Axiom 2010: The “Truth Tellers” Conference

May 15, 2010

source: We Are Change, Utah  May 15, 2010

Register at

We Are Change, Utah, is proud to announce the first annual Axiom 2010: The Truth Tellers conference, to be held in Salt lake City, Utah. The event will be held at the Salt Lake Community College campus located in Sandy, Utah from Friday July 30 thru Sunday August 1st (9am-10pm each day).

Axiom [ak-see-uhm]

(1) a self-evident truth. (2) a universally accepted principle or rule.

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US Charges Goldman Sachs With Fraud

April 16, 2010

Lets hope this is the FIRST DOMINO of many..unfortunately it is only a civil fraud complaint, as opposed to a criminal complaint.

And this is from CNN:

The Securities and Exchange Commission’s civil fraud charges against Wall Street giant Goldman Sachs includes information that could damage another titan of finance: John Paulson.

Paulson does not appear as a defendant in the SEC’s lawsuit, which hones in on whether Goldman Sachs (GS, Fortune 500) disclosed conflicts of interest. But if the allegations in the suit are true, then Paulson had inside, perhaps non-public, and very material knowledge about a security that made him money ….

by John Byrne  source: Raw Story  April 16, 2010

The Securities and Exchange Commission has charged investment banking titan Goldman Sachs with civil fraud over a pre-packaged mortgage instrument they say was designed to fail.

Goldman Sachs created the derivative — called Abacus 2007-AC1 — in response to a request from a hedge fund manager who predicted that the housing market would collapse and wanted to bet against it. The trader, John Paulson, later earned $3.7 billion for his wager. Goldman’s practices cost investors $1 billion, according to the filing.

According to the New York Times, which first revealed details of the Abacus case, the instrument was among 25 Goldman created so that clients could bet against the housing market:

As the Abacus deals plunged in value, Goldman and certain hedge funds made money on their negative bets, while the Goldman clients who bought the $10.9 billion in investments lost billions of dollars.

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Dylan Ratigan Touches Upon Federal Reserve Con

April 10, 2010

I normally try not to carry mainstream news anchors like Olberman, Beck, Maddow, etc. – especially twice in 2 days of the same anchor, but none-the-less, now I have done it. Normally Anchors have us working against each other, but Dylan Ratigan is close to hitting the “nail on the head.”

source: MSNBC      April 10 ,2010

  Part 1 of 2

  Part 2 of 2

Abandon False Hope … And Get Some Real Hope

January 5, 2010

source: Washingtons Blog   Jan 4, 2010

It is easy to be skeptical.

Virtually all of our politicians are corrupt. See this, this and this.

The giant banks are running the show.

The healthcare bill being rammed through Congress “is just another bailout of the financial system“, and law school professors say that it is unconstitutional.

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Something To Do: Move Your Money From Your Giant Bank to a Community Bank

December 30, 2009

source: Washingtons Blog

On November 18th, I suggested that everyone:

Move your money from one of the companies that are treating the American Citizen like we work for them and who are holding the economy hostage to a company which has not been bailed out by us, and is not taking our deposits and using them to speculate in casino style gambling

Now Huffington Post – one of the world’s most popular news services – has taken up the call.

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Cash From Organized Crime ‘Rescued’ Banks During Crisis: UN Official

December 13, 2009

drugmoney Cash from organized crime rescued banks during crisis: UN official

Source: RawStory

December 12th, 2009

The vast majority of an estimated $352 billion in proceeds of organized crime, mostly from the drug trade, was funneled through the global banking system during the financial crisis of the past two years, and in some cases, the money rescued banks from collapse, says the head of the UN Office on Drugs and Crime.

Antonio Maria Costa told the UK Observer that intelligence agencies and prosecutors alerted him 18 months ago to evidence that drug money was being “absorbed into the financial system.”

“In many instances, the money from drugs was the only liquid investment capital,” Costa said. “In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor.” Read the rest of this entry »

Ben “B.S.” Bernanke: Auditing the Fed…” would serioulsy stabiltiy in U.S.”

November 28, 2009

Imagine you as a private citizen are applying to buy a house.

 You need a loan from the BANK during volatile times, much like the markets have seen in the last 1-2 years.

The BANK wants to know why it should lend you its trust, or money to you to the buy the house. Recently many of the BANK’s customers have not been able to pay back their loans to the BANK, so it wants to know as much as it can about you and your abilities to pay the loan back. Read the rest of this entry »

Ron Paul’s Bill to Audit the Fed Is Now Veto-Proof

September 17, 2009


source: Washingtons Blog

As Kurt Nimmo previously noted:

 [Ron Paul's] Federal Reserve Transparency Act, HR 1207, [is] now up to 232 co-sponsors. It needs a two-thirds vote with 290 members on board so … Obama will not veto it.

 Ron Paul’s office has just confirmed that 290 members are now on board supporting the bill.

Here is the list of 289 supporters (plus Paul equals 290).

Obviously, support in the Senate for the parallel bill is crucial. According to Zero Hedge, there are approximately 25 co-sponsors for Sen. Bernie Sanders’ S 604 Bill, “The Federal Reserve Sunshine Act of 2009.

The Big Banks Have Gotten Bigger

September 16, 2009

source: Washingtons Blog

In a post called “Break Up the Big Banks”, Rolfe Winkler provides a nice graphic showing that the too big to fails have gotten bigger:

The big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks — Citigroup, JPMorgan Chase, Bank of America and Wells Fargo — held 32 percent of all deposits in FDIC-insured institutions. As of June 30th, it was 39 percent.create animated gif

In total, they had $3.8 trillion worth of deposits as of June 30th. Compare that figure to the FDIC’s Deposit Insurance Fund, which showed a balance of just $10.4. billion on the same date.

Reverse Bank Robbery

September 2, 2009

source: UK Guardian

No wonder America’s banks are making profits again: the US government is bribing them to borrow its own money….

Most of us work for a living, the rest are bankers. These days the news is filled with great tales about how America’s banks are coming back.

Even that giant corpse Citigroup is showing signs of life. Its stock is now selling for more than five times the lows it hit earlier this year. Its market capitalization is up near $57bn, a bit more than the $45 billion that the government lent them through the Troubled Assets Relief Programme, or Tarp. Some are even expecting that the government will make a profit on its Citigroup investment.

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Banks make $38bn from overdraft fees

August 10, 2009


source: Financial Times

US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000.

The median bank overdraft fee has this year rose from $25 to $26, according to Moebs, the first time it has gone up in a recession for more than 40 years.

“Banks are returning to a fee-driven model and overdraft fees are the mother lode,” said Mike Moebs, the company’s founder.

Overdraft fees accounted for more than three-quarters of service fees charged on customer deposits, he said.

Prominent Financial Writer: The Big Money Boys Call the Shots, The President is Just a “Figurehead” and All Politicians “Mere Pawns”

August 6, 2009


source: Washingtons Blog

Long-time MarketWatch writer Paul Farrell explains in a new essay that the big money boys call the shots, and that one of their basic strategies for maintaining control is to use the president as a “figurehead” and politicians as “mere pawns”:

 Always elect a figurehead president.

Putin skirted term limits by getting Medvedev elected president. Then Putin was appointed party leader and prime minister, the real power behind the throne. That’s one way power stays in power playing the game. Wall Street is a master at playing this game, as the single largest money donor to political campaigns. Donations assure continued control behind an illusion of democracy, where all politicians are mere pawns.



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