Uncategorized

Wall Street Despised

In keeping with my recent string of polls, here’s one more for you. The WSJ reports: As the country struggles with a 9.7 percent unemployment rate while financial stocks surge, 57 percent of Americans have a mostly unfavorable or very unfavorable view of Wall Street, versus fewer than one-quarter who have a favorable opinion. Banks are viewed…

Fox News Poll: 79% Say U.S. Economy Could Collapse

Fox News reports: Most American voters believe it’s possible the nation’s economy could collapse, and majorities don’t think elected officials in Washington have ideas for fixing it. The latest Fox News poll finds that 79 percent of voters think it’s possible the economy could collapse, including large majorities of Democrats (72 percent), Republicans (84 percent)…

20 Ways Obamacare Will Take Away Your Rights

Infowars provides us with a fantastic piece highlighting the 20 most egregious violations of our rights in the new totalitariancare bill. Infowars reports: With ObamaCARE now passed, containing the Cornhusker Kickback, Gator-Aid, the Lousiana Purchase, and other shady deals, Investors Business Daily gives up 20 ways that ObamaCARE will take away our freedoms. IBD’s sections described…

Government: Don’t Like Obamacare? We’ll Make You Love It

CNS News: Obama and the Democrats know you hate the health care takeover. In response, they will spend your money to launch an “immediate public relations blitz aimed at turning around Americans’ opinion of the health-care bill.” According to the CIA’s favorite newspaper, the Washington Post, the PR propaganda blitz will work in three stages:…

Fictional Reserve Banking

In an earlier post I commented on Lord Bernanke’s demand that banks be allowed to run 0% reserves. In this post Washington’s blog points out that due to CDOs and other leveraging instruments the banks already effectively have no reserves. Washington’s blog reports: And as Steve Keen notes – citing Table 10 in Yueh-Yun C.…

Banks Attack First Amendment Of Blogosphere

The banking oligarchs and our criminal court system have decided that you are too dumb to have time sensitive financial information. Bloomberg reports: Theflyonthewall.com, the online financial news service, was barred from issuing immediate online reports about stock upgrades and downgrades of Barclays Plc, Bank of America Corp.’s Merrill Lynch, and Morgan Stanley… The banks…

The Texas Textbook Wars

An important read. Mises’s Jeff Riggenbach explains why the changes to textbooks in Texas will have profound impacts on the state of the nation. Jeff explains: The existing description stated that a student who completed that course would be able to “explain the impact of Enlightenment ideas from John Locke, Thomas Hobbes, Voltaire, Charles de…

Goldman Sachs Securities Fraud

Senator Ted Kaufman said Goldman may have committed securities fraud on the Senate floor the other day. In a rambling rant, where the criminal Senator declared the need for a total regulatory police state, Kaufman said: At the same time, there are reports that raise questions about whether Goldman Sachs and other firms may have…