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?

Monday, October 15, 2012

Government bailouts and Fed QE is solely about creating more wealth for the rich

Those animated bears are back, and this time they are breaking down how the government bailouts, along with Federal Reserve QE policies, are solely about making more money for the rich.  It is greed, theft, and a destruction of the American monetary system at its finest, while Uncle Sam simply keeps the bread and circuses of welfare and entertainment flowing to dull people from ever seeing the destruction.





This animation shows pure and simple that the credit crisis, trillion dollar bailouts, Federal Reserve actions are built to enhance the rich and major corporations, keep people spending money they don't have, and drain the last vestiges of true wealth from the economy and American capitol.

Tax the rich?  Like the meager fines placed on big banks for theri billion dollar fraud schemes, people like Warren Buffet are happy to pay a few million in a PR move to hide the fact he earned billions of of your taxes.

Monday, October 8, 2012

First National Bank of Apple could be next big release

General Motors did it, Sears and JC Penny have done it, and so have a number of blue chip corporations.  Creating your own finance company, which bypasses banks and allows for a whole new revenue stream for sales and gathering interest payments is an American institution, with both Google and Amazon now joining in the mix.

So this then begs the question for the world's largest tech company... how long until we get to see the First National Bank of Apple?


Google is getting into the credit business for the first time, with the launch on Monday of a programme in the UK to finance purchases of its search advertising by businesses.

The move marks the opening of a new front in the battle between the biggest internet companies, as they turn to their balance sheets as a source of competitive advantage. Amazon said last week that it had begun making loans to independent sellers that offer their products on its marketplace, marking the online retailer’s first move into financial services.


Google’s decision to issue its own credit card, which will also be made available in the US within weeks and other unspecified countries later, signals the company’s first attempt to use its huge cash reserves to support its core search advertising business by subsidising low-interest rate credit lines. - Financial Times

Apple has prided itself on being different and independent of the herd mentality, but in the end, the potential gain of being able to finance your own products to the miltiude of Apple zombies is something that might be too enticing to avoid.

Courts may soon decide if you really own what you buy

Governments through the time of our nation's history have distorted and broken the bond of right to personal property through taxation, regulation, and sometimes, outright theft (BATF and Eminent Domain).  But a soon to be court case could completely eradicate American's right to control over the things they buy in the economy and at retail stores.




Under the doctrine, which the Supreme Court has recognized since 1908, you can resell your stuff without worry because the copyright holder only had control over the first sale.

That’s being challenged now for products that are made abroad, and if the Supreme Court upholds an appellate court ruling, it would mean that the copyright holders of anything you own that has been made in China, Japan or Europe, for example, would have to give you permission to sell it.

“It means that it’s harder for consumers to buy used products and harder for them to sell them,” said Jonathan Band, an adjunct professor at Georgetown University Law Center, who filed a friend-of-the-court brief on behalf of the American Library Association, the Association of College and Research Libraries and the Association for Research Libraries. “This has huge consumer impact on all consumer groups.” - Market Watch

In agriculture, companies like Monsanto have already been successful in suing farmers who just happen to have crops grown on their land from seeds that inadvertantly blew in from another farm.  Absolute control over rights to how we grow food is just one phase under attack in America, and now the courts will have to decide if a companies product is simply a lease to consumers, and not a full purchase.

If the court chooses to side with corporations on this, then the ramifications to the U.S. economy could be devastating, as Americans may choose not to buy anything outside basic necessities and ignore products where corporations retain ownership over ones use and right to distribute as they see fit.

Friday, October 5, 2012

Unemployment numbers the Chicago way: Obama administration skews last report before the election

Since the results of the first Presidential debate on Oct. 3 were a complete fiasco for Obama, many people in the beltway, and financial sectors, knew that something big would be dropped on the American people to try to save the election.  On Oct. 5, that news was published as the newly manipulated BLS report on job creation led to a drop below 8% unemployment for the first time since 2009, and not surprisingly, during the last reportable month before the election.


Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers - Jack Welch Tweet

But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons soared by 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009 - Zerohedge

The Labor force participation rate rises from 30 year lows to 63.5% to 63.6%



So what we see in this months report, which will assuredly be revised by a multiple of 5-10 next month, or during the final annual report, is a last ditch attempt to brainwash Americans before the election that Obama's economic policies are working, and that people are finding jobs (that no on can really make claim to), on paper vs. the real world.

It's not about truth in the world of politics, its about the perception of truth, and as former GE CEO pointed out, its the Chicago way.

Thursday, October 4, 2012

Al Gore channels his Joe Biden in blaming altitude for Obama debate fail

When speaking without a script or in the case of President Obama, a telepromptor, candidates sound the best when they speak with conviction of what they believe, and speak the truth as they see it, not as they want to portrary it.

In poll numbers across the board that show Romney trounced the President in the first debate on Oct. 3, there was no question who spoke what they believed, and what their true convictions are.  And becuase of this, liberals, Democrats, and the media were forced to spin information in overtime as to why Obama did so poorly, and looked like the lesser man in front of the cameras.



However, one liberal that is well known for both lying and exaggeration, came up with the most preposterous excuse for Obama's failed debate.  Channeling his inner Joe Biden, former Vice President Al Gore went on national television and said it was the altitude in Denver that led to his inability to properly speak and respond to questions.



Just as the President continuously blamed Bush several times during last night's debate, Al Gore is the epitome of liberals and Democrats who refuse to take responsibility for their own shortcoming, failures, and actions.

What is next Al?  Will Obama lose the Presidency due to a rise in the oceans from global warming and other psuedo sciences you tout as fact.

Tuesday, October 2, 2012

Social Security benefits to reach $65 billion per month to government

It appears to be fortunate for the elderly and those on Social Security that Ben Bernanke implemented QE4evr last month, just as the national debt crossed over $16 trillion dollars.  Accordingly, that additional money is soon going to be needed as on Oct. 2, the cost to the government and to taxpayers for Social Security benefits has now reached $65 billion per month.



-The monthly SS payout is bigger than the market cap of some well know companies, including: Amex, 3M, US Bankcorp, Amgen, eBay and Caterpillar. Goldman Sachs is worth a measly $54b. SS could buy the whole thing with just three-weeks worth of payout.

-The annual cost for SS is greater than the ridiculous monster market cap for Apple. If SS used its muscle to buy big cap stocks, it could buy up all of the shares of Microsoft, Wal-Mart and Google in less than a year.

The annual SS payout is about the same as the GDP of the Netherlands. It is well larger than the output of either Turkey, Switzerland or Saudi Arabia. In 2013 SS will spend more than the GDP of Indonesia, a country of 250m people. - Bruce Kasting

Chart courtesy of Bruce Kasting
When you add this cost to the 47 million Americans on food stamps, and the over 100 million Americans who receive some form of government benefit, you begin to see why the system has no choice but to inevitably collapse at some point, and no amount of Fed spun money can keep up with the promises and corruption of politcians.

Americas broken down welfare system where millionaires receive unemployment

One of the biggest complaints about any government run system or agency is the sheer size and ineptitude of their bureaucracies.  From paying rents or leases on unhabited buildings, to propping up failed agencies such as the Department of Education or the Postal Service, government waste costs taxpayers hundreds of billions of dollar per year.

So it probably won't come as much of a surprise that a new report on Oct. 2 from the Congressional Reserch Center shows that in 2009, the Federal government actually paid unemployment benefits to over 2370 households that earned over $1 million dollars.



Just because millionaires are people too, and they too can apparently lose their jobs, we now learn courtesy of the Congressional Research Center, that in 2009, 2,362 Americans making over $1,000,000 in income (and just shy of a million people making over $200,000) collected unemployment benefits. - Zerohedge


Through the last decade, government programs have paid welfare to many different people and agencies that did not need it, and fell outside the intended income levels of the program.  But rather than reform these broken programs that cost the taxpayers $billions, more often than not, Congress enlarges these agencies, and puts good money after bad to keep creating the largest welfare state in the history of the world.

NerdWallet breaks down the history behind the Forbes 400 richest Americans

NerdWallet is a company that provides information and resources for consumers that focuses on customer relationships in the market.  Through their web portal, they strive to invoke new ideas using fundamental principals in investing, finance and economics.

Recently, NerdWallet created an infograph of the Forbes top 400 riches Americans with their related demographics and industries through which they accumulated their fortunes.  With a net worth of $1.7 trillion, these 1%ers invested or built the largest industries which helped grow America to the #1 spot in world economies.

The Forbes Richest AmericansVia: NerdWallet

For more on NerdWallet, their current and past articles on finance and economics, you can go to their website to read and search daily and archival information.

Monday, October 1, 2012

Gold closes in on $1800 on events in Spain and words from Fed President

In early morning trading on Oct. 1, gold and silver both shot up to new 2011 highs on news out of Spain of a potential bailout, and additionally, through the desire for even greater Fed action by Chicago Fed president Charles Evans.



Gold and Silver and surging this morning as the Fed's Charles Evans talks on CNBC of the need for more accomodative policy by the Fed. His 'infiniter' easing seems to have sparked this move as he clarifies the seeming psychopathy of the Federal Reserve's actions. His message clearly is that the amount doesn't matter (nor the unintended consequences), the printing and flooding of money into an already stuffed banking system will continue until morale improves. - Zerohedge

To add more fuel to the fire, Europe came out with new unemployment numbers for the Eurozone, and the jobless have now reached record levels.

The eurozone unemployment figures came in at 11.4% in August. This data was compiled for the 17 nations in the single currency and equals the data of June & July after their figures were revised upwards.

This is the highest since they began recording the eurozone jobless claims in 1995. In a region with such diverse economies Germany remains at 5.5%, while debt beleaguered Spain is at 25.1%.

This clearly shows that the economic crisis in Europe is far from over and certainly cast doubts that the ECB bond purchase plan can resurrect the economy. The ECB is targeting the economy to contract again at -0.40% down from an earlier forecast of -0.10%.

Factory output has shrunk for 14 consecutive months and businesses must continue to trim the fat of their organizations during these recessionary times.

The report showed that 18.2 million people were jobless in September; this is an increase of 34,000 people versus the previous month. - Goldcore via Zerohedge

The Western economies are cracking, with recessionary numbers in durable good sales, and GDP numbers.  Unfortunately, the FED's recent action of open ended QE is not doing much to stave off collapse in Europe, and inflation in the US is already showing signs of exploding with gas prices over $4 a gallon in many state regions.

The American system of the petro dollar is ripe for collapse

A few weeks ago, the Daily Economist wrote a piece on another website of the game changing revelation in China where they will now be bypassing the dollar in oil transactions, and allowing all countries around the world to buy and sell oil in a currency other than the dollar.  This sea change is an attack on US hegemoney over the reserve currency, and the currency known as oil, and would be the primary catalyst in destroying the economy without firing a shot.

Dollar no longer primary oil currency as China begins to sell oil using Yuan

http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan

In fact, world renowned commodities trade Jim Sinclair expanded upon this move, and said that the ultimate goal was a bypassing of the SWIFT system, which is used globally for all transactions between currencies.



What this article really said, if you have the eyes to see it, is that China has a system in place to offset the effect of being shut out of the SWIFT system, the economic nuclear weapon of the West. That proves that the premature threat and use of the SWIFT system against Iran will have rendered this economic weapon useless in the future. The mistake the West made prematurely using the economic weapon, the SWIFT system, will come back to haunt the West as extremely expensive. Had this not been used prematurely, it could have shut down major nation’s economic processes by electronically deleting the enemy from the SWIFT system. Therefore the taking and making of settlement on international transaction would have fallen back on only the gold a nation had. Everyone had gotten lazy so both enemies and friends were settling international transactions on SWIFT. History will see this as the mistake of the century. Now all opposed to each other have or are developing their own electronic payment system free of SWIFT. - Jim Sinclair

Now, the Republic of Texas TV has created a video explaining the history of the petro dollar, and what it would mean to all Americans if the global economy suddenly rejected the dollar as the reserve currency.



China, along with Russia has already made the first moves, and pandoras box has been opened.  What we choose to do to hedge the coming changes is all about the understanding of sound money and assets, and what both gold and silver (physical) mean about wealth protection.