Congresswoman Tammy Baldwin Says, "We Must Hold The Banks Accountable."

By Matt Lockshin

It sounds really simple: The largest banks that caused the housing crisis that led to our economic meltdown should be investigated fully, punished to the full extent of the law, and forced to compensate their victims for the harm they caused.

But the Obama administration is pressuring state attorneys general to quickly cut a deal with the banks that lets them off the hook for massive amounts of mortgage and foreclosure fraud.

Democratic Representative Tammy Baldwin is pushing back. She has introduced a resolution that supports taking a tough line with the banks.

The more Democratic members of Congress who cosponsor it, the stronger the message it will send to President Obama that he cannot give Wall Street a "get out of jail free" card for mortgage and foreclosure fraud.

Not one of the Wall Street crooks who drove our economy off a cliff has gone to jail. And without aggressive investigation and prosecution of misconduct, none of them will.

Yet the Obama administration is pushing for a deal between state attorneys general and the large mortgage firms that essentially revolves around how lightly the banks would get off.

There has been no real investigation, and no real push for meaningful penalties or accountability. In many ways, the settlement terms under consideration would amount to another backdoor bailout for the banks.

This is unacceptable.

Rep. Baldwin's resolution has three tenets:

(1) The mortgage servicers who engaged in fraudulent behavior should not be granted criminal or civil immunity for potential wrongdoing related to illegal mortgage and foreclosure practices.

(2) The Federal Government and State attorneys general should proceed with full investigations into claims of fraudulent behavior by mortgage servicers.

(3) Any financial settlement reached with mortgage servicers should appropriately compensate for, and accurately reflect, the extent of harm to all victims, including homeowners and State pension beneficiaries, caused by the mortgage servicers' fraudulent behavior.

What's on the table now — and what the Obama administration is pressuring the states to accept — falls far short of these standards.

While the Baldwin resolution itself is non-binding, a large number of Democratic co-sponsors will do two things. First it will make it harder to spin a terrible settlement deal as a victory, which itself makes a deal less likely. Second, by establishing criteria for what an acceptable settlement might look like, it helps demonstrate the inadequacy of what's on the table.

We need to put the brakes on the headlong rush by state attorneys general and the Obama administration to settle with the banks.

It's incompatible with the health of our democracy to allow wealthy and powerful people off the hook after they have caused massive and widespread suffering.

Comment:

Okay. It all SOUNDS good. There's just one thing: Ms. Baldwin is part of the corruption that allowed all this to happen in the first place. Are we supposed to believe that she's turning against the very people that helped put her in office? I doubt it.

This is most likely another "pressure valve" to make the people believe that our politicians, most of whom ARE the wealthy elite with financial interests in the very banks in question, actually give a damn about the working and middle classes.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Phew! I really needed that laugh!

Don't be fooled by political hucksters. She most likely is actually working FOR the banksters, rather than against them.

It's like a couple of years ago here in California. When gas prices passed the $4.00 mark the first time, our two senators Diane Feinstein and Barbara Boxer (both Jews) made a lot of noise about investigating the oil companies. They did bring a few big oil men in before a so-called investigating committee and asked them a few perfunctory questions. The gullible public said, "Good. Now these greedy SOB's are in for it." You know what happened? NADA. Nada damn thing is what. Everything was buried. The oil companies backed off for a year or so, now they're back gouging us more than ever.

Never forget that 99% of these politicians are the wealthy elite. They will never do a damn thing to take money from their own greedy hands.

On the chance she's part of the 1% who are sincere, if she continues as she is, she will be signing her professional death warrant. The wealthy elite will NEVER tolerate her interference in their Judeo-Capitalist ventures. If she is on the level, she'll be out of office very soon - maybe even at the next election, which for her I believe, is in 2012.

Comrades, expecting help from the very government which is in partnership with the very financial vampires who are draining us dry is ridiculous, to say the least. There is only one thing the White working and Middle classes can count on for salvation - National Socialism. (No religious reference intended.)

But nothing is going to happen unless we all get off of our fat, lazy asses and get something done. Don't be afraid to get out and hand out literature. And if it's raining? Well, you're not the Wicked Witch Of The West. You won't melt.

Really, really cold? Ever heard of a coat and gloves? I think you get the idea.

Note: Yesterday I said I would report on the California conference today. There will be no report. One of our comrades has suffered a personal tragedy this weekend. As it IS personal, I won't go into it, but I think it is better to simply say nothing at all.

We will meet again after the holidays. No date has been set, but the location will be the same as this weekend.

Dan 88!

Congresswoman Tammy Baldwin Says, "We Must Hold The Banks Accountable."

By Matt Lockshin

It sounds really simple: The largest banks that caused the housing crisis that led to our economic meltdown should be investigated fully, punished to the full extent of the law, and forced to compensate their victims for the harm they caused.

But the Obama administration is pressuring state attorneys general to quickly cut a deal with the banks that lets them off the hook for massive amounts of mortgage and foreclosure fraud.

Democratic Representative Tammy Baldwin is pushing back. She has introduced a resolution that supports taking a tough line with the banks.

The more Democratic members of Congress who cosponsor it, the stronger the message it will send to President Obama that he cannot give Wall Street a "get out of jail free" card for mortgage and foreclosure fraud.

Not one of the Wall Street crooks who drove our economy off a cliff has gone to jail. And without aggressive investigation and prosecution of misconduct, none of them will.

Yet the Obama administration is pushing for a deal between state attorneys general and the large mortgage firms that essentially revolves around how lightly the banks would get off.

There has been no real investigation, and no real push for meaningful penalties or accountability. In many ways, the settlement terms under consideration would amount to another backdoor bailout for the banks.

This is unacceptable.

Rep. Baldwin's resolution has three tenets:

(1) The mortgage servicers who engaged in fraudulent behavior should not be granted criminal or civil immunity for potential wrongdoing related to illegal mortgage and foreclosure practices.

(2) The Federal Government and State attorneys general should proceed with full investigations into claims of fraudulent behavior by mortgage servicers.

(3) Any financial settlement reached with mortgage servicers should appropriately compensate for, and accurately reflect, the extent of harm to all victims, including homeowners and State pension beneficiaries, caused by the mortgage servicers' fraudulent behavior.

What's on the table now — and what the Obama administration is pressuring the states to accept — falls far short of these standards.

While the Baldwin resolution itself is non-binding, a large number of Democratic co-sponsors will do two things. First it will make it harder to spin a terrible settlement deal as a victory, which itself makes a deal less likely. Second, by establishing criteria for what an acceptable settlement might look like, it helps demonstrate the inadequacy of what's on the table.

We need to put the brakes on the headlong rush by state attorneys general and the Obama administration to settle with the banks.

It's incompatible with the health of our democracy to allow wealthy and powerful people off the hook after they have caused massive and widespread suffering.

Comment:

Okay. It all SOUNDS good. There's just one thing: Ms. Baldwin is part of the corruption that allowed all this to happen in the first place. Are we supposed to believe that she's turning against the very people that helped put her in office? I doubt it.

This is most likely another "pressure valve" to make the people believe that our politicians, most of whom ARE the wealthy elite with financial interests in the very banks in question, actually give a damn about the working and middle classes.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Phew! I really needed that laugh!

Don't be fooled by political hucksters. She most likely is actually working FOR the banksters, rather than against them.

It's like a couple of years ago here in California. When gas prices passed the $4.00 mark the first time, our two senators Diane Feinstein and Barbara Boxer (both Jews) made a lot of noise about investigating the oil companies. They did bring a few big oil men in before a so-called investigating committee and asked them a few perfunctory questions. The gullible public said, "Good. Now these greedy SOB's are in for it." You know what happened? NADA. Nada damn thing is what. Everything was buried. The oil companies backed off for a year or so, now they're back gouging us more than ever.

Never forget that 99% of these politicians are the wealthy elite. They will never do a damn thing to take money from their own greedy hands.

On the chance she's part of the 1% who are sincere, if she continues as she is, she will be signing her professional death warrant. The wealthy elite will NEVER tolerate her interference in their Judeo-Capitalist ventures. If she is on the level, she'll be out of office very soon - maybe even at the next election, which for her I believe, is in 2012.

Comrades, expecting help from the very government which is in partnership with the very financial vampires who are draining us dry is ridiculous, to say the least. There is only one thing the White working and Middle classes can count on for salvation - National Socialism. (No religious reference intended.)

But nothing is going to happen unless we all get off of our fat, lazy asses and get something done. Don't be afraid to get out and hand out literature. And if it's raining? Well, you're not the Wicked Witch Of The West. You won't melt.

Really, really cold? Ever heard of a coat and gloves? I think you get the idea.

Note: Yesterday I said I would report on the California conference today. There will be no report. One of our comrades has suffered a personal tragedy this weekend. As it IS personal, I won't go into it, but I think it is better to simply say nothing at all.

We will meet again after the holidays. No date has been set, but the location will be the same as this weekend.

Dan 88!

If You're Not Scared, You're Not Paying Attention

by Graham Summers

Forget the details and the specifics... here's the latest news you need to know about.

Europe is bankrupt and the EU will not exist in its current form within 12 months. The ECB tried to "bailout our way to success" strategy on some of the more minor players (Greece), but is now finding that there isn't actually enough money to bail out the larger players (Spain and Italy).

So, barring a leveraged buyout of Italy by Germany and China, the EU will be breaking up and the Euro collapsing within the next 12 months. How this will happen remains to be seen (the EU splits into two sections? Is done away with altogether? Etc). But the facts remain that the EU has reached the end game for bailouts (you cannot bail out entire countries).

The last straw of hope that the bulls are clinging is China's recent decision to actively buy EU member states' sovereign debt. Those of us who recall China's decision to buy Morgan Stanley in 2008 can't help but wonder if the country has never heard of "due diligence" or if it simply doesn't care about losing money.

Speaking of China, the People's Republic is finding out that the Republic made $540 billion worth of loans to the people that:

1) Have not been accounted for

2) Are properly garbage and won't be paid back

We all know how this scheme ends (see subprime collapse in US). However, given that China pretty much makes up its economic data, it's pretty safe to assume that the bad loan situation there is even worse than Moody's believes. So look for a "2008 type" bust in China in the coming months.

And then of course there's the US: the current least horrendous disaster winner by default (literally in Europe's case and metaphorically in China's case). Congress continues to play "debt talk" phone tag with President Obama.

The Fed must literally be about to pee itself.

The $600 billion in QE 2 bought at best roughly three months' worth of improved economic data. Granted, it was heavily massaged economic data (US economic data is now largely a work of fiction), but for simplicity's sake, we'll say that the Fed got roughly one month's worth of improved economic data for every $200 billion it spent.

However, QE 2 ALSO blew up food and energy prices up: between 2010 and 2011 gas rose 33% while ground beef, cheese, and vegetables were all up in the double digits as well.

So the Fed needed things to cool down a bit. So they allowed QE 2 to end. Of course, Bernanke juiced the market one final time to the tune of $76 billion, probably hoping that the market would buy his bluff and believe that things might hold up without Fed juice.

But the market didn't. Instead, the markets have begun to implode proving beyond any doubt that the Fed was the primary support behind the stock market rally.

So here we are today. The US economy has very clearly fallen off a cliff. The Fed already has a $2.8 trillion balance sheet (larger than the GDP of France, the UK or Brazil). Announcing QE 3 would mean creating an inflationary disaster. And NOT announcing QE 3 means a market collapse and very likely another 2008 scenario.

So it's literally "pick your monetary poison."

However, in the end, regardless of how we get there, QE 3 will come. The reason for this is that EVERY Fed move since the Financial Crisis began has been aimed at propping up the large Wall Street banks who continue to remain insolvent due to their TRILLIONS in derivative exposure.

When it comes between screwing the taxpayer vs. triggering a systemic implosion that will destroy the banking oligarchs, the Fed has taken option #1 EVERY TIME. They've already done it to the tune of $4 trillion (at the bare minimum). They'll do it again.

Why?

Because letting the banks collapse means hitting "reset" on the entire financial system (at least temporarily). Wall Street as at minimum over $200 TRILLION in derivatives sitting on its balance sheets. And the Fed will do anything it can to try and contain this disaster. That includes kicking the US Dollar off a cliff and screwing US consumers.

Comment:

As predicted, things just keep getting worse. Based what Mr. Graham writes in his articles, and the way he says it, maybe I should give him a call about becoming an Official Supporter?LOL

I assume most of you have noticed that gas prices are creeping up a bit again. Is this due to inflation? Market prices? Short supply? Not this time. The oil companies can't deny it this time. It's greed. No other reason is possible. Why? What month is this? Why July, of course.

July is America's most popular month for vacations. People tend to travel more in July than any other month, except November at Thanksgiving, and the prices creep up a bit then as well.

With all the traveling going on, whether it's by car, train, or plane, the oil companies always cash in. It's what Judeo-Capitalists do best. To them, profit is always the bottom line. Even so-called public transportation is becoming very expensive.

Comrades, a total collapse is inevitable. The only thing we can do at the moment is be as ready as possible. A good disaster preparedness kit isn't just for hurricanes and earthquakes. I have mine. You should have yours as well.

Dan 88!

If You're Not Scared, You're Not Paying Attention

by Graham Summers

Forget the details and the specifics... here's the latest news you need to know about.

Europe is bankrupt and the EU will not exist in its current form within 12 months. The ECB tried to "bailout our way to success" strategy on some of the more minor players (Greece), but is now finding that there isn't actually enough money to bail out the larger players (Spain and Italy).

So, barring a leveraged buyout of Italy by Germany and China, the EU will be breaking up and the Euro collapsing within the next 12 months. How this will happen remains to be seen (the EU splits into two sections? Is done away with altogether? Etc). But the facts remain that the EU has reached the end game for bailouts (you cannot bail out entire countries).

The last straw of hope that the bulls are clinging is China's recent decision to actively buy EU member states' sovereign debt. Those of us who recall China's decision to buy Morgan Stanley in 2008 can't help but wonder if the country has never heard of "due diligence" or if it simply doesn't care about losing money.

Speaking of China, the People's Republic is finding out that the Republic made $540 billion worth of loans to the people that:

1) Have not been accounted for

2) Are properly garbage and won't be paid back

We all know how this scheme ends (see subprime collapse in US). However, given that China pretty much makes up its economic data, it's pretty safe to assume that the bad loan situation there is even worse than Moody's believes. So look for a "2008 type" bust in China in the coming months.

And then of course there's the US: the current least horrendous disaster winner by default (literally in Europe's case and metaphorically in China's case). Congress continues to play "debt talk" phone tag with President Obama.

The Fed must literally be about to pee itself.

The $600 billion in QE 2 bought at best roughly three months' worth of improved economic data. Granted, it was heavily massaged economic data (US economic data is now largely a work of fiction), but for simplicity's sake, we'll say that the Fed got roughly one month's worth of improved economic data for every $200 billion it spent.

However, QE 2 ALSO blew up food and energy prices up: between 2010 and 2011 gas rose 33% while ground beef, cheese, and vegetables were all up in the double digits as well.

So the Fed needed things to cool down a bit. So they allowed QE 2 to end. Of course, Bernanke juiced the market one final time to the tune of $76 billion, probably hoping that the market would buy his bluff and believe that things might hold up without Fed juice.

But the market didn't. Instead, the markets have begun to implode proving beyond any doubt that the Fed was the primary support behind the stock market rally.

So here we are today. The US economy has very clearly fallen off a cliff. The Fed already has a $2.8 trillion balance sheet (larger than the GDP of France, the UK or Brazil). Announcing QE 3 would mean creating an inflationary disaster. And NOT announcing QE 3 means a market collapse and very likely another 2008 scenario.

So it's literally "pick your monetary poison."

However, in the end, regardless of how we get there, QE 3 will come. The reason for this is that EVERY Fed move since the Financial Crisis began has been aimed at propping up the large Wall Street banks who continue to remain insolvent due to their TRILLIONS in derivative exposure.

When it comes between screwing the taxpayer vs. triggering a systemic implosion that will destroy the banking oligarchs, the Fed has taken option #1 EVERY TIME. They've already done it to the tune of $4 trillion (at the bare minimum). They'll do it again.

Why?

Because letting the banks collapse means hitting "reset" on the entire financial system (at least temporarily). Wall Street as at minimum over $200 TRILLION in derivatives sitting on its balance sheets. And the Fed will do anything it can to try and contain this disaster. That includes kicking the US Dollar off a cliff and screwing US consumers.

Comment:

As predicted, things just keep getting worse. Based what Mr. Graham writes in his articles, and the way he says it, maybe I should give him a call about becoming an Official Supporter?LOL

I assume most of you have noticed that gas prices are creeping up a bit again. Is this due to inflation? Market prices? Short supply? Not this time. The oil companies can't deny it this time. It's greed. No other reason is possible. Why? What month is this? Why July, of course.

July is America's most popular month for vacations. People tend to travel more in July than any other month, except November at Thanksgiving, and the prices creep up a bit then as well.

With all the traveling going on, whether it's by car, train, or plane, the oil companies always cash in. It's what Judeo-Capitalists do best. To them, profit is always the bottom line. Even so-called public transportation is becoming very expensive.

Comrades, a total collapse is inevitable. The only thing we can do at the moment is be as ready as possible. A good disaster preparedness kit isn't just for hurricanes and earthquakes. I have mine. You should have yours as well.

Dan 88!

We've Yet to Witness the Fed's Greatest Failure

June 15, 2011

With the economic numbers getting worse and worse in the US, it's clear that the Fed's policies thus far have ended in abysmal failure. Indeed, I really can't see how anyone could have argued the US had experienced a recovery to begin with.

• 15 million jobs have been lost since 2007.
• Food stamp usage is up 57% since 2007.
• Over one in five US mortgages is underwater.

Seeing as the Fed's policies were supposed to help US consumers (we all know their real purpose: Wall Street bonuses), I cannot see how the above numbers indicate success of any kind.

Indeed, the other effects of the Fed's moves have made an already difficult economic situation far, far worse by pushing the price of food and energy through the roof. Thus most in the US now find themselves facing stagflation in a big way.

However, the Fed is far too myopic in its belief system to possibly consider not printing more money. After all, from the end of QE 1 (April 2010) until the unveiling of QE lite (August 2010), the Fed continued to juice the market every month, particularly during options expiration weeks.

So the Fed will be juicing the system again at some point in the future. It's all the Fed knows how to do. And it's all the Fed has done since the Crisis began in 2007. Indeed, the Fed has completely and utterly failed to address ANY of the causes of the Financial Crisis.

Yet, for the Fed the failure to address any of the underlying causes of the Financial Crisis has been a great success story. After all, all it had to do was pump the financial system full of more money (increasing the amount of leverage) and push for the suspension of accounting standards (so the crap debt is still there, but no longer is visible).

So what do we have? A financial system where the underlying problems still exist and the Fed's simply pumped TRILLIONS into the banks, resulting in commodities soaring, the US Dollar tanking, and investors taking on even more leverage.

Since 2009, I've been warning that the Financial Crisis is not over and that the next round will be even worse than the first. THIS is the REAL problem every one should be preparing for... not just a minor correction in stocks or the end of QE 2. Because at some point, the Fed WILL lose control of the system again. And this time it will be COMPLETELY powerless to re-instill confidence (the Fed's already spent all of its bullets during Round One).

Comment:

Now comrades, when the Federal Reserve keeps printing millions and millions of dollars, it cause what? If you said inflation, you get a gold star (better hang on to it, you may need it to buy groceries soon enough). That's their answer to our money problems: Just print more of it - even though it's illegal for them to do so. The constitution plainly says that only Congress shall have this power. It says nothing about contracting it out to a private corporation, which is what the Fed is - a private corporation, NOT a branch of the government.

If the Fed keeps this kind of nonsense up, eventually it will take a wheelbarrow full of cash just to buy a loaf of bread. Far-fetched? Not at all. It's happened before. It happened in the Wiemar Republic. It happened right here in the United States. That was the problem during the Great Depression. Our money was virtually worthless, and we're heading that way once again.

It all makes sense if you realise that money is nothing more than a piece of paper. It costs exactly the same amount to print a one dollar bill, as it does to print a one hundred dollar bill. Money is only of value because one, it is backed by the government as legal tender, and two, because it is limited in amount. Consider this: Why is gold worth so much? After all, it's only metal, just like iron, or aluminum. What makes it so valuable? Because everyone wants it? Why does everyone want it? Because it's so valuable, and it's so valuable because the amount available is finite. If someone struck gold tomorrow, and it was a major strike, bringing up hundreds of pounds, then the price would drop because it wouldn't be quite as rare. The rarer something is, the more valuable it is. The more there is, the less its value. It's the same with currency.

In Zimbabwe, they print money freely. It's so worthless, you could use it for toilet paper. Make no mistake, if the Fed keeps this up, we'll be in the same boat. I doubt things will get that bad, but you never can tell. And even if they don't let things get that bad, as bad as things are, just how much farther will they let things go? We may not have all that long to wait.

The ANP has an excellent booklet about the Federal Reserve system. It covers its history, how it works, and just how technically ILLEGAL the whole system is. It covers too much to post here, but if you email HQ, I'm sure for a small donation they'd be happy to send you one. I'd send for one. It's a real eye opener.

Comrades, the ANP is the best solution to this ever increasing problem. There are some groups who waste their time on useless protests and demonstrations that fall on deaf ears, and provide great ratings for the Jews Media. Other groups are waiting for the day when the White man will rise up, grab his gun, and take back his country. Please. The way the sheeple have been conditioned, do you really think there's a chance of that happening and us winning? Not bloody likely. Then there's other groups who just sit behind their computers doing cyber-activism. Well, that has its place, but it isn't enough. The ANP does BOTH. Plus we are now politically active.

I'd like to remind you that the Fuhrer tried a violent revolution. He got a prison sentence for his troubles. In the end, he succeeded through politics. That means elections. At first, the NSDAP lost. Then, little by little they started winning, until the time came when the Fuhrer was appointed Chancellor, and the NSDAP was the second largest party in Germany.

It can happen here too. But only if we ALL work together and do our parts. For example, spring isn't over for another five days. That means Spring Blitz is still going on. Let's get out that literature. I'll be making one last effort before summer begins. For security reasons, I won't say exactly when, but soon.

Even after spring, we should still get our regular amount of literature out. Talk to people, and I don't mean beer talk in bars. People love to sound off when they've had a few, but rarely follow through when they sober up. Keep trying to recruit. Nothing ventured, nothing gained. But remember everyone, never trust a stranger with sensitive information, like names of other Supporters. Let them send in their applications and pledges, do a little work for us, then we'll see how much they can be trusted. Trust is earned, never given. For example, when I returned to the ANP, I'm sure there were eyes on me until they felt I could be trusted. Under the circumstances, it was a sensible precaution.

But anyway, even though people like to have fun in the summer, we still have keep up our work. That especially goes for those of you who live in climates with a much harsher winter. A lot of the time you can't get out to do your activism because of the weather. Now that it has warmed up (an understatement for you Eastern Comrades with the current heat wave you're going through), we must get to work. Not that there isn't time to play, but we must make time for our work as well.

Proper management of our time will leave us plenty of room for our jobs, activism, AND some summer fun.

We've Yet to Witness the Fed's Greatest Failure

June 15, 2011

With the economic numbers getting worse and worse in the US, it's clear that the Fed's policies thus far have ended in abysmal failure. Indeed, I really can't see how anyone could have argued the US had experienced a recovery to begin with.

• 15 million jobs have been lost since 2007.
• Food stamp usage is up 57% since 2007.
• Over one in five US mortgages is underwater.

Seeing as the Fed's policies were supposed to help US consumers (we all know their real purpose: Wall Street bonuses), I cannot see how the above numbers indicate success of any kind.

Indeed, the other effects of the Fed's moves have made an already difficult economic situation far, far worse by pushing the price of food and energy through the roof. Thus most in the US now find themselves facing stagflation in a big way.

However, the Fed is far too myopic in its belief system to possibly consider not printing more money. After all, from the end of QE 1 (April 2010) until the unveiling of QE lite (August 2010), the Fed continued to juice the market every month, particularly during options expiration weeks.

So the Fed will be juicing the system again at some point in the future. It's all the Fed knows how to do. And it's all the Fed has done since the Crisis began in 2007. Indeed, the Fed has completely and utterly failed to address ANY of the causes of the Financial Crisis.

Yet, for the Fed the failure to address any of the underlying causes of the Financial Crisis has been a great success story. After all, all it had to do was pump the financial system full of more money (increasing the amount of leverage) and push for the suspension of accounting standards (so the crap debt is still there, but no longer is visible).

So what do we have? A financial system where the underlying problems still exist and the Fed's simply pumped TRILLIONS into the banks, resulting in commodities soaring, the US Dollar tanking, and investors taking on even more leverage.

Since 2009, I've been warning that the Financial Crisis is not over and that the next round will be even worse than the first. THIS is the REAL problem every one should be preparing for... not just a minor correction in stocks or the end of QE 2. Because at some point, the Fed WILL lose control of the system again. And this time it will be COMPLETELY powerless to re-instill confidence (the Fed's already spent all of its bullets during Round One).

Comment:

Now comrades, when the Federal Reserve keeps printing millions and millions of dollars, it cause what? If you said inflation, you get a gold star (better hang on to it, you may need it to buy groceries soon enough). That's their answer to our money problems: Just print more of it - even though it's illegal for them to do so. The constitution plainly says that only Congress shall have this power. It says nothing about contracting it out to a private corporation, which is what the Fed is - a private corporation, NOT a branch of the government.

If the Fed keeps this kind of nonsense up, eventually it will take a wheelbarrow full of cash just to buy a loaf of bread. Far-fetched? Not at all. It's happened before. It happened in the Wiemar Republic. It happened right here in the United States. That was the problem during the Great Depression. Our money was virtually worthless, and we're heading that way once again.

It all makes sense if you realise that money is nothing more than a piece of paper. It costs exactly the same amount to print a one dollar bill, as it does to print a one hundred dollar bill. Money is only of value because one, it is backed by the government as legal tender, and two, because it is limited in amount. Consider this: Why is gold worth so much? After all, it's only metal, just like iron, or aluminum. What makes it so valuable? Because everyone wants it? Why does everyone want it? Because it's so valuable, and it's so valuable because the amount available is finite. If someone struck gold tomorrow, and it was a major strike, bringing up hundreds of pounds, then the price would drop because it wouldn't be quite as rare. The rarer something is, the more valuable it is. The more there is, the less its value. It's the same with currency.

In Zimbabwe, they print money freely. It's so worthless, you could use it for toilet paper. Make no mistake, if the Fed keeps this up, we'll be in the same boat. I doubt things will get that bad, but you never can tell. And even if they don't let things get that bad, as bad as things are, just how much farther will they let things go? We may not have all that long to wait.

The ANP has an excellent booklet about the Federal Reserve system. It covers its history, how it works, and just how technically ILLEGAL the whole system is. It covers too much to post here, but if you email HQ, I'm sure for a small donation they'd be happy to send you one. I'd send for one. It's a real eye opener.

Comrades, the ANP is the best solution to this ever increasing problem. There are some groups who waste their time on useless protests and demonstrations that fall on deaf ears, and provide great ratings for the Jews Media. Other groups are waiting for the day when the White man will rise up, grab his gun, and take back his country. Please. The way the sheeple have been conditioned, do you really think there's a chance of that happening and us winning? Not bloody likely. Then there's other groups who just sit behind their computers doing cyber-activism. Well, that has its place, but it isn't enough. The ANP does BOTH. Plus we are now politically active.

I'd like to remind you that the Fuhrer tried a violent revolution. He got a prison sentence for his troubles. In the end, he succeeded through politics. That means elections. At first, the NSDAP lost. Then, little by little they started winning, until the time came when the Fuhrer was appointed Chancellor, and the NSDAP was the second largest party in Germany.

It can happen here too. But only if we ALL work together and do our parts. For example, spring isn't over for another five days. That means Spring Blitz is still going on. Let's get out that literature. I'll be making one last effort before summer begins. For security reasons, I won't say exactly when, but soon.

Even after spring, we should still get our regular amount of literature out. Talk to people, and I don't mean beer talk in bars. People love to sound off when they've had a few, but rarely follow through when they sober up. Keep trying to recruit. Nothing ventured, nothing gained. But remember everyone, never trust a stranger with sensitive information, like names of other Supporters. Let them send in their applications and pledges, do a little work for us, then we'll see how much they can be trusted. Trust is earned, never given. For example, when I returned to the ANP, I'm sure there were eyes on me until they felt I could be trusted. Under the circumstances, it was a sensible precaution.

But anyway, even though people like to have fun in the summer, we still have keep up our work. That especially goes for those of you who live in climates with a much harsher winter. A lot of the time you can't get out to do your activism because of the weather. Now that it has warmed up (an understatement for you Eastern Comrades with the current heat wave you're going through), we must get to work. Not that there isn't time to play, but we must make time for our work as well.

Proper management of our time will leave us plenty of room for our jobs, activism, AND some summer fun.

Immigration Angle Missing from Today's Economic News

By Jeremy Beck, Thursday, April 7, 2011, 11:35 AM EDT

"[I]mmigration reduces the wages of domestic workers who compete with immigrants. That’s just supply and demand: we’re talking about large increases in the number of low-skill workers relative to other inputs into production, so it’s inevitable that this means a fall in wages."

-Nobel Prize winning economist Paul Krugman

According to Krugman, immigration policy reduces American employment opportunities and lowers existing workers' wages. Even the non-economists among us take supply and demand for granted. Yet, the bridge between the two is one that too few otherwise enlightened journalists have ever crossed. When was the last time you read a mainstream, objective news story about the impact our autopilot immigration policy has on the labor market?

Following the April jobs report major newspapers assured us that the economy is improving. For example, the Wall Street Journal's April 2, headline story read Hiring Shows Greater Strength. The lower unemployment rate and increased job creation, insists the Journal, are causes for celebration. The devil, however, is in the details. While the national economy may improve slightly in some sectors, the outlook for the average American worker is at best uncertain:

1. From 2000-2010, all of the net employment gains went to immigrant (legal and illegal) workers. That doesn't mean native-born citizens didn't get jobs; it means fewer native-born workers were employed in 2010 than in 2000, despite a 13.5 million increase in native-born workers during that time. This trend pre-dates the recession. In fact, the same thing was happening ten years ago, during the 00-01 recession.
2. The Bureau of Labor statistics estimates that most of the growth in jobs over the next decade will come in the form of low-paying jobs. For instance, nearly 400,000 food preparation and service jobs will be created by 2018 (average pay: $16,430), while only 11,100 financial examiner jobs (average pay: $70,930) will be created over the same period.
3. Legal and illegal immigration adds hundreds of thousands new, low-skilled workers every year to compete with today's unemployed. Seventy-four percent of working-age illegal immigrants, and 46 percent of working-age legal immigrants have no education beyond high school.
   • Eight million illegal workers hold U.S. jobs.
   • Seventy-five thousand (on average) permanent work permits are granted to legal immigrants every month.

How much does immigration policy contribute to middle class erosion? To what extent does immigration policy slow the recovery for American workers? Does immigration create a permanent underclass of foreign workers? Why are legal immigration numbers rarely discussed in Washington? These are big questions, the answers to which should generate powerful stories. So far though, the mainstream media has ignored the immigration-American worker connection.

JEREMY BECK is the Director of the Media Standards Project for NumbersUSA

NumbersUSA's blogs are copyrighted and may be republished or reposted only if they are copied in their entirety, including this paragraph, and provide proper credit to NumbersUSA. NumbersUSA bears no responsibility for where our blogs may be republished or reposted.

Comment:

I think we all know why the media ignores this. It's because the Judeo-Capitalists control 95% of the media. They want this to continue. Lower wages for us means higher profits for them. They couldn't give a hoot about a loss in quality of life for us. In fact, they like it. Think about it. Aside from luxury and power, being wealthy means privilege. If everyone is rich, then no one is rich. Having such privileges gives them a feeling of superiority. Let's face it, most people like feeling superior to others. Wealth gives them this and then some.

Comrades, it's up to us to put an end to this. The ANP has a plan, and dedicated people. What we still need is even more dedicated people, and the funds to carry out this plan. If you aren't already a Supporter, I urge you to send in your application and pledge today. I hate to sound like some money grubber who is only interested in cash, but the cold hard fact is we need funds to operate. Without them, we can't beat them. They are so successful because they have all the money they need to put their plans into action.

"If you don't want your children and your children's children to be condemned for all eternity as slaves of world capitalism, if you don't want to be made the protectors of stock exchange bandits and other bloodsuckers by your treacherous leaders,if you are on the contrary filled with a fanatical will for freedom, then join the ranks of the National Socialist Party." - Adolf Hitler, 1926.

Immigration Angle Missing from Today's Economic News

By Jeremy Beck, Thursday, April 7, 2011, 11:35 AM EDT

"[I]mmigration reduces the wages of domestic workers who compete with immigrants. That’s just supply and demand: we’re talking about large increases in the number of low-skill workers relative to other inputs into production, so it’s inevitable that this means a fall in wages."

-Nobel Prize winning economist Paul Krugman

According to Krugman, immigration policy reduces American employment opportunities and lowers existing workers' wages. Even the non-economists among us take supply and demand for granted. Yet, the bridge between the two is one that too few otherwise enlightened journalists have ever crossed. When was the last time you read a mainstream, objective news story about the impact our autopilot immigration policy has on the labor market?

Following the April jobs report major newspapers assured us that the economy is improving. For example, the Wall Street Journal's April 2, headline story read Hiring Shows Greater Strength. The lower unemployment rate and increased job creation, insists the Journal, are causes for celebration. The devil, however, is in the details. While the national economy may improve slightly in some sectors, the outlook for the average American worker is at best uncertain:

1. From 2000-2010, all of the net employment gains went to immigrant (legal and illegal) workers. That doesn't mean native-born citizens didn't get jobs; it means fewer native-born workers were employed in 2010 than in 2000, despite a 13.5 million increase in native-born workers during that time. This trend pre-dates the recession. In fact, the same thing was happening ten years ago, during the 00-01 recession.
2. The Bureau of Labor statistics estimates that most of the growth in jobs over the next decade will come in the form of low-paying jobs. For instance, nearly 400,000 food preparation and service jobs will be created by 2018 (average pay: $16,430), while only 11,100 financial examiner jobs (average pay: $70,930) will be created over the same period.
3. Legal and illegal immigration adds hundreds of thousands new, low-skilled workers every year to compete with today's unemployed. Seventy-four percent of working-age illegal immigrants, and 46 percent of working-age legal immigrants have no education beyond high school.
   • Eight million illegal workers hold U.S. jobs.
   • Seventy-five thousand (on average) permanent work permits are granted to legal immigrants every month.

How much does immigration policy contribute to middle class erosion? To what extent does immigration policy slow the recovery for American workers? Does immigration create a permanent underclass of foreign workers? Why are legal immigration numbers rarely discussed in Washington? These are big questions, the answers to which should generate powerful stories. So far though, the mainstream media has ignored the immigration-American worker connection.

JEREMY BECK is the Director of the Media Standards Project for NumbersUSA

NumbersUSA's blogs are copyrighted and may be republished or reposted only if they are copied in their entirety, including this paragraph, and provide proper credit to NumbersUSA. NumbersUSA bears no responsibility for where our blogs may be republished or reposted.

Comment:

I think we all know why the media ignores this. It's because the Judeo-Capitalists control 95% of the media. They want this to continue. Lower wages for us means higher profits for them. They couldn't give a hoot about a loss in quality of life for us. In fact, they like it. Think about it. Aside from luxury and power, being wealthy means privilege. If everyone is rich, then no one is rich. Having such privileges gives them a feeling of superiority. Let's face it, most people like feeling superior to others. Wealth gives them this and then some.

Comrades, it's up to us to put an end to this. The ANP has a plan, and dedicated people. What we still need is even more dedicated people, and the funds to carry out this plan. If you aren't already a Supporter, I urge you to send in your application and pledge today. I hate to sound like some money grubber who is only interested in cash, but the cold hard fact is we need funds to operate. Without them, we can't beat them. They are so successful because they have all the money they need to put their plans into action.

"If you don't want your children and your children's children to be condemned for all eternity as slaves of world capitalism, if you don't want to be made the protectors of stock exchange bandits and other bloodsuckers by your treacherous leaders,if you are on the contrary filled with a fanatical will for freedom, then join the ranks of the National Socialist Party." - Adolf Hitler, 1926.