7/24/13
Wall Street attempts to corner commodities markets questioned.
http://www.washingtonpost.com/opinions/harold-meyerson-big-banks-dangerous-commodity-monopolies/2013/07/23/c310683e-f3c6-11e2-9434-60440856fadf_story.html?tid=pm_opinions_pop
http://www.opednews.com/articles/Edward-Snowden-and-Financi-by-Dean-Baker-130723-147.html
7/25/13
Obama wins right for indefinite detention?
http://rt.com/usa/obama-ndaa-appeal-suit-229/
7/27/13
JP Morgan quits the commody business. What does it mean?
http://www.cnbc.com/id/100900230
http://mobile.bloomberg.com/news/2013-07-27/jpmorgan-commodities-exit-may-sap-liquidity-until-others-step-in.html
Quiet law which gave banks the right to gamble with your paycheck and they have been doing just that. Your money is now legally their money from the time you deposit that check.
"In fact, the banking institution is now legally allowed to use those customer funds deposited as collateral, payment on debts for loans made, or free use on the stock market to purchase investments as the bank sees fit."
Fred Grede, SMG trustee, explained that brokers are no longer required to keep customer money separate from their own. “It does not bode well for the protection of customer funds.”
Since the ruling gives banks the right to co-mingle customer funds with their own, no crime can be committed for the use of customer deposited monies."
http://www.occupycorporatism.com/customer-deposits-are-property-of-the-bank-close-your-account-now/
7/29/13
The US debt hits 16.7 trillion. What are the details?
http://rt.com/business/us-treasury-debt-limit-exceeded-629/
For the details see below
https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=13072400.pdf
7/31/13
JP Morgan to pay millions in fines for manipulating electricity prices.
http://www.theguardian.com/business/2013/jul/30/jpmorgan-ferc-penalty-energy-prices
7/31/13
The incredible decline of the American Middle Class and the likely reaction--Why Obama is finally addressing the problem.
A lengthy quote on this subject.
"What is America going to look like when the middle class is dead? Once upon a time, the United States has the largest and most vibrant middle class in the history of the world. When I was growing up, it seemed like almost everyone was "middle class" and it was very rare to hear of someone that was out of work. Of course life wasn't perfect, but most families owned a home, most families had more than one vehicle, and most families could afford nice vacations and save for retirement at the same time. Sadly, things have dramatically changed in America since that time. There just aren't as many "middle class jobs" as there used to be. In fact, just six years ago there were about six million more full-time jobs in our economy than there are right now. Those jobs are being replaced by part-time jobs and temp jobs. The number one employer in America today is Wal-Mart and the number two employer in America today is a temp agency (Kelly Services). But you can't support a family on those kinds of jobs. We live at a time when incomes are going down but the cost of living just keeps going up. As a result, the middle class in America is being absolutely shredded and the ranks of the poor are steadily growing. The following are 44 facts about the death of the middle class that every American should know...
1. According to one recent survey, "four out of five U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives".
2. The growth rate of real disposable personal income is the lowest that it has been in decades.
3. Median household income (adjusted for inflation) has fallen by 7.8 percent since the year 2000.
4. According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.
5. The home ownership rate in the United States is the lowest that it has been in 18 years.
6. It is more expensive to rent a home in America than ever before. In fact, median asking rent for vacant rental units just hit a brand new all-time record high.
7. According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.
8. The U.S. economy actually lost 240,000 full-time jobs last month, and the number of full-time workers in the United States is now about 6 million below the old record that was set back in 2007.
9. The largest employer in the United States right now is Wal-Mart. The second largest employer in the United States right now is a temp agency (Kelly Services).
10. One out of every ten jobs in the United States is now filled through a temp agency.
11. According to the Social Security Administration, 40 percent of all workers in the United States make less than $20,000 a year.
12. The ratio of wages and salaries to GDP is near an all-time record low.
13. The U.S. economy continues to trade good paying jobs for low paying jobs. 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.
14. Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.
15. At this point, one out of every four American workers has a job that pays $10 an hour or less.
16. According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.
17. In the year 2000, about 17 million Americans were employed in manufacturing. Today, only about 12 million Americans are employed in manufacturing.
18. The United States has lost more than 56,000 manufacturing facilities since 2001.
19. The average number of hours worked per employed person per year has fallen by about 100 since the year 2000.
20. Back in the year 2000, more than 64 percent of all working age Americans had a job. Today, only 58.7 percent of all working age Americans have a job.
21. When you total up all working age Americans that do not have a job, it comes to more than 100 million.
22. The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.
23. The percentage of Americans that are self-employed has steadily declined over the past decade and is now at an all-time low.
24. Right now there are 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
25. In 1989, the debt to income ratio of the average American family was about 58 percent. Today it is up to 154 percent.
26. Total U.S. household debt grew from just 1.4 trillion dollars in 1980 to a whopping 13.7 trillion dollars in 2007. This played a huge role in the financial crisis of 2008, and the problem still has not been solved.
27. The total amount of student loan debt in the United States recently surpassed the one trillion dollar mark.
28. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
29. Back in the year 2000, the mortgage delinquency rate was about 2 percent. Today, it is nearly 10 percent.
30. Consumer debt in the United States has risen by a whopping 1700% since 1971, and 46% of all Americans carry a credit card balance from month to month.
31. In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.
32. One study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt, and according to a report published in The American Journal of Medicine medical bills are a major factor in more than 60 percent of all personal bankruptcies in the United States.
33. Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.
34. Today, approximately 46.2 million Americans are living in poverty.
35. The number of Americans living in poverty has increased by more than 15 million since the year 2000.
36. Families that have a head of household under the age of 30 have a poverty rate of 37 percent.
37. At this point, approximately 25 million American adults are living with their parents.
38. In the year 2000, there were only 17 million Americans on food stamps. Today, there are more than 47 million Americans on food stamps.
39. Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.
40. Right now, the number of Americans on food stamps exceeds the entire population of the nation of Spain.
41. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
42. At this point, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history. That number has risen by 57 percent since the 2006-2007 school year.
43. According to U.S. Census data, 57 percent of all American children live in a home that is either considered to be "poor" or "low income".
44. In the year 2000, the ratio of social welfare benefits to salaries and wages was approximately 21 percent. Today, the ratio of social welfare benefits to salaries and wages is approximately 35 percent.
And not only is the middle class being systematically destroyed right now, we are also destroying the bright economic future that our children and our grandchildren were supposed to have by accumulating gigantic mountains of debt in their names. The following is from a recent article by Bill Bonner...
Today, the U.S. lumbers into the future with total debt equal to about 350% of GDP. In Britain and Japan, the total is over 500%. Debt, remember, is the homage that the future pays to the past. It has to be carried, serviced… and paid. It has to be reckoned with… one way or another.
And the cost of carrying debt is going up! Over the last few weeks, interest rates have moved up by about 15% — an astounding increase for the sluggish debt market. How long will it be before long-term borrowing rates are back to “normal”?
At 5% interest, a debt that measures 3.5 times your revenue will cost about one-sixth of your income. Before taxes. After tax, you will have to work about one day a week to keep up with it (to say nothing of paying it off!).
That’s a heavy burden. It is especially disagreeable when someone else ran up the debt. Then you are a debt slave. That is the situation of young people today. They must face their parents’ debt. Even serfs in the Dark Ages had it better. They had to work only one day out of 10 for their lords and masters.
We were handed the keys to the greatest economic machine in the history of the planet and we wrecked it.
As young people realize that their futures have been destroyed, many of them are going to totally lose hope and give in to despair.
And desperate people do desperate things. As our economy continues to crumble, we are going to see crime greatly increase as people do what they feel they need to do in order to survive. In fact, we are already starting to see this happen. Just this week, CNBC reported on the raging epidemic of copper theft that we are seeing all over the nation right now...
Copper is such a hot commodity that thieves are going after the metal anywhere they can find it: an electrical power station in Wichita, Kan., or half a dozen middle-class homes in Morris Township, N.J. Even on a Utah highway construction site, crooks managed to abscond with six miles of copper wire.
Those are just a handful of recent targets across the U.S. in the $1 billion business of copper theft.
"There's no question the theft has gotten much, much worse," said Mike Adelizzi, president of the American Supply Association, a nonprofit group representing distributors and suppliers in the plumbing, heating, cooling and industrial pipe industries.
The United States once had the greatest middle class in the history of the world, but now it it dying.
This is causing a tremendous amount of anger and frustration to build in this nation, and when the next major wave of the economic collapse strikes, a lot of that anger and frustration will likely be unleashed.
The American people don't understand that these problems have taken decades to develop. They just want someone to fix things. They just want things to go back to the way that they used to be.
Unfortunately, the great economic storm that is coming is not going to be averted."
From:
http://theeconomiccollapseblog.com/archives/44-facts-about-the-death-of-the-middle-class-that-every-american-should-know
8/3/13
JP Morgan fines top 7 billion in the last two years. Who got that money?
http://deadlinelive.info/2013/08/01/jp-morgan-7-billion-in-fines-in-just-the-past-two-years/
8/6/13
What is behind the Detrioit Bankruputcy. Who wins and who loses?
http://www.alternet.org/economy/detroit-and-pensions?akid=10766.260128.lgnwVb&rd=1&src=newsletter878614&t=13
Aside from the above crooked loans, wall street also cripple the city via the commodities market. That tomorrow.
http://www.nytimes.com/2013/08/06/us/chicago-sees-pension-crisis-drawing-near.html?src=me&ref=general
http://www.nytimes.com/2013/08/05/opinion/a-plan-to-avert-the-pension-crisis.html
http://www.city-journal.org/2013/23_1_calpers.html
http://www.truth-out.org/news/item/17996-the-detroit-bail-in-template-fleecing-pensioners-to-save-the-banks
You heard of Wall Street selling phony home mortgages to prospective homeowners? They did the same thing to cities and municipal and state pension fund managers selling them worthless securitized mortagage derivatives. Now scores of cities and even states may go bankrupt trying to pay off wall street loans and phony pension fund scams. It will come out of the pockets of workers and pensioners who will be lucky to get 50 cent on the dollar.
http://online.wsj.com/article/SB10001424127887323968704578652302136846358.html
Justice Department Sues BankAmerica over phoney derivatives
http://www.forbes.com/sites/halahtouryalai/2013/08/06/bank-of-america-hit-with-fraud-suits-over-855m-in-mortgage-securities/
8/7/13
Snowden and the US economy. Video
http://rt.com/op-edge/keiser-international-confidence-crumbling-snowden-182/
8/8/13
300 tons a day of radio active water pouring into the Pacifica from Japan. What will be the costs?
http://www.independent.co.uk/news/world/asia/with-fukushima-nuclear-plant-still-leaking-japan-cleanup-bill-soars-to-50bn-8730832.html
http://news.nationalgeographic.com/news/energy/2013/08/130807-fukush
SEC getting tough with JP Morgan?
http://dealbook.nytimes.com/2013/08/08/inquiry-into-jpmorgans-trading-loss-enters-final-stage/?_r=0
http://www.nytimes.com/2013/08/03/business/economy/us-cuts-take-increasing-toll-on-job-growth.html
8/9/13
The latest in Wall Street's War Against Any Regulation
http://www.theguardian.com/commentisfree/2013/jun/19/wall-street-lawfare-strategy-regulation
8/9/13
What wrong with Obama's Plan to divest of Fannie Mae and Freddie Mac
http://www.theguardian.com/world/2013/aug/06/obama-dismantle-fannie-mae-freddie-mac-speech
http://www.theguardian.com/commentisfree/2013/aug/09/fiddling-fannie-freddie-sets-up-crash
JP Morgan faces more suits:
http://rt.com/business/jp-morgan-defrauding-mortgage-226/
http://www.crainsnewyork.com/article/20130807/FINANCE/130809902
http://www.huffingtonpost.com/2013/08/08/jpmorgan-probe-bear-stearns_n_3729331.html
http://www.reuters.com/article/2013/08/08/us-jpm-whale-iksil-idUSBRE97715C20130808
http://www.bloomberg.com/news/2013-08-09/obame-fradu-task-force-takes-on-the-big-banks.html
http://www.reuters.com/article/2013/08/08/jpmorgan-probe-bear-idUSL1N0G91N920130808
8/9/13
Arrests imminent in the JP Morgan 6.2 Billion dollar lose?
http://dealbook.nytimes.com/2013/08/09/authorities-set-to-arrest-2-former-jpmorgan-employees-in-london-whale-case/
http://www.reuters.com/article/2013/08/08/us-jpm-whale-iksil-idUSBRE97715C20130808
8/11/13
Fukushima will leak radioactive water into the Pacifca forever?
http://rt.com/op-edge/tepco-fukushima-sea-water-reactor-194/
8/12/13
JP Morgan moves to number 20 on the short list.
"A stock with a high “days to cover” value compared to its peers would be considered to have a higher level of short interest as compared to those peers. This could mean short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the price of the stock will decline."
http://www.forbes.com/sites/dividendchannel/2013/08/12/jpmorgan-chase-becomes-20-most-shorted-dow-stock-replacing-coca-cola/
US deficit down 37 percent?
http://www.huffingtonpost.com/2013/08/12/us-budget-deficit_n_3745096.html
NY AG sues Payday lenders. Bankers behind this move?
http://www.americanbanker.com/issues/178_155/new-york-ag-sues-online-payday-lenders-1061279-1.html
8/13/13
Obama plan to turn over home owner mortgages to wall street for profits.
Getting rid of Fannie and Freddie is not a good idea and is going the way of student loans
http://www.counterpunch.org/2013/08/13/obama-puts-private-capital-at-center-of-housing-plan/
Our kids will not be able to buy homes.
8/15/13
JP Morgan Whale causing 6.2 Billion loss will likely implicate higher ups?
http://www.pbs.org/newshour/bb/business/july-dec13/jpmorgan_08-14.html
Obama polls numbers drop
http://thehill.com/blogs/blog-briefing-room/news/317153-obamas-economic-approval-falls-amid-new-push
Hedge Fund Moguls to Big to Jail
http://www.policymic.com/articles/56329/steve-cohen-case-too-big-to-jail-will-cause-america-to-fail
8/17/13
Why does the stock market plummet when things improve for the 99 percent and rises when they improve for the 1 percent? Because their profits depend upon things staying bad for the 1 percent, the middle class and the poor.
www.washingtonpost.com/business/economy/recessions-pain-reaching-deep-into-the-economic-recovery/2013/08/21/6fe5ce28-090c-11e3-9941-6711ed662e71_story.html
"The Wall Street Journal reported this Thursday “Stock and bond prices tumbled after stronger-than-expected economic data …”
Why would good news about the economy cause the stock market to fall? The sentences continuewww.zerohedge.com/news/2013-08-14/us-consumer-bankruptcies-jump-most-three-years-third-party-collections-all-time-high: “… raised investor anxiety about a pullback next month in central-bank support for financial markets …”
http://www.nationofchange.org/bankization-america-1376721385
The unspoken fact about the above is that 1 percent profits depend upon the continuation of a system which gives them for free 85 billion dollars month, free money, countless tax breaks, taxpayer money, and low wages from the poor, the middle class and the young and immigrants. That is the true basis of the so-called American "prosperity" today.
Intern exploitation part of the scenario in many countries:
See:
http://www.google.com/hostednews/afp/article/ALeqM5hk5FOwkMwrRUAgmkyqdN6qi4itKg?docId=CNG.dfa7bbe024938db68f270b73b0849fdc.201
Meantime:
http://www.zerohedge.com/news/2013-08-14/us-consumer-bankruptcies-jump-most-three-years-third-party-collections-all-time-high
8/19/13
Obama calls federal regulators together to get them moving on Dodd-Frank rules for regulating the big banks
http://www.nytimes.com/2013/08/20/business/obama-presses-for-action-on-bank-rules.html?_r=0
8/20/13
The Sheriff of Wall Street Is Back
http://www.truth-out.org/news/item/18290-not-too-big-to-jail-why-eliot-spitzer-is-wall-streets-worst-nightmare
8/21/13
Obama's Secret Weapon Against the Republicans: The Federal Agency You Never Heard of and What it Does.
Ignore the slant in this article and see why the right is worried. Read between the lines.
It is one thing to get a law passed. The real power comes in how the detail around how the rules and regulations are written up and interpreted.
http://thehill.com/blogs/regwatch/administration/317961-regulation-nation-obama-enlists-new-team-in-second-term-push
More on OIRAThe White House Blurb on OIRA
http://www.whitehouse.gov/omb/inforeg_default
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2192639
Understand that in the middle of the bureaucratic-speak the OIRA is where sitting Presidents can interpret and implement laws to the President's liking and, in the above case, where the President can legislate laws already passed by Congress and slant how the laws actually work through writing and interpreting the rules and regulations of how the laws will be actually implemented. This is a powerful power.
And, this is common practice. In this case, Obama, thwarted by the republicans is, now with new appointments in place, can alter the vector of laws; in this case to make a case for the upcoming congressional and presidential elections, rewarding constituenties and also to buttress up his legacy.
8/22/13
http://www.forbes.com/sites/steveschaefer/2013/08/22/moodys-weighing-another-round-of-big-bank-downgrades/
8/23/13
Wall Street moves to stop the "Move Your Money Movement"
http://rt.com/shows/keiser-report/
8/24/13
Technology ain't going to save us? Says pundit.
"The clear message in economist Robert Gordon’s must-read National Bureau of Economic Research paper, “Is U.S. Economic Growth over?” is that Silicon Valley can’t maintain the economy on its own. His paper is guaranteed to make investors lapse into denial if not cardiac arrest, especially hard-core high-tech fans convinced that technology is indeed the miracle worker that can solve all problems and will save the world."
From:
http://www.marketwatch.com/story/silicon-valley-cant-save-americas-dying-economy-2013-08-24?reflink=MW_GoogleNews&google_editors_picks=true
See also:
http://faculty-web.at.northwestern.edu/economics/gordon/is%20us%20economic%20growth%20over.pdf
8/24/13
World Bankers meet to decide the fate of the rest of us. What did they have to say?
http://www.reuters.com/article/2013/08/24/us-usa-fed-idUSBRE97M10B20130824?feedType=RSS&feedName=topNews&rpc=71&google_editors_picks=true
They are the 1%. Who are the 99 percent?
http://www.cnn.com/2013/08/23/opinion/sutter-99-inequality-must-read
8/26/13
Bankers who want to break up the big banks
http://www.huffingtonpost.com/2013/08/26/bank-life-insurance-1990s-wall-street-trades_n_3816034.html?utm_hp_ref=business
8/26/13
JP Morgan to sever ties with foreign banks?
http://usfinancepost.com/jpmorgan-trimming-ties-to-overseas-banks-5923.html
8/27/13
Would JP Morgan be worth more if broken up into four parts?
http://www.huffingtonpost.com/2013/08/26/jpmorgan-chase-broken-up_n_3819042.html
8/28/13
JP Morgan hit with a 6 billion dollar suit from Feds. Another one?
http://mobile.reuters.com/article/idUSBRE97Q0YE20130828?irpc=932
http://mobile.reuters.com/article/idUSBRE97Q0YE20130828?irpc=932
9/6/13
Is the recovery "racist? See below.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/06/the-recovery-is-racist/?tid=pm_business_pop
9/9/13
Elizabeth Warren Call Supreme Court "too far right."
http://www.politico.com/story/2013/09/elizabeth-warren-supreme-court-far-right-96449.html?ml=po_r
9/13/13
Wells Fargo Crashes: No deposits, no transfers, no withdrawals, just ATM withdrawals through much of the Bay Area.
This is just days before the Sept 18th Bernanke expected announcement that banks will not be getting 85 billion a month anymore. This makes me wonder.
What should you do? Maybe this is not an accident and may be a run-through prior to next Wednesday?
Wells will be trying to keep as much of your money as possibe before Bernanke makes his Sept 18th annonncement.
I could be wrong but I don't think so.
Get out of risky stocks and out of bonds and get as much of your cash as you can in the few days before Sept 18th. The banks don't want you do do that. But Monday morning or Saturday if you can, get some cash, if you need to, above the limits ATM's place on withdrawals. You can always redeposit it on later. They will try to blame it on hackers or computer crashes. Really? Let's see if I am right.
Understand that other banks and other companies and the economy will impacted because if we don't have the debit cards to pay our bills, stuff happens.
Even if this turns out to be a false alarm, understand that when a crash happens it will happen precisely this way, banks will shut down, or limit withdrawals-it happened in Europe, especially Greece and in other countries many times. Limits will be placed on transfering money out of the country and/or deposits can and were simply taken from bank accounts above certain amounts.
The financial situation of the world is more fragile than people realize.
Bottom line: get some cash and keep some cash for critical needs on hand in case-don't leave it all in the bank.
http://www.nbcbayarea.com/news/local/Wells-Fargo-Customers-Report-Banking-Issues-223699781.html
http://www.moneynews.com/StreetTalk/Paulson-QE-Volatility-Bernanke/2013/09/12/id/525426
http://etfdailynews.com/2013/09/13/tapering-signals-bernankes-demise/
9/14/13
Not a single other article on the Wells Fargo situation in today's press. Makes you wonder.
9/14/13
College is a Waste of Time? Google CEO speaks.
http://www.businessweek.com/articles/2013-09-13/googles-eric-schmidt-and-ann-marie-slaughter-agree-college-kinda-stinks?google_editors_picks=true
Five Years After the Financial Crisis of 2008
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/14/what-we-get-wrong-when-we-talk-about-the-financial-crisis/?tid=pm_business_pop
9/18/13
Fed Continues 85 Billion payout to banks.
http://www.boston.com/business/news/2013/09/18/fed-delays-bond-tapering-wants-see-more-data/E9dpjpcVBDZuz9IlFUhIrL/story.html
http://touch.latimes.com/#section/-1/article/p2p-77455646/
Why is Wall Street celebrating the Fed announcement that the economy is not moving forward at a decent rate? Let's look at this decision tommorow absent the mumbo-jumbo.
9/19/13
Basic facts to understand:
The Federal Reserve is not, federal, not governmental but a consortium of the major banks in the United States. The 85 billion to them is essentially continual bailout. The bailout has meant that the banks are holding on to 1.4 trillion on profits which they refuse to lend out to mainstreet, using it to continue to gamble just as the did in the 2008 financial crisis. They lend some of it to the Federal Goverment but basically the are swapping the toxic mortgages on their balance sheets for new free unencumbered dollars for the Federal Reserve which is themselves.
It is a money laundering operation. Doubt it? Read on.
http://mobile.reuters.com/article/idUSBRE9890IQ20130918?irpc=932
But first we have to understand the players in the situation, the banks, the Federal Reserve, and Main Street.
Here is is some background.
http://www.authorsden.com/visit/viewshortstory.asp?id=59045&authorid=121255
Who are the players and their relationships?
http://www.authorsden.com/visit/viewshortstory.asp?id=49909&authorid=121255
How the world financial system really works.
http://www.authorsden.com/visit/viewshortstory.asp?id=54435&authorid=121255
What are going to be solutions to specific problems?
http://www.authorsden.com/visit/viewshortstory.asp?id=50518&authorid=121255
http://www.authorsden.com/visit/viewshortstory.asp?id=53920&authorid=121255
http://www.authorsden.com/visit/viewshortstory.asp?id=53990&authorid=121255
What does Ron Paul think?
http://www.politico.com/story/2013/09/ron-paul-fed-move-wont-help-99-percent-97047.html?ml=la
9/27/13
Bank deposits are down. What does it mean?
http://www.americanbanker.com/video/why-deposit-losses-are-banks-next-problem1061842-1.html
Banks will never admit that the "Move Your Money" movement is having an impact. Notice that banks depend upon your daily deposits (which they own not you) to play with, and notice that Wells Fargo and the other big banks are now looking to destroy community and local banks as a threat. Read between those lines.
10/10/13
Who is Janet Yellen and What Will Her Policies Be Like?
http://mobile.reuters.com/article/idUSBRE9981A320131010?irpc=932
http://thehill.com/homenews/senate/327659-gop-promises-careful-review-of-yellen
11/6/13
The Super Rich Have Abandoned America-The Source of their Wealth? What Will Happen?
http://admin.alternet.org/economy/rich-dont-need-us?page=0%2C1&akid=11114.260128.P5YhoW&rd=1&src=newsletter919989&t=3
11/12/13
http://www.enewspf.com/latest-news/latest-national/latest-national-news/47869-court-authorizes-irs-to-issue-summonses-for-records-relating-to-u-s-taxpayers-with-offshore-bank-accounts.html
Occupy buys up homeowner debt.
http://www.theguardian.com/world/2013/nov/12/occupy-wall-street-activists-15m-personal-debtt
11/14/13 Can I buy up debt the same way Occupy did?
http://www.marketplace.org/topics/wealth-poverty/hey-occupy-wall-street-will-you-buy-my-debt
11/13/13
Janet Yellen: What is she about?
http://www.pbs.org/newshour/businessdesk/2013/11/folly-of-the-fed-why-janet-yel.html
Congressional Testimony: The Video
http://www.c-span.org/Events/Senate-Hearing-on-Federal-Reserve-Nomination/10737442622-1/
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/11/13/nine-questions-the-senate-should-ask-janet-yellen/
https://mail.google.com/mail/u/0/h/1sy144ll53kke/?&v=c&th=14258826c654717d
http://www.newyorker.com/online/blogs/johncassidy/2013/11/the-yellen-doctrine-robust-growth-is-the-priority-but-bubbles-matter.html?utm_source=tny&utm_medium=email&utm_campaign=dailyemail&mbid=nl_Daily%20(61)
China Making Big Changes: What and what are they?
http://www.npr.org/blogs/thetwo-way/2013/11/15/245383840/china-unveils-major-economic-changes?sc=tw
http://www.npr.org/blogs/money/2013/11/15/245470830/chinas-going-to-get-old-before-it-gets-rich?sc=tw
http://www.pbs.org/newshour/bb/world/july-dec13/china2_11-15.html
11/16/13
http://www.economicpopulist.org/content/home-ownership-rates-are-bad-news-america-5427?google_editors_picks=true
11/18/13
The Woes and Triumphs of JP Morgan.
http://www.postindependent.com/news/8749359-113/mortgage-bank-billion-money
11/27/13
The Trouble With China
"When it comes to reckless money creation, it turns out that China is the king. Over the past five years, Chinese bank assets have grown from about 9 trillion dollars to more than 24 trillion dollars. This has been fueled by the greatest private debt binge that the world has ever seen. According to a recent World Bank report, the level of private domestic debt in China has grown from about 9 trillion dollars in 2008 to more than 23 trillion dollars today. In other words, in just five years the amount of money that has been loaned out by banks in China is roughly equivalent to the amount of debt that the U.S. government has accumulated since the end of the Reagan administration. And Chinese bank assets now absolutely dwarf the assets of the U.S. Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England combined. You can see an amazing chart which shows this right here. A lot of this "hot money" has been flowing out of China and into U.S. companies, U.S. stocks and U.S. real estate. Unfortunately for China (and for the rest of us), there are lots of signs that the gigantic debt bubble in China is about to burst, and when that does happen the entire world is going to feel the pain."
From:
https://mail.google.com/mail/h/s5vugui9gmte/?&v=c&th=14298ef83f627b04
11/27/13 The Trans-Pacific agreement-What is it all about?
http://www.alternet.org/corporate-accountability-and-workplace/corporate-coup-disguise
12/7/13
http://www.nationofchange.org/fed-s-employment-taper-myth-big-six-bank-stocks-and-downgrades-1386430139
1/6/14
Retirement Theft in 2014
http://www.nationofchange.org/retirement-theft-four-despicable-steps-1389019806
1/13/14
Poverty in the Suburbs: The Look of the Future?
http://www.pbs.org/newshour/bb/nation/jan-june14/povertysuburb_01-11.html
1/14/14
Congress just spent 1.1 trillion of our money. Who got what? And who won and who lost.
http://www.washingtonpost.com/blogs/the-fix/wp/2014/01/13/the-winners-and-losers-of-the-new-spending-bill/
http://www.politico.com/story/2014/01/whats-in-government-spending-bill-102142.html
1/15/14
http://www.kpfa.org/archive/id/99141
1/17/14
Net Neutrality Dead. That is bad news for you and me.
http://www.huffingtonpost.com/2014/01/17/net-neutrality-gone_n_4611477.html
1/26/13
Congress is the Wealthiest Congress in History?
http://www.nationofchange.org/congress-wealthy-wealthy-and-wealthy-1390747923
1/26/13
Poverty up in England 20% in three years?
http://www.sciencedaily.com/releases/2014/01/140124082610.htm
1/26/14
What are the effects of poverty-10 studies
http://www.sciencedaily.com/news/science_society/poverty_and_learning/
1/26/14
39 % of the unemployed, have been unemployed for more that six months.
http://www.sciencedaily.com/releases/2014/01/140122112616.htm
2/3/14
Wall Street Loots Public Pension Funds?
http://www.rollingstone.com/politics/news/looting-the-pension-funds-20130926
Understand there are 1.3 trillion dollars in unfunded pension in the US and you see the magnitude of the problem.
2/6/14
What does the CBO report really say about Obamacare, job killer or good news?
http://www.democracynow.org/2014/2/6/job_killer_how_media_spin_got
"Summarized Kessler: "Thus, some people might decide to work part-time, not full-time, in order to keep getting health-care subsidies. Thus, they are reducing their supply of labor to the market. Other people near retirement age might decide they no longer need to hold onto their job just because it provides health insurance, and they also leave the work force.
"Look at it this way: If someone says they decided to leave their job for personal reasons, most people would not say they 'lost' their jobs. They simply decided not to work," he said."
From:
http://www.deseretnews.com/article/865595684/CBO-report-Workers-may-reduce-hours-under-health-care-law.html
For sticklers: Here is an actual copy of the report.
http://www.cbo.gov/sites/default/files/cbofiles/attachments/45010-Outlook2014.pdf
The White House Response
http://www.politico.com/story/2014/02/cbo-report-white-house-103211.html
http://www.newsdaily.com/article/6bf223d6e657e36720acdc6bc185becd/fact-check-anti-obamacare-chorus-is-off-key
2/9/14
Has the Volker rule been passed and what does it mean for Wall Street?
What is the Volker Rule?
http://en.wikipedia.org/wiki/Volcker_Rule
http://www.bloomberg.com/news/2014-02-04/volcker-rule-unity-is-implementation-goal-of-interagency-group.html
http://economix.blogs.nytimes.com/2014/01/16/occupy-the-s-e-c-has-its-day/?_php=true &_type=blogs&_r=0
2/11/14
Which American Cities are Threatened wilth Bankruputcy?
http://www.pbs.org/newshour/bb/cities-financial-straights-weigh-bankruptcy/
http://www.pbs.org/newshour/updates/municipalities-declared-bankruptcy/
2/25/14
House GOP chair unveils new tax plan
http://thehill.com/blogs/on-the-money/domestic-taxes/199335-dave-camp-tax-reform-draft-long-overdue
4/9/14
How banks have made it impossible for you to sue thelm
http://www.marketwatch.com/story/suing-your-bank-prepare-to-pay-up-2014-04-09?reflink=MW_GoogleNews&google_editors_picks=true
4/7/14
The Sharing Economy: The Economy of the Future?
http://www.authorsden.com/visit/viewnews.asp?id=43047&authorid=121255
6/7/14
Volume Two
Record Settlement against BNP.
http://www.fool.com/investing/general/2014/06/06/the-largest-bank-settlement-might-not-belong-to-jp.aspx
6/10/14
Why the Dow at 17,000 is bad news
http://www.marketwatch.com/story/3-reasons-why-the-dow-doesnt-deserve-to-be-at-17000-2014-06-10?link=MW_story_popular
6/12/14
Who are the super rich and do they control world finances. Names and amounts?
First the money amounts:
-$1,280,000,000,000 - Most people are really surprised when they hear this number. Right now, there is only 1.28 trillion dollars worth of U.S. currency floating around out there.
-$17,555,165,805,212.27 - This is the size of the U.S. national debt. It has grown by more than 10 trillion dollars over the past ten years.
-$32,000,000,000,000 - This is the total amount of money that the global elite have stashed in offshore banks (that we know about).
-$48,611,684,000,000 - This is the total exposure that Goldman Sachs has to derivatives contracts.
-$59,398,590,000,000 - This is the total amount of debt (government, corporate, consumer, etc.) in the U.S. financial system. 40 years ago, this number was just a little bit above 2 trillion dollars.
-$70,088,625,000,000 - This is the total exposure that JPMorgan Chase has to derivatives contracts.
-$71,830,000,000,000 - This is the approximate size of the GDP of the entire world.
-$75,000,000,000,000 - This is approximately the total exposure that German banking giant Deutsche Bank has to derivatives contracts.
-$100,000,000,000,000 - This is the total amount of government debt in the entire world. This amount has grown by $30 trillion just since mid-2007.
-$223,300,000,000,000 - This is the approximate size of the total amount of debt in the entire world.
-$236,637,271,000,000 - According to the U.S. government, this is the total exposure that the top 25 banks in the United States have to derivatives contracts. But those banks only have total assets of about 9.4 trillion dollars combined. In other words, the exposure of our largest banks to derivatives outweighs their total assets by a ratio of about 25 to 1.
-$710,000,000,000,000 to $1,500,000,000,000,000 - The estimates of the total notional value of all global derivatives contracts generally fall within this range. At the high end of the range, the ratio of derivatives exposure to global GDP is about 21 to 1.
Most people tend to assume that the "authorities" have fixed whatever caused the financial world to almost end back in 2008, but that is not the case at all.
In fact, the total amount of government debt around the globe has grown by about 40 percent since then, and the "too big to fail banks" have collectively gotten 37 percent larger since then.
From:
http://theeconomiccollapseblog.com/archives/12-numbers-about-the-global-financial-ponzi-scheme-that-should-be-burned-into-your-brain
See also:
https://www.youtube.com/watch?v=4WRtX60uR_A&feature=player_detailpage&list=FLBIwq18tUFrujiPd3HLPaGw
7/18/14
How states have trillions of dollars sitting on wall street earning just 1 percent in interest in each of the last ten years. What can be done?
Trillions in tax payer $ sitting in accounts we get less than 1 percent interest. Get that money back.
How trillions in taxpayer $ is virtually being given to wall street for little or no interest.Time for a public bank.
8/21/14
How the financial games has been played in the last 15 years. A must see.
http://rt.com/shows/keiser-report/
The Fracking Bubble
641
https://www.youtube.com/watch?feature=player_detailpage&v=oLWGHRWzCaY
642
http://www.youtube.com/watch?v=wpJNeAxI16c&list=PLPszygYHA9K1GpAv3ZKpNFoEvKaY2QFH_&feature=player_detailpage
8/23/14
Bitcoin vs. Wall Street
rt.com/shows/keiser-report/182304-episode-max-keiser/http://rt.com/shows/keiser-report/182304-episode-max-keiser/
9/7/14
History of the Banking System
http://www.youtube.com/watch?feature=player_detailpage&v=cOZ2l6UNY34
Wall Street To Back-Hand Municipilities
"The first major hit to US municipal bonds occurred with the downgrade of two major monoline insurers in January 2008. The fault was with the insurers, but the taxpayers footed the bill. The downgrade signaled a simultaneous downgrade of bonds from over 100,000 municipalities and institutions, totaling more than $500 billion. The Fed’s latest rule change could be the final nail in the municipal bond coffin, another misguided move by regulators that not only does not hit its mark but results in serious collateral damage to local governments – maybe serious enough to finally propel them into bankruptcy."
From:
http://www.truth-out.org/news/item/26056-preparing-to-asset-strip-local-government-the-feds-bizarre-new-rules
10/27/14
Bankers Suicides?
http://www.youtube.com/watch?v=goxO-_VnfJ4
http://www.youtube.com/watch?v=R7kpBchNSow&feature=youtu.be
http://www.youtube.com/watch?v=HZyW0lvoee0
http://www.youtube.com/watch?v=uUKWfETSsIY
http://www.youtube.com/watch?v=R7kpBchNSow&feature=youtu.be
