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 Posted - 01/06/2012 : 14:38:33
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HAWAII IS SLOWLY GOING BANKRUPT
My wife and I are currently vacationing in Hawaii. Tragically, Hawaii is slowly going bankrupt; hence is dramatically cutting back on social services.
Last year, Hawaii cut its welfare and disability payments by one-third. It also cut its school week to a 4-day week from a 5-day week (essentially cutting the educational budget by 20%).
This week, Hawaii closed two of its largest hospitals because they were bankrupt.
Nations, or states, don't suddenly go bankrupt. They slowly die the "death of a thousand cuts".
We are losing paradise. |
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Posted - 01/06/2012 : 16:02:11
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American Unemployment Figures Look More Like A Depression Than A Recession
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Posted - 01/07/2012 : 10:29:43
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Napolean Invaded Russia With More Than 500,000 Troops And Lost 95% Of Them
BRIEF HISTORY LESSON
How Many Wars Has America Won Since World War II?
Since World War II, America has been repeatedly at war. Historically, it has lost practically all of these wars.
- Korean War (1950-1953) which ended in a stalemate
- Vietnam War (1955-1975) which ended in defeat
- Bay of Pigs Invasion of Cuba (1961) which ended in defeat
Historical note: President Kennedy was angered with the CIA's failure, and declared he wanted "to splinter the CIA in a thousand pieces and scatter it to the winds." Kennedy commented to his journalist friend Ben Bradlee, "The first advice I'm going to give my successor is to watch the generals and to avoid feeling that because they were military men their opinions on military matters were worth a damn." (Wikipedia http://en.wikipedia.org/wiki/Bay_of_Pigs_Invasion#Political_reaction)
- US Invasion of Grenada (1983):
Grenada was an undefended Caribbean Island. The United Nations General Assembly, condemned this invasion as "a flagrant violation of international law".
- US Invasion of Panama (1989):
Panama was an American ally. The United Nations General Assembly, condemned this invasion as "a flagrant violation of international law".
- Persian Gulf War Against Iraq (1990-1991) which ended in victory
- Iraq War (2003-2011) which is a pending defeat:
By definition, a nation is defeated when its army of occupation is forced to leave, and its remaining puppet government is overthrown by a new government that is hostile to the former occupying army. In Iraq's case, the current pro-American puppet government has yet to be overthrown. This should happen later this year.
- Afghanistan War (2001-present) which is a pending defeat
The lesson of history is very clear. Every empire collapses when it bankrupts itself with war. |
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Posted - 01/07/2012 : 18:43:45
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OUR FINANCIAL SYSTEM IS ABOUT TO COLLAPSE, SO LET'S LEARN WHY
First, let's watch this video explaining how money is created by banks. |
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Posted - 01/07/2012 : 18:53:42
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Money as Debt - Fractional Reserve Banking part 2 of 5
The second part of this video explains how banks multiple their deposits through "fractional reserve banking". |
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Posted - 01/07/2012 : 19:11:13
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Money as Debt - Fractional Reserve Banking part 3 of 5
The third part of this video explores alternatives to our present fractional reserve banking system. |
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Posted - 01/07/2012 : 19:14:17
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Money as Debt - Fractional Reserve Banking part 4 of 5
The fourth part of this video explores alternatives to our present fractional reserve banking system. |
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Posted - 01/07/2012 : 19:22:58
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Money as Debt - Fractional Reserve Banking part 5 of 5
The last part of this video explores how bankers could literally take over the world. |
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Posted - 01/08/2012 : 10:13:16
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How The US Federal Reserve Makes Banks Rich By Buying US Treasuries
GREATEST TRANSFER OF WEALTH IN HISTORY
U.S. Federal Reserve Gave Banks $16.1 Trillion In Secret Loans
Paul Craig Roberts (Assistant Secretary of the Treasury under President Reagan, former associate editor and columnist for The Wall Street Journal) in his January 6, 2012 post (which I copied) stated:
"The federal government’s reckless issuance of debt in order to finance its hegemonic wars and the Federal Reserve’s misuse of its authority to create $16.1 trillion in secret loans to US and European banks (as revealed by the GAO audit of the Fed) have created an enormous number of new dollars. In addition, financial deregulation has resulted in banks creating paper claims on real assets that far exceed the value of the underlying real assets. This is an untenable situation."
These secret loans allowed these banks to conduct a massive scam:
- Under fractional reserve banking, for every dollar that the bank loaned (at zero percent interest) from the US Federal Reserve, the bank could loan $9 (or more) to the US government (by buying its Treasury bonds).
- These banks then exchanged these Treasury bonds for cash at the US Federal Reserve. These banks would then pay back the $1 original loan to the US Federal Reserve and pocket the remaining $8 as profit, which they placed into their reserves so that they could create 9-times that in new loans (to buy Treasury bonds).
- Then the banks repeated this scam and made trillions in (unjust) profit.
- Taxpayers ultimately must pay for this secret $16.1 bank "bailout" because taxpayers (i.e., the US Treasury) must eventually buy back with interest all these newly created Treasury bonds from the US Federal Reserve (which is a private banking cartel). (Most Americans don't know that the US Federal Reserve is a private banking cartel, and not a "federal agency".)
Are American Banks "To Big To Fail"?
The US banking industry produces 4% of America's $14 trillion Gross Domestic Product. Given its relatively small contribution to the American economy; why should the US banking industry receive a $16.1 trillion bailout (i.e., 115% of the American Gross Domestic Product)?
There are many other parts of the American economy that are failing. Will they get bailouts equal to 115% of America's Gross Domestic Product?
The answer, of course, is "no". America has literally bankrupted itself on bailing out its banking industry. The biggest transfer of wealth in history has been secretly done, and the banksters have gotten away with a $16.1 trillion heist. Why Should You Care?
Look around you. Hospitals are going bankrupt. Schools are closing. States are going bankrupt. Pension plans are collapsing. Welfare payments are being cut back.
Our banks are bankrupting the nation.  |
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Posted - 01/08/2012 : 11:00:03
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Posted - 01/08/2012 : 11:03:17
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Posted - 01/08/2012 : 11:08:22
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Posted - 01/08/2012 : 11:11:10
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Posted - 01/08/2012 : 11:13:06
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Posted - 01/08/2012 : 11:15:04
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2012: The Year USA Realized It Was Broke [closed]
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