Anyone who supported Obama's Presidency and still does after all the evidence of his track record vs. his campaign promises is tallied up, is either a complete moron or just as vile a human as is Obama.
I said 100 days into Obama's first term that he would end up being an even worse President than his predecessor. The primary reason is that at least with Bush we knew what we were getting - a complete liar who was obviously working for the elitists who control our system. Obama gave everyone illusion he would clean up the corruption and fraud. Not only has he NOT tried to clean it up - he enables it even more than Bush did.
It's impossible to dispute the facts. Why is Guantanamo still open and fully operational? I recall Obama promised to close it within his first 90 days...the list is endless...
The reality is that Obama was put in place to continue the agenda. If you don't know what the "agenda" is look it up,just Google "Agenda 21".
ReplyDeleteThis is not some made up conspiracy bullshit,it is an intended culling of the herd. Don't take my word for it,look it up and read it yourself.
You cannot have infinite growth with finite resources.
This will bake your noodle. Individual rights must take a backseat to the collective.
ReplyDeletehttp://www.youtube.com/watch?v=TzEEgtOFFlM
Obama is a psychopath, a sociopath and a war criminal. He, his gang, and Bush and his gang should all be tried and put in prison for life and treated the same as they did to others.
ReplyDeletethe scum is worse than Bush
ReplyDeleteShhh! You wanna be tagged as a racist or what?
ReplyDeleteMeet the Secret Supreme Court of the United States
ReplyDeleteOne of the most incredible things that has occurred in the aftermath of Edward Snowden's NSA leaks has been President Barack Obama's laughable attempt to justify the spying by claiming the process has judicial oversight, as he did in the quote above. What he fails to mention of course is the fact that the FISA court that signs off on all these activities is a secret court, the opinions of which are never made public. Does he think the American public is so brain-dead it is incapable of recognizing the difference between a regular court of law and a secret one? Apparently he does. For those of you that have yet to get up to speed on America's "parallel Supreme Court," which also disturbingly happens to constructs its own laws, please read the article below from The New York Times:
WASHINGTON — In more than a dozen classified rulings, the nation’s surveillance court has created a secret body of law giving the National Security Agency the power to amass vast collections of data on Americans while pursuing not only terrorism suspects, but also people possibly involved in nuclear proliferation, espionage and cyberattacks, officials say.
The rulings, some nearly 100 pages long, reveal that the court has taken on a much more expansive role by regularly assessing broad constitutional questions and establishing important judicial precedents, with almost no public scrutiny, according to current and former officials familiar with the court’s classified decisions.
http://libertyblitzkrieg.com/2013/07/07/meet-the-secret-supreme-court-of-the-united-states/#more-6667
persecution is coming. That's where all of this is leading. But, if you try to raise awareness, you are shrugged off as an extremist.
DeleteNSA 'in bed with' Germany and most others, Snowden
ReplyDeleteThe United State's National Security Agency works closely with Germany and other Western states on a 'no questions asked'-basis, former NSA employee Edward Snowden said in comments that undermine Chancellor Angela Merkel's indignant talk of "Cold War" tactics.
"They are in bed with the Germans, just like with most other Western states," German magazine Der Spiegel quotes him as saying in an interview published on Sunday that was carried out before he fled to Hong Kong in May and divulged details of extensive secret US surveillance.
"Other agencies don't ask us where we got the information from and we don't ask them. That way they can protect their top politicians from the backlash in case it emerges how massively people's privacy is abused worldwide," he said.
His comments about cooperation with governments overseas, which he said were led by the NSA's Foreign Affairs Directorate, appear to contradict the German government's show of surprise at the scale of the US electronic snooping.
http://www.buenosairesherald.com/article/135468/nsa-in-bed-with-germany-and-most-others-snowden
Europeans were helping to find Snowden. The Bolivian Presidents Jet was not allowed over European airspace. If the spying had mattered to the Europeans then why help the U.S. ? This interview with Dr. Paul Craig Roberts explains what Washington is doing with trade agreements that will prop up the Dollar and create economic stability. All done to lock out Russia and China.
ReplyDeletehttp://usawatchdog.com/washington-is-arranging-support-of-the-dollar-paul-craig-roberts/
...and it just doesn't stop.
ReplyDeleteas quoted by James Jaeger:" WE THE PEOPLE must DEMAND that the Bluffdale site never open, that the entire PRISM program be shut down and that the PATRIOT Act be rescinded. Beyond that, I think each and every member of Congress who voted for any of these programs needs to be impeached at the very least."
We're there people - get off your couches and turn off the screens and start to raise some shit !! It's all of our asses that these lowlifes want.
http://www.thedailybell.com/29359/Anthony-Wile-James-Jaeger-on-His-Documentaries-the-Danger-of-Hollywood-Blockbusters-and-the-Reality-of-Snowden
never going to happen. I quit! the sheeple don't want to haer it nor do they care. protect yourself. leave it at that.
DeleteBanks Outbidding Private Equity Funds at Foreclosures, Believing They Can Beat Them at the Pump and Dump Game
ReplyDeleteIt’s conventional to deem local journalism to be dead, but Josh Salman at the Sarasota Herald-Tribune has written well-researched investigative story on bank bidding at foreclosures in his neck of the woods, Big lenders bidding to keep homes, that has national implications.
Here’s the overview:
Banking giants from Wells Fargo to Fannie Mae are routinely paying top dollar on the auction steps to hold onto their own distressed properties, outbidding cash offers and paying well above assessed value, according to a review of thousands of Southwest Florida auction purchases.
They are speculating that the properties will appreciate even more in the next couple of years.
The article does not indicate whether the “banking giants” like Wells Fargo are only bidding on properties where the bank owns the loan or serviced loan for private label (non-Fannie and Freddie investors). We’ll assume only the former. It’s ugly enough that way; if the banks are doubling down by deciding to buy homes that they were formerly only servicing (as in simply acting as an agent), this practice goes from typical bank lemming-like behavior to affirmatively deranged.
The degree of outbidding is not modest, at least in Southwest Florida (emphasis ours):
In some cases, lenders this year have bid up to 600 percent more than a property’s worth to retain foreclosures — one of the primary reasons the acquisition costs for competing real estate investors also has spiked in recent months.
In the 12 months ending June 1, 4,865 foreclosures were auctioned in Sarasota and Manatee counties. Lenders outbid third-parties to keep 3,754, or 77 percent.
Banks paid $259.2 million for the properties, an increase of 34 percent from the amount they spent in the same 12-month period a year ago…
“The banks seem to be offering more than they usually would — going for market value and above,” said Shannon Moore, broker and owner of Green Lion Realty in North Port. “I don’t quite understand the logic. It’s a vast shift from the last few years when would take any reasonable amount just to get rid of them.”
But the “paid” is a misnomer unless the bank bid above the mortgage balance to win at the auction, which the article says doesn’t happen that often. So from an accounting standpoint if the mortgage was $160,000 and the highest third party bid was $90,000, the bank could take the offer at $90,000 and recognize a loss of $70,000 plus foreclosure costs. Or it can bid $110,000 and move the property into REO. If I read the OCC guidance correctly, the bank has to value the REO at the lower of the “recorded investment in the loan satisfied” which I assume is the mortgage balance PLUS the foreclosure costs OR fair market value as determined by an appraiser. Gee, we know how independent those appraisers are!
And with appraisers relying on recent sales for valuations….you can see the logic of the bank overbidding on such a grand scale. They can bid up to the mortgage balance and not increase their loss exposure. Overbidding systematically increases the comparable sale prices appraisers will look at to prepare their valuations. And with the banks accounting for 77% of purchases out of foreclosure sales (and foreclosure sales representing 20% to 30% of all sales in these counties), the bank activity can influence appraisals, particularly since one might expect foreclosure sales to be concentrated in certain neighborhoods. And it’s even great enough at 15% to 23% of all sales to move overall price averages and trends.
http://www.nakedcapitalism.com/2013/07/banks-now-outbidding-private-equity-funds-at-foreclosures-either-believing-they-can-beat-them-at-the-pump-and-dump-game-or-deferring-losses.html
Ralph Nader "Who's On The Run? They're NOT Pursuing The Criminals They're After The Right-Doers"
ReplyDeletehttp://youtu.be/KXTGb0wbDwk
Stage Two of the Housing Bubble Begins: Blackstone to Lend to Others for “Buy to Rent”
ReplyDeleteAs we all know, any good ponzi scheme needs a continued stream of new investors in order to keep it going otherwise the whole thing falls apart. We also know that the current rebound in the U.S. housing market is a centrally planned monster, led by private equity firms with access to cheap money and laundered foreign capital flooding into depressed markets, crowding out American families looking to purchase a home. Well now that Blackstone has spent more than $5 billion in its “buy-to-rent” scheme, it wants others to be able to “participate” in this wonderful investment (after them of course). Oh and by the way, one of the most common ads on the local radio here in Boulder as of late offers to explain to people how they too can “get in” on the buy-to-rent trade. Best of luck. From Bloomberg:
Blackstone Group LP, the private-equity firm that has spent $5 billion on more than 30,000 distressed houses, is preparing to expand its bet on the housing recovery by lending to other landlords.
http://libertyblitzkrieg.com/2013/07/08/stage-two-of-the-housing-bubble-begins-blackstone-to-lend-to-others-for-buy-to-rent/#more-6683
U.S. Trying to Push Back a Dollar Blowup
ReplyDeleteDr. Roberts contends, “Washington is arranging that many countries have a stake in supporting the dollar. That frees them from the consequences of the printing press for now and a number of years.” It may already be working as Roberts points to the recent plight of NSA leaker Edward Snowden. He says, “Snowden tells the whole world the Americans are listening in on your every communication. You have no privacy whatsoever from the Americans and, yet, nobody will step forward and give him asylum. . . . They’d rather have American money than defend the guy who brings them the truth.” Not every country thinks the U.S. will be successful in saving the dollar. Dr. Roberts points out, “China is importing a tremendous amount of gold. They seem to not have much confidence in the longevity of American plans.” Even so, a dollar crash might be pushed back. Dr. Roberts contends, “They can put that off for a long time if these various schemes work.” And if they don’t work? Roberts says, “Well, there’s going to be a big blowup. I think there will be a big blowup anyhow.” Join Greg Hunter as he goes One-on-One with economist Dr. Paul Craig Roberts.
http://www.youtube.com/watch?v=AyO-xR6ZW20
http://www.buzzfeed.com/bennyjohnson/things-democrats-would-have-freaked-out-about-if-bush-had-do
ReplyDeletehttp://www.zerohedge.com/news/2013-07-06/jp-morgan-vault-gold-drops-new-record-low-brinks-gold-plunges-24-one-day
ReplyDeleteJP Morgan Vault Gold Drops To New Record Low; Brinks Gold Plunges By 24% In One Day.
"anything that isn't off the chart soon will be".
http://www.reuters.com/article/2013/03/29/etf-copper-jpmorgan-idUSL2N0CL0ND20130329
SEC again rejects copper users' challenges to JPMorgan ETF
http://www.exchangetradedfunds.com/helpmedothenews11am.php?helpmedothenews11am=25430
BlackRock could eventually take 121,000 tonnes of copper to back product.
BlackRock's copper ETF pool double the size of rival JPM product.
This is getting damn interesting. If PM's aren't that important then why all of a sudden a great desire for them including copper? Not only will there be shortages of these metals but also any products made by them (like electronics).
Indian banks seek to procure gold from abroad on annual contracts
DeleteNEW DELHI (Scrap Monster) : The Indians banks plan to enter into annual contracts with institutions abroad to buy gold- a move which is expected to boost gold imports during the peak demand season.
Earlier, the banks could import gold on consignment basis-not requiring payment of upfront cash. The bank used to lend the imported gold to jewellers who pay interest charges until the cash is fully paid. The recent curbs on gold imports by banks on consignment basis have forced the banks to sought alternative means to import gold.
The banks now plan to enter into a long term arrangement with those abroad. The annual contract thus entered into would ensure that the banks procure a certain minimum quantity of gold every year. The banks seek to buy gold on consignment basis and store in cheaper vaults. This gold would be brought to the country as and when there is a demand.
The new arrangement by the banks is expected to boost up the gold imports by the country. All India Gems and Jewellery Trade Federation as welcoming the proposal states that the move would help ensure that supply meets demand.
The gold demand in the country is expected to pick up mid-August with the commencement of festive season. According to several analysts, fall in gold below Rs.25,000 per 10 gram would initiate fresh buying interest among consumers.
http://www.scrapmonster.com/news/indian-banks-seek-to-procure-gold-from-abroad-on-annual-contracts/1/9247
Who Decided There Are No Crimes in MF Global Collapse?
ReplyDeleteI’m sure there is some reasonable explanation as to why responsible officials do not think any crime was committed. Perhaps I have misread the facts, or maybe whatever happened doesn’t constitute a crime, or something else. Somebody who knows should come forward and provide that explanation. It isn’t enough to send a couple of “federal investigators” out to leak this story.
Where is Preet Bharara, the US Attorney for the Southern District of New York?
Where is Eric Holder, the Attorney General?
Where are Gary Gensler and Bart Chilton, two CFTC commissioners?
If this isn’t a crime, then you need to say why and suggest statutory amendments. If you stay silent, people will just assume you are part of Wall Street corruption.
http://my.firedoglake.com/masaccio/2013/07/08/who-decided-there-are-no-crimes-in-mf-global-collapse/
Japan plans to switch inflation gauge; may up pressure on BOJ
ReplyDelete(Reuters) - The Japanese government plans to adopt a different measure of inflation to the central bank's, an official told Reuters, in a move that could mean it will take longer for Japan to be declared free of deflation and give ammunition to politicians advocating loose policies.
Prime Minister Shinzo Abe has made victory over nearly two decades of falling prices a top policy pledge. His "Abenomics" package of government spending and lose money from the Bank of Japan have sent stock prices sharply higher and the yen lower this year.
Whereas the central bank targets a 2-percent year-on-year rise in the core consumer price index, a measure that excludes volatile prices of fresh food, the government plans to use "core-core" CPI, which also excludes energy costs.
The change will effectively raise the bar for Abe's inflation goal, as it means that higher energy prices will be taken out of the equation.
The official, who was involved in the decision to switch to "core-core", said the change was meant to help ensure that the world's No. 3 economy truly breaks the grip of deflation.
"Unless we have price rises that aren't temporary, that won't reverse, we can't say we've escaped from deflation," the official said on condition of anonymity.
http://uk.reuters.com/article/2013/07/09/uk-japan-inflation-idUKBRE9680EW20130709
John Rappaport makes an extremely compelling case that Snowden leaked all this NSA surveillence on behalf of the CIA. Seems to make alot of sense as everyone else who has exposed all of this NSA surveillence has been largely ignored over the years.
ReplyDeleteKen
http://jonrappoport.wordpress.com/2013/07/08/matrix-who-is-edward-snowden/
Libor's New Manager Has Its Own Conflicts
ReplyDeleteThe really big news in financial markets this morning was the U.K.'s decision to hand over administration of the London interbank offered rate to the parent of the New York Stock Exchange. The price tag: one pound. The conflicts of interest involved: countless.
The scandal-plagued benchmark sets the interest rates for mortgages, corporate loans and derivatives -- more than $300 trillion in contracts worldwide. It was mismanaged by the British Bankers' Association, on whose watch traders rigged Libor to make their positions more profitable. Barclays Plc, UBS AG and Royal Bank of Scotland Group Plc have been fined more than $2.5 billion by U.S. and U.K. regulators and more than a dozen other firms are under investigation worldwide.
As of January, Libor will be run by NYSE Euronext, the owner of the iconic stock exchange and a London-based futures exchange that happens to be a dominant player in interest-rate derivatives. A new owner was essential. But one that runs one derivatives exchange and is about to be subsumed by another, IntercontinentalExchange Inc.?
That strikes me as problematic. NYSE Euronext operates Liffe, Europe's second-largest derivatives exchange. Its interest-rate futures and other derivative instruments, some of which use Libor and related benchmarks as a component, are among the most heavily traded in the world.
Handing off the benchmark to owners whose profitability depends on Libor's continued credibility isn't necessarily a bad idea. But it does give Libor's new owner a billion reasons not to upset the status quo, and the status quo isn't right.
http://www.bloomberg.com/news/2013-07-09/libor-s-new-manager-has-its-own-conflicts-.html
Things In Politico That Make Me Want To Guzzle Antifreeze, Part The Infinity
ReplyDeleteBut then, realizing in an instant the publication for which he works, Byers reassures us that all is really well.
Nevertheless, Greenwald is fighting the uphill battle. Despite how troubling the NSA's surveillance practices are, the American people seem content to live with them. Moreover, the news cycle has moved on, dominated now by The Zimmerman trial, Egypt, et al. Finally, Greenwald doesn't seem to have any more big revelations up his sleeve. Maybe that's not the way it should be, but that's the way it is.
So fk it, then. Let's all get a beer at Sam And Harry's. Rather than point out to the apparently history-impaired Byers that there were reporters pushing the same this-story-is-out-of-juice line as regards Iran-Contra in 1987, and, indeed, as regards Watergate in 1973 -- and that, indeed, one could say that "the American people" seemed content to live with a president who sold weapons to terrorists and a president who organized a criminal gang in the Oval Office, I would point out to him that it is a piss-poor excuse for journalism to give up on its job just because there happen to be an unusual number of shiny objects elsewhere.
http://www.esquire.com/blogs/politics/The_Snowden_Effect_On_Tiger_Beat
Foreclosure Squeeze Crimps Las Vegas Real-Estate Market
ReplyDeleteLAS VEGAS—In a city dotted with tens of thousands of vacant houses, Jericho Guarin figured it would be easy to buy his first home. But nearly a year after beginning a search late last summer, he has come up dry.
"It has been a nightmare," says the 37-year-old U.S. Air Force officer. "There are plenty of empty houses, but they're just not for sale."
Alex Federowicz for The Wall Street Journal Houses are going up in a southwest Las Vegas development. Some builders have waiting lists of buyers locked out of the existing-home market.
Indeed, it is a lopsided equation. The number of available homes has plunged here after a sweeping state law subjected lenders to stiff new foreclosure rules and penalties. With banks exercising caution, many homeowners—including those seriously delinquent on their loans—have been allowed to remain in place. As a result, there is little on the market at a time when first-time buyers and real-estate speculators are anxious to tap both cheap prices and low-interest mortgages.
Many real-estate agents, home builders and consumer advocates argue that the law, intended to remedy foreclosure-processing abuses, has backfired. Some owners who are behind on payments aren't maintaining their homes as banks refrain from eviction proceedings. The perverse outcome: Inventory shortages have spurred new developments despite a glut of properties stuck in foreclosure limbo.
"The people hurt most by this law are the middle class," says Steve Hawks, a real-estate agent in Henderson, Nev. He refers to the phenomenon wrought by the foreclosure measure, Assembly Bill 284, as the "A.B. 284 bubble."
With investors in the game, more properties are commanding prices above asking—a phenomenon real-estate agent Bryan Lebo knows all too well. Recently, he listed a bank-owned property for $86,000. The home, which he said needed around $20,000 in repairs, drew 41 offers—39 of them all-cash—and sold to an investor for $135,000. "If you're an honest working person, you pretty much don't have a chance," says Mr. Lebo of current market conditions. All cash transactions accounted for nearly 60% of sales in May, according to DataQuick. Nationally, all cash transactions accounted for roughly a third of sales in the month, according to the National Association of Realtors.
http://finance.yahoo.com/news/foreclosure-squeeze-crimps-las-vegas-030500923.html?
Oliver Stone on the NSA: 'The government's gigantic surveillance machine is eating our freedom' – video
ReplyDeleteIn the wake of whistleblower revelations about NSA surveillance of US and foreign citizens, film-maker Oliver Stone asks in a video made by the American Civil Liberties Union (ACLU):
'Do we control the government or does the government control us?'
http://www.guardian.co.uk/commentisfree/video/2013/jul/10/oliver-stone-nsa-surveillance-aclu-video
Barack Obama has rewarded some of his most active campaign donors with plum jobs in foreign embassies, with the average amount raised by recent or imminent appointees soaring to $1.8m per post, according to a Guardian analysis.
ReplyDeleteThe practice is hardly a new feature of US politics, but career diplomats in Washington are increasingly alarmed at how it has grown. One former ambassador described it as the selling of public office.
On Tuesday, Obama's chief money-raiser Matthew Barzun became the latest major donor to be nominated as an ambassador, when the White House put him forward as the next representative to the Court of St James's, a sought-after posting whose plush residence comes with a garden second only in size to that of Buckingham Palace.
As campaign finance chairman, Barzun helped raise $700m to fund President Obama's 2012 re-election campaign. More than $2.3m of this was raised personally by Barzun, pictured, according to party records leaked to the New York Times, even though he had only just finished a posting as ambassador to Sweden after contributing to Obama's first campaign.
"It has the effect of diminishing perhaps the sense that the US is treating these countries with the respect they deserve," Pickering said.
Susan Johnson, president of the American Foreign Service Association (AFSA), which represents career US diplomats, added: "The giving of ambassadorships to people who have raised a lot of money for the campaign has increased and that's a concern to us in particular.
"There was some thought that with Obama being such a 'change agent' that he might really do things differently – but it has just been a bigger let down."
http://www.guardian.co.uk/world/2013/jul/10/obama-donors-top-embassy-jobs-rewards