STEALING YOUR WEALTH BY STEALTH

17 Nov, 2014 by Dave Hodges

garage sale before they collapse the economy and roll out martial law. There are forces lining up to steal everything that you and I own. It has already begun but this country is so dumbed down, we do not see that it has already started.

The Bankers Have Committed a Coup Against the United States Government

The United States government is not your main enemy, it is the banksters who have hijacked your government. Some of the sheep might be wondering when that happened. The year was 2008 and the event was called a bail-out. This evil was born in 1913 with the creation of the Federal Reserve. This pervasive evil killed America when the first dollar arrived at the door of Goldman Sachs in the form of a bail-out in 2008. Bye-Bye Miss American Pie, that was the day the music died for America.

Yesterday, on November 16, 2014, it was revealed that when you awakened, a new G20 policy was enacted which effectively stole your bank account. For the time being, you still have some access to some of your money. If you have $100,000 in the bank, try taking that money out caf stealing from the innocenttoday and see how fast the Federal authorities show up in your life. And if you did manage to get your money out of the bank, don’t forget about the cop on the corner poised to steal your money under the banner of “civilian asset forfeiture”. Pardon me, I digress.

Yesterday’s article revealed that your money, that is in your bank account, is no longer called money. As a result, when the banks begin to fail, one by one, you will not be at the head of the line to collect your reimbursement from the FDIC, you will be last in line because you have no “money” in the bank. This effectively means that you will get nothing for your lost and subsequently confiscated bank account. However, your bank account will not be the only casualty from your financial portfolio. The banksters are preparing to steal EVERYTHING that is not nailed down and this GRAND THEFT AMERICA will begin with your bank account and will quickly take every other financial asset.

Undoubtedly, the trigger for this approaching calamity will be a series of major bank failures. Some of the sheep will say, “there will be no bank failures, will there”?

http://www.thecommonsenseshow.com/2014/11/17/stealing-your-wealth-by-stealth/

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“World’s Richest Restaurateur” Sees An Imminent Crash In America’s “Crazy” Real-Estate Market

Submitted by Tyler Durden on 11/13/2014

When it comes to the fair value of assets, especially cash-flow generating real estate, few are as qualified to opine as the man dubbed “World’s Richest Restaurateur”, billionaire Tilman Fertitta, chairman of Landry’s Restaurants which counts among its properties such brand names as Morton’s, Rainforest Cafe, Bubba Gump Shrimp Co., McCormick & Schmick’s, Saltgrass Steak House, Claim Jumper, Chart House, The Oceanaire, Mastro’s Restaurants, Vic & Anthony’s Steakhouse and many more.

Which is why his dire warning about the state of the “crazy” US real estate market, which he believes set for an imminent crash, are likely worth keeping in mind as all the panglossian permabulls see nothing but a 4th dead housing cat rebound ahead. That, and his take on inflation: “There is huge inflation going on right now.”

From his interview on Bloomberg TV yesterday:

Fertitta: You are seeing crazy numbers from real estate. You are seeing it New York probably more than anywhere else; you are seeing it in Texas; you are seeing it in California. History always repeats itself, but I think it’s going to repeat a little sooner this time. You see it coming.

Q. You smell a crash in the real estate market?

Fertitta: Absolutely I do. I can see it in Houston right now.

Q. It’s going to be 1986 all over again?

Fertitta: Absolutely. It didn’t come back in Texas until 1996, it took 10 years for it to happen in Texas.

For all those who see nothing but blue skies from falling crude prices, here is Fertitta’s contrarian view: “Oil needs to hit $50/barrell for it to cause a total crash.”

Oops.

Finally, for the deflation truthers, here is what Fertitta had to say about inflation:

Ben Bernanke was at Rich Handler’s house and he says “there’ no inflation.” Well go buy something, whether at the grocery store, the drug store, the broom and mop store, and there is inflation everywhere. I have so many types of businesses so I buy everything from labor, to mops, to food, to shrimp, to stake and everything is more expensive. We are raising prices: that’s why right now you pay more for an airline ticket, you pay more for a hotel room, you pay more for a pot of coffee. There is huge inflation going on right now.
Somehow we doubt he will appear on CNBC any time soon.

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The Economic End Game Explained

Wednesday, 12 November 2014 Brandon Smith

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Throughout history, in most cases of economic collapse the societies in question believed they were financially invincible just before their disastrous fall. Rarely does anyone see the edge of the cliff or even the bottom of the abyss before it has swallowed a nation whole. This lack of foresight, however, is not entirely the fault of the public. It is, rather, a consequence caused by the manipulation of the fundamental information available to the public by governments and social gatekeepers.

In the years leading up to the Great Depression, numerous mainstream “experts” and politicians were quick to discount the idea of economic collapse, and most people were more than ready to believe them. Equities markets were, of course, the primary tool used to falsely elicit popular optimism. When markets rose, even in spite of other very negative fiscal indicators, the masses were satisfied. In this way, stock markets have become a kind of dopamine switch financial elites can push at any given time to juice the citizenry and distract them from the greater perils of their economic future. During every upswing of stocks, the elites argued that the “corner had been turned,” when in reality the crisis had just begun. Nothing has changed since the crash of 1929. Just look at some of these quotes and decide if the rhetoric sounds familiar today:

John Maynard Keynes in 1927: “We will not have any more crashes in our time.”

H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”

Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”

W. McNeel, market analyst, as quoted in the New York Herald Tribune, Oct. 30, 1929: “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”

Harvard Economic Society, Nov. 10, 1929: “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”

I hear nearly identical statements from pro-mainstream, pro-dollar skeptics all the time. And all of their assertions rest solely on the illusion of the Dow and the dollar index, not to mention statistics that are sourced from the very government that has much to gain by fooling the public into believing all is well.

The Rest Of The Story Here

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The Truth behind the Global Economic Collapse Full Documentary

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Thank You To All Our Veterans!

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More “Economic Lies” from “Our” Government: The Latest US Jobs Report

By Dr. Paul Craig Roberts Global Research, November 10, 2014 PaulCraigRoberts.org

Just as the German media has destroyed its credibility with lies, the US government is consistently destroying Washington’s credibility both with its own citizens and the rest of the world.

Russia and China, the other two significant nuclear powers, no longer believe anything Washington says or any agreement that the US government signs. The Russian and Chinese governments have observed that Washington does not obey its own statutory law, much less international law and treaties that Washington has signed. Russian President Vladimir Putin has criticized Washington for acting as if its will was the only law.

Europeans know that they and their governments are Washington’s vassals and that Europeans are impotent to do anything about it.

Some percentage of the 99 percent understand that Washington is aligned with the one percent against them and that their incomes and economic prospects will continue to decline.

Economists, or rather the few who haven’t sold their souls, know that the government’s economic data are pulled out of a magician’s hat and massaged to produce numbers contradicted by reality. Unemployment is measured according to methodologies designed to prevent its discovery. Inflation is measured according to methodologies designed to deny its existence. Jobs are reported that don’t exist, and GDP growth rates are announced that declines in real median family incomes and consumer credit make impossible.The poverty level income is set artificially low in order to minimize welfare spending.

The lies that Washington and the powerful private interest groups that control the US government tell us go unchallenged by the print and TV media and by NPR. The propaganda that Americans are fed is more extreme than the propaganda of Big Brother in George Orwell’s 1984.

In last Friday’s report the Bureau of Labor Statistics (BLS) tells us that the unemployment rate has declined to 5.8% and that 214,000 new jobs were created in October. Once again let me explain these lies to you. The unemployment rate is low because the one that the government and financial media emphasize does not count those millions of Americans who have become so discouraged from looking for jobs that do not exist, that they have quit looking. If you give up and stop searching for a job, the US government does not count you as a member of the work force. You are unemployed but not counted as unemployed.

The Rest Of The Story Here

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AMERICA 2015: CONVERGENCE OF CATASTROPHIC EVENTS – THE PERFECT STORM

By Paul McGuire
November 10, 2014
NewsWithViews.com

There are a lot people in America right now who are under the delusion that the Republican Party will be their savior from the perfect storm of a convergence of catastrophic events like ISIS coming through our Southern border, economic crisis or collapse, a major terrorist attack inside the U.S., skyrocketing food prices, an Ebola pandemic, American troops deployed into the Ukraine region in a conflict with Russia, American troops sent to regions like Iraq and Syria, the prospect of a regional thermonuclear war and the beginnings of World War III, Russia invading Alaska and other remote U.S. regions, the BRIC nations moving to replace the dollar as the defacto world currency and replacing it with a competing world currency, race riots exploding across America, and other crisis events. Anyone of these events alone could trigger martial law and the emergency suspension of the Constitution.

Many Americans, including most of the middle class, are looking to the Republican Party to save them from all of the above because they are under the deception that one President or one political party has brought about all these events. The reality is that both political parties have contributed to this convergence of catastrophic events. For example, it was President Bush and not President Obama who first drove up our national debt by unprecedented amounts. It was President Bush, along with his “born-again” Attorney General, John Ashcroft, who suspended many of our Constitutional civil liberties in the war against terrorism and established the surveillance state. It was the Republican Party with leaders like “Third Way” Newt Gingrich who began the mass outsourcing of high-paying American jobs and manufacturing to nations like China and South American and Third World nations. This was the shot across the bow in the war against the Middle Class!

Once again it was the Republicans who promoted things like NAFTA, GATT, the North American Union, and the WTO, which all transferred the wealth and jobs of the American middle class to Third World nations. Despite all the outcry over President Obama’s executive orders, there has been a constant transfer of power to the Establishment via numerous Executive Orders over the last sixty years by both Republican and Democratic Presidents. Finally, based on their factual and historical track record, what evidence if any, can anyone find that the Republican Party did anything to stop the Democratic Party’s aggressive redistribution of wealth and radical socialist programs? The Republican Party passed some token legislation, but essentially they winked and looked the other way as the Democratic Party radically transformed America. A case in point would be Obamacare; there are a tiny minority of Republicans who continue to strongly oppose Obamacare, which is the greatest redistribution of wealth in American history. But most Republicans are not even pretending that they will repeal it…they may reform it, but they intend to keep it in place.

A game has been played against the American people right before their eyes for the last sixty years, hidden by this illusion of a two-party system. But actually there is just one party with two different names. So every eight years or so, the American people switch back and forth between the Republican and Democratic parties, but the policies and results are for the most part the same. Whatever party or President that is in power, at the bottom line the agenda is always the same. The reason for that is simple: both the Republicans and Democrats work for the same masters, the unseen throne behind the throne that totally controls both parties and the mass media, which controls the thinking of the American people.

The Rest Of The Story Here

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America’s Dismal Report Card

08 Nov, 2014 by Dave Hodges
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America has gone back to sleep. The 2014 midterm elections are history and good guys, the Republicans, have kicked out the bad guys, the Democrats. We only have two more years to endure Obama. If it was only that simple. This article is going to briefly examine a cross-section of indicators which are representative of how well our nation, and to some degree, our government are meeting the people’s needs. The general areas which will be examined are employment and income, economic health of the nation as a whole, educational opportunities and heath and wellness and civil liberties. It is time to give America her report card as we brace with great trepidation the last two years of the most corrupt administration in American history.Income and Employment Opportunities “Say it ain’t so” “Say it ain’t so” First and foremost, Americans no longer live in the highest salary paying country in the world. In fact, the United States does not even crack the top ten list of the highest salary paying countries on the planet in which Switzerland, Germany, Denmark, Japan, Norway, Austria, Belgium, Ireland, the Netherlands, and the United Kingdom round out the top ten and pay their workers more than workers in the United States. In fact, the United States only ranks 20th in terms of overall gross pay!

Young adults who are degreed and/or skilled in fields such as engineering or information technology skills, are really wasting their time by working in the United States. Eight of the world’s ten highest-paying countries for information technology (IT) managers are in Western Europe, according to a new survey by Mercer Human Resource Consulting. The survey found that Swiss managers are paid the most, followed by those in Germany and Denmark. In fact, IT management is another field where U.S. workers fail to crack the top ten in income, the United States ranks 14th in IT management compensation. Even debt ridden Spain, Italy and Greece pay their IT managers more than what Americans earn on average.

Unfortunately, the public does not know what the true unemployment rate is in America because the Department of Labor plays games with the numbers. For example, if you hold a real estate license, and even if you have never sold any property, you are considered to be employed by the Federal government. If your unemployment insurance expires, it is assumed that you have found employment, even if you have not. This is referred to as the discouraged worker category.

The “Alternate Unemployment Rate” more accurately reflects the current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were eliminated from official existence by the Federal government back in 1994. That estimate is added to the Bureau of Labor Statistics (BLS) estimate of U-6 unemployment, which includes the previously short-term discouraged workers.

The “U-3″ unemployment rate is the monthly headline number. The U-6 unemployment rate is the BLS broadest unemployment measure, “including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment” as this group would be categorized as the underemployed. When all figures are combined, the Shadow Stats calculations are staggering as the unemployment and underemployment rate is approaching 24%!
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Shadow Stats is one of the most interesting financial websites that I have found in recent memory and they are worthy or a hearty recommendation as they give the public an accurate way to compare real unemployment to the government contrived games that are played with the unemployment numbers. The actual unemployment/underemployment rate, nearly 24%, is more than three times the government’s figures for unemployment. Shadow Stats calculations clearly tell us that we are in a very serious depression, or what Gerald Celente often refers to as the “Greatest Depression”. And when we isolate the numbers and only include young adults, the picture goes from bleak to hopeless and these statistics are the fertile breeding ground for revolution.

The Rest Of The Story Here

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Fannie Mae Getting Gut Punched

Profits for the GSE giant are off by a whopping 55%. What’s it all mean to you?
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The Big Unwind: After Messing up the Housing Market, the “Smart Money” Bails Out

by Wolf Richter • November 6, 2014

Housing Bubble 2: Sales to institutional investors plunge to lowest level since 2010

In real estate, particularly in housing, national averages elegantly paper over the gritty details on the ground in specific metro areas and neighborhoods. When a new trend starts in some locations, it’s neutered by data from other locations. Blips and squiggles are averaged out of the picture. But by the time changes consistently show up in national averages, they’ve taken on serious weight on the ground. And now the “smart money” – smart because it has access to the Fed’s free moolah – is abandoning the housing market.

Wall Street money entered the housing market gingerly in 2010 and 2011, then piled helter-skelter into select metro areas over the next two years, grabbing vacant single-family homes out of foreclosure with the goal of first renting them out, then selling to yield-desperate investors and unsuspecting mutual-fund holders their latest toxic concoction: rent-backed structured securities that are even worse than the mortgage-backed structured securities that helped take down the financial system only a few years ago.

It worked. Each wave of buying ratcheted up prices via the multiplier effect, not only in the neighborhood but beyond. It created instant and juicy paper gains on all prior purchases. In this way, the same companies, now mega-landlords, were able to push up the value of their own holdings with new waves of purchases. It was a wonderful game while it lasted. And it was funded with nearly free money the Fed graciously made available to the largest players. Housing Bubble 2 came into full bloom.

But these billions of dollars being pumped into the housing market had the effect of pushing prices out of reach for many potential homeowners who’d actually live in these homes. And first-time buyers, the bedrock of the housing market? Well, forget it. Their share of purchases dropped to 33%, the lowest since 1987.

The Rest Of The Story Here

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