Economics

Fannie Mae Seeks $7.8 Billion MORE - Even While Pop Media "Financial Advisors" Say It's Doing "Well"...

One such 'advisor' reported to the Wall Street Journal Radio report that Fannie looked like it did well last quarter.

Insane and corrupt.

http://www.businessweek.com/news/2011-11-14/fannie-mae-seeks-7-8-billion...

And now, Fannie (despite the fact that it HAS NO MONEY), wants to help push the Obama H.A.R.P. plan, and buy portions of other lenders' loans at restructured rates. MORE LOSSES SUBSIDIZED BY TAX MONEY.

http://news.yahoo.com/fannie-freddie-cut-lenders-risk-refinance-program-...

Conflict of Interest for Justice Kagan as Med Fascism Law Gets Picked Up by S. Court of the US

Prior to joining the S.Court, Justice Kagan not only helped craft the medical fascism law, she helped work on its defense against lawsuits. Ya think she'll step down? What would Dems say if it were some Repub appointee and it had to do with Gitmo? ( I write this knowing that Scalia -- who had a son in the Army in Iraq at the time) actually SAID he would be "damned if he gave those guys [in Gitmo] habeas hearings" -- So, I don't think these black-robed oligarchs really care about the image, they care about their agenda. Don't expect her to step down for this case.

US Supreme Court Will "Rule" on Medical Fascism Law

It's doubtful that the black-robed oligarchs will rule on manifest things like the invasion of our 4th amendment rights to NOT have our medical records seen by the government (the courts routinely let them invade our financial records through the IRS), and they probably won't bother with things like, oh, the manipulation of the Interstate Commerce clause. But there's a chance that the court might, just might, rule that it's unconstitutional to mandate that people buy a product called health insurance.

 

US Admin Delays Christmas Tree Tax

Don't you love how magnanimous our overlords are? Oh, THANK YOU, GREAT GODS OF GUBMENT!

 

http://abcnews.go.com/blogs/politics/2011/11/obama-administration-to-del...

 

Amusing that the taxers claim that the tax wouldn't effect the price of a tree.

 

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Another Reason to Go Agnostic: Obama Admin to Impose CHRISTMAS TREE TAX of 15 Cents Per Tree

This one is just increidble. As Harry Browne used to say, "government is good at doing two things. First, they break your legs, then they expect you to thank them for handing you crutches." We would add that the crutches are paid for by the victims and they usually don't work well.

Do you think people will get around this by calling them something other than "Christmas Trees"? How about "Festivus Trees" or what if one is Pagan?

http://blog.heritage.org/2011/11/08/obama-couldnt-wait-his-new-christmas...

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Ventura Suit Against TSA Searches/Scans Tossed by Federal Judge

Not enough details yet. Looks like the judge claims "no jurisdiction". Here is the AP report. Ventura will have a press conference tomorrow (Fri, Nov 4th)...

http://hosted.ap.org/dynamic/stories/U/US_VENTURA_AIRPORT_SECURITY?SITE=...

Ventura's claim is correct. Let's give him support and spread the word about this.

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Freddie Mac Heads Say They Need $6 Billion More from Taxpayers

The federal gubment has created such a fascistic (ie, mixing privately owned business, or publicly held corporations with government and bureaucracy0 economic system in the US, the economic crash is inevitable. The depression people are experiencing now is nothing compared to what it will be like in about two years. Meanwhile, jerks like those in Freddie and Fannie are set to keep propping UP housing prices instead of letting them fall, and they will do it with money stolen from you, your kids, and potential business investors. What a nice situation...

http://news.yahoo.com/freddie-mac-reports-q3-loss-asks-6b-aid-124449542....

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Obama Admin's Plan to Brush Off Lots of College Student Debt and RIP OFF Taxpayers

As we discuss in the 10-27-11 production, college prices have skyrockets mainly because of government intervention, incentivising kids to get gubment loans for less than what the private market would demand. Bad mojo again! Inceased demand leads to increased prices, leads to more kids getting college loans that they can't pay off (can you say, HOME MORTGAGE CRISIS REPEATED?!), and then the gubment dives in even further to keep kids heading to schools they shouldn't attend.

Sad.

You might want to hit a punching bag or go jogging after you read this. You could build up a lot of frustration and anger at what the politicians are doing.

http://www.foxnews.com/politics/2011/10/26/obama-taps-taxpayers-for-stud...

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US Senate tries to Kill Streaming of Copyrighted Material

In a truly free market, copyright would not be something left in the hands of politicians. It would be handled through private transactions and agreements, private arbitration, and competition. This kind of top-down approach never works, and only stifles the creation of private solutions to problems.

http://www.opencongress.org/bill/112-s978/show

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Occupy Wall Street Fund Distribution Causes In-fighting

As Dennis Moore said in the Monty Python skit: "Hmm. This redistribution of wealth thing is trickier than I thought!"

http://news.yahoo.com/occupy-wall-street-fund-distribution-causes-strain...

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Housing Prices Drop A Bit More Than Expected in August

And Yaho Finance Writer Shobhana Chandra states in the opening line that this highlights "one of the biggest obstacles facing the CONOMIC RECOVERY this year." Such reporting is so bad it's almost laughable.

First. There isn't any "economic recovery". The Wholesale Price Index and CPI have both FAR outstipped the tiny blips of growth they occasionally mention. That means that prices are rising while Gross Domestic Product is not, and employment is not. Bad mojo, kids.

US Congress Rejects EU Carbon Tax on US Overseas Carriers

Though the globe has been cooling since 1998, the EU is set to impose a carbon tax on carriers traveling to EU nations -- that includes US carriers. It will steal billions of Dollars from the airlines hit with the tax.

The US Congress just passed a bill to "protect" US carriers from this tax. How this will not lead to some kind of trade dispute remains uncertain, but one thing is sure, the EU is desparate for money, and this is one of the ways they will steal it.

http://hosted.ap.org/dynamic/stories/U/US_CONGRESS_AIRLINE_EMISSIONS?SIT...

 

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Prez to Take Solo Spending Action Via Agencies, Skirt Congress

Ahh, yes. With a correction in housing prices badly needed, and prices sky high in colleges, where, due to things like Pell Grants, the gubment has prompted far too many kids to go to school, the Obama Administration now plans on skirting Congress and acting through already-existing federal agencies to re-finance home loans at lower interest rates (thus stealing from the banks or taxpayers who gave the original loans) and increasing the number of people who get handouts for college.

 

Good Overview of History of US Gubment Bailouts to Corps and Companies

Despite the source often being pro-state, they've put together a very good reference link.

 

This does not include all the money the federal reserve handed out.

 

http://www.propublica.org/special/government-bailouts

 

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The Account of a Woman Who Reports Being Arrested by TSA for READING CONSTITUTION ALOUD

Did you read "1984"? Try to remember how you felt during certain passages.

At times, that feeling returns when you read this.

http://www.tpalexanders.com/2011/10/19/the-constitution-breaks-bad-in-al...

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Producer Prices SURGED in September

Just in case you had friends living under rocks, or friends working for the gubment, which is causing the prices to surge. Inflation is not caused by gasoline availability. Inflation is an increase in the money supply, which, in turn, causes a general increase in the prices of EVERYTHING. Depending on how quickly the banking institutions and other pals of the gubment that first get the money (from the Fed or the Treasury) then loan or hand it out, one could see steeply rising prices due to inflation, or a longer curve of rising prices. The speed at which the excess monetary units pass into the wider economic system is called "velocity" in economic parlance. IN this period of massive inflation, the "velocity" has been slow, due to banks not handing out as many loans.

Claims of Republican "Austerity" n' "2011 Cuts" Are False - US Spending up 5% in 9 Months

Great piece from Investors Business Daily. Please note, when IBD mentions the claims by politicians that these fictitious "cuts" are leading to another period of economic downturn, we need to remind readers that GDP has YET to get above 2008 levels, which means, in technical parlance, that the US economy has been in a Depression state, not a "double-dip recession". We've noted it in our audios, for example, our audio about Paul Krugman and aliens that was done about a month ago...

http://www.investors.com/NewsAndAnalysis/Article/588254/201110170805/The...

 

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The Solyndra Loan Controversy Grows - Feds Look Even WORSE...

Okay, so we know that it is literally immpossible for the state to make 'economically efficiant' or 'productive' decisions with other peoples' money -- because, again by definition, productivity and efficiency and value are subjective terms, determined by INDIVIDUALS. When someone else makes those decisions for you, that immediately eliminates the possibility of measuring the valuation of the decision. Sooo, we turn to Solyndra, which not only received halg a billion Dollars in loan guarantees from politicians using your money and the savings of your offsping (through deficit spending and inflation of the currency), it also saw a restructuring of that loan so that repayment would favor political friends of the current administration.

Walgreen's, Bank of America, Dick Durbin's Meddling: Politicians and Unintended Consequences

If you haven't heard about this yet, take a look at how an unconstitutional bit of political favoritism by Dick Durbin (to help one of his major contributors, "Walgreen's"), has led to a response by Bank of America (we're not huge fans of BoA either, especially since the bank got BILLIONS in tax money), which has harmed millions of people.

 

Here is the story, from FORBES:

 

http://www.forbes.com/sites/kellyphillipserb/2011/10/04/bank-of-america-...

 

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