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SEC Attacks S & P Over Rating Downgrade

Let this be a lesson to you rating agencies who have the balls to stand up to the Leviathan. Insolence will not be tolerated. The WSJ reports: The Securities and Exchange Commission will scrutinize the model used by credit-rating firm Standard & Poor’s to downgrade long-term U.S. government debt, following accusations by the Treasury Department of…

Bank of America Going Bankrupt?

I bank at Bank of America and I just went in around 6:00 pm pacific time to get a large cash withdrawl from my account. They told me their systems were down and that I could only withdrawl 200 bucks. My ass their system is down, they are out of money. I’m sure they are…

The Ultimate Bubble – 10 Year Treasuries At Record Low Rates

The AP reports: A stampede by investors into Treasurys helped the U.S. government borrow at record low rates for the second day straight. The Treasury sold $24 billion in 10-year Treasury notes Wednesday afternoon at a yield of 2.14 percent. That’s the lowest borrowing rate for an auction of 10-year notes on record, according to…

Site Under Heavy Load – Low Bandwidth Option

Thanks to all my readers who have spread my articles around the web. Today the site is experiencing a very heavy traffic load. You can see a low bandwidth version of the site at this address: http://libertariannews.wordpress.com/ And the popular article Because The State Loves You can be found here. Embedded resources like YouTube playlist…

Calculating the Housing Bottom

Its pretty simple.  I’m not sure why this is so difficult for people to grasp. Housing prices need to reach a level where the average consumer can afford to enter the market with a 20% down payment on a home loan and have enough disposable income left over to afford the mortgage payment.  Any government…

Ron Paul Paid $352 By Lobbyists, Boehner Paid $202,165, Pelosi Paid $695,282

  The title is pretty self explanatory. Find out how corrupt your congressman is here. Of the over $50 million in these reports, firms employing lobbyists spent $36.3 million honoring members of Congress and $11 million honoring executive branch officials in 2009 and 2010, according to Sunlight’s analysis. In addition, nearly $645,000 went to legislative branch employees—mostly congressional…

Private Corporations Fleeing Nazi Regulatory State Of California

CNN reports: Companies are “disinvesting” in California at a rate five times greater than just two years ago. “There is a feeling that the state is not stable,” Vranich said. “Sacramento can’t get its act together…and that includes the governor, legislators and regulatory agencies that are running wild.” The state has been ranked by Chief Executive magazine…