Where Progressive Thinkers and Truth Seekers Gather to be active Public Citizens and Peacfully Pursue Social Justice and engage in conversation and debate about Truth about Government and the Economy and Investing and where Freedom, Justice, Equality and Fairness aren’t just slogans but foundational Principles of Free and Humane Citizens who care about their brothers and sisters on this Earth. Civil Debate and Solution oriented thinking and educational resources and an intellectual community are welcome here. This is designed to be the ultimate town hall and resource for information and education and opinion to counter balance the increasingly homogeneous establishment news media and spin. In the spirit of JFK, RFK and MLK, this site seeks the path of peaceful resistance to injustice and the pursuit of freedom, justice, social justice and the Spirit of the real America.

"Trade protectionism looms next as central banks exhaust QE" - Ambrose Evans-Pritchard - The Telegraph

Here is a lucid article from Ambrose. Again, he is one of the few mainstream journalists writing about such issues.

excerpt:

"... A new paper for the US Monetary Policy Forum and published by the Fed warns that the institution's capital base could be wiped out "several times" once borrowing costs start to rise in earnest.

And, THEN! . . .FDIC urges you to help banks. . at the bountious interest rate of. . . ZERO!

This was receive via email this AM and is reproduced here without comment other than to point out sensitivity to common problems of the common wage earner is not a universally distributed attribute.

Four Largest Banks Are Now Almost As Big As US GDP: Accounting Hides Risks - Taleb on Fragility

While this is not news to many of us here, it is worth remembering why our government is beholden to the Banks and the Federal Reserve:

Four Largest Banks Are Now Almost As Big As US GDP




Global Dynamics at the Zero Lower Bound – A Working Paper From the St Louis Federal Reserve Bank

The ZLB does more harm than good - for several reasons.

Bubbles, Drones and the destruction of the Constitution - Interview with Frmr Asstnt Treasury Secretary Dr. Paul Craig Robert

To hear a former high level civil servant talking in these terms should be a wake up call. This excellent interview by Greg Hunter with former Assistant Treasury Secretary Dr. Paul Craig Roberts spells out the severity and challenge to liberty we now face.

"Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued" - Is this possible?

It is hard for me to understand how this is possible. The Fed is the buyer of only resort it would seem. What else is possible? How can it get better than this?

Fed Has Bought More U.S. Gov’t Debt This Year Than Treasury Has Issued, CSN News

excerpt: "...By the close of business on Wednesday, Feb. 6, according to the U.S. Treasury, the total federal debt had climbed to $16.4799 trillion—an increase of $47.2 billon for the calendar year.

The Untouchables - Frontline PBS - No Accountability, No Justice, The end of civilization

If you haven't seen this you will want to. After you've seen it, pass it on.

PBS Frontline - The Untouchables

The fix is in. HSBC is another blatant example of the level of corruption in Banks and the justice system.

Outrageous HSBC Settlement Proves the Drug War is a Joke - Rolling Stone

Sweden and the US – Another opinion paper from a Swedish economist Final Edit now posted

Lars E. O. Svensson, a board member of the Sveriges Riksbank, Sweden’s central bank, and a professor at Stockholm University, had a paper published in the Brookings Papers on Economic Activity Fall 2011 issue, Practical Monetary Policy: Examples from Sweden and the United States”.

Senator Rand Objects to Voting on Legislation that has not been read by anyone in Congress

The insanity of the current system is illustrated in this straight forward talk. If our own government is voting on legislation it doesn't even read, how can there be any order, planning or management. What can we become aware of, do and be to bring a higher consciousness to the country and the world?

Real GDP vs. MOPE GDP - Inflation and Currency

How can we have a different outcome than what is projected here? What else is possible? Everything is energy and we are souls only occupying bodies. Can we not exercise dominion over the energy we occupy?

Interview with Egon von Greyerz on King World News (click to see charts (they are astonishing!)

Global Pressure is increasing - Banks under fire and regulators prodded by commentators New blog entry

Global Pressure is increasing - a new blog entry by O&G Jan. 23, 2013.

A lead-in to a new blog entry - The rich are saved, now what about the poor?

For those who may be interested in an evaluation which references a statement tossed off sometime ago, - Recession within a recession has been posted in the O&G blog site.

Ex-Congressman touting means of escaping from the US!

Stumbled across this ad. There's no shortage of plans to abandon the mess created her in the US. After all, the recent failed presidential campaign of Romney-Ryan was built around the personal beliefs of the GOP candidates that we were failing and the two had no faith in US money or banks. But here's an open solicitation from an ex-Maryland Representative who pulled out of his re-election campaign back in 1980.

How offshore investments and remote tax havens can save you from the fangs of the IRS and protect you from...

"The Vampire State"

Two Days in January . . . 2013

This entry has been updated and revised as of Jan. 8, 2013

A Review of developments of two eventful days - January 3, 2013 and January 4, 2013.

There have been significant changes in the relative values of global currencies overnight.

Systemic Risk from Global Financial Derivatives: A Network Analysis of Contagion & Its Mitigation with Super-Spreader Tax - IMF

The subject upon which much of the most detailed analysis and thoughtful, solution oriented thinking done by Old and Gray is finally being publicly recognized by the IMF (even if somewhat timidly) as actually embodying the economic and moral hazards of the so called "shared risk" between banks as it pertains to derivatives and in particular the new breed of financial amalgamations referred to as Systematically Important Financial Institution (SIFI's). The article also uses the acronym TITF which translates to "Too Important to Fail Risk".

After Wednesday’s booster rockets died out, what can we predict for US’s main economic engine?

According to CNBC’s Andrea Tse’s article on The Street’s site this AM,

Julia Coronado, chief North American economist at BNP Paribas”, said the "two parties are yet again starting miles apart" on this issue, with Republicans having already indicated that they believe the tax side of fiscal policy has been addressed for now and their focus will be on spending.

Closing out the Old Year and Looking Forward. The Hard work is still ahead.

The following was submitted to Krugman’s blog “Conscience of a Liberal” Dec. 27, 2012

Outlook for Today - 12-21-12

It may not be a Mayan collapse, but it would appear that John Boehner has managed to create disarray in the stock markets single handedly.

A Short lead-In to a comment Which Turned Into a Long Rant

Reuters published two articles today commenting on the sequence in the latest fiscal cliff negotiations.

John Boehner's New Concession: Taxes on Incomes over $1million Annually could rise to pre-Bush levels again.

. . And everyone below that bar can retain the cuts instituted by the Bush Plan.

. . . And, oh, yes! . . that is provided the Obama administration breaks the contract with the American wage earners and begins stripping away the Social Security and Medicare Benefits - those dreaded, corrupting entitlements!!!

"Outrageous HSBC Settlement Proves the Drug War is a Joke" - Taibbi - Too Big to Be Responsible???

It is evident that there is little true justice and that the policies and actions of "enforcement" are designed only to meet the agenda of an increasingly dysfunctional, insane ruling "elite," who's mind and attention can not see forward to the destruction of their own empire they have sown in the seeds of their own hubris. This article by Matt Tabi puts it most eloquently.

A new Environmental Improvement in Automobile Air Conditioning can blow up your Auto!! Daimler.

Reuters has an interesting article about a Daimler experience in Germany. During testing, it was discovered that a new refrigerant to replace the substance, R134a, in current use worldwide, explodes and releases hydrogen fluoride toxic in minute amounts.

School District Owes $1 Billion On $100 Million Loan - Modern Day Usury is Alive and Thriving

This is truly amazing. That such loans are even legal, much less to educational institutions speaks volumes to the level of corruption that has been allowed to flourish. This article from NPR spells it out.

School District Owes $1 Billion On $100 Million Loan

The Mother of All Bubbles - The monetary bubble. - "Inflationary Deflation: Creating A New Bubble In Money" - Thunder Road

This piece written by Thunder Road really encapsulates a lot of my core belief in the impact of long term debt monetization. While it can cause intermediary deflation due to various factors and as we have witnessed in Japan's real estate market, ultimately it creates a bubble in money itself.

The Full report Here

"Real Estate: Is the Bottom In, or Is This a Head-Fake?" - Charles Hugh Smith - No consequences for robo-signing scam

Interesting charts on real estate prices vs. sovereign indebtedness.

The housing recovery is no sure bet

"...

The mortgage industry has escaped any consequences of “robo-signing” mortgage fraud

If the rule of law existed in more than name, this is what should have happened:

"How Corruption Is Strangling U.S. Innovation" - Harvard Business Review

While much of this goes without saying among this group, it is nice to see an article from a mainstream institution which articulates the ways in which a system in which money is allowed to have unlimited influence in legislative, judicial and political functions within society and all supported by the Supreme Court. Money is not speech, much less free speech. Corporations are not "citizens" or in any way human.

The True Level And Effect Of The Real Debt - The compounduing affect of Derivatives

Nice commentary on a WSJ article by Jim Sinclair on the compounding affect of Derivatives.

The True Level And Effect Of The Real Debt

Goldman's mixed messages on QE and Real Interest Rates

This story could have been filed under QE but it pertains to their recent call for a top in gold prices. But more importantly it is a discussion about how one firm can put out to fully contradictory reports. Given that the nightly access hour gold bear raid in the most thinly traded markets, clearly designed to drop the price of gold and trigger sell stops, continue after the huge opening futures hit last Monday, the coincidence of the timing of Goldmans report seems to be in line with management of perceptual economics (MOPE) tactics we have become so familiar with.

Will Obama Beat Back a "Nuclear" Attack by the Big Banks?

With the implementation of the "Volker Rule" on deck, will we actually see any meaningful reform actually implemented or will the corruption of money in politics once again dictate the course of events. What are the consequences in either case? (an open question).

Will Obama Beat Back a "Nuclear" Attack by the Big Banks? - Mother Jones

Looks like we've circled around back to the beginning of the merry-go-round.

Reuters article Sunday, December 2, 2012, Headlined this story -

Wall Street Finds a Foreign Detour Around U.S. Derivatives Rules

http://www.reuters.com/article/2012/12/02/banks-regulation-derivatives-i...

Those who operate in the grey areas of "criminally/legal" or "legally/criminal" activities never change their ways.

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