Monthly Archives: January 2013

Buffett Says Banks Free of Excess, Pose No U.S. Threat

"Warren Buffett, the billionaire investor who oversees stakes in some of the largest U.S. banks, said the nation’s lenders have rebuilt capital to the point where they no longer pose a threat to the economy. Buffett’s firm has investments in at least four of the seven biggest U.S. lenders by assets, including a stake of more than $14 billion in San Francisco-based Wells Fargo & Co. (WFC), $5 billion in Bank of America and warrants that allow it to buy $5 billion of Goldman Sachs Group Inc. shares. Berkshire also has a holding in U.S. Bancorp." Continue reading →

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What’s Inside America’s Banks?

"Some four years after the 2008 financial crisis, public trust in banks is as low as ever. Sophisticated investors describe big banks as 'black boxes' that may still be concealing enormous risks—the sort that could again take down the economy. A close investigation of a supposedly conservative bank’s financial records uncovers the reason for these fears—and points the way toward urgent reforms." Continue reading →

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Secrets and Lies of the Bailout

"It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it." Continue reading →

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Billions in Afghan aid could be wasted: U.S. inspector

"Billions of dollars in American assistance to Afghanistan could ultimately go to waste without better planning and security in the war-torn nation, a US investigator said Thursday. Despite US commanders’ talk of progress in Afghanistan, Sopko said that it was becoming more difficult for inspectors to head into the field to ascertain that US money was being well spent. Sopko accused both the Pentagon and the US Agency for International Development of lacking long-range plans on where and why they were building projects and of often failing to ensure quality standards." Continue reading →

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Petition Launched Calling for Audit of US Gold Supply

"Perform an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net of swaps, loans & sales. As of 12/31/2012 the US Treasury claims to hold 261 million ounces of gold at Denver, Fort Knox, West Point and at the Federal Reserve Bank of New York. This bullion was last subjected to a full physical audit in 1953. The gold bars need to be assayed and weighed. Once the gold is verified the paper trail must be audited to determine who really owns the gold; i.e. how much has been loaned to bankers and dealers and sold or swapped to non-Treasury entities including foreign governments." Continue reading →

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Catherine Austin Fitts: Coming Clean Beyond the Fiscal Cliff

"Here are the most significant challenges we must address to put our federal fiscal house in order. Each includes a brief description. Click on the link that follows for more discussion of the particular challenge, including examples and stories from my experience as well as other recommended references." Continue reading →

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Judge Jeanine Pirro, outed as a gun owner in the NY area, nails the Journal News

Showing all the armed security the Journal News hired to protect their business and their OWN homes, Pirro highlights the rampant liberal hypocrisy: Also check Pirro out yesterday on Hannity, as he brought in a group of gun owners who were similarly outed by the Journal News. The Journal News had no problem with dumping the [...]

Continue ReadingJudge Jeanine Pirro, outed as a gun owner in the NY area, nails the Journal News

The Trillion Dollar Coin Is a Great Idea!

"Today, unlike in the past, over 150 central banks print money recklessly. The Federal Reserve is surely the worst offender because of the dollar's reserve status. Because nations need dollars to buy oil, officials around the world need to hold dollars. The US can print massively without feeling the immediate result from price inflation. Of course, price inflation happens – and is happening. More is yet to come because US officials have been so reckless. That's why I think the trillion dollar coin idea is a good one. It illustrates the insanity of the modern money system where people accept bits of paper as money simply because they've been printed by the government." Continue reading →

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