The CIA says Iran is TEN years away from developing a nuclear weapons program.
Bush & Cheney decided - based on nothing - to shorten that to one year.
That was 2007.
Now, in 2009, Obama has also decided that the CIA and other analysts are wrong. Iran is - again - "one year away" from developing nuclear weapons.
This is a political position, not one based on facts.
Deja vu Iran: Scott Ritter
New president, same bullshit
Scott Ritter is the courageous ex-Marine captain and UN weapons inspector who reported the truth about Iraq...they had no weapons of mass destruction.
Following the "success" of their Iraq fraud, Bush and Cheney made similar wild claims about Iran.
Now the Obama administration is picking up the claim that Iran is just "one year" away from developing a successful nuclear weapon.
The CIA has stated that Iran is TEN years away which Ritter points out can be said about ANY country on earth.
More Brasscheck TV: brasschecktv.com
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Reporting on the Shadowy Multigenerational Serial Killer Families' Disease Industry®™ one post at a time from Washington, DeCeit.
Tuesday, March 3, 2009
What is the 2nd Amendment for?
What is the 2nd Amendment for?
One answer:
Armed Citizens
Gandhi and Jefferson liked the idea.
Hitler and Stalin hated it.
You don't have to like guns to understand what the 2nd Amendment is for.
One answer:
Armed Citizens
Gandhi and Jefferson liked the idea.
Hitler and Stalin hated it.
You don't have to like guns to understand what the 2nd Amendment is for.
Fooled by Globalization
Globalization...
The big banks wanted it...the huge industrial cartels wanted it...agribusiness wanted it... all the "policy experts" pushed it...and White House criminals like Bill Clinton and George Bush railroaded it.
Who didn't want it?
Labor unions...small farmers...citizens concerned about the sovereignty of their own countries...human rights activists.
Well, we're economically "globalized" now.
And here's what one of the leading mathematicians in the world and one of the currently most successful options traders in the world has to say about the potential consequences.
Make sure you're sitting down and don't operate heavy machinery right after watching this.
"It's not like before"
Fooled by Globalization
A sobering discussion on the nature of the current economic crisis and why this one may be very different from ones in the past.
The problem: globalization adds exponentially to the complexity of potential outcomes, but the banking system is not designed to absorb the kind of rapid and massive changes globalization makes possible.
These aren't two hippies railing against the system. This is one of most insightful mathematicians and one of the most accomplished options traders of our time.
The big banks wanted it...the huge industrial cartels wanted it...agribusiness wanted it... all the "policy experts" pushed it...and White House criminals like Bill Clinton and George Bush railroaded it.
Who didn't want it?
Labor unions...small farmers...citizens concerned about the sovereignty of their own countries...human rights activists.
Well, we're economically "globalized" now.
And here's what one of the leading mathematicians in the world and one of the currently most successful options traders in the world has to say about the potential consequences.
Make sure you're sitting down and don't operate heavy machinery right after watching this.
"It's not like before"
Fooled by Globalization
A sobering discussion on the nature of the current economic crisis and why this one may be very different from ones in the past.
The problem: globalization adds exponentially to the complexity of potential outcomes, but the banking system is not designed to absorb the kind of rapid and massive changes globalization makes possible.
These aren't two hippies railing against the system. This is one of most insightful mathematicians and one of the most accomplished options traders of our time.
Sticking It to the Bankers - Stay Put: Produce the Note
Here's the essence of contract law.
Two parties come to an agreement and sign a piece of paper.
A loan is a contract.
If the owner of a loan wants to enforce it (including predatory conditions), it has to do two simple things:
1. Produce the paperwork
2. Prove it owns the loan,
Guess what?
In their brilliant financial machinations, the "Masters of the Universe" on Wall Street forgot these two simple laws.
Result: There are a lot of houses in foreclosure where:
1. The paperwork can't be found
2. No one is able to figure out who actually owns the loan because it's been sold, resold, packaged and repackaged so often.
Oooops.
One Ohio Congresswoman has a word of advice for the thousands of people in her district now in foreclosure:
"Stay put" and when the sheriff comes, tell him to "Show me the paper."
You know, it sometimes takes a very, very long time, but there often is justice in this world.
Stay Put: Produce the Note
Follow the Law
Wall Street and its co-conspirators on Main Street had a great plan.
Step 1: Ram predatory loans down the market with fraud and deceptive marketing.
Step 2: Some of the loans will blow up, but in the aggregate it will all work out and besides, the loans will be bundled and sold off to investors (spreading the toxic waste), so who cares?
Great plan, but it had a few problems.
Problem #1: It destroyed the world financial system (minor detail)
Problem #2 (And he's where it get VERY interesting...) For a loan to be valid, the lender needs to be able to produce the paperwork.
Guess what?
In their mad greed to screw the American people and line their own pockets, Wall Street forgot that little detail.
Many of these loans and been sliced and diced and sold and re-sold so many times that not only is the paperwork not easy to lay hands on, in some cases, it's not clear who actually owns the loan.
Here's where property law comes in.
If the bank can't produce the documents and the real owner of the loan can't be identified, the contract is null and void.
You've got to hand it to Congresswoman Marcy Kaptur (and Ohio which produces a lot of great Congresspeople.)
By telling a bank to "produce the note," a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt.
Now, the banks own sloth and disorganization (and inherent dishonesty) can be used against it.
Final word: The media (and Wall Street and its criminal partners in Congress and the former Bush White House) love to call these loans sup-prime.
Here's the old fashioned word: predatory.
Many of the loans that were made in the past five years that have created so many problems would have been illegal until Bush & Co not only gutted lending laws, but also literally sued states to stop them from enforcing their own lending laws.
Former governor Elliott Spitzer was the ring leader of the state movement to enforce local lending laws...and you saw what happened to him.
He's no saint (and truth be told, he's kind of a jerk) but if every politician who went to hookers was busted, Washington and all the state capitals would be ghost towns
Why Elliot Spitzer was assassinated
More Brasscheck TV here: brasschecktv.com
Two parties come to an agreement and sign a piece of paper.
A loan is a contract.
If the owner of a loan wants to enforce it (including predatory conditions), it has to do two simple things:
1. Produce the paperwork
2. Prove it owns the loan,
Guess what?
In their brilliant financial machinations, the "Masters of the Universe" on Wall Street forgot these two simple laws.
Result: There are a lot of houses in foreclosure where:
1. The paperwork can't be found
2. No one is able to figure out who actually owns the loan because it's been sold, resold, packaged and repackaged so often.
Oooops.
One Ohio Congresswoman has a word of advice for the thousands of people in her district now in foreclosure:
"Stay put" and when the sheriff comes, tell him to "Show me the paper."
You know, it sometimes takes a very, very long time, but there often is justice in this world.
Stay Put: Produce the Note
Follow the Law
Wall Street and its co-conspirators on Main Street had a great plan.
Step 1: Ram predatory loans down the market with fraud and deceptive marketing.
Step 2: Some of the loans will blow up, but in the aggregate it will all work out and besides, the loans will be bundled and sold off to investors (spreading the toxic waste), so who cares?
Great plan, but it had a few problems.
Problem #1: It destroyed the world financial system (minor detail)
Problem #2 (And he's where it get VERY interesting...) For a loan to be valid, the lender needs to be able to produce the paperwork.
Guess what?
In their mad greed to screw the American people and line their own pockets, Wall Street forgot that little detail.
Many of these loans and been sliced and diced and sold and re-sold so many times that not only is the paperwork not easy to lay hands on, in some cases, it's not clear who actually owns the loan.
Here's where property law comes in.
If the bank can't produce the documents and the real owner of the loan can't be identified, the contract is null and void.
You've got to hand it to Congresswoman Marcy Kaptur (and Ohio which produces a lot of great Congresspeople.)
By telling a bank to "produce the note," a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt.
Now, the banks own sloth and disorganization (and inherent dishonesty) can be used against it.
Final word: The media (and Wall Street and its criminal partners in Congress and the former Bush White House) love to call these loans sup-prime.
Here's the old fashioned word: predatory.
Many of the loans that were made in the past five years that have created so many problems would have been illegal until Bush & Co not only gutted lending laws, but also literally sued states to stop them from enforcing their own lending laws.
Former governor Elliott Spitzer was the ring leader of the state movement to enforce local lending laws...and you saw what happened to him.
He's no saint (and truth be told, he's kind of a jerk) but if every politician who went to hookers was busted, Washington and all the state capitals would be ghost towns
Why Elliot Spitzer was assassinated
More Brasscheck TV here: brasschecktv.com
Voodoo Economics
When George Bush Sr. was running against Ronald Reagan, he rightly called Reagan's economic plans "voodoo economics."
Too bad the "morning in America" people didn't listen to him because the voodoo had worn off after twenty-eight years of go-go and flim-flam and we're all paying the price.
When Bush Sr. lost the nomination and took the VP spot, he stoppd talking about the reckless idiocy of Reagan's policies and applied his fertile and larcenous mind to figuring out how to personally profit from the madness which he and his family have done mightily.
Here's where we stand now according to a Congressmen who is honest enough to put all the cards on the table.
What gets artificially pumped up, must come crashing down.
The Electronic Bank Run
"We don't know"
Banks operate on something called the fractional reserve system which means if everyone - or even just a lot of people - withdraw their money from a bank all at once, it goes bust.
Federal Deposit Insurance nominally protects depositors on the first $100,000 - now $250,000 - of losses in a bank failure.
There's just one problem with the system.
It's not funded adequately to deal with system-wide failure.
If this politician is to believed, we came very close to a total system-wide meltdown as he correctly admits, no one knows if this kind of a run will occur again.
Nothing is stopping it.
More Brasscheck TV here: brasschecktv.com
Too bad the "morning in America" people didn't listen to him because the voodoo had worn off after twenty-eight years of go-go and flim-flam and we're all paying the price.
When Bush Sr. lost the nomination and took the VP spot, he stoppd talking about the reckless idiocy of Reagan's policies and applied his fertile and larcenous mind to figuring out how to personally profit from the madness which he and his family have done mightily.
Here's where we stand now according to a Congressmen who is honest enough to put all the cards on the table.
What gets artificially pumped up, must come crashing down.
The Electronic Bank Run
"We don't know"
Banks operate on something called the fractional reserve system which means if everyone - or even just a lot of people - withdraw their money from a bank all at once, it goes bust.
Federal Deposit Insurance nominally protects depositors on the first $100,000 - now $250,000 - of losses in a bank failure.
There's just one problem with the system.
It's not funded adequately to deal with system-wide failure.
If this politician is to believed, we came very close to a total system-wide meltdown as he correctly admits, no one knows if this kind of a run will occur again.
Nothing is stopping it.
More Brasscheck TV here: brasschecktv.com
Bleeding the banks - Corporate CEOs Caught Scheming on Tape
Listen into a conversation between bankers how they they not only intend to save their bonuses...
They want the same bonuses in 2009, they got in 2008 before the house of cards they built fell apart.
Hearing is believing:
Your Bonuses are Safe
Just call it a "retention bonus"
I must admit. I really don't understand it.
I've been watching this now for over twenty years.
The more you screw up the more you get paid.
Even now.
More Brasscheck TV here: brasschecktv.com
Turning Japanese - When their financial scams fell apart
The Long Slump
In the 1980s, the Japanese had a red hot economy and people assumed they were on track to take over the world.
Then their financial scams fell apart.
US experts warned Japan to take the short term pain and not pump up crooked banks and over leveraged companies.
Japan didn't listen and twenty-nine years they're still trying to dig out.
Welcome to the new new economy...
Putting the Fox in Charge of the Henhouse
When you massively overextend a credit system, the only thing you can really do is let the overextended fail.
Jim Rogers points out that simply shoveling money at incompetent banks and companies not only does nothing, it prolongs the pain.
If money is going to be spent, it should be spent to shore up the social safety net and help the unemployed until the economy can rebuild itself.
But that's not what Bush and now Obama are doing.
They're putting the very people who created the problem is charge of solving it and those people are solving it the only way they know how...giving more money to their friends.
Japan still hasn't recovered from its bubble collapse that started in 1990. Nineteen years and counting.
Right now, the US is heading down the same path.
See the complete catalog of free Brasscheck TV videos: brasschecktv.com
In the 1980s, the Japanese had a red hot economy and people assumed they were on track to take over the world.
Then their financial scams fell apart.
US experts warned Japan to take the short term pain and not pump up crooked banks and over leveraged companies.
Japan didn't listen and twenty-nine years they're still trying to dig out.
Welcome to the new new economy...
Putting the Fox in Charge of the Henhouse
When you massively overextend a credit system, the only thing you can really do is let the overextended fail.
Jim Rogers points out that simply shoveling money at incompetent banks and companies not only does nothing, it prolongs the pain.
If money is going to be spent, it should be spent to shore up the social safety net and help the unemployed until the economy can rebuild itself.
But that's not what Bush and now Obama are doing.
They're putting the very people who created the problem is charge of solving it and those people are solving it the only way they know how...giving more money to their friends.
Japan still hasn't recovered from its bubble collapse that started in 1990. Nineteen years and counting.
Right now, the US is heading down the same path.
See the complete catalog of free Brasscheck TV videos: brasschecktv.com
The Nature of Financial Panics
The financial news channels act like it's a mystery.
I don't know whether it's because they're just stupid or it's because they simply don't want to lose their sponsors...the brokerage houses that are still hoping to sell more people tickets on the Titanic.
Financial panics leave very specific foot prints.
Believe it or not, even with the big declines we've seen so far, we've not had the real downside fireworks (yet.)
Here's what to look for straight from the guy who predicted where we are now way back in 2000 when everything looked so rosy.
The nature of financial panics
Bob Prechter called it
In 2000, Bob Prechter published a book called "Conquering the Crash" in which he accurately predicted the current financial markets meltdown right down to the bank failures and futile "bailout" actions on the part of the Fed.
This past October, Prechter was asked if we could expect to see a "bottom" any time soon. In other words, the end of the declines and the beginning of the rebuilding of share values.
He quite confidently said the equivalent of "no way!"
That was over four months ago and so far he's was right on the money.
Prechter is a highly respected analyst on Wall Street as demonstrated by his frequent appearances on Bloomberg TV.
Unfortunately, his message is not getting to the "average" investor who is being told to "hold steady."
Holding steady in a period of dramatic deflation is a great formula for going broke.
I don't know whether it's because they're just stupid or it's because they simply don't want to lose their sponsors...the brokerage houses that are still hoping to sell more people tickets on the Titanic.
Financial panics leave very specific foot prints.
Believe it or not, even with the big declines we've seen so far, we've not had the real downside fireworks (yet.)
Here's what to look for straight from the guy who predicted where we are now way back in 2000 when everything looked so rosy.
The nature of financial panics
Bob Prechter called it
In 2000, Bob Prechter published a book called "Conquering the Crash" in which he accurately predicted the current financial markets meltdown right down to the bank failures and futile "bailout" actions on the part of the Fed.
This past October, Prechter was asked if we could expect to see a "bottom" any time soon. In other words, the end of the declines and the beginning of the rebuilding of share values.
He quite confidently said the equivalent of "no way!"
That was over four months ago and so far he's was right on the money.
Prechter is a highly respected analyst on Wall Street as demonstrated by his frequent appearances on Bloomberg TV.
Unfortunately, his message is not getting to the "average" investor who is being told to "hold steady."
Holding steady in a period of dramatic deflation is a great formula for going broke.
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