Ron Paul On The Fiscal Cliff - Problems Won't Be Solved

Santelli Tells It Like It is....FED, CONgress & Obana Don't Have A CLUE!

Biederman: Japan Will Lead Ponzi Bond Collapse

Kyle Bass: 5 Reasons Japan Bond Market Will Implode

Someone In Congress Understands Numbers

Max Keiser: Hollywood Accounting Used By US Government- Numbers Are NOT Real!

Santelli: Wake Up America - They Are Stealing Your Money

Santelli - Debt Ceiling Isn't The Problem: Debt Is The Problem

Sheila Bair On Capitol Account

Keiser Report - Big Black Hole

Zero % Interest Rates Discriminate - Silver To Rise 500% in next 3 Years

Biderman - Pre Turkey Day Dead Cat Bounce

Kyle Bass End Of Debt SuperCycle

The Chicago Plan Revisited - Fractional Banking.... What? Me Worry?

Max Keiser: Crash JP Morgan - Buy Physical SIlver

Kyle Bass: Europe - You Can't Handle The Truth

Why Raising Taxes Will NOT Balance The Budget

Max Keiser - Bankers Are Your Enemies

Biderman - US Government Incompetence Will Deliver Fiscal Cliff

Marc Faber: Deleveraging Ahead

CFTC IS A Fraud

Jim Willie: US Recovery A Fairy Tale That Ends Badly

Denninger - Look For Market Dislocations

Marc Faber: S & P Could Drop 50%

Max Keiser - Your Vote Is Worthless

Prepare NOW! 1st 12 Hours of Financial Collapse Could Look Like This!

Colbert Nation - Teabaggers? Oh My!

The Colbert Report
Get More: Colbert Report Full Episodes,Political Humor & Satire Blog,Video Archive

Max Keiser - And..."Poof" Germany's Gold Is Gone!

Unethical Wall Street Business Practices Will Destroy America

Government Financial Numbers Are Lies - FED QE's Will Lead To Massive Hyperinflation

Denninger - What Needs To Be Done NOW For The US Economy

Doug Casey How To Hedge Risk In The Greater Depression

More Faber On US Fiscal Abyss

http://video.cnbc.com/gallery/?video=3000124146

US MUST Cut Government Spending By 50%

USA Debt Is NOT Sustainable - It Is Simple Mathematics

Capital Account: HFT & How It Screws The (YOU) Market

Taxing The Rich WON'T Balance The Budget Either

Spending Cuts CAN NOT Balance The US Budget

Macke On Citibank Earnings Are Garbage

Keiser Report - Oligarchy & Bankers Continue To Destroy Middle Class

Politicians Aren't telling You The Truth About Economy

Nigel Farage On The Fall Of Euroland, US Is NEXT!

Santelli: One Sane Voice In The Wilderness Of CNBS

Is The Dow Done? Bernanke Put Dead?

You Must Kill The Medical Monopoly To Save Economy

Rumble 2012 Debate

Faber Vs. Rogers Economic Forecast on CNBS

October Surprise In Stock Market?

Here are a few important articles from King World News looking at a possible October surprise financial melt down of stocks it the article "Two Incredibly Frightening Charts" that take a close look at
where the commercials - traditionally considered the markets "smart money" players - have placed their bets.

The second article  from King World News is an interview with Richard Russell - Professor Emeritus  of newsletter writers - who sees an October stock plunge and a future role for gold to back fiat currencies.

These comments have been made a lot recently. Is it just idle conjecture or  or astute foresight?  Probably, in my opinion more of the latter, it is just a matter of when.

Kyle Bass - Global Debt Balances + Infinite QE = Fiscal Melt Down

What Most Americans DON'T Understand - Gold IS Money

Sam Zell On FED QEIII & Manipulation - Part 1

Sam Zell On Fed QEIII & Manipulation - Part 2

Sam Zell On Fed QEIII & Manipulation Of Market - Part 3

Do we Have 2 Years Left Before Financial Armegeddon?

Ross Perot & David Walker Discuss Economic Meltdown Heading For USA

Ross Perot Interview with USA Today

Ross Perot & former US Comptroller General David Walker discuss the economic issues

in this upcoming election and their fear that America is heading for a fiscal cliff.

This is an important interview that covers the state of the US economy and how it is 

effecting the country and your future and you should make time to watch. 

Take an hour and educate yourself!

Link is in headline or here:

http://www.c-span.org/Events/Ross-Perot-Interview-with-USA-Today/10737434517-11/

Denninger On Hidden GDP Tax On Capital Account

Jim Rogers - Economies To Worsen in 2013 & 2014

Peter Schiff On The Real Fiscal Cliff & How To Spot The Ledge

Where Do Your Taxes Go? More Than 53% Go To Support Wars !

Bill Black Fraud Report on GFC

FED Apologist CNBS' Steve LIESman Spins QE3 Trickle Down Effect

What Is Happening In Spain & Greece Are Coming To America Soon

The Pain in Spain is mainly everywhere! Yes, thats right Spain is the new Greece, with Italy in the wings ready to dance into the financial bailout polka. Spain has gone bank run with a vengeance, just like the smart money in Greece did over a year ago.  They got their EUros out because they know their banks, in this case Spanish banks, are bust. Spanish banks have seen a record 5% deposit outflow  in one month from local banks. And continued deposit outflows, redeposited somewhere else in Euroland,
mostly into Germany, Switzerland, Denmark & Gold. So Spain is looking at 1.1% of total or 17 billion Euros have left the country and are not likely to return to Spain anytime soon.

From Reuters:

Consumers and firms continued to pull their money out of Spanish banks in August but at a slower speed than in July, with private sector deposits falling slightly more than 1 percent as Spain was sucked into the centre of the euro zone debt crisis.

Private-sector deposits at Spanish banks fell to 1.492 trillion euros at end-August from 1.509 trillion euros in the previous month, hitting their lowest point since April 2008.

Can you say BANK RUN?

Which means cash reserves at Spanish banks are gone!

Which means that Spanish banks are bust, which mean more Spanish riots.


Here is a list of wobbling Spanish banks to watch and wonder about.

BBVA  (BBVA SM)
Banco Santander  (SAN SM)
Bankia (BKIA SM)
Caixabank (CABK SM)
Banco Sabadell (SAB SM)
Bankinter (BKT SM)
Banco Popular (POP SM)

Spanish Bond rates climbed above 6% today. If, or when they reach 7%, Spain won't be able to
pay for them. More bailouts or collapse.

You have Mr. Rajoy, the Spanish Prime Minister has unveiled Spain's budget for 2013 and is calling for....

43 new laws to bolster the Spanish economy

Spanish reform plan is to meet pledges to Euroland partners

Approves government decree on wage bargaining for businesses

And yet the Spanish budget remains unchanged as economic forecasts call for a .05% DROP
in Spanish GDP and see taxable revenue rise 3.8% next year.  To See a 5.6% rise in government spending and interests costs to jump 34% to 38.6 billion EUros.

Really!?!? Come on people. This isn't even smoke & mirrors BS. They are out and out lying and
the 25% unemployed in Spain will hit the streets. Cue the rioting. What will happen when the police realize they won't be paid either.  Hmmmmmm.

Oh, lets not forget that the Spanish government is going to tap - read STEAL - 3 billion EUros
from Spanish social security reserves to fund liquidity needs.  Which immediately sent the EUro to new weekly lows against the US dollar.

But that isn't the rub, nor does it explain our headline.

This is all foreshadowing what will happen in the USA.  This surreal financial nightmare,
depression will hit our shores with almost no warning. One day everything will be just
fine, but the next will go kablooie!

How can that be?  There are no high paying, family supporting jobs being created in America.
Without sustainable, high paying jobs, demand for goods and services, housing, manufacturing
all decline and create a depressionary spiral. Less jobs = less goods and services, less manufacturing, housing depression, etc.

Don't believe it can happen here?  Watch for CONgress to call for seizing,  401k retirement accounts
to help stabilize the US debt. OMG, this has already happened. Bet you didn't know!  SO.........

It is just a matter of time. It is all simple mathematics. We can't create more, gigantic debt, to pay off past debt. Won't work. We will go Weimar Republic or Zimbabwe first, then the rest of the world shuns us, then kablooie!  We are immediately third world banana republic, if we are lucky.

No politician's promise - read LIE - or government resolve - read Katrina - will stop this.  The only way out is to drastically cut spending immediately, and regressively raise taxes.
And this is something that the politicians will refuse to accept and will not do, and it is a remedy that the American public, 47 million of whom are on food stamps, and a whopping 48%  or 149 million Americans get aid or a check from the US Government will adamantly oppose.

So get ready. Our politicians will say no one saw it coming and want to declare war on someone or somebody. Which will most likely be the American people, just like every government that is vainly trying to cling to power.  

Be prepared. America is going feral. 

Biederman - Did Stocks Peak Last Week?

Is Spain Ready To Burn? What Does This Mean To Euroland?

Dr. Paul Craig Roberts - No Recovery Possible

Bankstatocracy

Kaminsky on CNBC - QE Will End UGLY! We All Know it!

David Stockman on The Fed Policy, Taxs & Sound Money

77% Of Investors Think QE To Infinity Will Fail Badly

Fake Gold Bars Found In NYC

New York News | NYC Breaking News

Fix The Deficit? Senator Alan Simpson's Thoughts

Biederman On QE To Infinity

EU Needs To Shake Out The PIIGS

Ron Paul On FED QE To Infinity & Beyond

Shadow Stats - Dollar Sell Off = Hyperinflation

US FED - QE To Infinity & Beyond!

The FED & Their Actions Are Political

Owning Stocks - Cult Of Equities

Capital Account - Can The Market Cure The Health Care Crisis?

Destroy The Rich & Everything Will Be OK

Should Corporations Profits Be Banned?

At 4:20 ....Santelli & Grant Explain Euroland Implosion

GATA'S Bill Murphy On Silver Shortage

CNBS: Euroland Is Teetering - Expect Bank Runs In Spain

Bill Gross - PimCo CEO - Gold Better Investment Than Stocks & Bonds

America is 16 Trillion In Debt - Over 222 Trillion In Additional Comittments

Max Keiser - War - Welfare & Whores

CNBS: No Fed Action Until Election? We Shall See

53% 0f Out Tax Dollars Goes Into War Spending

Jim Rogers On EU, US Election & Next Big Investment

Biederman: Who Is Gaming Whom?

Keiser Report: Monopolies & Mayhem

Jim Grant On Bloomberg Discusses The Fed Abuse & Gold Standard

QE = Counterfeiting ANd A Huge Hiddeen Tax On YOU!

Buffett Bailed On Muni's - You Should Too!

Gold & Silver Breakout? You Decide

Debased Currencies - Protect Your Self Silver! Gold! Oil! natural Gas!

FED Gets Political To Survive- Leans Blue

Santelli - Cornering Corzine

Euroland Collapse Inevitable - USA WatchDog

Keiser Report - QE = Stealing Savers Money

Endless QE? Ryan Budget is All Smoke & No Fire

Gold Buillion - Hold The Physical - Get Rid Of The Paper

Is The Economy Growing? GDP Is Rigged. Where Can You get Real Data?

IS The FED Bailing Out The White House?

Euroland Crisis - All Rhetoric, No Solutions - Nothing Has Changed

Neil Barofsky - Government Backs Wall Street Criminals - Where Are The Handcuffs?

Greece To Exit Euroland?

Wall Street Pump & Dump "Poof Your Money Is Gone - Groupon down 72% - FaceBook Down 32%

Margaritaville
Get More: SOUTH
PARKmore...

European Markets Are A Ponzi Scheme

Keiser Report - Jaimie Diamond New US Treasury Secretary?!?

U.S. On Unsustainable Debt Path = What Are You Going To Do?

William Black - Media Doesn't Care About Financial Fraud

Paul Ryan Medicare Cost Shifting - No Solutions - Standard Charter

Wall Street vs. City Of London

Open Season On All Customer Funds

RED ALERT: IT'S OPEN SEASON ON ALL CUSTOMER FUNDS

POSTED BY ANN BARNHARDT - AUGUST 10, AD 2012 3:33 PM MST

The NFA is collusion with the Banksters, government and judiciary have achieved their goal. The entire concept of "customer segregated funds" is officially, completely, legally dead.
Guys, it is OVER. I know that many of you are still cowering in normalcy bias, unable to deal with reality, unable to face the world as it is, but you have GOT to snap out of it. The marketplace is DESTROYED. You CANNOT be in these markets. All legal protections are now officially gone.
Do you remember how I told you about the Ponzi scheme that imploded in 2007 called "Sentinel Management Group" that stole over $500 million in customer funds? The NFA was the auditing regulator of Sentinel, and the NFA admitted after the Sentinel Ponzi imploded that they signed off on their audits even though the NFA claimed not fully understanding Sentinel's books or accounting methods. In other words, the NFA didn't really audit Sentinel at all - they just PRETENDED to audit them, drew up some forms, had some robosigners sign off, and then just hoped that when the shit hit the fan, everyone in the industry would be so terrified of the NFA that no one would hold the NFA accountable for their criminal malfeasance - or even talk about it.
Sentinel took customer segregated money and fraudulently used it as the collateral on a loan from Bank of New York Mellon for $312 million to fund their own in-house proprietary trading operations. When the Sentinel Ponzi collapsed, BNYM sued to go to the front of the line of creditors - ahead of the customers of Sentinel whose money was fraudulently used as collateral, which has now been "linguistically sanitized" into the word "hypothecated".
The federal appeals court ruled yesterday that not only does BNYM stay at the front of the line, but that using customer segregated funds as collateral is NOT a crime, and that co-mingling customer segregated funds with proprietary funds is NOT fraud.
Here is the Reuters piece.
Read this quote from the ruling, which is, in essence, the entire financial market paradigm being guillotined:

That Sentinel failed to keep client funds properly segregated is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud' its customers.

U.S. Circuit Judge John D. Tinder

What this means is that even if Jon Corzine is somehow dragged into court by private citizens, because you know damn good and well that the Justice Department will never, ever touch him, Corzine now has a legal precedent, likely from a bribed or otherwise coerced Federal Appeals Court, explicitly stating that an FCM can use customer deposits to pay its debts, and that the customers themselves are subjugated and have basically no legal right to their own monies, no matter what the law says, or what legal assurances, claims or guarantees are made to that customer about their funds held with an FCM or any other brokerage or depository institution. The "secured" party at the front of the line will always be the mega-bank who made the fraudulent loan using the stolen customer funds as collateral.
In other words, all customer funds in the United States are now the legal property of JP Morgan, Goldman Sachs, BNYM, or whichever megabank is the counterparty on the loans the FCM or depository institution takes out in order to fund its mega-levered proprietary in-house trading desks.
For the love of God, I don't know what more there could possibly be to say to snap you people out of your normalcy bias trance. You have GOT to get ALL MONIES out of the financial system NOW. This ruling sets precedence for every depository institution, not just futures brokerages. It is now legal in the United States for any financial institution to steal customer funds, borrow money against those funds for the uber-levered proprietary trading use of the financial institution, and the customers have ZERO CLAIM TO THEIR OWN FUNDS once they are in the custody of the financial institution.
The court has ruled that once your money passes out of your PHYSICAL POSSESSION, and I mean PHYSICAL possession, it is no longer yours, and you have no legal claim or legal recourse to it when it is stolen. This includes BANK ACCOUNTS. Money in a bank is in the possession of the BANK, not you. Do you comprehend this? The entire system is utterly devoid of any integrity or genuine security and is breaking down catastophically before our very eyes. You HAVE to comprehend that your money sitting in an account is no longer legally yours. You have to force your brain to process and comprehend this, no matter how incomprehensible it may seem. IT IS OVER. This is Marxist hell. We have arrived.
This ruling and precedent will be used by every brokerage, every bank, every insurance company and every pension fund to deny you your money when the financial system finally collapses, be it on Monday, or be it two years from now.

DO YOU UNDERSTAND?

You have GOT to GET OUT.

Visit Ann Barnhardt's blog & Read the rest here

Have An IRA? Brokerage Account? .....And Its Gone!

Money Launderers LOVE US Banks

Your Taxes Go Up - Big Banks Hide Wealthy Off Shore Tax Havens

What Else Is There Besides Gold?

Max Keiser - Financial Software Bots Gone Wrong

Capitol Account - Silver Manipulation? Naaaaaah

Why Spain Matters

From Phoenix Capital Research

Why Europe Matters… And How Spain Could Wipe Out Your 401(k)

August 6, 2012 By gpc1981

Many people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?”

The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which would mean the US facing a Financial Crisis at least on par with 2008.

How would this unfold?

To understand this, you need to understand how the European banking system works. By now everyone knows that many European countries have massive debt problems: Portugal, Italy, Ireland, Greece, and Spain, the infamous PIIGS.

Well, when these countries issue debt, it is mainly the European banks that buy it. So let’s say Spain issues €5 billion in new debt. Most of that will be snatched up by Spanish banks or some other European financial entity.

This bank will then park this debt on its balance sheet as a “senior asset” or an asset that has the least amount of risk (I realize this sounds insane given how bad Spain’s finances are, but this is how the banking system’s “risk models” work).

The bank will then use this Spanish bond to backstop loans to Spanish businesses, developers (not so much any more) even student loans: pretty much every other type of loan the bank might make.

On top of this, the bank will also use this Spanish bond to backstop hundreds of billions of Euros worth of trades.

Do you see the problem with this? If Spain defaults, one of the most important “assets” used to backstop its loan and trade portfolio goes up in smoke. At that point the bank is essentially insolvent and would have to liquidate its loan portfolio while trying to stave off a bank run (as you’ve likely noticed, Spain is facing bank runs galore).

So what? Who cares? This is Spain’s problem right?

Wrong. This is Europe’s problem as European banks across the board are sitting on Spanish debt: Spain’s sovereign bond market is €2.1 trillion in size.

So if Spain defaults, then a heck of a lot of EU banks (and some US banks for that matter) will see some of their “Senior Assets” go up in smoke, rendering them insolvent. This in turn could spread like wildfire throughout Europe’s banking system.

This is why the Spanish bank bailout was so rapid (it took only one weekend). EU officials know that if Spain’s banking system goes down, most of Europe will as well. This is also why EU officials continue to give money to Greece despite the clear fact that Greece is completely and totally bankrupt and has failed to meet fiscal demands placed on it throughout the EU Crisis.

Indeed, I wager most people at some point have asked themselves, “what’s the big deal about Greece? It represents only 2% of the EU economy. How is it that a country this small is still an issue after TWO YEARS!?!”

Now you know. By some estimates, Greece’s true debt exposure is north of $1 trillion. Lehman brothers had $649 billion in assets when it collapsed. Can you imagine the impact that a $1 trillion vacuum would have on the EU’s banking system (a banking system which backstops well over €200 trillion in derivative trades by the way).

How would the debt implosion of Spain’s $2.2 trillion in sovereign bonds affect the financial system? What about the effect of Europe’s $46 TRILLION banking system collapsing?

It would be Lehman by a factor of ten, easily.

So what does this have to do with the US?

Read the rest of the article here...........

Biederman - In Euroland, Hopium Springs Eternal

Eric Sprott - The Future Of SIlver

American Finance - No One Can Be Trusted

Stratfor Comments on Euroland Bailouts & Unemployment

Max Keiser - Another Day, Another Financial Crime

Santelli On Todays Market Upward Move

Knight's Capitol CEO - New Software Blew Up!

Central Banks Can Solve Nothing - Only Talk & Print Money

Knight Capitol Trading ALgos Lose $ 440 Million....Oooops

$ 2 Billion Returned To Clients - Markets Are Too "Distorted" By Central Banks

High Frequency Trading - Computer Flash Crash Averted?

The Fed IS Felonious Price Fixing - Ron Paul

What's Happening In Europe & Why It Will Come Here Next

Part 2 - What's Happening In Europe & Why It Will Come Here Next

Want To Know Where The Money Goes? Insane Military Costs

US Postal Service Default? What Next?

Stephen Roach - Where's The Beef Larry?

The Donald On Housing - BUY - Only Fools Tread Where Angels Fear To Buy

TARP Worst Financial Decision In US History!

Do The Crime And If You are Insignificant, Sometimes You Will Do The TIme

Corruption Continues...JIm Rogers On Ratigan MSNBC Show 1 Year Ago....Nothing Has Changed

More Financial Crimes - Who Knew?

HSBC - Loans To Terrorists, Money Laundering Drug Money - SSDD

Rick Davis & Biederman Discuss Anemic Financial Health Of USA

Debt Bomb - Look Out Below!

Doug Casey: rebound? What Rebound?

Dragi PUT - "Talk Your Book!" Central Bankers Only LIe & Print More Money

Scandal Everywhere! Will Anything Change?

Irish Bankers Arrested For MIsmanagement Of Funds

Double Dip? Yep. Markets Completely Rigged? Yep. Ponzi Scheme? Yes, That Smoke You Smell Is The World Financial Centers Burning! Wake UP!

Stephen Roach - Yale Prof. - Former Morgan Stanley QE IS Smoke For Crack Heads - QE DOesn't Work!

David Stockman - This Market Isn't Real - We Are At The End Of A Debt SuperCycle

Mark Faber On World Global Crash

Biederman - Get On The Bear - Stocks Will Be Down In The Long Run

The FED Is Not The Solution

How To Foil Your Own Terrorist Plot

Do You Believe In McGuffins? Government Does!

Poverty Levels In USA Reach 100 Million People

How To Stop A Massacre

Economic Collapse For Dummies

Where Money Goes To Die - Keiser Report

Europe - Give Up Sovereignty For More Loans

Are Silver & Gold Going Up In August? Bill Murphy of GATA

WIll LIEbor Scandal Bring Out Handcuffs For Wall Street?

CNBC - We Are Slaves To Central Bankers - Markets Are NOT Free

Paul Craig Roberts Former Asst. Sec. Of US Treasury On LIEbor Scandal

Peter Schiff - America Is Heading for A Financial Collapse

Santelli - What Is Wrong With Bernanke On LIEbor? Manipulation IS Manipulation

Santelli Rant On Liebor Scandal

Biderman Stocks 2X Higher Than Real Estate

David Stockman - The End Is Near!

JP Morgan Derivative Losses Climb to $ 6 Billion

Iran & Syria - Military Build Ups - Lie-Bor Scam Continues - What Next?

Investors FEAR Politicians - Market will Make Decisions If Politicians Don't

Max Keiser - Get A Broker's License...Steal Billions

Tavakoli On JPM Derivative Losses Of $ 5.8 Billion