The Real Sign Of A Recovering Economy

I wanted to drop a few notes about the ‘recovering economy’ lie that is being touted.  First, this site is going to continue to go a bit sideways as I am working on posts that are all financials based and you know how TPTB really hate it when we aren’t talking about oil spills, terrorists, illegal aliens, and left vs. right.  When one tries to explain that Goldman Sachs runs the government and not the other way ’round, or Greece is collapsing everything hits the fan. (As I write this, my host is running Emergency Maintenance because of problems.)

One coming attraction that should really set the world ablaze is the statement I heard today on ‘Your World’ that Bambi is going to say tomorrow that he will veto any financial reform legislation that threatens the independence of the Federal Reserve.  Wow – that’s a newsflash, isn’t it.

More importantly, how many have noticed that the reports of bank seizures have taken a remarkable dive in the MSM?  I’m sure MarketTicker has noticed, and I have to wonder what odds he would give on seven banks being seized the same day in only one state, that being Illinois on April 23rd, 2010?

In 2008, a total of 25 banks failed with 20 of those banks failing between July 11th and December 12th – this during the height of the Federal Reserve, Treasury, and Congressional freakout.  In 2009, a total of 140 banks failed during the entire year; with an average of just over 11 banks a month.  I just took a look at the FDIC Failed Banks List again, and we are currently at 64 banks in the first four months of 2010; an average of 16 banks per month.

Read moreThe Real Sign Of A Recovering Economy

How The FDIC Raped The American Taxpayer (UPDATED)

(Editor’s Note: The Video that was here previously has been removed by the user that published it on YouTube. Sorry Folks.) WARNING: Put down all liquids, wrap your head with duct tape, and get your barf bucket close. Watching this video is beyond disturbing because of the explanation of what happened to IndyMac and their … Read more How The FDIC Raped The American Taxpayer (UPDATED)

What Is The FDIC Preparing For?

Is Bob Chapman of the International Forecaster correct when he says that his sources state that there are actually 2,035 banks in trouble and that in 2010, he expects between 2500 and 3000 bank failures? (See below post for audio.) Is he also correct when he states that this will cost the FDIC some $800 … Read more What Is The FDIC Preparing For?

Want To Control A Country? Control The Money

Do you remember when TurboTax Timmie as president of the NY Federal Reserve brokered the original AIG deal of $85 Billion, the sale of Bear Stearns,  and allowed Lehman Bros to fail?  Since that time, AIG has sucked $182 Billion out of our wallets with somewhere between $62 Billion and $90 Billion going to foreign … Read more Want To Control A Country? Control The Money

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