(EconomicCollapse) The American people are experiencing financial death by a thousand cuts and most of them don’t even realize it. The U.S. government, state governments, local governments and the financial elite are draining us financially in dozens upon dozens of different ways, and yet we have become so programmed to accept it that it just seems normal to us. 2011 is rapidly approaching, and a whole slate of federal taxes is scheduled to go up, state taxes are being increased from coast to coast, local governments are finding new and creative ways to stick it to us and the financial elite are becoming more predatory than ever. Meanwhile, the incomes of many average Americans are actually going down. According to the Census Bureau’s annual survey of income and poverty in the United States, of the 52 largest metro areas in the nation, only the city of San Antonio did not see a decline in median household income during 2009. Tens of millions of Americans are flat broke and they are getting pissed off. According to a new poll conducted by CNBC, 92 percent of Americans believe that the U.S. economy is either “fair” or “poor”. The American people desperately want someone to fix the economy, but instead our “leaders” are trying to come up with new and creative ways to drain even more money out of us.
In no particular order, the following are 75 ways that the U.S. government, state governments, local governments and the financial elite will be sucking even more of the life blood out of the American people in 2011…. Continue reading
(You Tube) The latest documentary from William Lewis and Gary Franchi further exposes the secret agenda of FEMA camps and the specter of martial law which looms over us all. This thrilling documentary chronicles the various scenarios which could be used to subjugate the American people.
(Deborah Dupre’) Among greatest violations of human rights and everything the United States stands for is secretly forcing RFID chips into humans without their knowledge or consent as James Walbert and an untold number of American children and adults are experiencing. In the Majestic Picture Productions documentary trailer below, a whistleblower explains how and why he was covertly implanted by a dentist. Continue reading
(You Tube) Protesters in France and other European countries are taking to the streets to demand change, however in the US there has not been a mass protests by its citizens. Even though most people in the United States believe that the government has to much control, according to a Gallup poll its as much as 59% of Americans who are dissatisfied with their government.
Radio Host Alex Jones of Infowars.com believes that the United States citizens are beginning to wake up to the tyrannical government and are beginning to arm them selves with guns and other means.
(EconomicCollapse) – Historians tell us that by the very end of the Roman Empire, goods were pouring into Rome from all over the known world, but about the only thing being sent out of Rome was human waste and garbage. America has not yet reached that point, but we are certainly well on our way. In 2010, the number one U.S. export to China is “scrap and trash”. Yes, you read the correctly. The number one thing that China buys from us is our garbage. According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment (nearly $50 billion) while our number one export to them is waste paper and scrap metal (approximately $8 billion). When it comes to world trade, China is literally wiping the floor with the United States. In August, the U.S. trade deficit with China set a new one month record of $28 billion dollars. Our insane trade policies are making China (along with several of our other “trade partners”) incredibly wealthy, and the U.S. government ends up begging China to lend that money back to us to fund the exploding U.S. national debt. That just isn’t stupidity – that is insanity.
The truth is that our “twin deficits” are literally bankrupting this nation. We are completely and totally destroying the economic future of our children and grandchildren. Continue reading
The power of the state has always rested on two pillars: Force and legitimacy. The Internet subverts them both. As for force, think about encrypted commerce, as for legitimacy (the more important part), think about the following:
- It used to be that 98% of all news came out of two zip codes in Manhattan, produced by a more or less homogenous group of people. Now, it comes from everywhere. “Guys in pajamas” brought down the mighty Dan Rather.
- When I began to wander among liberty people, not too many decades ago, the people who “got it” were mostly hyper-studious types in the largest American cities. Now they are found almost everywhere.
- Events are recorded and can be verified across the globe in moments. The life-span of bad information is collapsing, and plenty of what used to be easy manipulation with it.
- People are able to test their wild ideas in anonymous public conversations, shielded from shame. As a result, those ideas are improved, very many of which would never have been exposed without a protected place to speak from.
- Collective identities and animosities (“those people are monsters; we must fight!”) are collapsing as separated groups of people get to know each other via world-wide, nearly-free communication.
This is all the result of the Internet, and all of it undermines the sanctity and urgency of the state. And since the operators of states are not stupid, they understand the threat and are moving aggressively to conquer the Internet. Continue reading
(NaturalNews) – It’s always entertaining when the mainstream media “discovers” something they think is new even though the natural health community has been talking about for years. The New York Times, for example, recently ran a story entitled When Drugs Cause Problems They Are Supposed to Prevent (http://www.nytimes.com/2010/10/17/h…). We’ve been covering the same topic for years, reporting on how chemotherapy causes cancer, osteoporosis drugs cause bone fractures and antidepressant drugs cause suicidal behavior.
The latest “new” discovery by the mainstream media is that McDonald’s Happy Meal hamburgers and fries won’t decompose, even if you leave them out for six months. This story has been picked up by CNN, the Washington Post and many other MSM outlets which appear startled that junk food from fast food chains won’t decompose. Continue reading
Coca-Cola spends $2.8 billion a year in advertising to make sure its soda is seen as the most iconic American drink — a beverage enjoyed around the world, virtual peace-building in a bottle. The company has spent 124 years polishing its image, but it took author Michael Blanding only 300 pages to tarnish that gleam. In his new book, The Coke Machine: The Dirty Truth Behind the World’s Favorite Soft Drink, Blanding details the sordid history of the company, from patent medicine experiment to multinational behemoth. Continue reading
(You Tube) Alex talks with icon, David Icke about the final endgame the globalist have for all of humanity, and how we can fight back against them.
(Staff) Legendary radio host George Noory makes his way to the Money Bomb.
(Staff) Dr. Stan Monteith Joins the Alex Jones Show discussing the Secret Beginnings of The Freemasons.
(Staff) The always informative Alan Watt is special guest on the Alex Jones Show. Enjoy!
(Economic Collapse) This October, millions of Americans are going to watch horror movies and read horror stories because they enjoy being frightened. Well, if you really want to be scared, you should just check out the real horror story unfolding right before our eyes – the U.S. economic meltdown. It seems like more bad news for the U.S. economy comes out almost every single day now. Unfortunately, things are about to get a whole lot worse. The mainstream media has been treating “Foreclosuregate” as if it is a minor nuisance, but the truth is that the lid is about to be publicly lifted on years and years of massive fraud in the U.S. mortgage industry, and this thing has the potential to cause economic chaos that is absolutely unprecedented. Over the past several days, expert after expert has been coming forward and warning that this crisis could completely and totally paralyze the mortgage industry in the United States. If that happens, it will be essentially like pulling the plug on the U.S. economic recovery.
For example, the U.S. government just announced that the U.S. trade deficit went up again in August. According to the U.S. Census Bureau, the U.S. trade deficit was $46.3 billion during August, which was up significantly from $42.6 billion in July.
So how much coverage did this get in the mainstream media?
Well, just about none.
We have gotten so used to horrific trade deficits that it isn’t even news anymore.
But these trade deficits are absolutely killing our economy.
How long do you think that the U.S. economy can keep shelling out 40 or 50 billion more dollars than we take in every single month?
If you look at the countries around the world that have become very wealthy, almost all of them have gotten that way by trading with the United States.
Meanwhile, many of our once great manufacturing cities are turning into open sewers.
Every single politician in the United States should be talking about the trade deficit.
But hardly any of them are.
Is it because Americans have all become so dumbed-down that we don’t understand these things anymore, or is it because we are so distracted by the various forms of entertainment that we are addicted to that we just don’t care?
But the trade deficit is not the only economic statistic that is getting worse.
According to the Department of Labor, for the week ending October 9th the advance figure for seasonally adjusted initial jobless claims was 462,000, which represented an increase of 13,000 from the previous week.
We have an unemployment epidemic going on in this country, but what did the mainstream media do in response to this news?
They yawned. Instead, many of the “financial experts” were busy talking about how wonderful it is that the Stock Market is going up, up, up.
Well, as one reader recently reminded me, if you want to evaluate an economy by how much the stock market is going up, then the economy of Zimbabwe has had an absolutely wonderful decade!
The truth is that the stock market is not a good barometer for what is actually going on.
What is really happening is that the U.S. economic system is literally coming apart at the seams.
Yet another piece of really bad economic news that just came out is that the number of home repossessions by banks set a new all-time record during the month of September. The record total of 102,134 bank repossessions was the first time ever that bank repossessions climbed over the 100,000 mark for a single month.
The good news is that bank repossessions are about to come to a screeching halt.
The bad news is that it is because the U.S. mortgage industry is about to become completely and totally paralyzed by this foreclosure fraud crisis.
The following are three basic points to remember about this foreclosure mess….
A) Massive Fraud Was Committed At Every Stage By The Mortgage Industry
In a previous article entitled “Foreclosure Fraud: 6 Things You Need To Know About The Crisis That Could Potentially Rip The U.S. Economy To Shreds“, I attempted to describe just how widespread the fraud in the mortgage industry has been….
The truth is that there was fraud going on in every segment of the mortgage industry over the past decade. Predatory lending institutions were aggressively signing consumers up for mortgages that they knew they could never repay. Many consumers were also committing fraud because a lot of them also knew that they could never possibly repay the mortgages. These bad mortgages were fraudulently bundled up and securitized, and these securitized financial instruments were fraudulently marketed as solid investments. Those who certified that these junk securities were “AAA rated” also committed fraud. Then these securities were traded at lightning speed all over the globe and a ton of mortgage paperwork became “lost” or “missing”.
Finally, when it came time to foreclose on these bad mortgages, a whole lot more fraud was committed. Thousands upon thousands of foreclosure documents were “robo-signed”, but the truth is that investigators are starting to discover a lot of things about these mortgages that are a lot worse than that.
B) Nobody Really Knows Who Owns Or Who Has The Right To Foreclose On Millions Upon Millions Of Mortgages
The legal rights to millions of U.S. mortgages has been scrambled so badly that it might actually be impossible to fully sort this mess out. In particular, MERS (Mortgage Electronic Registration Systems) has created a paperwork nightmare that may never be able to be completely remediated.
On a previous article, a reader named William left a comment that did a great job of describing the very serious problem that we are now facing because of MERS….
MERS – potentially the most serious problem because it affects who really owns the loans. Securitization mandates that loans be transferred into REMIC trusts within a strict timeframe. Late transfers are not allowed. In spite of the supposed “ease” of transfer through MERS, it now appears that perhaps 60% of US loans were never properly transferred. Absent remedial legislation, it is impossible to do so now. And the former owners may be out of business or bankrupt. So how do we get these loans to the trust beneficiaries who were supposed to own them? This is no simple paperwork correction. The train has left the station, with no more to follow.
C) Unprecedented Chaos Is Going To Erupt As Faith In The Mortgage System Completely Dies
So what is going to happen as a result of all of this fraud and confusion in the mortgage industry? Well, basically everybody is going to sue everybody. It is going to be absolute mayhem.
Charles Hugh Smith recently put it this way….
Real estate attorneys can rejoice: everyone will get sued, in every court in the land. Banks will get sued, title insurance companies will get sued, realtors will get sued, foreclosure mills will get sued, MERS will get sued, and so on. The attorneys general of the states will all sue the banks and mortgage mills, claiming billions in damages.
Meanwhile, virtually nobody will want to buy any house that has been foreclosed on in the past ten years or so until this mess is sorted out (which could take years and years).
Meanwhile, title insurance companies are going to avoid foreclosures like the plague.
Meanwhile, all of the investors that have been propping up the housing market by buying foreclosures are going to be fleeing the market in droves.
Meanwhile, the financial world is going to be trying to figure out which U.S. lending institutions are still solvent. The value of most mortgage-based assets is now totally up in the air.
Meanwhile, millions more homeowners across the United States will be emboldened to quit making payments on their mortgages as they realize that those holding their mortgages may not have the legal right to foreclose on them.
And that is where the true horror of this entire situation may lie. What is going to happen if millions upon millions of Americans holding underwater mortgages look at this situation and decide that they really don’t have to be afraid of the threat of foreclosure any longer?
If a massive wave of homeowners suddenly decides to simply quit paying their mortgages, it would basically wipe out nearly the entire mortgage industry.
That would likely mean more government bailouts, more government control, much higher mortgage rates and eventually a serious crash in housing prices.
This crisis is incredibly complicated and it has a ton of moving parts, so it is extremely difficult to describe accurately. But the reality is that this mess has the potential to hurt the U.S. real estate market much more than “subprime mortgages” ever did.
Hopefully this crisis will not be “the straw that broke the camel’s back” for the U.S. economy, but with each passing day this thing looks even more horrifying.
One way or another, real estate law in the United State is going to be changed forever as a result of this crisis. It is going to be extremely interesting to see how all of this plays out.
(Reuters) – French refinery workers cut off a fuel pipeline to Paris on Friday as protesters piled on pressure to derail President Nicolas Sarkozy’s unpopular pension reform.
Police broke up blockades at fuel depots in southern France but protesters blocked a terminal at Paris’s Orly airport and truckers were set to join the fray as momentum built for a day of street rallies on Saturday.
The protests have become the biggest challenge facing the centre-right president, who is struggling with rock-bottom popularity ratings as he tries to appease financial markets by stemming a ballooning pension shortfall.
Turnout among striking rail workers dropped to 15 percent on Friday, from 40 percent earlier in the week, but union leaders hope to galvanise the public for next week’s action with the same force that saw a 1995 pension bill crushed by 24 days of protests. Next Tuesday’s strike could hit various sectors.
“This movement is deeply anchored in the country,” CGT union leader Bernard Thibault told LCI television.
“The government is betting on this movement deteriorating, even breaking down. I think we have the means to disappoint them.”
France’s main trucking union called on truck drivers to join next Tuesday’s strike, though they may not be able to use their bosses’ trucks to block roads.
The best chance Sarkozy’s opponents have of bringing down his pension bill is if strikes at oil refineries continue and start to threaten fuel supply, or if youths hit the streets en masse and set off violent scuffles.
A pipeline supplying fuel to the Paris region and its airports stopped operating on Friday because of strikes at northern refineries, a source at the company operating the pipeline said, and motorists across France stocked up on petrol as depot blockades squeezed supply.
TV footage showed riot police using teargas to contain young protesters in the southern city of Lyon and in Paris police officers got orders to stop using flashball riot control pellets to quieten crowds after a secondary school student was badly injured on Thursday.
Students at hundreds of schools across France joined the protest movement in force from Thursday, shouting anti-Sarkozy slogans. Dozens have been arrested and on Friday more were barred by riot police from nearing the prime minister’s offices.
Polls show two-thirds of French people oppose Sarkozy’s plan to raise the minimum retirement age to 62 from 60 and lift the age at which people can retire on a full pension to 67 from 65.
The government has been at loggerheads with unions for months over the issue and five rounds of strike action since the summer have badly disrupted public transport and air travel.
The strikes have had negligible impact on France’s economy but have sparked worries among financial analysts about whether France will struggle to push through broader austerity measures necessary to bring down its deficit.
(You Tube) Randy Kelton is a 57 year old father of two adult children, a grand-father of three grandsons, a husband of 35 years, a business owner, a voter, and a veteran. Being a baby boomer, he reached a point where it was important to him to give back what he has learned as a citizen of this great country.
(Staff) Alex Jones breaks down the complicated situation surrounding the Irish family.
(Thomas Dishaw) Silver is having another breakout day as it creeps closer to the resistance point of $25.00. Up .52 cents silver is outperforming gold over the last 30 days. At the mid day point on the COMEX gold is up $5.06 ,as investors sell to exit long positions and take profits. I’m very surprised the manipulation factors havent stepped into todays market. That means the market is flooded with new buyers as big players continue take profits.
(CNSNews.com) The percentage of Americans who think the federal government poses “an immediate threat” to the rights and freedoms of ordinary citizens has increased significantly over the last seven years, rising from 30 percent to 46 percent, according to a Gallup poll conducted Sept. 13-16 and released today.
Only 51 percent of Americans now say they do not think the federal government poses “an immediate threat” to the rights and freedoms of ordinary citizens.
Similarly, the percentage of Americans who think the federal government has too much power has also significantly increased, from 39 percent in 2002 to 59 percent today.
In its Sept. 13-16 polling, Gallup asked the 46 percent of respondents who said that they think the federal government poses an immediate threat to the rights and freedoms of Americans in “what ways” they think the government is posing this threat. The top four answers were that the government has too many laws and is too big in general, that it is too involved in people’s private lives, that it is threatening freedom of speech, and that the health-care law signed by President Barack Obama is a threat.
Since 2003, Gallup has periodically asked adult Americans this question: “Do you think the federal government poses an immediate threat to the rights and freedoms of ordinary citizens, or not?”
When Gallup first asked the question in September 2003, 30 percent said, yes, they did think the federal government posed an immediate threat to the rights and freedoms of ordinary citizens and 68 percent said, no, it did not. In September 2004, 35 percent said, yes, and 63 percent said, no. In September 2005, 37 percent said, yes, and 62 percent said, no. And in September 2006, 44 percent said, yes, and 54 percent said, no.
This September, 46 percent said, yes, they think the federal government poses an immediate threat to the rights and freedoms of ordinary citizens. Only 51 percent said, no.
Gallup asked the 46 percent who said yes, this follow-up question: “In what ways do you see the government posing an immediate threat to the rights and freedoms of its citizens?” The answers broke down as follows:
Too many laws/Gov’t too big in general 18
Too much involvement in people’s private lives 17
Taking away freedom of speech/violating First Amendment 15
Healthcare law 11
Socialist government 8
Overtaxing/Taxes too high 7
Taking away freedom of religion 6
Gun control/violating Second Amendment 6
Failing to secure borders/Illegal immigration 3
Over-regulation/Too much involvement in business 3
Too much spending 2
Marriage issue 2
No opinion 9
Republicans and Independents were more likely than Democrats to say they think the federal government poses an immediate threat to the rights and freedoms of ordinary citizens. Sixty-six percent of Republicans said this was the case, 49 percent of Independents, and 21 percent of Democrats.
Since 2002, Gallup has also periodically asked this question: “Do you think the federal government today has too much power, has about the right amount of power, or has too little power?” When Gallup most recently asked this question in its poll conducted Sept. 13-16, 59 percent said the federal government has too much power, 33 percent said it has the right amount of power, and 8 percent said it has too little power.
In a poll conducted, Sept. 5-8, 2002, only 39 percent said they thought the federal government had too much power, while 52 percent said it had the right amount of power, and 7percent said it had too little power.
Gallup has asked this question about the federal government’s power ten times over the last eight years. The last time fewer than 50 percent of Americans said they thought the federal government had too much power was in a poll conducted Sept. 13-15, 2004. At that time 42 percent said the federal government had too much power, 49 percent said it had the right amount of power, and 7 percent said it had too little power.
(Economic Collapse) Does anyone really want to hear that America is in decline? For decades, most of us have been raised to believe that the United States is “number one” and that anyone who doubts that fact is a “gloom and doomer” that should just pack up and move to “Russia” or “Iraq” or some other country where things are not nearly as good. But does it do us or future generations any good to ignore the very serious signs of trouble that are erupting all around us? The truth is that it is about time to wake up and admit how much trouble we are actually in. The U.S. government is absolutely drowning in debt. The entire society is absolutely drowning in debt. We are being slaughtered in the arena of world trade, and every single month tens of billions of dollars (along with large numbers of factories and jobs) leave our shores for good. Our infrastructure is failing, our kids are less educated and our incomes are going down. We have serious, serious problems. At one time, the U.S. economy was so dominant that it was not even worth talking about who was in second place. That is no longer the case in 2010. Our forefathers handed us the greatest economic machine in history and we have allowed it to fall apart right in front of our eyes. A national economic crisis of historic proportions is getting worse with each passing month, and yet most of our leaders seem to be asleep at the switch.
So is American in decline? Well, read the statistics below and decide for yourself. The reality is that when you start connecting the dots it gets really hard to deny what is going on.
Urgent action must be taken if things are going to be turned around. It is time to get our heads out of the sand. It is not guaranteed that the United States will always be the greatest economy in the world or that we will even continue to be prosperous.
For many Americans, it will be incredibly difficult to admit that our nation has become a debt addict and an economic punching bag for the rest of the world.
But if we are never willing to admit what the problems are, how are we ever going to come up with the solutions?
What you are about to read below is going to absolutely shock many of you. But hopefully it will shock you enough to get you to take action. We desperately need to change course as a nation.
#1 Ten years ago, the United States was ranked number one in average wealth per adult. In 2010, the United States has fallen to seventh.
#2 The United States once had the highest proportion of young adults with post-secondary degrees in the world. Today, the U.S. has fallen to 12th.
#3 In the 2009 “prosperity index” published by the Legatum Institute, the United States was ranked as just the ninth most prosperous country in the world. That was down five places from 2008.
#4 In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.
#5 The economy of India is projected to become larger than the U.S. economy by the year 2050.
#6 One prominent economist now says that the Chinese economy will be three times larger than the U.S. economy by the year 2040.
#7 According to a new study conducted by Thomson Reuters, China could become the global leader in patent filings by next year.
#8 The United States has lost approximately 42,400 factories since 2001. Approximately 75 percent of those factories employed at least 500 workers while they were still in operation.
#9 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#10 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
#11 In 1959, manufacturing represented 28 percent of all U.S. economic output. In 2008, it represented only 11.5 percent.
#12 The television manufacturing industry began in the United States. So how many televisions are manufactured in the United States today? According to Princeton University economist Alan S. Blinder, the grand total is zero.
#13 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.
#14 Back in 1980, the United States imported approximately 37 percent of the oil that we use. Now we import nearly 60 percent of the oil that we use.
#15 The U.S. trade deficit is running about 40 or 50 billion dollars a month in 2010. That means that by the end of the year approximately half a trillion dollars (or more) will have left the United States for good.
#16 Between 2000 and 2009, America’s trade deficit with China increased nearly 300 percent.
#17 Today, the United States spends approximately $3.90 on Chinese goods for every $1 that China spends on goods from the United States.
#18 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.
#19 American 15-year-olds do not even rank in the top half of all advanced nations when it comes to math or science literacy.
#20 Median household income in the U.S. declined from $51,726 in 2008 to $50,221 in 2009. That was the second yearly decline in a row.
#21 The United States has the third worst poverty rate among the advanced nations tracked by the Organization for Economic Cooperation and Development.
#22 Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95 percent of its purchasing power.
#23 U.S. government spending as a percentage of GDP is now up to approximately 36 percent.
#24 The Congressional Budget Office is projecting that U.S. government public debt will hit 716 percent of GDP by the year 2080.
Please share these statistics with as many family members and friends as you can. It is time to get real. It is time to admit that we have some really big problems.
America is in decline and the situation is getting worse by the day. If we are not willing to admit how bad things really are, then we are never even going to have a chance to find the solutions that we need.
In this edition of the Reality Report Gary reports from Gatlinburg, Tennessee and gives an update to the developing story regarding the child abduction of an associate of Oath Keepers. Nina delivers this weeks headlines, including the team up between the Southern Poverty Law Center and the Department of Homeland Security, how Obama’s Muslim Outreach program is going global, and the who is casting a Town Hall meeting with Obama. Gary sits down with the director of the Mountain Madness Film Festival, Duane Langley to talk about this years festivities. We also give you a sneak peek at a special interview from William and Gary’s new movie, “Enemy of the State: Camp FEMA 2″ with Oath Keepers Founder, Stewart Rhodes. We find out what you think in the mailbag, and brand a new Enemy of the State.
(Thomas Dishaw) Silver and gold prices continue to move north in after hours trading. Silver is up .475 to a high of $24.382. In a 24 hour period silver is up over$1.00. Gold on the other hand is propelling forward, moving up $9.38 in after hours trading. Adding to its $20.27 gain on Tuesday. Adding commodities to your portfolio is easy. Visit your local coin shop and start out small,purchasing a few American Silver Eagles every week.This is a great hedge against inflation as the federal reserve keeps increasing the money supply. If you can afford gold, buying one once coins is your best bet. Gold is a very volatile market that most speculators think will hit $5,000 per ounce in the future. Silver is at a 30 year high and is very undervalued and a little more consistent. Remember these are long-term holds don’t get nervous when the market goes down. Just be glad you don’t have a worthless piece of paper in your hands!
(InflationUS) – Government, in collusion with the banks are doing everything to keep main street real estate prices from going into free fall. With a stagnant economy, and slow or next to nothing job growth, what do you think is going to happen to real estate? 21% of home owners in FL, NV & MS live in their homes without paying rent. Can you imagine half of the country living rent free? Banks no longer can handle the tsunami of mortgage defaults so expect more banks to stop the foreclosure process. In the end, the the market will win. WE MUST see lower home prices and rental costs! The current stagnation is only hurting the responsible Americans that continue to pay their ULTRA HIGH mortgage payments and those like me, waiting on the sideline for an inexpensive place to lay my head.
The recession is clearly not over, at least when it comes to the United States’ inability to protect its citizens homes. Americans continue to lose their homes and foreclosures continue to rise, who is to blame for this crisis? Many people have said that the banks are to blame for fraudulently processing financial documents. George Hemminger the founder of Survive and Thrive TV believes the US Federal Reserve is to blame for this “Wall Street engineered collapse” because it injected too much liquidity into the market.
(Infowars.com) Alex welcomes back to the show Emmy-nominated TV reporter, screenwriter, and author Alex Abella. Abella is the author of Soldiers of Reason: The Rand Corporation and the American Empire, a study of the world’s most influential think tank, published by Harcourt. Alex was the first journalist to have full access to RAND’s files in Santa Monica, California. Abella’s non-fiction work includes Shadow Enemies, a non-fiction account of a plot by Adolf Hitler to start a wave of terror and destruction in the United States. Born in Cuba, Alex migrated with his family to the United States at age 10. His experiences inspired him to write a legal thriller, The Killing of the Saints, featuring a Cuban-American hero, Charlie Morell, who’s a lawyer and private investigator. The novel, published by Crown in 1991, was a New York Times Notable Book. Paramount Pictures optioned The Killing of the Saints and commissioned Alex to write the screenplay. He is also the author of The Great American. Alex covers the latest news and takes your calls.
(PaulWatson) – The government is preparing to seize the private 401(k) pensions of millions of Americans while enforcing an additional 5 per cent payroll tax as part of a new bailout program that will empower the Social Security Administration to redistribute pension funds in a frightening example of big government gone wild.
Public pension plans have been so aggressively looted already by the government that cities and counties face a $574 billion funding gap, according to a CNBC report.
That black hole is set to be filled by a new proposal that will “fairly” distribute taxpayer-funded pensions to everyone, by confiscating the private wealth of millions of Americans. Its proponents express staggering arrogance in thinking that they can just steal money people have worked for decades to accrue as if it’s their own.
Not only would the government confiscate 401(k) pensions, it would also impose a mandatory 5 per cent payroll tax payable by everyone, according to a hearing chaired last week by Sen. Tom Harkin (D-Iowa), Chairman of the Health, Education, Labor and Pensions (HELP) Committee.
“This would, of course, be a sister government ponzi scheme working in tandem with Social Security, the primary purpose being to give big government politicians additional taxpayer funds to raid to pay for their out-of-control spending,” writes Connie Hair.
The hearing was a platform for advocates of Guaranteed Retirement Accounts (GRAs), a program authored by Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York. Back in November 2008, Ghilarducci testified to Congress that 401(k)s and IRAs should be confiscated and converted into universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.
“You don’t hold hearings on something you don’t intend to do,” points out the Market Ticker blog. “I hate it when I’m right. I hate it even more when tens of millions of Americans are going to get reamed to pay for the crimes of the handful on Wall Street, and their crony enablers in Washington DC.”
The GRAs would be enforced by means of a mandatory savings tax equating to 5 per cent of an individual’s annual paycheck deposited to the GRA. Social Security and Medicare taxes would still be payable, employers would no longer would be able to write off their contributions and capital gains would be taxable year-on-year. In addition, workers could bequeath only half of their account balances to their heirs, unlike full balances from existing 401(k) and IRA accounts.
During a Seattle radio interview in October 2008, Ghilarducci explained the motive behind the plan, stating, “I’m just rearranging the tax breaks that are available now for 401(k)s and spreading – spreading the wealth” (emphasis mine).
However, as we painfully learned in the immediate aftermath of the original $700 million dollar bailout, which was originally sold on the basis that it would be used to pay off bad debt, governments that propose “spreading the wealth” under socialist-style financial reforms almost always collect the wealth under the pretext of being the saviors before greedily hoarding it all for themselves.
The GRA program is being pushed by the Economic Policy Institute, an organization housed on the third floor of the building occupied by the George Soros-funded Center for American Progress. The Center for American Progress is a think tank headed by Bill Clinton’s former chief of staff John D. Podesta, who was also head of Barack Obama’s presidential transition team after the 2008 election.
In preparing to seize private pensions, the United States is going the same way as Argentinean government, which in 2008 nationalized the country’s private pension plans, known as AFJPs, confiscating the wealth of millions.
“We have no doubt that here the right to private property is being violated. Not just for us but for society and the world, this is a clear confiscation,” said opposition Radical Party’s Ernesto Sanz at the time.
How will Americans react to having not only their wealth but their nest egg for future generations brazenly confiscated by the government in one fell swoop? If this doesn’t prompt widespread rioting and civil disobedience in America on behalf of the besieged middle class then nothing will.
Don’t be under any illusions, if you don’t have a private pension and think this won’t affect you – think again. Once the pretext has been created that the state can simply confiscate privately earned wealth, they can then come after anything, your gold, your home, your kids and eventually your very freedom. Once the vampire of big government gets a taste for blood, the teeth will only sink in further, and America’s resemblance to third world tyrannies will rapidly accelerate.
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a fill-in host for The Alex Jones Show. Watson has been interviewed by many publications and radio shows, including Vanity Fair and Coast to Coast AM, America’s most listened to late night talk show.
(UKDailyMail) – Looking almost as fresh as the day it was bought, this McDonald’s Happy Meal is in fact a staggering six months old.
Photographed every day for the past half a year by Manhattan artist Sally Davies the kids meal of fries and burger is without a hint of mould or decay.
Entitled ‘The Happy Meal Project’, Mrs Davies, 54, has charted the seemingly indestructible fast food meals progress as it refuses to yield to the forces of nature.
Worrying: More than three months in and the usual effects of time appear to have had no impact
Alex also welcomes back to the show Russell Means, an activist for the rights of Native American people. In 1987, Means ran for nomination of President of the United States under the Libertarian Party and attracted considerable support within the party. On December 20, 2007, Means announced the withdrawal by a small group of Lakota Sioux from all treaties with the United States government.