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Get Ready For Bank Runs

March 28, 2013 by  

 

The media was wrong in pronouncing the economic crisis over in Europe. They are wrong in America, too. The real economic indicators — the ones not based on fraud, propaganda, deception or delusion — prove that the economic crisis caused by too much government, too much spending, too much taxing, too many government regulations and too many government employees with obscene salaries and pensions is just beginning.

Get ready for bank runs, capital controls, theft of your pension funds, economic collapse and a government armed to the teeth that wants to disarm you: its citizens. Because what is happening now in Europe is a sign of things to come under Barack Obama.

The media has told us for months that “everything is fine in Europe, a recovery is under way, the worst is over.” Really? How’s that working out for you? The economic crisis and contagion in Europe that was supposedly “under control” are now spiraling out of control. There is desperation in the air. Fear and panic are everywhere.

Think I’m exaggerating? Well, don’t take my word for it. A major bank executive stated publicly last week: “Only Jesus can save the EU now.”

Bank runs might be a sign that things are deteriorating, don’t you think? Well, they started in Cyprus last week as it became clear that Cyprus was bankrupt, insolvent and out of options.

Just as I’ve predicted in dozens of commentaries over the past three years, a historic economic collapse is under way in the EU. The media and world leaders denied it, but it’s getting worse by the day. Do you think this can’t happen in the United States under Obama? Think again.

Over the past three years in Europe we’ve heard political and leaders and economic experts recite the same lies over and over again: telling us to relax, government is smarter than you and we have it all under control. Recognize that theme? It’s the same theme we hear daily from Obama, his socialist lackeys and the Obama-adoring media here in the U.S. It’s how you keep the masses calm and prevent unrest, rioting and bank runs.

Well, the Cyprus crisis proves that the worst isn’t over; it’s actually just beginning.

More importantly, you need to understand how the EU “solved” the Cyprus crisis: by stealing the money out of the citizens’ personal bank accounts. The final decision is in. EU authorities are freezing any funds above 100,000 euros in personal bank accounts and stealing up to 40 percent to pay for the bailout.

But worst of all, this is now the model for what’s to come all around the globe. It was announced just yesterday that this is exactly how the EU will bail out Italy, Spain and France, too: by stealing money directly out of citizens’ bank accounts.

Well, I have news for the EU’s financial geniuses. They haven’t solved anything. This news will start a banking crisis. The falling dominoes will now accelerate. Tell me what sane citizen would keep more than 100,000 euros in his accounts any longer? Which means, starting at this moment, the wealthy of Europe are removing all their money from their bank accounts. And if no one has more than 100,000 euros in their bank accounts anymore, then the only choice for the next bailout will be raiding smaller bank accounts of average citizens — which was the original plan anyway.

Guess what this does to the EU banking system? There will be panic, uncertainty and loss of confidence. Your money is certainly no longer safe in a bank account. Guess how the first Great Depression started? Exactly how this one is starting: with bank runs and loss of confidence in the banking system. And if bank runs spread throughout Europe, you can be sure the United States is next, as American bank account holders realize that our money is no longer safe from theft by government in a crisis.

The Signs Of An EU Economic Collapse Are Everywhere

While the EU seizes bank accounts from citizens in Cyprus, Spain has already stolen the pensions of its citizens.

Formerly respectable professionals in Spain and Greece are eating out of dumpsters.

In Bulgaria citizens are so desperate they are setting themselves on fire.

In Greece there is no money to heat homes, forcing desperate residents go out into the night to cut down trees in parks and national forests to use as firewood.

We recently found out that Italy’s economic situation may be even worse off than pathetic, completely bankrupt Portugal.

In Italy buses return to the station because there is no money to pay for gasoline.

The Jobs Minister of France publicly slipped and called the country “completely bankrupt.”

Why is this not front-page news in the United States? Because the Obama-adoring media doesn’t want you to make the connection that Obama’s policies mirror the exact same policies that destroyed the EU: big government, big debt, big spending, big taxes, big unions, big pensions, big entitlements, early retirement, free healthcare, green energy and high-speed rail.

The EU is the canary in the coal mine. Europe’s economic collapse proves that if everyone actually believes they deserve something for “nothing,” and everyone either works for government or gets checks from government, and everyone thinks it is their right to have free healthcare, eventually the economy collapses and the country (or in this case, the continent) goes kaput. Eventually, everyone lives in shared misery and malaise.

We will be reading about this disaster in the history books decades from now, shaking our heads, saying: “How could we have been this stupid to think that government had the answer or that government was too big to fail or that there was such a thing as a free lunch?”

Now to put this all in perspective, the EU is America’s No. 1 trade partner, meaning our best customer is about to go broke. That’s just another hit on our economy. Secondly, the EU banking system will require a massive, record-setting bailout. Guess who will be on the hook to give them trillions of taxpayer dollars? The United States. And third, the EU economic plan that led to this disaster is nothing more than the Obama economic plan. They are mirror images. The EU just started a couple of decades sooner with its financial suicide.

Up next: America. Because what happens in Europe doesn’t stay in Europe. It’s just a sneak peak at our future under Obama. Get ready for the bank runs. Get ready for a crisis that makes 2008 look like a walk in the park. I’m Wayne Allyn Root for PersonalLiberty. See you next week right back here. And may God bless America — because we will need all the help we can get!

Wayne Allyn Root

Wayne Allyn Root is one of America's leading Libertarian-conservative authors. Wayne's new book is The Murder of the Middle Class Wayne is a Capitalist Evangelist, serial entrepreneur, conservative media commentator, and proud champion of the middle class. He is a former Libertarian vice presidential nominee and Fox News regular. Follow Wayne on Twitter and visit Wayne's web site: www.ROOTforAmerica.com

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  • Flashy

    “The media has told us for months that “everything is fine in Europe, a recovery is under way, the worst is over.”” LOL…pray tell, what comic books were you reading Mr. “Romney in a Landslide” Root? I did a quick scan of my readings…The Economist, Barron’s, Forbes, the WSJ, the NYT, Washngton Post, Business News, Chamber of Commerce articles, articles from the AEI and various economic think tanks …. nope…none said anything what you suscribe. Did you make it up?

    As to the Euro crisis, anyone with half a brain and some semblance of scienter knows the path Europe decided on back in 2007-08 was one directly opposite of that pushed and implemented by this administration. Europe decided on government austerity, tax relief for Big Business, and decreasing social seervices. Exactly what Japan followed in creating what is now known as Japan’s “Lost Decade”.

    Where we have had modest recovery, coming out of the freefall brought by the policies of the the conservatives during 2001-08, Europe remains staggering and in turmoil suffering triple recessions, high unemployment, declining GDP, social tensions and strife, and a continued bank crisis.

    THAT is the reality Mr. Root, numbers even a bookie shold be able to understand.

    • FreedomFighter

      A little reality check
      http://www.youtube.com/watch?v=N5Up-k4Lho8&feature=related

      Laus Deo
      Semper FI

    • Right Brain Thinker

      Flash has said it so well here that I won’t even attempt to do much more than say “ditto”. The problem was the foolish AUSTERITY kick that the Europeans embarked on rather than the (too small) stimulus path we followed.

      And the fools like Ryan are STILL trying to destroy the country with their demands for “cutting spending” when anyone with a brain knows that we should be INCREASING spending at all levels of government, particularly at the local and state, where the recession has hit so hard. Anyone with a brain also sees through their charade—-they are trying to destroy government—-as GROVER says, “shrink it in size until we can drown it in a bathtub”—-once that happens, the plutocracy and corporate oligarchy can complete the destruction of the middle class and finish building the corporate feudal state that is their goal.

      (PS Does anyone doubt that the Romneys of the world have got nearly every last penny hidden away where it can’t be touched if and when the banks collapse?)

      • tony newbill

        RBT this is really a dumb statement After watching a major Offshore banking concern take 40 % of accounts like Romney has !!!!!

        ” (PS Does anyone doubt that the Romneys of the world have got nearly every last penny hidden away where it can’t be touched if and when the banks collapse?)”

      • Right Brain Thinker

        Sounds interesting, tony , this “watching a major Offshore banking concern take 40 % of accounts like Romney has !!!!!” business.

        Tell us all about it, please!!!!! Which “major Offshore banking concern”? Links?

        • tony newbill

          RBT are you serious ?? Cyprus is a Offshore location

        • STEVE E.

          It’s not a question of “if” the collapse of the US economy is going to happen. It’s a question of “when” it’s going to happen. History shows that all countries collapse eventually. Anyone that knows history, knows that is true. We should be debating when the time of the collapse will happen, not if.

          • Capitalist at Birth

            Soon my friend. Not long after our continuing slide into moral depravity, not unlike ancient Greece and Rome. It began in the 1960′s and 1973 with our debasement of the sanctity of life and the, if it feels good do it culture. It has continued the slide increasing in its volume and speed with every gradual decline of our moral values. And yes, I am referring to the promoting and acceptance of abnormal sexual behavior. Mark my words.

      • Nan

        Spend more? And where do you think this money will come from? Your thinking is illogical.

      • Flashy

        Tony…I have a question for you. here, deposits are insured up to $100,000. After that, it’s a risk dependent upon the bank being financially sound and well run. Are you suggesting that all deposits should remain safe and secure? That would be a nationalization of the banking system…

        Are you suggesting that a “free market’ viewpoint on banking should be set aside? Most of those accounts are foreign investors seeking a tax haven. Most of those are Russian. non Cypriot investors. Cyprus went to the Russian government asking for funding. Russia said “nyet” knowing Russian mega millionaires were going to take a huge hit.

        The government of Cyprus isn’t taking the monies…the failure of the bank is causing those monies to be given to creditors and bond holders.

        you object?

        • tony newbill

          Yes this is directly connected to Obama extending the full faith and credit of the USA WITHOUT adequate supply expansion FOOL to the Federal Reserve who in turn backs the IMF who then Backs the ECB who then backs Banking firms like Cyprus so what this Confiscation of private capital accounts is is the collusion of Central Banks and Government to cover their shorts because the other international banks and central banks are not willing to extend credit so they are going after whats in front of them and You have described here what is known as Fascism !!!!!

      • Capitalist at Birth

        Who are all of these people with only half a brain that agree with you. Where did you study economics? Sears and Roebuck? Are you thinking with only your right brain, is that the problem?

      • Flashy

        Tony…interesting chain of thought. Serious. With the exception of “Yes this is directly connected to Obama extending the full faith and credit of the USA WITHOUT adequate supply expansion”…I can see it. I am unknowing that this Country has extended “full faith and credit” to the EU problem. Nor can I find any reference to.

        That being said, the connection and causal issues caused therein I can follow and see that point of view. I may not agree with it in toto, but we are nearer to agreement than you would think (in re: the chain of connections).

        As to the Central banks etc covering their shorts etc…heck, who would disagree with that? Of course they need to duck and cover…the austerity programs they are demanding causes the economic issues the entire Community is suffering from.

        Ironically, what it may do in the mid run is have EU goods and services a very attractive appeal for utilizing and for investment. They’re on the course to a massive economic screw up. And we’re in a nice position to take full advantage of the situation. With the exception of India, Asia isn’t positioned for a strong move. The BRICS nations may be ready for a pounce, but China is going to be a basket case soon..and they’ll leave a hole of instability which India will be busy capitalizing on.

        Europe is going to take years, and the bottom has yet to be hit. The question for business right now is…where to plan for five and ten years down the road? I’d be giving close looking at two places…the US and the eastern portions of Europe…Bosnia, Slovakia, the Czech, Poland. Both have attractions. Major portions of the EU will be offering a nice investment opportunity in recovering from the fiasco their policies have wrought. Educated work force, unionized for labor stability, trained, and a Western culture. The US will have stability, by then, the political scene will have hashed out and become predictable, the upper portions look to have ample water, trained and educated unionized work force, climate favorable, and a young labor force, intent on rebuilding infrastructure, deep water ports and upgraded facitilties leading to those ports, etc. Not even gonna touch the South. Any business looking for that to be a sound place for investment in five or ten years oughtta have their heads examined…

        • tony newbill

          Flashy this Blows your China theory all to smithereens , and by the way the ” C ” in BRICS is China and that alliance as long as they stay in agreement to end the dollar as their trade settlement currency means they ARE NOT BUYING US Treasuries and why the FEDERAL RESERVE IS , so how long do you think that goes on before we cannot access the Durables we desperately need to import from these same suppliers who we have de-industrialized our self reliant industrial manufacturing too and they use this against us by rejecting our dollars ???

          http://www.youtube.com/watch?feature=player_embedded&v=mE8hvfZsMLg

      • Right Brain Thinker

        I ask tony nbill to “Tell us all about it, please!!!!! Which “major Offshore banking concern”?

        And he responds, “RBT are you serious ?? Cyprus is a Offshore location”.

        Yeah, “offshore” is right if you’re talking about the shores of Turkey. I find it amusing that a country of maybe 800,000 and a bailout of around $13 billion somehow rates a “MAJOR”. Pretty small potatoes actually, and I’ll bet Romney and friends didn’t have much $$$$ there.

    • http://www.facebook.com/michael.shreve.94 Michael Shreve

      Wrongo!

    • Hedgehog

      Flashy, drink some coffee, and throw some cold water on your face! When you are fully awake, please tell me what the words “suscribe” and “scienter” mean. I presume they are typos, but what are they typos of? What were you trying to say?

      • Flashy

        HH..the first is a typo. the second…Scienter is a term that refers to intent or knowledge of wrongdoing.

      • http://gravatar.com/bychoosing WTS/JAYS

        Hedgehog, Flashy doesn’t need coffee or cold water splashed on his face. What Flashy needs is to have his mouth washed-out with soap…the bullsh*t this boy can shovel must certainly leave a foul taste in his mouth…phew, somebody open the windows!

    • http://gravatar.com/bychoosing WTS/JAYS

      Flashy: As to the Euro crisis, anyone with half a brain and some semblance of scienter knows the path Europe decided on back in 2007-08 was one directly opposite of that pushed and implemented by this administration. Europe decided on government austerity.

      So did we…of course we refer to it as “sequestration”. A “rose” by any other name, is still a rose…dumb dumb.

      Flashy: tax relief for Big Business…

      Obama talks about removing tax-breaks for “big-business”, but so far its just big-talk. He’s yet to do it…but of course he won’t. Obama knows which side of his bread is buttered. He ain’t no fool…lol!

      Flashy: and decreasing social seervices.

      President Barack Obama’s establishment by executive order of a bipartisan commission on deficits on Thursday is the latest step in his administration’s attack on health care and retirement programs upon which millions of Americans depend.

      The 18-member panel will propose measures to slash government spending on Medicare, Medicaid and Social Security. It will also consider a series of regressive taxes, including a consumption or value added tax, to force the working class to pay for the budget deficit. Its aim, according to the White House, will be to reduce the deficit from its current level of over 10 percent of gross domestic product to 3 percent by 2015.

      Flashy: Exactly what Japan followed in creating what is now known as Japan’s “Lost Decade”.

      Japan must have followed America’s lead?

  • tony newbill

    This Bank run will happen this Year!!!!

    When you read this about the Position the Federal Reserve is in it shows the interest rate trigger that will cause a vacuum on CASH in the USA and how that QE Liquidity they have Pumped into the economy will cause inflation once the crisis spreads in the EURO-ZONE forces those Investors to seek safe securities and equities will come int the US markets and this will inflate the prices causing the Federal to reverse the Interest rate to stop the flow of growth and inflation because of the Impact this will have on the Average US Citizen as their Income is stagnate or in decline from Obamacare and other taxing issues . http://money.msn.com/investing/europes-crisis-buys-time-for-fed?page=2

    • Mike

      Agree with your post Tony, just add the word “Hyper” in front of “inflation”. It won’t be like Grandpa’s inflation, it will be much worse. imo

      • tony newbill

        Obama poised to take over your private capital holdings ???
        http://www.youtube.com/watch?feature=player_embedded&v=qQO4MXbwNUU

      • tony newbill

        Triggers that will create the Hyper Inflation in the USA markets as this forces investors to Flee the EU . A Interest rate spike to slow the Inflation will then trigger the Default of the Federal Government !!!!!
        The ‘Currency War’ is in full swing
        http://rt.com/op-edge/currency-war-cyprus-business-798/

      • tony newbill

        There are so many moving parts right now that will impact the dollar value on goods in the USA . When the foreign security investors are defecting the dollar in international markets this makes our prices in the states higher and higher as we are forced to buy less foreign supply volumes due to less International investment in the dollar . This will reach a critical point where the Federal Reserve will stop QE printing and we will be forced to use existing cash and that’s when they come for your back accounts .
        Watch Out, World Bank: Here Comes the BRICS Bank
        http://www.cnbc.com/id/100596232
        This divide is very bad !!!!!!!!
        So Long, Yankees! China And Brazil Ditch US Dollar In Trade Deal Before BRICS Summit
        ht tp://www.ibtimes.com/so-long-yankees-china-brazil-ditch-us-dollar-trade-deal-brics-summit-1153415#

    • tony newbill

      More evidence on what will force investors out of the EU ….. The demand on equities in the USA will be the trigger as most will not buy the US Treasuries because they know its a Debt plagued market so they will flow into equities and Hyper Inflation will create the Interest rate spike that will cause the Federal Governments default . Think what a 5-6 % rise on 17 trillion will do , and what Juback says in his article the rates could be much higher than this !!!!! The Global Elite Are Very Clearly Telling Us That They Plan To Raid Our Bank Accounts
      http://theeconomiccollapseblog.com/archives/the-global-elite-are-very-clearly-telling-us-that-they-plan-to-raid-our-bank-accounts

    • nc

      Tony, with your assurance that there will be a bank run this year, I can hardly believe that I have lived in a two year period where a President has canceled the general elections, declared himself a dictator and we had the first bank run since the depression of the 1930s! AND TO THINK I READ IT ALL RIGHT HERE FROM THE LIKES OF YOU AND YOUR ILK!

      I MUST WRITE THIS DOWN SOMEWHERE! MY GRANDCHILDREN WILL NEVER BELIEVE I WAS SO UNLUCKY TO HAVE HAD TO LIVE THROUGH THIS! BUT WHO CAN DOUBT IT WHEN I HAVE YOU(?) AND WAYNE ALLEN ROOT(?) TO PROVE(?) IT!

      THANKS GUYS!!

  • Terry Bateman

    The only problem in Europe is the European Union and The Euro. Rather than
    collapse into anarchy under the Euro and the European Union, the southern
    European countries will leave the Euro and the European Union. The Euro will
    cease to exist, and they will all be individual independent countries with their own
    currencies. The United States Dollar will be the strongest currency in the world
    and will remain the world reserve currency. The United States will become the
    world’s largest gas and oil producer and exporter. The United States will become
    the world’s largest chemical, industrial, and manufacturing producer. It matters
    not who is in the White House. Horizontal oil and gas drilling and fracking, 3D
    Printing, cheap and plentiful natural gas are the three globe-changing megatrends
    propelling the United States to world dominion.

    • http://wildeyguns.com The Christian American

      What’s keeping America where it is and spreading is the old phrase “Might makes right”. Our military power holds the world at bay. Athens did it. Rome did it. The Nazis and communist almost did it. Because they couldn’t afford to colonize their world, they collapsed, like what’s happening to America.

      • Terry Bateman

        “Christian” American:

        Republican form of government and protestant religion is the secret of America’s power.
        Military strength is a result, not a cause, of America’s power. If we were “holding
        the world at bay” with military power, we would have bombed the first meeting of
        OPEC, liberated Cuba and North Korea, and colonized a few oil producing
        West African countries. Iraq would be state number 51 and Afghanistan would
        be state number 52.

  • http://personalliberty Alondra

    In Australia and Canada, policy-makers involved in the reforms said they were reading “the mood of the nation”. During the past decade this same mood has spread throughout the international community, with significant gun law reforms passed or proposed in dozens of parliaments.

    The gun control revolution has also reached the UN, where a process to reduce the proliferation and misuse of small arms kicked off in 2001. The UN process is developing global norms to regulate the world’s estimated 650 million guns and has produced an international agreement on the marking and tracing of weapons…

    If not for gun control, Hitler would not have been able to murder 21 million people … Even after 1938, the German gun laws were not prohibitory. They simply gave the government ENOUGH INFORMATION and enough discretion to ensure that victims inside Germany WOULD NOT BE ABLE TO FIGHT BACK.

    “Halbrook contends that the history of Germany might have been changed if more of its citizens had been armed, and if the right to bear arms had been enshrined it Germany’s culture and constitution. Halbrook points out that while resistance took place in many parts of occupied Europe, there was almost no resistance in Germany itself, because the Nazis had enjoyed years in which they could enforce the gun laws to ensure that no potential opponent of the regime had the means to resist.”

    “One never knows if one will need a fire extinguisher. Many people go their whole lives without needing to use a fire extinguisher … But if you don’t prepare to have a life-saving tool on hand during an unexpected emergency, then you and your family may not survive.”

    http://www.freerepublic.com/focus/f-news/1624168/posts
    PASS IT ON.

  • http://personalliberty Alondra

    Britains & Australian are Warning Americans: DO NOT GIVE UP Your Guns
    http://www.youtube.com/watch?v=JPy_ogsFqmc

  • Richard

    Whatever happened to the Obama bundler/embezzler Jon Corzine? Oh never mind Eric Holder put his case on the back,back burner to be forgotten about…

  • Charlie

    GALT,,,omanuel ,,,
    Where are you??? We need a solution to the American AND world money problems…. WAR gave some very good advise ,but, few solutions, shall WE make a run on American Banks and reduce our accounts to 1000FRN’s ??? OR cry OR Pray ? OR flush the toilet twice ??? Our best advise is,, Praise King Jesus for Salvation and Healing… Acts 2:38 is salvation…

    • http://www.silverpuppy.com Ode Coyote

      FDIC only has about 60 billion in member dues to insure trillions in deposits.
      If there is a run on the banks in the USA, the FED backs up FDIC with truckloads of paper. You will get your cash …and you can heat your home with it as it will probably have more BTU content than the oil you will be able to buy with it.
      The whole system [hole system ? ] is running on faith and inertia. The faith that you can dig a hole faster than you can fall into it [while wielding a rhetoric shovel in free fall ] and that inertia has no consequence when the immovable object is encountered. [ the bottom of the hole.]
      Somehow I don’t quite believe that ripping planks out of the hull faster and faster to build more and more bailout buckets will keep the ship above water…but at least it LOOKS LIKE something is being done.
      Stock market bull run? Horns and hooves, like more water faster will keep you dry. A positive return on nothing is still nothing.
      It’s hard to eat gold and silver, but numbers, positive only in relation to even more negative, pulled out of hats are even less nutritious.
      But then, no number below zero is real and relies purely on faith for its fanciful existence.

  • Jeremy Leochner

    With respect to Mr. Root I have serious doubts that Wall Street and Bank Executives engaging in Mortgage Fraud was caused by “too much government, too much spending, too much taxing, too many government regulations”. Actually I think it was caused by lack of government over sight rather than too much.

    As for Europe here is an interesting video you should watch: http://www.addictinginfo.org/2013/03/26/watch-bill-oreilly-get-smacked-down-by-economics-professor-video/

    And neither Obama or his “lackeys” are socialists.

    Here is the definition of socialism: http://www.merriam-webster.com/dictionary/socialism

    1
    : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
    2
    a : a system of society or group living in which there is no private property
    b : a system or condition of society in which the means of production are owned and controlled by the state
    3
    : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done
    See socialism defined for English-language learners »
    See socialism defined for kids »

    So far as I know neither Obama nor his people have supported getting rid of private property or where the state owns the means of production.

    And finally you mentioned the “Obama adoring media”. You wouldn’t think the media adores Obama if you watched Fox News the most popular news network. I will give you MSNBC. But beyond them I see little Obama adoring among the rest of the media.

  • Warrior

    Hold on there just one goshdarn minute. Dodd and Fwank and “pocohantas” straighten this all out. All the banks took their “stress tests” and passed with flying vibrant “jihad” colors. Wayne, are you asserting the banks didn’t get to “keep” their “doctors”? Oh Sweet Jesus, say it isn’t so!

  • Shirley

    I work for the State of Maryland and have for over 20 years. The last 5 years we have suffered consecutive furloughs. Health care rising, bills all rising, food cost rising and the list goes on. America used to be the land of opportunity has become the land of opression. My family has been suffering the last 5 years. God help us all.

  • http://malouisville.com Leroy

    You need a serious education about what led up to the collapse of Fannie Mae and Freddie Mac and what led up to the bank bail-outs. Not caused by the government??!! Better rethink that one.

  • Burke

    With all due respect…it’s called imminent domain and yes it is a land grab of private property created and used by govt.

  • OneGuess

    We have all read your cr@p before. Thanks for nothing, mutt.

  • Brad in TX

    Jeremy you have your head too high in the clouds my friend, you need to stop sniffing the liberal either and come down to reality. Our government. your life long love, is buying billions of bullets because this is true actual events taking place now and you idiot Obama lovers just think it’s spring and the flowers are blooming,while the birds are singing such beutiful songs. GOOD LUCK WITH THAT MORON!!!!

  • J-M

    Gee Jeremy where have you been? Did you know that FNMA A GOVERNMENT ENTITY own 90 percent of the mortgages in this country? The title to the property has been forever clouded by the government created entity called MERS. You do understand that this regime has “purchased” General Motors? Did you hear Maxine Waters (look it up, I don’t have time) talking about “nationalizing” oil producing companies? You do recognize that the so called “[un]Affordable Care Act” was a ploy to give government complete control over every aspect of our lives and legal access to our bank accounts don’t you? Every minute of our lives we are subject to government intrusion via electronic technology and surveillance. Our every move is regulated and controlled. These are not hallmarks of a free society now are they? How much more government control do you want and what will this kind of government be called? How much more of our earning is the government entitled to? All of it and give us an allowance? You want to argue semantics about “what is socialism?” while our country is morphing into some kind of tyrannanical control freak entity with no escape.

  • Mike

    With the exception of Fox News every channel goes along with this Obama cabal. MSNBC just happens to be the worst of the lot. When it comes to the Govt’s role in messing up the banks and real estate one simply needs to look at Clinton and Rahm Emmanual (especially Rahm) who beat on the banks for 4 years daily (1998 – 2002) trying to get them to open up their lending standards to allow lower income folks to be able to buy homes without having to put 20% down and have lesser credit ratings. (FYI – I was one of those who took advantage of the situation to buy 2 homes…)

    The banks were very hesitant at first, but like penguins at the edge of an iceburg they started to jump in one by one in 2002. When banks saw other banks making $$$ off of this whole new loan market that Clinton opened up in 1998 by removing an old SEC regulation requiring strict lending requisites…well the penguins became sharks. Banks smelled blood ($$$) in the water and created a whole host of loan products/services (derivatives, ARMS) and the govt went right along with them, creating their own catalyzing programs such as STAR and FHA. Barney Frank loved it and kept saying there was nothing to worry about when economists and politicians like Ron Paul were sounding the alarm as early as 2004.

    Then when the SHTF Barney Frank and his pork fingered buddy Carl Levin started pointing their fingers at the bankers! LOL, banks are in business to make MONEY! Scolding the banks in 2009 is like scolding an alley cat who’s been eating well at a fish market after being enticed by some dock workers because they wanted to help it. The bankers hold plenty of blame, but the govt is also to blame for encouraging their activity; for allowing it and catalyzing it. None of the Dems in DC today were blowing whistles while things were raging during the mid-2000s. They ignored economists and Rep politicians (albeit only a couple) who warned of a coming collapse.

    Yes, govt does need to take a bigger role in providing oversight to the Financial industry. They already had that, until Billy boy removed it in 1998 and set these events in motion. If the SEC law removal in 1998 wasn’t the catalyzing event then why didn’t such a financial / real estate blow up happen sooner? Hmm?

  • Texas Ride

    Jeremy you just described, in detail, the agenda of obammie and how he wants to “transform” our country.

    The “progressives” love the idea of all wealth being owned by government, that way it can be redistributed equally to the masses (promoting nothing but the lowest standard of living for all.)This is called “PROGRESS” by the Leftists!

    Naturally, the “elite class” that is controling the wealth will have a substantial increase in their standard of living. No matter how socialist a country, the elite class comes out even more wealthy than before. That is what socialism is about making the elite class wealthy. After all, when you control wealth, more and more of it just seems to seeps its way into elite pockets. Just wait until the wealth of the Nation is no longer controlled by the 5%, but it is controlled by a HANDFUL of criminals! Again, this is what the Left considers “PROGRESS.” Its the taking of the country back to a feudal state where everything is owned by feudal lords!

    Private property ownership is already being challenged in many areas. The first that comes to mind is the EPA and their heavy-handed assault on property owners.
    The attack on an individuals right to be secure in his own home, is another. Gestapo-like tactic are being used to burst into homes, unlawfully, and are becoming more frequent.
    The idea of home ownership is simply not supported by government’s taxing policies, nor is the idea of home ownership supported when banks can “call notes” without due process or applicable reason. What do Americans really own, other than maybe their clothes. Even those can be taken away by the irs when they want to make “an example” of someone or if they are just generally pissed-off.

    Didn’t we see a government take-over of a car manufacturer not too long ago, and didn’t government fire the management? I am sure there was a “government-owned motors” out there somewhere. And didn’t a congress woman by experience a “slip of the tongue” and state something like….”when we take over all the oil companies…” Friends, what Jeremy put on paper is exactly what is coming to this country.Wasn’t there a law signed into being that allows government to indefinately detain any American without being charged with a crime, and all his property confiscated by government! Hmmmm! And, I doubt that anyone put in FEMA camps would still be “property owners.” If we knew the full intent of this regime, Americans would be in serious panic, more like “hysterical.”

    What W.A.R. descrirbes happening is nearly certain to become reality. We all know what happens in Europe happens in the U.S. it just takes a little longer. Socialist Democracies in Europe are facing bankruptcy. Our own economy is fragile and the fall of the EU will be another blow for America’s economy to absorb. W.A.R believes that there will be “runs on American banks.” I tend to agree. Lots of people are keeping their wealth closer than the local banksters’ deposit boxes. Many investors have withdrawn their money from accounts that would be easily confiscated. More and more Americans are looking for places around the world, places where they can go and take their wealth with them. If the U.S.A. is no longer safe, there is nowhere to go, in my opinion, because we have been the “beacon of freedom” in the world. If this country falls, there will be no freedom left anywhere.

    Look to Europe to see the future obammie has planned for us.

  • http://www.facebook.com/forrest.byers.7 Forrest Byers

    You Sir, are a true to form “Marxist”, who unto himself the right to lie, distort and out right obfuscate the truth. Your use of the dictionary, shows how obvious you are to not accept correct definitions in your attempt to demur from reality. Example: what do you call Obama care, after all is said and done, results in a single-payer system with the federal government being the payer and also the rule maker, which rules result in the total and complete domination of an industry, which represents 1/6 of the nation’s economy? I call it socialism.Another example:what do you call Dodd– Frank bank regulation, which mandated banking institutions to make loans to customers who could not afford them in the name of “fair housing”, which resulted not only in a collapse of the housing industry, but because of “bundling”, an attempt by these institutions, to spread the inevitable risk that the federal government had forced on them, wound up also being the straw that broke the camels back, when that camels back represented an accumulation, over time, of various socialist and Keynesian economic fallacies, such as endless economic stimulation by the Federal Reserve printing endless quantities of Fiat currency, that was based on nothing more than a faith and trust in the government to meet its obligations, but nothing substantial or tangible, like, dare I say it, Gold, you know the real stuff. If you do not like gold, try diamonds, actual performing contracts for oil and gas reserves, pork bellies, a basket of commodities, practically anything but hot air. Question, what is money, if not property, in less you assume that that property, which represents People’s work, energy, effort, is in fact nothing more than the property of the State!So my friend, what do you call that? I frankly do not care!Call it liberalism, progressive politics, socialism, communism, all of them together, get you to the same realization, the loss of individual freedom, initiative, drive, liberty, for the benefit of eventual authoritarian and or totalitarian State.
    As for the mainstream media and their relationship to Barack Obama, all of them together, reflect a socialist determinism and juggernaut, which will only be meekly expressed with fear in opposition, when the various forces of repression, which they cheered on, come armed and hunting for them, for the biggest dog in this pack of reprobates, will it last, Turnaround and commence to kill off the weak ones and to finally eat it’s dead. Like the cycle of life, this is the eventual outcome of all tyrannies.

  • Jim B

    Expect GOLD to skyrocket!

    See what happens when you let Stupid try and fix things. If I were in any of the EU states and I was stupid enough to have had money in the Banks, it would be withdrawn by now (and converted to Gold). This will be the end of fiat currencies around the world. Not tomorrow or the next day but Cyprus is a debacle, proof that you cannot trust any government to not steal (by force, as in the US) anything they feel is necessary to save themselves. Believe it or not, Stupid is not thinking of you… that was 17 Trillion dollars and many generations ago, what further proof does anyone need. Like many in the EU, become a serf or find a good cave you can defend. Me, I’m looking for a good cave, And Keep Your Powder Dry!

  • rb

    Well we can hope Mr. Root is as accurate about this as he was about the last election. However this one’s a no brainer. The elites are finishing the task of the two class system of the haves and have nots. The have-nots only exist for the benefit of the haves. It’s worked well for so many dictators and elitists for the better part of history. We can’t expect it not to happen again. It’s just too bad so many people believe the lie.

  • FreedomFighter

    “The signs are all around for those who choose to see. You no longer have to search for them. Thanks to the Internet, which somehow remains out of government’s control, the signs are now appearing in plain sight, even if still only a minority realizes what the signs mean.

    The ruling elites — politicians, judges and bureaucrats in government agencies — claim to have our best interests at heart. (I speak here of the ruling elites at the Federal, State and local levels.) The people believe this despite the contrary evidence. In truth, the ruling elites — with few exceptions — are looking out for their own interests, and their own interests are gaining more wealth and more power. That they do so at the expense of those they rule over bothers them not a whit.”

    The signs of parasite government are all around us for those who choose to see. Freemen no longer have to search the hidden agenda, the crime, the power grabbing. Thanks to the Internet, and the brave hosts of website like Personal Liberty the parasites in government, slowly killing freedom, liberty, the economy, stealing our land under Agenda 21 and sustainable living are exposed easily seen even by the most blind.

    The engineered banking failure is in progress in the EU, government/elite theft of citizens savings, retirements, land, as the ability to be able to provide for one’s family is systematically destroyed, –no jobs, food, heat, or shelter, creating riots and civil unrest.

    Our US Government knows this, it is why DHS or Department of Human Sacrifice has purchase 2 billion rounds of man ripper ammo, tanks, drones, machineguns, battle armor and government now seeks to disarm Americans – it is very hard to steal the wealth of ARMED citizens.

    Just like all other social/governmental parasites the ruling elites – politicians, judges and bureaucrats in government agencies – claim to have the hosts or peoples best interest at heart, while they eat the host alive. Bombarded by the soothing media lies, soft mind control distraction of television programming, drugs in the water supply, mind killing medical prescription most of the people believe this despite the contrary evidence of economic collapse, trillions in theft, a liar of a president and a communist congress and president destroying the constitution.

    Like all parasites: ” the ruling elites — with few exceptions — are looking out for their own interests, and their own interests are gaining more wealth and more power.

    That they do so at the expense of those they rule over bothers them not a whit.”

    I say lets cure ourselves of parasites. Fight local, state and federal gun laws, remove the parasites from office or they will systematically disarm and steal all wealth from Americans.

  • Native Blood

    Sorry Wayne,

    Very few people will take you seriously after your prediction that Mitt Romney will have a landslide victory last election. I knew you were wrong then and you may be wrong now.
    Big government is only part of the problem. The problem is the oligarchs control the financial stability of this country and they can care less about the well being of our working population.
    They care so little about rampant poverty in our country and then they have the nerve to try to amnesty another 20 plus million impoverished to strain our economy even further!
    We cannot afford to feed them Wayne! It is your ilk that are having this closed door session to enable more reckless policy on the already shrinking middle class!
    Shame on you Wayne!

  • Brad in TX

    Amen J-M!!!

  • Texas Ride

    Good one J-M!

    Very similar to my thoughts that are below.

  • Flashy

    J-M…your post contained so man errors in facts I was going to answer each one to set the reality straight. But…it’s all error. best do some research, look up facts, get informed, and try again.

  • Texas Ride

    Thanks for reminding us that 90% of the home loans are owned by government!

    Important point.

  • Walt

    J-M says:

    “You do recognize that the so called “[un]Affordable Care Act” was a ploy to give government complete control over every aspect of our lives and legal access to our bank accounts don’t you? Every minute of our lives we are subject to government intrusion via electronic technology and surveillance.”

    J-M, I received an email several months ago, claiming such government access to “our bank accounts”. So, being disturbed by such a claim, I researched this claim and actually read the section in the ACA that supposedly allows the goverment access to our private bank accounts. They listed pages 59 & 60 on the HR3200 Bill for their claim.

    So, on page 59 & 60 of HR3200 Bill, it states:

    (C) enable electronic funds transfers, in order to allow automated reconciliation with the
    related health care payment and remittance.
    (D) require timely and transparent claim and denial management processes, including tracking, adjudication, and appeal processing;
    (E) require the use of a standard electronic transaction with which health care providers may quickly and efficiently enroll with a health plan to conduct the other electronic
    transactions provided for in this part.

    Nowhere, as far as I can see or read, does it mention anything related to “accessing our bank accounts”. All the wording is related to expediting electronic communications and transfers between health insurance providers and health service providers. The intent, as I read it, is to mandate that these two parties participate in updating their communication systems to expedite enrollment, claim processing and payments by insurers. Something sorely needed by the system.

    If anybody can find somewhere in this monsterous HR3200 Bill that says that the Federal government will have “access” to anybody’s private bank account, I would appreciate them specifically pointing it out (page & section).

  • Jeremy Leochner

    J-M The government is large and at times unethical and ineffective. But blaming it for something that was not its fault is not going to solve anything.

    The only reason the government purchased General Motors was because the free market refused. Apparently free market capitalism is great unless you don’t do so well.

    As for Maxine Waters I know who she is and what she says. I don’t disparage the entire government because of one person.

    As for the unaffordable healthcare act the desire was genuine. It was to help those who were uninsured. Things can be misused and abused. That does not mean we should be cynics.

    As for our every move. We live in a modern age of camera and recordings. I am not saying we should just accept anything and everything. But frankly the way you speak seems to paranoid for me. I want to control and regulate government. I personally feel very free to do as I wish without much interference from government. Others are not like me. But I do have to base part of my ideas on my own experience.

    With respect J-M I am not arguing semantics. I am arguing that when we discuss our present system we should describe it as what it actually is. Calling our system socialist when it is not gets us no where.

  • http://gravatar.com/bychoosing WTS/JAYS

    Falshy: J-M…your post contained so man errors in facts I was going to answer each one to set the reality straight. But…it’s all error. best do some research, look up facts, get informed, and try again.

    “Psychological-projection”…

  • FreedomFighter

    “Very few people will take you seriously after your prediction that Mitt Romney will have a landslide victory last election”

    IMHO Mr Root was correct in his calculation of a Romney win, the massive voter fraud and rigging of the election has pretty much been demonstrated yet was utterly ignored by the press. The electoral votes were counted b4 being cast, obvious the powers that really run the US want muppet Obama back. The mathmatical model for the election showed a staggering win for Romney, yet somehow media said otherwise, then it became so, cant blame Mr Root for others theft and deception.

    If you go back to the artical you cite and read the comment section you find me say this then.

    Laus Deo
    Semper FI

  • Capitalist at Birth

    Maybe no one knew how rampant voter fraud actually would be. Have you thought about that?

  • ToughGuy1

    Why do we have to be part of the EU anyway? Even American Great Chess Player Bobby Fischer didn’t like UN in meddling with our U.S. Affairs in ’70′s and Europe!

  • U.S.Cavalry

    News Alert Sports Fans: People have been pulling money out of U.S. banks for over a year after learning that the banks where warned last Apirl of 2012 there will be Bank Holidays declared here in this U.S.. We were told the government will take savings accounts,safety deposit boxes, CDs and retirement accounts and your plastic cards will not work.. Anyone that does not already know this has had their head in the sand or their warm moist place. Remember when this country gos Bankrupt your FDIC insurance on accounts is gone with your money. So if you do not need your savings, Cd’s or retirement let the bankster steal it.

  • JUKEBOX

    We are facing a crisis that is equal to Europe’s, when Obama keeps teling us that our insurance costs are going to reduce by $2500 per year, and the fact is that they are actually increasing by over $5000 per year, when added to the reduction promise, will actually be a $7500 increase. We are being fed the same BS that the Europeans were fed by the lamestream media, who are in bed with Obama.

  • Flashy

    leroy…methinks from your comments you are misinformed about the banking collapse and the MBS fiasco. jeremy was close to crrect when he stated “Actually I think it was caused by lack of government over sight rather than too much. ”

    When the GOP conservatives hacked, slashed, and politicized the regulatory agencies, they cut back on the referees in the game. thus, fewer regulations meant wider latitude from acting, and a greater potential for abuse. Cut back the number of regulators, politicize the remainder of the positions, and you have prime ingredients for ta daaa …the Crash.

    FNMA and Freddie did not go ito crisis because of the morgage industry, CRA, etc. Nope. best do your research and get informed. they entered the crisis bcause they bought MBS from the market as investment strategy. The MBS maret went “boom”, the mortgages on housing went bust and the number of people walking away from their underwater mortgages increased. EVEN WITH the mortgage walk aways and foreclosures, had FNMA and Freddie not invested in the MBS market, they would have weathered the storm.

    Why did the MBS crash occur? Fewer regulations, fewer regulators to see what rules remained were adhered to, and those regulators left were political insider appointments.

    The Conservatives in their quest to destroy this Nation’s economy for the sake of enriching the wealthy and Big Business did the major damage…own it

  • Right Brain Thinker

    I got in this game late today and can see that Flash is getting there “firstest with the mostest” as I run to catch up So I will just say “double ditto” to this comment—-he has nailed it! The F’s only got caught out when they succumbed to the pressure to “make money” and followed the leaders into La-La land.

  • http://malouisville.com Leroy

    Flashy,
    Maybe you need a bit more research of your own. Carter encouraged the lenders to make loans available to more low income people in order for them to partake of the American dream of owning a home. Clinton saw to it that some of the government controls were lifted in order for the sub-prime loans (now known as toxic assets) to be made to people who were of low incomes. He also encouraged Fannie & Freddie (both of which are totally controlled and funded by the government) to BUY those loans in order to make more funds available to banks to loan to the low income people. The loans were made with the banks knowing full and well the mortgage payments could not be made by the mortgagees. Had the government restrictions NOT been lifted most all those loans would not have been made. Since the government lifted the restrictions, who do you think is really to blame? The banks or the government? Why should the banks care about repayment since Fannie and Freddie, who were and are government controlled, would be buying them?
    I think you need to do more research and this time be objective.
    Leroy

  • Jeremy Leochner

    Leroy the economic meltdown was a direct result of the Sub Prime Mortgage affair. Wall street companies saw a way to boost profits by taking worthless mortgages and selling them back and forth to each other while never acknowledging that the mortgages were in fact worthless. And then Banks like Bank of America saw the stocks rising and got in on the action. So before you know it everyone was borrowing and loaning and buying and selling and the stocks rose like there was no tomorrow. But then someone pointed out that they were all just peddling worthless mortgages around and the whole thing collapsed. Even the wall street people themselves admit that the reason they did all this was because they were allowed to. It was lack of regulation not excessive regulation that lead to the recession.

  • http://gravatar.com/bychoosing WTS/JAYS

    Flashy: When the GOP conservatives hacked, slashed, and politicized the regulatory agencies, they cut back on the referees in the game. thus, fewer regulations meant wider latitude from acting, and a greater potential for abuse. Cut back the number of regulators, politicize the remainder of the positions, and you have prime ingredients for ta daaa …the Crash.

    The GOP could not have done it without the consent and assistance from Democrats. Remember, it was Clinton who made the final push for the North American Free Trade Agreement…

    Flashy: FNMA and Freddie did not go ito crisis because of the morgage industry, CRA, etc. Nope. best do your research and get informed. they entered the crisis bcause they bought MBS from the market as investment strategy. The MBS maret went “boom”, the mortgages on housing went bust and the number of people walking away from their underwater mortgages increased. EVEN WITH the mortgage walk aways and foreclosures, had FNMA and Freddie not invested in the MBS market, they would have weathered the storm. Why did the MBS crash occur? Fewer regulations, fewer regulators to see what rules remained were adhered to, and those regulators left were political insider appointments. The Conservatives in their quest to destroy this Nation’s economy for the sake of enriching the wealthy and Big Business did the major damage…own it

    Well Flashy, it appears the real impetous for the housing collapse, which led to the failure of several corporate giants can be traced to the waning days of the Bill Clinton administration in 1999.

    Fannie Mae, the nation’s biggest underwriter of home mortgages, had been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits. However, Democratic presidential nominee Barack Obama consistently laid the responsibility for the housing collapse at the feet of John McCain and President George W. Bush, despite the fact that McCain (was on record warning Congress that there were fundamental problems with the housing market and that Fannie Mae and Freddie Mac were getting too big). Even more damning, are the videos that have surfaced showing Democrats in 2004 denying that there were problems with Fannie Mae and Freddie Mac.

    So needless to say, Flushy; back to the drawing-board for you! Ta ta for now…

  • http://gravatar.com/bychoosing WTS/JAYS

    RBT: I got in this game late today and can see that Flash is getting there “firstest with the mostest” as I run to catch up So I will just say “double ditto” to this comment—-he has nailed it!

    Oh listen to “drooling-monkey-boy” sing Flashy’s praises…If isn’t bad enough that Flushy is full of sh*t, do you really have to encourage him? But you are a big-fan of Flashy, aren’t you? Here, i’ll tell you the reason why you admire Flashy…you admire Flashy because Flashy is a better liar then you could ever dream of being. Sure, you try, but you couldn’t a candle to Flashy. Face it son, in the lying department, Flashy is your superior!

  • http://malouisville.com Leroy

    Some of you people really are pathetic analysts….start in the middle of something instead of the beginning. Its like saying a tire went flat because it lost all its air……maybe the nail in it had something to do with it losing the air. Please start at the beginning of an issue and work forward. Just maybe you might actually be able to figure out why (in this case) the financial melt-down occurred. If you were given an assignment of reporting on the origins of mankind would you start at the year 1900 or maybe start with the first recorded data available on the subject. Plain and simple, the finalcial crisis was caused by the GOVERNMENT lifting some of the controls regarding lending money for home mortgages. The mortgage companies took advantage of the new lack of rules at the URGINGS of government officlals (Carter & then Clinton), Dodd and Frank…etc, etc and actually encouraged/forced Fannie & Freddie to BUY those toxic loans.
    Under the circumstances and conditions set by the government, I really can’t blame the banks for doing what they did to make a buck.
    When the Interstate speed limits were lifted from 55 to 70 did you all keep driving at 55 anyway? I think not.
    Be objective instead of so myopic to avoid making asses of yourselves.

  • Right Brain Thinker

    WHOA! Just spotted this one. WTS/JAYS is having a psychotic break here and we are privileged (or forced) to watch it.

    “drooling-monkey-boy”?
    “Flushy is full of sh*t”?
    “in the lying department, Flashy is your superior!”?

    I assume JAY(S?) is trying to be cute with the “reversal” of what it is that Flash and I do on PLD. Flash and I speak TRUTH and JAY(S?) is trying to say that we lie. High level strategy, that, especially from one of the biggest prevaricators on the site.

    Go read the label on your meds, JAY(S????)—-I’m sure it says things like “Do not drink alcohol while taking this med”, and, more importantly, “Do not operate machinery or attempt to make what you think are intelligent statements on websites while taking this med”.

  • Right Brain Thinker

    Patriot says, “As soon as you and Flashy are presented with actual facts, you have nothing left to say”. He then proceeds to present us with one of HIS “facts” with a rather broad and “global” statement. What he says is just opinion actually, and one would have to write books (or read them) to fully understand all the real “facts” involved. I have been reading books (quite a few) and magazines and newspapers and studying where our “government” has been going since the 1980′s.

    “For example: Government is responsible for the events that led up to the collapse of Fannie Mae and Freddie Mac as well as the bank bailout”

    And he is waiting with “baited breath” (yuck!—fish bait?—try Listerine) to ONCE AGAIN correct us with fact that is NON-PARTISAN. (As an aside, I can’t remember Patriot ever “correcting” either Flash or I about anything.) I assume that by NON-PARTISAN, Patriot means that “both sides are to blame”. If patriot ever bothered to read and take the time to comprehend what Flash and I have written, I think he would find that we agree with him that “government is to blame”, at least in the very broadest sense, in that “government” is the instrument and framework within which the true culprits have done their dirty work.. In the context within which he makes the statement, he is greatly oversimplifying.

    Patriot struts around like one of the PLD brainless barnyard roosters and says,
    “Seems you cannot handle anyone that agrees that all parties involved are corrupt and criminal, but go ahead! Show us all the facts that say government had nothing to do with (sic)”.

    Show us ALL the facts? As I said, there is no room to write a book here on PLD, and I wouldn’t waste the time to try to educate someone so narrow and closed minded as Patriot. Suffice to say that it all began with Reagan, and has continued down to the present time. Clinton and Obama have made their mistakes and contributed to the problems we now face but the evidence shows OVERWHELMINGLY that the Republicans have led the way to the bottom over the past 30+ years (and are still doing so). Yes, the corruption evident in the system in the areas of campaign finance, influence buying, lobbying, and deregulation afflicts both parties, but the two F’s were doing OK until they “followed the leaders” over the edge with mortgages because they wanted to “look good” to investors. That’s an opinion I have formed after much study, as I am sure Flash has. His comment to leroy is worth repeating—–

    “leroy…methinks from your comments you are misinformed about the banking collapse and the MBS fiasco. jeremy was close to correct when he stated “Actually I think it was caused by lack of government over sight rather than too much.”

    “When the GOP conservatives hacked, slashed, and politicized the regulatory agencies, they cut back on the referees in the game. thus, fewer regulations meant wider latitude from acting, and a greater potential for abuse. Cut back the number of regulators, politicize the remainder of the positions, and you have prime ingredients for ta daaa …the Crash”.

    “FNMA and Freddie did not go ito crisis because of the morgage industry, CRA, etc. Nope. best do your research and get informed. they entered the crisis bcause they bought MBS from the market as investment strategy. The MBS maret went “boom”, the mortgages on housing went bust and the number of people walking away from their underwater mortgages increased. EVEN WITH the mortgage walk aways and foreclosures, had FNMA and Freddie not invested in the MBS market, they would have weathered the storm”.

    “Why did the MBS crash occur? Fewer regulations, fewer regulators to see what rules remained were adhered to, and those regulators left were political insider appointments”.

    “The Conservatives in their quest to destroy this Nation’s economy for the sake of enriching the wealthy and Big Business did the major damage…own it”

    I will repeat what I said earlier in this comment—-”So, If patriot ever bothered to read and take the time to comprehend what Flash and I have written, I think he would find that we agree with him that “government is to blame”, at least in the very broadest sense, in that “government” is the instrument and framework within which the true culprits have done their dirty work”.

    Patriot says, “Another harsh lesson (with) (will?) then shortly be delivered upon you”. Can’t wait, who are you going to get to deliver it?

  • nc

    Mike,I didn’t see one Republican mentioned in you very one sided message on who favored the mortgage market in the early 2000s.
    For the FULL truth, please type in “Bush praising Fannie and Freddie” and watch that video of bush THANKING Freddie and Fannie for their help in the low income housing market! This speech was made almost 2 years after bush took office> Two years later in 2004 he asked for and got a bill from the Republican controlled Congress to use tax payer money to made down payments on low income purchase of homes! I guess that was just part of his policy where he said while campaigning “there is no reason that low income people can’t have a nice house,” Ya think maybe he was pushing that policy when he made that speech in Oct. of 2002? AND you were blaming Democrats for not blowing the whistle in 2002???! Did daddy’s boy bush leave his whistle at home for that speech??

    There were an awful lot of rich Republican bankers (donors)making a ton of money bundling those mortgages, Only when the bottom fell out of bush’s trickle down fiscal policy did they shut down fannie and Freddie and attempted to make them the make them scape goats!! They had controlled Congress from 1996 until 2008 and took no action against Fannie and Freddie! WHY?? RICH REPUBLICAN BANKERS MAKING A TON OF MONEY!

  • Right Brain Thinker

    Mike asks, “If the SEC law removal in 1998 wasn’t the catalyzing event then why didn’t such a financial / real estate blow up happen sooner? Hmm?”

    Perhaps because it takes time for the “bubbles” to inflate? And it takes time for the greedy rich and their lackeys on Wall Street to cook up the “evil” schemes fostered by deregulation? Even the sun doesn’t come up instantly.

  • http://gravatar.com/bychoosing WTS/JAYS

    Billionaire Sanford I. Weill, who according to Louis Uchitelle made “Citigroup into the most powerful financial institution since the House of Morgan a century ago,” has what I call the Wall of Me leading to his office, which he has decorated with tributes to him, including a dozen framed magazine covers. A major trophy is the pen Bill Clinton used to sign (the repeal of the Glass-Steagall Act), a move which allowed Weill to create Citigroup. Fittingly, Citigroup is a major contributor to guess which current Democratic Presidential candidate?

    A Frontline report on the repeal of Glass-Steagall shows how those with money end up with pens from the President of the United States on their walls.

    Sandy Weill calls President Clinton in the evening to try to break the deadlock after Senator Phil Gramm, chairman of the Banking Committee, warned Citigroup lobbyist Roger Levy that Weill has to get White House moving on the bill or he would shut down the House-Senate conference. Serious negotiations resume, and a deal is announced at 2:45 a.m. on Oct. 22. Whether Weill made any difference in precipitating a deal is unclear.

    Just days after the administration (including the Treasury Department) agrees to support the repeal, Treasury Secretary Robert Rubin, the former co-chairman of a major Wall Street investment bank, Goldman Sachs, raises eyebrows by accepting a top job at Citigroup as Weill’s chief lieutenant. The previous year, Weill had called Secretary Rubin to give him advance notice of the upcoming merger announcement. When Weill told Rubin he had some important news, the secretary reportedly quipped, “You’re buying the government?”

    When Bill Clinton gave that pen to Sanford Weill, it symbolized the ending of the twentieth century Democratic Party that had created the New Deal. Although the 1999 law did not repeal all of the banking Act of 1933, retaining the FDIC, it did once again allow banks to enter the securities business, becoming what some term “whole banks.”

    The repeal of one of the most important pieces of legislation in this nation’s history came about as a result of another Clinton “triangulation,” the wobbling attempt to find the middle of the road that has somehow managed to pass for a philosophy with many Democrats for over two decades. As former Clinton former campaign Richard Morris once described it, you move a little to the left, a little to the right. I’d love to hear Clinton give that explanation to a foreclosed home owner today.

    With the stroke of a pen, Bill Clinton ended an era that stretched back to William Jennings Bryan and Woodrow Wilson and reached fruition with FDR and Harry Truman. As he signed his name, in the whorls and dots of his pen strokes William Jefferson Clinton was also symbolically signing the death warrant of Liberal America and its core belief in the level playing field that had guided the Democratic Party. But it was the gift of the pen to Sanford Weill and its assuming an honored place on the Wall of Me that rubbed salt in the wound.

    In his famous First Inaugural Roosevelt asserted:

    “Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men”.

    Clinton not only repealed the act Roosevelt had put in place to curb those practices, but presented one of the pens used to sign it to one of those “money changers.”

    What can be said in Clinton’s favor is that in 1999 few people anticipated the out-of-control growth of the hedge fund industry and the subprime mortgage market. The New York Times described the new financial world created by the repeal of Glass-Steagall in a June 2007 profile of Goldman Sachs:

    “While Wall Street still mints money advising companies on mergers and taking them public, real money — staggering money — is made trading and investing capital through a global array of mind-bending products and strategies unimaginable a decade ago”.

    Curiously, Goldman Sachs head Lloyd Blankfein paints the perfect big picture of what has happened:

    “We’ve come full circle, because this is exactly what the Rothschilds or J. P. Morgan, the banker were doing in their heyday. What caused an aberration was the Glass Steagall Act”.

    Blankfein’s analysis testifies to the full impact of Bill Clinton’s actions, for like many members of the Counterrevolution he sees the New Deal as an aberration and longs for a return to the days J. P. Morgan and other tycoons gave the Gilded Age its nickname.

    His “aberration” was eliminated not because of the actions of some radical Republican, but because of Bill Clinton. No wonder Goldman Sachs is also a prime contributor to you-know-who.

    Full article:
    http://www.progressivehistorians.com/2007/11/bill-clintons-role-in-mortgage-crisis.html

  • FreedomFighter

    Want more proof and information:

    Troop movements California:Prepared and Loaded for Bear-Putting the Pieces Together

    Mar 28, 2013

    I have been following alerts..I too saw a military convoy this past Sunday…several things about it struck me as odd to say the least..I have seen many convoys here in the past but none like this…this convoy was traveling north on the 405 freeway… read more

    Convoy of 8-10 green Mercedes type jeeps with no markings along with multiple Humvee traveling northbound, just south of Omaha NE. T

    Mar 27, 2013

    Possible confirmation on Thurston County NE sighting. A credible witness was traveling on I-29 over the weekend of March 23-24. He stated seeing a convoy of 8-10 green Mercedes type jeeps with no markings along with multiple Humvee traveling north… read more

    UN TROOPS SPOTTED LOADING SUPPLIES INTO WOODS THURSTON COUNTY OUT OF OMAHA NEBRASKA

    Mar 27, 2013

    Hi Steve, My husband called me a little while ago to let me know that he saw something strange. He is a trucker and was driving outside Omaha, Nebraska, in Thurston County on some back roads. Along the road he spotted about 16 soldiers in unifor… read more

    URGENT: Possible Marine and FEMA mobilization in South Georgia.

    Mar 26, 2013

    URGENT: Possible Marine and FEMA mobilization in South Georgia. Steve, I am a Marine Corps combat veteran living in Thomasville, GA. As of 10am – 3/25, I personally spotted four AH-1 Whiskey Cobra attack helo’s carrying FULL ordance, (hellfires,… read more

    V’S RESPONSE TO ABN DUTCH BANK MOVE TO NOT HONOR PHYSICAL DELIVERY OF GOLD TO THEIR CLIENTS

    Mar 24, 2013

    Steve this is dangerous as you remember the BATS Exchange (the 3rd largest exchange after NYSE and CME) can not guaranty a Best Bid or Offer. So what does a toxic riddled bank like ABN going to offer when the market simply cannot guaranty it? Getting… read more

    VERIFICATION FROM INSIDER ON EXISTENCE AND PURPOSE OF THE GUILLOTINES–ANOTHER PIECE OF THE PUZZLE!

    Mar 23, 2013

    Steve and Hawk, I read your alert on the guillotines and then heard Steve on the Hagmann radio show talking about them. I contacted a source in the military and he confirmed some of your information. The guillotines were ordered under the auspi… read more

    U.S. soldier who said that 30,000 troops are training in the Houston area right now to confiscate U.S. citizens weapons

    Mar 23, 2013

    Hi Steve, I just heard from a friend who is at the Houston hamfest. He said today that he spoke with a U.S. soldier who said that 30,000 troops are training in the Houston area right now to confiscate U.S. citizens weapons. Make up of the nationalit… read more

    All catholic schools in Adelaide Australia are not teaching Christianity but Islam and 3 other Eastern Religions

    Mar 23, 2013

    All catholic schools in Adelaide Australia are not teaching Christianity but Islam and 3 other Eastern Religions. My friend is on her 3rd warning for teaching about Jesus for Religious studies. Please warn, I took my daughter out of another ‘catho… read more

    BANK MANAGER VERIFIES CASH WITH DRAWL LIMITS AND REDUCED HOURS COMING TO US BANKS WITHIN 60 DAYS

    Mar 20, 2013

    Gentlemen: Just received a call from a highly agitated bank manager who stated that within 60 days, banks will be greatly reducing their hours, days of operation, amount of withdrawals and a requirement to fill out “paperwork” if the amount is… read more

    NATIONAL GUARD SOLDIERS SAW AND TOUCHED THE GUILLOTINES AT FORT DEVENS.

    Mar 19, 2013

    Steve,he understands the situation but he already got in trouble from this situation back then along with another guy and they were interrogated for 3 hours for simply doing there jobs. There was actually a group of them which saw what was going on…

    http://www.stevequayle.com/index.php?s=33

    getting the picture yet?

    Laus Deo
    Semper FI

  • Hedgehog

    rb, you have it a bit wrong. It’s a three part system, not two, consisting of the haves, the have-lots, and the have-nots. The have-lots rule the system, using the have-nots to drain wealth from the haves. When a have is drained, he becomes a have-not and a parasite on the haves. The system is not perfectly balanced so every now and then a whole bunch of have-nots have to be slaughtered to ensure that the have-lots continue to have lots!

  • Right Brain Thinker

    Steve Quayle? STEVE QUAYLE? Bwahahahahaha! King of the wing nuts?

    He’s even more out of touch with reality than Wayne. Slow down, FF—-don’t drink any more coffee—-you are “over revving” here today with all these wild and crazy comments and will likely throw a rod if you don’t back off.

  • http://gravatar.com/bychoosing WTS/JAYS

    RBT: Steve Quayle? STEVE QUAYLE? Bwahahahahaha! King of the wing nuts?

    This from a man who donates a portion of his SS-check every month to the Morris Dees ministries. MORRIS DEES? Bwahahahahaha! King of the shysters?

  • Karolyn

    If people have the intelligence to look into these “reports,” they can usually find valid explanations for them. It’s like the one from last year where somebody saw “Chinese” troops near the Mexican border, and they turned out to be Mexican. People have been totallty brainwashed by the Steve Quayles of the world.

  • FreedomFighter

    You are drawing your own “conclusions” from “reports”. Like all intell, you must take it, sort it, evaluate it, rate it, confirm and then draw inferance.

    I have been doing this for 20+ years and these men hit the nail on the head so many times it is very hard to ignore. I remember the stories of jews in Germany doing the same thing and being called “wingnuts” too…but even if they were — Hitler was doing exactly what they said he was.

    Do you believe Hitler or the wingnut jew? Your choice.

    Laus Deo
    Semper FI

  • nc

    Fighter of freedom, the latest Quale sighting was a government trained Loch Ness Monster hauling military supplies up the Potomac River where they were being unloaded by Sasquatch and 4000 thousand Chinese soldiers dressed like illegal aliens( the outer space kind) into a FEMA camp near the Pentagon! Fox News has a video!

  • http://gravatar.com/bychoosing WTS/JAYS

    FF, offering logical-argumrnts to dung-beattles is liken to teaching the Washington-establishment responsible “fiscal-policies”. They will attack and kill the messenger…because they hate the message. For all their preaching about love, and tolerance…they are the worst violators of both, love and tolerance, What ya gonna do?

  • FreedomFighter

    Wow look at all that hate for Mr Quayle from the left wing loons — whenever you see that much hate from the left you can only conclude

    Mr Quayle is a excellent source and scares the snot out of them, they always attack what they fear.

    Laus Deo
    Semper FI

  • Right Brain Thinker

    WTS/JAYS is now spying on my bank accounts? And this is how he knows that I send money to SPLC every MONTH? Sorry, JAY (what’s the new S for again?), but it’s only once a year, and I miss some years so that I can send money to other progressive causes instead.

    Karolyn speaks mjuch truth when she says, “People have been totally brainwashed by the Steve Quayles of the world”. Only SOME people, Karolyn—and FF is one of them.
    In fact, FF is so brainwashed that he MUST bring up Hitler and the Jews in Germany, although they are TOTALLY IRRELEVANT to the discussion. That’s the way “programmed” little brains like FF’s work—-push one of their buttons and the endless parroting begins. PLEASE, FF!—-NO MORE COFFEE TODAY!

    nc finally speaks some truth to us with this report,

    “Fighter of freedom, the latest Quayle sighting was a government trained Loch Ness Monster hauling military supplies up the Potomac River where they were being unloaded by Sasquatch and 4000 thousand Chinese soldiers dressed like illegal aliens (the outer space kind) into a FEMA camp near the Pentagon! Fox News has a video!”

    YES!—-this IS definitely true! I know it because I live in the Washington DC area and the brother-in-law of my neighbor’s plumber said that his cousin’s wife heard it from Quayle IN PERSON one night just before closing in a local bar. She also said that they were wearing UN blue armbands and carrying “Agenda 21 Rules” flags. I will watch Faux 24/7 until they show the video clip! I hope that the trees will show the right season, as they often DO NOT in Faux News clips of DC activities.

    WTS/JAYS mumbles something inane and is matched by FF, who talks about “hate” for Quayle. I can’t imagine who “hates” Quayle—-I don’t—-he is as funny as Wayne Allan Root and Ben Crystal. FF is quite the jokester too, with “Mr Quayle is a excellent source and scares the snot out of them”. Bwahahahahahahaha! LMAO! Excellent source?
    (He IS scary in that he is so much of a wacko and some fools like FF DO listen to him)

  • TIME

    Dear FF & Jay,

    Saddly many are so closed minded that even when they slam into a wall – its still not there to them.

    Thus ~ Don’t waste your time on the walking dead.

    Find people within your community that have an OPEN mind ~ those that can see that they are being “INDOCTRONATED” as well Used and Manipulated by the “pernicious malicious and evil” Mass Media and Criminals within the Political sphere.

    My Friends ~ I fear that the TIME is not long, so please use your energy to be fruitful when fishing for GOOD SOULS.

    Steve Quayle is a GOOD Man, a man of high Moral fiber, something that is abundantly lacking in the persons who have posted their hateful feckless opinions.
    You Know the TRUTH, you also know that Mr. Quayle has not missed a single step in this dance.

    Peace, Love, Shalom my Brothers & Sisters, The Christ word is the only WORD.
    Peace is not WAR, ~ War is not LOVE, ~ EVIL is not GOOD,

  • Texas Ride

    FF, if even 5% of what I read is true, that is bad enough!

    We need some active duty guys out there to tell us more about what they have seen and heard. This is tough stuff to hide when there are so many “eyes” to hide it from.

  • http://gravatar.com/bychoosing WTS/JAYS

    RBT: FF is quite the jokester too, with “Mr Quayle is a excellent source and scares the snot out of them”. Bwahahahahahahaha! LMAO! Excellent source?
    (He IS scary in that he is so much of a wacko and some fools like FF DO listen to him)

    Riiiiiiiight…and this from a man who worships at the SPLC altar. An organization dedicated to scaring the bejesus out of millions of simpletons by convincing them that there’s a terrorist under every rock, behind every tree under every bed…and all for a nominal fee, of course. Making the SPLC one of the richest non-profit organizations in America. And you are one of it’s members, RBT? Is it any wonder no one ever takes your psychotic-droolings seriously?

  • Right Brain Thinker

    WTS/JAYS talks about “worshipping at the APLC altar”? Does he not know that SPLC is not a church? Or is he just trying to outdo Goebbels with his rhetoric?

    And “….a terrorist under every rock, behind every tree, under every bed…”? Only in the mind of a psychotic propagandist like XXX/XXXX (whoever he is—he has had at least three handles in the past few months) could that much overreach occur.

  • http://gravatar.com/bychoosing WTS/JAYS

    The memory impairments that accompany Alzheimer’s disease, RBT, often lead to suspicion of others and beliefs in things that are untrue…considering your age then, don’t you think it’s high time you scheduled that “brain-scan” you’ve been avoiding for quite some time?

  • Right Brain Thinker

    JAY(S?), I’m not the one who can’t even remember his “handle” from month to month and has posted under several variants. To say nothing of the several other “handles” you post under and the several “faces” you present to us. My log of “who says what to whom and with whom on what days and on what threads” is showing interesting patterns. As is the grammar, sentence structure, and word utilization software—-one can only disguise one’s writings so much.

    I don’t want to expose you because you probably need the Shills’n’Trolls’r’Us job and I don’t want to see you on welfare (remember DaveH?), but that doesn’t mean my patience is infinite. Go bother others.

  • http://wildeyguns.com The Christian American

    All this is true but real cause is “the” government and Federal Reserve entering into collusion to conterfeit dollars, they call it inflation, and printing so many that they have no value. People seem to think the paper they might hold is money, but it isn’t. It’s some sort of certificate called FRN’s that in a legitimate sense should be redeemable into a commodity, gold, silver, the wealth of the nation public and private, which is what FRN’s are alledgedly backed by. To really have worth the paper has to be redeemable in a commodity. You should be able to walk into a bank and redeem your paper for gold, silver or another commodity. Because the dollar is the world’s sovereign currency, many countries use it as a measure of their worth. Their currency is backed by the dollars they have. In America only our ignorance of the situation gives the dollar worth. In other countries the dollars they have is reflected in the value of their own paper. When the American people realize that all that have is Notes payable to the Federal Reserve, not a commodity of any worth, all hell will break lose.

    As long as the Federal Reserve is allowed to continue we will have this nightmare hanging over our heads. The Constitution only allows for gold or silver to be used as money. Cerificates redeemable in the gold or silver are OK but they must be 100% redeemable. Now? Who knows. If the constitutional system had contnued you could buy a $34,000.00 car for twenty $20.00 gold pieces. The inventive genius of the American people would of made it happen.

  • FreedomFighter

    “Police Disarming Citizens BY FORCE in Connecticut NOW! – Tea Party Command Center
    http://countdowntozerotime.org/2013/03/28/red-alert-police-disarming-citizens-by-force-in-connecticut-now-tea-party-command-center/

    It is ramping up…get ready for the bank runs.

    Laus Deo
    Semper FI

  • Mike

    We nc I guess you didn’t read my reply very closely. I named Ron Paul, didn’t I? Further, for your poisoned mind, I’ve never voted for a Republican president in my life. I vote for the person I think will do the best job. However, I am very interested in the TRUTH. Your knowledge of history is severely lacking, or at least severely biased, so here’s a video which shows Barney Frank and Charles Schumer supporting Fannie Mae and Freddie Mac while Reps were warning of an impending financial collapse.

    I doubt you’ll watch it though as it will make you eat your words.

    http://youtu.be/cMnSp4qEXNM

    Here’s another one starting in 1998 showing Dems pushing the banks to open up and be more lenient towards under-qualified borrowers. Pay attention to what Cuomo says around the 3 minute mark.

    http://youtu.be/Lr1M1T2Y314

  • Walt

    Interestingly enough, one of the problems encountered in Cyprus, which is part of the Eurozone, is that unlike the U.S., there is no FDIC. Therefore, the vast majority of regular or small bank depositors have had no safety net to cover their losses should any bank default. Many of the largest depositors in the two major Cyprus banks affected happen to be Russians, and they supposedly have suffered the largest financial haircuts.

    However, it seems that although ordinary depositors could not withdraw directly from the banks in Cyprus, some of the major depositors of theses two banks, were making unlimited withdrawals in other countries like England, through affiliated banking partners.

    Sadly for the smal depositors in Cyprus, a FDIC type system has been suggested for years for the EZ; but, none of the elitest central banker organizations have moved to approve or implement such a safety net for European depositors. The primary reason, as I understand it, is that such a system would require reserve requirements by member banks, and Germany has been the strongest opponent to such a system to protect bank depositors.

    As usual, those who have a strong and financially sound banking system, appear to have little or no interest in implementing consumer and depositor protections for those who don’t.

  • Capitalist at Birth

    Do you not know that the FDIC has a very small balance with which to pay the claims, and that if we have a true bank crash, that hey can only pay 10% or less of the guaranteed amount. Are you daft?

  • tony newbill

    Capitalist at Birth add to that when the suppliers go to the International market place and dollars are being rejected or reduced in amounts that it can purchase supply with to import into the USA because these trade partners are not wanting to hold those dollars in amounts greater than what is valued against what those foreign suppliers say hold in USA resource assets , ei mining farmland etc , then we will have what is known as Hyper Inflation on exiting supply in the USA !!!!! All parts assembled in car plants will skyrocket , auto parts will too everything Imported with is the majority of USA market value will explode !!!!!

  • Bob666

    WAR reports from the Bubble.

  • JUKEBOX

    People must realize that the FEDERAL RESERVE is not connected to the government, but an independently owned bank that prints money for a fee.

  • Savage

    You are right — most people don’t know that the Federal Reserve (“FR”) is actually owned and controlled by a banking cartel. They selected their name to imply two things: (1) they use the word “Federal”: to imply they are a part of the federal government and (2) they use the word “Reserve” to imply a reserve of cash. Neither is true. Sadly, uninformed Americans are in for a shock never experienced before (and very soon)!!!

  • Texas Ride

    THE FEDERAL RESERVE BANKS are owned by a private group of New World Globalists arrogant enough to want to rule the world. NO, this is not part of our government and our government has no control over THEIR printing press. These multi-national globlists own our currency, thus they own this country. These banks are UNCONSITUTIONAL and should never have been allowed to control our country through the economy. Our prosperity is in the hands of these world criminals, and that includes Soros.

    It costs these criminals Two-cents to print any denomination of bill…say a One-Hundred Dollar Bill costs them Two-cents. The kicker is that they charge the American people the face value! Where can I get a business like this. There is no limit to the amount of American money they can print for themselves (no wonder they are the uber rich) because there is NO accounting or oversite of the Federal Reserve! This international group of crooks have been stealing wealth out of this country for One-Hundred Years! Do the politicians ever say anything about this…NO! There was only one politician that has attacked the FRBs!

    This Federal Reserve creates inflation and steals money from the pockets of Americans by making our money increasingly worthless! They supposedly have loaned our government huge sums of money, with no accounting, or proof of this debt.

    Kennedy announced that he would sign a Bill getting rid of the FRBs and he was shot three weeks later. These people will do whatever it takes to gain control of the wealth of the world. The world banking system includes these Central Banks that can make or break economies. Their money buys legislation and behind the scenes power structures. They are the unseen enemies and the “war makers!” Our involvement in foreign wars are manipulated by their power structures and they control the winners and losers.

    To win our country, we would have to fight the most powerful and rich entity in the world., It uses dictators like the illegal squatting in our oval office to produce results they desire, not only in our country but in all countries. Dictators that want State controlled currencies are toppled, it is no secret. Haven’t you ever wondered why there isn’t anyone in government that will stand against the illegal executive orders, mandates, regulations and laws being passed? Obammiecare? Our representatives have been “neutered” by the power surrounding this puppet.

  • Bob W.

    In the 1920′s , before the U.S. got off gold and silver, one could buy most cars for less than $500, or 100 $5 gold pieces. Today you can still buy most cars for 100 $5 gold pieces if you have them. ( 100 x $400 = $40,000, the value of 100 $5 gold pieces.) What made the difference, the U.S. going to Federal Reserve Notes. Instant inflation controled by the G’ment.
    Form 1793 until 1935 the amount of gold in a $5 gold piece remained the same , therefore no inflation. ( $5 was $5 )Once gold was removed from the equation the Government could, and did inflate themselves into complete control of everything.

  • Chris

    I don’t know how true this is, but I’ve read that if you want to be able to get to your money when the banks close, you should open up a Treasury account (which you could also use for checking). This way you can still get to your money when everyone else can’t.

  • http://wildeyguns.com The Christian American

    No, people don’t realize it. As you trace the history of money, the “Medium of exchange”, you see where governments and bankers came together to rule the people. People went from bartering, to a medium of exchange that was a universally accepted commodity, gold and silver, to paper certificates that were redeemable in the commodity they represented, in full, to counterfeit paper ultimately being forced on the people, and them accepting it.

  • Elizabeth

    Scary

  • http://midcontent ridge runner

    The muslim marxist will just sign another executive order and your money is gone and Holder and thecommunist democrap Congress will rotate their thumbs and let the puke in the WH become a dictator.

  • Jeremy Leochner

    Brad when did I say government was great and wonderful. Did I ever say I love government. I do not love government. I simply don’t blame it for anything and everything. Blaming too much on government is just as pointless and dangerous as not blaming them enough.

  • Jeremy Leochner

    Texas Ride

    1: What I support is not government owning all the wealth. What I support is trying to give everyone a fair shot in the race of life. Trying to provide for others less fortunate them myself. And while I know a completely equal world is a dream I want to at least take a step towards greater equality. So I don’t have to look at articles like this and have them match our situation: http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4?op=1

    2: With all due respect Texas I am not a socialist. I know socialism is not the way to go. Being a liberal and being a socialist are not the same thing.

    3: I hardly think requiring caps on pollution and requiring business owners to not damage the environment is that tyrannical.

    4: As for home invasions by police. I am as much against them as you. All that matters to me is catching criminals.

    5: As for Banks perhaps they could not do that if there was greater regulation and laws against it. But that would involve “big government”.

    6: The only reason the government took over several car companies was because if they had not those companies would have gone under and thousands would have lost their jobs. The rest of the free market simply said no to helping those companies. That’s the problem with free market capitalism. Its fine until you hit hard times.

    7: As for the Patriot Act I opposed that from day one. When I was in high school I opposed that act and for my opposition I was labeled a blame America first liberal who wanted the terrorists to win. Now for some reason I am criticized for a law I never supported.

    8: Texas we are not Europe. Europe is an extreme. Extremes never work. Right now we are closer to the opposite extreme. I don’t simply want bigger government. But neither do I simply want smaller government. What matters to me is quality not quantity. I believe as of now the size of our government is less a problem then how it is being run. It needs to be more accountable. More ethical and efficient. Above all it needs to be more transparent.

    9: With all dues respect Texas I believe that sowing feelings of panic and doubt in government is only going to make a bank run more likely.

    10: And Texas as for the United States being the only country with freedom watch this video specifically 5:09-5:30

    http://www.youtube.com/watch?v=BJWKccHQFOA

  • Texas Ride

    Jeremy what a job of “back-peddling!”

    Your dream will never come true. The fight you are fighting will usher-in all that you say you “don’t want.” IT is amazing to me that the libs have this unreasonable desire to make “everyone equal” BUT they support an ideology that promotes much greater desparity between classes.

    Makes no sense to me. That is the problem with what Jeremy wants, it is unreasonable and will never work. People are all born on this planet with or without talent. You cannot “legislate talent and drive” to those that don’t have it and were not born with it!

    It is crazy, liberalism is a mental disease, to expect people to be “equal with equal results” of success. You cannot “stack the deck for them enough” to make a leader out of a third-world-alien. But, obviously, you can put such a fraud in the White House if you have usurped enough power.

  • tony newbill
  • http://personalliberty Alondra

    Freedom Fighter @8:47
    RETIRED ARMY CAPTAIN WARNS DHS ACQUISITIONS ARE “BOLD ACT OF WAR” AGAINST THE AMERICAN PEOPLE

    “On Saturday, retired United States Army Captain Terry M. Hestilow publicly voiced grave concerns over the Department of Homeland Security’s absurd acquisitions, posting a letter he sent to Sen. John Cornyn (R-TX) on Facebook labeling the Obama administration’s recent appropriation of weapons a “bold threat of war” against citizens of the United States of America.”

    “It is with gravest concern that I write to you today concerning the recent appropriation of weapons by the Department of Homeland Security (DHS) that can only be understood as a bold threat of war by that agency, and the Obama administration, against the citizens of the United States of America,” the decorated retired Army Captain’s letter begins.”

    http://www.patriotscorner.com/forums/general-patriot/retired-army-captain-warns-dhs-acquisitions-bold-act-of-war-t16595.html

    “For there is nothing covered that will not be revealed, and hidden that will not be known.” – Jesus Christ (Mathew 10:26; Luke 8:17)

    “Great is TRUTH, and mighty above all things.” (2Ezdra 4:41)

  • old hillbilly

    should have read “lose with eighty cents on the dollar (net loss would be 20 cents if real inflation jumps to 20%) BLS-CPI cooks the numbers – we never really know how bad it is…

  • tony newbill

    RBT this is a interesting look at how the Fed is JUICING and GOOSING the Stock Market , and oh yeah its real growth sure you betcha !!!!!

    How the Fed fuels stock prices
    http://www.bankrate.com/financing/federal-reserve/how-the-fed-fuels-stock-prices/comment-page-1/#comment-148793

  • FreedomFighter

    Yes it is moving faster now…

    Civil War And The Litmus Test
    http://www.infowars.com/civil-war-and-the-litmus-test-will-you-shoot-americans/

    Video is a must see.

    Laus Deo
    Semper FI

  • http://personalliberty Alondra

    Retired United States Army Captain Terry M. Hestilow’s letter to Senator Cornyn:

    The Honorable Senator John Cornyn, State of Texas
    United States Senate
    517 Hart Senate Office Building
    Washington, D.C. 20510

    Re: Department of Homeland Security (DHS) and that agencies PREPARATION FOR WAR AGAINST CITIZENS OF THE UNITED STATES OF AMERICA.

    Dear Senator Cornyn,
    It is WITH GRAVEST CONCERN that I write to you today concerning the recent appropriation of weapons by the Department of Homeland Security (DHS) that CAN ONLY BE UNDERSTOOD AS A BOLD THREAT OF WAR BY THAT AGENCY, AND THE OBAMA administration, AGAINST THE CITIZENS OF THE UNITED STATES OF AMERICA. To date, DHS has been unwilling to provide to you, the elected representatives of the People, justification for recent purchases of almost 3,000 mine-resistant ambush-protected (MRAP) armored personnel carriers, 1.6 billion rounds of ammunition (with associated weapons), and other weapons systems, when, in fact, the DHS has no war mission or war making authority within the limits of the United States of America.

    Significant is the fact that at the same time the Obama administration is arming his DHS for war within the limits of the United States against the People of the United States in accordance with his 2008 campaign speech claiming:

    “We cannot continue to rely only on our military in order to achieve the national security objectives that we’ve set. We’ve gotta (sic) have a civilian national security force that’s just as powerful, just as strong, just as well funded [as the United States military]”–Candidate Barack Obama, 2008.

    The Obama administration is DELIBERATELY DEFUNDING, OVEREXTENDING, AND HOLLOWING THE DEPARTMENT OF DEFENSE; the only legitimate agency of the U.S. government with a WAR MISSION.

    This act of the OBAMA ADMINISTRATION STANDS AS A GLARING THREAT OF WAR AGAINST OUR NATION’S CITIZENS! This act of the Obama administration can only be understood as a TYRANNICAL THREAT AGAINST THE CONSTITUTION OF THE UNITED STATES OF AMERICA! If left unresolved, the peace loving citizens who have sworn to defend the United States Constitution “against all enemies, both foreign and domestic” are left no option except to prepare to defend themselves, and the U.S. Constitution, against this Administration’s “coup” against the People and the foundations of liberty fought for and defended for the past 238 years. We have no choice if we honor our oaths.

    The only proper response to this threat against the American people is for the representatives of the People, the members of the U.S. House and Senate, to demand in clear terms that the Administration cannot ignore, that the Department of Homeland Security immediately surrender their newly appropriated weapons of war to the Department of Defense (DoD).

    Further, since the DHS has assumed a position in the Administration to ENFORCE THE TYRANNICAL ACTS OF THIS PRESIDENT AGAINST THE PEOPLE OF THE UNITED STATES against the limits of the United States Constitution, it remains for the United States Congress to exercise its limiting power in the balancing of powers established by our founding fathers, to DISESTABLISH AND DISSOLVE the DHS AS SOON AS POSSIBLE.

    One needs only to look to the rise of Adolf Hitler, and his associated DHS organizations, the SA and the SS, of 1932-1934, to see the outcome of allowing an agency of government this kind of control over the free citizens of a nation. The PEOPLE OF GERMANY COULD NOT HAVE IMAGINED, UNTIL IT WAS TOO LATE, the danger of allowing a tyrant this kind of power. We must not be so naïve as to think it will not happen to us as well if we remain passive toward this POWER GRAB by the Marxist Obama administration!

    Finally, for more than two centuries the nation has lived in peace at home because of the protections of our legitimate military and the many appropriate state and federal law enforcement agencies, supported by Constitutional courts. WE STAND TODAY AT A CROSS-ROAD. Will we allow this present Administration to overthrow our United States Constitution and its legal processes to amend injustices, or, will we honor our obligations to defend the Constitution AGAINST A “DOMESTIC” ENEMY? Our Constitution lays out the proper methods of resolving our differences; and it does not include its overthrow by a rogue agency of a Marxist leadership at home. You, sir, are our constitutionally elected agent to defend our Constitution at home. We are counting upon you. We remain aware, however, of this present threat and will not expose ourselves as an easy prey to the AUTHORS OF THE DESTRUCTION OF OUR NATION.

    I know that this letter demands much of you. We elected you because we, the citizens of the State of Texas, believe that you are up to the task at hand and will, against all threats, honor your oath and office. We are also writing to your fellow members of the House and Senate to stand in integrity with the Constitution and against this present threat by the Obama administration and his DHS.

    We refuse to surrender our Constitution or our nation!

    Resolved,
    Captain Terry M. Hestilow
    United States Army, Retired
    Fort Worth, Texas
    March 23, 2013

    http://beforeitsnews.com/opinion-conservative/2013/03/letter-to-senator-cornyn-r-texas-from-captain-terry-m-hestilow-united-states-army-retired-2606866.html

  • old hillbilly

    We’re too late. Banks are paying near zero interest on accounts. Obama/Bernanke are counterfeiting $85 billion/mo – $1+ trillion/yr. Your bank account or dollar will be worth about 80 cents next year, if we’re lucky. Global banks are using your deposit to make billions in China & others offshore (GE, Auto makers, etc.) Either way you lose eighty cents on the dollar. If you take it out & bury it in a jar, at least GE won’t get it to move more jobs to China!

    Zero interest stops US investment cold – designed to fleece the public. Pull your money out!

  • Right Brain Thinker

    Did FrenchFried(brain) and Alondra misread this article somehow? It’s about bank RUNS, not GUNS (the word “gun” doesn’t appear in it once). Why are they frothing at the mouth with all this “gun” stuff?

  • csev

    listen germany has completely devised this in order to take full control of the entire euro zone which will be paired down to 10 nations they control because they will have the $$$ the vatican WILL back germany with the $$$$ to do this they will create another currency OR the vaticans wealth will back the current euro!! the 7th and final resurrection of the not so holy roman empire is very near completion!!! iran an its satelittes will be obliterated by this beast power contolled by germany and guided by the vatican!! america is not even an after thought as we will be so destroyed from the enemies within that we will be to weak to defend ourselves!! we are destined for captivity!!

  • http://personalliberty Alondra

    Switzerland has something to teach Americans about THEIR 2nd Amendment

    Instead of a large standing army Switzerland gives its citizens military training and REQUIRES them to keep their weapon in their homes when they return to civilian life. This means that the Swiss can assemble to defend their country ON A MOMENT’S NOTICE. Very few people are stupid enough to attempt burglary in a country like that, and THEIR GOVERNMENT knows NOT TO TRY ABUSING ITS POWER.

    http://www.youtube.com/watch?v=me8f-rlAj2Y
    PASS IT ON, rbt

  • Vicki

    The US Treasury says such things are a scam. Do you have reliable information to the contrary?
    http://www.treasury.gov/about/organizational-structure/ig/Pages/fraud-alerts_index2.aspx

  • TA-TA

    Wayne Allyn Root another fear-monger just like Sen.JoeMcCarthy, and he turned into a drunk. Wayne Allyn Root your next loser. You think money can save you? Guess again.

  • Right Brain Thinker

    Alondra says, PASS IT ON.

    I would be glad to pass it on, IF it were the truth. The fact of the matter is that Switzerland DOES NOT REQUIRE “its citizens” to keep weapons in their homes, Alondra, and you are once again parroting the “talking points” without giving them the slightest bit of thought..

  • http://personalliberty Alondra

    RBT: “The fact of the matter is that Switzerland DOES NOT REQUIRE “its citizens” to keep weapons in their homes”

    “Gun politics in Switzerland are unique in Europe. Switzerland does not have a standing army, instead opting for a people’s militia for its national defense. The vast majority of men between the ages of 20 and 30 are conscripted into the militia and undergo military training, including weapons training. The personal WEAPONS OF THE MILITIA ARE KEPT AT HOME AS PART OF THE MILITARY OBLIGATIONS; Switzerland thus HAS ONE OF THE HIGHEST MILITIA GUN OWNERSHIP RATES IN THE WORLD.” (Geneva Graduate Institute of International Studies (2007-09). “Small Arms Survey 2007″. Cambridge)

    “In recent times a minority of political opposition has expressed a desire for tighter gun regulations. But a referendum in February 2011 rejected stricter gun control.”

    Switzerland rejects tighter gun controls: “Swiss voters have rejected proposed tighter controls on gun ownership, final results show.”
    http://www.bbc.co.uk/news/world-europe-12441834

    Half Brained Leftist, “you are once again parroting the Libtardic “talking points” without giving them the slightest bit” of TRUTH.

    Half Brained Leftist, please do NOT forget to PASS IT ON.

    “Great is TRUTH, and mighty above all things.” (2Ezdra 4:41)

  • Right Brain Thinker

    Trying to debate any issue with Alondra is like trying to talk to a brick, but her lies should not be allowed to stand without challenge.

    Alondra conveniently overlooks the fact that “its citizens” consist of just a few more demographic groups than the 20 to 30 year olds in the militia. And Alondra conveniently overlooks the fact that gun ownership rates (both hand guns and long guns) in the U.S. are significantly higher than in Switzerland. Alondra also conveniently overlooks the fact that gun regulations of all kinds—-purchase, carry, shooting—are way more restrictive in Switzerland. Let’s throw in the “ammunition for the ‘militia’ weapons is issued in sealed containers and anyone who opens one without orders is in big trouble” factor also.

    No Brain Alondra, you are once again parroting the right wing nut “talking points” without paying the slightest bit of attention to the TRUTH. Crackers will be on the way from the other deluded wing nuts that you are always talking to—-those of us who respect truth will again be shaking our heads at your perfidy.

    “Great is TRUTH, and mighty above all things.” (2Ezdra 4:41) For someone who is such a Hypocrite and tells such lies, it is amazing that Alondra would call on the bible for “support”—-if anyone “up there” notices that she is doing so and that she in “violation of the biblical comment policy” by talking about truth as she spreads untruths, she may be “moderated” with a lightning bolt.

  • http://www.bcbz18.com/ 四平办证

    Mike, Did you drill the vent hole in the bottom of the big hole to the back of the brick ?

  • tony newbill

    Jeremy Leochner , watch this Video on the Reason for the Cyprus Bank crisis , its amazing !!! It tells the story of why Collective systems always are More Prone to Corruption as those that collude eat each other , In Order to see the way this happens do some research on the Hedge Fund founder Browder in this Video , http://www.reuters.com/video/2013/03/26/browder-warned-germans-of-russian-cyprus?videoChannel=1&videoId=241854996

  • tony newbill

    Obama is definitely a socialist , fascist and Marxist all rolled up into one because he tries to cater to all factions of society internationally , and we might as well group Bush into this model as well because he and his administration perpetuated the colluding parts of policies during his term that has brought the financial crisis we have had in the free markets too , and this is no different than how a Unregulated Mortgage Industry brought down the Financial markets this too will lead to a healthcare threat that could cause Isolation between nations and bring on a dollar collapse due to rejection of the one Key resource the USA still as in its supply to trade .

    Corporate-government conspiracy is fascism
    http://www.naturalnews.com/039668_Monsanto_Protection_Act_Obama_deception_GMOs.html

  • Dave

    I don’t know what media this guy is listening to, but I hear nearly nothing positive about europe these days. As for obscene government salaries? What about corporate salaries, including his? I live in Florida and our extremely conservative govt is giving salary increases to their cronies while cutting other government workers (the ones that do the work) zero to minus increases. Other media report fraud in banking, and health-care management. I haven’t seen anyone of these white collar criminals go to jail or pay a fine that actually hurts them, yet. Anyone making Wayne Allen Root’s salary or greater should be taxed at 50%.

  • billy

    Isn’t this why thdy want our wepons and ammo now? Because of what they have planned for our future! So we can no longer retalliate with our guns if neccessary? When will we finnally pull together again and reclaim OUR COUNTRY?

  • dan

    Run to the bank….for WHAT ? My life savings went in the gas tank so I could keep working to pay my freaking property taxes,income taxes, and tax taxes

    slave on , suckers

  • Walt

    McCarthy..fear monger? His focus was to root out the communists that he claimed had infiltrated all facets of our society, with their ultimate goal to undermine and control our media, infiltrate our education system, control our labor unions and work their way into high positions within our Federal and State governments.

    Instead of “fear monger”, I think he should be judged as a prophetic visionary of what was to come, if we allowed communists to run free within a society that is too politically correct to point out the determined enemies within our gates.

    Who can deny that over 80 members of Congress openly claim to be members of the DSA, the Democratic Socialists of America, a communist front for the Communist Internationale.

    Who can deny that most of the media is owned and controlled by left-wing progressives (nice name for socialist/communists) or who with a straight face can say that the largest unions in the country are not controlled by communists like Trumpka, that our education system has not become a platform for brainwashing our precious youth into accepting socialism, or that so many openly declared communists like Van Jones are hired into influential government positions, or become welcomed advisors to a sitting American President.

    McCarthy…fear monger? Really! What planet exactly are you living on TA-TA?

  • tony newbill

    Do you think the Allegiance to the US is really true inside the mind of Our Commander in Chief when he allows the Muslim Brotherhood to run security for Benghazi and that ends in attack on our embassy and Viciously murders our people who are there to help them , and these same People continue to say this stuff here in this video ???

    http://www.youtube.com/watch?feature=player_embedded&v=vK-x9mqXML8

  • csev

    YES..Mccarthy was a patriot and should be held in the highest esteem!! check out the “venona papers” also he was in the know about john dewey the card carrying commie that was the NEA’s president in 1933 that brought from the frankfurt school of germany ALL the commie teachers to america and gave them positions within our education system. r Murrow was his 21 year old prtoeger that helped him do this!! guess who was the main media idiot that denounced Mccarthy ed r murrow thats who! as e was complicit in this commie invasion into our school system!!! get educated to the facts and connect the dots!!! there is much more but this suffices for now!!

  • Patriot

    How generous of you, Dave, to consent to allow someone making that kind of money to keep half of what they have earned. Confiscation of his wealth will sure make a huge difference to the little guy…..*sigh**shakes head*

  • csev

    an extremely factual comment i will add that there is coming a day that “no one will be allowed to buy or sell lest they have the mark of the beast” the beast being the finalworld govt created by the money cabal of earth located in europe and headed by all german jesuits look for the vatcan to guide this conglomeration as you see happening in the last so many decades

  • Charlie

    When you become a “”True””PER The Book Christian………………………

  • http://www.silverpuppy.com Ode Coyote

    They don’t want our weapons, they want us quite well armed, but not as well armed as the Army.
    Why? So when the welfare money runs out [as Obummer said it already has quite a while back..right there on TV, no less ] those that won’t go to work camps will have to turn to looting to survive and be shot by guess who? ..and that’s exactly who is being *set up* to take the blame for all the killing and they get to say “I told you so”
    THEN they will come for our weapons..except maybe the Army takes ITs pledge to defend the Constitution seriously and has FAMILY all over the place and our *commandeer in chief* [intentional miss-spelling] can listed to the echo of orders in his own empty head while political megalomaniacs stab each other in the back for total control of their absolute chaos.
    Mass desertion to go protect family is more likely…taking the Armys arms with them.
    Every soldier I’ve asked has said as much…and the mood seems to be that even the Generals are on the verge of total disgust.
    Michelle Obummer made a speech to a small group during the first campaign. “He will MAKE you work……” [a direct quote, emphasis hers] and a small sea of brown faces stood up and cheered, not listening to a single word she actually SAID. [Shiver]
    It’s likely the new capital city will be in Texas.

  • Patriot

    Actually, I have noticed the opposite. As soon as you and Flashy are presented with actual facts, you have nothing left to say. For example: Government is responsible for the events that led up to the collapse of Fannie Mae and Freddie Mac as well as the bank bailout.
    I am waiting with baited breath to once again correct you with fact that is non-partisan. Seems you cannot handle anyone that agrees that all parties involved are corrupt and criminal, but go ahead! Show us all the facts that say government had nothing to do with.
    Another harsh lesson with then shortly be delivered upon you.

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