Advertisements
Tag Archives: barack obama

*RED ALERT: FEMA Making Preparations to Postpone Presidential Elections in Wake of Sandy

from Silver Doctors:

*BREAKING*
FEMA has just reported that they are preparing for Hurricane Sandy to disrupt next Tuesday’s Presidential elections.

Will Obama declare Martial Law along the US east coast due to the massive devastation and become the defacto der fuhrer by suspending elections? 

The Federal Emergency Management Agency is preparing for Hurricane Sandy to disrupt next week’s elections, agency Administrator Craig Fugate said Monday afternoon.

From Politico:

We are anticipating that, based on the storm, there could be impacts that would linger into next week and have impacts on the federal election,” Fugate said on a conference call with reporters.

Read More @ Silver Doctors

Advertisements

GERALD CELENTE: VP Paul Ryan? A Political Suicide Mission! PLUS: The World’s Biggest BANK ROBBERY Continues Unabated

by SGT:

The one and only Gerald Celente from the Trends Journal joins me for an in-depth discussion about the GOP suicide mission. A Paul Ryan VP nomination is an insult to anyone paying attention, Ryan is no conservative much less a Libertarian. To be specific he’s an establishment shill who has voted for bigger military budgets and bigger domestic tyranny. Does the GOP want to hand Obama a second term? Sure looks like it. Also, we discuss the fact that the world’s biggest bank robbery continues unabated. Criminals, criminal everywhere – and plenty of jail cells, for you.

 

The Next Four Years by Gerald Celente

by Gerald Celente, via Infowars:

In the summer, 2012, issue of the Trends Journal, Gerald Celente explains that, despite Obama’s or anyone else’s promises, change will not occur until we as individuals change. Those who wait for a leader to emerge who will do the right thing wait in vain:

I the Person = We the People

What will it take to change the course of the future? As America, the world superpower, gears up to elect its commander-in-chief, each candidate touts his leadership experience; Obama the Osama Slayer vs. Romney the Corporate Commando. Each lists his credentials, saying in effect, “this is why I should lead and why you should follow your leader.”

And what will they lead us to? Economic nirvana, world peace, environmental renewal, social harmony, cultural foment, spiritual enlightenment?

Given the character and track records of both men, and what they propose to do if elected, the presidential race comes down to who is best qualified to destroy the most the slowest.

What prevents so many people from seeing the obvious? Not everyone watches Jersey Shore and American Idol, believes McDonalds is food and that drinking Diet Coke will help them lose weight.

Read More @ Infowars.com

Troops Ordered To Kill All Americans Who Do Not Turn In Guns

Published on Jul 16, 2012 by

Please spread the Word.

http://www.infowars.com/un-gun-grab-follows-state-department-plan/
http://dosfan.lib.uic.edu/ERC/arms/freedom_war.html
http://www.infowars.com/army-manual-outlines-plan-to-kill-rioters-in-america/
http://www.prisonplanet.com/army-course-manual-trains-soldiers-to-confiscate-…

 

Please spread the Word.
http://www.infowars.com/un-gun-grab-follows-state-department-plan/
http://dosfan.lib.uic.edu/ERC/arms/freedom_war.html
http://www.infowars.com/army-manual-outlines-plan-to-kill-rioters-in-america/
http://www.prisonplanet.com/army-course-manual-trains-soldiers-to-confiscate-…

“Complete disarmament” of the American people
Paul Joseph Watson
Infowars.com
Monday, July 16, 2012
The UN Arms Trade Treaty that has been identified by observers as a flagrant threat to the second amendment and which Barack Obama is determined to sign has its roots in a 1961 State Department memorandum which explains how the United Nations will oversee “complete disarmament” of the American people under the ruse of preventing war. The UN Arms Treaty has caused so much controversy because it outlines a plan to target “all types of conventional weapons, notably including small arms and light weapons,” according to Forbes’ Larry Bell.
Former US Ambassador to the UN John Bolton also warns that the agreement “is trying to act as though this is really just a treaty about international arms trade between nation states, but there is no doubt that the real agenda here is domestic firearms control.”
A letter sent last month by 130 Republican House members to President Obama argued that the treaty should be rejected because it infringes on the “fundamental, individual right to keep and bear arms”. The letter adds that “…the U.N.’s actions to date indicate that the ATT is likely to pose significant threats to our national security, foreign policy, and economic interests as well as our constitutional rights.”
Using the rhetoric of the threat post by terrorists, insurgents and “international crime syndicates,” the UN is busy trying to imply that all weapons are somehow involved in illegal activity on a global scale and should therefore be controlled and regulated by a global authority.
This is precisely the same language used in a 1961 U.S. State Department briefing which outlined a long term agenda to carry out a “Program for General and Complete Disarmament in a Peaceful World.”
Invoking the threat of nuclear warfare, the document spells out a plan to create a “United Nations Peace Force” that would “enforce the peace as the disarmament process proceeds.”
While the document initially focuses on scrapping nuclear weapons, it later makes it clear that the only groups allowed to own weapons of any kind would be governing authorities, “for the purpose of maintaining internal order,” and the UN “peacekeeping” force itself, which would require “agreed manpower.”
“The manufacture of armaments would be prohibited except for those of agreed types and quantities to be used by the U.N. Peace Force and those required to maintain internal order. All other armaments would be destroyed or converted to peaceful purposes,” states the document. While the memorandum outlines a broader mandate to destroy national sovereignty, eviscerate national armies and institute the UN as the planet’s supreme authority with a world army, the document serves as a stark reminder that the plan for the United Nations to oversee the abolition of the second amendment has been in the works for decades.
As Bell points out in his Forbes article, the threat of the Obama administration relying on a UN treaty to do what successive administrations have tried but failed to accomplish — taking a huge bite out of the second amendment — is by no means far fetched.
After all, a plethora of UN treaties and international agreements have already stripped the United States of its sovereignty and its power to decide its own laws. The power to authorize U.S. involvement in wars and conflicts has now been almost completely stripped from Congress and handed to the United Nations.

Project Blue Beam in the Obama Era

by, Zen Gardner ZenGardner.com

This may sound like a jest, but it never is when it comes to the programmed media. It’s all serious. They’re either testing the waters, setting precedents, confusing the populace and distracting with disinfo, or planting and reinforcing ideas.

Nothing is casual with these freaks. Everything is pre-packaged or deliberately allowed.

Take this seeming nonsense for example:

Americans favor Obama to defend against space aliens: poll

(AFP) Nearly two in three Americans think President Barack Obama is better suited than Republican rival Mitt Romney to deal with an alien invasion, according to a survey released Wednesday.

National Geographic Channel contacted 1,114 adults across the United States last month for its fanciful opinion poll ahead of its new cable television documentary series “Chasing UFOs.”

Thirty-six percent of respondents said they were certain that unidentified flying objects exist. Eleven percent were confident they had spotted a UFO, and 20 percent said they knew someone who claimed to have seen one. Source

Why the UFO News Spike?

There’s a reason for the intense increase in UFO and alien invasion news, documentaries and movies. These are being brought forward in our consciousness for a reason which will perhaps soon come into play quite profoundly.

Read More @ ZenGardner.com

Trans-Pacific Partnership Paves the Way for Global Corporate Rule

Susanne Posel
WRC559.com
June 26, 2012

For over two and a half years, the global Elite have been negotiating an agreement that would define the global corporate police state in remarkable detail. The purpose of the agreement is to implement corporate dominance over not only our Constitutional Republic, but other sovereign nations.

The inception of over-reaching international laws, rules and regulations which benefit the technocratic takeover of any federal, state or local laws in any town, city, state, or nation.

The agreement encompasses over 20 areas of corporate activity, such as:

• Competition
• Customs
• E-commerce
• Intellectual property
• Investment
• Industrial relations
• Trade

The buzz term “free trade” aligns this agreement in the reality of conceptualizing corporate privileges and rights while simultaneously restricting those in place for governments and individuals.

Ron Kirk, US Trade Representative (USTR) describes the TPP as a “living agreement” that allows for the changes in “trade issues emerge in the future as well as new issues that arise with the expansion of the agreement to include new countries.”

Contextually speaking the recent development of draconian legislation that has graced the floor of the Congress and passed onto being signed into law by President Barack Obama, has painted a clear picture.

Corporate global governance with an army of police and law enforcement officials that stonewall rebellion and assist in the transition from our once free society to a nightmare Orwell once imagined.

All modes of facilitation of freedom are being reworked to serve the trans-national corporation, international governances and the global Elite.

The Trans-Pacific Partnership (TPP) is the brainchild of the United Nations, as it clearly resembles other globalist “free trade” agreements.

As defined in TPP, recognizable courts will be replaced by a UN style three attorney tribunal where conflict of interest does not preclude participation. Nations could be dragged into this tribunal with the use of taxpayer money. Multi-national corporations will use these re-appropriated funds to cover costs for adherence to environmental regulations. These regulations will be UN mandates as defined by their Agenda 21 Sustainable Development scheme which transforms local governments into empty fronts for the global Elite.

The banking cartels would have free reign to continue their derivatives bets without the threat of government regulation. The tribunal would burden governments with proving unequivocally that the technocrats were intentionally thwarting the global and national financial markets. Without that, they would have no governing authority or legal recourse.

In anticipation of these new regulations and tribunals, corporations have received over $350 million for zoning laws, toxic bans, logging regulations and other rules.

This international tribunal of multi-national corporations mandate binding arbitration that overrides the rulings of the US Supreme Court. Essentially, the individual’s right to legal recourse against the actions of any corporation will be rescinded under this private corporate judicial system.

International tribunals governing over corporate actions and required arbitration where the monetary responsibility falls to the taxpayers facilitates not only a conflict of interest but severely restricts the ability to appeal the tribunal’s decision.

Within the TPP, tribunals are defined as having authority over corporate trade and cash sanctions; that are transferred tax-money into the off shore accounts of multi-national corporations.

Under TPP, corporations have unilateral rights that become encompassing not only within the international laws, but regulate national sovereignty by constant threat of taking a country to tribunal “court” and charge the accused nation the costs of the bending arbitration. When an independent nation is leery of approving legislation because the international community and multi-national corporations can file lawsuits on a whim, the foundation of a global corporatocracy has been laid.

According to Lori Wallach, director of Public Citizen’s Global Trade Watch : “These agreements are a little bit like Dracula. You drag them in the sunshine, and they do not fare well. But all of us, and also across all of the countries involved, there are citizen movements that are basically saying that this is not in our name. We don’t need global enforceable corporate rights. We need more democracy. We need more accountability.”
Senator Ron Wyden, chairman of the Senate Trade Committee (STC), has voiced his concerns about the secrecy of the negotiations surrounding the TPP.

Wyden lacks proper security clearance to “documents, including classified materials, relating to negotiations for a trade agreement to which the United States may be a party and policies advanced by the Trade Representative in such negotiations.”

Because Wyden was repeatedly denied access to the TPP documents, he introduced legislation to force the Obama administration to release information on the TPP to the STC.

House Representative Darrell Issa has publicly called out Obama’s suspect demands for total secrecy involving TPP.

Kirk calls the TPP “an ambitious, next-generation . . . agreement that reflect US priorities and values.” However, perhaps he is referencing the corporatocracy that America is being transformed into. Under that new rule, the TPP surely does represent the future of American values and priorities.

———–
This article first appeared at Susanne Posel’s site Occupy Corporatism.

German Born Woman: “Hitler and Obama are the same” – and First-hand Perspective of Hyperinflation

from webcityusa:

At the Peter Schiff seminar at the Moneyshow 2012 Las Vegas, a WW2 survivor from Germany approached Peter to say she has firsthand knowledge of the currency collapse in Germany. Today seems like a repeat of what she experienced as a German child. She makes comparison of Obama to Hitler government and says the currency collapse happened quickly., A bank run could happen again if people dont put their assets in hard currencies like gold and silver.

Ron Paul, Don’t Destroy Yourself

Infowars.com
June 8, 2012

And don’t destroy the liberty movement you helped build either.

That goes double for the junior senator Rand Paul: you can’t win by joining the “lesser of two evils,” because it is still a submission to evil. The Paul family’s grassroots supporters are pleading with them to reverse the betrayal and turn back before a 30 year campaign to revitalize the Constitution and save the Republic is heavily damaged.

Special message from Alex Jones:

————


Ron Paul Supporters Decry Rand’s Endorsement of Romney

 

Majority accuse Kentucky Senator of selling out to Republican establishment

Paul Joseph Watson
Infowars.com
Friday, June 8, 2012

Editor’s Note: Alex Jones will be covering this issue on today’s show. He will also release a special message for Ron Paul tonight.

Rand Paul’s decision to endorse Mitt Romney as Republican candidate for President is causing a firestorm of outrage amongst Ron Paul supporters, who are accusing the Kentucky Senator of selling out to the political establishment.

During an appearance on Sean Hannity’s Fox News show last night, Rand Paul threw his weight behind the former Massachusetts Governor.

“My first choice had always been my father. I campaigned for him when I was 11-years-old. He’s still my first pick,” Paul told Hannity. “But now that the nominating process is over, tonight I’m happy to announce that I’m going to be supporting Gov. Mitt Romney.”

The Romney campaign quickly shot back with an official press release welcoming the endorsement.

“I am honored to have earned the endorsement of Rand Paul. Senator Paul has been a leading voice in the effort to scale back the size and reach of government and promote liberty. Over the past three and half years, President Obama has made government more and more of a presence in our lives, and Americans can’t afford four more years of the same failed policies. As President, I will reform the federal government and make it smaller, simpler, and smarter. I am grateful for Senator Paul’s support and look forward to working with him to get America back on the right track.”

When asked about signs that Rand Paul was moving closer to Romney after a series of low-key meetings with the former Governor of Massachusetts, Alex Jones pointed out that Paul would be far wiser to wait four years before trying to have an impact on the presidential election.

“I think Rand will destroy himself if he does that,” said Jones, adding, “I would advise Rand Paul to refuse it,” if he is offered the VP slot by the Romney campaign.

The reaction to Rand Paul’s endorsement of Romney on pro-Ron Paul websites has been nothing short of savage. Listed below are just a handful of the thousands of comments attacking Rand for his apparent decision to jump in bed with the Republican establishment.

“Not another penny for Rand! THAT IDIOT! He got himself infected by the Washington, shifting, turning, spinning, compromising, eye shutting WASHINGTON BUG!”

“Son betrayed the father. Looks are perception. Perception is marketing. No kid does this to his father. Rand could have quietly gone to the polls and voted. I can’t see it as anything except spineless.”

“He was an equivocator from the beginning. He does not have the same commitment to the Constitution. He’s feathering his own bed. Now, let him lie in it!”

“This weakens us by making us have to bend to the establishment and compromise our beliefs. Paulistas, we never compromised one hair during this whole journey. Are you willing to begin compromising now?”

“Rand Paul is a pathetic sellout! I just emailed the Campaign For Liberty to let Rand know exactly how I feel. He is a traitor. He has lost my vote in 2016.”

However, there’s still a minority who believe Paul is cleverly trying to cosy up to Romney so he can inject constitutionalist ideas into the presidential run off and potentially secure a VP slot.

“Rand needs to be getting his ducks in a row for I suppose a second choice which would be Mitt for POTUS & Rand for VP….Rand is evidently playing Paulitics here folks… So I would appreciate for all of those who have been attacking Rand to please STOP,” wrote one commenter.

“Rand is not capitulating. Rand is not genuflecting. Rand is entrenching himself in the GOP. The liberty movement has a guy in the heart of the GOP in Rand, and how can that be bad? When Rand becomes President, we’ll see strength in a leader that’s been unseen since Reagan,” added another.

As we have documented, Mitt Romney is a wolf in sheep’s clothing. His alleged attendance at the 2012 Bilderberg Group meeting only confirms the fact that is another puppet for the elite.

Romney has firmly indicated that he will continue to focus the war on terror domestically against U.S. citizens by backing the National Defense Authorization Act and its provision that allows Americans to be kidnapped and held indefinitely without trial.

Ignoring the rhetoric, Romney’s political history clearly illustrates how he is barely any different from Barack Obama.

As we have documented, Romney laid down the template for Obamacare, has supported the call for carbon taxes, has proven himself to be anti-second amendment, as well as failing to oppose illegal immigration and abortion. If anything Romney is more dangerous than a second Obama term because he would put conservatives to sleep while continuing the same policies.

Romney and Obama are also bankrolled by the same financial interests, namely Goldman Sachs, Credit Suisse Group, Morgan Stanley, Bank of America, JP Morgan Chase, UBS, Citigroup, Wells Fargo and Barclays.

The only saving grace of Rand Paul being offered the VP slot is that he cannot be any worse than the likes of Marco Rubio, a committed neo-con who has been aggressively calling for the U.S. to commit to more unaffordable military attacks on Syria and Iran.

However, the general mood amongst Paulites is not accommodating of the notion that Rand is just “playing politics” to gain more influence. The majority clearly view his endorsement of Romney as an act of betrayal and a sign that the Kentucky Senator has become part of the establishment he so aggressively campaigned against during his Tea Party triumph in 2010.

Why Does The Mainstream Media Ignore The Bilderberg Group?

Michael Snyder
The American Dream
Thursday, May 31, 2012

Over the next several days, more than a hundred of the most powerful people on the planet will attend a secret conference at a hotel in Chantilly, Virgina.  Some of the biggest names in politics and business will be there.


The hotel is going to be completely locked down and will be swarmed by hordes of security guards carrying machine guns.  This conference is so important that even the U.S. Secret Service is rumored to be involved in providing security.  These meetings have been held yearly since 1954, but no record of what goes on at them has ever been officially released to the public and all the attendees are sworn to secrecy.  Decisions made at this conference will affect the lives of every man, woman and child on the planet.  But the vast majority of Americans will have no idea that the Bilderberg Group is meeting about 20 miles from Washington D.C. this year because the mainstream media in the United States ignores the Bilderberg Group almost entirely year after year.  Based on the coverage it gets from the U.S. media, you would think that the Bilderberg Group was a non-event.  But if some of the most powerful people on the planet are getting together to discuss our future, don’t you think the mainstream media should be covering it?

The Bilderberg Group is much more than just a social club.  It has played a major role in shaping the direction of the world since it was created in 1954.  The Bilderberg Group helped create the European Union and it helped create the euro.  This year efforts to save the euro are rumored to be high on the agenda.

And considering the big names that show up at this conference on a yearly basis you would think that the U.S. media would be extremely interested in it.  The following is just a sampling of the big names that have attended Bilderberg in recent years….

Bill Clinton, George H.W. Bush, Prince Charles, David Cameron, Tony Blair, Henry Kissinger, Bill Gates, Angela Merkel, Ben Bernanke, Timothy Geithner, Rick Perry, David Rockefeller, Herman van Rompuy, Jean-Claude Trichet, Jeff Bezos, Chris R. Hughes, Eric Schmidt, Craig J. Mundie, Anders Fogh Rasmussen, Richard Perle, Paul Volcker, Lawrence Summers, Hillary Clinton and Joe Biden

Isn’t that enough star power to get the attention of the mainstream media?

A complete list of the “official attendees” of the Bilderberg Group from last year can be found right here.

You would think that this would be big news.

But apparently there is so much else going on in the world that there isn’t any room to cover the Bilderberg Group.

For example, right now on USA Today you can find the following headlines on the front page….

-Trilogies spring up on reading lists

-Spelling still matters in era of texting, spell check

-Many chain stores now add a toy aisle for adults

Perhaps other news sources are discussing more important news.

Then again, perhaps not.

On the front page of CNN, you can currently find the following headlines….

-Airline seat squeeze: It’s not just you

-Group: Prove Romney’s not a unicorn

-Scientists confirm ‘old person smell’

No wonder CNN is experiencing record low television ratings.

The mainstream media may be ignoring Bilderberg, but based on the level of security around the hotel you would be tempted to think that it was the most important event in the United States this year.

A recent article by Paul Joseph Watson discussed some of the extraordinary security measures that are being implemented to protect this conference….

Undercover Fairfax police, secret service, hotel security, as well as diplomatic service personnel are all now rushing to finalize preparations for the arrival of Bilderberg members tomorrow morning.

According to London Guardian journalist Charlie Skelton, conference organizers were also using iPhones to film guests who had arrived for brunch. Regular guests as well as journalists are also having background checks run against their names.

Alex Jones also heard discussions between members of Bilderberg security about how sophisticated surveillance equipment using satellites was being used to tap phones of prominent activists and media personalities set to cover the event.

So why doesn’t the mainstream media want to cover this?

In the past, a number of top politicians (including future U.S. presidents) have attended Bilderberg prior to getting elected to very important positions.  A recent WorldNetDaily article detailed a few examples of this phenomenon….

George H.W. Bush attended in 1985. He became president in 1988. Bill Clinton attended in 1991. He became president a year later. Tony Blair attended in 1993. He became prime minister of England in 1997. Romano Prodi attended in 1999. Later that year he became president of the European Union Commission. In 2004, Sen. John Edwards spoke to the group. He was later anointed the Democratic vice presidential nominee by presidential candidate John Kerry.

It is even rumored that Barack Obama and Hillary Clinton held a secret meeting at Bilderberg back in 2008.

Amazingly, there are indications that Barack Obama may have held a little “pre-Bilderberg meeting” again this year.  According to the Economic Policy Journal, Obama snuck away from reporters on Saturday for some mysterious reason….

Of note, President Obama disappeared this weekend.. Reporters were miffed. Was it a pre-Bilderberg meeting for the Prez?

On Saturday, West Wing Report had these odd tweets:

President arrived 1:10 ET at Andrews golf course. Playing today with regulars Marvin Nicholson; Walt Nicholson & Pete Selfridge

President back at White House. In a breach of longtanding policy, his motorcade departed without hooking up with the waiting press vans.

Pool does not know first hand when the president left Andrews, what route he took, or when he arrived at White House

Press pool always accompanies the president wherever he goes. Decades-long tradition violated again.

Remember, if the President meets someone outside the White House, it isn’t logged in on WH records amd there is no record if the press aren’t there to record it.

So where did Obama go during that missing time and why did he ditch the press?

They will probably never tell us.

The truth is that the mainstream media is the biggest “gatekeeper” of all.

They decide what is important and what is not important.

They decide what is going to be in “the news” and what the American people are going to be talking about.

They choose to totally ignore the Bilderberg Group and so most Americans will not even hear about it this year.

And that is really sad.  The truth is that those that attend Bilderberg have big plans for all of us.

David Rockefeller, a regular attendee at Bilderberg meetings, wrote the following in a 2003 book entitled “Memoirs”….

“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it.”

I don’t know about you, but I don’t like the fact that a bunch of elitists are holding secret conferences where they discuss how to build a “more integrated global political and economic structure”.

The future of America should be in the hands of the American people – not in the hands of secretive global elitists that desire to shape the world in their own image.

Please share this information and other articles you can find about the Bilderberg Group with as many people as you can.  The mainstream media is not doing their job, so it is up to all of us to get the truth out.

 

Australians Face Huge Fines For Speaking Ill Of New Carbon Tax

The tax whose name cannot be spoken

Paul Joseph Watson
Infowars.com
Friday, May 25, 2012

Praised by Barack Obama as a model for the world, Australia’s highly unpopular carbon tax, set to take effect from July 1st, is set to be policed by laws which forbid business owners from criticizing it for causing price rises – with thought criminals who do so under threat of being hit with huge fines of over $1 million dollars.

“SHOPS and restaurants could face fines up to $1.1 million if waiters or sales staff wrongly blame the carbon tax for price rises or exaggerate the impact,” reports the Daily Telegraph.

According to ACCC deputy chairman Dr Michael Schaper, the warning applies, “to comments made by staff over the phone, on the shop floor or in meetings. It also covers advertising, product labels, websites, invoices, contracts and contract negotiations.”

This draconian measure will be enforced by teams of “carbon cops” who roam the streets conducting snap inspections of businesses to ensure they are not making any reference to the tax.

The characterization of dissent against the carbon tax as a criminal offense exemplifies how the measure passed last year goes way beyond merely forcing Australia’s top 500 companies to pay an extra $23.78 per each tonne of CO2 emitted. The system will be rolled into a carbon trading system by 2015.

Not only will Australians be whacked with price rises on everything from energy to food, small business owners will also be intimidated into silence when they are forced to pay out more for key supplies. Energy prices across the country have already been skyrocketing over the course of the last year.

After the carbon tax bill passed Australia’s federal parliament last year, the government set about “trying to erase any dissent against the jobs-destroying legislation,” wrote Miranda Devine.

“It’s all very Orwellian: the tax whose name cannot be spoken. We are already paying for the climate-change hysteria that has gripped Australia for a decade.”

“But no matter how Orwellian the tactics, no matter how many carbon cops are sent into hairdressing salons to interrogate barbers on the precise nature of their price rises, the truth remains: Australia has gone out on a limb, imposing a carbon tax that will send businesses to the wall, cause undue hardship to families, and tether Australians more tightly to government handouts.”

“And soon, we will send billions of dollars overseas to buy useless pieces of paper called carbon credits. Investment bankers, lawyers and carbon traders will get rich, as will all the usual spivs and scam artists ready to stick a bucket under the government spigot raining taxpayer cash.”

Although Barack Obama has largely been forced to abandon a carbon tax for Americans, instead targeting coal-fired power plants via EPA mandates, last year he praised the Australian system as being “good for the world.”

As we have documented, the entire carbon tax scam is a monumental fraud which does nothing to help the environment even if you believe in climate change hysteria, in that its primary purpose is to line the pockets of ‘carbon billionaires’ like Al Gore and Maurice Strong.

Obama’s support for Australia’s carbon tax is unsurprising given the fact that he was “instrumental in developing and launching the privately-owned Chicago Climate Exchange” via millions of dollars in donations from the Joyce Foundation, with whom Obama served as a director.

Carbon trading schemes are directly connected to people in third world nations like Honduras and Uganda being brutally evicted from their land and in some cases slaughtered in cold blood. Western companies make billions from seizing land and using it to grow trees in return for lucrative carbon credits which are then sold to companies under carbon tax schemes like the one passed in Australia.

WORLD WAR III: Armageddon Begins – Republican-Led House Votes to Allow United States Military Action Against Iran!

[ED NOTE: Non Fear mongering – Information Purposes only. Please Follow Up With Your Own Research]

 

The Republican-led House of Representatives approved Friday the use of US force against Iran if the Tehran regime threatens the United States and its allies with nuclear weapons.

According to a section of the National Defense Authorization Act, “it shall be the policy of the United States to take all necessary measures, including military action if required, to prevent Iran from threatening the United States, its allies or Iran’s neighbors with a nuclear weapon.”  Lawmakers by a vote of 299-120 passed the sweeping legislation, which sets out a total of $642.5 billion in military expenditures for the coming fiscal year. The bill including the tough Iran language came just a day after a non-binding but sharply worded House resolution put pressure on President Barack Obama to prevent Tehran from pursuing its nuclear program and reject policy merely aimed at containing a nuclear weapons-capable Iran.  Friday’s measure would make the possible use of force a key plank in US policy to prevent Iran from acquiring an atomic bomb.

The bill would still need to pass the Democratic-controlled Senate, where Obama’s allies are highly unlikely to pass the House version without substantial changes.  Obama has already threatened to veto the measure if it prevents his administration from carrying out its defense strategy.  The House legislation would require the US military to prepare a plan to boost the presence of the US Navy’s Fifth Fleet in the Middle East, and conduct military exercises “or other visible, concrete military readiness activities.”  Iran and the P5+1 powers — Britain, China, France, Russia and the United States, plus Germany — are preparing to meet next week in Baghdad for crunch talks on Tehran’s contested nuclear program. Western powers and Israel say Iran is masking an ambition to obtain nuclear weapons under cover of a civilian energy program, a charge Tehran vehemently denies.Rawstory.

Source

AmeriKa 2012: Chicago NATO Summit Photos Day 1

If this doesn’t make your blood boil, you probably don’t have a pulse.

SEE More @ Public Intelligence.net:

He had great sexual warmth: Obama’s secret Australian girlfriend tells all in new book

Pressforactivism.com
WRC559.com
03/05/2012

YOU’RE a smart-looking dude fresh out of college with the whole of New York to romance.

You’ve just broken up with a chick from California – it was a long-distance thing and she was a serious literary type who made you write to her about T.S. Eliot.

But then you meet a hot young primary school teacher in a kitchen at some party. You’re wearing jeans, a T-shirt and cool leather jacket. She has an accent and it turns out she’s the daughter of a diplomat. From Australia. A week later she spends the night with you. Score.

She’s comfortable with you lounging around bare-chested in a blue and white sarong – hey, she grew up in Indonesia too – and doesn’t mind that you wear Brut, smoke and eat raisins.

For some reason you break up and years later, while you’re making a name for yourself in politics, you decide to write an autobiography.

Except, you don’t talk about the raisins, the sarong or the fact she’s an Aussie. You just refer to her as “woman in New York that I loved”. And then you start making stuff up.

Which would be fine, if you didn’t go on to become the President of the United States.

Normally, when trouble comes Barack Obama’s way, it’s more of the “North Korea threatens nuclear war” variety. Ex-girlfriend stuff rarely comes up. That’s more Bill Clinton’s patch.

But a new biography threatens to bog down the President by revealing intimate details of his past loves that raise questions about why his memory of the ’80s in New York was so fuzzy.

Obama admitted to David Maraniss, author of Barack Obama: The Story, that “woman in New York” was a “compression” of several girlfriends he had in New York and Chicago.

But there was only one woman he dated in New York and she was Australian Genevieve Cook.

Maraniss had access to Cook’s diaries and they shed light on the character and personality of the young Obama.

“I’m left wondering if Barack’s reserve, etc is not just the time in his life, but, after all, emotional scarring that will make it difficult for him to get involved even after he’s sorted his life through with age and experience,” Cook wrote after breaking up with Obama in 1985. “Hard to say, as obviously I was not the person that brought infatuation. (That lithe, bubbly, strong black lady is waiting somewhere!)”

The diaries, extracts of which appear in the new issue of Vanity Fair, also recall their first night together and what it was about Obama that made him so attractive.

“I’m pretty sure we had dinner maybe the Wednesday after. I think maybe he cooked me dinner. Then we went and talked in his bedroom. And then I spent the night. It all felt very inevitable.”

“I open the door, that Barack keeps closed, to his room, and enter into a warm, private space pervaded by a mixture of smells that so strongly speak of his presence, his liveliness, his habits – running sweat, Brut spray deodorant, smoking, eating raisins, sleeping, breathing.”

She also recalls how Obama would spend Sundays lounging around bare-chested in a blue and white sarong, while drinking coffee and solving The New York Times crossword puzzle. She also talks about his great sexual warmth.

Obama chose to remember things differently for his autobiography, Dreams of My Father.

In one passage he writes about taking his New York girlfriend to see a play by a black playwright:

“It was a very angry play, but very funny. Typical black American humour. The audience was mostly black, and everybody was laughing and clapping and hollering like they were in church. After the play was over, my friend started talking about why black people were so angry all the time. I said it was a matter of remembering – nobody asks why Jews remember the Holocaust, I think I said – and she said that’s different, and I said it wasn’t, and she said that anger was just a dead end. We had a big fight, right in front of the theatre. When we got back to the car she started crying. She couldn’t be black, she said. She would if she could, but she couldn’t. She could only be herself, and wasn’t that enough.”

Maraniss says “none of this none of this happened with Genevieve. She remembered going to the theatre only once with Barack, and it was not to see a work by a black playwright.”

The author put this detail to the President, to which Obama replied: “It is an incident that happened. But not with her. He would not be more specific, but the likelihood is that it happened later, when he lived in Chicago. I was very sensitive in my book not to write about my girlfriends, partly out of respect for them.”

Obama’s autobiography does say in the introduction to Dreams of My Father that “some of the characters that appear are composites of people I’ve known”. But his description of his white New York girlfriend is touching and feels genuine.

“She had dark hair, and specks of green in her eyes. Her voice sounded like a wind chime.” Reading T.S. Eliot paid off.

Source

Bilderberg Favorite Rubio Calls For Attacking Iran & Syria

Florida Senator cements his place as a neo-con poster child

Paul Joseph Watson
Infowars.com
Thursday, April 26, 2012

Bilderberg Group elitists who are considering Marco Rubio to become Mitt Romney’s running mate were probably enamored by Rubio’s “foreign policy chops” during a Brookings Institution speech yesterday in which the Florida Senator cemented his place as a neo-con poster child by calling for a US-led military assault on Iran and Syria.

Speaking of Iran, Rubio stated, “We should also be preparing our allies, and the world, for the reality that unfortunately, if all else fails, preventing a nuclear Iran may, tragically, require a military solution.”

He also said that Syria should become a target for “American leadership,” in the context of ignoring UN mandates and sending in American troops to directly help rebel fighters who, as we have documented, are being directed by Al-Qaeda terrorists.

“You need the center of gravity to instigate this coalition (supporting opposition groups in Syria) and move forward with a defined plan,” said Rubio. “In the absence of American power and American influence and American leadership, it’s hard to do that.”

Rubio’s zeal for committing the United States to yet more unaffordable and pointless wars is likely to get him in the good books of the Bilderberg Group. It also went down well with the Brookings Institution, an establishment think tank that openly admits in its own memos that the “responsibility to protect” humanitarian ruse is merely a crude pretext for long-planned regime change in Syria.

The Telegraph’s Tim Stanley points out that Rubio is basically firming up his spot as a poster child for neoconservatives who are petrified at the fact that Ron Paul and Rand Paul have brought a large percentage of the Republican Party back to its non-interventionist roots.

“It’s hard not to be troubled by Rubio’s all-encompassing vision of American hegemony,” he writes. “Especially if you’re not American. Another quote: “What happens all over the world is our business. Every aspect of [our] lives is directly impacted by global events. The security of our cities is connected to the security of small hamlets in Afghanistan, Pakistan, Yemen and Somalia.”

“Apparently, if some goatherd in the mountains of Afghanistan loses one of his flock to a landmine, the consequences for Topeka, Kansas could be terrible. The absurdity of the theory that literally every security problem in the world is a direct threat to the United States is but one example of Rubio’s naïveté. In his vision, America never makes mistakes and everyone loves it. Small nations regard the US as their protector against bigger nations, whose wickedness is irrational.”

During his speech, Rubio also took time to praise the ridiculously contrived ‘Kony 2012′ fad, which as we vehemently documented at the time was nothing less than an effort to grease the skids for the U.S. military invasion of Africa.

“So Rubio is campaigning for the vice president slot in the Republican Party by promising to embroil our country in two major Middle East wars, and moreover to do so without the backing of international law,” writes Juan Cole. “But this step is precisely the mistake George W. Bush made in Iraq, and it meant that the US was mostly on its own in fighting, dying and paying for that war. Syria is 2/3s the size of Iraq, and Iran is 3 times more populous, so Rubio is committing us not only to bear more thousands of war dead and badly wounded but also to spend trillions in distant Middle Eastern deserts.”

As we reported earlier this month, a story by veteran Washington Post columnist Al Kamen explained how Rubio was looking to “boost his foreign-policy chops” by following around the likes of Barack Obama and Hillary Clinton to international summits as a means of building his internationalist credibility.

Kamen more than subtly suggested that Rubio could be a favorite of the Bilderberg Group, which he described as “uber-secret global power brokers”, a collection of financiers, politicians, CEOs, academia and media bigwigs, who routinely have an influence on the U.S. presidential election, picking Barack Obama’s VP in 2008 and John Kerry’s running mate in 2004.

Earlier this week, Rubio hit the campaign trail with Romney, described by observers as appearing like “a running mate audition,” just days after making a Freudian slip when he told a forum, “Three, four, five, six, seven years from now, if I do a good job as vice president — I’m sorry, as senator — I’ll have the chance to do all sorts of things.”

Bilderberg’s influence on U.S. presidential elections is well documented. During the June 2008 Bilderberg meeting in Northern Virginia, the press lost track of the whereabouts of both Barack Obama and Hillary Clinton. Reports subsequently suggested that the two had got together for a “private meeting” in Northern Virginia, which almost certainly meant they had both attended that year’s Bilderberg confab.

Veteran Bilderberg sleuth Jim Tucker yesterday confirmed that our report earlier this week that Bilderberg are almost certain meet at the Westfields Marriott Washington Dulles hotel in Chantilly, Virginia from May 31st to June 3rd.

Secretive Bilderberg Group Set To Meet In Virginia May 31st-June 3rd

Globalist clique set to play role in U.S. presidential election

Paul Joseph Watson
Infowars.com
Tuesday, April 24, 2012

Speculation that the location of the Bilderberg Group’s annual meeting would be chosen to coincide with this year’s U.S. presidential election appears to have been accurate with the likelihood that Bilderberg will hold their confab in Chantilly, Virginia from May 31st to June 3rd.

As we reported yesterday, rumors that Haifa, Israel would be the location of the conference appear to have been misguided. The Westfields Marriott Washington Dulles hotel, site of the Bilderberg meeting in 2002 and 2008, is fully booked from Thursday May 31st up to and including June 3rd, but has rooms available either side of those dates, suggesting almost certainly that it will be home turf for Bilderberg’s crucial 2012 get-together.

“The odds were pretty high that in election year the not-so-public face of the Bormann continuity NATO P2 – otherwise know as the Bilderberg conference – would take place in the US,” points out Bilderberg.org’s Tony Gosling.

Bilderberg sleuth Gosling notes that the choice of location will virtually guarantee that people flying into the United States to cover the conference will be met with “what have now become the ‘normal’ US pre-WW3 fascist ‘customs’ checks.”

Indeed, after last year’s scenes in St. Moritz Switzerland, where Bilderberg members were directly confronted by protesters after a bizarre decision to take a ‘nature walk’ down the mountainside to their hotel, expect security around this year’s conference to be noticeably tighter.

Although the Westfields Marriott is very likely to play host to this year’s Bilderberg meeting, the group has been known in the past to book numerous hotels as a decoy to throw reporters off the scent.

Bilderberg’s decision to hold the conference in the United States is directly connected with the key role the secretive clique of industrialists, bankers, academic leaders and media figureheads will play in influencing the 2012 presidential election.

As we reported earlier this month, Bilderberg are set to select Mitt Romney’s running mate, with Florida Senator Marco Rubio the prime candidate to take the VP slot. Bilderberg displayed their kingmaker status during the last two U.S. presidential elections when they selected Barack Obama’s running mate Joe Biden in 2008, as well as picking John Edwards to be John Kerry’s VP in 2004.

Rubio has primed himself as a well-groomed internationalist candidate, following the likes of Hillary Clinton around to international summits including last weekend’s Summit of the Americas in Colombia.

The potential for Obama himself to make an appearance at this year’s event is also a distinct possibility given what happened four years ago, when Obama and Clinton evaded the press and reportedly met with Bilderberg in Virginia behind closed doors. A year later at the 2009 Bilderberg meeting in Greece, Obama officials delivered private briefings to Bilderberg elitists, reported Politico’s Ken Vogel.

Although no final decision has been made, it’s almost certain that Alex Jones will be in attendance to protest the meeting just as he was at the same location in 2008. Meanwhile, veteran Bilderberg tracker Jim Tucker of the American Free Press won’t have far to travel – given the amount of air miles Tucker has racked up over the decades covering Bilderberg this year’s confab is virtually in his backyard.

The Best Reason in the World to Buy Gold

by Gordon G. Chang, Forbes.com:

Beijing is planning to avoid U.S. financial sanctions on Iran by paying for oil with gold. China’s imports of the metal are already large, and you can guess what additional purchases are going to do to prices.

On the last day of 2011, President Obama signed the National Defense Authorization Act for Fiscal Year 2012. The NDAA, as it is called, attempts to reduce Iran’s revenue from the sale of petroleum by imposing sanctions on foreign financial institutions conducting transactions with Iranian financial institutions in connection with those sales. This provision, which essentially cuts off sanctioned institutions from the U.S. financial system, takes effect on June 28.

The NDAA gives the president the power to waive the sanctions depending on the availability and price of supplies from non-Iranian sources. He can also exempt financial institutions from countries that have significantly cut back purchases of Iranian petroleum.

Read More @ Forbes.com

Combining FBI Terrorist suspicious activity guidelines with NDAA

Pressforactivism.com
April 22, 2012

What do you get when you combine the FBI Terrorist Screening Center’s suspicious activity reporting guidelines with the NDAA? This report looks into the ways our government can now deem virtually anyone a terrorist for almost any reason and how detrimental much of the new legislation in this area is to American citizens and our Constitution. It would appear the real threat to our freedom is not terrorism, but the war our government is waging on it   Could You Be a Terrorist?

The above excerpt was posted on targetfreedom.com.

Asian Call Center Workers Trained With U.S. Tax Dollars

Information Week
Thursday, April 19, 2012

Despite President Obama’s recent call for companies to “insource” jobs sent overseas, it turns out that the federal government itself is spending millions of dollars to train foreign students for employment in some booming career fields–including working in offshore call centers that serve U.S. businesses.

The program is called JEEP, which stands for Job Enabling English Proficiency. It’s available to college students in the Philippines through USAID. That’s the same agency that until a couple of years ago was spending millions of dollars in U.S. taxpayer money to train offshore IT workers in Sri Lanka–until I reported that inconvenient truth in this story. The ensuing uproar led to the Sri Lanka initiative’s termination.

A JEEP document published by USAID notes that the program “is classroom based, and focuses on the specialized English skills required by employers in areas such as: nursing and allied healthcare; maritime services; travel and tourism services; business process outsourcing (BPO), and other areas of international employment.” Students–there are about 23,000 in the Philippines currently enrolled–commit to undertake 400 hours of training during two years of study.

It’s the BPO (another name for call center operations) part of the curriculum that’s troubling for U.S. offshoring opponents. When I informed Congressman Tim Bishop (D-New York) about the program on Tuesday, he called it “surprising and distressing.” Bishop, who was instrumental in getting USAID to end its Sri Lanka program, recently introduced a bill that would make companies that outsource call centers ineligible for government contracts.

Full story here.

The Too Big To Fail Banks Are Now Much Bigger And Much More Powerful Than Ever

The Economic Collapse
Wednesday, April 18, 2012

The Democrats, the Republicans and especially Barack Obama promised that something would be done about the too big to fail banks so that they would never again be a threat to destroy our financial system.


Well, those promises have not been kept and the too big to fail banks are now much bigger and much more powerful than ever.  The assets of the five biggest U.S. banks were equivalent to about 43 percent of U.S. GDP before the financial crisis.  Today, the assets of the five biggest U.S. banks are equivalent to about 56 percent of U.S. GDP.  So if those banks were “too big to fail” before, then what are they now?  They continue to gobble up smaller banks at a brisk pace, and they continue to pile up debt and risky investments as if a day of reckoning will never come.  But of course a day of reckoning is coming, and when it arrives they will be expecting more bailouts just like they got the last time.

The size of these monolithic financial institutions is truly difficult to comprehend.  They completely dominate our financial system and everywhere you look they are constantly absorbing more wealth and more power.  The following comes from a recent Bloomberg article….

Five banks — JPMorgan Chase & Co. (JPM), Bank of America Corp. (BAC), Citigroup Inc., Wells Fargo & Co. (WFC), and Goldman Sachs Group Inc. — held $8.5 trillion in assets at the end of 2011, equal to 56 percent of the U.S. economy, according to central bankers at the Federal Reserve.

Five years earlier, before the financial crisis, the largest banks’ assets amounted to 43 percent of U.S. output. The Big Five today are about twice as large as they were a decade ago relative to the economy

Despite all of the talk from the politicians, they just keep getting bigger and bigger and bigger.

So why isn’t anything ever done?

Well, one reason is because these gigantic financial entities funnel huge quantities of cash into political campaigns.

For example, Barack Obama gives nice speeches about the dangers of the too big to fail banks, but he is also more than happy to take their campaign contributions.  Goldman Sachs, JPMorgan Chase and Citigroup were all rankedamong his top 10 donors during the 2008 campaign.

So do you really expect that Barack Obama is going to bite the hands that feed him?

Of course he is not going to do that.

The truth is that the Obama administration and the Federal Reserve have done everything they can to make life very comfortable for the big Wall Street banks.

During the last financial crisis, the too big to fail banks were absolutely showered with bailouts.

Meanwhile, hundreds of small and mid-size banks were allowed to die.

When representatives from those small and mid-size banks contacted the federal government for help, often they were told to try to find a larger bank that would be willing to buy them.

Sadly, the last financial crisis simply accelerated the consolidation of the banking industry in the United States that has been going on for several decades.

Today, there are less than half as many banks in the United States as there were back in 1984.

So where did all of those banks go?

They were either purchased by bigger banks or they were allowed to go out of existence.

This banking consolidation trend has allowed the big Wall Street banks to absolutely explode in size.

Back in 1970, the 5 biggest U.S. banks held 17 percent of all U.S. banking industry assets.

Today, the 5 biggest U.S. banks hold 52 percent of all U.S. banking industry assets.

So where will this end?

That is a good question.

The funny thing is that Federal Reserve Chairman Ben Bernanke and other Fed officials keep giving speeches where they warn of the dangers of having banks that are “too big to fail”.  For example, during a recent presentation to students at George Washington University, Bernanke made the following statement about the U.S. banking system….

“But clearly, it is something fundamentally wrong with a system in which some companies are ‘too big to fail.’”

So does that mean that Bernanke is against the too big to fail banks?

Of course not.

The truth is that he showered those banks with trillions of dollars in bailout money during the last financial crisis.

The amount of money in secret loans that some of the big Wall Street banks received from the Federal Reserve was absolutely staggering.  The following figures come directly from a GAO report….

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Bank of America – $1.344 trillion
Goldman Sachs – $814 billion
JP Morgan Chase – $391 billion

Bernanke has shown that he is willing to move heaven and earth to protect those big banks.

So what did those banks do with all that money?

They certainly didn’t lend it to us.  Lending to individuals and small businesses by those big banks actually went down immediately after those bailouts.

Instead, one thing that those banks did was they started putting massive amounts of money into commodities.

One of those commodities was food.

Over the past few years, big Wall Street banks have made huge amounts of money speculating on the price of food.  This has caused food prices all over the globe to soar and it has caused tremendous hardship for hundreds of millions of families around the planet.  The following is from a recent article in The Independent….

Speculation by large investment banks is driving up food prices for the world’s poorest people, tipping millions into hunger and poverty. Investment in food commodities by banks and hedge funds has risen from $65bn to $126bn (£41bn to £79bn) in the past five years, helping to push prices to 30-year highs and causing sharp price fluctuations that have little to do with the actual supply of food, says the United Nations’ leading expert on food.

Hedge funds, pension funds and investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate the food commodities markets, dwarfing the amount traded by actual food producers and buyers.

Goldman Sachs alone has earned hundreds of millions of dollars in profits from food speculation.

Can you imagine what kind of mindset it takes to do this?

Can you imagine taking food out of the mouths of hungry families on the other side of the world so that you and your fellow employees can pad your bonus checks?

It really is disgusting.

But that is the way the game is played.

It is set up so that the big guy will win and the little guy will lose.

The other day I wrote about how this is particularly true when it comes to our system of taxation.

Well, since that article I have discovered some new numbers that were just released by Citizens for Tax Justice.  Some of the things that they have uncovered are absolutely amazing….

Between 2008 and 2011, Verizon made a total profit of $19.8 billion and yet paid an effective tax rate of -3.8%.

Between 2008 and 2011, General Electric made a total profit of $19.6 billion and yet paid an effective tax rate of -18.9%.

Between 2008 and 2011, Boeing made a total profit of $14.8 billion and yet paid an effective tax rate of -5.5%.

Between 2008 and 2011, Pacific Gas & Electric made a total profit of $6 billion and yet paid an effective tax rate of -8.4%.

So why should middle class families continue to be suffocated by outrageous tax rates when hugely profitable corporations such as General Electric are able to get away with paying nothing?

Our current tax system is an utter abomination and should be completely thrown out.

But as is the case with so many other things, our current system is going to persist because the “big guys” really enjoy the status quo and they are the ones that fund political campaigns.

It would be bad enough if the “big guys” were beating us on a level playing field.

But the truth is that the game has been dramatically tilted in their favor and they know that the politicians are going to take care of them whenever they need it.

So what is going to happen the next time the too big to fail banks get into trouble?

They will almost certainly get bailed out again.

Unfortunately, the big Wall Street banks continue to treat the financial system as if it was a gigantic casino.  The derivatives bubble just continues to grow larger and larger, and it could burst and absolutely devastate the entire global financial system at any time.

According to the New York Times, the too big to fail banks have complete domination over derivatives trading.  Every month a secret meeting that includes representatives from JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup is held in New York to coordinate their control over the derivatives marketplace.  The following is how the New York Times describes those meetings….

On the third Wednesday of every month, the nine members of an elite Wall Street society gather in Midtown Manhattan.

The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly confidential.

When the derivatives market fully implodes, there will not be enough money in the world to bail everyone out.  According to the Comptroller of the Currency, the too big to fail banks have exposure to derivatives that is absolutely outrageous.  Just check out the following numbers….

JPMorgan Chase – $70.1 Trillion

Citibank – $52.1 Trillion

Bank of America – $50.1 Trillion

Goldman Sachs – $44.2 Trillion

So what happens when that house of cards comes crashing down?

Well, those big banks will come crying to the federal government again.

They will want more bailouts.

They will claim that if we don’t give them the money that they need that the entire financial system will collapse.

And yes, if several of the too big to fail banks were to collapse all at once the consequences would be almost unimaginable.

But of course all of this could have been avoided if we would have made much wiser decisions upstream.

Our financial system is more vulnerable than it ever has been before, and the too big to fail banks just continue to grow.

The lessons from the financial crisis of 2008 have gone unheeded, and we are steamrolling toward an even greater crash.

What a mess.

%d bloggers like this: