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NYC Mayor Bloomberg spending millions on political ads as ‘counterweight’ to NRA

"NRA spokesperson Andrew Arulanandam said the group had 'billions of reasons' to take Bloomberg’s efforts seriously, making reference to his estimated net worth, but criticized his efforts in the wake of superstorm Sandy, which has left millions of Bloomberg’s constituents without power. 'The message that he’s sending is he’s so obsessed with banning guns that he’s trying to influence federal and state races from Pennsylvania to Florida to California instead of helping the victims of Hurricane Sandy,' Arulanandam said." Continue reading →

Continue ReadingNYC Mayor Bloomberg spending millions on political ads as ‘counterweight’ to NRA

Bernard von NotHaus: ‘Rosa Parks’ of the Dollar

"He was convicted more than a year and a half ago of 'counterfeiting,' because he issued silver coins, which he called 'Liberty dollars,' and sold them at a price much lower than they would command in United States currency [today]. The case throws into sharp relief an astonishing irony — that a man who issued money that has sharply appreciated in value is facing the rest of his life in prison while the officials who issue the official Federal Reserve Notes, the value of which has in four years plunged in half, to less than a 1,750th of an ounce of gold, are walking around free." Continue reading →

Continue ReadingBernard von NotHaus: ‘Rosa Parks’ of the Dollar

Soros Ex-Wife Lists Apartment for $50 Million

"Susan Weber Soros, the former wife of the billionaire financier and philanthropist George Soros, has listed her elegantly appointed 10-room apartment at the Majestic, the soaring dual-towered Art Deco co-op at 115 Central Park West, for $50 million. It is being offered fully furnished — Ms. Soros is downsizing and making a clean break — and the price includes a separate one-bedroom one-bath unit for staff. Ms. Soros bought the apartment for $25 million in an under-the-radar transaction in 2006, a year after her two-decade marriage to Mr. Soros ended in divorce." Continue reading →

Continue ReadingSoros Ex-Wife Lists Apartment for $50 Million

A Chance to Live Like a Soros

"Andrea Soros Colombel and her husband, Eric Colombel, have put their Greenwich Village townhouse at 10 W. 10th St. on the market for $29.5 million. The fully renovated, seven-bedroom home is a four-story Greek revival-style townhouse that dates back to 1844. It comes with an elevator, three wood-burning fireplaces and a state-of-the-art sound system." Continue reading →

Continue ReadingA Chance to Live Like a Soros

What Atlantic Magazine Forgot to Tell You About Mayor Bloomberg

"What the profile doesn't tell you is that at the time, Bloomberg was able to provide the 'inside quote' at which the Fed's chosen Primary Dealers traded with the Fed. This quote was of utmost importance to traders at the time, especially bond traders. They needed Bloomberg's access to this inside quote to understand what the Fed was doing (The Fed didn't announce interest rate targets at the time). It remains to this day unclear why Bloomberg was allowed to provide the inside quote on his machines, when others were denied the ability to do so. I know this for a fact, since I was at the time a consultant to a major firm that was denied the right to publish the quote." Continue reading →

Continue ReadingWhat Atlantic Magazine Forgot to Tell You About Mayor Bloomberg

Sheila Bair’s Bailout Blame Game

"During the summer of 2011 Sheila Bair stepped down as chairman of the FDIC and set herself to work on a tell-all book on the financial crisis. Bair’s book, Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself, was released in late September. As part of the promotion of the book she had an interview with The Wall Street Journal during which, consistent with her public reputation, she confided that she 'hates bailouts.' However, a careful study of board minutes, supporting memos, and transcripts of FDIC board meetings during the crisis reveals a different reality." Continue reading →

Continue ReadingSheila Bair’s Bailout Blame Game

Disinformation and the CIA

"The ten-page Makhov article is probably the most detailed and comprehensive description of CIA and its works in the open Soviet literature. It includes a biography of the evil genius Dulles himself, stressing his Wall Street background and his status as an agent for the monopolists in all foreign and military affairs from insuring the domination of U.S. capital abroad to establishing naval strength ratios. It affirms, on the basis of captured Nazi Foreign Ministry documents and other evidence, that his chief wartime mission in Switzerland was to see to the preservation of German economic and military might as a bulwark against the USSR." Continue reading →

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Revisiting The ’87 Crash

"The key is to pay attention to the Fed. Volcker put the Fed into inflation mode, and big-spending Reagan only helped the inflationary cause throughout the 80's. Fast forward to 1987, and in comes 'The Maestro' Alan Greenspan as Fed Chairman. Within weeks of his taking over, the Greenspan Fed began tightening credit to stem the Volcker inflation that began with the Mexican bailout in 1982. Now, those who understand the Austrian Business Cycle Theory, know what happens once interest rates start to rise after a long period of double-digit monetary expansion. In 1987 it was a steep decline." Continue reading →

Continue ReadingRevisiting The ’87 Crash

Romney Family Investment Ties To Voting Machine Company That Could Decide The Election Causing Concern

"While I am not suggesting conspiracies or that anyone would get involved in any foul play here, how is it possible that so many people could exercise so much bad judgment? Keith Olbermann was suspended from his job at MSNBC for donating a couple hundred bucks to a local candidate that was a friend of his, because his employer required that journalists at the network stay free of having given such contributions to any candidate for all the obvious reasons. Is it really too much to ask that those who control the voting machines that record and count the votes of our elections be held to at least the same standard?" Continue reading →

Continue ReadingRomney Family Investment Ties To Voting Machine Company That Could Decide The Election Causing Concern

Glenn Greenwald: The lame rules for presidential debates: a perfect microcosm of US democracy

"All views that reside outside the narrow confines of the two parties are rigidly excluded. Anyone who might challenge or subvert the two-party duopoly is rendered invisible. Lobbyists who enrich themselves by peddling their influence run everything behind the scenes. Corporations pay for the process, which they exploit and is then run to bolster rather than threaten their interests. The media's role is to keep the discourse as restrictive and unthreatening as possible while peddling the delusion that it's all vibrant and free and independent and unrestrained. To understand the US political process, one can just look to how these sham debates are organized and how they function." Continue reading →

Continue ReadingGlenn Greenwald: The lame rules for presidential debates: a perfect microcosm of US democracy