All posts in Bankrupting America

Allen West Knocks it Out of the Park

by Trevor Loudon on May 8, 2012 in Allen West, Bankrupting America, Barrack Obama, Trevor Loudon with No comments

By: Trevor Loudon, New Zeal

An incredibly inspiring speech from Florida congressman Allen West.

Thanks to Tammy.

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Crowd Beats, Strips & Robs Tourist On St. Patrick’s Day; Incident Caught On Camera

by Admin on April 7, 2012 in Bankrupting America, Civil Society, Crime and Border Security, Tyrrany with No comments

Via: CBS Baltimore

BALTIMORE (WJZ)– Caught on camera– a tourist being beaten in downtown Baltimore and instead of helping him, a crowd laughs and steals his belongings.

Mike Hellgren has the video and the investigation.

Police hope this video will get the attackers off the streets.

The video shows a man being punched in the face in Downtown Baltimore. You can hear his head hit the pavement near the entrance to Courthouse East.

Instead of helping, people laugh.

Then, the crowd strips him naked and takes his car keys, watch, money and iPhone.

It happened St. Patrick’s Day. Police say the victim was out partying and woke up the next day at his hotel, cut and bruised with no idea why.

“He had every right to leave wherever he was and get back to where he needed to be safely. Their behavior was just criminal,” Det. Nicole Monroe of the Baltimore City Police Department said.

“Not only was he relieved of his property after he was assaulted, but there were a lot of other things done to him that are disturbing to look at, and we want to bring these people to justice,” Det. Monroe said.

Those who’ve seen the video are outraged.

“Oh, my god! Where’s the police?” Antonio Richardson of Baltimore said after seeing the video. “It gives us a bad name, Baltimore. And people don’t want to, you know, trust us to come down here.”

“It’s surprising, but it’s dangerous,” another person said.

“It’s awful, obviously. You just have to be really careful on those days. You can’t just be wandering around the streets,” Diego Tapia said.

Police say they’ve gotten leads but made no arrests.

“The public is going to be helpful in this case, and they have been helpful thus far,” Det. Monroe said.

Those who filmed it for fun and posted it for the world to see unwittingly provided cops and prosecutors with the key evidence in this vicious attack.

The victim didn’t even know that such a video existed until a relative watched it online and told him.

After the attack, people bragged about it on camera. Tens of thousands of people have seen the video online.

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U.S. Treasury Blows Though Debt Ceiling, Issues Another $21 Billion In 10 Year Bonds…

by Admin on January 11, 2012 in Bankrupting America, Fiscal Responsible Government, Obama Propaganda, Obama's Economy with No comments

Via Weaslezippers: Laws? We don’t need no stinkin’ laws!

Via: Zero Hedge

America may have breached its debt ceiling, but that is certainly not preventing it from issuing debt, placing another $21 billion in 10 Year bonds in a reopening, which priced 1.5 bps through the WI tail of 1.915% or at 1.90%.

This is merely the latest record low yield in the history of the auction. The Bid To Cover came at 3.29: not a record, but certainly one of the top 5 highest. Oddly enough, while the Directs disappeared from yesterday’s 3 Year auction, today they surged, coming at double last month’s 8.4% at 17.4%, the highest since the August post-downgrade auction.

Primary Dealers accounted for 44.3% with Indirects coming in at a very weak 38.3%. Still, the take home is that in the past two days, the US has raised over $50 billion in debt with no capacity, and instead is plundering from government retirement accounts, just like it did back in July 2011 at the first, but not last, debt ceiling theater. SSDD.At least we know what it takes to get new record low yields: just keep breaching the debt ceiling – guaranteed way to raise 30 Year debt at 0.00% in a few months.

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WARREN POLLOCK & ANN BARNHARDT: The Bankrupting of America

by Admin on January 5, 2012 in Bankrupting America, Fascism with 1 Comment
WASHINGTON, DC - DECEMBER 15: Former chairman...

John Corzine, MF Global

Barnhardt.biz: This is a little more technical and “wonkish”, but I think both Warren & I did a good job of explaining things and keeping it accessible for the Average Joe. I would also encourage those who have the ability to mirror this YouTube to go ahead and do so, as we get into some pretty hard-core territory that “the powers that be” definitely don’t want people to be aware or much less understand.

Ann Barnhardt and I (Warren Pollock) have an open conversation organized to provide background to this crisis, the setting of legal precedent, netting, settlement, and future trends including a potential bank holiday. We talk about MF Global as it applies to savings and commercial banking, brokerage, insurance, and commodities.

We talk about numeric impossibility of solving the problem, incest between government and finance, having the victim of the crisis pay rather than the fraudster. We explain how the MF Global bankruptcy process will define how customer funds will be treated in a bank holiday. We talk about the idea of having an honest bank holiday to root out fraud vs an economic crisis which plays to looting and criminal activity of vested interest.

This is long, but it is a must listen to really understand the Fascistic form of government that we are now being ruled under. The eventual financial demise of our fiscal system and what you can do to save what you have.

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