by Jeff Nielson, Bullion Bulls Canada:
The United States housing market – and real estate system – is a very efficient machine. What it is not “efficient” at doing is providing affordable housing to the broadest number of Americans (the stated agenda). What it is efficient at doing is blowing-up massive asset-bubbles, and burying Americans under mountains of unpayable debt (the real agenda).
We can establish the true agenda of the U.S. government [...]
In June 2008, Canada officially apologized for forcing 150,000 aboriginal children into ghastly residential schools where they were abused sexually, psychologically and physically.
Residential schools were set up with the assumption that aboriginal culture failed to adapt to the dominant modern society. They thought native children could be successful if they assimilated into the Canadian society by adopting Christianity and speaking either English or French. Resident students were banned from [...]
by Phoenix Capital Research
So… we’ve now got both the ECB AND the US Federal Reserve promising to do “open ended” purchases of various bonds. If this doesn’t make it clear, point blank that the Central Banks don’t have a CLUE how to solve the Financial Crisis this is it.
Forget math, forget fancy economic terms. Let’s just look at this situation using common sense. The ECB, combined with the IMF, couldn’t fix [...]
by Charles Hugh-Smith of OfTwoMinds blog,
Does the Federal Reserve benefit the nation, or just the banks?
Cui bono–to whose benefit?–is a skeptic’s scalpel that cuts through the fat of propaganda and political expediency to the hard truth. Since the world has been trained (in Pavlovian fashion) to hang on every word issued by America’s privately owned central bank, the Federal Reserve, it’s appropriate to ask a simple but profound question:
Who benefits from the [...]
by Charles Hugh-Smith of OfTwoMinds blog,
The Federal Reserve is a wealth transfer machine, skimming wealth from the productive many and transferring it to the parasitic few.
Today I launch a series entitled “The Rot Runs Deep” that examines the moral and financial rot at the core of American finance, politics and culture. We have reached a unique junction of American history: the confluence of Big Lie propaganda, neofeudalism and the worship of false [...]
Aug 24, 2012
Foreign Policy published a recent article literally titled, “Two Cheers for Syrian Islamists.” In it, general editor of the Neo-Con Middle East Forum Gary Gambill concedes that the Syrian government “would not be in the trouble it’s in today were it not for the Islamists,” revealing what the West and its media houses have attempted but failed at obfuscating – that the violence in Syria is the work of [...]
From The Burning Platform:
… Not only are our recent booms and busts not unique, but they have a common theme with all previous busts – greedy bankers, excessive debt, non-enforcement of regulations, corrupt public officials, rampant fraud, and unwitting dupes seeking easy riches.
Those in the know use their connections and influence to capture the early profits during a boom, while working the masses into frenzy and providing the excessive leverage [...]
From Bruce Krasting:
Three months ago, I made fun of an ABC News report about the stock market. The occasion back then was the rise in the Dow Jones above 13,000. ABC has a panel of 13 “experts.” All 13 were in agreement; this time, the move in stocks was the real deal. All 13 experts were convinced that stocks had nowhere to go but up for the rest of the [...]
House Majority Leader Eric Cantor justifies his latest big tax break for millionaires by dragging out an old, big lie.
“CANTOR: We also know that over 45 percent of the people in this country don’t pay income taxes at all, and we have to question whether that’s fair. And should we broaden the base in a way that we can lower the rates for everybody that pays taxes. [...]
KARL: Just wondering, what do you do [...]
From Jim Quinn at The Burning Platform:
I hear the term “de-leveraging” relentlessly from the mainstream media. The storyline that the American consumer has been denying themselves and paying down debt is completely, 100% false.
The proliferation of this Big Lie has been spread by Wall Street and their mouthpieces in the corporate media. The purpose is to convince the ignorant masses they have deprived themselves long enough and deserve to start [...]
January 22, 2012
Ron Paul is not simply the anti-war candidate. He is also the national security candidate. This is an important truth that is overlooked.
The wars in the Middle East have been sold to the American people as “national security” wars, but this is a big lie. The wars have nothing to do with America’s national security interests. So, the anti-war position is the same as the pro-national security [...]
The Big Lie vs. Barack Obama (Part 1)
President Barack Obama is routinely described as being a “Muslim-Marxist” or “Muslim-Communist” or “Muslim-Socialist.”
I am often asked why we have heard or read for over two years the same lies about President Barack Obama. I have tried to explain that the Big Lie Technique is successful only if it is relentlessly repeated. Any lie heard often enough becomes “the truth.” Since WWII, the [...]
It’s fair to say that our discussion about the big lie touched a nerve.
The big lie of the financial crisis, of course, is that troubling technique used to try to change the narrative history and shift blame from the bad ideas and terrible policies that created it.
Based on the scores of comments, people are clearly interested in understanding the causes of the economic disaster.
I want to move beyond what I call [...]
Uploaded by RussiaToday on Nov 19, 2011
Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host Stacy Herbert discuss the tiny rule changes and the Zombies behind the collapse of MF Global. Meanwhile, in Pennsylvania, a Keiser-Celente 2012 bumper sticker spotted! In the second half of the show, Max Keiser interviews Barry Ritholtz about the big lie that bankers did not [...]
BY ANTONIO MARIA DELGADO
President Hugo Chávez’s cancer is spreading faster than expected and his doctors fear that he may have only a few months left to live, a former U.S. government official said Wednesday, citing sources inside the Venezuelan government.
“The international team of doctors in charge of treating Hugo Chávez’s cancer does not expect him to live more than six months,” said Roger Noriega, former U.S. ambassador to the Organization [...]
by Charles Hugh Smith from Of Two Minds
The Collapse of Our Corrupt, Predatory, Pathological Financial System Is Necessary and Positive
We are being throttled by the Big Lie: we’re told that if the predatory financial system implodes, we’ll all be ruined. The opposite is true: the only way to save our economy is to let the corrupt, pathological and flawed financial system implode.
I was recently challenged by a contributor to write something [...]
Over the weekend it was announced that the European Emergency fund may not be large enough to bailout all of the country’s who are bankrupt in Europe. This is really not a surprise.
Back in 2010 when the bailout fund was first announced I said it would prove to be another “Paulson’s bazooka” effort (in reference to Hank Paulson’s 2008 claim that a blank check to [...]
A twofer from Charles Hugh Smith today, as always from Of Two Minds
Corporate America Really Really Cares About Its Employees (Really)
Scrape away the Human Resource Department rah-rah about “our mission” and how much your loyalty is “valued,” and what’s left? A paycheck and a sucking sound.
Let’s state the heretical obvious: Corporate America, you suck. We could count the ways–subverting democracy via your lobbying and [...]
From Jim Quinn of The Burning Platform
QE2 – The Bernanke Chronicles
Our self proclaimed “expert” on the Great Depression, Ben Bernanke, seems to be feeling the pressure. His theories worked so well when he modeled them in his posh corner office at Princeton. He could saunter down the hallway and get his buddy Krugman to confirm his belief that the Federal Reserve was just too darn restrictive between [...]
At Chernobyl there was a fire, an explosion and radioactive material was exploded and ejected over miles. They used 600,000 liquidators to pickup much of this radioactive material.
Sure at this point the Tera-Becquerels were reported higher at Chernobyl, however, much of the release was picked up. No doubt, Europe was blasted with radiation nevertheless.
At nuclear test sites from the 1950′s the fish around there are still [...]
Seven months ago, when the horrendous August 6 NFP print set the stage for Jan Hatzius to lower his outlook for the economy (and all the other sellside lemmings to follow suit), resulting in the announcement of QE2 three weeks later at Woods Hole by our dangerous monetary Dr. Moreau (not our definition: Sean Corrigan’s – more on that later), we dubbed an article [...]
Today our reported National Debt is $13.362 TRILLION. This is the first big lie. There are two entities named Fannie Mae and Freddie Mac that happen to be 80% owned by the US government. Anyone who thinks these two companies can operate without the backing of the US Government are delusional. The US taxpayer is on the hook for these two disastrously run companies. Somehow, government accounting doesnâ€™t require their [...]
As a distant observer, it is undeniable that U.S. politicians, the Federal Reserve, and crafty financiers on Wall Street are responsible for the underlying global financial crisis. As a recent Chinese economist stated, where ever there is wealth in the world, and in particular the U.S. (i.e., 401K, Real Estate, etc), opportunistic and deceptive practices by investment bankers on Wall Street eventually steal it while politicians turn a blind [...]