How Is The U.S. Economy Supposed To Succeed When Our Politicians And The Big Banks Are Making Billions Of Dollars Betting Against It?

Most people around the globe think of America as a great “capitalist” economic machine, but the truth is that the U.S. financial system is essentially one massive betting parlor at this point. In fact, there has been a whole lot of easy money made in this betting parlor over the past several years by our politicians and by the big financial players down on Wall Street. So how did they make all of this money? They did it by betting against America. By betting that the U.S. economy would do badly, a lot of very powerful people have gotten insanely wealthy. Literally billions of dollars have been made over the past five years simply by betting that the U.S. housing market would go into the toilet. But is all of this “short selling” and are all of these “side bets” actually good for the American economy? How is the U.S. economy supposed to succeed when the big banks and so many of our politicians are actively making bets against it?

Just take a moment and check out some of the folks that have been betting against America….'

Read more...

Is The U.S. Economy Being Tanked By Mistake or By Intent?

The government wants Americans to believe the greatest economic collapse in history was the result of ineptness and mistakes yet still have confidence in their financial institutions.

Should American bankers be let off the hook because they self-declare, before an investigational panel, that the failure of their newly invented risk swaps and other highly leveraged investment schemes was simply due to "mistakes"? Not malfeasance – just every-day mistakes? Bankers just fell asleep at the helm at a critical juncture in American history. Is that what we are being led to believe?

Oh well, it’s just 18 million American homes that now lay empty in the wake of unprecedented foreclosures, and the bankers have collected obscene bonuses for reckless lending of their depositors’ money. It’s like the captain and crew of a ship saying, not to worry, twenty-percent of the passengers were lost overboard, but this was due to unavoidable mistakes, and then being rewarded with bonuses when they reach port.'

Read more...

Banksters: U.S. Economy Hit by Perfect Storm

Bernanke's Trillion-Dollar Decision

The biggest decision of the economic recovery will be made in the next six months, and Barack Obama will have almost nothing to do with it.

Forget the debate over TARP, and never mind the questions about a second stimulus. This decision is about when to pull out $1 trillion that’s propping up the U.S. banking system. And it will be Federal Reserve Chairman Ben Bernanke and his Fed colleagues who make the call.'

Read more...

Peter Schiff: Barack Obama Is Saying One Thing & Doing The Other!

The Big Money Behind Geithner

A guy who can’t figure out his own taxes is supposed to fix the economy? This is the absurd rationale being offered by media figures such as Andrea Mitchell of NBC News for confirming Timothy Geithner as Obama’s Treasury Secretary after it was disclosed that he was a serial tax evader. He did his own taxes for a couple years and got into trouble, Mitchell chuckled. And everybody can relate to that, right? Mitchell is the one who deserves to be laughed at. This guy is supposed to be so smart we can entrust him with managing the entire U.S. economy? She must be kidding. Does she seriously expect us to believe that?

Read more...

Liquidate the Banks; Fire the Executives

On Tuesday, a congressional panel headed by ex-Harvard law professor Elizabeth Warren released a report on Treasury Secretary Timothy Geithner's handling of the Troubled Assets Relief Program (TARP). Warren was appointed to lead the five-member Congressional Oversight Panel (COP) in November by Senate majority leader Harry Reid.

From the opening paragraph on, the Warren report makes clear that Congress is frustrated with Geithner's so-called "Financial Rescue Plan" and doesn't have the foggiest idea of what he is trying to do. Here are the first few lines of "Assessing Treasury's Strategy: Six Months of TARP":

"With this report, the Congressional Oversight Panel examines Treasury’s current strategy and evaluates the progress it has achieved thus far. This report returns the Panel’s inquiry to a central question raised in its first report: What is Treasury’s strategy?"

Six months and $1 trillion later, and Congress still cannot figure out what Geithner is up to. It's a wonder the Treasury Secretary hasn't been fired already.

Read more...

Geithner’s Oligarchs

The US Becoming a 'Banana Republic'

'Just as in emerging-market crises, the weakness in the banking system has quickly rippled out into the rest of the economy, causing a severe economic contraction and hardship for millions of people. But there’s a deeper and more disturbing similarity: elite business interests—financiers, in the case of the U.S.—played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them.'

Read more...

Derivatives: The Heart of Financial Darkness

The heart of our financial crisis is reckless speculation with "too big to fail" funds by a relatively small group of US based money center banks. There is sufficient circumstantial evidence from their concerted lobbying efforts to undo and resist regulation to show planning and forethought in what is an almost amazingly straightforward case of fiduciary and financial fraud. Many a blind eye was turned to the decline of the nation as it occurred, as the media and politicians and financial regulators were caught up in a seductive web of corruption.

The perpetrators are still in place, relatively unrestrained, and certainly not facing anything that might be called 'justice.'

Read more...

The Obama Economy

As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama's policies have become part of the economy's problem.

Read more...

The Zionist Nexus Linking 9-11 and the Financial Crisis

The current financial crisis, like 9-11, did not just fall out of the sky. Rather, both 9-11 and the financial melt-down are the results of decades of planning and preparation. President Clinton's denial of responsibility for the current economic crisis notwithstanding, it was his administration, indeed, his special adviser, the Israeli son-of-a-terrorist Rahm Emanuel, who took credit for single-handedly pushing the economically treasonous NAFTA bill through Congress. That a president from the pro-labor Democrat party would support a bill designed to destroy the jobs of millions of working Americans as it devastated the U.S. manufacturing sector is something that the mainstream media has never addressed.

Read more...

The Economic Collapse: How It Was Engineered

The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo.

The U.S. Economy: Designed to Fail

President Barack Obama showed a great deal of gumption in standing before Congress last night delivering his first speech to the joint assembly. All the trappings of power were on display as members of the House and Senate, the Supreme Court, the Joint Chiefs, the Cabinet, and the VIP guests hugged and waved at each other, radiant in their tailored attire only two nights after the Hollywood stars put on their own show on Oscar night.

Too bad neither the president, nor Vice President Joe Biden and Speaker of the House Nancy Pelosi applauding on the podium behind him, nor the jubilant Democrats with their solid majorities, nor the grumpy Republicans slouching in the minority across the aisle, know what they are doing as economic extinction stares the United States of America in the face.

Read more...

U.S. Economy: Consumer Confidence, Home Prices Slump

U.S. consumer confidence collapsed this month and home values plunged in December, the latest evidence of a deepening economic slump that Federal Reserve Chairman Ben S. Bernanke today warned may last into 2010.
The Conference Board’s confidence index dropped more than anticipated to 25, the lowest level since data began in 1967, the New York-based research group said today. Another report showed home prices dropped a record 18.5 percent from December 2007.

Read more...

Obama's Wealth Destruction

President Obama is under the impression that history owes him $1 trillion right now to spend on whatever he wants. His language is strident and full of irritation that anyone would question his right to live out his personal dream of being Franklin Roosevelt to George Bush's Hoover. This, he says, is what the election was all about.

The arrogance reminds me of George Bush after 9-11, who similarly believed that history owed him a gargantuan war in the tradition of FDR. And look how that arrogance led to disgrace and loss, as he unwittingly presided over the destruction of American prosperity while searching for bugbears abroad.

Read more...

It Will Not Be The CHANGE You Expected!

When the euphoria over the election of Barack Obama wears off, and the uncertainty of a rapidly deteriorating economy and the revulsion of the continuing bloodletting in the Mid-east begin to once again penetrate the thick skulls of the naive and gullible fools who were taken in by the mass media election hype wake up, they will find to their disappointment the same corrupt and incompetent government in Washington whose irresponsible policies have brought America to the edge of the abyss.

Obama, despite all his rhetoric of change and hope, has no intention of carrying out the will of the people, nor does he have the power to do so.

Read more...

Pastor Lindsey Williams Details "Economic Calamity" Ahead

For some years now, I have been saying that the "money changers" and "banksters" in London and New York are setting us up. They're playing a money game in which all of the marbles are on the table. It seems that this game is now in the bottom of the Ninth inning.

Tonight I listened to the Reverend Lindsey Williams on American Voice Radio, hosted by Ms. Gianni Hayes. Some people will recognize his name, some won't. I am not going to go into a lengthy bio. You will have to do that research yourself, assuming you even have an interest. I will only mention that he is the man who, because of his contacts in the oil industry, correctly predicted that the world price for oil would fall from roughly $140.00 per barrel to less than $50.00 per barrel.

He claims to be well connected to what he calls "the power elite," and I firmly believe that he is telling the truth. But, what he calls the power elite is just one level of corporate America. He interacted with the high paid servants of the oil industry. That would be the executives of ARCO and other big oil companies when he served as chaplain for the Alaska pipeline. He knows and admits that the "real power" is much further up the food chain. Bottom line? Personally, as far as I am concerned, Reverend Williams character and credibility are unimpeachable.

I think it is very important to pay attention to what he has to say.

Read more...

U.S. Slashes Interest Rates Close to 0% in Battle Against Depression

The U.S. Federal Reserve shocked the world last night by slashing its benchmark interest rate close to zero and declaring it would pump out vast amounts of cash to businesses and consumers in a bid to beat recession.
The central bank set the official rate to between zero and 0.25 per cent. Experts say the move could be copied within months by the Bank of England.
While this could help stimulate the British economy, it would be dire news for the nation's savers - who outnumber borrowers by seven to one.

Read more...

So the central banks printing presses are running red hot and the interest rates are as close to 0 as you can get.

The question for me is what happens when both these methods fail as they have been set up to do.

What happens then?