OBAMA, ROMNEY CLUELESS ON ECONOMY

After gamely sitting through the carefully rehearsed performances that went by the name of debates, it became absolutely clear to me that neither of these guys has the slightest idea what to do about the ongoing economic crisis. In fact, politicians have only one idea, and that’s how to get re-elected. The same is true in Europe where their Union continues to come apart at the seams.

Politicians depend on central banks to print money to keep the global financial system from collapsing. Their counterfeiting debases the various fiat currencies and hurts the Poor and the Middle Class whose purchasing power erodes month after month..

No matter who wins the U.S. presidential election on November 6^th, there is simply no way our country will ever make good on its gargantuan debts and pile of IOUs that now total as much as $212 trillion. The debts will never be repaid.

Flooding the planet with “Monopoly money” will only cause more asset bubbles to blow up and then burst. At some point, even “ Boobus Americanus" will “get it” and lose confidence in the U.S. dollar. When that happens, they will be the last to turn to hard assets in a desperate attempt to preserve what will still be left of their savings.

With the Fiscal Cliff and a new higher debt ceiling looming, and neither party talking to the other, the endgame may be just around the corner. In any case let’s face it, we’re circling the drain. Rich old men protecting their property by sending young men to die in wars of their making.. Elections have become a charade. They give Americans the illusion of choice. The real looting in this country is the transfer of wealth from the poor to the rich. The owners of the country are now out in the open. The rest of us are in the back of the bus.

October 25, 2012



OBAMA WILL NOT FIGHT

                                           In Dry Dock                        Charles Steinhacker

I’ve always stated that Obama was a great candidate and a mediocre president.

He’s good on the stump and can fire up a crowd. But after last night’s debate performance, I can not even consider him a good candidate.

 Romney looked directly at him when speaking, while Obama rarely looked

at Romney. Instead, Obama’s head was down, and he resembled a fighter who
had been repeatedly hit. Still on his feet, but losing each round on points.

 It does not appear that Obama has an ounce of adversarial genes in his DNA.

He let Romney completely off the hook when he knew that Romney was
vulnerable as few debating opponents ever are.

 This is the peacemaker who would not go after the public option on healthcare

and refused to bring a single case against the Wall Street banksters.

Unless he finds a way to become a warrior and bring the fight to Romney,
he will be a one-term president. And we’ll return to the Dark Ages.

Oct. 4, 2012

DAY OF RECKONING IS APPROACHING

 BOAT PULLED UP  CHARLES STEINHACKER

Here are some facts that will bounce off the public's complacency
like rubber balls off of concrete:

1. There has been no economic recovery.

2. All investment markets are now rigged.

3. All economic reports from the government are bogus.

4. 47 million people now have food to eat thanks to food stamps.

5. Five cities just went bankrupt in California alone.

6. 3,000 people went to jail during the Savings & Loan crisis of the 1980's.

7. In the worst financial crisis since the Great Depression, the Obama administration has jailed exactly zero. Oh yes, Madoff went into the slammer because he ripped off the 1%.

8. The power elite of the too-big-to-fail banks continue to control the Administration, the Congress, the main stream media and the world. Their business plan is to transfer money from the people into their greedy pockets. But no one cares.

9. The Federal Reserve and the European Central Bank are between a rock and a hard place. They will resolve their dilemma in the only way they know how: print trillions in confetti money. This is Webster's definition of counterfeiting. But nobody cares.

10. The can gets harder and harder to kick down the road. So each crisis will be worse until there is capitulation which means total financial collapse.

11. So, while the "sheeple" shop and attend to their own self interests, the day of reckoning draws nearer and nearer.

September 2, 2012

GREATEST FINANCIAL SCANDAL IN THE HISTORY OF THE WORLD

                                                  

                                                    Afternoon Sail               Charles Steinhacker

The manipulation of the Libor interest rate by the too-big-to-fail banks is without doubt the greatest financial scandal in the history of the world.  It has been called the "tobacco moment" for the banking industry. Yet, no one is even talking about it here in the United States.

 Americans don't even know what the Libor rate is nor would they care if they did. And if they did want to find out, the compliant main stream media is guaranteed to keep them in the dark. Let's face it, The dumbing down of the citizens of this country guarantees that the people are far more interested in Tom Cruise's divorce and the prospect that Katie Holmes will again be able to wear high heels than anything related to economics or the financial system.

 The Libor rate is the interest rate that the big banks charge each other to lend to each other. That rate is announced once a day in London by averaging out the rates charged by 16 of the largest banks on the planet (Three are American). What makes this interest rate the center of the financial universe is that it affects every other interest rate on the planet. That includes literally hundreds of trillions of dollars worth of derivatives, mortgages, credit cards, municipalities, communities etc. each and every day. Everyone of us is profoundly scammed when those banks lie  about what they are charging each other in order to make obscene profits and/or to keep the public from knowing just how fragile the house of cards really is.

So far, Barclay's, the Royal Bank of Scotland and UBS have admitted guilt. But in England, unlike America where both parties are bought and paid for by the banking cartel, the Labor party is aggressively investigating this remarkable scandal. The likely outcome will be that all 16 banks were involved. Remember,every interest rate comes back to Libor. And as long as the banking mafia's business model, which is to do as they please to enrich themselves while producing nothing, is allowed to exist, the global financial system will rest on a bed of quicksand.

July 14, 2012

PRINT OR DIE

Sheltered as we are here in the Berkshire mountains from the realities faced by most of the world, can we at least agree that there has been no economic recovery. It didn't have to be this way, of course. Instead of bailing out the criminal banks with taxpayer money and currency created out of thin air, these funds could have put people back to work building and repairing highways, bridges, 21st century trains etc. Yes, the pain would have been even worse in the short term, but by now we would be well on our way to a sustainable recovery. "Too big to fail" is the opposite of Capitalism. Rather, it is the epitome of corporate welfare. At least by improving our superstructure while creating good jobs, we would have produced something in this country for a change. By now we would have something to show for it.

But no, the banks took the money, said thank you very much and have become bigger and more highly leveraged than ever while over six million people have given up and left the work force. (8.2% unemployment? Right. And I've got a bridge I can sell you in Brooklyn).

The banking cartel and their political cronies will do whatever it takes to hang on to power. As Europe races towards collapse, expect the mother of all bailouts. We've reached the point of "print or die."  And when Europe is temporarily saved by this unimaginable counterfeiting scheme, next in line stands the "Land of the Setting Sun" and the good old USA.

This is what is meant by "extend and pretend." Another way of expressing it is to "buy a little time and lie." The longer this new brand of Mafia elitism is allowed to stretch out the inevitable, the worse the eventual collapse will be. People everywhere, acting out of white-knuckle fear, are fleeing all of the risk markets and placing their hard-earned funds into the U.S. Treasury market for a 1.5% return. (A guaranteed losing bet). As things deteriorate, expect more repressive governments along with capital controls. So even here in the privileged Berkshires, do you have a plan?

June 28, 2012

CFTC COMMISSIONERS MUST RESIGN

               

                                              DORY                               CHARLES STEINHACKER            
                                              

THE CFTC COMMISSIONERS MUST RESIGN

The obvious complicity between the CFTC and the rest of the U.S. Government

re. the ongoing crime in the silver market has reached the point where the American

people no longer believe the regulators who we pay to oversee the financial markets

for the purpose of protecting us from the manipulators.

The four-year "investigation" into the rigged silver market is one big scam. It is a disgrace

for regulators to be an accessory to a crime.

If you still care about a government that is supposed to represent the people instead of

the banksters and the other United Corporations of America, then I urge you to email

the CFTC commissioners the following message:

BECAUSE OF YOUR SHAMEFUL BEHAVIOR AND DERELICT OF DUTY, I DEMAND

THAT YOU RESIGN YOUR POST IMMEDIATELY. (The email addresses are listed below).

ggensler@cftc.gov Chairman Gensler

bchilton@cftc.gov Commissioner Chilton

jsommers@cftc.gov Commissioner Sommers

Somalia@cftc.gov Commissioner O’Malia

mwetjen@cftc.gov Commissioner Wetjen

dmeister@cftc.gov Director

Bart Chilton, the only commissioner who ever writes back, answered my request for his

resignation with the following pithy response: "Happy Memorial Day." In reply I reminded

him that there is nothing happy about Memorial Day. There are those of us who take out
some time to remember those souls who gave up their lives here on Earth so that we may continue to enjoy our freedom. CFTC's conspiracy with the silver manipulators is the very opposite of freedom and free enterprice.

May 26, 2012

                                      

OBAMA: PAY ATTENTION TO WHAT HE DOES, NOT WHAT HE SAYS

             

He's done it again. While the brilliant campaigner is out there seducing the public with his backing of the poor and the middle class against the greedy domes of Wall Street, Obama the President continues to sign bills and executive orders that protect Wall Street and put the U.S. taxpayers on the hook.

When he was firmly behind the Dodd-Frank bill to reform Wall Street, he said in no uncertain terms that "There will be no more taxpayer-funded bailouts. Period." But since Wall Street is in firm charge of Congress and the White House, Obama's actions are in direct opposition to his words.

In his latest screwing of the American people, Obama the President, as opposed to Obama the candidate, has added the COMEX and the Chicago Mercantile Exchange [plus others] into the "too big to fail" category. So when, not if, one of the big exchanges  and/or clearinghouses defaults, it will be the taxpayers who will bail them out.

When it comes to Obama, pay attention to what he DOES, not what he SAYS. Of course, there's always Romney who would be Wall Street's leading cheerleader. What's a country to do?

CHARLES STEINHACKER, publisher of Conspiracy Caoitalism

www.conservativemenace2000.blogspot.com

May 25, 2012

                                                   "Spring Arrives at Nauset Beach"   Charles Steinhacker