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, August 20, 2013

Had a bankruptcy last year? No Problem! FHA has a mortgage for you as Obama pushes to re-inflate housing bubble

As mortgage lenders around the country begin to suspend operations and layoff workers, the Federal Housing Administration (FHA) is ready to throw away financial sense and offer Americans a new loan program.  In an FHA Mortgagee Letter 2013-26 published this month, the largest mortgage backer in the country is offering loans to people who have gone just a full year since filing for bankruptcy with the intention of re-inflating the housing bubble.



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Monday, August 19, 2013

JP Morgan surprised their gold price manipulation no longer effective in forcing prices down

In last weeks publication of Flow’s & Liquidity, JP Morgan noted that the rise in gold prices appeared to be tied to numerous hedge funds that were dissolving their GLD ETF holdings to go long in OTC derivatives as gold prices begin to rise due to higher demand.  These actions have led the bank to desperately seek physical gold for delivery from multiple sources such as HSBC and Scotia Mocatta, and are revealing the end game consequences of their years of forcing down paper gold prices in the market.



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What does Congress and Islam have in common? They both are exempt from Obamacare

Earlier this month, Democrats flocked to President Obama demanding action which would ensure they and their staffers would not be liable to the edicts of the Health Care bill (Obamacare) they pushed through Congress in 2009.  And in a ruling made by the Executive Branch’s Office of Personnel Management on Aug. 2, this ‘crisis’ was averted.
So now Congress, who promised the American people a fair health care plan that would last generations, now can add themselves to the nation of Islam, which under the provisions of Obamacare, is exempt from its requirements and taxes.
 
 
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Sunday, August 18, 2013

As the West continues to print money, Russia quietly became the largest economy in Europe

Real economics is not about debt and money printing, but about tangible resources, production, and growth.  And while the West continues to rely up central bank easing to keep their financial systems from collapsing, Russia has quietly moved into the 5th spot in global GDP, and became the largest economy in Europe, even surpassing Germany.


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Friday, August 16, 2013

Economist Jim Willie calls for Bernanke's P.H.D. to be stripped for disproven doctoral thesis

Jim Willie: Bernanke should have his thesis and P.H.D. stripped

On Aug. 13, economist Jim Willie was a guest on the Trunews radio program.  During the hour long interview, Dr. Willie stated that Fed Chairman Ben Bernanke, who made his bones writing a doctoral thesis on how the central bank could have staved off the Great Depression through the pumping of massive liquidity into the system, should have both his thesis and P.H.D. stripped since his own polices as the head of the Federal Reserve have disproved his own paper.
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Thursday, August 15, 2013

Could China be making a move to put pressure on the dollar through interest rates?

Interest rates beginning to rise as China and Japan dump Treasuries

From the beginning of May through to the end of June, interest rates soared 100 basis points to their highest level in two years.  The catalyst for this appears to be coming from Asia, as China and Japan sold off $40 billion worth of their reserves at the exact same time interest rates shot up.
 
In fact, on Aug. 15, the 10-year Treasury bond yield rose to over 2.75, which is the highest it has been in two years.
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Wednesday, August 14, 2013

Bad year for Bloomberg as court declares ‘stop and frisk’ policy unconstitutional

First it was his attempted ban on soda pop that got shot down by the courts, and now on Aug. 12, Mayor Bloomberg received his next piece of bad news as a New York district court declared the city’s ‘stop and frisk’ policy not just discriminatory, but unconstitutional.
Maybe he has hope for his attempts at gun banning in other states… uh not there either.

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New York Subpoenas BITCOIN operators After Judge declares Digital Currency real money

On Aug. 13, the state of New York’s Regulatory office issued subpoenas to every major Bitcoin operator just days after a Federal judge declared that the digital currency was in fact, real money.  In a statement today from NYSDFS’s superintendent Benjamin Lawsky, the regulator confirmed that the government no longer recognizes Bitcoin as a parallel to a barter currency, and that it must now follow national and international regulatory laws as any other globally recognized currency does.


Read more on this article here...

Tuesday, August 6, 2013

Inflation: Nearly half of Americans make less today than in 1968

If you were to dollar cost average the wages Americans earned from 1968 to the present, adjusting for inflation and the Federal Reserve's devaluation of the dollar in that time, you would find that nearly 40% of all Americans who earn a minimum wage or less in 2013, earn much less than someone who made a minimum wage income 45 years ago.



Back in 1968, the minimum wage in the United States was $1.60 an hour.  That sounds very small, but after you account for inflation a very different picture emerges.  Using the inflation calculator that the Bureau of Labor Statistics provides, $1.60 in 1968 is equivalent to $10.74 today. 

And of course the official government inflation numbers have been heavily manipulated to make inflation look much lower than it actually is, so the number for today should actually be substantially higher than $10.74, but for purposes of this article we will use $10.74.  If you were to work a full-time job at $10.74 an hour for a full year (with two weeks off for vacation), you would make about $21,480 for the year. 

That isn't a lot of money, but according to the Social Security Administration, 40.28% of all workers make less than $20,000 a year in America today. - Economic Collapse Blog

So if you wondered why 4 out of 5 Americans now live in poverty, are jobless, or receive some form of welfare assistance, all you have to do is look at the Federal Reserve and Federal government, and realize that all problems in our economic lives lay at the feet of these two entities.

Friday, August 2, 2013

How to become wealthier at the press of a button

Like prior Presidential administrations, growing pressure on Barack Obama forced the Commander in Chief to change the data modeling of how GDP was determined, and to make it look like the economy was improving well above its actual levels.  In fact, the data stream that was changed in the GDP model was...

How much money you (American people) make as income!

Because of these new changes to the GDP formula, and not the actual real jobs and production data, America suddenly became $300 billion richer, and accordingly, the stock markets responded by reaching new all-time highs.



We are delighted to advise Americans everywhere that you are all now making some $300 billion more than you were before the 8:30 AM revision. At least that's what the Bureau of Economic Analysis says: according to the quarterly revision, the revized annualized Disposable Personal Income is really some $300 billion higher compared to the pre-revision number. You are all richer!

What's that? You don't feel a dollar richer compared to this morning? That's irrelevant: everyone is now making about 2.4% more. A revised number in an Excel spreadsheet on a government computer said so, so it must be true. - Zerohedge

America!  Time to go out and feel richer even if you aren't actually richer.  Your government has printed you more income, out of thin air!

As a reality check however, the REAL reason the government made these formula changes was so that THEY could borrow more money, and artificially lower the debt to GDP ratio that was nearing an all-time record of 110%.