Whatever the size, the rest of the world will see that the dollar is being printed in such quantities that it cannot serve as reserve currency. At that point wholesale dumping of dollars will result as foreign central banks try to unload a worthless
Rep. Darrell Issa, R-Calif., the ranking Republican on the House Committee on Oversight and Government Reform, issued a scathing staff report today charging that the White House has "used the machinery of the Obama campaign to tout the president's
FIRST NAME ON THE LIST: Co-Chair Hon. Raúl M. Grijalva (AZ-07). Any other Arizonans? But of course - Hon. Ed Pastor (AZ-04).
The tiny blue-collar city that granted huge salaries to its top officials may have to repay nearly $3 million in illegal property taxes, a state official said Friday. An audit showed that the Los Angeles suburb exceeded a state cap when it raised
Announce that Fannie and Freddie will be closing for all new loan intake as of 12/31/2010. This must be a date-certain, and in the reasonably-current time frame. Four months is enough.
Max talks to former banking regulator William K. Black about rackets and fraud in the financial sector. The Interview starts at 12:40
In a defiant, dramatic and highly unusual speech, Rep. Charles Rangel defended himself against ethics charges by lashing out at the committee holding his trial, poking fun at Obama, ridiculing conservative Democrats and refusing to go away quietly.
Gerald Celente is mad.
The market is now merely a computerized playground in which human traders have no chance of even breaking even in the long run, as the adversary uses consistently illegal means (intentional bid stuffing) to extract every last penny...
US DOD is unable to account properly for 96% of the money. Out of just over $9bn (£5.8bn), $8.7bn is unaccounted for, the inspector says.
Ran across this in the archives. Could there be more to the reported connection between the Arizona government and local prison industries? Inmate Slave Labor Will Replace Migrants in Colorado Fields 3-4-2007 • NY TImes As migrant laborers
Thanks to Nassim Nicholas Taleb, it is now clear that hustlers, like former Fed VC, Alan Blinder, are promoting a loophole that allows multi-millionaires and billionaires to get every penny they have insured by the FDIC, damn the limits.
Sean Penn, who has lived in Port-au-Prince Haiti for months to help manage thousands of displaced Haitians living in a camp, has begun to publicly criticize Wyclef Jeans campaign for President of Haiti. In a statement released to CNN Penn explained,
You would think that someone from deep inside the establishment would revel in supporting the opinion of the gods in white smocks.
Video - live thread here http://www.godlikeproductions.com/forum1/message1153372/pg1
The 2nd Democrat in the House of Representatives to face an ethics trial in the fall wants the charges against her made public and her trial to begin before the November 2 congressional elections, an aggressive defense leading to intra-party squabbli
It seems that all U.S. presidents except for one, share the same bloodline.
My favorite part of the ethics report on Charlie Rangel involves his efforts to "close" a $10 million gift "to create AIG Hall" as part of the Rangel Center at the City College of New York. Yes, that AIG.
The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of AIG...
The "white farmer" revelation was not the real story - but a trap - laid to expose Sherrod and Obama's activities in the "Pigman v. Glickman" race extortion fraud.
This is a video by Karl Denninger explains the evidence uncovered by Nanex of blatant market manipulation.
Where quotes have occured, Nanex's pictures show them shaded in color. Because the quotes aren't random, but are formulaic, patterns emerge from HFT trade sequences. Sometimes the pattern is pretty simple. Other times it's unbelievable.
Rep. Maxine Waters, D-Calif. improperly intervened in 2008 with federal regulators to help get bailout funds for a bank that her husband owned stock in and on whose board he once served, said NBC. Waters also once held stock in the bank.
This episode of fraud is still playing itself out now. And to fail to understand the depth and breadth of this madness is to place oneself in peril, and in the power of those who are twisting the Western economic and political system even now to...
The fact that the market is so one sided in its quote stuffing patterns is sufficient reason to worry of a concerted effort to push stocks higher, initiated from the very top, and effected by not only the Primary Dealer community but by the end...
July 22, 2010: KPHO investigates ties between the Brewer administration and Corrections Corporation of America (CCA) - and how the governor's rhetoric on border security may be damaging Arizona's tourism industry for the benefit of CCA.
A special House of Representatives subcommittee outlined 13 counts of ethics violations against Rep. Charles Rangel, the former chairman of the powerful tax-writing Ways and Means Committee. The charges place his political career in jeopardy and coul
Hank Paulson, the criminally inept Treasury Secretary who shoveled trillions of taxpayer dollars to insolvent banks, facilitated the grand theft of some near $20 billion dollars from AIG by Goldman Sachs , is attempting to change the narrative...
Former Treasury Secretary, Goldman Sachs CEO, and bailout architect Hank Paulson has a bit of a head-scratcher of an op-ed in the Washington Post this evening all about charting a course for sustainable housing policy in the US.
The US is paying thousands of Afghan contractors and subcontractors to perform much of the work that supports U.S. efforts there. But the "Afghan First" program could be achieving just the opposite of its intended effect, according to officials