There is a reason for this. Bankers for five centuries have benefited from a grant of privilege from the state: a legal privilege. Banks are allowed to write contracts that are prohibited to all other profit-seeking agencies. They are allowed to prom
You can add House Speaker Nancy Pelosi to the group of Democrats or Obama allies (John Podesta, Paul Volcker, Roget Altman) calling for a value-added tax. (I predicted all of this days ago.) Here is Pelosi (via The Hill):
The decision came as Hardin's leaders announced the resignation of both the attorney and the economic development official who helped craft the jail deal for the city.
The bad news is that if you turn the geo features on, there are very few controls available and, yes, Microsoft could easily track your every move. Now you can freak out.
When Mish went after Schiff I guess he put himself on the firing line. Denninger has been getting hotter under the collar for a while now and now Mish is in his cross-hairs. Karl thinks we're all hard-money morons.
Our investigation shows that most people do not know what is actually in a vaccine: the active ingredients listed on product labels, inert ingredients, and, most important, the hidden ingredients. To our amazement, that truth was easy to find. But i
Nanny State extremism is on the march as the UK, Michigan and New York duel for the Title of Most Oppressive Nanny. The citizens of the winning Nanny State loses liberty and freedom.
Do we even have to tell you that this will be a disaster? For some time now, the government owned mortgage finance companies known as Fannie Mae and Freddie Mac have been secretly making commitments to purchase loans from Provident Funding Associates
But other extraordinary moves in the capital markets suggest we should take this threat to the dollar’s position very seriously. For example, China has $2.3 trillion in currency reserves (about 70% in dollars), and China knows how to get its way.
David Brooks might believe it's Mr. Bentham and Mr. Hume who represent the choices we face in this nation on issue after issue. I believe it's Mr. Hoover and Jim.
Banks in the U.S. "are slow" to take losses on their commercial real-estate loans being battered by slumping property values and rental payments, according to a Federal Reserve presentation to banking regulators last month.
It appears gold mania is spreading, and if this press release by the US Mint is any indication, it has hit the broad population. As a result, the administration is taking prompt "corrective" steps:
In quake-hit Indonesia, the flooded Philippines and typhoon-ravaged Vietnam, troops are evacuating the wounded and stranded, distributing food and medicines -- and gaining the public's admiration.
As countries across Southeast Asia clea
Successful research in the projects that follow over the next two to seven years could initiate a race to develop commercial nuclear fusion for energy generation, space technology and weapons. Futurists had speculated that there would be crash resear
President Obama expressed gratitude to the newly streamlined intelligence community Tuesday even as he warned that "no one can ever promise that there will never be another attack on America's soil."
The European Union has drawn up secret plans to establish itself as a global power in its own right with the authority to sign international agreements on behalf of member states
A group of red shirt-wearing Chavista thugs show up at a farm and seize the farm in the name of the government, under the pretext that the 103 hectare farm is “idle land” and that the law allows them to take it over for “food production.”
The farm
Audit the Fed Commercial: 30 Seconds. A really cool dude created this to be aired on TV. Please promote this commercial and if one is interested in having their local tv station air this or some...
"A study of seven terminally ill patients found identical surges in brain activity moments before death, providing what may be physiological evidence of "out of body" experiences reported by people who survive near-death ordeals.
If you or anyone you know still believes the government (or the media) tell us only the truth, please pass them this direct admission that lying is a primary strategic device for so-called “authority figures”:
Students attending St. John's Girls National School in Carrigaline, Ireland have been asked to bring their own toilet tissue with them to school as part of a cost-cutting measure due to dwindling government funding.
Nevada Secretary of State Ross Miller, a democrat, told FOX News that not only was ACORN turning in bogus voter registrations but that they were hiring prisoners for their voter registration drives. (according to Big Government):
Ross said that
Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience. From 1995 to 1999, he led an education foundation called the Chicago Annenberg Challenge (CAC), and remained on the board until
The new Republican support for Obama's top domestic priority came as a potential setback emerged for Senate health legislation: Congressional tax experts reported that the bill would impose $29 billion more in taxes on health care industries than ori
—designed to engage Girl Scouts and their families in personal preparedness for all emergencies—and announced a new affiliation between DHS Citizen Corps and the Girl Scouts to advance community preparedness nationwide.
http://www.girlscouts.org/new
Sure, that is all very sad...Don't you realize, though, how much money Goldman Sacks and George Soros put into getting Obama elected? You think billionaires invested in a presidential election because they cared about the common man?