Developing Economies Fight Anglo Inflation

Every time the US or EU or Chinese or UK central bank reduces the interest rate, they are purportedly trying to stimulate the economy.  Instead they are giving nearly interest free loans to banks so they can stay afloat.  Meanwhile those banks are NOT lending that money back out to consumers and businesses.  They are counting it as deposits which improves their reserve ratios, AND they are betting on every kind of security, asset, and gambling opportunity they can find, in order to maintain the appearance of legitimate enterprise and capitalism.

Here is an example of Brazil fighting inflation June 8, 2011:

Policymakers voted unanimously to raise the so-called Selic rate to 12.25 percent from 12 percent, a move all 21 economists in a Reuters survey expected.
In a statement that was nearly identical to that of its April rate hike, the bank said it had weighed risks to inflation and the still uncertain signs as to what extent Brazil's economic boom is slowing.
The bank said that, as a result, it believed that the "most adequate strategy" to bring inflation back down to the center of its target range next year was tight monetary policy "for a sufficiently prolonged period."
Keeping that phrase "makes it understood that the central bank is really going after the inflation target, at least in 2012, and that we can expect another rate hike in July," said Clodoir Vieira, the chief economist at the Souza Barros brokerage.
While monthly inflation is slowing after a surge on higher commodity prices and strong demand, 12-month inflation remains above the upper limit of the government's target, reaching 6.55 percent in May.
Central Bank President Alexandre Tombini has said the bank's policymakers are committed to ending the year with inflation as close as possible to the government target of 4.5 percent, plus or minus two percentage points.
Strong inflation puts Brazil among a group of powerhouse emerging markets, such as China and India, that are raising interest rates to try to control the price pressures that come with brisk growth.
In contrast, many developed markets, including the United States, find themselves trying to boost anemic growth by keeping interest rates ultra-low.

Federal Government Stimulates the Boom Bust Cycle

See how this boom and bust cycle chart shows the intensity of the boom and bust?

You've Seen It Before, And Here It Is Again: "The Chart That Tears Apart The Stimulus Package"

Submitted by Tyler Durden on 07/06/2012 18:00 -0400

• Barack Obama
 
• Great Depression
 
• Russell 2000
 
• Unemployment

Over a year ago we penned "QE 2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was  A Complete Failure As Well", because, well, QE2 was a disaster, which is important to remember as we are about to set off on the NEW QE as per Hilsenrath, because apparently creating 80,000 jobs per month (with the S&P a whopping 5% off multi-year highs) "Leaves Door For Fed Wide Open" even though the Fed has shown beyond a shadow of a doubt it is incapable of creating jobs and at best can ramp the Russell 2000 for a few months. But more importantly, a year later it is obvious that the ARRA just kept on being wronger and wronger with each passing month, until we get to today. We will spare readers our conclusion about ARRA architect Christina Romer's (long gone from the administration for obvious reasons) predictive powers, suffice it to say they are on par with those of the Fed itself. Simon Black, using AEI data, reminds us how the ARRA chart looks, one year later.

The graph that tears appart the stimulus package

After Obama was elected, one of his first initiatives was to enact a massive stimulus package in order to reduce the rising unemployment after the housing collapse and bailout all the failing banks. When promoting his plan, the President offered many promises about the success of his idea but very few have so far come to fruition. Below is a graph that was supposed to estimate the effects of the stimulus, however as you can see, it far from achieved the President’s goals.

AEI reports on the ineffectiveness of the program:

This was not the employment report either the American worker or the Obama campaign wanted to see right now. The Labor Department said the U.S. economy created just 80,000 jobs in June, less than the 90,000 economists had been forecasting. And private-sector job growth was just 84,000, down sharply from 105,000 in May. Not doing fine.

The unemployment rate stayed at a lofty 8.2%.

This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.

– If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today—the U-3 unemployment rate would be 10.9%. Even if you take into account that the LFP should be declining as America ages,theunemployment rate would be 10.5%.

– The broader U-6 unemployment rate, which includes “all persons marginally attached to the labor force, plus total employed part time for economic reasons,”  is 14.9%, up a bit from May.

– The average duration of unemployment ticked up to 39.9 weeks.

Continue to the full article…

Denmark - Engaged in the Global Currency War

Recently several banks around the world are fighting inflation in their own country caused by money printing by the Anglo Central Banks.

Danish central bank cuts deposit rates to below zero for first time in history
Andrew Moran, International Politics Examiner 

Copenhagen - The certificate of deposit rate was cut by a quarter by the Danish central bank that will now yield negative 0.2 percent. The central bank argues that the Danish economy is quite strong and investors are willing to pay the Danish government one-fifth of a percentage point for the nation to hold their money.
Furthermore, the central bank also slashed its lending rate from 0.45 percent to 0.20 percent. The policy still maintains a charge on its loans, but the number is substantially low.

Yes, you read that correctly - negative interest rates (also referred to as Negtative Interest Rate Policy {#NIRP}.  The government of Denmark is paying people to take their bonds to keep their economy going.

Anglo Central Banks Creating Inflation in a Global Currency War

For those of you familiar with the New World Order, read the post below.  If you are not familiar with the concept, start doing your research.  It will take you a while to put the pieces together.  Start with George Bush Sr's NWO speech on YouTube and then watch "The Invisible Empire".  

The New World Order has many different facets.  This particular post will look at the coordinated global central banks moves to "save the economy".  What the central banks really do is print money, lend it to their cartel buddies, and suck the life out of economies, like a vampire squid sucking the tit of the earth.

The following post came in on Mike Shedlock's global financial analysis blog.

Global Uncoordinated Panic; ECB Cuts Rates to Record Low, Deposit Rate to Zero; Bond Market Response Was "Not Enough"; Words "Heightened Uncertainty" Explained

Global Uncoordinated Panic

In a 45-Minute Salvo today, the ECB cuts rates to a record low 0.75 percent and reduced the deposit rate to zero. Meanwhile, the People’s Bank of China cut their benchmark borrowing costs (the second time in a month), and the Bank of England raised the size of its asset-purchase program.
Also note the central banks of Australia, the Czech Republic, Kazakhstan, Vietnam and Israel cut rates in June, while the Swiss National Bank is buying euros to defend its franc ceiling.
ECB president Mario Draghi said these events were not global coordinated easing.
I am willing to take him for his word. Thus, it's safe to assume that what has transpired was more akin to global uncoordinated panic.

Fed Uncertainty Principle
Now would be a good time to review the Fed Uncertainty Principle, especially corollaries one and two. 

Corollary Number One:The Fed has no idea where interest rates should be. Only a free market does. The Fed will be disingenuous about what it knows (nothing of use) and doesn't know (much more than it wants to admit), particularly in times of economic stress.

Corollary Number Two:The government/quasi-government body most responsible for creating this mess (the Fed), will attempt a big power grab, purportedly to fix whatever problems it creates. The bigger the mess it creates, the more power it will attempt to grab. Over time this leads to dangerously concentrated power into the hands of those who have already proven they do not know what they are doing.
What I said about the Fed apples to central banks in general.

So this particular post from Mish talks about the ECB, the Federal Reserve, and a few other market where central banks turned on the spicket.  Before you go any further, you should recognize that outside of the EU, the UK, and USA, most central banks are increasing interest rates to tame inflation.  That inflation is created by the Anglo Central Banks (EU, UK, ECB) lending more money into the system.  It is quite confusing and will take several months of serious effort to understand.  For the purposes of this article, just understand that most central banks around the world are RESPONDING to  a currency war that has been CREATED by the Anglo Central Banks.  It is also important to note that the Anglo Central Banks are owned by mostly the same people or institutions, and have been for generations.  Yes, I am talking about oligarchs, aristocrats, the 1%, the mega wealthy and elite that control 80% or more of the resources and wealth on this planet.

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What is the Tipping Point for The Revolution? Is it the Exact Opposite of the Tipping Point Towards War and Fascism?

Geopolitix - Connecting Some Dots

Ok, this has got to be at least a little eye opening for at least a few zombie weenies that still think Obama is a great guy and that the Federal Reserve bank is here to help you.

This week may very well go down as ‘connect the dots’ week. Submitted to Zerohedge.com by Simon Black of Sovereign Man Blog,

Things have been moving so quickly, so let’s step back briefly and review the big picture from the week’s events:

1) After weeks… months… even years of posturing and denial, Spain and Cyprus became the fourth and fifth countries to formally request aid from Europe’s bailout funds on Monday.

In doing so, these governments have officially confessed to their own insolvency and the insolvency of their respective banking systems.

Meanwhile, Slovenia’s prime minister said that his country may soon ask for a bailout. (Humorously, Slovenia’s Finance Minister denied any such plans.)

Spain’s 10-year bond yield jumped to over 7% again in response, and many Spanish banks were downgraded to junk status by Moodys.

2) Over in the US, the city of Stockton, California filed for bankruptcy this week… the largest so far, but certainly a mere drop in the proverbial bucket.

3) JP Morgan, considered to be among the few ‘good’ banks remaining in the US, conceded that the $2 billion loss they announced several weeks ago might actually be more like $9 billion.

4) The Federal Reserve reported yesterday that foreigners are reducing their holdings of US Treasuries.

5) Countries from Ukraine to Kazakstan to Turkey announced that they have purchased gold in recent months to bolster their growing reserves.

6) Chile has joined a growing list of countries that has agreed to bypass the US dollar and settle all of its trade with China in renminbi.

7) China has further announced plans to create a special zone in Shenzhen, one of its wealthiest cities, to allow full exchange and convertibility of the renminbi.

8) World banking regulators from the Bank of International Settlements to the FDIC are proposing that gold bullion be treated as a risk-free cash equivalent by commercial banks.

My additions:


Brent Futures Spiked to Settle Near $98 on EU Deal, Published: Friday, 29 Jun 2012 on Reuters

"Brent crude futures jumped more than 7 percent on Friday, the biggest one-day percentage gain since April 2, 2009, after European leaders acted to aid troubled euro zone banks and preserve the single currency."

And yet, on the same day we learn:


Iran Oil Embargo Goes Into Effect: Crude Up 8% on Zerohedge on 06/29/2012 

Following a 3-sigma fall yesterday, WTI crude has rebounded exuberantly amid the European ecstacy and the Iran Oil Embargo. Up almost 9% from late yesterday's lows (a 6-sigma jump), it appears yet another squeeze is in play (perhaps from demand-pull on the back of Hillary's unyielding national policy - oh yeah apart from China and Singapore). While the WSJ notes: "There's no material price premium from the Iran issue", it seems the potential for an epic short-squeeze - as Iran's largest importer of Oil (cough China cough) is now exempt (and continuing to hoard) leaving refiners potentially tight on supply - as macro tail-risk is seemingly removed from the downside by the 'nothing' summit we just experienced.

Previously we learned


SocGen Lays It Out: "EU Iran Embargo: Brent $125-150. Straits Of Hormuz Shut: $150-200"

Previously we heard Pimco's thoughts on the matter of an Iranian escalation with "Pimco's 4 "Iran Invasion" Oil Price Scenarios: From $140 To "Doomsday"", now it is the turn of SocGen's Michael Wittner to take a more nuanced approach adapting to the times, with an analysis of what happens under two scenarios - 1) a full blown EU embargo (which contrary to what some may think is coming far sooner than generally expected), and the logical aftermath: 2) a complete closure of the Straits. The forecast is as follows: 1) "Scenario 1: EU enacts a full ban on 0.6 Mb/d of imports of Iranian crude. In this scenario, we would expect Brent crude prices to surge into the $125-150 range." 2) "Scenario 2: Iran shuts down the Straits of Hormuz, disrupting 15 Mb/d of crude flows. In this scenario, we would expect Brent prices to spike into the $150-200 range for a limited time period." The consequences of even just scenario 1 is rather dramatic: while the adverse impact on the US economy will be substantial, it would be the debt-funded wealth transfer out of Europe into Saudi Arabia that would be the most notable aftermath. And if there is one thing an already austere Europe will be crippled by, is the price of a gallon of gas entering the double digits. And then there are the considerations of who benefits from an Iranian supply deterioration: because Europe's loss is someone else's gain. And with 1.5 million of the 2.4 Mb/d in output already going to Asia (China, India, Japan and South Korea) it is pretty clear that China will be more than glad to take away all the production that Europe decides it does not need (which would amount to just 0.8 Mb/d anyway).

Just 9 days ago we learned that the Fed was going to print again:


Fed Expands Operation Twist By $267 Billion Through 2012 on Bloomberg - Jun 20, 2012



The Federal Reserve will expand its Operation Twist program to extend the maturities of assets on its balance sheet and said it stands ready to take further action to put unemployed Americans back to work.
 
Policy makers led by Chairman Ben S. Bernanke are taking steps to shore up the world’s largest economy as faltering growth leaves it vulnerable to fallout from the European debt crisis and looming fiscal tightening in the U.S. Photographer: Andrew Harrer/Bloomberg

Ben S. Bernanke, chairman of the Federal Reserve, at a Joint Economic Committee hearing in Washington. Photographer: Andrew Harrer/Bloomberg
The central bank will prolong the program through the end of the year, selling $267 billion of shorter-term securities and buying the same amount of longer-term debt in a bid to reduce borrowing costs and spur the economy.



So, in summary, what we can see from the last 2 week’s events is:

• Tightening Oil Supply increases prices and negatively affects already stretched economies
• European governments are insolvent
• European banks are insolvent
• US governments are heading in that direction
• Even the best US banks are not as strong as believed
• Foreigners are abandoning the US dollar and seeking alternatives
• Gold is money

These events are all connected, and the trend is becoming so clear that even the most casual observers are starting to wake up.

When you connect the dots, the next steps lead to what may soon be regarded as an obvious conclusion: the system, as it exists right now, is crumbling.

No amount of self-delusion can make this go away.

Rational thinking and measured action, on the other hand, can make the consequences go away… turning people from victims into spectators of the greatest bubble burst in modern times.

Bank Runs, Bank Holidays, and Other Financial Stall Tactics

Bank Holidays Disguised as Computer Glitches in the UK.

NatWest glitch goes on: Bank to open on Sunday as millions of customers are still unable to get access to money

• NatWest have resolved the 'underlying problem'
• They are opening banks on Sunday and they will stay open until 7pm tonight
• Problems are expected to continue into NEXT WEEK as they deal with the backlog of payments
• House buyers unable to complete purchases because of glitch
• Customers STILL reporting that salaries are not being paid in and payments are not being made
• Up to 12MILLION customers are being affected by the problem
• NatWest say the problem was NOT caused by hacking
• Banks under obligation to put customer in the position they would have been if the problem had not happened

Read more: http://www.dailymail.co.uk/news/article-2162630/NatWest-problems-Online-banking-glitch-goes-affecting-millions-customers.html#ixzz1yXkpGy4Z

IRS Stalls Tax Refunds with System Upgrade Project

Federal tax refunds delayed by IRS system upgrade

Some people who filed their 2011 tax returns electronically between Jan. 17 and 25 will get their federal tax refunds about a week later than initial projections because of an Internal Revenue Service computer-system upgrade.

In a statement, the IRS said the delay “relates to fine-tuning IRS systems to adjust for new safeguards put in place this tax season to provide stronger protection against refund fraud.”

Tax preparers tell me they were originally notified the refund delay would only affect people who filed electronically on Jan. 17 or 18 and chose to have a refund deposited into a bank account.

But news reports quoted IRS officials saying the problem affected returns e-filed before Jan. 26. IRS spokesman Jesse Weller would only say that “Taxpayers who file on or after January 26 should not experience a delay.”

One tax preparer said her clients who filed Jan. 17 (the first day the IRS accepted e-filed returns) were originally told to expect a refund Jan. 25. Now they are being told it should come Feb. 8.
She notes that many people who file their returns on the earliest dates possible have simple returns and are desperate for their refund.

The IRS would not say how many returns filed before Jan. 26 will be affected. It said, “When the IRS announced the opening of the 2012 filing season, it advised taxpayers who electronically file and select direct deposit that they could see their refunds in as few as 10 days and 90 percent of refunds are provided within 21 days. Some taxpayers are getting refunds much faster, but at this time taxpayers should expect refunds to be issued as indicated in the original IRS guidelines.”

It also apologized “for any inconvenience caused by the revised refund dates.”

Taxpayers can track the status of their refund here.

Bank Runs in Greece Resemble 1929 Black Thursday

Police Urging Greeks To Stop Stuffing Mattresses

We have spent a considerable amount of time in the last week or two explaining just why depositor withdrawals (or bank runs) are the death knell for the Euro experiment. We first described the 'run on banks and governments' on the basis of the potential for overnight loss of 'fungibility'back in December but the escalation last week in Greece (and the contagion to Spain's Bankia) signals things are shifting to 11 on the amplifier of Euro-Fail. This evening brings new information from The Guardian that 'Police are urging Greeks to keep their money in bank accounts rather than putting it at risk of theft, amid further uncertainty about whether the austerity-struck country will remain in the eurozone.'

Greece's national police spokesman, Thanassis Kokkalakis, told Reuters:

"Many people have withdrawn their money from the banks fearing a financial crash, and they either carry it on them, find a hideout at home or in storage rooms. We urge people to trust the banking system, leave their money there, or at least in a safe place, not hide it at home."  

Uhm, does anyone remember Cramer and his 'Bear Stearns' call? Or are we just "being silly?"

Speculation of a Euro-wide deposit guarantee scheme was quashed somewhat by yesterday's dismally predictable non-event summit - especially given the only three-week span to the next elections. That leaves Greek citizens juggling the possibility of having their home robbed against the probability that the government, via GEURO-isation, will do it for them in the bank.

More on the Boom Bust Cycle and the 1929 Stock Market Crash

Wall Street Crash of 1929

From Wikipedia, the free encyclopedia

"Black Tuesday" redirects here. For other uses, see Black Tuesday (disambiguation).

Crowd gathering on Wall Street after the 1929 crash.

The Wall Street Crash of 1929, also known as the Great Crash and the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in thehistory of the United States when taking into consideration the full extent and duration of its fallout.^[1] The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries^[2] and did not end in the United States until the onset of American mobilization for World War II at the end of 1941.

Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even.

—Richard M. Salsman^[3]

Contents   [hide]  1 Timeline 2 Economic fundamentals 2.1 Subsequent actions 3 Effects and academic debate 4 See also 5 Notes 6 Further reading 7 External links

[edit]Timeline

The Dow Jones Industrial, 1928–1930.

The Roaring Twenties, the decade that led up to the Crash,^[4] was a time of wealth and excess. Despite the dangers of speculation, many believed that the stock market would continue to rise indefinitely. The market had been on a six-year run that saw the Dow Jones Industrial Average increase in value fivefold, peaking at 381.17 on September 3, 1929.^[5] Shortly before the crash, economist Irving Fisher famously proclaimed, "Stock prices have reached what looks like a permanently high plateau."^[6] The optimism and financial gains of the great bull market were shaken on "Black Thursday", October 24, 1929, when share prices on the New York Stock Exchange (NYSE) abruptly fell.

In the days leading up to the crash, the market was severely unstable. Periods of selling and high volumes of trading were interspersed with brief periods of rising prices and recovery. Economist and author Jude Wanniski later correlated these swings with the prospects for passage of the Smoot–Hawley Tariff Act, which was then being debated in Congress.^[7]

On October 24 ("Black Thursday"), the market lost 11% of its value at the opening bell on very heavy trading. Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor.^[8] The meeting included Thomas W. Lamont, acting head of Morgan Bank; Albert Wiggin, head of the Chase National Bank; and Charles E. Mitchell, president of the National City Bank of New York. They chose Richard Whitney, vice president of the Exchange, to act on their behalf.

Britain stops Russian ship carrying attack helicopters for Syria

A Russian ship believed to be carrying helicopters and missiles for Syria has been effectively stopped in its tracks off the coast of Scotland after its insurance was cancelled at the behest of the British government.

The British marine insurer Standard Club said it had withdrawn cover from all the ships owned by Femco, a Russian cargo line, including the MV Alaed.

"We were made aware of the allegations that the Alaed was carrying munitions destined for Syria," the company said in a statement. "We have already informed the ship owner that their insurance cover ceased automatically in view of the nature of the voyage."

British security officials confirmed they had told Standard Club that providing insurance to the shipment was likely to be a breach of European Union sanctions against the Syrian regime.

Original Story: Britain stops Russian ship carrying attack helicopters for Syria - Telegraph - http://goo.gl/FUbEC

Video Here: http://security.blogs.cnn.com/2012/06/18/syria-bound-russian-cargo-ship-loses-insurance/

Did they have P&I War Risks Coverage: http://www.standard-club.com/ProductsAndServices/page.aspx?p=79

-          Nope, that is for British ships only.

This is important because incidents like this can get a little hairy.  USA got into WWI because a so-called “merchant ship” carrying ammunitions got sunk by a German U-boat.   The Atlantean Conspiracy: The Lusitania & World War I - http://goo.gl/OglGl

Why Democrats, Independents, Republicans Can All Get Behind Mitt Romney in 2012

(This is still a draft and several revisions will be made over the next few days so come back!)

This is the interview that convinced me to vote for Mitt Romney, even though I am a HUGE Ron Paul fan, and voted for Obama in 2008.

This is my list of reasons for begrudgingly supporting Mitt Romney in 2012.

Rand Paul endorsed Mitt Romney and he and his father the Most Honorable Dr. Ron Paul is behind some VERY IMPORTANT issues.

• Legalizing industrial hemp.  Ron Paul submitted legislation in May 2011 called the Industrial Hemp Farming Act (HR1831) that would legalize non-narcotic industrial hemp.  Hemp is a HUGE part of the solution to the energy crisis, national security crisis, climate change (drought), the trade deficit, the ailing auto industry, the national debt, and more.
• Audit and End the Federal Reserve.  Ron Paul has spoken endlessly on this topic and recently Rand Paul submitted legislation to audit the Federal Reserve.  For EXCELLENT research on the twisted history of the Federal Reserve, watch Money Masters by Bill Stills.  This is actually MORE important than hemp but not as personal to me since I want to build cars our of American hemp - (see Wikispeed).
• Sound Monetary Policy - Ron Paul and Rand Paul are gaining support across the country for sound monetary policy that reduces the Federal Reserves ability to monopolize our currency and perpetuate poverty with their pump and dump falsely created economic cycles.  Economic variances will always exist.  Panics will happen, but we should not allow CENTRAL PLANNERS to manage our entire economy.  This is a form of Communism.  Yes, the Federal Reserve and all its puppet central banks around the world are GREATLY responsible for war, debt, and the destruction of the social progress that has been made by our founding fathers.  Gold and silver should be part of the global monetary supply officially to curtail central bank printing fiat money.
• Ending the IRS and the Federal Income Tax.  Who wouldn't be behind this.  How else can you starve the beast that has build a military empire around the world? Between the CIA, the US Military, and the Federal Reserve, backed by our tax dollars illegally stolen by the IRS, the USA has been in so many wars, I doubt any American could name all the countries and all the invasions, all the tackled leaders, all the death and destruction.  Rape, pillage, and plunder in the name of "liberty" and "democracy".  BS.

Obama and Romney Are the SAME! so I can vote my for Mitt Romney with social conscience still intact.  Let's face it, Romney doesn't look like a bad guy.  It's his party I am not so fond of because the GOP includes in its umbrella Neo Cons who are responsible for stripping social benefits in order to make room for militarism.  That is FASCISM.  

Why NOT Obama?

Yes, I voted for Obama in 2008.  I read both of his books, did extensive research and finally decided that the GOP was the greater of 2 evils.  Little did I know then that The Republican and the Democrat presidential candidates are guided by the same puppetmasters.  They are the ones who REALLY deserve our WRATH!

• Erosion of Civil Liberties - Obama has made continuous efforts to STRIP THE UNITED STATES OF OUR SOVEREIGNTY, grounding his ability to remove democratically elected leaders with NATO forces and suggesting that the UN and NATO give him the right to declare war, without Congress.  He should have been impeached for Libya.  Sound radical and conspiratorial? Do the research.  SOPA, NDAA, indefinite detention, Nation Defense Resource Preparedness (NDRP), and most recently the Transnationl Pacific Partnership Pact (or whatever name it has now) that would allow corporations in 8 other nations to completely circumvent our national laws.  This guy was a constitutional law professor and head of the Harvard Law Review?
• Bank Bailouts - He did nothing to counter the rising power of the Big Banks that manipulate our policy, steal wealth from the middle class, cause financial havoc, all the while taking bailouts.  Privatized gains and socialized losses.  What is that but SOCIALISM.  It is NOT capitalism.  Free markets would have allowed the Big 4 banks to collapse years ago.  Instead they are protected by government, at our expense.

What has Obama done well?

I will give him credit where credit is due.  Obama came into office on the hopes and dreams of those who were completely disillusioned by the damage that George Bush did with his wars in Iraq and Afghanistan, and massive deficits, scandals, and treason.  It wasn't hard for ANYONE to look better than Bush.  That was probably part of an elaborate plan to deceive us, but I will save that for later.

• Healthcare Reform - I am a social liberal progressive, I think.  I am not sure what the proper label is for my positions.  I think there should be competitive private healthcare for all, insured by the US Federal government or State governments.  This could be in the form of a public option or universal healthcare.  I am not caught up on the label.  Healthcare should be a natural right of every American citizen, regardless of race, state of residence, financial wherewithal, or current health condition.  Obama did manage to get more Americans covered, but did nothing to address the rise of healthcare costs.  This was a big failure, but let's give him points for trying.
• Energy policy - Obama has done quite a bit to support renewable energy.  This is the WISE business choice.  We need to be talking about efficiency, conservation, alternative sources, balanced usage, and ending the wars.  Something closer to the Carter Doctrine but without the part about "protecting our national interests abroad at all costs".  That part was written by Zbigniew Brzezinski, the creator of the Mujahidin, National Security Advisor to Carter, and father of the 2 sons who were advisors to BOTH McCain and Obama in the 2008 elections.  Again, we have had puppetmasters controlling our government for generations and very few of us recognize that.  Ron Paul gets it.
• The BP oil spill - By forcing BP to put aside $20B, Obama avoided the catastrophic financial damage that could have been inflicted on the region like Exxon did with the Valdez in Alaska nearly 30 years ago.  Very few people have been paid for the damage in that case.  The oil companies get away with murder all the time.  A more balanced energy policy and hard nosed investigative journalism may put the Four Horsemen back in their proper place - to serve the greater good of society.
• Bank Subsidies in the Form of Educational Loan Origination and Servicing - I am pretty sure that Obama led the effort to remove the middleman banks from educational loans that cost borrowers about $6B in fees each year.

Last But Not Least

This is where a little bit of twisted logic comes into play.  It is

Hemp Prohibition is the Epitome of Fascism in America

The following is an excerpt from my upcoming book entitled "The Great American Renaissance"

"The issue of hemp legalization in the United States is the epitome of fascism. Remember fascism is the merger of government and corporations to monopolize the markets and control the citizens.  The same international money cartel and self appointed aristocratic families that have controled the American money supply, indebted our nation, brought war to our shores, and assassinated our presidents is responsible for the prohibition of industrial hemp.  They fear that let loose, hemp would create an entire new industry out of their control, one that would reduce their market share for the production of textiles, pharmaceuticals, energy, plastics, and eventually, most importantly, control of the money supply through the Federal Reserve.  

Legalized hemp would allow farmers to cultivate a plant that they could then distill into a fuel which would ease the financial burden of farming and provide financial freedom and indepedence to millions of Americans across the country as anyone that owns an acre of land could produce their own energy.  The very fact that industrial hemp is illegal in the United States, and around the world for that matter, represents the essence of control by the 1% of the remaining 99%.  By legalizing hemp, will we be well on our way to resolving the energy crisis, the health crisis, the personal and governmental debt crisis, as well as the man made portion of the climate issues."

Why Big Oil & Big Banks and the Federal Reserve Are Driving Our Country into the Ditch

If I was running an oil company, I would want to make you desire my product as much as possible.  its a limited resource globally, the price can only go up.  It's like squeezing blood from a turnip.

(Buy oil stocks. Make their price go up so high that it bursts.  So that every American starts to feel the pain so they will wake up and realize that we are under attack, in a war, and our monetary and foreign policy have been hijacked by foreign cartels.  We are so blind to the truth because no one in the mass media will come out and say it.  Why? Because the 5 major media companies in the US are owned in part by the same banker cartels that    caused the crisis, got the bailouts, and are now laughing their ass off while we plunder into oblivion.  If we let it go any further this will look much worse than World War II.  This will generate riots greater and more fierce than after the Vietnam War.  This will drive us further into debt until we are broke.  And the last time a superpower went broke it was 1989.  tianemen square, velvet revolution, fall of the berlin wall, romania, hungary, Panama, all fell to the American Empire that our presidential military industrial complex is running.  Eisenhower warned of the Congressional military industrial complex but the president can assassinate with drones.  He is showing off to the Pentagon with his CIA, covert, secret operations.  Meanwhile our own military is telling us to GET OUT of the middle east but they cant make the decision.  Only the president can.  And we are in the middle east to protect Saudi Arabia and the banking cartels oil investment with Saudi Aramco.  Was it on their behalf that we invaded Iraq? Or wa that just to provoke Iran into war? Wil the Iran war be a distraction from further financial rape here at home? Last time there was a war, Dick Cheney made $1.2 trillion dollars disappear from the Pentagon.

Then Hank Paulson and his Federal Reserve loaned domestic and international banks $26 trillion dollars.  Much of which is now held at the central banks all around the world.  As soon as they release that money to the market, it will be another boom.

And who got the MF Global customer money when they went bankrupt?  JP Morgan.  Who pays the attorneys that run the trustee and bankruptcy proceedings.  And who losses? Minnesota Farmers? Jon Corzine, former governor and former head of Goldman Sachs knows EXACTLY how to steal and get away with it.

JP Morgan knows how to leverage Corzine to steal for them.  And guess who benefited the most from processing government loans to students? JP Morgan.  And guess who got the biggest bailout? JP Morgan. And guess who owns JP Morgan stock?

The same people that own Shell Oil stock. Don't you see? They have rigged our laws, our courts, our congress, our elections, our banking, our monetary and foreign policy.  We have been occupied!

Our government and economy are being controlled by a small group of very savvy psychopaths that know how to make money betting on both sides of every battle.

Every time somebody comes out with the truth, they get ignored by the mass media.  Which then makes it conspiracy theory, until knowledge of the truth crosses the chasm and reaches the tipping point of revolution.

We must convince Democrats, Republicans, and Independents to work together to take control of our country, or we will end up like Greece - a victim of financial rape.  We should hope we can turn out like India and keep control of our money supply and defend our borders and reach enlightenment.  Otherwise, we are likely to suffer much more than we already have.  We may end up like Russia in 1914 or Libya in 2011 or Iraq in 2003, Syria in 2012, .   Can't you see the world is already at war.  this is the beginning of world war 3 and if we are not careful we could all end up dust in the wind.

Fed Secretly Gives $26 Trillion to Global Cartel That Rule the World

Look at this chart on consumer price inflation (USD Devaluation) 

So how did that happen?  Check the Congressman Alan Grayson’s summary of the Fed Audit of just 6 months of activity.   Could this be related?  

The total lending for the Fed’s “broad-based emergency programs” was more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each. 

The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank.

another $10,057,000,000,000 in “currency swaps.” - the Fed handed dollars to foreign central banks, no strings attached, to fund bailouts in other countries….

...together, totaled more than $26 trillion. ... more than 7 years of federal spending — on the military, Social Security, Medicare, Medicaid, interest on the debt, and everything else. And around twice America’s total GNP….

Is there any possibility that an additional $26 trillion dollars floating around the world would cause inflation?  ABSOUTELY!

Now Read this - the capitalist network that runs the world http://bit.ly/onkFR2  - See any of the same companies? 

The top 50 of the 147 superconnected companies

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co 
7. Legal & General Group plc 
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc 
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc 
27. Invesco plc
28. Allianz SE 29. TIAA 
30. Old Mutual Public Limited Company
31. Aviva plc 
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
37. CNCE
38. Nomura Holdings Inc
39. The Depository Trust Company 
40. Massachusetts Mutual Life Insurance 
41. ING Groep NV 
42. Brandes Investment Partners LP 
43. Unicredito Italiano SPA 
44. Deposit Insurance Corporation of Japan 
45. Vereniging Aegon 
46. BNP Paribas 
47. Affiliated Managers Group Inc 
48. Resona Holdings Inc 
49. Capital Group International Inc 
50. China Petrochemical Group Company

* Lehman still existed in the 2007 dataset used

With leverage everything grows and declines proportionally.  That’s why the global market was going to crash and they had to be bailed out.  Because they OWN PRACTICALLY EVERYTHING!