Author: jimmy

Prelude to a Crash

The Fed’s easy money policies have pushed margin debt on the New York Stock Exchange (NYSE) to record levels laying the groundwork for a severe correction or another violent market crash.
Buying equities on margin, that is, with loads of borrowed cash, is a sign of excessive risk taking the likes of which invariably takes place whenever the Central Bank creates subsidies for speculation by keeping interest rates pegged below the rate of inflation or by pumping trillions of dollars into the bloated financial system through misguided liquidity programs like QE.

Enough Is Enough: Fraud-ridden Banks Are Not L.A.’s Only Option

Mega-banks might be too big to fail. According to U.S. Attorney General Eric Holder, they might even be too big to prosecute. But they are not too big to abandon as depositories for government funds.
If North Dakota can bypass Wall Street with its own bank and declare its financial independence, so can the City of Los Angeles. And so can the County. And so can the State of California.

Millions Are Now Realizing They’re Too Poor For Obamacare

By Jeffrey Young (Huffington Post) Thanks to a Supreme Court ruling and staunch Republican resistance, Marc Alphonse, an unemployed 40-year-old Marine veteran who is essentially homeless, cannot get health insurance under Obamacare. Three years ago, Alphonse learned he has a kidney disorder that will deteriorate into kidney failure, and possibly prove fatal, if left untreated. As it stands now, he […]

Anti-NATO Forces Retake Areas in Southern Libya

Since mid-January forces that remain allied with the former Jamahiriya political and economic system set up by Gaddafi have taken control of several cities and towns in the south. Clashes have also been reported around the capital of Tripoli, where nationalist forces have fought pitched battles with militias and military forces backed by the GNC regime.

Festival of Dangerous Ideas 2013: David Simon

There are two Americas. In one, bankers get golden parachutes, insider traders return to society as well-paid consultants, and influence is for sale. In the other, opportunity is scarce and forgiveness scarcer, jail awaits those caught possessing recreational drugs, and cries for help are ignored. Society preaches forgiveness for the rich and retribution for the poor. Entrenched inequality and its companion, poverty, are the dark side of the American dream for a citizenry united by name, but not by rules.

The International Banking Cartel

A look at the International Banking Cartel led by the Bank for International Settlement (in Basel, Switzerland) known as the bank of central banks (58 central banks) and The US Federal reserve System. Also a look at banking tycoons: from the Rothschild family in Europe to JP Morgan and others in the US. How banks not only control governments but also appoint politicians through huge campaign donations. Governments at the service of the major banks, the best example: the Obama administration and the history’s biggest bail out of the same institutions that caused the Great Recession.

Roger Waters takes Neil Young and Scarlett Johansson to task on Facebook

Noting he had written each one privately, the pro-BDS rock star lamented that he was “confused” about Young, who was “always one of my heroes,” coming to Israel to give a concert, and that Johansson, who “was a young woman of strength and integrity” had made an “about face” in choosing to be a spokesperson for Israeli company SodaStream.

‘Not Even Close To Reality’ – Filtering Sources On The Syrian War

Elite proprietors and parent companies naturally select editors to represent the interests of elite power. Because the same interests run all major media outlets, it is no surprise that they flip as one, like a flock of starlings, towards favourable sources and away from unfavourable ones. The autocratic nature of the media system means that the public has no way to ask even the most basic questions about these decisions. We, for example, are largely dismissed as annoying malcontents.

Why Is The Fed Tapering?

Manipulation of the gold price is a foregone conclusion. The question is: why is the Fed tapering? The official reason is that the recovery is now strong enough not to need the stimulus. There are two problems with the official explanation. One is that the purpose of QE has always been to support the prices of the debt-related derivatives on the balance sheets of the banks too big to fail. The other is that the Fed has enough economists and statisticians to know that the recovery is a statistical artifact of deflating GDP with an understated measure of inflation. No other indicator–employment, labor force participation, real median family income, real retail sales, or new construction–indicates economic recovery.

The Plan for Iraq

I believe that the architects of the plan (Dick Cheney, Paul Wolfowitz and others) were so sure that the anti-Muslim, anti-Mid-east feelings among Americans brought on by media lies over the past 25 years would allow them to get away with almost anything. If they created a big enough lie they could get the American people to “go along” with their plan.