Feds Bailout of Europe

As the author notes: "No matter the legalistic interpretation, the Fed is, working through the ECB, bailing out European banks and, indirectly, spendthrift European governments." The point to posting this? We are systematically collecting all the world's financial problems, deferring them, but rolling them into one big climactic Dollar crisis. This is a wealth transfer from ordinary Americans and others who hold dollar denominated financial assets, to bankrupt banks (or banksters), and governments in Europe.
Gerald P. O'Driscoll Jr: The Fed's covert bailout of Europe | Gold Anti-Trust Action Committee:: www.gata.org/node/10825
http://chumly.com/n/efe6d6

More on Military Detention for Civilians

Our Idaho Senators voted for the NDAA, from what I have been told. I e-mailed them for an explanation and got none. I guess being the lesser of two evils is good enough for establishment Republicans in Idaho. I hope this recall in Montana succeeds.
EconomicPolicyJournal.com: Montanans Launch Recall of Senators Who Approved NDAA Military Detention:: www.economicpolicyjournal.com/2011/12/montanans-la....html
http://chumly.com/n/efb8f9

Dollar Losing Trade Currency Status

This is a move which will undoubtedly decrease international demand for the Dollar, causing it to weaken. With the world's second and third largest economies abandoning it, we will feel the impact of this. How would America do if it were no longer subsidized by its trading partners? If it had to give as much as it got in trade, and could no longer just increase its largest export--debt?
China, Japan to Back Direct Trade of Currencies - Bloomberg:: www.bloomberg.com/news/2011-12-25/china-japan-to-p....html
http://chumly.com/n/ef834f

European Central Bank's Stealth QE

The author notes: "A bank can now borrow from the ECB at 1% per year for 3 years, invest in a 3-year Italian bond paying 6% plus, and pocket 5% each year in pure profit." This is why the banking industry can show record profits even while making virtually no economy stimulating loans. This is a fraud that creates no legitimate economic growth in the long run, but can create a flush in the short run. Its real accomplishment when all is said and done will be to extend irresponsible and even criminal behavior by governments and banks for a little longer. It will drain what life is left in the economies involved to keep unsustainable and irresponsible government programs afloat for a little longer. This, in all likelihood, is what our own central bank is doing here in the US.
How Gold, Silver And Platinum Will Respond To ECB's Money Printing - Seeking Alpha:: seekingalpha.com/article/315636-how-gold-silver-an...nting
http://chumly.com/n/edec70

NAR Inflated Housing Market Numbers

Here is the proof of manipulation in the housing reports. Government reports on employment and the economy are manipulated to shape the perception of the public as well. We have experienced steady deterioration in all the meaningful economic fundamentals for at least ten years. It is time to admit that our biggest threat to survival is our own government entities as they lie, steal, manipulate markets, line the pockets of those in power in DC and Wall Street, and bring us all the while toward financial climax. Why is it governments always sell themselves as "Robin Hoods" but turn out to be "Prince Johns"?
US Housing Market Was Artificially Inflated By 14% In 2007-2010 NAR Reports | ZeroHedge:: www.zerohedge.com/news/us-housing-market-was-artif...ports
http://chumly.com/n/ed89b8

Comprehensive Overview of Our Financial/Political State

This financial publisher takes an issue of his newsletter to summarize the fraying of western civilization, our government and way of life here in America. He is one of the best in the industry. Read it carefully.
The Corruption of America:: www.stansberryresearch.com/pub/reports/201112PSI_i....html
http://chumly.com/n/ed2513

Ron Paul Predicts More Bailouts

The US saving the Euro is cabling two sinking ships together, it just makes it harder for the passengers to get lifeboats launched.
Beware the Coming Bailouts of Europe | Ron Paul | www.safehaven.com:: www.safehaven.com/article/23715/beware-the-coming-...urope
http://chumly.com/n/ecc626

Former Heads of Fannie and Freddie in Trouble

But what of Newt? Wasn't he there promoter at the congressional level? Either he is a financial incompetent or he is incredibly corrupt. Either way he typifies what is destroying us. What scares me more than the radical changes of Obama is the gradual socialism that progressives in the Republican party represent. Obama scares America, waking it up, the soft socialists put it back into a sleep it may never wake up from.
Ex-heads of Fannie and Freddie sued by US regulator over sub-prime exposure - Telegraph:: www.telegraph.co.uk/finance/financial-crime/896159....html
http://chumly.com/n/ebc22f

Australia Taking Euro Crisis Seriously

The systemic threat caused by collapsing debt/currencies is not lost on every country out there.
Australian Banks Given One Week To Prepare For European "Meltdown" | ZeroHedge:: www.zerohedge.com/news/australian-banks-given-one-...tdown
http://chumly.com/n/eb9d7d

More Housing Pain

Houses are the middle class' most significant store of wealth. This is also more deterioration in bank balance sheets, just as the financial system is going to be stressed by the Euro's trouble. This multi-year debt crisis won't go away, and the solution is not more of the same, and yet we are lending to Europe through the IMF, we who have no equity ourselves.
New Foreclosure Wave is Coming - US Business News - CNBC:: www.cnbc.com/id/45682960
http://chumly.com/n/eb6c94

More Government Swat Teams

we have never had so many different groups of armed government code enforcement officials harassing poor and powerless Americans. Raw dairies being put out of business, Amish farmers prosecuted, now poor desert dwellers systematically harassed. Anyone who thinks that the personal rights of life, liberty and property are anything but the ghosts of Christmases past needs to wake up. The collective holds all the rights.
Is living off the Grid now a crime?:: offgridsurvival.com/livingoffthegridcrime
http://chumly.com/n/eabe91

Preparations for a Police State

With the Euro collapsing, and the contagion headed our way through the international banking system, it is chilling to observe our government preparing for martial law with this legislation. As the author notes, speaking of Nazism: "But do they (Americans) have any idea of how closely they are following the Germans in what led to it?"
"Journal Inquirer > Archives > Chris Powell > Suspend habeas corpus and enact martial law?:: www.journalinquirer.com/articles/2011/12/12/chris_...2.txt
http://chumly.com/n/e9c450

Gingrinch No Stocking Stuffer

Rand Paul does a great job exposing Newt as one who stuffs his own stocking at the expense of the taxpayers.
Rand Paul: Republicans would take a giant step backward by choosing Gingrich | The Des Moines Register | www.desmoinesregister.com:: www.desmoinesregister.com/apps/pbcs.dll/article?AI...id=54
http://chumly.com/n/e929e4

More on Insider Trading Thanks to Paulson

when DC feeds insider information to select and powerful players on Wall Street, you don't have a free market. It is instead how socialism works, and while the left accuses capitalism of greed, there is nothing greedy like socialism. As the author observes: "Whatever games are being played between Washington and Wall Street must stop, or the American capital markets will cease functioning."
The fix was in: a scoop confirmed - www.nypost.com:: www.nypost.com/p/news/business/fix_was_in_bloomber...tAbtJ
http://chumly.com/n/e89357

Mountains of Debt Worldwide Supported By Nothing

This article talks of the layers of debt and derivatives all built on a base of fiat currency, itself nothing.
Why The UK Trail Of The MF Global Collapse May Have "Apocalyptic" Consequences For The Eurozone, Canadian Banks, Jefferies And Everyone Else | ZeroHedge:: www.zerohedge.com/news/why-uk-trail-mf-global-coll...jeffe
http://chumly.com/n/e81651

Banking System on Verge of Collapse

I can't say it any better: "History has shown that over-indebted countries always destroy their currency."
My Blog:: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entri....html
http://chumly.com/n/e81618

Run on French Banks

Let's see, to fix these banks, suffering from bad sovereign debt, we need a maze of leveraged "rescue facilities" financed by over leveraged sovereigns.
Bank of France debts jump tenfold on capital flight - Telegraph:: www.telegraph.co.uk/finance/financialcrisis/893914....html
http://chumly.com/n/e8160a

Article From Canada on Our Financial Endgame

This article warns its readers that the US and Europe will destroy their currencies and suggests some ways Canadians should protect themselves from it. It speaks of the hidden tax of QE and warns of inflation. What should be understood is that inflating the money supply does not always immediately lead to price inflation, and price inflation shows up inconsistently in the markets. It can show up in a stock market bubble, or a housing bubble, which eventually burst and provide pain in bug shots without any of what most people call "inflation". I don't think that the coming inflation will be so subtle.
We’ve been down this path before:: www.vancouversun.com/news/been down this path before/5798026/story.html
http://chumly.com/n/e7abe7

Euro Crisis Grinds On

The several year old debt crisis is getting harder to ignore. It is working its way up the system. Those invested in the system will not let it fail, so are going all in. At the top is the Dollar, itself hopelessly buried in debt, but still trying to rescue its comrade, the Euro. When they go, they go together, then what happens to commerce? When commerce goes, what happens to people? Will they turn toward freedom, or will they place their hope in the source of the problems destroying us--their own corrupt, lawless government?
We've Just Witnessed A Major Turning Point In The Euro Crisis:: www.businessinsider.com/sps-downgrade-watch-euro-r...11-12
http://chumly.com/n/e74384

Police State

It looks like it is more important than ever to get constitution-minded county sheriffs in office. Why does it feel like the Federal mob is recruiting?
The Pentagon Is Offering Free Military Hardware To Every Police Department In The US:: www.businessinsider.com/program-1033-military-equi...11-12
http://chumly.com/n/e74325

Why a Christian Should Never Vote for a Property Tax Increase

It is not surprising at all that as we Americans have abandoned our Christian cultural roots we have lost the understanding of the great individual rights to life, liberty, and property which necessarily flow from the Christian moral law. These rights which are all over our founding documents and state constitutions were fundamental to our political system as designed. If the Natural Law does exist, it exists for all time, in all of creation, and over all people; and these same rights are critical to maintaining a just system and all the blessings that come from it. I think it was John Adams that said, the right to property meant that no man could lose his property except by his own act or fault. The individual held his/her own property rights exclusively and was (and is) accountable to God for his stewardship. In our day, property taxes stand opposed to this fundamental right and we have instead transitioned to a collectivist view of rights. Today society can, with a majority or super majority vote, effectively take some of your property through property taxes. How did the neighborhood get this right to your property? An ownership interest is clearly assumed in the process, since the collective has some (or if you fail to pay, all) rights to your property. This collectivist view of property rights is contrary to the Natural Law and is simply collective theft. The bible condemns going along with a mob and violating justice, so clearly a majority deciding something is right does not make it so. When we, as Christians, vote in support of a property tax increase, we are part of a collective theft. If you want to support a school give them your own property, not your neighbors.

The left sells property tax as a collection method claiming it a just system, but the opposite is true. Property taxes impact the poor far more than the rich. The tax affects the cost of the essential basics of shelter and food. While a primary residence usually has some exemption, rentals do not, and the owners necessarily pass those costs on to those who rent, who are usually the poor. While farm ground has some exemptions, any tax on it is passed on as more expensive food, another essential.

Property taxes are brutal. While the IRS isn’t allowed to touch many of your assets, the local county can kick you out of your house and off your land if you are too poor to pay the debt that others have collectively assigned to it. You can be debt free in every other respect, and still held liable for something you never agreed to. This is critical to understand, since when the chronic economic trouble we are in intensifies, our incomes could go to zero, our asset values could crater, but the debt we owe would tend to maintain its size or grow. When our neighbors begin to lose their houses and land to this collective evil, where will you stand?

The system is great at cover up, as well. Since most people pay their property taxes as part of their mortgage, we will never know how many ended up losing their homes because of the added cost of the tax portion of those payments.

When a government, a system, a majority, or a mob begins depriving people of one of life’s essentials, it has crossed a line very close to murder. If we lend support through silence and inaction, we become passive participants to the theft, and He who judges the hearts and souls of men will see it (Proverbs 24:11-12).

While our founding documents contain a philosophy of government that reflects Christian assumptions, we have in practice transitioned to a socialist form of government. We are not becoming socialist. We have instead long been socialist. A socialist state matures into bankruptcy. We are bankrupt. If we had been faithful to the political philosophy found in the Declaration of Independence, the state would not have the power to bankrupt us. To see what we now have instead, look up the ten planks of communism and see how many we have. The assumption behind property tax is that the collective holds an ownership interest in your property. The question we should ask ourselves is, where are the limits to this collectivism? Can the collective claim the food you have set aside for emergency if it decides you have too much? Would a vote make that ok too? As it stands now, the collective will claim your property if you lose your job and can’t pay your taxes, and that already is evil. These questions become all the more important as we see the government taking us implacably toward a fiscal crisis of historically unprecedented proportions.
http://chumly.com/n/e742eb

"Good" Unemployment Report Taken Apart

As I have said before, "the private sector job market is the economy". The charts in this very short article do not show an improving jobs picture. The details always matter, and these days government reports are designed to manipulate, not inform.
Key Charts From The NFP Report: Records In Jobless Duration And People Who Want A Job As Civilian Labor Force Plunges | ZeroHedge:: www.zerohedge.com/news/key-charts-nfp-report-recor...e-plu
http://chumly.com/n/e69d5f

More on Government/Sachs Insider Dealing

By now it is obvious that government action moves today's markets more than anything else. With the information that bureaucrats like Paulson give to the unethical firms like Goldman, JP Morgan, etc. they can't help but make a killing. But it is the middle class that gets killed. Don't blame free markets for this crap. This fits hand in glove with the insider trading by our elected representatives. No one with close connections to DC loses. Not the politicians, nor the "capitalists" that reject the moral restraints which created free market capitalism in the first place.
Hank Paulson’s inside jobs | Felix Salmon:: blogs.reuters.com/felix-salmon/2011/11/29/hank-pau...-jobs
http://chumly.com/n/e6919c

Ron Paul on the Euro Bailout

Ron Paul get it when it come to economics, and it shows in this interview.
Ron Paul on the Laura Ingraham Show 12/01/2011 - YouTube::


http://chumly.com/n/e68df5

Not Enough Money

Fractional reserve banking systems create many times more debt than money. As this article points out there is simply not enough money in the system to pay the debt, let alone fund the exponential growth that is required to keep the fraud going. But don't worry, more will be created.
My Blog:: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entri....html
http://chumly.com/n/e6660b

Explanation of Swap Lines

Short article and not too complex.
How Does Europe Borrow Dollars From the Fed? - US Bussiness New Blog - CNBC:: www.cnbc.com/id/45492655
http://chumly.com/n/e66609

More on Bailing Out Europe

This is a short piece. With our politicians in charge, we are like a drunk lurching toward the financial cliff, but with each bailout, round of QE, and debt sale climbing higher on that cliff and collecting more boulders at the bottom.
My Blog:: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entri....html
http://chumly.com/n/e601d5

Ron Paul Gets It

With the Fed now bailing out the world, at least one politician gets it. Since there is no such thing as a free lunch, who is really paying? The answer is all those that hold dollar based financial instruments. The Fed is taking from all of us to save its corrupt fiat currency system. This is life or death for big governments and the central banks they pretend to hold at arm's length. This will get a whole lot worse. Every country involved has mountains of debt, itself a derivative of a fiat currency, itself nothing.
Ron Paul Statement On The Fed's Bailout Of Europe | ZeroHedge:: www.zerohedge.com/news/ron-paul-statement-feds-bai...urope
http://chumly.com/n/e5f45c

Fed Saves Euro

With the private sector investors running from the Euro, our central bankers take the decision out of our hands. Go ahead and pretend that they are private bankers. It is true of the profits. But the Fed is, in reality, an unaccountable branch created by our government so the unelectable could to the indefensible.
Fed saves Europe's banks as ECB stands pat - Telegraph:: www.telegraph.co.uk/finance/financialcrisis/892698....html
http://chumly.com/n/e5f45b