Monday
Oct052009
U.S. Begins 2010 Fiscal Year $11,776,112,848,656.17 In Debt
And it's gone up approximately $25 billion in the first 5 days of this month, since the nation's fiscal year (2010) began officially on October 1.
Entries by DailyBail (6219)
Oct 5, 2009 at 7:32 PMMonday
Oct052009
Video: Alex Jones Arrested & Kidnapped For Asking George W. Bush A Question About The Federal Reserve
Just a little fun for a Monday morning, but probably not for Jones and his camera crew. Clip is from 1998 during a Bush rally. Considering that thing we call the First Amendment, I'm somewhat surprised Jones didn't sue. Where the heck was the ACLU?
Don't miss the last minute where Jones tees off.
Saturday
Oct032009
Shock Video: Finance Committee Democrat Calls Health Care Bill 'Utterly Incomprehensible'
We have avoided the health care reform debate as much as possible (for no other reason than to remain focused on the criminal, generational rapists who run our nation's failed banks and their captured apostles in Washington) but occasionally something surfaces that trumps the rule. Allow us to present exhibit A.
This clip is frightening when you consider the immense power of legislative language and the inherent ability to twist the proposed meaning of entire paragraphs to suit any particular interest, in this case the interest of private insurance monopolies, hospitals, big pharma, the government, you name it. If no one can even understand the language in the original bill, then call us radicals but we're guessing the odds for post-legislative 'intent-twisting' are pretty high.
Do not miss this short video and then please send it to all your friends.
Friday
Oct022009
Friday
Oct022009
Congressman Issa On Moody's, The Countrywide Bribery Cover-Up, Pelosi, The SEC, Fannie, Freddie And The FHA's 50:1 Leverage
Congressman Darrell Issa from Wednesday afternoon during a break from House committee hearings on corruption and the rating agencies. It's a quick 7-minute clip encompassing the issues mentioned above and more.
See also:
Darrell Issa: "Paulson And Bernanke Crossed The Line"
Issa On Social Security, Medicare & The Financial Crisis Commission
Friday
Oct022009
Conspiracy: Who Are Michael Hilton & The American Police Force?
And Why Do They Want To Take Over A Former Prison And Run A Private Training-Detention Center In Hardin, Montana?
Friday
Oct022009
Video: Is The Dollar Done As The World's Reserve Currency? (Bloomberg Interview With World Bank President Robert Zoellick)
Nicely-done 2 part sit-down from Tuesday with Bloomberg's Peter Cook and Robert Zoellick, President of The World Bank. Summarized, Zoellick supports a strong U.S. Dollar (big shock), but warns that for many reasons the global markets need to work towards an alternative reserve currency. Will it be the Euro (fat chance), the Yuan-Remninbi, or something entirely new?
Zoellick also places himself into the debate on new financial regulation saying the Treasury and not the Federal Reserve should be granted greater power. He takes a clean shot at the Fed, labeling the cabal a group of too-powerful technocrats. Take that Bernanke.
Friday
Oct022009
Guide To The Financial Crisis That Only A Lawyer Could Love
"For anyone who wants to understand the flurry of new legislation, old law used in new ways, contracts with Treasury, press releases, frequently asked questions, guidelines and other rulemaking that has occurred at a dizzying speed over the last year and a half as a result of the financial crisis."
Thursday
Oct012009
Thursday
Oct012009
White House Economist Austan Goolsbee Gets Another Free Pass
It's very late and this clip struck a nerve. I am forced everyday to repeat a harrowing and debilitating existence, not completely unlike that of Bill Murray in Groundhog Day. The stories never change, the corruption never stops, and I move closer to insanity and an early death. So I swallow the pain each and every f*cking day and move a step closer to a straightjacket and an invitation to the psych ward. I've had enough. The rest of this story is on the inside and there will be profanity. I apologize but I seem to have hit a breaking point. So consider yourself warned, and if you don't like it, then just don't click.
Thursday
Oct012009
Tracking The Stimulus: GAO Issues Report To Congress (& Cartoons)
The results are decidedly mixed; $50 Billion has gone out with $170 billion set to flood states and municipalities in 2010-11. The other $530 billion is being tracked separately, and consists substantially of un-needed (in deficit terms) tax cuts. The downside is the lack of transparency and accountability, but the GAO's Chris Mihm says they're still working on that part.
That's a relief. What could possibly go wrong with gifting $780 billion of your children's borrowed future to a bunch of bloated-budget bureaucrats. Heaven forbid, states and local governments use the recession as an opportunity to pare back excesses built over a 20-year revenue boom.
But that would only happen if decision makers cared about responsible governance as much as re-election. Inside we have compiled the complete, embedded GAO report, an extensive review from the AP, 7 more cartoons, and a 2-minute, CNBC clip from GAO Managing Director Chris Mihm.
Don't Get Mad, Just Get Even--Vote Them All Out In 2010!
Thursday
Oct012009
Mark Mobius Should Be Required By The SEC To Register As A Shill
Perma-Bull Mark Mobius Talks His Book ($600 Trillion Derivative Cluster Bomb)
In a perfect world, Mark Mobius would be required by the SEC to register as a shill. It might also help my mood if Craftsman would finally pay attention to my letters and declare him a tool.
If you're looking for proof, then read this. Need more convincing, then look here. In late August of 2007, he declared the sub-prime contagion contained and the financial crisis to have run its course. It hadn't even begun. Nice call, Mark. He was too busy cheerleading for new market highs to substantively consider the facts.
He's a bull-market Susan, pulling out the pom-poms, and donning the short skirt any time the cameras are rolling. In 23 years I have never heard him make a bearish call. And this clip is no different.
Why then are we showcasing this video? For the first time in memory, Mobius said something of actual value, as he reminds viewers of the $600 trillion in derivatives still floating on balance sheets (or hidden off-sheet) at corporations, mostly financial institutions, all over the globe.
Wednesday
Sep302009
Al Hunt Interviews Free Money Alan Greenspan (Bloomberg Sep. 30)
Sir Alan Greenspan, Queen of All Free Money, continues his reputation-restoration tour this morning with a sit-down with Al Hunt of Bloomberg News. Among other things, the sullied, former Chairman of the Federal Reserve had this to say:
- "Regarding the stimulus, I'm not sure it does all that much."
Did you hear that Krugman, (freaking idiot and generational rapist), even one of your own Keynesian witch doctors admits the stimulus is useless.
- “We are still by any measure in a disinflationary environment.”
- “The odds are we flatten out,” referring to the equity market. “That flattening out will put some sort of dull face on 2010.”
Short but interesting clip that runs about 2 minutes.