the official narrative of those events.. It is always the other way around. Why do you think that is? There are good reasons for this, and I will try to explain this phenomenon right now.

The term "conspiracy theorist", perhaps the most misapplied description in our vernacular, is often used to describe 9/11 truthers. Perhaps that term does apply to a segment of the 9/11 truth movement. But in most cases a more accurate description of 9/11 truthers is probably "expert", or "scholar", or "researcher." You see, much of the doubt cast on the official narrative of the events of 9/11 has not come in the form of speculated accusations, or "theories." In fact, it has come in the form of questions that have been raised after a careful study of the official and undisputed events and details.
Ten years have passed since the infamous events of September 11th, 2001 took place, and the majority of people still don't know a damn thing about the actual details of that event. They don't know what was going on in the country with regard to our military that day. They don't know the history or the activities of key members of our government, defense establishment or intelligence community, on, or during the weeks, and in some cases the years leading up to that day. They don't know what took place during or immediately following the events of that day. And they don't know what actions were taken by those key people following that event.
As is the case with so many issues, people tend to stand strong and argue a position or voice an opinion about an event like 9/11. But, when questioned about the many details surrounding that event they have no answers. They are clueless. And they are, in the end, dumbfounded.
I can not tell you how many times I have discussed the events of 9/11 with an outraged citizen who can not believe that I would "accuse our own government" of such a terrible thing as conducting a false flag operation, only to hear the phrase "no, I did not know that, is that true?" repeated over and over as I "educate" them about those little things called DETAILS. I can not count the pale-faced stunned looks on people's faces as I exposed them to some of the "official facts" they never suspected, and never knew. I have walked away from many a confrontation with newly educated "patriotic Americans", only to worry about whether or not they would again resume breathing correctly.
They would never do such a thing
A common start and end to any intelligent discussion about the events of 9/11 is prefaced by the assumption that no American would betray his or her country by allowing or conducting an attack on the American people. Well, the people who take this position know nothing about history, let alone human nature. They also don't know about the public positions, declarations, speeches and published documents written by the people who ran our nation on that day.
False flag operations have taken place for generations, in this nation and nations around the world. Many of these operations have been exposed, but proof of many of these activities is probably hidden away in secret documents that may one day come to light. You can however, start your exploration on the topic by researching one plan for American self-inflicted terrorism that became public, Operation Northwoods. Do I detect my first "I did not know this, is it true?" May I suggest you also peek into the neoconservative teachings of the principles involved in running our nation at the time of the "new Pearl Harbor" that took place in 2001.
But the 9/11 Commission did not find anything wrong
I can not believe how many people do not know the genesis or mission of the 9/11 Kean Commission. From the initial appointment of one of America's most nefarious political figures as its original leader, Henry Kissinger, - to its executive director whose area of expertise and education were in the creation and maintaining of public myths, Philip D. Zelikow,- people have no idea as to who comprised or what the mandate was for this commission.
To give you some kind of idea as to why the "findings" of this commission can NOT be used to back up any talking points on the topic of 9/11, let me remind you what the official task of this commission was. The Kean Commissions was told to document the official story and make national security recommendations based on that story. The only information that was to be included in the official report had to match the official story. If any one member of the committee objected to any testimony or finding, that piece of information was to be left out of the report For some examples of this you can talk to the thousands of people who became 9/11 truthers as a result of their testimony being omitted from and contradicted by the final report.
Start with the WTC worker credited with being the last man out of the WTC William Rodriguez. See if he can tell you why, after being invited to the White House and meeting with George W. Bush, his testimony about witnessing explosions in the sub basement of the WTC moments prior to the first plane hitting the building was omitted from the Kean report. And for more details you can read David Ray Griffin's book called The 9/11 Commission Report: Omissions And Distortions. It pretty much translated the Kean report into a stack of rather harsh and useless toilet paper. Are the "I did not know this, is it true?" responses piling up yet?

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