Bill for basket of essentials soars 43% in ten years

http://www.dailymail.co.uk/news/article-2078876/Bill-basket-essentials-soars-43-cent-years.html


By DANIEL MARTIN


Ordinary families have been crippled by the rocketing cost of essential goods over the past decade, a report has found.

The price of basic purchases, such as food and fuel, soared by 43 per cent over the decade from 2000.

These rising costs – far above general inflation – have already wiped out most of the gains in living standards made by families on low and modest incomes in the early 2000s, before the downturn began, according to research.


Costly basics: The price of essential goods such as basic food items has shot up in the last ten years

The analysis, commissioned by the Resolution Foundation think-tank, revealed the squeeze on living standards for ordinary households has been more severe than previously thought.

It found 30 per cent of working-age households now have incomes too low to afford the essential basket of goods.


More...
Britain 'in danger of drifting back into recession in 2012' warns think-tank boss
It also showed that Labour’s stewardship of the economy may not have benefited ordinary families as much as the party had claimed.

Some household costs increased even more dramatically than the 43 per cent average, according to the study.

Household fuel more than doubled in price during the 2000s and water bills increased by 63 per cent, it said.

Report author Donald Hirsch, from the Centre for Research in Social Policy at Loughborough University, said: ‘This research shows the dramatic impact recent price increases have had on the ability of households to afford a minimum standard of living.

‘Of course, global pressures on prices are largely beyond our control.

‘But that makes it all the more important that we do all we can to reduce pressures in areas where we can make a difference, such as transport costs, council tax and energy prices.’

The analysis is based on the commonly accepted essential basket of goods, which includes food, fuel, public transport and very occasional treats for families with children.


Burning a hole in your pocket? Fuel prices have more than doubled in the last decade

The official inflation measure, the Consumer Price Index, takes into account a wider basket of goods. Over the decade to 2010, CPI was 27 per cent.

Gavin Kelly, chief executive of the Resolution Foundation, said: ‘The fact that the rising cost of essential goods and services has outstripped official measures of inflation helps explain the disconnect many hard-pressed households have long felt between their own stagnating living standards and the growing affluence they see around them.’

Meanwhile, it has emerged that demand for frozen meals has rocketed among cash-strapped Britons desperate to cut their grocery bills and produce popular family meals for less.

The latest market data has revealed that the frozen food retail market has grown by 5.2 per cent since 2010, according to analysts Kantar Worldpanel.

Volume sales of frozen meat and poultry are up 5.5 per cent, pizza by 3.6 per cent and frozen fish by 3.4 per cent.

Brian Young, director general of the British Frozen Food Federation, told The Grocer magazine: ‘In times of economic uncertainty choosing frozen meat and poultry allows consumers to make their favourite meals and foods at a much lower price point. ’

Quote of the day.....

If you thought that your significant other was Bi-polar.......try instead observing the stock market on a day to day basis!

The stock market has become a patient about to be admitted to section 8, a skilled psychiatric hospital!

THIS ECONOMY IS FUBAR!

I have got one word to describe our economy.........



Stagflation..........


But no one is using that term. When you have practically no growth and extremely high prices which we no doubt have, you have a very LARGE problem.

Everything has just about doubled in price, if not tripled, and it REALLY SUCKS for low-income people!

The disparities between the rich and poor are widening more and more each day and it is only going to get A LOT WORSE!

And if anyone can not see that..........well they are simply BLIND!!

The Hefty Holiday Bill!

It must be nice being President... Obama to jet off to Hawaii for SEVENTEEN DAY Christmas vacation
By DAILY MAIL REPORTER

While most Americans are lucky to get a few weeks of holiday every year, it seems the country’s leader gets a little more freedom in the matter.

President Barack Obama has announced his Christmas vacation to Hawaii – for a staggering 17-day trip.

Obama, who visited the island just two weeks ago for an economic summit, will head to Honolulu on Saturday December 17 until Monday January 2.

Taking it easy: President Obama, pictured playing golf, has announced he will take off more than two weeks to visit Hawaii with his wife and daughters

The president, who was raised in Hawaii until he was six, will be joined by his wife Michelle and their daughters, Malia, 13, and Sasha, 10.

The White House travel office announced the president has no public events scheduled for the trip.

The President's family covers the cost of a private beach front residence in Kailua, Oahu, for their vacation - a ‘Winter White House’ that costs up to $3,500 a day, or $75,000 a month.

But the local and federal taxpayers help pay the bill for travel and security.

Last year the trip cost more than $1 million,according to the Hawaii Reporter.

Obama announced the trip during a campaign fundraiser on Oahu's Leeward Coast during his stay on the island last month.

Last year the Obama's Christmas trip to Hawaii cost more than $1 million.

He covered the cost of his family's accommodation, but the rest was covered by the taxpayers.

The bill to house Secret Service agents and Navy Seals in beach front accommodation stretched to $16,800.

A further hotel bill of $134,400 covered 24 White House staff staying in the Moana Hotel at a rate of $400 a day.

The estimate, by the Hawaii Reporter, also included $250,000 for local police overtime, $1 million for the president's own round trip flight to Hawaii on Air Force One, and $10,000 for a local ambulance to accompany the presidential motorcade.

‘It is great to be home, great to feel that Aloha spirit,’ he said.

‘And Michelle and the girls will be back shortly for Christmas vacation, as we do every year. We'll see if Washington gets its business done, so I can get here as well. But that's always a challenge.’

It follows an 11-day stay in Martha’s Vineyard, Massachusetts, earlier this year, which is also believed to have cost the U.S. taxpayer millions.

Next week, the president will be saving a few cents by hosting a meeting with Canadian Prime Minister Stephen Harper.

Obama will speak with Harper at the White House about economic competitiveness, security and key global issues.

Harper has urged Obama to support an oil pipeline from western Canada to the U.S. Gulf Coast.

But the Obama administration said last month it was delaying a decision on the project until it can study new potential routes that would avoid environmentally sensitive areas in the Midwest. The decision is expected to be delayed until 2013.





*********That's like driving a Duesenberg in the Great Depression********

More reality.......

From the Economic Collapse Blog by Michael Snyder
http://www.theeconomiccollapseblog.com


***********The American people need to be shocked out of their entertainment-induced stupor long enough to understand what is really going on and what needs to be done to solve our nightmarish economic problems. If we do not wake up enough Americans in time, the economic collapse that is coming could tear this nation to shreds.



What Have The Central Banks Of The World Done Now?


The central banks of the world are acting as if it is 2008 all over again. Desperate times call for desperate measures, and right now the central bankers are pulling out all the stops. The Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada, the Bank of Japan and the Swiss National Bank have announced a coordinated plan to provide liquidity support to the global financial system. According to the plan, the Federal Reserve is going to substantially reduce the interest rate that it charges the European Central Bank to borrow dollars. In turn, that will enable the ECB to lend dollars to European banks at a much cheaper rate. The hope is that this will alleviate the credit crunch which has gripped the European financial system by the throat. So where is the Federal Reserve going to get all of these dollars that it will be loaning out at very low interest rates? You guessed it - the Fed is just going to create them out of thin air. Our currency is being debased so that Europe can be helped out. Unfortunately, the impact of this move will be mostly "psychological" because it really does nothing to address the fundamental problems that Europe is facing. It is up to Europe to solve those problems, and so far Europe has shown no signs of being able to do that.

The major central banks of the world say that they want to "enhance their capacity to provide liquidity support to the global financial system." But essentially what is happening is that the Federal Reserve is going to be zapping large amounts of dollars into existence and loaning them out to the ECB very, very cheaply. Think of it as a type of "quantitative easing" on a global scale.

The decision to do this was reportedly made by the Federal Reserve on Monday morning. For the moment, this move seems to have stabilized the European financial system. It is quite unlikely that any major European banks will fail this weekend now.

But as mentioned above, this move does nothing to solve the very serious financial problems that Europe is facing. This intervention by the central banks is merely just a speed bump on the road to financial oblivion.

Most Americans are not going to understand what the central banks of the world just did, but it really is not that complicated.

The following is how CNN chief business correspondent Ali Velshi broke down what the central banks have done....

In an attempt to stave off the consequences of a global credit freeze, the Federal Reserve, in coordination with major central banks, has created a credit line available to those central banks, whereby they can borrow dollars at reduced interest rates for periods of three months. The central banks, in turn, can lend to commercial banks in their respective countries. This is meant to reduce the cost of short-term borrowing for troubled European banks and to give them immediate access to dollars.

This was done immediately after the collapse of Lehman Brothers as well, to alleviate the consequences of banks being largely unwilling to lend to other banks, even for short periods, for fear that the borrowing banks could fail.

Okay - so the Federal Reserve is loaning giant piles of cheap money to the European Central Bank.

So where in the world does all of that money come from?

As a CNBC article recently explained, all of this money is created right out of thin air by the Federal Reserve....

Neither the dollars nor the Euros come from anywhere. They aren’t moved or debited from anywhere. They are invented right on the spot with a few taps on the key pad. And that’s all. There’s no printing press fired up to make new dollars or euros.

This is sometimes called “fiat money.” But that makes it sound as if some command from a sovereign created the money. It’s really closer to “keyboard money,” since it is created by data entry in a computer.

Does that sound bizarre to you?

It should.

But that is how the global financial system really works.

We live in a crazy world.

So what did the financial markets of the world think of this move by the Federal Reserve?

It turns out that they absolutely loved it.

The Dow was up 490 points, and that was the biggest gain of the year so far.

Unfortunately, this stock market rally is not going to last indefinitely. If you are still in the market, enjoy this while you can because eventually a whole lot of pain is going to be coming.

Again, nothing has been solved. Europe is still in a massive amount of trouble. But the announcement did make everyone feel all "warm and fuzzy" for at least a day.

Michelle Girard, a senior economist at RBS Securities, said the following about this move....

"The impact is more psychological than anything else"

Just think of it as "comfort food" for the financial markets.

It was also a very desperate move.

In fact, some even believe that this move happened because a major European bank was in danger of failing.

Just check out some of the things that Jim Cramer of CNBC has been saying on Twitter....

If the Fed didn't act we would have had the largest bank failure ever this weekend, i believe.

The actions the governments took today shows that there was without a doubt a major bank about to fall this weekend. That's very dire....

I believe a major European bank would have gone under this weekend.... That's why they did this....

An article in Forbes has also speculated that this move was made because a major European bank was in imminent danger of failing....

Did a big European bank come close to failing last night? European banks, especially French banks, rely heavily on funding in the wholesale money markets. Given the actions of the world’s largest central banks last night, it raises the question of whether a major bank was having difficulty funding its immediate liquidity needs.

Perhaps we will never know the truth, but the reality is that the Federal Reserve and the European Central Bank would have never taken coordinated action like this if they did not believe that there was some sort of imminent threat to the global financial system.

Sadly, this latest move is also going to have some side effects.

Pimco senior vice president Tony Crescenzi says that all of this "liquidity" is going to dramatically increase the size of the U.S. monetary base....

Keep in mind that any use of the Fed’s swap facility expands the Fed’s monetary base: all dollars, no matter where they are deposited, whether it be Kazakhstan, Japan, or Mexico, wind up back in an American bank. This means that any time a foreign central bank engages in a swap with the Federal Reserve, the Fed will create new money in order to make the swap. Use of the Fed’s liquidity swap line in late 2008 was the main cause of a surge in the Fed’s monetary base at that time. The peak for the swap line was about $600 billion in December 2008. Some observers will therefore say that the swap line is a backdoor way to engage in more quantitative easing.

When there is more money floating around out there but the same amount of goods and services, prices go up.

So will we eventually see more inflation in the United States because of all this?

That is what some are fearing.

Meanwhile, politicians in Europe have failed to come up with a plan to address the European financial crisis once again.

They are calling it a "delay", but the truth is that it should be called a "failure". The following comes from an article in USA Today....

The ministers delayed action on major financial issues — such as the concept of a closer fiscal union that would guarantee more budgetary discipline — until the heads of state meet next week in Brussels.

So will European politicians come up with a real plan next week in Brussels?

That seems unlikely.

The reality is that this latest move by the major central banks of the world does not change the fact that Europe is in a huge amount of trouble and is most likely headed for a very painful financial collapse.

One more thing that this latest move by the central banks of the world highlights is the fact that we do not have any control over what they do.

All of these central banks are run by unelected bureaucrats that answer to nobody. The decisions that these central bankers make affect all of our lives in a very significant way, and yet we have zero input into these decisions.

Most of the decisions that these central bankers make seem to benefit big banks and big financial institutions. They always claim that the benefits will "filter down" to the rest of us. But most of the time what ends up filtering down to us is the economic pain that comes from their bad decisions.

As I have written about so many times before, these central banks need to be abolished. The American people need to tell Congress to shut down the Federal Reserve and to start issuing debt-free United States currency.

We do not want a bunch of unelected central bankers to "centrally plan" the U.S. economy or to "centrally plan" the global economy.

The more these central bankers monkey with things, the more they mess things up.

Yes, this latest move has stabilized things for the moment, but big trouble is on the horizon for the global financial system.

Count on it.

Banks Build Contingency for Breakup of the Euro

http://www.nytimes.com


For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen.

But some banks are no longer so sure, especially as the sovereign debt crisis threatened to ensnare Germany itself this week, when investors began to question the nation’s stature as Europe’s main pillar of stability.

On Friday, Standard & Poor’s downgraded Belgium’s credit standing to AA from AA+, saying it might not be able to cut its towering debt load any time soon. Ratings agencies this week cautioned that France could lose its AAA rating if the crisis grew. On Thursday, agencies lowered the ratings of Portugal and Hungary to junk.

While European leaders still say there is no need to draw up a Plan B, some of the world’s biggest banks, and their supervisors, are doing just that.

“We cannot be, and are not, complacent on this front,” Andrew Bailey, a regulator at Britain’s Financial Services Authority, said this week. “We must not ignore the prospect of a disorderly departure of some countries from the euro zone,” he said.

Banks including Merrill Lynch, Barclays Capital and Nomura issued a cascade of reports this week examining the likelihood of a breakup of the euro zone. “The euro zone financial crisis has entered a far more dangerous phase,” analysts at Nomura wrote on Friday. Unless the European Central Bank steps in to help where politicians have failed, “a euro breakup now appears probable rather than possible,” the bank said.

Major British financial institutions, like the Royal Bank of Scotland, are drawing up contingency plans in case the unthinkable veers toward reality, bank supervisors said Thursday.

United States regulators have been pushing American banks like Citigroup and others to reduce their exposure to the euro zone. In Asia, authorities in Hong Kong have stepped up their monitoring of the international exposure of foreign and local banks in light of the European crisis.

But banks in big euro zone countries that have only recently been infected by the crisis do not seem to be nearly as flustered.

Banks in France and Italy in particular are not creating backup plans, bankers say, for the simple reason that they have concluded it is impossible for the euro to break up. Although banks like BNP Paribas, Société Générale, UniCredit and others recently dumped tens of billions of euros worth of European sovereign debt, the thinking is that there is little reason to do more.

“While in the United States there is clearly a view that Europe can break up, here, we believe Europe must remain as it is,” said one French banker, summing up the thinking at French banks. “So no one is saying, ‘We need a fallback,’ ” said the banker, who was not authorized to speak publicly.

When Intesa Sanpaolo, Italy’s second-largest bank, evaluated different situations in preparation for its 2011-13 strategic plan last March, none were based on the possible breakup of the euro, and “even though the situation has evolved, we haven’t revised our scenario to take that into consideration,” said Andrea Beltratti, chairman of the bank’s management board.

Mr. Beltratti said that banks would be the first bellwether of trouble in the case of growing jitters about the euro, and that Intesa Sanpaolo had been “very careful” from the point of view of liquidity and capital. In late spring, the bank raised its capital by five billion euros, one of the largest increases in Europe.

Mr. Beltratti said that Italy, like the European Union, could adopt a series of policy measures that could keep the breakup of the euro at bay. “I certainly felt more confident a few months ago, but still feel optimistic,” he said.

European leaders this week said they were more determined than ever to keep the single currency alive — especially with major elections looming in France next year and in Germany in 2013. If anything, Mrs. Merkel said she would redouble her efforts to push the union toward greater fiscal and political unity.

That task is seen as slightly easier now that the crisis has evicted weak leaders from troubled euro zone countries like Italy and Spain. But it remained an uphill battle as Mrs. Merkel continued this week to oppose the creation of bonds that would be backed by the euro zone.

Politically, even the idea of a breakaway Greece is increasingly considered anathema. Despite expectations that Greece — and the banks that lent to it — may receive European taxpayer bailouts for up to nine years, officials fear its exit could open a Pandora’s box of horrors, such as a second Lehman-like event, or even the exit of other countries from the euro union.

Europe’s common currency union was formed more than a decade ago and now includes 17 European Union members, creating a powerful economic bloc aimed at cementing stability on the Continent.

It ushered in years of prosperity for its members, especially Germany, as interest rates declined and money flooded into the union — until the Lehman Brothers bankruptcy sent global credit markets into chaos three years ago and the financial crisis took on new life with the near-default of Greece last year. The creation of the euro zone meant countless interlocking contracts and assets among the countries, but no mechanism for a country to leave the union.

But as the crisis leaps to Europe’s wealthier north, banks have been increasing their preparedness for any outcome. For instance, while it would certainly be legally, financially and politically complicated for Greece to quit the euro zone, some banks are nonetheless tallying how euros would be converted to drachmas, how contracts would be executed and whether the event would cause credit markets to seize up worldwide.

The Royal Bank of Scotland is one of many banks testing its capacity to deal with a euro breakup. “We do lots of stress-test analyses of what happens if the euro breaks apart or if certain things happen, countries expelled from the euro,” said Bruce van Saun, RBS’s group finance director. But, he added: “I don’t want to make it more dramatic than it is.”

Certain businesses are taking similar precautions. The giant German tourism operator TUI recently caused a stir in Greece when it sent letters to Greek hoteliers demanding that contracts be renegotiated in drachmas to protect against losses if Greece were to exit the euro.

TUI took the action just days after Mrs. Merkel and President Nicolas Sarkozy of France acknowledged at a meeting earlier this month of G-20 leaders in Cannes, France, that Greece could well leave the monetary union. On Thursday, Greece’s central bank warned that if the country failed to improve its finances quickly, the question would become “whether the country is to remain within the euro area.”

In a survey published Wednesday of nearly 1,000 of its clients, Barclays Capital said nearly half expected at least one country to leave the euro zone; 35 percent expect the breakup to be limited to Greece, and one in 20 expect all countries on Europe’s periphery to exit next year.

Some banks are now looking well beyond just one country. On Friday, Merrill Lynch became the latest to issue a report exploring what would happen if countries were to exit the euro and revert to their old currencies. If Spain, Italy, Portugal and France were to start printing their old money again today, their currencies would most likely weaken against the dollar, reflecting the relative weakness of their economies, Merrill Lynch calculated.

Currencies in the stronger economies of Germany, the Netherlands and Ireland would probably rise against the dollar, according to the analysis.

In Asia, banks and regulators view the situation with growing alarm. Norman Chan, the chief executive of the Hong Kong Monetary Authority, said on Wednesday that regulators had stepped up their surveillance of banks’ exposure to Europe.

Regulators have been working with bank managers on stress tests to determine how the banks’ financial stability might be affected by an increasingly severe financial dislocation in Europe, said a Hong Kong banker who insisted on anonymity.

The main danger of a euro breakup, said Stephen Jen, managing partner at SLJ Macro Partners in London, is “redenomination risk,” the unpredictable effect that a euro breakup would have on financial assets as newly created currencies sought their own levels in the market and the value of contracts drawn up in euros came into question.

Most people hope that will not happen. “Remember when Lehman went bankrupt — nobody could anticipate what happened next,” said the French banker who was not authorized to speak publicly. “That was a company, not a country. If a country leaves the euro — multiply the Lehman effect by 10,” he said.

Do you really know the truth about Newt Gingrich?

A must read for the informed individual. Circle of Intrique by Texe Marrs. Get your copy at Amazon.com



So before you mindlessly follow the "polls", be sure to check the facts before you make an "educated" vote.


Newt Gingrich has endorsed Alvin and Heidi Toffler's Marxist book, "Creating a new civilization". That alone, as Texe Marrs states in his book "Circle of Intrique", should enlighten you as to who is really pulling puppet Gingrich's strings!

Newt Gingrich is a hard core New Ager, a high level Mason, the former Speaker is a secret establishment clone par excellence. He is a member of both the World Future Society and the Council of Foreign Relations (a globalist organization). He is a DEVOTED globalist and advocate of the New World Order and led the Congress in support of the taxpayer giveaway of some $40 billion to the bankers responsible for 1994's collapse of the Mexican peso. He also slam-dunked the Congress into supporting the so-called "free trade" General Agreement on Tariffs and Trade (GATT) bill, and he successfully conspired with former President Clinton and Rockefeller-Rothschild forces to insure the setting up of the World Trade Organization (WTO).

In obedience to his Illuminati superiors, errand boy Newt has demanded that House members continue to fund and support radical environmental policies. He is a member of Georgia's Conservancy, a prominent pro-Mother Earth group. These policies threaten to demolish the constitutional concept of private ownership of lands.

GIngrich is also a chief sponsor of "anti-terrorist" legislation when in reality, these unconstitutional congressional bills are designed to shut the mouths and restrict the First Amendment right of free speech of citizens opposed to Big Brother government. Why do you think he is so critical of the occupy movement? Gingrich has also been an ardent supporter of gun-control legislation intended to restrict the Second Amendment right to "keep and bear arms".

Newt Gingrich admits that he is so enamored with the Tofflers' ideas that Renewing American Civilization, the much touted college course Newt personally created and now offers the Republican faithful by video, is based almost exclusively on their philosophies and teachings. Generally when a person adopts others philosophies, like Marxism, they become the same. In fact, Gingrich is so smitten by this couple and their New Age, globalist ideas that he personally wrote the forward for their piece of propaganda garbage, "Creating a New Civilization". Perhaps you should take a closer look at the books' contents and its fascist oriented proposals:

One in particular.............."The Constitution of the United States needs to be reconsidered and altered....to create a whole new structure of government........Building a Third Wave civilization on the wreckage of Second Wave institutions involves the design of new, more appropriate political structures.....the system that served us so well must, in its turn, die and be replaced." ..........................is it any wonder why our leaders are working against the American people, making decisions that do not reflect a patriot/constitutional approach? Why do you act surprised when they are all in fact globalist adopting these subversive and sedition views?

The Tofflers' books provide a blueprint paralleling that of the Illuminati for the destruction of democratic society, the exaltation of a super rich elite, and an all-out assault against Christianity, patriotism, nationalism and the United States Constitution.

Another book Gingrich has strongly endorsed by the tofflers' called "Power Shift" rants and raves against patriotism, which they denigrate as "the resurgence of flag-waving xenophobia and as "nationalist demagoguery." The Tofflers' warn in their book that fundamental biblical Christianity is "both dangerous and regressive". Beliefs in nationalism, patriotism, and in an exclusive God they say, give birth to violence or repression.

Now is this who you should really vote for? Someone who endorses and believes such unpatriotic and unamerican views? Be sure you let no one deceive you. Check the facts at the door before you mindlessly follow the "front-runner"

BTW......both parties, Republican and Democratic have BOTH sold out the American people!

The gift of LIFE!

This is my new niece, Lillianna. My brother took her glamour shot. He is an Art director at Johnson and Johnson and enjoys creative picture taking.


How precious also are your thoughts unto me Oh, God! How great is the sum of them! If I should count them they are more in number than the sand: when I awake, I am still with thee..........Psalm 139:17,18

More pictures of the pretty fall leaves. My favorite hobby is photography.

Moving right along as planned.......

Vatican Calls For World Government


Source: Battlecry Newsletter, Jack Chick Ministries

November 2011
The current global economic crisis has pushed world leaders to begin recommending a world government. The Vatican is now calling for a “global public authority,” including a world central bank controlling global financial affairs. An 18-page document released by the Vatican’s Justice and Peace department was entitled, “Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority.” It condemned the “idolatry of the market” and called for an in-depth examination of “the principles and the cultural and moral values at the basis of social coexistence.” “Selfishness, collective greed and hoarding of goods,” is blamed for the economic crisis which, it predicted, would lead to “a climate of growing hostility and even violence, and ultimately undermine the very foundations of democratic institutions, even the ones considered most solid.”

France’s top financial regulator, Jean-Pierre Jouyet, was quick to agree that, “the Pontifical Council for Justice and Peace is right to emphasize in its latest report the need to strengthen global governance.” He pointed out that the “states have increasingly fallen under the control of markets….States, politics, must regain control of things.” As a first step, Jouyet emphasized the need to “strengthen” the powers of the new European banking and insurance regulators.

Of course, this also fits neatly with the U.S. President’s stated goal to “share the wealth around.” The world is succumbing to the false idea that more laws and regulations by the government is the solution to the “selfishness, collective greed and hoarding of goods.” Lost in all this is the biblical concept that the basic problem is the human heart and only when it is changed by the Holy Spirit will social, economic, cultural and political problems be solved.

Part of the government’s job is to suppress evil, but it cannot do it alone. That is why America’s founding fathers made sure that we were free to promote biblical truth. Churches, Bible schools, and charities were given tax favor so the government would not hamper the dissemination of the gospel. In this level playing field the church’s job was to counter Satan’s strategies at the most basic level, the condition of the human heart. None of the devil’s lies of evolution, humanism, Islam, Catholicism, atheism, socialism, etc. can stand against a robust and dynamic soul winning and discipleship effort.

Unfortunately today, the church finds itself playing catch-up. And Satan has hobbled the churches with defective bibles leaving pastors doubting the word of God and the people in confusion. Using that doubt, the Devil has convinced us that hell may not be so bad, homosexuality is not really a sin, evolution may be part of God’s creation process, worldly music and entertainment is okay, marriage vows don’t really mean what they say, and whoever dies with the most toys wins.

Institutions such as Harvard and Yale that were established to train pastors have become hotbeds of anti-Christ philosophies: humanism, naturalism, atheism, Marxism and evolution. Their graduates have firmly planted these godless viewpoints in our public schools and government institutions, driving out the Ten Commandments and forbidding any reference to our Creator.

The crises we are facing are designed by God to shock us awake. But once awake, people need to know the truth and that is not always where they are likely to find it. But, over the years, thousands of people have told us that a no-nonsense gospel tract is where they first discovered the Truth. From it, they eventually found their way to their Creator, committed their lives to Him, and began to stand in righteousness against Satan’s whispers of doubt. Only the gospel can forestall the chaos prophesied for the end times and allow a few more into the Kingdom. We need to saturate our communities with biblical truth. The easiest way that anyone can do that is with gospel tracts.

A tale of gossip.....

There once was a gathering of several men for a home bible study. What was intended to be a bible study turned into a confessional. The men sat around talking and sharing with each other their secrets that no one knew except God. The first man confessed that he was having an exciting sexual tryst with the "blond bombshell" church secretary because he was "bored" with his plain jane wife at home. Another man admitted to stealing church funds for his drug and gambling addition. Yet another confessed he had been cheating on his taxes for over a decade. Still another figured since everyone was being totally honest, he may as well get off his chest that he murdered his neighbor who pissed him off so much. In the back corner of the room there sat a man who remained quiet the entire time. Finally he spoke up and everyone turned to him and listened intently. The man said my problem is gossip. I just can not get a handle on my tongue and I can not wait to get out of here so I can "share" with everyone what I have just heard from you all. This man's itching tongue propelled him forward through the door so fast that no other man in the room hadn't a chance to stop him. Not even the "murderer"!

And the moral of the story is? Gee I haven't a clue, you tell me.

Well anyway my "opinion" is that so many of our churches have been reduced to such nonsense and the older you get the less tolerance you have for such Peyton Place mentality.

I wish more pastors would preach to their congregation about the wicked tongue and the destruction it causes. The book of James pretty much says it all.

The Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer

October 18, 2011

Source: Washington's Blog

Bloomberg reports that Bank of America is dumping derivatives onto a subsidiary which is insured by the government – i.e. taxpayers.

Yves Smith notes:

If you have any doubt that Bank of America is going down, this development should settle it …. Both [professor of economics and law, and former head S&L prosecutor] Bill Black (who I interviewed just now) and I see this as a desperate move by Bank of America’s management, a de facto admission that they know the bank is in serious trouble.

The short form via Bloomberg:

Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation…

Bank of America’s holding company — the parent of both the retail bank and the Merrill Lynch securities unit — held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA, according to the data, which represent the notional values of the trades.

That compares with JPMorgan’s deposit-taking entity, JPMorgan Chase Bank NA, which contained 99 percent of the New York-based firm’s $79 trillion of notional derivatives, the OCC data show.

Now you would expect this move to be driven by adverse selection, that it, that BofA would move its WORST derivatives, that is, the ones that were riskiest or otherwise had high collateral posting requirements, to the sub. Bill Black confirmed that even though the details were sketchy, this is precisely what took place.

And remember, as we have indicated, there are some “derivatives” that should be eliminated, period. We’ve written repeatedly about credit default swaps, which have virtually no legitimate economic uses (no one was complaining about the illiquidity of corporate bonds prior to the introduction of CDS; this was not a perceived need among investors). They are an inherently defective product, since there is no way to margin adequately for “jump to default” risk and have the product be viable economically. CDS are systematically underpriced insurance, with insurers guaranteed to go bust periodically, as AIG and the monolines demonstrated. [Background.]

The reason that commentators like Chris Whalen were relatively sanguine about Bank of America likely becoming insolvent as a result of eventual mortgage and other litigation losses is that it would be a holding company bankruptcy. The operating units, most importantly, the banks, would not be affected and could be spun out to a new entity or sold. Shareholders would be wiped out and holding company creditors (most important, bondholders) would take a hit by having their debt haircut and partly converted to equity.

This changes the picture completely. This move reflects either criminal incompetence or abject corruption by the Fed. Even though I’ve expressed my doubts as to whether Dodd Frank resolutions will work, dumping derivatives into depositaries pretty much guarantees a Dodd Frank resolution will fail. Remember the effect of the 2005 bankruptcy law revisions: derivatives counterparties are first in line, they get to grab assets first and leave everyone else to scramble for crumbs. [Background.] So this move amounts to a direct transfer from derivatives counterparties of Merrill to the taxpayer, via the FDIC, which would have to make depositors whole after derivatives counterparties grabbed collateral. It’s well nigh impossible to have an orderly wind down in this scenario. You have a derivatives counterparty land grab and an abrupt insolvency. Lehman failed over a weekend after JP Morgan grabbed collateral.

But it’s even worse than that. During the savings & loan crisis, the FDIC did not have enough in deposit insurance receipts to pay for the Resolution Trust Corporation wind-down vehicle. It had to get more funding from Congress. This move paves the way for another TARP-style shakedown of taxpayers, this time to save depositors. No Congressman would dare vote against that. This move is Machiavellian, and just plain evil.

The FDIC is understandably ripshit. Again from Bloomberg:

The Federal Reserve and Federal Deposit Insurance Corp. disagree over the transfers, which are being requested by counterparties, said the people, who asked to remain anonymous because they weren’t authorized to speak publicly. The Fed has signaled that it favors moving the derivatives to give relief to the bank holding company, while the FDIC, which would have to pay off depositors in the event of a bank failure, is objecting, said the people. The bank doesn’t believe regulatory approval is needed, said people with knowledge of its position.

Well OF COURSE BofA is gonna try to take the position this is kosher, but the FDIC can and must reject this brazen move. But this is a bit of a fait accompli,and I have NO doubt BofA and the craven, corrupt Fed will argue that moving the derivatives back will upset the markets. Well too bad, maybe it’s time banks learn they can no longer run roughshod over regulators. And if BofA is at that much risk that it can’t survive undoing this brazen move, that would seem to be prima facie evidence that a Dodd Frank resolution is in order.

Bill Black said that the Bloomberg editors toned down his remarks considerably. He said, “Any competent regulator would respond: “No, Hell NO!” It’s time that the public also say no, and loudly, to this new scheme to loot taxpayers and save a criminally destructive bank.

Professor Black provided a “bottom line” summary in a separate email:

1.The bank holding company (BAC) is moving troubled assets held by an entity not insured by the public (Merrill Lynch) to the Bank of America, which is insured by the public
2. The banking rules are designed to prevent that because they are designed to protect the FDIC insurance fund (which the Treasury guarantees)
3. Any marginally competent regulator would say “No, Hell NO!”
4. The Fed, reportedly, is saying “Sure, no worries” by allowing the sale of an affiliate’s troubled assets to B of A
5. This is a really good “natural experiment” that allows us to test whether the Fed is protects the public or the uninsured and systemically dangerous institutions (the bank holding companies (BHCs))
6. We are all shocked, shocked [sarcasm] that Bernanke responded to the experiment by choosing to protect the BHC at the expense of the public.

Karl Denninger writes:

So let’s see what we have here.

Bank customer initiates a swap position with Bank. In doing so they intentionally accept the credit risk of the institution they trade with.

Later they get antsy about perhaps not getting paid. Bank then shifts that risk to a place where people who deposited their money and had no part of this transaction wind up backstopping it.

This effectively makes the depositor the “guarantor” of the swap ex-post-facto.

That the regulators are allowing this is an outrage.

If you’re a Bank of America customer and continue to be one you deserve whatever you get down the line, whether it comes in the form of higher fees and costs assessed upon you or something worse.

Stand Up to the Coup

Bank of America has repeatedly become insolvent due to fraud and risky bets, and repeatedly been bailed out by the government and American people. The government and banks are engineering an age of permanent bailouts for this insolvent, criminal bank (and the other too big to fails). Remember, this is the same bank that is refusing to let people close their accounts.

This is yet another joint effort by Washington and Wall Street to screw the American people, and to trample on the rule of law.

The American people will be stuck in nightmare of a never-ending depression (yes, we are currently in a depression) and fascism (or socialism, if you prefer that term) unless we stand up to the overly-powerful Fed and the too big to fail banks.

As Summer fades..........

This is my porch and all these flowers I grew from seed. I enjoyed gardening this year and would definitely do it again because the flowers are so pretty to look at, not to mention they make great close up photographs. The pretty white, purple and pink Cosmos flowers got so tall I was worried they might grow through the deck upstairs so I would not put them in containers again. They make great border plants perhaps along a fence in the back yard I imagine if you were designing a garden. The marigolds are lovely too and I think make a great transition flower from Summer to Fall because of their golden color. The honey bees and butterflies throughly enjoyed pollinating just about every single flower including my pansies. I did have a bird feeder but I had to stop that because this one little chipmunk kept stealing and hoarding the birdseed and would then rummage through my newly planted seeded pots to replant the seeds he had just pilfered. That disrupted the cilantro and mint I just planted so I had to put the birdseed away for the season which was a disappointment because I enjoy watching birds and they too are good for any garden.......
The one pepper plant I saved for a container which is convenient because you can bring it inside during the colder temps and still have a small harvest throughout the colder months. My other pepper plants are in the ground as are my tomatoes. How much longer will I continue to harvest fruit? That is the question. Hopefully the sun will come out of its sleep for the past 3 weeks and start to brighten this Northwestern Pennsylvania territory. It's like a dark foreboding cloud has been hanging out for weeks and just will not go away! But when and IF the sun comes out again my flowers on the porch will be perfect for those much anticipated languid days of Fall!

THE SPEAKER OF THE HOUSE AND THE LIFE OF REILY!

MY NEW KITTY

Are we on the track to no where?

The collapse of the Euro zone, more and more very costly natural disasters and more stimulus for shovel ready jobs that are tantamount to shoveling poop in Lousianna for 7 cents an hour, more and more bankrupt federal agencies like the post office.

What do you think? Are we really headed in the RIGHT direction?

Priorities

There is only one relationship that matters, and that is your personal relationship to a personal Redeemer and Lord. Let everything else go, but maintain that at all cost, and God will fulfill His purpose through your life. (This includes meeting the needs of your heart.) One individual life may be of priceless value to God's purposes, and yours may be that life.

--Oswald Chambers (
1874-1917, prominent early twentieth century Scottish Protestant Christian minister and teacher, best known as the author of the widely-read devotional My Utmost for His Highest).

A little diversion on Women's Health.....so men will understand!

PMDD: Aggressive PMS Successor

For the most of doctors and patients PMDD is something like PMS squared. For diagnosing PMDD women has to experience at least five of the symptoms described below:

· Mood swings, frequent wish to cry

· The feel of apathy, sadness or hopelessness

· Increased irritability worsening relationships with people around

· Tenseness or anxiety with no reason

· The feel of losing control

· Shortage of energy

· The loss of interest to things and people that usually were interesting

· Appetite changes like intense desire to eat, overeating

· Problems with attention and its concentration, slow mental work

· Slumber problems: not getting enough sleep or excessive sleeping

· Physical disorders like headaches, pains in muscles and joints, swelling, breast tenderness, increase of weight, etc.

It is required to experience one of the first four symptoms to give a diagnosis of PMDD. As a rule these symptoms appear the week before periods and totally disappear in a couple of days after they start.

PMDD is very hard to stand, that is why doctors often prescribe the whole complex of medications for its treatment, including antidepressants, hormonal drugs, water pills, vitamins. Nowadays many kinds of birth control pills are used to treat PMDD, but Yaz was the first one that received FDA approval.

The most popular side effects caused by Yaz are headaches and pain in breasts.

What is PMS?

Premenstrual syndrome (PMS) is the name for a group of symptoms that some women experience up to 14 days before your period (menstruation). The symptoms usually stop soon after your period starts.

Most women feel some mild discomfort before their periods. But if you have PMS, you may feel so anxious, depressed or uncomfortable that you can't cope at home or at work. Some of the symptoms of PMS are listed in the box below. Your symptoms may be worse some months and better others.

Symptoms of PMS

Acne
Back pain
Bloated abdomen
Changes in appetite, including cravings for certain foods
Constipation
Crying spells
Depression
Fast heartbeat
Feeling irritable, tense or anxious
Feeling tired
Headache
Hot flashes
Joint pain
Mood swings
Not feeling as interested in sex
Tender and swollen breasts
Trouble concentrating
Trouble sleeping
Swollen hands or feet
Wanting to be alone
Weight gain

What causes PMS?

No one knows for sure what causes PMS. It seems to be linked in part to changes in hormone levels during the menstrual cycle. PMS is not caused by stress or psychological problems, although these may make the symptoms of PMS worse.

How is PMS diagnosed?

Your doctor will ask you to keep track of your symptoms on a calendar. If your symptoms follow the same pattern each month, you may have PMS.

Your doctor may want to examine you and do some tests to rule out other possible problems. He or she may also want to talk about your eating habits, exercise habits, your work and your family.

How is PMS treated?

There is no cure for PMS, but eating a healthy diet, exercising regularly and taking medicine may help. Your doctor will talk to you about whether you need to change your diet and exercise habits. He or she may also prescribe medicine for you, depending on what your symptoms are and how severe they are.

You may need to try more than one medicine to find the treatment that works best for you. Many medicines are available over-the-counter, but others require a doctor's prescription. Medicines that can be prescribed include diuretics, antidepressants and birth control pills. Other medicines for PMS are currently being studied.

What are diuretics?

Diuretics help your body get rid of extra sodium and fluid. They can ease bloating, weight gain, breast pain and abdominal pain. Diuretics usually are taken just before you would normally experience these symptoms in your menstrual cycle.

Do antidepressants help?

Antidepressants can help with the severe irritability, depression and anxiety that some women experience. These medicines are usually taken every day.

What about birth control pills?

Your doctor may talk to you about taking birth control pills (often just called "the pill") to help ease some of your PMS symptoms. Birth control pills help by evening out your hormone levels throughout your cycle. Some women's PMS symptoms get a lot better when they take birth control pills.
Some evidence suggests an advantage to this type of regimen. By continuously taking the pill, you prevent hormonal fluctuations that are responsible for bleeding, cramping, headaches and other discomforts associated with getting your period. Unscheduled bleeding and spotting often occur during the first few months. It typically goes away with continued use, but some women do continue to have unscheduled bleeding with continuous use of pills. However, the pill can also cause side effects of its own, and it doesn't help all women.


Real life stories as told by numerous women.......

PMS is the eternal “curse” of women, which makes us suffer virtually each month. The nature of this phenomenon has not been completely studied yet, but the symptoms are evident: few days before the cycle begins we face problems of psychological and physical nature. The worst thing is that perfect PMS medication has not been discovered yet. The thing is that PMS somewhat resembles the very nature of women – it is extremely unstable and each time it can show itself differently. In my case PMS is mostly connected with mood swings. Sometimes my head aches, sometimes it can be stomach pain, and at times the pain can be so intolerable, that it provokes nausea, apathy, and faintness. So what is the best way to fight it, and what PMS medication really works?

I have tried great many of things to get rid of pain. The first thing I started from was strong painkillers I had taken a couple of days before the cycle began. Those were traditional pills known to everyone since childhood, such as no-spa or baralgin, as well as more recent strong PMS medication. This is how I started to take Midol. In these pills combination of aspirin and caffeine helps to kill the pain, but it does not improve my mental condition. In order to get rid of mood swings, I took two medications: Sarafem and Vitamin B6. In the instruction it said that these PMS medications both killed pain and improved overall health. They did not help me to get rid of pain, but my disposition actually became more stable. However, in combination with Midol these medications really help.

Another good PMS medication is Yaz. Actually, Yaz is an oral contraceptive, but is so good at normalizing hormonal bursts, that it also helps to normalize menstrual cycle and reduce PMS symptoms.


“I’d always had PMS symptoms — from moderate to extreme over the years. From acne to mood swings, depression, low energy, very sore breasts, bloating and night sweats, I felt like a victim when it came to my hormones. Now, I feel balanced and comfortable, and truly, my periods sneak up on me sometimes.” — Brooke, Personal Program Member

Premenstrual syndrome, or PMS, is one of the most common manifestations of hormonal imbalance, affecting over half of all women. But as recently as the 1980’s PMS was hardly recognized by the medical profession.

Today, PMS is still often misunderstood and mistreated. Unfortunately, conventional medicine tends to emphasize treatment of PMS symptoms rather than the hormonal imbalance that is the true underlying cause.

This is also the case with premenstrual dysphoric disorder (PMDD), which is a relatively new diagnosis used to describe the most severe cases of PMS. Conventional doctors often treat PMDD with birth control pills or antidepressants that mask the symptoms, without ever asking why the woman feels so awful in the first place.

Is it perimenopause?

PMS can affect any woman who is having menstrual periods — from her first period onward. While it generally appears in adulthood, many teens today also suffer. If PMS or PMDD first occurs or significantly worsens in your 40’s, it could be an early signal you are entering perimenopause. Unless the underlying imbalance is addressed, women who experience PMS earlier in life may be more predisposed to have a difficult perimenopause.

Not surprisingly, the symptoms of PMS and PMDD are quite similar to those of perimenopause: bloating, irritability, mood swings, lethargy, food cravings, headaches, and much more. One of the most common symptoms associated with PMS is dysmenorrhea, or menstrual cramping.

Each woman tends to follow a pattern of symptom development and relief that is consistent from cycle to cycle. For some women, however, there is a tendency for PMS to worsen over time, sometimes reaching the point where they are symptom-free for only a few days a month or developing into PMDD. Fortunately, most women can alleviate even severe PMS with the proper steps.

BIRDS OF THE SAME FEATHER FLOCK TOGETHER!

I am going to take you through the personnel of the Obama administration that 'he' appointed after his election in late 2008 to give you an idea of how the very few dictate to the very many via the Rothschild networks.

Remember as we go through the names that only 1.7% of the population of the United States is Jewish and significant numbers of those will not be Rothschild Zionists.


Obama appointed Rahm Emanuel (Rothschild Zionist) to be his White House Chief of Staff (handler). Emanuel, who has served in the Israeli army, is the son of a former operative with the Irgun terrorist group that helped to bomb Israel into existence in 1948 and cause some 800,000 Palestinians to flee their homeland in terror.

(Many Israelis connected to the Rothschild networks were sent to the United States after the State of Israel was established to specifically produce children who would be American-born citizens to infiltrate the US government system in the following generations.)


Obama's White House Senior Advisor (handler) is David Axelrod (Rothschild Zionist), a close associate of Emanuel and the man who ran Obama's 'change you can believe in' election campaigns against Hillary Clinton and John McCain.

Axelrod now oversees the words on the teleprompter screens to which Obama is welded for even the most minor announcement. Axelrod, like Emanuel, is the product of the Rothschild Zionist 'political' Mafia that controls Chicago where Rahm Emanuel is now running for mayor.

One of Obama's chief funders and controllers is the Rothschild Zionist agent, George Soros, the multi-billionaire financial speculator and manipulator of countries, not least in the former Soviet Union.


Obama appointed a stream of Rothschild Zionist 'advisors' and 'czars' in various subject areas, including infamous Rothschild Zionist agent, Henry Kissinger, and one, Cass Sunstein, 'Administrator of the White House Office of Information and Regulatory Affairs', has called for 'conspiracy theories' to either be banned or taxed.

This is another Rothschild goal - to ban any view or research that exposes the Rothschild agenda.

Sunstein (Rothschild Zionist) says the opinion that 'global warming' is a manipulated hoax could be an example of what should be banned or taxed (see banned), and so how appropriate that Obama appointed Carol Browner (Rothschild Zionist) and Todd Stern (Rothschild Zionist) to take charge of his 'global warming'/'climate change' policies.


Rothschild Zionists Browner and Stern - on message.

And so to the economy ...

The key economic post in the United States is the head, or chairman, of the Federal Reserve, the privately-owned and Rothschild-controlled cartel of banks that hilariously call themselves collectively the 'central bank of America'.

A national central bank should be answerable to the people, otherwise it's just another private bank lending the government 'money' which the population has to repay, plus interest.

The latter describes the US Federal Reserve, which, as the saying goes, is no more Federal than the Rothschild-controlled Federal Express. The 'Fed' prints money for literally cents on the dollar and then 'lends' it to the government at interest and for profit.

What a great scam if you can get away with it and because the Rothschild networks control the government and media as well as the Federal Reserve banks - they have.


We can pick up the 'Fed' story with the appointment of Paul Adolph Volcker to head the Fed during the presidencies of Jimmy Carter and Ronald Reagan (in truth George Bush senior).

Volcker was a former vice president and director of planning with the Rockefeller (Rothschild)-controlled Chase Manhattan Bank and left the Fed in 1987 to become chairman of the New York investment banking firm, J. Rothschild, Wolfensohn & Co., run by James D. Wolfensohn (Rothschild Zionist), who later became president of the World Bank.

Next in line at the Federal Reserve was 'Mr Big', Alan Greenspan (Rothschild Zionist), a practising Satanist according to some who say they have attended rituals with him.


Greenspan was 'appointed' by President Reagan (presidents don't 'appoint' Fed chiefs, they are told who it is going to be) and he remained head of the Fed and thus American economic policy through all the Clinton years and most of Boy Bush before stepping down in early 2006.

In that time he oversaw the systematic dismantling of financial regulation that allowed greed and corruption to run riot and in the same period that vicious and despicable duo, Tony Blair and his Chancellor and later successor, Gordon Brown, were doing the same in Britain.

Greenspan received unquestioning support for this policy from Bill Clinton's Treasury Secretaries, Robert E. Rubin (Rothschild Zionist), former co-chairman of the Rothschild-controlled Goldman Sachs, and Larry Summers (Rothschild Zionist), former Chief Economist at the World Bank.

Bill Clinton's Special Assistant to the President for Economic Policy in this same period and Senior Economist and Senior Adviser on the Council of Economic Advisers during the Clinton administration was Peter Orszag (Rothschild Zionist).

Another Greenspan supporter of deregulation was Timothy Geithner (Rothschild Zionist), the President of the Federal Reserve Bank of New York, the most powerful in the Federal Reserve cartel.

Without the collective demolition of financial checks and balances by this cabal of Rothschild Zionists there would not have been the crash of September 2008 with its catastrophic consequences for billions worldwide.

But when Barack Obama became US President a few months later, who was in the 'economic team' that he 'appointed' to 'sort out the mess'? Er, the very ones who created it and it was all done from a White House controlled by Rahm Emanuel (Rothschild Zionist) and David Axelrod (Rothschild Zionist).


Geithner speaks: 'I don't know where the money's gone - who cares?'

Obama made Timothy Geithner (Rothschild Zionist) his Treasury Secretary - Obama's mother worked for Geithner's father, Peter F. Geithner (Rothschild Zionist), the director of the Asia programme at the Ford Foundation in New York.

Larry Summers (Rothschild Zionist) was appointed director of the White House National Economic Council, and Paul Adolph Volcker, business partner of the Rothschilds, was made Chairman of the Economic Recovery Advisory Board.

The gang that trashed the town was now back in town to trash it even more and you'll never guess ... they decided that the only way to save an economy brought to its knees by their collective actions and the banking system they represent was to, well, no, surely not ... hand trillions of taxpayer-borrowed dollars to the Rothschild-controlled banks and insurance companies like CitiGroup (advised to disaster by Rothschild Zionist Robert E. Rubin, see above), J. P. Morgan, AIG and a long list of others.

Overseeing this and all other American government spending was Obama's Budget Director, the already-mentioned, Peter Orszag (Rothschild Zionist), who worked closely with Rahm Emanuel (Rothschild Zionist) to impose the North American Free Trade Agreement (NAFTA) which has devastated American industry in line with Rothschild policy.


Summers, Orszag and Geithner: used car anyone?

Summers resigned in late 2010 and at the time of writing the favourites to replace him are Roger Altman (Rothschild Zionist) and Gene Sperling (Rothschild Zionist).

Peter Orszag was the founder and president of the economic consultancy firm which advised the Central Bank of Iceland in the period before it went bankrupt and he advised the Russian Ministry of Finance when the country's resource assets were being given to Rothschild Zionist oligarchs like Chelsea football club owner, Roman Abramovich, who became instant billionaires.

Orszag resigned as Budget Director in July this year with his job done, but, no matter, Obama announced that Jacob Lew (Rothschild Zionist), an under-secretary of state to Hillary Clinton, would take over and resume the same post he held under Bill Clinton.

By the time the brown stuff hit the spinning wheel in September 2008, Alan Greenspan (Rothschild Zionist) had stepped down from the Fed before the crash he knew was coming. But, once again, no matter. He was replaced by Bernard Bernanke (Rothschild Zionist) who printed even more money (at interest to the taxpayer) to hand to his Rothschild Zionist mates in Wall Street.

Meanwhile, Treasury Secretary Timothy Geithner (Rothschild Zionist), who has been centrally involved in handing trillions of dollars of public money to his banking associates with no strings attached, asked the opinion of a private international Rothschild Zionist 'law firm' called Squire, Sanders & Dempsey to see if American states could, as some requested, legally use bail-out money or TARP - the Troubled Asset Relief Program - to support the legal bills of people trying to protect their homes from foreclosure by the bailed out banking system.

The privately-owned Rothschild Zionist Squire, Sanders & Dempsey said 'no' and so Timothy Geithner (Rothschild Zionist) said the money could not be used to protect the public who had bailed out the banks from foreclosure by those same banks.


David Millstone, a very active Rothschild Zionist, partner at Squire, Sanders & Dempsey and regional chairman of the Anti-Defamation League's international affairs committee. His firm says that public money can go to the Rothschild Zionist banks, but not to the innocent victims of the banks.

And while all this has been going on, these have been the heads of the major international financial institutions with the power to impose global economic policies:



The President of the World Bank is Robert Zoellick (Rothschild Zionist), a big-time Boy Bush administration insider who was a fervent advocate of invading Iraq long before even 9/11. Zoellick took over at the World Bank from the disgraced Paul Wolfowitz (Rothschild Zionist), another orchestrator of the Iraq invasion as Deputy Defence Secretary.



The Managing Director of the International Monetary Fund (IMF) is Dominique Strauss-Kahn (Rothschild Zionist), the French politician who is expected to run to replace President Nicolas Sarkozy (Rothschild Zionist) at the next election.


The head of the European Central Bank (ECB) is Jean-Claude Trichet (Rothschild Zionist), another Frenchman who took over in 2003 following his acquittal in a trial over 'financial irregularities' at Crédit Lyonnais, one of France's biggest banks.

Anyone think, given these facts, that the Rothschilds could control global finance and could possibly, oh just a little bit, have orchestrated the crash of 2008 and what has followed??

At the heart of the 'bail out' of Ireland (the bail out of Irish banks and the elite investors, like the Rothschilds, by the people of Ireland) were Jean-Claude Trichet (Rothschild Zionist) at the European Central Bank and Dominique Strauss-Kahn (Rothschild Zionist) at the IMF.

And the banks that caused the crash to which the Rothschild Zionists in power are 'responding' for their benefit are also invariably controlled, directly or ultimately, by Rothschild Zionists.

These include Goldman Sachs headed by Lloyd Blankfein (Rothschild Zionist) and created by Rothschild Zionists Marcus Goldman and Samuel Sachs who came, like so many of these people, from families that settled in America from the country where the name Rothschild originated - Germany.

Even more specifically, the German region of Bavaria comes up again and again - the home of the infamous Bavarian Illuminati of Adam Weishaupt (who today I would be call a Rothschild Zionist). The Pope and Henry Kissinger are just two examples of 'born in Bavaria'.

Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration.

Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.


The symmetry is called Rothschild Zionism

They have the whole thing stitched up because the Rothschild Zionist secret society network have their agents in governments, the banking system, including the international institutions like the IMF, and control the reporting of their activities through ownership of the mainstream media.

As a result, if it is happening economically and politically, it's because the Rothschilds want it that way - be it in banking, stock markets, commodity markets, currency valuation, the price of gold, the lot.

The world of finance is dictated by 'investor confidence' and who controls that? Those who have the power to control the media, government and central bank financial statements and have the financial resources to move trillions around the financial markets every day. In other words, the Rothschilds and their lackeys.

Rothschild Zionism is an elite secret society at its rotten core and the people I am naming here and so many more are not agents of Jewish people as a whole, but agents of the secret society that has mercilessly manipulated the Jewish population for centuries to advance its goals.



Written by David Ike. Although I do not agree with his spiritual guidance. this I do firmly agree with.

Can you imagine the Department of Justice investigating S&P's downgrade of America's debt? If that isn't the pot calling the kettle black. The corruption in the Justice Department is unbelievable and we are expecting a moral code from them? It seems anyone who criticizes the White House and it's current policies are immediately discredited at best or threatened with Nazi style tactics at worse. Now Moody's and Fitch are afraid to mess with America's credit rating. Anyone who has studied the history of the Third Reich would know that Hitler ruled the masses through fear and intimidation and propaganda and he manipulated his "inner circle" by pitting one against the other in order to maintain his power. If anyone had ANY objections to the Nazi ideology and the Third Reich, they were either interrogated by the Gestapo or shipped to a concentration camp for re-education.

Just recently Texas Gov. Rick Perry presented legislation calling the TSA's pat-downs a violation of our civil rights. The Justice Department responded with threats of a no-fly zone over Texas which would threaten the economy in Texas. How is this possible? Is this not manipulation? Is this not mind control? Is this not Nazi style tactics? Of course it is.

The American people have a RIGHT to their own opinions and they have a RIGHT to express their views, they have a RIGHT to audit the Fed, and they have a RIGHT to criticize the current policies without contempt from the people at the "top" and/or Nazi style tactics to force people into submission.

And recalling the idea of auditing the Fed, when Alan Greenspan was on Meet the Press, he was asked would the US ever default? And he responding by saying.......No, because we will just print more money. I wonder how many American people wish they could say that as they defaulted on their credit card payments, car loans, and home mortgages? How is it legal for the Fed to print monopoly money when the rest of us are forced to default on credit cards, mortgages, and car loans because we are essentially out of money, aka bankrupt? Does not our credit score take a BIG hit, as if our only worth as a human being was determined by our credit score?

When Hank Paulsen pleaded before Congress to approve billions of dollars of bail-out money to the banks.......I think he deserved an Oscar for his performance! The deceit and chicanery is amazing and even more amazing is how so many people believe it to be truth. Unfortunately, ANY voice of common sense, truth and discernment is silenced (like Lou Dobbs) from major media networks, while they continue to feed us a steady stream of Utopian propaganda!

Ship em' all to the Eastern front!

Yes, that is what happened to a German if he found himself on bad terms with the Third Reich. Yet this is what we should do to the very people who engineered this economic crisis and have made the economy worse. Printing money, bailing out the banks, keeping interest rates so low, free trade, globalization, and tax subsidies to the multi-nationals have not improved our GDP figures and never will.

Question. How on earth do the "experts" expect economic growth when we hardly produce anything domestically? Everything is practically outsourced including jobs and yet they keep talking about an economic recovery! It is a joke. They will not, I repeat will not, address the very problems that are have stifled any chance of economic growth. They will not address these problems because it is too late. Free trade, globalization, astronomical debt have all but destroyed this once great nation and now not only is America holding on by a thread of God's grace, but the whole world is too. There will not be significant domestic growth with debt that is equal to the GDP. The only reason why we had some prosperity back in 2004-2005 was because credit fueled it. But credit is not real growth, it is just a bubble and like the housing market, it will eventually burst.

Americans should not be surprised by S&P's downgrade. We were expecting this. And it will continue to get worse. You might see a few glimmers of hope that will rally the DOW but it will be short lived. I said before America no longer has the "biggest balls", you know because everyone wants to be top dog. No nation has the biggest balls with the biggest debt.......that is for sure. And it certainly appears that the whole world is drowning in sovereign debt. Italy, Spain, Ireland, Greece, Portugal, even the British are having debt problems and they are not tied into the Euro. Credit markets will continue to tighten and you will see more and more sovereign default and more and more bail-outs and bond buying. Credit default swaps will rise sharply and gold will reach record/historic highs that will make you poop your pants!

But it is business as usual and your "noble" leaders will continue to reassure you that all is well on the "eastern front" as not to cause a panic, meanwhile the whole world is falling like dominos and things continue to get worse.

Pretty Pics that I took.....