John Rubino | Dollar Collapse: A near-death experience isn’t something one gets over right away. So it’s no surprise that the US leveraged speculating community was a tad more cautious than usual for a while. Real estate investors, for instance, still bought houses, but only on very favorable terms where rental income would clearly exceed expenses. And investment banks still repackaged loans into asset backed securities, but on a very small scale, since there weren’t that many willing/able buyers for exotica that was “toxic” so recently.
This was completely unacceptable to Washington, of course, since the only way an over-indebted economy can “grow” is if speculators can be induced to take unwise risks. So this year we entered the whatever-it-takes phase of the process, where borrowed money became nearly free and permanent, open-ended quantitative easing was promised.
It was a Hail Mary pass, but it seems to have worked, at least in the narrow, Twilight Zone terms in which today’s system operates. That is, moral hazard — the sense that you can do pretty much anything you want because the government will bail you out — is back as a driver of deal making. See this on the return of a practice last seen during the housing bubble:
I've been reading the book Six Frigates: The Epic History of the Founding of the U.S. Navy by Ian Toll recently. The book follows the beginning of the US Navy with all the political debate that went with it. I find it quite illuminating and interesting because the political discussion then is basically the same one going on today. Arguments are made for and against having a Navy. And at one point James Madison says this:
"If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy.
Of all the enemies to public liberty, war is perhaps the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes; and armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few.
The loss of liberty at home is to be charged to the provisions against danger, real or imagined, from abroad." (from a letter to Thomas Jefferson, May 13, 1798)
This quote sounds like something Dr. Paul would say today. To think that the founders of our country were so aware of the dangers that they faced is astounding.
I bring this up for two reasons:
The Philippines has approved measures to prosecute users that post “defamatory” comments on social media websites such as Twitter and Facebook. They will be liable for a fine of 1 million pesos (US$24,000) or face up to 12 years in prison.
Websites that publish the material may also be shut down.
The cyber-law has been branded as ‘draconian’ and a serious violation of freedom of speech by rights groups.
“The cyber crime law needs to be repealed or replaced,” said Brad Adams, Asia director of the Human Rights Watch. “It violates Filipinos’ rights to free expression and it is wholly incompatible with the Philippine government’s obligations under international law.”
How Much Long Will War Profiteers Be Allowed To Do This To American Families!
Why I Won't Vote
By W.E.B. Dubois, The Nation, 20 October 1956
On October 20, 1956, W. E. B. Du Bois delivers this eloquent indictment of US politics while explaining to Nation readers why he won't vote in the upcoming Presidential election. Du Bois condemns both Democrats and Republicans for their indifferent positions on the influence of corporate wealth, racial inequality, arms proliferation and unaffordable health care.
...In 1956, I shall not go to the polls. I have not registered. I believe that democracy has so far disappeared in the United States that no "two evils" exist. There is but one evil party with two names, and it will be elected despite all I can do or say. There is no third party. On the Presidential ballot in a few states (seventeen in 1952), a "Socialist" Party will appear. Few will hear its appeal because it will have almost no opportunity to take part in the campaign and explain its platform. If a voter organizes or advocates a real third-party movement, he may be accused of seeking to overthrow this government by "force and violence." Anything he advocates by way of significant reform will be called "Communist" and will of necessity be Communist in the sense that it must advocate such things as government ownership of the means of production; government in business; the limitation of private profit; social medicine, government housing and federal aid to education; the total abolition of race bias; and the welfare state. These things are on every Communist program; these things are the aim of socialism. Any American who advocates them today, no matter how sincerely, stands in danger of losing his job, surrendering his social status and perhaps landing in jail. The witnesses against him may be liars or insane or criminals. These witnesses need give no proof for their charges and may not even be known or appear in person. They may be in the pay of the United States Government. A.D.A.'s and "Liberals" are not third parties; they seek to act as tails to kites. But since the kites are self-propelled and radar-controlled, tails are quite superfluous and rather silly.
Helping the neighbor...
How is it for you?
We all hear of this inevitable collapse of our economy, and quite possibly our liberties, from just about everybody. What I don't really hear being talked about or asked is what this collapse will actually look like. Things like: will there be mass starvations? Will we be fighting off rioters? Will we just not get to eat out as much, or will we all be living in vans down by the river?
Does anybody have realistic insight into this so we may all gain a clearer picture of what is apparently to come?
Video: Daryl Hannah and Elderly Land Owner Arrested for Trespassing on Land Stolen Under Eminent DomainSubmitted by emalvini on Fri, 10/05/2012 - 17:37
Kurt Nimmo | Infowars.com
From the Washington Post:
Hannah and landowner Eleanor Fairchild were standing in front of heavy equipment in an attempt to halt construction of the Keystone XL pipeline on Fairchild’s farm in Winnsboro, a town about 100 miles east of Dallas. They were arrested for criminal trespassing and taken to the Wood County Jail.
In August, a court in Paris, Texas, ruled that the Canadian energy company has the right to build a pipeline on private land despite widespread opposition by land owners. The transnational corporation is exploiting a loophole in Texas’ oil and gas regulation, according to the New York Times.
In Texas, if a company qualifies as a “common carrier” the state allows it to condemn land without the consent of land owners, a clear violation of the Fifth Amendment, which state “nor shall private property be taken for public use, without just compensation.”
An attorney for presidential candidate Gary Johnson is accusing the Pennsylvania Republican Party of breaking the law and engaging in “Watergate-style dirty tricks” in an attempt to disqualify the Libertarian from appearing on the ballot in November.
The Daily Caller obtained a letter sent from Johnson’s attorney, Alicia Dearn, asking the Philadelphia District Attorney’s office to investigate allegations of attempted bribery and false impersonation of an FBI agent.
My Facebook account is aflutter with my lefty friends upset about Romney's PBS comments, and I immediately saw the slight of hand they are doing. The R's might be smirking a bit, but the Romney/Obama team have completely diverted the Left's conversation unto something meaningless and trivial. It's either brilliant or sad. Both the left and right are hoodwinked.
Monetary system? Murderous wars? NDAA? Patriot Act? TSA? People's jobs, medicine, food, etc.? The role of Government?
This is from the opening pages of Ron Paul's The Revolution: A Manifesto:
BuzzFeed: In a Fox News interview, Ron Paul suggests he could be voting for Gary Johnson. He basically rules out both Romney and Obama, and then goes on to say there's a third option on the ballot in enough states to actually have the potential to win the election. It seems to me he is suggesting he supports Gary Johnson without explicitly saying it.
Of course, in the full-length video, he also affirms that supporters of the Freedom Movement are very individualistic and will all make up there own minds. As much as I would love to hear Ron Paul say explicitly who he's voting for, I do applaud is intentions to have us all make up our minds for ourselves.
From the The Government Says It So It Must Be True Department:
WASHINGTON (MarketWatch) — The U.S. created 114,000 new jobs in September and the unemployment rate fell below 8% for the first time since President Barack Obama took office in a potential jolt to the election.
The Labor Department on Friday also revised employment figures for August and July to show somewhat faster job growth in late summer.
Economists surveyed by MarketWatch expected a 110,000 increase in jobs last month, based on the Labor Department’s survey of businesses. Hiring in September was largely in line with Wall Street expectations.
Sometimes I wish I had just taken the blue pill and can go back inside the Matrix. My wife and I are at odds over quite a few issues lately...GMO foods is the latest. After the French gmo rat study...I don't want the kids near the stuff. This is causing all kinds of friction over sodas, eating out, etc. The argument last night was over Halloween and the HFCS in the candy I don't want the kids eating.
She thinks I'm losing it and have turned into the most UNfun person around. Maybe she's right.
So I was watching the debate and on CNN right after, there was a poll that said, "Who did debate make you more likely vote for?" The results were:
So 47% want someone else or would vote for someone else if they had that choice! The next day I went to look for the poll and I found that they changed it from "neither" to "no effect on vote."
You can see the video here: