CONNECTING THE DOTS
Demise of America: Swirling the Drain
Frosty WooldridgeBailout? How about pumping out the entire Congress?! Get rid of the Federal Reserve! Toss them all out!
Page Two
CONNECTING THE DOTS
6.875% Libor rate may signal a crash and disaster for resetting ARMs
• BigPicture.typepad.comCredit markets have seized up, tipping lenders toward insolvency and forcing U.S. and European governments to rescue five banks in the past two days, including Dexia SA, the world's biggest lender to local governments, and Wachovia Corp.
The Stupidest Trial Ever?
• www.glennsacks.comAs a general rule I'm opposed to criminalizing victimless crimes such as drugs or prostitution, and a recent conversation with a friend further confirms my belief.
RON PAUL 4409 -- LYNCHING BILL O'REILLY
Forty Four O NineTo me it's not just about Bill O'reilly because MSNBC, CNN and the rest are no better, this is why I threw this video together. The song Kill Bill O'reilly is by 3 guys called the East Coast Avengers.
Jesse Ventura working on new series for truTV
• Atlanta Journal-ConstitutionJesse Ventura will be working on a new conspiracy-theory series for truTV. Production of a pilot featuring Ventura begins next month. The project comes from A. Smith & Co. Productions, which also produces "Hell's Kitchen" and "Tra
The Great Bank Robbery of 2008
• Mises.org / Robert P. MurphyIt is the crudest Keynesianism to view the Paulson Plan as an injection of capital or "liquidity." That money has to come from somewhere. If it is taxed or borrowed, then it is just a shell game.
Why I Do Not Vote
• by Michael S. Rozeff for LewRockwellTwo questions come up quite often in e-mails I receive. One is why I do not vote. Another is what a person can do to change the system toward greater liberty, or what I expect to be the manner in which the system gets changed toward greater liberty.
Action Alert: Call Prescott City Council and say NO to Photo Enforcement
• CameraFRAUD.comThose native to Arizona won’t be surprised to see the further decline of charming Prescott, AZ. City officials are weighing whether or not to seek proposals from scam-cam vendors to install photo enforcement systems city-wide. Call The Prescott City
Senate May Try to Revive Billionaire Bailout Bill by Tomorrow
• BloombergThe U.S. Senate will try to salvage a $700 billion financial-rescue package after the measure was defeated in the House of Representatives. The lawmakers won't have a lot of room to negotiate.
Nouriel Rubini: The risk of a total systemic meltdown is now as high as ever
• RGEmonitor.com/roubiniThe next step of this panic could become the mother of all bank runs, i.e. a run on the trillion dollar plus of the cross border short-term interbank liabilities of the US banking and financial system as foreign banks as starting to worry about the s
STAY LIFTED IN '04 OHIO ELECTION FRAUD CASE, GOP 'TECH GURU' SUBPOENAED
• BradBlog.comKing Lincoln v. OH Sec. of State lawsuit concerning voting rights violations in the state during the 2004 election has resulted in the judge lifting the stay to allow depositions to be taken of key GOP tech-guru Mike Connell, and potentially others,
Bush: A 'Critical Moment' for Economy
• Washington PostPresident Bush took to the podium again this morning in an attempt to salvage his endangered financial rescue package, warning lawmakers that the United States will face a "painful and lasting" economic downturn if they do not approve a bai
Home price drops hit fresh records in July: S&P
• ReutersPrices of single-family homes plunged a record 16.3 percent in July from a year earlier, extending declines that have plagued the housing market for two years,
McCain supports increasing deposit insurance
• ReutersRepublican Sen. John McCain [responding to similar Obama proposal] backed increasing the limit on bank deposits guaranteed by the federal government [actually the taxpayers] to $250,000 from its current level of $100,000.
Money market borrowing costs soar
• ReutersThe cost of borrowing overnight dollars on global money markets soared on Tuesday despite central banks pumping billions into the banking system to prevent it seizing up further after U.S. lawmakers' rejection of a $700 billion financial rescue b
More banks rescued after bailout rejected
• Reuters"There's an overarching belief that at some point this week, whether it's Wednesday or Thursday, we'll get something passed by the House," said Arthur Hogan, chief market analyst at Jefferies & Co in Boston.
NSPD-51: Bush prepares martial law
• www.ww4report.comBush Makes Power Grab, without so much as issuing a press statement, on May 9 signed a directive that granted near dictatorial powers to the office of the president in the event of a national emergency declared by the president. The "National Se
Republocrat Campaign Song (video)
• YouTube from BreakTheMatrix
In Bailout Vote, a Leadership Breakdown
• NY TimesThe collapse of the proposed rescue plan for the teetering financial system was the product of a larger failure — of political leadership in Washington — at a moment when the world was looking to the United States to contain the cascading economic cr
They Just Don't Get It<br>by Steven Pearlstein
• Washington PostAmericans fail to understand that they are facing the real prospect of a decade of little or no economic growth because of the bursting of a credit bubble that they helped create and that now threatens to bring down the global financial system.
For Many Americans, Fear and Distrust Run High
• Washington PostWith Election Day a little more than a month away, many lawmakers appeared to pay greater heed to their constituents than to their party leaders. [oh, for shame]
Bernanke pumping $630 billion into the market proved Paulson Plan bankrupt
• market-ticker.denninger.net/The Fed threw $630 billion into the market before the vote, and yet the S&P 500 was down 40 handles anyway, and in fact tanked after the vote.
Cybersecurity Expert: Plan afoot to steal election for McCain
• MarkCrispinMiller.blogspot.comHere Spoon tells us that McBush's team--i.e., Karl Rove and his henchpersons-- have their plan in place to steal this next election: by 51.2% of the popular vote, and three electoral votes.
Pentagon's new Africa command raises suspicions about US motives
• McClatchyThe US Africa Command, the Pentagon's first effort to unite its counterterrorism, training and humanitarian operations on the continent, launches amid questions at home about its mission and deep suspicions in Africa about its intentions.
McCain Camp Claims Credit Over Bailout Passage
• AFPMitt Romney, McCain's erstwhile rival for the Republican nomination, said the deal on a Wall Street bailout worth up to 700 billion dollars would never have happened without the Arizona senator. [oh, this is good stuff]
1000s Protest Bailout on Wall Street
• YoutubeFunny, I don't remember hearing about this on the LameStream Media?
A Damn Good Day
Brock LorberThere's good reason to be euphoric - and wary - about the success in turning back the Billionaire Bailout. A bright, shining day...
Mises Institute Predicted Stock Market Bailout - in 1999!
• Mises InstituteThere is an additional danger associated with government intervention in the stock market. Once the feds become actual and potential holders of stock, they will exercise inordinate control over the companies themselves. As owners, they can influence
Without a Bailout Plan, What Will the Cost Be?
• Time magazineTaxpayers are already on the hook for the failures of financial institutions, and it's possible that the bill will actually be larger without bailout legislation than with it. That's because the regulators who mind the financial industry - th
By Years End 15.4 Million Homeowners Will Have Negative Equity
• CalculatedRisk.blogspot.comNot every homeowner with negative equity will default, in fact many of these homeowners will only be underwater by a few percent. But if we estimate one half of homeowners with negative equity will eventually default...
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