Some commentary to help you understand where the MSM is coming from. Various facts that explain their bias and slavish support of the status quo. Observations on what will happen when the economic bubble pops. Fear and intimidation growing in the United States. Police brutality administered to a motorist filming police with her telephone camera. Another citizen snapping photos at 3 a.m. arrested but never charged. Dramatic increases in suicides in the U.S. More on Americans’ historic obsession with homeownership at any price and mortgage. Update on Japan. A comment from Judge Andrew Napolitano. Another citizen arrested with no charges laid against him (a libertarian activist speaking at a rally).
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A new study shows that homeownership can actually increase unemployment in that it is inhospitable to innovation and job creation. Being tied to a home you cannot sell severely crimps your ability to find a new job. Home interest deductibility is inherently unfair to renters. Yet homeownership’s reputation has not taken much of a beating despite the price declines of recent years. The recent 60 Minutes segment on those returning from war with head injuries. Doug Nolan’s take on the euphoria overwhelming the stock market today. The effect of the recent rally on corporations. Bill Bonner’s humorous take on suicide.
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There are four main areas to consider: Awareness (or Attention), Illusion, Fragmentation and Ego. As Krishnamurti taught, Attention is Everything. Without Attention, we are not ourselves. The great attributes of the United States and the way in which they have been squandered. Bill Bonner’s conversation with Neil Barofsky, whistleblower extraordinaire. A sobering discovery. Paul Craig Roberts’s take on America’s spectacular decline. The massive disconnect between the economy and the stock market.
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Nobody ever seems to wonder why this execrable institution even exists! The economy was far healthier – without inflation – until the day the Fed was created 100 years ago in 1913. It is the bankers’ bank. Why should it worry about you? More from Nigel Farage questioning the very existence of the European Union.
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An account of Bush’s lies and the ways in which the government was able to fool people into believing that the war was costing a fraction of the reality. Waste, corruption, stupidity, arrogance… they’re all here in spades. Even today public money is still being paid to the civilian contractors in Iraq. Suicides are growing in number as predicted here. Police targeting garden seed growers, accusing them of growing marijuana. Geoffrey Bloom, MP for Europe, talking about the fractional reserve banking system. The story of Penny Pritzker, recently appointed Commerce Secretary. More from David Stockman.
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Lots of websites, anecdotes from recent expatriates, helpful hints to teaching English as a foreign language and other useful information… Where does the money go that the Fed prints? The everything-is-contained syndrome is again being bandied about by the politicians. Of course, nothing could be further from the truth. Europe is a giant accident waiting to happen, Japan is following close behind, China… then the United States (not necessarily in that order).
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The storm clouds are gathering. Two weeks ago it was France sounding the alarm bells. Last week it was Holland. This week Australia announces that it is in trouble. The economic collapse of China is causing real problems here in Asia. The debts and deficits in the U.S. are about to unleash a torrent of failures and bankruptcies. Listen to the grotesque misrepresentations of Obamacare in an interview from Real News Network with Paul Jay. The recent bullishness over the housing market is totally unjustified. The government’s obsession with pushing up prices is simply driving potential buyers out of the market. Once again, you are warned not to believe any of the economic statistics from government sources. More words from Nigel Farage.
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Unhappiness, fear, stress, anger, depression: great pain epitomizes America today. The addictions and drugs are all a sad and pathetic attempt to find a way out. Listen to some harrowing statistics. The Boston Drama: the hallmark of a society hungry for stimulation where everyone dutifully plays their part. Escapism at an extreme. Why people are so desperate to create inflation. More on the horrific debt situation. Some advice as to what not to do when you are in debt. Even large corporations lie about the reasons for their shabby performance – nobody wants to admit that the economy is not working out. And all the while things get worse. Detroit again… and the general social collapse of several cities.
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The Purpose Of Debt - 04/26/13
The meaning of austerity: a consequence – not a punishment. The example of Italy. How and why it must cut its deficit. What they can reasonably expect from other countries (not much). Why debt will be the death of us all. U.S households are still heavily in debt. The banks have consequently adopted a greater and more powerful presence in our lives. The Fed is ultimately responsible. GDP is to be “boosted” by more make-believe “production” (intangibles which they “forgot” to include since 1929!) Just more lies and deceit. Why the economy cannot and will not recover. Consumption is not the answer. More debt is not the answer. We are already drowning in interest payments.
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The major European banks are, in effect, insolvent. We are simply awaiting an ‘event’ which will bring one of them down, causing a cascade of the rest of them. The ECB (European Central Bank) is well aware of this, which is why they refuse to divulge the names of banks that need bridge loans, fearing a panic. Social stability is at issue and capital controls have clearly been readied for use. The Boston affair simply shows how far the police can go in abusing your rights unopposed. Very scary but a very interesting window on future outrages of this kind. The message is loud-and-clear: leave! The concept of news is toxic for us humans. Try to avoid it. News will not change anything in your lives that you have any control over. The economic situation is getting worse. Listen to some of the comparative statistics which are all degrading by the month.
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