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?

Wednesday, January 4, 2012

US begins 2012 completely bankrupt and within spitting distance of debt ceiling

As 2011 came to a close, the US national debt remained above the countries GDP numbers, validating that the Federal government owes more money than the nation takes in.  That, in no uncertain terms, equates to being bankrupt.

On top of this, the government has blown through the $1 trillion allotted to it by Congress back in August, and is within $14 billion of reaching the mandated debt ceiling once again.

Chart courtest of Zerohedge

At what point does the entire system seize up and default?  That is the question of confidence remaining for the US, the dollar, and the reserve currency.

Tuesday, January 3, 2012

Is Mark Levin the new James Carville? Levin threatens Rand Paul over his fathers presidential run

In this year's election more than ever, the so-called conservative pundits have come out of their shells to show their true colors.  Sean Hannity, Bill O'Reily, and especially, Mark Levin have proven to be establishment RINO's who seek globalistic fascism over Constitutional protections.

Now it appears, Levin has gone way over the top and has morphed into the Republican version of James Carville.  In a radio address this week, Levin shows his utter hatred of Ron and Rand Paul by threatening to unseat the Kentucky Senator should his father run as a third party candidate, and split the vote of RINO favorite Mitt Romney.

You can hear his rant at Real Clear Politics

The battle lines are being drawn... fake conservatives vs RINO's, and the hatred that is splitting the once proud GOP has come down to talk show hosts using their pulpits to impose threats over dialogue... just as they did with Medina in Texas, and Christine O'Donnell when were both thrown under the bus.

New study shows that US economy hinges on the fate of the Euro banks and crisis

In a little known study that came out of Princeton University recently, American banks are so leveraged and so tied to their European counterparts that the fate of the US economy hinges on the outcome of Europes ability to solve their debt crisis.

One of the reports making the rounds today is a previously little-known academic presentation by Princeton University economist Hyun Song Shin, given in November, titled "Global Banking Glut and Loan Risk Premium" whose conclusion as recently reported by the Washington Post is that "European banks have played a much bigger role in the U.S. economy than has been generally thought — and could do a lot more damage than expected as they pull back." - Zerohedge

For those already in the know, this is the primary reason out central bank, the US Federal Reserve, has been willing to use taxpayer money to bailout the European banks with such frequency.  For the talking heads however, who can only wait in anticipation for rumors over actual news, this might come as a shocking revelation, only to be discounted as 'fearmongering' and 'conspiracy theory', which normally is the case for those entitites that use NLP to push Americans toward a desired belief.

Monday, January 2, 2012

It pays to support Ron Paul... just as Kelly Clarkson

Last week, American Idol singer, and musician in her own right Kelly Clarkson spoke out and gave her endorsement of Ron Paul.

She took much flak for this from the Hollywood elites and progressives, but lo and behold, in the end, Clarkson got the last laugh as her record sales soared 200% after making the announcement.

Kelly Clarkson’s endorsement of Republican presidential candidate Ron Paul appears to be helping her record sales. By a lot.
After voicing her support for Paul, and taking heat on Twitter in the process, Clarkson’s latest album, Stronger, is going gangbusters on Amazon, spiking 200 percent in sales on the e-tailer within a 72-hour period, according to the website. - The Daily Caller

Paging the Dixie Chicks... perhaps if they had learned who to support in their heyday their careers may not have experienced such a stumbling block.

Recession continues in Europe as economy contracts for 5th straight month

GDP growth in European countries contracted for the 5th straight month, solidifying the fact that the Western economies are in recession, and have little expectation of coming out of it anytime soon.

Or as Clubber Lang (Mr. T.) predicts for the Eurozone...

Following today's release of European manufacturing PMI data we are sadly no closer to getting any resolution on which way the great US-European divergence will compress. Because all we learned is that, very much as expected, Europe managed to contract for a fifth month in a row, with the average PMI in Q4 2011 the weakest since Q2 2009, essentially guaranteeing a sharp recession once the manufacturing slow down spills over to GDP. The only silver lining was that the contraction across the continent was modesty better than expected, however if this merely means that the band aid is being pull off slowly and painfully instead of tearing it off is up for question.
The released December manufacturing PMIs were as follows:
  • Italy: 44.3 vs 44.0 previously, exp. 43.8
  • France: 48.8 vs 47.3 previously, exp. 48.7
  • Germany: 48.4 vs 47.9 previously, exp. 48.1
  • Greece: 42.0 vs 40.9, nobody cared about expectations as the economy is total freefall
-          Zerohedge

Euro celebrates its 10th anniversary while lying in a death bed

On January 1st of 2012, the wonderous fiat currency creation known as the Euro celebrated its 10th anniversary.  While most purely fiat currencies in history have a life cycle of 40 years, this one, because of its lack of national hegemony, appears fated to not see its 11th birthday, or at best, be relegated to the fate of hyperinflation to stave off inevitable devaluation.

However, the EU, like most political organizations, must rely on propoganda to keep itself, and its ill-fated currency in power.  So enjoy the happy happy joy joy presentation of the 10th anniversary of the Euro.

Courtesy of ECBEuro

Sunday, January 1, 2012

Local governments hiding money from citizens

An interesting study by the American Free Press came out in 2011 regarding a growing trend in many states to hide money away from the 'public records', while at the same time claim budget deficits and the perception of insolvency.

But Minnesota had $2.9 billion hidden from taxpayers in fiscal 2010, which ended June 30.
Assets exceeded liabilities by $10.9 billion. Another $2.9 billion in “unrestricted net assets” were hidden from public view.
What all states are not saying is they have plenty of bucks salted away, but you aren’t supposed to know that. Each year, all state and local governments prepare a financial report on assets, liabilities, revenues and expenditures called the Comprehensive Annual Financial Report, or CAFR. You read about the budget and how your tax dollars are supposed to be spent in your local newspaper, but you don’t read about money hidden in the CAFR, because America’s controlled media hides these important facts.
Walter Burien, a former commodity trader and leading authority on CAFRs, claims that state governments are sitting on more than $600 billion worth of assets. And that’s just the states. When you tally up the holdings of all 85,000 local, state and federal governments, the value of all of the assets comes to about $60 trillion, says Burien.
“Being that the CAFR is the accounting document for every local  government, and with it effectively being blacked out for the last 60 years, this intentional omission of coverage is the biggest conspiracy that has ever taken effect in the United States,” said Burien. It’s “the biggest game in town.” - James P. Tucker Jr via the American Free

Just remember these hidden stores of cash the next time you think that governments are for the benefit of the people, not the other way around.  What this hidden cash is for, or whom it goes to is an intrical part of why the ultra rich, and the political stooges who represent them, is the trillion dollar question.

Thursday, December 29, 2011

Tax the rich? Why not go after foundations that use tax code to profit themselves

501(c)3 corporations were created to help organizations such as churches and small charities avoid taxation for the work they do in helping the American people.  Unfortunately, the tax code is now so convoluted, that organzations such as the AARP can sell themselves to endorsements, to the tune of $600 million, and call it 'charitable benefits'.

Congress is attempting to fight back, but in this case, AARP may have the upper hand.  As a billion dollar non-profit, they have the resources to defend themselves quite easily from what is being deemed as an attack by the government to have the IRS re-evaluate their non-profit status.

Three members of Congress have shot a cannon at the American Association of Retired Persons (AARP). Republicans Herger (CA), Boustany (LA) and Reichert (WA) sent a letter to the head of the IRS asking that the tax status of AARP be reviewed. - Bruce Krasting via Zerohedge

AARP has come under fire in recent years for using its funds to support Obamacare, which will have a vastly negative result for their customers and members.  And like most Unions, foundations that act under the tax-exempt 501(c)3 protection end up being cash funnels for politicians, at the detriment of citizen representation.

Taxing the rich is a feel good proposition, but if you want to protest organizations that rake in serious dollars at the detriment of the common man, 501(c)3's may be the first place to look.
Just go ask your local mega-church Pastor who lives in a million dollar home, with private jets, and compounds while their congregations are without jobs and income.

Europe has no idea as seen by today's comments from Italy's PM three card Monti

To know for sure that the Euro and Euro Zone are toast, all one has to do is look at the multiple contridictions said last night by Italian PM Mario Monti, and his complete failure to say anything in regards to the future of the debt crisis.

Oh and this...

It is almost hilarious (sad funny) how ignorant these technocrats think the markets are, and how ignorant in fact, they themselves appear to everyone.  It beckons back to a time of Saturday morning cartoons, and Bullwinkle trying to sell is his own three-card Monti.

Jim Willie: The disconnect between paper and physical gold is underway

As many gold bugs sweat a little these days with the pullback in gold prices, and talking head analysts on CNBC and Bloomberg pounce on the drop in prices as if their several years of being wrong on gold is somehow now validated, professional metals analyst Jim Willie has a few things to say about the market.

Divergence between paper gold and physical gold price is happening, the process begun. Actual physical shortages have kept the price up. The naked shorting of futures has kept the paper price down. The fraud cases and lawsuits, with no hint of prosecution, provide the levered force to create much wider divergence, as traders and entire firms depart the tainted crime scene that is the COMEX. Trust has vanished along with private accounts. At the center of the backdrop for the divergence, apart from the criminal events, is the economic deterioration and asset market downdraft. It leads to margin calls, loan payment obligations, fading investor confidence, negative sentiment, and a desire to avoid loss. Hence the huge liquidity concerns, selling of good assets that command a strong price, and central bank encouragement of gold sales even with lease. - IB Times

As we head into 2012, all indicators point to a deflationary period, and an inevitable massive bailout of both Euorpean and US banks through central bank monetization.  For holders of physical gold, they know that nothing goes in a straight line up, and pullbacks are healthy.  When they finally consolidate, and the paper markets become a desert wasteland of HFT trading, the real prices will go back to the physical markets, and in them, supply and demand will be king.