Economic Stories of Relevance in Today's World -- September 25, 2011

Is Bank of America attacking New Media sources? - Which Criminal Bank Hates SGTreport? Find Out Now - If you’ve ever attempted to leave a comment on SGTreport, you likely got a message saying that your comment is being held for moderation. After a certain number of approved comments the feature simply “white lists” the person based on their name, IP address, & e-mail address, and after that there’s no moderation delay for “approved” users... This “comment moderation” feature was originally put in not to censor anyone, but rather to eliminate the overwhelming amount of advertising spam comments we get... However, recently we’ve been receiving a truly absurd amount of hate comments. More than 60 of them during the last week. Some of these hate messages are long detailed venomous spiels, while others are just a single derogatory word or two. They have been left on almost every single thing we’ve published... Here’s some of the most recent ones, from the previous few days..:


America is Being Attacked From Within - HAS KHRUSCHEV’S PREDICTION COME TRUE? - The Post & E-Mail - September 22, 2011 - Dear Editor, I do not understand how many news people and politicians in this country can claim that Obama is not disqualified to be President of the USA. It is so patently obvious that he has never been a Natural-Born American... There are several famous personalities that are speaking out against Obama’s fraud: the star of Texas Rangers Chuck Norris, himself an honorary Texas Ranger; Gospel singer Pat Boone; and Victoria Johnson of Saturday Night live fame. Then there are the Hollywood stars such as Jane Fonda and Sean Penn on the other side of the issue. Ironically, Fonda’s brother Peter is not on Jane’s side... It is time for Americans to step in and take action. Frankly, I can’t wait until March 2012 (the Birther Summit). I have to make some more appointments to see my Representatives in Congress and be more proactive. The harbinger signs that something was amiss in the US were evident to me many years ago. The current situation has confirmed my suspicions that America was and is being attacked from within; the infringements which have now risen to tyranny were in process in the 80s and prior to that. It was Nikita Khruschev, past Premier of the Soviet Union, who said in the 1950s that the Communists would take over America without a shot...


How the market meltdown affects you: pensions, investments, mortgages, savings - The Daily Mail - James Coney - September 23, 2011 - ... A fall in share prices would affect the value of the vast majority of pensions – which are linked to the stock market.... At the same time, whenever share prices are volatile, demand for Government-backed bonds, called gilts, increases – which pushes down the value of their returns, known as yields.*... Profits made in the first half of the year have been wiped out for the vast majority of investors during the recent falls in August and yesterday... Homeowners have seen the cost of fixed rate mortgages plunge in recent weeks and more volatility on the stock market could see them fall further still.... Where there is good news for borrowers, there is normally bad news for savers - and this crisis has proved no different.



Monetary System In Ruin, Signals Of Systemic Collapse - Jim Willie - September 22, 2011 - Wow!! The billboard signals of extreme crisis are overwhelming. Three years of near 0% with no recovery. A full year of ample USTreasury and mortgage bond monetization with no recovery. Tons of cash aid deliveries to the big US banks with no recovery. Some key corporate nationalizations with no recovery. Oodles of errant stimulus programs with no recovery. Some important misdirection in home loan aid initiatives with no recovery. The US Federal Reserve admits it can do nothing more as a recovery remains elusive. The USGovt is paralyzed by disguised fascist warmongers opposed by disguised marxist collectivists, but intent on maintaining the status quo among bank fraud. An approved accounting fraud directive is kept in place to present a picture of bank solvency. Intermediate credit markets have come to a standstill... The US stock market is in tatters. The USTreasury Bond market is the only conventional rally at work. And with all these programs, developments, and events, the USEconomy moves toward a recession with relentless determination and purpose, In today's age of lying about price inflation by at least 5%, that means the recession is about to turn into a Minus 5% Recession after never exiting the recession recognized in 2009. The billboard messages are dire, ugly, dreadful, dangerous, and full of destruction, typical of systemic failure. Too bad the Keynesian textbooks do not have a chapter on banking system insolvency, or one quarter of the households living in negative equity, or central bank toxic paper pits, or global currency war, or confiscation of tyrant accounts. The ineffective monetary & fiscal policy has ushered in the nightmarish systemic failure. That is what is occurring....


Fight brewing over U.S. offshore profit taxation - Reuters - Kevin Drawbaugh - September 14th, 2011 - Large U.S. corporations are pressuring Congress and the White House to exempt overseas corporate profits from taxes, a policy shift that critics say would hurt the economy and increase the federal deficit... A fight is shaping up between supporters of territorial taxation, as this policy proposal is known, and opponents who favor a different reform -- repealing a tax law that allows corporations to defer paying taxes on their overseas income... The two sides are facing off over an old and worsening problem -- how to fix the system for taxing companies' foreign income. Both sides agree the system is not working and a new approach is needed, but their solutions are direct opposites.

Webster Tarpley : we are in a World Economic Depression it is not a double dip it has nothing to do with periodic recession of past decade , Soros is wrong the second wave of depression is now focusing on Europe , in particular there is an attack on France.