Banking, Barack Obama, Bubble, Collapse, Commodities, Congress, Debt, Derivitaves, Economic Collapse, Economy, Finance, Military Strike, Neo-Cons, Oil Prices, Preparation, Stocks, Syria, Taper, War, War Drums
How will killing MORE civilians with bombs make Assad (or the Syrian Rebels) stop using chemical weapons?
It won’t. You don’t have to be a rocket scientist to know that either.
So what’s going on? What is up with the “bomb, bomb, bomb, bomb, bomb
Iran Syria”? I think Greg Mannarino from traderschoice.net hits the nail straight on the head.
- In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 – an all time RECORD HIGH.
- Full time jobs? DOWN 240,000. And looking back at the entire year, so far in 2013, just 130K Full-Time Jobs have been added, offset by a whopping 557K Part-Time jobs.
- 23 million households receive food stamps.
- 47% of all working age adults don’t pay INCOME TAX.
- Study: Record Number 21 Million Young Adults Living With Parents..
- BLACK TEEN UNEMPLOYMENT RATE 40.8%..
TO: Interested Parties
RE: Pre-Convention Polling Update
As we head to the Republican National Convention, polls across the country show a surge of support for the Republican ticket. The Romney-Ryan momentum is building, while the enthusiasm for Obama and Biden dwindles.
Republicans remain more enthusiastic than Democrats about this election, with 53% of Republicans in a new national USA Today / Gallup survey saying they are “more enthusiastic than usual about voting this year”, versus only 46% of Democrats. A new CBS/NYT/Quinnipiac survey reports even higher enthusiasm gaps in the battleground states of Florida (17 point GOP enthusiasm advantage), Ohio (11 point GOP enthusiasm advantage), and Wisconsin (16 point GOP enthusiasm advantage).
Nationally, the polls have tightened up this week. An average of the past five national polls shows the race tied. But the real news is in the battleground states, where Gov. Romney continues to close the polling gap. Perhaps the most stunning example is Wisconsin. All the latest polls agree: Wisconsin is a tossup. It’s a dramatic shift for a state Obama won by 14 points and where he was leading by 6 points less than a month ago. Now Chicago must be frantically redrawing their path to 270.
The RCP averages illustrate the tightening battleground races:
- Ohio RCP average: Obama 47.2 / Romney 45.2
- Florida RCP average: Obama 46.3 / Romney 46.3
- Iowa RCP average: Obama 45.3 / Romney 44.3
- Wisconsin RCP average: Obama 48.2 / Romney 46.8
The polls also capture frustration and disappointment with Obama and the economy:
- WSJ/NBC poll: 6 in 10 believe the country is heading in the wrong direction.
- WSJ/NBC poll: 54 percent disapprove of Obama’s handling of the economy.
- AP-Gfk poll: Two-thirds describe economy as poor.
- AP-Gfk poll: Nine in 10 voters say economy is “important” issue.
As Romney and Ryan fight to save Medicare, seniors are putting their trust in the GOP ticket:
- In the latest Fox News poll, Romney has the edge among seniors 50-41 nationally.
- In Florida, 48 percent of seniors say Romney would do a better job on Medicare according to Quinnipiac; 44 percent say Obama. In Ohio, Romney leads 49-43 with seniors on the issue.
A recap of the headlines highlighting the building GOP momentum follows:
Gallup – Jeffrey Jones: “Swing-State Voters Say They Are No Better Off Than in 2008”
Washington Post – JD Harrison: “Poll: Romney widens lead among small business voters”
Washington Post – Aaron Blake: “Romney’s slight swing-state surge”
Associated Press – Josh Lederman and Tom Raum: “AP-GfK poll shows White House race still tight”
TPM – Kyle Leighton: Fox Poll: Romney Up 1 Point Nationally
Politico – Maggie Haberman and Emily Schultheis: “New Hampshire race a jump ball”
CBS News: “Poll: Obama lead narrows in key swing states”
CBS News – Brian Montopoli: “It’s official, Wisconsin: You’re a swing state”
Real Clear Politics – Erin McPike: “Romney Camp Sees Upper Midwest Coming Into Play”
56 Percent Of Swing State Voters Say They Aren’t Better Off Than They Were Four Years Ago, Compared To 40 Percent Who Say They Are Better Off. (Jeffrey M. Jones, “Swing-State Voters Say They Are No Better Off Than In 2008,” Gallup, 8/20/12)
Romney Is “Winning The Favor Of Small Business Owners… And It’s Not Even Close.” “Main Street has already proved an important battleground in the presidential election. So which candidate is winning the favor of small business owners? Mitt Romney, and it’s not even close, according to a new poll.”(J.D. Harrison, “Poll: Romney Widens Lead Among Small Business Voters,” The Washington Post, 8/21/12)
- “The President’s Numbers Have Fallen Six Points Since May, While Mitt Romney Has Picked Up Four Points With Business Owners.” (J.D. Harrison, “Poll: Romney Widens Lead Among Small Business Voters,” The Washington Post, 8/21/12)
Nine In 10 Voters Say The Economy Is “Important” For Them, While Half Say It Is “Extremely Important. “The frail economy, with the unemployment rate hovering at 8.3 percent more than three years after the deep recession officially ended, remains the No. 1 issue. Nine in 10 call it important for them and half of voters say it is ‘extremely important,’ outpacing all other issues tested by at least 10 percentage points.” (Josh Lederman and Tom Raum, “AP-GfK Poll Shows White House Race Still Tight,” The Associated Press, 8/21/12)
“Two-Thirds In The Poll Described The Economy As Poor.” (Josh Lederman and Tom Raum, “AP-GfK Poll Shows White House Race Still Tight,” The Associated Press, 8/21/12)
41 Percent Of Independents Support Romney Compared To 30 Percent Who Back Obama. “Among true independents, those who say they do not lean toward either party, the share of undecided voters is declining, with each candidate picking up new support at about the same pace. However, Romney maintains a small advantage with the group, with the backing of 41 percent of independents to Obama’s 30 percent. Some 21 percent still say they support neither candidate.” (Josh Lederman and Tom Raum, “AP-GfK Poll Shows White House Race Still Tight,” The Associated Press, 8/21/12)
“More Than Six In 10 Believe The Country Is Headed In The Wrong Direction, Which Is Essentially Unchanged From Last Month.” (Mark Murray, “NBC/WSJ Poll: Heading Into Conventions, Obama Has Four-Point Lead,” NBC News, 8/21/12)
The Wall Street Journal/NBC News Poll: “Not Surprisingly, Romney Holds A Six-Point Advantage Over Obama (44 Percent To 38 Percent) On Which Candidate Has Better Ideas On How To Improve The Economy.” (Mark Murray, “NBC/WSJ Poll: Heading Into Conventions, Obama Has Four-Point Lead,” NBC News, 8/21/12)
The Wall Street Journal/NBC News Poll: 54 Percent Of Voters Disapprove Of Obama’s Handling Of The Economy, While 44 Percent Approve. (NBC/The Wall Street Journal Poll, 1000 RV, MoE 3.1%, 8/16-20/12)
45 Percent Of Voters Say That Romney Has Better “Executive And Managerial Skills” Compared To 32 Percent Who Say Obama Does. (NBC/The Wall Street Journal Poll, 1000 RV, MoE 3.1%, 8/16-20/12)
37 Percent Of Voters Say Romney Would Be Better At “Changing Business As Usual In Washington” Compared To 31 Percent Who Say Obama Would Be Better. (NBC/The Wall Street Journal Poll, 1000 RV, MoE 3.1%, 8/16-20/12)
If this video doesn’t wake you up, NOTHING will.
Please share this video with your family and friends before the November elections. The government, and by that I mean Democrats AND Republicans, are spending us into oblivion. The Democrats are vilifying the Republicans – but neither has made an effort to rein in spending. We pay more in taxes than food, shelter and clothing combined. Congress is borrowing money just to pay the interest! You the taxpayers are signing the note! Don’t accept that the 1% need to pay their “fair share”. We have a spending problem, not a revenue (tax) problem. There is not enough money ON THE PLANET to pay for all of this!
Our President, and his handlers behind him, will not be satisfied until every last penny you earn will be used for basic needs – food, energy, shelter and clothing. This is Agenda 21! The President thinks “you have made enough money.” ” You…
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Glenn Beck: “Unstoppable ‘Economic Collapse’ is imminent. The world has no engine of growth. Most of the G20 countries have reached a stalled growth and the only engine of growth in the United States is the stimulus package . The bankers have finally gotten their day. They have removed all competitors to their fiat currencies that surround the world. As the US prints more, so will other countries. Other countries are forced to devalue their currencies in order to compete with our cheap currency, goods, and services. It’s a race to the bottom. Eventually, all currencies will be merged into one world currency. This is the central bankers goal, but it will be a very difficult one to achieve, to say the least. Start buying gold and silver. When the crash comes, those who live in big cities…GET OUT!! You don’t want to be in the middle of riots where people killing each other over rations.”
THIS WEEK’S ECONOMIC HEADLINES:
Balloon ready to pop, Bank, Bank of America, Banking, Economy, Finance, Financial Collapse, Late-2000s financial crisis, Loan, Money laundering, Nazism, President of the United States, TBTF, Thieves, Too Big To Fail
Actually…big banks no longer do very much traditional banking. Most of their business is from financial speculation. For example, less than 10% of Bank of America’s assets come from traditional banking deposits. Instead, they are mainly engaged in financial speculation and derivatives. (and see this)
According to Thomas Jefferson, “Banking Institutions are more dangerous to our liberties than standing armies”
To prove Jefferson’s point that there is NOTHING you can trust about big banking, the “Too Big To Fail” gang is guilty of:
- Financing illegal arms deals, and are funding the manufacture of cluster bombs (and see this and this) and other arms which are banned in most of the world
- Handled money for rogue military operations
- Laundered money for drug cartels. See this, this, this and this (indeed, drug dealers kept the banking system afloat during the depths of the 2008 financial crisis)
- Shaved money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details here, here, here, here, here, here, here, here, here, here, here and here
- Artificially suppressed gold prices
- Charged “storage fees” to store gold bullion … without even buying or storing any gold . And raided allocated gold accounts
- Committed massive and pervasive fraud both when they initiated mortgage loans and when they foreclosed on them (and see this)
- They pledged the same mortgage multiple times to different buyers. See this, this, this, this and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
- Cheated homeowners by gaming laws meant to protect people from unfair foreclosure
- Committed massive fraud in an $800 trillion dollar market which effects everything from mortgages, student loans, small business loans and city financing
- Manipulated the hundred trillion dollar derivatives market
- Engaged in insider trading of the most important financial information
- Pushed investments which they knew were terrible, and then betting against the same investments to make money for themselves. See this, this, this, this and this
- Engaging in unlawful “frontrunning” to manipulate markets. See this, this, this, this, this and this
- Charged veterans unlawful mortgage fees
- Helped the richest to illegally hide assets
The executives of the big banks invariably pretend that the hanky-panky was only committed by a couple of low-level rogue employees. But studies show that most of the fraud is committed by management.
Indeed, one of the world’s top fraud experts – professor of law and economics, and former senior S&L regulator Bill Black – says that most financial fraud is “control fraud”, where the people who own the banks are the ones who implement systemic fraud. See this, this and this.
- A huge portion of the banks’ profits comes from taxpayer bailouts. For example, 77% of JP Morgan’s net income comes from taxpayer subsidies
- 25 Mind-Blowing Crimes Committed By Big Banks (dprogram.net)
- Stunning Crimes of the Big Banks: Worse than Your Wildest Imagination (washingtonsblog.com)
- Money Laundering Control Act Is it As Good As It Seems (acefinance.me)
- General Conspiracies – Re: Stunning Crimes of the Big Banks: Worse than…. (disclose.tv)
- Are Big Banks Criminal Enterprises? (ritholtz.com)
- BuzzFlash on Money Laundering and Treason (seniorsforademocraticsociety.wordpress.com)
- Are Big Banks Criminal Enterprises? (washingtonsblog.com)
- How London became the money-laundering capital of the world (ianfraser.org)
To add to a string of weak monthly jobs reports, the Labor Department released another anorexic jobs growth report stating a mere 80,000 jobs were added in June. While the recovery continues to hold, growth remains sluggish. Unemployment remained at 8.2%.
CNN said today,
Economists surveyed by CNNMoney had expected to see employers add 95,000 jobs and the unemployment rate to remain unchanged.
The labor market has been volatile this year, with job growth starting off strong in the first couple months of 2012. Then a disappointing slowdown in the spring led many to wonder whether the recovery was taking a turn for the worse.
Economists have attributed the strong hiring in the winter to unusually warm weather. Now they say fears about Europe’s debt crisis, China’s slowdown and fiscal cliff looming in the United States are holding employers back.