The Corporate Mugging of America

The politicians left and right are largely fooling themselves or at least fooling the population that cutting a few billion dollars here or there will solve our debt problem. It is a charade. As Nomi Prins says:

"Much of the debt problem, most of the debt problem, arguably all of the debt problem has happened because of this imparting of debt to bailout Wall Street, to subsidize the financial system, to go back and forth between the Fed who buys the debt, the treasury increases the debt, the Fed buys the debt, and has a sort of back and forth ball going between them which only decreases our value as a nation, our entire you know, book, our balance sheet as a nation, and the Fed will continue to do this. We know that when June comes along the fed is going to go from QE2 to QE whatever..."

Of course our biggest industry, which is the war and empire industry, the death industry, is also another state financed and furnished industry which ends up costing us more then it is worth. Corporations like GE are paying little or no tax, while the government baffoons try to soak out more money from unions, entitlement cuts, or with increased taxes for the middle class to pay for their bailing out of the Wall Street and corporate war machine. The status quo in America cannot continue successfully, but it will most likely continue, possibly leaving America, and perhaps the world in ruin.

Bernanke: We will not allow inflation to rise...

A clearly concerned and stressed Bernanke talks on 60 Minutes. He shows off the gold meeting hall of the Federal Reserve. Like everything else out of America today, the episode gives the unsettling feeling of standing on a historical precipice.

From Zerohedge and Washington's Blog



...There are certainly a lot of interesting things to say about Bernanke's words.

But I think the real story is how nervous Bernanke appears.

Listen to his voice, and watch his lips quaver:


Link to Video.

Ron Paul Supports Wikileaks

Ok all you naysayers...Ron Paul comes out in support of Julian Assange. The last minute reveals it.

From Raw Story.

"In a free society, we are supposed to know the truth," he wrote. "In a society where truth becomes treason, we are in big trouble."