Obama Administration Using Accounting Gimmicks That Would Make Enron ‘Blush,’ Says Republican Lawmaker

Fannie Mae headquarters in Washington, D.C.(CNSNews.com) - Rep. Jeb Hensarling (R-Texas) says the Obama administration is using an accounting “gimmick” in its budget by not including the debt owed by mortgage firms Fannie Mae and Freddie Mac. “The accounting gimmicks that are used today would make an Enron and WorldCom accountant blush,” Hensarling told reporters. [...] continue reading world news

Rep. Ron Paul Grills Ben Bernanke on Saddam Hussein, Watergate and the Fed

Added: 24. Februar 2010 continue reading world news

US: New-home sales fall to record-low level

Tax credit can’t halt decline to 309,000 annual pace in JanuaryWASHINGTON (MarketWatch) — Sales of new U.S. homes plunged 11.2% in January to a seasonally adjusted annual rate of 309,000, the lowest rate on record dating back to 1963, the Commerce Department estimated Wednesday.The third-straight drop in sales on a month-to-month basis was unexpected. [...] continue reading world news

In The Worst Possible Moment, Fitch Downgrades Greece’s Largest Banks To BBB

Bund Spread Jumps 10 Bps To 325 And just as Greece was about to launch its 10 year bond offering… Where is Papandreou to claim that Fitch was bought by all the accounts (who may or may not invest in the €5 billion issue) to make the price even better. Because the spread to Bunds [...] continue reading world news

New York State Comptroller DiNapoli: Wall Street Bonuses Rise 17%

- US: Wealth Disparities Approaching 1920s LevelsThomas DiNapoli, New York State comptroller, listens during an editorial board meeting in New York, on June 1, 2009. (Bloomberg)Feb. 23 (Bloomberg) — Wall Street bonuses rose 17 percent in 2009 from a year earlier as the securities industry rebounded from the financial crisis, New York State Comptroller Thomas [...] continue reading world news

US: Millions of Unemployed Face Years Without Jobs

“There are no bad jobs now. Any job is a good job,”… To get Americans to accept this survival mentality is the next step planned by the elitists, in achieving their goal to turn Americans into slaves.The plan is to bankrupt America, so that Americans will be so poor - within the next 2-3 years [...] continue reading world news

Gordon Brown Praises New World Order (19 Feb 2010)

The government and the Bank of England are bankrupting the UK and destroying the pound, forcing the New World Order as SOLUTION upon the people.Added: 19. Februar 2010The government and the Bank of England are destroying the UK:- Britain At Risk Of Worse Government Debt Crisis Than Greece- UK Annual Inflation Jumps, Prompts Bank Of [...] continue reading world news

Matt Taibbi: Wall Street’s Bailout Hustle

Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy - they’re re-creating the conditions for another crashOn January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America’s pre-eminent Marvel Comics supervillain, the CEO used [...] continue reading world news

South Carolina Rep. Mike Pitts Seeks to Ban Federal Currency

South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning “the unconstitutional substitution of Federal Reserve Notes for silver and gold coin” in South Carolina.In an interview, [...] continue reading world news

George Soros not only doubled his gold investment, but also bought call options

George Soros: “The ultimate asset bubble is gold.The ultimate liar is an elite financier.Got gold?George Soros doubled his investment in the world’s largest gold fund - just weeks before claiming investing in the precious metal is now the “ultimate bubble”. George Soros buys gold despite dubbing it ‘ultimate bubble’Mr [...] continue reading world news

Paul Craig Roberts: America - A Country of Serfs Ruled By Oligarchs

See also: Paul Craig Roberts: It Is Now Official: The U.S. Is A Police StatePaul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, [...] continue reading world news

Foreign Demand For US Teasuries Falls By Largest Amount On Record

WASHINGTON — The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.The reductions in holdings, if they continue, could force the government to make higher interest payments at a time that it is running record federal deficits.The [...] continue reading world news

US Banks Facing $1.4 Trillion Crisis Over Commercial Real Estate Loans

- Commercial Real Estate Losses Could Hit $300 Billion: TARP Panel: “The banks that are on the front lines of small-business lending are about to get hit by a tidal wave of commercial-loan failures,” said Elizabeth Warren, a law professor at Harvard University who heads the COP.Warren and her fellow panel members warn that “a [...] continue reading world news

Beijing Seen Vacant for 50% of Commercial Space, Experts Expect Crash

Beijing’s Financial Street on Feb. 4, 2010. (Bloomberg)Feb. 12 (Bloomberg) — Jack Rodman, who has made a career of selling soured property loans from Los Angeles to Tokyo, sees a crash looming in China. He keeps a slide show on his computer of empty office buildings in Beijing, his home since 2002. The tally: 55, [...] continue reading world news

Societe Generale strategist Albert Edwards: Greek bailout only delays ‘inevitable’ Eurozone breakup

‘The inevitable break-up of the eurozone.’SAN FRANCISCO (MarketWatch) — A bailout of Greece will only delay the inevitable breakup of the Eurozone because the one-size-fits-all interest rate policy imposed by the euro has left several countries in the region uncompetitive, Societe Generale strategist Albert Edwards said Friday.Edwards, a noted bear, warned about the Asian currency [...] continue reading world news

Cynthia McKinney at Munich Germany NATO Peace Rally: ‘My Country Has Been Hijacked By A Criminal Cabal’

Must-see!Cynthia McKinney speaks at Munich Germany NATO Peace Rally during her visit to receive the ‘Peace through Conscience’ award from the Munich American Peace Committee.“President Obama has drones killing innocent people in Pakistan, Afghanistan, Yemen, and Somalia. And Administration lawyers are trying to figure out how to legally kill U.S. citizens.” “You even have U.S. [...] continue reading world news

Rep. Alan Grayson: ‘20 Percent Of Our Accumulated Wealth Over The Course Of 2 Centuries Gone in 18 months!’

$12 Trillion Gone and Nobody Got PunishedAdded: 10. Februar 2010The Fed and the US government are destroying America:- Paul Craig Roberts: It Is Now Official: The U.S. Is A Police State- Marc Faber on Bloomberg: US Treasuries Would Be Rated As Junk If US Were a Company- The Biggest Bubble in History Is Growing Every [...] continue reading world news

Senior Chinese military officers urge economic punch against US

“… possibly sell some U.S. bonds to punish Washington…”Members of the Chinese People’s Liberation Army (PLA) Air Force Aviation stand at attention during a training session at the 60th National Day Parade Village in the outskirts of Beijing, September 15, 2009. (Reuters)BEIJING (Reuters) - Senior Chinese military officers have proposed that their country boost defense [...] continue reading world news

Barnaby Joyce: Australia close to defaulting on debts

Debt warning: Nationals Senator Barnaby Joyce (AAP: Alan Porritt, file photo) Opposition finance spokesman Barnaby Joyce is courting controversy again, warning that Australia is getting to the point where it will not be able to repay its overseas debt.Senator Joyce says the Federal Government is borrowing billions of dollars from overseas to fund stimulus spending [...] continue reading world news

On the Edge with Max Keiser: Guest Catherine Austin Fitts (06 Feb. 2010)

Between 1997 & 2002 $4 Trillion Went Missing From US Government1 of 3:2 of 3:3 of 3: continue reading world news

Secret Summit of Top Central Bankers in Australia

* World’s top bankers fly in* To meet at secret location* Trouble on the horizonThe high-powered gathering coincides with a fresh meltdown on world sharemarkets (AP)THE world’s top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets.Representatives from 24 central banks and [...] continue reading world news

China to Impose Dumping Penalties on US Chicken

Feb. 5 (Bloomberg) — China, the largest market for U.S. chicken, will impose anti-dumping duties of as much as 105.4 percent on imports of American poultry products, threatening to deepen a trade rift.Importers of U.S. broiler-chicken products will be required to pay after an investigation showed they had caused “material damage” to local suppliers by [...] continue reading world news

Pravda: Paulson and US Collapse, Lets Blame It On Russia, We Do Everything Else

LOL!It’s good to see that US officials and former officials continue acting to par, God forbid they actually shock us and change their stripes. The latest tripe out of the mouths of the mega corrupted and their hand picked puppets is Henry Paulson’s tripe about Russia trying to collapse the US economic bubble [...] continue reading world news

New York: Children Lead Way in Record Homelessness

(AFP) — Kariana, aged three, has a lonely existence in the New York homeless shelter her parents moved into last year. Lonely, but not alone — there are nearly 16,000 children just like her.Homelessness in New York has soared as a result of the damaged US economy and children make up almost half of that [...] continue reading world news

The Federal Reserve as Giant Counterfeiter

Related information:- MSNBC Exposes President Obama’s lies: FED GAVE Banks Access to 23.7 TRILLION DOLLARS NOT $700 Billion!San Jose State economics professor Jeffrey Rogers Hummel tells all his students that the easiest way to understand the Federal Reserve is to think of it as a giant, legalized counterfeiter. I had always known that the Fed [...] continue reading world news

Obama’s $3.8 Trillion Budget: Tax Rise of $1.9 Trillion for Richer Americans, Businesses

Related articles:- Obama Proposes $3.8 Trillion Budget Focused on Jobs (Bloomberg):Feb. 1 (Bloomberg) — President Barack Obama’s $3.8 trillion fiscal 2011 budget puts an emphasis on job creation with $100 billion in additional stimulus spending, along with higher taxes for the wealthy in an attempt to narrow the deficit.This is just the beginning of the [...] continue reading world news

The Illuminati Banksters: JPMorgan vs. Goldman Sachs

JPMorgan vs. Goldman Sachs: Why the Market Was Down for 7 Days in a Row We are witnessing an epic battle between two banking giants, JPMorgan Chase (Paul Volcker) and Goldman Sachs (Geithner/Summers/Rubin). Left strewn on the battleground could be your pension fund and 401K. The late Libertarian economist, Murray Rothbard, wrote that U.S. politics [...] continue reading world news

Nouriel Roubini: US Economic Growth ‘Very Dismal and Poor’

Related article: - US: GDP Mirage - The Last Hurrah:Digging beneath the surface there is nothing to cheer about in the GDP numbers. Moreover, this weakness is in the face of the largest stimulus measures the world has ever seen, not just in the US, but globally. Money supply in China is growing at 30% [...] continue reading world news