The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Tuesday, November 29, 2011

Crony Capitalism in the Bush Presidency as Hank Paulson gave inside information before the fall of Fannie Mae

Although most of today's analysis has been on the massive amounts of crony capitalism taking place in the Obama administration with Solyndra and other green energy monies, we cannot forget that it was former Goldman Sachs CEO Hank Paulson who helped solidify an environment of insider information to friends while in the Bush White House.

Today, BusinessWeek's Michael Serrill and Jonathan Neumann have released a blockbuster report based on a FOIA response by the Treasury, which proves that in America rules are only for little people, that this country has been a banana republic for years, that Animal Farm was spot on, and gives excruciating detail of how Hank Paulson tipped off a select group of Goldman diaspora hedge fund managers about the eventual failure of Fannie and Freddie 7 weeks ahead of this information becoming public knowledge. The report basically is a summary of a meeting that took place at the offices of Eton Mindich's Eton Park headquarters on July 21, 2008, 7 days after his famous '“If you have a bazooka, and people know you have it, you're not likely to take it out," speech and 7 weeks before both GSEs effectively filed for bankruptcy and were put into conservatorship. - Zerohedge

For anyone who thinks that voting in a different political party to create change, your utopian hopes have been shattered.  Both parties, politicians, and members who make up their cabinets have been bought and paid for long before they got to their positions, and the payoffs for that power is a crony capitalism that hasn't been seen but in Banana Republics, or empires in thieir most corrupt state of existance.

Nato go oops: Recent drone attacks and deaths in Pakistan lead to complete cutoff of supplies

It is becoming a banner year for Nato as failure to secure Afghanistan after several years of fighting, coupled with attacks on Libya and now Pakistan have led the Muslim nation and once western ally to cutoff supply routes for NATO forces.

Interior Minister Rehman Malik on Sunday said that the supply of NATO has not been suspended rather it has been stopped permanently. Talking to reporters at National Crisis Management Cell of Ministry of Interior, he strongly condemned the NATO attack on Pakistani forces.
 "NATO force should respect feelings of Pakistani nation." He said the nation and the government were aggrieved on the death of 24 officials of Pakistani security forces in the wake of NATO aggression on Salala post in Mohmand Agency. He said the decisions of the Defence Cabinet Committee (DCC) on the NATO forces attack inside Pakistan would be implemented in letter and spirit. "The decisions of the DCC are final and would be implemented," he added. - Pak Tribune

This decision could mean the end of allied occupation in Afghanistan even before Obama's pullout date, or worse, a decision by NATO to decide to punish Pakistan with strikes of their own.

Either way... are their enough men in European and US service to take on Iran as well... creating a 5-front conflict?

The evil empire strikes back: Iranian students storm British Embassy and take hostages

Unlike Libya and Syria, it appears that the Iranian people will not go so gently into that good night.  Earlier today, Iranian students stormed and invaded the sovereignty of the British empire by entering into their Embassy in Tehran, and even taking hostages in the interim.

Even more mysterious update #2:
  • IRANIAN CENTRAL TV CONFIRMS THAT EIGHT UK EMBASSY STAFF TAKEN HOSTAGE
Mysterious update confirming that something very fishy is going on here:
  • IRAN'S MEHR NEWS AGENCY REMOVES REPORT OF HOSTAGE TAKING FROM ITS WEBSITE - NO EXPLANATION GIVEN
Today's developments are rapidly turning into a repeat of Iran-Contra:
  • SIX UK EMBASSY STAFF TAKEN HOSTAGE BY PROTESTERS IN NORTHERN COMPOUND OF TEHRAN EMBASSY - MEHR NEWS AGENCY
-          Zerohedge
The Daily Economist now wonders how long it will take Nato to decide that Iran is in violation of oil domination, err wait... human rights violations as they justified in attacking Libya.

Realtors moving from home sales to rental property management

As we enter into the 4th year of the bursting of the housing bubble, a change in the paradigm of property management is being forged as Americans move away from home ownership and back to renting.

Just as the U.S. housing boom gave birth to such homebuyer websites as Zillow Inc. and Redfin Corp., services for rental properties are thriving following a surge in foreclosures and stiffening of mortgage standards. Membership in the National Association of Residential Property Managers has almost doubled in five years to a record 3,400 members, according to the Chesapeake, Virginia-based trade group.
“We are riding this sea change in how housing is changing in the U.S.,” said Reggie Brown, chief executive officer of All Property Management LLC, a Seattle-based Web service that sells property managers leads on homeowners who want to lease out their properties. “The only growth is rentals.”
Renter household formation surpassed new owner-occupied homes in 2007 for the first time since 1985 and has held the lead since, according to U.S. Census Bureau data. An average of 718,500 renter households a year were formed from 2007 to 2010, while owner-occupied households decreased at an average annual rate of 147,250 during the same period.  - Bloomberg

More than anything, this trend proves the failure of a government policy which attempted to open up home ownership to a sector of Americans who could not afford to buy, and by doing so, created a housing bubble and credit crisis that may take a decade or more to sort out.  The good side of all of this, is there are millions of new homes, some which are in the McMansion categories, that are available all around the country for a relatively decent lease rate.

Sunday, November 27, 2011

Place your bid for the Ron Paul signed Zimbabwe 100 Trillion dollar note

Currently on Ebay, a seller is putting up for auction a Zimbabwe 100 Trillion dollar note that is signed by none other than Ron Paul.


I can imagine that if this is an actual bill signed by Congressman Paul, he got a good laugh and told those in attendance that this is the path America is headed if we continue to rely on a private Federal Reserve.

You can see the auction on Ebay by going to this link.  Since the bid is up to $257, I suspect it is Ron Paul's signature that is worth the price, much more than Zimbabwe currency.

Wednesday, November 23, 2011

Baby Boomers? What retirement?

The American dream contains the end game result of being able to retire, and live out the final years of your life doing most of the things you wished you could have, but didn't have the time for during your working years.

As the scope of the economy in America has changed, and the paradigm of the American dream has been left to a bygone generation, the Economic Collapse has come out with 25 reasons why baby boomers and retirement will not be something to look forward to.

#1 According to the Employee Benefit Research Institute, 46 percent of all American workers have less than $10,000 saved for retirement, and 29 percent of all American workers have less than $1,000 saved for retirement.

#4 Today, one out of every six elderly Americans lives below the federal poverty line.

#5 On January 1st, 2011 the very first Baby Boomers started to retire. For almost the next 20 years, more than 10,000 Baby Boomers will be retiring every single day.

#8 Back in 1991, half of all American workers planned to retire before they reached the age of 65. Today, that number has declined to 23 percent.

#10 According to a recent AARP survey of Baby Boomers, 40 percent of them plan to work "until they drop".

#12 A study by a law professor at the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States. Back in 2001, they only accounted for 12 percent of all bankruptcies.

#14 What is causing most of these bankruptcies among the elderly? The number one cause is medical bills. According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance.

#15 Public retirement funds all over the United States are woefully underfunded. For example, it has been reported that the $33.7 billion Illinois Teachers Retirement System is 61% underfunded and is on the verge of complete collapse.

#16 Most U.S. states have huge pension obligations which threaten to bankrupt them. For example, pension consultant Girard Miller told California's Little Hoover Commission that state and local government bodies in the state of California have $325 billion in combined unfunded pension liabilities. When you break that down, it comes to $22,000 for every single working adult in the state of California.

#18 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010. That was not supposed to happen until at least 2016. Sadly, in the years ahead these "Social Security deficits" are scheduled to become absolutely nightmarish as hordes of Baby Boomers retire.

#20 The U.S. government now says that the Medicare trust fund will run out five years faster than they were projecting just last year.

#21 The total cost of just three federal government programs - the Department of Defense, Social Security and Medicare - exceeded the total amount of taxes brought in during fiscal 2010 by 10 billion dollars. In the years ahead expenses related to Social Security and Medicare are projected to skyrocket dramatically.

#22 The Pension Benefit Guaranty Corporation is the agency of the federal government that pays monthly retirement benefits to hundreds of thousands of retirees that were covered under defined benefit pension plans that failed. The retirement crisis has barely even begun and the PBGC is already dead broke. The PBGC says that it ran a deficit of $26 billion during the fiscal year that just ended and that it will probably need a huge bailout from the federal government.

#24 More than 30 percent of all investors in the United States that are currently in their sixties have more than 80 percent of their 401k plans invested in equities. So what is going to happen to them if the stock market crashes?

For the younger generation who is having trouble even finding a job, today is bleak, and thoughts of retirement are not even on the radar.  But for those in their 50's and early 60's, the American dream of a comfortable retirement might as well be left to the 1%ers.

Occupy Student Loans: activists grab the next financial clarion call to protest

First there was Occupy Wall Street, then came Occupy (insert city), which was then followed up with Bank Transfer Day, and now we have the beginning of the Occupy Student Loan movement.

Rather than string out more absurd catch lines for this crew, perhaps we should go straight to John Galt FLA's Occupy Bathroom movement!

Occupy Wall Street’s latest grievance centers on student loan programs and higher education reform, and the group’s most recent campaign involves a movement-wide boycott on student loan debt repayment. Early Monday afternoon, a crowd of faculty and student organizers assembled at the southeast corner of New York City's Zuccotti Park to announce Occupy Student Debt, a national initiative directed at recruiting student loan borrowers and requesting that they willfully default on their loan payments. The campaign consists of three pledges:
1. A refusal to make loan payments. This pledge will take effect after a million debtors have signed on to the campaign.
2. A faculty pledge of support for the "refusers."
3. A general, non-debtors' pledge of support for parents, the students and other public sympathizers -
New American

More and more, the Occupy Wall Street crew is nothing more than a bunch of entitlement babies who expect everyone else to pay for their free rides, and now that they are going after student loans, should they be forced into re-programming to remove the knowledge they got at the colleges of their choice?

Gold and silver prices in Europe climb even as JP Morgan downgrades them in the US

Gold and silver prices rose in Europe overnight, even as prices fell agains the US dollar, and JP Morgan downgrades of precious metals, and all commodities.

Gold is lower in all major currencies today except euros with euro gold having risen 0.25% to EUR 1,263/oz.

The euro came under pressure due to the surprise collapse in new Eurozone industrial orders which led to Germany failing to get bids for 35% of bunds offered. The German 10-year bund yield rose sharply from 1.92% to over 2.06%.

This is one of Germany's worst auctions since the launch of the Euro with the Bundesbank having to pick up nearly 40% of the 6 billion euros on offer.

The German auction in turn led to further weakness in European equity markets. Asian equity indices followed US equities lower after news of a new US bank stress test and then the poor Chinese manufacturing data.

Gold will be supported at these levels as the euro zone debt crisis continues to degenerate with the periphery increasingly affecting the core - leading to contagion. - Zerohedge

More than anything, gold will tell you the value of a fiat currency.  If the dollar gets stronger, as it has over the past month, gold will move down.  But, its indications right now of how bad the Euro and the entire Euro Zone are, should foresee much more room to grow, especially if the ECB is forced into monetization.

Tuesday, November 22, 2011

Travelers choosing to drive more this Thanksgiving than fly due to TSA intrusions

A new report from the airline industry shows that holiday flying this Thanksgiving is expected to be down 2% from last year.  In the meantime, driving is expected to be up 4% over the same time period, and citizens name one primary culprit as the reason for the changes.

TSA intrusions.

The Air Transport Association expects 2 percent fewer people will fly this Thanksgiving week compared with last year, while AAA projects a 4 percent increase in automobile travel.
Still, some travelers are bothered by a screening process that has become increasingly time-consuming and intimate, and industry representatives say they are worried that these frustrations are contributing to a decline in air travel.
Last week, the U.S. Travel Association released a market research study showing that while most travelers who have flown at least once in the past year are satisfied with the T.S.A.’s overall performance, frequent fliers have more complaints.
When asked to list their top frustrations with air travel, travelers chose these issues related to security: “the wait time to clear the T.S.A. checkpoint,” “having to remove shoes, belts and jackets at the T.S.A. checkpoint” and “T.S.A. employees who are not friendly.” - NY Times

Years after 9/11, and the introduction of current TSA practices, many Americans still find it more 'friendly' to drive a few extra miles to their Thanksgiving celebrations that to go through the hassle of the 'not so friendly' skies.

Obama gives solyndra workers massive payoff even after administration under investigation

If there is one thing that can be said of President Obama, it is that he does not fear Congress or the repercussions of his actions.  As the legislative branch continues to probe the massive loans made to campaign contributors in the Solyndra debacle, the Obama administration is set to pay out over $13 million in pseudo payoffs to workers of the now defunct company.

The Labor Department today announced that it had approved Trade Adjustment Assistance for the former employees of the bankrupt solar panel maker Solyndra.

That means all of the firm’s 1,100 ex-employees are eligible for federal aid packages, including job retraining and income assistance. The department has valued packages at about $13,000 a head.

Taxpayers will have to cough up yet another $14.3 million as a result of Solyndra’s bankruptcy. They are already on the hook for $528 million in federal loan guarantees to the company that are unlikely to ever be paid back -
Nation.Foxnews

President Obama has been consistent in one area during his first term in office... he knows how to payoff his friends with taxpayer money.  Very few have had the galll to openly administer crony capaitalism like Obama, and then throw it in the face of the American people and Congress.