Thursday, May 28, 2009
Delinquent Mortgages, Foreclosures Hit Record High: About 12.07 percent of mortgage loans were delinquent or in the foreclosure process during the quarter, according to the survey by the Mortgage Bankers Association, an industry group. That is the highest ever recorded by the survey, which dates back to 1972. The figure reflects an 8 percent increase compared to the first quarter of 2008. Americans' credit scores fall as they struggle to pay bills http://www.usatoday.com/money/perfi/credit/2009-05-26-credit-scores-recession_N.htm GIVEN THAT THE VERY BANKS THAT CAUSED THIS FINANCIAL CRISIS, ARE THEMSELVES... BANKRUPT... I FEEL NO NEED WHATSOEVER TO PAY THEM BACK ANY MORE MONEY AFTER BEING AN ONTIME, NEVER LATE, CONTIENTIOUS RE-PAYER OF THE DEBT THEY ALLOWED ME TO CREATE AT 'TEASER' RATES WHICH THEY THEN HAVE RAISED TO USURIOUS 'LOAN SHARK' RATES OF 29.99 % FOR NO REASON WHATSOEVER. THE ONLY THING THEY HAVEN'T DONE IS TO HIRE THUGS FROM NEW JERSEY TO COME BREAK MY LEGS. I SAY FUCK THEM ALL. WITHOUT OUR MAKING PAYMENTS...THEY ALL GO UP IN A CLOUD OF SHIT SMELLING SMOKE. GOOD RIDDANCE. THE SAME GOES FOR PAYING TAXES TO THE GUV'MINT TERRORISTS. THEY CAN PRINT ALL THE MONEY THEY WANT, WHICH DEVALUES WHATEVER MONEY IS IN CIRCULATION. I SAY...FUCK THEM TOO! DO YOU REALLY THINK YOUR CREDIT SCORE MEANS ANYTHING? DO YOU REALLY THINK YOU WILL EVER BE ABLE TO BORROW MONEY AGAIN IN YOUR LIFETIME? DO YOU REALLY THINK YOU WILL BE ABLE TO HANG ON TO THE ITEMS, ATTACHED TO THE GROUND, ON WHICH YOU OWE MONEY TO THE BANKSTERS? IF YOU DO...YOU ARE SIMPLY OUT OF YOUR FUCKING MIND!!! YOU WILL ONLY KEEP THAT WHICH YOU CAN HIDE OR DEFEND WITH A WEAPON. I SAY FUCK THEM ALL...AND START DOING IT RIGHT NOW. I HAVE DONE SO, EFFECTIVE TWO WEEKS AGO, AND AM LOVING KNOWING THAT THESE FINANCIAL CREEPS WON'T EVER GET ANOTHER PENNY OUT OF ME, BUT, I GOT SEVERAL HUNDRED THOUSAND DOLLARS OUT OF THEM WHICH I CONVERTED INTO THE GOODS I WILL NEED TO SURVIVE WHAT THEY HAVE WROUGHT. REPEATING...FUCK THEM ALL INTO THE HELL THEY DESERVE. THE REVOLUTION IS ABOUT TO COMMENCE FOR EVERYONE WHEN YOUR LAST MONEY IS GONE AND YOU HAVE NO OTHER SOURCE OF INCOME, FOOD, OR ABILITY TO PROVIDE SHELTER FOR YOURSELF OR YOUR LOVED ONES. EITHER DIE ON YOUR FEET, OR LIVE ON YOUR KNEES...OR WORSE.
Who will Stand Up To America and Israel? By Paul Craig Roberts The military/security complex that rules America, together with the Israel Lobby and the financial banksters, needs a long list of dangerous enemies to keep the taxpayers' money flowing into its coffers. http://informationclearinghouse.info/article22726.htm
Do Americans Have a Moral Conscience? By Paul Craig Roberts If the Obama regime does not hold the Bush regime accountable for violating US and international law, then the Obama regime is complicit in the Bush regime's crimes. If the American people permit Obama to look the other way in order "to move on," the American people are also complicit in the crimes. http://informationclearinghouse.info/article22730.htm
"The deterioration of every government begins with the decay of the principles on which it was founded.": C. L. De Montesquieu - [Montesquieu, Charles Louis de Secondat] (1689-1755) Baron de Montesquieu - Source: The Spirit of the Laws, VIII, 1752
Wednesday, May 27, 2009
The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial — that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written in constitutions. — Ludwig von Mises, Economic Policy: Thoughts for Today and Tomorrow 
Tuesday, May 26, 2009
Jim Sinclair’s Commentary Predictions: 1. Gold reacts as currency support for the dollar enters mid June to a slow decline (that is the official definition of a strong dollar policy, really). 2. End of 2nd week going into the beginning of the 3rd week of June Gold launches towards and this time through the neckline of the reverse head and shoulders formation. 3. Gold rises to $1224 where it hesitates. 4. The OTC derivative market takes on the dollar as short sellers into dollar support. 5. This OTC derivative currency short position builds. 6. It is the US dollar where Armstrong will get his WATERFALL. 7. The main selling takes place when Israel makes a major miscalculation. 8. Hyperinflation is always and will continue to be a currency event. 9. Hyperinflation will be a product of the upcoming massive OTC derivative short dollar raid. Should I be correct in the gold price action going into late June, it will fit Armstrong’s criterion for a move to $5000. Alf’s work permits an over-run of the gold price to $3500 in the major 3rd phase, indicating overruns into the major 5th.
The Next Leg Down By Mike Whitney Collapsing home prices and credit markets continue to put downward pressure on consumer spending, forcing the Federal Reserve to take even more radical action to revive the economy. Last week, Fed chief Ben Bernanke raised the prospect of further monetizing the debt by purchasing more than the $1.75 trillion of Treasuries and mortgage-backed securities (MBS) already committed. http://informationclearinghouse.info/article22714.htm
Another Outrage By Cindy Sheehan http://informationclearinghouse.info/article22711.htm May 26, 2009 "AfterDowningSt" -- Last week, after being bombarded with pseudo-patriotic images of graveyards, gravestones and flags, I decided to begin posting images of maimed and killed Iraqis, but especially children and transform the mega-pseudo-patriotic Memorial Day to Remembrance of Victims of US Empire Day. I got a great response to this and my friend and videographer, Clifford Roddy put together a short film called: finaledit, with the images I posted and with images that he took at a national cemetery in Santa Fe, NM where we were together for my Myth America book tour. I have a Cindy Sheehan You Tube page so we posted it there. The video was just yanked off of You Tube because it “violates the terms of service” but even before it was yanked, it had a warning: “This video is unsuitable for children.” The pictures of the dead and maimed Iraqi children were gruesome. War is gruesome. War is never pretty but the Iraqi war has been “Sanitized for your protection.” It’s not enough that adult males have been tortured but thousands of women and children have also been imprisoned and cruelly treated. I think it’s pretty gruesome that the US Military has held up to 6000 juveniles in its torture prisons in the Middle East and there has been rape and torture reported to individuals as young as 10 years old! How can any human being torture another human being, much less a child? These kinds of stories remind me of the most horrendous slasher movies that I can think of, but they are not the pretend product of twisted fantasy, but factual and mind-blowingly real. Former US Soldier, Steven Green, was recently given life in prison without the possibility of parole for the 2007 rape, mutilation and murder of a 14-year-old girl in Mahmoudiya, Iraq. Not only was Green the ringleader in the rape and murder; the squad also killed her family. Unfortunately, even though Green was a “bad apple,” the situation we find ourselves in is an entire salad of rotten fruit and incidences like this one are not uncommon, but rarely reported. Once when I was in Amman, Jordan speaking with prominent Iraqis, a Sheikh told me that US soldiers burst into his home, severely beating him and raping his wife, all in the presence of his 14-year-old son. The Sheikh told me that it was his son’s fondest dream to kill US Soldiers. Can you imagine this happening to your family? What if something like this happened in your home? You’re sitting around watching American Idol, or some crap like that, and Iraqis break into your home and terrorize and brutalize your family? I am sure you would all just chalk it up to “freedom and democracy” and be happy to go about your miserable lives comforted by the fact that your country was being occupied and destroyed for your own good. During the US-UN-Clinton led sanctions against Iraq, the UN estimates that over 500,000 children died from starvation, disease, or violence. 500,000 Iraqi children would be like 5,000,000 US children dying. Former UN Ambassador under Clinton called that sacrifice for US Empire by the children of Iraq “worth it.” Over one million people have died in Iraq since Bush's invasion in 2003 and most of that figure counts women and children. I have spoken to men who were still in their teens who were sodomized with broom handles in Guantanamo. I have seen the horrific photos of the US’s inhumanity to man and cannot forgive my country for the terror it has unleashed on the world. I can’t stand the fact that our government operates with such craven cowardice and has harmed so many people while Americans revel in blissful ignorance. Young people who never get a chance to live their lives have their lives snuffed out so corporations can profit and politicians can earn their John Wayne, muy macho credentials and I wish that we could get a movement going that would be as large and as angry about weddings parties being blown up in Iraq-Af-Pak as they are about inequality in marriage rights here in the US. Please don’t email me with hostility because I wrote about marriage equality: I am 100% for marriage equality, but I am also 100% for people living to be able to be married whether they are gay or straight. Lives are in the balance and our inaction is tipping the scale in the wrong direction. I am sorry (sarcasm) that our video “violated” You Tube’s terms of service, but the occupations of Iraq and Afghanistan not only violate my terms of service, but international law. -- "Where's the Change?"
Friday, May 22, 2009 The Empire Is Bankrupting America by Jacob G. Hornberger http://www.fff.org:80/blog/index.asp While Barack Obama was delivering his flowery speech justifying the indefinite imprisonment without trial of people suspected of violating laws against terrorism, the New York Times and Bloomberg were reporting on the financial consequences of out-of-control federal spending. You’ll recall that the Bush administration, which was insistent on continuing the brutal embargo against Cuba, borrowed enormous sums of money from the communist regime in China to finance the U.S. Empire, especially the invasions and occupations of Iraq and Afghanistan. Over the 8 years of the Bush administration, China became one of the U.S. government’s principal creditors. According to an article by Mark Gilbert in Bloomberg entitled “Dollar Is Dirt, Treasuries Are Toast, AAA Is Gone,” “China owns about $744 billion of U.S. Treasury bonds in its $2 trillion of foreign-exchange reserves.” Guess what China is now doing. According to the New York Times article, while China continues to lend massive amounts of money to the U.S. government, it is shifting the mix of its investment portfolio by lowering its holdings of long-term U.S. debt and replacing it with short-term U.S. securities. Why is it doing that? Chinese officials are obviously convinced that the out-of-control federal spending and rapidly growing U.S. debt will bring about a massive debasement of the dollar, which will crunch the value of long-term debt securities. As Wen Jiabao, China’s prime minister put it earlier this year, “We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets.” According to the Times, China has also been stepping up its purchase of commodities, such as iron ore, crude oil, grain, gasoline, diesel, and sugar. Also, “after six years of silence, China unexpectedly disclosed last month that it has been gradually buying gold from domestic producers. The country’s reserves had climbed 600 tons in 2003 to 1,054 tons, worth $31.8 billion at prices late Wednesday.” Meanwhile, the U.S. government just keeps spending and spending and spending, with no end in sight, especially given the ever-increasing military needs in Iraq and Afghanistan and ever-increasing welfare needs in the United States. According to Bloomberg, “President Barack Obama’s administration has pushed the nation’s marketable debt to an unprecedented $6.36 trillion. It raised on May 11 its estimate for the deficit this year to a record $1.84 trillion, up 5 percent from the February estimate, and equal to about 13 percent of the nation’s GDP.” Standard and Poor is now threatening to downgrade the U.S. government’s AAA credit rating on its debt instruments, which it has just done to Great Britain’s credit rating. Bill Gross, the co-chief investment officer of Pacific Management Co., told Bloomberg, “The markets are beginning to anticipate the possibility” of a downgrade though “it’s certainly nothing that’s going to happen overnight.” No wonder the Chinese are now talking about the Chinese renminbi replacing the U.S. dollar as the world’s reserve currency. While it is imperative that libertarians continue focusing on the fundamental immorality of U.S. foreign policy — that is, the assassinations, invasions, occupations, bombings, torture, indefinite imprisonments, denial of due process, denial of trial by jury, cancellation of habeas corpus, and other infringements on civil liberties — it is also imperative that we continue reminding our fellow Americans what these people are doing to the financial and economic well-being of our country. Empires bankrupt nations. And that’s precisely what the U.S. Empire is doing to America.
Monday, May 25, 2009
Day Of The Dead By Cindy Sheehan If you watch any one of the cable news networks this weekend between doing holiday weekend things, you will be subjected to images of row upon row of white headstones of dead US military lined up in perfect formation in the afterlife as they were in life. Patriotic music will swell and we will be reminded in script font to "Remember our heroes," or some such BS as that. http://www.informationclearinghouse.info/article22701.htm
A dystopia is the vision of a society that is the opposite of utopia. In a dystopian society (whether real or fictional) conditions of life are miserable and characterized by poverty, oppression, war, violence, disease, pollution, and/or the abridgement of human rights, resulting in widespread unhappiness, suffering, and other kinds of pain. America's Nightmare: The Obama Dystopia Manipulation, propaganda, imagery & PR wizardry by Andrew Hughes http://www.globalresearch.ca/index.php?context=va&aid=13716
Change.... What change? Obama Endorses Indefinite Detention Without Trial for Some: President Obama acknowledged publicly for the first time yesterday that some detainees at Guantanamo Bay may have to be held without trial indefinitely, siding with conservative national security advocates on one of the most contentious issues raised by the closing of the military prison in Cuba. http://www.washingtonpost.com/wp-dyn/content/article/2009/05/21/AR2009052104045_pf.html
Over The Rainbow By Stephen Lendman The original Oz book conceals an unsuspected depth....(Although) a children's story, (it) delineated a Midwesterner's vibrant and ironic portrait of (America) as it entered the twentieth century," beset with serious flaws. http://www.informationclearinghouse.info/article22680.htm
Who is to Blame for the Tent People? By Garda Ghista This is America today. It is "poverty amidst plenty." That phrase is from the 1929 Great Depression. And in 1929 the police conducted the same sweeps that they are doing today across America. Is it not heartbreaking? http://www.informationclearinghouse.info/article22686.htm THE 'HAVES' HAVE ALWAYS LIVED OFF THE LABOR AND POVERTY OF THE 'HAVE NOTS' WHICH THEY HAVE CREATED JUST FOR THAT PURPOSE. THE 'HAVE NOTS' ARE WHAT THEY ARE BECAUSE THEY NO LONGER ARE ABLE TO RECOGNIZE THAT THEY ARE HUMAN BEINGS WORTHY OF 'HUMAN DIGNITY', A VERY DELICATE CONCEPT TO SUSTAIN WHEN YOU ARE STARVING. THE 'HAVES' SHOULD SIMPLY BE TAKEN DOWN EN MASSE BY VIOLENCE (THEY HAVE ABORTED ALL KNOWN LAW SYSTEMS) FOR THIS CURRENT DISASTER THAT THEY, AND THEIR CONFEDERATES, HAVE INTENTIONALLY PERPETRATED ON THE WHOLE OF HUMANITY THROUGH MANIPULATION OF THE LIFE BLOOD OF THE ECONOMICS OF HUMANITY, THAT IS, THE MEDIUM OF EXCHANGE...THE MONEY. THERE IS NOTHING LEFT FOR THE BULK OF HUMANITY TO DO TO SURVIVE OTHER THAN VIOLENT REVOLUTION AND THE COMPLETE OVERTHROW OF THE CURRENT 'LEADERS' ON THE PLANET.
A GOOD STATEMENT OF THE FACTS, JUST DON'T MISUNDERSTAND WHAT YOU HAVE TO DO ABOUT IT...DEFEND YOURSELF
Fear of Crime and Things to Come By William John Cox Can we expect President Obama to be more respectful of individual rights than President Bush was? An answer can be found in his recent request for the Supreme Court to reverse its own 23-year-old decision prohibiting police from questioning a represented defendant until his lawyer is present. http://www.informationclearinghouse.info/article22687.htm DON'T ANY OF YOU DARE FALL INTO THAT FAIRY TALE OF "IF ONLY THERE WERE NO GUNS!" THERE WILL ALWAYS BE GUNS, AND THEY WILL BE USED AGAINST YOU. HAVE YOUR OWN AND KNOW HOW, AND WHEN, TO USE IT.