Category: Debt


Congress Brings Socialism To America With This Proposed Law

 

 

 

” Sadly today I am reporting to you yet another development that seems as if we are all living within the pages of Ayn Rand’s seminal work Atlas Shrugged.

  You may recall from the book that John Galt, the enigmatic protagonist, started off as a young engineer at the Twentieth Century Motor Company.

  When the owner of the company died, the heirs decided to run the business according to the new enlightened principles of the time.

  Primarily, they let all the workers vote on how the factory was supposed to be run and how much everyone should be compensated.

  And it was soon decided that “everybody in the factory would work according to his ability, but would be paid according to his needs.”

  Naturally, bright hard-working employees soon left; they found themselves working around the clock for the benefit of others who felt entitled to contribute as little as possible.

  John Galt was among the first out the door.

  And not long after, the once successful company went bust. No surprise.

  Unfortunately this is no longer fiction. Because in the Land of the Free, the United States Congress is striving to make Atlas Shrugged a reality.

  Their latest brainchild is to set up a new government bank, stuff it full of taxpayer funds, and loan the money to American workers for the exclusive purpose to help them form collectives and buy the companies they work for.

  It’s called the United States Employee Ownership Bank Act.

  And, straight from the bill, they aim to provide “loan guarantees, direct loans, and technical assistance to employees to buy their own companies. . .”

 

Read the rest at Zero Hedge

 

 

 

 

 

 

 

 

 

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Billionaire Warns: Yellen Collapse ‘Will Be Unlike Any Other’

 

 

 

 

” Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.

  That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management. 

  Grantham pulls no punches when assigning responsibility for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and says the Federal Reserve all but killed the economic recovery

  Grimly, he adds, “We have never had this before. It’s going to be very painful for investors.” 

  Grantham isn’t the only one worried about a market collapse. 

“ We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it.” 

  Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment. “

 

 

Money News

 

 

 

 

 

 

 

 

 

 

Why You Feel Poorer

 

 

costoflivingxpenses-7-1-14

 

 

 

 

” You feel poorer because you are poorer.

  In the last fourteen years, has your income increased over 50%? If you think it has, has it done so after taxes? Even if it has, you likely have not kept up in terms of inflation.

  If you are a retiree, living on fixed income, a pension or bonds, you certainly have become poorer. If you had bought the Dow-Jones on 12/31/1999 you would have entered at about 11,500. It closed last week at less than 17,100. That would have been an appreciation of 6,600, better than 50%. But, of course, that was before taxes.

  As a retiree, you have seen your purchasing power stolen by Fed policies. Whether you invested in fixed income or equities, you lost ground. Anyone in that position has seen their lives become poorer despite a lifetime of successful work and careful financial planning.”

 

 

    As it stands now , no matter how hard you work and save , you’ll never get ahead , not with the present monetary policies put in place at the behest of the Fed and the government . The authorities are systematically destroying all that the American public has worked so hard to attain . The American dream is not being killed by China … It is a victim of filicide

 

 

” For those still working, most are losing purchasing power each year. Wages are not keeping up with inflation, even the understated numbers reported by government. In short, the decline of a once-great economic power is well underway. The country is no longer growing enough to raise everyone’s standard of living.

  Government has killed the golden goose and in an attempt to hide the obvious is debauching the dollars. Government tries to hide their own failure with phony statistics and a welfare state designed to placate the masses. Bread and circuses are deceptions not progress.”

 

 

Read the rest

 

 

 

 

 

 

Border Patrol Agent: The Obama Admin “Aiding And Abetting And Facilitating The Smuggling Of Illegals” Into US

 

 

 

 

” After being questioned by the other guest, Garza goes on to explain that what he means by “aiding and abetting” is that the federal government is just taking the information of these illegals and telling them to report back to an immigration hearing based on the honor system. He says that the majority of these people will never report back to an immigration hearing.

  Garza also points out that it’s not just children being smuggled, but whole families coming across, and he asks a very important question:

  How do you expect a mother from Honduras that is crossing the country with 3 to 5 children, and they’re all young-aged children, how do you expect for that mother who comes to this country to actually begin working?

  This illegal alien who comes to this country with 3 to 5 kids is gonna depend on our welfare system, on government assistance. And you know what? That is costing the taxpayer a lot of money.

That’s exactly right. Cloward and Piven at the border. “

 

The Right Scoop

 

 

 

 

 

 

 

 

 

Christine Lagarde – The Most Dangerous Woman In The World

 

 

 

 

 

” I have gone on record that the most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report that debt cuts for over-indebted states are uncompromising and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem. Yes you read correctly, The new IMF paper is described in great detail exactly how to now allow the private sector, which has invested in government bonds,  to be expropriated to pay for the national debts of the socialist governments.

  I have been warning that there is an idea that has been running around behind the curtain that the national debt of the USA could be settled by usurping all pension funds in the country. Here is a remarkable blueprint that throws all previous considerations concerning the purchase of government bonds over the cliff. The IMF working paper from December 2013 states boldly:

 

“ The distinction between external debt and domestic debt can be quite important. Domestic debt issued in domestic currency typically offers a far wider range of partial default options than does foreign currency–denominated external debt. Financial repression has already been mentioned; governments can stuff debt into local pension funds and insurance companies, forcing them through regulation to accept far lower rates of return than they might otherwise demand.”

  People are blind. They think this is authorization to go get the rich. They are going after everyone for the “rich” are tiny players in the game. People do not want to hear that. They want to think the rich can pay the bills for everyone else. That is not practical and even Julius Caesar recognized that they may be a small group, but they are the engine of the economy that creates jobs. It would have been popular for him to wipe out all the rich who he was against. But in the end, he had to solve the debt crisis by simply retroactively attribute all interest to capital in order to solve the debt crisis that led to the first civil war.”

 

Armstrong Economics

 

 

 

 

 

 

 

 

 

 

The Map With Only 38 States

 

 

 

” In 1973, California State University geography professor George Etzel Pearcy suggested that the U.S. redraw its antiquated state boundaries and narrow the overall number of states to 38.

  Pearcy’s proposed state lines were drawn in less-populated areas, isolating large cities and reducing their number within each state. He argued that if there were fewer cities vying for a state’s tax dollars, more money would be available for projects that would benefit all citizens.

  Because the current states were being chopped up beyond recognition, part of his plan included renaming the new states by referencing natural geologic features or the region’s cultural history.

  While he did have a rather staunch support network—economists, geographers, and even a few politicians argued that Pearcy’s plan might be crazy enough to work—the proposal lost steam in Washington. Imagine all the work that would have to be done to enact Pearcy’s plan: re-surveying the land, setting up new voter districts, new taxation infrastructure—basically starting the whole country over. It’s easy to see why the government balked (though that doesn’t mean it was a bad idea).”

 

Mental Floss

 

 

 

 

 

 

 

 

 

 

Another Business Moves Abroad, Leaving Behind High U.S. Taxes

 

 

 

 

” Yet another business is moving abroad to escape the America’s high tax rates.

  Medtronic, one of the world’s largest medical device companies, recently acquired Covidien for $42.9 billion in a move that will relocate headquarters from Minneapolis to Ireland.

  The draw? Medtronic’s corporate tax rate will drop from America’s 35 percent rate to Ireland’s 12.5 percent rate.

“ That’s how it works,” Jim Cramer of CNBC’s Mad Money said. “You buy a company that’s legitimately headquartered in a lower-tax country, even if it does all of its business here, and then you can get out of paying the higher U.S. taxes.” “

 

Read on

 

 

 

 

 

 

 

 

 

 

The Kronies: Laughing All The Way To The Export-Import Bank

 

 

 

 

Published on Jun 16, 2014

” Get Konnected at http://thekronies.com/

  In this very special episode of “The Less You Know”, Johnny and Bobby learn a valuable lesson about campaign finance. 

  With a crucial re-authorization vote looming, the Representatives must decide whether or not to support the U.S. Export-Import Bank. Johnny and Bobby nearly make a terrible mistake, one that could endanger their political careers! 

  Luckily, Bankor and Ariel Stryker appear just in time to set the Reps straight…straight on the path to re-election. Including a special appearance by “the Big man” himself, this episode is sure to capture hearts, minds, and votes.”

 

 

 

 

 

 

 

 

 

 

 

 

 

9 Unbelievably Absurd Acronyms the FBI Is Tracking On Twitter, Or 9UAATFBIITOT

 

 

FBI Twitterspeak

 

 

 

 

 

” In this week’s stranger news, an 83-page document was procured by self-proclaimed “FOI Geek” Jason Smathers under the Freedom of Information Act. The document, created by the FBI’s Directorate of Intelligence Research Support Unit, features an “extensive—but far from exhaustive—list of shorthand and acronyms used on Twitter and other social media venues.”

  The list contains more than 2,800 entries (you read that correctly) which the FBI asserts you “should find useful in your work or for keeping up with your children and/or grandchildren.” In case your child decides to tell you, “HGH”, during in the middle of a conversation, fret not, for now you can just pull out your handy dandy 83-page guide to internet slang and see that they’re obviously telling you “Haters Gonna Hate.” Duh.

  With over 2,800 abbreviations on the list, there are understandably some strange ones which, based on a quick internet search, have literally never even been used. Imagine employing any of these in daily conversation, not to mention trying to memorize them:

From Reason:

 

  • IOKIYAR, “It’s okay if you’re a Republican
  • ALOTBSOL, “Always look on the bright side of life”

 

 

 

 

 

 

  • BTDTGTTAWIO, “been there, done that, got the T-shirt and wore it out”
  • EOTWAWKI, “end of the world as we know it”

 

 

 

 

 

  • HCDAJFU, “He could do a job for us”
  • IITYWTMWYBMAD, “If I tell you what it means will you buy me a drink?”
  • LFBBEG, “Looking for big bad evil guy”
  • KTBSPA, “Keep the backstreet pride alive”
  • PMIGBOM, “Put mind in gear before opening mouth”

 

 

     Our tax dollars at work … Jeez . One would think that with all the threats to our way of life from those evil “right-wing extremists” , the need to change illegal’s diapers , arming terrorists and such that the Feds would have enough to do without spending a fortune studying social media acronyms … but one would be wrong , wouldn’t one ? 

   In Obama’s Amerika no job is to small for the hand of big government .

Read more  here and here:

 

FBI Releases 83-Page Guide to Social Media Slang, Acronyms

FBI’s Amusing ‘Twitter Speak’ Dictionary Revealed

WTF FBI? Agency Has Huge List of Twitter Slang (and Some of It’s Fake)

FBI discovers Twitter-speak, starts a dictionary

 

 

 

 

 

 

 

 

 

 

VIDEO: College Students Asked To Help Get Hillary Out Of Debt; Their Reactions Are A Must Watch

 

 

 

 

” Hillary Clinton cried ‘woe is me’ as she lamented on the ‘fact’ that she and her husband Bill were not only dead broke when they left the White House, they were also, according to Hillary, in debt. Given the fact that they lived in the White House for 8 years with nearly all of their expenses paid, many have found that supposed fact that Hillary is trying to sell to be simple not believable. In addition, the fact that Hillary received an $8 million signing bonus for her memoirs soon after they left the White House makes her claim even more laughable.

  Charging $200,000 per speech, Bill and Hillary Clinton have raked in the dough to help pay for the houses that Hillary claims they struggled to afford. They have supposedly made over $100 million since they left the White House. 

  Caleb Bonham, from Campus Reform, ventured onto the Georgetown Campus in Washington, DC to collect donations from students for the “Hillary Clinton Fund for Broke Politicians.” The reactions from the students are quite funny and some of them have some choice words that address Hillary’s claim. The fund received a whopping $5.62 in total donations which, Campus Reform says, was sent to the Clintons posh residence in D.C.”

 

Many thanks to TPNN  , and be sure to check out the comments at Youtube , they’re hysterical .

 

 

 

 

 

 

 

 

 

 

 

IMF Slashes Estimate For US Economic Growth In 2014

 

 

 

 

 

” The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country’s products.

  In its annual review of the US economy, the IMF cut its growth forecast by 0.8 percentage points to 2%. At a press conference IMF managing director Christine Lagarde blamed the bad winter for much of the cut and said the setback should be temporary. But she warned: “Growth in and of itself will not be enough.”

  As part of a series of reforms the IMF has called for an increase in the minimum wages in the US, currently the lowest when compared to the average wage in any of the Organisation for Economic Co-operation and Development (OECD)’s 34 countries.

  She said the number of long-term unemployed, 3.4 million in May according to the Department of Labor, remained too high and the percentage of people in or actively looking for work, the so-called participation rate, remained too low.”

 

 

 

    While acknowledging the impact that our huge unemployment rate is playing in the lack of recovery , Ms Lagarde proceeds to lecture the US on the need to hike the minimum wagethat will spur employment , yeah , right . Their second recommendation is the other tried and true Statist “recovery tool” … government stimulus

 

” The IMF believes the US also needs to do more to mitigate the impact of its aging population and to stimulate productivity. The best option would be for government to boost spending, notably on infrastructure, the IMF said.”

 

 

 

The Guardian has more

 

 

 

 

 

 

 

 

“Liquidity Is Becoming A Serious Issue” As Japan’s Bond Market Death Goes Global

 

 

 

 

 

” While we noted last week the death of the Japanese bond market as government intervention has killed the largest bond market in the world; it is now becoming increasingly clear that the dearth of trading volumes is not only spreading to equity markets but also to all major global markets asinvestors rotate to derivatives in order to find any liquidity. Central planners removal of increasing amounts of assets from the capital markets (bonds and now we find out stocks), thus reducing collateral availability, leaves traders lamenting “liquidity is becoming a serious issue.” While there are ‘trade-less’ sessions now in Japanese bonds, the lack of liquidity is becoming a growing problem in US Treasuries (where the Fed owns 1/3rd of the market) and Europe where as JPMorgan warns, “some of this liquidity may be more superficial than really deep.” The instability this lack of liquidity creates is extremely worrisome and likely another reason the Fed wants to Taper asap as DoubleLine warns, this is “the sort of thing that rears its ugly head when it is least welcome — when it’s the greatest problem.”

As Bloomberg reports,

Japan’s bond market is dead… and so is its stock and FX markets…

 

  The Bank of Japan’s unprecedented asset purchase program has released a creeping paralysis that is freezing government bond trading, constricting the yen to the tightest range on record and braking stock-market activity.

“ All the markets have been quiet,” said Daisuke Uno, the Tokyo-based chief strategist at Sumitomo Mitsui Banking Corp. “We’ve already seen the BOJ dominance of JGBs since last year, but recently participants in currency and stock markets are also decreasing as those assets have traded in narrow ranges.”

“ The flows on both the buying side and selling side continue to fall,” said Takehito Yoshino, the chief fund manager at Mizuho Trust & Banking Co., a unit of Japan’s third-biggest financial group by market value. “Falling volatility is a very serious problem for traders and dealers who are unable to get capital gains.”

The effects of the plunge in Japan’s bond market is hardly limited to the land of the Rising Sun …

The US is getting that way as the Fed owns one third of the market…

 

” And with that not only have the central planners broken the largest and historically most liquid markets in the world but have forced investors into leveraged derivatives positions (in order to find liquidity for their exposure-seeking) which themselves are entirely over-promise (relative to the underlyings) and under-collateralized with any quality collateral. As we concluded previously

 
 

  Assume tomorrow the real black swan appears and all the liabilities: traditional and shadow, promptly demand collateral delivery. Well, the $11 trillion shortage would mean that risk values of, for example the S&P, would be haircut by a factor of, say, 75%. Or back to the proverbial 400 on the S&P500.

  Still think owning real high quality collateral, not of the paper but of the hard asset variety such as gold, is a naive proposition, best reserved for fringe lunatic, tin foil hatters and gold bugs?

Go ahead then: sell yours. “

 

 

 

Continue reading at Zero Hedge

 

 

 

 

 

 

 

 

 

 

 

Courtesy Of Allen West

 

 

 

image002

 

 

 

     With two book deals worth a combined $18 million , two homes worth a combined $4.55 million , Bill hauling in nearly $10 million in speaking fees and Hillary’s $145,000 annual Senate salary we all should be so “dead broke” . 

   Spoken like a true 1%er …

 

 

 

 

 

 

 

 

 

 

 

Elites Beware: Eric Cantor’s Defeat May Signal A Populist Revolution

 

 

 

 

” Expecting House Majority Leader Eric Cantor to win his GOP primary in Virginia, I spent Election Day in Pennsylvania – interviewing angry Republicans, Democrats and independents about the rise of political populism.

  I was in the wrong state, but I had the right topic. Cantor’s defeat has less to do with immigration reform than it does with an uneven movement that should frighten conservative and liberal political elites to their shallow cores.

  Americans see a grim future for themselves, their children and their country.  They believe their political leaders are selfish, greedy and short-sighted – unable and/or unwilling to shield most people from wrenching economic and social change. For many, the Republican Party is becoming too extreme, while the Democratic Party – specifically President Obama – raised and dashed their hopes for true reform.”

 

 

 

   Only someone who has lived in a cave for the past twenty years could believe that real change can come from the District of Corruption . Despite the best efforts of the Corporate-State run media to demonize all things Tea Party and despite the occasional drug-addled morons shooting up the neighborhood a la Las Vegas , more and more citizens are coming to the conclusion that the ballot box and the courts offer no recourse … 

 

 

 

” At the West Chester’s popular D.K. Diner, a U.S. veteran who served five combat tours in Iraq and Afghanistan said the only solution may be a revolution against political elites. “We may need to drag politicians out and shoot them like they did in Cuba,” said a grim-faced Frederick Derry two days after a Los Vegas couple allegedly shot two police officers. The attackers draped their bodies with a “Don’t Tread on Me” flag, according to ABC News, pinned a swastika on them and a note that read “The revolution has begun.”

  A violent revolution is unconscionable. But what may be in the air is a peaceful populist revolt – a bottom-up, tech-fueled assault on 20th century political institutions. In a memo to his fellow Democrats, former Clinton White House political director Doug Sosnik writes persuasively about “an increasing populist push across the political spectrum.

  At the core of Americans’ anger and alienation is the belief that the American Dream is no longer attainable. Previous generations held fast to the promise that anyone who worked hard and played by the rules could get ahead, regardless of their circumstances. But increasingly, Americans have concluded that the rules aren’t fair and that the system has been rigged to concentrate power and wealth in the hands of a privileged few at the expense of the many. And now the government is simply not working for anyone.”

 

 

 

    Sosnik is wrong in that the government is working for some people and some businesses , just not the bulk of the taxpaying public . It’s working just fine if you draw a publicly funded paycheck as a federal employee or are a lobbyist , politician or corporate bigwig . It also works quite well if you happen to be a member of the media elite as the cronyism and nepotism between those two entities is well-documented . 

But he is correct in thinking that the time is nigh for the average citizen to choose sides and decide if he/she will indeed take part in the destruction of the barricades .

 

 

 

” Which side of the barricade are you on? Populists from the right and the left – from the tea party and libertarian-leaning Rand Paul to economic populist Elizabeth Warren – are positioning themselves among the insurgents. Sosnik pointed to six areas of consensus that eventually may unite the divergent populist forces:

  • A pull back from the rest of the world with more of an inward focus.
  • A desire to go after big banks and other large financial institutions
  • Elimination of corporate welfare.
  • Reducing special deals for the rich.
  • Pushing back on the violation of the public’s privacy by the government and big business.
  • Reducing the size of government.

  In Washington, Cantor’s defeat is being chalked up to the tea party’s intolerance toward immigration reform. While he paid a price for flirting with a White House compromise, Cantor’s greater sin was inauthenticity – brazenly flip-flopping on the issue. Typical politician.”

 

 

 

    Mr Fournier’s contention that Elizabeth “Fauxcahontas” Warren is anything but a confirmed Statist aside , we are willing to concede that the lines of battle are being drawn and that there is much common ground to be found between the Occupy crowd and the Tea Partiers .

   The question remains , which American personage will be able to unite these disparate interests and lead the charge over the barricades of corruption to reinstate American republicanism and reestablish a nation of limited government .

 

 

Ron Fournier

 

 

 

 

 

 

 

 

 

 

Taxpayer Money Goes To Party Video Dubbed As ‘Team Building’

 

 

Miami %22Team Building%22 Video

 

 

 

” It is a party video you have been paying for every year since 2010. 

  Miami-Dade County’s Community Information and Outreach department has been producing it, it said, to show around the holiday season and as a “team-building” exercise.

  Most of the videos appear to be a series of skits involving images of drinking, dancing and dramatics apparently designed to be funny.

” Shocking” is how one county employee described it, who did not want to be identified for fear of losing their job.

  One scene, for example, has images of one current and one former employee holding what appears to be beer and waiving dollar bills. All of this as the music says, “Bottoms up” and the two men are heard saying, “Cheers baby!”

  Other parts have employees dancing to popular songs like “Gangnam Style.” “

 

 

Read more on this obscene waste of public funds , modeled after those wasteful IRS ads of last year .

 

 

 

 

 

 

 

 

 

 

More Startling Information Revealed About The VA Scandal…This Is Worse Than We Thought

 

 

 

 

” According to Acting Department of Veterans Affairs Secretary Sloan Gibson, the number of veterans who potentially died as a result of long delays at VA facilities in Phoenix is more than twice as many as reported last month.

  Of the approximately 1,700 veterans VA Inspector General Richard Griffin reported were in danger of being “lost or forgotten” within the department’s bureaucracy and systematic delays, 17 were said to have died as a result. Gibson recently appeared in Phoenix – the epicenter of the VA scandal – for the first time in his current capacity, where he announced another 18 veterans died after their names were scrubbed from waiting list records.”

 

Story continues

Illustration by Lisa Benson

 

 

 

 

 

 

 

 

 

A Third Of America’s 18- To 34-Years-Olds Live With Their Parents

 

cotd adults living with parents

 

 

 

” Increasing numbers of young Americans are heading to college, where they’re racking up debt to pay for rapidly increasing tuition costs.

  Those graduating are being confronted by a challenging job market, which eventually leads many to just drop out of the labor force altogether.

  This in turn has led to an increasing delinquency rate for student-loan borrowers.

  So it’s no surprise that young people are increasingly opting, perhaps out of necessity, to live at home with their parents.

  In his latest monthly chart book, Deutsche Bank’s Torsten Slok tracks the rise of 18- to 34-years-olds currently in this position.

  And there are a lot.

  Slok sees this as a bullish force to come in the housing market characterized by a homeownership rate at a 19-year low.”

 

Business Insider

 

 

 

 

 

 

 

 

 

 

Audit: State Paid $12 Million In Health Costs — For Dead People

 

 

 

 

 

 

” Cook County has long been ridiculed for allowing dead people cast votes, but the state may have just garnered a new distinction.

  It paid $12 million in health care for people who were already dead — including in one case, for a person who had died in 1989.

  A new financial audit released by Auditor General Bill Holland’s office on Thursday found that the Illinois Department of Health and Family Services had 8,232 people still on Medicaid rolls qualifying for benefits, even though they were dead.

  The state paid monthly premiums totaling almost $7 million for 561 people who had already been dead for an average of nearly two years before they were enrolled in a state managed care program.

A person was dead for 663 days and then they were signed up for Managed Care,” an incredulous Holland told the Sun-Times. “They need to improve their system to ensure the death dates for current enrollees, and just to ensure that people who were deceased were not enrolled.”

 

Continued at Chicago SunTimes

 

 

 

 

 

 

 

 

 

 

Housing 1% Soars As 99%ers Dive

 

 

Home Sales

Click Picture For Video

 

 

 

” As the housing recovery now moves in fits and still-weak starts, the super-pricey segment is sizzling. Sales of the most expensive 1 percent of homes in the U.S. are up 21 percent this year, according to a report from Redfin, a Seattle-based real estate brokerage. Sales in the remaining 99 percent are down 7.6 percent.

” There are haves and have nots, and the haves are the ones out buying,” Redfin CEO Glenn Kelman said.

  Ten local housing markets have seen sales growth above 50 percent this year, not surprisingly the top three in tech-heavy Northern California. Long Island, home to the hoity-toitiest Hamptons homes, has seen sales up 72 percent, and Seattle and Miami aren’t far behind.

” The stock market had a record year and now it’s begun to plateau, and so you see people moving their money out of the equity market and into the housing market,” said Kelman.”

 

 

More here

 

 

 

 

 

 

 

 

 

 

13 Deaths, Untold Heartache, From G.M. Defect

 

 

 

 

” For most of the last decade, Candice Anderson has carried unspeakable guilt over the death of her boyfriend. He was killed in 2004 in a car accident here, and she was at the wheel. At one point, Ms. Anderson, who had a trace of Xanax in her blood, even faced a manslaughter charge. She was 21.

  All these years, Ms. Anderson — now engaged and a mother — has been a devoted visitor to his grave. She tidies it every season, sweeping away leaves and setting down blue daisies with gold glitter for his birthday, miniature lit trees for Christmas, stones with etched sayings for the anniversary of their accident.

“ It’s torn me up,” Ms. Anderson said of the death of Gene Mikale Erickson. “I’ve always wondered, was it really my fault?”

Last week, she learned it was not.”

   Read more of these 13 acknowledged victims of GM and the Fed’s conspiracy here and note these articles below that argue that the “official” death toll of 13 is just the beginning .

Federal Auto Safety Regulator: GM Ignition Flaws Likely Killed More Than 13 People

Why GM Recall Death Toll Will Rise

NHTSA Says More Than 13 Killed In GM Recalled Cars

    While this scandalous behavior on the part of GM began long before the government became the major shareholder , it demonstrates most succinctly that once the Feds became a partner of this private corporation and had a vested interest in the success and/or failure of that particular corporation that it abdicated it’s primary function as a watchdog of the public’s interests .

Globalist Confab Reveals This Year’s List Of Participants, Set To Attend In Copenhagen, Denmark, From May 29 – June 1, 2014

 

 

 

 

 

 

 

 

” Current list of Participants – Status 26 May 2014

Chairman
FRA Castries, Henri de Chairman and CEO, AXA Group

DEU Achleitner, Paul M. Chairman of the Supervisory Board, Deutsche Bank AG
DEU Ackermann, Josef Former CEO, Deutsche Bank AG
GBR Agius, Marcus Non-Executive Chairman, PA Consulting Group
FIN Alahuhta, Matti Member of the Board, KONE; Chairman, Aalto University Foundation
GBR Alexander, Helen Chairman, UBM plc
USA Alexander, Keith B. Former Commander, U.S. Cyber Command; Former Director, National Security Agency
USA Altman, Roger C. Executive Chairman, Evercore
FIN Apunen, Matti Director, Finnish Business and Policy Forum EVA
DEU Asmussen, Jörg State Secretary of Labour and Social Affairs
HUN Bajnai, Gordon Former Prime Minister; Party Leader, Together 2014
GBR Balls, Edward M. Shadow Chancellor of the Exchequer
PRT Balsemão, Francisco Pinto Chairman, Impresa SGPS
FRA Baroin, François Member of Parliament (UMP); Mayor of Troyes
FRA Baverez, Nicolas Partner, Gibson, Dunn & Crutcher LLP
USA Berggruen, Nicolas Chairman, Berggruen Institute on Governance
ITA Bernabè, Franco Chairman, FB Group SRL
DNK Besenbacher, Flemming Chairman, The Carlsberg Group
NLD Beurden, Ben van CEO, Royal Dutch Shell plc
SWE Bildt, Carl Minister for Foreign Affairs
NOR Brandtzæg, Svein Richard President and CEO, Norsk Hydro ASA
INT Breedlove, Philip M. Supreme Allied Commander Europe
AUT Bronner, Oscar Publisher, Der STANDARD Verlagsgesellschaft m.b.H.
SWE Buskhe, Håkan President and CEO, Saab AB
TUR Çandar, Cengiz Senior Columnist, Al Monitor and Radikal
ESP Cebrián, Juan Luis Executive Chairman, Grupo PRISA
FRA Chalendar, Pierre-André de Chairman and CEO, Saint-Gobain
CAN Clark, W. Edmund Group President and CEO, TD Bank Group
INT Coeuré, Benoît Member of the Executive Board, European Central Bank
IRL Coveney, Simon Minister for Agriculture, Food and the Marine
GBR Cowper-Coles, Sherard Senior Adviser to the Group Chairman and Group CEO, HSBC Holdings plc
BEL Davignon, Etienne Minister of State
USA Donilon, Thomas E. Senior Partner, O’Melveny and Myers; Former U.S. National Security Advisor
DEU Döpfner, Mathias CEO, Axel Springer SE
GBR Dudley, Robert Group Chief Executive, BP plc
FIN Ehrnrooth, Henrik Chairman, Caverion Corporation, Otava and Pöyry PLC
ITA Elkann, John Chairman, Fiat S.p.A.
DEU Enders, Thomas CEO, Airbus Group
DNK Federspiel, Ulrik Executive Vice President, Haldor Topsøe A/S
USA Feldstein, Martin S. Professor of Economics, Harvard University; President Emeritus, NBER
CAN Ferguson, Brian President and CEO, Cenovus Energy Inc.
GBR Flint, Douglas J. Group Chairman, HSBC Holdings plc
ESP García-Margallo, José Manuel Minister of Foreign Affairs and Cooperation
USA Gfoeller, Michael Independent Consultant
TUR Göle, Nilüfer Professor of Sociology, École des Hautes Études en Sciences Sociales
USA Greenberg, Evan G. Chairman and CEO, ACE Group
GBR Greening, Justine Secretary of State for International Development
NLD Halberstadt, Victor Professor of Economics, Leiden University
USA Hockfield, Susan President Emerita, Massachusetts Institute of Technology
NOR Høegh, Leif O. Chairman, Höegh Autoliners AS
NOR Høegh, Westye Senior Advisor, Höegh Autoliners AS
USA Hoffman, Reid Co-Founder and Executive Chairman, LinkedIn
CHN Huang, Yiping Professor of Economics, National School of Development, Peking University
USA Jackson, Shirley Ann President, Rensselaer Polytechnic Institute
USA Jacobs, Kenneth M. Chairman and CEO, Lazard
USA Johnson, James A. Chairman, Johnson Capital Partners
USA Karp, Alex CEO, Palantir Technologies
USA Katz, Bruce J. Vice President and Co-Director, Metropolitan Policy Program, The Brookings Institution
CAN Kenney, Jason T. Minister of Employment and Social Development
GBR Kerr, John Deputy Chairman, Scottish Power
USA Kissinger, Henry A. Chairman, Kissinger Associates, Inc.
USA Kleinfeld, Klaus Chairman and CEO, Alcoa
TUR Koç, Mustafa Chairman, Koç Holding A.S.
DNK Kragh, Steffen President and CEO, Egmont
USA Kravis, Henry R. Co-Chairman and Co-CEO, Kohlberg Kravis Roberts & Co.
USA Kravis, Marie-Josée Senior Fellow and Vice Chair, Hudson Institute
CHE Kudelski, André Chairman and CEO, Kudelski Group
INT Lagarde, Christine Managing Director, International Monetary Fund
BEL Leysen, Thomas Chairman of the Board of Directors, KBC Group
USA Li, Cheng Director, John L.Thornton China Center,The Brookings Institution
SWE Lifvendahl, Tove Political Editor in Chief, Svenska Dagbladet
CHN Liu, He Minister, Office of the Central Leading Group on Financial and Economic Affairs
PRT Macedo, Paulo Minister of Health
FRA Macron, Emmanuel Deputy Secretary General of the Presidency
ITA Maggioni, Monica Editor-in-Chief, Rainews24, RAI TV
GBR Mandelson, Peter Chairman, Global Counsel LLP
USA McAfee, Andrew Principal Research Scientist, Massachusetts Institute of Technology
PRT Medeiros, Inês de Member of Parliament, Socialist Party
GBR Micklethwait, John Editor-in-Chief, The Economist
GRC Mitsotaki, Alexandra Chair, ActionAid Hellas
ITA Monti, Mario Senator-for-life; President, Bocconi University
USA Mundie, Craig J. Senior Advisor to the CEO, Microsoft Corporation
CAN Munroe-Blum, Heather Professor of Medicine and Principal (President) Emerita, McGill University
USA Murray, Charles A. W.H. Brady Scholar, American Enterprise Institute for Public Policy Research
NLD Netherlands, H.R.H. Princess Beatrix of the
ESP Nin Génova, Juan María Deputy Chairman and CEO, CaixaBank
FRA Nougayrède, Natalie Director and Executive Editor, Le Monde
DNK Olesen, Søren-Peter Professor; Member of the Board of Directors, The Carlsberg Foundation
FIN Ollila, Jorma Chairman, Royal Dutch Shell, plc; Chairman, Outokumpu Plc
TUR Oran, Umut Deputy Chairman, Republican People’s Party (CHP)
GBR Osborne, George Chancellor of the Exchequer
FRA Pellerin, Fleur State Secretary for Foreign Trade
USA Perle, Richard N. Resident Fellow, American Enterprise Institute
USA Petraeus, David H. Chairman, KKR Global Institute
CAN Poloz, Stephen S. Governor, Bank of Canada
INT Rasmussen, Anders Fogh Secretary General, NATO
DNK Rasmussen, Jørgen Huno Chairman of the Board of Trustees, The Lundbeck Foundation
INT Reding, Viviane Vice President and Commissioner for Justice, Fundamental Rights and Citizenship, European Commission
USA Reed, Kasim Mayor of Atlanta
CAN Reisman, Heather M. Chair and CEO, Indigo Books & Music Inc.
NOR Reiten, Eivind Chairman, Klaveness Marine Holding AS
DEU Röttgen, Norbert Chairman, Foreign Affairs Committee, German Bundestag
USA Rubin, Robert E. Co-Chair, Council on Foreign Relations; Former Secretary of the Treasury
USA Rumer, Eugene Senior Associate and Director, Russia and Eurasia Program, Carnegie Endowment for International Peace
NOR Rynning-Tønnesen, Christian President and CEO, Statkraft AS
NLD Samsom, Diederik M. Parliamentary Leader PvdA (Labour Party)
GBR Sawers, John Chief, Secret Intelligence Service
NLD Scheffer, Paul J. Author; Professor of European Studies, Tilburg University
NLD Schippers, Edith Minister of Health, Welfare and Sport
USA Schmidt, Eric E. Executive Chairman, Google Inc.
AUT Scholten, Rudolf CEO, Oesterreichische Kontrollbank AG
USA Shih, Clara CEO and Founder, Hearsay Social
FIN Siilasmaa, Risto K. Chairman of the Board of Directors and Interim CEO, Nokia Corporation
ESP Spain, H.M. the Queen of
USA Spence, A. Michael Professor of Economics, New York University
FIN Stadigh, Kari President and CEO, Sampo plc
USA Summers, Lawrence H. Charles W. Eliot University Professor, Harvard University
IRL Sutherland, Peter D. Chairman, Goldman Sachs International; UN Special Representative for Migration
SWE Svanberg, Carl-Henric Chairman, Volvo AB and BP plc
TUR Taftalı, A. Ümit Member of the Board, Suna and Inan Kiraç Foundation
USA Thiel, Peter A. President, Thiel Capital
DNK Topsøe, Henrik Chairman, Haldor Topsøe A/S
GRC Tsoukalis, Loukas President, Hellenic Foundation for European and Foreign Policy
NOR Ulltveit-Moe, Jens Founder and CEO, Umoe AS
INT Üzümcü, Ahmet Director-General, Organisation for the Prohibition of Chemical Weapons
CHE Vasella, Daniel L. Honorary Chairman, Novartis International
FIN Wahlroos, Björn Chairman, Sampo plc
SWE Wallenberg, Jacob Chairman, Investor AB
SWE Wallenberg, Marcus Chairman of the Board of Directors, Skandinaviska Enskilda Banken AB
USA Warsh, Kevin M. Distinguished Visiting Fellow and Lecturer, Stanford University
GBR Wolf, Martin H. Chief Economics Commentator, The Financial Times
USA Wolfensohn, James D. Chairman and CEO, Wolfensohn and Company
NLD Zalm, Gerrit Chairman of the Managing Board, ABN-AMRO Bank N.V.
GRC Zanias, George Chairman of the Board, National Bank of Greece
USA Zoellick, Robert B. Chairman, Board of International Advisors, The Goldman Sachs Group

AUT Austria
BEL Belgium
CAN Canada
CHE Switzerland
CHN China
DEU Germany
DNK Denmark
ESP Spain
FIN Finland
FRA France
GBR Great Britain
GRC Greece
HUN Hungary
INT International
IRL Ireland
ITA Italy
NLD Netherlands
NOR Norway
PRT Portugal
SWE Sweden
TUR Turkey
USA United States of America

***

  Infowars analysis note: The official list ends above. What’s important to understand is that there are always members who will be attending, but who don’t want to be included in the list, due to laws such as18 U.S. Code § 953, otherwise known as the Logan Act, which makes it a felony offense – punishable under federal law with imprisonment of up to three years – for any member of federal or state government to meet with members of a foreign government without the express authority and authorization of the president or congress.

  Yesterday, Bilderberg put out a press release detailing the official talking points to be addressed at this year’s meeting. From our research, this is not their primary agenda, but usually one put out to appease the media: “

 

InfoWars

 

 

 

 

 

 

 

 

 

 

 

 

 

… Delinquency Rate Is 33% Higher Among VA Employees

 

 

 

 

 

” 318,462 federal workers and retirees owed more than $3.3 billion in back income taxes as of September 30, 2013, a delinquency rate of 3.27% (compared to 8.7% for the entire U.S. population). See the full spreadsheet here.

  Among the 18 executive departments, the embattled Department of Veterans Affairs has the second highest delinquency rate among its employees:  4.38% (behind the Department of Housing and Urban Development’s 5.29%).

  Among 27 large (> 1,000 employees) independent agencies, the Federal Reserve has the third highest delinquency rate:  6.51%.

  The delinquency rate is 4.87% in the House of Representatives and 2.43% in the Senate.

  In the tax world, the delinquency rate is 3.02 in the Tax Court and 1.20% in the Treasury Department (the IRS is not separately broken out).

For prior years data, see:

 

 

Thanks To Professor Paul Caron – TaxProf

 

 

 

 

 

 

 

 

Fischer, Brainard To Push For More Activist Fed

 

 

 

 

 

 

” The two new nominees to the Federal Reserve’s Board of Governors are expected to push for an expanded Fed role in managing the U.S. economy, working to replace the current raft of programs that resulted from the financial crisis with more permanent tools.

  The arrival of former Bank of Israel Governor Stanley Fischer and former U.S. Treasury official Lael Brainard will add two strong voices to back Chair Janet Yellen’s view that loose monetary policy needs to be extended to turn around a slack labor market.

  Fischer intervened directly in Israel’s mortgage market to tackle a real estate bubble, while Brainard pushed EU governments hard for more aggressive action from the European Central Bank during the euro zone crisis.

  BB Interviews with former colleagues and a review of their public statements and published material also suggest both will want the Fed to remain in activist mode long after its current programs wind down and its bloated balance sheet shrinks.

  How they influence the U.S. central bank is a critically important question for investors, who are searching for clues on when the Fed will lift interest rates from near zero, where they’ve been since late 2008. It is a debate that may well be the defining one of Yellen’s tenure.”

 

 

 

 

 

 

    As if they don’t already control everything now , the Fed wants even more power . Statism is on the march in Obama’s Amerika .

 

 

 

 

 

 

 

 

 

9 Public College Presidents’ Pay Tops $1 Million

 

 

 

 

” The number of public college presidents earning over $1 million more than doubled in the 2012-2013 fiscal year from the year before, according to a new survey.

  The Chronicle of Higher Education study found that nine college presidents earned more than $1 million in total compensation in 2013, compared to just four in 2012.

  Public college presidents first exceeded the $1 million total compensation mark in 2006-2007, according to the survey.”

 

RESET
Showin0 of 256 college presidents
President
* Partial-year compensation
Total compensation
(Rank)
Base pay Base pay as
% of total
Compensation per $1M in total expenditures
(Total expenditures)
Assumed position in
E. Gordon GeeE. Gordon Gee
Ohio State University
Full profile →
$6,057,615 (1st) $851,303 14.1% $1,332 ($4.5B) October 2007
R. Bowen LoftinR. Bowen Loftin
Texas A&M University at College Station
Full profile →
$1,636,274 (2nd) $425,000 26.0% $816 ($2.0B) February 2010
Hamid A. ShirvaniHamid A. Shirvani
North Dakota University system
Full profile →
$1,311,095 (3rd) $349,000 26.6% N/A July 2012
Renu KhatorRenu Khator
University of Houston main campus
Full profile →
$1,266,000 (4th) $700,000 55.3% $1,549 ($817.3M) January 2008
Sally K. MasonSally K. Mason
University of Iowa
Full profile →
$1,139,705 (5th) $493,272 43.3% $443 ($2.6B) August 2007
Michael A. McRobbieMichael A. McRobbie
Indiana University at Bloomington
Full profile →
$1,111,924 (6th) $544,848 49.0% N/A July 2007
Michael F. AdamsMichael F. Adams
University of Georgia
Full profile →
$1,074,869 (7th) $258,670 24.1% $885 ($1.2B) July 1997
V. Gordon MoultonV. Gordon Moulton *
University of South Alabama
Full profile →
$1,072,121 (8th) $406,075 37.9% $1,778 ($603.0M) July 1998
Mary Sue ColemanMary Sue Coleman
University of Michigan at Ann Arbor
Full profile →
$1,037,357 (9th) $603,357 58.2% N/A August 2002

 

 

 

 

 

 

 

 

 

 

 

 

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