Tuesday, August 14, 2012

Former Clinton Chief of Staff: Paul Ryan is Amazing!

“Have any of you all met Paul Ryan? We should get him to come to the university. I’m telling you this guy is amazing. ... He is honest, he is straightforward, he is sincere. And the budget that he came forward with is just like Paul Ryan. It is a sensible, straightforward, serious budget and it cut the budget deficit just like we did, by $4 trillion. … The president as you remember, came out with a budget and I don’t think anybody took that budget very seriously. The Senate voted against it 97 to nothing."





Tuesday, July 17, 2012

The Real Libor Scandal

By Paul Craig Roberts and Nomi Prins

"We think we can conclude that Libor rates were manipulated lower as a means to bolster the prices of bonds and asset-backed securities. In the UK, as in the US, the interest rate on government bonds is less than the rate of inflation. The UK inflation rate is about 2.8%, and the interest rate on 20-year government bonds is 2.5%. Also, in the UK, as in the US, the government debt to GDP ratio is rising. Currently the ratio in the UK is about double its average during the 1980-2011 period."

The Real Libor Scandal | July 14th, 2012

Wednesday, September 7, 2011

Jon Stewart on Ron Paul Media censorship

Results of the Iowa Straw Poll

Michelle Bachman - 28%
Ron Paul - 27%
Romney and Perry each received less than 5% of the votes

Watch comedian Jon Stewart's POSITIVELY HILARIOUS take on the media censorship of Ron Paul.


Sunday, May 8, 2011

A case of major lending institutions with no respect for the law… Part of the system that destroyed the American economy

Jeff Thigpen is Guilford County, North Carolina’s Register of Deeds, and I didn’t write the headline above, those are his words used to describe the fraudulent acts of our nation’s major banks, brought to light as part of the robo-signing scandal of last fall. (Hat-tip to reader Catherine for sending this in.)

Thigpen says that a large number of national banks, including Bank of America, Wells Fargo, HSBC and others repeatedly filed documents with forged signatures illegally notarized and other false information, and not only in his Register of Deeds office, but all over the country.

Full Article at Mandelman Matters

Sunday, April 3, 2011

We've become a Nation of takers, not makers

More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined..

By STEPHEN MOORE

If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.

It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?

We've become a Nation of takers, not makers

How likely is QE-Three?

By Gonzalo Lira

If foreign sources of funding will not cover the Federal government’s deficit after June 2011, and Washington will definitely not cut spending in any sort of realistic sense, then there really are only two—and only two—possibilities:

• The indefinite continuation of QE by the Federal Reserve.
• Or the requisitioning of private retirement accounts and pension funds.

Don’t dismiss the second possibility out of hand—think it over.

What pool of money is just sitting there, not doing much, while being legally barred from its owners? What pool of money is easily accessed, yet is large enough to fund the deficit?

The retirement accounts of the American people: Both individual private accounts, and pension funds.

After all, the total for all pension monies is roughly 100% of GDP (this includes Social Security). And the Federal government has already raided the “Social Security lock box”—that box is stuffed with Treasury IOU’s.


How likely is QE-Three?


Sunday, March 13, 2011

The curious case of Ron Paul

By Andrew Foy, MD

He is kind of like a rock star, a nerdy professor, and your crazy uncle rolled into one. Ron Paul, a medical doctor and longtime Republican congressman from Texas, is a fundraising machine who, despite his quirkiness, should be considered a serious contender for the GOP presidential nomination in 2012. But according to the mainstream conservative press, he is nowhere in the equation.

American Thinker: The Curious Case of Ron Paul

 

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