Starbucks CEO states he no longer wants belivers in traditional marriage to own their stock

10:28 AM coffeee, gay marriage, starbucks, stock, traditional marriage 2 Comments

In what could be one of the most aggregious remarks in the history of business, Starbucks CEO Howard Schultz stated at a shareholders meeting on March 24 that if you do not support gay marriage, and are instead, a believer in traditional marriage, then he doesn't want you owning Starbuck's stock.

How long until this mentality of DIVERSITY meanders into the belief that if you do not support a gay marriage agenda, then Schultz doesn't even want you drinking his coffee.

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Church to lose $100 million as EU and ECB forge policy to steal lawful deposits

10:21 AM bailout, banks, church, cyprus, ecb, euro zone, russia, theft No Comments

As Europe rejoices on March 25 as the ECB and EU complete a program to save the banks of Cyprus, other institutions in the island nation are not so jubilant.  The church of Cyprus, which is part of the Greek Eastern Orthodox church, is expected to lose $100 million of their money, as the Euro Zone bailout plan intends to steal 40% of everyone's money over $100 thousand euros.

The Orthodox Church of Cyprus has lost over EUR100 million reacted to its holdings in Bank of Cyprus. Church leader Archbishop Chrysostomos II, in comments on TV, noted that "Cyprus asked for 'crumbs' compared to large size of Europe’s budget," and that those responsible in Cyprus should be punished (he blames the outgoing government, Ministers of Finance, the Central Bank, and the Executive Directors of Banks) - "those that brought the place into this mess, should sit on the stool." - Church of Cyprus via Zerohedge

The church joins with former Russian KGB and current FSB depositors who themselves are expected to lose over $7 billion of their money, simply because they stored it legally in banks that corrupt ECB officials used to purchase toxic assets, derivatives, and massive bonuses.



Funny how legal depositors can lose 40% of their money simply for being a good customer, but a bank like HSBC can earn 90% of their windfall for providing money laundering services to known terrorists, drug cartels, and international criminals.

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Congress: The best politicians J.P. Morgan can buy

12:08 PM bank fraud, chuck schumer, congress, jp morgan, lobbying 1 Comment

With Congress finally taking time from its busy scehedule of Kabuki theater on March 15 to hold hearings on J.P. Morgan, and their evidenced fraud and deceipt in the markets, it is vastl important to understand and realize that like Jon Corzine and MF Global, or Angelo Mozzilo and Countrywide, all this blustering by the politicians will in the end, accomplish nothing.

Why?  Because a large portion of these same politicans are bought and paid for by J.P. Morgan, and their massive lobby efforts in Congress.

Courtesy of Open Secrets

And of course, all one has to do is look at the biggest villain of corporate largesse, and the one Wall Street owns lock, stock, and barrel.  None other than Democratic Senator from New York, Chuck Schumer.

Remember these numbers when you watch the Senate today appear to throw hardball questions at the current and former executives of J.P. Morgan, and know that when its done, each one will be laughing all the way to the bank.

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The 12 ways to get rid of student loan debt through bankruptcy

11:48 AM adversary proceedings, bankruptcy, guns, mental illness, student loans 644 Comments

In 2005, Congress, along with President Bush, changed the bankruptcy laws that made discharging certain debts harder to do for many Americans.  While seemingly innocuous eight years ago, the one area that has grown the fastest in the arena of consumer debt is the one area that is exempt from discharge under a bankruptcy.

Student Loans.

In Jan. of 2013, student loand became the largest consumer debt held by the American people, even surpassing that of credit card debt.  And with President Obama passing legislation to have the Federal government control over 85% of student loans, the government now holds the Damaclese sword over tens of millions of Americans who are burdened with up to six figure debt, with little opportunity to pay them off.

But there is hope, and by this, certain loopholes by which one can discharge their student loan debts in a bankruptcy.  It does not cost much, except the fact that it entails a person selling their soul to the government machine, and placing their future entirely in the hands of 'big daddy'.

According to the law, the judge has the discretion to dissolve any debts or judgements when there is sufficient cause to call for an 'adversary proceeding'.  In this proceeding, a judge may determine there are adequate reasons to have debts absolved, even under the laws pertaining to bankruptcy.

But in doing so, the individual must prove that they have mitigating circumstances which make it impossible for them to pay off these debts.  One primary reason to seek an adversary proceeding is mental illness.

Under the hopelessness criteria, one can demand a proceeding is they can determine that they have a serious mental or physical disability, for the debtor or the debtor's dependents.

What this means of course, is that you will officialy be rules mentally or physically ill, and place yourself in the database which now limits other rights and liberties one would have without government determination.  ie.... you would not be allowed to own a gun, and the government at their discretion, can force you onto medical procedures or prescription drugs against your will and desire.

Of course, there are 11 other alternatives to seeking recourse to have student loan debts discharged under special circumstances in a bankruptcy, and below are a list of options one can use to call for an adversary proceeding.

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Sequester: $85 Billion savings gone in a single day

11:26 AM borrowed, budget cuts, debt ceiling, national debt, sequester 1 Comment

After more than a month of Congrssional and Presidential Kabuki theatre over the manufactured crisis known as sequester, the Obama administration in a single day negated any potential savings the $85 Billion legislation would have cut from Federal Spending.

As you can see, the government borrowed enough money on Feb. 28 to balance out the $85 Billion in mandatory cuts, and made the entire debate over spending cuts a worthless political drama.

In just one day, the national debt increased by $80 billion, and wiped out all potential savings to the budget that might occur in 2013.

So from faux debt ceiling crisis, to the meaningless sequester crisis a month later, the year is still early for our elected officials to usher in several more crises to deceive the public on how bad the government's fiscal pocketbook really is.

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Retirees need to take heed as the government seeks control over your accounts

12:18 PM 401k, congress, ira, nationalize, retirement No Comments

As the U.S. government drowns in a debt of over $16 trillion, and revenues from taxes continue to decline in the economy, there is still one pot of gold that is ripe for the taking. 

That of your retirement accounts.

The U.S. Consumer Financial Protection Bureau recently suggested that it was imperative that they have a greater role in managing the over $19 trillion in private accounts held by the American people, and like Social Security, make them accessible to Federal control and oversight.

The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.

“That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,”bureau director Richard Cordray said in an interview. He didn’t provide additional details. - Bloomberg

This idea has already been bantered around in Congress, as former Speaker of the House, Nancy Pelosi suggested that the government should nationalize all 401K, IRA, and private retirement accounts as a means to resolve the credit crisis, and fiscal cliff.

With GDP for the 4th quarter coming in at a negative .1%, and the national debt nearly 104% of the annual production for the economy, do not be surprised if the government attempts to 'confiscate' the nearly $20 trillion in untapped assets, both to spend as they see fit, and to provide collateral to the Federal Reserve to borrow more money.

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Central Banks: Doing the same thing over and over and expecting a different result

11:11 AM central banks, economy, government, growth, keynesianism, money printing No Comments

Since the inception of central bank controls over the currency of nations, the primary tool used to attempt to create economic growth has been to expand the money supply.  This primary economic theory is known as Keynesianism, and is based on the belief that growth can be created and expanded through central bank and government intervention to artifically create higher GDP.

However, the truth bears out that this has been a failed policy in the long run, and eventually, every fiat currency devalues to the point where the currency collapses, or an economy collapses due to failed confidence in the system.  And yet, even for faux expert economists like Paul Krugman, facts are not powerful enough to dissuade men from failed beliefs and policies, and the result is an economic system that does the same thing over and over, expecting a different result, and bleating for more money infusion when their policies accomplish little.

A new graph shows how detrimental Keynesian theory and central bank money expansion is to creating growth in an economy, and makes the argument that current government polices are being done either to purposefully crash the system, or are run by men and women with mental disasbilities.

This chart proves beyond any discussion that more equals less in relation to money infusion and economic growth.  When a currency devalues from too much in the system, prices may rise, but actual growth will stymie and eventually retrace.  However, the money printers will also be left holding the bag, having to print more and more money to pay interest and debt, since economic growth revenues will shrink accordingly.

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Economic nuclear bomb: Germany calls for a return of its gold from the Federal Reserve

2:18 PM fed, federal reserve, germany, gold, inflation 4 Comments

It is one thing to force inflation and taxation on your own people, as the Federal government and Federal Reserve are doing to the American people in increasing frequency, but it is another to try to export inflation to another country.  In reponse to a new recession, and a growing disbelief in the value of the dollar, public outcry in Germany has reached the point where President Merkel is now calling for the Federal Reserve to return their gold holdings, and repatriate them to the Fatherland.

The result of these actions of course will cause economic markets to react as if hit by a nuclear bomb.  Waning confidence in the dollar as the reserve currency will only increase the tensions between American economic domination and a growing global economy desiring to move away from devalued fiat.  But even more to the point, the long standing rumors that the gold stored in the basement of the NY Fed building, along with any measure of belief in Fort Knox gold holdings, will answer the vital question, and determine if gold prices are to remain stable, or shoot up to stratospheric levels.

Does the Fed actually have the gold reserves of Germany, or will deliveries be simply gold plated tungston?



The primary reason why the Federal Reserve was holding Germany's, and other nations physical gold was due to the 1940's - 90's fear over Soviet expansion, and a stalemated cold war.  Now that Germany is capable of defending its own, and the Soviet Union has evolved into an economic Russian Federation, the need to pay the Fed to store their sovereign gold reserves is no longer necessary.

Last year, Venezuela became the first to call for a repatriation of their gold from New York, and now Germany is the second.  Depending upon the response of this demand for repatriation, and the results of the physical testing of the metal once it is returned, the potential for a rush on the gold being held in the U.S. for other countries may quickly lead into a worldwide frenzy, and a rise in gold prices to multiples of what the price is today.

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Ever wonder what hyperinflation looks like?

10:17 AM beer, belarus, dollar, euro zone, hyperinflation, money 4 Comments

Most of us have heard the horror stories of hyperinflation through the lens of the Wiemar Republic and the nation of Zimbabwe.  However, distance and time have made these events superficial, and left to the imagination since Americans are far removed from them.

But in the past two years, hyperinflation in the Euro Zone is not only becoming a distinct possibility, and in the instance of Belarus, a fact.  Forget the images of Germans in the 1930's pushing a wheelbarrow of cash just to buy a loaf of bread, and instead watch how it takes a full backpack of cash notes just to get seven packages of beer.



Now, do we in America think this is possible?  Well, our history has once experienced this after the Civil War when the Greenback fiat currency was devalued to nothing, and the government was forced to put paper dollars back on a gold and silver standard.

When it comes, it will not come slowly overtime, but will begin fast, and escalate exponentially.

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China and Japan continue to move dollars into physical gold

3:47 PM china, dollar, gold, japan, pensions 1 Comment

While less than 5% of all American own physical gold and silver as an investment, or wealth protection, Asian countries like China and Japan continue to buy the precious metal in large quantities, and look to raise the stakes by putting pension fund deposits to work buying even more.

It is time for the November update, and it's a doozy: at 90.8 tons, this was the second highest gross import number of 2012, double the 47 tons imported in October (which many saw, incorrectly, as an indication of China's waning interest in the yellow metal), and brings the Year to Date total to a massive 720 tons of gold through November. If last year is any indication, the December total will be roughly the same amount, and will bring the total 2012 import amount to over 800 tons, double the 392.6 tons imported in 2011. - Zerohedge

Japanese pension funds, the world’s second-largest pool of retirement assets after the U.S., will more than double their gold holdings in the next two years as the new government pushes for a higher inflation target, according to an adviser to the funds.

Assets held by Japanese pension funds in gold-backed exchange-traded products may expand to 100 billion yen ($1.1 billion) by 2015 from less than 45 billion yen at present, said Itsuo Toshima, who represented the Tokyo office of World Gold Council for 23 years through 2011. - Bloomberg

China has been seeking to fortify their reserves in preparation of a new global reserve currency, and one that may be tied to gold once again.  For Japan, who has been creating new trade partnerships with China and other Asian nations outside the reserve currency, the belief that coming inflation in the U.S. economy may lead to a tremendous winfall should gold escalate to high predictions for the metal.

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