“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” – John Maynard Keynes, 1919

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig Von Mises, Human Action, a Treatise on Economics, (Fox & Wilkes, 4th rev. ed., 1963)

Spread this video around people.

Former government employees (FDIC, HUD, Treasury, etc.) along with former banking employees, open up their own asset management company or become affiliated with a successful one. The FDIC closes down a “bad” bank with not enough clout to remain open. The FDIC with bankroll from the Treasury, sends the book of real estate to the asset manager at written down levels. The asset manager has to come up with 15% cash, and the rest is financed by the feds at dirt cheap rates. Until the loan is paid off, the feds are 50% partners in the equity of the property going forward, however….they cover most of the potential loss going forward, as well as cover a 1% management fee on the value of the asset.

Now….the asset manager needs to raise cash in order to gobble up these sweetheart deals. How do they do this? By courting money from THE SAME BAKS THAT HAVE BEEN BAILED OUT OF THEIR OWN UNDERWATER PROPERTIES AND ARE NOW SITTING ON HUNDREDS OF BILLIONS OF TAXPAYER HANDOUTS!!!

That’s right……the Goldmans and JP Morgans of the world force the closure of direct competition, have their own losses covered by taxpayer money after they ditch the mortgages they want to, get to carry their own books at whatever level they want to, then go back into the market and scoop up THESE SAME PROPERTIES along with those of freshly deceased banks at a new gutted price.

Not only are they picking these assets up at a reduced level, but they are getting near 0% loans to do it with. Oh…and to top it off, the asset management company will pay them close to 10% in order for the investor to come up with the 15% cash down payment. In return, the asset management gets a fee and they then split the remaining equity on the deal with zero risk to themselves. If a property value is underwater or can’t sell….no big deal because the entire nut is being financed with government free money….but if it is doing well, the management group will pay off the loan in order to get the feds out of their equity position….then go and sell the assets for a profit which they split with their investor who financed the whole thing with bailout money!

John or Joan Q. America….I Ashamed…really, sincerley.

These videos quite plainly show how apathetic we have become. Oh And Yeah I used to be this way. Fortunatley in 2004, I woke up.  After viewing these, I suggest we as Americans, all do the same.

WAKE UP!

Even worse:

Repeal the 1st Amendment anyone?

“For the first time in its history, Western Civilization is in danger of being destroyed internally by a corrupt, criminal ruling cabal which is centered around the Rockefeller interests, which include elements from the Morgan, Brown, Rothschild, Du Pont, Harriman, Kuhn-Loeb, and other groupings as well. This junta took control of the political, financial, and cultural life of America in the first two decades of the twentieth century.”
The late Professor Carroll Quigley ( Georgetown University )

Lets ask The “Federal Reserve Inspector General” A  few simple questions regarding basic accountability:

Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is, where it’s gone.  Does anyone find this a bit……odd? What exactly does this woman do then? She avoids answering direct questions pretty well.

This article is quite interesting and very lengthy. For the full article please visit:
WorldReports.org

LONG-RANGE SUBVERSION STRATEGY THWARTED BY INTERNATIONAL ACTION
Thursday 7 January 2010

PENDING SMKM/CMKX CASE AGAINST THE S.E.C. WILL BE THE BIGGEST FRAUDULENT FINANCE LAWSUIT IN HISTORY: MASSIVE SCAMMING PLATFORM RUN BY BUSH JR.’S S.E.C.

OPERATION STILLPOINT was finally DEFEATED with the confirmation, application and decisive consequences of the sovereign lenders’ Writ of Execution, followed by imposition of the massive Lien against the US Treasury for $47 trillion which the defrauded parties, the Chinese authorities and the British Monarchical Power, had to execute on or about 6th December 2009.

However, notwithstanding that OPERATION STILLPOINT has been destabilised, degraded, collapsed and is in the process of being dismantled – and the Republic therefore prospectively rescued at the last moment from what was intended by its sworn enemies – certain operatives, including Leon Panetta, Timothy Geithner, Mrs Hillary Clinton, former Vice President Richard B. Cheney and, at the bottom of the pile of snakes, Wanta, have had a problem getting used to the NEW PARADIGM, whereby the subversives engaged in the systematic sabotage of the ongoing US financial restitution operations (in order to ‘rescue’ OPERATION STILLPOINT), have now been placed not only firmly on the defensive, but in a bind from which they cannot extricate themselves (even though their arrogance remains such that they imagine that they can).

OPERATION STILLPOINT, re-invoked in sterile fashion by Wanta in November 2007 to trigger the domino effect, was put together by the traitors George Bush Sr. and Dr Alan Greenspan. When the exposures and the September 2008 ‘lockdown’ stymied the Paulson Treasury, strenuous efforts were made to saddle (intended) President Obama with a team of colleague-snakes who could be relied upon to revive, perpetuate and conclude OPERATION STILLPOINT beyond Stage 2. This team of traitors is now under intense pressure, as indeed are ALL personnel within and beyond the US official structures who have participated in these unending criminal operations, serving the interests of enemy foreign powers, to bring the United States and its people to their knees

CRUCIAL MEASURES TO BACK UP THE $47 TRILLION LIEN ON THE TREASURY
As indicated, patience on the part of the reader is necessary because we first have to address the present situation, which is explosive and historically unprecedented. Specifically:

• INTERPOL’S DIPLOMATIC IMMUNITY AND HABEAS CORPUS:
For the purposes of surmounting this crisis, and FOR NO OTHER PURPOSE, contrary to the ignorant knee-jerk chatter on many websites, President Barack Obama promulgated Executive Order 13524 on 16th December 2009, which amended Executive Order 12425 dated 16th June 1983 (amended by the Executive Order 12971 dated 15th September 1995) so as ‘to extend the appropriate privileges, exemptions, and immunities of the International Criminal Police Organization (INTERPOL)’.

• The effect of President Obama’s Executive Order of 16th December 2009 is to grant INTERPOL full immunity from search and arrest or seizure of all INTERPOL properties including the agency’s own personnel, thereby providing INTERPOL with de facto diplomatic immunity.

This is a truly historic development, because it means that for the purposes of resolving this crisis HABEAS CORPUS IS SUSPENDED. The last time this happened was under President Lincoln.

The US Government has surrendered its authority to an international organisation charged with investigating corruption inside the US Government’s own structures. The United States has not been sovereign since the Lien Holders had to proceed with executing their Lien on or about 6th December 2009, but will of course resume its sovereign status on satisfaction of the Lien.

With Habeas Corpus suspended for the purposes strictly of procuring compliance with the Writ of Enforcement and the huge Lien against the US Treasury and thus the (legitimate) Settlements, the heavily armed status of INTERPOL and other foreign enforcement personnel that are operating under diplomatic cover to bring this crisis to resolution on behalf of the injured parties, the myriad Ponzi victims of the Syndicate’s schemes, the United States, the American people and the Rest of the World, can be more readily appreciated.

• ALL MONEY SABOTEURS = ECONOMIC TERRORISTS
As revealed in our 28th December report, on the basis of information divulged to us on 26th December 2009, the US Department of Justice within the Executive Branch has implemented a fundamental POLICY CHANGE, having determined in December, against the background of the execution of the Lien for $47 trillion against the US Treasury, that:

• ALL individuals and entities within the US jurisdiction that have participated in the stealing, diversion and conversion of funds belonging to others, INCLUDING past and present officials within the US Government and its structures, WILL BE INVESTIGATED AND PROSECUTED FOR ECONOMIC TERRORISM perpetrated against the United States and the American people (and the Rest of the World). Specifically:

• ANYONE, whether officials in, or formerly in Government, whether CEOs of financial institutions or lower-ranking bankers, partners in ‘involved’ US law firms, all intermediaries and intelligence operatives and others who have been engaged in obstructing the Settlements process by ANY MEANS AND AT ANY TIME IN THE PAST, and who have, by their actions, contributed to the DELAY, are being treated forthwith as ECONOMIC TERRORISTS – by the US justice system itself.

• Perpetrating ECONOMIC TERRORISM will be, and is, to be treated as TREASON by virtue of the fact that it entails DECLARING ECONOMIC WARFARE AGAINST THE UNITED STATES OF AMERICA AND ITS PEOPLE, AND AIDING AND ABETTING THE ENEMIES OF THE UNITED STATES.

• The penalty for TREASON IN TIME OF WAR is summary execution.

• This decision PRECISELY REFLECTS what we have been proclaiming in this column for the past three years. We are informed that the US Justice Department has at long last understood what we have been saying, and has been galvanised by the horrendous implications for the $47 trillion Lien on the US Treasury and its decisive ramifications, into adopting the foregoing as RIGID OFFICIAL POLICY from which no deviation will be permitted.

• It follows that the US Attorney General and all the State Attorneys General are obliged to act vigorously on the basis of the POLICY CHANGE, or they themselves can and will be arrested for obstruction of justice by INTERPOL personnel and then extradited to a jurisdiction such as the British jurisdiction for defying obligations imposed on them by International Law.

• It should NOT be assumed that this POLICY CHANGE arises because of a change of heart at the US Department of Justice (resulting for instance from reading our reports). On the contrary:

• This POLICY CHANGE is a direct consequence of the situation arising from the implementation of the Lien and the drastic enforcement measures that are being taken inside the United States by the international cadres and ‘men in suits’ referenced in recent reports. President Obama’s Executive Order Amending Executive Order 12425 dated 16th December and publicised by the Office of the Press Secretary, White House, on 17th December 2009 [see above], to ‘extend the appropriate privileges, exemptions, and immunities to the International Criminal Police Organization (INTERPOL)’ is associated with this POLICY CHANGE at the US Department of Justice.

• Finally, since this is, as reiterated, an official POLICY CHANGE, its full implementation is NOT dependent upon finalisation of the Settlements. This reality should quickly lodge itself inside the brains of the official and financial sector criminal financiers and thieves, who face investigation and prosecution ANYWAY. Obviously, if they persist with their obstruction, thefts and diversionary operations, they will be increasing their chances of being summarily executed for treason.

• EVERYBODY INVOLVED IN DEFRAUDING THE UNITED STATES IS TO BE TARGETED:
Although this fact is confirmed above, it was REITERATED with further emphasis to this service on 3rd January that EVERYBODY, without exception, who has been involved and remains involved in defrauding the United States and the American people is going to be investigated.
See more at: WorldReports.org

How Russia Is About to Dramatically Change the World
January 5, 2010

The Trumpet.com

Over the next few days, Russia will change the world. It has completed a new oil pipeline and port complex that sets Russia up to become a more powerful oil exporter than Saudi Arabia. The ramifications for Europe and Asia are profound: The shape of the global economy—and the global balance of power—will be altered forever.
December 28 was a big day of ceremony in Russia. Prime Minister Vladimir Putin pushed a button that transformed global oil dynamics—especially for Asia and Europe. The button released thousands of barrels of Siberian crude into a waiting Russian supertanker and heralded the opening of Russia’s first modern Pacific-based oil export facilities.

The multibillion-dollar, state-of-the-art oil terminal was a “great New Year present for Russia,” Putin said during the inauguration. The strategic terminal, located in the city of Kozmino on the coast of the Sea of Japan, is one of the “biggest projects in contemporary Russia” he said, not only in “modern Russia, but the former Soviet Union too.”

Putin has every right to be enthusiastic about his new port. Kozmino will unlock a two-way gate through which Russia’s vast Siberian oilfields will gush into Asia’s energy-hungry economies—and Chinese, Korean and Japanese currency will flow into Russia.

If just the seven ships currently waiting to berth are all filled during January, the port of Kozmino will instantly become Russia’s third-most important oil outlet.

According to Reuters, the first oil transport loads on January 15. In a symbolic move highlighting Russia’s warming relationship with China, Hong Kong will receive the first shipment.

After that, Kozmino’s importance will exponentially grow over the next year. Currently, all Siberian oil shipments into Kozmino are delivered by train—but that will soon change. Phase one of the East Siberian-Pacific Ocean Pipeline (espo) was also completed during December. Phase two will soon connect the Siberian fields directly to the new port. When phase two is finished in 2012, total exports could jump from the current rate of 250,000 barrels per day to over 1 million. Kozmino will transform into one of the largest oil centers in the world—capable of handling 16 percent of total Russian oil exports. It will be one of the most strategic geopolitical assets in Russia’s arsenal.

Russia pumped more than 10 million barrels of oil per day during November. With Saudi Arabian production falling, Russia is now the world’s largest oil exporter. Toss in Russia’s natural gas exports, and Russia is the biggest energy superpower in the world, by far. That does not even count Russia’s massive uranium resources and nuclear expertise.

But here is why the new port in Kozmino could radically affect the future of both Asia and Europe. For over a century, Russia’s entire energy infrastructure has focused mainly on supplying Europe. That has now changed forever!

The first and now-complete phase of the espo pipeline, which connects Russia’s Siberian oil fields to China, is already destabilizing global oil dynamics and shifting them in Russia’s direction. “espo is what political strategists might call a ‘game-changer,’” writes the Telegraph. “It means that Russia will be able to send its oil either east or west—so it can drive a harder bargain when selling crude to Europe” (emphasis mine throughout).

Previously, when Russia has had pricing disputes with Europe, Moscow had to play the embargo card with an obvious bluff. It had no other alternative outlet for its oil. Without the Europeans, its oil would sit in Samotlor and Tyanskoye, costing money instead of making it. But now Moscow can turn off the tap to Europe and still pump in the profits by opening the pipe wide to its energy-hungry Asian partners.

But Russia’s stranglehold on Europe is about to get even tighter—much tighter. By 2012, the espo pipeline will be twinned with a pipeline for natural gas exports so Russian gas supplies can also flow east instead of west if necessary.

This development is truly scary to Europeans.

Moscow has already demonstrated that it isn’t afraid to turn off Europe’s energy supplies when it feels it needs to. In the middle of winter 2006, Russia shut off gas supplies to Germany, and several other countries, in order to punish Ukraine. Since then, it has repeatedly used the same method to strong-arm its former Eastern European satellites back into accepting Russian dominance.

The message is clear: Russian oil and gas supplies are a weapon to be used—or not used—to freeze opponents into submission.

Europe, in a tenuous relationship with Russia to begin with, desperately needs to secure another source of energy. Only one other region in the world can supply the energy to warm and lubricate modern Europe’s homes and industries: the Middle East. Countries like Germany, which imports 90 percent of its oil, are now much more dependent on one of the most volatile regions of the world for power supplies.

It is inevitable that Berlin will seek to expand its ties with oil-rich Gulf Cooperation Council members: the United Arab Emirates, Qatar, Bahrain and especially Saudi Arabia, the world’s second-largest petroleum producer. Europe has no choice but to become much more intimately involved with the affairs of the Middle East—a region from which 40 percent of its oil is currently derived.

It is therefore no surprise that Germany, the most dominant nation in Europe, has made sure it has troops on the ground surrounding this Middle Eastern “golden triangle” of energy production (Gulf Cooperation Council members plus Iran and Iraq). On the seas, the European Union’s naval presence is growing too. The European anti-piracy task force operates in both the Gulf of Oman and the Gulf of Aden. Forty percent of the world’s ocean-borne oil is shipped through the Gulf of Oman.

Europe is critically dependent on imported oil. And Germany knows it must have a strong presence in the world’s most oil-rich region if it is to secure its flow and the country’s future.

The Bible predicts that a major military clash will soon occur in the Middle East—specifically between a European power, led by Germany, and radical Islam, led by Iran.

Daniel 11:40-45 indicate that Iran will continue to push at this European power until it finally responds in “whirlwind,” blitzkrieg-type fashion. As we have explained for almost 20 years—and has been borne out repeatedly in real-world events—the “king of the south” spoken of in these verses is radical Islam under the leadership of Iran. And as Trumpet editor in chief Gerald Flurry has written, a big part of Iran’s push against Europe will involve oil.

The Middle East is a powder keg that could explode at any time. Syria dominates Lebanon and is stirring up trouble there. Iran is about to create a nuclear weapon and has said it wants to wipe Israel off the map. It is test firing missiles that can strike European capitals. Israel knows that the window to prevent Iran from getting the bomb is closing. Hamas is preparing to violently take East Jerusalem as a Palestinian capital. Israel is about to release 1,000 terrorists back onto the streets in return for one captured Israeli soldier.

And to top it off, the world is in the midst of its worst depression since the 1930s. Oil prices remain above $70 per barrel, and the International Energy Agency has indicated that world oil production will now peak in 2020—10 years sooner than prior estimates. Some analysts think the world has already reached peak oil production.

In this climate of global instability, Russia’s recent moves on the world’s oil stage will be amplified in dramatic fashion. By unlocking Siberia’s energy reserves, Russia is simultaneously binding Asia together and lighting a fire under Europe. Watch for the development of an Asian alliance between Russia, China and Japan. And watch for Europe’s next moves toward the Middle East.

In the dead of night on December 17, 2009, President Barack Hussein Obama placed the United States of America under the authority of the international police organization known as INTERPOL, granting the organization full immunity to operate within the United States.

Last Thursday, December 17, 2009, The White House released an Executive Order, 13524,  ”Amending Executive Order 12425.”

It grants INTERPOL (International Criminal Police Organization) a new level of full diplomatic immunity afforded to foreign embassies and select other “International Organizations” as set forth in the United States International Organizations Immunities Act of 1945.

By removing language from President Reagan’s 1983 Executive Order 12425, this international law enforcement body now operates – now operates – on American soil beyond the reach of our own top law enforcement arm, the FBI, and is immune from Freedom Of Information Act (FOIA) requests.

What, exactly does this mean?  It means that INTERPOL now has the full authority to conduct investigations and other law enforcement activities on U.S. soil, with full immunity from U.S. laws such as the Freedom of Information Act and with complete independence from oversight from the FBI.

In short, a global law enforcement entity now has full law-enforcement authority in the U.S. without any check on its power afforded by U.S. law and U.S. law enforcement agencies.

A bit of background is in order here, and Hot Air provides it:

During his presidency, Ronald Reagan granted the global police agency Interpol the status of diplomatic personnel in order to engage more constructively on international law enforcement.  In Executive Order 12425, Reagan made two exceptions to that status.  The first had to do with taxation, but the second was to make sure that Interpol had the same accountability for its actions as American law enforcement — namely, they had to produce records when demanded by courts and could not have immunity for their actions.

Barack Obama unexpectedly revoked those exceptions in a change to EO 12425 last (week)…

Thus, Interpol now can conduct its operations on U.S. soil with ZERO accountability to anyone in this country.

And you beginning to understand now just what the ‘end game’ is on the part of those who are currently running the U.S. Government?

Let’s go a step further in fleshing out exactly what this means in practical terms.  It gets ugly…and scary.  Again, from ThreatsWatch:

Section 2c of the United States International Organizations Immunities Act is the crucial piece.
Property and assets of international organizations, wherever located and by whomsoever held, shall be immune from search, unless such immunity be expressly waived, and from confiscation. The archives of international organizations shall be inviolable. (Emphasis added.)

Inviolable archives means INTERPOL records are beyond US citizens’ Freedom of Information Act requests and from American legal or investigative discovery (“unless such immunity be expressly waived.”)

Property and assets being immune from search and confiscation means precisely that. Wherever they may be in the United States. This could conceivably include human assets – Americans arrested on our soil by INTERPOL officers.

Why would INTERPOL be arresting American citizens on our own soil, without oversight from our own law enforcement agencies?  And remember, citizens who are thusly arrested would have no legal authority to demand full documentation from the International Police concerning the charges brought against them.

Andy McCarthy at National Review asks these crucial, sobering questions of the secretive Obama order:

Why would we elevate an international police force above American law? Why would we immunize an international police force from the limitations that constrain the FBI and other American law-enforcement agencies? Why is it suddenly necessary to have, within the Justice Department, a repository for stashing government files which, therefore, will be beyond the ability of Congress, American law-enforcement, the media, and the American people to scrutinize?

At least one answer to these questions is very clear.  A coup is underway in the United States of America, the goal of which is to establish complete, unquestioned authority over the citizens–a ‘fundamental change’ to the United States where citizens have no legal recourse against an authoritarian central government.

Jesse’s Cafe Americain

NY Times

How fitting, to mark the high tide of the will to power of the Anglo-American banking cartel. No better symbol of hubris, of the overreach driven by obdurate insensitivity and sociopathic greed, of the cult of ego and the darker impulses of the human heart, that creates nothing.

Honoring the man as the epitome of 2009, a man whose bank helped to precipitate one of the greatest financial crises, if not crimes, of the century, and used it as a means of profit for their own ends. No matter what damage was caused in the process, what corruption was required to undermine the nation’s well-being, thereby sowing the seeds of their own eventual destruction.

And no better day for it, than on the eve of the commemoration of the renewal of life, of genuine value, of the perennial yearning of the human spirit from within the images and the shadows, a turning away from the stench of corruption and decay, and into the light.

“For what shall it profit a man, if he gains the whole world, but loses himself?

Not even the whole world, but bragging rights, a false bravado, and a bonus.

The man of the year indeed. King of the ash heap, almost universally held in contempt. And in the end, alone. Not even rising to the level of high tragedy, but merely furtive, grasping, manipulative, pathetic. A monument to banality, and the hollowness of Western materialism.

SIR JOSIAH STAMP, (President of the Bank of England in the 1920’s, the second richest man in Britain)

Just when you thought you had seen it all, this gentlemen mentions, on mainstream media, one of my favorite political criminals “Hank Paulson” the man who held an open house at the treasury for the Wall Street Elite,  and the “Illuminati‘?

Slip of the lip? Perhaps he was using the word Illuminati loosely, as in “the powers that be” or “elected officials”. Well we had to post it this Sunday morning, based just on the fact that it is entertaining

By the way, I was just kidding about Paulson Being my favorite criminals, Dillinger, has always been in that spot. Sorry Hank.

Read full article at : http://scrumpthetexan.blogspot.com/

“Fascism should rightly be called Corporatism as it is a merge of state and corporate power.”~ Benito Mussolini.

Well, I feel so much better.

Just a short viewing of the controlled Corporo-Governmental Media has assured me that “Recovery” is happening now.

I think I’ll just go right out & buy a few stocks.

DO NOT BELIEVE THE LIE

You are being lulled into a state of sleep… a dangerous place where the Nightmares are REAL, the Damage is PERMANENT, and Escape is NO LONGER POSSIBLE.

Administration following Administration has been “infiltrated”… and I put that in quotes because infiltration suggests that it wasn’t intentional…

By Criminal Banksters that are transforming our World into a completely controlled Fascist-Ruled Serf society.

Don’t think so?

Just wait. Do what you can to prepare yourselves. Don’t be caught unaware.

Remember, a HUGE number of Americans lost FORTY PERCENT of their total Net-Worth just one year ago… which means that you still have SIXTY LEFT TO LOSE.

Wake Up
Scrump

The Articles

One French super-bank (who received 11 Billion of U.S. Taxpayer money) is *sort of* telling the truth… *sort of*, because it’s not going to take two years…

Société Générale tells clients how to prepare for potential ‘global collapse’
By Ambrose Evans-Pritchard
Published: 6:12PM GMT 18 Nov 2009

Société Générale has advised clients to be ready for a possible “global economic collapse” over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.

In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.

Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private.

It must be reduced by the hard slog of “deleveraging”, for years.

“As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse,”…
www.telegraph.co.uk

The unemployment numbers are MUCH worse than are being reported… this is “Recovery”?

The worst is yet to come: Unemployed Americans should hunker down for more job losses
BY Nouriel Roubini
Sunday, November 15th 2009, 4:00 AM

Think the worst is over?

Wrong.

Conditions in the U.S. labor markets are awful and worsening.

While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.
www.nydailynews.com

And the Housing collapse?

It’s not only not getting better… It’s getting worse

Mortgage delinquencies hit another record in 3Q
Nov 17, 6:50 AM (ET)By EILEEN AJ CONNELLY

NEW YORK (AP) – The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.

For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due, according to credit reporting agency TransUnion.

That’s up 58 percent from 3.96 percent a year ago.

Being two months behind is considered a first step toward foreclosure, because it’s so hard to catch up with payments at that point…
apnews.myway.com

Things are looking strangely familiar

Post-Lehman Deja Vu As T-Bill Yields Turn Negative
Submitted by Tyler Durden on 11/19/2009 15:22 -0500

The last time Bill yields turned negative (in essence investors paying the Government to hold their money for them) was in the days after the Lehman bankruptcy, when the entire world was about to blow up.

So why did Bill yield for January maturity just turn negative once again? In other words, why are investors suddenly running for the hills? As Dow Jones reports, January and February bills hit a yield of -0.03% earlier.

Some explanations have to do with Bill scarcity, as nobody wants to be exposed to anything beyond 3 months down the curve, let alone 1 year.

However, the fact that bond investors may not be buying into the whole recovery BS (or just realize that there is nobody willing to roll near-dated treasurys into longer-tenor pieces of paper) and are once again running scared and willing to pay Ben Bernanke to hold their money for them should be very, very troubling…
www.zerohedge.com

We just posted a Reuters news article in our forum in reference to Barack Obama and the situation in Afghanistan.

Reuters Article

After reading this article, I sat and pondered. I remember watching all of the primary election debates and discussion, and remember how angry I became each time the candidates made their typical empty promises. I don’t want to go off the track here, but this of course does not include Dr. Ron Paul, whom I backed in this last election, and who was marginalized the entire election, and marginalized is being polite. At some points he was made out to look like a kook by Mainstream Media, and the other candidates.

So here we are 1 year later, And Mr. Obama so far, has proven that he is nothing more than a liar.

And to top it all off, he was awarded the Nobel Peace Prize. For what?  What he is going to achieve?

“The Committee has attached special importance to Obama’s vision of and work for a world without nuclear weapons.”

In the video below, he makes the following statement:

“I will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home. We will bring an end to this war….”

Perhaps he is math challenged? 2017 is is 7.2 years away approximately. How many more deaths? How many more injuries? And for what?  I’m once again angered.  At the lies, and I’m sorry to say at the American people. For one reason only, for voting  a man into office who’s only talent is that he is articulate and smooth when speaking. Other than this, I’m sorry, he has shown me nothing other than his willingness to:

Nationalize the banking industry, the auto industry, soon the health care industry, perhaps Private Pensions as well?

Once again, America voted for change? Well I smell it coming. The Socialist States of America.