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Mon Feb 14, 2011 at 06:17 PM PST

Beyond Sad,the plight of a 99'er

by Parisgnome

I read this letter and thought it should be shared to all. A profound insight into America's current march toward the black hole of despair felt by millions. Not by all, the wealthy,the connected,and the others fortunate enough to prosper in this one sided economy.

America is fast loosing it's soul, devoid of compassion and a goodness that so many remember just a half generation ago,no longer the ability to recognise the path we are fast sliding down,with the end that can bring no good to anybody.

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Fri Feb 11, 2011 at 06:48 PM PST

Bernanke's "Bread Revolution"

by Parisgnome

Having been a little over a year ago since I penned my last blog about Federal Reserve Chairman Ben Bernanke,and how I thought his policies would wreak havoc on the world financial system,it is time for a update.

He has publicly admitted to using your tax payer funds to send into orbit stocks,commodities,gold,oil,gasoline and whatever else banks,hedge funds,can find to speculate,manipulate,to make a profit on.

Meanwhile maybe your 401k has recovered more than half since the meltdown of 2007-08,if your unlucky to be a homebuyer since 2000 you've lost up to 50 pct of it's value since the top in 2005. A rising stock market does little to offset the millions of forclosures in the last 3 years.

There are now 40+ million Americans on food stamps and the employment percentage of the American public is as low as 1984. Yes no kidding!

Read on please.

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Sun Dec 19, 2010 at 01:42 PM PST

Obama to cut Social Security

by Parisgnome

I just saw this listed on Zerohedge from a link to Politico. If this is true....no I just can't believe it. This country will become a 3rd world banana republic overnight.

I want a refund Mr. President Barack Obama! I donated my social security SSDI money to you for real change. All I got was a complete capitulation to the Banksters and the Elite in this country.

WTF, FDR would roll over in his grave. You Mr. President are the biggest trojan horse the Democratic party has ever seen.

I have been in your words "bamboozeled". There are plenty of other cuts that can be made,military,hand outs to the rich with tax cuts,ect.

I give up! We need to nip this in the bud right now!

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I publised this diary originally about a month ago. Now the stock market is sending us a large message.

Our leaders need to cut the crap and make tough descisions. Time is indeed up and it's time to rebuild our financial system.

The essence of Federal Reserve Policy,over the last 23 years:

"I recognise that I accord a much larger economic role to equity prices than is the conventional wisdom. From my perspective, they are not merely an important leading indicator of global business activity, but a major contributor to that activity, operating primarily through balance sheets. ..." Alan Greenspan

Pure Lunacy, The Essence of Fed Policy

If your like most Americans, the arguments flying around for the confirmation of Federal Reserve chairman Ben Bernanke can be hard to understand.

Most would say Mr. Bernanke has pulled America back from the edge of economic catastrophe. He even was named this week as Time magazines "Man of the Year"

But I am going to show you a simple chart and graph on why I think Ben Bernanke should not be confirmed.

I will explain how to interpret these items.

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Sat Jan 16, 2010 at 01:45 PM PST

Time Is Up!

by Parisgnome

The essence of Federal Reserve Policy,over the last 23 years:

"I recognise that I accord a much larger economic role to equity prices than is the conventional wisdom. From my perspective, they are not merely an important leading indicator of global business activity, but a major contributor to that activity, operating primarily through balance sheets. ..." Alan Greenspan

Pure Lunacy, The Essence of Fed Policy

If your like most Americans, the arguments flying around for the confirmation of Federal Reserve chairman Ben Bernanke can be hard to understand.

Most would say Mr. Bernanke has pulled America back from the edge of economic catastrophe. He even was named this week as Time magazines "Man of the Year"

But I am going to show you a simple chart and graph on why I think Ben Bernanke should not be confirmed.

I will explain how to interpret these items.

Continue Reading

The essence of Federal Reserve Policy,over the last 23 years:

"I recognise that I accord a much larger economic role to equity prices than is the conventional wisdom. From my perspective, they are not merely an important leading indicator of global business activity, but a major contributor to that activity, operating primarily through balance sheets. ..." Alan Greenspan

Pure Lunacy, The Essence of Fed Policy

If your like most Americans, the arguments flying around for the confirmation of Federal Reserve chairman Ben Bernanke can be hard to understand.

Most would say Mr. Bernanke has pulled America back from the edge of economic catastrophe. He even was named this week as Time magazines "Man of the Year"

But I am going to show you a simple chart and graph on why I think Ben Bernanke should not be confirmed.

I will explain how to interpret these items.

Continue Reading

If your like most Americans, the arguments flying around for the confirmation of Federal Reserve chairman Ben Bernanke can be hard to understand.

Most would say Mr. Bernanke has pulled America back from the edge of economic catastrophe. He even was named this week as Time magazines "Man of the Year"

But I am going to show you a simple chart and graph on why I think Ben Bernanke should not be confirmed.

I will explain how to interpret these items.

Continue Reading

On the net is a account of a US Treasury representive describing policy towards the decline in residential and commercial real estate in the United States.

Interesting reading "if" true, is what everybody expects and currently looks like is total engineering of a massive backstop of the economy by the Federal government.

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Now this is a shocker even with this band of con-men infested group. Did anybody notice a appropriations bill that passed both houses of Congress and signed by President Obama?

Maybe I missed it!

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California is broke, Home prices have collapsed,but the Government spigot is wide open. Remember when a bank would only lend at 80 pct of your homes appraised value? Of course that was when things were sane,the days of Glass-Stegal,and Banks lent your money wisely.

Fannie Mae and Freddie Mac are now upping their refinance limits to 125 percent of home value. To help subrime borrowers lower their interest costs and keep their homes.

WASHINGTON, July 1 (Reuters) - Fannie Mae (FNM.N) and Freddie Mac (FRE.N) will expand their foreclosure-prevention efforts and refinance homeowners whose loan-to-value ratio is 125 percent, an administration souce said on Wednesday.

Under current rules, the mortgage finance companies may refinance only borrowers whose mortgage loan-to-value ratio is 105 percent. The new policy is intended to aid more struggling borrowers who have seen their property lose value in the recent years of a housing crisis.

But in a new study by the New York Fed this is probably just a stop gap measure.

Reuters

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By definition our stock markets are "free markets",atleast that's the way it use to be.

But now the corruption and manipulation by the central bank and government is so blatant traders talk about it openly.

A definition on Wikipedia listed in "Stock Exchange"

"Supply and demand in stock markets is driven by various factors which, as in all free markets, affect the price of stocks.

Stock Exchange Definition

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But not for 50 million who don't have health care. Our USGOV will let the Robert Rubins,Hank Paulsons and others with government ties anchored with the NY Investment firm Goldman Sachs receive record bonuses again.

Treasury from Goldman: Steve Shafran (formerly of Goldman), Kendrick Wilson III (ditto), Henry Paulson Jr. (you guessed it), Edward Forst (yep) and Neel Kashkari (see a trend?).

The Guys From Government Sachs

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