Category Archives: money

Obama Robbed Investors To Prop-Up Obamacare

CONFIRMED: TREASURY SAYS OBAMA STOLE FROM FANNIE, FREDDIE INVESTORS TO FUND OBAMACARE

Docs reveal Obama defrauding mortgage investors

Via: | Infowars.com

WASHINGTON, D.C. – A careful analysis of the Treasury Department’s “Agency Financial Report for Fiscal Year 2013” provides evidence the Obama administration stole from Fannie and Freddie investors to fund Obamacare.

Guided by a CPA, who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac, Infowars.com has documented in the Treasury Department’s 2013 financial reports how the Obama administration diverted into Obamacare billions of dollars that Treasury confiscated from Freddie and Fannie earnings.

On Aug. 17, 2012, the Obama administration finalized the amendment of the Treasury Department’s Senior Preferred Stock Agreements with Fannie and Freddie that deprived private and institutional investors of their legally due dividend payments.

This enabled the Obama Treasury Department to confiscate billions of dollars in Fannie and Freddie earnings, in what is known as the “Net Worth Sweep,” or NWS.

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“Un-American” Globalist Trade: General Motors Becoming A Chinese Company

Give us a protective tariff, and we will have the greatest nation on earth.”   Abraham Lincoln

 

” Cadillac’s marketing people admit they cannot import Cadillacs into China without paying a stiff tariff. The Chinese government does this to encourage companies like GM to manufacture in China and hire Chinese. If our government put the interests of American workers and businesses first the same way China does, our people would not be jobless, our cities like Detroit would not be in ruins, and we would not be running trade deficits in the hundreds of billions of dollars.”  Curtis Ellis of American Jobs Alliance

General Motors is becoming China Motors. Forget the spin. The evidence is clear and convincing. Did U.S. taxpayers save GM for China? Listen to the candid comments of GM’s CEO.

 

 

 

China is replacing the US as the most important market and operation base

GM’s Chinese Sellout

Cadillac Sponsors Communist Propaganda Film

Volvo sold to Chinese automaker for $1.8 billion

General Motors Opens Cadillac Plant in Shanghai

Bailout Outrage: Chinese-Built Cadillacs to Be Sold in United States 

Why GM is importing a Buick from China?

Reality Bullseye archives: Free Trade

 

 

 

 

Egads! Police Are Scanning Your Credit Cards And Taking Your Money

 

Oklahoma Cops Find A New Way To Take People’s Money, Even If They Don’t Have Cash

“You have effectively a way of instantly seizing a digital account from a traffic stop. That’s a capability I have never seen before.”- Brady Henderson, legal director for ACLU Oklahoma

 

 

 

Popular Science: Card Readers Allow Oklahoma Highway Patrol To Seize Suspects‘ Money

Cops give new meaning to ‘ highway robbery’

Oklahoma Watch: New Front in Civil Forfeiture

Law Enforcement Seizures Misspent, Missing

 

 

 

 

Globalists: Looting Your Pension Money

Kiss Your Pension Fund Goodbye

Martin Armstrong: 

William K. Black :

“Why have a totally fraudulent financial system? Dr. Black, who is an expert in white-collar crime, says, “It’s hard to make money with competition.  It’s really hard.  People who have never been in business don’t understand how hard real competition is.  Real competition makes it hard to prosper, but if you rig the system, it makes it easy.  The reward for rigging is phenomenal.  We are talking every year, hundreds of billions of dollars in bonus compensation.  It’s far more than their straight salaries, and it is going to folks that it wouldn’t go to them if they didn’t rig the system.  And, no one is prosecuted.  They don’t even give back the fraud proceeds, even when they catch them red-handed.”

This means that when banks donate to top candidates in both parties, they are donating fraudulent banker profits. So, both the political system and the financial system are based on fraud.  Can fraud destabilize the entire system?  Dr. Black, who is also a professor of both economics and law at UMKC, says, “Obviously, it is the worst possible thing to do in terms of stability.  The way you rig these things doesn’t just make you wealthy, it creates asset bubbles, massive asset bubbles, the biggest in history...”

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Reality Bullseye archives: Banking

 

 

The Big Short: Truth Is Like Poetry, And Most People Hate Poetry

Truth is like poetry, and most people f*%*ing hate poetry.”   ‘The Big  Short’ movie

Control fraud occurs when a trusted person in a high position of responsibility in a company, corporation, or state subverts the organization and engages in extensive fraud for personal gain. The term Control fraud was coined by William K. Black to refer both to the acts of fraud and to the individuals who commit them.

 

 

 

 

To rob a country own a bank

The Best Way to Rob a Bank Is to Own One

Too Many of the World’s Most Elite Bank CEOs Embrace Control Fraud

 

 

 

Oil Cartel: Competition Is A Sin

Via: corbettreport

 

COMPETITION IS A SIN

When asked how he could justify the treachery and deceit with which he pursued the creation of the Standard Oil monopoly, John D. Rockefeller is reputed to have said: “Competition is a sin.” This is the mentality of the monopolist, and it is this justification, framed as religious conviction, that drove the oiligarchs to so ruthlessly eliminate anyone who would dare rise up as a pretender to their throne.

 

read the full transcript

 

 

 

 

We are swimming in oil

 

 

 

 

 

 

Stealing You Blind: How Government Fat Cats Are Getting Rich Off of You

 

 

It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an intrument of plunder.     –    Frederic Bastiat

 

Via: The Freeman by George C. Leef

 

Frédéric Bastiat introduced one of the most important concepts in political economy: “legal plunder,” the government’s forcible extraction of wealth from the populace for the benefit of the ruling class. French monarchs in Bastiat’s time sent out tax collectors to plunder the people, most of whom understood perfectly that the king was robbing them to pay for his extravagances and follies.

As Bastiat well knew, democratic governments also engage in legal plunder, although it is obscured by the myth that elected representatives do whatever is in the “public interest.” Under democracy the people supposedly are the government and therefore all its actions are justified. You certainly can’t steal from yourself.

Not so, declares Iain Murray of the Competitive Enterprise Institute in his book Stealing You Blind. Democracy is rife with legal plunder, Murray writes, and it’s no more justified than if a gang of thugs were to rob you at gunpoint. Politicians long ago figured out how to use government power to line their pockets, and special interest groups long ago figured out that by backing the right politicians, they could get far more wealth out of the public treasury than they could get through production and trade. As a result, Americans are heavily taxed to support “a new leisure class” that produces little or no value. It’s like having a huge tapeworm in your gut, feeding parasitically off the food you work to buy.

read the full book review by George C. Leef

 

 

 

 

ebook preview: Stealing You Blind: How Government Fat Cats Are Getting Rich Off of You

 

 

 

 

BAILOUT: THE MOVIE

Youtube.com

Bailout is the tale of an unemployed Chicago lawyer who stops paying his mortgage and enlists four friends (also unemployed) to join him in a Winnebago trip to Las Vegas. Their plan is tear a page out of Wall Street’s playbook and piss away the bank’s money by gambling and partying their asses off. Along the way our gang discovers first hand how Americans have been adversely affected by the financial crisis, principally through foreclosures. S ee first-hand how politically powerful banks are systemically eliminating America’s middle class through off-shored job losses and fraudulent home foreclosures.

 

 

MAD AS HELL from sean fahey on Vimeo.

An enigma wrapped in Doc-hybrid form, Bailout is a social documentary that explores American anger with the Wall Street elites who survive and thrive on their cancerous system of bailouts, fraud, and political corruption that actively work in concert to destroy Main Street. From entry-level workers in northeast Indiana RV factories to Congressional leaders to rock stars, Bailout tells the story of recent American economic events through the mouths of people who labored through thick and thin–what it was and how it has affected us all. The film focuses on unchecked financial fraud and the refusal to punish such fraud that lies at the root of our nation’s illness, examined through the well informed filter of its lead character, John Titus and his “dukes of moral hazard”. While many financial documentaries have done a great job of enraging audiences and leaving us shaking our heads, Bailout is a call to action inspiring Americans to exercise their right to speak out against injustice and take their grievances to the streets until their voices are heard. The film features well-known personalities from both sides of the political aisle leveling blistering attacks on the anything-for-big-banks culture that pervades all of politics today. Noam Chomsky, Chris Hedges, and Yves Smith deliver critiques from the traditional “left,” counter-balanced by MSNBC’s Dylan Ratigan, Florida Tea Party co-founder Karl Denninger, and Wall Street banking analyst Christopher Whalen. 

 

 

Tens of Trillions of Dollars are Being Extracted From The United States of America.

 

A Short History Of Paper-Money And Banking

 

The Best Way To Rob A Bank Is To Own One

 

 

 

 

US Economy Is A House Of Cards

 

by Dr. Paul Craig Roberts

 

The US economy is a house of cards. Every aspect of it is fraudulent, and the illusion of recovery is created with fraudulent statistics.

American capitalism itself is an illusion. All financial markets are rigged. Massive liquidity poured into financial markets by the Federal Reserve’s Quantitative Easing inflates stock and bond prices and drives interest rates, which are supposed to be a measure of the cost of capital, to zero or negative, with the implication that capital is so abundant that its cost is zero and can be had for free. Large enterprises, such as mega-banks and auto manufacturers, which go bankrupt are not permitted to fail. Instead, public debt and money creation are used to cover private losses and keep corporations “too big to fail” afloat at the expense not of shareholders but of people who do not own the shares of the corporations.

 

 

 

Profits are no longer a measure that social welfare is being served by capitalism’s efficient use of resources when profits are achieved by substituting cheaper foreign labor for domestic labor, with resultant decline in consumer purchasing power and rise in income and wealth inequality. In the 21st century, the era of jobs offshoring, the US has experienced an unprecedented explosion in income and wealth inequality. I have made reference to this hard evidence of the failure of capitalism to provide for the social welfare in the traditional economic sense in my book, The Failure of Laissez Faire Capitalism, and Thomas Piketty’s just published book, Capital in the 21st Century, has brought an alarming picture of reality to insouciant economists, such as Paul Krugman. As worrisome as Piketty’s picture is of inequality, I agree with Michael Hudson that the situation is worse than Piketty describes.

Capitalism has been transformed by powerful private interests whose control over governments, courts, and regulatory agencies has turned capitalism into a looting mechanism. Wall Street no longer performs any positive function. Wall Street is a looting mechanism, a deadweight loss to society. Wall Street makes profits by front-running trades with fast computers, by selling fraudulent financial instruments that it is betting against as investment grade securities, by leveraging equity to unprecedented heights, making bets that cannot be covered, and by rigging all commodity markets.

The Federal Reserve and the US Treasury’s “Plunge Protection Team” aid the looting by supporting the stock market with purchases of stock futures, and protect the dollar from the extraordinary money-printing by selling naked shorts into the Comex gold futures market.

The US economy no longer is based on education, hard work, free market prices and the accountability that real free markets impose. Instead, the US economy is based on manipulation of prices, speculative control of commodities, support of the dollar by Washington’s puppet states, manipulated and falsified official statistics, propaganda from the financial media, and inertia by countries, such as Russia and China, who are directly harmed, both economically and politically, by the dollar payments system.

As the governments in most of the rest of the world are incompetent, Washington’s incompetence doesn’t stand out, and this is Washington’s salvation.

But it is not a salvation for Americans who live under Washington’s rule. As all statistical evidence makes completely clear, the share of income and wealth going to the bulk of the US population is declining. This decline means the end of the consumer market that has been the mainstay of the US economy. Now that the mega-rich have even more disproportionate shares of the income and wealth, what happens to an economy based on selling imports and off-shored production of goods and services to a domestic consumer market? How do the vast majority of Americans purchase more when their incomes have not grown for years and have even declined and they are too impoverished to borrow more from banks that won’t lend?

The America in which I grew up was self-sufficient. Foreign trade was a small part of the economy. When I was Assistant Secretary of the Treasury, the US still had a trade surplus except for oil. Offshoring of America’s jobs had not begun, and US earnings on its foreign investments exceeded foreign earnings on US investments. Therefore, America’s earnings abroad covered its energy deficit in its balance of trade.

The economic stability achieved during the Reagan administration was shattered by Wall Street greed. Wall Street threatened corporations with takeovers if the corporations did not produce higher profits by relocating their production of goods and services for American markets abroad. The lower labor costs boosted earnings and stock prices and satisfied Wall Street’s cravings for ever more earnings, but brought an end to the rise in US living standards except for the mega-rich. Financial deregulation loaded the economy with the risks of asset bubbles.

Americans are an amazingly insouciant people. By now any other people would have burnt Wall Street to the ground.

Washington has unique subjects. Americans will take endless abuse and blame some outside government for their predicament–Iraq, Afghanistan, Libya, China, Russia. Such an insouciant and passive people are ideal targets for looting, and their economy, hollowed-out by looting, is a house of cards.

 

About Dr. Paul Craig Roberts

Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. Roberts’ latest books are The Failure of Laissez Faire Capitalism and The Failure of Laissez Faire Capitalism and Economic Dissolution of the West and How America Was Lost.