I Had No Idea Sarko was this Short in Stature

The Current State of the US Government Prophesied Over 70 Years Ago

"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than the democratic state itself. That in its essence is fascism: ownership of government by an individual, by a group, or any controlling private power.”

Franklin D. Roosevelt

 

He May be a Bloodthirsty Murdering Sonuvabitch but He's Our Bloodthirsty Murdering Sonuvabitch

SANAA, Yemen (AP) - Tens of thousands of Yemenis held demonstrations around the country Friday to demand their longtime president face trial for the killings of hundreds of unarmed protesters in the pro-democracy uprising that began 10 months ago.
President Ali Abdullah Saleh, in power for 33 years, signed a deal granting him immunity from prosecution in return for stepping down.
http://apnews.myway.com/article/20111230/D9RUUNO81.html

Embattled Yemeni President Ali Abdullah Saleh will be allowed to come to the United States for medical treatment in New York, a senior Obama administration official said Tuesday.
US Welcomes Murderous Yemen Leader

The United States supplies a large part of the Egyptian military budget
He may be a sonuvabitch but he's our sonuvabitch

Video begins at 30 second mark

Corzine Again Asked Where is the $1.2 Billion

“I simply do not know where the money is, or why the accounts have not been reconciled.” The former Golman Sachs CEO, US Senator and governor of New Jersey replied.
"Come on, leave the man alone. He's already told you he doesn't know what happened to the 1.2 billion dollars." President Obama then spoke in defense of his top campaign bundler of funds.

There Will Be Chaos....

Photos taken in Cairo on Saturday, December 17

CAIRO (AP) - Hundreds of Egyptian soldiers swept into Cairo's Tahrir Square on Saturday, chasing protesters and beating them to the ground with sticks and tossing journalists' TV cameras off of balconies in the second day of a violent crackdown on anti-military protesters that has left eight dead and hundreds injured.
The violent, chaotic scenes have brought to the fore the simmering tensions between the ruling military council that took power after Hosni Mubarak's ouster and activists demanding the generals transfer power immediately to civilians.

From February of this year:
http://fatboysez.blogspot.com/2011/02/there-will-be-chaos-in-egypt-which-is.html

Obama OutBushes Bush. Cheney Joins Obama Re-Election Campaign

Despite his promise to veto amendments within the National Defense Authorization Act (NDAA) President Obama said Wednesday he will approve the law allowing the U.S. military to arrest and hold anyone it deems a terrorist, even on American soil.
Obama Authorizes Indefinite Detention of Amerikan Citizens on Amerikan Soil

 

US Main Ally in the Middle East Beheads Woman for Practicing Sorcery

RIYADH: A Saudi woman was beheaded on Monday after being convicted of practising sorcery, which is banned in the ultra-conservative kingdom, the interior ministry said.
Amina bint Abdulhalim Nassar was executed in the northern province of Jawf for "practising witchcraft and sorcery,"
http://timesofindia.indiatimes.com/world/middle-east/Saudi-woman-beheaded-for-sorcery/articleshow/11081842.cms

Greece. The Birthplace of Democracy

«The country has no need for elections, but rather a capable government that will work towards averting the danger it faces,»
http://www.athensnews.gr/portal/8/51327

Recovery?

The red line is wages as a percent of GDP – the blue line shows the sum of those same wages – as augmented by increased consumer debt (borrowings) – again as a percent of GDP.

Headlines from the Athens News

Seven armed robberies in Attica One in two cannot afford heating oil Venizelos calls for unity More than 80 percent of respondents said they were dissatisfied with the government, according to Public Issue, which conducted a telephone survey of 1,008 people between December 1-5. Greece has fastest rise in suicide rates in Europe According to experts, the suicide rate in Greece has increased by 40 percent in the first five months of 2011 and the rising trend coincides with the start of the economic crisis. http://www.athensnews.gr/ 

Wall Sreet is a Crack House

"Europe doesn't face a liquidity problem. It faces a solvency problem. What investors really want isn't just for someone to buy distressed European debt, but for someone to buy that debt and willingly take a loss on it so the money doesn't ever actually have to be repaid."
/

Frankly, I am concerned that Wall Street is becoming little more than a glorified crack house. Day after day, the sole focus of Wall Street is on more sugar, stronger sugar, Big Bazookas of sugar, unlimited sugar, and anything that will get somebody to deliver the sugar faster. This is like offering a lollipop to quiet down a 2-year old throwing a tantrum, and expecting that the result will be fewer tantrums.

What we have increasingly observed over the past decade is nothing but the gradual destruction of the ability of the financial markets to allocate capital for the benefit of future growth. By preventing the natural discipline of the markets to impose losses on poor stewards of capital, and to impose interest rates high enough to force debtors to allocate the capital usefully, the world's policy makers are increasingly wrecking the prospects for long-term economic growth. The world's standard of living (what we can consume for the work we do) is intimately tied to its productivity (what we can produce for the work we do). That productivity requires our scarce savings to be allocated to productive physical capital, and to productive human capital (primarily education).

Nietzsche famously said "What does not kill me makes me stronger." The corollary is "What constantly rescues me makes me weaker." The world will only stop looking for bailouts when policy makers stop handing them out.

http://www.hussmanfunds.com/wmc/wmc111205.htm

Recovery?

"We were hit by inflation, a declining net worth, and increased government debt all at the same time. This wicked combination made the 3rd quarter of 2011 the 2nd worst quarter of the last 50 years. So much for that sustainable recovery theory."
Potemkin Village

 According to this story, Potemkin, who led the Crimean military campaign, had hollow facades of villages constructed along the desolate banks of the Dnieper River in order to impress the monarch and her entourage with the value of her new conquests, thus enhancing his standing in the empress's eyes

Delaying the Inevitable

“THERE IS NO MEANS OF AVOIDING THE FINAL COLLAPSE OF A BOOM BROUGHT ABOUT BY CREDIT EXPANSION. THE ALTERNATIVE IS ONLY WHETHER THE CRISIS SHOULD COME SOONER AS A RESULT OF A VOLUNTARY ABANDONMENT OF FURTHER CREDIT EXPANSION, OR LATER AS A FINAL OR TOTAL CATASTROPHE OF THE CURRENCY SYSTEM INVOLVED”

Ludwig von Mises



Former Goldman Sachs CEO, Governor of New Jersey and Top Obama Campaign Contributor Speaks

As CEO of MF Global, a primary dealer for Bernanke's US Federal Reserve, $1.2 billion of client money has vanished under his watch. The honorable John Corzine responds:
“I simply do not know where the money is, or why the accounts have not been reconciled,”
Show Me the Money Pigman Corzine

Update:
Not only is Pigman Corzine at a loss as to where the $1.2B MF Global's client's money is, so is the CFTC and the SEC. But, if you are caught shoplifting a $3 T-Shirt from WalMart, you will be beaten, arrested and incarcerated.
http://www.marketwatch.com/story/not-just-corzine-who-cant-find-the-money-2011-12-08?link=MW_home_latest_news

MF Global's role as a Primary Dealer for Bernanke's Federal Reserve:

What Does Primary Dealer Mean?
A pre-approved bank, broker/dealer or other financial institution that is able to make business deals with the U.S. Federal Reserve, such as underwriting new government debt. These dealers must meet certain liquidity and quality requirements as well as provide a valuable flow of information to the Fed about the state of the worldwide markets.

Investopedia explains Primary Dealer
These primary dealers, which all bid for government contacts competitively, purchase the majority of Treasuries at auction and then redistribute them to their clients, creating the initial market in the process

Read more: http://www.investopedia.com/terms/p/primarydealer.asp#ixzz1fyAE6BHn

What Would You do if...

your son or daughter joined the US military after the 9/11 attacks, after George Bush had spouted lie after lie in an attempt to link Iraq to the 9/11 attacks and spread disinformation that Iraq planned on using WMD's that didn't exist. Your son or daughter is then killed in the line of a duty. The US Department of Defense assures you that the remains of your son or daughter will be treated with the utmost respect. Then you read this:
Remains of at least 274 US soldiers killed in the line of duty are dumped in landfill

Democracy is Dead.

What is the purpose of elections or representative governments when foreigners can dictate to a sovereign nation how they should spend their taxpayer's money? What citizen, what kind of man would sit back and allow this to occur? Children are going without meals as the distribution of wealth to the top 1% is larger than any time in history. You can die on your knees sucking banker's cocks or you can die standing, as a man. Which would you choose?


The European commission could be empowered to impose austerity measures on eurozone countries being bailed out, usurping the functions of government in countries such as Greece, Ireland, or Portugal. Bailed-out countries could also be stripped of their voting rights in the EU, under radical proposals being discussed at the highest level in Brussels before this week's crucial EU summit on the sovereign debt crisis.
Democracy is Dead

The US Faux Recovery Captured in One Chart

Portugal Raids the Pension Funds of their Citizens to Appease Global Banking Cartel

The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet.

The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9pc of GDP set by the terms of the country’s €78bn bail-out from around 10pc in 2010.

"This measure is more than sufficient to meet the budget deficit goal in 2011," said Helder Rosalino, secretary of state for central administration, on Friday.

Portugal said it had informed the EU and IMF and assured them it would be a “one-off”. However the 2010 budget was met by shifting three pension plans from Portugal Telecom on to the public social security system. The liabilities don’t count, yet.

There have been no complaints from Eurostat but Raoul Ruperal from Open Europe said: “This can’t be seen as a future revenue stream in any way.”
http://www.telegraph.co.uk/finance/financialcrisis/8932687/Portugal-raids-pension-funds-to-meet-deficit-targets.html

The New Face Of Europe and it isn't Pretty



MERKOZY