Have you ever wondered where all the money is coming from for all the government operations that benefit only the government? I always hear people say they are using or spending “our hard earned tax dollars” for such and such, or this and that, and we get the leftover crumbs. If you give it just a little realistic thought, you can only conclude that what we contribute is a drop in the bucket compared to the gargantuan bloated Federal Government’s budget. I suspect the amount they tell us we borrow every year, the money that gets added to our total national debt, doesn’t even come close to what is really being spent.
“Top advisers see very slow growth in 2012.” That headline is screaming at Americans in “InvestmentNews: The Leading News Source for Financial Advisers” and most trusted.
Get it? Not just “slow growth,” but “very slow growth in 2012.” Another even predicted “very slow, measured growth for two, three years.” Actually it’s far worse. Folks, this is not some worried bull hyping naïve investors, not a Wall Street bank analyst, a Washington politician covering his butt, nor one of Mad Money’s market mavericks.
A survey of the economic landscape, and the prospects for growth over the next three to five years. Kelly Evans interviews Glenn Hubbard, Economic Advisor to Mitt Romney, Lawrence H. Summers, former Secretary of the U.S. Treasury, and Zhu Min, Deputy Managing Director International Monetary Fund.
No, this comes from the most respected news source reporting to America’s financial advisers. These are the 100,000 professional Registered Investment Advisers who are advising Americans on managing trillions of retirement assets.
Get it? Main Street America, you should “expect very slow growth” in 2012. That was the response when asked what “scenarios are you painting for your clients?” The panelist at a recent InvestmentNews Round Table then added: “It’s going to be ugly and violent.” Why? Because the politicians “are driving things” and they are “capricious, which leads to volatility.” And clients are “not really happy,” but “they lived through ‘08 and ’09,” so 2012 will be “just a little bump in the road.”
Presented without comment, merely to confirm that the market as we know it, no longer exists.
Dear Clients, Industry Colleagues and Friends of Barnhardt Capital Management,
It is with regret and unflinching moral certainty that I announce that Barnhardt Capital Management has ceased operations. After six years of operating as an independent introducing brokerage, and eight years of employment as a broker before that, I found myself, this morning, for the first time since I was 20 years old, watching the futures and options markets open not as a participant, but as a mere spectator.
The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not. And this goes not just for my clients, but for every futures and options account in the United States. The entire system has been utterly destroyed by the MF Global collapse. Given this sad reality, I could not in good conscience take one more step as a commodity broker, soliciting trades that I knew were unsafe or holding funds that I knew to be in jeopardy.
When Goldman got huffy at a credit union honouring OWS and pulled its anniversary dinner funding, much more was at stake.
Mega-bank Goldman Sachs (assets $933 billion), has declared war on one of the smallest banks in New York (assets $30 million), the customer-owned community bank that happens to also be the banker for Friends of Liberty Plaza, Inc, also known as Occupy Wall Street. And you thought Goldman didn’t care.
The trouble began three weeks ago when the occupiers suddenly found their donation buckets filling with thousands of dollars, way more than needed for their pizza dinners. Suddenly, the anti-bank protesters needed a bank. Citibank and Chase certainly wouldn’t fit. So OWS opened an account at the not-for-profit Lower East Side Peoples Federal Credit Union. Peoples has a unique federal charter – designated to open accounts for low-income folk from all over NewYork, available to those families earning less than $38,000 per year. (Disclosure: the CEO of the Peoples bank is my dearly beloved ex. But that’s another story.)
Goldman Sachs had also joined up with the Peoples bank. Goldman partners reportedly earn a bit more than $38k per annum, yet Goldman’s association so far was limited to giving the credit union $5,000 toward the little bank’s 25th anniversary celebration dinner. Goldman’s largesse was acknowledged on the dinner invites – along with the night’s honoree: Occupy Wall Street.
When a Goldman exec saw its gilded name next to Occupy Wall Street, the financial giant expressed much displeasure. In fact, my sources say, Goldman threatened legal action unless the credit union gave up the $5,000 and reprinted the invite sans the Sachs moniker. Goldman Sachs did not respond to our requests for comment on the affair.
So far, it’s a cute story: tiny bank uses Goldman’s money to fete some tent-dwellers who are denouncing Sachs as the Giant Vampire Squid.
But there’s a lot more at stake in this battle than a $5,000 donation gone wrong. Underneath, it’s a battle royal for control of tens of billions of dollars in government mandated “community reinvestment” funds.
Supercommittee Isn’t Making Super Cuts In The Deficit
Given all the hoopla, you’d think the deficit Supercommittee was hacking away at the size of government without mercy. In fact, even the $1.2 trillion in hoped-for cuts will do nothing to attack our long-term deficits. Sometimes it’s worse to pretend to be doing something … (Read Full Story)
Caving On ObamaCare
Remember when Nancy Pelosi promised that Americans would fall in love with ObamaCare once it was the law of the land? Turns out barely half of Democrats now like it. The Kaiser Family Foundation has tracked public support for ObamaCare since the law was passed. It’s never … (Read Full Story)
Student Loan Debt Shows High Cost Of Federal Aid
When Obama announced changes to rules on repaying college student loans, he said his goal was to ease the financial burden of getting a degree. “We’ve made it a priority to make … (Read Full Story)
Life, Liberty and All That Jazz…
Student Loan Debt Shows High Cost Of Federal Aid
When President Obama announced changes to rules on repaying college student loans, he said his goal was to ease the financial burden of getting a degree. “We’ve made it a priority to make … (Read Full Story)
TRIPLE-DIP FOR HOUSING? The besieged market has even further to fall before home prices really hit rock bottom. (Read Full Story)
ReTuRN OF THe BaiL OuT THRiLLa! It’s Midnight this late October night and Central Banksta Zombies Lurking in the Dark… (Read Full Story)
One Third of Americans Say They Have No Spare Cash Global consumer confidence remained weak in the third quarter with more than 60 percent of consumers saying it was not a good time to spend, and one-in-three North Americans saying they have no spare cash, a survey showed on Sunday. (Read Full Story)
Real Estate Prices Down 35% Since Peak… But It’s Not Over We remain in the middle of the worst economic and financial crisis in the history of our nation. While there may be isolated pockets of sporadic growth on a month-over-month basis, the long-term trend is one of sustained decline. A 50% to 75% price collapse from peak to trough is not out of the question – though it may be outside the realm of possibility for many. (Read Full Story)
The 2.5% GDP Growth Spin Job Last week, the government announced the economy (gross domestic product, GDP) grew at a 2.5% rate. The mainstream media (MSM) hailed this as some significant turnaround. Businessweek.com reported, “Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in the July-September quarter, the government said Thursday. (Read Full Story)
Is It the Fault of Zionists? What is Zionism? … A Zionist is one who believes in a Jewish homeland … “Nothing in all the World is more dangerous than sincere ignorance and conscientious stupidity” – Dr. Martin Luther King, Jr. 1963. When Dr. King spoke those all-too phonetic [sic] words, I don’t think he was thinking about the so-called problems created by Zionist Jewish bankers. I’m pretty sure he wasn’t thinking Jews should be deported, thirty-eight years ago. It would appear the Occupy Wall Streeters anti-Semitic contingent is still spittin’ their stuff.It’s not the fault of the Jews! It’s the fault of Zionists!(Read Full Story)
U.S. stuck in the slow lane Reports on jobless claims, consumer sentiment and retail sales should provide more evidence of moped-like pace on highway to recovery. (Read Full Story)
MAULDIN: Prepare For An Irish Haircut And A Worse Banking Crisis Than You’ve Read About In The Papers
Elizabeth Warren: ‘Wall Street Broke This Country — One Lousy Mortgage At A Time’
I TOLD YOU SO… The protests on Wall Street and elsewhere are part of Obama’s class warfare! (Read Full Story)
Life, Liberty and All That Jazz…
It’s the money supply stupid, what some investors still don’t get about silver and gold
It is true this upward movement in price for precious metals is seldom a straight line. Sometimes the market enthusiasm overreaches itself and prices dip back, like silver in April or gold last month. Would a global asset sell-off like the one in late 2008 pull gold and silver prices down for a while? Yes but not for long as central banks will fear deflation and print even more money. (Read Full Story)
God, Gold, Groceries, and Guns Why should you care about the four G’s? Why should you imagine that things will not repeat? The financial system held up after 1980. Why won’t it hold up today? Why won’t things be business as usual? One good reason is that it is clearly not government as usual. (Read Full Story)
Housing: Desert Leads Biggest U.S. Homeownership Drop Since 1930s Arizona’s Maricopa County accounted for one out of 40 new homes built over the past decade. Now ownership is plunging (Read Full Story)
The Top 100 Statistics About The Collapse Of The Economy That Every American Voter Should Know The U.S. economy is dying and most American voters have no idea why it is happening. Unfortunately, the mainstream media and most of our politicians are not telling the truth about the collapse of the economy. This generation was handed the keys to the greatest economic machine that the world has ever seen, and we have completely wrecked it. (Read Full Story)
Missteps to Mayhem Inside the Doomsday Machine with the outsider who predicted and profited from America’s financial Armageddon. (Read Full Story)
Financial Crisis is the Worst the World Has Ever Faced THE TELEGRAPH’S SCARY FRONT PAGE (Read Full Story)
Wall Street Journal Exemplifies Mis-information on Gold
“Readers need to bear only several things in mind when contemplating gold as an wealth preservation strategy. Since 2002, the price of gold has risen in direct proportion to the global supply of fiat currency, particularly USD. Gold has risen by a factor of 5 in that time-frame, and so has the quantity of USD. And certainly, there is nothing – absolutely nothing – to expect anything but a continuation of the debasement of the U.S. currency.” (Read Full Story)
WHAT THIS COUNTRY NEEDS NOW IS HOPE
The national debt is currently $14.6 trillion, up from $5.7 trillion in 2000. It took over 200 years to accumulate the first $5.7 trillion of debt and only 11 years to tack on another $8.9 trillion. (Read Full Story)
Life, Liberty and All That Jazz…
Physical silver running out because its spot price does not reflect true investment demand
However, the snap back for silver prices now has the capacity to be sensational, and far beyond the mini-spike in the first few months of this year from $30 to almost $50 again. So those who go seeking out physical silver to buy at current prices are going to be very well rewarded and soon, not in 31 years! (Read Full Story)
Why Gold Isn’t $2000 yet… Deflation in its early stages causes tremendous de-leveraging. That’s the selling of positions to pay off loans taken to increase positions. It may come about because of investor prudence, banks calling in loans, stop-loss triggers and margin calls (where the level of debt against positions becomes too high and forces sales). This often (and particularly in the case of precious metals) has nothing to do with the fundamentals of the market. It’s simply the position of investors. This happened in the precious metal markets as well. This is why gold and silver prices fell. (Read Full Story)
Wall Street, Heal Thyself! The smartest way for bankers to defuse their critics is to listen to them (Read Full Story)
What’s Behind The Bank Protests? You heard it first on “Life, Liberty and & That Jazz” – SOCIALISM! The mob assaults against our banking system by unemployed leftists and their political allies are part of a larger strategy to control the commanding heights of our economy. And we’ll all be much poorer for it. The White House has thrown in with the anti-capitalism crowd. .. (Read Full Story)
The Big Jobs Bill Lie OBAMA claims economists heartily endorse his jobs bill, predicting it will boost growth by 2% and add 1.9 million jobs. That would be news to most economists. How does he “know” this? Well, he said at Friday’s news conference, that’s based on a review of his plan … (Read Full Story)
The Top 100 Statistics About The Collapse Of The Economy That Every American Voter Should Know The U.S. economy is dying and most American voters have no idea why it is happening. Unfortunately, the mainstream media and most of our politicians are not telling the truth about the collapse of the economy. This generation was handed the keys to the greatest economic machine that the world has ever seen, and we have completely wrecked it. (Read Full Story)
During a presentation today at the Adam Smith Institute, economist Kevein Dowd, a visiting professor at the Pensions Institute, Cass Business School in London, told his audience:
Fiat money is entering its death spiral…
Banks use crooked accounting methods to hide losses and enrich employees with bonuses. It’s another form of looting…
"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same." ~ Ronald Reagan
Have you ever wondered where all the money is coming from for all the government operations that benefit only the government? I always hear people say they are using or spending “our hard earned tax dollars” for such and such, or this and that, and we get the leftover crumbs. If you give it just a little realistic thought, you can only conclude that what we contribute is a drop in the bucket compared to the gargantuan bloated Federal Government’s budget. I suspect the amount they tell us we borrow every year, the money that gets added to our total national debt, doesn’t even come close to what is really being spent. 
“Top advisers see very slow growth in 2012.” That headline is screaming at Americans in “InvestmentNews: The Leading News Source for Financial Advisers” and most trusted.
During a presentation today at the Adam Smith Institute, economist Kevein Dowd, a visiting professor at the Pensions Institute, Cass Business School in London, told his audience:
