Blankfein is a bigger threat to America than Osama could ever have hoped to be.
And the so-called "war on terror" is just a front for American imperialism in the Middle East.According to Rolling Stone's Matt Taibbi, Wall Street executives from Goldman Sachs should be plucked from the board room and thrown into court. If Roger Clemens and Martha Stewart are brought before juries for lying, why shouldn't the same happen to the men who are responsible for the state of the US dollar? Wall Street is a direct threat to the national security of America, says Taibbi, and he fears that the country's economy is in danger of going completely corrupt.
The government is the terrorist and the war is here on the citizen of the USA.and the government needs to move their family to safety be for the sparks fly.patriots wake up its time to protect our country and our rights against a government of wolves that grows more power-hungry with every passing day.Aim at the head of the beast, the privately owned, Federal Reserve Bank. Who prints money out of thin air and charges us interest. Every dollar created is out of debt and triple that everytime you charge something on credit. No Matt Taibbi, Blankfein, Bernanke, and Geitner needs to be taken out. They are committing financial terrorism on the citizens of all western nations, especially here in the states. Too bad, Rolling Stone hasn't done an article on how the Federal Reserve Robs us blind.
Wednesday, May 18, 2011
Matt Taibbi -- Wall Street a threat to the national security of America
According to Rolling Stone's Matt Taibbi , Wall Street executives from Goldman Sachs should be plucked from the board room and thrown in Jail. Great Goldman is going be eliminated they are only part of the problem! Down with the Fed Reserve! I feel that they should be charged with treason for the devastating blow to the american economy, Some of our politicians should be charged along with them for aiding and abetting those crooks. I seriously doubt that any of these crooks will serve any jail time.
Marc Faber : The deficit mathematically cannot come down
Dr Marc Faber answering the question by David McAlavany :
What measures might the Fed and the Treasury employ to defend the bond market as it is so critical to the financing of our deficits and our way of life in America?
Marc Faber : I think they do not necessarily want to support the bond market, because the debt issuance is so huge, they almost have to monetize part of the debt. I have read Treasury reports in 2010 by Tim Geithner saying the U.S. government debt increased by more than 2 trillion dollars during that period of time. The deficit, in my opinion, mathematically,cannot come down, because 80% of the budget is mandatory expenditures, in other words, you cannot cut them. Legally, they have to be met.Of the remaining 20%, you can cut a little bit, but not that much, because then services collapse. In my view, the fiscal deficit of the U.S. will stay around 1½ trillion dollars for as far as the eye can see, and maybe even go to 2, or 2½ trillion dollars, and then the interest expenditures on the debt go up. So actually, over time, in my view, unless taxes are increased significantly, and spending is cut significantly, not by a little bit here, a little bit there, the budget will never again be balanced, and that will then necessitate, in time, QE-III, QE-IV, and QE-V. Taxes cannot be increased dramatically, because if you increase them very substantially, we will go straight back into a recession.
What measures might the Fed and the Treasury employ to defend the bond market as it is so critical to the financing of our deficits and our way of life in America?
Marc Faber : I think they do not necessarily want to support the bond market, because the debt issuance is so huge, they almost have to monetize part of the debt. I have read Treasury reports in 2010 by Tim Geithner saying the U.S. government debt increased by more than 2 trillion dollars during that period of time. The deficit, in my opinion, mathematically,cannot come down, because 80% of the budget is mandatory expenditures, in other words, you cannot cut them. Legally, they have to be met.Of the remaining 20%, you can cut a little bit, but not that much, because then services collapse. In my view, the fiscal deficit of the U.S. will stay around 1½ trillion dollars for as far as the eye can see, and maybe even go to 2, or 2½ trillion dollars, and then the interest expenditures on the debt go up. So actually, over time, in my view, unless taxes are increased significantly, and spending is cut significantly, not by a little bit here, a little bit there, the budget will never again be balanced, and that will then necessitate, in time, QE-III, QE-IV, and QE-V. Taxes cannot be increased dramatically, because if you increase them very substantially, we will go straight back into a recession.
John Embry & James Turk on The Silver Correction and overall economy
John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ...
The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in the paper market these positions are being protected and in the short run they have a lot of power they can move the market a long way as we see , and we have seen a 20 percent price correction from the high a week ago but this is not atypical and I do not think people should be deeply concerned about it they should be actually thankful that if they do not own silver that they are getting an opportunity to buy some ...
The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in the paper market these positions are being protected and in the short run they have a lot of power they can move the market a long way as we see , and we have seen a 20 percent price correction from the high a week ago but this is not atypical and I do not think people should be deeply concerned about it they should be actually thankful that if they do not own silver that they are getting an opportunity to buy some ...
John Embry & James Turk on The Silver Correction and overall economy
John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ...
The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in the paper market these positions are being protected and in the short run they have a lot of power they can move the market a long way as we see , and we have seen a 20 percent price correction from the high a week ago but this is not atypical and I do not think people should be deeply concerned about it they should be actually thankful that if they do not own silver that they are getting an opportunity to buy some ...
The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in the paper market these positions are being protected and in the short run they have a lot of power they can move the market a long way as we see , and we have seen a 20 percent price correction from the high a week ago but this is not atypical and I do not think people should be deeply concerned about it they should be actually thankful that if they do not own silver that they are getting an opportunity to buy some ...
John Embry & James Turk on The dollar crisis
John Embry Chief Investment Strategist at Sprott Asset Management discusses with GoldMoney Foundation Director James Turk the worsening fiscal position of the US government with GoldMoney Foundation Director James Turk. In John's view, America is likely heading for hyperinflation thanks to the current fiscal policies of the Federal Reserve.: I do I look at things mathematically he says , when I look at the budget deficit for example you reach the stage now where expenditures are twice as much as revenues , they are taking in less than 50 percent of what they're spending anytime you seen that in history that mean you by pass the point of no return so I find these debates of how much spending and cuts they gonna have or tax rise or sort of deals budget deficit problems kinda factious because I think they have reach the state in which they can do nothing but monetize to debt because they can't crack it - U.S. Dollar on Death Row
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