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.

"The Fed Is Printing Money, But Where Is It Going? They Know But Will Not Say" - Its going to Banks not Mainstreet.

This article definitely has heuristic value. Basically it says the Fed is printing boat loads of money and it is going to banks that (had they to mark their assets to market) and not been the recipient of this massive Fed give away, they would be insolvent. He is also saying the reason we don't see any inflation to speak of is because the money never enters the real economy, doesn't spur growth. In fact, stagflation benefits the largely unregulated banking sector because while inflation remains low, they can keep printing money indefinitely to Wall Street's benefit.

My Take on the Global Financial Situation, Markets, Gold and Silver

The first thing I want to say is that I have no idea about timing in the markets. I want to give a brief summary of my current world view on the global financial markets. There is a lot of talk about the breadth of the recent rally in the US equity markets. There has also been a lot of talk about the gold and silver bull markets being over.

"The Fracked-up USA Shale Gas Bubble" - The Haliburton Loophole

This article is a rare gem of truth on this subject:

The Fracked-up USA Shale Gas Bubble


"In major policy shift, scores of FDIC settlements go unannounced" - When Transparency is Lost, Free Markets lose credibility

It is clear that we are seeing a studious attempt to mask the entropy of corruption. This article points out just one example.

FDIC settlements go unannounced - LA Times


"...Critics describe the FDIC's current practice of low-profile deal-making as a major departure from the S&L crisis.

"China's Extreme Real Estate Bubble: Globalization Is a Fraud, a Castle Built On Sand" - Jesse's Cafe Americain

Much of the talk of a stronger global economy centers around China. What is studiously ignored most of the time is the fact that China has patterned a major portion of their "growth" strategy around real estate development and much if not most of that real estate sits empty, even as wages in China have not seen the kind of growth that would enable these "real estate investments" to bear fruit. I'll post the link to this very visual and compelling 60 Minutes piece (commercials included unfortunately) and then Jesse's lucid commentary.

"Supreme Court once again undermines the search for Justice. Supreme Court Ruling a Blow for Future Financial Crisis Cases"

After watching the PBS Frontline documentary, the untouchables (see a recent post on this site), we now have given the those who profited so well from their fraud, deception and sociopathic greed and hubris in the events leading up to 2008 a clean slate and they are free to continue pillaging and corrupting government and the Supreme Court injustices have carved their legacy of fascism into stone.

Bureau of Labor Statistics and good news - Controlling Statistics by process

Of particular interest lately are the manipulated statistics indicating a downturn in new applications for unemployment.

"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.


"... 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

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