Hope2012


Economic News & Analysis From The Fringe: Lessons from history, thinking outside the box and doing things differently

FDIC to require banks to prepay $45 billion to cover failures  – Washington Post 11/13/09

US monetary system: Robber Baron-era design makes US debt peons forever. You knew that, right?  – Examiner 11/13/09

Nine states suffer Californian fiscal disease  – Financial Times 11/11/09

Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin join California as the most troubled US states, the Pew Center says.

For residents, fiscal problems have meant higher taxes, layoffs of state workers, longer waits for public services, more crowded classrooms and less support for the poor. They also may hurt the national economy, since the 10 states account for more than a third of the US population and economic output, the report says. Tax increases and spending cuts, the main ways of balancing state budgets after sharp declines in tax revenue, can slow the overall recovery.

Each of these United States will declare bankruptcy within the next few years.  It’s the only logical result, when you actually examine the design of the system.

CNBC – Dollar Will be Utterly Destroyed, Global Currency, New World Order  – CNBC / YouTube 11/10/09

Bailout overseer Elizabeth Warren: banks recklessly gamble knowing US taxpayers will pay losses  – Examiner 11/10/09

Criminal Rothschilds How International Central Bankers Control  – 911 Inside Job.net 11/4/09

“If my sons did not want wars, there would be none.” ~ Gutle Schnaper, Mayer Amschel Rothschilds wife

I am one of those who do not believe the national debt is a national blessing… it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country
.
Andrew Jackson, Letter to L. H. Coleman of Warrenton, N.C., 29 April 1824

Breaking up ‘too big to fail’ firms  – Politico 11/5/09

Rep. Kanjorski proposes power to dismantle firms “too big to fail” even if they’re not financially at risk.

Take the Power to Create Credit Away from the Giant Banks and Give It Back to the People  – Prison Planet 11/5/09

Bill gives Fed new power to police risk  – Politico 11/10/09

Ron Paul: Bill To Audit Fed Would Pass Tomorrow If It Was Given The Opportunity  – Prison Planet 11/13/09

Forget the Audit: Just Go Ahead & Abolish the Federal Reserve  – American Free Press 11/6/09

Understanding how nations create money and how the US can reclaim $1 trillion/year from banksters  – Examiner 11/7/09

Below is a concise and lucid explanation of how nations create money by economist John Hotson. This topic is at the heart of our economic problems, and required understanding for competent citizenry.

I’m among many writers who document that Americans are transferring unprecedented amounts of their hard-earned money to the oligarchy controlling our banks and casino-capitalism “investment” institutions. The solution is structurally simple for the public benefit of conservatively $1 trillion every year, and has been advocated by many of America’s sharpest historical minds. States can take control of their financial problems through state-owned banks; ending interest payments on their debt and earning profit by providing 2% mortgages for the good of the public.

The Record of the Federal Reserve  – Bush Stole 04 via WRH 11/7/09

Greenspan Admits The Federal Reserve Is Above The Law & Answers To No One  – video via Bush Stole 04

What Is Money? Part 11: The Great Default – Prison Planet 11/2/09

Collection of Federal Reserve Bank Scam and Monetary System Videos  – Bush Stole 04.com

A History of Money and Banking Secrets That Banks Don’t Want Published  – Bush Stole 04 11/10/09

To start with a history of money and debt, we must go back many years ago when people used to trade their wares for the things they wanted and needed.  In place of money or Federal Reserve Notes, you could trade a well made pistol for a cow, which you could eat or trade a remainder of for other items like clothing.  It didn’t take long for people to realize there needed to be a more efficient means of trade. If you were a farmer, it was too difficult to carry baskets of fresh corn around to trade for a new horse. And, the person selling the horse might not want any corn at all.

Quantitative Easing Has Been A Monetary Failure; Persistent Deflation Means More Fed Intervention Coming Soon  – Prison Planet 11/13/09

Reed Apologizes for Glass Steagall Repeal, Building Citigroup  – Prison Planet 11/6/09

John S. Reed, who helped engineer the merger that created Citigroup Inc., apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts.

“I’m sorry,” Reed, 70, said in an interview yesterday. “These are people I love and care about. You could imagine emotionally it’s not easy to see what’s happened.”

The Role of Gold in the World Monetary System  – Global Research 11/5/09

Gold Spells Trouble for Greenback: Charts  – CNBC 11/4/09

Estulin: G-20 Meeting in Scotland this Week about Dumping U.S. Dollar  – DProgram 11/3/09

Britain and U.S. Clash at G-20 on Tax to Insure Against Crises  – NYTimes 11/7/09

Gordon Brown of Britain told G-20 finance ministers that the world needed a system to force banks, not taxpayers, to cover future bailouts.

Rising Military Expenditure: The Coming U.S. Budget Attack  – Global Research 11/7/09

Dollar Will be Utterly Destroyed: Global Currency, New World Order  – InfoWars 11/7/09

The dollar will get “utterly destroyed” and become “virtually worthless”, said Damon Vickers, chief investment officer of Nine Points Capital Partners. Due to the huge wage disparities between the United States and emerging markets like China, Vickers said that may resolve itself in some type of a global currency crisis.

Russia Joins Dollar Interventionists, Shifts Position Diametrically As It Now Plans To Buy Gold  – IStock Analyst 11/10/09

China Pledges $10 Billion to Africa  – NYTimes 11/7/09

Is China headed toward collapse?  – Prison Planet 11/12/09

International Monetary Fund sells 200 tons of gold to India  – Raw Story 11/3/09

Broader Measure of U.S. Unemployment Stands at 17.5%  – NYTimes 11/7/09

Study: In US, 90 percent of black children will be fed by food stamps – Prison Planet 11/3/09

Delaware Beats Switzerland as Most Secretive Financial Center  – Reuters via Cryptogon 11/2/09

Jonathan May, Economic Hitman  – Google Video

Jonathan May formerly worked for the International Monetary Fund in England. In the early 1980s he came to America with a plan to release Americans from debt to the banking system by employing the same “credit creating” system used by international banking. The law governing this system is the Uniform Commercial Code (UCC). May was initially successful. Eventually, however, he was targeted and imprisoned by the banking system.

Report: 237 millionaires in Congress  – Politico 11/6/09

JPMorgan to Pay $75 Million in Alabama Case  – NYTimes 11/5/09

The Securities and Exchange Commission said that JPMorgan Chase had agreed to pay $75 million and forfeit $647 million in termination fees to settle civil charges that its securities firm had engaged in an “unlawful payment scheme” in Jefferson County.

FBI Arrests Former Galleon Office Worker, 13 Others  – Bloomberg 11/5/09

Craig Drimal, who according to court documents worked at Manhattan-based Galleon, wasn’t an employee of the firm. Also arrested were Zvi Goffer, Arthur Cutillo, Jason Goldfarb, Emanuel Goffer, David Plate and Michael Kimelman. Charges against the men include conspiracy and fraud, according to documents filed in New York federal court. Names of the other seven defendants weren’t immediately available.

CIT Bankruptcy: Taxpayers Stiffed on Company’s Bailout Billions While Execs Reap Bonuses  – OpEd News 11/6/09

CIT files for 5th largest U.S. bankruptcy – Prison Planet 11/2/09

The Color of Money: MoneyGram settles charges of abetting fraud   – Washington Post 11/7/09

In one of the largest consumer payouts of its type, MoneyGram International has agreed to fork over $18 million to the Federal Trade Commission to settle charges that it knowingly allowed con artists to use its operation to swindle U.S. consumers out of millions of dollars

Profit ‘Not Satanic,’ Barclays Says, After Goldman Invokes Jesus  – Bloomberg via Cryptogon 11/7/09

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