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Tuesday
Apr052011

Dylan Ratigan On The Economic Endgame: "Guess Who Goes Bankrupt Next? The Government"

Video - Dylan Ratigan with John Mauldin - Mar. 9, 2011

We are reaching the end of the debt super-cycle.

  • "Guess who goes bankrupt next?  The government."
  • "The entire financial system is a credit fraud that is still subsidized by trillions of our tax dollars and through the money printing of the Federal Reserve."

 

 

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Reader Comments (25)

Mar 30, 2011 at 3:05 PM | Registered CommenterDailyBail
Europe Whispers “Crisis” While the Market Continues Screaming

http://www.activistpost.com/2011/03/europe-whispers-crisis-while-market.html
Mar 30, 2011 at 3:06 PM | Registered CommenterDailyBail
The only reason the government is going broke is because the Wall Street criminals socialized the losses. After they made their fees on bogus schemes like 401k's, Freddie Mac, Fannie Mae, Ginnie Mae, and CDO's, they dumped the crap on the Government.

The only thing left to do is get back the profits they stole.
Apr 5, 2011 at 6:54 PM | Unregistered CommenterBenny and the Talibanks
Benny....though your point is correct and well taken, there are other long-term budget trends at work...we eventually have to face defense spending and entitlement spending...and relax, i'm talking about means testing entitlements, nothing else...
Apr 5, 2011 at 7:08 PM | Registered CommenterDailyBail
Mr. Obama, you are the owner of GM, yet your support Unions. Why is this happening?

UAW members are now picketing the Chevy Volt plant in Detroit while GM still owes the government and taxpayers for the bail-out. Greed at its finest!

http://www.thedetroitbureau.com/2011/04/workers-picket-chevy-volt-plant/
Apr 5, 2011 at 8:15 PM | Unregistered CommenterTaterSalad
Benny--

Agreed.
Apr 5, 2011 at 10:35 PM | Unregistered CommenterCheyenne
Dylan, why haven't you once mentioned that GE hasn't paid ANY taxes? Dylan, you're a complete fraud, just like the rest of the puppets on the other "boob tube " stations!
Apr 5, 2011 at 11:14 PM | Unregistered CommenterDarin Barrows
Now that your blogger partner is not around, we should think about giving the site some flow and some edge and some organization. I got many ideas to help you out...

Stop posting stories in the comment section...it just doesn't work
Allow your bestie pals to do some op-eds
Ditch the blogger partner...he is arrogant and doesn't balance out your charms
Tell the five people you like who post to tone down the attacks to draw in a more interesting group

I have many others but...you have got to be nicer dude.

I am just having fun, God knows you can't change...you like being angry
Apr 6, 2011 at 12:11 AM | Unregistered CommenterPizza and Ice Cream
@darin...dylan has mentioned it...
Apr 6, 2011 at 12:15 AM | Registered CommenterDailyBail
Pizza and Ice Cream--

If you're not angry, you haven't been paying attention for the last 30 months.

As for that other stuff about web traffic, I have no opinion as I run no blog. Can you provide a link to your own web site to show me and others how it's done?
Apr 6, 2011 at 12:22 AM | Unregistered CommenterCheyenne
Around 4:45 did I hear give a quarter of a million people green cards to buy houses? How does that restore the republic? That forsakes millions of foreclosed homes. Blah blah blah is all they are saying????
Apr 6, 2011 at 12:24 AM | Unregistered Commenterjunk
mauldin has had that idea for awhile...the green cards in exchange for buying up foreclosures...
Apr 6, 2011 at 12:27 AM | Registered CommenterDailyBail
Gobie can't do that Cheyenne.
Apr 6, 2011 at 2:22 AM | Unregistered CommenterS. Gompers
The pee brain Mauldin never mentions the Pentagon, DHS, top 1% etc. which leak like a sieve, hemorrhaging $ to our own glorious open air prison. This guys' idea of Libertarianism is Male Adolescent Fascism. "I'm the King of Bunker Hill, I can fight and I can kill
We all live downstream from someone.
Sharing is caring Dumbass..
How 'bout you're great grand kids kids?
Green cards? To buy houses??????????
I just threw up in my eye.
How about some jobs besides cleaning up the puke in the Wal-ly world toilet?
NO NO NO Me MeMeME MEMEmEMEMmeme
Pho Q "
Effing boring.
Apr 6, 2011 at 2:44 AM | Unregistered CommenterMr. Kiss
DB,
I absolutely agree with you. We must address entitlements and defense spending. Should anybody be entitled to someone else's money? I don't think so, that is a great place to slash spending. Defense spending...well, you will have to go to war against the military industrial complex, second only to the banking/Wall Steet lobby.

If we didn't spend 4 trillion on three wars with no objectives, 4 trillion to the Wall Street gangs and our corporations actually paid taxes instead of received "refunds" our 14 trillion dollar debt would be manageable and we can go back to giving illegal immigrants free medical care and free schooling for their children (don't forget the free lunches).
Apr 6, 2011 at 3:57 AM | Unregistered CommenterBenny and the Talibanks
Wells Fargo to pay $11.2M in SEC settlement

http://www.charlotteobserver.com/2011/04/06/2200542/wells-to-pay-112-m-in-case.html

[snip]

In October 2006, when Wachovia's corporate and investment bank was unable to sell the $5.5 million equity portion of the CDO - the riskiest tranche - it kept those shares in its trading desk and marked their value down to 52.7 cents on the dollar. Months later, Wachovia sold the shares to the Zuni Indian tribe and the investor for 90 and 95 cents on the dollar.

The tribe and the investor were unaware that they had bought the shares at a price more than 70 percent higher than their accounting value, the SEC order states. On Feb. 1, 2008, the transaction went into default, according to the order.

In the second incident, which occurred in early 2007, the SEC said Wachovia's corporate and investment bank misrepresented to investors in a $1.3 billion CDO called Longshore 3 that it had acquired assets from Wachovia affiliates on an "arms'-length basis."
Apr 6, 2011 at 8:15 AM | Unregistered Commenterjohn
White House Considers Sarah Raskin, Jennifer Granholm To Head Consumer Financial Protection Bureau

http://stopforeclosurefraud.com/2011/04/06/white-house-considers-sarah-raskin-jennifer-granholm-to-head-consumer-financial-protection-bureau/
Apr 6, 2011 at 8:38 AM | Unregistered Commenterjohn
so what do you think of the trial balloon names, john...
Apr 6, 2011 at 8:59 AM | Registered CommenterDailyBail
i've seen the wachovia cdo story...it's been anticipated for a few days...small fine, but it does at least begin to set a precedent...
Apr 6, 2011 at 9:00 AM | Registered CommenterDailyBail
old mate being interviewed is a spammer, What i'd expect from MSM.

what is the answer?

his answer a VAT?

what an idiot , the answer is he wants to sell a cheap book , the reform that needs to be is not giving people green cards or introducing a new Tax on the people, the people are being fucked as he says, and his solution is to tax them more?

at best simple idiot propaganda , (and he sells some piece of shit book)

the answer is and always has been monetary reform .

one question idiot?


that debt? Who are those Trillions owed to?


just answer that, you slow talking propagandist.
Apr 6, 2011 at 9:49 AM | Unregistered CommenterMe
i agree...mauldin rarely appears on TV so this was our chance to expose him...i left the write-up without my opinions so that readers could form their own...
Apr 6, 2011 at 10:08 AM | Registered CommenterDailyBail
Defense seeks release of Russian-born Goldman Sachs investment code thief

http://en.rian.ru/world/20110406/163405431.html

[snip]

Aleynikov, a 40-year-old Russian immigrant, was employed by Goldman Sachs between 2007- 2009 to develop and maintain computer platforms for high-frequency trading. The programmer was arrested shortly after he left his $400,000-a-year job with the investment firm to take a job in Teza Technologies, a start-up high-frequency trading company in Chicago.
Apr 6, 2011 at 11:50 AM | Unregistered Commenterjohn
George Soros/Gavilon aggressively buying elevators
Posted by Ann Barnhardt - March 29, AD 2011 9:23 PM MST


SOROS ALERT. My cash grain broker source sent me notification while I was in Oklahoma that the evil man who is actually controlling the White House (with and through the twin witches Valerie Jarrett and Michelle Obama) has purchased another HUGE grain elevator company and SOROS is now the THIRD LARGEST grain company behind only Cargill and ADM. Here is the text of the Reuters story:
------------------------

Gavilon to buy Union Elevator PNW grain elevators


* Gavilon acquisition allows it to support PNW export mkt
* Elevator purchase equates to 8.4 million bushel capacity





CHICAGO , March 24 (Reuters) - U.S. grain firm Gavilon Grain said on Thursday it will buy Union Elevator and Warehouse's 16 grain elevators in the Pacific Northwest , the company's second big purchase of U.S. grain facilities in the last six months. Privately held Union Elevator, where employees own a significant share of the company, approved the transaction on Wednesday, with sale expected to be completed during the second quarter of 2011.

The purchase of 16 elevators at 12 locations in eastern Washington will expand Gavilon's grain capacity by 8.4 mbu.





"The addition of Union Elevator's grain facilities and origination capabilities position us well to support the growing Pacific Northwest export wheat market and serve the Columbian Basin feed grain market," Greg Konsor, VP and GM of Gavilon Grain, said in a statement. The PNW is the No. 1 wheat export terminal in the United States .





Omaha, Nebraska-based Gavilon -- a commodity trading firm formed in 2008 when ConAgra Foods sold it to investors -- purchased grain handler DeBruce Companies last year, making it the third-largest U.S. grain storage network behind ADM and Cargill Inc.

(Reporting by Christine Stebbins; Editing by Lisa Shumaker)





------------------------

This is BAD, BAD NEWS, kids. George Soros is Gavilon. As I say over and over again at my schools, he who controls the FOOD controls EVERYTHING. And George Soros is rapidly maneuvering to control the food in this country. Everyone remember the name GAVILON. I promise that it is just a matter of time before he makes a move for cattle feeding capacity.





ANY CATTLEMAN OR FEEDLOT WHO SELLS OUT TO GAVILON/SOROS WILL BE A TRAITOR TO THE UNITED STATES OF AMERICA, ITS CONSTITUTION AND ITS PEOPLE. Let's see who the first one is. I have some educated guesses . . .
Apr 6, 2011 at 12:16 PM | Unregistered CommenterTaterSalad
Dylan, why haven't you once mentioned that GE hasn't paid ANY taxes? I dont think he needs to spend much time on it. Its evertwhAre you look right now.

Dylan has much more important things to cover for us....

Im glad to see ya Gobie, yr getting very creative with the new Handles..........Ya Doin Alright...?


............@ TaterSalad

I know what your talking about. I have been on the heels of ol George,y-Boy, for 3 years now. Its eazy to see why he lets Obama go out and eat Ice cream & Slurpy's on our dime.....the work Soros is doing is way above Obamas head.

& when the Eleit need all the food you know whats next for us, Right..............."Soylent Green" wafers....!
Apr 6, 2011 at 10:43 PM | Unregistered CommenterTexas Dar

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