Financial Insider: “We Are Moving Into the Last Stages Before An All Out Collapse”

TheDailySheeple

The collapse that’s going to occur here is going to be a trifecta of bonds, stocks and real estate combined.

The Fed over here has ordered – and I want everybody to listen because this is insider information – the Fed has ordered the U.S. pension funds to begin to acquire U.S. debt. That is coming down the pike, it’s going to start happening, the states are going to start carrying [...]

Amazon Secretly Removes “1984″ From the Kindle

Thousands of people last week discovered that Amazon had quietly removed electronic copies of George Orwell’s 1984 from their Kindle e-book readers. In the process, Amazon revealed how easy censorship will be in the Kindle age.

Amazon operators used the Kindle wireless network, called WhisperNet, to quietly delete the books from people’s devices and refund them the money they’d paid.

An uproar followed, with outraged customers pointing out the irony that Amazon [...]

FEDS PROMISE NO ARMED DRONES IN US

MCLEAN, Va. — A top official with the Federal Aviation Administration reassured the public on Wednesday that, despite the fear and paranoia of some, no armed drones will be permitted to fly in U.S. airspace.

“We currently have rules in the books that deal with releasing anything from an aircraft, period. Those rules are in place and that would prohibit weapons from being installed on a civil aircraft,” said Jim Williams, head of the FAA’s [...]

Casey Anthony loses it all: ‘Most hated mother in America’ files for bankruptcy with only $1,100 to her name as she struggles to pay huge legal bills

Anthony, 26, is trying to renege on $800,000 in debts – mostly stemming from the death of her daughter Caylee
She expected multimillion- dollar deals for books, moves and TV shows, but the big offers never came
Debts include $500,000 in attorney fees, $145,000 for the cost of the investigation into Caylee’s disappearance and $69,000 in back taxes
Court papers say she is unemployed with no recent income

 

Casey Anthony is filing for bankruptcy [...]

Richard Russell – 2013 & The Greatest Bubble In World History

from KWN:

With 2013 now upon us, the Godfather of newsletter writers, Richard Russell, told his subscribers they are now living through the greatest bubble in history.  Russell also discussed gold and the important breakout in the closely-watched VIX.  Here is what Russell had to say in a note to subscribers: “You and I are watching, or I should say living through, the greatest bubble in world history.  What could it be?  Is [...]

Unconstitutional Official Acts are Null and Void Per the Constitution Society

I was just doing a bit of research on the Constitution and unconstitutional laws. It seems that if someone were charged on an unconstitutional law there are cases on the books that show that the law is not a law and can not be enforced.

This is important info for all us Americans & freedomtards like me. :)

Unconstitutional Official Acts

16 Am Jur 2d, Sec 177 late 2d, Sec 256:

The general misconception [...]

The best safe haven assets to own in an economic meltdown

From Resource Investor:

… It is simple enough. The next stage of the financial crisis just has to be a bond market crash and much higher global interest rates, and a flight to precious metals. The bullion banks know this and want to be there holding all the gold and silver when that happens.

Gold and silver will be the best asset a bank can have on its books when the paper [...]

JUST-IN: Beijing city authorities ban publication of Japan-related books – Kyodo

Spanish Towns In Hock As Banks Cope With $250B In Bad Loans

“Peleas de Abajo may be the most indebted village in a country with a growing budget deficit brought on by years of buying and spending on credit that is drying up.

Across Spain, towns and villages are selling off assets, raising taxes and cutting budgets to avoid bankruptcy. Spain’s banks are seizing mortgaged property and selling it off to overcome nearly $250 billion in bad loans on their books.”

http://www.usatoday.com/news/world/story/2012-08-11/spain-debt-crisis-woes/56951670/1

Casey Research: What individual investors need to know about “high-frequency” trading

From Doug Hornig, Senior Editor, Casey Research:

High-frequency traders (HFT) have no interest in any company whose stock they’re trading.

They don’t care about its earnings, what sector it’s in, nor who’s on the board of directors.

They neither know nor care how it fares in technical analysis, and they don’t give a damn about its long-term prospects.

Likely as not, they don’t even know its name.

At the end of every day, after trading [...]

The average dollar is only being used in 1.5 transactions a year!

The velocity of money is at an all-time low, even lower then it was in the 50’s.

The new June retail sales reports are out and it does not look good. If this trend continues in to the winter we’ll run in to a new round of layoff and business closings.

Money in circulation is at an all-time high but the average dollar is being used in fewer transactions per year than [...]

SOURCE: TWO CRITICAL OBAMA BOOKS WILL TOP NYT BESTSELLERS LIST… #1 THE AMATEUR, BY ED KLEIN #2 THE GREAT DESTROYER, BY DAVID LIMBAUGH Developing…

James Lovelock Clobal Warming Alarmist SAYS HE WAS WRONG

GAIA THEORY SCIENTIST JAMES LOVELOCK SAYS HE MADE A MISTAKE ABOUT CLIMATE CHANGE

‘I made a mistake’: Gaia theory scientist James Lovelock admits he was ‘alarmist’ about the impact of climate change

In an interview with msnbc.com, he admitted: ‘I made a mistake.’
He said: ‘The problem is we don’t know what the climate is doing,’ he told ‘We thought we knew 20 years ago. That led to some alarmist books – mine [...]

It’s Time To Worry? JAMES ALTUCHER: The Dow’s Going To 20,000 In A Year Because Everything’s Getting Better

Back in the dark days of 2009, James Altucher of Formula Capital startled everyone by saying that the economy was improving and that stocks were gearing up for a monster run.

Altucher stuck with his story all through 2010 and 2011.

And then, at mid-2011, he doubled down.

The Dow will hit a staggering 20,000 by the end of 2012, he said.

Today, with the Dow at 13,000, Altucher reiterated that forecast. He has [...]

Are the TBTF banks still carrying the fraudulent MBSs on their books?

http://www­.huffingto­npost.com/­l-randall-­wray/why-m­ortgagebac­ked-securi­_b_802600.­html
L. Randall Wray: Why Mortgage-B­acked Securities Aren’t (Backed by Securities­): How MERS Toasted the Banks

“In a series of pieces I have argued that MERS, a creation of the mortgage banking industry, has effectivel­y destroyed the institutio­n of private property in America. Ironically­, MERS was created to facilitate quick and easy and cheap securitiza­tion of mortgages — what are called mortgage-b­acked securities­. In fact, what it did was to eliminate any [...]

USA Closes 2011 With Record $15.22 Trillion In Debt, Officially At 100.3% Debt/GDP

It is now official: according to the US Treasury, America has closed the books on 2011 with debt at an all time record $15,222,940,045,451.09. And, as was observed here first in all of the press, US debt to GDP is now officially over 100%, or 100.3% to be specific, a fact which the US government decided to delay exposing until the very end of the calendar year. We wonder, rhetorically, just how prominent of a [...]

If you’ve ever been curious about Austrian free-market economics, you’re in luck

From LewRockwell.com:

The past several years have seen a revival of interest in the Austrian School of economics… I’ve assembled this resource list to help beginners embark on a program of self-education in the Austrian School. I have marked a few titles with ** to indicate their importance.

Many of the books and audiobooks, in addition to all of the articles, that appear on the list below are available to read or [...]

The treasurer of a major EU bank. “Am I going to buy Italian bonds? No.”

While some believe the ECB’s new collateral and loan rules amount to a backdoor QE, allowing banks massive firepower to purchase sovereign debt, the banks themselves think differently. “When investors are constantly asking what you have on your books, and the board is asking you to reduce your exposure, it doesn’t really matter,” says the treasurer of a major EU bank. “Am I going to buy Italian bonds? No.” (see also i, ii, iii)

TF Metals Report: Closing The Books

Friday, December 16, 2011 at 4:11 pm

What a crazy week this was. Like you, I’m glad it’s over.

For me, the action is somewhat bittersweet. I have no open trading positions so the decline in paper didn’t impact me at all. Additionally, The Great and Powerful Turd had a pretty solid week of prognostication. I can’t think of a single,paid subscription service that even came close to rivaling us this week. On [...]

KWN Special – Money is Fleeing the US Financial System

kingworldnews.com

With growing concerns about the safety of the US financial system, today King World News interviewed internationally followed Martin Armstrong, Founder and Former Head of Princeton Economics International, Ltd..  At one point Armstrong’s firm rose to be perhaps the largest multinational corporate advisor in the world.  Armstrong had this to say about about corruption in the system, “Given the corruption in the legal system, the regulators…The SEC, the CFTC, they’ve never [...]

Let’s start with the most basic fact about all this uncollectible, impaired, bad debt: every euro of debt is somebody else’s asset. Wipe out the debt and you wipe out the asset.

by Charles Hugh Smith from Of Two Minds

Why Isn’t Anyone Talking About Writing Off 3 Trillion Euros of Bad Debt?

The only solution to bad debt is to write it off–renounce it all. Why aren’t those who took the risks for their own private gain being forced to absorb the losses?

We all know some 3 trillion euros of debt in Europe is uncollectible. So why isn’t anyone talking about the [...]

The European crisis explained:

The European Banking Crisis: Assessing the Damage and a Look Ahead

Editor’s Note: This is the first installment in a two-part series on the European banking crisis.

Related Links

Special Series (Part 2): Looking Ahead in the European Banking Crisis
Europe: The State of the Banking System
Navigating the Eurozone Crisis

Europe faces a banking crisis it has not wanted to admit even exists.

The formal authority on financial stability, International Monetary Fund (IMF) chief Christine Lagarde, [...]

Re : Inside Obama’s War Room

The article Inside Obama’s War Room is very misleading. The “Responsiblity to protect” story is a farce. Most of what is happening in middle-east has been engineered by the elites  who use the local people’s desperation to further their own goals (Western governments are just a medium). To get a real understanding of what is really happening in the middle-east as well as ex soviet [...]

Starting your investment plan

Investment planning should be kept as simple as possible while still meeting your needs. As a self-directed investor it is important to me to evaluate the situation, define what I want to accomplish, and decide how to get there. I find that putting this in writing helps me organize and clarify my thoughts into a useful assessment. This does not have to follow a rigid format as long [...]

US Closes 2010-2011 Fiscal Year With $14,790,340,328,557.15 In Debt, $95 Billion Jump On The Day, $1.2 Trillion Increase In One Year

by ZH

America has now officially closed the books on the 2010-2011 fiscal year. It is only fitting that the last day of the year saw the settlement of all outstanding and recently auctioned off debt. The result: a surge of $95 billion in total government debt overnight, and a fiscal year closing with the absolutely unprecedented $14,790,340,328,557.15 trillion in debt. Net net, in the past [...]

Speaker John Boehner POTUS veto threat is disappointing; House will proceed w/ cutcapbalance to avoid default, stop the spending binge

 

House Speaker John Boehner (R-OH) issued the following statement today after the Administration announced that the President would veto H.R. 2560, the Cut, Cap, and Balance Act of 2011. The House is expected to vote on this legislation tomorrow.

“It’s disappointing the White House would reject this common-sense plan to rein in the debt and deficits that are hurting job creation in America. While [...]

T.R. Reid, correspond­ent and author of “Healing of America” , hosted a one-hour PBS show, “Sick Around the World”, comparing the health care systems of the U.S., Britain, Switzerlan­d, Germany, Taiwan, and Japan.

It’s available at:

http://www­.pbs.org/w­gbh/pages/­frontline/­sickaround­theworld/
FRONTLINE: sick around the world |PBS

These graphs compare the health care systems of Japan, Britain, Switzerlan­d, and Germany to the U.S.:

http://www­.pbs.org/w­gbh/pages/­frontline/­sickaround­theworld/e­tc/graphs.­html
FRONTLINE: sick around the world: Graphs: U.S. Health Stats Compared to Other Countries | PBS

This is a review of “The Healing of America”:

http://www­.tomhull.c­om/ocston/­books/reid­-healing.p­hp
Tom Hull: T.R. Reid: The Healing of America

http://www­.visualeco­nomics.com­/healthcar­e-costs-ar­ound-the-w­orld_2010-­03-01/
Healthcare Costs Around the World – VisualEcon­omics.com

The law is dead in my State, the home of the World Champion Green Bay Packers.

“In light of Judge Roger Vinson’s ruling that Obamacare is unconstitutional, Wisconsin’s attorney general, J. B. Van Hollen, has declared the Badger State free of any obligations imposed by the law. “Judge Vinson declared the health care law void and stated in his decision that a declaratory judgment is the functional equivalent of an injunction,” Hollen says in a statement. “This means that, for Wisconsin, the federal health care law [...]

Today, The Fed took an $8 billion unrealized loss on its $1.07 trillion in Bonds, TIPS and Agencies.

It also likely experienced a comparable loss on its MBS portfolio. It’s a good thing the Fed has $57 billion in capital accounts. Which means 4 days like today, and all of the Fed’s equity buffer is wiped out. What happens next is up to congress.

The question that Zero Hedge has long been posing, namely why the Fed, which is now the world’s biggest and most leveraged [...]

Government is one big fraud. If it actually helped society,? they wouldn’t need to force people to pay for it.

by LibertyPen

There’s no free lunch. I think that’s the message we need to send.

Brilliantly stated Mr. Friedman. The govt “cooks the books” in order to cover up their lies and deceit. Friedman presents the correct definition of inflation an “increase of the money supply” which in turn causes the price of goods/services to rise. The most insidious tax of all is the “inflation tax”. END? THE FED!

The market of 2010 is repeat of 1938

I.e. we experience a brief rally followed by a crash. However, currently, there are several fundamental factors at work right now that seem to keep this economy from collapsing. This time the Federal Reserve is doing the right thing in keeping interest rates super low (.25%) and even buying U.S. Treasuries. #2 – Corporations accross the country have refinanced their debt on their books calculating [...]

When risk perception increases the banks will book more profit!

That is, if CDS spread on bond issued by a bank goes up, the bonds market value is marked down. According to Statement 159 accounting concession given to banks, they can mark down the value of their debt also to this marked down market value and thus account the difference between issue price and the low market price as its profit in its books.

All American banks are going to make [...]

Click the link Widening Deficit..check out the chart,center page.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html

Looking at the year 2010 on the chart you can see a huge chasm between spending and revenue. Keep in mind that like most countries the US has two sets of books, so the situation is much more dire than the illustration. Let’s go with what the graph states for now and look past 2010 where we see the fantasy of increased revenue. Revenues will not increase, and when the [...]

How and where can you invest in funds?

Charles Schwab. They are very service oriented and cheap. Go online and get one of their checking accounts with a brokerage account attached. Once you have that yo can invest in anything you want with direct transfer from your checking, or wherever. Plus once you are a customer you get all their services FREE. Go in and talk to someone, or call them up and start buying. Remember to buy [...]