His latest paper produced after (much effort) he was released from the "hole" at Fort Dix. This one is only seven pages, but quite a read. Jim Sinclair put it up on his site and he said of it "of course he is correct."
I am not here very much anymore, but I still love you all and read so much on this site. Lysa
NEW YORK TIMES - Federal prosecutors have opened an investigation into trading at Goldman Sachs, raising the possibility of criminal charges against the Wall Street giant, according to people familiar with the matter.
While the investigation is still in a preliminary stage, the move could escalate the legal troubles swirling around Goldman.
The Securities and Exchange Commission, which two weeks ago filed a civil fraud suit against Goldman, referred its investigation to prosecutors for the Southern District of New York, which has now opened its own inquiry.
Many believe that the Federal Reserve controls interest rates. But what if they do not? Here is a case for readers to decide on.
The Federal Reserve, myself, and many others, have made the claim that the FED controls both the interest rates and supply of dollars and credit. [For those unfamiliar with the FED, you can learn just about everything you need to know from the links at the bottom of my Federal Reserve plank, and this article "Fractional Reserve Banking in Pictures."] Several weeks, I had a conversation with Karl Denninger from Market Ticker on the gold market, and we also discussed his theory that while the FED can jawbone and could theoretically move the federal funds rate wherever it wants, it still follows the marketplace. In other words, its control of interest rates may be all bluster and a false charade.
Denninger noticed that not only does the short-term 3-month US Treasury bill interest rate overlay with the federal funds rate as seen below, but it moves lockstep and actually precedes volatility movements up or down in the rate. The data and graph can be recreated at the FED's website here by clicking "Add Data Series" then downloading the data. and a spreadsheet download of the data is here.
continue reading at the link -
Here is part of Raimondo's South of the Border column. Below that is part of the response to his column,written by a couple staff members, but supported by many of the AntiWar.com staff. Who do you believe is correct and why?
South of the Border - A crisis is brewing by Justin Raimondo
If someone already posted this great article... sorry
"Every invasion of individual rights happens with the eager support of people acting in the sincere and thoroughly mistaken confidence that what they permit the state to do to others will never be done to them.
The seminal error is to insist on exceptions to the principle that government – assuming, of course, that one should be permitted to exist – must be strictly limited to protecting the life, liberty, and property of every individual".
Update: The list is out. No Ron Paul.
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"[America] goes not abroad, in search of monsters to destroy.
She is the well-wisher to the freedom and independence of all.
She is the champion and vindicator only of her own.
She will commend the general cause by the countenance of her voice, and the benignant sympathy of her example.
What if they were so rich they controlled the major natural resources including oil, gas, coal, diamonds and gold. Wouldn't this allow them to fix the price to drive out the competition, then continually raise the price to squeeze the consumer.
What if they were so rich they controlled all the major means of transportation like shipping and railroads. Wouldn't this allow them to set the price and starve their competition.
What if they were so rich they controlled the world's banking industry. Wouldn't this give them the power to control the global economies and orchestrate recessions, depressions and bubbles.
What if they were so rich they could hire crooks to bribe, blackmail and frame the 500 politicians that control the world's governments. Wouldn't this allow them to control government policy that would always favor their interests, including the war machine to protect their businesses and abscond others by force.
What if they were so rich, they controlled the information industry including TV, newspapers, magazines and text books. Wouldn't this allow them to control the minds and opinions of the masses who consume their propaganda, as well as the means to keep their deeds and identity secret?
Many times we scratch our heads and wonder why things are so screwed up! But you never know, sometimes the lights come on and it all makes sense!
Let's lay it out: According to a major new overview study, all of America's beloved wonderdrug antidepressants -- all the Prozacs, Paxils, Effexors, Zolofts of the world -- are essentially useless and don't really work worth a damn.
By Mike Whitney
This item was updated on April 27, 2010 at the authors request.
Poll Stunner: Bennett on brink of defeat
Unless Sen. Bob Bennett's political fortunes change dramatically in the next two weeks, he could become Utah's first incumbent U.S. senator to lose his party's nomination in seven decades.
Bennett spends 20 times more than opponents
Sen. Bob Bennett has spent $2.5 million on his re-election bid, outspending his opponents 20 times over, as he fights to win a fourth term in the Senate.
Senator Bennett's top supporters:
Citigroup Inc. | JPMorgan Chase & Co | EnergySolutions Inc | Morgan Stanley | WPP Group | American Bankers Assn | Fannie Mae | Bank of America | American Express | Marriott International | Chevron Corp
Zions Bancorp | Union Pacific Corp | UBS AG
FMR Corp | Goldman Sachs | Sinclair Oil |
PricewaterhouseCoopers | Blue Cross/Blue Shield |
Or does it seem like every day some Republican does something or says something to drive voters into the arms of the Democrats?
It seems as though the neo-cons wouldn't mind a bit if Obama gets a second term, and they're doing anything they can to help him without appearing too obvious.
GOP congressional candidate wants to microchip Mexicans like dogs
I can think of no other rumor to better destroy the Republicans' chances at the polls than for America's 30 million Latinos to fear that Republicans want to implant them with microchips, like dogs. And in this case, the rumor is true. From the Des Moines Register:
An Iowa Republican congressional candidate says he supports inserting microchips into illegal immigrants to track their movements, noting that's how he keeps track of his dog.
Republican Florida Governor Charlie Crist has decided he will run as an independent in the race to fill the Florida U.S. Senate seat, Crist allies tell Fox News. The official announcement is scheduled for Thursday at 5pm ET in St. Petersburg, Florida.
The Senate campaign has been rough and tumble for Crist, he was once the front-runner -- but in recent months began trailing his GOP opponent, Florida State Speaker Marco Rubio.
Crist has said that under no circumstance would he drop out of the race, saying he will do what is best for the voters of Florida. The governor says Republicans in Washington want him to stay in the Republican party but voters in Florida have told him they want him to run as an independent.
His campaign and the governor's office have not officially confirmed anything, however this move by Crist has made internal communications difficult because some staff are unlikely to continue to work with Crist as an independent candidate.