Adam Kokesh: Open Letter To James Dobson
May/100
http://www.kokeshforcongress.com/posts/open-letter-james-dobson
Dear Mr. Dobson,
I am writing to thank you for your educational work and long record of supporting public morals. As someone who has regularly counseled millions for years, you have directly impacted many lives in a positive fashion. I commend this spirit, especially in contrast to politicians who use our money in charitable, but self-serving ways.
Rolling Stone Article on the Fed Empowerment Act Sellout
May/100
Discusses the audit sell out somewhat but gives Sanders altogether too much credit, in my book….
by Matt Taibbi | Rolling Stone
It’s early May in Washington, and something very weird is in the air. As Chris Dodd, Harry Reid and the rest of the compulsive dealmakers in the Senate barrel toward the finish line of the Restoring American Financial Stability Act – the massive, year-in-the-making effort to clean up the Wall Street crime swamp – word starts to spread on Capitol Hill that somebody forgot to kill the important reforms in the bill. As of the first week in May, the legislation still contains aggressive measures that could cost once-
indomitable behemoths like Goldman Sachs and JP Morgan Chase tens of billions of dollars. Somehow, the bill has escaped the usual Senate-whorehouse orgy of mutual back-scratching, fine-print compromises and freeway-wide loopholes that screw any chance of meaningful change.
The real shocker is a thing known among Senate insiders as “716.” This section of an amendment would force America’s banking giants to either forgo their access to the public teat they receive through the Federal Reserve’s discount window, or give up the insanely risky, casino-style bets they’ve been making on derivatives. That means no more pawning off predatory interest-rate swaps on suckers in Greece, no more gathering balls of subprime shit into incomprehensible debt deals, no more getting idiot bookies like AIG to wrap the crappy mortgages in phony insurance. In short, 716 would take a chain saw to one of Wall Street’s most lucrative profit centers: Five of America’s biggest banks (Goldman, JP Morgan, Bank of America, Morgan Stanley and Citigroup) raked in some $30 billion in over-the-counter derivatives last year. By some estimates, more than half of JP Morgan’s trading revenue between 2006 and 2008 came from such derivatives. If 716 goes through, it would be a veritable Hiroshima to the era of greed.
Obama Promised Yet Still They Die
May/100
http://www.libertypoet.com/endthewars/obamapromised/
This is a great anti-war video please pass to others.
Felix Zulauf on King World News: Deflaton; Hyperinflation; Currency Reform
May/100
Felix Zulauf has been a Barron’s Roundtable panelist member for over 2 decades. Investors have only read about Felix in Barron’s because he simply does not give interviews outside of Barron’s. This is another tremendous exclusive from King World News that takes a grave peek into the future for the global economy.
Industrial economies simply have too much debt outstanding relative to their economies. They have to borrow more & more to pay their interest; its a Ponzi scheme. There simply isn’t enough economic growth to service the outstanding debts, which inevitably will lead to collapse. Following the collapse, global central banks will crank up the presses in a vain attempt to save the system, destroying the currency.
Listen Here: Felix Zulauf on King World News